Document:

Exhibit 4.5

    

    

    THIS WARRANT AND THE SECURITIES ISSUABLE UPON EXERCISE HEREOF MAY NOT BE SOLD, TRANSFERRED, ASSIGNED, PLEDGED, OR HYPOTHECATED, OR BE THE SUBJECT OF ANY HEDGING, SHORT SALE, DERIVATIVE,
        PUT, OR CALL TRANSACTION THAT WOULD RESULT IN THE EFFECTIVE ECONOMIC DISPOSITION OF SUCH SECURITIES BY ANY PERSON FOR A PERIOD OF ONE HUNDRED AND EIGHTY (180) DAYS IMMEDIATELY FOLLOWING THE DATE OF EFFECTIVENESS OF THE PUBLIC OFFERING OF THE
        COMPANY’S SECURITIES PURSUANT TO REGISTRATION STATEMENT NO.: 333- 237328 AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, EXCEPT IN ACCORDANCE WITH FINRA RULE 5110(G)(2).

    

    

    REPRESENTATIVE’S WARRANT

    

    

    SEANERGY MARITIME HOLDINGS CORP.

    

    

    	
            Warrant Shares: [  ]

          	
            Issuance Date: [  ], 2020

          

    

    

    THIS REPRESENTATIVE’S WARRANT (the “Warrant”) certifies that, for value received, [Maxim Group LLC] or its assigns (the “Holder”) is entitled,
      upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the date that is 180 days from the effective date of the Registration Statement (the “Initial Exercise Date”) and on or
      prior to the close of business on the three (3) year anniversary of the effective date of the Registration Statement (the “Termination Date”) but not thereafter, to subscribe for and purchase from Seanergy Maritime Holdings Corp., a Marshall
      Islands corporation (the “Company”), up to [  ] Common Shares (as subject to adjustment hereunder, the “Warrant Shares”). The purchase price of one Warrant Share under this Warrant shall be equal to the Exercise Price, as defined in
      Section 2(b).

    

    

    Section 1.             Definitions. Capitalized terms used and not otherwise defined herein shall have the meanings set forth in that certain Underwriting Agreement (the “Agreement”), dated [  ].
      2020, between the Company and Maxim Group LLC, as representative of the several Underwriters named in Schedule A thereto.

    

    

    Section 2.             Exercise.

    

    

    (a)          Exercise of the purchase rights represented by this Warrant may be made, in whole or in part, at any time or times on or after the Initial Exercise Date and on or before the Termination
      Date by delivery to the Company (or such other office or agency of the Company as it may designate by notice in writing to the registered Holder at the address of the Holder appearing on the books of the Company) of a duly executed facsimile copy of
      the Notice of Exercise form annexed hereto. Within three (3) trading days following the date of exercise as aforesaid, the Holder shall deliver the aggregate Exercise Price for the shares specified in the applicable Notice of Exercise by wire
      transfer or cashier’s check drawn on a United States bank unless the cashless exercise procedure specified in Section 2(c) below is available and specified in the applicable Notice of Exercise. Notwithstanding anything herein to the contrary, the
      Holder shall not be required to physically surrender this Warrant to the Company until the Holder has purchased all of the Warrant Shares available hereunder and the Warrant has been exercised in full, in which case, the Holder shall surrender this
      Warrant to the Company for cancellation within three (3) trading days of the date the final Notice of Exercise is delivered to the Company. Partial exercises of this Warrant resulting in purchases of a portion of the total number of Warrant Shares
      available hereunder shall have the effect of lowering the outstanding number of Warrant Shares purchasable hereunder in an amount equal to the applicable number of Warrant Shares purchased. The Holder and the Company shall maintain records showing
      the number of Warrant Shares purchased and the date of such purchases; provided that the records of the Company, absent manifest error, will be conclusive with respect to the number of Warrant Shares purchasable from time to time hereunder. The
      Company shall deliver any objection to any Notice of Exercise form within one (1) business day of receipt of such notice. The Holder and any assignee, by acceptance of this Warrant, acknowledge and agree that, by
        reason of the provisions of this paragraph, following the purchase of a portion of the Warrant Shares hereunder, the number of Warrant Shares available for purchase hereunder at any given time may be less than the amount stated on the face hereof.
      For purposes of this agreement, “business day” means any day other than a Saturday, Sunday or any other day on which commercial banks are required or authorized to close in the City of New York, State of New York or the City of Athens in the
      Country of Greece.

    

    

    (b)          Exercise Price. The exercise price per share of the Common Shares under this Warrant shall be $[  ], subject to adjustment hereunder (the “Exercise Price”). Except as
      where otherwise permitted in accordance with Section 2(c), this Warrant may only be exercised by means of payment by wire transfer.

    
      
        

    

    (c)          Cashless Exercise. If, and only if, at the time of exercise hereof there is no effective registration statement registering, or the prospectus contained therein is not available
      for the issuance of the Warrant Shares to the Holder, then, and only then, this Warrant may, at the option of the Holder, be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to
      receive a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

    

    

    (A) = the VWAP on the trading day immediately preceding the date on which Holder elects to exercise this Warrant by means of a “cashless exercise,” which shall be set forth in the applicable Notice
      of Exercise;

    

    

    (B) = the Exercise Price of this Warrant, as adjusted hereunder, at the time of exercise; and

    

    

    (X) = the number of Warrant Shares that would be issuable upon exercise of this Warrant in accordance with the terms of this Warrant if such exercise were by means of a cash exercise rather than a
      cashless exercise.

    

    

    “VWAP” means, for any date, the price determined by the first of the following clauses that applies: (a) if the Common Shares are then listed or quoted on The New York Stock Exchange, the NYSE
      American or any tier of The Nasdaq Stock Market (each, a “Trading Market”), the daily volume weighted average price of the Common Shares for such date (or the nearest preceding date) on the Trading Market on which the Common Shares are then
      listed or quoted as reported by Bloomberg L.P. (“Bloomberg”) (based on a trading day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b)  if the Common Shares are listed or quoted on the OTCQB or OTCQX (each as operated
      by OTC Markets Group, Inc., or any successor market), the volume weighted average price of the Common Shares for such date (or the nearest preceding date) on OTCQB or OTCQX as applicable, (c) if the Common Shares are not then listed or quoted for
      trading on the OTCQB or OTCQX Markets and if prices for the Common Shares are then reported in the OTC Pink Market published by OTC Markets Group Inc. (or a similar organization or agency succeeding to its functions of reporting prices), the most
      recent bid price per share of the Common Shares so reported, or (d) in all other cases, the fair market value of a Common Share as determined by an independent appraiser selected in good faith by the Board of Directors of the Company and reasonably
      acceptable to the Holder, the fees and expenses of which shall be paid by the Company.

    

    

     (d)          Mechanics of Exercise.

    

    

    (i)          Delivery of Warrant Shares Upon Exercise. The Company shall use its reasonable best efforts to cause the Warrant Shares purchased hereunder to be transmitted by the Transfer
      Agent to the Holder by crediting the account of the Holder’s prime broker with The Depository Trust Company through its Deposit or Withdrawal at Custodian system (“DWAC”) if the Company is then a participant in such system and either (A) there
      is an effective registration statement permitting the issuance of the Warrant Shares to or resale of the Warrant Shares or (B) this Warrant is being exercised via cashless exercise, and otherwise by physical delivery to the address specified by the
      Holder in the Notice of Exercise by the date that is five (5) trading days after the latest of (A) the delivery to the Company of the Notice of Exercise, (B) surrender of this Warrant (if required) and (C) receipt by the Company of the aggregate
      Exercise Price as set forth above (including by cashless exercise, if permitted) (such date, the “Warrant Share Delivery Date”). The Warrant Shares shall be deemed to have been issued, and the Holder or any other person so designated to be
      named therein shall be deemed to have become a holder of record of such shares for all purposes, as of the date the Warrant has been exercised and payment to the Company of the aggregate Exercise Price (or by cashless exercise, if permitted) has been
      received by the Company and all taxes required to be paid by the Holder, if any, pursuant to Section 2(d)(vi) prior to the issuance of such shares have been paid.

    

    

    (ii)          Delivery of New Warrants Upon Exercise. If this Warrant shall have been exercised in part, the Company shall, at the request of a Holder and upon surrender of this Warrant
      certificate, at the time of delivery of the Warrant Shares, deliver to the Holder a new Warrant evidencing the rights of the Holder to purchase the unpurchased Warrant Shares called for by this Warrant, which new Warrant shall in all other respects
      be identical with this Warrant.

    

    

    (iii)          Rescission Rights. If the Company fails to cause its transfer agent to transmit to the Holder the Warrant Shares pursuant to Section 2(d)(i) by the Warrant Share Delivery Date,
      then the Holder will have the right to rescind such exercise.

    
      
        

    

    (iv)          Compensation for Buy-In on Failure to Timely Deliver Warrant Shares Upon Exercise. In addition to any other rights available to the Holder, if the Company fails to cause the
      Transfer Agent to transmit to the Holder the Warrant Shares pursuant to an exercise on or before the Warrant Share Delivery Date, and if after such date the Holder is required by its broker to purchase (in an open market transaction or otherwise) or
      the Holder’s brokerage firm otherwise purchases, Common Shares to deliver in satisfaction of a sale by the Holder of the Warrant Shares which the Holder anticipated receiving upon such exercise (a “Buy-In”), then the Company shall (A) pay in
      cash to the Holder the amount, if any, by which (x) the Holder’s total purchase price (including brokerage commissions, if any) for the Common Shares so purchased exceeds (y) the amount obtained by multiplying (1) the number of Warrant Shares that
      the Company was required to deliver to the Holder in connection with the exercise at issue times (2) the price at which the sell order giving rise to such purchase obligation was executed, and (B) at the option of the Holder, either reinstate the
      portion of the Warrant and equivalent number of Warrant Shares for which such exercise was not honored (in which case such exercise shall be deemed rescinded) or deliver to the Holder the number of Common Shares that would have been issued had the
      Company timely complied with its exercise and delivery obligations hereunder. For example, if the Holder purchases Common Shares having a total purchase price of $11,000 to cover a Buy-In with respect to an attempted exercise of Warrant Shares with
      an aggregate sale price giving rise to such purchase obligation of $10,000, under clause (A) of the immediately preceding sentence the Company shall be required to pay the Holder $1,000. The Holder shall provide the Company written notice indicating
      the amounts payable to the Holder in respect of the Buy-In and, upon request of the Company, evidence of the amount of such loss. Nothing herein shall limit a Holder’s right to pursue any other remedies available to it hereunder, at law or in equity
      including, without limitation, a decree of specific performance and/or injunctive relief with respect to the Company’s failure to timely deliver Common Shares upon exercise of the Warrant as required pursuant to the terms hereof.

    

    

    (v)          No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Warrant. As to any fraction of a share which
      the Holder would otherwise be entitled to purchase upon such exercise, the Company shall round down to the nearest whole share.

    

    

    (vi)          Charges, Taxes and Expenses. Issuance of Warrant Shares shall be made without charge to the Holder for any issue or transfer tax or other incidental expense in respect of the
      issuance of such Warrant Shares, all of which taxes and expenses shall be paid by the Company, and such Warrant Shares shall be issued in the name of the Holder or in such name or names as may be directed by the Holder; provided, however,
      that, in the event Warrant Shares are to be issued in a name other than the name of the Holder, this Warrant when surrendered for exercise shall be accompanied by the Assignment Form attached hereto duly executed by the Holder and the Company may
      require, as a condition thereto, the payment of a sum sufficient to reimburse it for any transfer tax incidental thereto. The Company shall pay all Transfer Agent fees required for same-day processing of any Notice of Exercise.

    

    

    (vii)          Closing of Books. The Company will not close its stockholder books or records in any manner which prevents the timely exercise of this Warrant, pursuant to the terms hereof.

    
      
        

    

    (e)          Holder’s Exercise Limitations. The Company shall not effect any exercise of this Warrant, and a Holder shall not have the right to exercise any portion of this Warrant, pursuant
      to Section 2 or otherwise, to the extent that after giving effect to such issuance after exercise as set forth on the applicable Notice of Exercise, the Holder (together with the Holder’s Affiliates, and any other Persons acting as a group together
      with the Holder or any of the Holder’s Affiliates), would beneficially own in excess of the Beneficial Ownership Limitation (as defined below).  For purposes of the foregoing sentence, the number of Common Shares beneficially owned by the Holder and
      its Affiliates shall include the number of Common Shares which are issuable upon exercise of this Warrant with respect to which such determination is being made, but shall exclude the number of Common Shares which would be issuable upon (i) exercise
      of the remaining, non-exercised portion of this Warrant beneficially owned by the Holder or any of its Affiliates and (ii) exercise or conversion of the unexercised or non-converted portion of any other securities of the Company (including, without
      limitation, any other securities of the Company which by their terms are convertible into or exercisable for Common Shares (“Common Share Equivalents”) subject to a limitation on conversion or exercise analogous to the limitation contained
      herein beneficially owned by the Holder or any of its Affiliates.  Except as set forth in the preceding sentence, for purposes of this Section 2(e), beneficial ownership shall be calculated in accordance with Section 13(d) of the 1934 Act and the
      rules and regulations promulgated thereunder, it being acknowledged by the Holder that the Company is not representing to the Holder that such calculation is in compliance with Section 13(d) of the 1934 Act and the Holder is solely responsible for
      any schedules required to be filed in accordance therewith. To the extent that the limitation contained in this Section 2(e) applies, the determination of whether this Warrant is exercisable (in relation to other securities owned by the Holder
      together with any Affiliates) and of which portion of this Warrant is exercisable shall be in the sole discretion of the Holder, and the submission of a Notice of Exercise shall be deemed to be the Holder’s determination of whether, and
      representation and certification to the Company that, this Warrant is exercisable (in relation to other securities owned by the Holder together with any Affiliates) and of which portion of this Warrant is exercisable, in each case subject to the
      Beneficial Ownership Limitation, and the Company shall have no obligation to verify or confirm the accuracy of such determination. In addition, a determination as to any group status as contemplated above shall be determined in accordance with
      Section 13(d) of the 1934 Act and the rules and regulations promulgated thereunder. For purposes of this Section 2(e), in determining the number of outstanding Common Shares, a Holder may rely on the number of outstanding Common Shares as reflected
      in (A) the Company’s most recent periodic or annual report filed with the Commission, as the case may be, (B) a more recent public announcement by the Company or (C) a more recent written notice by the Company or the Transfer Agent setting forth the
      number of Common Shares outstanding.  Upon the written or oral request of a Holder, the Company shall within two (2) trading days confirm orally and in writing to the Holder the number of Common Shares then outstanding.  In any case, the number of
      outstanding Common Shares shall be determined after giving effect to the conversion or exercise of securities of the Company, including this Warrant, by the Holder or its Affiliates since the date as of which such number of outstanding Common Shares
      was reported. The “Beneficial Ownership Limitation” shall be 4.99% of the number of Common Shares outstanding immediately after giving effect to the issuance of Warrant Shares issuable upon exercise of this Warrant. The Holder, upon not less
      than 61 days’ prior notice to the Company, may increase or decrease the Beneficial Ownership Limitation provisions of this Section 2(e), provided that the Beneficial Ownership Limitation in no event exceeds 9.99% of the number of Common Shares
      outstanding immediately after giving effect to the issuance of Common Shares upon exercise of this Warrant held by the Holder and the provisions of this Section 2(e) shall continue to apply. Any such increase or decrease will not be effective until
      the 61st day after such notice is delivered to the Company. The provisions of this paragraph shall be construed and implemented in a manner otherwise than in strict
      conformity with the terms of this Section 2(e) to correct this paragraph (or any portion hereof) which may be defective or inconsistent with the intended Beneficial Ownership Limitation herein contained or to make changes or supplements necessary or
      desirable to properly give effect to such limitation. The limitations contained in this paragraph shall apply to a successor holder of this Warrant.

    
      
        

    

    Section 3.             Certain Adjustments.

    

    

    (a)          Stock Dividends and Splits. If the Company, at any time while this Warrant is outstanding: (i) pays a stock dividend or otherwise makes a distribution or distributions (other
      than cash) pro rata to the record holders of its Common Shares of its Common Shares or any other equity or equity equivalent securities payable in Common Shares (which, for avoidance of doubt, shall not include any Common Shares issued by the Company
      upon exercise of this Warrant), (ii) subdivides its outstanding Common Shares into a larger number of shares, (iii) combines (including by way of reverse stock split) its outstanding Common Shares into a smaller number of shares, or (iv) issues by
      reclassification of the Common Shares any shares of capital stock of the Company, then in each case the Exercise Price shall be multiplied by a fraction of which the numerator shall be the number of Common Shares (excluding treasury shares, if any)
      outstanding immediately before such event and of which the denominator shall be the number of Common Shares outstanding immediately after such event, and the number of shares issuable upon exercise of this Warrant shall be proportionately adjusted
      such that the aggregate Exercise Price of this Warrant shall remain unchanged. Any adjustment made pursuant to this Section 3(a) shall become effective immediately after the record date for the determination of stockholders entitled to receive such
      dividend or distribution and shall become effective immediately after the effective date in the case of a subdivision, combination or re-classification.

    

    

    (b)          Subsequent Rights Offerings. In addition to any adjustments pursuant to Section 3(a) above, if at any time during which this Warrant is outstanding the Company grants, issues or
      sells any Common Share Equivalents or other rights to purchase stock, warrants, securities or other property pro rata to the record holders of any class of Common Shares (the “Purchase Rights”), then the Holder will be entitled to acquire,
      upon the terms applicable to such Purchase Rights, the aggregate Purchase Rights which the Holder could have acquired if the Holder had held the number of Common Shares acquirable upon complete exercise of this Warrant (without regard to any
      limitations on exercise hereof, including without limitation, the Beneficial Ownership Limitation) immediately before the date on which a record is taken for the grant, issuance or sale of such Purchase Rights, or, if no such record is taken, the
      date as of which the record holders of Common Shares are to be determined for the grant, issue or sale of such Purchase Rights (provided, however, to the extent that the Holder’s right to participate in any such Purchase Right would result in the
      Holder exceeding the Beneficial Ownership Limitation, then the Holder shall not be entitled to participate in such Purchase Right to such extent (or beneficial ownership of such Common Shares as a result of such Purchase Right to such extent) and
      such Purchase Right to such extent shall be held in abeyance for the Holder until such time, if ever, as its right thereto would not result in the Holder exceeding the Beneficial Ownership Limitation). The provisions of this Section 3(b) will not
      apply to any grant, issuance or sale of Common Share Equivalents or other rights to purchase stock, warrants, securities or other property of the Company which is not made pro rata to the record holders of any class of Common Shares.

    
      
        

    

    (c)          Extraordinary Distributions. If the Company shall declare or make any dividend or other distribution of its assets (or rights to acquire its assets) to holders of Common Shares,
      by way of return of capital or otherwise (including, without limitation, any distribution, other than cash, of stock or other securities, property or options by way of a dividend, spin off, reclassification, corporate rearrangement, scheme of
      arrangement or other similar transaction), except to the extent an adjustment was already made pursuant to Section 3(a) or 3(b) and other than regular quarterly or other periodic dividends that may be initiated in the future (a “Distribution”), at
      any time after the issuance of this Warrant, then, in each such case, then the Exercise Price shall be decreased, effective immediately after the effective date of such Distribution, by the fair market value (as determined by the Company’s Board of
      Directors, in good faith) of any securities or other assets paid on each Common Share in respect of such Distribution in order that subsequent thereto upon exercise of this Warrant the Holder may obtain the equivalent benefit of such Distribution.

    

    

    (d)          Fundamental Transaction. If, at any time while this Warrant is outstanding, (i) the Company, directly or indirectly, in one or more related transactions effects any merger or
      consolidation of the Company with or into another Person, (ii) the Company, directly or indirectly, effects any sale, lease, license, assignment, transfer, conveyance or other disposition of all or substantially all of its assets in one or a series
      of related transactions, (iii) any, direct or indirect, purchase offer, tender offer or exchange offer (whether by the Company or another Person) is completed pursuant to which holders of Common Shares are permitted to sell, tender or exchange their
      shares for other securities, cash or property and has been accepted by the holders of 50% or more of the outstanding Common Shares, (iv) the Company, directly or indirectly, in one or more related transactions effects any reclassification,
      reorganization or recapitalization of the Common Shares or any compulsory share exchange pursuant to which the Common Shares are effectively converted into or exchanged for other securities, cash or property, or (v) the Company, directly or
      indirectly, in one or more related transactions consummates a stock or share purchase agreement or other business combination (including, without limitation, a reorganization, recapitalization, spin-off or scheme of arrangement) with another Person
      or group of Persons (other than (but except in the case of a “Rule 13e-3 transaction” transaction as defined in Rule 13e-3 promulgated under the 1934 Act involving) Claudia Restis, Jelco Delta Holding Corp., Comet Shipholding Inc. or associated or
      affiliated persons), whereby such other Person or group acquires more than 50% of the outstanding Common Shares (not including any Common Shares held by the other Person or other Persons making or party to, or associated or affiliated with the other
      Persons making or party to, such stock or share purchase agreement or other business combination) (each a “Fundamental Transaction”), then, upon any subsequent exercise of this Warrant, the Holder shall have the right to receive, for each
      Warrant Share that would have been issuable upon such exercise immediately prior to the occurrence of such Fundamental Transaction (without regard to any limitation in Section 2(e) on the exercise of this Warrant), the number of shares of common
      equity of the successor or acquiring corporation or of the Company, if it is the surviving corporation, and any additional consideration (the “Alternate Consideration”) receivable as a result of such Fundamental Transaction by a holder of the
      number of Common Shares for which this Warrant is exercisable immediately prior to such Fundamental Transaction (without regard to any limitation in Section 2(e) on the exercise of this Warrant), without duplication of the Successor Entity securities
      deliverable under Section 3(e) below. For purposes of any such exercise, the determination of the Exercise Price shall be appropriately adjusted to apply to such Alternate Consideration based on the amount of Alternate Consideration issuable in
      respect of one Common Share in such Fundamental Transaction, and the Company shall apportion the Exercise Price among the Alternate Consideration in a reasonable manner reflecting the relative value of any different components of the Alternate
      Consideration. If holders of Common Shares are given any choice as to the securities, cash or property to be received in a Fundamental Transaction, then the Holder shall be given the same choice as to the Alternate Consideration it receives upon any
      exercise of this Warrant following such Fundamental Transaction. Notwithstanding anything to the contrary, in the event of a Fundamental Transaction that is (1) an all cash transaction, (2) a “Rule 13e-3 transaction” as defined in Rule 13e-3 under
      the 1934 Act, or (3) a Fundamental Transaction involving a person or entity not traded on a Trading Market the Company or any Successor Entity (as defined below) shall, at the option of the Holder or the Company or any Successor Entity, exercisable
      at any time concurrently with, or within 30 days after, the consummation of the Fundamental Transaction, purchase this Warrant from the Holder by paying to the Holder an amount of cash equal to the Black Scholes Value of the remaining unexercised
      portion of this Warrant on the date of the exercise of the option. “Black Scholes Value” means the value of this Warrant based on the Black and Scholes Option Pricing Model obtained from the “OV” function on Bloomberg determined as of the day
      of consummation of the applicable Fundamental Transaction for pricing purposes and reflecting (A) a risk-free interest rate corresponding to the U.S. Treasury rate for a period equal to the time between the date of the public announcement of the
      applicable Fundamental Transaction and the Termination Date, (B) an expected volatility equal to the greater of 100% and the 100 day volatility obtained from the HVT function on Bloomberg as of the trading day immediately following the public
      announcement of the applicable Fundamental Transaction, or, if the Fundamental Transaction is not publicly announced, the date the Fundamental Transaction is consummated, (C) the underlying price per share used in such calculation shall be the sum of
      the price per share being offered in cash, if any, plus the value of any non-cash consideration, if any, being offered in such Fundamental Transaction and (D) a remaining option time equal to the time between the date of the public announcement of
      the applicable Fundamental Transaction and the Termination Date. The Company shall cause any successor entity in a Fundamental Transaction in which the Company is not the survivor (the “Successor Entity”) and for which stockholders of the
      Company received any equity securities of the Successor Entity to assume in writing all of the obligations of the Company under this Warrant in accordance with the provisions of this Section 3(e), and to deliver to the Holder in exchange for this
      Warrant a security of the Successor Entity evidenced by a written instrument substantially similar in form and substance to this Warrant which is exercisable for a corresponding number of shares of capital stock of such Successor Entity (or its
      parent entity) equivalent to the Common Shares acquirable and receivable upon exercise of this Warrant (without regard to any limitations on the exercise of this Warrant) prior to such Fundamental Transaction, and with an exercise price which applies
      the exercise price hereunder to such shares of capital stock (but taking into account the relative value of the Common Shares pursuant to such Fundamental Transaction and the value of such shares of capital stock, such number of shares of capital
      stock and such exercise price being for the purpose of protecting the economic value of this Warrant immediately prior to the consummation of such Fundamental Transaction). Upon the occurrence of any such Fundamental Transaction, the Successor Entity
      shall succeed to, and be substituted for (so that from and after the date of such Fundamental Transaction, the provisions of this Warrant and the other Transaction Documents referring to the “Company” shall refer instead to the Successor Entity), and
      may exercise every right and power of the Company and shall assume all of the obligations of the Company under this Warrant and the other Transaction Documents with the same effect as if such Successor Entity had been named as the Company herein.

    
      
        

    

    (g)          Calculations. All calculations under this Section 3 shall be made to the nearest cent or the nearest whole share, as the case may be. For purposes of this Section 3, the number
      of Common Shares deemed to be issued and outstanding as of a given date shall be the sum of the number of Common Shares (excluding treasury shares, if any) issued and outstanding.

    

    

    (h)          Notice to Holder.

    

    

    (i)          Adjustment to Exercise Price. Whenever the Exercise Price is adjusted pursuant to any provision of this Section 3, the Company shall promptly mail to the Holder a notice setting
      forth the Exercise Price after such adjustment and any resulting adjustment to the number of Warrant Shares and setting forth a brief statement of the facts requiring such adjustment.

    

    

    (ii)          Notice to Allow Exercise by Holder. If (A) the Company shall declare a dividend (or any other distribution in whatever form) on the Common Shares, (B) the Company shall declare
      a special nonrecurring cash dividend on or a redemption of the Common Shares, (C) the Company shall authorize the granting to all holders of the Common Shares rights or warrants to subscribe for or purchase any shares of capital stock of any class or
      of any rights, (D) the approval of any stockholders of the Company shall be required in connection with any reclassification of the Common Shares, any consolidation or merger to which the Company is a party, any sale or transfer of all or
      substantially all of the assets of the Company, or any compulsory share exchange whereby the Common Shares are converted into other securities, cash or property, or (E) the Company shall authorize the voluntary or involuntary dissolution, liquidation
      or winding up of the affairs of the Company, then, in each case, the Company shall cause to be mailed to the Holder at its last address as it shall appear upon the Warrant Register of the Company, at least 5 trading days prior to the applicable
      record or effective date hereinafter specified, a notice stating (x) the date on which a record is to be taken for the purpose of such dividend, distribution, redemption, rights or warrants, or if a record is not to be taken, the date as of which the
      holders of the Common Shares of record to be entitled to such dividend, distributions, redemption, rights or warrants are to be determined or (y) the date on which such reclassification, consolidation, merger, sale, transfer or share exchange is
      expected to become effective or close, and the date as of which it is expected that holders of the Common Shares of record shall be entitled to exchange their Common Shares for securities, cash or other property deliverable upon such
      reclassification, consolidation, merger, sale, transfer or share exchange; provided that the failure to mail such notice or any defect therein or in the mailing thereof shall not affect the validity of the corporate action required to be specified in
      such notice. To the extent that any notice provided hereunder constitutes, or contains, material, non-public information regarding the Company, the Company shall simultaneously file such notice with the Commission pursuant to a Form 6-K. The Holder
      shall remain entitled to exercise this Warrant during the period commencing on the date of such notice to the effective date of the event triggering such notice except as may otherwise be expressly set forth herein.

    
      
        

    

    Section 4.          Transfer of Warrant.

    

    

    (a)          Transferability. This Warrant and all rights hereunder (including, without limitation, any registration rights) are transferable, in whole or in part, upon surrender of this
      Warrant at the principal office of the Company or its designated agent, together with a written assignment of this Warrant substantially in the form attached hereto duly executed by the Holder or its agent or attorney and funds sufficient to pay any
      transfer taxes payable upon the making of such transfer. Upon such surrender and, if required, such payment, the Company shall execute and deliver a new Warrant or Warrants in the name of the assignee or assignees, as applicable, and in the
      denomination or denominations specified in such instrument of assignment, and shall issue to the assignor a new Warrant evidencing the portion of this Warrant not so assigned, and this Warrant shall promptly be cancelled. The Warrant, if properly
      assigned in accordance herewith, may be exercised by a new holder for the purchase of Warrant Shares without having a new Warrant issued. Neither this Warrant nor any Warrant Shares issued upon exercise of this Warrant shall be sold, transferred,
      assigned, pledged, or hypothecated, or be the subject of any hedging, short sale, derivative, put, or call transaction that would result in the effective economic disposition of the securities by any person for a period of 180 days immediately
      following the date of effectiveness or commencement of sales of the offering pursuant to which this Warrant is being issued, except the transfer of any security:

    

    

    (i)          by operation of law or by reason of reorganization of the Company;

    

    

    (ii)          to any FINRA member firm participating in the offering and the officers or partners thereof, if all securities so transferred remain subject to the lock-up restriction in this Section
      4(a) for the remainder of the time period; or

    

    

    (iii)          the exercise or conversion of any security, if all securities received remain subject to the lock-up restriction in this Section 4(a) for the remainder of the time period.

    

    

    (b)          New Warrants. This Warrant may be divided or combined with other Warrants upon presentation hereof at the aforesaid office of the Company, together with a written notice
      specifying the names and denominations in which new Warrants are to be issued, signed by the Holder or its agent or attorney. Subject to compliance with Section 4(a), as to any transfer which may be involved in such division or combination, the
      Company shall execute and deliver a new Warrant or Warrants in exchange for the Warrant or Warrants to be divided or combined in accordance with such notice. All Warrants issued on transfers or exchanges shall be dated the initial issuance date of
      this Warrant and shall be identical with this Warrant except as to the number of Warrant Shares issuable pursuant thereto.

    

    

    (c)          Warrant Register. The Company shall register this Warrant, upon records to be maintained by the Company for that purpose (the “Warrant Register”), in the name of the
      record Holder hereof from time to time. The Company may deem and treat the registered Holder of this Warrant as the absolute owner hereof for the purpose of any exercise hereof or any distribution to the Holder, and for all other purposes, absent
      actual notice to the contrary.

    
      
        

    

    Section 5.            Registration Rights. To the extent the Company does not maintain an effective registration statement for the Warrant Shares and in the further event that the Company files a
      registration statement with the Securities and Exchange Commission covering the sale of its Common Shares (other than a registration statement on Form F-4 or F-8, or on another form, or in another context, in which such “piggyback” registration would
      be inappropriate), then, for a period of seven (7) years from the effective date of the Registration Statement, the Company shall give written notice of such proposed filing to the Holder as soon as practicable but in no event less than ten (10) days
      before the anticipated filing date, which notice shall describe the amount and type of securities to be included in such offering, the intended method(s) of distribution, and the name of the proposed managing underwriter or underwriters, if any, of
      the offering, and offer to the Holder in such notice the opportunity to register the sale of such number of shares of Warrant Shares as such Holder may request in writing within five (5) days following receipt of such notice (a “Piggyback Registration”). The Company shall cause such Warrant Shares to be included in such registration and shall use its reasonable best efforts to cause the managing underwriter or underwriters of a
      proposed underwritten offering to permit the Warrant Shares requested to be included in a Piggyback Registration on the same terms and conditions as any similar securities of the Company and to permit the sale or other disposition of such Warrant
      Shares in accordance with the intended method(s) of distribution thereof. All Holders proposing to distribute their securities through a Piggyback Registration that involves an underwriter or underwriters shall enter into an underwriting agreement in
      customary form with the underwriter or underwriters selected for such Piggyback Registration. Furthermore, each Holder must provide such information as reasonably requested by the Company (which information shall be limited to that which is required
      for disclosure under the 1933 Act and the forms, rules and regulations promulgated thereunder) to be included in the registration statement timely or the Company may elect to exclude such Holder from the registration statement. In addition, to the
      extent the Company does not maintain an effective registration statement for the Warrant Shares, for a period of five (5) years from the effective date of the Registration Statement, the Holder shall be entitled to (a) one (1) demand right for the
      registration of the Warrant Shares at the Company’s expense (other than any underwriting discounts, selling commissions, share transfer taxes applicable to the sale of the Warrant Shares, and fees and disbursements of counsel for the Holder) and (b)
      one (1) additional demand right for the registration of the Warrant Shares at the Holder’s expense (each, a “Demand Registration”). In the event of a Demand Registration, the Company shall use its
      reasonable best efforts to register the applicable Warrant Shares. All Holders of Warrant Shares proposing to distribute their securities through a Demand Registration that involves an underwriter or underwriters shall enter into an underwriting
      agreement in customary form with the underwriter or underwriters selected for such Demand Registration. Furthermore, each Holder must provide such information as reasonably requested by the Company (which information shall be limited to that which is
      required for disclosure under the 1933 Act and the forms, rules and regulations promulgated thereunder) to be included in the registration statement timely or the Company may elect to exclude such Holder from the registration statement.
      Notwithstanding the foregoing, the registration rights described in this Section 5 shall be subject to limitations imposed by the Commission’s rules or comments of the Commission staff in connection with its review of the registration statement for
      any such resale registration. Moreover, notwithstanding the foregoing registration obligations of the Company, if the Company furnishes to the Holders requesting a Demand Registration a certificate signed by the Company’s chief executive officer
      stating that in the good faith judgment of the Company’s Board of Directors it would be materially detrimental to the Company and its shareholders for a registration statement to either become effective or remain effective for as long as such
      registration statement otherwise would be required to remain effective, because such action would (i) materially interfere with a significant acquisition, corporate reorganization, or other similar transaction involving the Company; (ii) require
      premature disclosure of material information that the Company has a bona fide business purpose for preserving as confidential; or (iii) render the Company unable to comply with requirements under the 1933 Act or 1934 Act, then the Company shall have
      the right to defer taking action with respect to such Demand Registration or withdraw a related registration statement for a period of not more than forty-five (45) calendar days; provided, however, that the Company may not invoke this right more
      than twice in any twelve (12) month period or during the twelve (12) month period prior to the Termination Date.

    
      
        

    

    Section 6.             Miscellaneous.

    

    

    (a)          No Rights as Stockholder Until Exercise. This Warrant does not entitle the Holder to any voting rights, dividend rights or other rights as a stockholder of the Company prior to
      the exercise hereof as set forth in Section 2(d)(i), except as expressly set forth in Section 3.

    

    

    (b)          Loss, Theft, Destruction or Mutilation of Warrant. The Company covenants that upon receipt by the Company of evidence reasonably satisfactory to it of the loss, theft,
      destruction or mutilation of this Warrant or any stock certificate relating to the Warrant Shares, and in case of loss, theft or destruction, of indemnity or security reasonably satisfactory to it (which, in the case of the Warrant, shall not include
      the posting of any bond), and upon surrender and cancellation of such Warrant or stock certificate, if mutilated, the Company will make and deliver a new Warrant or stock certificate of like tenor and dated as of such cancellation, in lieu of such
      Warrant or stock certificate.

    

    

    (c)          Saturdays, Sundays, Holidays, etc. If the last or appointed day for the taking of any action or the expiration of any right required or granted herein shall not be a business
      day, then, such action may be taken or such right may be exercised on the next succeeding business day.

    

    

    (d)          Authorized Shares.

    

    

    (i)          The Company covenants that, during the period the Warrant is outstanding, it will reserve from its authorized and unissued Common Shares a sufficient number of shares to provide for the
      issuance of the Warrant Shares upon the exercise of any purchase rights under this Warrant. The Company further covenants that its issuance of this Warrant shall constitute full authority to its officers who are charged with the duty of executing
      stock certificates to execute and issue the necessary Warrant Shares upon the exercise of the purchase rights under this Warrant. The Company will take all such commercially reasonable action as may be necessary to assure that such Warrant Shares may
      be issued as provided herein without violation of any applicable law or regulation, or of any requirements of the Trading Market upon which the Common Shares may be listed. The Company covenants that all Warrant Shares which may be issued upon the
      exercise of the purchase rights represented by this Warrant will, upon exercise of the purchase rights represented by this Warrant and payment for such Warrant Shares in accordance herewith, be duly authorized, validly issued, fully paid and
      nonassessable and free from all taxes, liens and charges created by the Company in respect of the issue thereof (other than taxes in respect of any transfer occurring contemporaneously with such issue).

    
      
        

    

    (ii)          Except and to the extent as waived or consented to by the Holder, the Company shall not by any action, including, without limitation, amending its certificate of incorporation or
      through any reorganization, transfer of assets, consolidation, merger, dissolution, issue or sale of securities or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this Warrant, but will at all
      times in good faith assist in the carrying out of all such terms and in the taking of all such actions as may be necessary or appropriate to protect the rights of Holder as set forth in this Warrant against impairment. Without limiting the generality
      of the foregoing, the Company will (i) not increase the par value of any Warrant Shares above the amount payable therefor upon such exercise immediately prior to such increase in par value, (ii) take all such action as may be necessary or appropriate
      in order that the Company may validly and legally issue fully paid and nonassessable Warrant Shares upon the exercise of this Warrant and (iii) use commercially reasonable efforts to obtain all such authorizations, exemptions or consents from any
      public regulatory body having jurisdiction thereof, as may be, necessary to enable the Company to perform its obligations under this Warrant.

    

    

    (iii)          Before taking any action which would result in an adjustment in the number of Warrant Shares for which this Warrant is exercisable or in the Exercise Price, the Company shall obtain
      all such authorizations or exemptions thereof, or consents thereto, as may be necessary from any public regulatory body or bodies having jurisdiction thereof.

    

    

    (e)          Jurisdiction. All questions concerning the construction, validity, enforcement and interpretation of this Warrant shall be determined in accordance with the laws of the State of
      New York, without regard to conflict of laws principles, and federal or state courts sitting in the State of New York shall have exclusive jurisdiction over matters arising out of this Warrant.

    

    

    (f)          Restrictions. The Holder acknowledges that the Warrant Shares acquired upon the exercise of this Warrant, if not registered, and the Holder does not utilize cashless exercise,
      will have restrictions upon resale imposed by state and federal securities laws.

    

    

    (g)          Nonwaiver and Expenses. No course of dealing or any delay or failure to exercise any right hereunder on the part of Holder shall operate as a waiver of such right or otherwise
      prejudice the Holder’s rights, powers or remedies. Without limiting any other provision of this Warrant or the Agreement, if the Company willfully and knowingly fails to comply with any provision of this Warrant, which results in any material damages
      to the Holder, the Company shall pay to the Holder such amounts as shall be sufficient to cover any costs and expenses including, but not limited to, reasonable attorneys’ fees, including those of appellate proceedings, incurred by the Holder in
      collecting any amounts due pursuant hereto or in otherwise enforcing any of its rights, powers or remedies hereunder.

    

    

    (h)          Notices. Any notice, request or other document required or permitted to be given or delivered to the Holder by the Company shall be delivered in accordance with the notice
      provisions of the Agreement.

    

    

    (i)          Limitation of Liability. No provision hereof, in the absence of any affirmative action by the Holder to exercise this Warrant to purchase Warrant Shares, and no enumeration
      herein of the rights or privileges of the Holder, shall give rise to any liability of the Holder for the purchase price of any Common Shares or as a stockholder of the Company, whether such liability is asserted by the Company or by creditors of the
      Company.

    

    

    (j)          Remedies. The Holder, in addition to being entitled to exercise all rights granted by law, including recovery of damages, will be entitled to specific performance of its rights
      under this Warrant. The Company agrees that monetary damages would not be adequate compensation for any loss incurred by reason of a breach by it of the provisions of this Warrant and hereby agrees to waive and not to assert the defense in any action
      for specific performance that a remedy at law would be adequate.

    

    

    (k)          Successors and Assigns. Subject to applicable securities laws, this Warrant and the rights and obligations evidenced hereby shall inure to the benefit of and be binding upon the
      successors and permitted assigns of the Company and the successors and permitted assigns of Holder. The provisions of this Warrant are intended to be for the benefit of any Holder from time to time of this Warrant and shall be enforceable by the
      Holder or holder of this Warrant.

    
      
        

    

    (l)          Amendment. This Warrant may be modified or amended or the provisions hereof waived with the written consent of the Company and the Holder.

    

    

    (m)         Severability. Wherever possible, each provision of this Warrant shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this
      Warrant shall be prohibited by or invalid under applicable law, such provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provisions or the remaining provisions of this Warrant.

    

    

    (n)          Headings. The headings used in this Warrant are for the convenience of reference only and shall not, for any purpose, be deemed a part of this Warrant.

    

    

    ********************

    
      
        

    

    IN WITNESS WHEREOF, the Company has caused this Representative’s Warrant to be executed by its officer thereunto duly authorized as of the date first above indicated.

    

    

    	 	
            SEANERGY MARITIME HOLDINGS CORP.

          
	 	 
	 	 
	 	
            By:

          	 
	 	 	
            Name: Stamatios Tsantanis

          
	 	 	
            Title: Chief Executive Officer

          

    
      
        

    

    NOTICE OF EXERCISE

    

    

    TO:         SEANERGY MARITIME HOLDINGS CORP.

    

    

    (1) The undersigned hereby elects to purchase ________ Warrant Shares of the Company pursuant to the terms of the attached Warrant, dated _______, 2020, and tenders herewith payment of the exercise
      price in full, together with all applicable transfer taxes, if any.

    

    

    (2) Payment shall take the form of (check applicable box):

    

    

    ☐ in lawful money of the United States by wire transfer; or

    

    

    ☐ if permitted by the terms of the Warrant, the cancellation of such number of Warrant Shares as is necessary, in accordance with the formula set forth
      in subsection 2(c), to exercise this Warrant with respect to the maximum number of Warrant Shares purchasable pursuant to the cashless exercise procedure set forth in subsection 2(c).

    

    

     (3) Please issue said Warrant Shares in the name of the undersigned or in such other name as is specified below:

     

    

    	 	 	 

    

    

    The Warrant Shares shall be delivered to the following DWAC Account Number:

    

    

    	
             DTC number:

          	 	 
	 	 	 
	
             Account name:

          	 	 
	 	 	 
	
             Account number:

          	 	 

    

    

    [SIGNATURE OF HOLDER]

    

    

    	
            Name of Investing Entity:

          	 

    

    

    	
            Signature of Authorized Signatory of Investing Entity:

             

 	 

    

    

    	
            Name of Authorized Signatory:

          	 

    

    

    	
            Title of Authorized Signatory:

          	 

    

    

    	
            Date:

          	 

    
      
        

    

    ASSIGNMENT FORM

    

    

    (To assign the foregoing warrant, execute

    this form and supply required information.

    Do not use this form to exercise the warrant.)

    

    

    FOR VALUE RECEIVED, [____] all of or [_______] shares of the foregoing Warrant and all rights evidenced thereby are hereby assigned to _______________________________________________ whose address is
      _______________________________________________________________.

    

    

    Date: ______________

    

    

    

    

    	 	
            Holder’s Signature:

          	 	 
	 	 	 	 
	 	
            Holder’s Address:

          	 	 
	 	 	 	 
	 	 	 	 

    

    

    

    

    NOTE: The signature to this Assignment Form must correspond with the name as it appears on the face of the Warrant, without alteration or enlargement or any change whatsoever, and must be guaranteed by a bank or trust
      company. Officers of corporations and those acting in a fiduciary or other representative capacity should file proper evidence of authority to assign the foregoing Warrant.EX-10.1

 Exhibit 10.1 

EXECUTION COPY 
  

 
 Published Deal CUSIP Number: 03063RAP3

 Published Revolving Credit Dollar Tranche CUSIP Number: 03063RAQ1 

Published Revolving Credit Alternative Currency Tranche CUSIP Number: 03063RAR9 

Published Term A-1 Loan Facility CUSIP Number: 03063RAT5 

Published Term A-2 Loan Facility CUSIP Number: 03063RAS7 

CREDIT AGREEMENT 
 among 

AMERICOLD REALTY OPERATING PARTNERSHIP, L.P., 

AMERICOLD REALTY TRUST, 
 CERTAIN
SUBSIDIARIES OF AMERICOLD REALTY OPERATING PARTNERSHIP, L.P., 
 The Several Lenders and Letter of Credit Issuers from Time to Time Parties
Hereto, 
 BANK OF AMERICA, N.A., 

as Administrative Agent, 
 JPMORGAN
CHASE BANK, N.A., CITIBANK, N.A., ROYAL BANK OF CANADA, 
 COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH and TRUIST BANK, 

as Syndication Agents 
 and 

BBVA USA, CITIZENS BANK, NATIONAL ASSOCIATION, 

GOLDMAN SACHS LENDING PARTNERS LLC, MORGAN STANLEY SENIOR 

FUNDING, INC., REGIONS BANK and U.S. BANK NATIONAL ASSOCIATION, 

as Documentation Agents 
 Dated as
of March 26, 2020 
  
  

BofA SECURITIES, INC., 
 JPMORGAN
CHASE BANK, N.A., CITIBANK, N.A., ROYAL BANK OF CANADA 
 COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH 

and SUNTRUST ROBINSON HUMPHREY, INC. 

as Joint Lead Arrangers 
 and 

BofA SECURITIES, INC., 
 JPMORGAN
CHASE BANK, N.A., CITIBANK, N.A. and ROYAL BANK OF CANADA, 
 as Joint Bookrunners 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	ARTICLE I DEFINITIONS	  	 	1	 
			
	 Section 1.1.
	 	 Defined Terms
	  	 	1	 
			
	 Section 1.2.
	 	 Other Definitional Provisions
	  	 	53	 
			
	 Section 1.3.
	 	 Classifications of Loans
	  	 	54	 
			
	 Section 1.4.
	 	 Accounting Terms; GAAP
	  	 	54	 
			
	 Section 1.5.
	 	 Pro Forma Calculations
	  	 	55	 
			
	 Section 1.6.
	 	 Rounding
	  	 	55	 
			
	 Section 1.7.
	 	 Timing of Payment or Performance
	  	 	55	 
			
	 Section 1.8.
	 	 Times of Day
	  	 	55	 
			
	 Section 1.9.
	 	 Exchange Rates; Currency Equivalents
	  	 	55	 
			
	 Section 1.10.
	 	 Additional Alternative Currencies
	  	 	56	 
			
	 Section 1.11.
	 	 Change of Currency
	  	 	58	 
		
	ARTICLE II AMOUNT AND TERMS OF CREDIT	  	 	59	 
			
	 Section 2.1.
	 	 Commitments
	  	 	59	 
			
	 Section 2.2.
	 	 Borrowings, Continuations and Conversions of Loans
	  	 	60	 
			
	 Section 2.3.
	 	 Bid Loans
	  	 	63	 
			
	 Section 2.4.
	 	 Administrative Agent’s Clawback
	  	 	66	 
			
	 Section 2.5.
	 	 Repayment of Loans
	  	 	68	 
			
	 Section 2.6.
	 	 Evidence of Debt
	  	 	68	 
			
	 Section 2.7.
	 	 [Reserved]
	  	 	69	 
			
	 Section 2.8.
	 	 Interest
	  	 	69	 
			
	 Section 2.9.
	 	 LIBOR Successor Rate
	  	 	70	 
			
	 Section 2.10.
	 	 Increased Costs, Illegality, Etc.
	  	 	72	 

  
 i 

							
			
	 Section 2.11.
	 	 Compensation
	  	 	76	 
			
	 Section 2.12.
	 	 Change of Lending Office
	  	 	76	 
			
	 Section 2.13.
	 	 Notice of Certain Costs
	  	 	77	 
			
	 Section 2.14.
	 	 Increase in Facilities
	  	 	77	 
			
	 Section 2.15.
	 	 Replacement of Lenders or Termination of Commitments Under Certain Circumstances
	  	 	80	 
			
	 Section 2.16.
	 	 Defaulting Lenders
	  	 	82	 
			
	 Section 2.17.
	 	 Extension of Revolving Loan Maturity Date
	  	 	84	 
			
	 Section 2.18.
	 	 Designated Borrowers
	  	 	86	 
			
	 Section 2.19.
	 	 Joint and Several Liability
	  	 	88	 
		
	ARTICLE III LETTERS OF CREDIT	  	 	90	 
			
	 Section 3.1.
	 	 Letters of Credit
	  	 	90	 
			
	 Section 3.2.
	 	 Letter of Credit Requests
	  	 	92	 
			
	 Section 3.3.
	 	 Letter of Credit Participations
	  	 	94	 
			
	 Section 3.4.
	 	 Agreement to Repay Letter of Credit Drawings
	  	 	96	 
			
	 Section 3.5.
	 	 Increased Costs
	  	 	99	 
			
	 Section 3.6.
	 	 New or Successor Letter of Credit Issuer
	  	 	100	 
			
	 Section 3.7.
	 	 Role of Letter of Credit Issuer
	  	 	102	 
			
	 Section 3.8.
	 	 Cash Collateral
	  	 	102	 
			
	 Section 3.9.
	 	 Governing Law; Applicability of ISP and UCP
	  	 	104	 
			
	 Section 3.10.
	 	 Conflict with Issuer Documents
	  	 	104	 
			
	 Section 3.11.
	 	 Letters of Credit Issued for Subsidiaries
	  	 	104	 
			
	 Section 3.12.
	 	 Letter of Credit Issuer Reports to Administrative Agent
	  	 	104	 
		
	ARTICLE IV FEES; COMMITMENT REDUCTIONS AND TERMINATIONS	  	 	105	 
			
	 Section 4.1.
	 	 Fees
	  	 	105	 
			
	 Section 4.2.
	 	 Voluntary Reduction of Revolving Credit Commitments
	  	 	107	 

  
 ii 

							
			
	 Section 4.3.
	 	 Mandatory Termination of Commitments
	  	 	107	 
		
	ARTICLE V PAYMENTS	  	 	108	 
			
	 Section 5.1.
	 	 Voluntary Prepayments
	  	 	108	 
			
	 Section 5.2.
	 	 Mandatory Prepayments
	  	 	108	 
			
	 Section 5.3.
	 	 Method and Place of Payment
	  	 	109	 
			
	 Section 5.4.
	 	 Net Payments
	  	 	111	 
			
	 Section 5.5.
	 	 Computations of Interest and Fees
	  	 	116	 
			
	 Section 5.6.
	 	 Limit on Rate of Interest
	  	 	117	 
		
	ARTICLE VI REPRESENTATIONS AND WARRANTIES	  	 	118	 
			
	 Section 6.1.
	 	 Financial Condition
	  	 	118	 
			
	 Section 6.2.
	 	 No Change
	  	 	119	 
			
	 Section 6.3.
	 	 Existence; Compliance with Law
	  	 	119	 
			
	 Section 6.4.
	 	 Power; Authorization; Enforceable Obligations
	  	 	119	 
			
	 Section 6.5.
	 	 No Legal Bar
	  	 	119	 
			
	 Section 6.6.
	 	 Litigation
	  	 	120	 
			
	 Section 6.7.
	 	 Ownership of Property; Liens; Qualified Assets; Casualty
	  	 	120	 
			
	 Section 6.8.
	 	 Intellectual Property
	  	 	120	 
			
	 Section 6.9.
	 	 REIT Status; Stock Exchange Listing; Taxes
	  	 	120	 
			
	 Section 6.10.
	 	 Federal Regulations
	  	 	121	 
			
	 Section 6.11.
	 	 ERISA
	  	 	121	 
			
	 Section 6.12.
	 	 Investment Company Act
	  	 	121	 
			
	 Section 6.13.
	 	 Subsidiaries
	  	 	121	 
			
	 Section 6.14.
	 	 Use of Proceeds
	  	 	122	 
			
	 Section 6.15.
	 	 Environmental Matters
	  	 	122	 
			
	 Section 6.16.
	 	 Accuracy of Information, Etc.
	  	 	122	 

  
 iii 

							
			
	 Section 6.17.
	 	 [Intentionally Omitted]
	  	 	123	 
			
	 Section 6.18.
	 	 Anti-Corruption Laws, Sanctions and Anti-Terrorism Laws
	  	 	123	 
			
	 Section 6.19.
	 	 Labor Matters
	  	 	123	 
			
	 Section 6.20.
	 	 Solvency
	  	 	124	 
			
	 Section 6.21.
	 	 Insurance
	  	 	124	 
			
	 Section 6.22.
	 	 No Default
	  	 	124	 
			
	 Section 6.23.
	 	 Affected Financial Institution
	  	 	124	 
			
	 Section 6.24.
	 	 Representations as to Foreign Obligors
	  	 	124	 
		
	ARTICLE VII CONDITIONS PRECEDENT	  	 	125	 
			
	 Section 7.1.
	 	 Conditions to Effectiveness
	  	 	125	 
			
	 Section 7.2.
	 	 Conditions to Each Extension of Credit
	  	 	128	 
		
	ARTICLE VIII AFFIRMATIVE COVENANTS	  	 	129	 
			
	 Section 8.1.
	 	 Financial Statements
	  	 	129	 
			
	 Section 8.2.
	 	 Certificates; Other Information
	  	 	130	 
			
	 Section 8.3.
	 	 Lines of Business
	  	 	132	 
			
	 Section 8.4.
	 	 Taxes
	  	 	133	 
			
	 Section 8.5.
	 	 Maintenance of Existence; Compliance with Law
	  	 	133	 
			
	 Section 8.6.
	 	 Maintenance of Property; Insurance
	  	 	133	 
			
	 Section 8.7.
	 	 Inspection of Property; Books and Records; Discussions
	  	 	133	 
			
	 Section 8.8.
	 	 Notices
	  	 	134	 
			
	 Section 8.9.
	 	 Environmental Laws
	  	 	135	 
			
	 Section 8.10.
	 	 Additional Subsidiary Guarantors
	  	 	135	 
			
	 Section 8.11.
	 	 Use of Proceeds and Letters of Credit
	  	 	135	 
			
	 Section 8.12.
	 	 Know Your Customer
	  	 	136	 
			
	 Section 8.13.
	 	 Maintenance of REIT Status; Stock Exchange Listing; Further Assurances
	  	 	136	 

  
 iv 

							
			
	 Section 8.14.
	 	 Approvals and Authorizations
	  	 	136	 
			
	 Section 8.15.
	 	 Payment of Obligations
	  	 	136	 
		
	ARTICLE IX NEGATIVE COVENANTS	  	 	137	 
			
	 Section 9.1.
	 	 Financial Covenants
	  	 	137	 
			
	 Section 9.2.
	 	 Indebtedness
	  	 	137	 
			
	 Section 9.3.
	 	 Liens
	  	 	137	 
			
	 Section 9.4.
	 	 Fundamental Changes
	  	 	138	 
			
	 Section 9.5.
	 	 Restricted Payments
	  	 	139	 
			
	 Section 9.6.
	 	 Transactions with Affiliates
	  	 	139	 
			
	 Section 9.7.
	 	 Amendments to Governing Documents
	  	 	140	 
			
	 Section 9.8.
	 	 No Further Negative Pledges
	  	 	140	 
			
	 Section 9.9.
	 	 Use of Proceeds
	  	 	141	 
			
	 Section 9.10.
	 	 Investments
	  	 	141	 
			
	 Section 9.11.
	 	 Changes in Fiscal Periods
	  	 	141	 
			
	 Section 9.12.
	 	 Asset Sales
	  	 	141	 
			
	 Section 9.13.
	 	 Environmental Matters
	  	 	141	 
			
	 Section 9.14.
	 	 Sanctions; Anti-Corruption; Anti-Money Laundering
	  	 	142	 
			
	 Section 9.15.
	 	 Change in Nature of Business
	  	 	142	 
		
	ARTICLE X EVENTS OF DEFAULT	  	 	142	 
			
	 Section 10.1.
	 	 Events of Default
	  	 	142	 
			
	 Section 10.2.
	 	 Application of Funds
	  	 	145	 
		
	ARTICLE XI THE AGENTS	  	 	146	 
			
	 Section 11.1.
	 	 Appointment
	  	 	146	 
			
	 Section 11.2.
	 	 Delegation of Duties
	  	 	147	 
			
	 Section 11.3.
	 	 Exculpatory Provisions
	  	 	147	 

  
 v 

							
			
	 Section 11.4.
	 	 Reliance by Agent
	  	 	148	 
			
	 Section 11.5.
	 	 Notice of Default
	  	 	149	 
			
	 Section 11.6.
	 	 Non-Reliance on Agents and Other Lenders
	  	 	149	 
			
	 Section 11.7.
	 	 Indemnification
	  	 	150	 
			
	 Section 11.8.
	 	 Agent in Its Individual Capacity
	  	 	150	 
			
	 Section 11.9.
	 	 Successor Agent
	  	 	151	 
			
	 Section 11.10.
	 	 Bookrunners; Lead Arrangers; Syndication Agents; Documentation Agents
	  	 	152	 
			
	 Section 11.11.
	 	 Agents May File Proofs of Claim
	  	 	152	 
			
	 Section 11.12.
	 	 Guaranty Matters
	  	 	153	 
			
	 Section 11.13.
	 	 Certain ERISA Matters
	  	 	153	 
		
	ARTICLE XII MISCELLANEOUS	  	 	155	 
			
	 Section 12.1.
	 	 Amendments and Waivers
	  	 	155	 
			
	 Section 12.2.
	 	 Notices
	  	 	158	 
			
	 Section 12.3.
	 	 No Waiver; Cumulative Remedies; Enforcement
	  	 	160	 
			
	 Section 12.4.
	 	 Survival of Representations and Warranties
	  	 	161	 
			
	 Section 12.5.
	 	 Payment of Expenses; Damages Waiver
	  	 	161	 
			
	 Section 12.6.
	 	 Successors and Assigns; Participations and Assignments
	  	 	163	 
			
	 Section 12.7.
	 	 Adjustments; Set-off; Payments Set Aside
	  	 	169	 
			
	 Section 12.8.
	 	 Counterparts
	  	 	170	 
			
	 Section 12.9.
	 	 Severability
	  	 	170	 
			
	 Section 12.10.
	 	 Integration
	  	 	171	 
			
	 Section 12.11.
	 	 GOVERNING LAW
	  	 	171	 
			
	 Section 12.12.
	 	 Submission to Jurisdiction; Waivers
	  	 	171	 
			
	 Section 12.13.
	 	 No Advisory or Fiduciary Responsibility
	  	 	172	 
			
	 Section 12.14.
	 	 Interest Rate Limitation
	  	 	172	 

  
 vi 

							
			
	 Section 12.15.
	 	 The Banking Code of Practice (Australia)
	  	 	173	 
			
	 Section 12.16.
	 	 Confidentiality
	  	 	173	 
			
	 Section 12.17.
	 	 WAIVERS OF JURY TRIAL
	  	 	174	 
			
	 Section 12.18.
	 	 Patriot Act
	  	 	174	 
			
	 Section 12.19.
	 	 Electronic Execution of Assignments and Certain Other Documents
	  	 	175	 
			
	 Section 12.20.
	 	 ENTIRE AGREEMENT
	  	 	175	 
			
	 Section 12.21.
	 	 Acknowledgement and Consent to Bail-In of Affected
Financial Institutions
	  	 	175	 
			
	 Section 12.22.
	 	 Judgment Currency
	  	 	176	 
			
	 Section 12.23.
	 	 Acknowledgement Regarding Any Supported QFCs
	  	 	176	 
			
	 Section 12.24.
	 	 Guarantors on the Closing Date
	  	 	177	 
		
	ARTICLE XIII CONTINUING GUARANTY	  	 	177	 
			
	 Section 13.1.
	 	 Guaranty
	  	 	177	 
			
	 Section 13.2.
	 	 Rights of Creditor Parties
	  	 	178	 
			
	 Section 13.3.
	 	 Certain Waivers
	  	 	178	 
			
	 Section 13.4.
	 	 Obligations Independent
	  	 	178	 
			
	 Section 13.5.
	 	 Subrogation
	  	 	179	 
			
	 Section 13.6.
	 	 Termination; Reinstatement
	  	 	179	 
			
	 Section 13.7.
	 	 Subordination
	  	 	179	 
			
	 Section 13.8.
	 	 Stay of Acceleration
	  	 	179	 
			
	 Section 13.9.
	 	 Condition of Borrowers
	  	 	179	 
			
	 Section 13.10.
	 	 Keepwell
	  	 	180	 
			
	 Section 13.11.
	 	 Termination
	  	 	180	 

  
 vii 

 SCHEDULES: 
  

			
	1.1A	  	Commitments, Applicable Percentages and Sublimits
	1.1B	  	Qualified Assets
	3.1A	  	Existing Letters of Credit
	6.13	  	Subsidiaries
	9.6	  	Transactions with Affiliates
	12.2	  	Administrative Agent’s Office; Certain Addresses for Notices

 EXHIBITS: 
  

			
	A	  	Form of Guarantee Agreement
	B	  	Form of Committed Loan Notice
	C-1	  	Form of Bid Request
	C-2	  	Form of Competitive Bid
	D	  	Form of Assignment and Assumption
	E	  	Form of Promissory Note (Term A-1 Loan)
	F	  	Form of Promissory Note (Term A-2 Loan)
	G	  	Form of Promissory Note (Revolving Credit Loan)
	H	  	Form of Designation Notice
	I	  	Form of Compliance Certificate
	J-1	  	Form of U.S. Tax Compliance Certificate – Foreign Lenders (Not Partnerships)
	J-2	  	Form of U.S. Tax Compliance Certificate – Non-U.S. Participants (Not Partnerships)
	J-3	  	Form of U.S. Tax Compliance Certificate – Non-U.S. Participants (Partnerships)
	J-4	  	Form of U.S. Tax Compliance Certificate – Foreign Lenders (Partnerships)
	K	  	Form of Designated Borrower Request and Assumption Agreement
	L	  	Form of Designated Borrower Notice
	M	  	Form of Designated Borrower Termination Notice
	N	  	Form of Prepayment Notice

  
 viii 

 CREDIT AGREEMENT (this “Agreement”), dated as of March 26, 2020, among
AMERICOLD REALTY OPERATING PARTNERSHIP, L.P., a Delaware limited partnership (the “Parent Borrower”), AMERICOLD REALTY TRUST, a Maryland real estate investment trust (the “Company”), the Designated Borrowers from
time to time parties hereto (each such Designated Borrower, together with the Parent Borrower, collectively, the “Borrowers” and each a “Borrower”), the several banks and other financial institutions from time to
time parties to this Agreement as Lenders and Letter of Credit Issuers (each as defined in Section 1.1) and BANK OF AMERICA, N.A., as administrative agent. 

The parties hereto hereby agree as follows: 

ARTICLE I 
 DEFINITIONS

 Section 1.1. Defined Terms. As used in this Agreement, the terms listed in this Section 1.1
shall have the respective meanings set forth in this Section 1.1. 
 “Absolute Rate”: a fixed rate
of interest expressed in multiples of 1/100th of one basis point. 
 “Absolute Rate Loan”: a Bid Loan that bears interest
at a rate determined with reference to an Absolute Rate. 
 “Additional TL Tranche”: as defined in
Section 2.14(a). 
 “Additional TL Tranche Documents”: with respect to any Additional TL Tranche,
each agreement, instrument and other document evidencing, securing, guaranteeing, or otherwise relating to such Additional TL Tranche, including any applicable Joinder Agreement. 

“Administrative Agent”: Bank of America, as the administrative agent for the Lenders and the Letter of Credit Issuers under
this Agreement and the other Loan Documents, together with any of its successors. 
 “Administrative Agent’s Office”:
with respect to any currency, the Administrative Agent’s address and, as appropriate, account as set forth on Schedule 12.2 with respect to such currency, or such other address or account with respect to such currency as the
Administrative Agent may from time to time notify to the Parent Borrower and the Lenders. 
 “Administrative
Questionnaire”: an Administrative Questionnaire in a form approved by the Administrative Agent. 
 “Affected Financial
Institution”: (a) any EEA Financial Institution or (b) any UK Financial Institution. 
 “Affiliate”: as to
any Person, any other Person that, directly or indirectly, is in control of, is controlled by, or is under common control with, such Person. For purposes of this definition, “control” of a Person means the possession, directly or
indirectly, of the power to direct or cause the direction of management and policies of a Person, whether through ownership of voting securities, by contract or otherwise. The terms “controlling” and “controlled” have meanings
correlative thereto. 

 “Agent Indemnitee”: as defined in Section 11.7.

 “Agents”: the collective reference to the Administrative Agent, the Syndication Agents and the Documentation Agents.

 “Agreement”: as defined in the preamble hereto. 

“Alternative Currency”: each of the following currencies: Euro, Sterling, Australian Dollars, New Zealand Dollars and
Canadian Dollars, together with each other currency (other than Dollars) that is approved in accordance with Section 1.10. 

“Alternative Currency Commitment”: as to each Revolving Credit Lender, its obligation to make Revolving Credit Loans to the
Borrowers pursuant to Section 2.1(b)(ii) in Dollars and Alternative Currencies in an aggregate amount not to exceed the Dollar Equivalent of the Dollar amount set forth opposite such Lender’s name on Schedule
1.1A under the caption “Alternative Currency Commitment” or in the Assignment and Assumption or Joinder Agreement pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in
accordance with this Agreement. 
 “Alternative Currency Equivalent”: at any time, with respect to any amount denominated
in Dollars, the equivalent amount thereof in the applicable Alternative Currency as determined by the Administrative Agent or the applicable Letter of Credit Issuer, as the case may be, at such time on the basis of the Spot Rate (determined in
respect of the most recent Revaluation Date) for the purchase of such Alternative Currency with Dollars. 
 “Alternative Currency
Tranche”: the sum of the Alternative Currency Commitments of all the Lenders. On the Closing Date, the amount of the Alternative Currency Tranche is equal to $400,000,000. 

“Alternative Currency Tranche Lender”: at any time, any Lender that has an Alternative Currency Commitment at such time or an
outstanding Alternative Currency Tranche Loan. 
 “Alternative Currency Tranche Loan”: as defined in
Section 2.1(b)(ii). 
 “Anti-Corruption Laws”: the United States Foreign Corrupt Practices Act of
1977 and all laws, rules and regulations of any other jurisdiction applicable to the Company, the Parent Borrower or their respective Subsidiaries concerning or relating to bribery or corruption. 

“Anti-Terrorism Laws”: any Requirement of Law related to terrorism financing, economic sanctions or money laundering,
including: 18 U.S.C. §§ 1956 and 1957; The Currency and Foreign Transactions Reporting Act (also known as the “Bank Secrecy Act”, 31 U.S.C. §§ 5311-5332 and 12 U.S.C. §§ 1818(s), 1820b and 1951-1959), as
amended by the Patriot Act, and their implementing regulations; the Trading With the Enemy Act (50 U.S.C. § 1 et seq., as amended), the International Emergency Economic Powers Act (50 U.S.C. § 1701 et seq., as amended) and Executive Order
13224 (effective September 24, 2001), and their implementing regulations. 

  
 2 

 “Applicable EBITDA”: with respect to any Real Property that is owned or
ground leased by the Parent Borrower or any Subsidiary and used in a business permitted under Section 8.3, as of any date of determination, an amount equal to the portion of EBITDA attributable to such Real Property for the
most recently ended Reference Period. 
 “Applicable Margin”: for any day, 

(a) with respect to any Eurocurrency Committed Loan, Base Rate Loan, and Letter of Credit Fee, as the case may be, the applicable rate per
annum set forth in the pricing grid below, based upon such Debt Ratings as set forth below applicable on such date: 
  

																			
	 	  	 	  	Total Revolving Credit
Commitment	 	 	Term Loan Facility	 
	 Pricing Level
	  	 Debt Ratings

(S&P and Fitch /

Moody’s):
	  	Applicable
Margin for
Eurocurrency
Committed
Loans and
LIBOR
Floating Rate
Loans
(and Letters
of Credit)	 	 	Applicable
Margin for Base
Rate	 	 	Applicable
Margin or
Eurocurrency
Committed
Loans and
LIBOR
Floating Rate
Loans	 	 	Applicable
Margin
for Base
Rate	 
	 Category 1
	  	3 A- / A3	  	 	0.725	% 	 	 	0.000	% 	 	 	0.800	% 	 	 	0.000	% 
	 Category 2
	  	BBB+ / Baa1	  	 	0.775	% 	 	 	0.000	% 	 	 	0.850	% 	 	 	0.000	% 
	 Category 3
	  	BBB / Baa2	  	 	0.850	% 	 	 	0.000	% 	 	 	0.950	% 	 	 	0.000	% 
	 Category 4
	  	BBB- / Baa3	  	 	1.050	% 	 	 	0.050	% 	 	 	1.200	% 	 	 	0.200	% 
	 Category 5
	  	< BBB- / Baa3 (or unrated)	  	 	1.400	% 	 	 	0.400	% 	 	 	1.600	% 	 	 	0.600	% 

 For purposes hereof, “Debt Rating” means, as of any date of determination, the rating as determined by
S&P, Moody’s and/or Fitch of the Parent Borrower’s non-credit enhanced, senior unsecured long-term debt; provided that (x) if at any time the Parent Borrower has three (3) Debt
Ratings, and such Debt Ratings are not equivalent, then: (A) if the difference between the highest and the lowest such Debt Ratings is one ratings category (e.g. Baa2 by Moody’s and BBB- by S&P
or Fitch), the Applicable Margins shall be determined based on the highest of the Debt Ratings and (B) if the difference between such Debt Ratings is two ratings categories (e.g., Baa1 by Moody’s and
BBB- by S&P or Fitch) or more, the Applicable Margins shall be determined based on the Debt Rating that is one lower than the highest of the applicable Debt Ratings; (y) if at any time the Parent
Borrower has two (2) Debt Ratings, and such Debt Ratings are not equivalent, then: (A) if the difference between such Debt Ratings is one ratings category (e.g. Baa2 by Moody’s and BBB- by
S&P or Fitch), the Applicable Margins shall be determined based on the higher of the Debt Ratings; and (B) if the difference between such Debt Ratings is two ratings 

  
 3 

 
categories (e.g. Baa1 by Moody’s and BBB- by S&P or Fitch) or more, the Applicable Margins shall be determined based on the Debt Rating that is
one lower than the higher of the applicable Debt Ratings. If at any time the Parent Borrower has no Debt Rating from either S&P or Moody’s, then the Applicable Margins shall be at Pricing Level Category 5. 

Initially, the Applicable Margin shall be determined based upon the Debt Ratings specified in the certificate delivered pursuant to
Section 7.1(k). Thereafter, each change in the Applicable Margin resulting from a publicly announced change in a Debt Rating shall be effective, in the case of an upgrade, during the period commencing on the date of
delivery by the Parent Borrower to the Administrative Agent of notice thereof pursuant to Section 8.8(i) and ending on the date immediately preceding the effective date of the next such change and, in the case of a
downgrade, during the period commencing on the date of the public announcement thereof and ending on the date immediately preceding the effective date of the next such change. 

(b) with respect to any Additional TL Tranche, the applicable rate per annum in effect at such time with respect to such Additional TL Tranche
as agreed by the Parent Borrower, the Administrative Agent and the Lenders participating in such Additional TL Tranche in the Additional TL Tranche Documents with respect to such Additional TL Tranche; provided that such applicable rate shall
be subject to the two preceding paragraphs. 
 “Applicable Percentage” (a) in respect of the Total Revolving Credit
Commitment (including with respect to matters relating to Alternative Currency Commitments, Alternative Currency Tranche Loans, Dollar Tranche Commitments and Dollar Tranche Loans), with respect to any Revolving Credit Lender at any time, such
Lender’s applicable Revolving Credit Commitment Percentage, (b) in respect of the Term A-1 Loan Facility, with respect to any Term A-1 Lender at any time, a
fraction (expressed as a percentage, carried out to the ninth decimal place), the numerator of which is such Lender’s Term A-1 Loans at such time and the denominator of which is the amount of the Term A-1 Loan Facility at such time, and (c) in respect of the Term A-2 Loan Facility, with respect to any Term A-2 Lender at any time,
a fraction (expressed as a percentage, carried out to the ninth decimal place), the numerator of which is such Lender’s Term A-2 Loans at such time and the denominator of which is the amount of the Term A-2 Loan Facility at such time, subject in each case, to adjustment as provided in Section 2.1. The initial Applicable Percentages of each Lender are set forth opposite the name of such
Lender on Schedule 1.1A or in the Assignment and Assumption or Joinder Agreement pursuant to which such Lender becomes a party hereto, as applicable. 

“Applicable Time”: with respect to any borrowings and payments in any Alternative Currency, the local time in the place of
settlement for such Alternative Currency as may be determined by the Administrative Agent or the applicable Letter of Credit Issuer, as the case may be, to be necessary for timely settlement on the relevant date in accordance with normal banking
procedures in the place of payment. 
 “Approved Electronic Communications”: any notice, demand, communication,
information, document or other material provided by or on behalf of any Loan Party to the Administrative Agent pursuant to any Loan Document or the transactions contemplated therein which is distributed to Lenders by means of electronic
communications pursuant to Section 12.2(b). 

  
 4 

 “Applicant Borrower”: as defined in Section 2.18.

 “Approved Fund”: as defined in Section 12.6(b). 

“Assignee”: as defined in Section 12.6(b). 

“Assignment and Assumption”: an Assignment and Assumption, substantially in the form of Exhibit D or any other form
(including electronic documentation generated by use of an electronic platform) approved by the Administrative Agent. 
 “Australian
Corporations Act”: the Corporations Act 2001 (Cth) (Australia). 
 “Australian Dollars” and “AU$”
mean the lawful currency of the Commonwealth of Australia. 
 “Available Alternative Currency Commitment”: an amount equal
to the excess, if any, of (i) the amount of the Alternative Currency Tranche over (ii) the sum of the Outstanding Amount of all Alternative Currency Tranche Loans, subject to adjustment as provided in
Section 2.16. 
 “Available Dollar Tranche Commitment”: an amount equal to the excess, if any, of
(i) the amount of the Dollar Tranche over (ii) the sum of the Outstanding Amount of (a) all Dollar Tranche Loans and (b) all L/C Obligations at such time, subject to adjustment as provided in
Section 2.16. 
 “Availability Period”: the period from and including the Closing Date to the
earliest of (a) the Revolving Loan Maturity Date, (b) the date of termination of the Total Revolving Credit Commitments pursuant to Section 4.2, and (c) the date of termination of the commitment of each
Revolving Credit Lender to make Revolving Credit Loans and of the obligation of the Letter of Credit Issuers to make L/C Credit Extensions pursuant to Section 10.l. 

“Bail-In Action”: the exercise of any Write-Down and Conversion Powers by the
applicable Resolution Authority in respect of any liability of an Affected Financial Institution. 

“Bail-In Legislation”: (a) with respect to any EEA Member Country implementing
Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law, rule, regulation or requirement for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the
United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (other than through liquidation, administration or other insolvency proceedings). 

“Bank of America”: Bank of America, N.A. and its successors. 

“Bankruptcy Code”: the provisions of Title 11 of the United States Code, 11 USC §§ 101 et seq., as amended, or any
similar federal or state law for the relief of debtors. 

  
 5 

 “Base Rate”: for any day a fluctuating rate per annum equal to the highest
of (a) the Federal Funds Rate plus 1/2 of 1%, (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its “prime rate,” and (c) the Eurocurrency Rate plus 1.00%. The
“prime rate” is a rate set by Bank of America based upon various factors including Bank of America’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans,
which may be priced at, above, or below such announced rate. Any change in such prime rate announced by Bank of America shall take effect at the opening of business on the day specified in the public announcement of such change. 

“Base Rate Loan”: a Loan that bears interest based on the Base Rate. All Base Rate Loans shall be denominated in Dollars.

 “Beneficial Ownership Regulation”: 31 C.F.R. § 1010.230. 

“Benefit Plan”: any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of
ERISA, (b) a “plan” as defined in Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the
assets of any such “employee benefit plan” or “plan”. 
 “Benefitted Lender”: as defined in
Section 12.7(a). 
 “Bid Borrowing”: a borrowing consisting of simultaneous Bid Loans of the same
Type from each of the Revolving Credit Lenders whose offer to make one or more Bid Loans as part of such borrowing has been accepted under the auction bidding procedures described in Section 2.3. 

“Bid Loan”: as defined in Section 2.3(a). 

“Bid Loan Lender”: in respect of any Bid Loan, the Lender making such Bid Loan to the Borrower. 

“Bid Loan Sublimit”: an amount equal to 50% of the Total Revolving Credit Commitments. The Bid Loan Sublimit is part of, and
not in addition to, the Total Revolving Credit Commitments. 
 “Bid Request”: a written request for one or more Bid Loans
substantially in the form of Exhibit C-1. 
 “Board”: the Board of Governors
of the Federal Reserve System of the United States (or any successor). 
 “Bookrunners”: the collective reference to BofA
Securities, Inc., JPMorgan Chase Bank, N.A., Citibank, N.A. and Royal Bank of Canada, each in their capacity as a joint bookrunner for the credit facilities under this Agreement. 

“Borrower” and “Borrowers”: as defined in the preamble hereto. 

“Borrower Materials” as defined in Section 8.2. 

  
 6 

 “Borrowing”: (a) ) Revolving Credit Loans or Term Loans of the same Class,
Type and Tranche, and in the same currency, made, converted or continued on the same date and, in the case of Eurocurrency Committed Loans, as to which a single Interest Period is in effect or (b) a Bid Borrowing, as the context may require.

 “Business”: as defined in Section 6.15(b). 

“Business Day”: a day other than a Saturday, Sunday or other day on which commercial banks are authorized or required to
close under the laws of, or are in fact closed in, New York City or in the state where the Administrative Agent’s Office with respect to Obligations denominated in Dollars is located and: 

(a) if such day relates to any interest rate settings as to a Eurocurrency Loan denominated in Dollars or any LIBOR Floating Rate Loan, any
fundings, disbursements, settlements and payments in Dollars in respect of any such Eurocurrency Loan or any LIBOR Floating Rate Loan, or any other dealings in Dollars to be carried out pursuant to this Agreement in respect of any such Eurocurrency
Loan or any LIBOR Floating Rate Loan, any such day that is also a London Banking Day; 
 (b) if such day relates to any interest rate
settings as to a Eurocurrency Loan denominated in Euro, any fundings, disbursements, settlements and payments in Euro in respect of any such Eurocurrency Loan, or any other dealings in Euro to be carried out pursuant to this Agreement in respect of
any such Eurocurrency Loan, a TARGET Day; 
 (c) if such day relates to any interest rate settings as to a Eurocurrency Loan denominated in a
currency other than Dollars or Euro, any such day on which dealings in deposits in the relevant currency are conducted by and between banks in the London or other applicable offshore interbank market for such currency; and 

(d) if such day relates to any fundings, disbursements, settlements and payments in a currency other than Dollars or Euro in respect of a
Eurocurrency Loan denominated in a currency other than Dollars or Euro, or any other dealings in any currency other than Dollars or Euro to be carried out pursuant to this Agreement in respect of any such Eurocurrency Loan (other than any interest
rate settings), any such day on which banks are open for foreign exchange business in the principal financial center of the country of such currency. 

“Canadian Dollars” and “C$” mean the lawful currency of Canada. 

“Capital Assets”: with respect to any Person, all equipment, fixed assets and Real Property or improvements of such Person,
or replacements or substitutions therefor or additions thereto, that in accordance with GAAP have been or should be reflected as additions to property, plant or equipment on the balance sheet of such Person. 

“Capital Lease”: as defined in the definition of “Capital Lease Obligations”. 

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

  
 7 

 “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) and any and all warrants, rights or options to purchase any of the foregoing. 

“Capitalization Rate”: 7.50%. 

“Cash”: money, currency or a credit balance in any demand or deposit account. 

“Cash Collateralize”: to pledge and deposit with or deliver to the Administrative Agent, for the benefit of one or more of
the Letter of Credit Issuers or the Lenders, as collateral for L/C Obligations or obligations of the Lenders to fund participations in respect of L/C Obligations, cash or deposit account balances or, if the Administrative Agent and a Letter of
Credit Issuer shall agree in their sole discretion, other credit support, in each case, pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent and such Letter of Credit Issuer. “Cash
Collateral” shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support. 

“Cash Equivalents”: (a) marketable direct obligations issued by, or unconditionally guaranteed by, the United States
Government or issued by any agency thereof and backed by the full faith and credit of the United States, in each case maturing within one year from the date of acquisition; (b) certificates of deposit, time deposits and bankers’
acceptances having maturities of 180 days or less from the date of acquisition issued by any commercial bank organized under the laws of the United States or any state thereof having combined capital and surplus and undivided profits of not less
than $500,000,000; (c) commercial paper of an issuer maturing within 270 days from the date of acquisition and having, at such date of acquisition, the highest credit rating obtainable from S&P or Moody’s; and (d) fully collateralized
repurchase obligations of any Lender or of any commercial bank satisfying the requirements of clause (b) of this definition, having a term of not more than 30 days, with respect to securities described in clause (a) above; or
(e) money market funds that (x) comply with the criteria set forth in SEC Rule 2a-7 under the Investment Company Act of 1940, as amended, (y) are rated AAA by S&P and Aaa by Moody’s and
(z) have portfolio assets of at least $5,000,000,000. 
 “Cash Management Agreement”: any agreement or arrangement to
provide Cash Management Services. 
 “Cash Management Bank”: with respect to any Cash Management Agreement with the Parent
Borrower or any of its Subsidiaries, any provider of Cash Management Services thereunder that (a) is the Administrative Agent, a Bookrunner, a Lead Arranger or an Affiliate of the foregoing, (b) at the time it entered into such Cash
Management Agreement, was the Administrative Agent, a Bookrunner, a Lead Arranger, a Lender or an Affiliate of the foregoing, (c) with respect to any such Cash Management Agreement entered into on or prior to the Closing Date, is a Lender or an
Affiliate of a Lender on the Closing Date and (d) with respect to any such Cash Management Agreement entered into after the Closing Date, is a Lender or an Affiliate of a Lender at the time such Cash Management Agreement is entered into, in
each case, in its capacity as a party to such Cash Management Agreement. 

  
 8 

 “Cash Management Services”: the treasury management services (including
controlled disbursements, zero balance arrangements, cash sweeps, automated clearinghouse transactions, return items, overdrafts, temporary advances, interest and fees and interstate depository network services), commercial credit cards, merchant
card services, purchase or debit cards, including non-card e-payable services, or electronic funds transfer services and any other demand deposit or operating account
relationship service provided to the Parent Borrower or any of its Subsidiaries. 
 “Change in Law”: 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 or in the implementation thereof and (y) all
requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States 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, implemented, issued or implemented. 

“Change of Control”: the occurrence of any of the following events: (a) any “person” or “group” (as
such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934) becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5
under the Securities Exchange Act of 1934), directly or indirectly, of 35% or more of the outstanding equity securities of the Company entitled to vote for members of the board of directors or equivalent governing body of the Company; (b)
[reserved]; (c) the Company shall cease to be the sole general partner of the Parent Borrower, or any Persons other than the Company shall own, directly or indirectly, free of any Liens, encumbrances or adverse claims, Capital Stock of the Parent
Borrower that, if exchanged for Capital Stock of the Company, would result in a Change of Control under clause (a) above; (d) the Parent Borrower shall fail to own, directly or indirectly, free of any Liens, encumbrances or adverse
claims, 100% of the Capital Stock of each Subsidiary Guarantor, Qualified Asset Owner and Designated Borrower (except, in each case, as otherwise expressly permitted by this Agreement); or (e) occupation of a majority of the seats (other than
vacant seats) on the board of trustees of the Company by Persons who were neither (x) nominated by the board of trustees of the Company nor (y) appointed by directors so nominated. 

“Charges”: as defined in Section 12.14. 

“Class”: (i) when used in reference to any Loan or Borrowing, shall refer to whether such Loan, or the Loans comprising such
Borrowing, are Revolving Credit Loans, Term A-1 Loans, Term A-2 Loans, Bid Loans or term loans under an Additional TL Tranche, and (ii) when used in reference to
any Lender, refers to whether such Lender has a Loan or Commitment of such Class. 

  
 9 

 “Closing Date”: the date on which the conditions precedent set forth in
Section 7.1 shall have been satisfied or waived in accordance with Section 12.1, which date is March 26, 2020. 

“CMBS Financing”: any loans or notes incurred by or issued to certain Subsidiaries of the Parent Borrower as borrowers under
commercial mortgage-backed securities financing transactions from time to time. 
 “Code”: the Internal Revenue Code of
1986. 
 “Commitments”: with respect to each Lender (to the extent applicable), such Lender’s Revolving Credit
Commitment, Term A-1 Commitment or Term A-2 Commitment. 

“Committed Loan Notice”: a notice of a (a) Borrowing of Term Loans or Revolving Credit Loans, (b) conversion of
Term Loans or Revolving Credit Loans from one Type to another, or (c) continuation of Eurocurrency Committed Loans, pursuant to Section 2.2(a), which shall be substantially in the form of Exhibit G-1 or such other form as may be reasonably approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent),
appropriately completed and signed by a Responsible Officer of the Parent Borrower. 
 “Commodity Exchange Act”: the
Commodity Exchange Act (7 U.S.C. § 1 et seq.). 
 “Company”: as defined in the preamble hereto. 

“Competitive Bid”: a written offer by a Revolving Credit Lender to make one or more Bid Loans, substantially in the form of
Exhibit C-2, duly completed and signed by a Revolving Credit Lender. 
 “Compliance
Certificate”: a certificate substantially in the form of Exhibit I. 
 “Connection Income Taxes”: Other
Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes. 

“Consolidated Secured Indebtedness”: at any time, Secured Indebtedness of the Company and its Subsidiaries on a consolidated
basis. 
 “Contractual Obligation”: as to any Person, any provision of any security issued by such Person or of any legally
binding contract, agreement, indenture, note, bond, loan, instrument, lease, conditional sales contract, mortgage, license, franchise agreement, binding commitment or other arrangement, whether written or oral, to which such Person is a party or by
which it or any of its property is bound other than the Obligations. 
 “Controller”: as defined in section 9 of the
Australian Corporations Act. 
 “Creditor Parties”: collectively, the Bookrunners, the Lead Arrangers, the Administrative
Agent, the Letter of Credit Issuers, the Lenders, the Qualified Counterparties that are party to Specified Swap Agreements, the Cash Management Banks that are party to Specified Cash Management Agreements, and the successors and permitted assigns of
each of the foregoing. 

  
 10 

 “Customary Non-Recourse
Carve-Outs”: with respect to any Non-Recourse Indebtedness, exclusions from the exculpation provisions with respect to such Non-Recourse Indebtedness for fraud,
misrepresentation, misapplication of funds, waste, environmental claims and liabilities, voluntary bankruptcy, collusive involuntary bankruptcy, prohibited transfers, violations of single purpose entity covenants and other circumstances customarily
excluded by institutional lenders from exculpation provisions and/or included in separate indemnification agreements or guaranties in non-recourse or tax-exempt
financings of commercial real estate. 
 “Debt Rating”: as defined in the definition of “Applicable Margin”. 

“Debtor Relief Laws”: the Bankruptcy Code, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit
of creditors, moratorium, rearrangement, receivership, administration, insolvency, reorganization, or similar debtor relief laws of the United States of America or other applicable jurisdictions from time to time in effect. 

“Default”: any of the events specified in Section 10.1, whether or not any requirement for the
giving of notice, the lapse of time, or both, in each case, as set forth in such section, has been satisfied. 
 “Defaulting
Lender”: subject to Section 2.16(b), any Lender that (a) has failed to (i) fund all or any portion of its Loans within two Business Days of the date such Loans were required to be funded hereunder, or
(ii) pay to the Administrative Agent, any Letter of Credit Issuer or any other Lender any other amount required to be paid by it hereunder (including in respect of its participation in Letters of Credit) within two Business Days of the date
when due, (b) has notified the Parent Borrower, the Administrative Agent or any Letter of Credit Issuer in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect,
(c) has failed, within three Business Days after written request by the Administrative Agent or the Parent Borrower, to confirm in writing to the Administrative Agent and the Parent Borrower that it will comply with its prospective funding
obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the Administrative Agent and the Parent Borrower), or (d) has, or
has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law, (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, Controller, assignee for the
benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity, or
(iii) become the subject of a Bail-In Action; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any Capital Stock in that Lender or any
direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of
judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative Agent that a
Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above, and of the effective date of such status, shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a
Defaulting Lender (subject to Section 2.16(b)) as of the date established therefor by the Administrative Agent in a written notice of such determination, which shall be delivered by the Administrative Agent to the Parent
Borrower, each Letter of Credit Issuer and each other Lender promptly following such determination. 

  
 11 

 “Default Rate”: as defined in Section 2.8(c).

 “Designated Borrower”: any Wholly-Owned Subsidiary that becomes party to this Agreement on the Closing Date or pursuant
to Section 2.18, in each case to the extent such Subsidiary’s status as a Designated Borrower has not been terminated in accordance with Section 2.18(e). 

“Designated Borrower Notice”: as defined in Section 2.18. 

“Designated Borrower Request and Assumption Agreement”: as defined in Section 2.18. 

“Designation Notice”: a notice substantially in the form of Exhibit H from a Lender or an Affiliate of a Lender to the
Administrative Agent asserting that such Lender or Affiliate is a Qualified Counterparty or a Cash Management Bank. 
 “Development
Property”: as of any date of determination, Real Property under development on which the improvements related to the development have not been completed on such date; provided that such Real Property shall cease to be a Development
Property, and shall thereafter be considered a “Stabilized Property”, upon the first to occur of (a) the date that is six full fiscal quarters following substantial completion (including issuance of a temporary or permanent
certificate of occupancy for the improvements under construction permitting the use and occupancy for their regular intended uses) of such Real Property, and (b) the first day of the first fiscal quarter following the date on which such
Development Property has achieved a Leased Rate of at least 85%. 
 “Direct Owner”: has the meaning specified in the
definition of “Subsidiary Guarantor”. 
 “Disposition”: with respect to any business, assets or property of any
kind of the Company or any of its Subsidiaries, any sale, lease, sub-lease, sale and leaseback, assignment, conveyance, transfer, exclusive license or other disposition (in one transaction or in a series of
transactions and whether effected pursuant to a Division or otherwise) or exchange thereof, with or without recourse. The terms “Dispose” and “Disposed of” shall have correlative meanings. 

“Disregarded Domestic Person”: any direct or indirect Domestic Subsidiary that has no material assets other than (i) the
equity or indebtedness of one or more Foreign Subsidiaries and/or other Disregarded Domestic Persons and (ii) an immaterial amount of Cash and Cash Equivalents. 

“Dividing Person” has the meaning assigned to it in the definition of “Division.” 

“Division” means the division of the assets, liabilities and/or obligations of a Person (the “Dividing
Person”) among two or more Persons (whether pursuant to a “plan of division” or similar arrangement), which may or may not include the Dividing Person and pursuant to which the Dividing Person may or may not survive. 

  
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 “Division Successor” means any Person that, upon the consummation of a
Division of a Dividing Person, holds all or any portion of the assets, liabilities and/or obligations previously held by such Dividing Person immediately prior to the consummation of such Division. A Dividing Person which retains any of its assets,
liabilities and/or obligations after a Division shall be deemed a Division Successor upon the occurrence of such Division. 

“Documentation Agents”: BBVA USA, Citizens Bank, National Association, Goldman Sachs Lending Partners LLC, Morgan Stanley
Senior Funding, Inc., Regions Bank and U.S. Bank National Association, each in its capacity as a documentation agent under this Agreement. 

“Dollar Tranche”: the sum of the Dollar Tranche Commitments of all the Lenders. On the Closing Date, the amount of the Dollar
Tranche is equal to $400,000,000. 
 “Dollar Tranche Commitment”: as to each Revolving Credit Lender, its obligation to
(a) make Revolving Credit Loans to the Borrowers pursuant to Section 2.1(b)(i) in Dollars and (b) purchase participations in L/C Obligations, in an aggregate principal amount at any one time outstanding not to
exceed the Dollar amount set forth opposite such Lender’s name on Schedule 1.1A under the caption “Dollar Tranche Commitment” or in the Assignment and Assumption or Joinder Agreement pursuant to which such Lender becomes a
party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. 
 “Dollar Tranche
Exposure”: with respect to any Lender at any time, the sum of the aggregate Outstanding Amount of (a) all Dollar Tranche Loans of such Lender at such time and (b) such Lender’s Letter of Credit Exposure at such time. 

“Dollar Tranche Lender”: at any time, any Lender that has a Dollar Tranche Commitment at such time or an outstanding Dollar
Tranche Loan. 
 “Dollar Tranche Loan”: as defined in Section 2.1(b)(i). 

“Dollars” and “$”: dollars in lawful currency of the United States. 

“Dollar Equivalent”: at any time, (a) with respect to any amount denominated in Dollars, such amount, and (b) with
respect to any amount denominated in any Alternative Currency, the equivalent amount thereof in Dollars as determined by the Administrative Agent or the applicable Letter of Credit Issuer, as the case may be, at such time on the basis of the Spot
Rate (determined in respect of the most recent Revaluation Date) for the purchase of Dollars with such Alternative Currency. 

“Domestic Subsidiary”: any Subsidiary that is not a Foreign Subsidiary. 

“EBITDA”: with respect to the Company and its consolidated Subsidiaries, for any Reference Period, earnings before interest,
tax, depreciation, depletion and amortization calculated in accordance with GAAP, as may be adjusted in accordance with the definition of “Pro Forma Basis” and at all times excluding, without duplication, (i) impairment and other non-cash charges or gains including, for the avoidance of doubt, equity in earnings (but excluding any non-cash charge in respect of an item that was included in EBITDA in a
prior period and any charges that result in a write-down or write-off of inventory and excluding amortization expense attributable to 

  
 13 

 
a prepaid cash item that was paid in a prior period), (ii) stock-based compensation expense, (iii) gains or losses from sales of previously depreciated assets, (iv) extraordinary gains
or losses from foreign exchange, (v) extraordinary gains or losses from derivative instruments and (vi) other extraordinary or non-recurring gains, losses or charges; provided, however,
that notwithstanding anything to the contrary in this Agreement, for the purposes of determining the contribution to EBITDA of, or portion of EBITDA attributable to, any Real Property, any operating asset or any business managed or operated by the
Parent Borrower or any Subsidiary thereof, (1) EBITDA shall equal revenues in respect of such asset, less, without duplication, (A) operating expenses in respect of such asset (exclusive of corporate-level general and administrative
expenses, impairment on intangibles and long-lived assets and depreciation, depletion and amortization expenses), (B) rent expenses in respect of such asset, and (C) the interest component of any capital lease expenses or similar fixed charges
and debt service charges in respect of such asset, and shall at all times exclude extraordinary or non-recurring gains, losses or charges and (2) solely for purposes of calculating Total Asset Value and
Unencumbered Asset Value, in no event shall EBITDA of any such Real Property, operating asset or business determined pursuant to clause (1) be less than zero. 

“EEA Financial Institution”: (a) any credit institution or investment firm established in any EEA Member Country which is
subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution
established in an EEA Member Country which is a Subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent. 

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

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

“Eligibility Criteria”: Ground Leased Asset Eligibility Criteria or Owned Asset Eligibility Criteria, as applicable. 

“Eligible Ground Leased Assets”: any Real Property that satisfies the following criteria (collectively, the “Ground
Leased Asset Eligibility Criteria”): 
 (a) One hundred percent (100%) of such Real Property is ground leased directly or indirectly
by one or more Qualified Asset Owners, and each Direct Owner and Indirect Owner with respect to such Real Property is a Qualified Asset Owner. 

(b) Such Real Property is a Stabilized Property or a Development Property located in the United States or another Specified Jurisdiction. 

(c) Such Real Property (other than any Real Property that constitutes a Development Property) is improved with one or more completed
warehouse/distribution buildings that are used as dry and/or cold storage facilities and such improvements are owned by a Qualified Asset Owner with respect to such Real Property. 

  
 14 

 (d) None of such leasehold interest or such improvements is directly or indirectly subject
to any Lien or any Negative Pledge (other than (i) Liens and Negative Pledges created under the Loan Documents, (ii) Permitted Pari Passu Provisions and (iii) Permitted Encumbrances) and none of the Capital Stock of any Qualified
Asset Owner with respect to such Real Property (or, in each case, any income therefrom or proceeds thereof) is directly or indirectly subject to any Lien or any Negative Pledge (other than (A) Permitted Pari Passu Provisions and
(B) Permitted Equity Encumbrances). 
 (e) No default or event of default has occurred or with the passage of time or the giving of
notice would occur under the ground lease regarding such Real Property. 
 (f) The lessor under the ground lease regarding such Real Property
shall not have the unilateral right to terminate such ground lease prior to the expiration of the stated term of such ground lease absent the occurrence of any casualty, condemnation or default thereunder by any Qualified Asset Owner with respect to
such Real Property. 
 (g) The lessee under the ground lease has the right to sublease, mortgage and encumber (subject to customary terms and
limitations) its interest in such Real Property without the consent of the lessor. 
 (h) The ground lease regarding such Real Property has a
remaining term (inclusive of any unexercised extension options as to which there is no condition precedent to the exercise thereof other than compliance of lessee with the terms of the applicable ground lease and the giving of a notice of exercise
by the lessee) of 25 years or more at any time. 
 (i) Such Real Property is free of any material defects and any material Environmental
Liabilities and is in material compliance with all Environmental Laws. 
 (j) Such Real Property is used in a business permitted under
Section 8.3. 
 For the avoidance of doubt, at any time that a Real Property does not satisfy each of the Ground Leased Asset
Eligibility Criteria, such Real Property shall not constitute an Eligible Ground Leased Asset. 
 “Eligible Owned Asset”:
any Real Property that satisfies the following criteria (collectively, the “Owned Asset Eligibility Criteria”): 
 (a) One
hundred percent (100%) of such Real Property is owned in fee simple by one or more Qualified Asset Owners, and each Direct Owner and Indirect Owner with respect to such Real Property is a Qualified Asset Owner. 

(b) Such Real Property is a Stabilized Property or a Development Property located in the United States or another Specified Jurisdiction. 

(c) Such Real Property is free of any material defects and any material Environmental Liabilities and is in material compliance with all
Environmental Laws. 

  
 15 

 (d) Such Real Property (other than any Real Property that constitutes a Development
Property) is improved with one or more completed warehouse/distribution buildings that are used as dry and/or cold storage facilities. 
 (e)
Such Real Property (and any income therefrom or proceeds thereof) is not directly or indirectly subject to any Lien or any Negative Pledge (other than (i) Liens and Negative Pledges created under the Loan Documents, (ii) Permitted Pari
Passu Provisions and (iii) Permitted Encumbrances) and none of the Capital Stock of any applicable Designated Borrower or Qualified Asset Owner (or, in each case, any income therefrom or proceeds thereof) is directly or indirectly subject to
any Lien or any Negative Pledge (other than (A) Permitted Pari Passu Provisions and (B) Permitted Equity Encumbrances). 
 (f) Such
Real Property is used in a business permitted under Section 8.3. 
 For the avoidance of doubt, at any time that a Real Property
does not satisfy each of the Owned Asset Eligibility Criteria, such Real Property shall not constitute an Eligible Owned Asset. 

“Eligible Value”: as of any date of determination, with respect to each Real Property that is owned or ground leased by the
Parent Borrower or any Subsidiary and used in a business permitted under Section 8.3, (i) the Applicable EBITDA with respect to such Real Property divided by (ii) the Capitalization Rate. 

“Environmental Laws”: any and all foreign, Federal, state, local or municipal laws, rules, orders, regulations, statutes,
ordinances, codes, decrees, judgments, notices or binding agreements issued by or entered into with any Governmental Authority, requirements of any Governmental Authority or other Requirements of Law (including common law) regulating, relating to or
imposing liability or standards of conduct concerning pollution, air emissions, the management, use or Release of Materials of Environmental Concern or protection of human health (to the extent such relates to Materials of Environmental Concern) or
the environment, as now or may at any time hereafter be in effect. 
 “Environmental Liability”: all liabilities,
obligations, damages, losses, claims, actions, suits, judgments, orders, fines, penalties, fees, expenses and costs (including administrative oversight costs, natural resource damages, monitoring and remediation costs and reasonable fees and
expenses of attorneys and consultants), whether contingent or otherwise, including those arising out of or relating to: (a) compliance or non-compliance with any Environmental Law, (b) the
generation, use, handling, transportation, storage, treatment, recycling, disposal (or arrangement for such activities) of any Materials of Environmental Concern, (c) exposure to any Materials of Environmental Concern, (d) the presence or
release of any Materials of Environmental Concern or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 

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

“ERISA Affiliate”: any trade or business (whether or not incorporated) that, together with any Group Member, is treated as a
single employer under Section 414(b) or (c) of the Code (and Sections 414(m) and (o) of the Code for purposes relating to Section 412 of the Code). 

  
 16 

 “ERISA Event”: (a) any Reportable Event; (b) the existence with
respect to any Plan of a Prohibited Transaction that could be reasonably expected to result in liability to any Group Member; (c) any failure by any Pension Plan to satisfy the minimum funding standards (within the meaning of Section 412
or 430 of the Code or Section 302 of ERISA, applicable to such Pension Plan), whether or not waived; (d) the filing by any Group Member or any ERISA Affiliate of an application for a waiver of the minimum funding standard with respect to
any Pension Plan, the failure by any Group Member or any ERISA Affiliate to make by its due date a required installment under Section 430(j) of the Code with respect to any Pension Plan (unless such failure is cured within 30 days following the
due date thereof) or the failure by any Group Member or any ERISA Affiliate to make any required contribution to a Multiemployer Plan (unless such failure is cured within 30 days following the due date thereof); (e) the incurrence by any Group
Member or any ERISA Affiliate of any liability under Title IV of ERISA with respect to the termination of any Pension Plan, including but not limited to the imposition of any Lien on any Group Member or any ERISA Affiliate in favor of the PBGC or
any Pension Plan; (f) a determination that any Pension Plan is in “at risk” status (within the meaning of Title IV of ERISA); (g) the receipt by any Group Member or any ERISA Affiliate from the PBGC or a plan administrator of any
notice relating to an intention to terminate any Pension Plan or to appoint a trustee to administer any Pension Plan under Section 4042 of ERISA; (h) the incurrence by any Group Member or any ERISA Affiliate of any liability with respect
to the withdrawal or partial withdrawal of any Group Member or any ERISA Affiliate from any Pension Plan or Multiemployer Plan; or (i) the receipt by any Group Member of any notice (A) concerning the imposition of Withdrawal
Liability on it or (B) a determination that a Multiemployer Plan is in endangered or critical status, within the meaning of Section 432 of the Code or Section 305 of ERISA. 

“EU Bail-In Legislation Schedule”: the EU
Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time. 

“Euro” and “€” mean the single currency of the Participating Member States. 

“Eurocurrency Bid Margin”: the margin above or below the Eurocurrency Rate to be added to or subtracted from the Eurocurrency
Rate, which margin shall be expressed in multiples of 1/100th of one basis point. 
 “Eurocurrency Committed Loan”: Loan
that bears interest at a rate based on clause (a) of the definition of “Eurocurrency Rate.” Eurocurrency Loans may be denominated in Dollars or in an Alternative Currency. All Loans denominated in an Alternative Currency must
be Eurocurrency Loans. 
 “Eurocurrency Loan”: means a Eurocurrency Committed Loan or a Eurocurrency Margin Bid Loan. 

“Eurocurrency Margin Bid Loan”: Bid Loan that bears interest at a rate based upon the Eurocurrency Rate. 

  
 17 

 “Eurocurrency Rate”: 

(a) With respect to any Loan: 

(i) denominated in a LIBOR Quoted Currency, the rate per annum equal to the London Interbank Offered Rate
(“LIBOR”) or a comparable or successor rate which rate is approved by the Administrative Agent, as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be
designated by the Administrative Agent from time to time) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, for deposits in the relevant currency (for delivery on the first day of such
Interest Period) with a term equivalent to such Interest Period; 
 (ii) denominated in Canadian Dollars, the rate per annum
equal to the Canadian Dollar Offered Rate, or a comparable or successor rate which rate is approved by the Administrative Agent, as published on the applicable Bloomberg screen page (or such other commercially available source providing such
quotations as may be designated by the Administrative Agent from time to time) at or about 10:00 a.m. (Toronto, Ontario time) on the Rate Determination Date with a term equivalent to the applicable interest period; 

(iii) denominated in Australian Dollars, the rate per annum equal to the Bank Bill Swap Reference Bid Rate, or a comparable or
successor rate which rate is approved by the Administrative Agent, as published on the applicable Bloomberg screen page (or such other page or commercially available source providing such quotations as may be designated by the Administrative Agent
from time to time) at or about 10:30 a.m. (Melbourne, Australia time) on the Rate Determination Date with a term equivalent to such Interest Period; 

(iv) denominated in New Zealand Dollars, the rate per annum equal to the Bank Bill Reference Bid Rate or a comparable or
successor rate, which rate is approved by the Administrative Agent, as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from
time to time) at or about 10:45 a.m. (Auckland, New Zealand time) on the Rate Determination Date with a term equivalent to such Interest Period; 

(v) denominated in any other Non-LIBOR Quoted Currency, the rate per annum as
designated with respect to such Alternative Currency at the time such Alternative Currency is approved by the Administrative Agent and the Lenders pursuant to Section 1.10; and 

(b) for any interest calculation with respect to a Base Rate Loan on any date, the rate per annum equal to LIBOR, at or about 11:00 a.m.,
London time determined two business days prior to such date for Dollar deposits with a term of one month commencing that day; 
 provided that
(i) to the extent a comparable or successor rate is approved by the Administrative Agent after consultation with the Parent Borrower in connection with any rate set forth in this definition, the approved rate shall be applied in a manner
consistent with market practice; (ii) to the extent such market practice is not administratively feasible for the Administrative Agent, such approved rate shall be applied in a manner as otherwise reasonably determined by the Administrative
Agent and (iii) if the Eurocurrency Rate determined in accordance with the foregoing shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement. 

  
 18 

 “Event of Default”: any of the events specified in
Section 10.1; provided that any requirement for the giving of notice, the lapse of time, or both, has been satisfied without cure or waiver. 

“Excluded Swap Guarantor”: any Loan Party all or a portion of whose Guarantee Obligation of, or grant of a security interest
to secure, any Specified Swap Obligation (or any Guarantee Obligation thereof) is or becomes an Excluded Swap Obligation; provided that such Guarantor shall be deemed to be an Excluded Swap Guarantor only with respect to that portion of its
Guarantee Obligation or grant of a security interest that constitutes an Excluded Swap Obligation. 
 “Excluded Swap
Obligations”: with respect to any Loan Party, any Specified Swap Obligation if, and to the extent that, all or a portion of the Guarantee Obligation of such Guarantor of, or the grant by such Loan Party of a security interest to secure,
such Specified Swap Obligation (or any Guarantee Obligation thereof) is or becomes illegal or unlawful under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official
interpretation of any thereof) by virtue of such Guarantor’s failure for any reason to constitute an “eligible contract participant” as defined in the Commodity Exchange Act and the regulations thereunder at the time the Guarantee
Obligation of such Loan Party or the grant of such security interest becomes effective with respect to such Specified Swap Obligations. If a Specified Swap Obligation arises under a Master Agreement governing more than one swap, such exclusion shall
apply only to the portion of such Specified Swap Obligation that is attributable to swaps for which such Guarantee Obligation or security interest is or becomes illegal. 

“Excluded Taxes”: any of the following Taxes imposed on or with respect to a Recipient or required to be withheld or deducted
from a payment to a Recipient: (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed as a result of such Recipient being organized under the laws of, or
having its principal office or, in the case of any Lender, its Lending Office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S.
Federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or a Commitment pursuant to a law in effect on the date
on which (i) such Lender acquires such interest in the Loan or Commitment (other than pursuant to an assignment request by the Parent Borrower under Section 2.15) or (ii) such Lender changes its Lending Office,
except in each case to the extent that, pursuant to Section 5.4, amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender
immediately before it changed its Lending Office, (c) Taxes attributable to such Recipient’s failure to comply with Section 5.4(e) and (d) any U.S. Federal withholding Taxes imposed under FATCA. 

“Existing Credit Agreement”: that certain Credit Agreement, dated as of December 4, 2018, among the Parent Borrower, the
several bank and other financial institutions or entities from time to time parties thereto as lenders and letter of credit issuers and Bank of America, as administrative agent. 

  
 19 

 “Existing Letters of Credit”: as defined in
Section 3.1(a). 
 “Extension Effective Date”: as defined in
Section 2.17(b). 
 “Facility”: the Term A-1 Loan
Facility, the Term A-2 Loan Facility or the Total Revolving Credit Commitment, as the context may require (and “Facilities” means a collective reference to the foregoing). 

“Facility Fee”: as defined in Section 4.1(a). 

“Facility Fee Rate”: the applicable rate per annum set forth in the pricing grid below, based upon such Debt Ratings as set
forth below applicable on such date: 
  

							
	 Pricing

Level
	  	 Debt Ratings

(S&P and Fitch
 /
Moody’s):
	  	Facility
Fee
Rate	 
	 Category 1
	  	3 A- / A3	  	 	0.125	% 
	 Category 2
	  	BBB+ / Baa1	  	 	0.150	% 
	 Category 3
	  	BBB / Baa2	  	 	0.200	% 
	 Category 4
	  	BBB- / Baa3	  	 	0.250	% 
	 Category 5
	  	< BBB- / Baa3 (or unrated)	  	 	0.300	% 

 ; provided if at any time the Parent Borrower has two (2) Debt Ratings, and such Debt Ratings are not equivalent,
then: (A) if the difference between such Debt Ratings is one ratings category (e.g. Baa2 by Moody’s and BBB- by S&P), the Facility Fee Rate shall be determined based on the higher of the Debt
Ratings; and (B) if the difference between such Debt Ratings is two ratings categories (e.g. Baa1 by Moody’s and BBB- by S&P) or more, the Facility Fee Rate shall be determined based on the Debt
Rating that is one lower than the higher of the applicable Debt Ratings. If at any time the Parent Borrower has no Debt Ratings, then the Facility Fee Rate shall be at Pricing Level Category 5. 

Initially, the Facility Fee Rate shall be determined based upon the Debt Ratings specified in the certificate delivered pursuant to
Section 7.1(k). Thereafter, each change in the Facility Fee Rate resulting from a publicly announced change in a Debt Rating shall be effective, in the case of an upgrade, during the period commencing on the date of
delivery by the Parent Borrower to the Administrative Agent of notice thereof pursuant to Section 8.8(i) and ending on the date immediately preceding the effective date of the next such change and, in the case of a
downgrade, during the period commencing on the date of the public announcement thereof and ending on the date immediately preceding the effective date of the next such change. 

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

  
 20 

 “FATCA”: Sections 1471 through 1474 of the Code, as of the date of this
Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with) and any current or future regulations or official interpretations thereof and any agreements entered into pursuant to
Section 1471(b)(1) of the Code or any intergovernmental agreements with respect thereto. 
 “Federal Funds Rate”: for
any day, the rate per annum calculated by the Federal Reserve Bank of New York based on such day’s federal funds transactions by depository institutions (as determined in such manner as the Federal Reserve Bank of New York shall set forth on
its public website from time to time) and published on the next succeeding Business Day by the Federal Reserve Bank of New York as the federal funds effective rate; provided that if the Federal Funds Rate as so determined would be less than
zero, such rate shall be deemed to be zero for purposes of this Agreement. 
 “Fee Letters”: collectively, all agreements
entered into by the Parent Borrower (on the one hand) and one or more of the Lead Arrangers (on the other hand) with respect to fees payable to such Lead Arranger and/or the Lenders in connection with the Facilities. 

“Fees”: all amounts payable pursuant to, or referred to in, Section 4.1. 

“Financial Covenants”: the financial covenants set forth in Section 9.1(a) through (e). 

“Financial Officer”: as to any Person, the chief financing officer, principal accounting officer, treasurer or controller of
such Person. 
 “Fitch”: Fitch, Inc. and any successor thereto. 

“Fixed Charge Coverage Ratio”: as of the last day of any Reference Period, the ratio of (a) the difference between
(x) EBITDA for such Reference Period minus (y) the aggregate amount of Maintenance Capital Expenditures for such Reference Period to (b) Fixed Charges for such Reference Period. 

“Fixed Charges”: for any Reference Period, an amount equal to the sum of (i) Interest Expense, plus
(ii) regularly scheduled installments (whether or not paid) of principal payable with respect to Total Indebtedness (including any scheduled payments that were no longer required to be repaid in such period as a result of a payment made within
one year of the date on which such payment was due), plus (iii) the amount of dividends or distributions actually paid or required to be paid by any Group Member (other than to another Group Member) in cash during such period in respect
of its preferred Capital Stock (excluding dividends and distributions payable solely at such Person’s election and not actually paid and any balloon payments payable on maturity or redemption in whole of such Capital Stock and any dividends or
distributions paid or required to be paid on or prior to January 23, 2018) and (iv) all income tax payments with respect to the taxable REIT Subsidiaries of the Company and the Parent Borrower (including Foreign Subsidiaries). 

“Foreign Obligor”: a Loan Party that is a Foreign Subsidiary. 

“Foreign Subsidiary”: any Subsidiary that is incorporated or organized under the laws of any jurisdiction other than any
state of the United States or the District of Columbia. 

  
 21 

 “Fronting Exposure”: at any time there is a Defaulting Lender, such
Defaulting Lender’s Revolving Credit Commitment Percentage of the Outstanding Amount of all outstanding L/C Obligations, other than L/C Obligations as to which such Defaulting Lender’s participation obligation has been reallocated to other
Lenders or Cash Collateralized in accordance with the terms hereof. 
 “Fronting Fee”: as defined in
Section 4.1(d). 
 “GAAP”: generally accepted accounting principles in the United States as in
effect from time to time. 
 “Governing Documents”: (a) with respect to any corporation, the certificate or articles of
incorporation and the bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction), (b) with respect to any limited liability company, the certificate or articles of
formation or organization and operating agreement and (c) with respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other applicable agreement of formation or organization and, if
applicable, any agreement, instrument, filing or notice with respect thereto filed in connection with its formation or organization with the applicable Governmental Authority in the jurisdiction of its formation or organization and, if applicable,
any certificate or articles of formation or organization of such entity. 
 “Governmental Authority”: the government of the
United States or any other nation, or of any state or other political subdivision thereof, any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory
or administrative functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank), any securities exchange and any self-regulatory organization. 

“Group Members”: the collective reference to the Company, the Parent Borrower and their respective Subsidiaries. 

“Guarantee Agreement”: a Guarantee Agreement executed and delivered by the Parent Borrower, any Subsidiary Guarantor or any
Intermediate Company in substantially the form of Exhibit A. 
 “Guarantee Obligation”: as to any Person (the
“guaranteeing person”), (x) any obligation, including a reimbursement, counterindemnity or similar obligation, of the guaranteeing Person that guarantees or in effect guarantees, or which is given to induce the creation of a
separate obligation by another Person (including any bank under any letter of credit) that guarantees or in effect guarantees, 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, (a) to purchase any such primary obligation or any property
constituting direct or indirect security therefor, (b) to advance or supply funds (i) for the purchase or payment of any such primary obligation or (ii) to maintain working capital or equity capital of the primary obligor or otherwise
to maintain the net worth or solvency of the primary obligor, (c) to purchase property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the

  
 22 

 
ability of the primary obligor to make payment of such primary obligation or (d) otherwise to assure or hold harmless the owner of any such primary obligation against loss in respect thereof
or (y) any Lien on any assets of such Person securing any Indebtedness or other obligation of any other Person, whether or not such Indebtedness or other obligation is assumed by such Person (or any right, contingent or otherwise, of any holder
of such Indebtedness to obtain any such Lien); provided, however, that the term Guarantee Obligation shall not include endorsements of instruments for deposit or collection in the ordinary course of business or customary and reasonable
indemnity obligations or product warranties. The amount of any Guarantee Obligation of any guaranteeing person shall be deemed to be the lower of (i) an amount equal to the stated or determinable amount of the primary obligation in respect of
which such Guarantee Obligation is made and (ii) 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 Parent Borrower in good faith. 
 “Guarantors”: collectively, the Company, the Parent Borrower, each
Intermediate Company and the Subsidiary Guarantors. 
 “Guaranty”: collectively, the Guaranty made by the Company under
Article XIII in favor of the Creditor Parties and each guaranty made by the Parent Borrower, any Subsidiary Guarantor or any Intermediate Company in favor of the Creditor Parties pursuant to a Guarantee Agreement, together with each other
guaranty and guaranty supplement delivered pursuant to Section 8.10. 
 “Honor Date”: as defined
in Section 3.4(a). 
 “Impacted Loans”: as defined in Section 2.10(a).

 “Increase Effective Date”: as defined in Section 2.14(c). 

“Incremental Facilities”: as defined in Section 2.14(a). 

“Incremental Revolving Increase”: as defined in Section 2.14(a). 

“Incremental Term Loan Increase”: as defined in Section 2.14(a). 

“Indebtedness”: of any Person at any date, without duplication, (a) all obligations of such Person for borrowed money,
(b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such Person under conditional sale or other title retention agreements relating to property acquired by such Person,
excluding those incurred in the ordinary course of its business that would constitute ordinarily a trade payable to trade creditors, (d) all obligations of such Person in respect of the deferred purchase price of property or services (excluding
those incurred in the ordinary course of its business that would constitute ordinarily a trade payable to trade creditors), (e) all Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing right, contingent or
otherwise, to be secured by) any Lien on property owned or acquired by such Person, whether or not the Indebtedness secured thereby has been assumed, provided that, as to such Person, recourse is limited to such property, (f) all

  
 23 

 
Guarantee Obligations by such Person of Indebtedness of others, but only to the extent of the amount of Indebtedness guaranteed, (g) all Capital Lease Obligations of such Person,
(h) all obligations, contingent or otherwise, of such Person as an account party in respect of letters of credit and letters of guaranty (other than such obligations with respect to letters of credit and letters of guaranty to support
workers’ compensation insurance programs, which shall only constitute Indebtedness when such letter of credit or letter of guaranty is drawn), (i) all obligations, contingent or otherwise, of such Person in respect of bankers’ acceptances,
(j) all Off-Balance Sheet Obligations of such Person, (k) all obligations of such Person to purchase, redeem, retire, defease or otherwise make any payment in respect of any Capital Stock issued by
such Person or any other Person, valued at the greater of its voluntary or involuntary liquidation preference plus accrued and unpaid dividends (other than any obligation of such Person if such Person, in its sole discretion, may satisfy such
obligation by delivering (or causing to be delivered) common Capital Stock in the Company or any Subsidiary thereof that is not a Designated Borrower, a Subsidiary Guarantor or a Qualified Asset Owner, as applicable), (l) all obligations of such
Person in respect of any purchase obligation, repurchase obligation, takeout commitment or forward equity commitment, in each case evidenced by a binding agreement (other than any obligation of such Person if such Person, in its sole discretion, may
satisfy such obligation by delivering (or causing to be delivered) common Capital Stock in the Company or any Subsidiary thereof that is not a Designated Borrower, a Subsidiary Guarantor or a Qualified Asset Owner, as applicable), and (m) net
obligations under any Swap Agreements in an amount equal to the Swap Termination Value thereof (other than any obligation of such Person if such Person, in its sole discretion, may satisfy such obligation by delivering (or causing to be delivered)
common Capital Stock in the Company or any Subsidiary thereof that is not a Designated Borrower, a Subsidiary Guarantor or a Qualified Asset Owner, as applicable). The Indebtedness of any Person shall include the Indebtedness (other than Qualified
JV Debt) of any other entity (including any partnership in which such Person is a general partner) to the extent such Person, by operation of the documentation evidencing such Indebtedness or by law, is liable therefor as a result of such
Person’s ownership interest in or other relationship with such entity, except to the extent the terms of such Indebtedness provide that such Person is not liable therefor. For the avoidance of doubt, Indebtedness shall not include
(i) prepaid or deferred revenue arising in the ordinary course of business and (ii) purchase price holdbacks arising in the ordinary course of business in respect of a portion of the purchase price of an asset to satisfy warrants or other
unperformed obligations of the seller of such asset. 
 “Indemnified Liabilities”: as defined in
Section 12.5. 
 “Indemnified Taxes”: (a) Taxes, other than Excluded Taxes, imposed on or with
respect to any payment made by or on account of any obligation of any Loan Party under any Loan Document and (b) to the extent not otherwise described in clause (a), Other Taxes. 

“Indemnitee”: as defined in Section 12.5. 

“Indirect Owner”: has the meaning specified in the definition of “Subsidiary Guarantor”. 

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

  
 24 

 “Insolvent”: pertaining to a condition of Insolvency. 

“Intangible Assets”: assets that are considered to be intangible assets under GAAP, excluding lease intangibles but including
customer lists, goodwill, computer software, copyrights, trade names, trademarks, patents, franchises, licenses, unamortized deferred charges, unamortized debt discount and capitalized research and development costs. 

“Intellectual Property”: the collective reference to all rights, priorities and privileges relating to intellectual property,
whether arising under United States, multinational or foreign laws or otherwise, including copyrights, copyright licenses, patents, patent licenses, trademarks, trademark licenses, and intellectual property in technology, know-how and processes, and all rights to sue at law or in equity for any infringement or other impairment thereof, including the right to receive all proceeds and damages therefrom. 

“Interest Expense”: for any Reference Period, an amount equal to the sum of the following with respect to Total Indebtedness:
(i) total interest expense, accrued in accordance with GAAP plus (ii) all capitalized interest determined in accordance with GAAP (including in the case of (i) and (ii), the Parent Borrower’s pro rata share thereof for
Unconsolidated Affiliates, other than with respect to Qualified JV Debt), and excluding non-cash amortization or write-off of deferred financing costs or debt discount
(including the Parent Borrower’s pro rata share thereof for Unconsolidated Affiliates). 
 “Interest Period”: (a) as
to any Eurocurrency Loan, the period commencing on the date such Eurocurrency Loan is disbursed or (in the case of any Eurocurrency Committed Loan) converted to or continued as a Eurocurrency Loan and ending on the date one (1), two (2), three
(3) or six (6) months thereafter (in each case, subject to availability), as selected by the Parent Borrower in its Committed Loan Notice or Bid Request, as the case may be, given with respect thereto, or, in the case of Eurocurrency
Committed Loans, if agreed to by all Lenders of the Class participating therein and the Administrative Agent, twelve (12) months or a period of shorter than one month and (b) as to any Absolute Rate Loan, a period of not less than 7
days and not more than 180 days as selected by the Parent Borrower in its Bid Request; provided that: 
 (i) if any
Interest Period would otherwise end on a day that is not a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless, in the case of a Eurocurrency Loan, 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 pertaining to a Eurocurrency 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 the calendar month at the end of such Interest Period; and 

(iii) no Interest Period shall extend beyond the Maturity Date of the Facility under which such Loan was made. 

“Intermediate Company” means, a Subsidiary of the Company that owns, directly or indirectly, Capital Stock in the Parent
Borrower. 

  
 25 

 “Investment”: (a) any purchase or other acquisition for value by the
Company or any of its Subsidiaries of, or of a beneficial interest in, any of the Capital Stock of any other Person; (b) any purchase or other acquisition for value by the Company or any of its Subsidiaries from any Person of all or a
substantial portion of the business, property or fixed assets of such Person or any division or line of business or other business unit of such Person; (c) any loan, advance or capital contributions by the Company or any of its Subsidiaries to,
or Guarantee Obligations with respect to any obligations of, any other Person, including all indebtedness and accounts receivable from that other Person that are not current assets or did not arise from sales to that other Person in the ordinary
course of business; and (d) all investments consisting of any exchange traded or over-the-counter derivative transaction, including any Swap Agreement, whether
entered into for hedging or speculative purposes or otherwise. For purposes of covenant compliance, the amount of any Investment shall be the amount actually invested, without adjustment for subsequent increases or decreases in the value of such
Investment. 
 “Investment Grade Ratings Criteria”: the Parent Borrower has received Debt Ratings from at least one of
Moody’s and S&P, and such Debt Ratings are Baa3 or better (in the case of a rating by Moody’s) or BBB- or better (in the case of a rating by S&P). 

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

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

“Joinder Agreement”: as defined in Section 2.14(b). 

“Joint Venture”: a joint venture, partnership or other similar arrangement, whether in corporate, partnership or other legal
form; provided that in no event shall any corporate Subsidiary of any Person be considered to be a Joint Venture to which such Person is a party. 

“L/C Availability Period”: the period from and including the Closing Date to the earliest of (a) the L/C Maturity Date,
(b) the date of termination of the Total Revolving Credit Commitments pursuant to Section 4.2, and (c) the date of termination of the commitment of each Revolving Credit Lender to make Revolving Credit Loans and
of the obligation of the Letter of Credit Issuers to make L/C Credit Extensions pursuant to Section 10.l. 

“L/C Borrowing”: an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on
the applicable Reimbursement Date or refinanced as a Borrowing. All L/C Borrowings shall be denominated in Dollars. 
 “L/C Credit
Extension”: with respect to any Letter of Credit, the issuance thereof or extension of the expiry date thereof, or the increase of the amount thereof. 

“L/C Draw Notice”: as defined in Section 3.4(a). 

  
 26 

 “L/C Maturity Date”: the date that is five Business Days prior to the
Revolving Loan Maturity Date; provided that the L/C Maturity Date may be extended beyond such date as provided in Section 3.1(b). 

“L/C Obligations”: on any date of determination, the sum of (i) the aggregate Stated Amount of all outstanding Letters
of Credit and (ii) the aggregate amount of all Unpaid Drawings, including all L/C Borrowings. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn
thereunder by reason of the operation of Rule 3.14 of the International Standby Practices (ISP98), such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn. 

“L/C Participant”: as defined in Section 3.3(a). 

“L/C Participation”: as defined in Section 3.3(a). 

“Lead Arrangers”: the collective reference to BofA Securities, Inc., JPMorgan Chase Bank, N.A., Citibank, N.A., Royal Bank of
Canada, Coöperatieve Rabobank U.A., New York Branch, and SunTrust Robinson Humphrey, Inc., each in their capacity as a joint lead arranger for the credit facilities under this Agreement. 

“Leased Rate”: at any time, with respect to any Real Property, the ratio, expressed as a percentage, of (a) the rentable
operating square footage of such Real Property actually leased by tenants that are not any Group Member or Affiliates of any Group Member and paying rent at rates not materially less than rates generally prevailing at the time the applicable lease
was entered into, pursuant to binding leases as to which no default or event of default has occurred and is continuing to (b) the aggregate rentable operating square footage of such Real Property. 

“Lender”: each Person that, at any time, holds a Loan or a Commitment hereunder. 

“Lending Office”: as to any Lender, the office or offices of such Lender described as such in such Lender’s
Administrative Questionnaire, or such other office or offices as a Lender may from time to time notify the Parent Borrower and the Administrative Agent, which office may include any Affiliate of such Lender or any domestic or foreign branch of such
Lender or such Affiliate. Unless the context otherwise requires each reference to a Lender shall include its applicable Lending Office. 

“Letter of Credit”: each standby letter of credit issued pursuant to Article III and shall include the Existing
Letters of Credit. Letters of Credit may be issued in Dollars or in an Alternative Currency 
 “Letter of Credit
Application”: an application and agreement for the issuance or amendment of a Letter of Credit in the form from time to time in use by the applicable Letter of Credit Issuer. 

“Letter of Credit Exposure”: with respect to any Dollar Tranche Lender, at any time, the sum of (a) the amount of any
Unpaid Drawings in respect of which such Lender has made (or is required to have made) payments to the applicable Letter of Credit Issuer pursuant to Section 3.3 at such time and (b) such Lender’s Revolving Credit
Commitment Percentage of the Outstanding Amount of all L/C Obligations at such time (excluding the portion thereof consisting of Unpaid Drawings in respect of which the Lenders have made (or are required to have made) payments to the applicable
Letter of Credit Issuer pursuant to Section 3.3). 

  
 27 

 “Letter of Credit Fee”: as defined in
Section 4.1(b). 
 “Letter of Credit Issuer”: each of (a) JPMorgan Chase Bank, N.A.,
Citibank, N.A., Royal Bank of Canada and Bank of America, (b) any other Lender designated as a Letter of Credit Issuer by the Parent Borrower with the written consent of the Administrative Agent (which shall not be unreasonably withheld or
delayed) and such Lender, and (c) any replacement, additional issuer or successor appointed pursuant to Section 3.6; provided that for so long as any Existing Letter of Credit remains outstanding hereunder, the
issuer of such Existing Letter of Credit shall continue to be the Letter of Credit Issuer with respect to such Existing Letter of Credit. References herein and in the other Loan Documents to the “Letter of Credit Issuer” shall be deemed to
refer to the Letter of Credit Issuer in respect of the applicable Letter of Credit or to all Letter of Credit Issuers, as the context requires. 

“Letter of Credit Subfacility”: at any time, an amount equal to the lesser of (a) the aggregate amount of the Letter of
Credit Issuers’ Letter of Credit Sublimits at such time, as the same may be reduced from time to time pursuant to Article III, and (b) the Dollar Tranche at such time. The Letter of Credit Subfacility is part of, and not in addition
to, the Dollar Tranche. On the Closing Date, the Letter of Credit Subfacility is $60,000,000. 
 “Letter of Credit
Sublimit”: as to each Letter of Credit Issuer, its agreement as set forth in Article III to issue, amend and extend Letters of Credit in an aggregate principal amount at any one time outstanding not to exceed (subject to the
discretion of such Letter of Credit Issuer pursuant to the proviso to clause (viii) of Section 3.1(b)) the amount set forth opposite such Lender’s name on Schedule 1.1A under the caption “Letter
of Credit Sublimit” or in the Assignment and Assumption or Joinder Agreement or other documentation, which other documentation shall be in form and substance satisfactory to the Administrative Agent, pursuant to which such Lender becomes a
Letter of Credit Issuer hereunder, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement or other documentation entered into between such Letter of Credit Issuer and the Parent Borrower, which other
documentation shall be in form and substance reasonably satisfactory to the Administrative Agent. 
 “Leverage-Based Applicable
Margin”: as defined in the definition of “Applicable Margin”. 
 “LIBOR”: as defined in the definition
of “Eurocurrency Rate”. 
 “LIBOR Daily Floating Rate”: for any day, a fluctuating rate of interest per annum
equal to LIBOR as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by Administrative Agent from time to time), at approximately 11:00 a.m., London time, two
(2) London Banking Days prior to such day, for US dollar deposits with a term of one (1) month commencing that day; provided that if the LIBOR Daily Floating Rate shall be less than zero, such rate shall be deemed zero for purposes
of this Agreement. 

  
 28 

 “LIBOR Floating Rate Loan” means a Loan that bears interest at a rate based
on the LIBOR Daily Floating Rate. All LIBOR Floating Rate Loans shall be denominated in Dollars. 
 “LIBOR Quoted
Currency”: each of the following currencies: Dollars, Euro and Sterling, in each case as long as there is a published LIBOR rate with respect thereto. 

“LIBOR Successor Rate”: as defined in Section 2.9. 

“Lien”: any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge
or other security interest or any preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including any conditional sale or other title retention agreement and any capital lease having
substantially the same economic effect as any of the foregoing); provided that in no event shall an operating lease be deemed to be a Lien. 

“Loan”: any loan made by any Lender pursuant to this Agreement. 

“Loan Document Obligations”: the unpaid principal of and interest on (including interest accruing after the maturity of the
Loans and interest accruing after the filing of any petition under any Debtor Relief Laws, or the commencement of any proceeding under any Debtor Relief Law, relating to any Loan Party or any Affiliate thereof, whether or not a claim for post-filing
or post-petition interest is allowed in such proceeding) the Loans, each payment required to be made by any Loan Party under this Agreement in respect of any Letter of Credit and all other obligations and liabilities of any Loan Party, 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 or any other document made, delivered or given in
connection herewith or therewith, whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses (including all fees, charges and disbursements of counsel to the Bookrunners, the Administrative Agent, any
Letter of Credit Issuer or any Lender that are required to be paid by any Loan Party pursuant hereto) or otherwise (including monetary obligations incurred during the pendency of any proceeding under any Debtor Relief Laws regardless of whether
allowed or allowable in such proceeding). 
 “Loan Documents”: the collective reference to this Agreement, each Designated
Borrower Request and Assumption Agreement, the Notes, each Issuer Document, any agreement creating or perfecting rights in Cash Collateral pursuant to the provisions of Section 2.16, the Fee Letter, the Guaranty, any
Joinder Agreement and any agreement designating a Lender as a Letter of Credit Issuer, and any amendment, waiver, supplement or other modification to any of the foregoing. 

“Loan Parties”: the collective reference to the Parent Borrower, the Company, the Guarantors and the Designated Borrowers.

 “London Banking Day”: any day on which dealings in Dollar deposits are conducted by and between banks in the London
interbank eurodollar market. 
 “Maintenance Capital Expenditures”: for any Reference Period, all capital expenditures
actually made by the Company, the Parent Borrower and their consolidated Subsidiaries (and the pro rata share of capital expenditures made by Unconsolidated Affiliates) during such period for the maintenance of Capital Assets of such Person,
excluding capital expenditures for modernization. 

  
 29 

 “Majority in Interest”: when used in reference to Lenders holding Loans or
Commitments of any Class, at any time, (a) in the case of the Revolving Credit Lenders, Lenders (other than Defaulting Lenders) having Revolving Credit Exposures and unused Revolving Credit Commitments representing more than 50% of the sum of
the aggregate Revolving Credit Exposure and the unused aggregate Revolving Credit Commitment at such time and (b) in the case of the Term Lenders of any Class, Lenders (other than Defaulting Lenders) holding outstanding Term Loans of such
Class representing more than 50% of the aggregate principal amount of all Term Loans of such Class outstanding at such time. 

“Master Agreement”: any form of master agreement published by the International Swaps and Derivatives Association, Inc., any
International Foreign Exchange Master Agreement, or any other master agreement, together with any related schedules. 
 “Material
Acquisition”: any acquisition (whether by direct purchase, merger or otherwise and whether in one or more related transactions) by the Company, the Parent Borrower or any Subsidiary of the Company or the Parent Borrower that is a Permitted
Acquisition in which the purchase price of the assets acquired exceeds an amount equal to 5% of Total Asset Value as of the last day of the most recently ended fiscal quarter of the Company for which financial statements are publicly available. 

“Material Adverse Effect”: a material adverse effect on (a) the business, financial condition or results of operations
of the Company, the Parent Borrower and their Subsidiaries, taken as a whole, (b) the ability of the Loan Parties (taken as a whole) to perform their obligations under this Agreement or the other Loan Documents or (c) the rights and
remedies of the Administrative Agent, the Letter of Credit Issuers or the Lenders hereunder or under the other Loan Documents. 

“Material Contract”: (a) any Contractual Obligation or instrument evidencing Indebtedness in excess of $3,000,000; (b) any
material employment agreement between any Group Member and an executive officer of the Parent Borrower, collective bargaining agreements or other material agreements with any labor organization or union; (c) any Contractual Obligation for the
sale or other transfer of any Group Member’s owned Real Property where temperature controlled warehouse facilities are located or other tangible assets having a fair market value in excess of $3,000,000 that has not yet been consummated;
(d) any Contractual Obligation relating to the material Intellectual Property owned or used by the Group Members in connection with their business other than licenses of software used by any Group Member in the ordinary course of business;
(e) any Contractual Obligation with a customer of any Group Member for temperature-controlled warehouse storage and/or related services and handling involving or reasonably expected to involve payments in excess of $3,000,000 during any fiscal
year; (f) any transportation services Contractual Obligation with a customer of any Group Member involving payments or reasonably expected to involve payments in excess of $3,000,000 during any fiscal year; (g) any Contractual Obligation
that creates a Joint Venture other than the governing or organizational documents of any Group Member; (h) any material Contractual Obligation relating to a CMBS Financing; and (i) any other Contractual Obligation not otherwise covered by
clauses (a) through (h) above involving or reasonably expected to involve payments by or to any Group Member in excess of $3,000,000 in the aggregate during any fiscal year, in each case that is not cancelable by either party thereto on 30 days
or less notice without costs or penalty. 

  
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 “Materials of Environmental Concern”: any substances, materials or wastes
defined in or regulated under any Environmental Law, including any gasoline or petroleum (including crude oil or any fraction thereof) or petroleum products, asbestos, anhydrous ammonia, ozone-depleting
substances, polychlorinated biphenyls and urea-formaldehyde insulation. 
 “Maturity Date”: the applicable Term Loan
Maturity Date or Revolving Loan Maturity Date. 
 “Maximum Rate”: as defined in Section 12.14.

 “Minimum Borrowing Amount”: with respect to a Borrowing of Eurocurrency Loans, $1,000,000 (or, if less, the entire
remaining applicable Commitments at the time of such Borrowing) and (ii) with respect to a Borrowing of Base Rate Loans or LIBOR Floating Rate Loans, $1,000,000 (or, if less, the entire remaining applicable Commitments at the time of such
Borrowing). 
 “Minimum Collateral Amount”: at any time, (a) with respect to Cash Collateral consisting of Cash or
Cash Equivalents or deposit account balances provided to reduce or eliminate Fronting Exposure during the existence of a Defaulting Lender, an amount equal to 100% of the Fronting Exposure of each Letter of Credit Issuer with respect to Letters of
Credit issued by it and outstanding at such time and (b) with respect to Cash Collateral consisting of Cash or Cash Equivalents or deposit account balances provided in accordance with the provisions of
Section 3.8(a)(i) or (a)(ii), an amount equal to 102% of the Outstanding Amount of all L/C Obligations. 

“Moody’s”: Moody’s Investors Service, Inc., and any successor to its rating agency business. 

“Multiemployer Plan”: a multiemployer plan as defined in Section 4001(a)(3) of ERISA which is or was contributed to by
(or to which there is or was an obligation to contribute to or any other obligation or liability with respect to) any Group Member or any ERISA Affiliate. 

“Negative Pledge”: a provision of any document, instrument or agreement (including any governing or organizational document),
other than this Agreement or any other Loan Document, that prohibits, restricts or limits, or purports to prohibit, restrict or limit, the creation or assumption of any Lien on any assets of a Person as security for the Indebtedness of such Person
or any other Person; provided, however, that (x) an agreement that conditions a Person’s ability to encumber its assets upon the maintenance of one or more specified ratios that limit such Person’s ability to encumber
its assets but that do not generally prohibit the encumbrance of its assets, or the encumbrance of specific assets, shall not constitute a Negative Pledge and (y) customary contractual restrictions in a lease relating to the granting of a Lien
on the applicable leasehold interest or leased property shall not constitute a Negative Pledge. 
 “New Zealand Dollars”
and “NZD” mean the lawful currency of New Zealand. 

  
 31 

 “Newly Acquired Property”: as of any date, a Real Property (other than a
Development Property), that has been owned or ground leased by the Parent Borrower or a Subsidiary for less than four full fiscal quarters as of such date. 

“Newly Stabilized Property”: as of any date, a Real Property owned or ground leased by the Parent Borrower or a Subsidiary
that has been a Stabilized Property for less than four full fiscal quarters as of such date. 

“Non-Bank Tax Certificate”: as defined in
Section 5.4(e)(ii)(B)(3). 
 “Non-Consenting Lender”: as
defined in Section 2.15(b). 
 “Non-Defaulting Lender”:
each Lender other than a Defaulting Lender. 
 “Non-Extension Notice Date”: as
defined in Section 3.2(d). 
 “Non-LIBOR Quoted
Currency”: any currency other than a LIBOR Quoted Currency. 
 “Non-Qualified Asset
Subsidiaries”: Subsidiaries of the Parent Borrower that are not Qualified Asset Owners or Designated Borrowers. 
 “Non-Recourse Indebtedness”: with respect to any Person, (a) Indebtedness, or a Guarantee Obligation of Indebtedness, in respect of which recourse for payment (except to the extent of any Customary Non-Recourse Carve-Outs) is contractually limited to specific assets of such Person encumbered by a Lien securing such Indebtedness or Guarantee Obligation, (b) if such Person is a Single Asset Entity, any
Indebtedness of such Person (other than Indebtedness described in the immediately following clause (c)), or (c) if such Person is a Single Asset Holding Company, any Indebtedness (“Holdco Indebtedness”) of such Single Asset
Holding Company resulting from a Guarantee Obligation of, or Lien securing, Indebtedness of a Single Asset Entity that is a subsidiary of such Single Asset Holding Company, so long as, in each case, either (i) recourse for payment of such
Holdco Indebtedness (except for Customary Non-Recourse Carve-Outs) is contractually limited to the Capital Stock held by such Single Asset Holding Company in such Single Asset Entity or (ii) such Single
Asset Holding Company has no assets other than Capital Stock in such Single Asset Entity and cash and other assets of nominal value incidental to the ownership of the such Single Asset Entity. 

“Notes”: the collective reference to any promissory note evidencing Loans. 

“Normalized Adjusted FFO”: “funds from operations” as defined in accordance with the standards established by the
Board of Governors of the National Association of Real Estate Investment Trusts as in effect from time to time; provided that Normalized Adjusted FFO shall (i) be based on net income after payment of distributions to holders of preferred
partnership units in the Parent Borrower and distributions necessary to pay holders of preferred stock of the Company, and (ii) at all times exclude, without duplication, (a) impairment charges, restructuring charges, acquisition related
costs and stock based compensation expense and (b) gains or losses from sales of previously depreciated non-real estate assets, non-real estate depreciation,
depletion and amortization, amortization of deferred financing costs, amortization of debt discount, amortization of above or below market leases, adjustments for straight line rents, non-cash or extraordinary
gains or losses from foreign exchange, non-cash or extraordinary gains or losses from derivative instruments, and other extraordinary or non-recurring charges. 

  
 32 

 “NZ AIL Lender”: a NZ Lender where: 

(a) the NZ Lender derives “non-resident passive income” as defined in section RF 2 of the NZ
Income Tax Act under any Loan Document; or 
 (b) the payment of an NZ Approved Issuer Levy entitles the NZ Lender to benefit from an
exemption from New Zealand tax on interest under an applicable double tax agreement and the NZ Lender has notified the relevant Loan Party that it wishes to be treated as the category of NZ AIL Lender referred to in this paragraph (b) for the
purposes of this Agreement. 
 “NZ Approved Issuer Levy”: an “approved issuer levy” as defined in section 86F of
the NZ Stamp Duties Act. 
 “NZ Commissioner of Inland Revenue”: the New Zealand Commissioner of Inland Revenue referred to
in section 6A of the Tax Administration Act 1994 (NZ). 
 “NZ Lender”: at any time, a Lender that at such time
(a) holds an Alternative Currency Commitment to make loans and/or participate in Letters of Credit that are denominated in NZD and/or (b) a Loan that is denominated in NZD. 

“NZ Income Tax Act”: the Income Tax Act 2007 (NZ). 

“NZ Loan Party”: a Loan Party incorporated in New Zealand. 

“NZ Stamp Duties Act”: the Stamp and Cheque Duties Act 1971 (NZ). 

“Obligations”: the collective reference to (a) the Loan Document Obligations, (b) the Specified Swap Obligations
and (c) the Specified Cash Management Obligations. Notwithstanding the foregoing, (i) unless otherwise agreed to by the Parent Borrower and any Cash Management Bank or Qualified Counterparty, as applicable, the obligations of any Loan
Party under any Specified Cash Management Agreement or Specified Swap Agreement shall be guaranteed pursuant to the Guaranty only to the extent that, and for so long as, the other Obligations are so guaranteed, and (ii) any release of
Guarantors or Designated Borrowers effected in the manner permitted by this Agreement and any other Loan Document shall not require the consent (solely in their capacity as such) of the holders of Specified Cash Management Obligations or Specified
Swap Obligations under Specified Swap Agreements. 
 “OFAC”: the U.S. Department of the Treasury Office of Foreign Assets
Control. 
 “Off-Balance Sheet Obligations”: liabilities and obligations of the
Company, any Subsidiary of the Company or any other Person in respect of “off-balance sheet arrangements” (as defined in the SEC Off-Balance Sheet Rules) which
the Company would be required to disclose in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section of a report on Form 10-Q or Form 10-K (or their equivalents) (but, for the avoidance of doubt, excluding operating leases and ordinary course contracts for the purchase of power). As used in this definition, the term “SEC Off-Balance Sheet Rules” means the Disclosure in Management’s Discussion and Analysis About Off Balance Sheet Arrangements, Securities Act Release No. 33-8182,
68 Fed. Reg. 5982 (Feb. 5, 2003) (codified at 17 CFR Parts 228, 229 and 249). 

  
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 “Other Connection Taxes”: with respect to any Recipient, Taxes imposed as a
result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a party to, performed its obligations under, received
payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document). 

“Other Taxes”: all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that arise
from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document except such Taxes that are Other
Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 2.15). 

“Outstanding Amount” (i) with respect to Revolving Credit Loans on any date, the Dollar Equivalent of the aggregate
outstanding principal amount thereof after giving effect to any borrowings and prepayments or repayments of such Revolving Credit Loans occurring on such date; (ii) with respect to Term A-1 Loans and Term
A-2 Loans on any date, the Dollar Equivalent of the aggregate outstanding principal amount thereof after giving effect to any borrowings and prepayments or repayments of such Term A-1 Loans or Term A-2 Loans, as applicable, occurring on such date; and (iii) with respect to any L/C Obligations on any date, the Dollar Equivalent amount of the
aggregate outstanding amount of such L/C Obligations on such date after giving effect to any L/C Credit Extension occurring on such date and any other changes in the aggregate amount of the L/C Obligations as of such date, including as a result of
any reimbursements by the Parent Borrower of Unpaid Drawings. 
 “Overnight Rate”: for any day, (a) with respect to
any amount denominated in Dollars, the greater of (i) the Federal Funds Rate and (ii) an overnight rate determined by the Administrative Agent or a Letter of Credit Issuer, as the case may be, in accordance with banking industry rules on
interbank compensation, and (b) with respect to any amount denominated in an Alternative Currency, the rate of interest per annum at which overnight deposits in the applicable Alternative Currency, in an amount approximately equal to the amount
with respect to which such rate is being determined, would be offered for such day by a branch or Affiliate of Bank of America in the applicable offshore interbank market for such currency to major banks in such interbank market. 

“Pari Passu Obligations” means Unsecured Indebtedness (exclusive of the Obligations) of any Loan Party owing to a Person that
is not the Company or an Affiliate thereof. 
 “Participant”: as defined in Section 12.6(c). 

“Participant Register”: as defined in Section 12.6(c). 

  
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 “Participating Member State”: any member state of the European Union that
has the Euro as its lawful currency in accordance with legislation of the European Union relating to Economic and Monetary Union. 

“Patriot Act”: the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct
Terrorism Act of 2001 (Title III of Pub. L. 107-56, Oct. 26, 2001). 
 “Payment in
Full”: all Commitments have expired or been terminated and the principal of and interest on each Loan and all fees, expenses and other amounts payable under this Agreement or any other Loan Document have been paid in full (other than
(a) Specified Cash Management Obligations as to which arrangements satisfactory to the applicable Cash Management Bank have been made, (b) Specified Swap Obligations as to which arrangements satisfactory to the applicable Qualified
Counterparty have been made and (c) any contingent obligations or contingent indemnification obligations not then due or asserted) and all Letters of Credit (other than Letters of Credit as to which other arrangements satisfactory to the
Administrative Agent and the applicable Letter of Credit Issuer have been made) have expired or been terminated or Cash Collateralized in an amount reasonably acceptable to each applicable Letter of Credit Issuer and all Unpaid Drawings have been
reimbursed. 
 “PBGC”: the Pension Benefit Guaranty Corporation established pursuant to Subtitle A of Title IV of ERISA (or
any successor). 
 “Pension Plan”: any Plan (other than a Multiemployer Plan) subject to the provisions of Title IV of
ERISA or Section 412 of the Code or Section 302 of ERISA, and in respect of which any Group Member or any ERISA Affiliate is (or, if such Plan were terminated, would under Section 4069 of ERISA be deemed to be) an “employer”
as defined in Section 3(5) of ERISA. 
 “Permitted Acquisition”: any acquisition, whether by purchase, merger,
amalgamation, consolidation or otherwise, of (x) all or substantially all of the assets of any Person, or a business line or unit or a division of any Person, or any parcel of Real Property and improvements thereto, (y) the Capital Stock
of any Person such that such Person becomes a Subsidiary; provided that: 
 (a) no Event of Default shall have occurred and be
continuing or would result therefrom; 
 (b) before and after giving effect thereto, the Company and its Subsidiaries are in compliance on a
Pro Forma Basis with the Financial Covenants; and 
 (c) after giving effect thereto, the Company and its Subsidiaries are in compliance on a
Pro Forma Basis with Section 8.3. 
 “Permitted Encumbrances”: 

(a) Liens imposed by law for Taxes or other related governmental charges or claims that are not yet due or that are being contested in good
faith by appropriate proceedings; provided that adequate reserves with respect thereto are maintained on the books of the applicable Group Member in conformity with GAAP; 

  
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 (b) Liens imposed by law, such as landlord’s, carriers’, warehousemen’s,
mechanics’, materialmen’s, repairmen’s, construction contractors’ and other like Liens, in each case arising in the ordinary course of business and securing obligations that are not overdue for a period of more than 30 days or
that are being contested in good faith by appropriate proceedings; 
 (c) Liens arising from judgments or decrees for the payment of money in
circumstances that do not constitute an Event of Default under Section 10.1(j); 
 (d) easements, restrictions, rights-of-way, use restrictions, rights of first refusal and similar encumbrances on Real Property imposed by law or arising in the ordinary course of business that do not
secure any monetary obligations and do not materially detract from the value of the affected property or interfere with the ordinary conduct of business of the applicable Group Member; 

(e) any zoning or similar law or right reserved to, or vested in, any Governmental Authority to control or regulate the use of any real
property that do not materially detract from the value of the affected property or interfere with the ordinary course of conduct of the business of the applicable Group Member; 

(f) Liens affecting title on Real Property that have been fully paid off and satisfied and which remain of record through no fault of the
Person that owns such Real Property and that, in any event do not have a material and adverse effect with respect to the use, operations or marketability of the affected Real Property or with respect to the ownership of the affected Real Property,
and do not interfere with the ordinary conduct of business of the applicable Group Member; and 
 (g) rights of lessors under Eligible Ground
Leased Assets. 
 “Permitted Equity Encumbrances”: 

(a) Liens and Negative Pledges pursuant to any Loan Document; 

(b) Liens imposed by law for Taxes or other related governmental charges or claims that are not yet due or that are being contested in good
faith by appropriate proceedings; provided that adequate reserves with respect thereto are maintained on the books of the applicable Group Member in conformity with GAAP; and 

(c) Liens arising from judgments or decrees for the payment of money in circumstances that do not constitute an Event of Default under
Section 10.1(j). 
 “Permitted Pari Passu Provisions” means provisions that are contained in
documentation evidencing or governing Pari Passu Obligations which provisions are the result of (a) limitations on the ability of the Parent Borrower or a Subsidiary to make Restricted Payments or transfer property to the Parent Borrower, any
Loan Party or any Qualified Asset Owner which limitations are not, taken as a whole, materially more restrictive than those contained in this Agreement, (b) limitations on the creation of any Lien on any assets of a Person that are not, taken
as a whole, materially more restrictive than those contained in this Agreement or any other Loan Document or (c) any requirement that Pari Passu Obligations be secured on an “equal and ratable basis” to the extent that the Obligations
are secured. 

  
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 “Person”: an individual, partnership, corporation, limited liability
company, business trust, joint stock company, trust, unincorporated association, joint venture, Governmental Authority or other entity of whatever nature. 

“Plan”: any employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or
Section 412 of the Code or Section 302 of ERISA, and in respect of which the Group Member or any ERISA Affiliate is (or, if such plan were terminated, would under Section 4069 of ERISA be deemed to be) an employer” as defined in
Section 3(5) of ERISA. 
 “Platform”: as defined in Section 8.2. 

“Private Lenders”: Lenders that wish to receive Private-Side Information. 

“Private-Side Information”: any information with respect to the Company and its Subsidiaries that is not Public-Side
Information. 
 “Pro Forma Balance Sheet”: as defined in Section 6.1. 

“Pro Forma Balance Sheet Date”: as defined in Section 6.1. 

“Pro Forma Basis”: with respect to the calculation of the Financial Covenants or otherwise for purposes of determining the
Total Leverage Ratio, EBITDA or Interest Expense as of any date, that such calculation shall give pro forma effect to all Permitted Acquisitions, all issuances, incurrences or assumptions of Indebtedness (with any such Indebtedness being deemed to
be amortized over the applicable testing period in accordance with its terms) and all sales, transfers or other Dispositions of any material assets outside the ordinary course of business (and any related prepayments or repayments of Indebtedness)
that have occurred during (or, if such calculation is being made for the purpose of determining whether any proposed acquisition will constitute a Permitted Acquisition, since the beginning of) the then-applicable Reference Period as if they
occurred on the first day of such Reference Period (excluding cost savings, synergies, operating expense reductions and other operating improvements). If any Indebtedness bears a floating rate of interest and is being given pro forma effect, the
interest on such Indebtedness shall be calculated as if the rate in effect on the date of determination had been the applicable rate for the entire period (taking into account any Swap Agreement applicable to such Indebtedness if such Swap Agreement
has a remaining term in excess of 12 months). 
 “Pro Forma Closing Date Compliance Certificate”: has the meaning specified
in Section 7.1(n). 
 “Prohibited Transaction”: a
non-exempt prohibited transaction as defined in Section 406 of ERISA or Section 4975(c) of the Code. 

“Properties”: as defined in Section 6.15(a). 

  
 37 

 “PTE”: a prohibited transaction class exemption issued by the U.S.
Department of Labor, as any such exemption may be amended from time to time. 
 “Public Lenders”: Lenders that do not wish
to receive Private-Side Information. 
 “Public-Side Information”: information that is either (a) available to all
holders of Traded Securities of the Company, the Parent Borrower and their respective Subsidiaries or (b) not material non-public information (for purposes of United States federal, state or other
applicable securities laws). 
 “Qualified Asset”: any Eligible Owned Asset or Eligible Ground Leased Asset. 

“Qualified Asset Owners”: as to any Qualified Asset, means each Direct Owner and Indirect Owner thereof that is a
Wholly-Owned Subsidiary of the Parent Borrower and either (a) is a Designated Borrower or a Subsidiary Guarantor or (b) is not a borrower or guarantor of, and does not otherwise have a payment obligation in respect of, any Indebtedness
(other than Pari Passu Obligations and Indebtedness arising under the Facilities). 
 “Qualified Counterparty”: with
respect to any Swap Agreement entered into by the Parent Borrower or any of its Subsidiaries, any counterparty thereto that (a) is the Administrative Agent, a Bookrunner, a Lead Arranger or any Affiliate of the foregoing, (b) at the time
it entered into such Swap Agreement with the Parent Borrower or any of its Subsidiaries, was the Administrative Agent, a Bookrunner, a Lead Arranger or an Affiliate of the foregoing, (c) with respect to any such Swap Agreement entered into on
or prior to the Closing Date, is a Lender or an Affiliate of a Lender on the Closing Date and (d) with respect to any such Swap Agreement entered into after the Closing Date, is a Lender or an Affiliate of a Lender at the time such Swap
Agreement is entered into. 
 “Qualified ECP Guarantor”: in respect of any Specified Swap Obligation, each Loan Party that
has total assets exceeding $10,000,000 at the time the relevant Guarantee Obligation or grant of the relevant security interest becomes or would become effective with respect to such Specified Swap Obligation and each other Loan Party that
constitutes an “eligible contract participant” under the Commodity Exchange Act and can cause another person to qualify as an “eligible contract participant” at such time by guaranteeing or entering into a keepwell
in respect of obligations of such other person under Section la(18)(A)(v)(II) of the Commodity Exchange Act. 
 “Qualified JV
Debt”: Indebtedness of an Unconsolidated Affiliate that is secured by cash collateral provided by the holders of Capital Stock in such Unconsolidated Affiliate. 

“Rate Determination Date”: two (2) Business Days prior to the commencement of an Interest Period (or such other day as
is generally treated as the rate fixing day by market practice in such interbank market, as determined by the Administrative Agent; provided that to the extent such market practice is not administratively feasible for the Administrative
Agent, such other day as otherwise reasonably determined by the Administrative Agent in consultation with the Parent Borrower). 

  
 38 

 “Real Property”: collectively, all right, title and interest (including any
leasehold estate) in and to any and all parcels of or interests in real property owned in fee or leased by any Group Member, together with, in each case, all easements, hereditaments and appurtenances relating thereto, all improvements and
appurtenant fixtures incidental to the ownership or lease thereof. 
 “Recipient”: (a) the Administrative Agent,
(b) any Letter of Credit Issuer, (c) any Lender and (d) any other recipient of any payment to be made by or on account of any obligation of any Loan Party hereunder, as applicable. 

“Recourse Indebtedness”: with respect to any Person, Indebtedness of such Person other than
Non-Recourse Indebtedness of such Person and Indebtedness under the Loan Documents. 

“Reference Period”: in effect at any time, the most recent period of four consecutive fiscal quarters of the Parent Borrower
ended on or prior to such time (taken as one accounting period) in respect of which financial statements for each quarter or fiscal year in such period have been or are required to be delivered pursuant to Section 8.1(a) or
(b), as applicable. 
 “Register”: as defined in Section 12.6(b). 

“Regulation U”: Regulation U of the Board as in effect from time to time. 

“Reimbursement Date”: as defined in Section 3.4(a). 

“Reimbursement Obligations”: the Parent Borrower’s obligations to reimburse Unpaid Drawings pursuant to
Section 3.4(a). 
 “REIT”: as defined in Section 6.9. 

“Related Parties”: with respect to any specified Person, such Person’s Affiliates and the respective directors,
officers, employees, agents, trustees, managers, advisors, representatives and controlling persons of such Person. 

“Release”: any release, spill, emission, leaking, dumping, injection, pouring, deposit, disposal, discharge, dispersal,
leaching or migration into or through the indoor or outdoor environment. 
 “Relevant Governmental Body” means the Federal
Reserve Board and/or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Federal Reserve Board and/or the Federal Reserve Bank of New York for the purpose of recommending a benchmark rate to replace LIBOR in
loan agreements similar to this Agreement. 
 “Reportable Event”: any of the events set forth in Section 4043(c) of
ERISA, other than those events as to which the thirty (30) day notice period is waived under applicable regulations, with respect to a Pension Plan. 

“Required Lenders”: at any time, the Lenders that are not Defaulting Lenders having or holding more than 50% of the aggregate
Revolving Credit Exposure (other than the Outstanding Amount of any Bid Loans), unused Commitments (determined without giving effect to any Bid Loans outstanding on such date) and Outstanding Amount of Term Loans of Lenders that are not Defaulting
Lenders at such time; provided, that unreimbursed amounts owed to any Letter of Credit Issuer that any Defaulting Lender has failed to fund that have not been reallocated and funded by another Lender shall be deemed to be held by the
applicable Letter of Credit Issuer in making such determination. 

  
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 “Required Revolving Credit Lenders”: at any time, Lenders that are not
Defaulting Lenders having or holding more than 50% of the aggregate Revolving Credit Exposure and unused Revolving Credit Commitments of Lenders that are not Defaulting Lenders at such time; provided, that unreimbursed amounts owed to any
Letter of Credit Issuer that any Defaulting Lender has failed to fund that have not been reallocated and funded by another Lender shall be deemed to be held by the applicable Letter of Credit Issuer in making such determination. 

“Required Term A-1 Lenders”: at any time, Lenders that are not Defaulting Lenders
having or holding more than 50% of the aggregate principal amount of Term A-1 Loans of Lenders that are not Defaulting Lenders outstanding at such time. 

“Required Term A-2 Lenders”: at any time, Lenders that are not Defaulting Lenders
having or holding more than 50% of the aggregate principal amount of Term A-2 Loans of Lenders that are not Defaulting Lenders outstanding at such time. 

“Required Tranche Lenders”: at any time, with respect to matters relating to Alternative Currency Commitments and Alternative
Currency Tranche Loans only or Dollar Tranche Commitments and Dollar Tranche Loans only, Lenders that are not Defaulting Lenders having or holding more than 50% of the aggregate amount of (a) all Alternative Currency Tranche Loans and unused
Alternative Currency Commitments or (b) all Dollar Tranche Loans and unused Dollar Tranche Commitments, as the case may be, of Lenders that are not Defaulting Lenders at such time; provided that in the case of Dollar Tranche Commitments
and Dollar Tranche Loans, unreimbursed amounts owed to any Letter of Credit Issuer that any Defaulting Lender has failed to fund that have not been reallocated and funded by another Dollar Tranche Lender shall be deemed to be held by the applicable
Letter of Credit Issuer in making such determination. 
 “Requirement of Law”: as to any Person, the certificate of
incorporation and by-laws or other organizational or Governing Documents of such Person, and any law, treaty, rule or regulation or determination 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. 

“Resignation Effective Date”: as defined in Section 11.19. 

“Resolution Authority”: an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution
Authority. 
 “Responsible Officer”: (i) the Chairman of the Board, the President, the Chief Executive Officer, the Chief
Financial Officer, the General Counsel, any Senior Vice President, with respect to certain limited liability companies or partnerships that do not have officers, any manager, managing member or general partner thereof, any other senior officer of
the Company, the Parent Borrower or any other Loan Party designated as such in writing to the Administrative Agent by the Company, the Parent Borrower or any other Loan Party, as applicable, but in any event, with respect to financial matters, a
Financial Officer of the applicable Loan Party, (ii) solely for 

  
 40 

 
purposes of the delivery of incumbency certificates pursuant to Section 7.1, the secretary or any assistant secretary of a Loan Party and (iii) solely for
purposes of notices given pursuant to Article II and Article III, any other officer or employee of the applicable Loan Party so designated by any of the foregoing officers in a notice to the Administrative Agent or any other officer or
employee of the applicable Loan Party designated in or pursuant to an agreement between the applicable Loan Party and the Administrative Agent. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be
conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party. 

“Restricted Payments”: as defined in Section 9.5. 

“Revaluation Date”: (a) with respect to any Loan, each of the following: (i) each date of a Borrowing of a Eurocurrency
Committed Loan denominated in an Alternative Currency, (ii) each date of a continuation of a Eurocurrency Committed Loan denominated in an Alternative Currency pursuant to Section 2.2, and (iii) such additional
dates as the Administrative Agent shall determine or the Required Lenders shall require; and (b) with respect to any Letter of Credit, each of the following: (i) each date of issuance of a Letter of Credit denominated in an Alternative
Currency, (ii) each date of an amendment of any such Letter of Credit having the effect of increasing the amount thereof, (iii) each date of any payment by a Letter of Credit Issuer under any Letter of Credit denominated in an Alternative
Currency, and (iv) such additional dates as the Administrative Agent or the applicable Letter of Credit Issuer shall determine or the Required Lenders shall require. 

“Revolving Credit Commitment”: with respect to each Revolving Credit Lender (to the extent applicable), its Dollar Tranche
Commitment and/or its Alternative Currency Commitment, as the context may require. 
 “Revolving Credit Commitment
Percentage”: with respect to any Lender at any time, subject to adjustment as provided in Section 2.16, (i) with respect to matters relating to Alternative Currency Commitments and/or Alternative Currency Tranche
Loans only, a fraction (expressed as a percentage, carried out to the ninth decimal place) the numerator of which is such Lender’s Alternative Currency Commitment at such time and the denominator of which is the amount of the Alternative
Currency Tranche at such time, (ii) with respect to matters relating to Dollar Tranche Commitments and Dollar Tranche Loans (including L/C Obligations) only, a fraction (expressed as a percentage, carried out to the ninth decimal place) the
numerator of which is such Lender’s Dollar Tranche Commitment at such time and the denominator of which is the amount of the Dollar Tranche at such time a fraction (expressed as a percentage, carried out to the ninth decimal place) and
(iii) in all other cases, the numerator of which is such Lender’s Revolving Credit Commitment (including, for the avoidance of doubt, both any Dollar Tranche Commitment and any Alternative Currency Commitment of such Lender) at such time
and the denominator of which is the amount of the Total Revolving Credit Commitment at such time; provided that if the commitment of each Revolving Credit Lender to make Revolving Credit Loans and the obligation of each Letter of Credit
Issuer to make L/C Credit Extensions have been terminated pursuant to Section 10.1 or if the Total Revolving Credit Commitments have expired, then the Revolving Credit Commitment Percentage of each Lender shall be
determined based on the Revolving Credit Commitment Percentage of such Lender most recently in effect, giving effect to any subsequent assignments. The initial Revolving Credit Commitment Percentages of each Lender are set forth opposite the name of
such Lender on Schedule 1.1A or in the Assignment and Assumption or Joinder Agreement pursuant to which such Lender becomes a party hereto, as applicable. 

  
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 “Revolving Credit Exposure”: with respect to any Lender at any time, the
sum of the aggregate Outstanding Amount of (a) all Revolving Credit Loans of such Lender at such time, and (b) such Lender’s Letter of Credit Exposure at such time. 

“Revolving Credit Extension Request”: as defined in Section 2.14(h)(ii). 

“Revolving Credit Lender”: at any time, any Lender that has a Revolving Credit Commitment at such time. 

“Revolving Credit Loan”: a Dollar Tranche Loan and/or an Alternative Currency Tranche Loan, as the context may require. 

“Revolving Credit Termination Date”: the date on which the Revolving Credit Commitments shall have terminated, no Revolving
Credit Loans shall be outstanding and the L/C Obligations shall have been reduced to zero or Cash Collateralized. 
 “Revolving Loan
Extension Notice”: as defined in Section 2.17(a). 
 “Revolving Loan Maturity Date”:
initially, March 26, 2024 (such date, the “Initial Revolving Loan Maturity Date”), subject to extension in accordance with Section 2.17. 

“S&P”: S&P Global Ratings, a division of S&P Global Inc., and any successor to its rating agency business. 

“Same Day Funds”: (a) with respect to disbursements and payments in Dollars, immediately available funds, and (b) with
respect to disbursements and payments in an Alternative Currency, same day or other funds as may be determined by the Administrative Agent or the applicable Letter of Credit Issuer, as the case may be, to be customary in the place of disbursement or
payment for the settlement of international banking transactions in the relevant Alternative Currency. 
 “Sanctioned
Country”: at any time, a country, region or territory which is, or the government of which is, the subject or target of any Sanctions. 

“Sanctioned Person”: at any time, any Person (a) that is the subject of Sanctions or listed in any Sanctions-related
list of designated Persons maintained by OFAC or the U.S. Department of State, the European Union, the United Nations, Her Majesty’s Treasury or any Governmental Authority with jurisdiction over any Loan Party, (b) operating, organized or
resident in a Sanctioned Country, (c) that is publicly identified as prohibited from doing business with the United States under the International Emergency Economic Powers Act, the Trading With the Enemy Act, or any other Requirement of Law or
(d) owned or controlled by any such Person or Persons. 

  
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 “Sanctions”: economic or financial sanctions or trade embargoes imposed,
administered or enforced from time to time by the U.S. government, including those administered by OFAC or the U.S. Department of State, the European Union, the United Nations, Her Majesty’s Treasury and sanctions under other similar
Requirements of Law of other jurisdictions in which a Person conducts its business. 
 “SEC”: the Securities and Exchange
Commission, any successor thereto and any analogous Governmental Authority. 
 “Secured Indebtedness”: with respect to any
Person, all Indebtedness of such Person that is secured by a Lien. 
 “Secured Leverage Ratio”: as of the last day of any
Reference Period, the ratio (expressed as a percentage) of (a) Consolidated Secured Indebtedness as of such date to (b) Total Asset Value as of such date. Notwithstanding anything to the contrary contained herein, for the purposes of this
ratio, (i) Consolidated Secured Indebtedness on any date shall be adjusted by deducting therefrom an amount equal to the lesser of (x) the aggregate amount of Consolidated Secured Indebtedness outstanding on such date that by its terms is
scheduled to mature on or before the date that is twenty-four (24) months following such date and (y) the aggregate amount of all Cash and Cash Equivalents of the Company and its Subsidiaries on a consolidated basis on such date that are
not subject to any Negative Pledge or Lien (excluding statutory Liens in favor of any depositary bank where any such Cash is maintained) to the extent such amount exceeds $35,000,000 and such excess amount is available for the repayment of
Consolidated Secured Indebtedness of the type described in clause (x) (excluding any portion of such Cash and Cash Equivalents used to determine the Unencumbered Leverage Ratio as of such date) and (ii) Total Asset Value shall be adjusted by
deducting therefrom the amount by which Consolidated Secured Indebtedness is adjusted under clause (i). 
 “Securities”:
any stock, shares, partnership interests, voting trust certificates, certificates of interest or participation in any profit-sharing agreement or arrangement, options, warrants, bonds, debentures, notes, or
other evidences of indebtedness, secured or unsecured, convertible, subordinated or otherwise, or in general any instruments commonly known as “securities” or any certificates of interest, shares or participations in temporary or interim
certificates for the purchase or acquisition of, or any right to subscribe to, purchase or acquire, any of the foregoing. 

“Shareholders’ Equity”: as of any date of determination, consolidated shareholders’ equity of the Company and its
Subsidiaries as of that date determined in accordance with GAAP. 
 “Single Asset Entity”: a Person (other than an
individual) that (a) only owns a single real property and/or cash and other assets of nominal value incidental to such Person’s ownership of such real property; (b) is engaged only in the business of owning, developing and/or leasing
such real property and activities incidental thereto; and (c) receives substantially all of its gross revenues from such real property. In addition, if the assets of a Person consist solely of (i) Capital Stock in one or more other Single
Asset Entities and (ii) cash and other assets of nominal value incidental to such Person’s ownership of the other Single Asset Entities, such Person shall also be deemed to be a Single Asset Entity for purposes of this Agreement (such an
entity, a “Single Asset Holding Company”). 

  
 43 

 “Single Asset Holding Company”: as defined in the definition of
“Single Asset Entity”. 
 “SOFR” with respect to any day means the secured overnight financing rate published for
such day by the Federal Reserve Bank of New York, as the administrator of the benchmark (or a successor administrator) on the Federal Reserve Bank of New York’s website (or any successor source) and, in each case, that has been selected or
recommended by the Relevant Governmental Body. 
 “SOFR-Based Rate” means SOFR or Term SOFR. 

“Solvent”: with respect to any Person, as of any date of determination, (a) the amount of the “present fair
saleable value” (determined on a going concern basis) of the assets of such Person will, as of such date, exceed the amount of all “liabilities of such Person, contingent or otherwise”, as of such date, as such quoted terms are
determined in accordance with applicable federal and state laws governing determinations of the insolvency of debtors, (b) the present fair saleable value (determined on a going concern basis) of the assets of such Person will, as of such date,
be greater than the amount that will be required to pay the liability of such Person on its debts as such debts become absolute and matured in the ordinary course, (c) such Person will not have, as of such date, an unreasonably small amount of
capital with which to conduct its business as contemplated on the date hereof, and (d) such Person will be able to pay its debts as they mature in the ordinary course. 

“Special Notice Currency”: at any time, an Alternative Currency other than the currency of a country that is a member of the
Organization for Economic Cooperation and Development at such time located in North America or Europe. 
 “Specified Cash Management
Agreement”: any Cash Management Agreement that is entered into by and between the Parent Borrower or any of its Subsidiaries and any Cash Management Bank, which is specified in a Designation Notice delivered to the Administrative Agent by
such Cash Management Bank and acknowledged in writing by the Parent Borrower, as constituting a Specified Cash Management Agreement hereunder. 

“Specified Cash Management Obligations”: all obligations of any Loan Party (whether absolute or contingent and whenever
created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor)), as applicable, under any Specified Cash Management Agreement. 

“Specified Jurisdiction”: each of the United States, Canada, Australia and New Zealand, together with such other
jurisdictions as may be agreed to by the Administrative Agent and the Required Lenders. 
 “Specified Swap Agreement”: any
Swap Agreement that is entered into by and between the Parent Borrower or any of its Subsidiaries and any Qualified Counterparty, which is specified in a Designation Notice delivered to the Administrative Agent by such Qualified Counterparty and
acknowledged in writing by the Parent Borrower, as constituting a Specified Swap Agreement hereunder. For purposes of the preceding sentence, one Designation Notice designating all Swap Agreements entered into pursuant to a specified Master
Agreement as “Specified Swap Agreements” may be delivered to the Administrative Agent. 

  
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 “Specified Swap Obligations”: all obligations of any Loan Party (whether
absolute or contingent and whenever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor)), as applicable, under any Specified Swap Agreement; provided that, in the
case of any Excluded Swap Guarantor, “Specified Swap Obligations” shall not include any Excluded Swap Obligations of such Excluded Swap Guarantor. 

“Spot Rate”: for a currency, the rate determined by the Administrative Agent or a Letter of Credit Issuer, as applicable, to
be the rate quoted by the Person acting in such capacity as the spot rate for the purchase by such Person of such currency with another currency through its principal foreign exchange trading office at approximately 11:00 a.m. on the date two
Business Days prior to the date as of which the foreign exchange computation is made; provided that the Administrative Agent or the applicable Letter of Credit Issuer may obtain such spot rate from another financial institution or by
reference to such other publicly available service for displaying exchange rates as may be designated by the Administrative Agent or such Letter of Credit Issuer if the Person acting in such capacity does not have as of the date of determination a
spot buying rate for any such currency; and provided further that such Letter of Credit Issuer may use such spot rate quoted on the date as of which the foreign exchange computation is made in the case of any Letter of Credit
denominated in an Alternative Currency. 
 “Stabilized Property”: has the meaning specified in the definition of
“Development Property”. 
 “Stated Amount”: with respect to any Letter of Credit, the Dollar Equivalent of the
maximum amount from time to time available to be drawn thereunder, determined without regard to whether any conditions to drawing could then be met; provided, however, that with respect to any Letter of Credit that by its terms or the
terms of any Issuer Document provides for one or more automatic increases in the stated amount thereof, the Stated Amount shall be deemed to be the Dollar Equivalent of the maximum stated amount of such Letter of Credit after giving effect to all
such increases, whether or not such maximum stated amount is in effect at such time. 
 “Sterling” and
“£” mean the lawful currency of the United Kingdom. 
 “Subsidiary”: as to any Person, a
corporation, partnership, limited liability company or other entity of which shares of stock or other ownership interests having ordinary voting power 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 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 Parent Borrower. For the avoidance of doubt, the term “Subsidiary” includes a “Subsidiary” as defined in the Australian Corporations
Act, but as if a body corporate includes any entity including a trust. 
 “Subsidiary Guarantor”: each Subsidiary that
directly operates, owns or leases a Qualified Asset (each, a “Direct Owner”) and each Subsidiary that is a direct or indirect owner of any such Direct Owner (as to such Qualified Asset, an “Indirect Owner”), in each
case that is a borrower or guarantor of, or otherwise has a payment obligation in respect of, any Indebtedness (other than Pari Passu Obligations and Indebtedness arising under the Facilities). 

  
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 “Swap Agreement”: any agreement with respect to any swap, forward, future
or derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic,
financial or pricing risk or value or any similar transaction or any combination of these transactions; provided that no phantom stock or similar plan providing for payments only on account of services provided by current or former directors,
officers, employees or consultants of any Loan Party or any of their respective Subsidiaries shall be a “Swap Agreement”. 

“Swap Termination Value”: in respect of any one or more Swap Agreements, after taking into account the effect of any legally
enforceable netting agreement relating to such Swap Agreements, (a) for any date on or after the date such Swap Agreements have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and
(b) for any date prior to the date referenced in clause (a) above, the amount(s) determined as the mark-to-market value(s) for such Swap Agreements, as
determined in accordance with the terms thereof and in accordance with customary methods for calculating mark-to-market values under similar agreements between the
parties to such Swap Agreements (which may include a Lender or any Affiliate of a Lender). 
 “Syndication Agents”:
JPMorgan Chase Bank, N.A., Citibank, N.A., Royal Bank of Canada, Coöperatieve Rabobank U.A., New York Branch, and Truist Bank, each in its capacity as a syndication agent under this Agreement. 

“TARGET2”: the Trans-European Automated Real-time Gross Settlement Express Transfer payment system which utilizes a single
shared platform and which was launched on November 19, 2007. 
 “TARGET Day”: any day on which TARGET2 (or, if such
payment system ceases to be operative, such other payment system, if any, determined by the Administrative Agent to be a suitable replacement) is open for the settlement of payments in Euro. 

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

“Term A-1 Commitment”: as to each Term A-1
Lender, its obligation to make Term A-1 Loans to the Borrowers pursuant to Section 2.1(a) in an aggregate principal amount at any one time outstanding not to exceed the Dollar amount
set forth opposite such Term A-1 Lender’s name on Schedule 1.1A under the caption “Term A-1 Commitment”. 

“Term A-1 Lender”: a Lender with a Term A-1
Commitment or an outstanding Term A-1 Loan. 
 “Term
A-1 Loan”: an advance made by any Term A-1 Lender under the Term A-1 Loan Facility made pursuant to and in accordance
with this Agreement. 

  
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 “Term A-1 Loan Facility”: at any
time, the aggregate Outstanding Amount of all Term A-1 Loans of all Term A-1 Lenders at such time. The Term A-1 Loan Facility on
the Closing Date is $425,000,000. 
 “Term A-2 Commitment”: as to each Term A-2 Lender, its obligation to make Term A-2 Loans to the Borrowers pursuant to Section 2.1(a) in an aggregate principal amount at any one time
outstanding not to exceed the Canadian Dollar amount set forth opposite such Term A-2 Lender’s name on Schedule 1.1A under the caption “Term A-2
Commitment”. 
 “Term A-2 Lender”: a Lender with a Term A-2 Commitment or an outstanding Term A-2 Loan. 
 “Term A-2 Loan”: an advance made by any Term A-2 Lender under the Term A-2 Loan Facility made pursuant to and in accordance with
this Agreement. 
 “Term A-2 Loan Facility”: at any time, the aggregate Outstanding
Amount of all Term A-2 Loans of all Term A-2 Lenders at such time. The Term A-2 Loan Facility on the Closing Date is
C$250,000,000. 
 “Term Commitment”: a Term A-1 Commitment or a Term A-2 Commitment. 
 “Term Lender”: a Term A-1
Lender or a Term A-2 Lender. 
 “Term Loan”: a Term
A-1 Loan, a Term A-2 Loan or an advance made in connection with any Incremental Term Loan Increase or an Additional TL Tranche, in each case made pursuant to and in
accordance with this Agreement. 
 “Term Loan Facility”: collectively, the Term A-1
Loan Facility and the Term A-2 Loan Facility. 
 “Term Loan Maturity Date”: with
respect to the Term A-1 Loan Facility and the Term A-2 Loan Facility, March 26, 2025, and, with respect to any Additional TL Tranche, subject to
Section 2.15(a), the date set forth in the Additional TL Tranche Documents with respect thereto as the “Maturity Date” for such Additional TL Tranche or, if such Additional TL Tranche Documents fail to specify a
“Maturity Date”, the Maturity Date shall be the latest Maturity Date (giving effect to any available extension options) of any then existing Facility. 

“Term SOFR” means the forward-looking term rate for any period that is approximately (as determined by the Administrative
Agent) as long as any available interest period option under the Loan Documents and that is based on SOFR and that has been selected or recommended by the Relevant Governmental Body, in each case as published on an information service as selected by
the Administrative Agent from time to time in its reasonable discretion. 
 “Total Asset Value”: on any date, without
duplication, the sum of: 
 (a) with respect to Real Property (other than Newly Acquired Properties, Development and Newly Stabilized
Properties) owned or ground leased as of such date by the Parent Borrower or any Subsidiary and used in a business permitted under Section 8.3, the sum of the Eligible Values at such time of each such Real Property, 

  
 47 

 (b) with respect to each operating asset owned or leased as of such date by the Company or
any Subsidiary and used in a business permitted under Section 8.3, the sum of the portion of EBITDA attributable to each such asset for the most recently ended Reference Period multiplied by (x) with respect to
any limestone quarry operating asset, 6.0, or (y) with respect to any other operating asset, 8.0; provided, that with respect to any such operating asset owned or leased by the Company or such Subsidiary for less than four full quarters
as of such date, the purchase price paid for such asset, 
 (c) with respect to any Newly Acquired Property (other than a Development
Property or a Newly Stabilized Property), the purchase price paid for such Real Property; 
 (d) with respect to any (i) Development
Property (until such Development Property becomes a Stabilized Property) and (ii) Newly Stabilized Property that has been a Newly Stabilized Property for less than one full fiscal quarter as of such date, the lesser of (x) cost or
(y) market value in accordance with GAAP; 
 (e) with respect to any Newly Stabilized Property that has been a Newly Stabilized Property
for at least one full fiscal quarter but less than two full fiscal quarters as of such date, an amount equal to the portion of EBITDA for the most recent full fiscal quarter ended on or prior to such date in respect of which financial statements for
such quarter or fiscal year have been or are required to be delivered pursuant to Section 8.1(a) or (b), as applicable, that is attributable to such Newly Stabilized Property multiplied by 4, divided by
the Capitalization Rate (but in no event less than zero); 
 (f) with respect to any Newly Stabilized Property that has been a Newly
Stabilized Property for at least two full fiscal quarters but less than three full fiscal quarters as of such date, an amount equal to the portion of EBITDA for the most recent period of two full fiscal quarters ended on or prior to such date (taken
as one accounting period) in respect of which financial statements for such each quarter or fiscal year in such period have been or are required to be delivered pursuant to Section 8.1(a) or (b), as applicable, that
is attributable to such Newly Stabilized Property multiplied by 2, divided by the Capitalization Rate (but in no event less than zero); 

(g) with respect to any Newly Stabilized Property that has been a Newly Stabilized Property for at least three full fiscal quarters but less
than four full fiscal quarters as of such date, an amount equal to the portion of EBITDA for the most recent period of three full fiscal quarters ended on or prior to such date (taken as one accounting period) in respect of which financial
statements for each quarter or fiscal year in such period have been or are required to be delivered pursuant to Section 8.1(a) or (b), as applicable, that is attributable to such Newly Stabilized Property
multiplied by 4/3, divided by the Capitalization Rate (but in no event less than zero); and 
 (h) with respect to any business
managed by the Company or any Subsidiary and any business operated by the Company or any Subsidiary as part of such Person’s transportation business segment, in each case, to the extent such business is permitted under
Section 8.3, the sum of the portion of EBITDA attributable to each such business for the most recently ended Reference Period multiplied by 8.0; 

  
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 provided that: 

(i) not more than 30% of the Total Asset Value at any time may be attributable to Qualified Assets located in a Specified
Jurisdiction other than the United States, with any excess over such limit being excluded from the Total Asset Value; 
 (ii)
not more than 25% of the Total Asset Value at any time may be attributable to, without duplication, (x) Development Properties and (y) Real Properties that are owned or operated by a Person that is not a Wholly-Owned Subsidiary of the
Company, with any excess over such limit being excluded from the Total Asset Value; and 
 (iii) not more than 15% of the
Total Asset Value at any time may be attributable to Development Properties, with any excess over such limit being excluded from the Total Asset Value. 

“Total Extensions of Credit”: at any time, the sum of (a) the aggregate Outstanding Amount of Loans at such time and
(b) the aggregate Outstanding Amount of L/C Obligations at such time. 
 “Total Indebtedness”: without duplication,
all Indebtedness of the Company, the Parent Borrower and their consolidated Subsidiaries. 
 “Total Leverage Ratio”: as of
the last day of any Reference Period, the ratio (expressed as a percentage) of (a) Total Indebtedness on such day to (b) Total Asset Value on such day. Notwithstanding anything to the contrary contained herein, for the purposes of this
ratio, (i) Total Indebtedness on any date shall be adjusted by deducting therefrom an amount equal to the lesser of (x) the aggregate amount of Total Indebtedness outstanding on such date that by its terms is scheduled to mature on or
before the date that is twenty-four (24) months following such date and (y) the aggregate amount of all Cash and Cash Equivalents of the Company and its Subsidiaries on a consolidated basis on such date that are not subject to any Negative
Pledge or Lien (excluding statutory Liens in favor of any depositary bank where any such Cash is maintained) to the extent such amount exceeds $35,000,000 and such excess amount is available for the repayment of Total Indebtedness of the type
described in clause (x) and (ii) Total Asset Value shall be adjusted by deducting therefrom the amount by which Total Indebtedness is adjusted under clause (i). 

“Total Revolving Credit Commitment”: the sum of the Revolving Credit Commitments of all the Lenders. On the Closing Date, the
Total Revolving Credit Commitment is $800,000,000. 
 “Total Unsecured Interest Expense”: for any Reference Period, the
portion of Interest Expense for such period attributable to Total Unsecured Indebtedness. 

  
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 “Total Unsecured Indebtedness”: without duplication, all Unsecured
Indebtedness of the Company, the Parent Borrower and their consolidated Subsidiaries (including all Indebtedness arising under the Facilities). 

“Traded Securities”: any debt or equity Securities issued pursuant to a public offering or Rule 144A offering or other
similar private placement.  
 “Tranche” means, with respect to a Revolving Credit Loan, its character as a Dollar
Tranche Loan or an Alternative Currency Tranche Loan. 
 “Transaction Costs”: all fees, costs and expenses incurred by the
Borrower and its Subsidiaries in connection with the Transactions. 
 “Transactions”: the collective reference to
(a) the execution, delivery and performance by the Parent Borrower and each Loan Party of the Loan Documents (including this Agreement), the borrowing of the Loans, the use of proceeds thereof and the issuance of Letters of Credit hereunder ,
(b) the repayment in full of all obligations under the Existing Credit Agreement, the termination of all commitments to lend thereunder and the termination and release of all Guarantee Obligations in respect thereof and (c) the payment of the
Transaction Costs. 
 “Transferee”: any Assignee or Participant. 

“Type”: (a) as to any Revolving Credit Loan or Term Loan, its nature as a Base Rate Loan, a LIBOR Floating Rate Loans or a
Eurocurrency Loan and (b) with respect to a Bid Loan, its character as an Absolute Rate Loan or a Eurocurrency Margin Bid Loan. 

“UCP”: with respect to any Letter of Credit, the Uniform Customs and Practice for Documentary Credits, International Chamber
of Commerce (“ICC”) Publication No. 600 (or such later version thereof as may be in effect at the time of issuance). 

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

“Unconsolidated Affiliate”: in respect of any Person, any other Person in whom such Person holds an investment in Capital
Stock, which investment is accounted for in the financial statements of such Person on an equity basis of accounting and whose financial results would not be consolidated under GAAP with the financial results of such first Person on the consolidated
financial statements of such first Person. 

  
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 “Unencumbered Asset Value”: as of the last day of any Reference Period,
without duplication, the sum of: 
 (a) Unencumbered NOI for such Reference Period, divided by (ii) the Capitalization Rate; 

(b) with respect to any Qualified Asset that is a Newly Acquired Property (other than a Development Property or a Newly Stabilized Property),
the purchase price paid for such Qualified Asset; 
 (c) with respect to Qualified Asset that is a (i) Development Property (until such
Development Property becomes a Stabilized Property) or a (ii) Newly Stabilized Property that has been a Newly Stabilized Property for less than one full fiscal quarter as of such date, the lesser of (x) cost or (y) market value in
accordance with GAAP; 
 (d) with respect to any Qualified Asset that has been a Newly Stabilized Property for at least one full fiscal
quarter but less than two full fiscal quarters as of such date, an amount equal to the portion of EBITDA for the most recent full fiscal quarter ended on or prior to such date in respect of which financial statements for such quarter or fiscal year
have been or are required to be delivered pursuant to Section 8.1(a) or (b), as applicable, that is attributable to such Newly Stabilized Property multiplied by 4 (but in no event less than zero); 

(e) with respect to any Qualified Asset that has been a Newly Stabilized Property for at least two full fiscal quarters but less than three
full fiscal quarters as of such date, an amount equal to the portion of EBITDA for the most recent period of two full fiscal quarters ended on or prior to such date (taken as one accounting period) in respect of which financial statements for each
quarter or fiscal year in such period have been or are required to be delivered pursuant to Section 8.1(a) or (b), as applicable, that is attributable to such Newly Stabilized Property multiplied by 2 (but in no
event less than zero); and 
 (f) with respect to any Qualified Asset that has been a Newly Stabilized Property for at least three full
fiscal quarters but less than four full fiscal quarters as of such date, an amount equal to the portion of EBITDA for the most recent period of three full fiscal quarters ended on or prior to such date (taken as one accounting period) in respect of
which financial statements for each quarter or fiscal year in such period have been or are required to be delivered pursuant to Section 8.1(a) or (b), as applicable, that is attributable to such Newly Stabilized
Property multiplied by 4/3 (but in no event less than zero); 
 provided that: 

(i) not more than 30% of the Unencumbered Asset Value at any time may be attributable to Qualified Assets located in a Specified Jurisdiction
other than the United States, with any excess over such limit being excluded from the Unencumbered Asset Value; 
 (ii) not more than 20% of
the Unencumbered Asset Value at any time may be attributable to Eligible Ground Lease Assets, with any excess over such limit being excluded from the Unencumbered Asset Value; 

(iii) not more than 10% of the Unencumbered Asset Value at any time may be attributable to Development Properties, with any excess over such
limit being excluded from the Unencumbered Asset Value; 

  
 51 

 (iv) not more than 10% of the Unencumbered Asset Value at any time may be in respect of any
single Qualified Asset, with any excess over such limit being excluded from the Unencumbered Asset Value; and 
 (v) not more than 50% of
Unencumbered Asset Value at any time may be attributable to the Qualified Assets described in clauses (i), (ii) and (iii) above, with any excess over such limit being excluded from the Unencumbered Asset Value. 

“Unencumbered Leverage Ratio”: as of the last day of any Reference Period, the ratio (expressed as a percentage) of
(a) Total Unsecured Indebtedness as of such date to (b) Unencumbered Asset Value as of such date. Notwithstanding anything to the contrary contained herein, for the purposes of this ratio, (i) Total Unsecured Indebtedness on any date
shall be adjusted by deducting therefrom an amount equal to the lesser of (x) the aggregate amount of Total Unsecured Indebtedness outstanding on such date that by its terms is scheduled to mature on or before the date that is twenty-four
(24) months following such date and (y) the aggregate amount of all Cash and Cash Equivalents of the Company and its Subsidiaries on a consolidated basis on such date that are not subject to any Negative Pledge or Lien (excluding statutory
Liens in favor of any depositary bank where any such Cash is maintained) to the extent such amount exceeds $35,000,000 and such excess amount is available for the repayment of Total Unsecured Indebtedness of the type described in clause (x)
(excluding any such Cash and Cash Equivalents used to determine the Secured Leverage Ratio as of such date) and (ii) Unencumbered Asset Value shall be adjusted by deducting therefrom the amount by which Total Unsecured Indebtedness is adjusted
under clause (i). 
 “Unencumbered NOI”: as of the last day of any Reference Period, the aggregate portion of EBITDA for
such Reference Period that is attributable to Qualified Assets. 
 “Unsecured Interest Coverage Ratio”: as of the last day
of any Reference Period, the ratio of (a) Unencumbered NOI for such Reference Period to (b) Total Unsecured Interest Expense for such Reference Period. 

“United States”: the United States of America. 

“Unpaid Drawing”: as defined in Section 3.4(a). 

“Unsecured Indebtedness”: with respect to any Person, all Indebtedness of such Person that is not Secured Indebtedness. 

“U.S. Person”: any Person that is a “United States person” within the meaning of Section 7701(a)(30) of the
Code. 
 “Wholly-Owned”: with respect to a Subsidiary of a Person, a Subsidiary of such Person all of the outstanding
Capital Stock of which (other than director’s qualifying shares and nominal holdings) are owned, directly or indirectly, by such Person. 

“Withdrawal Liability”: any liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such
Multiemployer Plan, as such terms are defined in Title IV of ERISA. 

  
 52 

 “Withholding Agent”: any Loan Party, the Administrative Agent and, in the
case of any U.S. Federal withholding Tax, any other applicable withholding agent. 
 “Write-Down and Conversion Powers”:
(a) with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country,
which write-down and conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that
liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that
liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers. 

Section 1.2. Other Definitional Provisions. (a) Unless otherwise specified therein, all terms defined in this Agreement
shall have the defined meanings when used in the other Loan Documents or any certificate or other document made or delivered pursuant hereto or thereto. 

(b) As used herein and in the other Loan Documents, and any certificate or other document made or delivered pursuant hereto or thereto,
(i) the words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without limitation”, (ii) the word “incur” shall be construed to mean incur, create, issue,
assume, become liable in respect of or suffer to exist (and the words “incurred” and “incurrence” shall have correlative meanings), (iii) the word “will” shall be construed to have the same meaning and effect as the
word “shall”, and (iv) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, Capital
Stock, securities, revenues, accounts, leasehold interests and contract rights. 
 (c) The words “hereof”, “herein”,
“hereto” and “hereunder” and words of similar import, when used in any Loan Document, shall refer to such Loan Document as a whole and not to any particular provision thereof, and Section, Schedule and Exhibit references are to
the Loan Document in which such references appear unless otherwise specified. 
 (d) The meanings given to terms defined herein shall be
equally applicable to both the singular and plural forms of such terms. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. 

(e) Unless the context requires otherwise and except as otherwise expressly provided herein, (i) any definition of or reference to any
agreement, instrument or other document (including any Governing Document) shall be construed as referring to such agreement, instrument or other document as from time to time amended, restated, amended and restated, supplemented, extended,
refinanced, replaced, renewed, increased or otherwise modified (subject to any restrictions on such amendments, restatements, amendment and restatements, supplements, extensions, refinancings, replacements, renewals, increases or modifications set
forth herein or in any other Loan Document), (ii) any reference herein to any Person shall be construed to include such Person’s successors and permitted assigns and (iii) any reference to any law shall include all statutory and regulatory
provisions consolidating, amending, replacing or interpreting such law and any reference to any law or regulation shall, unless otherwise specified, refer to such law or regulation as amended, modified or supplemented from time to time. 

  
 53 

 (f) All references to “knowledge” or “awareness” of any Loan Party or
any Subsidiary thereof are to the actual knowledge of a Responsible Officer of such Loan Party or such Subsidiary. 
 (g) In the computation
of periods of time from a specified date to a later specified date, the word “from” means “from and including;” the words “to” and “until” each mean “to but
excluding;” and the word “through” means “to and including.” 
 (h) Section headings herein and in
the other Loan Documents are included for convenience of reference only and shall not affect the interpretation of this Agreement or any other Loan Document. 

(i) Any reference herein to a merger, transfer, consolidation, amalgamation, assignment, sale, disposition or transfer, or similar term, shall
be deemed to apply to a Division as if it were a merger, transfer, consolidation, amalgamation, consolidation, assignment, sale, disposition or transfer, or similar term, as applicable, to, of or with a separate Person. Any Division Successor shall
constitute a separate Person hereunder (and each Division of any Person that is a Subsidiary, joint venture or any other like term shall also constitute such a Person or entity). 

Section 1.3. Classifications of Loans. For purposes of this Agreement, Loans and Commitments may be classified and referred to by
Class (e.g., a “Revolving Credit Loan” or “Term Loan”) or by Type (e.g., a “Base Rate Loan” or “LIBOR Floating Rate Loan” or “Eurocurrency Loan”). 

Section 1.4. Accounting Terms; GAAP.  

(a) Generally. All accounting terms not specifically or completely defined herein shall be construed in conformity with, and all
financial data (including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity with, GAAP applied on a consistent basis, as in effect from time to time, applied in a
manner consistent with that used in preparing the audited financial statements of the Company and its consolidated Subsidiaries delivered pursuant to Section 7.1(b), except as otherwise specifically prescribed
herein. Notwithstanding the foregoing, for purposes of determining compliance with any covenant (including the computation of any Financial Covenant) contained herein, Indebtedness of the Company and its Subsidiaries shall be deemed to be carried at
100% of the outstanding principal amount thereof, and the effects of FASB ASC 825 and FASB ASC 470-20 on financial liabilities shall be disregarded. 

(b) Changes in GAAP. If at any time any change in GAAP would affect the computation of any financial ratio or requirement set forth in
any Loan Document, and either the Parent Borrower or the Required Lenders shall so request, the Administrative Agent, the Lenders and the Parent Borrower shall negotiate in good faith to amend such ratio or requirement to preserve the original
intent thereof in light of such change in GAAP (subject to the approval of the Required Lenders); provided that, until so amended, (A) such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein
and (B) the Parent Borrower 

  
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shall provide to the Administrative Agent and the Lenders financial statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a
reconciliation between calculations of such ratio or requirement made before and after giving effect to such change in GAAP. Without limiting the foregoing, leases shall continue to be classified and accounted for on a basis consistent with that
reflected in the audited financial statements of the Company and its consolidated Subsidiaries delivered pursuant to Section 7.1(b) for all purposes of this Agreement, notwithstanding any change in GAAP relating thereto,
unless the parties hereto shall enter into a mutually acceptable amendment addressing such changes, as provided for above. 
 (c)
Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of the Parent Borrower and its Subsidiaries or to the determination of any amount for the Company and its Subsidiaries on a consolidated
basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Company is required to consolidate pursuant to FASB ASC 810 as if such variable interest entity were a Subsidiary as defined herein. 

Section 1.5. Pro Forma Calculations. With respect to any period during which any Permitted Acquisition or any sale, transfer or
other Disposition of any material assets outside the ordinary course of business occurs, or any operational change or operational initiative is commenced, for purposes of determining compliance with the Financial Covenants or otherwise for purposes
of determining the Total Leverage Ratio, EBITDA and Interest Expense, calculations with respect to such period shall be made on a Pro Forma Basis. 

Section 1.6. Rounding. Any financial ratios required to be maintained by the Loan Parties pursuant to this Agreement (or required
to be satisfied in order for a specific action to be permitted under this Agreement) shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such
ratio is expressed herein and rounding the result up or down to the nearest number (with a rounding up if there is no nearest number). 

Section 1.7. Timing of Payment or Performance. Except as otherwise provided herein, when the payment of any obligation or the
performance of any covenant, duty or obligation is stated to be due or performance required on (or before) a day which is not a Business Day, the date of such payment (other than as described in the definition of “Interest Period”) or
performance shall extend to the immediately succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be. 

Section 1.8. Times of Day. Unless otherwise specified, all references herein to times of day shall be references to Eastern time
(daylight or standard, as applicable). 
 Section 1.9. Exchange Rates; Currency Equivalents. (a) The Administrative Agent
or the applicable Letter of Credit Issuer, as applicable, shall determine the Spot Rates as of each Revaluation Date to be used for calculating Dollar Equivalent amounts of Borrowings and L/C Credit Extensions and Outstanding Amounts denominated in
Alternative Currencies. Such Spot Rates shall become effective as of such Revaluation Date and shall be the Spot Rates employed in converting any amounts between the applicable currencies until the next Revaluation Date to

  
 55 

 
occur. Except for purposes of financial statements delivered by Loan Parties hereunder or calculating financial covenants hereunder or except as otherwise provided herein, the applicable amount
of any currency (other than Dollars) for purposes of the Loan Documents shall be such Dollar Equivalent amount as so determined by the Administrative Agent or the applicable Letter of Credit Issuer, as applicable. For the avoidance of doubt, for
purposes of financial statements delivered hereunder and calculating financial covenants hereunder, the applicable amount of any currency (other than Dollars) shall be determined in accordance with GAAP. 

(b) Wherever in this Agreement in connection with a Borrowing, conversion, continuation or prepayment of a Eurocurrency Committed Loan or the
issuance, amendment or extension of a Letter of Credit, an amount, such as a required minimum or multiple amount, is expressed in Dollars, but such Borrowing, Eurocurrency Committed Loan or Letter of Credit is denominated in an Alternative Currency,
such amount shall be the relevant Alternative Currency Equivalent of such Dollar amount (rounded to the nearest unit of such Alternative Currency, with 0.5 of a unit being rounded upward), as determined by the Administrative Agent or the applicable
Letter of Credit Issuer, as the case may be. 
 (c) The Administrative Agent does not warrant, nor accept responsibility, nor shall the
Administrative Agent have any liability with respect to the administration, submission or any other matter related to the rates in the definitions of “Eurocurrency Rate” or “Daily LIBOR Floating Rate” or with respect to any rate
that is an alternative or replacement for or successor to any of such rate (including, without limitation, any LIBOR Successor Rate) or the effect of any of the foregoing, or of any LIBOR Successor Rate Conforming Changes. 

Section 1.10. Additional Alternative Currencies. (a) The Parent Borrower may from time to time request that Eurocurrency
Committed Loans be made and/or Letters of Credit be issued in a currency (each, an “Additional Currency”) other than those specifically listed in the definition of “Alternative Currency;” provided that such
requested currency is a lawful currency (other than Dollars) that is readily available and freely transferable and convertible into Dollars. In the case of any such request with respect to the making of Eurocurrency Loans, such request shall be
subject to the approval of the Administrative Agent and, in the case of any such request with respect to the issuance of Letters of Credit, such request shall be subject to the approval of the Administrative Agent and the applicable Letter of Credit
Issuer. 
 (b) Any such request shall be made to the Administrative Agent not later than 11:00 a.m., 20 Business Days prior to the date of
the desired Eurocurrency Committed Loan or L/C Credit Extension (or such other time or date as may be agreed by the Administrative Agent and, in the case of any such request pertaining to Letters of Credit, the applicable Letter of Credit Issuer, in
its or their sole discretion). In the case of any such request pertaining to Eurocurrency Committed Loans, the Administrative Agent shall promptly notify each Alternative Currency Tranche Lender thereof; and in the case of any such request
pertaining to Letters of Credit, the Administrative Agent shall promptly notify each Letter of Credit Issuer thereof. No Alternative Currency Tranche Lender shall be obligated to provide a commitment in any Additional Currency. Each Alternative
Currency Tranche Lender (in the case of any such request pertaining to Eurocurrency Committed Loans) and each Letter of Credit Issuer (in the case of a request pertaining to Letters of Credit) shall notify the Administrative Agent, not later than
11:00 a.m., ten Business Days after receipt of such request, whether it consents, in its sole discretion, to the making of Eurocurrency Committed Loans or the issuance of Letters of Credit, as the case may be, in such requested Additional Currency
(each consenting Alternative Currency Tranche Lender, an “Authorizing Lender”). 

  
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 (c) Any failure by an Alternative Currency Tranche Lender or a Letter of Credit Issuer, as
the case may be, to respond to such request within the time period specified in the preceding sentence shall be deemed to be a refusal by such Lender or such Letter of Credit Issuer, as the case may be, to make Eurocurrency Committed Loans or issue
Letters of Credit in such requested currency. If the Administrative Agent and all the Alternative Currency Tranche Lenders consent to making Eurocurrency Committed Loans in such requested currency, the Administrative Agent shall so notify the Parent
Borrower and such currency shall thereupon be deemed for all purposes to be an Alternative Currency hereunder for purposes of any Borrowings of Eurocurrency Committed Loans; and if the Administrative Agent and any Letter of Credit Issuer consents to
the issuance of Letters of Credit in such requested currency, the Administrative Agent shall so notify the Parent Borrower and such currency shall thereupon be deemed for all purposes to be an Alternative Currency hereunder for purposes of any
Letter of Credit issuances by such Letter of Credit Issuer. If the Administrative Agent and one or more, but not all of the, Alternative Currency Tranche Lenders consent to making Eurocurrency Committed Loans in such requested currency in the
applicable Additional Currency, the Administrative Agent shall notify the Parent Borrower, and the Administrative Agent and the Parent Borrower shall determine the aggregate amount of the Alternative Currency Tranche to be designated to a new
tranche of loans within the Alternative Currency Tranche (each, an “Additional Currency Tranche”) to be available to the Borrowers solely in Dollars or such Additional Currency, the final allocation of such Additional Currency
Tranche and the effective date of such Additional Currency Tranche (the “Additional Tranche Effective Date”), and any other terms relating thereto. The Administrative Agent shall promptly distribute a revised Schedule 2.01 to
each Lender reflecting such Additional Currency Tranche and notify each Lender of the Additional Tranche Effective Date. If none of the Alternative Currency Tranche Lenders consents to a request for an Additional Currency under this
Section 1.10, the Administrative Agent shall promptly so notify the Parent Borrower. 
 (d) In each case, the
Additional Currency Tranche shall become effective as of the Additional Tranche Effective Date; provided that (i) no Default or Event of Default shall exist on such Additional Tranche Effective Date both before and after giving effect to
the Additional Currency Tranche and any Credit Extensions be made thereunder on such date, (ii) the Administrative Agent shall have received written confirmation from each Authorizing Lender participating in such Additional Currency Tranche of
its ability to make Revolving Credit Loans in the relevant Additional Currency in accordance with applicable laws and regulations, (iii) the Administrative Agent shall have received duly executed counterparts from all parties to any amendments
to be effected in connection with such Additional Currency Tranche pursuant to Section 1.10(e), (iv) any other documents or certificates that shall be reasonably requested by the Administrative Agent or any applicable
Authorizing Lender in connection with such Additional Currency Tranche shall have been delivered to the Administrative Agent in form and substance reasonably satisfactory to the Administrative Agent and the applicable Authorizing Lenders and
(v) if an extension of credit is being requested under such Additional Currency Tranche on the Additional Tranche Effective Date, then the conditions to the making of an extension of credit set forth in Section 7.2
shall be satisfied or waived. 

  
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 (e) If the effectiveness of an Additional Currency Tranche results in any change to the
Revolving Credit Commitment Percentage of any Lender, then on the applicable Additional Tranche Effective Date the Administrative Agent may effect such settlement of outstanding Revolving Credit Loans and such reallocation of outstanding
participations in Letters of Credit, in each case as it deems necessary to properly reflect the outstanding amount of Revolving Credit Loans and participations and the Revolving Credit Commitment Percentage of each Lender after giving effect to the
effectiveness of such Additional Currency Tranche. If the applicable Additional Tranche Effective Date occurs on a date other than the last day of an Interest Period applicable to any outstanding Revolving Credit Loan that is a Eurocurrency Loan,
then the Borrowers shall pay such amounts, if any, required pursuant to Section 2.11 on account of any such payments made on such date. 

(f) Notwithstanding the provisions of Section 12.1, the Borrowers, the Administrative Agent and each Authorizing
Lender participating in any Additional Currency Tranche may, without the consent of any other Lenders, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the
Administrative Agent, to implement the terms of any such Additional Currency Tranche, including any amendments necessary to establish the Loans and/or Letters of Credit under any Additional Currency Tranche, and such other technical amendments as
may be necessary or appropriate in the reasonable opinion of the Administrative Agent in connection with the establishment of such new Additional Currency Tranche (including to preserve the pro rata treatment of the new and existing Classes or
tranches), in each case on terms consistent with this Section 1.10. In addition, upon the effectiveness of any Additional Currency Tranche, unless otherwise specifically provided herein, all references in the Loan Documents
to Revolving Credit Loans shall be deemed, unless the context otherwise requires, to include references to Revolving Credit Loans made pursuant to the Additional Currency Tranche. 

(g) This Section shall supersede any provisions in Section 12.1 to the contrary to the extent necessary to give
effect to this Section 1.10. 
 Section 1.11. Change of Currency. (a) Each obligation of the
Borrowers to make a payment denominated in the national currency unit of any member state of the European Union that adopts the Euro as its lawful currency after the date hereof shall be redenominated into Euro at the time of such adoption. If, in
relation to the currency of any such member state, the basis of accrual of interest expressed in this Agreement in respect of that currency shall be inconsistent with any convention or practice in the London interbank market for the basis of accrual
of interest in respect of the Euro, such expressed basis shall be replaced by such convention or practice with effect from the date on which such member state adopts the Euro as its lawful currency; provided that if any Borrowing in the
currency of such member state is outstanding immediately prior to such date, such replacement shall take effect, with respect to such Borrowing, at the end of the then current Interest Period. 

(b) Each provision of this Agreement shall be subject to such reasonable changes of construction as the Administrative Agent may from time to
time specify to be appropriate to reflect the adoption of the Euro by any member state of the European Union and any relevant market conventions or practices relating to the Euro. 

  
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 (c) Each provision of this Agreement also shall be subject to such reasonable changes of
construction as the Administrative Agent may from time to time specify to be appropriate to reflect a change in currency of any other country and any relevant market conventions or practices relating to the change in currency. 

ARTICLE II 
 AMOUNT AND
TERMS OF CREDIT 
 Section 2.1. Commitments. 

(a) The Term Loan Facility. 

(i) Term A-1 Loans. Subject to and upon the terms and conditions herein set
forth, each Lender having a Term A-1 Commitment severally agrees to make a loan or loans denominated in Dollars (each, a “Term A-1 Loan”) to the Parent
Borrower on the Closing Date, which Term A-1 Loans shall not exceed for any such Lender the Term A-1 Commitment of such Lender and in the aggregate shall not exceed
$425,000,000. Such Term A-1 Loans (i) may at the option of the Parent Borrower be incurred and maintained as, and/or converted into, Base Rate Loans, LIBOR Floating Rate Loans or Eurocurrency Loans;
provided that all Term A-1 Loans made by each of the Lenders pursuant to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely of Term
A-1 Loans of the same Type, and (ii) may be repaid or prepaid (without premium or penalty) in accordance with the provisions hereof, but once repaid or prepaid, may not be reborrowed. 

(ii) Term A-2 Loans. Subject to and upon the terms and conditions herein set
forth, each Lender having a Term A-2 Commitment severally agrees to make a loan or loans denominated in Canadian Dollars (each, a “Term A-2 Loan”) to
the Borrowers on the Closing Date, which Term A-2 Loans shall not exceed for any such Lender the Term A-2 Commitment of such Lender and in the aggregate shall not exceed
C$250,000,000. Such Term A-2 Loans (i) may only be incurred and maintained as Eurocurrency Loans, and (ii) may be repaid or prepaid (without premium or penalty) in accordance with the provisions
hereof, but once repaid or prepaid, may not be reborrowed. 
 (b) The Total Revolving Credit Commitment. 

(i) Dollar Tranche Loans. Subject to and upon the terms and conditions herein set forth, each Dollar Tranche Lender
severally agrees to make Revolving Credit Loans denominated in Dollars to the Parent Borrower (each such loan, a “Dollar Tranche Loan”) in an aggregate Outstanding Amount not to exceed at any time the amount of such Revolving Credit
Lender’s Dollar Tranche Commitment; provided that any of the foregoing such Dollar Tranche Loans (1) shall be made at any time and from time to time during the Availability Period, (2) may, at the option of the Parent Borrower
be incurred and maintained as, and/or converted into, Base Rate Loans, LIBOR Floating Rate Loans or Eurocurrency Loans that are Dollar Tranche Loans as further provided herein; provided that all Dollar Tranche Loans made by each of the
Lenders pursuant to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely of Dollar Tranche Loans of the same Type, (3) may be repaid (without premium or penalty) and reborrowed in accordance with the
provisions hereof, (4) shall not, for 

  
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any Lender at any time, after giving effect thereto and to the application of the proceeds thereof, result in such Revolving Credit Lender’s (A) Revolving Credit Exposure at such time
exceeding such Revolving Credit Lender’s Revolving Credit Commitment at such time or (B) Dollar Tranche Exposure at such time exceeding such Revolving Credit Lender’s Dollar Tranche Commitment at such time and (5) shall not,
after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate amount of the Revolving Credit Lenders’ (A) Revolving Credit Exposures at such time exceeding the Total Revolving Credit Commitment
then in effect or (B) Dollar Tranche Exposures at such time exceeding the amount of the Dollar Tranche then in effect. 

(ii) Alternative Currency Tranche Loans. Subject to and upon the terms and conditions herein set forth, each Alternative
Currency Tranche Lender severally agrees to make Alternative Currency Tranche Loans denominated in Dollars or in one or more Alternative Currencies to the Borrowers (each such loan, a “Alternative Currency Tranche Loan”) in an
aggregate Outstanding Amount not to exceed at any time the amount of such Revolving Credit Lender’s Alternative Currency Commitment; provided that any of the foregoing such Alternative Currency Tranche Loans (1) shall be made at any
time and from time to time during the Availability Period, (2) may, at the option of the Parent Borrower be incurred and maintained as, and/or converted into, Base Rate Loans, LIBOR Floating Rate Loans or Eurocurrency Loans that are Alternative
Currency Tranche Loans as further provided herein; provided that (w) Alternative Currency Tranche Loans that constitute LIBOR Floating Rate Loans shall be available (whether by virtue of incurrence, conversion or otherwise) only to the
Parent Borrower, (x) all Alternative Currency Tranche Loans made by each of the Lenders pursuant to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely of Alternative Currency Tranche Loans of the same Type
and currency and (y) all Alternative Currency Tranche Loans denominated in an Alternative Currency may only be incurred and maintained as Eurocurrency Loans, (3) may be repaid (without premium or penalty) and reborrowed in accordance with
the provisions hereof, (4) shall not, for any Lender at any time, after giving effect thereto and to the application of the proceeds thereof, result in such Revolving Credit Lender’s Revolving Credit Exposure at such time exceeding such
Revolving Credit Lender’s Revolving Credit Commitment at such time, (5) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate amount of the Revolving Credit Lenders’
Revolving Credit Exposures at such time exceeding the Total Revolving Credit Commitment then in effect and (6) shall not, after giving effect thereto and to the application of the proceeds thereof, result at any time in the aggregate
Outstanding Amount of Alternative Currency Tranche Loans exceeding the amount of the Alternative Currency Tranche at such time. 

Section 2.2. Borrowings, Continuations and Conversions of Loans. 

(a) Each Borrowing of Term Loans and Revolving Credit Loans, each conversion of Term Loans or Revolving Credit Loans from one Type to another,
and each continuation of Eurocurrency Committed Loans shall be made upon the Parent Borrower’s irrevocable notice to the Administrative Agent, which may be given by (A) telephone, or (B) a Committed Loan Notice; provided that
any telephonic notice must be confirmed promptly by delivery to the Administrative Agent of a Committed Loan Notice. Each such Committed Loan Notice must be received by the Administrative Agent not later than 11:00 a.m. (i) three Business Days
prior to the requested date 

  
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of any Borrowing of, conversion to or continuation of Eurocurrency Committed Loans denominated in Dollars or of any conversion of Eurocurrency Committed Loans denominated in Dollars to Base Rate
Loans or LIBOR Floating Rate Loans, (ii) four Business Days (or five Business Days in the case of a Special Notice Currency) prior to the requested date of any Borrowing or continuation of Eurocurrency Committed Loans denominated in Alternative
Currencies, (iii) on the requested date of any Borrowing of Dollar Tranche Loans that are Base Rate Loans or LIBOR Floating Rate Loans and (iv) three Business Days prior to the requested date of any Alternative Currency Tranche Loans that
are Base Rate Loans or LIBOR Floating Rate Loans; provided, however, that if the Parent Borrower wishes to request Eurocurrency Committed Loans having an Interest Period other than one, two, three or six months in duration as provided
in the definition of “Interest Period,” the applicable notice must be received by the Administrative Agent not later than 11:00 a.m. (i) four Business Days prior to the requested date of such Borrowing of, conversion to or
continuation of Eurocurrency Committed Loans denominated in Dollars or (ii) five Business Days (or six Business Days in the case of a Special Notice Currency) prior to the requested date of such Borrowing of, conversion to or continuation of
Eurocurrency Committed Loans denominated in Alternative Currencies, whereupon the Administrative Agent shall give prompt notice to the Lenders of such request and determine whether the requested Interest Period is acceptable to all of them. Not
later than 11:00 a.m., (i) three Business Days before the requested date of such Borrowing of, conversion to or continuation of Eurocurrency Committed Loans denominated in Dollars, or (ii) four Business Days (or five Business Days in the case
of a Special Notice Currency) prior to the requested date of such Borrowing of, conversion to or continuation of Eurocurrency Committed Loans denominated in Alternative Currencies, the Administrative Agent shall notify the Parent Borrower (which
notice may be by telephone) whether or not the requested Interest Period has been consented to by all the Lenders. The aggregate principal amount of each Borrowing of, conversion to or continuation of Eurocurrency Committed Loans, and of each
Borrowing of or conversion to Base Rate Loans or LIBOR Floating Rate Loans, shall be in a minimum amount of at least the Minimum Borrowing Amount for such Type of Loan and in a multiple of $500,000 in excess thereof (except as provided in
Sections 2.3(c), 3.3 and 3.4). Each Committed Loan Notice shall specify (i) whether the Parent Borrower is requesting a Borrowing of Term A-1 Loans, Term A-2 Loans or Revolving Credit Loans, a conversion of Term Loans or Revolving Credit Loans from one Type to another, or a continuation of Eurocurrency Committed Loans, (ii) the requested date of the Borrowing,
conversion or continuation, as the case may be (which shall be a Business Day), (iii) the principal amount of Loans to be borrowed, converted or continued, (iv) the Type of Loans to be borrowed or to which existing Loans are to be converted,
(v) if applicable, the duration of the Interest Period with respect thereto, (vi) the Tranche and currency of any Revolving Credit Loans to be borrowed, converted or continued and (vii) if applicable, the Designated Borrower. If the
Parent Borrower fails to specify a currency in a Committed Loan Notice requesting a Borrowing, then the Loans so requested shall be made in Dollars. If the Parent Borrower fails to specify a Type of Loan in a Committed Loan Notice or if the Parent
Borrower fails to give a timely notice requesting a conversion or continuation, then the applicable Loans shall be made as, or converted to, Base Rate Loans; provided, however, that in the case of a failure to specify a Type of Loan in
a Committed Loan Notice requesting a Borrowing or continuation of Loans denominated in an Alternative Currency or a failure to timely request a continuation of Loans denominated in an Alternative Currency, such Loans shall be made as Eurocurrency
Committed Loans in their requested currency or continued as Eurocurrency Committed Loans in their original currency, as the case may be, with 

  
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an Interest Period of one month. If the Parent Borrower fails to specify a Tranche in a Committed Loan Notice requesting a Borrowing of Revolving Credit Loans, then the applicable Loans shall be
made as Dollar Tranche Loans if the request specifies Dollars (or does not specify a currency), and as Alternative Currency Tranche Loans if the request specifies an Alternative Currency or if no unused Dollar Tranche Commitments exist. Any
automatic conversion to Base Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect to the applicable Eurocurrency Committed Loans. If the Parent Borrower requests a Borrowing of, conversion to, or
continuation of Eurocurrency Committed Loans in any such Committed Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month. No Loan may be converted into or continued as a Loan
denominated in a different currency or in a different Tranche, but instead must be prepaid in the original currency of such Loan and reborrowed in the other currency or reborrowed in a different Tranche to the extent permitted herein. 

(b) Following receipt of a Committed Loan Notice, the Administrative Agent shall promptly notify each Lender of the amount (and, in the case of
a request with respect to an Alternative Currency Tranche Loan, the currency) of its Applicable Percentage of the applicable Loans, and if no timely notice of a conversion or continuation is provided by the Parent Borrower, the Administrative Agent
shall notify each Lender of the details of any automatic conversion to Base Rate Loans or continuation of Loans denominated in a currency other than Dollars, in each case as described in the preceding subsection. In the case of a Borrowing of Term
Loans or Revolving Credit Loans, each Lender shall make the amount of its Loan available to the Administrative Agent in Same Day Funds at the Administrative Agent’s Office for the applicable currency not later than 1:00 p.m., in the case of any
Loan denominated in Dollars, and not later than the Applicable Time specified by the Administrative Agent in the case of any Loan in an Alternative Currency, in each case on the Business Day specified in the applicable Committed Loan Notice. Upon
satisfaction of the applicable conditions set forth in Section 7.2 (and, if such Borrowing is the initial Borrowing, Section 7.1), the Administrative Agent shall make all funds so received
available to the Parent Borrower or the other applicable Borrower in like funds as received by the Administrative Agent either by (i) crediting the account of such Borrower on the books of Bank of America with the amount of such funds or
(ii) wire transfer of such funds, in each case in accordance with instructions provided to (and reasonably acceptable to) the Administrative Agent by the Parent Borrower; provided, however, that if, on the date the Committed Loan
Notice with respect to such Borrowing denominated in Dollars is given by the Parent Borrower, there are L/C Borrowings outstanding, then the proceeds of such Borrowing, first, shall be applied to the payment in full of any such L/C
Borrowings, and second, shall be made available to the applicable Borrower as provided above. 
 (c) Except as otherwise provided
herein, a Eurocurrency Committed Loan may be continued or converted only on the last day of an Interest Period for such Eurocurrency Committed Loan (whether in Dollars or any Alternative Currency). During the existence of a Default, (i) upon
the request of the Required Lenders, no Loans denominated in Dollars may be requested as, converted to or continued as Eurocurrency Loans, and (ii) upon the request of the Required Tranche Lenders, Loans denominated in an Alternative Currency
shall only be requested as or continued as Eurocurrency Committed Loans with an Interest Period of one month. 

  
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 (d) The Administrative Agent shall promptly notify the Parent Borrower and the Lenders of
the interest rate applicable to any Interest Period for Eurocurrency Loans upon determination of such interest rate. 
 (e) More than one
Borrowing may be incurred on any date; provided that after giving effect to all Borrowings of Term Loans and Revolving Credit Loans, all conversions of Term Loans and Revolving Credit Loans from one Type to another, and all continuations of
Term Loans and Revolving Credit Loans as the same Type, there shall not be more than 10 Interest Periods in effect with respect to the Loans. 

(f) Notwithstanding anything to the contrary in this Agreement, any Lender may exchange, continue or rollover all of the portion of its Loans
in connection with any refinancing, extension, loan modification or similar transaction permitted by the terms of this Agreement, pursuant to a cashless settlement mechanism approved by the Parent Borrower, the Administrative Agent, and such Lender.

 (g) Without in any way limiting the obligation of the Parent Borrower to confirm in writing any notice it shall give hereunder by
telephone (which such obligation is absolute), the Administrative Agent may act prior to receipt of written confirmation without liability upon the basis of such telephonic notice believed by the Administrative Agent in good faith to be from a
Responsible Officer of the Parent Borrower. 
 (h) Borrowings to reimburse Unpaid Drawings shall be made upon the notice specified in
Section 3.4(a). 
 Section 2.3. Bid Loans. 

(a) General. Subject to the terms and conditions set forth herein, each Lender agrees that so long as the Parent Borrower continues to
satisfy the Investment Grade Ratings Criteria, the Borrowers may request the Lenders to submit offers to make loans (each such loan, a “Bid Loan”) to the Borrowers prior to the Revolving Loan Maturity Date pursuant to this
Section 2.3; provided, however, that after giving effect to any Bid Borrowing, (i) the aggregate Revolving Credit Exposure of all Revolving Credit Lenders shall not exceed the Total Revolving Credit
Commitments, and (ii) the aggregate Outstanding Amount of all Bid Loans shall not exceed the Bid Loan Sublimit. There shall not be more than ten different Interest Periods in effect with respect to Bid Loans at any time. 

(b) Requesting Competitive Bids. The Borrower may request the submission of Competitive Bids by delivering a Bid Request to the
Administrative Agent not later than 12:00 noon (i) one Business Day prior to the requested date of any Bid Borrowing that is to consist of Absolute Rate Loans, or (ii) four Business Days prior to the requested date of any Bid Borrowing
that is to consist of Eurocurrency Margin Bid Loans. Each Bid Request shall specify (i) the requested date of the Bid Borrowing (which shall be a Business Day), (ii) the aggregate principal amount of Bid Loans requested (which must be
$5,000,000 or a whole multiple of $1,000,000 in excess thereof), (iii) the Type of Bid Loans requested, (iv) the duration of the Interest Period with respect thereto and (v) if applicable, the Designated Borrower, and shall be signed by a
Responsible Officer of the Parent Borrower together with the fee payable under Section 4.1(f). No 

  
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Bid Request shall contain a request for (i) more than one Type of Bid Loan or (ii) Bid Loans having more than three different Interest Periods. Unless the Administrative Agent otherwise
agrees in its sole discretion, the Borrower may not submit a Bid Request if it has submitted another Bid Request within the prior five Business Days. 

(c) Submitting Competitive Bids. 

(i) The Administrative Agent shall promptly notify each Revolving Credit Lender of each Bid Request received by it from the
Borrower and the contents of such Bid Request. 
 (ii) Each Revolving Credit Lender (other than a Defaulting Lender) may (but
shall have no obligation to) submit a Competitive Bid containing an offer to make one or more Bid Loans in response to such Bid Request. Such Competitive Bid must be delivered to the Administrative Agent not later than 10:30 a.m. (A) on the
requested date of any Bid Borrowing that is to consist of Absolute Rate Loans, and (B) three Business Days prior to the requested date of any Bid Borrowing that is to consist of Eurocurrency Margin Bid Loans; provided, however,
that any Competitive Bid submitted by Bank of America in its capacity as a Revolving Credit Lender in response to any Bid Request must be submitted to the Administrative Agent not later than 10:15 a.m. on the date on which Competitive Bids are
required to be delivered by the other Revolving Credit Lenders in response to such Bid Request. Each Competitive Bid shall specify (A) the proposed date of the Bid Borrowing; (B) the principal amount of each Bid Loan for which such
Competitive Bid is being made, which principal amount (x) may be equal to, greater than or less than the Revolving Credit Commitment of the bidding Revolving Credit Lender, (y) must be $5,000,000 or a whole multiple of $1,000,000 in excess
thereof, and (z) may not exceed the principal amount of Bid Loans for which Competitive Bids were requested; (C) if the proposed Bid Borrowing is to consist of Absolute Rate Bid Loans, the Absolute Rate offered for each such Bid Loan and
the Interest Period applicable thereto; (D) if the proposed Bid Borrowing is to consist of Eurocurrency Margin Bid Loans, the Eurocurrency Bid Margin with respect to each such Eurocurrency Margin Bid Loan and the Interest Period applicable
thereto; and (E) the identity of the bidding Revolving Credit Lender. 
 (iii) Any Competitive Bid shall be disregarded
if it (A) is received after the applicable time specified in clause (ii) above, (B) is not substantially in the form of a Competitive Bid as specified herein, (C) contains qualifying, conditional or similar language,
(D) proposes terms other than or in addition to those set forth in the applicable Bid Request, or (E) is otherwise not responsive to such Bid Request. Any Revolving Credit Lender may correct a Competitive Bid containing a manifest error by
submitting a corrected Competitive Bid (identified as such) not later than the applicable time required for submission of Competitive Bids. Any such submission of a corrected Competitive Bid shall constitute a revocation of the Competitive Bid that
contained the manifest error. The Administrative Agent may, but shall not be required to, notify any Revolving Credit Lender of any manifest error it detects in such Lender’s Competitive Bid. 

(iv) Subject only to the provisions of Sections 2.9, 2.10 and 7.2 and clause (iii) above, each
Competitive Bid shall be irrevocable. 

  
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 (d) Notice to Borrower of Competitive Bids. Not later than 11:00 a.m. (i) on the
requested date of any Bid Borrowing that is to consist of Absolute Rate Loans, or (ii) three Business Days prior to the requested date of any Bid Borrowing that is to consist of Eurocurrency Margin Bid Loans, the Administrative Agent shall
notify the Parent Borrower of the identity of each Revolving Credit Lender that has submitted a Competitive Bid that complies with Section 2.3(c) and of the terms of the offers contained in each such Competitive Bid 

(e) Acceptance of Competitive Bids. Not later than 11:30 a.m. (i) on the requested date of any Bid Borrowing that is to consist of
Absolute Rate Loans, and (ii) three Business Days prior to the requested date of any Bid Borrowing that is to consist of Eurocurrency Margin Bid Loans, the Parent Borrower shall notify the Administrative Agent of its acceptance or rejection of
the offers notified to it pursuant to Section 2.3(d). The Borrowers shall be under no obligation to accept any Competitive Bid and may choose to reject all Competitive Bids. In the case of acceptance, such notice shall
specify the aggregate principal amount of Competitive Bids for each Interest Period that is accepted. The Borrowers may accept any Competitive Bid in whole or in part; provided that: 

(i) the aggregate principal amount of each Bid Borrowing may not exceed the applicable amount set forth in the related Bid
Request; 
 (ii) the principal amount of each Bid Loan must be $5,000,000 or a whole multiple of $1,000,000 in excess
thereof; 
 (iii) the acceptance of offers may be made only on the basis of ascending Absolute Rates or Eurocurrency Bid
Margins within each Interest Period; and 
 (iv) the Borrowers may not accept any offer that is described in
Section 2.3(c)(iii) or that otherwise fails to comply with the requirements hereof. 
 (f) Procedure for
Identical Bids. If two or more Revolving Credit Lenders have submitted Competitive Bids at the same Absolute Rate or Eurocurrency Bid Margin, as the case may be, for the same Interest Period, and the result of accepting all of such Competitive
Bids in whole (together with any other Competitive Bids at lower Absolute Rates or Eurocurrency Bid Margins, as the case may be, accepted for such Interest Period in conformity with the requirements of Section 2.3(e)(iii))
would be to cause the aggregate outstanding principal amount of the applicable Bid Borrowing to exceed the amount specified therefor in the related Bid Request, then, unless otherwise agreed by the Parent Borrower, the Administrative Agent and such
Revolving Credit Lenders, such Competitive Bids shall be accepted as nearly as possible in proportion to the amount offered by each such Revolving Credit Lender in respect of such Interest Period, with such accepted amounts being rounded to the
nearest whole multiple of $1,000,000. 
 (g) Notice to Revolving Credit Lenders of Acceptance or Rejection of Bids. The Administrative
Agent shall promptly notify each Revolving Credit Lender having submitted a Competitive Bid whether or not its offer has been accepted and, if its offer has been accepted, of the amount of the Bid Loan or Bid Loans to be made by it on the date of
the applicable Bid Borrowing. Any Competitive Bid or portion thereof that is not accepted by the Borrowers by the applicable time specified in Section 2.3(e) shall be deemed rejected. 

  
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 (h) Notice of Eurocurrency Rate. If any Bid Borrowing is to consist of Eurocurrency
Margin Loans, the Administrative Agent shall determine the Eurocurrency Rate for the relevant Interest Period, and promptly after making such determination, shall notify the Borrowers and the Revolving Credit Lenders that will be participating in
such Bid Borrowing of such Eurocurrency Rate. 
 (i) Funding of Bid Loans. Each Revolving Credit Lender that has received notice
pursuant to Section 2.3(g) that all or a portion of its Competitive Bid has been accepted by the Borrowers shall make the amount of its Bid Loan(s) available to the Administrative Agent in immediately available funds at the
Administrative Agent’s Office not later than 1:00 p.m. on the date of the requested Bid Borrowing. Upon satisfaction of the applicable conditions set forth in Section 7.2, the Administrative Agent shall make all funds
so received available to the applicable Borrower in like funds as received by the Administrative Agent. 
 (j) Notice of Range of
Bids. After each Competitive Bid auction pursuant to this Section 2.3, the Administrative Agent shall notify each Revolving Credit Lender that submitted a Competitive Bid in such auction of the ranges of bids submitted
(without the bidder’s name) and accepted for each Bid Loan and the aggregate amount of each Bid Borrowing. 
 Section 2.4.
Administrative Agent’s Clawback. 
 (a) Funding by Lenders; Presumption by Administrative Agent.
Unless the Administrative Agent shall have been notified by any Lender prior to the proposed date of any Borrowing of Eurocurrency Loans (or, in the case of any Borrowing of Base Rate Loans or LIBOR Floating Rate Loans, prior to 12:00 noon on the
date of such Borrowing) that such Lender does not intend to make available to the Administrative Agent its portion of the Borrowing or Borrowings to be made on such date, the Administrative Agent may assume that such Lender has made such amount
available to the Administrative Agent on such date of Borrowing in accordance with, and at the time required by, Section 2.2, and the Administrative Agent, in reliance upon such assumption, may (in its sole discretion and
without any obligation to do so) make available to the applicable Borrower a corresponding amount. If such corresponding amount is not in fact made available to the Administrative Agent by such Lender and the Administrative Agent has made available
such amount to the applicable Borrower, then the Administrative Agent shall be entitled to recover from the applicable Lender and such Lender agrees to pay to the Administrative Agent forthwith on demand such corresponding amount in Same Day Funds
with interest thereon, for each day from the date such amount was made available by the Administrative Agent to such Borrower to the date of such corresponding amount is recovered by the Administrative Agent, at a rate per annum equal to the
applicable Overnight Rate, plus any administrative, processing or similar fees customarily charged by the Administrative Agent in connection with the foregoing. If such Lender does not pay such corresponding amount forthwith upon the Administrative
Agent’s demand therefor, the Administrative Agent shall promptly notify the Parent Borrower, and the applicable Borrower shall immediately pay such corresponding amount to the Administrative Agent in Dollars and in immediately available funds
with interest thereon, for each day from the date such amount was made available by the Administrative Agent to such Borrower to the date of such corresponding amount is recovered by the Administrative Agent, at the interest rate applicable to Base
Rate Loans. If such Borrower and such Lender shall pay such interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall 

  
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promptly remit to such Borrower the amount of such interest paid by such Borrower for such period. If such Lender pays its share of the applicable Borrowing to the Administrative Agent, then the
amount so paid shall constitute such Lender’s Loan included in such Borrowing. Any payment by such Borrower shall be without prejudice to any claim such Borrower may have against a Lender that shall have failed to make such payment to the
Administrative Agent. 
 (b) Payments by Borrowers; Presumptions by Administrative Agent. Unless the Administrative Agent shall have
received notice from a Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders or an Letter of Credit Issuer hereunder that such Borrower will not make such payment, the Administrative Agent
may assume that such Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the applicable Lenders or Letter of Credit Issuer, as the case may be, the amount due. In such event, if
such Borrower has not in fact made such payment, then each of the applicable Lenders or such Letter of Credit Issuer, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such
applicable Lender or such Letter of Credit Issuer, in Same Day Funds with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at a rate per
annum equal to the applicable Overnight Rate. 
 (c) Notice. A notice of the Administrative Agent to any Lender or Borrower with
respect to any amount owing under clause (a) or (b) shall be conclusive, absent manifest error. 
 (k) Failure to
Satisfy Conditions Precedent. If any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing provisions of this Article II, and such funds are not made available to any
Borrower by the Administrative Agent because the conditions to the applicable Loan set forth in Article VII are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as
received from such Lender) to such Lender, without interest. 
 (d) Obligations of Lenders Several. 

(i) The obligations of the Lenders hereunder to make Revolving Credit Loans and Term Loans, to fund participations in Letters
of Credit, and to make payments pursuant to Sections 5.4(g) and 11.7 are several and not joint. The failure of any Lender to make any Revolving Credit Loan or Term Loan, to fund any such participation, to make any such purchase or to
make any payment under Sections 5.4(g) and 11.7 on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other
Lender to so make its Revolving Credit Loan or Term Loan, to purchase its participation, or to make its payment under Sections 5.4(g) and 11.7.  

(ii) Nothing in this Section 2.4, including any payment by any Borrower, shall be deemed to relieve
any Lender from its obligation to, fulfill its commitments hereunder or to prejudice any rights that any Borrower may have against any Lender as a result of any default by such Lender hereunder (it being understood, however, that no Lender shall be
responsible for the failure of any other Lender to fulfill its commitments hereunder). 

  
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 (e) Funding Source. Nothing herein shall be deemed to obligate any Lender to obtain
the funds for any Loan in any particular place or manner or to constitute a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular place or manner. 

Section 2.5. Repayment of Loans. 

(a) Term Loans. The Parent Borrower shall repay to the Administrative Agent, for the benefit of the applicable Lenders, on the Term Loan
Maturity Date, the then-outstanding Term A-1 Loans and Term A-2 Loans. 

(b) Revolving Credit Loans. The Borrowers shall repay to the Administrative Agent for the benefit of the Revolving Credit Lenders, on
the Revolving Loan Maturity Date, the then-outstanding Revolving Credit Loans. 
 (c) Bid Loans. The Borrowers shall repay each Bid
Loan on the last day of the Interest Period in respect thereof. 
 Section 2.6. Evidence of Debt. 

(a) The Loans and other extensions of credit made by each Lender to each Borrower shall be evidenced by one or more accounts or records
maintained by such Lender and by the Administrative Agent in the ordinary course of business. The entries made in the Register and the accounts or records maintained by the Administrative Agent and each Lender shall, to the extent permitted by
applicable law, be prima facie evidence of the existence and amounts of the obligations of each Borrower therein recorded; provided, however, that the failure of any Lender or the Administrative Agent to maintain such account, such
Register or subaccount, as applicable, or any error therein, shall not in any manner affect the obligation of the Borrowers to repay (with applicable interest) the Loans made to any of the Borrowers by such Lender in accordance with the terms of
this Agreement. In the event of any conflict between the accounts and records maintained by any Lender and the accounts and records of the Administrative Agent in respect of such matters, the accounts and records of the Administrative Agent shall
control in the absence of manifest error. 
 (b) Each Borrower hereby agrees that, upon request of any Lender made through the Administrative
Agent, such Borrower shall execute and deliver to such Lender (through the Administrative Agent), at such Borrower’s own expense, a promissory note, substantially in the form of Exhibit E, Exhibit F or Exhibit G, as
applicable, which shall evidence the Term A-1 Loans, Term A-2 Loans and/or Revolving Credit Loans, respectively, owing to such Lender in addition to the accounts or
records described in clause (a). Each Lender may attach schedules to its Note and endorse thereon the date, Type (if applicable), amount, currency and maturity of its Loans and payments with respect thereto. 

(c) In addition to the accounts and records referred to in clause (a) above, each Lender and the Administrative Agent shall
maintain in accordance with its usual practice accounts or records evidencing the purchases and sales by such Lender of participations in Letters of Credit. In the event of any conflict between the accounts and records maintained by the
Administrative Agent and the accounts and records of any Lender in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error. 

  
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 Section 2.7. [Reserved].  

Section 2.8. Interest.  

(a) Subject to the provisions of paragraph (c) below, the unpaid principal amount of each Base Rate Loan shall bear interest from
the date of the Borrowing thereof until maturity (whether by acceleration or otherwise) at a rate per annum that shall at all times be the Applicable Margin for Base Rate Loans plus the Base Rate, in each case, in effect from time to
time. 
 (b) Subject to the provisions of paragraph (c) below, the unpaid principal amount of (i) each Eurocurrency
Committed Loan and each LIBOR Floating Rate Loan shall bear interest from the date of the Borrowing thereof until maturity thereof (whether by acceleration or otherwise) at a rate per annum that shall at all times be the Applicable Margin for
Eurocurrency Committed Loans plus the relevant Eurocurrency Rate and (ii) each Bid Loan shall bear interest for the Interest Period therefor at a rate per annum equal to the Eurodollar Rate for such Interest Period plus (or minus) the
Eurodollar Bid Margin, or at the Absolute Rate for such Interest Period, as the case may be. 
 (c) (i) While any Event of Default
arising under Section 10.1(a)(i) or (h) exists the principal amount of all outstanding Obligations hereunder shall bear interest at a fluctuating rate per annum (the “Default Rate”) that
is (x) in the case of any Loan, the rate that would otherwise be applicable thereto plus 2.00%, (y) in the case of Letter of Credit Fees, a rate equal to the Applicable Margin then applicable to Letter of Credit Fees plus 2.00%
and (z) in the case of any other Obligations, including interest, to the extent permitted by applicable law, the rate described in Section 2.8(a) plus 2.00%. 

(ii) Upon the request of the Required Lenders, while any Event of Default exists (other than as set forth in clause
(c)(i) above), the Borrowers shall pay interest on the principal amount of all overdue Obligations outstanding hereunder at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by
applicable law. 
 (iii) Accrued and unpaid interest on past due amounts (including interest on past due interest) shall be
due and payable upon demand. 
 (d) Interest on each Loan shall accrue from and including the date of any Borrowing to but excluding the date
of any repayment thereof and shall be payable in the same currency in which the Loan is denominated; provided that any Loan that is repaid on the same date on which it is made shall bear interest for one day. Except as provided below,
interest shall be payable (i) in respect of each Base Rate Loan and each LIBOR Floating Rate Loan, quarterly in arrears on the last Business Day of each March, June, September and December, (ii) in respect of each Eurocurrency Loan, on the
last day of each Interest Period applicable thereto and, in the case of an Interest Period in excess of three months, on each date occurring at three-month intervals after the first day of such Interest Period, and (iii) in respect of each
Loan, (A) on any prepayment (on the amount prepaid) in respect thereof, (B) at maturity (whether by acceleration or otherwise), and (C) after such maturity, on demand. Interest hereunder shall be due and payable in accordance with the
terms hereof before and after judgment, and before and after the commencement of any proceeding under any Debtor Relief Law. 

  
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 (e) For the purposes of the Interest Act (Canada), (i) whenever a rate of interest or fee
rate hereunder is calculated on the basis of a year (the “deemed year”) that contains fewer days than the actual number of days in the calendar year of calculation, such rate of interest or fee rate shall be expressed as a yearly rate by
multiplying such rate of interest or fee rate by the actual number of days in the calendar year of calculation and dividing it by the number of days in the deemed year, (ii) the principle of deemed reinvestment of interest shall not apply to
any interest calculation hereunder and (iii) the rates of interest stipulated herein are intended to be nominal rates and not effective rates or yields. 

(f) All computations of interest hereunder shall be made in accordance with Section 5.5. 

(g) The Administrative Agent, upon determining the interest rate for any Borrowing of Eurocurrency Loans, shall promptly notify the Parent
Borrower and the relevant Lenders thereof. Each such determination shall, absent clearly demonstrable error, be final and conclusive and binding on all parties hereto. 

Section 2.9. LIBOR Successor Rate. (a) Notwithstanding anything to the contrary in this Agreement or any other Loan
Documents, if the Administrative Agent determines (which determination shall be conclusive absent manifest error), or the Parent Borrower or Required Lenders notify the Administrative Agent (with, in the case of the Required Lenders, a copy to the
Parent Borrower) that the Parent Borrower or Required Lenders (as applicable) have determined, that: 
 (i) adequate and
reasonable means do not exist for ascertaining LIBOR in Dollars or another LIBOR Quoted Currency for any requested Interest Period, including because the LIBOR Screen Rate is not available or published on a current basis and such circumstances are
unlikely to be temporary, or 
 (ii) the administrator of the LIBOR Screen Rate or a Governmental Authority having
jurisdiction over the Administrative Agent has made a public statement identifying a specific date after which LIBOR or the LIBOR Screen Rate shall no longer be made available with respect to Dollars or any other LIBOR Quoted Currency, or used for
determining the interest rate of loans denominated in Dollars or another LIBOR Quoted Currency, provided that, at the time of such statement, there is no successor administrator that is satisfactory to the Administrative Agent, that will
continue to provide LIBOR for the applicable currency(ies) after such specific date (such specific date, the “Scheduled Unavailability Date”), or 

(iii) syndicated loans denominated in Dollars or other applicable LIBOR Quoted Currencies that are currently being executed, or
that include language similar to that contained in this Section 2.9, are being executed or amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace LIBOR for the applicable currency(ies),

  
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 then, reasonably promptly after such determination by the Administrative Agent or receipt by the
Administrative Agent of such notice, as applicable, the Administrative Agent and the Parent Borrower may amend this agreement solely for the purpose of replacing LIBOR in accordance with this Section 2.9 with (1) in
the case of Dollar denominated loans (x) one or more SOFR-Based Rates or (y) another alternate benchmark rate giving due consideration to any evolving or then existing convention for similar Dollar denominated syndicated credit facilities
for such alternative benchmarks and (2) in the case of loans denominated in an Alternative Currency, another alternate benchmark rate giving due consideration to any evolving or then existing convention for syndicated credit facilities
denominated in such currency for such alternative benchmarks; and, in each case, including any mathematical or other adjustments to such benchmark giving due consideration to any evolving or then existing convention for similarly denominated
syndicated credit facilities for such benchmarks, which adjustment or method for calculating such adjustment shall be published on an information service as selected by the Administrative Agent from time to time in its reasonable discretion and may
be periodically updated (the “Adjustment;” and any such proposed rate, a “LIBOR Successor Rate”), and any such amendment shall become effective at 5:00 p.m. (New York time) on the fifth Business Day after the
Administrative Agent shall have posted such proposed amendment to all Lenders and the Parent Borrower unless, prior to such time, the Required Lenders have delivered to the Administrative Agent written notice that such Required Lenders (A) in
the case of an amendment to replace LIBOR with a rate described in clause (1)(x) above, object to the Adjustment; or (B) in the case of an amendment to replace LIBOR with a rate described in clause (1)(y) or (2) above, object to such
amendment; provided that for the avoidance of doubt, in the case of clause (A), the Required Lenders shall not be entitled to object to any SOFR-Based Rate contained in any such amendment. Such LIBOR Successor Rate shall be applied in a manner
consistent with market practice; provided that to the extent such market practice is not administratively feasible for the Administrative Agent, such LIBOR Successor Rate shall be applied in a manner as otherwise reasonably determined by the
Administrative Agent. 
 (b) If no LIBOR Successor Rate has been determined and the circumstances under clause (i) above exist or the
Scheduled Unavailability Date has occurred (as applicable), the Administrative Agent will promptly so notify the Parent Borrower and each Lender. Thereafter, (x) the obligation of the Lenders to make or maintain Eurocurrency Loans and/or LIBOR
Daily Floating Rate Loans shall be suspended (to the extent of the affected loans or Interest Periods), and (y) the Eurocurrency Rate component shall no longer be utilized in determining the Base Rate. Upon receipt of such notice and subject to
clause (y) of the preceding sentence, the Parent Borrower may revoke any pending request for a borrowing of, conversion to or continuation of Eurocurrency Loans (to the extent of the affected loans or Interest Periods) or a borrowing of or
conversion to LIBOR Daily Floating Rate Loans or, failing that, will be deemed to have converted such request for a loan into a request for a borrowing of or conversion to (as applicable) a Base Rate Loan under the same facility as that requested
(and, in the case of a request for a loan denominated in a LIBOR Quoted Currency other than Dollars, such Base Rate Loan shall be the Dollar Equivalent of the requested loan amount determined based on the applicable Spot Rate in effect two business
days immediately prior to the date of the requested funding). 
 Notwithstanding anything to the contrary herein, any definition of LIBOR
Successor Rate shall provide that in no event shall such LIBOR Successor Rate be less than zero for purposes of this Agreement. 

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

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

“LIBOR Successor Rate Conforming Changes” means, with respect to any proposed LIBOR Successor Rate, any conforming changes to
the definition of Base Rate, LIBOR Daily Floating Rate, Interest Period, timing and frequency of determining rates and making payments of interest and other technical, administrative or operational matters as may be appropriate, in the discretion of
the Administrative Agent, to reflect the adoption and implementation of such LIBOR Successor Rate and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the
Administrative Agent determines that adoption of any portion of such market practice is not administratively feasible or that no market practice for the administration of such LIBOR Successor Rate exists, in such other manner of administration as
the Administrative Agent determines is reasonably necessary in connection with the administration of this Agreement). 
 Section 2.10.
Increased Costs, Illegality, Etc.  
 (a) In the event that (w) in the case of clause (i)(A) and
(B) below, the Administrative Agent, (x) in the case of clause (i)(C) below, the Administrative Agent or the Required Lenders, (y) in the case of clauses (ii) below, the Required Term A-1 Lenders (with respect to Term A-1 Loans), the Required Term A-2 Lenders (with respect to Term
A-2 Loans) or the Required Revolving Credit Lenders (with respect to Revolving Credit Commitments) and (z) in the case of clause (iii) below, any Lender, shall have reasonably determined (in
each case, which determination shall, absent clearly demonstrable error, be final and conclusive and binding upon all parties hereto): 

(i) on any date for determining the Eurocurrency Rate for any Interest Period that (x) (A) deposits in the principal
amounts and currencies of the Loans comprising such Borrowing of Eurocurrency Loans or LIBOR Floating Rate Loans are not generally available in the relevant market, (B) adequate and reasonable means do not exist for ascertaining the applicable
interest rate on the basis provided for in the definition of “Eurocurrency Rate” or (C) for any reason the Eurocurrency Rate for any requested Interest Period with respect to such proposed Eurocurrency Committed Loan or LIBOR Floating
Rate Loan does not adequately and fairly reflect the cost to such Lenders of funding such Loan and (y) the circumstances described in Section 2.9 do not apply; or 

  
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 (ii) at any time, that such Lenders shall incur increased costs or
reductions in the amounts received or receivable hereunder with respect to any Loans (including any increased costs or reductions attributable to Taxes, other than any increase or reduction attributable to (A) Indemnified Taxes, (B) Taxes
described in clauses (b) through (d) of the definition of Excluded Taxes or (C) Connection Income Taxes) because of any Change in Law; or 

(iii) in good faith that any law, governmental rule, regulation, guideline or order (in each case whether or not having the
force of law) has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for any Lender or its applicable Lending Office to perform any of its obligations hereunder or make, maintain or fund or charge interest with
respect to any Loan or to determine or charge interest rates based upon the Eurocurrency Rate, or any Governmental Authority has imposed material restrictions on the authority of such Lender to purchase or sell, or to take deposits of, Dollars or
any Alternative Currency in the applicable interbank market; 
 (such Loans, “Impacted Loans”), then, and in any such event, such Lender,
Required Lenders, Required Term A-1 Lenders, Required Term A-2 Lenders or Required Revolving Credit Lenders, as applicable (or the Administrative Agent, in the case of
clause (i)(A) or (B) above) shall within a reasonable time thereafter give notice (if by telephone, confirmed in writing) to the Parent Borrower and the Administrative Agent of such determination (which notice the Administrative Agent
shall promptly transmit to each of the other Lenders). Thereafter (x) in the case of clause (i) above, (1) the obligation of the Lenders to make or maintain Eurocurrency Committed Loans shall be suspended (to the extent of the
affected Eurocurrency Loans or Interest Periods) and (2) in the event of such a determination with respect to the Eurocurrency Rate component of the Base Rate, the utilization of the Eurocurrency Rate component in determining the Base Rate
shall be suspended, in each case until such time as the Administrative Agent notifies the Parent Borrower and the Lenders that the circumstances giving rise to such notice by the Administrative Agent no longer exist (which notice the Administrative
Agent agrees to give at such time when such circumstances no longer exist), and any Committed Loan Notice given by the Parent Borrower with respect to Eurocurrency Committed Loans that have not yet been incurred shall be deemed rescinded by the
Borrowers, (y) in the case of clause (ii) above, the Borrowers shall pay to such Required Term A-1 Lenders, Required Term A-2 or Required Revolving
Credit Lenders, as applicable, promptly after receipt of written demand therefor such additional amounts (in the form of an increased rate of, or a different method of calculating, interest or otherwise as such Lenders in their reasonable discretion
shall determine) as shall be required to compensate such Lenders for such actual increased costs or reductions in amounts receivable hereunder (it being agreed that a written notice as to the additional amounts necessary to compensate such Lenders,
showing in reasonable detail the basis for the calculation thereof, submitted to the Parent Borrower by such Lenders shall, absent clearly demonstrable error, be final and conclusive and binding upon all parties hereto), and (z) in the case of
clause (iii) above, (1) the obligation of such Lender to make, maintain, fund or charge interest with respect to any affected Eurocurrency Loans or LIBOR Floating Rate Loans, to continue any affected Eurocurrency Loans or, in the case of
Eurocurrency Loans in Dollars, to convert Base Rate Loans or LIBOR Floating Rate Loans to Eurocurrency Committed Loans or convert Eurocurrency Committed Loans to LIBOR Floating Rate Loans shall be suspended and (2) if such notice asserts the
illegality of such Lender making or maintaining Base Rate Loans the interest rate on which is determined by reference to the Eurocurrency Rate 

  
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component of the Base Rate, the interest rate on which Base Rate Loans of such Lender shall, if necessary to avoid such illegality, be determined by the Administrative Agent without reference to
the Eurocurrency Rate component of the Base Rate, in each case until such Lender notifies the Administrative Agent and the Parent Borrower that the circumstances giving rise to such determination no longer exist and the Borrowers shall take the
actions specified in clause (x) or (y), as applicable, of Section 2.10(b) promptly and, in any event, within the time period required by law. 

Notwithstanding the foregoing, if the Administrative Agent has made the determination described in
Section 2.10(a)(i)(A), the Administrative Agent, in consultation with the Parent Borrower and the affected Lenders, may establish an alternative interest rate for the Impacted Loans, in which case, such alternative rate of
interest shall apply with respect to the Impacted Loans until (1) the Administrative Agent revokes the notice delivered with respect to the Impacted Loans under clause (A) of Section 2.10(a)(i), (2) the
Administrative Agent or the affected Lenders notify the Administrative Agent and the Parent Borrower that such alternative interest rate does not adequately and fairly reflect the cost to such Lenders of funding the Impacted Loans, or (3) any
Lender determines that any law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for such Lender or its applicable Lending Office to make, maintain or fund Loans whose interest is determined by reference to
such alternative rate of interest or to determine or charge interest rates based upon such rate or any Governmental Authority has imposed material restrictions on the authority of such Lender to do any of the foregoing and provides the
Administrative Agent and the Parent Borrower written notice thereof. 
 (b) At any time that any Eurocurrency Loan or LIBOR Floating Rate
Loan is affected by the circumstances described in Section 2.10(a)(ii) or (iii), the Parent Borrower may (and in the case of a Eurocurrency Loan or LIBOR Floating Rate Loan affected pursuant to
Section 2.10(a)(iii) shall) (x) if a Committed Loan Notice with respect to an affected Eurocurrency Committed Loan or LIBOR Floating Rate Loan has been submitted pursuant to Section 2.2 but
the affected Eurocurrency Committed Loan or LIBOR Floating Rate Loan has not been funded or continued, cancel such requested Borrowing by giving the Administrative Agent written notice thereof on the same date that the Parent Borrower was notified
by Lenders pursuant to Section 2.10(a)(ii) or (iii) or (y) if an affected Eurocurrency Loan or LIBOR Floating Rate Loan is then outstanding, upon at least three Business Days’ notice (or immediately, if
such Lender may not lawfully continue to maintain such Eurocurrency Loan or LIBOR Floating Rate Loan) to the Administrative Agent, prepay or, if any such Eurocurrency Committed Loan or LIBOR Floating Rate Loan is denominated in Dollars, require the
affected Lender to convert each such Eurocurrency Committed Loan or LIBOR Floating Rate Loan denominated in Dollars into a Base Rate Loan (the interest rate on which Base Rate Loans of such Lender shall, if necessary to avoid such illegality, be
determined by the Administrative Agent without reference to the Eurocurrency Rate component of the Base Rate); provided that if more than one Lender is affected at any time, then all affected Lenders must be treated in the same manner
pursuant to this Section 2.10(b). Upon any such prepayment or conversion, the Borrowers shall also pay accrued interest on the amount so prepaid or converted. 

  
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 (c) If any Lender or Letter of Credit Issuer determines that any Change in Law relating to
capital adequacy or liquidity of such Lender or Letter of Credit Issuer or any Lending Office of such Lender or compliance by any Lender or Letter of Credit Issuer or such Lender’s or Letter of Credit Issuer’s parent with any Change in Law
relating to capital adequacy or liquidity has or would have the effect of reducing the actual rate of return on such Lender’s, such Letter of Credit Issuer’s or such Lender’s or Letter of Credit Issuer’s parent’s or
Affiliate’s capital or assets as a consequence of this Agreement, such Lender’s commitments, Loans, participations in Letters of Credit or other obligations hereunder or the Letters of Credit issued by such Letter of Credit Issuer, to a
level below that which such Lender, such Letter of Credit Issuer or such Lender’s or Letter of Credit Issuer’s parent or Affiliate could have achieved but for such Change in Law (taking into consideration such Lender’s or such Letter
of Credit Issuer’s policies or the policies of such Lender’s or Letter of Credit Issuer’s parent or Affiliate with respect to capital adequacy or liquidity), then from time to time, promptly after written demand by such Lender (with a
copy to the Administrative Agent), the Parent Borrower shall pay (or cause the applicable Designated Borrower to pay) to such Lender or Letter of Credit Issuer or its parent or Affiliate, as the case may be, such actual additional amount or amounts
as will compensate such Lender or Letter of Credit Issuer or such Lender’s or Letter of Credit Issuer’s parent for such actual reduction, it being understood and agreed, however, no Lender or Letter of Credit Issuer shall seek compensation
under this Section 2.10(c) based on the occurrence of a Change in Law unless such Lender or Letter of Credit Issuer (in such Lender’s or Letter of Credit Issuer’s reasonable determination) is generally seeking
compensation from other borrowers in the unsecured REIT loan market with respect to its similarly affected commitments, loans and/or participations under agreements with such borrowers (but not necessarily all such borrowers) having provisions
similar to this Section 2.10(c); provided that in no event shall any Lender or Letter of Credit Issuer be required to disclose information of other customers. Each Lender, upon determining in good faith that any
additional amounts will be payable pursuant to this Section 2.10(c), will give prompt written notice thereof to the Parent Borrower, which notice shall set forth in reasonable detail the basis of the calculation of such
additional amounts, although the failure to give any such notice shall not, subject to Section 2.13, release or diminish the Borrowers’ obligations to pay additional amounts pursuant to this
Section 2.10(c) promptly following receipt of such notice. 
 (d) Additional Reserve Requirements. The
Parent Borrower shall pay (or cause the applicable Designated Borrower to pay) to each Lender, (i) as long as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds
or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal amount of each Eurocurrency Loan and/or LIBOR Floating Rate Loan equal to the actual costs of such reserves allocated to such Loan by
such Lender (as determined by such Lender in good faith, which determination shall be conclusive) and (ii) as long as such Lender shall be required to comply with any reserve ratio requirement or analogous requirement of any other central
banking or financial regulatory authority imposed in respect of the maintenance of the Commitments or the funding of the Eurocurrency Loans and/or LIBOR Floating Rate Loans, such additional costs (expressed as a percentage per annum and rounded
upwards, if necessary, to the nearest five decimal places) equal to the actual costs allocated to such Commitment or Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which in each case, shall
be due and payable on each date on which interest is payable on such Loan, provided the Parent Borrower shall have received at least 10 days’ prior notice (with a copy to the Administrative Agent) of such additional interest from such
Lender. If a Lender fails to give notice 10 days prior to the relevant Interest Payment Date, such additional interest shall be due and payable 10 days from receipt of such notice. 

  
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 (e) Each party’s obligations under this Section 2.10 shall
survive the resignation of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender or Letter of Credit Issuer, termination of this Agreement and the Commitments and the payment of the Loans and all other amounts
payable hereunder. 
 Section 2.11. Compensation. Upon written demand of any Lender (with a copy to the Administrative Agent)
from time to time, the Parent Borrower shall promptly compensate (or cause the applicable Designated Borrower to compensate) each Lender for and hold each Lender harmless from any loss, cost or expense incurred by it as a result of: (a) any
continuation, conversion, payment or prepayment of any Eurocurrency Loan on a day other than the last day of the Interest Period for such Eurocurrency Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise), (b) any
failure by any Borrower (for a reason other than the failure of such Lender to make a Loan) to prepay, borrow, continue or convert any Loan other than a Base Rate Loan or LIBOR Floating Rate Loan on the date or in the amount notified by the Parent
Borrower or the applicable Designated Borrower, (c) any failure by any Borrower to make payment of any Loan or drawing under any Letter of Credit (or interest due thereon) denominated in an Alternative Currency on its scheduled due date
or any payment thereof in a different currency; or (d) any assignment of a Eurocurrency Loan on a day other than the last day of the Interest Period therefor as a result of a request by the Parent Borrower pursuant to
Section 2.15, including any losses, costs or expenses that such Lender may reasonably incur as a result of such payment, failure to convert, failure to continue or failure to prepay, including any loss, cost or expense (excluding loss of
anticipated profits) actually incurred, including by reason of the liquidation or reemployment of deposits or other funds acquired by any Lender to fund or maintain such Eurocurrency Loan or from fees payable to terminate the deposits from which
such funds were obtained or from the performance of any foreign exchange contract. The Parent Borrower shall also pay (or cause the applicable Designated Borrower to pay) any customary administrative fees charged by such Lender in connection with
the foregoing. A certificate of a Lender setting forth the amount or amounts necessary to compensate such Lender as specified in this Section 2.11 and setting forth in reasonable detail the manner in which such amount or amounts were
determined shall be delivered to the Parent Borrower and shall be conclusive, absent manifest error. For purposes of calculating amounts payable by the Parent Borrower (or the applicable Designated Borrower) to the Lenders under this
Section 2.11, each Lender shall be deemed to have funded each Eurocurrency Committed Loan made by it at the Eurocurrency Rate for such Loan by a matching deposit or other borrowing in the offshore interbank market for such currency for a
comparable amount and for a comparable period, whether or not such Eurocurrency Committed Loan was in fact so funded. The agreements in this Section 2.11 shall survive the resignation of the Administrative Agent or any
assignment of rights by, or the replacement of, a Lender or Letter of Credit Issuer, termination of this Agreement and the Commitments and the payment of the Loans and all other amounts payable hereunder.  

Section 2.12. Change of Lending Office. Each Lender may make any Loans, L/C Credit Extensions and other extensions of credit to
the Borrowers through any Lending Office, provided that the exercise of this option shall not affect the obligation of the Borrowers to repay the Obligations in accordance with the terms of this Agreement. Each Lender agrees that, upon the
occurrence of any event giving rise to the operation of Section 2.10(a)(ii), 2.10(a)(iii), 2.10(c), 3.5 or 5.4 with respect to such Lender (including, for the avoidance of doubt, the requirement to pay any
Indemnified Taxes or additional amounts to any Recipient pursuant to such sections), it will, 

  
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if requested by the Parent Borrower use reasonable efforts (subject to overall policy considerations of such Lender) to designate another Lending Office for any Loans affected by such event;
provided that such designation is made on such terms that such Lender and its Lending Office suffer no unreimbursed cost or other material economic, legal or regulatory disadvantage, with the object of avoiding the consequence of the event
giving rise to the operation of any such Section. The Parent Borrower hereby agrees to pay (or cause the applicable Designated Borrower to pay) all reasonable costs and expenses incurred by any Lender or Letter of Credit Issuer in connection with
any such designation or assignment. Nothing in this Section 2.12 shall affect or postpone any of the obligations of any Borrower or the right of any Lender provided in Section 2.10, 3.5 or
5.4. 
 Section 2.13. Notice of Certain Costs. Notwithstanding anything in this Agreement to the contrary, to the extent
any notice required by Section 2.10, 2.11, 3.5 or 5.4 is given by any Lender more than 120 days after such Lender has knowledge (or should have had knowledge) of the occurrence of the event giving rise
to the additional cost, reduction in amounts, loss, or other additional amounts described in such Sections, such Lender shall not be entitled to compensation under Section 2.10, 2.11, 3.5 or 5.4, as the
case may be, for any such amounts incurred or accruing prior to the 121st day prior to the giving of such notice to the Parent Borrower (except that, if the Change in Law giving rise to such
increased costs or reductions is retroactive, then the 120 day period referred to above shall be extended to include the period of retroactive effect thereof). 

Section 2.14. Increase in Facilities. 

(a) Request for Increase. Upon written notice to the Administrative Agent, the Parent Borrower may from time to time, request an
increase in the aggregate amount of the Facilities to an amount not exceeding the Dollar Equivalent of $2,000,000,000 in the aggregate after giving effect to such increase by requesting an increase in the Total Revolving Credit Commitment (each such
increase, an “Incremental Revolving Increase”), requesting an increase in the Term A-1 Loan Facility or Term A-2 Loan Facility (each such increase, an
“Incremental Term Loan Increase”) or establishing a new (or increasing an existing) tranche of pari passu term loans (each an “Additional TL Tranche”; each Additional TL Tranche, Incremental Revolving Increase, and
Incremental Term Loan Increase are collectively referred to as “Incremental Facilities”); provided that (i) any such request for an increase shall be in a minimum amount of $25,000,000 or any lesser amount if such amount
represents all remaining availability under the aggregate limit in respect of the increases set forth above (or such lesser amount as the Parent Borrower and the Administrative Agent may agree), (ii) all Incremental Revolving Increases and
Incremental Term Loan Increases shall be on the same terms as the Class of and, if applicable, the Tranche of, the Facilities being increased, and (iii) all incremental commitments and loans provided as part of an Additional TL Tranche
shall be on terms agreed to by the Borrowers and the Lenders providing such Additional TL Tranche; provided, that (x) the final maturity date therefor may not be earlier than the latest maturity date (including any extension option) of
any then existing Facility and (y) if the terms of such Additional TL Tranche (other than final maturity) are not the same as the terms of the Term A-1 Loan, the Term
A-2 Loan or a then existing Additional TL Tranche, such new Additional TL Tranche shall be on terms reasonably acceptable to the Administrative Agent and the Lenders providing such Additional TL Tranche. The
Parent Borrower may approach any Lender or any Person that meets the requirements to be an Assignee under Section 12.6(b)(i) and (ii)(B) to provide all or a portion of the requested increase; provided that
(x) any Lender offered or approached to provide all or a portion of the requested increase may elect or decline, in its sole 

  
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discretion, to provide all or a portion of such increase, (y) no Person approached shall become a Lender without the written consent of the Administrative Agent and the Letter of Credit
Issuers, in each case, if required pursuant to Section 12.6(b) and (z) the Parent Borrower shall not be obligated to offer any existing Lender the opportunity to provide any portion of a requested increase. At the time
of sending its notice, the Parent Borrower (in consultation with the Administrative Agent) shall specify the time period within which each Lender and other Person approached by the Parent Borrower is requested to respond (which shall in no event be
less than ten Business Days from the date of delivery of such notice to such Lenders). 
 (b) Elections to Increase. Each Lender and
other Person approached by the Parent Borrower shall notify the Administrative Agent within the specified time period whether or not it agrees to provide all or a portion of such increase and, if so, the amount of such requested increase that it
proposes to provide. Any Lender not responding within such time period shall be deemed to have declined to provide any portion of the requested increase. Any Person providing any portion of the requested increase that is not an existing Lender shall
become a Lender pursuant to a joinder agreement in form and substance reasonably satisfactory to the Administrative Agent and its counsel (each, a “Joinder Agreement”). The Administrative Agent shall promptly notify the Parent
Borrower and each Lender of the responses to each request made hereunder. 
 (c) Effective Date and Allocations. If the Facilities are
increased pursuant to an Incremental Facility in accordance with this Section, the Administrative Agent and the Parent Borrower shall determine the effective date (the “Increase Effective Date”) and the final allocation of such
Incremental Facility and promptly notify the Lenders thereof and, (x) in the case of an Incremental Revolving Increase, the amount of the Revolving Credit Commitment, Dollar Tranche Commitment and/or Alternative Currency Commitment and
Revolving Credit Commitment Percentage(s) of each Revolving Credit Lender as a result thereof and (y) in the case of an Incremental Term Loan Increase or an Additional TL Tranche, the amount of the Term
A-1 Loan and/or Term A-2 Loan and Applicable Percentage of each Term Lender as a result thereof. 

(d) Conditions to Effectiveness of Incremental Facility. In each case, the Incremental Facility shall become effective as of the
applicable Increase Effective Date; provided that (i) no Default or Event of Default shall exist on such Increase Effective Date both before and after giving effect to such increase, (ii) before and after giving effect to such
increase, each of the representations and warranties made by or on behalf of any Group Member in or pursuant to the Loan Documents shall be true and correct in all material respects (or, if qualified by materiality or Material Adverse Effect, in all
respects) on such Increase Effective Date (except where such representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects (or, if
qualified by materiality or Material Adverse Effect, in all respects) as of such earlier date and except that for purposes of this Section 2.14, the representations and warranties contained in
Section 6.1(a) and (b) shall be deemed to refer to the most recent statements furnished pursuant to Sections 8.1(a) and (b), respectively), (iii) [reserved], (iv) the Parent Borrower shall have
delivered to the Administrative Agent a certificate of each Loan Party dated as of the applicable Increase Effective Date, signed by a Responsible Officer of such Loan Party (x) (1) certifying and attaching the resolutions adopted by such Loan
Party approving or consenting to such increase or (2) certifying that, as of such Increase Effective Date, the resolutions delivered to the Administrative Agent on the Closing Date include approval to increase the maximum aggregate principal
amount 

  
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of all commitments and outstanding loans under this Agreement to an amount at least equal to the Dollar Equivalent of $2,000,000,000 (in each case except in the case of an NZ Loan Party where
such certificate shall be given by a director thereof and shall confirm that the necessary resolutions have been passed and remain in full force and effect), and (y) in the case of the Parent Borrower, certifying to the Administrative Agent
that the conditions in clauses (i) through (iii) above have been satisfied, (v) the Administrative Agent shall have received (x) a Joinder Agreement for each Person (other than a Lender), if any, participating in such increase, which
Joinder Agreement shall be duly executed by the Parent Borrower and each such Person and acknowledged and consented to in writing by the Administrative Agent, and in the case of an Incremental Revolving Increase, the Letter of Credit Issuers and
(y) written confirmation from each existing Lender, if any, participating in such increase of the amount by which its Revolving Credit Commitment will be increased, and/or the amount of Term Loans and/or Term Loan Commitments and/or loans or
commitments with respect to an Additional TL Tranche to be provided by it, (vi) if requested by the Administrative Agent or any new Lender or Lender participating in the Incremental Facility, the Administrative Agent shall have received a
favorable opinion of counsel (which counsel shall be reasonably acceptable to the Administrative Agent), addressed to the Administrative Agent and each Lender, as to such customary matters concerning the Incremental Facility as the Administrative
Agent may reasonably request, (vii) if requested by any new Lender joining on the applicable Increase Effective Date, the Administrative Agent shall have received a Note executed by the Borrowers in favor of such new Lender, (viii) the
Borrowers shall have paid such fees to the Administrative Agent, for its own account and for the benefit of the Lenders participating in the increase, as are agreed mutually at the time and invoiced at least two (2) Business Days prior to the
applicable Increase Effective Date and shall have paid any fees required to be paid pursuant to the Fee Letter in connection therewith, (ix) upon the reasonable request of any Lender or potential Lender made at least ten (10) Business Days
prior to the applicable Increase Effective Date, the Borrowers shall have provided to such Lender or potential Lender, and such Lender or potential Lender shall be reasonably satisfied with, the documentation and other information so requested in
connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the USA PATRIOT Act and the Beneficial Ownership Regulation, in each case at least five (5) Business Days
prior to such Increase Effective Date and (x) the conditions to the making of an extension of credit set forth in Section 7.2 (other than the delivery of a Committed Loan Notice in the case of an Incremental Revolving
Increase) shall be satisfied or waived. 
 (e) Settlement and Funding Procedures. On each Increase Effective Date, promptly following
fulfillment of the conditions set forth in clause (d) of this Section 2.14, the Administrative Agent shall notify the Lenders of the occurrence of the increase effected on such Increase Effective Date, the
amount of the increase, the nature of the increase (i.e., an Incremental Revolving Increase, an Incremental Term Loan Increase or an Additional TL Tranche) and, in the case of an Incremental Revolving Increase, the applicable Tranche or Tranches. In
the event that an increase in the Total Revolving Credit Commitment results in any change to the Revolving Credit Commitment Percentage of any Lender, then on the applicable Increase Effective Date (i) the participation interests of the
Revolving Credit Lenders in any outstanding Letters of Credit shall be automatically reallocated among the Revolving Credit Lenders in accordance with their respective Revolving Credit Commitment Percentages after giving effect to such increase,
(ii) any new Lender, and any existing Revolving Credit Lender whose Revolving Credit Commitment has increased, shall pay to the Administrative Agent such amounts in Dollars and any applicable 

  
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Alternative Currencies as are necessary to fund its new or increased Revolving Credit Commitment Percentage of all existing Revolving Credit Loans of the applicable Tranche or Tranches,
(iii) the Administrative Agent will use the proceeds thereof to pay to all existing Revolving Credit Lenders whose Revolving Credit Commitment Percentage is decreasing such amounts as are necessary so that each Lender’s participation in
existing Revolving Credit Loans of the applicable Tranche or Tranches will be equal to its adjusted Revolving Credit Commitment Percentage and (iv) if the applicable Increase Effective Date occurs on a date other than the last day of an
Interest Period applicable to any outstanding Revolving Credit Loan that is a Eurocurrency Loan, then the Borrowers shall pay any amounts required pursuant to Section 2.11 on account of the payments made pursuant to clause
(iii) of this sentence. In the event of an Incremental Term Loan Increase or an Additional TL Tranche, each Lender participating in such Incremental Facility shall make a Term Loan to the applicable Borrower in an amount equal to its pro rata
share of such Incremental Facility. 
 (f) Amendments. Notwithstanding the provisions of Section 12.1, the
Borrowers, the Administrative Agent and each Lender participating in any Incremental Facility may, without the consent of any other Lenders, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in
the reasonable opinion of the Administrative Agent, to implement the terms of any such Incremental Facility, including any amendments necessary to establish the Loans under any Incremental Facility as a new Class or tranche of Revolving Credit
Loans or Term Loans, as applicable, and such other technical amendments as may be necessary or appropriate in the reasonable opinion of the Administrative Agent in connection with the establishment of such new Class or tranche (including to
preserve the pro rata treatment of the new and existing Classes or tranches), in each case on terms consistent with this Section 2.14. In addition, upon the effectiveness of any Incremental Facility, unless otherwise
specifically provided herein, all references in the Loan Documents to Revolving Credit Loans or Term Loans shall be deemed, unless the context otherwise requires, to include references to Revolving Credit Loans made pursuant to Incremental Revolving
Increases and Term Loans that are made pursuant to Incremental Term Loan Increases and Additional TL Tranches, respectively. 
 (g)
Conflicting Provisions. This Section shall supersede any provisions in Section 12.7(a) or 12.1 to the contrary 

Section 2.15. Replacement of Lenders or Termination of Commitments Under Certain Circumstances. 

(a) The Parent Borrower shall be permitted (x) to replace any Lender with a replacement bank or other financial institution or (y) to
terminate the Commitment of a Lender or Letter of Credit Issuer, as the case may be, and (1) in the case of a Lender (other than a Letter of Credit Issuer), repay all Obligations of the Borrowers due and owing to such Lender relating to the
Loans and participations held by such Lender as of such termination date and (2) in the case of a Letter of Credit Issuer, repay all Obligations of the Borrowers owing to such Letter of Credit Issuer relating to the Loans and participations
held by such Letter of Credit Issuer as of such termination date and cancel or backstop on terms satisfactory to such Letter of Credit Issuer any Letters of Credit issued by it that (a) requests reimbursement for amounts owing pursuant to
Sections 2.10, 3.5 or 5.4, (b) is affected in the manner described in Section 2.10(a)(iii) and as a result thereof any of the actions described in such Section is required to be taken, or (c) becomes

  
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a Defaulting Lender; provided that (i) such replacement or termination does not conflict with any Requirement of Law, (ii) no Event of Default under
Section 10.1(a) or (h) shall have occurred and be continuing at the time of such replacement or termination, (iii) the Parent Borrower shall repay or cause to be repaid (or in the case of a replacement, the
replacement bank or institution shall purchase, at par) all Loans, accrued interest thereon, accrued fees and all other amounts, including pursuant to Sections 2.10, 2.11 or 5.4, as the case may be, owing to such replaced or terminated Lender
prior to the date of replacement or termination, as the case may be, (iv) any replacement bank or institution, if not already a Lender, an Affiliate of the Lender or Approved Fund, and the terms and conditions of such replacement, shall be
reasonably satisfactory to the Administrative Agent, (v) any replacement bank or institution, if not already a Lender shall be subject to the provisions of Section 12.6(b), (vi) any replaced Lender shall be obligated to make
such replacement in accordance with the provisions of Section 12.6(b) (provided that the failure of any such replaced Lender to execute an assignment shall not render such assignment invalid and such assignment shall
be recorded in the Register), (vii) any such replacement shall not be deemed to be a waiver of any rights that any Borrower, the Administrative Agent or any other Lender shall have against the replaced Lender and (viii) such replacement bank or
institution would not have been entitled to reimbursement or have been affected as provided in (a) or (b) above. 
 (b) If any Lender
(such Lender, a “Non-Consenting Lender”) has failed to consent to a proposed amendment, waiver, discharge or termination that pursuant to the terms of Section 12.1
requires the consent of either (i) all of the Lenders directly and adversely affected or (ii) all of the Lenders, and, in each case, with respect to which the Required Lenders (or more than 50% of the directly and adversely affected
Lenders) shall have granted their consent, then the Parent Borrower shall have the right (unless such Non-Consenting Lender grants such consent) to (x) replace such
Non-Consenting Lender by requiring such Non-Consenting Lender to assign its Loans and its Commitments hereunder to one or more assignees reasonably acceptable to the
Administrative Agent (to the extent such consent would be required under Section 12.6(b)) or (y) terminate the Commitment of such Lender or Letter of Credit Issuer, as the case may be, and (1) in the case of a
Lender (other than a Letter of Credit Issuer), repay all Obligations of the Borrowers due and owing to such Lender relating to the Loans and participations held by such Lender as of such termination date and (2) in the case of a Letter of
Credit Issuer, repay all Obligations of the Borrowers owing to such Letter of Credit Issuer relating to the Loans and participations held by such Letter of Credit Issuer as of such termination date and cancel or backstop on terms satisfactory to
such Letter of Credit Issuer any Letters of Credit issued by it; provided that (a) all Obligations hereunder of the Borrowers owing to such Non-Consenting Lender being replaced shall be paid in
full to such Non-Consenting Lender concurrently with such assignment including any amounts that such Lender may be owed pursuant to Section 2.11 and (b) the replacement Lender
shall purchase the foregoing by paying to such Non-Consenting Lender a price equal to the Outstanding Amount thereof plus accrued and unpaid interest thereon. In connection with any such assignment, the
Borrowers, the Administrative Agent, such Non-Consenting Lender and the replacement Lender shall otherwise comply with Section 12.6. 

(c) Notwithstanding anything herein to the contrary, each party hereto agrees that any assignment pursuant to the terms of this
Section 2.15 may be effected pursuant to an Assignment and Assumption executed by the Parent Borrower, the Administrative Agent and the assignee and that the Lender making such assignment need not be a party thereto. 

  
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 Section 2.16. Defaulting Lenders. 

(a) Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then,
until such time as that Lender is no longer a Defaulting Lender, to the extent permitted by applicable law: 
 (i) Waivers
and Amendments. Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in the definition of “Required Lenders” and
Section 12.1. 
 (ii) Defaulting Lender Waterfall. Any payment of principal, interest, fees
or other amounts received by the Administrative Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article X or otherwise) or received by the Administrative Agent from a Defaulting Lender
pursuant to Section 12.7(b) shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to the
Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to any Letter of Credit Issuer hereunder; third, to Cash Collateralize the Fronting Exposure of the Letter of
Credit Issuers with respect to such Defaulting Lender in accordance with Section 3.8; fourth, as the Parent Borrower may request (so long as no Default or Event of Default exists), to the funding of any Loan in
respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; fifth, if so determined by the Administrative Agent and the Parent Borrower, to be held
in a deposit account and released pro rata in order to (x) satisfy such Defaulting Lender’s potential future funding obligations with respect to Loans under this Agreement and (y) Cash Collateralize the future Fronting Exposure of the
Letter of Credit Issuers with respect to such Defaulting Lender, in accordance with Section 3.8; sixth, to the payment of any amounts owing to the Lenders or the Letter of Credit Issuers as a result of any judgment
of a court of competent jurisdiction obtained by any Lender or any Letter of Credit Issuer against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long as no
Default or Event of Default exists, to the payment of any amounts owing to any Borrower as a result of any judgment of a court of competent jurisdiction obtained by such Borrower against such Defaulting Lender as a result of such Defaulting
Lender’s breach of its obligations under this Agreement; and eighth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal
amount of any Loans or L/C Borrowings in respect of which such Defaulting Lender has not fully funded its appropriate share, and (y) such Loans were made or the related Letters of Credit were issued at a time when the conditions set forth in
Section 7.2 were satisfied or waived, such payment shall be applied solely to pay the Loans of, and L/C Obligations owed to, all Non-Defaulting Lenders on a pro rata basis prior to
being applied to the payment of any Loans of, or L/C Obligations owed to, such Defaulting Lender until such time as all Loans and funded and unfunded participations in L/C Obligations are held by the Lenders pro rata in accordance with the Dollar
Tranche Commitments hereunder without giving effect to Section 2.16(a)(iv). Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting
Lender or to post Cash Collateral pursuant to this Section 2.16(a)(ii) shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto. 

  
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 (iii) Certain Fees. 

(A) [intentionally omitted]. 

(B) Each Revolving Lender that is a Defaulting Lender shall be entitled to receive (1) Facility Fees payable under clause
(ii) of Section 4.1(a) for any period during which that Lender is a Defaulting Lender only to the extent allocable to the sum of (x) the Outstanding Amount of the Revolving Credit Loans funded by it, and
(y) its Revolving Credit Commitment Percentage of the stated amount of Letters of Credit for which it has provided Cash Collateral pursuant to Section 3.8 and (2) Letter of Credit Fees for any period during which
that Lender is a Defaulting Lender only to the extent allocable to its Revolving Credit Commitment Percentage of the stated amount of Letters of Credit for which it has provided Cash Collateral pursuant to Section 3.8. 

(C) With respect to any Facility Fee or any Letter of Credit Fee not required to be paid to any Defaulting Lender pursuant to
clause (B) above, the Borrowers shall (x) pay to each Non-Defaulting Lender that portion of any such fee otherwise payable to such Defaulting Lender with respect to such Defaulting
Lender’s participation in L/C Obligations that has been reallocated to such Non-Defaulting Lender pursuant to clause (iv) below, (y) pay to the Letter of Credit Issuers the amount of any such
fee otherwise payable to such Defaulting Lender to the extent allocable to such Letter of Credit Issuer’s Fronting Exposure to such Defaulting Lender, and (z) not be required to pay the remaining amount of any such fee. 

(iv) Reallocation of Revolving Credit Commitment Percentages to Reduce Fronting Exposure. All or any part of such
Defaulting Lender’s participation in L/C Obligations shall be reallocated among the Lenders that are Non-Defaulting Lenders in accordance with their respective Revolving Credit Commitment Percentages
(calculated without regard to such Defaulting Lender’s Revolving Credit Commitment) but only to the extent that such reallocation does not cause the aggregate Revolving Credit Exposure of any
Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Revolving Credit Commitment. Subject to Section 12.21, no reallocation
hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a
Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation. 

(v) Cash Collateral. If the reallocation described in clause (a)(iv) above cannot, or can only partially, be
effected, the Parent Borrower shall, without prejudice to any right or remedy available to it hereunder or under applicable Law, Cash Collateralize the Letter of Credit Issuers’ Fronting Exposure in accordance with the procedures set forth in
Section 3.8. 

  
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 (b) Defaulting Lender Cure. If the Parent Borrower, the Administrative Agent and each
Letter of Credit Issuer agree in writing that a Lender is no longer a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth
therein (which may include arrangements with respect to any Cash Collateral), that Lender will, to the extent applicable, purchase at par that portion of outstanding Loans of the other Lenders or take such other actions as the Administrative Agent
may determine to be necessary to cause the Loans to be held on a pro rata basis by the applicable Lenders, and funded and unfunded participations in Letters of Credit to be held on a pro rata basis by the Dollar Tranche Lenders, in each case, in
accordance with their Applicable Percentages of the applicable Classes of Loans (without giving effect to Section 2.16(a)(iv)), whereupon such Lender will cease to be a Defaulting Lender; provided that no adjustments
will be made retroactively with respect to fees accrued or payments made by or on behalf of any Borrower while that Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the
affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. 

Section 2.17. Extension of Revolving Loan Maturity Date. 

(a) Requests for Extension. The Parent Borrower may, by written notice to the Administrative Agent (such notice, a “Revolving
Loan Extension Notice”) (i) at least 30 days prior to the Initial Revolving Loan Maturity Date, but no more than 90 days prior to the Initial Revolving Loan Maturity Date, request that the Revolving Lenders extend the Revolving Loan
Maturity Date for a period of six months from the Initial Revolving Loan Maturity Date (such new Maturity Date, the “First Extended Revolving Maturity Date”) and (ii) at least 30 days prior to the First Extended Revolving
Maturity Date, but no more than 90 days prior to the First Extended Revolving Maturity Date request that the Revolving Lenders extend the Revolving Loan Maturity Date for an additional period of six months from the First Extended Revolving Maturity
Date to the Final Maturity Date. 
 (b) Conditions to Effectiveness of Extension. As conditions precedent to the effectiveness of each
such extension of the Revolving Loan Maturity Date each of the following requirements shall be satisfied or waived on or prior to the then existing Revolving Loan Maturity Date, as determined in good faith by the Administrative Agent (in each case,
the first date on which such conditions precedent are satisfied or waived, the “Extension Effective Date”): 

(i) On the date of such Revolving Loan Extension Notice and both immediately before and immediately after giving effect to such
extension of the Revolving Loan Maturity Date, (x) each of the representations and warranties made by or on behalf of any Group Member in or pursuant to the Loan Documents shall be true and correct in all material respects (or, if qualified by
materiality or Material Adverse Effect, in all respects) on such Extension Effective Date (except where such representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall have been true
and correct in all material respects (or, if qualified by materiality or Material Adverse Effect, in all respects) as of such earlier date and except that for purposes of this Section 2.17, the representations and
warranties contained in Section 6.1(a) and (b) shall be deemed to refer to the most recent statements furnished pursuant to Sections 8.1(a) and (b), respectively) and (y) no Default or Event
of Default shall have occurred and be continuing; 

  
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 (ii) The Parent Borrower shall have paid or caused to be paid to the
Administrative Agent, for the pro rata benefit of the Revolving Credit Lenders based on their respective Revolving Credit Commitment Percentages as of such date, an extension fee in an amount equal to 0.0625% multiplied by the amount of the Total
Revolving Credit Commitment as in effect on the Extension Effective Date, it being agreed that such extension fee shall be fully earned when paid and shall not be refundable for any reason; 

(iii) The Administrative Agent shall have received a certificate of the Parent Borrower dated as of the Extension Effective
Date signed by a Responsible Officer of the Parent Borrower (1) (A) certifying and attaching the resolutions adopted by each Loan Party approving or consenting to such extension or (B) certifying that, as of the Extension Effective Date, the
resolutions delivered to the Administrative Agent and the Lenders on the Closing Date (which resolutions include approval for an extension of the Revolving Loan Maturity Date for a period that is not less than an additional twelve (12) months
from the Initial Revolving Loan Maturity Date) are and remain in full force and effect and have not been modified, rescinded or superseded since the date of adoption (in each case except in the case of an NZ Loan Party where such certificate shall
be given by a director thereof and shall confirm that the necessary resolutions have been passed and remain in full force and effect) and (2) certifying that, before and after giving effect to such extension, (A) each of the
representations and warranties made by or on behalf of any Group Member in or pursuant to the Loan Documents shall be true and correct in all material respects (or, if qualified by materiality or Material Adverse Effect, in all respects) on such
Extension Effective Date (except where such representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects (or, if qualified by
materiality or Material Adverse Effect, in all respects) as of such earlier date and except that for purposes of this Section 2.17, the representations and warranties contained in Section 6.1(a)
and (b) shall be deemed to refer to the most recent statements furnished pursuant to Sections 8.1(a) and (b), respectively), and (B) no Default or Event of Default exists; and 

(iv) The Administrative Agent shall have received such other certificates, opinions and other documents as the Administrative
Agent or any of the Revolving Credit Lenders may reasonably require, each in form and substance reasonably satisfactory to the Administrative Agent. 

(c) Extension Effectiveness. The Revolving Loan Maturity Date shall be extended, effective as of the Extension Effective Date. 

(d) Conflicting Provisions. This Section shall supersede any provisions in Section 12.7(a) or 12.1 to
the contrary. 

  
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 Section 2.18. Designated Borrowers. 

(a) The Parent Borrower may at any time by notice from the Parent Borrower to the Administrative Agent request that a Wholly-Owned Subsidiary
of the Parent Borrower (an “Applicant Borrower”) be designated as a Designated Borrower to receive Revolving Credit Loans hereunder by delivering to the Administrative Agent a duly executed notice and agreement in substantially the
form of Exhibit K (a “Designated Borrower Request and Assumption Agreement”). The Administrative Agent shall promptly notify each Revolving Credit Lender of each such designation by the Parent Borrower and the identity and
jurisdiction of the Applicant Borrower. Following delivery of a Designated Borrower Request and Assumption Agreement, the Parent Borrower shall promptly upon the request of the Administrative Agent or any Lender provide all documentation and other
information concerning such Applicant Borrower that the Administrative Agent or such Lender requests in order to comply with its obligations under applicable “know your customer” and anti-money-laundering rules and regulations, including
the Patriot Act and the Beneficial Ownership Regulation. The parties hereto acknowledge and agree that prior to any Applicant Borrower becoming entitled to utilize the credit facilities provided for herein the Administrative Agent and the Lenders
shall have received (i) all documentation and other information concerning such Applicant Borrower that the Administrative Agent or any Lender requests in order to comply with its obligations under applicable “know your customer” and
anti-money laundering rules and regulations, including the Patriot Act and the Beneficial Ownership Regulation (the “Required Information”), (ii) such supporting resolutions, incumbency certificates, opinions of counsel and other
documents or information, in form, content and scope reasonably satisfactory to the Administrative Agent, as may be required by the Administrative Agent or the Required Lenders in their sole discretion, and (iii) one or more Notes signed by
such Applicant Borrower to the extent any Lenders so require. Notwithstanding anything to the contrary contained in this Agreement, in the event that the results of any such “know your customer” or similar investigation conducted by the
Administrative Agent or any Lender with respect to any Applicant Borrower is not reasonably satisfactory to the Administrative Agent or any Lender, such Applicant Borrower shall not be permitted to become a Designated Borrower. 

(b) The approval of the Administrative Agent and the Required Revolving Credit Lenders will be required in order for an Applicant Borrower to
be entitled to receive Revolving Credit Loans hereunder; provided that any designation of an Applicant Borrower organized under the laws of a jurisdiction other than the United States or Canada as a Designated Borrower shall require the
consent of each Revolving Credit Lender; provided, further that the designation of an Applicant Borrower organized under the laws of Canada shall require the consent of each Revolving Credit Lender if any Change in Law adversely
affects the legality or ability of a Revolving Credit Lender to make Revolving Credit Loans to such Applicant Borrower or to conduct business in the jurisdiction of organization of such Applicant Borrower. If the Administrative Agent and the
requisite Revolving Credit Lenders (as determined in accordance with the prior sentence) approve the designation of an Applicant Borrower as a Designated Borrower, then promptly following receipt, but in no event earlier than ten (10) Business
Days following receipt by the Administrative Agent and the Lenders of the Required Information with respect to an Applicant Borrower organized under the laws of the United States or Canada (or such earlier date as the Administrative Agent may agree)
and within such time period as may be agreed by the Administrative Agent and the Parent Borrower following receipt by the Administrative Agent and the Lenders of the Required Information with respect to any other Applicant Borrower,

  
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the Administrative Agent shall send a notice in substantially the form of Exhibit L (a “Designated Borrower Notice”) to the Parent Borrower and the Lenders specifying the
effective date upon which, subject to receipt of all resolutions, incumbency certificates, opinions of counsel and other documents or information requested or required pursuant to the last sentence of Section 2.18(a), the
Applicant Borrower shall constitute a Designated Borrower for purposes hereof, whereupon each of the Lenders agrees to permit such Designated Borrower to receive Revolving Credit Loans hereunder, on the terms and conditions set forth herein, and
each of the parties agrees that such Designated Borrower otherwise shall be a Borrower for all purposes of this Agreement; provided that no Committed Loan Notice or Letter of Credit Application may be submitted by or on behalf of such
Designated Borrower until the date five (5) Business Days after such effective date. 
 (c) Notwithstanding anything to the contrary
contained herein, (i) any Designated Borrower that is organized under the laws of Canada shall only be permitted to receive Revolving Credit Loans, and request the issuance of Letters of Credit, that are denominated in Dollars or Canadian
Dollars, (ii) any Designated Borrower that is organized under the laws of Australia shall only be permitted to receive Revolving Credit Loans, and request the issuance of Letters of Credit, that are denominated in Dollars or Australian Dollars
and (iii) any Designated Borrower that is organized under the laws of New Zealand shall only be permitted to receive Revolving Credit Loans, and request the issuance of Letters of Credit, that are denominated in Dollars or New Zealand Dollars.

 (d) The Obligations of the Parent Borrower and each Designated Borrower shall be joint and several in nature, as further described in
Section 2.19. 
 (e) Each Designated Borrower hereby irrevocably appoints and consents to the Parent Borrower as
its agent for all purposes relevant to this Agreement and each of the other Loan Documents, including (i) the giving and receipt of notices (including, without limitation, with respect to Borrowings and repayments of Loans as described in
Article II hereof and Letters of Credit as described in Article III hereof and of service of any and all process which may be served in any suit, action or proceeding of the nature referred to in Section 12.11
(and the Parent Borrower hereby accepts such appointment for service)), (ii) the execution and delivery of all documents, instruments and certificates contemplated herein and all modifications hereto, and (iii) the receipt of the proceeds of
any Loans made by the Lenders to any such Designated Borrower hereunder. Any acknowledgment, consent, direction, certification or other action which might otherwise be valid or effective only if given or taken by all Borrowers, or by each Borrower
acting singly, shall be valid and effective if given or taken only by the Parent Borrower, whether or not any such other Borrower joins therein. Any notice, demand, consent, acknowledgement, direction, certification or other communication delivered
to the Parent Borrower in accordance with the terms of this Agreement shall be deemed to have been delivered to each Designated Borrower. 

(f) The Parent Borrower may from time to time, upon not less than 15 Business Days’ notice from the Parent Borrower to the Administrative
Agent (or such shorter period as may be agreed by the Administrative Agent in its sole discretion), terminate a Designated Borrower’s status as such by delivering to the Administrative Agent a duly executed notice in substantially the form of
Exhibit M (a “Designated Borrower Termination Notice”), provided that there are no outstanding Loans payable by such Designated Borrower, or other amounts payable by such Designated Borrower on account of any Loans or
other extensions of credit made to it, as of the 

  
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effective date of such termination. The Administrative Agent will promptly notify the Lenders of any such termination of a Designated Borrower’s status. Notwithstanding the foregoing, the
delivery of a Designated Borrower Termination Notice with respect to any Borrower shall not terminate (i) any obligation of such Borrower that remains unpaid at the time of such delivery (including without limitation any obligation arising
thereafter in respect of such Borrower under Section 3.5 or 5.4) or (ii) the obligations of the Company under Article XIII with respect to any such unpaid obligations. 

Section 2.19. Joint and Several Liability. 

(a) Each of the Borrowers is accepting joint and several liability hereunder in consideration of the financial accommodation to be provided by
the Lenders under this Agreement, for the mutual benefit, directly and indirectly, of each of the Borrowers and in consideration of the undertakings of each of the Borrowers to accept joint and several liability for the obligations of each of them.

 (b) Each of the Borrowers hereby irrevocably and unconditionally accepts, not merely as a surety but also as a co debtor, joint and
several liability with the other Borrowers with respect to the payment and performance of all of the Obligations arising under this Agreement and the other Loan Documents, it being the intention of the parties hereto that all of the Obligations
shall be the joint and several obligations of each of the Borrowers without preferences or distinction among them. 
 (c) If and to the
extent that any of the Borrowers shall fail to make any payment with respect to any of the obligations hereunder as and when due or to perform any of such obligations in accordance with the terms thereof, then in each such event, the other Borrowers
will make such payment with respect to, or perform, such obligation. 
 (d) The obligations of each Borrower under the provisions of this
Section 2.19 constitute full recourse obligations of such Borrower, enforceable against it to the full extent of its properties and assets, irrespective of the validity, regularity or enforceability of this Agreement or any
other circumstances whatsoever. 
 (e) Except as otherwise expressly provided herein, each Borrower hereby waives notice of acceptance of its
joint and several liability, notice of occurrence of any Default or Event of Default (except to the extent notice is expressly required to be given pursuant to the terms of this Agreement) or of any demand for any payment under this Agreement
(except to the extent demand is expressly required to be given pursuant to the terms of this Agreement), notice of any action at any time taken or omitted by the Lenders under or in respect of any of the Obligations hereunder, any requirement of
diligence and, generally, all demands, notices and other formalities of every kind in connection with this Agreement. Each Borrower hereby assents to, and waives notice of, any extension or postponement of the time for the payment of any of the
Obligations hereunder, the acceptance of any partial payment thereon, any waiver, consent or other action or acquiescence by the Lenders at any time or times in respect of any default by any Borrower in the performance or satisfaction of any term,
covenant, condition or provision of this Agreement, any and all other indulgences whatsoever by the Lenders in respect of any of the Obligations hereunder, and the taking, addition, substitution or release, in whole or in part, at any time or times,
of any 

  
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security for any of such Obligations or the addition, substitution or release, in whole or in part, of any Borrower. Without limiting the generality of the foregoing, each Borrower assents to any
other action or delay in acting or any failure to act on the part of the Lenders, including, without limitation, any failure strictly or diligently to assert any right or to pursue any remedy or to comply fully with applicable laws or regulations
thereunder which might, but for the provisions of this Section 2.19, afford grounds for terminating, discharging or relieving such Borrower, in whole or in part, from any of its obligations under this
Section 2.19, it being the intention of each Borrower that, so long as any of the Obligations hereunder remain unsatisfied, the obligations of such Borrower under this Section 2.19 shall not be
discharged except by performance and then only to the extent of such performance. The obligations of each Borrower under this Section 2.19 shall not be diminished or rendered unenforceable by any winding up, reorganization,
arrangement, liquidation, reconstruction or similar proceeding with respect to any reconstruction or similar proceeding with respect to any Borrower or any Lender. The joint and several liability of the Borrowers hereunder shall continue in full
force and effect notwithstanding any absorption, merger, amalgamation or any other change whatsoever in the name, membership, constitution or place of formation of any Borrower or any Lender. 

(f) The provisions of this Section 2.19 are made for the benefit of the Administrative Agent and the Lenders and
their respective successors and assigns, and may be enforced by any such Person from time to time against any of the Borrowers as often as occasion therefor may arise and without requirement on the part of any Lender first to marshal any of its
claims or to exercise any of its rights against any of the other Borrowers or to exhaust any remedies available to it against any of the other Borrowers or to resort to any other source or means of obtaining payment of any of the Obligations or to
elect any other remedy. The provisions of this Section 2.19 shall remain in effect until all of the Obligations hereunder shall have been paid in full or otherwise fully satisfied. If at any time, any payment, or any part
thereof, made in respect of any of the Obligations, is rescinded or must otherwise be restored or returned by the Lenders upon the insolvency, bankruptcy or reorganization of any of the Borrowers, or otherwise, the provisions of this
Section 2.19 will forthwith be reinstated and in effect as though such payment had not been made. 
 (g)
Notwithstanding any provision to the contrary contained herein or in any other Loan Document, the obligations of each Designated Borrower hereunder shall be limited to an aggregate amount equal to the largest amount that would not render its
obligations hereunder subject to avoidance under Section 548 of the Bankruptcy Code or any comparable provisions of any applicable state law or any Debtor Relief Laws. 

(h) The Borrowers hereby agree as among themselves that, in connection with payments made hereunder, each such Person shall have a right of
contribution from each other Borrower in accordance with applicable Laws. Such contribution rights shall be subordinate and subject in right of payment to the Obligations until such time as the Obligations have been irrevocably paid in full and the
Commitments relating thereto shall have expired or been terminated, and none of the Borrowers shall exercise any such contribution rights until the Obligations have been irrevocably paid in full and the Commitments relating thereto shall have
expired or been terminated. 

  
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 (i) Notwithstanding the foregoing, or anything else in this Agreement to the contrary, if at
the time the Parent Borrower notifies the Administrative Agent and the Lenders that it has determined, in its reasonable judgment, that the joint and several liability of a Borrower that is a Foreign Obligor with the other Borrowers would result in
adverse tax consequences to the Parent Borrower or the Group Members taken as a whole, then the obligations of such Borrower shall instead be several in nature. 

ARTICLE III 
 LETTERS OF
CREDIT 
 Section 3.1. Letters of Credit. 

(a) Subject to and upon the terms and conditions herein set forth, (i) at any time and from time to time during the L/C Availability
Period, each Letter of Credit Issuer agrees, in reliance upon the agreements of the Dollar Tranche Lenders set forth in this Article III, to issue from time to time during the L/C Availability Period for the account of the Parent Borrower
(or, so long as the Parent Borrower is the primary obligor, for the account of any Subsidiary of the Parent Borrower) letters of credit denominated in Dollars or in one or more Alternative Currencies (the “Letters of Credit” and
each, a “Letter of Credit”) in such form as may be approved by such Letter of Credit Issuer in its reasonable discretion and (ii) the Dollar Tranche Lenders severally agree to participate in Letters of Credit issued for the
account of the Parent Borrower or its Subsidiaries and any drawings thereunder. Each letter of credit listed on Schedule 3.1A (each an “Existing Letter of Credit”) shall be deemed to constitute a Letter of Credit issued
hereunder by the Letter of Credit Issuer identified on such schedule and from and after the Closing Date shall be subject to and governed by the terms and conditions hereof. 

(b) Notwithstanding the foregoing, (i) [reserved]; (ii) no Letter of Credit shall be issued, amended or renewed the Stated Amount of which,
when added to the L/C Obligations at such time, would exceed the Letter of Credit Subfacility then in effect; (iii) no Letter of Credit shall be issued, amended or renewed the Stated Amount of which would cause (A) the aggregate amount of
the Lenders’ Revolving Credit Exposures at the time of the issuance, amendment or renewal thereof to exceed the Total Revolving Credit Commitment then in effect, (B) the Revolving Credit Exposure of any Revolving Credit Lender at the time
of the issuance, amendment or renewal thereof to exceed such Lender’s Revolving Credit Commitment, (C) the aggregate Dollar Tranche Exposure of all Revolving Credit Lenders to exceed the Dollar Tranche, or (D) the Dollar Tranche
Exposure of any Revolving Credit Lender to exceed such Revolving Credit Lender’s Dollar Tranche Commitment; (iv) each Letter of Credit shall have an expiration date occurring no later than the earlier of (x) one year after the date of
issuance thereof (except as set forth in Section 3.2(d)) and (y) the L/C Maturity Date; provided that, notwithstanding the foregoing, a Letter of Credit may have an expiration date (A) occurring later than
the L/C Maturity Date to the extent agreed upon by the Administrative Agent, the applicable Letter of Credit Issuer and, unless such Letter of Credit has been Cash Collateralized, the Dollar Tranche Lenders and (B) up to one year after the L/C
Maturity Date if, not later than ninety (90) days prior to the L/C Maturity Date, the Parent Borrower provides cash collateral acceptable to all Letter of Credit Issuers in an amount equal to 102% of the Stated Amount of all Letters of Credit
with expiration dates after the L/C Maturity Date; (v) each Letter of Credit shall be denominated in Dollars or an Alternative Currency; (vi) no Letter of Credit Issuer shall be under any obligation to issue any

  
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Letter of Credit if it would be illegal under any applicable law for the beneficiary of the Letter of Credit to have a Letter of Credit issued in its favor; (vii) no Letter of Credit shall
be issued by any Letter of Credit Issuer after it has received a written notice from any Loan Party or the Administrative Agent or the Required Tranche Lenders stating that a Default or Event of Default has occurred and is continuing until such time
as such Letter of Credit Issuer shall have received a written notice of (x) rescission of such notice from the party or parties originally delivering such notice or (y) the waiver of such Default or Event of Default in accordance with the
provisions of Section 13.1; and (viii) no Letter of Credit Issuer shall be under any obligation to issue, amend or renew any Letter of Credit if after giving effect thereto the L/C Obligations in respect of all Letters
of Credit issued by such Letter of Credit Issuer would exceed such Letter of Credit Issuer’s Letter of Credit Sublimit; provided that, subject to the limitations set forth in the proviso to clauses (i) through (iii)
above, any Letter of Credit Issuer in its sole discretion may issue Letters of Credit in excess of its Letter of Credit Sublimit. 
 (c) Upon
at least two Business Days’ prior written notice to the Administrative Agent and the applicable Letter of Credit Issuer (which notice the Administrative Agent shall promptly transmit to each of the Dollar Tranche Lenders), the Parent Borrower
shall have the right, on any day, permanently to terminate or reduce the Letter of Credit Subfacility in whole or in part; provided that, (i) after giving effect to such termination or reduction, the L/C Obligations shall not exceed the
Letter of Credit Subfacility and (ii) the Letter of Credit Sublimit of each Letter of Credit Issuer shall be reduced on a pro rata basis. Following any such termination or reduction, the Administrative Agent may in its discretion replace the
existing Schedule 1.1A with an amended and restated schedule that reflects such termination or reduction. 
 (d) No Letter of Credit
Issuer shall be under any obligation to issue any Letter of Credit if: 
 (i) any order, judgment or decree of any
Governmental Authority or arbitrator shall by its terms enjoin or restrain such Letter of Credit Issuer from issuing such Letter of Credit, or any law applicable to such Letter of Credit Issuer or any request or directive (whether or not having the
force of law) from any Governmental Authority with jurisdiction over such Letter of Credit Issuer shall prohibit, or request that such Letter of Credit Issuer refrain from, the issuance of letters of credit generally or such Letter of Credit in
particular or shall impose upon such Letter of Credit Issuer with respect to such Letter of Credit any restriction, reserve or capital requirement (in each case, for which such Letter of Credit Issuer is not otherwise compensated hereunder) not in
effect on the Closing Date, or shall impose upon such Letter of Credit Issuer any unreimbursed loss, cost or expense which was not applicable on the Closing Date and which such Letter of Credit Issuer in good faith deems material to it; 

(ii) the issuance of such Letter of Credit would violate one or more policies of such Letter of Credit Issuer applicable to
letters of credit generally; 
 (iii) except as otherwise agreed by such Letter of Credit Issuer, such Letter of Credit is in
an initial Stated Amount less than $100,000 (or such lower amount as may be agreed to by such Letter of Credit Issuer); 

  
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 (iv) such Letter of Credit is denominated in a currency other than Dollars
or an Alternative Currency; 
 (v) such Letter of Credit contains any provisions for automatic reinstatement of the Stated
Amount after any drawing thereunder; 
 (vi) such Letter of Credit Issuer does not as of the issuance date of the requested
Letter of Credit issue Letters of Credit in the requested currency; or 
 (vii) any Dollar Tranche Lender is at that time a
Defaulting Lender, unless such Letter of Credit Issuer has entered into arrangements, including the delivery of Cash Collateral, satisfactory to such Letter of Credit Issuer (in its sole discretion) with the Parent Borrower or such Dollar Tranche
Lender to eliminate such Letter of Credit Issuer’s actual or potential Fronting Exposure (after giving effect to Section 2.16(a)(iv)) with respect to the Defaulting Lender arising from either the Letter of Credit then
proposed to be issued or that Letter of Credit and all other L/C Obligations as to which such Letter of Credit Issuer has actual or potential Fronting Exposure, as it may elect in its sole discretion; or 

(e) No Letter of Credit Issuer shall increase the Stated Amount of any Letter of Credit if such Letter of Credit Issuer would not be permitted
at such time to issue such Letter of Credit in its amended form under the terms hereof. 
 (f) No Letter of Credit Issuer shall be under any
obligation to amend any Letter of Credit if (A) such Letter of Credit Issuer would have no obligation at such time to issue such Letter of Credit in its amended form under the terms hereof, or (B) the beneficiary of such Letter of Credit
does not accept the proposed amendment to such Letter of Credit. 
 (g) Each Letter of Credit Issuer shall act on behalf of the Dollar
Tranche Lenders with respect to any Letters of Credit issued by it and the documents associated therewith and each Letter of Credit Issuer shall have all of the benefits and immunities (A) provided to the Administrative Agent in Article
XI with respect to any acts taken or omissions suffered by such Letter of Credit Issuer in connection with Letters of Credit issued by it or proposed to be issued by it and Issuer Documents pertaining to such Letters of Credit as fully as if the
term “Administrative Agent” as used in Article XI included such Letter of Credit Issuer with respect to such acts or omissions, and (B) as additionally provided herein with respect to such Letter of Credit Issuer. 

Section 3.2. Letter of Credit Requests. 

(a) Whenever the Parent Borrower desires that a Letter of Credit be issued for its account or amended, the Parent Borrower shall deliver to the
Administrative Agent and the applicable Letter of Credit Issuer a request in the form of a Letter of Credit Application by no later than 1:00 p.m. at least three Business Days (or such other period as may be agreed upon by the Parent Borrower and
such Letter of Credit Issuer) prior to the proposed date of issuance or amendment; provided that all requests for Letters of Credit denominated in an Alternative Currency shall, in the first instance, be directed to Bank of America, and, if
Bank of America declines to issue a Letter of Credit denominated in an Alternative Currency, the Parent Borrower may then deliver a request for such Letter of Credit denominated in an Alternative Currency to another Letter of Credit Issuer;
provided further that there shall not be more than two Letter of 

  
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Credit Issuers, in addition to Bank of America, with Letters of Credit outstanding in an Alternative Currency at any time. Each Letter of Credit Application shall be appropriately completed and
executed by a Responsible Officer of the Parent Borrower. Such Letter of Credit Application may be sent by facsimile, by United States mail, by overnight courier, by electronic transmission using the system provided by such Letter of Credit Issuer,
by personal delivery or by any other means acceptable to such Letter of Credit Issuer. For the avoidance of doubt, each Letter of Credit shall be issued by one Letter of Credit Issuer. 

(b) In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail
reasonably satisfactory to the applicable Letter of Credit Issuer: (i) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day); (ii) the Stated Amount and currency thereof; (iii) the expiry date
thereof; (iv) the name and address of the beneficiary thereof; (v) the documents to be presented by such beneficiary in case of any drawing thereunder; (vi) the full text of any certificate to be presented by such beneficiary in case
of any drawing thereunder; (vii) the identity of the applicant; (viii) the purpose and nature of the requested Letter of Credit; and (ix) such other matters as such Letter of Credit Issuer may reasonably require. In the case of a
request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail reasonably satisfactory to such Letter of Credit Issuer (A) the Letter of Credit to be amended; (B) the
proposed date of amendment thereof (which shall be a Business Day); (C) the nature of the proposed amendment; and (D) such other matters as such Letter of Credit Issuer may reasonably require. Additionally, the Parent Borrower shall furnish to
such Letter of Credit Issuer and the Administrative Agent such other documents and information pertaining to such requested Letter of Credit issuance or amendment, including any Issuer Documents, as such Letter of Credit Issuer or the Administrative
Agent may reasonably require. 
 (c) Promptly after receipt of any Letter of Credit Application, the applicable Letter of Credit Issuer will
confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has received a copy of such Letter of Credit Application from the Parent Borrower and, if not, such Letter of Credit Issuer will provide the
Administrative Agent with a copy thereof. Unless a Letter of Credit Issuer has received written notice from any Dollar Tranche Lender, the Administrative Agent or any Loan Party, at least one Business Day prior to the requested date of issuance or
amendment of the Letter of Credit, that one or more applicable conditions contained in Sections 7.1 (solely with respect to any Letter of Credit issued on the Closing Date) and 7.2 shall not then be satisfied to the extent required
thereby, then, subject to the terms and conditions hereof, such Letter of Credit Issuer shall, on the requested date, issue a Letter of Credit for the account of the Parent Borrower (or, so long as the Parent Borrower is the primary obligor, for the
account of a Subsidiary of the Parent Borrower) or enter into the applicable amendment, as the case may be, in each case in accordance with such Letter of Credit Issuer’s usual and customary business practices. 

(d) If the Parent Borrower so requests in any applicable Letter of Credit Application, a Letter of Credit Issuer may, in its sole discretion,
agree to issue a Letter of Credit that has automatic extension provisions (each, an “Auto-Extension Letter of Credit”); provided that any such Auto-Extension Letter of Credit must permit such Letter of Credit Issuer to
prevent any such extension at least once in each twelve-month period (commencing with the date of issuance of such Letter of Credit) by giving prior notice to the beneficiary thereof and the Parent Borrower not later than

  
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a day (the “Non-Extension Notice Date”) in each such twelve-month period to be agreed upon at the time such Letter of Credit is issued.
Unless otherwise directed by the applicable Letter of Credit Issuer, the Parent Borrower shall not be required to make a specific request to such Letter of Credit Issuer for any such extension. Once an Auto-Extension Letter of Credit has been
issued, the Dollar Tranche Lenders shall be deemed to have authorized (but may not require) such Letter of Credit Issuer to permit the extension of such Letter of Credit at any time to an expiry date not later than the L/C Maturity Date, unless
otherwise agreed upon by the Administrative Agent and such Letter of Credit Issuer; provided, however, that such Letter of Credit Issuer shall not permit any such extension if (A) such Letter of Credit Issuer has reasonably
determined that it would not be permitted, or would have no obligation, at such time to issue such Letter of Credit in its revised form (as extended) under the terms hereof (by reason of the provisions of Section 3.1(b) or
otherwise), or (B) it has received written notice on or before the day that is seven Business Days before the Non-Extension Notice Date from the Administrative Agent, any Dollar Tranche Lender or the
Parent Borrower that one or more of the applicable conditions specified in Section 7.2 are not then satisfied, and in each such case directing such Letter of Credit Issuer not to permit such extension. 

(e) Promptly after its delivery of any Letter of Credit or any amendment to a Letter of Credit to an advising bank with respect thereto or to
the beneficiary thereof, each Letter of Credit Issuer will also deliver to the Parent Borrower and the Administrative Agent a true and complete copy of such Letter of Credit or amendment. 

(f) Each request for a Letter of Credit shall be deemed to be a representation and warranty by the Parent Borrower that the Letter of Credit
may be issued in accordance with, and will not violate the requirements of, Section 3.1(b). 
 Section 3.3.
Letter of Credit Participations. 
 (a) Immediately upon the issuance by a Letter of Credit Issuer of any Letter of Credit, such
Letter of Credit Issuer shall be deemed to have sold and transferred to each Dollar Tranche Lender (each such Dollar Tranche Lender, in its capacity under this Section 3.3, an “L/C Participant”), and each
such L/C Participant shall be deemed irrevocably and unconditionally to have purchased and received from such Letter of Credit Issuer, without recourse or warranty, an undivided interest and participation (each an “L/C
Participation”), to the extent of such L/C Participant’s Revolving Credit Commitment Percentage in each Letter of Credit, each substitute therefor, each drawing made thereunder and the obligations of the Parent Borrower under this
Agreement with respect thereto, and any security therefor or guaranty pertaining thereto; provided that the Letter of Credit Fees will be paid directly to the Administrative Agent for the ratable account of the L/C Participants as provided in
Section 4.1(b) and the L/C Participants shall have no right to receive any portion of any fees paid to the Administrative Agent for the account of any Letter of Credit Issuer in respect of each Letter of Credit issued
hereunder. 
 (b) In determining whether to pay under any Letter of Credit, the relevant Letter of Credit Issuer shall have no obligation
relative to the L/C Participants other than to confirm that any documents required to be delivered under such Letter of Credit have been delivered and that they appear to comply on their face with the requirements of such Letter of Credit. Any
action taken or omitted to be taken by the relevant Letter of Credit Issuer under or in connection with any Letter of Credit issued by it, if taken or omitted in the absence of gross negligence or willful misconduct as determined in the final non-appealable judgment of a court of competent jurisdiction, shall not create for the Letter of Credit Issuer any resulting liability. 

  
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 (c) In the event that any Letter of Credit Issuer makes any payment under any Letter of
Credit issued by it and the Parent Borrowers shall not have repaid such amount in full to such Letter of Credit Issuer through the Administrative Agent pursuant to Section 3.4(a), the Administrative Agent shall promptly
notify each L/C Participant of such failure, and each L/C Participant shall promptly and unconditionally pay to the Administrative Agent for the account of such Letter of Credit Issuer, the amount of such L/C Participant’s Revolving Credit
Commitment Percentage of such unreimbursed payment in Dollars (in the amount of the Dollar Equivalent thereof in the case of a Letter of Credit denominated in an Alternative Currency) at the Administrative Agent’s Office for Dollar-denominated
payments and in immediately available funds. If and to the extent such L/C Participant shall not have so made its Revolving Credit Commitment Percentage of the amount of such payment available to the Administrative Agent for the account of such
Letter of Credit Issuer, such L/C Participant agrees to pay to the Administrative Agent for the account of such Letter of Credit Issuer, forthwith on demand, such amount, together with interest thereon for each day from such date until the date such
amount is paid to the Administrative Agent for the account of such Letter of Credit Issuer at a rate per annum equal to the Overnight Rate from time to time then in effect, plus any administrative, processing or similar fees that are
reasonably and customarily charged by such Letter of Credit Issuer in connection with the foregoing. The failure of any L/C Participant to make available to the Administrative Agent for the account of a Letter of Credit Issuer its Revolving Credit
Commitment Percentage of any payment under any Letter of Credit shall not relieve any other L/C Participant of its obligation hereunder to make available to the Administrative Agent for the account of such Letter of Credit Issuer its Revolving
Credit Commitment Percentage of any payment under such Letter of Credit on the date required, as specified above, but no L/C Participant shall be responsible for the failure of any other L/C Participant to make available to the Administrative Agent
such other L/C Participant’s Revolving Credit Commitment Percentage of any such payment. 
 (d) Whenever the Administrative Agent
receives a payment in respect of an unpaid reimbursement obligation as to which the Administrative Agent has received for the account of a Letter of Credit Issuer any payments from the L/C Participants pursuant to clause (c) above, the
Administrative Agent shall promptly pay to each L/C Participant that has paid its Revolving Credit Commitment Percentage of such reimbursement obligation, in Dollars and in immediately available funds, an amount equal to such L/C Participant’s
share (based upon the proportionate aggregate amount originally funded by such L/C Participant to the aggregate amount funded by all L/C Participants) of the amount so paid in respect of such reimbursement obligation and interest thereon accruing
after the purchase of the respective L/C Participations at the Overnight Rate. 
 (e) The obligations of the L/C Participants to make
payments to the Administrative Agent for the account of each Letter of Credit Issuer with respect to Letters of Credit shall be absolute and unconditional and shall not be affected by any circumstance, including (i) any setoff, counterclaim,
recoupment, defense or other right which such Lender may have against such Letter of Credit Issuer, the Parent Borrower, any Subsidiary or any other Person for any reason whatsoever; (ii) the occurrence or continuance of a Default or Event of
Default or (iii) any other occurrence, event or condition, whether or not similar to any of the foregoing. 

  
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 (f) If any payment received by the Administrative Agent for the account of a Letter of
Credit Issuer pursuant to Section 3.3(c) is required to be returned under any circumstance (including pursuant to any settlement entered into by such Letter of Credit Issuer in its discretion), each Dollar Tranche Lender
shall pay to the Administrative Agent for the account of such Letter of Credit Issuer its Revolving Credit Commitment Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date
such amount is returned by such Lender, at a rate per annum equal to the applicable Overnight Rate from time to time in effect. The obligations of the Dollar Tranche Lenders under this clause shall survive the payment in full of the
Obligations and the termination of this Agreement. 
 Section 3.4. Agreement to Repay Letter of Credit Drawings. 

(a) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the applicable Letter of
Credit Issuer shall notify the Parent Borrower and the Administrative Agent thereof (such notification provided by such Letter of Credit Issuer to the Parent Borrower and the Administrative Agent being referred to herein as an “L/C Draw
Notice”). The Parent Borrower hereby agrees to reimburse each Letter of Credit Issuer, by making payment with respect to any drawing under any Letter of Credit in the same currency in which such drawing was made unless (A) such Letter
of Credit Issuer (at its option) shall have specified in the notice of drawing that it will require reimbursement in Dollars or (B) in the absence of any such requirement for reimbursement in Dollars, the Parent Borrower shall have notified the
applicable Letter of Credit Issuer promptly following receipt of the notice of drawing that the Parent Borrower will reimburse such Letter of Credit Issuer in Dollars. In the case of any such reimbursement in Dollars of a drawing under a Letter of
Credit denominated in an Alternative Currency, the Letter of Credit Issuer shall notify the Parent Borrower of the Dollar Equivalent of the amount of the drawing promptly following the determination thereof. Any such reimbursement shall be made by
the Parent Borrower to the Administrative Agent in Same Day Funds for any payment or disbursement made by a Letter of Credit Issuer under any Letter of Credit (each such amount so paid until reimbursed (expressed in Dollars in the amount of the
Dollar Equivalent thereof in the case of a Letter of Credit denominated in an Alternative Currency), an “Unpaid Drawing”) if (i) an L/C Draw Notice with respect to a Letter of Credit is received by the Parent Borrower
(x) on or prior to 11:00 a.m. on the date of any payment by the applicable Letter of Credit Issuer under a Letter of Credit to be reimbursed in Dollars, or the Applicable Time on the date of any payment by the applicable Letter of Credit Issuer
under a Letter of Credit to be reimbursed in an Alternative Currency (each such date a payment is made by a Letter of Credit Issuer under a Letter of Credit being referred to herein as an “Honor Date”), then, not later than 3:00
p.m. on the Honor Date under a Letter of Credit to be reimbursed in Dollars, or the Applicable Time on the Honor Date under a Letter of Credit to be reimbursed in an Alternative Currency or (y) after 11:00 a.m. on the Honor Date under a Letter
of Credit to be reimbursed in Dollars, or the Applicable Time on the Honor Date under a Letter of Credit to be reimbursed in an Alternative Currency, then, not later than 3:00 p.m. on the first Business Day following the Honor Date under a Letter of
Credit to be reimbursed in Dollars, or the Applicable Time on the first Business Day following the Honor Date under a Letter of Credit to be reimbursed in an Alternative Currency, (such date on which the Parent Borrower, pursuant to clauses
(x) and (y) of this sentence, are required to reimburse a Letter of Credit Issuer for a drawing under a Letter of Credit is referred to herein as the “Reimbursement Date”); provided, however, that if the
Reimbursement Date for a drawing under a Letter of Credit is the Business Day following the Honor Date pursuant to clause 

  
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(y) of this sentence then the Unpaid Drawing shall accrue interest from and including the Honor Date to the date the applicable Letter of Credit Issuer is reimbursed in full therefor (whether
through payment by the Parent Borrower and/or the L/C Participants in accordance with Section 3.3(c)) at a rate per annum equal to (A) for the period from and including the Honor Date to but excluding the first
Business Day to occur thereafter, the Applicable Margin for Base Rate Loans that are Revolving Credit Loans plus the Base Rate as in effect from time to time and (B) thereafter, at the Default Rate in accordance with
Section 2.8(c)). Interest accruing on the Unpaid Drawing pursuant to the proviso to the immediately preceding sentence shall be payable by the Parent Borrower promptly to the Administrative Agent, solely for the account of
the applicable Letter of Credit Issuer. In the event that (A) a drawing denominated in an Alternative Currency is to be reimbursed in Dollars pursuant to the second sentence in this Section 3.4(a) and (B) the
Dollar amount paid by the Parent Borrower, whether on or after the Reimbursement Date, shall not be adequate on the date of that payment to purchase in accordance with normal banking procedures a sum denominated in the Alternative Currency equal to
the drawing, the Parent Borrower agrees, as a separate and independent obligation, to indemnify the applicable Letter of Credit Issuer for the loss resulting from its inability on that date to purchase the Alternative Currency in the full amount of
the drawing. Notwithstanding anything contained in this Agreement to the contrary, (i) unless the Parent Borrower shall have notified the Administrative Agent and the relevant Letter of Credit Issuer prior to 11:00 a.m. on the Reimbursement
Date under a Letter of Credit to be reimbursed in Dollars, or the Applicable Time on the Reimbursement Date under a Letter of Credit to be reimbursed in an Alternative Currency, that the Parent Borrower intends to reimburse the relevant Letter of
Credit Issuer for the amount of such drawing with funds other than the proceeds of Loans, the Parent Borrower shall be deemed to have given a Committed Loan Notice requesting that, with respect to Letters of Credit, the Dollar Tranche Lenders make
Revolving Credit Loans (which shall be denominated in Dollars and which shall be Base Rate Loans) on the Reimbursement Date in the amount of such drawing and (ii) the Administrative Agent shall promptly notify each L/C Participant of such
drawing and the amount of its Revolving Credit Loan to be made in respect thereof, and each L/C Participant shall be irrevocably obligated to make a Revolving Credit Loan to the Parent Borrower in Dollars in the manner deemed to have been requested
in the amount of its Revolving Credit Commitment Percentage of the applicable Unpaid Drawing by 2:00 p.m. on such Reimbursement Date by making the amount of such Revolving Credit Loan available to the Administrative Agent. Such Revolving Credit
Loans shall be made without regard to the Minimum Borrowing Amount. The Administrative Agent shall use the proceeds of such Revolving Credit Loans solely for purposes of reimbursing the relevant Letter of Credit Issuer for the related Unpaid
Drawing. In the event that the Parent Borrower fails to Cash Collateralize any Letter of Credit that is outstanding on the L/C Maturity Date, the full amount of the L/C Obligations in respect of such Letter of Credit shall be deemed to be an Unpaid
Drawing subject to the provisions of this Section 3.4 except that the relevant Letter of Credit Issuer shall hold the proceeds received from the L/C Participants as contemplated above as cash collateral for such Letter of
Credit to reimburse any drawing under such Letter of Credit and shall use such proceeds first, to reimburse itself for any drawings made in respect of such Letter of Credit following the L/C Maturity Date, second, to the extent such
Letter of Credit expires or is returned undrawn while any such cash collateral remains, to the repayment of obligations in respect of any Revolving Credit Loans that have not been paid at such time and third, to the Parent Borrower or as
otherwise directed by a court of competent jurisdiction. Nothing in this Section 3.4(a) shall affect the Parent Borrower’s obligation to repay all outstanding Revolving Credit Loans when due in accordance with the
terms of this Agreement. 

  
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 (b) The obligation of the Parent Borrower to reimburse each Letter of Credit Issuer for each
drawing under each Letter of Credit issued by such Letter of Credit Issuer and to repay each L/C Borrowing shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all
circumstances, including the following: 
 (i) any lack of validity or enforceability of such Letter of Credit, this
Agreement or any of the other Loan Documents; 
 (ii) the existence of any claim, counterclaim, set-off, defense or other right that the Parent Borrower or any Subsidiary may have at any time against a beneficiary named in a Letter of Credit, any transferee of any Letter of Credit (or any Person for whom any
such transferee may be acting), the Administrative Agent, relevant Letter of Credit Issuer, any Lender or other Person, whether in connection with this Agreement, any Letter of Credit, the transactions contemplated herein or any unrelated
transactions (including any underlying transaction between the Parent Borrower and the beneficiary named in any such Letter of Credit); 

(iii) any draft, demand, certificate or other document presented under such Letter of Credit proving to be forged, fraudulent,
invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; or any loss or delay in the transmission or otherwise of any document required in order to make a drawing under such Letter of Credit; 

(iv) waiver by the relevant Letter of Credit Issuer of any requirement that exists for such Letter of Credit Issuer’s
protection and not the protection of the Parent Borrower (or any Subsidiary of the Parent Borrower) or any waiver by the relevant Letter of Credit Issuer which does not in fact materially prejudice the Parent Borrower (or any Subsidiary of the
Parent Borrower); 
 (v) any payment made by the relevant Letter of Credit Issuer in respect of an otherwise complying item
presented after the date specified as the expiration date of, or the date by which documents must be received under, such Letter of Credit if presentation after such date is authorized by the UCC, the ISP or the UCP, as applicable; 

(vi) any payment by the relevant Letter of Credit Issuer under such Letter of Credit against presentation of a draft or
certificate that does not comply with the terms of such Letter of Credit; or any payment made by such Letter of Credit Issuer under such Letter of Credit to any Person purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit of creditors, liquidator, receiver, Controller, administrator or other representative of or successor to any beneficiary or any transferee of such Letter of
Credit, including any arising in connection with any proceeding under any Debtor Relief Law; 
 (vii) honor of a demand for
payment presented electronically even if such Letter of Credit requires that demand be in the form of a draft; 

  
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 (viii) any adverse change in any relevant exchange rates or in the relevant
currency markets generally; 
 (ix) honor of demand for payment presented electronically even if such Letter of Credit
requires that demand be in the form of a draft; 
 (x) any adverse change in the relevant exchange rates or in the
availability of the relevant Alternative Currency to the Company or any Subsidiary or in the relevant currency markets generally; or 

(xi) any other circumstance or happening whatsoever, whether or not similar to any of the foregoing, including any other
circumstance that might otherwise constitute a defense available to, or an equitable discharge of, or provide a right of set off against, the Parent Borrower’s obligations hereunder (or any Subsidiary of the Parent Borrower) (other than the
defense of payment or performance). 
 (c) The foregoing shall not be construed to excuse any Letter of Credit Issuer from liability to the
Parent Borrower to the extent of any direct damages (as opposed to special, indirect, consequential or punitive damages, claims in respect of which are hereby waived by the Parent Borrower to the extent permitted by applicable law) suffered by the
Parent Borrower that are caused by such Letter of Credit Issuer’s gross negligence or willful misconduct (as finally determined by a court of competent jurisdiction). In furtherance of the foregoing and without limiting the generality thereof,
the parties agree that, with respect to documents presented which appear on their face to be in substantial compliance with the terms of a Letter of Credit, a Letter of Credit Issuer may, in its sole discretion, either accept and make payment upon
such documents without responsibility for further investigation, regardless of any notice or information to the contrary, or refuse to accept and make payment upon such documents if such documents are not in strict compliance with the terms of such
Letter of Credit. 
 The Parent Borrower shall promptly examine a copy of each Letter of Credit and each amendment thereto that is delivered
to it and, in the event of any claim of noncompliance with the Parent Borrower’s instructions or other irregularity, the Parent Borrower will immediately notify the applicable Letter of Credit Issuer. The Parent Borrower shall be conclusively
deemed to have waived any such claim against the applicable Letter of Credit Issuer and its correspondents unless such notice is given as aforesaid. 

Section 3.5. Increased Costs. If any Change in Law shall either (x) impose, modify or deem applicable any reserve, deposit,
capital adequacy, liquidity or similar requirement against any assets of, deposits with or for the account of, or credit extended or participated in by any Letter of Credit Issuer or any L/C Participant, including any letters of credit issued by any
Letter of Credit Issuer, or any L/C Participant’s L/C Participation therein, or (y) impose on any Letter of Credit Issuer or any L/C Participant any other conditions, costs or expense affecting this Agreement or its obligations
hereunder in respect of Letters of Credit or L/C Participations therein or any Letter of Credit or such L/C Participant’s L/C Participation therein, and the result of any of the foregoing is to increase the actual cost to any Letter of Credit
Issuer or L/C Participant of issuing, maintaining or participating in any Letter of Credit (or of maintaining its obligation to issue or participate in any Letter of Credit), or to reduce the actual amount of any sum received or receivable by such

  
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Letter of Credit Issuer or such L/C Participant hereunder (including any increased costs or reductions attributable to Taxes, other than any such increase or reduction attributable to
(i) Indemnified Taxes, (ii) Taxes described in clauses (b) through (d) of the definition of Excluded Taxes or (iii) Connection Income Taxes) in respect of Letters of Credit or L/C Participations therein, then, promptly after
receipt of written demand to the Parent Borrower by such Letter of Credit Issuer or such L/C Participant, as the case may be (a copy of which notice shall be sent by such Letter of Credit Issuer or such L/C Participant to the Administrative Agent
(with respect to a Letter of Credit issued on account of the Parent Borrower (or any Subsidiary of the Parent Borrower))), the Parent Borrower shall pay to such Letter of Credit Issuer or such L/C Participant such actual additional amount or amounts
as will compensate such Letter of Credit Issuer or such L/C Participant for such increased cost or reduction. A certificate submitted to the Parent Borrower by the relevant Letter of Credit Issuer or an L/C Participant, as the case may be (a copy of
which certificate shall be sent by such Letter of Credit Issuer or such L/C Participant to the Administrative Agent), setting forth in reasonable detail the basis for the determination of such actual additional amount or amounts necessary to
compensate such Letter of Credit Issuer or such L/C Participant as aforesaid shall be conclusive and binding on the Parent Borrower absent clearly demonstrable error. Notwithstanding the foregoing, no Lender or Letter of Credit Issuer shall be
entitled to seek compensation under this Section 3.5 based on the occurrence of a Change in Law arising solely from (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act or any requests, rules, guidelines
or directives thereunder or issued in connection therewith or (y) Basel III or any requests, rules, guidelines or directives thereunder or issued in connection therewith, unless such Lender or Letter of Credit Issuer (in such Lender’s or
Letter of Credit Issuer’s reasonable determination) is generally seeking compensation from other borrowers in the unsecured REIT loan market with respect to its similarly affected commitments, loans and/or participations under agreements with
such borrowers (but not necessarily all such borrowers) having provisions similar to this Section 3.5; provided that in no event shall any Lender or Letter of Credit Issuer be required to disclose information of
other borrowers. 
 Section 3.6. New or Successor Letter of Credit Issuer. 

(a) Any Letter of Credit Issuer may resign as a Letter of Credit Issuer upon 60 days’ prior written notice to the Administrative Agent,
the Lenders, the other Letter of Credit Issuers and the Parent Borrower; provided that, if at any time any Letter of Credit Issuer assigns all of its Commitments and Loans pursuant to Section 12.6, such Letter of
Credit Issuer may, upon 30 days’ notice to the Administrative Agent, the Lenders, the other Letter of Credit Issuers and the Parent Borrower, resign as a Letter of Credit Issuer. The Parent Borrower may, with the written consent of the
Administrative Agent (which shall not be unreasonably withheld or delayed), replace any Letter of Credit Issuer for any reason upon written notice to such Letter of Credit Issuer. The Parent Borrower may, with the written consent of the
Administrative Agent (which shall not be unreasonably withheld or delayed), add Letter of Credit Issuers at any time. If any Letter of Credit Issuer shall resign or be replaced, or if the Parent Borrower shall decide to add a new Letter of Credit
Issuer under this Agreement, then the Parent Borrower may appoint from among the Lenders a successor issuer of Letters of Credit or a new Letter of Credit Issuer (with the agreement to become a successor issuer of Letters of Credit or a new Letter
of Credit Issuer to be in the sole discretion of such Lender), as the case may be, or another successor or new issuer of Letters of Credit, whereupon such successor issuer accepting such appointment shall succeed to the rights, powers and duties of
the replaced or resigning Letter of Credit Issuer under this Agreement and 

  
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the other Loan Documents, or such new issuer of Letters of Credit accepting such appointment shall be granted the rights, powers and duties of a Letter of Credit Issuer hereunder, and the term
“Letter of Credit Issuer” shall mean such successor or such new issuer of Letters of Credit effective upon such appointment; provided, however, that no failure by the Parent Borrower to appoint any such successor shall affect
the resignation of such Letter of Credit Issuer as a Letter of Credit Issuer. At the time such resignation or replacement shall become effective, the Parent Borrower shall pay to the resigning or replaced Letter of Credit Issuer all accrued and
unpaid fees applicable to the Letters of Credit pursuant to Sections 4.1(b) and (d). The acceptance of any appointment as a Letter of Credit Issuer hereunder, whether as a successor issuer or new issuer of Letters of Credit in
accordance with this Agreement, shall be evidenced by an agreement entered into by such new or successor issuer of Letters of Credit, in a form reasonably satisfactory to the Parent Borrower and the Administrative Agent and, from and after the
effective date of such agreement, such new or successor issuer of Letters of Credit shall become the Letter of Credit Issuer hereunder. After the resignation or replacement of any Letter of Credit Issuer hereunder, the resigning or replaced Letter
of Credit Issuer shall remain a party hereto and shall continue to have all the rights and obligations of a Letter of Credit Issuer under this Agreement and the other Loan Documents with respect to Letters of Credit issued by it prior to such
resignation or replacement (including the right to require the Dollar Tranche Lenders to make Revolving Credit Loans pursuant to Section 3.4(a) or the L/C Participants to fund L/C Participations pursuant to
Section 3.3(c)), but shall not be required to issue additional Letters of Credit. In connection with any resignation or replacement pursuant to this clause (a) (but, in case of any such resignation, only to the
extent that a successor issuer of Letters of Credit shall have been appointed), either (i) the Parent Borrower, the resigning or replaced Letter of Credit Issuer and the successor issuer of Letters of Credit shall arrange to have any
outstanding Letters of Credit issued by the resigning or replaced Letter of Credit Issuer replaced with Letters of Credit issued by the successor issuer of Letters of Credit or (ii) the Parent Borrower shall Cash Collateralize the outstanding
Letters of Credit issued by such resigning or replaced Letter of Credit Issuer (at 102% of the face amount thereof) or cause the successor issuer of Letters of Credit, if such successor issuer is reasonably satisfactory to the replaced or resigning
Letter of Credit Issuer, to issue “back-stop” Letters of Credit naming the resigning or replaced Letter of Credit Issuer as beneficiary for each outstanding Letter of Credit issued by the resigning or replaced Letter of Credit Issuer,
which new Letters of Credit shall be denominated in the same currency as, and shall have a face amount equal to, the Letters of Credit being back-stopped and the sole requirement for drawing on such new Letters of Credit shall be a drawing on the
corresponding back-stopped Letters of Credit. After any resigning or replaced Letter of Credit Issuer’s resignation or replacement as Letter of Credit Issuer, the provisions of this Agreement relating to such Letter of Credit Issuer shall inure
to its benefit as to any actions taken or omitted to be taken by it (A) while it was a Letter of Credit Issuer under this Agreement or (B) at any time with respect to Letters of Credit issued by such Letter of Credit Issuer. 

(b) To the extent there are, at the time of any resignation or replacement as set forth in Section 3.6(a), any
outstanding Letters of Credit, nothing herein shall be deemed to impact or impair any rights and obligations of any of the parties hereto with respect to such outstanding Letters of Credit (including, without limitation, any obligations related to
the payment of Fees or the reimbursement or funding of amounts drawn), except that the Parent Borrower, the resigning or replaced Letter of Credit Issuer and the successor issuer of Letters of Credit shall have the obligations regarding outstanding
Letters of Credit described in Section 3.6(a). 

  
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 Section 3.7. Role of Letter of Credit Issuer. Each Dollar Tranche Lender and the
Parent Borrower agree that, in paying any drawing under a Letter of Credit, no Letter of Credit Issuer shall have any responsibility to obtain any document (other than any sight draft, certificates and documents expressly required by the Letter of
Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of the Person executing or delivering any such document. None of any Letter of Credit Issuer, the Administrative Agent, any of their respective
Affiliates nor any correspondent, participant or assignee of any Letter of Credit Issuer shall be liable to any Dollar Tranche Lender for (i) any action taken or omitted in connection herewith at the request or with the approval of the Dollar
Tranche Lenders or Required Tranche Lenders; (ii) any action taken or omitted in the absence of gross negligence or willful misconduct as determined in the final non-appealable judgment of a court
of competent jurisdiction; or (iii) the due execution, effectiveness, validity or enforceability of any document or instrument related to any Letter of Credit or Issuer Document. The Parent Borrower hereby assumes all risks of the acts or
omissions of any beneficiary or transferee with respect to its use of any Letter of Credit; provided that this assumption is not intended to, and shall not, preclude the Parent Borrower’s pursuit of such rights and remedies as it may
have against the beneficiary or transferee at law or under any other agreement. None of any Letter of Credit Issuer, the Administrative Agent, any of their respective Affiliates nor any correspondent, participant or assignee of any Letter of Credit
Issuer shall be liable or responsible for or in connection with the issuance or transfer of any Letter of Credit or any payment or failure to make any payment thereunder (irrespective of any of the circumstances set forth in
Section 3.4(b)), or any error, omission, interruption, loss or delay in transmission or delivery of any draft, notice or other communication under or relating to any Letter of Credit (including any document required to make a drawing
thereunder), or any error in interpretation of technical terms or any consequence arising from causes beyond the control of such Letter of Credit Issuer; provided that notwithstanding the foregoing, the Parent Borrower may have a claim
against a Letter of Credit Issuer, and such Letter of Credit Issuer may be liable to the Parent Borrower, to the extent, set forth in Section 3.4(c). In furtherance and not in limitation of the foregoing, each Letter of Credit Issuer may
accept documents that appear on their face to be in order, without responsibility for further investigation, regardless of any notice or information to the contrary, and such Letter of Credit Issuer shall not be responsible for the validity or
sufficiency of any instrument transferring or assigning or purporting to transfer or assign a Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any
reason. 
 Each Letter of Credit Issuer may send a Letter of Credit or conduct any communication to or from the beneficiary via the Society
for Worldwide Interbank Financial Telecommunication message or overnight courier, or any other commercially reasonable means of communicating with a beneficiary. 

Section 3.8. Cash Collateral. 

(a) Certain Credit Support Events. If (i) as of the L/C Maturity Date, any L/C Obligation for any reason remains outstanding,
(ii) the Parent Borrower shall be required to provide Cash Collateral pursuant to Section 10.1, (iii) there shall exist a Defaulting Lender or (iv) any Letter of Credit Issuer has honored any full or partial
drawing request under any Letter of Credit issued by it and such drawing has resulted in an L/C Borrowing that has not been repaid in full, in each case to the extent the applicable L/C Obligation has not already been Cash

  
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Collateralized in accordance with the terms hereof, the Parent Borrower shall immediately (in the case of clause (ii) above) or within one Business Day (in all other cases) following
any written request by the Administrative Agent or such Letter of Credit Issuer, provide Cash Collateral in an amount not less than the applicable Minimum Collateral Amount (determined in the case of Cash Collateral provided pursuant to clause
(iii) above, after giving effect to Section 2.16(a)(iv) and any Cash Collateral provided by the Defaulting Lender). Additionally, if the Administrative Agent notifies the Parent Borrower at any time that the
Outstanding Amount of all L/C Obligations at such time exceeds 105% of the Letter of Credit Subfacility then in effect, then, within two (2) Business Days after receipt of such notice, the Parent Borrower shall provide Cash Collateral for the
Outstanding Amount of the L/C Obligations in an amount not less than the amount by which the Outstanding Amount of all L/C Obligations exceeds the Letter of Credit Subfacility. 

(b) Grant of Security Interest. The Parent Borrower, and to the extent provided by any Defaulting Lender, such Defaulting Lender, hereby
grant to (and subject to the control of) the Administrative Agent, for the benefit of the Administrative Agent, the Letter of Credit Issuers and the Lenders, and agree to maintain, a first priority security interest in all such cash, deposit
accounts and all balances therein as described in Section 3.8(a), and all other property so provided as collateral pursuant to this Section 3.8(b) and in the possession of the Administrative Agent,
and in all proceeds of the foregoing, all as security for the obligations to which such Cash Collateral may be applied pursuant to Section 3.8(c). If at any time the Administrative Agent determines that Cash Collateral is
subject to any right or claim of any Person other than the Administrative Agent or the relevant Letter of Credit Issuer as herein provided or Liens of the type described in clauses (a) and (c) of the definition of Permitted
Encumbrances, or that the total amount of such Cash Collateral is less than the Minimum Collateral Amount (including, without limitation, as a result of exchange rate fluctuations), the Parent Borrower will, promptly upon written demand by the
Administrative Agent, pay or provide to the Administrative Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency. Cash Collateral (other than credit support not constituting funds subject to deposit) shall be
maintained in blocked, interest bearing deposit accounts with the Administrative Agent (with such interest, to the extent not applied pursuant to Section 3.8(c), accruing for the benefit of the Parent Borrower). The Parent
Borrower shall pay promptly following written demand therefor from time to time all customary account opening, activity and other administrative fees and charges in connection with the maintenance and disbursement of Cash Collateral. 

(c) Application. Notwithstanding anything to the contrary contained in this Agreement, Cash Collateral provided under any of this
Section 3.8 or Sections 2.16, 5.2 or 10.1 in respect of Letters of Credit shall be held and applied to the satisfaction of the specific L/C Obligations, obligations to fund participations therein
(including, as to Cash Collateral provided by a Defaulting Lender, any interest accrued on such obligation) and other obligations for which the Cash Collateral was so provided, prior to any other application of such property as may otherwise be
provided for herein. 
 (d) Release. Cash Collateral (or the appropriate portion thereof) provided to reduce Fronting Exposure or to
secure other obligations shall be released promptly following (i) the elimination of the applicable Fronting Exposure or other obligations giving rise thereto (including by the termination of Defaulting Lender status of the applicable
Lender (or, as appropriate, its assignee following compliance with Section 12.6(b)(ii)) or there is no longer existing an Event of 

  
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Default) or (ii) the determination by the Administrative Agent and the relevant Letter of Credit Issuer that there exists excess Cash Collateral; provided, however,
(x) Cash Collateral furnished by or on behalf of a Loan Party shall not be released during the continuance of a Default (and following application as provided in this Section 3.8 may be otherwise applied in accordance
with Section 10.1), and (y) the Person providing Cash Collateral and the applicable Letter of Credit Issuer(s) may agree that Cash Collateral shall not be released but instead held to support future anticipated
Fronting Exposure or other obligations. 
 Section 3.9. Governing Law; Applicability of ISP and UCP. Unless otherwise expressly
agreed by the applicable Letter of Credit Issuer and the Parent Borrower when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter of Credit), each Letter of Credit shall be governed by, and shall be construed
in accordance with, the laws of the State of New York, and to the extent not prohibited by such laws, the rules of the ISP shall apply to each Letter of Credit (or UCP if required, subject to the applicable Letter of Credit Issuer’s approval).
Notwithstanding the foregoing, no Letter of Credit Issuer shall be responsible to the Parent Borrower for, and no Letter of Credit Issuer’s rights and remedies against the Parent Borrower shall be impaired by, any action or inaction of such
Letter of Credit Issuer required or permitted under any law, order, or practice that is required or permitted to be applied to any Letter of Credit or this Agreement, including the applicable law or any order of a jurisdiction where such Letter of
Credit Issuer or the beneficiary is located, the practice stated in the ISP or UCP, as applicable, or in the decisions, opinions, practice statements, or official commentary of the ICC Banking Commission, the Bankers Association for Finance and
Trade - International Financial Services Association (BAFT-IFSA), or the Institute of International Banking Law & Practice, whether or not any Letter of Credit chooses such law or practice. 

Section 3.10. Conflict with Issuer Documents. In the event of any conflict between the terms hereof and the terms of any Issuer
Document, the terms hereof shall control and any grant of security interest in any Issuer Documents shall be void. 
 Section 3.11.
Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary of the Parent Borrower, the Parent Borrower shall
be obligated to reimburse the applicable Letter of Credit Issuer hereunder for any and all drawings under such Letter of Credit. The Parent Borrower hereby acknowledges that the issuance of Letters of Credit for the account of any Subsidiary of the
Parent Borrower inures to the benefit of the Parent Borrower and that the Parent Borrower’s business derives substantial benefits from the businesses of the Parent Borrower’s Subsidiaries. 

Section 3.12. Letter of Credit Issuer Reports to Administrative Agent. Unless otherwise agreed by the Administrative Agent, each
Letter of Credit Issuer shall, in addition to its notification obligations set forth elsewhere in this Section, provide the Administrative Agent with written reports from time to time, as follows: 

(a) reasonably prior to the time that such Letter of Credit Issuer issues, renews, increases or extends a Letter of Credit, a written report
that includes the date of such issuance, renewal, increase or extension and the stated amount and currency of the applicable Letters of Credit after giving effect to such issuance, amendment, renewal or extension (and whether the amounts thereof
shall have changed); 

  
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 (b) within two Business Days of each Business Day on which such Letter of Credit Issuer
makes a payment pursuant to a Letter of Credit, a written report that includes the date and amount of such payment; 
 (c) on any Business
Day on which the Parent Borrower fails to reimburse a payment made pursuant to a Letter of Credit required to be reimbursed to such Letter of Credit Issuer on such day, a written report that includes the date of such failure and the amount of such
payment; 
 (d) on any other Business Day, a written report that includes such other information as the Administrative Agent shall reasonably
request as to the Letters of Credit issued by such Letter of Credit Issuer; and 
 (e) (i) on the fifth Business Day following each
calendar month end and (ii) within two Business Days of each date that (1) an L/C Credit Extension occurs or (2) there is any expiration, cancellation and/or disbursement, in each case, with respect to any Letter of Credit issued by
such Letter of Credit Issuer, a written report that includes the information for every outstanding Letter of Credit issued by such Letter of Credit Issuer. 

ARTICLE IV 
 FEES;
COMMITMENT REDUCTIONS AND TERMINATIONS 
 Section 4.1. Fees. 

(a) The Parent Borrower agrees to pay to the Administrative Agent in Dollars, for the account of each Dollar Tranche Lender in accordance with
its Revolving Credit Commitment Percentage and for the account of each Alternative Currency Tranche Lender in accordance with its Revolving Credit Commitment Percentage, a facility fee (the “Facility Fee”) for each day during the
Availability Period, including at any time during which one or more of the conditions in Article VII is not met. Accrued Facility Fees pursuant to the prior sentence shall be payable (x) quarterly in arrears on the last Business Day of
each March, June, September, and December (for the three-month period (or portion thereof) ended on such day for which no payment has been received) and (y) on the last day of the Availability Period (for the period ended on such date for which
no payment has been received pursuant to clause (x) above), commencing with the first such date to occur after the Closing Date, and shall be computed for each day during such period at a rate per annum equal to the Facility Fee
Rate in effect on such day times such Dollar Tranche Lender’s Revolving Credit Commitment Percentage of the Available Dollar Tranche Commitment or such Alternative Currency Tranche Lender’s Revolving Credit Commitment Percentage of
the Available Alternative Currency Commitment, as applicable (or, if the Total Revolving Credit Commitment has terminated, on the Outstanding Amount of Dollar Tranche Loans or Alternative Currency Tranche Loans, as applicable), in each case, in
effect on such day, regardless of usage. 
 (b) Without duplication, the Parent Borrower agrees to pay to the Administrative Agent in Dollars
for the account of the Dollar Tranche Lenders pro rata on the basis of their respective Letter of Credit Exposure, a fee in respect of each Letter of Credit issued on the Parent Borrower’s or any of its Subsidiaries’ behalf (the
“Letter of Credit Fee”), for the period from and including 

  
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the date of issuance of such Letter of Credit to but excluding the termination or expiration date of such Letter of Credit computed at the per annum rate for each day equal to the
Applicable Margin for Revolving Credit Loans that are Eurocurrency Committed Loans times the daily Stated Amount of such Letter of Credit. Except as provided below, such Letter of Credit Fees shall be due and payable (x) quarterly in arrears on
the last Business Day of each March, June, September, and December, commencing with the first such date to occur after the issuance of such Letter of Credit, (y) on the last day of the Availability Period and (z) thereafter on demand. If
there is any change in the Applicable Margin during any quarter, the daily maximum amount of each Letter of Credit shall be computed and multiplied by the Applicable Margin separately for each period during such quarter that such Applicable Margin
was in effect. Notwithstanding anything to the contrary contained herein, (i) while any Event of Default arising under Section 10.1(a)(i) or Section 10.1(h) exists, all Letter of Credit Fees
shall accrue at the Default Rate, and (ii) upon the request of the Required Tranche Lenders while any Event of Default exists (other than as set forth in clause (i)), all Letter of Credit Fees shall accrue at the Default Rate. 

(c) Without duplication, the Parent Borrower agrees to pay to the Administrative Agent, the Bookrunners and the Lead Arrangers in Dollars, for
their own respective accounts, and for the Lenders, as applicable, such fees as have been previously agreed in writing or as may be agreed in writing from time to time in the amounts and at the times so specified. 

(d) Without duplication, the Parent Borrower agrees to pay directly to each Letter of Credit Issuer for its own account a fee in Dollars in
respect of each Letter of Credit issued by it (the “Fronting Fee”) of the greater of (a) $500 per annum and (b) for the period from the date of issuance of such Letter of Credit to the termination or expiration date of
such Letter of Credit, an amount computed for each day at the rate equal to 0.125% per annum on the daily Stated Amount of such Letter of Credit. Such Fronting Fees shall be due and payable (x) quarterly in arrears on the first Business
Day after the end of each of March, June, September and December and (y) on the date upon which the Total Revolving Credit Commitment terminates and the L/C Obligations shall have been reduced to zero or Cash Collateralized (at 102% of the face
amount thereof). 
 (e) Without duplication, the Parent Borrower agrees to pay directly to each Letter of Credit Issuer for its own account
in Dollars upon each issuance or renewal of, drawing under, and/or amendment of, a Letter of Credit issued by it such amount as shall at the time of such issuance or renewal of, drawing under, and/or amendment be the customary issuance,
presentation, amendment and other processing fees, and other standard costs and charges that such Letter of Credit Issuer is customarily charging for issuances or renewals of, drawings under or amendments of, letters of credit issued by it, in each
case, not to exceed $1,500 with respect to any Letter of Credit. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable. 

(f) The Parent Borrower agrees to pay to the Administrative Agent, for its own account, a fee in the amount of $3,500 in connection with each
request by the Borrowers for a Bid Loan. 
 (g) Notwithstanding the foregoing, the payment of any amounts to any Defaulting Lender pursuant
to this Section 4.1 shall be subject to Section 2.16. 

  
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 Section 4.2. Voluntary Reduction of Revolving Credit Commitments. 

(a) Upon prior written notice to the Administrative Agent (which notice the Administrative Agent shall promptly transmit to each of the
Lenders), the Parent Borrower shall have the right, without premium or penalty, on any day, permanently to terminate or reduce the Total Revolving Credit Commitment in whole or in part; provided that (i) any such notice shall be received
by the Administrative Agent not later than 11:00 a.m. four Business Days prior to the date of termination or reduction, (ii) any such reduction shall apply proportionately and permanently to reduce the Revolving Credit Commitment of each of the
Lenders (and in the case of any resulting reduction of the Letter of Credit Subfacility, the Letter of Credit Sublimit of each Letter of Credit Issuer shall be reduced on a pro rata basis), except that the Parent Borrower may at its election
permanently reduce the Revolving Credit Commitment of a Defaulting Lender to $0 without affecting the Revolving Credit Commitments of any other Lender, (iii) any partial reduction pursuant to this Section 4.2 shall be
in the amount of at least $5,000,000, and (iv) after giving effect to such termination or reduction and to any prepayments of the Loans made on the date thereof in accordance with this Agreement (v) the aggregate amount of the
Lenders’ Revolving Credit Exposures shall not exceed the Total Revolving Credit Commitment, (w) the aggregate amount of L/C Obligations not fully Cash Collateralized hereunder shall not exceed the Letter of Credit Subfacility, (x) the
aggregate amount of Bid Loans shall not exceed the Bid Loan Sublimit, (y) the aggregate amount of the Lenders’ Dollar Tranche Exposures shall not exceed the amount of the Dollar Tranche and (z) the aggregate amount of Alternative
Currency Tranche Loans shall not exceed the amount of the Alternative Currency Tranche. Following any such termination or reduction, the Administrative Agent may in its discretion replace the existing Schedule 1.1A with an amended and
restated schedule that reflects all such terminations and reductions. 
 (b) The Parent Borrower may terminate the unused amount of the
Commitment of a Defaulting Lender upon not less than two (2) Business Days’ prior notice to the Administrative Agent (which will promptly notify the Lenders thereof), and in such event the provisions of
Section 2.16(a)(ii) will apply to all amounts thereafter paid by the Parent Borrower for the account of such Defaulting Lender under this Agreement (whether on account of principal, interest, fees, indemnity or other
amounts), provided that such termination will not be deemed to be a waiver or release of any claim the Borrowers, the Administrative Agent, any Letter of Credit Issuer or any Lender may have against such Defaulting Lender. 

Section 4.3. Mandatory Termination of Commitments. 

(a) The Term A-1 Commitments shall terminate on the Closing Date, contemporaneously with the Borrowing
of the Term A-1 Loans. 
 (b) The Term A-2 Commitments shall
terminate on the Closing Date, contemporaneously with the Borrowing of the Term A-2 Loans. 
 (c) The
Revolving Credit Commitments shall terminate at 12:00 noon on the Revolving Loan Maturity Date. 

  
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 ARTICLE V 

PAYMENTS 

Section 5.1. Voluntary Prepayments. 

(a) Each Borrower shall have the right to prepay Term Loans and Revolving Credit Loans, as applicable, in each case without premium or penalty,
in whole or in part from time to time on the following terms and conditions: (1) the Parent Borrower shall give the Administrative Agent written notice of the applicable Borrower’s intent to make such prepayment, the date and amount of
such prepayment, the Class(es), Type(s) and (in the case of Revolving Credit Loans) Tranche(s) of Loans to be prepaid and (in the case of Eurocurrency Committed Loans) the Interest Periods of such Loans, which notice shall be substantially in the
form of Exhibit N or otherwise reasonably acceptable to the Administrative Agent and be received by the Administrative Agent no later than 11:00 a.m. (i) in the case of Eurocurrency Committed Loans denominated in Dollars, three Business Days
prior to, (ii) in the case of Eurocurrency Committed Loans denominated in Alternative Currencies, four Business Days (or five Business Days, in the case of Special Notice Currencies) prior to and (iii) in the case of Base Rate Loans and
LIBOR Floating Rate Loans, one Business Day prior to, the date of such prepayment and shall promptly be transmitted by the Administrative Agent to each of the Lenders; (2) each partial prepayment of (i) any Borrowing of Eurocurrency
Committed Loans shall be in a minimum amount of $1,000,000 and in multiples of $1,000,000 in excess thereof and (ii) any Base Rate Loans shall be in a minimum amount of $1,000,000 and in multiples of $100,000 in excess thereof; provided
that no partial prepayment of Eurocurrency Committed Loans made pursuant to a single Borrowing shall reduce the outstanding Eurocurrency Committed Loans made pursuant to such Borrowing to an amount less than the applicable Minimum Borrowing Amount
for such Eurocurrency Committed Loans, and (3) in the case of any prepayment of Eurocurrency Loans pursuant to this Section 5.1 on any day other than the last day of an Interest Period applicable thereto, the Parent
Borrower shall, promptly after receipt of a written request by any applicable Lender (which request shall set forth in reasonable detail the basis for requesting such amount), pay or cause to be paid to the Administrative Agent for the account of
such Lender any amounts required pursuant to Section 2.11. Subject to Section 2.16, each such prepayment shall be applied to the Loans of the Lenders in accordance with their respective Applicable
Percentages in respect of the relevant Facility. 
 (b) No Bid Loan may be prepaid without the prior consent of the applicable Bid Loan
Lender. 
 Section 5.2. Mandatory Prepayments. 

(a) [Intentionally Omitted]. 

(b) Repayment of Revolving Credit Loans. (i) Dollar Tranche. If on any date the aggregate amount of the Lenders’ Dollar
Tranche Exposures for any reason exceeds an amount equal to 105% of the amount of the Dollar Tranche then in effect, the Borrowers shall forthwith repay on such date Dollar Tranche Loans in an amount sufficient to reduce the Lenders’ aggregate
Dollar Tranche Exposures to an amount not exceeding the amount of the Dollar Tranche. If after giving effect to the prepayment of all outstanding Dollar Tranche Loans, the Lenders’ aggregate Dollar Tranche Exposures exceed the amount of the
Dollar Tranche then in effect, the Parent Borrower shall Cash Collateralize the L/C Obligations to the extent of such excess. 

  
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 (ii) Alternative Currency Tranche. If on any date the Outstanding
Amount of all Alternative Currency Tranche Loans for any reason exceeds an amount equal to 105% of the amount of the Alternative Currency Tranche then in effect, the Borrowers shall forthwith repay on such date Alternative Currency Tranche Loans in
an amount sufficient to reduce the aggregate Outstanding Amount of Alternative Currency Tranche Loans to an amount not exceeding the amount of the Alternative Currency Tranche. 

(iii) Designated Borrowers. If (i) the obligations of the Company under Article XIII with respect to any
outstanding Obligations owing by any Designated Borrower (herein, the “Affected Borrower”) shall for any reason (x) be terminated, (y) cease to be in full force and effect or (z) not be the legal, valid and binding
obligations of the Company enforceable against the Company in accordance with its terms, and (ii) such condition continues unremedied for 15 days after written notice thereof shall have been given to the Company by the Administrative Agent or
any Lender, then the Affected Borrower shall, no later than the 15th day after the date of such notice, prepay (and the Company shall cause to be prepaid) the full principal of and interest on the Loans owing by such Affected Borrower and all other
amounts whatsoever payable hereunder by such Affected Borrower (including, without limitation, all amounts payable under Section 2.11 as a result of such prepayment). 

(c) Application to Loans. With respect to each prepayment of Loans required by Section 5.2(a) or
Section 5.2(b), the Parent Borrower or other applicable Borrower may, if applicable, designate the Types of Loans that are to be prepaid and the specific Borrowing(s) pursuant to which made; provided that subject to
Section 2.16, each such prepayment shall be applied to the Loans of the Lenders in accordance with their respective Applicable Percentages in respect of the relevant Facility. In the absence of a designation by the Parent
Borrower or other applicable Borrower as described in the preceding sentence, the Administrative Agent shall, subject to the above, make such designation in its reasonable discretion with a view, but no obligation, to minimize breakage costs owing
under Section 2.11. 
 Section 5.3. Method and Place of Payment. 

(a) All payments to be made by the Borrowers shall be made free and clear of and without condition or deduction for any counterclaim, defense,
recoupment or setoff. Except as otherwise specifically provided herein, all payments by the Borrowers hereunder shall be made to the Administrative Agent for the ratable account of the Lenders entitled thereto or the Letter of Credit Issuer entitled
thereto, as the case may be, not later than (i) 2:00 p.m., in the case of payments in Dollars or (ii) the Applicable Time specified by the Administrative Agent in the case of payments in an Alternative Currency, in each case, on the date when
due and in Same Day Funds to the applicable Administrative Agent’s Office. All repayments or prepayments of any Loans (whether of principal, interest or otherwise) hereunder shall be made in the currency in which such Loans are denominated and
all other payments under each Loan Document shall, unless otherwise specified in such Loan Document, be made in Dollars. Without limiting the generality of the foregoing, the Administrative Agent may require that any payments due under

  
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this Agreement be made in the United States. If, for any reason, any Borrower is prohibited by any law from making any required payment hereunder in an Alternative Currency, such Borrower shall
make such payment in Dollars in the Dollar Equivalent of the Alternative Currency payment amount. The Administrative Agent will thereafter cause to be distributed on the same day (if payment was actually received by the Administrative Agent prior to
(i) 2:00 p.m., in the case of payments in Dollars or (ii) the Applicable Time specified by the Administrative Agent in the case of payments in an Alternative Currency, or, otherwise, on the next Business Day in the Administrative Agent’s
sole discretion) like funds relating to the payment of principal or interest or Fees ratably to the Lenders entitled thereto. 
 (b) Any
payments under this Agreement that are made later than (i) 2:00 p.m., in the case of payments in Dollars or (ii) the Applicable Time specified by the Administrative Agent in the case of payments in an Alternative Currency, may be deemed to have
been made on the next succeeding Business Day in the Administrative Agent’s sole discretion for purposes of calculating interest and fees thereon. Except as otherwise provided herein, whenever any payment to be made hereunder shall be stated to
be due on a day that is not a Business Day, the due date thereof shall be extended to the next succeeding Business Day and, with respect to payments of principal, interest and applicable fees shall be payable during such extension at the applicable
rate in effect immediately prior to such extension. 
 (c) If any Lender shall, by exercising any right of setoff or counterclaim or
otherwise, obtain payment in respect of any principal of or interest on any of its Loans or L/C Participations resulting in such Lender receiving payment of a proportion of the aggregate amount of such Loans or L/C Participations and accrued
interest thereon greater than its pro rata share thereof as provided herein, then the Lender receiving such greater proportion shall (i) notify the Administrative Agent of such fact, and (ii) purchase (for cash at face value)
participations in the applicable Class of Loans or L/C Participations, as applicable, of the other Lenders, or make such other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the Lenders ratably in
accordance with the aggregate amount of principal of and accrued interest on their respective Loans of such Class or L/C Participations, as applicable, and other amounts owing them; provided that (x) if any such participations are
purchased and all or any portion of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest, and (y) the provisions of this paragraph
shall not be construed to apply to (1) any payment made by or on behalf of any Borrower pursuant to and in accordance with the express terms of this Agreement (including the application of funds arising from the existence of a Defaulting
Lender), (2) the application of Cash Collateral provided for in Section 3.8, or (3) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or L/C
Participations to any assignee or participant other than an assignment to the Parent Borrower or any Affiliate thereof (as to which the provisions of this paragraph shall apply). 

(d) To the extent it may effectively do so under applicable law, any Lender acquiring a participation pursuant to the foregoing arrangements
may exercise against any Borrower rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of such Borrower in the amount of such participation in accordance with and subject to the terms
of Section 12.7(b). 

  
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 Section 5.4. Net Payments. 

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

(i) Any and all payments by or on account of any obligation of any Loan Party hereunder or under any Loan Document shall be
made free and clear of and without deduction or withholding for any Taxes, except as required by applicable laws. If any applicable laws (as determined in the good faith discretion of the Administrative Agent) require the deduction or withholding of
any Tax from any such payment by the Administrative Agent or a Loan Party, then the Administrative Agent or such Loan Party shall be entitled to make such deduction or withholding, upon the basis of the information and documentation to be delivered
pursuant to paragraph (e) below. 
 (ii) If any Loan Party, the Administrative Agent or any other applicable
Withholding Agent shall be required by applicable law to withhold or deduct any Taxes from any payment, then (A) such Withholding Agent shall withhold or make such deductions as are reasonably determined by such Withholding Agent to be required
based upon the information and documentation it has received pursuant to paragraph (e) below, (B) such Withholding Agent shall timely pay the full amount withheld or deducted to the relevant Governmental Authority in accordance with
applicable laws, and (C) to the extent that the withholding or deduction is made on account of Indemnified Taxes, the applicable Loan Party shall pay such additional amount or amounts as necessary so that after any required withholding or
deductions have been made (including withholding or deductions applicable to additional sums payable under this Section 5.4) the applicable Recipient receives an amount equal to the sum it would have received had no such
withholding or deductions been made. 
 (b) Payment of Other Taxes by the Borrowers. Without limiting the provisions of paragraph
(a) above, the Borrowers shall timely pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law or, at the option of the Administrative Agent, timely reimburse the Administrative Agent or any Lender for
the payment of any Other Taxes. 
 (c) Tax Indemnifications. Without limiting the provisions of paragraph (a) or
(b) above, the Loan Parties shall jointly and severally indemnify each Recipient, and shall make payment in respect thereof within 10 days after demand therefor, for the full amount of Indemnified Taxes (including Indemnified Taxes imposed or
asserted on or attributable to amounts payable under this Section 5.4) payable or paid by such Recipient or required to be withheld or deducted from a payment to such Recipient, and any penalties, interest and reasonable
expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate setting forth in reasonable detail the nature and amount of
any such payment or liability (along with a written statement setting forth in reasonable detail the basis and calculation of such amounts) delivered to the Parent Borrower by a Lender, or by the Administrative Agent on its own behalf or on behalf
of a Lender, shall be conclusive absent manifest error. Each of the Loan Parties shall, and does hereby, jointly and severally indemnify the Administrative Agent, and shall make payment in respect thereof within 10 days after demand therefor, for
any amount which a Lender or Letter of Credit Issuer for any reason fails to pay indefeasibly to the Administrative Agent as required pursuant to Section 5.4(g). 

  
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 (d) Evidence of Payments. As soon as is practicable after any payment of Taxes by any
Loan Party or the Administrative Agent to a Governmental Authority as provided in this Section 5.4, such Loan Party shall deliver to the Administrative Agent or the Administrative Agent shall deliver to such Loan Party, as
the case may be, the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of any return required by laws to report such payment or other evidence of such payment reasonably satisfactory to
the Parent Borrower or the Administrative Agent, as the case may be. 
 (e) Status of Lenders and Tax Documentation. 

(i) Each Lender shall deliver to the Parent Borrower and to the Administrative Agent, at such time or times reasonably
requested by the Parent Borrower or the Administrative Agent, such properly completed and executed documentation prescribed by applicable laws or by the taxing authorities of any jurisdiction and such other reasonably requested information as will
permit the Borrowers or the Administrative Agent, as the case may be, to determine (A) whether or not any payments made hereunder or under any other Loan Document are subject to Taxes, (B) if applicable, the required rate of withholding or
deduction, and (C) such Lender’s entitlement to any available exemption from, or reduction of, applicable Taxes in respect of any payments to be made to such Lender by any Loan Party pursuant to any Loan Document or otherwise to establish
such Lender’s status for withholding tax purposes in the applicable jurisdiction. In addition, any Lender, if reasonably requested by the Parent Borrower or the Administrative Agent, shall deliver such other documentation prescribed by
applicable law or reasonably requested by the Parent Borrower or the Administrative Agent as will enable the Parent Borrower or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or information
reporting requirements. Any documentation and information required to be delivered by a Lender pursuant to this Section 5.4(e) (including any specific documentation set forth in subsection (ii) below) shall be
delivered by such Lender (i) on or prior to the Closing Date (or on or prior to the date it becomes a party to this Agreement), (ii) on or before any date on which such documentation expires or becomes obsolete or invalid, (iii) after the
occurrence of any change in the Lender’s circumstances requiring a change in the most recent documentation previously delivered by it to the Parent Borrower and the Administrative Agent, and (iv) from time to time thereafter if reasonably
requested by the Parent Borrower or the Administrative Agent, and each such Lender shall promptly notify in writing the Parent Borrower and the Administrative Agent if such Lender is no longer legally eligible to provide any documentation previously
provided. If any form or certification previously delivered pursuant to this Section expires or becomes obsolete or inaccurate in any respect with respect to a Lender, such Lender shall update such form or certification or promptly notify the Parent
Borrower and the Administrative Agent of its legal inability to do so. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than either (x) such
documentation set forth in Section 5.4(e)(ii)(A), 5.4(e)(ii)(B) or 5.4(e)(ii)(D) or (y) required by applicable law other than the Code or the taxing authorities of the jurisdiction pursuant to such
applicable law to comply with the requirements for exemption or reduction of withholding tax in that jurisdiction) shall not be required if in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender
to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender. 

  
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 (ii) Without limiting the generality of the foregoing: 

(A) any Lender that is a U.S. Person shall deliver to the Parent Borrower and the Administrative Agent two (2) executed
copies of Internal Revenue Service Form W-9 or such other documentation or information prescribed by applicable laws or reasonably requested by the Parent Borrower or the Administrative Agent as will enable
the Borrowers or the Administrative Agent, as the case may be, to determine whether or not such Lender is subject to backup withholding or information reporting requirements; 

(B) each Lender that is not a U.S. Person (a “Non-U.S.
Lender”) that is entitled under the Code or any applicable treaty to an exemption from or reduction of U.S. federal withholding tax with respect to any payments hereunder or under any other Loan Document shall deliver to the
Parent Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) whichever of the following is applicable: 

(1) two (2) executed copies of Internal Revenue Service Form W-8BEN or W-8BEN-E, as applicable (or any successor form thereto), claiming eligibility for benefits of an income tax treaty to which the United States is a party; 

(2) executed copies of Internal Revenue Service Form W-8ECI (or any successor form
thereto); 
 (3) in the case of a Non-U.S. Lender claiming the benefits of the
exemption for portfolio interest under Section 881(c) of the Code, (x) a certificate, substantially in the form of Exhibit J-1, J-2, J-3 or J-4, as applicable, (a “Non-Bank Tax Certificate”), to the effect that such Non-U.S. Lender is not (A) a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (B) a “10 percent shareholder” of the Parent Borrower within the meaning of
Section 881(c)(3)(B) of the Code, or (C) a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code and that no payments under any Loan Document are effectively connected with such Non-U.S. Lender’s conduct of a United States trade or business and (y) two (2) executed copies of Internal Revenue Service Form W-8BEN or W-8BEN-E, as applicable (or any successors thereto); 

(4) where such Lender is a partnership (for U.S. federal income tax purposes) or otherwise not a beneficial owner (e.g., where
such Lender has sold a participation), Internal Revenue Service Form W-8IMY (or any successor thereto) and all required supporting documentation (including, where one or more of the underlying beneficial
owner(s) is claiming the benefits of the portfolio interest exemption, a Non-Bank Tax Certificate of such beneficial owner(s)) (provided that, if the Non-U.S.
Lender is a partnership and not a participating Lender, the Non-Bank Tax Certificate(s) may be provided by the Non-U.S. Lender on behalf of the direct or indirect
partner(s)); or 

  
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 (5) executed copies of any other form prescribed by applicable laws as a
basis for claiming exemption from or a reduction in United States federal withholding tax together with such supplementary documentation as may be prescribed by applicable laws to permit the Parent Borrower or the Administrative Agent to determine
the withholding or deduction required to be made; 
 (C) any Non-U.S. Lender shall,
to the extent it is legally entitled to do so, deliver to the Parent Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such
Non-U.S. Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Parent Borrower or the Administrative Agent), executed copies of any other form
prescribed by applicable law as a basis for claiming exemption from, or a reduction in, U.S. Federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by applicable law to permit the Parent Borrower
or the Administrative Agent to determine withholding or deduction required to be made; and 
 (D) if a payment made to a
Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b)
of the Code, as applicable), such Lender shall deliver to the Parent Borrower and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Parent Borrower or the Administrative Agent such
documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code or any applicable intergovernmental agreement) and such additional documentation reasonably requested by the Parent Borrower or the
Administrative Agent as may be necessary for the Parent Borrower and the Administrative Agent to comply with their obligations under FATCA, to determine whether such Lender has complied with such Lender’s obligations under FATCA or to determine
the amount, if any, to deduct and withhold from such payment. Solely for purposes of this clause (D), FATCA shall include any amendments made to FATCA after the date of this Agreement. 

(iii) Notwithstanding anything to the contrary in this Section 5.4, no Lender or the Administrative
Agent shall be required to deliver any documentation that it is not legally eligible to deliver. 
 (f) Treatment of Certain Refunds.
Unless required by applicable laws, at no time shall the Administrative Agent have any obligation to file for or otherwise pursue on behalf of a Lender or a Letter of Credit Issuer, or have any obligation to pay to any Lender or Letter of Credit
Issuer, any refund of Taxes withheld or deducted from funds paid for the account of such Lender or such Letter of Credit Issuer, as the case may be. If any Recipient determines, in its sole discretion exercised in good faith, that it has received a
refund of any Indemnified Taxes or Other Taxes as to which it has been indemnified by any Loan Party or with respect to which any Loan Party has paid additional amounts pursuant to this Section 5.4, the Administrative Agent
or such Lender (as applicable) shall promptly pay to such Loan Party an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by the Loan Parties under this Section 5.4
with respect to the Indemnified Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses (including any Taxes) incurred by the Administrative
Agent or such Lender, as the case may be, and without interest (other than any interest paid by the relevant 

  
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Governmental Authority with respect to such refund); provided that each Loan Party, upon the request of the Administrative Agent or such Lender, agrees to repay the amount paid over to
such Loan Party (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Administrative Agent or such Lender in the event the Administrative Agent or such Lender is required to repay such refund to such
Governmental Authority. Notwithstanding anything to the contrary in this paragraph (f), in no event will the Administrative Agent or any Lender be required to pay any amount to an indemnifying party pursuant to this paragraph
(f) the payment of which would place the Administrative Agent or any Lender in a less favorable net after-Tax position than the Administrative Agent or any Lender would have been in if the Tax subject
to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never been paid. This paragraph shall not be construed to
require the Administrative Agent or any Lender to make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to any Loan Party or any other Person. 

(g) Indemnification by the Lenders. Each Lender shall, and does hereby, severally indemnify the Administrative Agent, and shall make
payment in respect thereof within 10 days after demand therefor, for (i) any Indemnified Taxes attributable to such Lender (but only to the extent that any Loan Party has not already indemnified the Administrative Agent for such Indemnified
Taxes and without limiting the obligation of the Loan Parties to do so), (ii) any Taxes attributable to such Lender’s failure to comply with the provisions relating to the maintenance of a Participant Register and (iii) any Excluded Taxes
attributable to such Lender, in each case, that are payable or paid by the Administrative Agent in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or
legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest error. Each Lender hereby
authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under any Loan Document or otherwise payable by the Administrative Agent to the Lender from any other source against any amount due to the
Administrative Agent under this paragraph (g). 
 (h) NZ Approved Issuer Levy. 

(i) A Loan Party shall to the extent permitted by law: 

(A) register as an “approved issuer” (as that term is defined in section YA 1 of the NZ Income Tax Act); 

(B) maintain its status as an “approved issuer” and notify the Administrative Agent and the NZ Lenders as soon as
reasonably practicable of any failure to do so; 
 (C) ensure the facilities under this Agreement are registered with the NZ
Commissioner of Inland Revenue as a “registered security” (as that term is defined in section YA 1 of the NZ Income Tax Act); 

  
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 (D) pay the relevant amount of Approved Issuer Levy to the NZ Commissioner
of Inland Revenue in accordance with section 86K of the NZ Stamp Duties Act in respect of any payments of interest (or payments deemed by law to be interest) to an NZ AIL Lender. 

(ii) Except where a NZ Lender has notified the Parent Borrower or any NZ Loan Party that it wishes to be treated as a NZ AIL
Lender in accordance with paragraph (b) of the definition of NZ AIL Lender, any payment of Approved Issuer Levy under Section 5.4(h)(i)(D) shall be for the account of the relevant NZ Loan Party and that NZ Loan Party
shall not be entitled to deduct any such payment of Approved Issuer Levy from any amount payable to the relevant NZ AIL Lender under a Loan Document. 

(iii) Where a NZ Lender has notified the Parent Borrower or any NZ Loan Party that it wishes to be treated as a NZ AIL Lender
in accordance with paragraph (b) of the definition of NZ AIL Lender, the relevant NZ Loan Party shall be entitled to deduct an amount equal to the applicable Approved Issuer Levy paid under Section 5.4(h)(i)(D) from
the relevant payment to the relevant NZ AIL Lender and, in those circumstances, shall not be required to pay any additional amount to the relevant NZ AIL Lender under Section 5.4(a)(ii). 

(iv) If a NZ Loan Party fails to pay Approved Issuer Levy as provided in Section 5.4(h)(i)(D) in
respect of any payment of interest, so that a deduction is required to be made under Section 5.4(a)(ii), the provisions of Section 5.4(a)(ii) shall apply. 

(i) NZ Non-Resident Insurer Tax. Notwithstanding anything in this Agreement to the contrary, any
Tax paid by the Parent Borrower or a New Zealand tax resident L/C Participant pursuant to section HD 16 of the NZ Income Tax Act which is deducted from an amount held for, or payable to, a Letter of Credit Issuer pursuant to section HD 5 of the NZ
Income Tax Act shall be deemed to be an amount of Indemnified Tax paid by such Letter of Credit Issuer. 
 (j) FATCA. For the
avoidance of doubt, for purposes of this Section 5.4, the term Lender includes each Letter of Credit Issuer and the term “applicable law” includes FATCA. 

(k) Survival. Each party’s obligations under this Section 5.4 shall survive the resignation of the
Administrative Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all obligations under the Loan Documents. 

Section 5.5. Computations of Interest and Fees. 

(a) All computations of interest for Base Rate Loans (including Base Rate Loans determined by reference to the Eurocurrency Rate) shall be made
on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which
results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year), or, in the case of interest in respect of Loans denominated in Alternative Currencies as to which
market practice differs from the foregoing, in accordance with such market practice. Interest shall accrue 

  
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on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is
repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day. Each determination by the Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding
for all purposes, absent manifest error. With respect to all Non-LIBOR Quoted Currencies, the calculation of the applicable interest rate shall be determined in accordance with market practice. 

(b) If, as a result of any restatement of or other adjustment to the financial statements of the Company or for any other reason, the Parent
Borrower or the Lenders determine that (i) the Total Leverage Ratio as calculated by the Parent Borrower as of any applicable date was inaccurate and (ii) a proper calculation of the Total Leverage Ratio would have resulted in higher
pricing for such period, the Parent Borrower shall immediately and retroactively be obligated to pay to the Administrative Agent for the account of the applicable Lenders or the Letter of Credit Issuers, as the case may be, within ten
(10) Business Days of demand thereof by the Administrative Agent (or, after the occurrence of an actual or deemed entry of an order for relief with respect to any Borrower under the Bankruptcy Code, automatically and without further action by
the Administrative Agent, any Lender or any Letter of Credit Issuer), an amount equal to the excess of the amount of interest and fees that should have been paid for such period over the amount of interest and fees actually paid for such period.
This paragraph shall not limit the rights of the Administrative Agent, any Lender or any Letter of Credit Issuer, as the case may be, under Section 2.8(c), 3.4(a) or 4.1(b) or under Article X. The
Parent Borrower’s obligations under this paragraph shall survive the termination of all Commitments and the repayment of all other Obligations hereunder. 

Section 5.6. Limit on Rate of Interest. 

(a) No Payment Shall Exceed Lawful Rate. Notwithstanding any other term of this Agreement, the Borrowers shall not be obliged to pay any
interest or other amounts under or in connection with this Agreement or otherwise in respect of the Obligations in excess of the amount or rate permitted under or consistent with any applicable law, rule or regulation. 

(b) Payment at Highest Lawful Rate. If any Borrower is not obliged to make a payment that it would otherwise be required to make, as a
result of Section 5.6(a), such Borrower shall make such payment to the maximum extent permitted by or consistent with applicable laws, rules, and regulations. 

(c) Adjustment if Any Payment Exceeds Lawful Rate. If any provision of this Agreement or any of the other Loan Documents would obligate
any Borrower to make any payment of interest or other amount payable to any Lender in an amount or calculated at a rate that would be prohibited by any applicable law, rule or regulation, then notwithstanding such provision, such amount or rate
shall be deemed to have been adjusted with retroactive effect to the maximum amount or rate of interest, as the case may be, as would not be so prohibited by law, such adjustment to be effected, to the extent necessary, by reducing the amount or
rate of interest required to be paid by such Borrower to the affected Lender under Section 2.8; provided that to the extent lawful, the interest or other amounts that would have been payable but were not payable as a
result of the operation of this Section shall be cumulated and the interest payable to such Lender in respect of other Loans or periods shall be increased (but not above the Maximum Rate therefor) until such cumulated amount, together with interest
thereon at the Overnight Rate to the date of repayment, shall have been received by such Lender. 

  
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 Notwithstanding the foregoing, and after giving effect to all adjustments contemplated
thereby, if any Lender shall have received from any Borrower an amount in excess of the maximum permitted by any applicable law, rule or regulation, then such Borrower shall be entitled, by notice in writing to the Administrative Agent to obtain
reimbursement from that Lender in an amount equal to such excess, and pending such reimbursement, such amount shall be deemed to be an amount payable by that Lender to such Borrower. 

In determining whether the interest contracted for, charged, or received by the any Lender exceeds the Maximum Rate, such Person may, to the
extent permitted by applicable law, (i) characterize any payment that is not principal as an expense, fee, or premium rather than interest, (ii) exclude voluntary prepayments and the effects thereof, and (iii) amortize, prorate,
allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations hereunder. 

ARTICLE VI 

REPRESENTATIONS AND WARRANTIES 

To induce the Administrative Agent, the Letter of Credit Issuers and the Lenders to enter into this Agreement and to make the Loans and to
issue, amend or renew the Letters of Credit, each Borrower and the Company each hereby represents and warrants to the Administrative Agent, each Letter of Credit Issuer and each Lender that: 

Section 6.1. Financial Condition. (a) The audited financial statements of the Company and its consolidated Subsidiaries
delivered pursuant to Section 7.1(b) (i) present fairly, in all material respects, the consolidated financial condition of the Company and its consolidated Subsidiaries as of the date of such financial statement and
(ii) have been prepared in accordance with GAAP applied consistently throughout the period covered thereby except as otherwise expressly noted therein. 

(b) The unaudited consolidated balance sheet of the Company and its consolidated Subsidiaries as at September 30, 2019 delivered pursuant
to Section 7.1(b) and the related consolidated statements of income or operations, shareholder’s equity and cash flows for the fiscal quarter ended on that date (i) present fairly, in all material respects, the
consolidated financial condition of the Company and its consolidated Subsidiaries as of the date of such financial statement and (ii) have been prepared in accordance with GAAP applied consistently throughout the period covered thereby except
to the extent provided in the notes to such financial statements, subject to year-end audit adjustments. 

(c) The unaudited pro forma consolidated balance sheet of the Company and its consolidated Subsidiaries as at December 31, 2019 (including
any notes thereto) (the “Pro Forma Balance Sheet” and such date, the “Pro Forma Balance Sheet Date”), copies of which have heretofore been furnished to the Administrative Agent, has been prepared giving effect (as
if such events had occurred on such date) to the consummation of the Transactions and the other 

  
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transactions and events described in Section 7.1(m). The Pro Forma Balance Sheet has been prepared in good faith based upon assumptions believed by the Company to be
reasonable as of the date of delivery thereof to the Administrative Agent and as of the date hereof, and, subject to the qualifications and limitations contained in the notes attached thereto, presents fairly in all material respects on a pro forma
basis, the estimated financial position of the Company and its consolidated Subsidiaries as at the Pro Forma Balance Sheet Date, assuming that the events specified in the preceding sentence had actually occurred at such date. 

Section 6.2. No Change. Since December 31, 2019, there has been no development or event that, individually or in the
aggregate, has had or could reasonably be expected to have a Material Adverse Effect. 
 Section 6.3. Existence; Compliance with
Law. Each Group Member (a) is duly organized, incorporated, validly existing and in good standing (to the extent such concept is applicable in the relevant jurisdiction) under the laws of the jurisdiction of its organization,
(b) has the corporate, limited liability or limited partnership, as applicable, power and authority, and the legal right, to own and operate its property, to lease the property it operates as lessee and to conduct the business in which
it is currently engaged except for where failure to do so could not reasonably be expected to have a Material Adverse Effect, (c) is duly qualified to do business in, 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 except for where failure to do so could not reasonably be expected to have a Material Adverse Effect, and (d) is in compliance with all
Requirements of Law except to the extent that the failure to comply therewith could not, in the aggregate, reasonably be expected to have a Material Adverse Effect. 

Section 6.4. Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate, limited liability or limited
partnership, as applicable, power and authority, and the legal right, to enter into and perform the Loan Documents to which it is a party and, in the case of each Borrower, to obtain extensions of credit hereunder. Each Loan Party has taken all
necessary organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of each Borrower, to authorize the extensions of credit on the terms and conditions of this Agreement.
No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the extensions of credit hereunder or with the execution, delivery, performance,
validity or enforceability of this Agreement or any of the Loan Documents, except consents, authorizations, filings and notices that have been obtained or made and are in full force and effect. Each Loan Document has been duly executed and delivered
on behalf of each Loan Party party thereto. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party party thereto, enforceable against each such Loan Party in
accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or similar laws relating to or affecting the enforcement of creditors’ rights generally
and by general equitable principles (whether enforcement is sought by proceedings in equity or at law). 
 Section 6.5. 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 any Requirement of Law or any Material Contract or any Governing Document
of any Loan Party and will not result in, or require, the creation or imposition of any Lien on any of their respective properties or revenues pursuant to any such Material Contract. 

  
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 Section 6.6. Litigation. No action, suit, investigation or proceeding of or
before any arbitrator or Governmental Authority is pending or, to the knowledge of any Loan Party, threatened in writing against any Loan Party or any of their respective Subsidiaries or against any of their respective property as to which there is
a reasonable possibility of an adverse determination and that, if adversely determined, could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect. 

Section 6.7. Ownership of Property; Liens; Qualified Assets; Casualty. (a) Each Group Member has title in fee simple
to, or a valid leasehold interest in, all its Real Property that is material to its business, and good title to, or a valid leasehold interest in or the right to use, all its other property that is material to its business, in each case other than
(x) minor defects in title that do not interfere with its ability to conduct its business as currently conducted or as proposed to be conducted or to utilize such properties for their intended purposes, or (y) in the case of
assets other than Qualified Assets, where the failure to have such title, interest or other right to use would reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect, and none of the Qualified Assets or the
Capital Stock of any Loan Party is subject to any Lien except Permitted Encumbrances and Permitted Equity Encumbrances. 
 (b) Each Qualified
Asset included in any calculation of the Financial Covenants satisfied, at the time of such calculation, all of the Eligibility Criteria with respect to the applicable category of Qualified Assets. 

(c) Neither the businesses nor the properties of any Group Member are affected by any fire, explosion, accident, strike, lockout or other labor
dispute, drought, storm, hail, earthquake, embargo, act of God or of the public enemy or other casualty that, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. 

Section 6.8. Intellectual Property. Each Group Member owns, or is licensed to use, all Intellectual Property necessary for the
conduct of its business as currently conducted, except to the extent that the failure to so own or license such Intellectual Property, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. No claim has
been asserted against any Group Member and is pending by any Person challenging or questioning the use of any Intellectual Property or the validity or effectiveness of any Intellectual Property in each case that could reasonably be expected to have
a Material Adverse Effect, nor does any Borrower know of any valid basis for any such claim in each case that could reasonably be expected to have a Material Adverse Effect. The use of Intellectual Property by each Group Member does not infringe on
the rights of any Person except to the extent that such infringements, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 

Section 6.9. REIT Status; Stock Exchange Listing; Taxes. The Company (i) qualifies as a “real estate investment
trust” as defined in Section 856 of the Code for U.S. Federal income tax purposes (a “REIT”), (ii) has elected to be treated as a REIT and has not revoked its election to be a REIT and (iii) is in compliance
with all other requirements and conditions imposed under the Code to allow it to maintain its status as a REIT. The Company will cause its common Capital 

  
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Stock to be listed and to remain listed on the New York Stock Exchange or the NASDAQ Stock Market. Each Group Member has filed or caused to be filed all federal, state and other material tax
returns and reports that are required to have been filed and has paid all Taxes 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 Taxes 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 relevant Group
Member), except where the failure to file or pay could not reasonably be expected to have a Material Adverse Effect; no Tax Lien has been filed with respect to assets of any Group Member that is not a Permitted Encumbrance, and as of the Closing
Date, to the knowledge of the Company or any Borrower, no claim is being asserted with respect to any such Taxes, fees or other charges of any Group Member that could reasonably be expected to have a Material Adverse Effect. 

Section 6.10. Federal Regulations. (a) No part of the proceeds of any Loans or Letters of Credit, and no other extensions of
credit hereunder, will be used by any Loan Party (i) for the purpose, whether immediate or ultimate, of “buying” or “carrying” any “margin stock” within the respective meanings of each of the quoted terms
under Regulation U as now and from time to time hereafter in effect or (ii) for any purpose that violates the provisions of the Regulations of the Board. 

(b) No Loan Party nor any Subsidiary is engaged or will engage, principally or as one of its important activities, in the business of
“buying” or “carrying” any “margin stock” within the respective meanings of each of the quoted terms under Regulation U as now and from time to time hereafter in effect or extending credit for the purpose of
“buying” or “carrying” “margin stock”. 
 Section 6.11. ERISA. (a) Except as could not
reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect: (i) each Group Member and each of their respective ERISA Affiliates is in compliance with the applicable provisions of ERISA and the provisions
of the Code relating to Plans and the regulations and published interpretations thereunder; and (ii) no ERISA Event has occurred or is reasonably expected to occur. 

(b) No Borrower is or will be using “plan assets” (within the meaning of 29 CFR §
2510.3-101, as modified by Section 3(42) of ERISA) of one or more Benefit Plans in connection with the Loans, the Letters of Credit or the Commitments; 

Section 6.12. Investment Company Act. No Group Member is an “investment company” required to be registered as such under
the Investment Company Act of 1940, as amended. 
 Section 6.13. Subsidiaries. As of the Closing Date, (a) Schedule 6.13
sets forth the name and jurisdiction of incorporation of each Subsidiary of a Group Member and, as to each such Subsidiary, the percentage of each class of Capital Stock owned by any Group Member and (b) there are no outstanding subscriptions,
options, warrants, calls, rights or other agreements or commitments (other than (i) stock options granted to employees or directors and (ii) directors’ qualifying shares) of any nature relating to any Capital Stock of
the Parent Borrower or any Subsidiary. 

  
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 Section 6.14. Use of Proceeds. No Borrower has used the proceeds of any Loan or
Letter of Credit in any manner in violation of Section 8.11. 
 Section 6.15. Environmental Matters.
Except as, in the aggregate, could not reasonably be expected to have a Material Adverse Effect: 
 (a) the facilities and real properties
owned, leased or operated by any Group Member (the “Properties”) do not contain any Materials of Environmental Concern in amounts or concentrations or under circumstances that constitute a violation of Environmental Law or would
reasonably be expected to result in any Environmental Liability; 
 (b) no Group Member has received any written notice from any Person
alleging, or knows of any basis for, any Environmental Liability with regard to any Group Member, the Properties or the business operated by any Group Member (the “Business”); 

(c) Materials of Environmental Concern have not been transported or disposed of to, at or from the Properties by or on behalf of any Group
Member in violation of Environmental Law or in a manner that would reasonably be expected to give rise to any Environmental Liability, nor have any Materials of Environmental Concern been generated, used, treated or stored at, on or under any of the
Properties in violation of Environmental Law or in a manner that would reasonably be expected to give rise to any Environmental Liability; 

(d) no claim, proceeding, suit, action or, to the knowledge of any Borrower, investigation is pending or, to the knowledge of any Borrower,
threatened, under any Environmental Law to which any Group Member is or, to the knowledge of any Borrower, will be named as a party, nor are there any judicial decrees, consent decrees, consent orders, administrative orders or other governmental
orders outstanding under any Environmental Law with respect to any Group Member, the Properties or the Business; 
 (e) there has been no
Release of or exposure to nor, to the knowledge of any Borrower, threat of Release of Materials of Environmental Concern at, in, on, under or from the Properties or any other location that would reasonably be expected to give rise to any
Environmental Liability; 
 (f) neither the Group Members nor their respective operations at the Properties have failed to comply with any
Environmental Law or to obtain, maintain or comply with any permit, license or other approval required under any Environmental Law; and 

(g) no Group Member has retained or assumed (by contract or operation of law) any Environmental Liability of any other Person or with respect
to any former or predecessor operations or properties. 
 Section 6.16. Accuracy of Information, Etc. All written factual
information contained in this Agreement, any other Loan Document or any other document or certificate heretofore furnished by or on behalf of any Loan Party to the Administrative Agent, the Letter of Credit Issuers or the Lenders, or any of them,
for use in connection with the transactions contemplated by this Agreement or the other Loan Documents, other than projections, estimates, budgets, forward looking statements and information of a general economic or industry nature concerning

  
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the Loan Parties and their Subsidiaries, taken as a whole, does not and will not, when furnished, contain any untrue statement of a material fact or omit to state a material fact necessary in
order to make the statements contained therein (taken as a whole) not materially misleading in light of the circumstances under which such statements were or are made, supplemented or updated from time to time. The projections contained in the
materials referenced above will have been prepared in good faith based upon reasonable assumptions believed by management of the Loan Parties to be reasonable at the time made and at the time such projections are made, it being recognized by the
Administrative Agent, the Letter of Credit Issuers and the Lenders that such projections are not to be viewed as facts or a guarantee of performance and are subject to significant uncertainties and contingencies many of which are beyond the control
of the Loan Parties, that no assurance can be given that any particular projections will be realized and that actual results during the period or periods covered by any such projections may differ from the projected results, and such differences may
be material. 
 Section 6.17. [Intentionally Omitted]. 

Section 6.18. Anti-Corruption Laws, Sanctions and Anti-Terrorism Laws. The Company and the Borrowers have implemented and
maintain in effect policies and procedures designed to ensure compliance by the Company, the Borrowers, the other Group Members and their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions, and
the Borrowers, the other Group Members and their respective officers and employees and, to the knowledge of the Company and the Borrowers after reasonable due diligence, their respective directors and agents, are in compliance with Anti-Terrorism
Laws, Anti-Corruption Laws and applicable Sanctions. None of the Company, any of the Borrowers, any of their respective Subsidiaries or, to the knowledge or any Borrower, the Company or any such Subsidiary after reasonable due diligence, any of
their respective directors, officers or employees, (i) is a Sanctioned Person, (ii) conducts any business or engages in making or receiving any contribution of funds, goods or services to or for the benefit of any Sanctioned Person,
(iii) deals in, or otherwise engages in any transaction related to, any property or interests in property blocked pursuant to any Anti-Terrorism Law or (iii) engages in or conspires to engage in any transaction that evades or
avoids, or has the purposes of evading or avoiding, or attempts to violate any Anti-Terrorism Laws. All borrowings, use of proceeds and other transactions contemplated by this Agreement will comply with applicable Sanctions in all respects, and no
borrowing, use of proceeds or other transaction contemplated by this Agreement will violate Anti-Corruption Laws (including the Foreign Corrupt Practices Act of 1977). 

Section 6.19. Labor Matters. As of the Closing Date, except as could not reasonably be expected to have a Material Adverse Effect:
(i) there are no strikes, lockouts or slowdowns or any other material labor disputes against any Group Member pending or, to the knowledge of the Parent Borrower, threatened; (ii) the hours worked by and payments made to employees
of each of the Parent Borrower and each of its Subsidiaries have not been in violation of (A) with respect to any such Person that is subject to the laws of the United States, the Fair Labor Standards Act (B) and with respect to any
such Person, any other applicable Federal, state, local or foreign law dealing with such matters; (iii) all payments due from the Parent Borrower or any of its Subsidiaries, or for which any claim may be made against the Parent Borrower
or any of its Subsidiaries, on account of wages and employee health and welfare insurance and other benefits have been paid or accrued as a liability on the books of the Parent Borrower or such Subsidiary; and (iv) the consummation of the
Transactions will not give rise to any right of termination or right of renegotiation on the part of any union under any collective bargaining agreement to which the Parent Borrower or any of its Subsidiaries is bound. 

  
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 Section 6.20. Solvency. As of the Closing Date, the Company and its Subsidiaries
and the Parent Borrower and its Subsidiaries, in each case taken as a whole and on a consolidated basis, immediately after the consummation of the Transactions, are Solvent. 

Section 6.21. Insurance. The properties of the Group Members are insured with financially sound and reputable insurance companies
not Affiliates of the Company, in such amounts, with such deductibles and covering such risks as are customarily carried by companies engaged in similar businesses and owning similar properties in localities where the applicable Group Member
operates. 
 Section 6.22. No Default. No Default or Event of Default has occurred and is continuing or would result from the
consummation of the transactions contemplated by this Agreement or any other Loan Document. 
 Section 6.23. Affected Financial
Institution. No Loan Party is an Affected Financial Institution. 
 Section 6.24. Representations as to Foreign Obligors.
Each of the Company and each Foreign Obligor represents and warrants to the Administrative Agent and the Lenders that: 

(a) Such Foreign Obligor is subject to civil and commercial laws with respect to its obligations under this Agreement and the other Loan
Documents to which it is a party (collectively as to such Foreign Obligor, the “Applicable Foreign Obligor Documents”), and the execution, delivery and performance by such Foreign Obligor of the Applicable Foreign Obligor Documents
constitute and will constitute private and commercial acts and not public or governmental acts. Neither such Foreign Obligor nor any of its property has any immunity from jurisdiction of any court or from any legal process (whether through service
or notice, attachment prior to judgment, attachment in aid of execution, execution or otherwise) under the laws of the jurisdiction in which such Foreign Obligor is organized and existing in respect of its obligations under the Applicable Foreign
Obligor Documents. 
 (b) The Applicable Foreign Obligor Documents are in proper legal form under the laws of the jurisdiction in which such
Foreign Obligor is organized and existing for the enforcement thereof against such Foreign Obligor under the laws of such jurisdiction, and to ensure the legality, validity, enforceability, priority or admissibility in evidence of the Applicable
Foreign Obligor Documents. It is not necessary to ensure the legality, validity, enforceability, priority or admissibility in evidence of the Applicable Foreign Obligor Documents that the Applicable Foreign Obligor Documents be filed, registered or
recorded with, or executed or notarized before, any court or other authority in the jurisdiction in which such Foreign Obligor is organized and existing or that any registration charge or stamp or similar tax be paid on or in respect of the
Applicable Foreign Obligor Documents or any other document, except for (i) any such filing, registration, recording, execution or notarization as has been made or is not required to be made until the Applicable Foreign Obligor Document or any
other document is sought to be enforced and (ii) any charge or tax as has been timely paid. 

  
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 (c) There is no tax, levy, impost, duty, fee, assessment or other governmental charge, or
any deduction or withholding, imposed by any Governmental Authority in or of the jurisdiction in which such Foreign Obligor is organized and existing either (i) on or by virtue of the execution or delivery of the Applicable Foreign Obligor
Documents or (ii) on any payment to be made by such Foreign Obligor pursuant to the Applicable Foreign Obligor Documents, except as has been disclosed to the Administrative Agent. 

(d) The execution, delivery and performance of the Applicable Foreign Obligor Documents executed by such Foreign Obligor are, under applicable
foreign exchange control regulations of the jurisdiction in which such Foreign Obligor is organized and existing, not subject to any notification or authorization except (i) such as have been made or obtained or (ii) such as cannot be made
or obtained until a later date (provided that any notification or authorization described in clause (ii) shall be made or obtained as soon as is reasonably practicable). 

ARTICLE VII 
 CONDITIONS
PRECEDENT 
 Section 7.1. Conditions to Effectiveness. The effectiveness of this Agreement is subject to satisfaction or
waiver of each of the following conditions precedent: 
 (a) Credit Agreement; Other Documents. The Administrative Agent shall have
received: 
 (i) this Agreement, executed and delivered by the Administrative Agent, the Parent Borrower, each of the
Designated Borrowers, the Company and each Person listed on Schedule 1.1A; 
 (ii) a Guarantee Agreement, if any,
executed and delivered by the Administrative Agent and the Loan Parties party thereto; and 
 (iii) executed copies of a
Revolving Credit Note, Term A-1 Note and/or Term A-2 Note, as applicable, in favor of each Lender requesting such Note (which, to the extent delivered via e-mail (in a .pdf format) or telecopies, shall be followed promptly by originals). 
 (b) Financial
Statements. The Lenders shall have received (i) audited consolidated financial statements of the Company and its consolidated Subsidiaries for the fiscal year ended December 31, 2019, (ii) unaudited consolidated financial statements of
the Company and its consolidated Subsidiaries for the fiscal quarters ended September 30, 2019, and (iii) the Pro Forma Balance Sheet. 

(c) No Material Adverse Effect; Satisfaction of Investment Grade Ratings Criteria. There shall not have occurred since December 31,
2019, any event, change or condition that, individually or in the aggregate, has had or could reasonably be expected to have a Material Adverse Effect. On the Closing Date, the Investment Grade Ratings Criteria are satisfied. 

  
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 (d) Fees. The Lenders, the Lead Arrangers and the Administrative Agent shall have
received all invoiced fees required to be paid, and all expenses for which invoices have been presented (including the reasonable fees and expenses of legal counsel), on or before the Closing Date, in each case, to the extent invoiced at least three
Business Days prior to the Closing Date. 
 (e) Secretary’s Certificates. The Administrative Agent shall have
received a certificate of each Borrower and each other Loan Party, dated the Closing Date and satisfactory in form and substance to the Administrative Agent, with appropriate insertions and attachments, reasonably satisfactory in form and substance
to the Administrative Agent, executed by a Responsible Officer of such Borrower or such Loan Party (or a director, in the case of an NZ Loan Party). 

(f) Proceedings of the Loan Parties. The Administrative Agent shall have received a copy of the resolutions, in form and substance
reasonably satisfactory to the Administrative Agent, of the Board of Directors (or similar governing body) of each Borrower and each other Loan Party (other than an NZ Loan Party) authorizing (i) the execution, delivery and performance of this
Agreement and the other Loan Documents to which it is a party and (ii) in the case of the Borrowers, the borrowings contemplated hereunder, certified by a Responsible Officer of each such Borrower or such Loan Party as of the Closing Date,
which certification shall be included in the certificate delivered in respect of such Borrower or such Loan Party pursuant to Section 7.1(e) and shall state that the resolutions thereby certified have not been amended,
modified, revoked or rescinded (except in the case of an NZ Loan Party, where such certificate shall be given by a director thereof). 
 (g)
Incumbency Certificates. The Administrative Agent shall have received a certificate of each Loan Party, dated the Closing Date, as to the incumbency and signature of the officers of such Loan Party, as applicable, executing any Loan Document,
which certificate shall be included in the certificate delivered in respect of such Loan Party pursuant to Section 7.1(e), shall be in form and substance reasonably satisfactory to the Administrative Agent and shall be
executed by a Responsible Officer and the secretary or any assistant secretary of such Loan Party (except in the case of an NZ Loan Party, where such certificate shall be given by a director thereof). 

(h) Governing Documents. The Administrative Agent shall have received true and complete copies of the Governing Documents of each
Borrower and each other Loan Party certified as of a recent date as complete and correct copies thereof by a Responsible Officer of such Borrower or such Loan Party, which certification shall be included in the certificate delivered in respect of
such Borrower or such Loan Party pursuant to Section 7.1(e) (except in the case of an NZ Loan Party, where such certificate shall be given by a director thereof). 

(i) Good Standing Certificates. The Administrative Agent shall have received certificates dated as of a recent date from the Secretary
of State or other appropriate authority evidencing the good standing and/or existence (to the extent such concept is applicable) of each Borrower and each other Loan Party in the jurisdiction of its organization or formation. 

(j) Legal Opinions. The Administrative Agent shall have received a signed legal opinion of (i) King & Spalding LLP,
counsel to the Loan Parties, (ii) Stewart McKelvey, Canadian counsel to the Loan Parties, (iii) Venable LLP, counsel to the Loan Parties, (iv) Allens, Australia counsel to the Administrative Agent and (v) Bell Gully, New Zealand
counsel to the Administrative Agent, in each case, in form and substance reasonably satisfactory to the Administrative Agent. 

  
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 (k) Closing Certificate. The Administrative Agent shall have received a certificate,
executed by a Responsible Officer of the Parent Borrower, dated the Closing Date, in form and substance reasonably satisfactory to the Administrative Agent, confirming as of the Closing Date that: 

(i) each of the representations and warranties made by the Company and each Loan Party in or pursuant to the Loan Documents to
which it is a party shall be true and correct in all material respects (or if qualified by materiality or Material Adverse Effect, in all respects) on and as of the Closing Date (except where such representations and warranties relate to an earlier
date, in which case such representations and warranties shall have been true and correct as of such earlier date); 
 (ii) no
Default or Event of Default has occurred and is continuing on such date or would result from any extensions of credit under this Agreement requested to be made on the Closing Date; 

(iii) the Parent Borrower and its Subsidiaries and the Company and its Subsidiaries, in each case taken as a whole and on a
consolidated basis, are, and immediately before and after giving effect to the transactions expected to occur on the Closing Date, including the making of each Loan to be made on the Closing Date and the application of the proceeds thereof, will be,
Solvent; 
 (iv) there shall not have occurred since December 31, 2019, any event, change or condition that,
individually or in the aggregate, has had or could reasonably be expected to have a Material Adverse Effect; 
 (v) the
current Debt Rating; and 
 (vi) the Parent Borrower satisfies the Investment Grade Ratings Criteria. 

(l) Know Your Customer. The Administrative Agent and each Lender shall have received, at least five (5) Business Days prior to the
Closing Date, all documentation and other information required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the Patriot Act and the Beneficial Ownership
Regulation, in each case as requested at least ten (10) Business Days prior to the Closing Date. 
 (m) Transactions. The
Transactions shall have been, or substantially concurrently with the Closing Date will be, consummated. 
 (n) Pro Forma Closing Date
Compliance Certificate. The Administrative Agent shall have received a duly completed Compliance Certificate, executed by a Financial Officer of the Company, dated the Closing Date, in form and substance reasonably satisfactory to the
Administrative Agent, giving pro forma effect to the transactions to occur on the Closing Date (including, without limitation, the consummation of the Transactions and all Borrowings and issuances of Letters of Credit, if any, to occur on the
Closing Date and the application of proceeds thereof), but calculated as of the last day of the fiscal quarter ending immediately prior to the Closing Date (such Compliance Certificate, the “Pro Forma Closing Date Compliance
Certificate”). 

  
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 For the purpose of determining compliance with the conditions specified in this
Section 7.1, each Lender that has signed this Agreement shall be deemed to have accepted, and to be satisfied with, each document or other matter required under this Section 7.1 unless the
Administrative Agent shall have received written notice from such Lender prior to the proposed Closing Date specifying its objection thereto. 

Section 7.2. Conditions to Each Extension of Credit. The agreement of each Lender and each Letter of Credit Issuer to make any
extension of credit requested to be made by it on any date (including any making of Loans and any issuance, amendment, renewal or extension of Letters of Credit on the Closing Date) is subject to receipt of the request therefor in accordance with
the terms of Article II or III, as applicable, and the satisfaction of the following conditions precedent: 
 (a) Representations and
Warranties. Each of the representations and warranties made by any Borrower or any Loan Party in or pursuant to the Loan Documents shall be true and correct in all material respects (or, if qualified by materiality or Material Adverse Effect, in
all respects) on and as of such date, before and after giving effect to the extensions of credit requested to be made on such date and the application of the proceeds therefrom, as if made on and as of such date (except where such representations
and warranties relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects (or, if qualified by materiality or Material Adverse Effect, in all respects) as of such earlier
date and except that for purposes of this Section 7.2, the representations and warranties contained in Section 6.1(a) and (b) shall be deemed to refer to the most recent statements
furnished pursuant to Sections 8.1(a) and (b), respectively). 
 (b) No Default or Event of Default. No Default or Event
of Default shall have occurred and be continuing on such date or after giving effect to the extensions of credit requested to be made on such date. 

(c) Alternative Currencies. In the case of an Alternative Currency Tranche Loan or an L/C Credit Extension to be denominated in an
Alternative Currency, or in the case of the Term A-2 Loan, there shall not have occurred any change in national or international financial, political or economic conditions or currency exchange rates or
exchange controls which in the reasonable opinion of the Administrative Agent, the Required Tranche Lenders (in the case of any Alternative Currency Tranche Loans to be denominated in an Alternative Currency), the Required Term A-2 Lenders (in the case the Term A-2 Loan) or the applicable Letter of Credit Issuer (in the case of an L/C Credit Extension to be denominated in an Alternative Currency)
would make it impracticable for such extension of credit to be denominated in the relevant Alternative Currency. 
 (d) Designated
Borrower. If the applicable Borrower became a Designated Borrower after the Closing Date, then the conditions of Section 2.18 to the designation of such Borrower as a Designated Borrower shall have been met to the
satisfaction of the Administrative Agent. 

  
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 Each borrowing hereunder shall constitute a representation and warranty by the Borrower as
of the date of such extension of credit and each issuance, amendment, renewal or extension of a Letter of Credit that the conditions contained in this Section 7.2 have been satisfied as of such date. 

ARTICLE VIII 

AFFIRMATIVE COVENANTS 

Until Payment in Full, the Parent Borrower and the Company shall and (except in the case of the covenants set forth in Sections 8.1,
8.2, 8.8 and 8.13(a) and (b)) shall cause each of their respective Subsidiaries to: 
 Section 8.1.
Financial Statements. Furnish to the Administrative Agent (which shall promptly make such information available to the Lenders in accordance with customary practices): 

(a) within 90 days after the end of each fiscal year of the Company (or, if earlier, 15 days after the date required to be filed with the SEC)
(commencing with the fiscal year ended December 31, 2020), the Company’s audited consolidated balance sheet and related statements of operations, stockholders’ equity and cash flows as of the end of and for such year, setting forth in
each case in comparative form the figures for the previous fiscal year, all reported on by Ernst & Young LLP or other independent public accountants of recognized national standing (without a “going concern” or like statement,
qualification or exception and without any qualification or exception as to the scope of such audit) to the effect that such consolidated financial statements present fairly in all material respects the financial condition and results of operations
of the Company and its Subsidiaries on a consolidated basis in accordance with GAAP consistently applied and accompanied by a certificate of the accounting firm that reported on such financial statements stating that in the course of its regular
audit of the business of the Company and its consolidated Subsidiaries, which audit was conducted in accordance with generally accepted auditing standards, such accounting firm has obtained no knowledge of any Event of Default relating to the
Financial Covenants that has occurred and is continuing or, if in the opinion of such accounting firm such an Event of Default has occurred and is continuing, a statement as to the nature thereof (which certificate may be limited to the extent
required by accounting rules or guidelines); and 
 (b) within 45 days after the end of each of the first three fiscal quarters of the fiscal
year of the Company (or, if earlier, 5 days after the date required to be filed with the SEC) (commencing with the fiscal quarter ended March 31, 2020), its consolidated balance sheet and related statements of operations, stockholders’
equity and cash flows as of the end of and for such fiscal quarter and the then elapsed portion of the fiscal year, setting forth in each case in comparative form the figures for the corresponding period or periods of (or, in the case of the balance
sheet, as of the end of) the previous fiscal year, all certified by Financial Officer of the Company as presenting fairly in all material respects the financial condition and results of operations of the Company and its Subsidiaries on a
consolidated basis in accordance with GAAP consistently applied, subject to normal year-end audit adjustments and the absence of footnotes. 

  
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 Any financial statement or other document, reports, proxy statements or other materials required to be
delivered pursuant to this Section 8.1 or Section 8.2 (to the extent any such financial statement or document, reports, proxy statements or other materials included in materials otherwise filed
with the SEC, including in the Company’s Form 8-K, 10-K or 10-Q) may be delivered electronically and, if so delivered, shall
be deemed to have been delivered on the date (i) such financial statements and/or other documents are posted on the SEC’s website on the Internet at www.sec.gov, (ii) on which the Parent Borrower or the Company posts such documents,
or provides a link thereto, on the Parent Borrower’s or the Company’s website address listed on Schedule 12.2 or (iii) on which such documents are posted on the Parent Borrower’s or the Company’s behalf on an Internet
or Intranet website, if any, to which the Administrative Agent and each Lender has access (whether a commercial third-party website or a website sponsored by the Administrative Agent), provided that (A) the Parent Borrower or the Company
shall, at the request of the Administrative Agent or any Lender, continue to deliver copies (which delivery may be by electronic transmission (including Adobe pdf copy)) of such documents to the Administrative Agent or such Lender until a written
request to cease delivering paper copies is given by the Administrative Agent or such Lender and (B) the Parent Borrower or the Company shall notify (which notification may be by facsimile or electronic transmission (including Adobe pdf copy))
the Administrative Agent of the posting of any such documents on any website. The Administrative Agent shall have no obligation to request the delivery of or to maintain paper copies of the documents referred to above, and in any event shall have no
responsibility to monitor compliance by the Parent Borrower or the Company with any request by a Lender for delivery, and each Lender shall be solely responsible for timely accessing posted documents or requesting delivery of paper copies of such
documents from the Administrative Agent and maintaining its copies of such documents. 
 Section 8.2. Certificates; Other
Information. Furnish to the Administrative Agent (which shall promptly make such information available to the Lenders in accordance with customary practices): 

(a) (1) concurrently with the delivery of any financial statements pursuant to Section 8.1(a) or (b)
(commencing with the delivery of the financial statements for the fiscal quarter ended March 31, 2020) (which delivery may, unless the Administrative Agent, or a Lender requests executed originals, be by electronic communication including fax
or email and shall be deemed to be an original authentic counterpart thereof for all purposes) (x) a duly completed Compliance Certificate signed by a Financial Officer of the Company, which Compliance Certificate shall (i) include a
certification as to whether a Default or Event of Default has occurred and if a Default or Event of Default has occurred, specifying the details thereof and any action taken or proposed to be taken with respect thereto, (ii) set forth a
narrative discussion and analysis of the financial condition and results of operations of the Company and its Subsidiaries (on a consolidated basis) for the reporting period then ended and for the period from the beginning of the then current fiscal
year to the end of such period and (iii) set forth reasonably detailed calculations demonstrating compliance with the Financial Covenants (including reasonably detailed calculations that confirm the computations of Unencumbered Asset Value and
Total Asset Value that were utilized in calculating the Financial Covenants reflect the concentration limits included in the proviso to Unencumbered Asset Value or Total Asset Value, as applicable), and (y) together with such Compliance
Certificate, each in form and detail reasonably satisfactory to the Administrative Agent, (i) a statement of the EBITDA contribution by each component of Unencumbered Asset Value and Total Asset Value for the twelve month period ending at the
end of the most recent fiscal quarter and summary occupancy reports and location by asset, (ii) a 

  
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certification that all assets utilized in determining Unencumbered Asset Value fully qualify as Qualified Assets under the applicable Eligibility Criteria and (iii) a summary of all
acquisitions, dispositions or other removals of Qualified Assets completed during the most recently ended calendar quarter and (2) concurrently with the delivery of any financial statements pursuant to Section 8.1(a)
(commencing with the delivery of the financial statements for the fiscal year ended December 31, 2020) a list as of such year-end setting forth the name and jurisdiction of incorporation of each
Subsidiary of a Group Member and, as to each such Subsidiary, the percentage of each class of Capital Stock owned by any Group Member. 
 (b)
as soon as available, and in any event no later than 90 days after the end of the fiscal year of the Company, a detailed consolidated budget of the Company for the following fiscal year (including a projected consolidated balance sheet of the
Company, as of the end of the following fiscal year, the related consolidated statements of projected cash flow, projected changes in financial position and projected income, and a description of the underlying assumptions applicable thereto), and,
as soon as available, significant revisions, if any, of such budget and projections with respect to such fiscal year, which projections shall in each case be accompanied by a certificate of a Financial Officer of the Company stating that such
projections are based on reasonable estimates, information and assumptions; 
 (c) [reserved]; 

(d) promptly following receipt thereof, copies of (i) any documents described in Section 101(k) of ERISA that any Group Member or any
ERISA Affiliate requests with respect to any Multiemployer Plan to which a Group Member or ERISA Affiliate is obligated to contribute and (ii) any notices described in Section 101(l) of ERISA that any Group Member or any ERISA Affiliate
requests with respect to any Multiemployer Plan to which a Group Member or ERISA Affiliate is obligated to contribute; provided that if the relevant Group Member or ERISA Affiliate has not requested such documents or notices from the
administrator or sponsor of the applicable Multiemployer Plan, then, upon reasonable request of the Administrative Agent, such Group Member or ERISA Affiliate shall promptly make a request for such documents or notices from such administrator or
sponsor and the Parent Borrower shall provide copies of such documents and notices promptly after receipt thereof; 
 (e) promptly after the
same are available, and only to the extent not publicly available on EDGAR, copies of each annual report, proxy or financial statement or other report or communication sent to the stockholders of the Company, and copies of all annual, regular,
periodic and special reports and registration statements which the Company may file or be required to file with the SEC under Section 13 or 15(d) of the Securities Exchange Act of 1934, and not otherwise required to be delivered to the
Administrative Agent pursuant hereto; 
 (f) promptly after the furnishing thereof, copies of any material statement, report or notice any
furnished to any holder of debt securities of any Loan Party or Subsidiary thereof pursuant to the terms of any material indenture, loan or credit or similar agreement and not otherwise required to be furnished to the Lenders pursuant to
Section 8.1, Section 8.8 or any other clause of this Section 8.2; 

  
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 (g) promptly, and in any event within five (5) Business Days after receipt thereof by
any Loan Party or any Subsidiary thereof, copies of each notice or other correspondence received from the SEC (or comparable agency in any applicable non-U.S. jurisdiction) concerning any investigation or
possible investigation or other inquiry by such agency regarding financial or other operational results of any Loan Party or any Subsidiary thereof; and 

(h) promptly, such additional financial and other information regarding the operations, business affairs and financial condition of the
Company, the Parent Borrower and their Subsidiaries as any Lender may from time to time reasonably request; provided that none of the Company, the Parent Borrower nor any Subsidiary will be required to disclose or permit the inspection or
discussion of, any document, information or other matter (i) that constitutes trade secrets or similar commercially sensitive information, (ii) in respect of which disclosure to the Administrative Agent or any Lender (or their
representatives or contractors) is prohibited by law, would violate the fiduciary duties owed by the disclosing party or would violate any binding agreement or (iii) that is subject to attorney client or similar privilege or constitutes
attorney work product. 
 Each Borrower and the Company and each Lender acknowledge that (a) the Administrative Agent, any Bookrunner
and/or any Lead Arranger may, but shall not be obligated to, make available to the Lenders and the Letter of Credit Issuers materials and/or information provided by or on behalf of such Borrower hereunder (collectively, “Borrower
Materials”) by posting the Borrower Materials on IntraLinks, Syndtrak, ClearPar, or a substantially similar electronic transmission system (the “Platform”) and (b) certain of the Lenders may be Public Lenders and, if
documents or notices required to be delivered pursuant to this Section 8.2 or otherwise are being distributed through the Platform, any document or notice that any Borrower has indicated contains Private-Side Information
shall not be posted on that portion of the Platform designated for such Public Lenders. Each Borrower agrees to clearly and conspicuously mark “PUBLIC” (which, at a minimum means that the word “PUBLIC” shall appear prominently on
the first page thereof) on all Borrower Materials provided to the Administrative Agent by or on behalf of such Borrower which contains only Public-Side Information, and by doing so the Administrative Agent, the Bookrunners, the Lead Arrangers, the
Letter of Credit Issuers and the Lenders shall be deemed to have been authorized to treat such Borrower Materials as containing only Public-Side Information. If neither any Borrower nor the Company has indicated whether a document or notice
delivered pursuant to this Section 8.2 contains Private-Side Information, the Administrative Agent reserves the right to post such document or notice solely on that portion of the Platform designated for Private Lenders.

 Section 8.3. Lines of Business. Maintain, and not fundamentally and substantively alter, the character of their business,
taken as a whole, from the business conducted by the Loan Parties and their Subsidiaries, taken as a whole, on the Closing Date and other business activities which are extensions thereof or otherwise incidental, reasonably related, or ancillary to
any of the foregoing (and non-core incidental businesses acquired in connection with any Permitted Acquisition or permitted Investment, which, for the avoidance of doubt, shall not be included as a line of
business for the purposes of determining Total Asset Value or Eligible Values). 

  
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 Section 8.4. Taxes. File or cause to be filed, all federal, state and other tax
returns and reports that are required to be filed and pay all Taxes on any assessments made against it or any of its property, and all other Taxes, fees or other charges imposed on it or any of its property by any Governmental Authority (other than
(a) any the amount or validity of which are contested in good faith by appropriate proceedings and with respect to which reserves in conformity with GAAP are provided on the books of the relevant Group Member or (b) where the
failure to do so, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect). 

Section 8.5. Maintenance of Existence; Compliance with Law. (a)(i) Preserve, renew and keep in full force and effect its
organizational existence and good standing under the laws of the jurisdiction of its organization and (ii) take all reasonable action to maintain all rights, privileges and franchises necessary or desirable in the normal conduct of its
business, except, in each case, as otherwise permitted by Section 9.4 or 9.12 and except, in the case of clause (i) (solely with respect to good standing of Group Members other than the Company and the
Borrowers) and clause (ii) above, to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect; (b) comply with all Requirements of Law except to the extent that failure to comply
therewith could not, in the aggregate, reasonably be expected to have a Material Adverse Effect; and (c) maintain in effect and enforce policies and procedures reasonably designed to ensure compliance by the Company, the Borrowers, the
other Group Members and their respective directors, officers and employees with Anti-Terrorism Laws, Anti-Corruption Laws and applicable Sanctions. 

Section 8.6. Maintenance of Property; Insurance. (a) Keep all property material to the conduct of and necessary in its
business in good working order and condition, ordinary wear and tear, casualty and condemnation excepted and (b) maintain with insurance companies that the Company believes (in the good faith judgment of the management of the Company)
are financially sound and reputable insurance on all its property in at least such amounts and against at least such risks (but including in any event public liability, product liability and business interruption) as are usually (as determined in
the good faith judgment of the management of the Company) insured against in the same general area by similarly situated companies engaged in the same or a similar business; provided that workers compensation and/or health insurance may be
maintained with captive insurance Subsidiaries. 
 Section 8.7. Inspection of Property; Books and Records; Discussions.
(a) Keep proper books of records and account in which full, true and correct entries in all material respects in conformity with GAAP and all Requirements of Law shall be made of all dealings and transactions in relation to its business and
activities and (b) permit representatives of the Lenders once each calendar year upon reasonable prior notice and at a time mutually agreed with the Company (or, after the occurrence and during the continuation of a Default or an Event of
Default, at any time or frequency) to visit and inspect its properties (to the extent it is within such Person’s control to permit such inspection), to examine and make extracts from its books and records (other than materials (i) that
constitute trade secrets or similar commercially sensitive information, (ii) in respect of which disclosure to the Administrative Agent or any Lender (or their representatives or contractors) is prohibited by law, would violate the fiduciary
duties owed by the disclosing party or would violate any binding agreement or (iii) that is subject to attorney client or similar privilege or constitutes attorney work product), and to discuss its affairs, finances and condition with its
officers, in each case, at the expense of the Borrowers once each calendar year (or, after the occurrence and during the continuation of a Default or an Event of Default, at any time). 

  
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 Section 8.8. Notices. Promptly give notice to the Administrative Agent (for
further distribution to each Lender) of: 
 (a) the occurrence of any Default or Event of Default; 

(b) any litigation, investigation or proceeding by or before any arbitrator or Governmental Authority against or affecting any Group Member
that, if adversely determined, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect; 
 (c)
any action, suit, investigation or proceeding against any Group Member (i) that, if adversely determined, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect or (ii) which relates to any
Loan Document; 
 (d) the occurrence of any ERISA Event that, alone or together with any other ERISA Events that have occurred, could
reasonably be expected to result in liability to a Group Member in an aggregate amount exceeding $10,000,000; 
 (e) any transaction or
occurrence that results in the material damage, destruction or rendering unfit for normal use of any of the facilities and properties owned, leased or operated by any Group Member, that could reasonably be expected to have, individually or in the
aggregate, a Material Adverse Effect; 
 (f) any pending or threatened notice or claim, administrative, regulatory or judicial action, suit,
judgment, demand or other written communication by any other Person alleging or asserting the liability of any Group Member for investigatory costs, clean-up costs, governmental response costs, damages to
natural resources or other property, personal injuries, fines or penalties or seeking injunctive relief, in each case relating to the presence, use or Release of any Material of Environmental Concern or the violation, or alleged violation, of any
Environmental Law, that, if adversely determined, could reasonably be expected to have a Material Adverse Effect; 
 (g) any development or
event that has had or could reasonably be expected to have a Material Adverse Effect; 
 (h) of any material change in accounting policies or
financial reporting practices by any Loan Party or any Subsidiary thereof, including any determination by the Parent Borrower referred to in Section 5.5(b); and 

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

Each notice pursuant to this Section 8.8 (other than Section 8.8(i)) shall be accompanied
by a statement of a Responsible Officer of the Parent Borrower or the Company setting forth details of the occurrence referred to therein and stating what action the Loan Parties have taken and propose to take with respect thereto. Each notice
pursuant to Section 8.8(a) shall describe with particularity any and all provisions of this Agreement and any other Loan Document that have been breached. 

  
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 Section 8.9. Environmental Laws. (a) Comply with, and use commercially
reasonable efforts to ensure compliance by all tenants and subtenants, if any, with, all applicable Environmental Laws, and obtain and comply with and maintain, and take commercially reasonable steps to ensure that all tenants and subtenants obtain
and comply in all material respects with and maintain, any and all licenses, approvals, notifications, registrations or permits required by applicable Environmental Laws; in each case, except for such
non-compliance and failure to obtain and maintain that could not reasonably be expected to have a Material Adverse Effect; 

(b) Except where failure to do so could not reasonably be expected to have a Material Adverse Effect, (i) conduct and complete all
investigations, studies, sampling and testing, and all remedial, removal and other actions required under Environmental Laws and (ii) promptly comply with all lawful orders and directives of all Governmental Authorities regarding Environmental
Laws, other than such orders and directives which are being timely contested in good faith by proper proceedings. 
 Section 8.10.
Additional Subsidiary Guarantors. Cause any Subsidiary of the Parent Borrower that (i) is a Direct Owner or an Indirect Owner with respect to any Qualified Asset, (ii) is not a Borrower or a Subsidiary Guarantor and
(iii) becomes a borrower or guarantor of, or otherwise incurs a payment obligation in respect of, any Indebtedness (other than Pari Passu Obligations and Indebtedness arising under the Facilities), promptly (and, in any event, within five
(5) Business Days or as otherwise agreed in the sole discretion of the Administrative Agent) after such incurrence, to become party to a Guarantee Agreement as a Guarantor and the Parent Borrower shall (x) as and to the extent requested by
the Administrative Agent, deliver to the Administrative Agent the items referenced in Section 4.01(a)(iii), (iv) and (vi) with respect to each such Subsidiary, (y) as and to the extent requested by
the Administrative Agent, deliver to the Administrative Agent a favorable opinion of counsel, which counsel shall be reasonably acceptable to the Administrative Agent, addressed to the Administrative Agent and each Lender, as to such matters
concerning each such Subsidiary and the Loan Documents as the Administrative Agent may reasonably request and (z) provide the Administrative Agent with the U.S. taxpayer identification number for each such Domestic Subsidiary and the unique
identification number issued by its jurisdiction of organization for each such Foreign Subsidiary and all documentation and other information concerning each such Subsidiary that the Administrative Agent or any Lender requests in order to comply
with its obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the Patriot Act and the Beneficial Ownership Regulation; it being understood and agreed that any Real Property owned by
such Subsidiary shall cease to be a Qualified Asset in the event that the requirements set forth in this Section 8.10 (and all other applicable requirements under this Agreement) are not satisfied or waived. 

Section 8.11. Use of Proceeds and Letters of Credit. 

(a) Use the proceeds of the Loans and Letters of Credit solely for general corporate purposes of the Parent Borrower and its Subsidiaries
including to prepay indebtedness under the Existing Credit Agreement and for working capital and other lawful corporate purposes, in each case not in contravention of the Loan Documents or applicable law. 

  
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 (b) Notwithstanding the foregoing, no Borrower will request any Borrowing or Letter of
Credit, and no Borrower shall use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, directly or indirectly, the proceeds of any Borrowing or any Letter of Credit (i) in
furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws or Anti-Terrorism Laws, (ii) for the purpose of funding,
financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country or (iii) in any manner that would result in a violation by any individual or entity (including any individual or
entity participating in the transaction, whether as Lender, Bookrunner, Lead Arranger, Administrative Agent, Letter of Credit Issuer, or otherwise) of Sanctions. 

Section 8.12. Know Your Customer. Promptly following a request by the Administrative Agent, any Letter of Credit Issuer or any
Lender, provide all documentation and other reasonably available information that the Administrative Agent, such Letter of Credit Issuer or such Lender reasonably requests in order to comply with its ongoing obligations under applicable “know
your customer” and anti-money laundering rules and regulations, including the Patriot Act and the Beneficial Ownership Regulation. 

Section 8.13. Maintenance of REIT Status; Stock Exchange Listing; Further Assurances. 

(a) Cause the Company to continue to be treated as a REIT. 

(b) Cause the Company’s common Capital Stock to be listed and to remain listed on the New York Stock Exchange or the NASDAQ Stock Market.

 (c) Promptly upon reasonable request by the Administrative Agent, or any Lender through the Administrative Agent, (a) correct any
material defect or manifest error that may be discovered in any Loan Document, and (b) do, execute, acknowledge, deliver, record, and take any and all such further acts, certificates, assurances and other instruments as the Administrative
Agent, or any Lender through the Administrative Agent, may reasonably require from time to time in order to carry out more effectively the intention of the Loan Documents. 

Section 8.14. Approvals and Authorizations. Maintain all authorizations, consents, approvals and licenses from, exemptions of, and
filings and registrations with, each Governmental Authority of the jurisdiction in which each Foreign Obligor is organized and existing, and all approvals and consents of each other Person in such jurisdiction, in each case that are required in
connection with the Loan Documents. 
 Section 8.15. Payment of Obligations. Pay and discharge its material obligations,
including material Tax liabilities and all Indebtedness as and when due and payable, but subject to any subordination provisions contained in any instrument or agreement evidencing such Indebtedness, before the same shall become delinquent or in
default, except where (a) the validity or amount thereof is being contested in good faith by appropriate proceedings, (b) such Borrower or such Subsidiary has set aside on its books adequate reserves with respect thereto in
accordance with GAAP and (c) the failure to make payment pending such contest could not reasonably be expected to result in a Material Adverse Effect. 

  
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 ARTICLE IX 

NEGATIVE COVENANTS 
 Until
Payment in Full, the Parent Borrower and the Company shall not, and shall not permit any of their respective Subsidiaries to: 

Section 9.1. Financial Covenants. 

(a) Total Leverage Ratio. Permit the Total Leverage Ratio for any Reference Period to be greater than 60%; provided, that the
Parent Borrower may elect that such ratio be permitted to exceed 60% as of the last day of the four (4) consecutive fiscal quarters immediately following a Material Acquisition, but in no event shall the Total Leverage Ratio exceed 65% as of
the last day of any fiscal quarter. 
 (b) Secured Leverage Ratio. Permit the Secured Leverage Ratio for any Reference Period to be
greater than 40%; provided, that the Parent Borrower may elect that such ratio be permitted to exceed 40% as of the last day of the four (4) consecutive fiscal quarters immediately following a Material Acquisition, but in no event shall
the Secured Leverage Ratio exceed 45% as of the last day of any fiscal quarter. 
 (c) Fixed Charge Coverage Ratio. Permit the Fixed
Charge Coverage Ratio for any Reference Period to be less than 1.50:1.00. 
 (d) Unsecured Interest Coverage Ratio. Permit the
Unsecured Interest Coverage Ratio for any Reference Period to be less than 1.75 to 1.00. 
 (e) Unencumbered Leverage Ratio. Permit
the Unencumbered Leverage Ratio for any Reference Period to be greater than 60%; provided, that the Parent Borrower may elect that such ratio be permitted to exceed 60% as of the last day of the four (4) consecutive fiscal quarters
immediately following a Material Acquisition, but in no event shall the Unencumbered Leverage Ratio exceed 65% as of the last day of any fiscal quarter. 

Section 9.2. Indebtedness. Create, issue, incur, assume, become liable in respect of or suffer to exist any Indebtedness
(including any Capital Lease Obligations, securitizations and similar Indebtedness), unless (a) no Default or Event of Default shall have occurred and is continuing or would result therefrom and (b) after giving effect to the
incurrence of such Indebtedness on a Pro Forma Basis the Company and its Subsidiaries are in compliance with the Financial Covenants. 

Notwithstanding the foregoing, the Parent Borrower shall not permit any Qualified Asset Owner to create, issue, incur, assume, become liable
in respect of or suffer to exist any Indebtedness other than Pari Passu Obligations and the Obligations unless the Parent Borrower and such Qualified Asset Owner has complied with the requirements of Section 8.10. 

Section 9.3. Liens. Directly or indirectly, create, incur, assume or suffer to exist any Lien on: 

(a) any Qualified Asset, other than Permitted Encumbrances; 

  
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 (b) any Capital Stock of any Loan Party or any Qualified Asset Owner, other than Permitted
Equity Encumbrances; and 
 (c) any income or revenues from, or proceeds of, any of the foregoing; 

or sign, file or authorize under the Uniform Commercial Code of any jurisdiction a financing statement that includes in its collateral description any portion
of any Qualified Asset or the Capital Stock of any Loan Party or any Qualified Asset Owner, or any income or revenue from, or proceeds of, any of the foregoing. 

Section 9.4. Fundamental Changes. Enter into any merger, consolidation or amalgamation, or liquidate, wind up or dissolve itself
(or suffer any liquidation or dissolution), or reorganize itself, in the case of a Domestic Subsidiary, in any non-U.S. jurisdiction, and in the case of a Foreign Subsidiary, under the laws of any other non-U.S. jurisdiction, or Dispose (whether in one transaction or in a series of transactions and whether effected pursuant to a Division or otherwise) of all or substantially all of the property or business of the
Group Members, except that, if at the time thereof and immediately after giving effect thereto on a Pro Forma Basis (a) no Default or Event of Default shall have occurred and be continuing or would result therefrom immediately before and after
giving effect to such Disposition and (b) the Company and its Subsidiaries are in compliance with the Financial Covenants: 

(i) any Person may merge into the Parent Borrower in a transaction in which the Parent Borrower is the surviving Person, and
any Person other than the Company or the Parent Borrower may merge or amalgamate with or into a Designated Borrower in a transaction in which the Designated Borrower or a successor by amalgamation that becomes a Designated Borrower in accordance
with Section 2.18 upon such amalgamation, shall be the continuing or surviving entity; 
 (ii) any
Person other than the Parent Borrower may merge into the Company in a transaction in which the Company is the surviving entity; 

(iii) any Person other than a Borrower or the Company may merge or amalgamate with or into any Subsidiary in a transaction in
which the continuing or surviving entity is a Subsidiary; provided that if (A) only one of the parties to such merger or amalgamation is a Subsidiary Guarantor, the Subsidiary Guarantor or a successor by amalgamation that becomes the
Subsidiary Guarantor upon such amalgamation shall be the continuing or surviving entity (and, in the case where the other party to such merger or amalgamation is a Qualified Asset Owner, either the continuing or surviving entity shall be a Qualified
Asset Owner or successor by amalgamation that becomes the Qualified Asset Owner or all Qualified Assets owned or leased by such Qualified Asset Owner shall, contemporaneously with such merger cease to be included as Qualified Assets in any
calculations hereunder), and (B) if both parties to such merger or amalgamation are Subsidiary Guarantors and one of the parties thereto is a Qualified Asset Owner, either the Qualified Asset Owner or a successor by amalgamation that becomes
the Qualified Asset Owner shall be the continuing or surviving entity or all Qualified Assets owned or leased by such Qualified Asset Owner shall, contemporaneously with such merger, cease to be included as Qualified Assets in any calculations
hereunder; 

  
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 (iv) any Subsidiary may Dispose of its assets to the Parent Borrower or to
another Subsidiary; provided that if one of the parties to such transaction is a Loan Party, either (A) the Loan Party shall be the transferee or (B) the transaction is permitted by Section 9.12; and 

(v) any Subsidiary which is not a Loan Party or a Qualified Asset Owner may liquidate or dissolve if the Parent Borrower
determines in good faith that such liquidation or dissolution is in the best interests of the Borrowers. 
 Section 9.5. Restricted
Payments. Declare or pay any dividend on, or make any payment on account of, or set apart assets for a sinking or other analogous fund for, the purchase, redemption, defeasance, retirement, cancellation, termination or other acquisition of, any
Capital Stock of any Group Member, whether now or hereafter outstanding, or make any other distribution in respect thereof, whether in Cash or property or in obligations of any Group Member (collectively, “Restricted Payments”),
directly or indirectly, except that (i) the Parent Borrower may declare and pay dividends with respect to its Capital Stock payable solely in additional limited or general partnership interests, (ii) the Company may declare and pay
dividends with respect to its Capital Stock payable solely in additional common stock, (iii) Subsidiaries may declare and pay dividends ratably with respect to their Capital Stock, (iv) the Parent Borrower or any Subsidiary may make
Restricted Payments pursuant to and in accordance with stock option plans or other benefit plans for management or employees of the Parent Borrower and its Subsidiaries (including, without limitation, any Plans), (v) the Parent Borrower may make
Restricted Payments the proceeds of which will be used to pay tax liabilities of Americold Realty Operation, Inc., a Delaware corporation, to the extent (A) such payments are permitted under the Parent Borrower’s Governing Documents and
(B) such tax liability is attributable to Americold Realty Operation, Inc.’s ownership of Capital Stock of the Parent Borrower, (vi) the Parent Borrower and its Subsidiaries may (directly or indirectly, as the case may be) make
Restricted Payments to the Company; provided that (x) the Parent Borrower shall not make aggregate Restricted Payments to the Company that are attributable to any period of four consecutive fiscal quarters in excess of the greater of (A)
90% of Normalized Adjusted FFO for such period of four consecutive fiscal quarters (less any amounts used for Investments in Non-Qualified Asset Subsidiaries) and (B) the minimum amount required for the
Company to maintain its REIT status, comply with the minimum distribution requirement under Section 857(a) of the Code and avoid imposition on the Company of income and excise taxes under Sections 857 and 4981 of the Code and (y) if a
Default or an Event of Default (other than under Section 10.1(a) or (h)) has occurred and is continuing, the Parent Borrower may only make Restricted Payments to the Company in the minimum amounts required to be made by the
Company in order to maintain its status as a REIT; provided further, however, that the Parent Borrower may not make any Restricted Payments to the Company if a Default or Event of Default under Section 10.1(a) or
(h) has occurred and is continuing or all or any portion of the Obligations have been accelerated and (vii) the Company may make Restricted Payments with any amounts received by it from the Parent Borrower pursuant to clause
(vi) of this Section 9.5. 
 Section 9.6. Transactions with Affiliates. Enter into any transaction, including any
purchase, sale, lease or exchange of property, the rendering of any service or the payment of any management, advisory or similar fees, with any Affiliate, except: (a) arrangements in respect of shared services, joint procurement, corporate
expense allocation, information technology licensing 

  
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or in the ordinary course of business at prices and on terms and conditions not less favorable to the Company, the Parent Borrower or such Subsidiary than could be obtained on an arm’s-length basis from unrelated third parties; (b) transactions between or among (i) the Parent Borrower and any Subsidiaries (other than a Subsidiary Guarantor or a Qualified Asset Owner) so long
as such transaction, as of the date such transaction is consummated, would not have or would not reasonably be expected to have a Material Adverse Effect on the Borrowers and the Qualified Asset Owners (taken as a whole), (ii) the Parent Borrower
and any Designated Borrower, any Subsidiary Guarantor or any Qualified Asset Owner or (iii) Subsidiaries (other than Qualified Asset Owners), in each case not involving any other Affiliate; (c) the consummation of the Transactions and the
payment of the Transaction Costs, and as otherwise permitted by this Agreement (including with respect to any Restricted Payment permitted by Section 9.5); (d) as set forth on Schedule 9.6 or any amendment thereto to
the extent such amendment is not adverse, taken as a whole, to the Lenders in any material respect; (e) if approved by the governing body of such Person in accordance with applicable law, any indemnity provided for the benefit of directors of
such Person; (f) the payment of fees, expenses, compensation or employee benefit arrangements to managers, consultants, employees, officers and outside directors of such Person; (g) transactions between or among Group Members contemplated
by any CMBS Financing; and (h) transactions that are made on terms substantially as favorable to the Company or such Subsidiary as would be obtainable by the Company or such Subsidiary at the time in a comparable
arm’s-length transaction with a Person that is not an Affiliate. 
 Section 9.7.
Amendments to Governing Documents. Directly or indirectly, consent to, approve, authorize or otherwise suffer or permit any waiver, amendment, supplement, cancellation, termination or other modification of any Governing Document of the
Company, any Borrower, any Guarantor or any Qualified Asset Owner, in each case if such waiver, amendment, supplement, cancellation, termination or modification would reasonably be expected to (a) adversely affect any Loan Party’s ability
to repay the Obligations or (b) impair the rights or interests of the Administrative Agent or any Creditor Party hereunder or under any Loan Document. 

Section 9.8. No Further Negative Pledges. Directly or indirectly, enter into, incur or permit to exist any Contractual Obligation
(other than any Loan Document or any Permitted Pari Passu Provision) that prohibits, restricts or imposes any condition upon the ability of (a) any Borrower, any Qualified Asset Owner or any other Loan Party to create, incur or permit to exist any
Lien upon any of its property or assets (including the Capital Stock owned by such Borrower or such Loan Party), (b) any Borrower or Subsidiary to make Restricted Payments to the Parent Borrower or any other Loan Party or to make or repay loans or
advances to the Parent Borrower or any other Loan Party or to guarantee Indebtedness of the Parent Borrower or any other Loan Party or (c) any Borrower or any Subsidiary to otherwise transfer (including by way of a pledge) property to a
Borrower or a Loan Party; provided that (i) the foregoing shall not apply to restrictions and conditions imposed by Requirements of Law, (ii) the foregoing shall not apply to customary restrictions and conditions contained in agreements
relating to the sale of a Subsidiary pending such sale, provided such restrictions and conditions apply only to the Subsidiary that is to be sold and such sale is permitted hereunder, (iii) the foregoing shall not apply to restrictions or conditions
imposed by any agreement relating to Secured Indebtedness permitted by this Agreement if such restrictions or conditions apply only to the property or assets securing such Indebtedness (and, for the avoidance of doubt, such restrictions do not apply
to any Qualified Asset or to the Capital Stock of any Loan Party or any Qualified Asset Owner), (iv) [reserved], (v) the 

  
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foregoing shall not apply to restrictions or conditions in joint venture agreements and other similar agreements applicable to Joint Ventures that are applicable solely to such Joint Venture and
entered into in the ordinary course of business, (vi) the foregoing shall not apply to restrictions or conditions that are customary restrictions on leases, subleases, licenses or asset sale agreements otherwise permitted hereby so long as such
restrictions solely relate to the assets subject thereto, (vii) clause (a) of the foregoing shall not apply to customary restrictions or conditions restricting assignment of any agreement entered into in the ordinary course of business,
(viii) the foregoing shall not apply to provisions restricting the granting of a security interest in Intellectual Property contained in licenses or sublicenses by the Parent Borrower and its Subsidiaries of such Intellectual Property, which
licenses and sublicenses were entered into in the ordinary course of business (in which case such restriction shall relate only to such Intellectual Property), and (ix) the foregoing shall not apply to restrictions on cash or other deposits
imposed by customers under contracts entered into in the ordinary course of business. 
 Section 9.9. Use of Proceeds. Use the
proceeds of any Loan or Letter of Credit, whether directly or indirectly, and whether immediately, incidentally or ultimately, to purchase or carry margin stock (within the meaning of Regulation U of the FRB) or to extend credit to others for the
purpose of purchasing or carrying margin stock or to refund indebtedness originally incurred for such purpose. 
 Section 9.10.
Investments. Make or allow any Investment, unless immediately before and after giving effect to such Investment on a Pro Forma Basis, (i) no Default or Event of Default shall have occurred and be continuing or would result therefrom and
(ii) the Company and its Subsidiaries are in compliance with the Financial Covenants. 
 Section 9.11. Changes in Fiscal
Periods. (a) Permit the fiscal year of the Company or the Borrowers to end on a day other than December 31 or change the Company’s or the Borrowers’ method of determining fiscal quarters or (b) make any change in
accounting policies or reporting practices, except as required or permitted by GAAP. 
 Section 9.12. Asset Sales. Dispose of
any property or asset, including Capital Stock owned by it, unless immediately before and after giving effect to such Disposition on a Pro Forma Basis (a) no Default or Event of Default shall have occurred and be continuing or would result from such
Disposition, (b) the Company and its Subsidiaries are in compliance with the Financial Covenants and (c) if any Subsidiary Guarantor consummates a Division, the Parent Borrower shall cause each Division Successor to comply with any
applicable obligations under Section 8.10. 
 Section 9.13. Environmental Matters. (a) Use, or
permit any other Person to use, any of the Properties or any portion thereof as a facility for the handling, processing, storage or disposal of Materials of Environmental Concern in amounts or concentrations or under circumstances that constitute a
violation of Environmental Law or would reasonably be expected to result in any Environmental Liability where any such use, conduct or other activity has not had and could not reasonably be expected to have a Material Adverse Effect or
(b) conduct, or permit any other Person to conduct, any activity at any of its Properties or use any of its Properties in any manner that could reasonably be contemplated to cause a Release of Materials of Environmental Concern on, upon or into
such Property, or any other location, that would reasonably be expected to result in any Environmental Liability, in each case except, with respect to any Property that is not a Qualified Asset, where any such use, conduct or other activity has not
had and could not reasonably be expected to have a Material Adverse Effect. 

  
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 Section 9.14. Sanctions; Anti-Corruption; Anti-Money Laundering. 

(a) Directly or indirectly, use the proceeds of any Borrowing or Letter of Credit, or lend, contribute or otherwise make available such
proceeds to any Subsidiary, joint venture partner or other individual or entity, to fund, finance or facilitate any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, or in any other manner that would
result in a violation by any individual or entity (including any individual or entity participating in the transaction, whether as Lender, Bookrunner, Lead Arranger, Administrative Agent, Letter of Credit Issuer, or otherwise) of Sanctions. 

(b) Directly or indirectly, use the proceeds of any Borrowing or any Letter of Credit in furtherance of an offer, payment, promise to pay, or
authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws or Anti-Terrorism Laws. 

(c) Directly or indirectly engage in any transaction, investment, undertaking or activity that conceals the identity, source or destination of
the proceeds from any category of offenses designated in any applicable Law, regulation or other binding measure implementing the “Forty Recommendations” and “Nine Special Recommendations” published by the Organisation for
Economic Cooperation and Development’s Financial Action Task Force on Money Laundering or violate these laws or any other applicable anti-money laundering law or engage in these actions. 

Section 9.15. Change in Nature of Business. Engage in any material line of business substantially different from those lines of
business conducted by the Loan Parties and their Subsidiaries on the Closing Date or other business activities which are extensions thereof or otherwise incidental, reasonably related or ancillary thereto. 

ARTICLE X 
 EVENTS OF
DEFAULT 
 Section 10.1. Events of Default. If any of the following events shall occur and be continuing: 

(a) (i) the Borrowers or any other Loan Party shall fail to pay any principal of any Loan or any Unpaid Drawing, including any L/C
Borrowing, when due in accordance with the terms hereof and in the currency required hereunder; or (ii) the Borrowers or any other Loan Party shall fail to pay any interest on any Loan, any fee or any other amount payable hereunder or under any
other Loan Document within five (5) Business Days after any such interest on any Loan, fee or other amount payable hereunder or under any other Loan Document becomes due in accordance with the terms hereof; or 

(b) any representation, warranty, certification or statement of fact made or deemed made by or on behalf of any Loan Party herein or in any
other Loan Document or that is contained in any certificate or other document furnished by it at any time under or in connection with this Agreement or any such other Loan Document shall prove to have been inaccurate or misleading in any material
respect on or as of the date made or deemed made (or, to the extent qualified by materiality, shall be inaccurate or misleading in any respect after giving effect to such qualification when made or deemed made); or 

  
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 (c) the Company or any Loan Party shall default in the observance or performance of any
agreement contained in (i) Section 8.1(a) or (b), Section 8.2(a)(1)(x), Section 8.2(c), Section 8.5(a)(i) (solely with respect to the existence of the
Company, any Borrower, any Qualified Asset Owner, or any Guarantor), Section 8.8, Section 8.10, or Section 8.13 or Article IX or Article XIII of this
Agreement or any Guarantor fails to perform or observe any term, covenant or agreement contained in the Guarantee Agreement, (ii) Section 8.6(b) and such default shall continue unremedied for a period of 10 days or (iii)
Section 8.2(a) (not specified in clause (i) above) and such default shall continue unremedied for a period of 15 days; or 

(d) [intentionally omitted]; or 

(e) any Group Member shall default in the observance or performance of any agreement contained in Section 8.11; 

(f) any Loan Party shall default in the observance or performance of any other agreement contained in this Agreement or any other Loan Document
(other than as provided in paragraphs (a) through (e) above), and such default shall continue unremedied for a period of 30 days after the earlier of (i) the date upon which an officer of the Company or any Borrower obtains knowledge of
such default or (ii) the date upon which the Parent Borrower has received written notice of such default from the Administrative Agent or the Required Lenders; 

(g) any Group Member shall (i) default in making any payment when due, after the expiration of any applicable grace or cure periods
(whether by scheduled maturity, required prepayment, acceleration, demand or otherwise) in respect of any Indebtedness (excluding any Indebtedness hereunder and any Non-Recourse Indebtedness) having an
aggregate principal amount (including undrawn committed or available amounts and including amounts owing to all creditors under any combined or syndicated credit arrangement) of (or, with respect to any Swap Agreements, a Swap Termination Value of)
more than $75,000,000; or (ii) default in the observance or performance of any other agreement or condition relating to any such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other
event shall occur or condition exist, the effect of which default or other event or condition is to cause, or to permit the holder or beneficiary of such Indebtedness (or a trustee or agent on behalf of such holder or beneficiary) or, in the case of
a Swap Agreement, the applicable counterparty, to cause, with the giving of notice if required, such Indebtedness to be demanded or to become due (or to be terminated) or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise),
or an offer to repurchase, prepay, defease or redeem such Indebtedness to be made, prior to its stated maturity or, in the case of any such Indebtedness constituting a Guarantee Obligation, to become payable or cash collateral in respect thereof to
be demanded, or, in the case of a Swap Agreement, to cause the termination thereof or an Early Termination Date (as defined in such Swap Agreement) results therefrom; provided that clauses (i) (other than in the case of clause
(x) below) and (ii) shall not apply to (x) Secured Indebtedness that becomes due as a result of the Disposition or transfer of the property or assets securing such Indebtedness, if such Disposition or transfer is permitted
hereunder and under the documents providing for such Indebtedness and (y) Indebtedness that is convertible into Capital Stock and has been converted to Capital Stock in accordance with its terms and such conversion is not prohibited hereunder;
or 

  
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 (h) (i) any Group Member shall commence or consent to the institution of any case,
proceeding or other action (A) under any Debtor Relief Law, 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, administration,
winding-up, liquidation, dissolution, composition or other relief with respect to it or its debts, or (B) seeking appointment of a receiver, trustee, custodian, conservator, liquidator, rehabilitator,
Controller, administrator or other similar official for it or for all or any material part of its property; or (ii) there shall be commenced against any Group Member any case, proceeding or other action of a nature referred to in clause
(i) above that (A) results in the entry of an order for relief or any such adjudication or appointment or (B) remains undismissed, unstayed or undischarged for a period of 60 days; or (iii) there shall be commenced against
any Group Member any case, proceeding or other action seeking issuance of a writ or warrant of attachment, execution, distraint or similar process against all or any material party of its property that results in the entry of an order for any such
relief that shall not have been released, vacated, discharged, or stayed or fully bonded pending appeal within 60 days from the entry thereof; or (iv) any Group Member shall become unable or admit in writing its inability or fails generally to
pay its debts as they become due (or, in respect of any Group Member organized and existing under the laws of Australia (or any of its jurisdictions), is presumed under the Australian Corporations Act to be unable to pay its debts as they become due
and payable whether at stated maturity or otherwise); or (v) any Group Member shall make a general assignment for the benefit of its creditors; or (vi) any Group Member incorporated in New Zealand shall be made subject to statutory
management; or 
 (i) an ERISA Event shall have occurred that, when taken together with all other ERISA Events that have occurred, could
reasonably be expected to result in (i) a Material Adverse Effect or (ii) liability to any Group Member in an aggregate amount exceeding $50,000,000; or 

(j) (i) one or more judgments or decrees shall be entered against any Group Member involving in the aggregate a liability (to the extent
not covered by insurance or third-party indemnities as to which the relevant insurance company or third party has not denied coverage) of $75,000,000 or more or (ii) one or more non-monetary final
judgments or decrees shall be entered against any Group Member that have, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and, in either case, (x) enforcement proceedings are commenced by any
creditor upon such judgment or decree, or (y) there is a period of 30 consecutive days during which such judgment or decree is not vacated, discharged, stayed or bonded pending appeal; or 

(k) any provision of any Loan Document, including the Guarantee Obligations contained in the Guarantee Agreement or in this Agreement, at any
time after its execution and delivery and for any reason other than as expressly permitted hereunder or thereunder or satisfaction in full of all the Obligations, ceases to be in full force and effect; any Loan Party or any of their respective
Subsidiaries or Affiliates contests in any manner the validity or enforceability of any provision of any Loan Document; or any Loan Party denies that it has any or further liability or obligation under any Loan Document, or purports to revoke,
terminate or rescind any provision of any Loan Document; or 

  
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 (l) a Change of Control; 

then, and in any such event, (A) if such event is an Event of Default specified in clause (i) or (ii) of paragraph
(h) above with respect to the Company or the Parent Borrower, the Commitments shall automatically terminate and the Loans (with accrued interest thereon) and all other amounts owing under this Agreement and the other Loan Documents shall
immediately and automatically become due and payable and the deposit of cash collateral in respect of Letter of Credit Exposure in accordance with Section 3.8 shall immediately and automatically become due, or (B) if
such event is any other Event of Default, the Administrative Agent shall at the request of, or may, with the consent of, the Required Lenders, take any or all of the following actions: (i) declare the commitment of each Lender to make Loans and
any obligation of the Letter of Credit Issuers to make L/C Credit Extensions to be terminated forthwith, whereupon such commitments and obligations shall immediately terminate; (ii) declare the Loans (with accrued interest thereon) and all
other amounts owing under this Agreement and the other Loan Documents to be due and payable forthwith, whereupon the same shall immediately become due and payable; (iii) require all Loans denominated in an Alternative Currency to be immediately
redenominated into Dollars in the amount of the Dollar Equivalent thereof; (iv) require the deposit of cash collateral in respect of Letter of Credit Exposure in accordance with Section 3.8 and (v) exercise on
behalf of itself, the Lenders and the Letter of Credit Issuers all rights and remedies available to it, the Lenders and the Letter of Credit Issuers under the Loan Documents Except as expressly provided above in this Section, presentment, demand,
protest and all other notices of any kind are hereby expressly waived by each Borrower, the Company and each other Loan Party. 

Section 10.2. Application of Funds. After the exercise of remedies provided for in Section 10.1 (or
after the Loans have automatically become immediately due and payable and the L/C Obligations have automatically been required to be Cash Collateralized as set forth in Section 10.1), any amounts received on account of the
Obligations shall, subject to the provisions of Sections 2.16 and 3.8, be applied by the Administrative Agent in the following order. 

First, to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (including fees,
charges and disbursements of counsel to the Administrative Agent and amounts payable under Sections 2.10, 2.11, 3.5 or 5.4) payable to the Administrative Agent in its capacity as such; 

Second, to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal, interest
and Letter of Credit Fees) payable to the Lenders and the Letter of Credit Issuers (including fees, charges and disbursements of counsel to the respective Lenders and the Letter of Credit Issuers arising under the Loan Documents and amounts payable
under Sections 2.10, 2.11, 3.5 or 5.4, ratably among them in proportion to the respective amounts described in this clause Second payable to them; 

Third, to payment of that portion of the Obligations constituting accrued and unpaid Letter of Credit Fees and interest on the Loans,
L/C Borrowings and other Obligations arising under the Loan Documents, ratably among the Lenders and the Letter of Credit Issuers in proportion to the respective amounts described in this clause Third payable to them; 

  
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 Fourth, to (a) payment of that portion of the Obligations constituting unpaid
principal of the Loans, L/C Borrowings and Obligations then owing under Specified Swap Agreements and Specified Cash Management Agreements, ratably among the Lenders, the Letter of Credit Issuers, the Qualified Counterparties and the Cash Management
Banks in proportion to the respective amounts described in this clause (a) and (b) to the Administrative Agent for the account of the Letter of Credit Issuers, to Cash Collateralize that portion of L/C Obligations comprised of the aggregate
undrawn amount of Letters of Credit issued by such Letter of Credit Issuer to the extent not otherwise Cash Collateralized by the Parent Borrower pursuant to Section 3.8, ratably in proportion to the respective amounts
described in this clause Fourth held by them; and 
 Last, the balance, if any, after all of the Obligations have been
indefeasibly paid in full, to the Parent Borrower or as otherwise required by law. 
 Subject to Section 3.8, amounts used to Cash
Collateralize the aggregate undrawn amount of Letters of Credit pursuant to clause Fifth above shall be applied to satisfy drawings under such Letters of Credit as they occur. If any amount remains on deposit as Cash Collateral after all
Letters of Credit have either been fully drawn or expired, such remaining amount shall be applied to the other Obligations, if any, in the order set forth above. 

Notwithstanding the foregoing, Obligations arising under Specified Cash Management Agreements and Specified Swap Agreements shall be excluded from the
application described above if the Administrative Agent has not received written notice thereof, together with such supporting documentation as the Administrative Agent may request, from the applicable Cash Management Bank or Qualified Counterparty,
as the case may be. Each Cash Management Bank or Qualified Counterparty not a party to the Credit Agreement that has given the notice contemplated by the preceding sentence shall, by such notice, be deemed to have acknowledged and accepted the
appointment of the Administrative Agent pursuant to the terms of Article XI hereof for itself and its Affiliates as if a “Lender” party hereto. 

ARTICLE XI 
 THE AGENTS

 Section 11.1. Appointment. 

Each Lender and each Letter of Credit Issuer hereby irrevocably designates and appoints Bank of America to act on its behalf as the
Administrative Agent under this Agreement and the other Loan Documents, and each such Lender and each such Letter of Credit Issuer irrevocably authorizes the Administrative Agent, in such capacity, 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 Administrative 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 Administrative Agent shall not have any duties or responsibilities, except those expressly set forth herein, or any
fiduciary relationship with any Lender or any Letter of Credit Issuer, 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 Administrative Agent. The provisions of this Article XI (except for Section 11.9) are solely for the benefit of the Agents, 

  
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the Lenders and the Letter of Credit Issuers, and neither the Company nor any other Loan Party shall have any rights as a third party beneficiary of any of the provisions thereof. It is
understood and agreed that the use of the term “agent” herein or in any other Loan Documents (or any other similar term) with reference to the Administrative Agent is not intended to connote any fiduciary or other implied (or express)
obligations arising under agency doctrine of any applicable law. Instead such term is used as a matter of market custom, and is intended to create or reflect only an administrative relationship between contracting parties. 

Section 11.2. Delegation of Duties. The Administrative Agent may perform any and all of its duties and exercise its rights
and powers hereunder or under any other Loan Document by or through any one or more sub-agents appointed by the Administrative Agent and shall be entitled to advice of counsel concerning all matters pertaining
to such duties. The Administrative Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory
provisions of this Article shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their
respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as Administrative Agent. The Administrative Agent shall not be responsible for the negligence or misconduct of any sub-agents except to the extent that a court of competent jurisdiction determines in a final and nonappealable judgment that the Administrative Agent acted with gross negligence or willful misconduct in the
selection of such sub-agents. 
 Section 11.3. Exculpatory Provisions. The
Administrative Agent shall not have any duties or obligations except those expressly set forth herein and in the other Loan Documents, and its duties hereunder shall be administrative in nature. Without limiting the generality of the foregoing, the
Administrative Agent: 
 (a) shall not be subject to any fiduciary or other implied duties, regardless of whether a Default or an Event of
Default has occurred and is continuing; 
 (b) shall not have any duty to take any discretionary action or exercise any discretionary powers,
except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise as directed in writing by the Required Lenders (or such other number or percentage of the
Lenders as shall be expressly provided for herein or in the other Loan Documents), provided that the Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the
Administrative Agent to liability or that is contrary to any Loan Document or applicable law, including for the avoidance of doubt any action that may be in violation of the automatic stay under any Debtor Relief Law or that may effect a forfeiture,
modification or termination of property of a Defaulting Lender in violation of any Debtor Relief Law; and 
 (c) shall not, except as
expressly set forth herein and in the other Loan Documents, have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to any Loan Party or any of their respective Affiliates that is communicated to or
obtained by the Person serving as the Administrative Agent or any of its Affiliates in any capacity. 

  
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 Neither any Agent nor any of their respective officers, directors, employees, agents,
advisors, attorneys-in-fact or Affiliates shall be liable for any action taken or not taken by it (i) with the consent or at the request of the Required Lenders (or
such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be necessary, under the circumstances as provided in Sections 12.1 and 10.1) or (ii) in the
absence of its own gross negligence or willful misconduct, as determined by a court of competent jurisdiction by a final and nonappealable judgment. 

Neither any Agent nor any of their respective officers, directors, employees, agents, advisors, attorneys-in-fact or Affiliates shall be responsible for or have any duty to ascertain or inquire into (i) any recital, statement, warranty or representation made in or in connection with this Agreement
or any other Loan Document, (ii) the contents of any certificate, report, statement or other document referred to, provided for herein or therein, delivered hereunder or thereunder or in connection herewith or therewith, (iii) the
performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the value, validity, enforceability, effectiveness, genuineness or sufficiency of this
Agreement, any other Loan Document or any other agreement, instrument or document, any failure of any Loan Party a party thereto to perform its obligations hereunder or thereunder, or (v) as to the observance or performance of any of the
agreements contained in, or the satisfaction of any condition set forth in Article VII or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent this Agreement or any other Loan
Document, or to inspect the properties, books or records of any Loan Party. 
 Section 11.4. Reliance by Agent. The
Administrative Agent shall be entitled to rely, and shall be fully protected in, and shall not incur any liability for, relying, upon any instrument, writing, resolution, notice, consent, certificate, affidavit, letter, telecopy or email message,
statement, order or other document or other writing (including any electronic message, Internet or intranet website posting or other distribution) or conversation 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 counsel to any Loan Party), independent accountants and other experts selected by the Administrative Agent. The Administrative Agent also may rely upon any statement
made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of a Loan, or the issuance,
extension, renewal or increase of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or a Letter of Credit Issuer, the Administrative Agent may presume that such condition is satisfactory to such Lender or such
Letter of Credit Issuer unless the Administrative Agent shall have received notice to the contrary from such Lender or such Letter of Credit Issuer prior to the making of such Loan or the issuance of such Letter of Credit. The Administrative 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 Administrative Agent. The Administrative 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 Required Lenders (or such other number or percentage of the Lenders as shall be
necessary, or as the Administrative Agent shall believe in good faith to be necessary, under the circumstances as provided in this Agreement or the other Loan Documents) as it deems appropriate or it shall first be indemnified to its satisfaction by
the Lenders against any and all liability and expense that 

  
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may be incurred by it by reason of taking or continuing to take any such action. The Administrative 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 Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith to be necessary, under
the circumstances as provided in this Agreement or the other Loan Documents), and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders, all the Letter of Credit Issuers and all future holders of
the Loans and the L/C Participations. 
 Section 11.5. Notice of Default. The Administrative Agent shall be deemed not to have
knowledge or notice of the occurrence of any Default or Event of Default unless the Administrative Agent has received notice from a Lender, a Letter of Credit Issuer or a Loan Party referring to this Agreement, describing such Default or Event of
Default and stating that such notice is a “notice of default”. In the event that the Administrative Agent receives such a notice, the Administrative Agent shall give notice thereof to the Lenders and the Letter of Credit Issuers. The
Administrative Agent shall take such action with respect to such Default or Event of Default as shall be reasonably directed by the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative
Agent shall believe in good faith to be necessary, under the circumstances as provided in this Agreement or the other Loan Documents); provided that unless and until the Administrative Agent shall have received such directions, the
Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable in the best interests of the Lenders and the Letter of Credit
Issuers. 
 Section 11.6. Non-Reliance on Agents and Other Lenders. Each Lender and each
Letter of Credit Issuer expressly acknowledges that neither the Agents nor any of their respective officers, directors, employees, agents, advisors, attorneys-in-fact or
affiliates have made any representations or warranties to it and that no act by any Agent hereafter taken, including any review of the affairs of a Loan Party or any Affiliate of a Loan Party, shall be deemed to constitute any representation or
warranty by any Agent to any Lender or any Letter of Credit Issuer. Each Lender and each Letter of Credit Issuer represents to the Agents that it has, independently and without reliance upon any Agent or any other Lender or Letter of Credit Issuer,
or upon any of the Related Parties of any of the foregoing, 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 Loan Parties and their Affiliates and made its own decision to make its extensions of credit hereunder and enter into this Agreement. Each Lender and each Letter of Credit Issuer also represents that it will,
independently and without reliance upon any Agent or any other Lender or Letter of Credit Issuer, or upon any of the Related Parties of any of the foregoing, 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 Loan Parties and their Affiliates. Except for notices, reports and other documents expressly required to be furnished to the Lenders and the Letter of Credit Issuers by
the Administrative Agent hereunder, the Administrative Agent shall not have any duty or responsibility to provide any Lender or Letter of Credit Issuer with any credit or other information concerning the business, operations, property, condition
(financial or otherwise), prospects or creditworthiness of any Loan Party or any affiliate of a Loan Party that may come into the possession of the Administrative Agent or any of its officers, directors, employees, agents, advisors, attorneys-in-fact or Affiliates. 

  
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 Section 11.7. Indemnification. The Lenders agree to indemnify the Administrative
Agent (or any sub-agent thereof), each other Agent, each Letter of Credit Issuer and each Related Party of any of the foregoing (each, an “Agent Indemnitee”) (to the extent not reimbursed by the Borrowers and without limiting the
obligation of the Borrowers to do so), ratably according to their respective pro rata share (as defined below) in effect on the date on which indemnification is sought under this Section, from and against any and all liabilities, obligations,
losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind whatsoever that may at any time (whether before or after the payment of the Loans) be imposed on, incurred by or asserted against such Agent
Indemnitee in any way relating to or arising out of, the Commitments, the Loans, the Letters of Credit, 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 such Agent Indemnitee 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 that are found by a final and nonappealable decision of a court of competent jurisdiction to have resulted from such Agent Indemnitee’s gross negligence,
willful misconduct, bad faith or fraud; provided further, with respect to such unpaid amounts owed to any Letter of Credit Issuer in its capacity as such, or to any Related Party of any of Letter of Credit Issuer acting for such Letter
of Credit Issuer in connection with such capacity, only the Revolving Credit Lenders shall be required to pay such unpaid amounts. For purposes of this Section, a Lender’s “pro rata share” shall be determined based upon its share of
the sum of the total Revolving Credit Exposures, unused Revolving Credit Commitments and, except for purposes of the second proviso of the immediately preceding sentence, the outstanding Term Loans and unused Term Commitments, in each case at that
time. If any indemnity furnished to any Agent Indemnitee for any purpose shall, in the opinion of such Agent Indemnitee, be insufficient or become impaired, such Agent Indemnitee may call for additional indemnity and cease, or not commence, to do
the acts indemnified against until such additional indemnity is furnished; provided that in no event shall this sentence require any Lender to indemnify any Agent Indemnitee against any liability, obligation, loss, damage, penalty, action,
judgment, suit, cost, expense or disbursement in excess of such Lender’s pro rata share (as defined below) thereof in effect on the date on which indemnification is sought under this Section; and provided further, this sentence
shall not be deemed to require any Lender to indemnify any Agent Indemnitee against any liability, obligation, loss, damage, penalty, action, judgment, suit, cost, expense or disbursement described in the proviso in the immediately preceding
sentence. The agreements in this Section shall survive the termination of this Agreement and the Commitments and the payment of the Loans and all other amounts payable hereunder. 

Section 11.8. Agent in Its Individual Capacity. Each Agent and its affiliates may make loans to, accept deposits from, own
securities of, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with any Loan Party or any Subsidiary or other Affiliate thereof as though such Agent were not an Agent and without any
duty to account therefor to the Lenders. Each Agent shall have the same rights and powers in its capacity as a Lender or Letter of Credit Issuer under this Agreement and the other Loan Documents 

  
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as any Lender or Letter of Credit Issuer, as applicable, and may exercise the same as though it were not an Agent, and the terms “Lender” and “Lenders”, and the terms
“Letter of Credit Issuer” and “Letter of Credit Issuers”, shall, unless otherwise expressly indicated or unless the context otherwise requires, include each Agent in its individual capacity as such. 

Section 11.9. Successor Agent. The Administrative Agent may resign as the Administrative Agent upon notice to the Lenders, the
Letter of Credit Issuers and the Parent Borrower. If the Administrative Agent shall resign as the Administrative Agent under this Agreement and the other Loan Documents, then upon any such resignation, the Required Lenders shall have the right to
appoint a successor, which successor agent shall (unless an Event of Default under Section 10.1(a) or (h) with respect to any of the Borrowers shall have occurred and be continuing) be subject to approval by the Parent
Borrower (which approval shall not be unreasonably withheld or delayed). If no successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within thirty (30) days after the retiring Administrative
Agent gives notice of its resignation (or such earlier day as shall be agreed by the Required Lenders, the “Resignation Effective Date”), then the retiring Administrative Agent may (but shall not be obligated to), on behalf of the
Lenders, appoint a successor Administrative Agent which shall be a bank with an office in New York, New York, or an Affiliate of any such bank, which successor agent shall (unless (i) an Event of Default under Section 10.1(a)
or (h) with respect to the Parent Borrower shall have occurred and be continuing or (ii) such successor agent is a Lender) be subject to approval by the Parent Borrower (which approval shall not be unreasonably withheld or delayed
by the Parent Borrower). If no successor agent has accepted appointment as the Administrative Agent by the Resignation Effective Date, the retiring Administrative Agent’s resignation shall nevertheless thereupon become effective, and the
Required Lenders shall assume and perform all of the duties of the Administrative Agent hereunder until such time, if any, as a successor agent is appointed as provided for above. With effect from the Resignation Effective Date (1) the retiring
Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the case of any collateral security held by the Administrative Agent on behalf of the Lenders or the Letter of
Credit Issuers under any of the Loan Documents, the retiring Administrative Agent shall continue to hold such collateral security until such time as a successor Administrative Agent is appointed) and (2) except for any indemnity payments or
other amounts then owed to the retiring Administrative Agent, all payments, communications and determinations provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender and each Letter of Credit Issuer
directly, until such time, if any, as the Required Lenders appoint a successor Administrative Agent as provided for above. Upon the acceptance of its appointment as the Administrative Agent hereunder by a successor, such successor shall succeed to
and become vested with all the rights, powers, privileges and duties of the retiring Administrative Agent (other than as provided in Section 5.4(i) and other than any rights to indemnity payments or other amounts owed to the retiring
Administrative Agent as of the Resignation Effective Date), the term “Administrative Agent” shall mean such successor agent, and the retiring Administrative Agent shall be discharged from its duties and obligations hereunder or under the
other Loan Documents (if not already discharged therefrom as provided above in this Section), without any other or further act or deed on the part of such former Administrative Agent or any of the parties to this Agreement or any holders of the
Loans. The fees payable by the Parent Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Parent Borrower and such successor. After the Administrative Agent’s
resignation 

  
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hereunder, the provisions of this Article and Section 11.5 shall continue in effect for the benefit of such retiring Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them (i) while the retiring Administrative Agent was acting as the Administrative Agent and
(ii) after such resignation for as long as any of them continues to act in any capacity hereunder or under the other Loan Documents, including (a) acting as collateral agent or otherwise holding any collateral security on behalf of any of
the Lenders and (b) in respect of any actions taken in connection with transferring the agency to any successor Administrative Agent. 

Section 11.10. Bookrunners; Lead Arrangers; Syndication Agents; Documentation Agents. Anything herein to the contrary
notwithstanding, none of the Bookrunners, Lead Arrangers, Syndication Agents or Documentation Agents shall have any duties, responsibilities, obligations, liabilities, powers or rights hereunder or under any of the other Loan Documents in its
capacity as such. 
 Section 11.11. Agents May File Proofs of Claim. In case of the pendency of any proceeding under any
Debtor Relief Law or any other judicial proceeding relative to any Loan Party, the Administrative Agent (irrespective of whether the principal of any Loan or L/C Obligation shall then be due and payable as herein expressed or by declaration or
otherwise and irrespective of whether the Administrative Agent shall have made any demand on any Loan Party) shall be entitled and empowered, by intervention in such proceeding or otherwise: 

(a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, L/C Obligations and
all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders, the Letter of Credit Issuers and the Administrative Agent (including any claim for the
reasonable compensation, expenses, disbursements and advances of the Lenders, the Letter of Credit Issuers and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders, the Letter of Credit Issuers and
the Administrative Agent under any Loan Document) allowed in such judicial proceeding; and 
 (b) to collect and receive any monies or other
property payable or deliverable on any such claims and to distribute the same; 
 and any custodian, receiver, assignee, trustee, liquidator, sequestrator,
Controller, administrator or other similar official in any such judicial proceeding is hereby authorized by each Lender, each Letter of Credit Issuer and each other Creditor Party to make such payments to the Administrative Agent and, in the event
that the Administrative Agent shall consent to the making of such payments directly to the Lenders, the Letter of Credit Issuers or the other Creditor Parties, to pay to the Administrative Agent any amount due for the reasonable compensation,
expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under this Agreement or any other Loan Document. 

Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any
Lender or any Letter of Credit Issuer any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or any Letter of Credit Issuer to authorize the Administrative Agent to vote in respect of
the claim of any Lender or any Letter of Credit Issuer in any such proceeding. 

  
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 Section 11.12. Guaranty Matters. Subject to
Section 12.1, without further written consent or authorization from any Creditor Party, the Administrative Agent may execute any documents or instruments necessary to release any Subsidiary Guarantor from its Guarantee
Obligations in respect of the Obligations under the Loan Documents if such Person ceases to be a Subsidiary (or ceases to be obligated to guarantee the Obligations). The execution and delivery of any such documents shall be without recourse to, or
representation or warranty by, the Administrative Agent. 
 Upon request by the Administrative Agent at any time, the Required Lenders will
confirm in writing the Administrative Agent’s authority to release any Subsidiary Guarantor from its Guarantee Obligations in respect of the Obligations under the Loan Documents pursuant to this Section 11.12. 

Anything contained in any of the Loan Documents to the contrary notwithstanding, the Parent Borrower, the Administrative Agent, and each
Creditor Party hereby agree that except with respect to the set off rights of any Lender set forth in Section 12.7 or with respect to a Creditor Party’s right to file a proof of claim in an insolvency proceeding, no
Creditor Party shall have any right individually to enforce any Guarantee Obligations, it being understood and agreed that all powers, rights, and remedies under the Loan Documents may be exercised solely by the Administrative Agent on behalf of the
Creditor Parties, in accordance with the terms hereof and thereof. 
 In furtherance of the foregoing and not in limitation thereof, no
Specified Cash Management Agreement or Specified Swap Agreement will create (or be deemed to create) in favor of any Creditor Party that is a party thereto any rights in connection with the management or release of the obligations of any Loan Party
under this Agreement or any other Loan Document. By accepting the benefits of the Guarantee, each Creditor Party that is a party to any such Specified Cash Management Agreement or Specified Swap Agreement shall be deemed to have appointed the
Administrative Agent to serve as administrative agent under the Loan Documents and agreed to be bound by the Loan Documents as a Creditor Party thereunder, subject to the limitations set forth in this paragraph. No Creditor Party that is a party to
any such Specified Cash Management Agreement or Specified Swap Agreement that obtains the benefits of any Guarantee Obligation by virtue of the provisions hereof or of any other Loan Document shall have any right to notice of any action or to
consent to, direct or object to any action hereunder or under any other Loan Document other than in its capacity as a Lender, Letter of Credit Issuer or Agent and, in such case, only to the extent expressly provided in the Loan Documents.
Notwithstanding any other provision of this Article XI to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Obligations arising under
Specified Cash Management Agreements and Specified Swap Agreements. 
 Section 11.13. Certain ERISA Matters. (a) Each Lender (x)
represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the
Administrative Agent, the Bookrunners and the Lead Arrangers and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of any Borrower or any other Loan Party, that at least one of the following is and will be true:

  
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 (i) Such Lender is not using “plan assets” (within the meaning of
29 CFR § 2510.3-101, as modified by Section 3(42) of ERISA) of one or more Benefit Plans in connection with the Loans, the Letters of Credit or the Commitments, 

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

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

(iv) such other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole
discretion, and such Lender. 
 (b) In addition, unless either (1) sub-clause (i) in the
immediately preceding clause (a) is true with respect to a Lender or (2) a Lender has provided another representation, warranty and covenant in accordance with sub-clause (iv) in the
immediately preceding clause (a), such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date
such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent, the Bookrunners and the Lead Arrangers and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of any Borrower or any
other Loan Party, that none of the Administrative Agent, any Bookrunner or any Lead Arranger or any of their respective Affiliates is a fiduciary with respect to the assets of such Lender involved in the Loans, the Letters of Credit, the Commitments
and this Agreement (including in connection with the reservation or exercise of any rights by the Administrative Agent under this Agreement, any Loan Document or any documents related to hereto or thereto). 

  
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 ARTICLE XII 

MISCELLANEOUS 

Section 12.1. Amendments and Waivers. 

(a) Subject to Section 2.9 and Section 12.1(b), and except as otherwise expressly provided
herein, no amendment or waiver of any provision of this Agreement or any other Loan Document, and no consent to any departure by any Borrower or any other Loan Party therefrom, shall be effective unless in writing signed by the Required Lenders and
the Parent Borrower or the applicable Loan Party, as the case may be, and acknowledged by the Administrative Agent, and each such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given;
provided, however, that no such amendment, waiver or consent shall: 
 (i) waive any condition set forth in
Section 7.1 without the written consent of each Lender; 
 (ii) without limiting the generality of
clause (i) above, waive any condition set forth in Section 7.2 as to any Dollar Tranche Loan or any Letter of Credit without the written consent of the Required Tranche Lenders, any Alternative Currency Tranche Loan
without the written consent of the Required Tranche Lenders, any Term A-1 Loan without the written consent of the Required Term A-1 Lenders or any Term A-2 Loan without the written consent of the Required Term A-2 Lenders; 

(iii) extend (except as provided in Section 2.17) or increase the Commitment of any Lender (or
reinstate any Commitment terminated pursuant to Section 10.1) without the written consent of such Lender; 

(iv) forgive or otherwise reduce the principal amount or extend the final scheduled date of maturity of any Loan or Unpaid
Drawings, reduce the stated rate of any interest or (subject to clause (4) of the second proviso to this Section 12.1) fee payable hereunder (except in connection with the waiver of applicability of any
post-default increase in interest rates (which waiver shall be effective with the consent of the Required Lenders)) or extend the scheduled date of any payment thereof, or postpone the scheduled date of expiration of any Commitment, in each case
without the written consent of each Lender directly and adversely affected thereby (it being understood that any waiver of any condition precedent in Section 7.1 or 7.2, any obligation of any Borrower to pay default
interest or amendment to Section 2.8(c), or any waiver of any Default or Event of Default, and any waiver or amendment of any mandatory prepayment or reduction, any waiver or amendment to the financial covenant definitions,
financial ratios or any component thereof, shall be deemed not to have resulted in any increase in the Commitment of any Lender, or forgiveness, reduction, extension or postponement referred to in clause (iii) or (iv) of this
proviso); 
 (v) (w) change any provision of this Section 12.1, reduce any percentage
specified in the definition of Required Lenders, Required Revolving Lenders, Required Term Lenders, Required Tranche Lenders or Majority in Interest or change any other provision hereof specifying the number or percentage of Lenders required to
amend, waive or otherwise modify any rights hereunder or make any determination or grant any consent, (x) consent to the 

  
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assignment or transfer by any Borrower of any of its rights and obligations under this Agreement and the other Loan Documents (other than, with respect to any Designated Borrower, pursuant to
Section 2.18(e)) or (y) release (1) the guarantee of the Obligations provided by the Company pursuant to Article XIII, (2) the guaranty, surety and joint and several liability of the Parent Borrower
pursuant to Section 2.19 or (3) all or substantially all of the value of the Guarantee Obligations under the Guarantee Agreement (other than in connection with any release of a Guarantor permitted by the Loan
Documents), in each case without the written consent of all Lenders; 
 (vi) amend, modify or waive any provision of any Loan
Document in a manner that by its terms adversely affects the rights of Lenders holding Loans or Commitments of any Class in respect of the right to or priority of payments of the Lenders holding Loans or Commitments of such
Class differently than such amendment, modification or waiver affects the rights of the Lenders holding Loans or Commitments of any other Class in respect of the right to or priority of payments, without the written consent of the Majority
in Interest of the adversely affected Class of Lenders; 
 (vii) (x) amend or modify the definition of
“Applicable Percentage”, (y) amend, modify or waive the provisions of Section 10.2 or Section 4.02 of the Guarantee Agreement, (z) amend, modify or waive the provisions of Sections 5.1 or
5.3(c) in a manner that would alter the pro rata sharing of payments required thereby, in each case without the written consent of each Lender; provided, that (i) with the consent of the Required Lenders, such terms and provisions
may be amended on customary terms in connection with an “amend and extend” transaction, but only if all Lenders that consent to such “amend and extend” transaction are treated on a pro rata basis, (ii) such terms and
provisions may be amended in connection with the establishment of any Additional TL Tranche, with the consent of the Administrative Agent and the Lenders providing commitments for such Additional TL Tranche, so long as such payments continue to be
(1) based on each Lender’s Applicable Percentage with respect to the Classes of Loans and the Facilities in which it participates and (2) distributed ratably as between the Classes of Loans and the Facilities; or 

(viii) amend Section 1.10 or the definition of “Alternative Currency” without the written
consent of each Alternative Currency Tranche Lender, except as otherwise provided in Section 1.10; 
 and, provided
further, that (1) no amendment, waiver or consent shall, unless in writing and signed by Letter of Credit Issuer in addition to the Lenders required above, affect the rights or duties of such Letter of Credit Issuer under this Agreement
or any Issuer Document relating to any Letter of Credit issued or to be issued by it; (2) no amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent in addition to the Lenders required above, (x) affect
the rights or duties of the Administrative Agent under this Agreement or any other Loan Document or (y) amend or waive, or consent to any departure from, the definitions of “LIBOR”, “LIBOR Screen Rate”, “LIBOR Successor
Rate”, “SOFR”, “Term SOFR”, “LIBOR Successor Rate Conforming Changes” or “Scheduled Unavailability Date” or the provisions of Section 2.9; and (3) the Fee Letter may be
amended, or rights or privileges thereunder waived, in a writing executed only by the parties thereto; 

  
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 provided that any amendment, waiver or other modification of this Agreement that by its terms affects
the rights or duties under this Agreement of the Lenders of a particular Class (but not the Lenders of any other Class), may be effected solely by an agreement or agreements in writing entered into by the Parent Borrower and the Majority in Interest
of the affected Class of Lenders that would be required to consent thereto under this Section if such Class of Lenders were the only Class of Lenders hereunder at the time. Any such waiver and any such amendment, supplement or
modification shall apply equally to each of the Lenders and the Letter of Credit Issuers and shall be binding upon the Loan Parties, the Lenders, Letter of Credit Issuers, the Administrative Agent and all future holders of the Loans and the L/C
Participations. In the case of any waiver, the Loan Parties, the Lenders, the Letter of Credit Issuers and the Administrative Agent shall be restored to their former position and rights hereunder and under the other Loan Documents, and any Default
or Event of Default waived shall be deemed to be cured and not continuing; but no such waiver shall extend to any subsequent or other Default or Event of Default, or impair any right consequent thereon. Notwithstanding the foregoing, the consent of
the Lenders or the Required Lenders, as the case may be, shall not be required to effect the provisions of Section 2.14(f) in accordance with the terms thereof. 

(b) Notwithstanding any provision herein to the contrary, 

(i) no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder (and any
amendment, waiver or consent which by its terms requires the consent of all Lenders or each affected Lender may be effected with the consent of the applicable Lenders other than Defaulting Lenders), except that (x) any Commitment of any
Defaulting Lender may not be increased or extended without the consent of such Lender, (y) any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender that by its terms affects any Defaulting Lender
disproportionately adversely relative to other affected Lenders shall require the consent of such Defaulting Lender and (z) the outstanding principal balance of any Loan held by any Defaulting Lender may not be reduced without the consent of
such Lender; 
 (ii) any provision of this Agreement or any other Loan Document may be amended by an agreement in writing
entered into by the Parent Borrower and the Administrative Agent (but without the consent of any Lender or other Loan Party) to cure any obvious error or any error or omission of an administrative or technical nature jointly identified by the Parent
Borrower and the Administrative Agent so long as, in each case, the Lenders shall have received at least five Business Days prior written notice thereof and the Administrative Agent shall not have received, within five Business Days of the date of
such notice to the Lenders, a written notice from (x) the Required Lenders stating that the Required Lenders object to such amendment or (y) if directly and adversely affected by such amendment, any Letter of Credit Issuer stating that it
objects to such amendment. 
 Notwithstanding the foregoing, in addition to any credit extensions and related Joinder Agreement(s)
effectuated without the consent of Lenders in accordance with Section 2.14, this Agreement may be amended (or amended and restated) with the written consent of the Required Lenders, the Administrative Agent and the Parent
Borrower (a) to add one or more additional credit facilities to this Agreement and to permit the extensions of credit from time to time outstanding thereunder and the accrued interest and fees in respect thereof to share ratably in the

  
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benefits of this Agreement and the other Loan Documents with the Term Loans and the Revolving Credit Loans and the accrued interest and fees in respect thereof and (b) to include
appropriately the Lenders holding such credit facilities in any determination of the Required Lenders and other definitions related to such new Term Loans and Revolving Credit Loans. 

Section 12.2. Notices. 

(a) Notices Generally. Except in the case of notices and other communications expressly permitted to be given by telephone (and except
as provided in subsection (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by facsimile
as follows, and all notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows: 

(i) if to the Parent Borrower or any other Loan Party, the Administrative Agent or any Letter of Credit Issuer, to the address,
facsimile number, electronic mail address or telephone number specified for such Person on Schedule 12.2; and 
 (ii)
if to any other Lender, to the address, facsimile number, electronic mail address or telephone number specified in its Administrative Questionnaire (including, as appropriate, notices delivered solely to the Person designated by a Lender on its
Administrative Questionnaire then in effect for the delivery of notices that may contain material non-public information relating to the Parent Borrower). 

Notices and other communications sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have
been given when received; notices and other communications sent by facsimile shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of
business on the next Business Day for the recipient). Notices and other communications delivered through electronic communications to the extent provided in subsection (b) below, shall be effective as provided in such subsection
(b). 
 (b) Electronic Communications. 

(i) Notices and other communications to the Letter of Credit Issuers and the Lenders hereunder or under any other Loan Document
may be delivered or furnished by electronic communication (including e-mail, FpML messaging and Internet or intranet websites, including the Platform) pursuant to procedures approved by the Administrative
Agent; provided that the foregoing shall not apply to notices pursuant to Article II, III, IV or V if such Person has notified the Administrative Agent that it is incapable of receiving notices under such Article
by electronic communication. The Administrative Agent, any Letter of Credit Issuer or the Parent Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures
approved by it; provided that approval of such procedures may be limited to particular notices or communications. 

  
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 (ii) Unless the Administrative Agent otherwise prescribes, (x) notices
and other communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgment from the intended recipient (such as by the “return receipt requested”
function, as available, return e-mail or other written acknowledgment), and (y) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the
intended recipient at its e-mail address as described in the foregoing clause (x) of notification that such notice or communication is available and identifying the website address therefor;
provided that, for both clauses (x) and (y), if such notice or other communication is not sent during the normal business hours of the recipient, such notice e-mail or communication
shall be deemed to have been sent at the opening of business on the next Business Day for the recipient. 
 (iii) THE
PLATFORM AND ANY APPROVED ELECTRONIC COMMUNICATIONS ARE PROVIDED “AS IS” AND “AS AVAILABLE”. NONE OF THE AGENTS OR ANY OF THEIR RESPECTIVE RELATED PARTIES WARRANT THE ACCURACY, ADEQUACY, OR COMPLETENESS OF THE BORROWER MATERIALS,
THE APPROVED ELECTRONIC COMMUNICATIONS OR THE PLATFORM AND EACH EXPRESSLY DISCLAIMS LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS, THE PLATFORM AND THE APPROVED ELECTRONIC COMMUNICATIONS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED
OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS IS MADE BY THE AGENTS OR THEIR
RESPECTIVE RELATED PARTIES IN CONNECTION WITH THE PLATFORM OR THE APPROVED ELECTRONIC COMMUNICATIONS. In no event shall the Administrative Agent or any of its Related Parties have any liability to any Loan Party, any Lender, any Letter of Credit
Issuer or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of any Borrower’s, any Loan Party’s or the Administrative Agent’s transmission of
Borrower Materials or Approved Electronic Notices through the Platform, any other electronic platform or electronic messaging service, or through the Internet. 

(iv) Each Loan Party, each Lender, each Letter of Credit Issuer and each Agent agrees that the Administrative Agent may, but
shall not be obligated to, store any Approved Electronic Communications on the Platform in accordance with the Administrative Agent’s customary document retention procedures and policies. 

(c) Change of Address. Each Loan Party, the Administrative Agent and each Letter of Credit Issuer may change its address, facsimile or
telephone number for notices and other communications hereunder by notice to the other parties hereto. Each other Lender may change its address, facsimile or telephone number for notices and other communications hereunder by notice to the Parent
Borrower, the Administrative Agent and the Letter of Credit Issuers. In addition, each Lender agrees to notify the Administrative Agent from time to time to ensure that the Administrative Agent has on record (i) an effective address, contact
name, telephone number, facsimile number and electronic mail address to which notices and other communications may be sent and (ii) accurate wire instructions for such Lender. 

  
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 (d) Private-Side Information Contacts. In addition to the foregoing, each Public
Lender agrees to cause at least one individual at or on behalf of such Public Lender to at all times have selected the “Private Side Information” or similar designation on the content declaration screen of the Platform in order to enable
such Public Lender or its delegate, in accordance with such Public Lender’s compliance procedures and applicable law, including United States Federal and state securities laws, to make reference to Borrower Materials that are not made available
through the “Public-Side Information” portion of the Platform and that may contain Private-Side Information. In the event that any Public Lender has determined for itself to not access any information disclosed through the Platform or
otherwise, such Public Lender acknowledges that (i) other Lenders may have availed themselves of such information and (ii) neither the Borrowers nor the Administrative Agent has any responsibility for such Public Lender’s decision to
limit the scope of the information it has obtained in connection with this Agreement and the other Loan Documents. 
 (e) Reliance by
Administrative Agent, Letter of Credit Issuers and Lenders. The Administrative Agent, the Letter of Credit Issuers and the Lenders shall be entitled to rely and act upon any notices (including telephonic notices, Committed Loan Notices,
and Letter of Credit Applications) purportedly given by or on behalf of any Borrower even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified
herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Loan Parties shall indemnify the Administrative Agent, each Letter of Credit Issuer, each Lender and the Related Parties of each of
them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of any Borrower. All telephonic notices to and other telephonic communications with the Administrative
Agent may be recorded by the Administrative Agent, and each of the parties hereto hereby consents to such recording. 
 Section 12.3.
No Waiver; Cumulative Remedies; Enforcement. No failure to exercise and no delay in exercising, on the part of the Administrative Agent, any Letter of Credit Issuer or any Lender, any right, remedy, power or privilege hereunder or
under the other Loan Documents shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy,
power or privilege. The rights, remedies, powers and privileges herein provided, and provided under each other Loan Document, are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law. 

Notwithstanding anything to the contrary contained herein or in any other Loan Document, the authority to enforce rights and remedies
hereunder and under the other Loan Documents against the Loan Parties or any of them shall be vested exclusively in, and all actions and proceedings at law in connection with such enforcement shall be instituted and maintained exclusively by, the
Administrative Agent in accordance with Section 10.1 for the benefit of all the Lenders and Letter of Credit Issuers; provided, however, that the foregoing shall not prohibit (a) the Administrative Agent
from exercising on its own behalf the rights and remedies that inure to its benefit (solely in its capacity as Administrative Agent) hereunder and under the other Loan Documents, (b) any Letter of Credit Issuer from exercising the rights and
remedies that inure to its benefit (solely in its capacity as a Letter of Credit Issuer) hereunder and under the other Loan Documents, (c) any Lender from exercising setoff rights in accordance with Section 12.7(b)
(subject to the terms of Section 12.7(a)), or (d) any Lender from filing proofs of claim or appearing and filing pleadings on its own behalf during the pendency of a proceeding relative to any Loan Party under any
Debtor Relief Law; and provided, further, that if at any time there is no Person acting as Administrative 

  
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Agent hereunder and under the other Loan Documents, then (i) the Required Lenders shall have the rights otherwise ascribed to the Administrative Agent pursuant to
Section 10.1 and (ii) in addition to the matters set forth in clauses (b), (c) and (d) of the preceding proviso and subject to Section 12.7(a), any Lender may, with
the consent of the Required Lenders, enforce any rights and remedies available to it and as authorized by the Required Lenders. 

Section 12.4. Survival of Representations and Warranties. All representations and warranties made hereunder, in any other Loan
Document and in any document, certificate or statement delivered pursuant hereto or thereto, or in connection herewith or therewith, shall survive the execution and delivery hereof and thereof and the making of the Loans and other extensions of
credit hereunder. Such representations and warranties have been or will be relied upon by the Administrative Agent, each Letter of Credit Issuer and each Lender, regardless of any investigation made by the Administrative Agent, any Letter of Credit
Issuer or any Lender or on their behalf and notwithstanding that the Administrative Agent, any Letter of Credit Issuer or any Lender may have had notice or knowledge of any Default or Event of Default at the time of any Loan or L/C Credit Extension,
and shall continue in full force and effect as long as any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall remain outstanding other than (a) Specified Cash Management Obligations,
(b) Specified Swap Obligations and (c) any contingent obligations or contingent indemnification obligations not then due or asserted. 

Section 12.5. Payment of Expenses; Damages Waiver. The Borrowers agree (a) to pay or reimburse the Bookrunners, the Lead
Arrangers, the Administrative Agent and their respective Affiliates for all their reasonable and documented and invoiced out-of-pocket costs and expenses (including the reasonable and documented and invoiced
fees, disbursements and other charges of legal counsel which shall be limited to one primary counsel for the Bookrunners, Lead Arrangers and the Administrative Agent, taken as a whole, a single counsel in each relevant jurisdiction for all such
Persons, taken as a whole (which may include a single firm of special counsel acting in multiple jurisdictions) and, in the case of an actual or perceived conflict of interest where the Person affected by such conflict informs the Parent Borrower of
such conflict and thereafter retains its own counsel, of another firm of counsel (and, if reasonably necessary, one firm of local counsel) for such affected Person (or similarly affected Persons taken as a whole)) incurred in connection with the
syndication, development, preparation and execution 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 any filing and recording fees and expenses, with statements with respect to the foregoing to be submitted to the Parent Borrower prior to the Closing Date (in the case of
amounts to be paid on the Closing Date) and from time to time thereafter on a quarterly basis or such other periodic basis as the Administrative Agent shall deem appropriate, (b) to pay all reasonable and documented and invoiced out-of-pocket expenses incurred by any Letter of Credit Issuer in connection with the issuance, amendment, renewal or extension of Letters of Credit or any demand for payment
thereunder, (c) to pay or reimburse the Bookrunners, the Lead Arrangers, the Administrative Agent, the Letter of Credit Issuers and the Lenders for all their respective reasonable and documented and invoiced out-of-pocket expenses incurred in connection with the enforcement or preservation of any rights under this Agreement, the other Loan Documents and any other documents
prepared in connection herewith or therewith, including (i) the reasonable and documented and invoiced fees, disbursements and other charges 

  
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of legal counsel which shall be limited to one primary counsel for the Bookrunners, the Lead Arrangers, the Administrative Agent, the Letter of Credit Issuers and the Lenders, taken as a whole,
one local counsel in each relevant jurisdiction for all such Persons, taken as a whole (if reasonably necessary), and, in the case of an actual or perceived conflict of interest where the Person affected by such conflict informs the Parent Borrower
of such conflict and thereafter retains its own counsel, of another firm of counsel (and, if reasonably necessary, one firm of local counsel in each relevant jurisdiction) for such affected Person (or similarly affected Persons taken as a whole), in
each case excluding allocated costs of in-house counsel, and (ii) the reasonable and documented and invoiced fees and expenses of other consultants and advisers approved by the Parent Borrower,
(d) to pay, indemnify, and hold, the Administrative Agent, each Letter of Credit Issuer and each Lender harmless 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, if any, that 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, and (e) to pay, indemnify, and hold each Lender, each Bookrunner, each Lead Arranger, the Administrative
Agent, each Letter of Credit Issuer and the Affiliates of each of the foregoing and each of their respective Related Parties (each, an “Indemnitee”) harmless from and against any and all other liabilities, obligations, losses,
damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever with respect to the syndication, execution, delivery, enforcement, performance and administration of this Agreement, the other Loan
Documents and any other documents prepared in connection herewith or therewith, including any of the foregoing relating to the use of proceeds of the Loans or the issuance of any Letter of Credit (including any refusal by any Letter of Credit Issuer
to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit) or any Environmental Liability relating to any Group Member or its
current or former operations or to any of the Properties and the reasonable and documented and invoiced fees and expenses of one primary counsel for all Indemnitees, taken as a whole, one local counsel in each relevant jurisdiction (which may
include a single firm of special counsel acting in multiple jurisdictions) for all Indemnitees, taken as a whole (if reasonably necessary), and, in the case of an actual or perceived conflict of interest where the Indemnitee affected by such
conflict informs the Parent Borrower of such conflict and thereafter retains its own counsel, of another firm of counsel (and, if reasonably necessary, one firm of local counsel) for such affected Indemnitee (in each case excluding allocated costs
of in-house counsel), whether based on contract, tort or any other theory and whether initiated against or by any party to this Agreement or any other Loan Document, any Affiliate of any of the foregoing or
any third party (and regardless of whether any Indemnitee is a party thereto) (all the foregoing in this clause (e), collectively, the “Indemnified Liabilities”), IN ALL CASES, WHETHER OR NOT CAUSED BY OR ARISING, IN WHOLE
OR IN PART, OUT OF THE COMPARATIVE, CONTRIBUTORY OR SOLE NEGLIGENCE OF THE INDEMNITEE; provided that the Borrowers shall not have any obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such
Indemnified Liabilities are found by a final and nonappealable decision of a court of competent jurisdiction to have resulted from (i) the gross negligence, bad faith, fraud or willful misconduct of such Indemnitee or its Affiliates or by any
of their Related Parties, (ii) any dispute brought solely by an Indemnitee against another Indemnitee, do not involve or relate to any request, act or omission by any 

  
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Borrower, any other Loan Party or any of their respective Subsidiaries or Affiliates and do not involve the Administrative Agent, in its capacity as administrative agent, any Bookrunner, in its
capacity as a bookrunner, or any Lead Arranger, in its capacity as a lead arranger or (iii) settlements effected without the Parent Borrower’s prior written consent (which shall not be withheld, conditioned or delayed unreasonably) so long
as (A) the Parent Borrower has demonstrated, and such Indemnitee has acknowledged (which acknowledgment shall not be withheld, conditioned or delayed unreasonably) that the Parent Borrower has the financial wherewithal to reimburse such
Indemnitee for any amount that such Indemnitee may be required to pay with respect to such proceeding or (B) the proceeding presents reputation risk to such Indemnitee (in which case, for the avoidance of doubt, the Parent Borrower’s
consent shall not be required for the Indemnitee to settle). Without limiting the foregoing, and to the extent permitted by applicable law, the Parent Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and
agrees to cause its Subsidiaries to waive, all rights for contribution or recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to the
Comprehensive Environmental Response, Compensation, and Liability Act or other Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this Section 12.5 shall be
payable not later than 30 days after written demand therefor, including documentation reasonably supporting such demand. No Loan Party nor any Indemnitee shall have any liability for special, indirect, consequential or punitive damages (as opposed
to direct or actual damages) arising out of, in connection with, or as a result of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, any Loan or the use of the proceeds thereof; provided,
however, that nothing contained in this sentence will limit the indemnity and reimbursement obligations of the Borrowers set forth in this Section 12.5. The agreements in this Section 12.5
shall survive the resignation of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender or Letter of Credit Issuer, termination of this Agreement and the Commitments and the payment of the Loans and all other
amounts payable hereunder. No Indemnitee shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission
systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby. This Section 12.5 shall not apply to (i) Taxes indemnifiable under
Section 5.4 or (ii) Excluded Taxes. All amounts due under this Section shall be payable not later than ten Business Days after demand therefor. 

Section 12.6. Successors and Assigns; Participations and Assignments. (a) The provisions of this Agreement shall be binding upon
and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby (including any Affiliate of any Letter of Credit Issuer that issues any Letter of Credit), except that (i) the neither any Borrower nor any
other Loan Party may assign, delegate or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent and each Lender (and any attempted assignment or transfer by any Borrower or any
Loan Party without such consent shall be null and void) and (ii) no Lender may assign, delegate or otherwise transfer its rights or obligations hereunder except in accordance with this Section. Nothing in this Agreement, expressed or implied, shall
be construed to confer upon any Person (other than the parties hereto, their respective successors and permitted assigns (including any Affiliate of any Letter of Credit Issuer that issues any Letter of Credit), Participants (to the extent provided
in Section 12.6(c)) and, to the extent expressly contemplated hereby, the Indemnitees) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

  
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 (b) (i) Subject to the conditions set forth in paragraph (b)(ii) below, any
Lender may assign to one or more banks or financial institutions (each, an “Assignee”) all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitments and the Loans at the time
owing to it) with the prior written consent of: 
 (A) The Parent Borrower (such consent not to be unreasonably withheld or
delayed); provided that (i) the Parent Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within ten (10) Business Days after having
received notice thereof, (ii) with respect to an assignment of a Term Loan or a Term Commitment, no consent of the Parent Borrower shall be required for an assignment to a Term Lender, an Affiliate of a Term Lender or an Approved Fund (as
defined below), (iii) with respect to an assignment of a Revolving Credit Loan or a Revolving Credit Commitment, no consent of the Parent Borrower shall be required for an assignment to a Revolving Credit Lender, an Affiliate of a Revolving Credit
Lender or an Approved Fund and (iv) no consent of the Parent Borrower shall be required for an assignment to any Person if an Event of Default has occurred and is continuing; 

(B) the Administrative Agent (such consent not to be unreasonably withheld or delayed); provided that no consent of the
Administrative Agent shall be required for an assignment of a Term Loan or a Term Commitment to a Term Lender, an Affiliate of a Term Lender or an Approved Fund (if made in accordance with the applicable terms of this
Section 12.6); and 
 (C) solely with respect to an assignment of a Dollar Tranche Loan or Dollar
Tranche Commitment, each Letter of Credit Issuer (such consent not to be unreasonably withheld or delayed). 
 (ii)
Assignments shall be subject to the following additional conditions: 
 (A) except in the case of an assignment to a Lender,
an Affiliate of a Lender or an Approved Fund or an assignment of the entire remaining amount of the assigning Lender’s Commitments or the entire remaining principal outstanding balance of the assigning Lender’s Loans, in each case of any
Class, the amount of the Commitments or the principal outstanding balance of the Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such assignment is delivered to
the Administrative Agent) shall not be less than $10,000,000 in the case of any assignment in respect of the Term A-1 Loan Facility or Term A-2 Loan Facility, or
$5,000,000, in the case of any assignment in respect of the Total Revolving Credit Commitment, unless each of the Parent Borrower and the Administrative Agent otherwise consent; provided that (1) no such consent of the Parent Borrower
shall be required if an Event of Default has occurred and is continuing and (2) such amounts shall be aggregated in respect of each Lender and its affiliates or Approved Funds, if any; 

  
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 (B) no assignment shall be made to (1) any Group Member or any
Subsidiary or Affiliate of any of the foregoing, (2) any Defaulting Lender or any of its Subsidiaries, (3) a natural Person (or a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of a natural
Person) or (4) any Person who, upon becoming a Lender hereunder, would constitute any of the Persons described in clause (1) through (3) above; 

(C) (1) the parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption,
together with a processing and recordation fee of $3,500; provided, however, that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment, and (2) the
assigning Lender shall have paid in full any amounts owing by it to the Administrative Agent; 
 (D) the Assignee, if it
shall not be a Lender, shall deliver to the Parent Borrower and the Administrative Agent any tax forms required by Section 5.4(e) and an Administrative Questionnaire in which the Assignee designates one or more credit
contacts to whom all syndicate-level information (which may contain material non-public information about the Parent Borrower and its Affiliates and their related parties or their respective securities) will
be made available and who may receive such information in accordance with the assignee’s compliance procedures and applicable laws, including Federal and state securities laws; and 

(E) each partial assignment and delegation shall be made as an assignment and delegation of a proportionate part of all the
assigning Lender’s rights and obligations under this Agreement; provided that this clause (E) shall not be construed to prohibit the assignment and delegation of a proportionate part of all the assigning Lender’s rights
and obligations in respect of one Class of Commitments or Loans. 
 For the purposes of this Section 12.6,
“Approved Fund” means any Person (other than a natural person (or a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of a natural Person)) that is (or will be) engaged in making,
purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its activities and that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an
entity or an Affiliate of an entity that administers or manages a Lender. 
 In connection with any assignment of rights and obligations of
any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall agree in writing (in form reasonably acceptable to the
Administrative Agent) to make such additional payments to the Administrative Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or
subparticipations, or other compensating actions, including funding, with the consent of the Parent Borrower and the Administrative Agent, the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender, to each
of which the applicable assignee and assignor hereby irrevocably consent), to (x) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Administrative Agent, any Letter of Credit Issuer or any Lender
hereunder (and interest 

  
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accrued thereon) and (y) acquire (and fund as appropriate) its full pro rata share of all Loans and participations in Letters of Credit in accordance with its Applicable Percentage.
Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable law without compliance with the provisions of this paragraph, then the assignee of
such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs. 

(iii) Subject to acceptance and recording thereof pursuant to paragraph (b)(iv) below, from and after the effective date
specified in each Assignment and Assumption the Assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the
assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning
Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.10, 2.11, 5.4 and 12.5); provided that, except
to the extent otherwise expressly agreed by the affected parties, no assignment by a Defaulting Lender will constitute a waiver or release of any claim of any other party hereto against such Defaulting Lender arising from such Lender’s having
been a Defaulting Lender. Any assignment, delegation or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 12.6 shall be treated for purposes of this Agreement as a
sale by such Lender of a participation in such rights and obligations in accordance with paragraph (c) of this Section. 

(iv) The Administrative Agent, acting for this purpose as a non-fiduciary agent of the
Borrowers (and such agency being solely for tax purposes), shall maintain at the Administrative Agent’s Office a copy of each Assignment and Assumption delivered to it (or the equivalent thereof in electronic form) and a register for the
recordation of the names and addresses of the Lenders, and the Commitments of, and principal amounts (and stated interest) of the Loans and L/C Obligations owing to, each Lender pursuant to the terms hereof from time to time (the
“Register”). The entries in the Register shall be conclusive absent manifest error, and the Borrowers, the Administrative Agent, the Letter of Credit Issuers and the Lenders may treat each Person whose name is recorded in the
Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by any Borrower and, as to entries pertaining to it, any Letter of
Credit Issuer and any Lender, at any reasonable time and from time to time upon reasonable prior notice. This Section 12.6(b) shall be interpreted and administered such that the Loans are at all times maintained in
“registered form” within the meaning of Sections 163(f), 165(g), 871(h)(2), 881(c)(2) and 4701 of the Code. 
 (v)
Upon its receipt of a duly completed Assignment and Assumption executed by an assigning Lender and an Assignee, the Assignee’s completed Administrative Questionnaire (unless the Assignee shall already be a Lender hereunder), the processing and
recordation fee referred to in paragraph (b) of this Section and any written consent to such assignment and delegation required by paragraph (b) of this Section, the Administrative Agent shall accept such Assignment and
Assumption and record the information contained therein in the Register; provided that the Administrative Agent shall not be required to accept such 

  
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Assignment and Assumption or so record the information contained therein if the Administrative Agent reasonably believes that such Assignment and Assumption lacks any written consent required by
this Section or is otherwise not in proper form, it being acknowledged that the Administrative Agent shall have no duty or obligation (and shall incur no liability) with respect to obtaining (or confirming the receipt) of any such written consent or
with respect to the form of (or any defect in) such Assignment and Assumption, any such duty and obligation being solely with the assigning Lender and the assignee. No assignment or delegation shall be effective for purposes of this Agreement unless
it has been recorded in the Register as provided in this paragraph and, following such recording, unless otherwise determined by the Administrative Agent (such determination to be made in the sole discretion of the Administrative Agent, which
determination may be conditioned on the consent of the assigning Lender and the assignee), shall be effective notwithstanding any defect in the Assignment and Assumption relating thereto. Each assigning Lender and the assignee, by its execution and
delivery of an Assignment and Assumption, shall be deemed to have represented to the Administrative Agent that all written consents required by this Section with respect thereto (other than the consent of the Administrative Agent) have been obtained
and that such Assignment and Assumption is otherwise duly completed and in proper form, and each assignee, by its execution and delivery of an Assignment and Assumption, shall be deemed to have represented to the assigning Lender and the
Administrative Agent that such assignee is an eligible assignee in accordance with the terms of this Section 12.6. 

(c) Any Lender may, without the consent of any Borrower, the Administrative Agent or any Letter of Credit Issuer, sell participations to one or
more banks or other financial institutions in accordance with applicable law (other than (x) a natural person, or a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of a natural Person, (y) a
Defaulting Lender or (z) any Group Member or any Subsidiary or Affiliate of any of the foregoing) (each, a “Participant”) in all or a portion of such Lender’s rights and obligations under this Agreement (including all or a
portion of its Commitments and the Loans (including such Lender’s participations in L/C Obligations) owing to it, in each case of any Class); provided that (A) such Lender’s obligations under this Agreement shall remain
unchanged, (B) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (C) the Borrowers, the Administrative Agent, the Letter of Credit Issuers and the Lenders shall continue to
deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. For the avoidance of doubt, each Lender shall be responsible for the indemnity under Section 11.7
without regard to the existence of any participation. Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any
amendment, modification or waiver of any provision of this Agreement or any other Loan Document; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment,
modification or waiver that (1) requires the consent of each Lender directly and adversely affected thereby pursuant to clause (iii), (iv), or (v) of Section 12.1(a) and (2) directly and
adversely affects such Participant. Each Borrower agrees that each Participant shall be entitled to the benefits (and requirements) of Sections 2.10, 2.11 and 5.4 (subject to the requirements and limitations therein, including
the requirements under Section 5.4(e) (it being understood that the documentation required under Section 5.4(e) shall be delivered to the participating Lender)) to the same extent as if it were a
Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section; provided that such Participant (A) agrees to 

  
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be subject to the provisions of Sections 2.12 and 2.15 as if it were an assignee under paragraph (b) of this Section, and (B) shall not be entitled to receive any
greater payment under Section 2.10 or 5.4, with respect to any participation, than its participating Lender would have been entitled to receive, except to the extent such entitlement to receive a greater payment
results from a Change in Law that occurs after the Participant acquired the applicable participation. Each Lender that sells a participation agrees, at the Parent Borrower’s request and expense, to use reasonable efforts to cooperate with the
Borrowers to effectuate the provisions of Section 2.12 with respect to any Participant. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 12.7(b) as
though it were a Lender; provided that such Participant shall be subject to Section 12.7(a) as though it were a Lender. Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Parent Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the
Loans or other obligations under the Loan Documents (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any
Participant or any information relating to a Participant’s interest in any Commitments, Loans, Letters of Credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish
that such Commitment, Loan or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent
manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt,
the Administrative Agent (in its capacity as the Administrative Agent) shall have no responsibility for maintaining a Participant Register. The Borrowers, the Letter of Credit Issuers and the Lenders expressly acknowledge that the Administrative
Agent (in its capacity as such or as an arranger, bookrunner or other agent hereunder) shall not be responsible or have any liability for, or have any duty to ascertain, inquire into, monitor or enforce, compliance with the provisions hereof
relating to assignments to Defaulting Lenders or natural persons and none of the Borrowers, the Letter of Credit Issuers or the Lenders will bring any claim to such effect. Without limiting the generality of the foregoing, the Administrative Agent
shall not (x) be obligated to ascertain, monitor or inquire as to whether any Lender or Participant or prospective Lender or Participant is a Defaulting Lender or a natural person or (y) have any liability with respect to or arising out of
any assignment or participation of Loans, or disclosure of confidential information, to any Defaulting Lender or a natural person. This Section 12.6(c) shall be interpreted and administered such that the Loans and any
participations are at all times maintained in “registered form” within the meaning of Sections 163(f), 165(g), 871(h)(2), 881(c)(2) and 4701 of the Code. 

(d) Any Lender may, without the consent of any Borrower, the Administrative Agent or any Letter of Credit Issuer, at any time pledge or assign
a security interest in all or any portion of its rights under this Agreement (including under its Note, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank or another
central bank, and this Section shall not apply to any such pledge or assignment of a security interest; provided that no such pledge or assignment of a security interest shall release a Lender from any of its obligations hereunder or
substitute any such pledgee or Assignee for such Lender as a party hereto. 

  
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 (e) the Borrowers, upon receipt of written notice from the relevant Lender, agree to issue
Notes to any Lender requiring Notes to facilitate transactions of the type described in paragraph (d) above. 

Section 12.7. Adjustments; Set-off; Payments Set Aside. (a) Except to the extent that this
Agreement or a court order expressly provides for payments to be allocated to a particular Lender, if any Lender (a “Benefitted Lender”) shall receive any payment of all or part of the Loan Document Obligations owing to it (other
than in connection with an assignment made pursuant to and in accordance with Section 12.6), 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 10.1(f), or otherwise), in a greater proportion than any such payment to or collateral received by any other Lender, if any, in respect of the Loan Document Obligations owing to such other Lender, such Benefitted Lender
shall purchase for cash from the other Lenders a participating interest in such portion of the Loan Document Obligations owing to each such other Lender, or shall provide such other Lenders with the benefits of any such collateral, as shall be
necessary to cause such Benefitted Lender to share the excess payment or benefits of such collateral 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. 

(b) In addition to any rights and remedies of the Lenders and the Letter of Credit Issuers provided by law, each Lender and each Letter of
Credit Issuer shall have the right, without notice to any Borrower, any such notice being expressly waived by each Borrower to the extent permitted by applicable law, upon any Loan Document Obligations becoming due and payable by any Borrower
(whether at the stated maturity, by acceleration or otherwise), to apply to the payment of such Loan Document Obligations, by setoff or otherwise, any and all deposits (general or special, time or demand, provisional or final, but excluding any tax
accounts, trust accounts, withholding, fiduciary or payroll accounts), 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, at any
time held or owing by such Lender or such Letter of Credit Issuer, as applicable, any Affiliate thereof or any of their respective branches or agencies to or for the credit or the account of any Borrower or any other Loan Party; provided,
that in the event that any Defaulting Lender shall exercise any such right of setoff, (x) all amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of
Section 2.16 and, pending such payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent, the Letter of Credit Issuers and the Lenders,
and (y) the Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in reasonable detail the Loan Document Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. The rights
of each Lender, each Letter of Credit Issuer and their respective Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender, such Letter of Credit Issuer or their respective
Affiliates may have. Each Lender and each Letter of Credit Issuer agrees to notify the Parent Borrower and the Administrative Agent promptly after any such setoff and application, provided that the failure to give such notice shall not affect
the validity of such setoff and application. Each Lender and Letter of Credit Issuer agrees promptly to notify the Parent Borrower and the Administrative Agent after any such application made by such Lender or such Letter of Credit Issuer, as
applicable; provided that the failure to give such notice shall not affect the validity of such application. 

  
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 (c) To the extent that any payment by or on behalf of any Loan Party is made to the
Administrative Agent, any Letter of Credit Issuer or any Lender, or the Administrative Agent, any Letter of Credit Issuer or any Lender exercises its right of setoff, and such payment or any proceeds of such setoff or any part thereof is
subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by the Administrative Agent, such Letter of Credit Issuer or such Lender in its discretion) to be repaid to
a trustee, receiver, Controller, administrator or any other Person, in connection with any proceeding under any Debtor Relief Law or otherwise, then (i) to the extent of such recovery, the obligation or part thereof originally intended to be
satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (ii) each Lender and each Letter of Credit Issuer severally agrees to pay to the Administrative Agent
upon demand its applicable share (without duplication) of any amount so recovered from or repaid by the Administrative Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the
Overnight Rate from time to time in effect in the applicable currency of such recovery or payment. The obligations of the Lenders and the Letter of Credit Issuers under clause (ii) of the preceding sentence shall survive Payment In Full and the
termination of this Agreement. 
 Section 12.8. Counterparts. (a) 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 of this Agreement by
email or facsimile transmission shall be effective as delivery of a manually executed counterpart hereof. A set of the copies of this Agreement signed by all the parties shall be lodged with the Parent Borrower and the Administrative Agent. 

(b) Each officer of any Loan Party that is organized in Australia that executes this Agreement on behalf of such Loan Party authorizes any
other officer of such Loan Party that executes this Agreement to produce a copy hereof bearing his or her signature for the purpose of executing such copy to complete its execution under section 127 of the Australian Corporations Act. The copy of
the signature appearing on such copy so executed is to be treated as his or her original signature. 
 Section 12.9.
Severability. If any provision of this Agreement or the other Loan Documents is prohibited, illegal, invalid or unenforceable in any jurisdiction, (a) such provision 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 and (b) the
parties shall endeavor in good faith negotiations to replace the prohibited, illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the prohibited, illegal, invalid or
unenforceable provisions. Without limiting the foregoing provisions of this Section 12.9, if and to the extent that the enforceability of any provisions in this Agreement relating to Defaulting Lenders shall be limited by Debtor Relief
Laws, as determined in good faith by the Administrative Agent or the Letter of Credit Issuers, as applicable, then such provisions shall be deemed to be in effect only to the extent not so limited. 

  
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 Section 12.10. Integration. This Agreement, the other Loan Documents and any
separate letter agreements with respect to fees payable to the Administrative Agent or any Letter of Credit Issuer represent the entire agreement of the Loan Parties, the Administrative Agent, the Letter of Credit Issuers and the Lenders with
respect to the subject matter hereof and thereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof, and there are no promises, undertakings, representations or warranties by the
Administrative Agent, any Letter of Credit Issuer or any Lender relative to the subject matter hereof not expressly set forth or referred to herein or in the other Loan Documents. 

Section 12.11. GOVERNING LAW. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS, THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS
AGREEMENT AND UNDER THE OTHER LOAN DOCUMENTS, AND ANY CLAIM, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT (EXCEPT, AS TO ANY
OTHER LOAN DOCUMENT, AS EXPRESSLY SET FORTH THEREIN) AND THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY, SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. (EXCLUDING THE LAWS APPLICABLE TO
CONFLICTS OR CHOICE OF LAW OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK). 

Section 12.12. Submission to Jurisdiction; Waivers. Each of the Parent Borrower and the Company (on behalf of itself and the
Guarantors), the Designated Borrowers, the Administrative Agent, the Letter of Credit Issuers and the Lenders hereby irrevocably and unconditionally: 

(a) submits for itself and its property in any legal action or proceeding relating to this Agreement and the other Loan Documents to which it
is a party, or for recognition and enforcement of any judgment in respect thereof, to the exclusive general jurisdiction of the courts of the State of New York in New York County, the courts of the United States for the Southern District of New
York, and appellate courts from any thereof; 
 (b) consents that any such action or proceeding may be brought in such courts and waives any
objection that it may now or hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same; 

(c) agrees that service of process in any such action or proceeding may be effected by mailing a copy thereof by registered or certified mail
(or any substantially similar form of mail), postage prepaid, to its address set forth in Section 12.2 or at such other address of which the Administrative Agent shall have been notified pursuant thereto; 

(d) agrees that nothing herein shall affect the right to effect service of process in any other manner permitted by law or shall limit the
right of the Administrative Agent or any Letter of Credit Issuer or Lender to sue or bring an enforcement action relating to this Agreement or any other Loan Document in any other jurisdiction; and 

  
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 (e) agrees that a final judgment in any such action or proceeding shall be conclusive and
may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. 
 Section 12.13. No Advisory
or Fiduciary Responsibility. In connection with all aspects of each transaction contemplated hereby (including in connection with any amendment, waiver or other modification hereof or of any other Loan Document), each Borrower and each other
Loan Party acknowledges and agrees, and acknowledges its Affiliates’ understanding, that: (i) (A) the arranging and other services regarding this Agreement provided by the Administrative Agent, the Bookrunners, the Lead Arrangers
and the Lenders are arm’s-length commercial transactions between the Parent Borrower, each other Loan Party and their respective Affiliates, on the one hand, and the Administrative Agent, the
Bookrunners, the Lead Arrangers and the Lenders, on the other hand, (B) each of the Borrowers and the other Loan Parties has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and
(C) each Borrower and each other Loan Party is capable of evaluating, and understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents; (ii) (A) the Administrative
Agent, the Bookrunners, the Lead Arrangers and each Lender is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as an advisor,
agent or fiduciary for any Borrower, any other Loan Party or any of their respective Affiliates, or any other Person and (B) neither the Administrative Agent, any Bookrunner, any Lead Arranger nor any Lender has any obligation to
any Borrower, any other Loan Party or any of their respective Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents; and (iii) the Administrative
Agent, the Bookrunners, the Lead Arrangers and the Lenders and their respective Affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the Borrowers, the other Loan Parties and their
respective Affiliates, and neither the Administrative Agent, any Bookrunner, any Lead Arranger nor any Lender has any obligation to disclose any of such interests to any Borrower, any other Loan Party or any of their respective Affiliates. Each of
the Borrowers and the other Loan Parties hereby agrees that it will not claim that any of the Administrative Agent, the Bookrunners, the Lead Arrangers, any Lender or any of their respective Affiliates has rendered advisory services of any
nature or respect or owes any fiduciary duty to it (including your stockholders, employees or creditors) in connection with any aspect of any transaction contemplated hereby. 

Section 12.14. Interest Rate Limitation. Notwithstanding anything herein to the contrary, if at any time the interest rate
applicable to any Loan or L/C Participation, together with all fees, charges and other amounts that are treated as interest on such Loan or L/C Participation under applicable law (collectively the “Charges”), shall exceed the
maximum lawful rate (the “Maximum Rate”) that may be contracted for, charged, taken, received or reserved by the Lender holding such Loan or L/C Participation in accordance with applicable law, the rate of interest payable in
respect of such Loan or L/C Participation hereunder, together with all Charges payable in respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and Charges that would have been payable in respect of such Loan
or L/C Participation but were not payable as a result of the operation of this Section shall be cumulated and the interest and Charges payable to such Lender in respect of other Loans or L/C Participations or periods shall be increased (but not
above the Maximum Rate therefor) until such cumulated amount, together with interest thereon at the Overnight Rate to the date of repayment, shall have been received by such Lender. 

  
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 Section 12.15. The Banking Code of Practice (Australia). The Banking Code of
Practice of the Australian Banking Association does not apply to the Loan Documents or any banking services provided under or pursuant to any of them. 

Section 12.16. Confidentiality. Each of the Administrative Agent, each Letter of Credit Issuer and each Lender agrees to keep
confidential all non-public information provided to it by any Loan Party; provided that nothing herein shall prevent the Administrative Agent, any Letter of Credit Issuer or any Lender from disclosing
any such information (a) to the Administrative Agent, any other Letter of Credit Issuer, any other Lender or any Affiliate of any of the foregoing who are informed of the confidential nature of such information and agree to keep such information
confidential, (b) subject to an agreement to comply with the provisions of this Section, to any actual or prospective Transferee (other than any Person that the Parent Borrower has affirmatively declined to provide its consent to the assignment
thereof) or any Person invited to be a Lender pursuant to Section 2.14 or any direct or indirect counterparty to any Swap Agreement (or any professional advisor to such counterparty), (c) to its employees, directors, agents, attorneys,
accountants and other professional advisors or those of any of its Affiliates who are informed of the confidential nature of such information and agree to keep such information confidential, (d) upon the request or demand of any Governmental
Authority, (e) in response to any order of any court or other Governmental Authority or as may otherwise be required pursuant to any Requirement of Law, (f) if requested or required to do so in connection with any litigation or similar proceeding,
(g) that has been publicly disclosed other than as a result of a breach of this Section or other confidentiality obligation owed by the Administrative Agent, the applicable Letter of Credit Issuer or the applicable Lender, as the case may be, to any
Loan Party or any of its Affiliates, (h) in connection with the exercise of any remedy hereunder or under any other Loan Document, (i) on a confidential basis to any rating agency in connection with rating the Company, the Parent Borrower or
their Subsidiaries or the credit facilities provided hereunder, (j) to the CUSIP Service Bureau or any similar agency to the extent required in connection with the issuance and monitoring of CUSIP numbers with respect to the Loans, (k) upon the
request or demand of any regulatory or quasi-regulatory authority purporting to have jurisdiction over such Person or any of its Affiliates, (l) if agreed by the Parent Borrower in its sole discretion, to any other Person or (m) to market
data collectors, similar services providers to the lending industry, and service providers to the Administrative Agent, the Letter of Credit Issuers and the Lenders to the extent necessary for the administration and management of this Agreement and
the other Loan Documents; provided that such disclosure under clause (m) is limited to the existence of this Agreement and information about this Agreement; provided that, except with respect to any audit or examination by bank
accountants or by any governmental bank regulatory authority or other Governmental Authority exercising examination or regulatory authority, each of the Administrative Agent, the Letter of Credit Issuers and the Lenders shall, to the extent
practicable and not prohibited by applicable law, use reasonable efforts to promptly notify the Parent Borrower of disclosure pursuant to clauses (d), (e), (f) or (h), above. 

Any Person required to maintain the confidentiality of information as provided in this Section shall be considered to have complied with its
obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such information as such Person would accord to its own confidential information. 

  
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 Each Letter of Credit Issuer and each Lender acknowledges that information furnished to it
pursuant to this Agreement or the other Loan Documents may include material non-public information concerning the Parent Borrower and its Affiliates and their related parties or their respective securities,
and confirms that it has developed compliance procedures regarding the use of material non-public information and that it will handle such material non-public
information in accordance with those procedures and applicable law, including Federal and state securities laws. 
 All information,
including requests for waivers and amendments, furnished by any Loan Party or the Administrative Agent pursuant to, or in the course of administering, this Agreement or the other Loan Documents will be syndicate-level information, which may contain
material non-public information about the Parent Borrower and its Affiliates and their related parties or their respective securities. Accordingly, each Letter of Credit Issuer and each Lender represents to
the Borrowers and the Administrative Agent that it has identified in its Administrative Questionnaire a credit contact who may receive information that may contain material non-public information in accordance
with its compliance procedures and applicable law, including Federal and state securities laws. 
 Section 12.17. WAIVERS OF JURY
TRIAL. THE BORROWERS, THE COMPANY, THE ADMINISTRATIVE AGENT, THE LETTER OF CREDIT ISSUERS AND THE LENDERS HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT
OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY AND FOR ANY COUNTERCLAIM THEREIN (IN EACH CASE, WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR
ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED
TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

Section 12.18. Patriot Act. Each Lender and each Letter of Credit Issuer (in each case that is subject to the Patriot Act)
and the Administrative Agent (for itself and not on behalf of any such Lender or Letter of Credit Issuer) hereby notifies the Borrowers that pursuant to the requirements of the Patriot Act, it is required to obtain, verify and record information
that identifies the Borrowers and the other Loan Parties, which information includes the name and address of the Borrowers and the other Loan Parties and other information that will allow such Lender, such Letter of Credit Issuer and the
Administrative Agent to identify the Borrowers and the other Loan Parties in accordance with the Patriot Act, and the Borrowers agree to provide (and agree to cause each other Loan Party to provide) such information from time to time to such Lender,
such Letter of Credit Issuer or the Administrative Agent, as applicable. 

  
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 Section 12.19. Electronic Execution of Assignments and Certain Other Documents.
The words “execute,” “execution,” “signed,” “signature,” and words of like import in or related to any document to be signed in connection with this Agreement and the transactions contemplated hereby
(including without limitation Assignment and Assumptions, amendments or other modifications, Committed Loan Notices, waivers and consents) shall be deemed to include electronic signatures, the electronic matching of assignment terms and contract
formations on electronic platforms approved by the Administrative Agent, or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a
paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act,
or any other similar state laws based on the Uniform Electronic Transactions Act. Notwithstanding anything contained herein to the contrary, the Administrative Agent is under no obligation to accept an Electronic Signature in any form or in any
format unless expressly agreed to by the Administrative Agent pursuant to procedures approved by it; provided, that, without limiting the foregoing, (a) to the extent the Administrative Agent has agreed to accept such Electronic
Signature, the Administrative Agent and each of the Lenders shall be entitled to rely on any such Electronic Signature purportedly given by or on behalf of any Loan Party without further verification and (b) upon the reasonable request of the
Administrative Agent, any Electronic Signature of any party to this Agreement shall, as promptly as practicable, be followed by such manually executed counterpart. For purposes hereof, “Electronic Record” and “Electronic
Signature” shall have the meanings assigned to them, respectively, by 15 USC §7006, as it may be amended from time to time. 

Section 12.20. ENTIRE AGREEMENT. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE
PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES. 

Section 12.21. Acknowledgement and Consent to Bail-In of Affected Financial Institutions.
Solely to the extent any Lender or Letter of Credit Issuer that is an Affected Financial Institution is a party to this Agreement and notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or
understanding among any such parties, each party hereto acknowledges that any liability of any Lender or Letter of Credit Issuer that is an Affected Financial Institution arising under any Loan Document, to the extent such liability is unsecured,
may be subject to the Write-Down and Conversion Powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: 

(a) the application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities arising hereunder
which may be payable to it by any Lender or Letter of Credit Issuer that is an Affected Financial Institution; and 
 (b) the effects of any Bail-In Action on any such liability, including, if applicable: 
 (i) a reduction in full
or in part or cancellation of any such liability; 

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

Section 12.22. Judgment Currency. If, for the purposes of obtaining judgment in any court, it is necessary to convert a sum due
hereunder or any other Loan Document in one currency into another currency, the rate of exchange used shall be that at which in accordance with normal banking procedures the Administrative Agent could purchase the first currency with such other
currency on the Business Day preceding that on which final judgment is given. The obligation of each Borrower in respect of any such sum due from it to the Administrative Agent or any Lender hereunder or under the other Loan Documents shall,
notwithstanding any judgment in a currency (the “Judgment Currency”) other than that in which such sum is denominated in accordance with the applicable provisions of this Agreement (the “Agreement Currency”), be
discharged only to the extent that on the Business Day following receipt by the Administrative Agent or such Lender, as the case may be, of any sum adjudged to be so due in the Judgment Currency, the Administrative Agent or such Lender, as the case
may be, may in accordance with normal banking procedures purchase the Agreement Currency with the Judgment Currency. If the amount of the Agreement Currency so purchased is less than the sum originally due to the Administrative Agent or any Lender
from any Borrower in the Agreement Currency, such Borrower agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Administrative Agent or such Lender, as the case may be, against such loss. If the amount of the
Agreement Currency so purchased is greater than the sum originally due to the Administrative Agent or any Lender in such currency, the Administrative Agent or such Lender, as the case may be, agrees to return the amount of any excess to such
Borrower (or to any other Person who may be entitled thereto under applicable law). 
 Section 12.23. Acknowledgement Regarding Any
Supported QFCs. To the extent that the Loan Documents provide support, through a guarantee or otherwise, for any swap contract or any other agreement or instrument that is a QFC (such support, “QFC Credit Support”, and each such
QFC, a “Supported QFC”), the parties acknowledge and agree as follows with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall
Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable
notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other state of the United States):  

(a) In the event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”) becomes subject to a proceeding
under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property securing

  
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such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the
Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the event a Covered Party or a BHC Act Affiliate of a Covered
Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are
permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States or a state of the United
States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC
Credit Support. 
 (b) As used in this Section 12.23, the following terms have the following meanings: 

“BHC Act Affiliate” of a party means an “affiliate” (as such term is defined under, and interpreted in accordance
with, 12 U.S.C. 1841(k)) of such party. 
 “Covered Entity” means any of the following: (i) a “covered
entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b); (ii) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or (iii) a
“covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b). 
 “Default
Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable. 

“QFC” has the meaning assigned to the term “qualified financial contract” in, and shall be
interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D). 
 Section 12.24. Guarantors on the Closing Date. For the avoidance of
doubt, the parties hereto acknowledge that on the Closing Date the only Guarantors are the Company, the Parent Borrower, any Intermediate Companies and the other direct and indirect Subsidiaries of the Company that on the Closing Date are parties to
the Guarantee Agreement. 
 ARTICLE XIII 

CONTINUING GUARANTY 

Section 13.1. Guaranty. The Company hereby absolutely and unconditionally guarantees, as a guaranty of payment and performance and
not merely as a guaranty of collection, prompt payment when due, whether at stated maturity, by required prepayment, upon acceleration, demand or otherwise, and at all times thereafter, of any and all of the Obligations, whether for principal,
interest, premiums, fees, indemnities, damages, costs, expenses or otherwise, of the Borrowers to the Creditor Parties, and whether arising hereunder or under any other Loan Document, any Specified Cash Management Agreement or any Specified Swap
Agreement (including all renewals, extensions, amendments, refinancings and other modifications thereof and 

  
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all reasonable, documented and invoiced out-of-pocket costs, attorneys’ fees and expenses incurred by the
Creditor Parties in connection with the collection or enforcement thereof). The Administrative Agent’s books and records showing the amount of the Obligations shall be admissible in evidence in any action or proceeding, and shall be binding
upon the Company, and conclusive for the purpose of establishing the amount of the Obligations. This Guaranty shall not be affected by the genuineness, validity, regularity or enforceability of the Obligations or any instrument or agreement
evidencing any Obligations, or by the existence, validity, enforceability, perfection, non-perfection or extent of any collateral therefor, or by any fact or circumstance relating to the Obligations which
might otherwise constitute a defense to the obligations of the Company under this Guaranty, and the Company hereby irrevocably waives any defenses it may now have or hereafter acquire in any way relating to any or all of the foregoing. 

Section 13.2. Rights of Creditor Parties. The Company consents and agrees that the Creditor Parties may, at any time and from time
to time, without notice or demand, and without affecting the enforceability or continuing effectiveness hereof: (a) amend, extend, renew, compromise, discharge, accelerate or otherwise change the time for payment or the terms of the Obligations or
any part thereof; (b) take, hold, exchange, enforce, waive, release, fail to perfect, sell, or otherwise dispose of any security for the payment of this Guaranty or any Obligations; (c) apply such security and direct the order or manner
of sale thereof as the Administrative Agent, the Letter of Credit Issuers and the Lenders in their sole discretion may determine; and (d) release or substitute one or more of any endorsers or other guarantors of any of the Obligations. Without
limiting the generality of the foregoing, the Company consents to the taking of, or failure to take, any action which might in any manner or to any extent vary the risks of the Company under this Guaranty or which, but for this provision, might
operate as a discharge of the Company. 
 Section 13.3. Certain Waivers. The Company waives (a) any defense arising by reason of
any disability or other defense of any Borrower or any other guarantor (other than defense of payment or performance), or the cessation from any cause whatsoever (including any act or omission of any Creditor Party) of the liability of the
Borrowers; (b) any defense based on any claim that the Company’s obligations exceed or are more burdensome than those of any Borrower; (c) the benefit of any statute of limitations affecting the Company’s liability hereunder;
(d) any right to proceed against any Borrower, proceed against or exhaust any security for the Obligations, or pursue any other remedy in the power of any Creditor Party whatsoever; (e) any benefit of and any right to
participate in any security now or hereafter held by any Creditor Party; and (f) to the fullest extent permitted by law, any and all other defenses or benefits that may be derived from or afforded by applicable law limiting the liability of or
exonerating guarantors or sureties (other than defense of payment or performance). The Company expressly waives all setoffs and counterclaims and all presentments, demands for payment or performance, notices of nonpayment or nonperformance,
protests, notices of protest, notices of dishonor and all other notices or demands of any kind or nature whatsoever with respect to the Obligations, and all notices of acceptance of this Guaranty or of the existence, creation or incurrence of new or
additional Obligations. 
 Section 13.4. Obligations Independent. The obligations of the Company hereunder are those of primary
obligor, and not merely as surety, and are independent of the Obligations and the obligations of any other guarantor, and a separate action may be brought against the Company to enforce this Guaranty whether or not any Borrower or any other person
or entity are joined as a party. 

  
 178 

 Section 13.5. Subrogation. The Company shall not exercise any right of
subrogation, contribution, indemnity, reimbursement or similar rights with respect to any payments it makes under this Guaranty until this Guaranty is terminated as provided in Section 13.11. If any amounts are paid to the Company in
violation of the foregoing limitation, then such amounts shall be held in trust for the benefit of the Creditor Parties and shall forthwith be paid to the Creditor Parties to reduce the amount of the Obligations, whether matured or unmatured. 

Section 13.6. Termination; Reinstatement. This Guaranty is a continuing and irrevocable guaranty of all Obligations now or
hereafter existing and shall remain in full force and effect as expressly provided in Section 13.11. Notwithstanding the foregoing, this Guaranty shall continue in full force and effect or be revived, as the case may be, if any payment by or
on behalf of any Borrower or the Company is made, or any of the Creditor Parties exercises its right of setoff, in respect of the Obligations and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared
to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by any of the Creditor Parties in their discretion) to be repaid to a trustee, receiver, Controller, administrator or any other Person, in
connection with any proceeding under any Debtor Relief Laws or otherwise, all as if such payment had not been made or such setoff had not occurred and whether or not the Creditor Parties are in possession of or have released this Guaranty and
regardless of any prior revocation, rescission, termination or reduction. The obligations of the Company under this paragraph shall survive termination of this Guaranty. 

Section 13.7. Subordination. The Company hereby subordinates the payment of all obligations and indebtedness of any Borrower owing
to the Company, whether now existing or hereafter arising, including but not limited to any obligation of any Borrower to the Company as subrogee of the Creditor Parties or resulting from the Company’s performance under this Guaranty, to the
indefeasible payment in full in cash of all Obligations. If the Creditor Parties so request, any such obligation or indebtedness of any Borrower to the Company shall be enforced and performance received by the Company as trustee for the Creditor
Parties and the proceeds thereof shall be paid over to the Creditor Parties on account of the Obligations, but without reducing or affecting in any manner the liability of the Company under this Guaranty. 

Section 13.8. Stay of Acceleration. If acceleration of the time for payment of any of the Obligations is stayed, in connection
with any case commenced by or against the Company or any Borrower under any Debtor Relief Laws, or otherwise, all such amounts shall nonetheless be payable by the Company immediately upon demand by the Creditor Parties. 

Section 13.9. Condition of Borrowers. The Company acknowledges and agrees that it has the sole responsibility for, and has
adequate means of, obtaining from the Borrowers and any other guarantor such information concerning the financial condition, business and operations of the Borrowers and any such other guarantor as the Company requires, and that none of the Creditor
Parties has any duty, and the Company is not relying on the Creditor Parties at any time, to disclose to the Company any information relating to the business, operations or financial condition of the Borrowers or any other guarantor (the Company
waiving any duty on the part of the Creditor Parties to disclose such information and any defense relating to the failure to provide the same). 

  
 179 

 Section 13.10. Keepwell. The Company hereby jointly and severally absolutely,
unconditionally and irrevocably with each other Qualified ECP Guarantor hereby undertakes to provide such funds or other support as may be needed from time to time by each Guarantor that would otherwise not be an “eligible contract
participant” as defined in the Commodity Exchange Act to honor all of its obligations under this Agreement in respect of Specified Swap Obligations. The obligations of the Company under this Section 13.10 shall remain in full force
and effect until the indefeasible payment in full in cash of all the Obligations (other than Specified Cash Management Obligations, Specified Swap Obligations or contingent indemnification obligations and other contingent obligations, in each case,
not then due or asserted). The Company intends that this Section 13.10 constitute, and this Section 13.10 shall be deemed to constitute, a “keepwell, support, or other agreement” for the benefit of each other Loan
Party for all purposes of Section la(18)(A)(v)(II) of the Commodity Exchange Act. 
 Section 13.11. Termination. 

(a) This Guarantee shall terminate upon Payment in Full. 

(b) In connection with any termination or release, the Administrative Agent shall execute and deliver to the Company, at the Company’s
expense, all documents that the Company shall reasonably request to evidence such termination or release. Any execution and delivery of documents pursuant to this Section 13.11 shall be without recourse to, or
representation or warranty by. the Administrative Agent. 
 [Signature Pages Follow] 

  
 180 

 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. 
  

							
	PARENT BORROWER:	  		 	AMERICOLD REALTY OPERATING PARTNERSHIP, L.P.
				
		  		 	By:	 	 /s/ Marc J. Smernoff

		  	        	 	Name: Marc J. Smernoff
		  		 	Title: Chief Financial Officer
			
	DESIGNATED BORROWERS:	  		 	NOVA COLD LOGISTICS ULC
				
		  		 	By:	 	 /s/ Marc J. Smernoff

		  		 		 	Name: Marc J. Smernoff
		  		 		 	Title:   Chief Financial Officer
			
		  		 	AMERICOLD AUSTRALIAN HOLDINGS PTY LTD
				
		  		 	By:	 	
/s/                    
                                         
                   

		  		 		 	Name:
		  		 		 	Title:
			
		  		 	ICECAP PROPERTIES NZ LIMITED
				
		  		 	By:	 	 /s/

		  		 		 	Name:
		  		 		 	Title:
			
	COMPANY:	  		 	AMERICOLD REALTY TRUST
				
		  		 	By:	 	 /s/ Marc J. Smernoff

		  		 		 	Name: Marc J. Smernoff
		  		 		 	Title:   Chief Financial Officer

 [Signature Page to Amended and Restated Credit Agreement] 

 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. 
  

							
	DESIGNATED BORROWERS:	  		 	AMERICOLD AUSTRALIAN HOLDINGS PTY LTD. ACN 117 491 291 in accordance with section 127(1) of the Corporations Act 2001 (Cth) Australia
				
		  	        	 	By:	 	 /s/ Richard Winnall

		  		 		 	Name: Richard Winnall
		  		 		 	Title:   Director
				
		  		 	By:	 	 /s/ James C. Snyder

		  		 		 	Name: James C. Snyder
		  		 		 	Title:   Director
			
		  		 	ICECAP PROPERTIES NZ LIMITED
				
		  		 	By:	 	 /s/ James C. Snyder

		  		 		 	Name: James C. Snyder
		  		 		 	Title:   Director

 [Signature Page to Amended and Restated Credit Agreement] 

 
			
	BANK OF AMERICA, N.A.,
	as the Administrative Agent
		
	By:	 	 /s/ Ronaldo Naval

		 	Name: Ronaldo Naval
		 	Title:   Vice President

  
 [Signature Page
to Amended and Restated Credit Agreement] 

 
			
	BANK OF AMERICA, N.A.,
	as a Lender and a Letter of Credit Issuer
		
	By:	 	 /s/ Dennis Kwan

		 	Name: Dennis Kwan
		 	Title:   Senior Vice President

  
 [Signature Page
to Amended and Restated Credit Agreement] 

 
			
	JPMORGAN CHASE BANK, N.A.,
	as a Lender and a Letter of Credit Issuer
		
	By:	 	 /s/ Brian Smolowitz

		 	Name: Brian Smolowitz
		 	Title:   Vice President

  
 [Signature Page
to Amended and Restated Credit Agreement] 

 
			
	CITIBANK, N.A.,
	as a Lender
		
	By:	 	 /s/ Christopher J. Albano

		 	Name: Christopher J. Albano
		 	Title:   Authorized Signatory

  
 [Signature Page
to Amended and Restated Credit Agreement] 

 
			
	ROYAL BANK OF CANADA, NEW YORK BRANCH,
	as a Lender and a Letter of Credit Issuer
		
	By:	 	 /s/ Brian Gross

		 	Name: Brian Gross
		 	Title:   Authorized Signatory

  
 [Signature Page
to Amended and Restated Credit Agreement] 

 
			
	COOPERATIEVE RABOBANK U.A., NEW YORK BRANCH,
	as a Lender
		
	By:	 	 /s/ Michalene Donegan

		 	Name: Michalene Donegan
		 	Title:   Managing Director
		
	By:	 	 /s/ Stewart Kalish

		 	Name: Stewart Kalish
		 	Title:   Executive Director

  
 [Signature Page
to Amended and Restated Credit Agreement] 

 
			
	TRUIST BANK, formerly known as Branch Banking and Trust Company and successor by merger to SunTrust Bank
		
	By:	 	 /s/ Ryan C. Almond

		 	Name: Ryan C. Almond
		 	Title:   Director

  
 [Signature Page
to Amended and Restated Credit Agreement] 

 
			
	BBVA USA,
	as a Lender
		
	By:	 	 /s/ Don Byerly

		 	Name: Don Byerly
		 	Title:   Executive Vice President

  
 [Signature Page
to Amended and Restated Credit Agreement] 

 
			
	CITIZENS BANK, NATIONAL ASSOCIATION,
	as a Lender
		
	By:	 	 /s/ Frank Kaplan

		 	Name: Frank Kaplan
		 	Title:   Vice President

  
 [Signature Page
to Amended and Restated Credit Agreement] 

 
			
	GOLDMAN SACHS LENDING PARTNERS LLC,
	as a Lender
		
	By:	 	 /s/ Annie Carr

		 	Name: Annie Carr
		 	Title:   Authorized Signatory

  
 [Signature Page
to Amended and Restated Credit Agreement] 

 
			
	MORGAN STANLEY BANK, N.A.,
	as a Lender
		
	By:	 	 /s/ Alysha Salinger

		 	Name: Alysha Salinger
		 	Title:   Authorized Signatory

  
 [Signature Page
to Amended and Restated Credit Agreement] 

 
			
	REGIONS BANK,
	as a Lender
		
	By:	 	 /s/ Nicholas R. Frerman

		 	Name: Nicholas R. Frerman
		 	Title:   Vice President

  
 [Signature Page
to Amended and Restated Credit Agreement] 

 
			
	U.S. BANK NATIONAL ASSOCIATION,
	as a Lender
		
	By:	 	 /s/ Lori Y. Jensen

		 	Name: Lori Y. Jensen
		 	Title:   Senior Vice President

  
 [Signature Page
to Amended and Restated Credit Agreement] 

 
			
	AGCOUNTRY FARM CREDIT SERVICES FLCA,
	as a Lender
		
	By:	 	 /s/ Warren Shoen

		 	Name: Warren Shoen
		 	Title:   Senior Vice President

  
 [Signature Page
to Amended and Restated Credit Agreement] 

 
			
	COMPEER FINANCIAL, PCA
	as a Lender
		
	By:	 	 /s/ Graham J. Dee

		 	Name: Graham J. Dee
		 	Title:   Director, Capital Markets

  
 [Signature Page
to Amended and Restated Credit Agreement] 

 Schedule 1.1A 

Commitments, Applicable Percentages and Sublimits 

Revolving Credit Commitments 
  

																													
	 Lender
	 	Dollar Tranche
Commitment	 	 	Applicable
Percentage/
Revolving Credit
Commitment
Percentage
(Dollar Tranche)	 	 	Alternative
Currency
Commitment	 	 	Applicable
Percentage/
Revolving Credit
Commitment
Percentage
(Alternative
Currency 
Tranche)	 	 	Revolving Credit
Commitment	 	 	Applicable
Percentage/
Revolving Credit
Commitment
Percentage
(Total
Revolving
Credit
Commitment)	 	 	Letter of Credit
Sublimit	 
	 Bank of America, N.A.
	 	$	30,837,500.00	 	 	 	7.709375000	% 	 	$	43,187,500.00	 	 	 	10.796875000	% 	 	$	74,025,000.00	 	 	 	9.253125000	% 	 	$	15,000,000.00	 
	 JPMorgan Chase Bank, N.A.
	 	$	30,837,500.00	 	 	 	7.709375000	% 	 	$	43,187,500.00	 	 	 	10.796875000	% 	 	$	74,025,000.00	 	 	 	9.253125000	% 	 	$	15,000,000.00	 
	 Citibank, N.A.
	 	$	30,837,500.00	 	 	 	7.709375000	% 	 	$	43,187,500.00	 	 	 	10.796875000	% 	 	$	74,025,000.00	 	 	 	9.253125000	% 	 	$	15,000,000.00	 
	 Royal Bank of Canada
	 	$	30,837,500.00	 	 	 	7.709375000	% 	 	$	43,187,500.00	 	 	 	10.796875000	% 	 	$	74,025,000.00	 	 	 	9.253125000	% 	 	$	15,000,000.00	 
	 Cooperatieve Rabobank U.A., New York Branch
	 	$	26,250,000.00	 	 	 	6.562500000	% 	 	$	36,750,000.00	 	 	 	9.187500000	% 	 	$	63,000,000.00	 	 	 	7.875000000	% 	 	 	N/A	 
	 Truist Bank
	 	$	63,000,000.00	 	 	 	15.750000000	% 	 	$	0.00	 	 	 	0.000000000	% 	 	$	63,000,000.00	 	 	 	7.875000000	% 	 	 	N/A	 
	 BBVA USA
	 	$	22,650,000.00	 	 	 	5.662500000	% 	 	$	31,750,000.00	 	 	 	7.937500000	% 	 	$	54,400,000.00	 	 	 	6.800000000	% 	 	 	N/A	 
	 Citizens Bank, National Association
	 	$	22,650,000.00	 	 	 	5.662500000	% 	 	$	31,750,000.00	 	 	 	7.937500000	% 	 	$	54,400,000.00	 	 	 	6.800000000	% 	 	 	N/A	 
	 Goldman Sachs Lending Partners LLC
	 	$	22,650,000.00	 	 	 	5.662500000	% 	 	$	31,750,000.00	 	 	 	7.937500000	% 	 	$	54,400,000.00	 	 	 	6.800000000	% 	 	 	N/A	 

  
 Schedule 1.1A 

Commitments, Applicable Percentages and Sublimits 

																													
	 Lender
	 	Dollar Tranche
Commitment	 	 	Applicable
Percentage/
Revolving Credit
Commitment
Percentage
(Dollar Tranche)	 	 	Alternative
Currency
Commitment	 	 	Applicable
Percentage/
Revolving Credit
Commitment
Percentage
(Alternative
Currency 
Tranche)	 	 	Revolving Credit
Commitment	 	 	Applicable
Percentage/
Revolving Credit
Commitment
Percentage
(Total
Revolving
Credit
Commitment)	 	 	Letter of Credit
Sublimit	 
	 Morgan Stanley Bank, N.A.
	 	$	22,650,000.00	 	 	 	5.662500000	% 	 	$	31,750,000.00	 	 	 	7.937500000	% 	 	$	54,400,000.00	 	 	 	6.800000000	% 	 	 	N/A	 
	 Regions Bank
	 	$	22,650,000.00	 	 	 	5.662500000	% 	 	$	31,750,000.00	 	 	 	7.937500000	% 	 	$	54,400,000.00	 	 	 	6.800000000	% 	 	 	N/A	 
	 U.S. Bank National Association
	 	$	22,650,000.00	 	 	 	5.662500000	% 	 	$	31,750,000.00	 	 	 	7.937500000	% 	 	$	54,400,000.00	 	 	 	6.800000000	% 	 	 	N/A	 
	 AgCountry Farm Credit Services FLCA
	 	$	25,750,000.00	 	 	 	6.437500000	% 	 	$	0.00	 	 	 	0.000000000	% 	 	$	25,750,000.00	 	 	 	3.218750000	% 	 	 	N/A	 
	 Compeer Financial, PCA
	 	$	25,750,000.00	 	 	 	6.437500000	% 	 	$	0.00	 	 	 	0.000000000	% 	 	$	25,750,000.00	 	 	 	3.218750000	% 	 	 	N/A	 
		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Total
	 	$	400,000,000.00	 	 	 	100.000000000	% 	 	$	400,000,000.00	 	 	 	100.000000000	% 	 	$	800,000,000.00	 	 	 	100.000000000	% 	 	$	60,000,000.00	 
		 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 

  
 Schedule 1.1A 

Commitments, Applicable Percentages and Sublimits 

 Term Commitments 

 

																	
	 Lender
	  	Term A-1
Commitment	 	  	Applicable
Percentage
(Term A-1 Loan
Facility	 	 	Term A-2
Commitment	 	  	Applicable
Percentage
(Term A-2 Loan
Facility)	 
	 Bank of America, N.A.
	  	$	38,125,000.00	 	  	 	8.970588235	% 	 	C$	24,920,197.34	 	  	 	9.968078936	% 
	 JPMorgan Chase Bank, N.A.
	  	$	38,125,000.00	 	  	 	8.970588235	% 	 	C$	24,920,197.34	 	  	 	9.968078936	% 
	 Citibank N.A.
	  	$	38,125,000.00	 	  	 	8.970588235	% 	 	C$	24,920,197.34	 	  	 	9.968078936	% 
	 Royal Bank of Canada
	  	$	38,125,000.00	 	  	 	8.970588235	% 	 	C$	24,920,197.34	 	  	 	9.968078936	% 
	 Cooperatieve Rabobank U.A., New York Branch
	  	$	33,000,000.00	 	  	 	7.764705882	% 	 	C$	20,313,406.85	 	  	 	8.125362740	% 
	 Truist Bank
	  	$	33,000,000.00	 	  	 	7.764705882	% 	 	C$	20,313,406.85	 	  	 	8.125362740	% 
	 BBVA USA
	  	$	28,000,000.00	 	  	 	6.588235294	% 	 	C$	18,282,066.16	 	  	 	7.312826464	% 
	 Citizens Bank, National Association
	  	$	28,000,000.00	 	  	 	6.588235294	% 	 	C$	18,282,066.16	 	  	 	7.312826464	% 
	 Goldman Sachs Lending Partners LLC
	  	$	28,000,000.00	 	  	 	6.588235294	% 	 	C$	18,282,066.16	 	  	 	7.312826464	% 
	 Morgan Stanley Bank, N.A.
	  	$	28,000,000.00	 	  	 	6.588235294	% 	 	C$	18,282,066.16	 	  	 	7.312826464	% 

  
 Schedule 1.1A 

Commitments, Applicable Percentages and Sublimits 

																	
	 Lender
	  	Term A-1
Commitment	 	  	Applicable
Percentage
(Term A-1 Loan
Facility	 	 	Term A-2
Commitment	 	  	Applicable
Percentage
(Term A-2 Loan
Facility)	 
	 Regions Bank
	  	$	28,000,000.00	 	  	 	6.588235294	% 	 	C$	18,282,066.16	 	  	 	7.312826464	% 
	 U.S. Bank National Association
	  	$	28,000,000.00	 	  	 	6.588235294	% 	 	C$	18,282,066.16	 	  	 	7.312826464	% 
	 AgCountry Farm Credit Services FLCA
	  	$	19,250,000.00	 	  	 	4.529411765	% 	 	C$	0.00	 	  	 	0.000000000	% 
	 Compeer Financial, PCA
	  	$	19,250,000.00	 	  	 	4.529411765	% 	 	C$	0.00	 	  	 	0.000000000	% 
		  	  
	  
	 	  	  
	  
	 	 	  
	  
	 	  	  
	  
	 
	 Total
	  	$	425,000,000.00	 	  	 	100.000000000	% 	 	C$	250,000,000.00	 	  	 	100.000000000	% 
		  	  
	  
	 	  	  
	  
	 	 	  
	  
	 	  	  
	  
	 

  
 Schedule 1.1A 

Commitments, Applicable Percentages and Sublimits 

 Schedule 1.1B 

Qualified Assets 
  

					
	 Eligible Owned Asset
	  	 Owner
	  	 Address

	Ontario (OR)	  	Americold Realty, Inc.	  	 589 N.E. First Street
 Ontario, OR
97914

			
	Amarillo	  	ART Mortgage Borrower Propco 2006-2 L.P.	  	 10300 SE 3rd Avenue
 Amarillo, TX
79120

			
	Atlanta (Gateway)	  	AmeriCold Real Estate, L.P.	  	 6150 Xavier Drive SW
 Atlanta, GA
30336

			
	Atlanta (Westgate)	  	ART Mortgage Borrower Propco 2006-2 L.P.	  	 1740 Westgate Pkwy
 GA 30336

			
	Babcock	  	ART Mortgage Borrower Propco 2006-2 L.P.	  	 1524 Necedah Road
 Babcock WI
54413

			
	Boston	  	ART Mortgage Borrower Propco 2006-2 L.P.	  	 100 Widett Circle
 Boston MA 02118

			
	Clearfield	  	ART Mortgage Borrower Propco 2006-2 L.P.	  	 755 East 1700 South Street
 Clearfield, UT
84106

			
	Clearfield 2	  	Americold Clearfield Propco, LLC	  	 755 East 1700 South Street
 Clearfield, UT
84106

			
	Connell	  	ART Mortgage Borrower Propco 2006-2 L.P.	  	 720 West Juniper Street
 Connell, WA
99326

			
	Fort Smith	  	ART Mortgage Borrower Propco 2006-2 L.P.	  	 1634 Midland Boulevard
 Fort Smith, AR
72902

			
	Leesport	  	AmeriCold Real Estate, L.P.	  	 41 Orchard Lane
 Leesport, PA
19533

			
	Middleboro	  	Americold Middleboro Propco, LL	  	 152 Bridge Street
 Middleboro, MA
02346

			
	Murfreesboro	  	ART Mortgage Borrower Propco 2006-2 L.P.	  	 2641 Stephenson Drive
 Murfreesboro, TN
37127

			
	Nampa	  	ART Mortgage Borrower Propco 2006-2 L.P.	  	 231 Second Road North
 Nampa, ID
83687

			
	Portland	  	AmeriCold Real Estate, L.P.	  	 165 Read Street
 Portland, ME
04103

			
	Russellville (Valley)	  	ART Mortgage Borrower Propco 2006-2 L.P.	  	 203 Industrial Boulevard
 Russellville, AR
72801

  
 Schedule 1.1B 

Qualified Assets 

					
	 Eligible Owned Asset
	  	 Owner
	  	 Address

	Sebree	  	ART Mortgage Borrower Propco 2006-2 L.P.	  	 1541 U.S. Highway 41 North
 Sebree, KY
42455

			
	Strasburg	  	ART Mortgage Borrower Propco 2006-2 L.P.	  	 545 Radio Station Road
 Strasburg, VA
22657

			
	Syracuse (bldg 1, 2, 3)	  	ART Mortgage Borrower Propco 2006-2-L.P.	  	 264 Farrell Road
 Syracuse, NY
13209

			
	Turlock (1, 5th Street)	  	ART Mortgage Borrower Propco 2006-2 L.P.	  	 660 Fifth Street
 Turlock, CA
95380

			
	Walla Walla	  	ART Mortgage Borrower Propco 2006-2 L.P.	  	 1115 West Rose Street
 Walla Walla, WA
99362

			
	West Memphis	  	ART Mortgage Borrower Propco 2006-2 L.P.	  	 1651 South Airport Road
 West Memphis, AR
72301

			
	Wichita	  	ART Mortgage Borrower Propco 2006-2 L.P.	  	 2707 North Mead
 Wichita, KS 67219

			
	Woodburn	  	ART Mortgage Borrower Propco 2006-2 L.P.	  	 1440 Silverton Road
 Woodburn, OR
97071

			
	Phoenix 2	  	Americold Propco Phoenix Van Buren LLC	  	 7600 W Van Buren Street
 Phoenix, AZ
85043

			
	Atlanta (Tradewater)	  	Americold Acquisition, LLC	  	 6500 Tradewater Pkwy
 Atlanta, GA
30336

			
	Atlanta East Point	  	AmeriCold Real Estate, L.P.	  	 1239 Oakleigh Drive
 East Point, Georgia
30344

			
	Atlanta Skygate	  	ART Mortgage Borrower Propco 2006-1B L.P.	  	 500 John F Varly Ct
 Atlanta, Georgia
30336

			
	Atlanta Southgate	  	ART Mortgage Borrower Propco 2006-1B L.P.	  	 1845 Westgate Pkwy
 Atlanta, Georgia
30336

			
	Augusta	  	ART Mortgage Borrower Propco 2006-1B L.P.	  	 533 Laney-Walker Blvd Extension
 Augusta,
Georgia 30901

			
	Carthage	  	ART Mortgage Borrower Propco 2006-1A L.P.	  	 1331 Civil War Road
 Carthage, Missouri
64836

			
	East Dubuque	  	ART Mortgage Borrower Propco 2006-1C L.P.	  	 18531 U.S. Route 20 West
 East Dubugue, Illinois
61025

			
	Fort Dodge	  	ART Mortgage Borrower Propco 2006-1B L.P.	  	 3543 Maple Drive
 Fort Dodge, Iowa
50501

  
 Schedule 1.1B 

Qualified Assets 

					
	 Eligible Owned Asset
	  	 Owner
	  	 Address

	Fort Worth Railhead	  	ART Mortgage Borrower Propco 2006-1A L.P.	  	 200 Railhead Dr
 Fort Worth, Texas
76106

			
	Garden City	  	ART Mortgage Borrower Propco 2006-1A L.P.	  	 2007 West Mary Street
 Garden City, Kansas
67846

			
	Hatfield	  	AmeriCold Real Estate, L.P.	  	 2525 Bergery Road
 Hatfield, Pennsylvania
19440

			
	Indianapolis	  	ART Mortgage Borrower Propco 2006-1B L.P.	  	 3320 S. Arlington Avenue
 Indianapolis, Indiana
46203

			
	Milwaukie	  	ART Mortgage Borrower Propco 2006-1C L.P.	  	 9501 S.E. McLoughlin Boulevard
 Milwaukie,
Oregon 97269

			
	Pasco	  	ART Mortgage Borrower Propco 2006-1C L.P.	  	 5805 Industrial Way
 Pasco, Washington
99301

			
	Rochelle Americold Drive	  	AmeriCold Real Estate, L.P.	  	 1010 Americold Drive
 Rochelle, Illinois
61068

			
	San Antonio FM 78	  	Americold San Antonio Propco, LLC	  	 5711 FM 78
 San Antonio, Texas
78218

			
	Wallula	  	ART Mortgage Borrower Propco 2006-1C L.P.	  	 14060 Dodd Road
 Wallula, Washington
99363

			
	Albertville	  	ART Mortgage Borrower Propco 2010-4, LLC	  	 1355 Railroad Avenue,
 Albertville AL
35951

			
	Allentown	  	ART Mortgage Borrower Propco 2010-4, LLC	  	 7150 Ambassador Drive
 Fogelsville, PA 18106

651 Mill Road
 Fogelsville, PA 18106

			
	Atlanta Lakewood	  	ART Mortgage Borrower Propco 2010-4, LLC	  	 3300 Lakewood Avenue
 Atlanta, GA
30310

			
	Columbia	  	ART Mortgage Borrower Propco 2010-4, LLC	  	 2339 Shop Road
 Columbia, SC 29202

			
	Ft Worth - Meacham	  	ART Mortgage Borrower Propco 2010-4, LLC	  	 350 Meacham Blvd,
 Fort Worth, TX
76106

			
	Gloucester - Rogers	  	ART Mortgage Borrower Propco 2010-4, LLC	  	 69 Rogers Street
 Gloucester, MA
1931

			
	Gloucester - Rowe Sq	  	ART Mortgage Borrower Propco 2010-4, LLC	  	 1 Rowe Square
 Gloucester, MA 1931

			
	Oklahoma City	  	ART Mortgage Borrower Propco 2010-4, LLC	  	 2524 Exchange Avenue
 Oklahoma City, OK
73108

			
	Ontario CA B2	  	ART Mortgage Borrower Propco 2010-4, LLC	  	 5401 Santa Ana Street
 Ontario, CA
91761

  
 Schedule 1.1B 

Qualified Assets 

					
	 Eligible Owned Asset
	  	 Owner
	  	 Address

	Ontario CA B3	  	ART Mortgage Borrower Propco 2010-4, LLC	  	 5361 Santa Ana Street
 Ontario, CA
91761

			
	Rochelle Caron	  	ART Mortgage Borrower Propco 2010-4, LLC	  	 915 South Caron Road
 Rochelle, IL
61068

			
	Russellville ElMira	  	ART Mortgage Borrower Propco 2010-4, LLC	  	 300 South EL Mira
 Russellville, AR
72802

			
	Sioux Falls Public	  	ART Mortgage Borrower Propco 2010-4, LLC	  	 2300 East Rice Street
 Sioux Falls, SD
57103

			
	Turlock 2	  	ART Mortgage Borrower Propco 2010-4, LLC	  	 525 South Kilroy Road
 Turlock, CA
95380

			
	Victorville	  	ART Mortgage Borrower Propco 2010-4, LLC	  	 12979 Enterprise Way
 San Bernardino, CA
92392

			
	Manchester (York – Steamboat)	  	ART Mortgage Borrower Propco 2010-4, LLC	  	 60 Steamboat Boulevard
 York, PA
17345

			
	Dallas Catron - 59%	  	ART Mortgage Borrower Propco 2010-5, LLC	  	 5140 Catron Drive
 Dallas, TX
75227

			
	Anaheim	  	ART Mortgage Borrower Propco 2010-5, LLC	  	 1415 North Raymond Avenue
 Anaheim, CA
92801

			
	Brea	  	ART Mortgage Borrower Propco 2010-5, LLC	  	 2750 Orbitor Street
 Brea, CA
92821

			
	Carson	  	ART Mortgage Borrower Propco 2010-5, LLC	  	 1610 East Sepulveda Boulevard
 Carson, CA
90745

			
	Dominguez Hills (Compton)	  	ART Mortgage Borrower Propco 2010-5, LLC	  	 19840 South Rancho Way
 Compton, CA
90220

			
	Ft Worth - Blue Mound	  	ART Mortgage Borrower Propco 2010-5, LLC	  	 4900 Blue Mound Road
 Fort Worth, TX
76106

			
	Ft Worth - Samuels	  	ART Mortgage Borrower Propco 2010-5, LLC	  	 1313 Samuels Avenue
 Fort Worth, TX
76102

			
	Geneva Lakes (Darien)	  	ART Mortgage Borrower Propco 2010-5, LLC	  	 W8876 County Trunk Highway X
 Darien, WI
53114

			
	Gouldsboro	  	ART Mortgage Borrower Propco 2010-5, LLC	  	 SR 435 Lackawanna Trail
 Covington Township, PA
18424

			
	Greenville	  	ART Mortgage Borrower Propco 2010-5, LLC	  	 214 Industrial Drive
 Greenville, SC
29606

			
	Henderson	  	ART Mortgage Borrower Propco 2010-5, LLC	  	 830 East Horizon Drive
 Henderson, NV
89015

			
	Jefferson	  	ART Mortgage Borrower Propco 2010-5, LLC	  	 230 Collins Road
 Jefferson, WI
53549

  
 Schedule 1.1B 

Qualified Assets 

					
	 Eligible Owned Asset
	  	 Owner
	  	 Address

	Lancaster	  	ART Mortgage Borrower Propco 2010-5, LLC	  	 3800 Hempland Road
 Mountville, PA
17554

			
	LaPorte	  	ART Mortgage Borrower Propco 2010-5, LLC	  	 502 North Broadway Street
 LaPorte, TX
77571

			
	Lynden	  	ART Mortgage Borrower Propco 2010-5, LLC	  	 406 2nd Street
 Lynden, WA 98264

			
	Modesto PRW	  	ART Mortgage Borrower Propco 2010-5, LLC	  	 2050 Lapham Drive
 Modesto, CA
95354

			
	Salinas	  	ART Mortgage Borrower Propco 2010-5, LLC	  	 950 South Sanborn Road
 Salinas, CA
93902

			
	Sikeston	  	ART Mortgage Borrower Propco 2010-5, LLC	  	 2500 Rose Parkway
 Sikeston, MO
63801

			
	St. Louis	  	ART Mortgage Borrower Propco 2010-5, LLC	  	 8501 Page Avenue
 Vinita Park, MO
63114

			
	Tampa PC - Frontage	  	ART Mortgage Borrower Propco 2010-5, LLC	  	 302 North Frontage Road
 Plant City, FL
33563

			
	Taunton	  	ART Mortgage Borrower Propco 2010-5, LLC	  	455 John Hancock Road Taunton, MA 2780
			
	Vernon 2	  	ART Mortgage Borrower Propco 2010-5, LLC	  	 3420 East Vernon Avenue
 Vernon, CA
90058

			
	York - Willow Springs	  	ART Mortgage Borrower Propco 2010-5, LLC	  	 380 Willow Springs Lane
 Manchester, PA
17406

			
	Appleton	  	ART Mortgage Borrower Propco 2010-5, LLC	  	 2000 W. Pershing Street
 Appleton, WI
54914

			
	Houston	  	ART Mortgage Borrower Propco 2010-6, LLC	  	 16110 East Hardy Road
 Houston, TX
77032

			
	San Antonio	  	ART Mortgage Borrower Propco 2010-6, LLC	  	 11850 Center Road
 San Antonio, TX
78223

			
	Benson	  	CCS REALTY PROPERTY OWNER, LLC	  	 444 Gilbert Road
 Benson, NC 27504

			
	Cherokee	  	SECOND STREET, LLC	  	 1530 South 2nd Street
 Cherokee, IA
51012

			
	Chesapeake	  	CCS REALTY PROPERTY OWNER, LLC	  	 1229 Fleetway Drive
 Chesapeake, VA
23323

			
	Chillicothe	  	CCS REALTY PROPERTY OWNER, LLC	  	 500 Corporate Drive
 Chillicothe, MO
64601

			
	Columbus	  	CCS REALTY PROPERTY OWNER, LLC	  	 2350 New World Drive
 Columbus, OH
43207

  
 Schedule 1.1B 

Qualified Assets 

					
	 Eligible Owned Asset
	  	 Owner
	  	 Address

	Eagan	  	CCS REALTY PROPERTY OWNER, LLC	  	 2864 Eagandale Blvd
 Eagan, MN
55121

			
	Fairfield	  	CCS REALTY PROPERTY OWNER, LLC	  	 3110 Homeward Way
 Fairfield, OH
45014

			
	Fairmont	  	CCS REALTY PROPERTY OWNER, LLC	  	 1400 East 8th Street
 Fairmont, MN
56031

			
	Lakeville	  	CCS REALTY PROPERTY OWNER, LLC	  	 21755 Cedar Avenue
 Lakeville, MN
55044

			
	Le Mars	  	CCS REALTY PROPERTY OWNER, LLC	  	 1609 18th Street SW
 Le Mars, IA
51031

			
	Napoleon	  	CCS REALTY PROPERTY OWNER, LLC	  	 1165 Independence Drive
 Napoleon, OH
43545

			
	Sanford	  	CCS REALTY PROPERTY OWNER, LLC	  	 111 Imperial Drive
 Sanford, NC
27330

			
	Sioux City - 2900 Murray St	  	CCS REALTY PROPERTY OWNER, LLC	  	 2900 Murray Street
 Sioux City, IA
51111

			
	Sioux City - 2640 Murray St	  	CCS REALTY PROPERTY OWNER, LLC	  	 2640 Murray Street
 Sioux City, IA
51111

			
	Sumter	  	CCS REALTY, LLC	  	 1900 Corporate Way
 Sumter, SC
29154

			
	Fort Smith - Highway 45 South	  	ZM PROPERTY OWNER, LLC	  	 8425 & 8501 Highway 45 South
 Fort Smith, AR
72916

			
	Johnson	  	ZM PROPERTY OWNER, LLC	  	 6403 S Ball
 Johnson, AR 72704

			
	North Little Rock	  	ZM NLR PROPERTY OWNER, LLC	  	 1400 Gregory Street
 North Little Rock, AR
72114

			
	Lowell	  	ZM PROPERTY OWNER, LLC	  	 425 & 515 N. Bloomington Ave
 Lowell, AR
72745

			
	Russellville - State Route 324	  	ZM PROPERTY OWNER, LLC	  	 500 State Route 324
 Russellville, AR
72802

			
	Savannah	  	SAVANNAH COLD STORAGE, LLC	  	 2001 Old River Road
 Savannah, GA
31302

			
	Lula	  	LANIER FREEZER, LLC	  	 3801 Cornelia Hwy
 Lula, GA 30554

			
	Gainesville Candler	  	LANIER FREEZER, LLC	  	 1161 Candler Rd.
 Gainesville, GA
30507

  
 Schedule 1.1B 

Qualified Assets 

					
	 Eligible Owned Asset
	  	 Owner
	  	 Address

	Chambersburg	  	Chambersburg Cold Storage, L.P.	  	 1480 Nitterhouse Drive
 Chambersburg, PA
17201

			
	Perryville	  	MHW Group at Perryville, LLC	  	 300 Belvidere Road
 Perryville, MD
21903

			
	Newport	  	Newport-St. Paul Cold Storage, LLC	  	 2233 Maxwell Avenue
 Newport, MN
55055

			
	Brampton	  	Nova Cold Logistics, ULC	  	 745 Intermodal Drive
 Brampton, Ontario

L6T5W2 Canada

			
	Calgary	  	Nova Cold Logistics, ULC	  	 10401 46 Street SE
 Calgary, Alberta

T2C2X9 Canada

			
	Halifax Dartmouth	  	Nova Cold Logistics, ULC	  	 635 Wilkinson Ave
 Dartmouth, NS

B3BOH4 Canada

			
	Arndell Park	  	Americold Australian Holdings PTY. LTD	  	 21 Holbeche Road
 Arndell Park, SW

2148 Australia

			
	Laverton	  	Americold Australian Holdings PTY. LTD	  	 73-87 Boundary Road

Laverton North, VI
 3026 Australia

			
	Murarrie	  	Americold Australian Holdings PTY. LTD	  	 51 Alexandra Place
 Murarrie, QS

4172 Australia

			
	Prospect	  	Americold Property PTY. LTD	  	 560 Reservoir Road
 Prospect, SW

2148 Australia

			
	Spearwood	  	Americold Property PTY. LTD	  	 1 Quarimor Road
 Bibra Lake, WA

6163 Australia

			
	Dalgety	  	Icecap Properties NZ Limited	  	 27 Dalgety Drive
 Wiri, NI

2104 New Zealand

			
	Diversey	  	Icecap Properties NZ Limited	  	 1 Diversey Lane
 Wiri, NI

2025 New Zealand

			
	Hornby-Halwyn	  	Icecap Properties NZ Limited	  	 32 Halwyn Drive
 Hei Hei, SI

8042 New Zealand

			
	Makomako	  	Icecap Properties NZ Limited	  	 23-30 Makomako Road

Kelvin Grove, NI
 4414 New
Zealand

  
 Schedule 1.1B 

Qualified Assets 

					
	 Eligible Owned Asset
	  	 Owner
	  	 Address

	Pilar	  	Americold Logistics Argentina S.A.	  	 Calle 2 y 9
 Pilar, BA

B1629MYA Argentina

			
	Rochelle (Expansion)	  	AmeriCold Real Estate, L.P.	  	 1010 Americold Drive
 Rochelle, Illinois
61068

			
	Savannah (Expansion)	  	SAVANNAH COLD STORAGE, LLC	  	 2001 Old River Road
 Savannah, GA
31302

			
	Chesapeake (Expansion)	  	CCS REALTY PROPERTY OWNER, LLC	  	 1229 Fleetway Drive
 Chesapeake, VA
23323

			
	Columbus (Expansion)	  	CCS REALTY PROPERTY OWNER, LLC	  	 2350 New World Drive
 Columbus, OH
43207

			
	Atlanta (Expansion)	  	Americold Acquisition, LLC	  	 6500 Tradewater Pkwy
 Atlanta, GA
30336

			
	North Little Rock (Expansion)	  	ZM NLR PROPERTY OWNER, LLC	  	 1400 Gregory Street
 North Little Rock, AR
72114

			
	 Eligible Ground Leased Asset
	  	 Lessor
	  	 Address

	Burley	  	AmeriCold Real Estate, L.P.	  	 280 West Highway 30
 Burley, ID
83318

			
	Tacoma	  	VCD Pledge Holdings, LLC	  	 1301 26th Avenue East
 Tacoma, WA
98424

			
	Tampa (Bartow)	  	ART Mortgage Borrower, L.P.	  	 Highway 17
 Bartow, FL 33831

			
	Grand Island	  	AmeriCold Real Estate, L.P.	  	 204 East Roberts Street
 Grand Island, NE
68802

			
	Massillon	  	ART Mortgage Borrower Propco 2010-4, LLC	  	 2140 17th Street SW
 Massillon, OH
44647

			
	Watsonville	  	ART Mortgage Borrower Propco 2010-4, LLC	  	 750 West Riverside Drive
 Santa Cruz, CA
95077

			
	Mobile	  	ART Mortgage Borrower Propco 2010-5, LLC	  	 2201 Perimeter Road
 Mobile, AL
36615

  
 Schedule 1.1B 

Qualified Assets 

 Schedule 3.1A 

Existing Letters of Credit 
 Americold
Realty Trust and Subsidiaries 
 Outstanding Letters of Credit on the Closing Date 

Letter of Credit Issuer: JPMorgan Chase Bank, N.A. 
  

									
	 Beneficiary
	  	L/C Number	  	Maturity Date	  	Outstanding
Amount and
Currency	 
	 The Travelers Indemnity Company
	  	CPCS-901616	  	11/30/20	  	$	2,652,000	 
	 Liberty Mutual Insurance Company
	  	CPCS-896733	  	12/06/20	  	$	1,086,000	 
	 The Travelers Indemnity Company
	  	CPCS-896721	  	07/07/20	  	$	210,000	 
	 Insurance Company of North America
	  	CPCS-896718	  	11/17/20	  	$	25,000	 
	 Hartford Fire Insurance Company
	  	CPCS-896719	  	10/30/20	  	$	18,950,000	 
	 Alabama Power
	  	CPCS-353615	  	02/07/21	  	$	60,000	 
	 Texas Health and Human Services Commission
	  	TFTS-967694	  	10/30/20	  	$	50,000	 
	 Great West Casualty Company
	  	NUSCGS032511	  	2/28/21	  	$	125,000	 

 Schedule 3.1A 

Existing Letters of Credit 

 Schedule 6.13 

Subsidiaries 
  

											
	 Subsidiary
	  	 Jurisdiction of

Incorporation
	  	 Owner
	  	Percentage of
Ownership	 	 	Loan Party
(Yes or No)
	3333493 Nova Scotia Company	  	Canada	  	Nova Cold Logistics, ULC	  	 	100	% 	 	No
	Americold Acquisition Partnership GP LLC	  	Delaware	  	Americold Realty Operating Partnership, L.P.	  	 	100	% 	 	No
	Americold Acquisition, LLC	  	Delaware	  	Americold Realty Operating Partnership, L.P.	  	 	100	% 	 	No
	Americold Australia PTY Ltd.	  	Australia	  	Icicle Australia Property PTY Limited	  	 	100	% 	 	No
	Americold Australia Realty Trust	  	Australia	  	Icecap Australia MIT Holding, LLC	  	 	99	% 	 	No
	Americold Australia Realty Trust	  	Australia	  	ART Icecap Holdings LLC	  	 	1	% 	 	No
	Americold Australian Holdings PTY Ltd.	  	Australia	  	Icecap Properties AU LLC	  	 	100	% 	 	Yes
	Americold Australian Logistics PTY Ltd.	  	Australia	  	Americold Logistics Limited	  	 	100	% 	 	No
	Americold Brisbane Realty Trust	  	Australia	  	Americold Australia Realty Trust	  	 	100	% 	 	No
	Americold Chambersburg Holding, LLC	  	Delaware	  	Americold Realty Operating Partnership, L.P.	  	 	100	% 	 	No
	Americold Clearfield Opco, LLC	  	Delaware	  	Americold Logistics, LLC	  	 	100	% 	 	No
	Americold Clearfield Propco, LLC	  	Delaware	  	Americold Realty Operating Partnership, L.P.	  	 	100	% 	 	No
	Americold Food Logistics PTY Ltd.	  	Australia	  	Americold Logistics Limited	  	 	100	% 	 	No
	Americold Hawkeye Blocker, GP, LLC	  	Delaware	  	Americold Hawkeye Parent, LLC	  	 	100	% 	 	No
	Americold Hawkeye Parent, LLC	  	Delaware	  	Americold Realty Operating Partnership, L.P.	  	 	100	% 	 	No
	Americold Investments PTY Ltd.	  	Australia	  	Americold Australia PTY LTD	  	 	100	% 	 	No
	Americold Logistics Hong Kong Limited	  	China	  	ART AL Holding LLC	  	 	100	% 	 	No
	Americold Logistics Limited	  	Australia	  	Americold Australia PTY LTD	  	 	100	% 	 	No
	Americold Logistics Services NZ Ltd.	  	New Zealand	  	Americold NZ Limited	  	 	100	% 	 	No
	Americold Logistics, LLC	  	Delaware	  	ART AL Holding LLC	  	 	100	% 	 	Yes
	Americold Melbourne Realty Trust	  	Australia	  	Americold Australia Realty Trust	  	 	100	% 	 	No
	Americold Middleboro Opco, LLC	  	Delaware	  	AmeriCold Logistics, LLC	  	 	100	% 	 	No
	Americold Middleboro Propco, LLC	  	Delaware	  	Americold Realty Operating Partnership, L.P.	  	 	100	% 	 	No
	Americold Nebraska Leasing LLC	  	Nebraska	  	AmeriCold Logistics, LLC	  	 	100	% 	 	No
	Americold Nova Cold Holdings, L.P.	  	Delaware	  	Americold Realty Operating Partnership, L.P.	  	 	100	% 	 	No

  
 Schedule 6.13 

Subsidiaries 

											
	 Subsidiary
	  	 Jurisdiction of

Incorporation
	  	 Owner
	  	Percentage of
Ownership	 	 	Loan Party
(Yes or No)
	Americold Nova Cold Holdings, L.P.	  	Delaware	  	Americold Nova Cold Holdings II, LLC	  	 	0	% 	 	No
	Americold Nova Cold Holdings II, LLC	  	Delaware	  	Americold Realty Operating Partnership, L.P.	  	 	100	% 	 	No
	Americold NZ Limited	  	New Zealand	  	Icicle NZ Property Limited	  	 	100	% 	 	No
	Americold Propco Phoenix Van Buren LLC	  	Delaware	  	Americold Realty Operating Partnership, L.P.	  	 	100	% 	 	No
	Americold Property PTY Ltd.	  	Australia	  	Americold Australian Holdings PTY Ltd.	  	 	100	% 	 	No
	AmeriCold Real Estate, L.P.	  	Delaware	  	Americold Realty Operating Partnership, L.P.	  	 
	99
	% 
LP 	 	Yes
	AmeriCold Real Estate, L.P.	  	Delaware	  	Americold Realty LLC	  	 
	1
	% 
GP 	 	Yes
	Americold Realty Australia Management Pty Ltd	  	Australia	  	Americold Australian Holdings Pty. Ltd.	  	 	100	% 	 	No
	Americold Realty Hong Kong Limited	  	Hong Kong	  	Americold Realty Operating Partnership, L.P.	  	 	100	% 	 	No
	Americold Realty LLC	  	Delaware	  	Americold Realty Operating Partnership, L.P.	  	 	100	% 	 	No
	Americold Realty Operating Partnership, L.P.	  	Delaware	  	Americold Realty Trust	  	 
	99
	% 
GP 	 	Yes
	Americold Realty Operating Partnership, L.P.	  	Delaware	  	Americold Realty Operations, Inc.	  	 
	1
	% 
LP 	 	Yes
	Americold Realty Operations, Inc.	  	Delaware	  	Americold Realty Trust	  	 	100	% 	 	Yes
	Americold Realty State Management Pty Ltd.	  	Australia	  	Americold Realty Australia Management Pty Ltd	  	 	100	% 	 	No
	Americold San Antonio Propco, LLC	  	Delaware	  	Americold Realty Operating Partnership, L.P.	  	 	100	% 	 	No
	Americold NB PTY Ltd.	  	Australia	  	AmeriCold Logistics Limited	  	 	100	% 	 	No
	Americold Sydney Realty Trust	  	Australia	  	Americold Australia Realty Trust	  	 	100	% 	 	No
	Americold TRS Parent, LLC	  	Delaware	  	Cloverleaf Cold Storage, LLC	  	 	18.62	% 	 	Yes
	Americold TRS Parent, LLC	  	Delaware	  	Americold Realty Operating Partnership, L.P.	  	 	81.38	% 	 	Yes
	Americold Transportation Services, LLC	  	Delaware	  	ART AL Holding LLC	  	 	100	% 	 	No
	Americold Transportation, LLC	  	Delaware	  	ART Mortgage Borrower Opco 2010 – 5 LLC	  	 	100	% 	 	No
	AMLOG Canada Inc.	  	Canada	  	AmeriCold Logistics, LLC	  	 	100	% 	 	No
	ART AL Holding LLC	  	Delaware	  	Americold Realty Operating Partnership, L.P.	  	 	100	% 	 	Yes
	ART Icecap Holdings LLC	  	Delaware	  	Americold Realty Operating Partnership, L.P.	  	 	100	% 	 	No
	ART Leasing LLC	  	Delaware	  	AmeriCold Logistics, LLC	  	 	100	% 	 	No

  
 Schedule 6.13 

Subsidiaries 

											
	 Subsidiary
	  	 Jurisdiction of

Incorporation
	  	 Owner
	  	Percentage of
Ownership	 	 	Loan Party
(Yes or No)
	ART Manager L.L.C.	  	Delaware	  	Americold Realty Operating Partnership, L.P.	  	 	100	% 	 	No
	ART Mezzanine Borrower Opco 2013 LLC	  	Delaware	  	ART Second Mezzanine Borrower Opco 2013 LLC	  	 	100	% 	 	No
	ART Mezzanine Borrower Propco 2013 LLC	  	Delaware	  	ART Second Mezzanine Borrower Propco 2013 LLC	  	 	100	% 	 	No
	ART Mortgage Borrower GP LLC	  	Delaware	  	ART First Mezzanine Borrower, L.P.	  	 	100	% 	 	No
	ART Mortgage Borrower Opco 2006-1A L.P.	  	Delaware	  	AmeriCold Logistics, LLC	  	 	99.9	% LP 	 	No
	ART Mortgage Borrower Opco 2006-1A L.P.	  	Delaware	  	ART Mortgage Borrower Opco GP 2006-1A LLC	  	 	0.1	% GP 	 	No
	ART Mortgage Borrower Opco 2006-1B L.P.	  	Delaware	  	AmeriCold Logistics, LLC	  	 	99.9	% LP	 	No
	ART Mortgage Borrower Opco 2006-1B L.P.	  	Delaware	  	ART Mortgage Borrower Opco GP 2006-1B LLC	  	 	0.1	% GP 	 	No
	ART Mortgage Borrower Opco 2006-1C L.P.	  	Delaware	  	AmeriCold Logistics, LLC	  	 	99.9	% LP 	 	No
	ART Mortgage Borrower Opco 2006-1C L.P.	  	Delaware	  	ART Mortgage Borrower Opco GP 2006-1C LLC	  	 	0.1	% GP 	 	No
	ART Mortgage Borrower Opco 2006-2 L.P.	  	Delaware	  	ART First Mezzanine Borrower Opco 2006-2 L.P.	  	 	99.9	% LP 	 	No
	ART Mortgage Borrower Opco 2006-2 L.P.	  	Delaware	  	ART MORTGAGE BORROWER OPCO GP 2006-2 LLC	  	 	0.1	% GP 	 	No
	ART Mortgage Borrower Opco 2010 -4 LLC	  	Delaware	  	AmeriCold Logistics, LLC	  	 	100	% 	 	No
	ART Mortgage Borrower Opco 2010 -5 LLC	  	Delaware	  	Versacold Atlas Logistics Services USA LLC	  	 	100	% 	 	No
	ART Mortgage Borrower Opco 2010 -6 LLC	  	Delaware	  	Versacold Texas, L.P.	  	 	100	% 	 	No
	ART Mortgage Borrower Opco 2013 LLC	  	Delaware	  	ART Mezzanine Borrower Opco 2013 LLC	  	 	100	% 	 	No
	ART Mortgage Borrower Opco GP 2006-1A LLC	  	Delaware	  	AmeriCold Logistics, LLC	  	 	100	% 	 	No
	ART Mortgage Borrower Opco GP 2006-1B LLC	  	Delaware	  	AmeriCold Logistics, LLC	  	 	100	% 	 	No
	ART Mortgage Borrower Opco GP 2006-1C LLC	  	Delaware	  	AmeriCold Logistics, LLC	  	 	100	% 	 	No
	ART MORTGAGE BORROWER OPCO GP 2006-2 LLC	  	Delaware	  	ART First Mezzanine Borrower Opco 2006-2 L.P.	  	 	100	% 	 	No
	ART Mortgage Borrower Propco 2006-1A L.P.	  	Delaware	  	Americold Realty Operating Partnership, L.P.	  	 	99.9	% LP 	 	No

  
 Schedule 6.13 

Subsidiaries 

											
	 Subsidiary
	  	 Jurisdiction of

Incorporation
	  	 Owner
	  	Percentage of
Ownership	 	 	Loan Party
(Yes or No)
	ART Mortgage Borrower Propco 2006-1A L.P.	  	Delaware	  	ART Mortgage Borrower Propco GP 2006-1A LLC	  	 	0.1	% GP 	 	No
	ART Mortgage Borrower Propco 2006-1B L.P.	  	Delaware	  	Americold Realty Operating Partnership, L.P.	  	 	99.9	% LP 	 	No
	ART Mortgage Borrower Propco 2006-1B L.P.	  	Delaware	  	ART Mortgage Borrower Propco GP 2006-1B LLC	  	 	0.1	% GP 	 	No
	ART Mortgage Borrower Propco 2006-1C L.P.	  	Delaware	  	Americold Realty Operating Partnership, L.P.	  	 	99.9	% LP 	 	No
	ART Mortgage Borrower Propco 2006-1C L.P.	  	Delaware	  	ART Mortgage Borrower Propco GP 2006-1C LLC	  	 	0.1	% GP 	 	No
	ART Mortgage Borrower Propco 2006-2 L.P.	  	Delaware	  	ART First Mezzanine Borrower Propco 2006-2 L.P.	  	 	99.9	% LP 	 	No
	ART Mortgage Borrower Propco 2006-2 L.P.	  	Delaware	  	ART MORTGAGE BORROWER PROPCO GP 2006-2 LLC	  	 	0.1	% GP 	 	No
	ART Mortgage Borrower Propco 2010 -4 LLC	  	Delaware	  	Americold Realty Operating Partnership, L.P.	  	 	100	% 	 	No
	ART Mortgage Borrower Propco 2010 -5 LLC	  	Delaware	  	Versacold Logistics, LLC	  	 	100	% 	 	No
	ART Mortgage Borrower Propco 2010 -6 LLC	  	Delaware	  	Versacold Texas, L.P.	  	 	100	% 	 	No
	ART Mortgage Borrower Propco 2013 LLC	  	Delaware	  	ART Mezzanine Borrower Propco 2013 LLC	  	 	100	% 	 	No
	ART Mortgage Borrower Propco GP 2006-1A LLC	  	Delaware	  	Americold Realty Operating Partnership, L.P.	  	 	100	% 	 	No
	ART Mortgage Borrower Propco GP 2006-1B LLC	  	Delaware	  	Americold Realty Operating Partnership, L.P.	  	 	100	% 	 	No
	ART Mortgage Borrower Propco GP 2006-1C LLC	  	Delaware	  	Americold Realty Operating Partnership, L.P	  	 	100	% 	 	No
	ART MORTGAGE BORROWER PROPCO GP 2006-2 LLC	  	Delaware	  	ART First Mezzanine Borrower Propco 2006-2 L.P.	  	 	100	% 	 	No
	ART Mortgage Borrower, L.P.	  	Delaware	  	ART First Mezzanine Borrower, L.P.	  	 	99.9	% LP 	 	No
	ART Mortgage Borrower, L.P.	  	Delaware	  	ART Mortgage Borrower GP LLC	  	 	0.1	% GP 	 	No
	ART QUARRY TRS LLC	  	Delaware	  	ART AL Holding LLC	  	 	100	% 	 	No
	ART First Mezzanine Borrower GP LLC	  	Delaware	  	ART Second Mezzanine Borrower, L.P.	  	 	100	% 	 	No
	ART Second Mezzanine Borrower Opco 2013 LLC	  	Delaware	  	ART Third Mezzanine Borrower Opco 2013 LLC	  	 	100	% 	 	No
	ART Second Mezzanine Borrower Propco 2013 LLC	  	Delaware	  	ART Third Mezzanine Borrower Propco 2013 LLC	  	 	100	% 	 	No

  
 Schedule 6.13 

Subsidiaries 

											
	 Subsidiary
	  	 Jurisdiction of

Incorporation
	  	 Owner
	  	Percentage of
Ownership	 	 	Loan Party
(Yes or No)
	ART Third Mezzanine Borrower Opco 2013 LLC	  	Delaware	  	AmeriCold Logistics, LLC	  	 	100	% 	 	No
	ART Third Mezzanine Borrower Propco 2013 LLC	  	Delaware	  	Americold Realty Operating Partnership, L.P.	  	 	100	% 	 	No
	Atlas Cold Storage Logistics LLC	  	Minnesota	  	Versacold Atlas Logistics Services USA LLC	  	 	100	% 	 	No
	Atlas Logistics Group Retail Services (Atlanta) LLC	  	Delaware	  	Atlas Cold Storage Logistics LLC	  	 	100	% 	 	No
	Atlas Logistics Group Retail Services (Denver) LLC	  	Minnesota	  	Atlas Cold Storage Logistics LLC	  	 	100	% 	 	No
	Atlas Logistics Group Retail Services (Phoenix) LLC	  	Delaware	  	Atlas Cold Storage Logistics LLC	  	 	100	% 	 	No
	Atlas Logistics Group Retail Services (Roanoke) LLC	  	Delaware	  	Atlas Cold Storage Logistics LLC	  	 	100	% 	 	No
	Atlas Logistics Group Retail Services (Shelbyville) LLC	  	Delaware	  	Atlas Cold Storage Logistics LLC	  	 	100	% 	 	No
	BCP VII Chiller 892/U.S. T-E Feeder, L.P.	  	Delaware	  	Americold Hawkeye Parent, LLC	  	 	99	% 	 	No
	BCP VII Chiller 892/U.S. T-E Feeder, L.P.	  	Delaware	  	Americold Hawkeye Blocker GP, LLC	  	 	1	% 	 	No
	Blockchain Transport, LLC	  	Arkansas	  	Zero Mountain Logistics, LLC	  	 	100	% 	 	No
	CCS Realty Property Owner LLC	  	Delaware	  	CCS Realty Mezz A LLC	  	 	100	% 	 	No
	CCS Realty, LLC	  	Iowa	  	Cloverleaf Cold Storage, LLC	  	 	100	% 	 	No
	Chambersburg Cold Storage Limited Partnership	  	Maryland	  	Americold Chambersburg Holding, LLC	  	 	100	% 	 	Yes
	 Cloverleaf Cold
 Storage Co., LLC
	  	Ohio	  	Cloverleaf Cold Storage Iowa Co.	  	 	7.1	% 	 	No
	 Cloverleaf Cold
 Storage Co., LLC
	  	Ohio	  	Cloverleaf Cold Storage, LLC	  	 	92.9	% 	 	No
	Cloverleaf Cold Storage Iowa Co.	  	Iowa	  	Americold TRS Parent, LLC	  	 	100	% 	 	No
	Cloverleaf Cold Storage, LLC	  	Delaware	  	BCP VII Chiller 892/U.S. T-E Feeder, LP	  	 	100	% 	 	No
	Cold Logic ULC	  	British Columbia, Canada	  	AMLOG Canada Inc.	  	 	100	% 	 	No
	G.F. Storage, LLC	  	Minnesota	  	Americold Logistics, LLC	  	 	100	% 	 	No
	Icecap Australia MIT Holding LLC	  	Delaware	  	Americold Realty Trust	  	 	100	% 	 	No
	Icecap Australia Realty Trust	  	Australia	  	Icecap Australia MIT Holding LLC	  	 	99	% 	 	No

  
 Schedule 6.13 

Subsidiaries 

											
	 Subsidiary
	  	 Jurisdiction of

Incorporation
	  	 Owner
	  	Percentage of
Ownership	 	 	Loan Party
(Yes or No)
	Icecap Australia Realty Trust	  	Australia	  	ART Icecap Holdings LLC	  	 	1	% 	 	No
	Icecap Properties AU LLC	  	Delaware	  	ART Icecap Holdings LLC	  	 	100	% 	 	No
	Icecap Properties NZ Holdings LLC	  	Delaware	  	ART Icecap Holdings LLC	  	 	100	% 	 	No
	Icecap Properties NZ Limited LLC	  	New Zealand	  	Icecap Properties NZ Holdings LLC	  	 	100	% 	 	Yes
	Inland Quarries, L.L.C.	  	Delaware	  	ART QUARRY TRS LLC	  	 	100	% 	 	No
	KC Underground, L.L.C.	  	Delaware	  	AmeriCold Logistics, LLC	  	 	100	% 	 	No
	KCL Equipment Owner LLC	  	Delaware	  	KCL Mezz A LLC	  	 	100	% 	 	No
	Keycity Leasing Company	  	Minnesota	  	Cloverleaf Cold Storage, LLC	  	 	100	% 	 	No
	Lanier Cold Storage, LLC	  	Georgia	  	Americold Logistics, LLC	  	 	100	% 	 	Yes
	Lanier Freezer, LLC	  	Georgia	  	Americold Realty Operating Partnership, L.P.	  	 	100	% 	 	No
	MHW Group at Perryville, LLC	  	Maryland	  	Americold Realty Operating Partnership, L.P.	  	 	100	% 	 	Yes
	NCS Trucking, LLC	  	Minnesota	  	G.F. Storage, LLC	  	 	100	% 	 	No
	Newlook Products, LLC	  	Georgia	  	Lanier Cold Storage, LLC	  				 	No
	Newport-St. Paul Cold Storage	  	Minnesota	  	Americold Realty Operating Partnership, L.P.	  	 	100	% 	 	No
	Nova Cold Logistics, ULC	  	Canada	  	Americold Nova Cold Holdings, L.P.	  	 	100	% 	 	Yes
	Portfresh Development, LLC	  	Delaware	  	Portfresh Holdings, LLC	  	 	100	% 	 	No
	Portfresh Holdings, LLC	  	Delaware	  	Americold Realty Operating Partnership, L.P.	  	 	100	% 	 	No
	Savannah Cold Storage, LLC (d/b/a Portfresh Logistics)	  	Delaware	  	Portfresh Holdings, LLC	  	 	100	% 	 	Yes
	Second Street, LLC	  	Iowa	  	Cloverleaf Cold Storage, LLC	  	 	100	% 	 	No
	URS Real Estate, L.P.	  	Delaware	  	Americold Realty Operating Partnership, L.P.	  	 	99	% LP 	 	No
	URS Real Estate, L.P.	  	Delaware	  	URS Realty, LLC	  	 	1	% GP 	 	No
	URS Realty, LLC	  	Delaware	  	Americold Realty Operating Partnership, L.P	  	 	100	% 	 	No
	VCD Pledge Holdings, LLC	  	Delaware	  	Versacold USA, LLC	  	 	100	% 	 	No
	Versacold Atlas Logistics Services USA LLC	  	Delaware	  	ART AL Holding LLC	  	 	100	% 	 	No
	Versacold Logistics Argentina SA	  	Argentina	  	Americold Logistics Limited	  	 	90	% 	 	No
	Versacold Logistics Argentina SA	  	Argentina	  	Americold Storage NB PTY Ltd.	  	 	10	% 	 	No
	Versacold Logistics, LLC	  	Delaware	  	Versacold USA, LLC	  	 	100	% 	 	No
	Versacold Midwest LLC	  	Delaware	  	Versacold Atlas Logistics Services USA LLC	  	 	100	% 	 	No
	Versacold Northeast Logistics, LLC	  	Massachusetts	  	ART AL Holding LLC	  	 	100	% 	 	No

  
 Schedule 6.13 

Subsidiaries 

											
	 Subsidiary
	  	 Jurisdiction of

Incorporation
	  	 Owner
	  	Percentage of
Ownership	 	 	Loan Party
(Yes or No)
	Versacold Northeast, Inc.	  	Massachusetts	  	ART AL Holding LLC	  	 	100	% 	 	No
	Versacold Texas, L.P.	  	Texas	  	Versacold USA, LLC	  	 	99	% LP 	 	No
	Versacold Texas, L.P.	  	Texas	  	Americold Realty Operating Partnership, L.P.	  	 	1	% GP 	 	No
	Versacold USA, LLC	  	Delaware	  	ART Icecap Holdings LLC	  	 	100	% 	 	Yes
	Zero Mountain Aviation, LLC	  	Arkansas	  	Zero Mountain LLC	  	 	100	% 	 	No
	Zero Mountain Logistics, LLC	  	Oklahoma	  	Zero Mountain LLC	  	 	100	% 	 	No
	Zero Mountain LLC	  	Arkansas	  	Cloverleaf Cold Storage, LLC	  	 	100	% 	 	No
	ZM Waco Property Owner LLC	  	Delaware	  	ZM Waco Holdco LLC	  	 	100	% 	 	No
	ZMI Leasing,LLC	  	Oklahoma	  	Zero Mountain LLC	  	 	100	% 	 	No

  
 Schedule 6.13 

Subsidiaries 

 Schedule 9.6 

Transactions with Affiliates 

None. 
 Schedule 9.6 

Transactions with Affiliates 

 Schedule 12.2 

Administrative Agent’s Office; Certain Addresses for Notices 

PARENT BORROWER AND OTHER LOAN PARTIES: 
 Americold Realty
Operating Partnership, L.P. 
 10 Glenlake Parkway, South Tower, Suite 600 

Atlanta, GA 30328 
 Attention: Legal Department 

Telephone: (678) 441-1479 

Facsimile: (678) 387-4744 

Electronic Mail: legal@americold.com 
 Website Address:
www.americold.com 
 Taxpayer Identification Number: 01-0958815 

ADMINISTRATIVE AGENT: 
 Administrative Agent’s
Office 
 (for payments and Requests for Credit Extensions): 

Bank of America, N.A. 
 2380 Performance Drive - Bldg. C 

Mail Code: TX2-984-03-23 

Richardson, TX 75082 
 Attention: Katlyn Tran 

Telephone: (469) 201-4056 

Facsimile: (214) 290-9714 

Electronic Mail: Katlyn.tran@bofa.com 
 USD PAYMENT INSTRUCTIONS:

 Bank of America 
 New York NY 

ABA 026009593 
 Acct # 1366072250600 

Acct Name: Corporate Credit Services 
 Ref: Americold Realty
Operating Partnership 
 EUR PAYMENT INSTRUCTIONS: 
 Beneficiary
Bank: Bank of America NT and SA (Swift ID: BOFAGB22) 
 Beneficiary Account Number: GB89 BOFA 1650 5095 687029 

Beneficiary: Bank of America NA 
 Ref: Americold Realty Operating
Partnership 

  
 Schedule 12.2 

Administrative Agent’s Office; Certain Addresses for Notices 

 GBP PAYMENT INSTRUCTIONS: 

Beneficiary Bank: Bank of America NT and SA (Swift ID: BOFAGB22) 

Beneficiary Account Number: GB90 BOFA 1650 5095 687011 

Beneficiary: Bank of America NA 
 Ref: Americold Realty Operating
Partnership 
 CAD PAYMENT INSTRUCTIONS: 
 Beneficiary Bank:
Bank of America Canada (Swift ID: BOFACATT) 
 Beneficiary Account Number: 711465090227 

Beneficiary: Bank of America NA 
 Ref: Americold Realty Operating
Partnership 
 AUD PAYMENT INSTRUCTIONS: 
 Beneficiary Bank:
Bank of America Australia (Swift ID: BOFAAUSX) 
 Beneficiary Account Number: 520195687018 

Beneficiary: Bank of America NA 
 Ref: Americold Realty Operating
Partnership 
 NZD PAYMENT INSTRUCTIONS: 
 Correspondent/
Intermediary Bank: Bank of New Zealand (Swift ID: BKNZNZ22) 
 Beneficiary Bank: Bank of America NT and SA (Swift ID: BOFAGB22) 

Beneficiary Account Number: GB67 BOFA 1650 5095 687037 

Beneficiary: Bank of America NA 
 Ref: Americold Realty Operating
Partnership 
 Other Notices as Administrative Agent: 

Bank of America, N.A. 
 Agency Management 

Building C 
 2380 Performance Drive 

Mail Code: TX2-984-03-26 

Richardson, TX 75082 
 Attention: Gavin Shak 

Telephone: (214) 209-0529 

Facsimile: (214) 530-3108 

Electronic Mail: gavin.shak@bofa.com 

  
 Schedule 12.2 

Administrative Agent’s Office; Certain Addresses for Notices 

 LETTER OF CREDIT ISSUERS: 

Bank of America, N.A. 
 Bank of America, N.A. 

Trade Operations 
 1 Fleet Way 

Mail Code: PA6-580-02-30 

Scranton, PA 18507 
 Attention: Michael Grizzanti 

Telephone: (570) 496-9621 

Facsimile: (800) 755-8743 

Electronic Mail: michael.a.grizzanti@bofa.com 
 JPMorgan
Chase Bank, N.A. 
 JPMorgan Chase Bank, N.A. 
 10420
Highland Manor Drive, 4th Floor 
 Tampa, Florida 33610 

Attention: Standby LC Unit 
 Tel:
800-364-1969 
 Fax: 856-294-5267 
 Email: gts.ib.standby@jpmchase.com 

  
 Schedule 12.2 

Administrative Agent’s Office; Certain Addresses for Notices 

 Citibank, N.A. 

(for Requests for Credit Extensions): 
 Anthony Surico 

Citibank, N.A. 
 388 Greenwich St., 8th Fl. 

New York, NY 10013 
 Telephone: 212-816-1286 
 Electronic Mail: Anthony.Surico@citi.com 

(for operations related inquiries (e.g., fees/billing)): 

Citibank, N.A. 
 1 Penns Way, Ops II 

New Castle, DE 19720 
 Attention: Gopinath Elogovan 

Securities Processing Analyst 
 Telephone: 201-472-4024 
 Facsimile: 212-994-0847 
 Electronic Mail: Global.Loans.LCRecon@citi.com 

Royal Bank of Canada 
 Royal Bank of Canada 

Global Loans Administration 
 20 King St W, 4th Floor 
 Attention: GLA Trade 

Facsimile: 416-364-3670 

Electronic Mail: glatrade@cm.rbc.com 

  
 Schedule 12.2 

Administrative Agent’s Office; Certain Addresses for Notices 

 EXHIBIT A 

FORM OF 
 GUARANTEE AGREEMENT 

[See attached.] 

  

 
 GUARANTEE AGREEMENT 

dated as of 
 March 26, 2020,

 among 
 AMERICOLD REALTY
OPERATING PARTNERSHIP, L.P., 
 CERTAIN SUBSIDIARIES OF 

AMERICOLD REALTY TRUST 
 IDENTIFIED
HEREIN 
 and 
 BANK OF AMERICA,
N.A., 
 as Administrative Agent 
  

 
  

 TABLE OF CONTENTS 
  

							
	 ARTICLE I DEFINITIONS
	  			
			
	 Section 1.1.
	 	 Defined Terms
	  	 	1	 
			
	 Section 1.2.
	 	 Other Definitional Provisions
	  	 	53	 
			
	 Section 1.3.
	 	 Classifications of Loans
	  	 	54	 
			
	 Section 1.4.
	 	 Accounting Terms; GAAP
	  	 	54	 
			
	 Section 1.5.
	 	 Pro Forma Calculations
	  	 	55	 
			
	 Section 1.6.
	 	 Rounding
	  	 	55	 
			
	 Section 1.7.
	 	 Timing of Payment or Performance
	  	 	55	 
			
	 Section 1.8.
	 	 Times of Day
	  	 	55	 
			
	 Section 1.9.
	 	 Exchange Rates; Currency Equivalents
	  	 	55	 
			
	 Section 1.10.
	 	 Additional Alternative Currencies
	  	 	56	 
			
	 Section 1.11.
	 	 Change of Currency
	  	 	58	 
		
	 ARTICLE II AMOUNT AND TERMS OF CREDIT
	  			
			
	 Section 2.1.
	 	 Commitments
	  	 	59	 
			
	 Section 2.2.
	 	 Borrowings, Continuations and Conversions of Loans
	  	 	60	 
			
	 Section 2.3.
	 	 Bid Loans
	  	 	63	 
			
	 Section 2.4.
	 	 Administrative Agent’s Clawback
	  	 	66	 
			
	 Section 2.5.
	 	 Repayment of Loans
	  	 	68	 
			
	 Section 2.6.
	 	 Evidence of Debt
	  	 	68	 
			
	 Section 2.7.
	 	 [Reserved]
	  	 	69	 
			
	 Section 2.8.
	 	 Interest
	  	 	69	 
			
	 Section 2.9.
	 	 LIBOR Successor Rate
	  	 	70	 
			
	 Section 2.10.
	 	 Increased Costs, Illegality, Etc.
	  	 	72	 

							
			
	 Section 2.11.
	 	 Compensation
	  	 	76	 
			
	 Section 2.12.
	 	 Change of Lending Office
	  	 	76	 
			
	 Section 2.13.
	 	 Notice of Certain Costs
	  	 	77	 
			
	 Section 2.14.
	 	 Increase in Facilities
	  	 	77	 
			
	 Section 2.15.
	 	 Replacement of Lenders or Termination of Commitments Under Certain Circumstances
	  	 	80	 
			
	 Section 2.16.
	 	 Defaulting Lenders
	  	 	82	 
			
	 Section 2.17.
	 	 Extension of Revolving Loan Maturity Date.
	  	 	84	 
			
	 Section 2.18.
	 	 Designated Borrowers.
	  	 	86	 
			
	 Section 2.19.
	 	 Joint and Several Liability.
	  	 	88	 
		
	 ARTICLE III LETTERS OF CREDIT
	  			
			
	 Section 3.1.
	 	 Letters of Credit
	  	 	90	 
			
	 Section 3.2.
	 	 Letter of Credit Requests
	  	 	92	 
			
	 Section 3.3.
	 	 Letter of Credit Participations
	  	 	94	 
			
	 Section 3.4.
	 	 Agreement to Repay Letter of Credit Drawings
	  	 	96	 
			
	 Section 3.5.
	 	 Increased Costs
	  	 	99	 
			
	 Section 3.6.
	 	 New or Successor Letter of Credit Issuer
	  	 	100	 
			
	 Section 3.7.
	 	 Role of Letter of Credit Issuer
	  	 	102	 
			
	 Section 3.8.
	 	 Cash Collateral
	  	 	102	 
			
	 Section 3.9.
	 	 Governing Law; Applicability of ISP and UCP
	  	 	104	 
			
	 Section 3.10.
	 	 Conflict with Issuer Documents
	  	 	104	 
			
	 Section 3.11.
	 	 Letters of Credit Issued for Subsidiaries
	  	 	104	 
			
	 Section 3.12.
	 	 Letter of Credit Issuer Reports to Administrative Agent
	  	 	104	 
		
	 ARTICLE IV FEES; COMMITMENT REDUCTIONS AND TERMINATIONS
	  			
			
	 Section 4.1.
	 	 Fees
	  	 	105	 
			
	 Section 4.2.
	 	 Voluntary Reduction of Revolving Credit Commitments
	  	 	107	 

							
			
	 Section 4.3.
	 	 Mandatory Termination of Commitments
	  	 	107	 
		
	 ARTICLE V PAYMENTS
	  			
			
	 Section 5.1.
	 	 Voluntary Prepayments
	  	 	108	 
			
	 Section 5.2.
	 	 Mandatory Prepayments
	  	 	108	 
			
	 Section 5.3.
	 	 Method and Place of Payment
	  	 	109	 
			
	 Section 5.4.
	 	 Net Payments
	  	 	111	 
			
	 Section 5.5.
	 	 Computations of Interest and Fees
	  	 	116	 
			
	 Section 5.6.
	 	 Limit on Rate of Interest
	  	 	117	 
		
	 ARTICLE VI REPRESENTATIONS AND WARRANTIES
	  			
			
	 Section 6.1.
	 	 Financial Condition
	  	 	118	 
			
	 Section 6.2.
	 	 No Change
	  	 	119	 
			
	 Section 6.3.
	 	 Existence; Compliance with Law
	  	 	119	 
			
	 Section 6.4.
	 	 Power; Authorization; Enforceable Obligations
	  	 	119	 
			
	 Section 6.5.
	 	 No Legal Bar
	  	 	119	 
			
	 Section 6.6.
	 	 Litigation
	  	 	120	 
			
	 Section 6.7.
	 	 Ownership of Property; Liens; Qualified Assets; Casualty
	  	 	120	 
			
	 Section 6.8.
	 	 Intellectual Property
	  	 	120	 
			
	 Section 6.9.
	 	 REIT Status; Stock Exchange Listing; Taxes
	  	 	120	 
			
	 Section 6.10.
	 	 Federal Regulations
	  	 	121	 
			
	 Section 6.11.
	 	 ERISA
	  	 	121	 
			
	 Section 6.12.
	 	 Investment Company Act
	  	 	121	 
			
	 Section 6.13.
	 	 Subsidiaries
	  	 	121	 
			
	 Section 6.14.
	 	 Use of Proceeds
	  	 	122	 
			
	 Section 6.15.
	 	 Environmental Matters
	  	 	122	 
			
	 Section 6.16.
	 	 Accuracy of Information, Etc.
	  	 	122	 

							
			
	 Section 6.17.
	 	 [Intentionally Omitted]
	  	 	123	 
			
	 Section 6.18.
	 	 Anti-Corruption Laws, Sanctions and Anti-Terrorism Laws
	  	 	123	 
			
	 Section 6.19.
	 	 Labor Matters
	  	 	123	 
			
	 Section 6.20.
	 	 Solvency
	  	 	124	 
			
	 Section 6.21.
	 	 Insurance
	  	 	124	 
			
	 Section 6.22.
	 	 No Default
	  	 	124	 
			
	 Section 6.23.
	 	 Affected Financial Institution
	  	 	124	 
			
	 Section 6.24.
	 	 Representations as to Foreign Obligors
	  	 	124	 
		
	 ARTICLE VII CONDITIONS PRECEDENT
	  			
			
	 Section 7.1.
	 	 Conditions to Effectiveness
	  	 	125	 
			
	 Section 7.2.
	 	 Conditions to Each Extension of Credit
	  	 	128	 
		
	 ARTICLE VIII AFFIRMATIVE COVENANTS
	  			
			
	 Section 8.1.
	 	 Financial Statements
	  	 	129	 
			
	 Section 8.2.
	 	 Certificates; Other Information
	  	 	130	 
			
	 Section 8.3.
	 	 Lines of Business
	  	 	132	 
			
	 Section 8.4.
	 	 Taxes
	  	 	133	 
			
	 Section 8.5.
	 	 Maintenance of Existence; Compliance with Law
	  	 	133	 
			
	 Section 8.6.
	 	 Maintenance of Property; Insurance
	  	 	133	 
			
	 Section 8.7.
	 	 Inspection of Property; Books and Records; Discussions
	  	 	133	 
			
	 Section 8.8.
	 	 Notices
	  	 	134	 
			
	 Section 8.9.
	 	 Environmental Laws
	  	 	135	 
			
	 Section 8.10.
	 	 Additional Subsidiary Guarantors
	  	 	135	 
			
	 Section 8.11.
	 	 Use of Proceeds and Letters of Credit
	  	 	135	 
			
	 Section 8.12.
	 	 Know Your Customer
	  	 	136	 
			
	 Section 8.13.
	 	 Maintenance of REIT Status; Stock Exchange Listing; Further Assurances
	  	 	136	 

							
			
	 Section 8.14.
	 	 Approvals and Authorizations
	  	 	136	 
			
	 Section 8.15.
	 	 Payment of Obligations
	  	 	136	 
		
	 ARTICLE IX NEGATIVE COVENANTS
	  			
			
	 Section 9.1.
	 	 Financial Covenants
	  	 	137	 
			
	 Section 9.2.
	 	 Indebtedness
	  	 	137	 
			
	 Section 9.3.
	 	 Liens
	  	 	137	 
			
	 Section 9.4.
	 	 Fundamental Changes
	  	 	138	 
			
	 Section 9.5.
	 	 Restricted Payments
	  	 	139	 
			
	 Section 9.6.
	 	 Transactions with Affiliates
	  	 	139	 
			
	 Section 9.7.
	 	 Amendments to Governing Documents
	  	 	140	 
			
	 Section 9.8.
	 	 No Further Negative Pledges
	  	 	140	 
			
	 Section 9.9.
	 	 Use of Proceeds
	  	 	141	 
			
	 Section 9.10.
	 	 Investments
	  	 	141	 
			
	 Section 9.11.
	 	 Changes in Fiscal Periods
	  	 	141	 
			
	 Section 9.12.
	 	 Asset Sales
	  	 	141	 
			
	 Section 9.13.
	 	 Environmental Matters
	  	 	141	 
			
	 Section 9.14.
	 	 Sanctions; Anti-Corruption; Anti-Money Laundering
	  	 	142	 
			
	 Section 9.15.
	 	 Change in Nature of Business
	  	 	142	 
		
	 ARTICLE X EVENTS OF DEFAULT
	  			
			
	 Section 10.1.
	 	 Events of Default
	  	 	142	 
			
	 Section 10.2.
	 	 Application of Funds
	  	 	145	 
		
	 ARTICLE XI THE AGENTS
	  			
			
	 Section 11.1.
	 	 Appointment
	  	 	146	 
			
	 Section 11.2.
	 	 Delegation of Duties
	  	 	147	 
			
	 Section 11.3.
	 	 Exculpatory Provisions
	  	 	147	 

							
			
	 Section 11.4.
	 	 Reliance by Agent
	  	 	148	 
			
	 Section 11.5.
	 	 Notice of Default
	  	 	149	 
			
	 Section 11.6.
	 	 Non-Reliance on Agents and Other Lenders
	  	 	149	 
			
	 Section 11.7.
	 	 Indemnification
	  	 	150	 
			
	 Section 11.8.
	 	 Agent in Its Individual Capacity
	  	 	150	 
			
	 Section 11.9.
	 	 Successor Agent
	  	 	151	 
			
	 Section 11.10.
	 	 Bookrunners; Lead Arrangers; Syndication Agents; Documentation Agents
	  	 	152	 
			
	 Section 11.11.
	 	 Agents May File Proofs of Claim
	  	 	152	 
			
	 Section 11.12.
	 	 Guaranty Matters
	  	 	153	 
			
	 Section 11.13.
	 	 Certain ERISA Matters
	  	 	153	 
		
	 ARTICLE XII MISCELLANEOUS
	  			
			
	 Section 12.1.
	 	 Amendments and Waivers
	  	 	155	 
			
	 Section 12.2.
	 	 Notices
	  	 	158	 
			
	 Section 12.3.
	 	 No Waiver; Cumulative Remedies; Enforcement
	  	 	160	 
			
	 Section 12.4.
	 	 Survival of Representations and Warranties
	  	 	161	 
			
	 Section 12.5.
	 	 Payment of Expenses; Damages Waiver
	  	 	161	 
			
	 Section 12.6.
	 	 Successors and Assigns; Participations and Assignments
	  	 	163	 
			
	 Section 12.7.
	 	 Adjustments; Set-off; Payments Set Aside
	  	 	169	 
			
	 Section 12.8.
	 	 Counterparts
	  	 	170	 
			
	 Section 12.9.
	 	 Severability
	  	 	170	 
			
	 Section 12.10.
	 	 Integration
	  	 	171	 
			
	 Section 12.11.
	 	 GOVERNING LAW
	  	 	171	 
			
	 Section 12.12.
	 	 Submission to Jurisdiction; Waivers
	  	 	171	 
			
	 Section 12.13.
	 	 No Advisory or Fiduciary Responsibility
	  	 	172	 
			
	 Section 12.14.
	 	 Interest Rate Limitation
	  	 	172	 

							
			
	 Section 12.15.
	 	 The Banking Code of Practice (Australia)
	  	 	173	 
			
	 Section 12.16.
	 	 Confidentiality
	  	 	173	 
			
	 Section 12.17.
	 	 WAIVERS OF JURY TRIAL
	  	 	174	 
			
	 Section 12.18.
	 	 Patriot Act
	  	 	174	 
			
	 Section 12.19.
	 	 Electronic Execution of Assignments and Certain Other Documents
	  	 	175	 
			
	 Section 12.20.
	 	 ENTIRE AGREEMENT
	  	 	175	 
			
	 Section 12.21.
	 	 Acknowledgement and Consent to Bail-In of Affected
Financial Institutions
	  	 	175	 
			
	 Section 12.22.
	 	 Judgment Currency
	  	 	176	 
			
	 Section 12.23.
	 	 Acknowledgement Regarding Any Supported QFCs
	  	 	176	 
			
	 Section 12.24.
	 	 Guarantors on the Closing Date
	  	 	177	 
		
	 ARTICLE XIII CONTINUING GUARANTY
	  			
			
	 Section 13.1.
	 	 Guaranty
	  	 	177	 
			
	 Section 13.2.
	 	 Rights of Creditor Parties
	  	 	178	 
			
	 Section 13.3.
	 	 Certain Waivers
	  	 	178	 
			
	 Section 13.4.
	 	 Obligations Independent
	  	 	178	 
			
	 Section 13.5.
	 	 Subrogation
	  	 	179	 
			
	 Section 13.6.
	 	 Termination; Reinstatement
	  	 	179	 
			
	 Section 13.7.
	 	 Subordination
	  	 	179	 
			
	 Section 13.8.
	 	 Stay of Acceleration
	  	 	179	 
			
	 Section 13.9.
	 	 Condition of Borrowers
	  	 	179	 
			
	 Section 13.10.
	 	 Keepwell
	  	 	180	 
			
	 Section 13.11.
	 	 Termination
	  	 	180	 
		
	 ARTICLE XIV DEFINITIONS
	  			
			
	 Section 14.1.
	 	 Defined Terms
	  	 	1	 
			
	 Section 14.2.
	 	 Other Defined Terms
	  	 	1	 

							
		
	 ARTICLE XV GUARANTEE
	  			
			
	 Section 15.1.
	 	 Guarantee
	  	 	2	 
			
	 Section 15.2.
	 	 Guarantee of Payment; Continuing Guarantee
	  	 	2	 
			
	 Section 15.3.
	 	 No Limitations
	  	 	3	 
			
	 Section 15.4.
	 	 Reinstatement
	  	 	3	 
			
	 Section 15.5.
	 	 Agreement to Pay; Subrogation
	  	 	4	 
			
	 Section 15.6.
	 	 Information
	  	 	4	 
			
	 Section 15.7.
	 	 Keepwell
	  	 	4	 
		
	 ARTICLE XVI [RESERVED.]
	  			
		
	 ARTICLE XVII REMEDIES
	  			
			
	 Section 17.1.
	 	 Remedies Upon Default
	  	 	4	 
			
	 Section 17.2.
	 	 Application of Proceeds
	  	 	5	 
		
	 ARTICLE XVIII INDEMNITY, SUBROGATION, CONTRIBUTION AND SUBORDINATION
	  			
			
	 Section 18.1.
	 	 Indemnity and Subrogation
	  	 	5	 
			
	 Section 18.2.
	 	 Contribution and Subrogation
	  	 	5	 
			
	 Section 18.3.
	 	 Subordination
	  	 	6	 
		
	 ARTICLE XIX MISCELLANEOUS
	  			
			
	 Section 19.1.
	 	 Notices
	  	 	6	 
			
	 Section 19.2.
	 	 Waivers; Amendment
	  	 	6	 
			
	 Section 19.3.
	 	 Administrative Agent’s Fees and Expenses; Indemnification
	  	 	7	 
			
	 Section 19.4.
	 	 Survival
	  	 	7	 
			
	 Section 19.5.
	 	 Counterparts; Effectiveness; Successors and Assigns
	  	 	8	 
			
	 Section 19.6.
	 	 Severability
	  	 	8	 
			
	 Section 19.7.
	 	 Governing Law; Jurisdiction; Consent to Service of Process
	  	 	8	 
			
	 Section 19.8.
	 	 WAIVER OF JURY TRIAL
	  	 	9	 

							
			
	 Section 19.9.
	 	 Headings
	  	 	9	 
			
	 Section 19.10.
	 	 [Reserved.]
	  	 	9	 
			
	 Section 19.11.
	 	 Termination
	  	 	9	 
			
	 Section 19.12.
	 	 Additional Subsidiaries
	  	 	9	 

 Schedules 
  

							
	 Schedule I
	 	 Subsidiary Loan Party Information
	  			

 Exhibits 
  

							
	 Exhibit I
	 	 Form of Supplement
	  			

 GUARANTEE AGREEMENT dated as of March 26, 2020 (this “Agreement”),
among Americold Realty Operating Partnership, L.P., the Subsidiary Loan Parties from time to time party hereto and Bank of America, N.A. as administrative agent (in such capacity, the “Administrative Agent”). 

Reference is made to the Credit Agreement dated as of March 26, 2020 (as amended, restated, supplemented or otherwise modified from time
to time, the “Credit Agreement”), among Americold Realty Operating Partnership, L.P., a Delaware limited partnership (the “Parent Borrower”), Americold Realty Trust, a Maryland real estate investment trust, the
Designated Borrowers from time to time party thereto (each such Designated Borrower, together with the Parent Borrower, collectively, the “Borrowers” and each a “Borrower”), the several Lenders and the Letter of
Credit Issuers from time to time party thereto and the Administrative Agent. The Lenders and Letter of Credit Issuers have agreed to extend credit to the Borrowers on the terms and subject to the conditions set forth in the Credit Agreement. The
obligations of the Lenders and the Letter of Credit Issuers to extend such credit are conditioned upon, among other things, the execution and delivery of this Agreement. The Subsidiary Loan Parties are Affiliates of the Borrowers, will derive
substantial benefits from the extension of credit to the Borrowers pursuant to the Credit Agreement and are willing to execute and deliver this Agreement in order to induce the Lenders and the Letter of Credit Issuers to extend such credit.
Accordingly, the parties hereto agree as follows: 
 ARTICLE XIV 

DEFINITIONS 

Section 14.1. Defined Terms. (a)Each capitalized term used but not defined herein and defined in the Credit
Agreement shall have the meaning specified in the Credit Agreement. 
 (b) The rules of construction specified in Section 1.2 of the
Credit Agreement also apply to this Agreement, mutatis mutandis. 
 Section 14.2. Other Defined Terms. As used in
this Agreement, the following terms have the meanings specified below: 
 “Administrative Agent” has the meaning assigned
to such term in the Preamble hereto. 
 “Agreement” has the meaning assigned to such term in the Preamble hereto. 

“Borrower” and “Borrowers” have the meanings assigned to such terms in the Recitals hereto. 

“Claiming Party” has the meaning assigned to such term in Section 5.02. 

“Contributing Party” has the meaning assigned to such term in Section 5.02. 

“Credit Agreement” has the meaning assigned to such term in the Recitals hereto. 

“Guarantors” means, collectively, the Parent Borrower and each Subsidiary Loan Party. 

 “Indemnified Amount” has the meaning assigned to such term in
Section 5.02. 
 “Qualified ECP Guarantor” means, in respect of any Specified Swap Obligation,
each Loan Party that has total assets exceeding $10,000,000 at the time the relevant Guarantee Obligation becomes or would become effective with respect to such Specified Swap Obligation and each other Loan Party that constitutes an
“eligible contract participant” under the Commodity Exchange Act and can cause another person to qualify as an “eligible contract participant” at such time by guaranteeing or entering into a keepwell in respect of
obligations of such other person under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 
 “Specified Loan
Party” means any Loan Party that is not an “eligible contract participant” under the Commodity Exchange Act (determined prior to giving effect to Section 2.07). 

“Subsidiary Loan Parties” means, collectively, (a) the Subsidiaries of the Company identified on Schedule I and
(b) each other Subsidiary of the Company that becomes a party to this Agreement after the Closing Date. 
 “Supplement”
means an instrument substantially in the form of Exhibit I hereto, or any other form approved by the Administrative Agent, and in each case reasonably satisfactory to the Administrative Agent. 

ARTICLE XV 
 GUARANTEE

 Section 15.1. Guarantee. Each Guarantor irrevocably and unconditionally guarantees, jointly with the other
Guarantors and severally, as a primary obligor and not merely as a surety, the due and punctual payment and performance of the Obligations. Each Guarantor further agrees that the Obligations may be extended or renewed, in whole or in part, or
amended or modified, without notice to or further assent from it, and that, except as otherwise expressly provided in Section 6.11, it will remain bound upon its guarantee hereunder notwithstanding any extension, renewal,
amendment or modification of any Obligation. Each Guarantor waives presentment to, demand of payment from and protest to the Parent Borrower or any other Loan Party of any of the Obligations, and also waives notice of acceptance of its guarantee
hereunder and notice of protest for nonpayment. 
 Section 15.2. Guarantee of Payment; Continuing Guarantee. Each
Guarantor further agrees that its guarantee hereunder constitutes a guarantee of payment when due (whether or not any bankruptcy, insolvency, receivership or other similar proceeding shall have stayed the accrual or collection of any of the
Obligations or operated as a discharge thereof) and not merely of collection, and waives any right to require that any resort be had by the Administrative Agent or any other Creditor Party to any balance of any deposit account or credit on the books
of the Administrative Agent or any other Creditor Party in favor of any Borrower, any other Loan Party or any other Person. Each Guarantor agrees that its guarantee hereunder is continuing in nature and applies to all Obligations, whether currently
existing or hereafter incurred. 

  
 2 

 Section 15.3. No Limitations. (a)Except for the termination or
release of a Guarantor’s obligations hereunder as expressly provided in Section 6.11, the obligations of each Guarantor hereunder shall not be subject to any reduction, limitation, impairment or termination for any
reason, including any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense or set-off, counterclaim, recoupment or termination whatsoever by reason of the
invalidity, illegality or unenforceability of the Obligations, any impossibility in the performance of the Obligations or otherwise (other than a defense of the indefeasible payment in full in cash of all the Obligations or the performance in full
of all the Obligations). Without limiting the generality of the foregoing, except as otherwise expressly provided in Section 6.11, the obligations of each Guarantor hereunder shall not be discharged or impaired or otherwise
affected by (i) the failure of the Administrative Agent or any other Creditor Party to assert any claim or demand or to enforce any right or remedy under the provisions of any Loan Document or otherwise; (ii) any rescission, waiver,
amendment or modification of, or any release from any of the terms or provisions of, any Loan Document or any other agreement, including with respect to any other Guarantor under this Agreement; (iii) any default, failure or delay, willful or
otherwise, in the performance of any of the Obligations; or (iv) any other act or omission that may or might in any manner or to any extent vary the risk of any Guarantor or otherwise operate as a discharge of any Guarantor as a matter of law
or equity (other than the indefeasible payment in full in cash of all the Obligations or the performance in full of all the Obligations). 

(b) To the fullest extent permitted by applicable law, each Guarantor waives any defense based on or arising out of any defense of any Borrower
or any other Loan Party or the unenforceability of the Obligations or any part thereof from any cause, or the cessation from any cause of the liability of any Borrower or any other Loan Party, other than the indefeasible payment in full in cash of
all the Obligations or the performance in full of all the Obligations. Upon the occurrence and during the continuance of an Event of Default, the Administrative Agent and the other Creditor Parties may, at their election, compromise or adjust any
part of the Obligations, make any other accommodation with any Borrower or any other Loan Party or exercise any other right or remedy available to them against any Borrower or any other Loan Party, without affecting or impairing in any way the
liability of any Guarantor hereunder except to the extent the Obligations have been fully and indefeasibly paid in full in cash (other than any Specified Cash Management Obligations, Specified Swap Obligations or contingent indemnification
obligations and other contingent obligations not then due or asserted). To the fullest extent permitted by applicable law, each Guarantor waives any defense arising out of any such election even though such election operates, pursuant to applicable
law, to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of such Guarantor against any Borrower or any other Loan Party, as the case may be. 

Section 15.4. Reinstatement. Each Guarantor agrees that this Agreement and its guarantee hereunder shall continue to be
effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Obligation is rescinded or must otherwise be restored by the Administrative Agent or any other Creditor Party upon the bankruptcy, insolvency,
dissolution, liquidation or reorganization of any Borrower, any other Loan Party or otherwise. 

  
 3 

 Section 15.5. Agreement to Pay; Subrogation. In furtherance of the
foregoing and not in limitation of any other right that the Administrative Agent or any other Creditor Party has at law or in equity against any Guarantor by virtue hereof, upon the failure of any Borrower or any other Loan Party to pay any
Obligation when and as the same shall become due, whether at maturity, by acceleration, after notice of prepayment or otherwise, each Guarantor hereby promises to and will forthwith pay, or cause to be paid, to the Administrative Agent for
distribution to the applicable Creditor Parties in cash the amount of such unpaid Obligation. Upon payment by any Guarantor of any sums to the Administrative Agent as provided above, all rights of such Guarantor against any Borrower or any other
Loan Party arising as a result thereof by way of right of subrogation, contribution, reimbursement, indemnity or otherwise shall in all respects be subject to Article V. 

Section 15.6. Information. Each Guarantor (a) assumes all responsibility for being and keeping itself informed of each
Borrower’s and each other Loan Party’s financial condition and assets, and of all other circumstances bearing upon the risk of nonpayment of the Obligations and the nature, scope and extent of the risks that such Guarantor assumes and
incurs hereunder, and (b) agrees that none of the Administrative Agent or the other Creditor Parties will have any duty to advise such Guarantor of information known to it or any of them regarding such circumstances or risks. 

Section 15.7. Keepwell. Each Qualified ECP Guarantor hereby jointly and severally absolutely, unconditionally and
irrevocably undertakes to provide such funds or other support as may be needed from time to time by each Specified Loan Party to honor all of its obligations under this Agreement in respect of Specified Swap Obligations (provided,
however, that each Qualified ECP Guarantor shall only be liable under this Section 2.07 for the maximum amount of such liability that can be hereby incurred without rendering its obligations under this
Section 2.07 or otherwise under this Agreement voidable under applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations of each Qualified ECP Guarantor under
this Section 2.07 shall remain in full force and effect until the indefeasible payment in full in cash of all the Obligations (other than Specified Cash Management Obligations, Specified Swap Obligations or contingent
indemnification obligations and other contingent obligations, in each case not then due or asserted). Each Qualified ECP Guarantor intends that this Section 2.07 constitute, and this Section 2.07
shall be deemed to constitute, a “keepwell, support, or other agreement” for the benefit of each other Loan Party for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 

ARTICLE XVI 

[RESERVED.] 
 ARTICLE
XVII 
 REMEDIES 

Section 17.1. Remedies Upon Default. Upon the occurrence and during the continuance of an Event of Default, it is agreed
that the Administrative Agent shall have the right to exercise any and all rights afforded under applicable law. 

  
 4 

 Section 17.2. Application of Proceeds. The Administrative Agent shall
apply the proceeds resulting from any exercise of remedies hereunder as follows: 
 FIRST, to the payment in full of the
Obligations in accordance with Section 10.2 of the Credit Agreement (the amounts so applied to be distributed among the Creditor Parties pro rata in accordance with the amounts of the Obligations owed to them on the date of any such
distribution); and 
 SECOND, to the Guarantors, their successors or assigns, or as a court of competent jurisdiction may
otherwise direct in accordance with Section 10.2 of the Credit Agreement. 
 The Administrative Agent shall have absolute discretion as to the time of
application of any such proceeds, moneys or balances in accordance with this Agreement. The Guarantors shall remain liable for any deficiency if the proceeds from the exercise remedies hereunder are insufficient to pay all Obligations, including any
attorneys’ fees and other expenses incurred by Administrative Agent or any Lender to collect such deficiency. Notwithstanding the foregoing, the proceeds of any exercise of remedies hereunder shall not be applied to any Excluded Swap Obligation
of such Guarantor and shall instead be applied to other Obligations. 
 ARTICLE XVIII 

INDEMNITY, SUBROGATION, CONTRIBUTION AND SUBORDINATION 

Section 18.1. Indemnity and Subrogation. In addition to all such rights of indemnity and subrogation as the Guarantors may
have under applicable law (but subject to Section 5.03), the Parent Borrower agrees that in the event a payment in respect of any Obligation shall be made by any Guarantor under this Agreement, the Parent Borrower shall
indemnify such Guarantor for the full amount of such payment and such Guarantor shall be subrogated to the rights of the Person to whom such payment shall have been made to the extent of such payment. 

Section 18.2. Contribution and Subrogation. Each Guarantor (each such Guarantor being called a “Contributing
Party”) agrees (subject to Section 5.03) that, in the event a payment shall be made by any other Guarantor hereunder in respect of any Obligation to satisfy any Obligation and such other Guarantor (the
“Claiming Party”) shall not have been fully indemnified by the Parent Borrower as provided in Section 5.01, such Contributing Party shall indemnify the Claiming Party in an amount equal to the amount of
such payment (the “Indemnified Amount”), multiplied by a fraction of which the numerator shall be the net worth of such Contributing Party on the date hereof and the denominator shall be the aggregate net worth of all the
Contributing Parties on the date hereof (or, in the case of any Contributing Party becoming a party hereto pursuant to Section 6.12, the date of the supplement hereto executed and delivered by such Contributing Party). Any
Contributing Party making any payment to a Claiming Party pursuant to this Section 5.02 shall (subject to Section 5.03) be subrogated to the rights of such Claiming Party under
Section 5.01 to the extent of such payment. Notwithstanding the foregoing, to the extent that any Claiming Party’s right to indemnification hereunder arises from a payment made to satisfy Obligations constituting
Specified Swap Obligations, only those Contributing Parties for whom such Specified Swap Obligations do not constitute Excluded Swap Obligations shall indemnify such Claiming Party, with the fraction set forth in the second preceding sentence being
modified as appropriate to provide for indemnification of the entire Indemnified Amount. 

  
 5 

 Section 18.3. Subordination. (a)Notwithstanding any provision of this
Agreement to the contrary, all rights of the Guarantors under Sections 5.01 and 5.02 and all other rights of the Guarantors of indemnity, contribution or subrogation under applicable law or otherwise shall be fully subordinated to the
indefeasible payment in full in cash of the Obligations. No failure on the part of any Borrower or any other Guarantor to make the payments required by Sections 5.01 and 5.02 (or any other payments required under applicable law or
otherwise) shall in any respect limit the obligations and liabilities of any Guarantor with respect to its obligations hereunder, and each Guarantor shall remain liable for the full amount of the obligations of such Guarantor hereunder. 

(b) Each Guarantor hereby agrees that all Indebtedness and other monetary obligations owed by it to, or to it by, any other Guarantor or any
other Subsidiary of the Company shall be fully subordinated to the indefeasible payment in full in cash of the Obligations. 
 ARTICLE XIX

 MISCELLANEOUS 

Section 19.1. Notices. All communications and notices hereunder shall (except as otherwise expressly permitted herein) be
in writing and given in the manner provided in Section 12.2 of the Credit Agreement. All communications and notices hereunder to any Subsidiary Loan Party shall be given to it in care of the Parent Borrower in the manner provided in
Section 12.2 of the Credit Agreement. 
 Section 19.2. Waivers; Amendment. (a) No failure or delay by
the Administrative Agent, any Letter of Credit Issuer or any Lender in exercising any right or power hereunder or under any other Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power,
or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the Administrative Agent, the Letter of Credit
Issuers and the Lenders hereunder and under the other Loan Documents are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or consent to any departure by any Loan
Party therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section 6.02, and then such waiver or consent shall be effective only in the specific instance and for the
purpose for which given. Without limiting the generality of the foregoing, the execution and delivery of this Agreement, the making of a Loan or issuance, amendment, renewal or extension of a Letter of Credit shall not be construed as a waiver of
any Default, regardless of whether the Administrative Agent, any Lender or any Letter of Credit Issuer may have had notice or knowledge of such Default at the time. No notice or demand on any Loan Party in any case shall entitle any Loan Party to
any other or further notice or demand in similar or other circumstances. 
 (b) Neither this Agreement nor any provision hereof may be
waived, amended or modified except pursuant to an agreement or agreements in writing entered into by the Administrative Agent and the Loan Party or Loan Parties with respect to which such waiver, amendment or modification is to apply, subject to any
consent required in accordance with Section 12.1 of the Credit Agreement; provided that the Administrative Agent may, without the consent of any Creditor Party, consent to a departure by any Loan Party from any covenant of such Loan
Party set forth herein to the extent such departure is not inconsistent with any limitation on the authority of the Administrative Agent set forth in the Credit Agreement. 

  
 6 

 (c) This Agreement shall be construed as a separate agreement with respect to each Loan
Party and may be amended, modified, supplemented, waived or released with respect to any Loan Party without the approval of any other Loan Party and without affecting the obligations of any other Loan Party hereunder. 

Section 19.3. Administrative Agent’s Fees and Expenses; Indemnification. (a)The Guarantors
jointly and severally agree to reimburse the Administrative Agent for its fees and expenses incurred hereunder as provided in Section 12.5 of the Credit Agreement as if each reference therein to the Borrowers were a reference to the Guarantors.

 (b) The Guarantors jointly and severally agree to indemnify and hold harmless each Indemnitee as provided in Section 12.5 of the
Credit Agreement as if each reference to the Borrowers therein were a reference to the Guarantors. 
 (c) Any amounts payable hereunder,
including as provided in Section 6.03(a) or 6.03(b), shall be additional Obligations. All amounts due under Section 6.03(a) or 6.03(b) shall be payable promptly after written demand
therefor. 
 (d) To the extent permitted by applicable law, no Guarantor shall assert, or permit any of its subsidiaries to assert, and each
Guarantor hereby waives, any claim against any Indemnitee (i) for any damages arising from the use by others of information or other materials obtained through telecommunications, electronic or other information transmission systems (including
the Internet), unless determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee, or (ii) on any theory of liability, for special,
indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the
Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. 
 (e) BY ACCEPTING THE BENEFITS OF THIS AGREEMENT AND THE
GUARANTEES CREATED HEREBY, EACH CREDITOR PARTY ACKNOWLEDGES THE PROVISIONS OF ARTICLE XI OF THE CREDIT AGREEMENT AND AGREES TO BE BOUND BY SUCH PROVISIONS AS FULLY AS IF THEY WERE SET FORTH HEREIN. 

Section 19.4. Survival. All covenants, agreements, representations and warranties made hereunder, in any other Loan
Document and in any document, certificate or statement delivered pursuant hereto or thereto, or in connection herewith or therewith, shall survive the execution and delivery hereof and thereof and the making of the Loans and other extensions of
credit hereunder. Such representations and warranties have been or will be relied upon by the Administrative Agent, each Letter of Credit Issuer and each Lender, regardless of any investigation made by the Administrative Agent, any Letter of Credit
Issuer or any Lender or on their behalf and notwithstanding that the Administrative Agent, any Letter of Credit Issuer or any Lender may have had notice or knowledge of any Default or Event of Default at the time of any

  
 7 

 
Loan or L/C Credit Extension, and shall continue in full force and effect until Payment in Full. The provisions of Section 6.03 shall survive and remain in full force
and effect regardless of the consummation of the transactions contemplated by the Loan Documents, the repayment of the Loans, the expiration or termination of the Letters of Credit (other than any Letter of Credit that has been Cash Collateralized)
and the Commitments or the termination of this Agreement or any provision hereof. 
 Section 19.5. Counterparts; Effectiveness;
Successors and Assigns. This Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original but all of which when taken together shall constitute a single
contract. This Agreement shall become effective as to any Loan Party when a counterpart hereof executed on behalf of such Loan Party shall have been delivered to the Administrative Agent and a counterpart hereof shall have been executed on behalf of
the Administrative Agent, and thereafter shall be binding upon such Loan Party and the Administrative Agent and their respective successors and assigns, and shall inure to the benefit of such Loan Party, the Administrative Agent and the other
Creditor Parties and their respective successors and assigns, except that no Loan Party may assign or otherwise transfer any of its rights or obligations hereunder or any interest herein (and any attempted assignment or transfer by any Loan Party
shall be null and void), except as expressly contemplated by this Agreement or the Credit Agreement. Delivery of an executed counterpart of a signature page of this Agreement by facsimile or other electronic imaging shall be effective as delivery of
a manually executed counterpart of this Agreement. 
 Section 19.6. Severability. If any provision of this Agreement is
prohibited, illegal, invalid or unenforceable in any jurisdiction, (a) such provision 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 and (b) the parties shall endeavor in good faith negotiations to replace the prohibited, illegal,
invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the prohibited, illegal, invalid or unenforceable provisions.. 

Section 19.7. Governing Law; Jurisdiction; Consent to Service of Process. (a)THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS
OF THE PARTIES UNDER THIS AGREEMENT, AND ANY CLAIM, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF RELATING TO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY, SHALL BE GOVERNED
BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
 (b) Each party hereto hereby irrevocably and
unconditionally: (i) submits for itself and its property in any legal action or proceeding relating to this Agreement, or for recognition and enforcement of any judgment in respect thereof, to the exclusive general jurisdiction of the courts of
the State of New York in New York County, the courts of the United States for the Southern District of New York, and appellate courts from any thereof; (ii) consents that any such action or proceeding may be brought in such courts and waives
any objection that it may now or hereafter have to the venue of any such action or proceeding in any such court or that such action or 

  
 8 

 
proceeding was brought in an inconvenient court and agrees not to plead or claim the same; (iii) agrees that service of process in any such action or proceeding may be effected by mailing a
copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to its address set forth in Section 12.2 of the Credit Agreement or at such other address of which the Administrative Agent shall have
been notified pursuant thereto; and (iv) agrees that nothing herein shall affect the right to effect service of process in any other manner permitted by law or shall limit the right of the Administrative Agent or any Creditor Party to sue or
bring an enforcement action relating to this Agreement in any other jurisdiction. 
 Section 19.8. WAIVER OF JURY TRIAL. EACH
PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY AND FOR ANY
COUNTERCLAIM THEREIN (IN EACH CASE, WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER
PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE
MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 6.08. 
 Section 19.9. Headings. Article and Section headings and the
Table of Contents used herein are for convenience of reference only, are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. 

Section 19.10. [Reserved.]. 

Section 19.11. Termination or Release. (a)This Agreement and the Guarantee Obligations made herein shall, subject to
Section 2.04, terminate and be released (all without delivery of any instrument or performance of any act by any Person) upon Payment in Full. 

(b) A Subsidiary Loan Party may be released from its Guarantee Obligations under the Loan Documents in accordance with Section 11.12 of
the Credit Agreement. 
 (c) In connection with any termination or release pursuant to this Section 6.11, the
Administrative Agent shall execute and deliver to any Loan Party, at such Loan Party’s expense, all documents that such Loan Party shall reasonably request to evidence such termination or release. Any execution and delivery of documents by the
Administrative Agent pursuant to this Section 6.11 shall be without recourse to or warranty by the Administrative Agent. 

Section 19.12. Additional Subsidiaries. Pursuant to the Credit Agreement, certain Subsidiaries of the Company not party
hereto on the Closing Date are required to enter into this Agreement. Upon the execution and delivery by the Administrative Agent and any such Subsidiary of a Supplement, such Subsidiary shall become a Subsidiary Loan Party and a Guarantor
hereunder, with the same force and effect as if originally named as such herein. The execution and delivery of any Supplement shall not require the consent of any other Loan Party. The rights and obligations of each Loan Party hereunder shall remain
in full force and effect notwithstanding the addition of any new Subsidiary Loan Party as a party to this Agreement. 
 [Signature Pages
Follow] 

  
 9 

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

			
	AMERICOLD REALTY OPERATING PARTNERSHIP, L.P.
		
	    by	 	  

		 	Name: [Type Signatory Name]
		 	Title:   [Type Signatory Title]]

 [Signature Page to Americold Guarantee Agreement] 

 
			
	 AMERICOLD LOGISTICS, LLC
 AMERICOLD
REAL ESTATE, L.P. 
 AMERICOLD TRS PARENT, LLC
 ART AL HOLDING
LLC 
 CHAMBERSBURG COLD STORAGE LIMITED PARTNERSHIP
 LANIER
COLD STORAGE, LLC
 MHW GROUP AT PERRYVILLE, LLC
 SAVANNAH COLD
STORAGE, LLC
 VERSACOLD USA LLC

		
	    by	 	  

		 	Name: [Type Signatory Name]
		 	Title:   [Type Signatory Title]

 [Signature Page to Americold Guarantee Agreement] 

 
			
	AMERICOLD REALTY OPERATIONS, INC.
		
	    by	 	  

		 	Name: [Type Signatory Name]
		 	Title:   [Type Signatory Title]

 [Signature Page to Americold Guarantee Agreement] 

 
			
	 BANK OF AMERICA, N.A., as

Administrative Agent

		
	    by	 	  

		 	Name:
		 	Title:

 [Signature Page to Americold Guarantee Agreement] 

 Schedule I to 

the Guarantee Agreement 

Subsidiary Loan Party Information 
  

					
	 Name
	  	 Jurisdiction of Organization
	  	 Chief Executive Office

	AmeriCold Logistics, LLC 	  	Delaware	  	 c/o Americold Logistics
 10 Glenlake Parkway

South Tower, Suite 600
 Atlanta, Georgia 30328

			
	AmeriCold Real Estate, L.P. 	  	Delaware	  	 c/o Americold Logistics
 10 Glenlake Parkway

South Tower, Suite 600
 Atlanta, Georgia 30328

			
	AmeriCold TRS Parent, LLC	  	Delaware	  	 c/o Americold Logistics
 10 Glenlake Parkway

South Tower, Suite 600
 Atlanta, Georgia 30328

			
	ART AL Holding LLC 	  	Delaware	  	 c/o Americold Logistics
 10 Glenlake Parkway

South Tower, Suite 600
 Atlanta, Georgia 30328

			
	Chambersburg Cold Storage Limited Partnership	  	Maryland	  	 c/o Americold Logistics
 10 Glenlake Parkway

South Tower, Suite 600
 Atlanta, Georgia 30328

			
	Lanier Cold Storage, LLC	  	Georgia	  	 c/o Americold Logistics
 10 Glenlake Parkway

South Tower, Suite 600
 Atlanta, Georgia 30328

			
	MHW Group at Perryville, LLC	  	Maryland	  	 c/o Americold Logistics
 10 Glenlake Parkway

South Tower, Suite 600
 Atlanta, Georgia 30328

			
	Savannah Cold Storage, LLC	  	Delaware	  	 c/o Americold Logistics
 10 Glenlake Parkway

South Tower, Suite 600
 Atlanta, Georgia 30328

			
	Versacold USA LLC	  	Delaware	  	 c/o Americold Logistics
 10 Glenlake Parkway

South Tower, Suite 600
 Atlanta, Georgia 30328

			
	Americold Realty Operations, Inc. 	  	Delaware	  	 c/o Americold Logistics
 10 Glenlake Parkway

South Tower, Suite 600
 Atlanta, Georgia 30328

 Exhibit I to the 

Guarantee Agreement 
 SUPPLEMENT
NO. __ dated as of [•], 20[•] (this “Supplement”), to the Guarantee Agreement dated as of March 26, 2020, (the “Guarantee Agreement”), among Americold Realty Operating Partnership, L.P., a Delaware
limited partnership (the “Parent Borrower”), each Person listed on Schedule I thereto (each such Person individually a “Subsidiary Loan Party” and, collectively, the “Subsidiary Loan
Parties”) and BANK OF AMERICA, N.A., a national banking association, as administrative agent (in such capacity, the “Administrative Agent”). 

A. Reference is made to the Credit Agreement dated as of March 26, 2020 (as amended, restated, supplemented or otherwise modified from
time to time, the “Credit Agreement”), among the Parent Borrower, Americold Realty Trust, a Maryland real estate investment trust (the “Company”), the Designated Borrowers from time to time party thereto, the
several Lenders and the Letter of Credit Issuers from time to time party thereto and the Administrative Agent. 
 B. Capitalized terms used
herein and not otherwise defined herein shall have the meanings assigned to such terms in the Guarantee Agreement and the Credit Agreement referred to therein, as applicable. 

C. The Guarantors have entered into the Guarantee Agreement in order to induce the Lenders and the Letter of Credit Issuers to make extensions
of credit to the Borrowers under the Credit Agreement. Section 6.12 of the Guarantee Agreement provides that additional Subsidiaries of the Company may become Subsidiary Loan Parties under the Guarantee Agreement by execution and delivery of an
instrument in the form of this Supplement. The undersigned Subsidiary of the Company (the “New Subsidiary”) is executing this Supplement in accordance with the requirements of the Credit Agreement to become a Subsidiary Loan Party,
a Loan Party, and a Guarantor under the Guarantee Agreement in order to induce the Lenders and the Letter of Credit Issuers to make additional extensions of credit under the Credit Agreement and as consideration for such extensions of credit
previously made. 
 Accordingly, the Administrative Agent and the New Subsidiary agree as follows: 

SECTION 1. In accordance with Section 6.12 of the Guarantee Agreement, the New Subsidiary by its signature below becomes a Loan Party, a
Subsidiary Loan Party and a Guarantor under the Guarantee Agreement with the same force and effect as if originally named therein as such, and the New Subsidiary hereby (a) agrees to all the terms and provisions of the Guarantee Agreement
applicable to it in such capacities and (b) represents and warrants that the representations and warranties made by it in such capacities thereunder are true and correct on and as of the date hereof. Each reference to a “Loan
Party,” “Subsidiary Loan Party” or “Guarantor” in the Guarantee Agreement shall be deemed to include the New Subsidiary. The Guarantee Agreement is hereby incorporated herein by reference. 

SECTION 2. The New Subsidiary represents and warrants to the Administrative Agent and the other Creditor Parties that this Supplement has been
duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws
affecting creditors’ rights generally and to general principles of equity, regardless of whether considered in a proceeding in equity or at law and hereby makes each of the representations and warranties applicable to a Guarantor contained in
the Guarantee Agreement. 

 SECTION 3. This Supplement may be executed in counterparts (and by different parties hereto
on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Supplement shall become effective when a counterpart hereof executed on behalf of the New
Subsidiary shall have been delivered to the Administrative Agent and a counterpart hereof shall have been executed on behalf of the Administrative Agent. Delivery of an executed counterpart of a signature page of this Supplement by facsimile or
other electronic imaging shall be effective as delivery of a manually executed counterpart of this Supplement. 
 SECTION 4. The New
Subsidiary hereby represents and warrants that Schedule I sets forth, as of the date hereof, the true and correct legal name of the New Subsidiary, its jurisdiction of organization and the location of its chief executive office. 

SECTION 5. Except as expressly supplemented hereby, the Guarantee Agreement shall remain in full force and effect. 

SECTION 6. THIS SUPPLEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS SUPPLEMENT, AND ANY CLAIM, CONTROVERSY, DISPUTE OR
CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF RELATING TO THIS SUPPLEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY, SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE
OF NEW YORK. 
 SECTION 7. Any provision of this Supplement held to be invalid, illegal or unenforceable in any jurisdiction shall, as
to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a
particular jurisdiction shall not invalidate such provision in any other jurisdiction 
 SECTION 8. All communications and notices hereunder
shall be in writing and given as provided in Section 6.01 of the Guarantee Agreement. 
 SECTION 9. The New Subsidiary agrees to
reimburse the Administrative Agent for its reasonable out-of-pocket expenses, including the reasonable fees, charges and disbursements of counsel, incurred by it in
connection with this Supplement, including the preparation, execution and delivery thereof. 

  
 2 

 Exhibit I to the 

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

 

			
	[NAME OF NEW SUBSIDIARY]
		
	    by	 	  

		 	Name:
		 	Title:   [Type Signatory Title]
	
	 BANK OF AMERICA, N.A.,
 as
Administrative Agent

		
	    by	 	  

		 	Name: [Type Signatory Name]
		 	Title:   [Type Signatory Title]

 [Signature Page to Supplement to Guarantee Agreement] 

 Schedule I 

to Supplement No. __ to the 

Guarantee Agreement 
 New
Subsidiary Loan Party Information 
  

					
	 Name
	 	 Jurisdiction of Organization
	 	 Chief Executive Office

		 		 	
		 		 	
		 		 	

 EXHIBIT B 

FORM OF 
 COMMITTED LOAN NOTICE

 [See attached.] 

 COMMITTED LOAN NOTICE 

Date: ___________, _____1 
 To: Bank of America, N.A., as Administrative Agent 

Ladies and Gentlemen: 
 Reference is made to
that certain Credit Agreement, dated as of March 26, 2020 (as amended, amended and restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement;” the terms defined therein being
used herein as therein defined), among Americold Realty Operating Partnership L.P., a Delaware limited partnership (the “Parent Borrower”), Americold Realty Trust, a Maryland real estate investment trust, the Designated Borrowers
from time to time parties thereto, the several Lenders and Letter of Credit Issuers from time to time party thereto and Bank of America, N.A., as Administrative Agent. 

The Parent Borrower hereby requests, on behalf of itself or a Designated Borrower as indicated below (the “Applicable Borrower”) on [TYPE
REQUESTED FUNDING DATE] (a Business Day) (select one)2: 
 Dollar Tranche Loans 

 

									
	 Indicate:

Borrowing
 or Conversion

or Continuation
	 	 Indicate:

Applicable
 Borrower Name3
	 	 Indicate:

Requested

Amount
	  	 Indicate:

Base Rate Loan
 or

Eurocurrency Loan

or
 LIBOR Floating
Rate
Loans
	  	 For Eurocurrency

Loan

Indicate:
 Interest
Period
 (e.g. 1, 2, 3 or 6 month
interest
period4)

		 	 Americold Realty Operating
 Partnership
L.P.
	 		  		  	

  

	1 	 Note to Parent Borrower. All requests submitted under a single Loan Notice must be effective on the same
date. If multiple effective dates are needed, multiple Loan Notices will need to be prepared and signed. 

	2 	 Note to Parent Borrower. For multiple borrowings, conversions and/or continuations for a particular
facility, fill out a new row for each borrowing/conversion and/or continuation. Insert an additional chart for each Additional TL Tranche added pursuant to Section 2.14 of the Credit Agreement. 

	3 	 Parent Borrower is the only Applicable Borrower with respect to the Dollar Tranche Loans.

	4 	 twelve (12) months or a period of shorter than one month may be selected with the consent of all Dollar Tranche
Lenders. 

 Alternative Currency Tranche Loans 

 

											
	 Indicate:

Borrowing

or Conversion or
Continuation
	 	 Indicate:

Applicable
 Borrower
Name
	 	 Indicate:

Requested Amount
	  	 Indicate:

Currency
	  	 Indicate:

Base Rate Loan
 or

Eurocurrency Loan

or
 LIBOR Floating
Rate
Loans5
	  	 For Eurocurrency Loan

Indicate:
 Interest
Period (e.g.
1, 2, 3 or 6 month
interest period6)

Term A-1 Loan Facility 
  

											
	 Indicate:

Borrowing

or Conversion or
Continuation
	  	 Indicate:

Applicable
 Borrower Name7
	  	 Indicate:

Requested

Amount
	  	 Indicate:
Currency
	  	 Indicate:

Base Rate
Loan

or

Eurocurrency
Loan

or
 LIBOR
Floating
Rate
Loans
	  	 For Eurocurrency Loan

Indicate:
 Interest
Period (e.g. 1, 2,
3 or 6 month interest
period8)

		  	Americold Realty Operating Partnership L.P.	  		  	 Dollars
	  		  	
		  		  		  	 Dollars
	  		  	
		  		  		  	 Dollars
	  		  	

  

	5 	 LIBOR Floating Rate Loans available (whether by Borrowing, conversion or otherwise) only to Parent Borrower,
and Loans denominated in currencies other than Dollars must be Eurocurrency Loans. 

	6 	 twelve (12) months or a period of shorter than one month may be selected with the consent of all
Alternative Currency Tranche Lenders. 

	7 	 Parent Borrower is the only Applicable Borrower with respect to the Term
A-1 Loan Facility. 

	8 	 twelve (12) months or a period of shorter than one month may be selected with the consent of all Term A-1 Lenders. 

  
 2 

 Term A-2 Loan Facility 

 

											
	 Indicate:

Borrowing

or Conversion or
Continuation
	  	 Indicate:

Applicable Borrower
Name
	  	 Indicate:

Requested Amount
	  	 Indicate:

Currency
	  	 Type of Loan:
	  	 Indicate:

Interest Period
(e.g. 1, 2, 3 or 6
month interest
period9)

		  		  		  	 Canadian Dollars
	  	 Eurocurrency Loan
	  	
		  		  		  	 Canadian Dollars
	  	 Eurocurrency Loan
	  	
		  		  		  	 Canadian Dollars
	  	 Eurocurrency Loan
	  	

 The Borrowing of Dollar Tranche Loans, if any, requested herein complies with clauses (4) and (5) of the
proviso to Section 2.1(b)(i) of the Credit Agreement. 
 The Borrowing of Alternative Currency Tranche Loans, if
any, requested herein complies with clauses (4) through (6) of the proviso to Section 2.1(b)(ii) of the Credit Agreement. 

[signature page follows] 
  

 

	9 	 twelve (12) months or a period of shorter than one month may be selected with the consent of all Term A-2 Lenders. 

  
 3 

 
			
	AMERICOLD REALTY OPERATING PARTNERSHIP, L.P.
		
	By:	 	  

	Name:	 	[Type Signatory Name]
	Title:	 	[Type Signatory Title]

  
 4 

 EXHIBIT C-1 

FORM OF 
 COMMITTED BID REQUEST

 [See attached.] 

 BID REQUEST 

To: Bank of America, N.A., as Administrative Agent 
 Ladies and
Gentlemen: 
 Reference is made to that certain Credit Agreement, dated as of March 26, 2020 (as amended, amended and restated,
extended, supplemented or otherwise modified in writing from time to time, the “Agreement;” the terms defined therein being used herein as therein defined), among Americold Realty Operating Partnership L.P., a Delaware limited
partnership (the “Parent Borrower”), Americold Realty Trust, a Maryland real estate investment trust, the Designated Borrowers from time to time parties thereto, the several Lenders and Letter of Credit Issuers from time to time
party thereto and Bank of America, N.A., as Administrative Agent. 
 The Lenders are invited to make Bid Loans: 

1. On
                                         
                                        (a Business
Day). 
 2. In an aggregate amount not exceeding
$                     (with any sublimits set forth below). 

3. Comprised of (select one): 
  

			
	 ☐ Bid Loans based on an Absolute Rate
	  	 ☐ Bid Loans based on Eurocurrency Rate

  

									
	 Bid Loan No.
	  	Interest Period
requested	 	  	Maximum principal
amount requested	 
	 1
	  	 	_______days/mos	 	  	$	                 	 
	 2
	  	 	_______days/mos	 	  	$	                 	 
	 3
	  	 	_______days/mos	 	  	$	                 	 

 The Bid Borrowing requested herein complies with the requirements of the proviso to the first sentence of
Section 2.3(a) of the Agreement. 
 The Parent Borrower authorizes the Administrative Agent to deliver this Bid
Request to the Lenders. Responses by the Lenders must be in substantially the form of Exhibit C-2 to the Agreement and must be received by the Administrative Agent by the time specified in
Section 2.3 of the Agreement for submitting Competitive Bids. 
  

 
			
	AMERICOLD REALTY OPERATING PARTNERSHIP, L.P.
		
	 By:
	 	  

		 	Name: [Type Signatory Name]
		 	Title: [Type Signatory Title]

  

  
 2 

 EXHIBIT C-2 

FORM OF 
 COMPETITIVE BID 

[See attached.] 

 COMPETITIVE BID 

, ____ 
 To: Bank of America, N.A., as
Administrative Agent 
 Ladies and Gentlemen: 

Reference is made to that certain Credit Agreement, dated as of March 26, 2020 (as amended, amended and restated, extended, supplemented
or otherwise modified in writing from time to time, the “Agreement;” the terms defined therein being used herein as therein defined), among Americold Realty Operating Partnership L.P., a Delaware limited partnership (the
“Parent Borrower”), Americold Realty Trust, a Maryland real estate investment trust, the Designated Borrowers from time to time parties thereto, the several Lenders and Letter of Credit Issuers from time to time party thereto and
Bank of America, N.A., as Administrative Agent. 
 In response to the Bid Request
dated             , ____, the undersigned offers to make the following Bid Loan(s): 

1. Borrowing date:
                                        (a
Business Day). 
 2. In an aggregate amount not exceeding
$                     (with any sublimits set forth below). 

3. Comprised of: 
  

													
	 Bid Loan No.
	  	Interest Period
offered	 	  	Bid Maximum	 	  	Absolute Rate
Bid or
Eurocurrency
Margin Bid*	 
	 1
	  	 	_______days/mos	 	  	$	             	 	  	 	(- +) _______	% 
	 2
	  	 	_______days/mos	 	  	$	             	 	  	 	(- +) _______	% 
	 3
	  	 	_______days/mos	 	  	$	             	 	  	 	(- +) _______	% 

  

	*	 Expressed in multiples of 1/100th of a basis point. 

 Contact Person:
                                        
Telephone:                                       
  
  

			
	 [LENDER]

		
	By:	 	  

		 	Name: [Type Signatory Name]
		 	Title: [Type Signatory Title]

 ****************************************************************************** 

THIS SECTION IS TO BE COMPLETED BY THE BORROWER IF IT WISHES TO ACCEPT ANY OFFERS CONTAINED IN THIS COMPETITIVE BID: 

The offers made above are hereby accepted in the amounts set forth below: 

 

			
	 Bid Loan No.
	  	Principal
Amount
Accepted
	 	  	$            
	 	  	$            
	 	  	$            

  

			
	AMERICOLD REALTY OPERATING PARTNERSHIP, L.P.
		
	 By:
	 	  

		 	 Name: [Type Signatory Name]

		 	 Title: [Type Signatory Title]

		 	 Date:

  

  
 2 

 EXHIBIT D 

FORM OF 
 ASSIGNMENT AND
ASSUMPTION 
 [See attached.] 
  

 ASSIGNMENT AND ASSUMPTION 

This Assignment and Assumption (this “Assignment and Assumption”) is dated as of the Effective Date set forth below and is
entered into by and between the Assignor identified in item 1 below and the Assignee identified in item 2 below. Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement identified below (as
amended, amended and restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement”) receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions
set forth in Annex I attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full. 

For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases
and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions referred to below and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below, (a) all the
Assignor’s rights and obligations in its capacity as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of
such outstanding rights and obligations of the Assignor under the respective facilities identified below (including any Guarantees with respect to, and the Letters of Credit included in, such facilities) and (b) to the extent permitted to be
assigned under applicable law, all claims, suits, causes of action and any other right of the Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other
documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including contract claims, tort claims, malpractice claims, statutory claims and all other
claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (a) above (the rights and obligations sold and assigned pursuant to clauses (a) and (b) above being referred to herein collectively as
the “Assigned Interest”). Such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by the Assignor. 

 

	 	1.	 Assignor:
                                         
                                         
                                   

[Assignor [is] [is not] a Defaulting Lender] 
  

	 	2.	 Assignee:
                                         
                                         
                                   

[Assignee is [a Lender] [an Affiliate/Approved Fund of [identify Lender]]]1 

 

	 	3.	 Parent Borrower: Americold Realty Operating Partnership, L.P., a Delaware limited partnership

  

	 	4.	 Administrative Agent: Bank of America, N.A., as the Administrative Agent under the Credit Agreement

  

	1 	 Select as applicable. 

	 	5.	 Credit Agreement: The Credit Agreement dated as of March 26, 2020, among Americold Realty Operating
Partnership, L.P., a Delaware limited partnership, Americold Realty Trust, a Maryland real estate investment trust, the Designated Borrowers from time to time party thereto, the several Lenders and Letter of Credit Issuers from time to time party
thereto and Bank of America, N.A., as Administrative Agent. 

  

	 	6.	 Assigned Interest:2 

 

															
	 Facility/Tranche
Assigned3
	 	 	Aggregate Amount of
Commitments/Loans of
the applicable Class/
Tranche for all Lenders	 	 	Amount of the
Commitments/Loans of
the applicable
Class/Tranche Assigned	 	 	Percentage Assigned of
Commitments/Loans4	 
	 	s	 	 	$	 	 	 	$	 	 	 	 	%	 
				 	$	 	 	 	$	 	 	 	 	%	 

 Effective Date: ___________ ___, 20___ [TO BE INSERTED BY THE ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE
DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR] 
 The Assignee, if not already a Lender, agrees to deliver to the Parent
Borrower and Administrative Agent a completed administrative questionnaire supplied by the Administrative Agent in which the Assignee designates one or more credit contacts to whom all syndicate-level information (which may contain material non-public information about the Parent Borrower and its Affiliates and their related parties or their respective subsidiaries) will be made available and who may receive such information in accordance with the
Assignee’s compliance procedures and applicable law, including Federal, State and foreign securities laws. 
  

	2 	 Must comply with the minimum assignment amounts set forth in Section 12.6(b)(ii)(A) of the Credit
Agreement, to the extent such minimum assignment amounts are applicable. 

	3 	 Fill in the appropriate terminology for the facilities/tranches under the Credit Agreement that are being
assigned under this Assignment (e.g. “Alternative Currency Commitment”, “Dollar Tranche Commitment”, “Term Commitment”, etc.) 

	4 	 Set forth, to at least 9 decimals, as a percentage of the Commitments/Loans of all Lenders of any
Class/Tranche, as applicable. 

  
 2 

									
	 The terms set forth above are hereby agreed to:
  

                        , as
Assignor,
	 	 [Consented to and]1 Accepted:

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

					
	By:	 	  
	 		 	By:	 	  

		 	Name: [Type Signatory Name]	 	        	 		 	Name: [Type Signatory Name]
		 	Title: [Type Signatory Title]	 		 		 	Title: [Type Signatory Title]
				
	                        , as
Assignee,2	 		 		 	 [Consented to:3

 

		 		 	AMERICOLD REALTY OPERATING PARTNERSHIP, L.P.
					
	By:	 	  
	 		 	By:	 	  

		 	Name: [Type Signatory Name]	 		 		 	Name: [Type Signatory Name]
		 	Title: [Type Signatory Title]	 		 		 	Title: [Type Signatory Title]]
					
		 		 		 		 	 [Consented to: 4

 

		 		 		 	BANK OF AMERICA, N.A., as a Letter of Credit Issuer
					
		 		 		 	By:	 	  

		 		 		 		 	Name: [Type Signatory Name]
		 		 		 		 	Title: [Type Signatory Title]

  

	1 	 No consent of the Administrative Agent is required for an assignment of any Term Commitment or Term Loan to a
Term Lender, an Affiliate of a Term Lender or an Approved Fund. 

	2 	 The Assignee must deliver to the Parent Borrower and Administrative Agent all applicable tax forms required to
be delivered by it under Section 5.4(e) of the Credit Agreement. 

	3 	 No consent of the Parent Borrower is required (x) with respect to Term Commitments or Term Loans, for an
assignment to a Term Lender, an Affiliate of a Term Lender or an Approved Fund, (y) with respect to Revolving Credit Commitments or Revolving Credit Loans, for an assignment to a Revolving Credit Lender, an Affiliate of a Revolving Credit
Lender or an Approved Fund or (z) if an Event of Default has occurred and is continuing, for any assignment (provided that the Parent Borrower will be deemed to have consented to any assignment unless it shall object within 10 Business
Days after having received notice thereof). 

	4 	 To be added only if the assignment is of Dollar Tranche Commitments or Dollar Tranche Loans, which requires the
consent of each Letter of Credit Issuer pursuant to Section 12.6(b)(i)(C) of the Credit Agreement. 

  
 [Signature Page to
Assignment and Assumption] 

 
			
	JPMORGAN CHASE BANK, N.A., as a Letter of Credit Issuer
		
	By:	 	  

		 	Name: [Type Signatory Name]
		 	Title: [Type Signatory Title]
	
	CITIBANK, N.A., as a Letter of Credit Issuer
		
	By:	 	  

		 	Name: [Type Signatory Name]
		 	Title: [Type Signatory Title]]
	
	ROYAL BANK OF CANADA, as a Letter of Credit Issuer
		
	By:	 	  

		 	Name: [Type Signatory Name]
		 	Title: [Type Signatory Title]]

 [Signature Page to Assignment and Assumption] 

 ANNEX 1 TO 

ASSIGNMENT AND ASSUMPTION 

STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ASSUMPTION 

1. Representations and Warranties. 

1.1. Assignor. The Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of the Assigned
Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim, (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to
consummate the transactions contemplated hereby and (iv) it is [not] a Defaulting Lender; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the
Credit Agreement or any other Loan Document, other than statements made by it herein, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the
financial condition of any Borrower, any Subsidiary or any other Affiliate of any Borrower or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by any Borrower, any Subsidiary or any other
Affiliate of any Borrower or any other Person of any of their respective obligations under any Loan Document. 
 1.2. Assignee. The
Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption, to consummate the transactions contemplated hereby and to become a
Lender under the Credit Agreement, (ii) it satisfies the requirements, if any, specified in the Credit Agreement that are required to be satisfied by it in order to acquire the Assigned Interest and become a Lender (subject to such consents, if
any, as may be required under Section 12.6(b)(i) of the Credit Agreement), (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of
the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by the Assigned Interest and either it, or the Person exercising discretion
in making its decision to acquire the Assigned Interest, is experienced in acquiring assets of such type, (v) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most
recent financial statements delivered pursuant to Section 8.1 thereof (or, prior to the first such delivery, the financial statements referred to in Section 7.1 thereof), and such other documents and information as it has deemed
appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase the Assigned Interest on the basis of which it has made such analysis and decision independently and without reliance on the
Administrative Agent, the Assignor or any other Lender, (vi) if it is a Lender that is a U.S. Person, attached hereto is an executed original of IRS Form W-9 certifying that such Lender is exempt from
U.S. Federal backup withholding tax, (vii) if it is a Non-U.S. Lender, attached hereto is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement (including
Section 5.4(e) thereof), duly completed and executed by the Assignee, and (viii) it is an eligible assignee in accordance with the terms of Section 12.6 of the Credit Agreement, and (b) agrees that (i) it will, independently
and without reliance on the 

 
Administrative Agent, the Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking
or not taking action under the Loan Documents and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender. 

2. Payments. From and after the Effective Date, the Administrative Agent shall make all payments in respect of the Assigned Interest
(including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective Date and to the Assignee for amounts which have accrued from and after the Effective Date.
Notwithstanding the foregoing, the Administrative Agent shall make all payments of interest, fees or other amounts paid or payable in kind from and after the Effective Date to the Assignee. 

3. General Provisions. This Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties hereto and their
respective successors and assigns. This Assignment and Assumption may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall
constitute a single contract. Delivery of an executed counterpart of a signature page of this Assignment and Assumption by facsimile transmission or other electronic imaging shall be effective as delivery of a manually executed counterpart of this
Assignment and Assumption. This Assignment and Assumption and any claim, controversy, dispute or cause of action (whether in contract or tort or otherwise) based upon, arising out of or relating to this Assignment and Assumption and the transactions
contemplated hereby shall be governed by, and construed in accordance with, the law of the State of New York. 

 EXHIBIT E 

FORM OF 
 PROMISSORY NOTE (TERM A-1 LOAN) 
 [INSERT DATE] 

FOR VALUE RECEIVED, the undersigned (the “Borrower”), hereby promises to pay to
                                 or its registered assigns (the
“Lender”), in accordance with the provisions of the Credit Agreement (as hereinafter defined), the principal amount of each Term A-1 Loan from time to time made by the Lender to the Borrower
under that certain Credit Agreement, dated as of March 26, 2020 (as amended, amended and restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement;” the terms defined therein
being used herein as therein defined), among the Borrower, Americold Realty Trust, the Designated Borrowers from time to time party thereto, the Lenders and Letter of Credit Issuers from time to time party thereto and Bank of America, N.A., as
Administrative Agent. 
 The Borrower promises to pay interest on the unpaid principal amount of each Term
A-1 Loan from the date of such Term A-1 Loan until such principal amount is paid in full, at such interest rates and at such times as provided in the Credit Agreement.
All payments of principal and interest shall be made to the Administrative Agent for the account of the Lender in Dollars at the Administrative Agent’s Office. If any amount is not paid in full when due hereunder, such unpaid amount shall bear
interest, to be paid upon demand, from the due date thereof until the date of actual payment (and before as well as after judgment) computed at the per annum rate set forth in the Credit Agreement. 

This Note is one of the Notes referred to in the Credit Agreement, and the holder is entitled to the benefits thereof and may be prepaid in
whole or in part subject to the terms and conditions provided therein. This Note is also entitled to the benefits of the Guarantee Agreement and the Guaranty. Upon the occurrence and continuation of one or more of the Events of Default specified in
the Credit Agreement, all amounts then remaining unpaid on this Note shall become, or may be declared to be, immediately due and payable all as provided in the Credit Agreement. Term A-1 Loans made by the
Lender shall be evidenced by one or more loan accounts or records maintained by the Lender in the ordinary course of business. The Lender may also attach schedules to this Note and endorse thereon the date, amount and maturity of its Term A-1 Loans and payments with respect thereto. 
 The Borrower, for itself, its successors and assigns,
hereby waives, to the maximum extent permitted by applicable law, diligence, presentment, protest and demand and notice of protest, demand, dishonor and non-payment of this Note. 

 THIS NOTE, AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR
TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS NOTE AND THE TRANSACTIONS CONTEMPLATED HEREBY, SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

 

			
	 AMERICOLD REALTY OPERATING

PARTNERSHIP, L.P.

		
	By:	 	          

	Name:	 	[Type Signatory Name]
	Title:	 	[Type Signatory Title]

 [Signature Page to Promissory Note (Term A-1 Loan)] 

 LOANS AND PAYMENTS WITH RESPECT THERETO 

 

													
	 Date
	  	 Type of

Loan Made
	  	 Amount of

Loan Made
	  	 End of

Interest

Period
	  	 Amount of

Principal or

Interest
 Paid This

Date
	  	 Outstanding

Principal
 Balance

This Date
	  	 Notation

Made By

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

 EXHIBIT F 

FORM OF 
 PROMISSORY NOTE (TERM A-2 LOAN) 
 [INSERT DATE] 

FOR VALUE RECEIVED, the undersigned (the “Borrower”), hereby promises to pay to
                                     or its registered assigns
(the “Lender”), in accordance with the provisions of the Credit Agreement (as hereinafter defined), the principal amount of each Term A-2 Loan from time to time made by the Lender to the
Borrower under that certain Credit Agreement, dated as of March 26, 2020 (as amended, amended and restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement;” the terms defined
therein being used herein as therein defined), among the Borrower, Americold Realty Operating Partnership, L.P., Americold Realty Trust, the other Designated Borrowers from time to time party thereto, the Lenders and Letter of Credit Issuers from
time to time party thereto and Bank of America, N.A., as Administrative Agent. 
 The Borrower promises to pay interest on the unpaid
principal amount of each Term A-2 Loan from the date of such Term A-2 Loan until such principal amount is paid in full, at such interest rates and at such times as
provided in the Credit Agreement. All payments of principal and interest shall be made to the Administrative Agent for the account of the Lender in Canadian Dollars at the Administrative Agent’s Office. If any amount is not paid in full when
due hereunder, such unpaid amount shall bear interest, to be paid upon demand, from the due date thereof until the date of actual payment (and before as well as after judgment) computed at the per annum rate set forth in the Credit Agreement. 

This Note is one of the Notes referred to in the Credit Agreement, and the holder is entitled to the benefits thereof and may be prepaid in
whole or in part subject to the terms and conditions provided therein. This Note is also entitled to the benefits of the Guarantee Agreement and the Guaranty. Upon the occurrence and continuation of one or more of the Events of Default specified in
the Credit Agreement, all amounts then remaining unpaid on this Note shall become, or may be declared to be, immediately due and payable all as provided in the Credit Agreement. Term A-2 Loans made by the
Lender shall be evidenced by one or more loan accounts or records maintained by the Lender in the ordinary course of business. The Lender may also attach schedules to this Note and endorse thereon the date, amount and maturity of its Term A-2 Loans and payments with respect thereto. 
 The Borrower, for itself, its successors and assigns,
hereby waives, to the maximum extent permitted by applicable law, diligence, presentment, protest and demand and notice of protest, demand, dishonor and non-payment of this Note. 

 THIS NOTE, AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR
TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS NOTE AND THE TRANSACTIONS CONTEMPLATED HEREBY, SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

 

			
	 AMERICOLD REALTY OPERATING

PARTNERSHIP, L.P.

	NOVA COLD LOGISTICS ULC
	 AMERICOLD AUSTRALIAN HOLDINGS

PTY LTD

	ICECAP PROPERTIES NZ LIMITED
		
	By:	 	              

	Name:	 	[Type Signatory Name]
	Title:	 	[Type Signatory Title]

 [Signature Page to Promissory Note (Term A-2 Loan)] 

 LOANS AND PAYMENTS WITH RESPECT THERETO 

 

													
	 Date
	  	 Type of

Loan Made
	  	 Currency

and
 Amount of

Loan Made
	  	 End of

Interest

Period
	  	 Amount of

Principal or

Interest
 Paid This

Date
	  	 Outstanding

Principal
 Balance

This Date
	  	 Notation

Made By

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

 EXHIBIT G 

FORM OF 
 PROMISSORY NOTE
(REVOLVING CREDIT LOAN) 
 [INSERT DATE] 

FOR VALUE RECEIVED, the undersigned (the “Borrower”), hereby promises to pay to
                                 or its registered assigns (the
“Lender”), in accordance with the provisions of the Credit Agreement (as hereinafter defined), the principal amount of each Revolving Credit Loan from time to time made by the Lender to the Borrower under that certain Credit
Agreement, dated as of March 26, 2020 (as amended, amended and restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement;” the terms defined therein being used herein as therein
defined), among the Borrower, [Americold Realty Operating Partnership, L.P.,] Americold Realty Trust, the [other] Designated Borrowers from time to time party thereto, the Lenders and Letter of Credit Issuers from time to time party thereto and Bank
of America, N.A., as Administrative Agent. 
 The Borrower promises to pay interest on the unpaid principal amount of each Revolving Credit
Loan from the date of such Revolving Credit Loan until such principal amount is paid in full, at such interest rates and at such times as provided in the Credit Agreement. All payments of principal and interest shall be made to the Administrative
Agent for the account of the Lender in the currency in which such Revolving Credit Loan is denominated at the Administrative Agent’s Office. If any amount is not paid in full when due hereunder, such unpaid amount shall bear interest, to be
paid upon demand, from the due date thereof until the date of actual payment (and before as well as after judgment) computed at the per annum rate set forth in the Credit Agreement. 

This Note is one of the Notes referred to in the Credit Agreement, and the holder is entitled to the benefits thereof and may be prepaid in
whole or in part subject to the terms and conditions provided therein. This Note is also entitled to the benefits of the Guarantee Agreement and the Guaranty. Upon the occurrence and continuation of one or more of the Events of Default specified in
the Credit Agreement, all amounts then remaining unpaid on this Note shall become, or may be declared to be, immediately due and payable all as provided in the Credit Agreement. Revolving Credit Loans made by the Lender shall be evidenced by one or
more loan accounts or records maintained by the Lender in the ordinary course of business. The Lender may also attach schedules to this Note and endorse thereon the date, amount and maturity of its Revolving Credit Loans and payments with respect
thereto. 
 The Borrower, for itself, its successors and assigns, hereby waives, to the maximum extent permitted by applicable law,
diligence, presentment, protest and demand and notice of protest, demand, dishonor and non-payment of this Note. 

 THIS NOTE, AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR
TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS NOTE AND THE TRANSACTIONS CONTEMPLATED HEREBY, SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

 

			
	[AMERICOLD REALTY OPERATING PARTNERSHIP, L.P.]
	
	[NOVA COLD LOGISTICS ULC]
	
	[AMERICOLD AUSTRALIAN HOLDINGS PTY LTD]
	
	[ICECAP PROPERTIES NZ LIMITED]
		
	By:	 	              

	Name:	 	[Type Signatory Name]
	Title:	 	[Type Signatory Title]

 [Signature Page to Promissory Note (Revolving Credit Loan)] 

 LOANS AND PAYMENTS WITH RESPECT THERETO 

 

													
	 Date
	  	 Type of

Loan Made
	  	 Currency

and
 Amount of

Loan Made
	  	 End of

Interest

Period
	  	 Amount of

Principal or

Interest
 Paid This

Date
	  	 Outstanding

Principal
 Balance

This Date
	  	 Notation

Made By

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

		  		  		  		  		  		  	
	  
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

 EXHIBIT H 

FORM OF 
 DESIGNATION NOTICE 

 

			
	TO:	  	Bank of America, N.A., as Administrative Agent
		
	RE:	  	Reference is made to that certain Credit Agreement, dated as of March 26, 2020 (as amended, amended and restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement;” the
terms defined therein being used herein as therein defined), among Americold Realty Operating Partnership, L.P., a Delaware limited partnership (the “Parent Borrower”), Americold Realty Trust, a Maryland real estate investment trust, the
Designated Borrowers from time to time party thereto, the Lenders and Letter of Credit Issuers from time to time party thereto, and Bank of America, N.A., as Administrative Agent.
		
	DATE:	  	[Date]

  
  

[Name of Qualified Counterparty/Cash Management Bank] hereby notifies you, pursuant to the terms of the Credit Agreement, that it meets the requirements of a
[Qualified Counterparty/Cash Management Bank] under the terms of the Credit Agreement and is a [Qualified Counterparty/Cash Management Bank] under the Credit Agreement and the other Loan Documents. 

Delivery of an executed counterpart of a signature page of this notice by fax transmission or other electronic mail transmission (e.g. “pdf” or
“tif”) shall be effective as delivery of a manually executed counterpart of this notice. 
 A duly authorized officer of the undersigned has
executed this notice as of the day and year set forth above. 
  

			
	 [NAME OF QUALIFIED COUNTERPARTY/

CASH MANAGEMENT BANK], as a [Qualified
 Counterparty/Cash
Management Bank]

		
	By:	 	              

		 	Name: [Type Signatory Name]
		 	Title: [Type Signatory Title]

 
			
	 AMERICOLD REALTY OPERATING

PARTNERSHIP, L.P.

		
	By:	 	              

		 	Name: [Type Signatory Name]
		 	Title: [Type Signatory Title]

 EXHIBIT I 

FORM OF 
 COMPLIANCE CERTIFICATE

 [See attached.] 

 COMPLIANCE CERTIFICATE 

of 
 AMERICOLD REALTY
OPERATING PARTNERSHIP, L.P. 
 ☐ Check for distribution to PUBLIC and Private side Lenders1 
 Financial Statement Date:
                , 
  

	To:	 Bank of America, N.A., as Administrative Agent 

Ladies and Gentlemen: 
 Reference is made to that
certain Credit Agreement, dated as of March 26, 2020 (as amended, restated, amended and restated, extended, supplemented or otherwise modified in writing from time to time, the “Agreement;” the terms defined therein being used
herein as therein defined), among Americold Realty Operating Partnership, L.P., a Delaware limited partnership (the “Borrower”), Americold Realty Trust, a Maryland real estate investment trust (the “Company”), the
Designated Borrowers from time to time party thereto, the several Lenders and Letter of Credit Issuers from time to time party thereto and Bank of America, N.A., as Administrative Agent. 

The undersigned Financial Officer hereby certifies as of the date hereof that he/she is the [chief financial officer][principal accounting
officer][treasurer][controller] of the Company, and that, as such, he/she is authorized to execute and deliver this Certificate to the Administrative Agent on behalf of the Company and the Borrower, and that: 

[Use following paragraph 1 for fiscal year-end financial statements] 

1. The Parent Borrower has delivered the year-end audited financial statements required by Section
8.1(a) of the Agreement for the fiscal year of the Company ended as of the above date, together with the report and opinion of an independent certified public accountant required by such section and a list as of such year-end setting forth the name and jurisdiction of incorporation of each Subsidiary of a Group Member and, as to each such Subsidiary, the percentage of each class of Capital Stock owned by any Group Member. 

[Use following paragraph 1 for fiscal quarter-end financial statements]

 1. The Parent Borrower has delivered the unaudited financial statements required by Section 8.1(b) of the
Agreement for the fiscal quarter of the Company ended as of the above date. Such financial statements present fairly in all material respects the financial condition and results of operations of the Company and its Subsidiaries on a consolidated
basis in accordance with GAAP, consistently applied, as at such date and for such period subject only to normal year-end audit adjustments and the absence of footnotes. 

 

	1 	 If the box is not checked, this certificate will only be posted to Private Side Lenders.

  
 1 

 2. The undersigned has reviewed and is familiar with the terms of the Agreement and has
made, or has caused to be made under his/her supervision, a detailed review of the transactions and condition (financial or otherwise) of the Company and its Subsidiaries (on a consolidated basis) during the accounting period covered by such
financial statements.  
 3. A review of the activities of the Company and its Subsidiaries during such fiscal period has been made
under the supervision of the undersigned with a view to determining whether during such fiscal period the Company and its Subsidiaries performed and observed all their respective Obligations under the Loan Documents, and 

[select one:] 

[to the knowledge of the undersigned, during such fiscal period each of the Company and its Subsidiaries performed and observed each
covenant and condition of the Loan Documents applicable to it, and no Default or Event of Default has occurred and is continuing.] 

--or-- 

[to the knowledge of the undersigned, during such fiscal period the following covenants or conditions have not been performed or observed
and the following is a list of each such Default and Event of Default and its nature and status:] 
 4. Schedule 1 attached
hereto sets forth a narrative discussion and analysis of the financial condition and results of operations of the Company and its Subsidiaries (on a consolidated basis) for the fiscal quarter and the portion of the Company’s fiscal year
ended on the Financial Statement Date. 
 5. Schedule 2 attached hereto sets forth reasonably detailed calculations demonstrating
compliance with the Financial Covenants (including reasonably detailed calculations that confirm the computations of Unencumbered Asset Value and Total Asset Value that were utilized in calculating the Financial Covenants reflect the concentration
limits included in the proviso to Unencumbered Asset Value or Total Asset Value, as applicable). 
 6. Schedule 3 attached hereto
contains a statement of the EBITDA contribution by each component of Unencumbered Asset Value and Total Asset Value for the twelve month period ending at the end of the most recent fiscal quarter and summary occupancy reports and location by asset.

 7. All assets utilized in determining Unencumbered Asset Value fully qualify as Qualified Assets under the applicable Eligibility
Criteria. 
 8. Schedule 4 attached hereto contains a summary of all acquisitions, dispositions or other removals of Qualified Assets
completed during the most recently ended calendar quarter. 

  
 2 

 9. All of the information and analyses set forth in the schedules attached hereto are true
and accurate on and as of the date of this Certificate. 
 [signature page immediately follows] 

  
 3 

 IN WITNESS WHEREOF, the undersigned has executed this Certificate as of
                        ,
                    . 
  

			
	AMERICOLD REALTY OPERATING PARTNERSHIP, L.P
		
	By:	 	          

	Name:	 	[Type Signatory Name]
	Title:	 	[Type Signatory Title]

 [Signature Page to Compliance Certificate] 

 SCHEDULE 1 

TO COMPLIANCE CERTIFICATE 

DISCUSSION AND ANALYSIS OF 

FINANCIAL CONDITION AND RESULTS OF OPERATIONS 

[See attached] / [Please see discussion and analysis contained in
                                
.]1 
  

	1 	 If discussion and analysis will be delivered by inclusion in materials filed with the SEC, insert description
of relevant filing 

 SCHEDULE 2 

TO COMPLIANCE CERTIFICATE 

FINANCIAL COVENANT CALCULATIONS 

[See attached.] 

 SCHEDULE 3 

TO COMPLIANCE CERTIFICATE 

STATEMENT OF EBITDA CONTRIBUTION BY EACH COMPONENT OF 

UNENCUMBERED ASSET VALUE AND TOTAL ASSET VALUE 

[See attached.] 

 SCHEDULE 4 

TO COMPLIANCE CERTIFICATE 

SUMMARY OF ALL ACQUISITIONS, DISPOSITIONS OR OTHER REMOVALS 

OF QUALIFIED ASSETS COMPLETED DURING 

THE MOST RECENTLY ENDED CALENDAR QUARTER 

[See attached.] 

 EXHIBIT J-1 

FORM OF 
 U.S. TAX
COMPLIANCE CERTIFICATE 
 (For Non-U.S. Lenders That Are Not Partnerships For U.S. Federal
Income Tax Purposes) 
 Reference is hereby made to the Credit Agreement dated as of March 26, 2020 (as amended, amended and
restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement”), among Americold Realty Operating Partnership, L.P., a Delaware limited partnership (the “Parent
Borrower”), Americold Realty Trust, a Maryland real estate investment trust, the Designated Borrowers from time to time party thereto, the several Lenders and Letter of Credit Issuers from time to time party thereto and Bank of America,
N.A., as Administrative Agent. 
 Pursuant to the provisions of Section 5.4 of the Credit Agreement, the undersigned hereby certifies
that (i) it is the sole record and beneficial owner of the Loan(s) (as well as any promissory note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) it is not a “bank” within the meaning of
Section 881(c)(3)(A) of the Code, (iii) it is not a “10-percent shareholder” of the Parent Borrower within the meaning of Section 871(h)(3)(B) of the Code and (iv) it is not a
“controlled foreign corporation” related to the Parent Borrower as described in Section 881(c)(3)(C) of the Code. 
 The
undersigned has furnished the Administrative Agent and the Parent Borrower with a certificate of its non-U.S. Person status on IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall
promptly so inform the Parent Borrower and the Administrative Agent, and (2) the undersigned shall have at all times furnished the Parent Borrower and the Administrative Agent with a properly completed and currently effective certificate in
either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

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

			
	[NAME OF LENDER]
		
	By:	 	      

	Name: [Type Signatory Name]
	Title: [Type Signatory Title]
	Date:
                                    ,
20[    ]

 EXHIBIT J-2 

FORM OF 
 U.S. TAX
COMPLIANCE CERTIFICATE 
 (For Non-U.S. Participants That Are Not Partnerships For U.S. Federal
Income Tax Purposes) 
 Reference is hereby made to the Credit Agreement dated as of March 26, 2020 (as amended, amended and
restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement”), among Americold Realty Operating Partnership, L.P., a Delaware limited partnership (the “Parent
Borrower”), Americold Realty Trust, a Maryland real estate investment trust, the Designated Borrowers from time to time party thereto, the several Lenders and Letter of Credit Issuers from time to time party thereto and Bank of America,
N.A., as Administrative Agent. 
 Pursuant to the provisions of Section 5.4 of the Credit Agreement, the undersigned hereby certifies
that (i) it is the sole record and beneficial owner of the participation in respect of which it is providing this certificate, (ii) it is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is
not a “10-percent shareholder” of the Parent Borrower within the meaning of Section 871(h)(3)(B) of the Code, and (iv) it is not a “controlled foreign corporation” related to the
Parent Borrower as described in Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished its participating Lender with a
certificate of its non-U.S. Person status on IRS Form W-8BEN or IRS Form W-8BEN-E, as
applicable. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender in writing, and (2) the undersigned shall have at all
times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

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

			
	[NAME OF PARTICIPANT]
		
	By:	 	              

	Name: [Type Signatory Name]
	Title: [Type Signatory Title]
	Date:                             ,
20[    ]

 EXHIBIT J-3 

FORM OF 
 U.S. TAX
COMPLIANCE CERTIFICATE 
 (For Non-U.S. Participants That Are Partnerships For U.S. Federal
Income Tax Purposes) 
 Reference is hereby made to the Credit Agreement dated as of March 26, 2020 (as amended, amended and
restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement”), among Americold Realty Operating Partnership, L.P., a Delaware limited partnership (the “Parent
Borrower”), Americold Realty Trust, a Maryland real estate investment trust, the Designated Borrowers from time to time party thereto, the several Lenders and Letter of Credit Issuers from time to time party thereto and Bank of America,
N.A., as Administrative Agent. 
 Pursuant to the provisions of Section 5.4 of the Credit Agreement, the undersigned hereby certifies
that (i) it is the sole record owner of the participation in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such participation, (iii) with respect to
such participation, neither the undersigned nor any of its direct or indirect partners/members is a “bank” extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of
Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect partners/members is a “10-percent shareholder” of the Parent Borrower within the meaning of Section 871(h)(3)(B)
of the Code and (v) none of its direct or indirect partners/members is a “controlled foreign corporation” related to the Parent Borrower as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished its participating Lender with IRS Form W-8IMY accompanied by one of the
following forms from each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or IRS Form
W-8BEN-E, as applicable, or (ii) an IRS Form W-8IMY accompanied by an IRS Form
W-8BEN or IRS Form W-8BEN-E, as applicable, from each of such partner’s/member’s beneficial owners that is claiming the
portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender and (2) the undersigned shall have
at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

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

			
	[NAME OF PARTICIPANT]
		
	By:	 	          

	Name: [Type Signatory Name]
	Title: [Type Signatory Title]
	Date:                     , 20[    ]

 EXHIBIT J-4 

FORM OF 
 U.S. TAX
COMPLIANCE CERTIFICATE 
 (For Non-U.S. Lenders That Are Partnerships For U.S. Federal Income
Tax Purposes) 
 Reference is hereby made to the Credit Agreement dated as of March 26, 2020 (as amended, amended and restated,
extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement”), among Americold Realty Operating Partnership, L.P., a Delaware limited partnership (the “Parent Borrower”),
Americold Realty Trust, a Maryland real estate investment trust, the Designated Borrowers from time to time party thereto, the several Lenders and Letter of Credit Issuers from time to time party thereto and Bank of America, N.A., as Administrative
Agent. 
 Pursuant to the provisions of Section 5.4 of the Credit Agreement, the undersigned hereby certifies that (i) it is the
sole record owner of the Loan(s) (as well as any promissory note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such Loan(s) (as
well as any promissory note(s) evidencing such Loan(s)), (iii) with respect to the extension of credit pursuant to this Credit Agreement or any other Loan Document, neither the undersigned nor any of its direct or indirect partners/members is a
“bank” extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect partners/members is a “10-percent shareholder” of the Parent Borrower within the meaning of Section 871(h)(3)(B) of the Code and (v) none of its direct or indirect partners/members is a “controlled foreign
corporation” related to the Parent Borrower as described in Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished the
Administrative Agent and the Parent Borrower with IRS Form W-8IMY accompanied by one of the following forms from each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS
Form W-8BEN or IRS Form W-8BEN-E, as applicable, or (ii) an IRS Form W-8IMY
accompanied by an IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable, from each of such partner’s/member’s beneficial
owners that is claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform the Parent Borrower and
the Administrative Agent, and (2) the undersigned shall have at all times furnished the Parent Borrower and the Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which each payment
is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

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

			
	[NAME OF LENDER]
		
	By:	 	              

	Name: [Type Signatory Name]
	Title: [Type Signatory Title]
	Date:                     , 20[    ]

 EXHIBIT K 

FORM OF 
 DESIGNATED BORROWER
REQUEST AND ASSUMPTION AGREEMENT 
 [See attached.] 

 DESIGNATED BORROWER 

REQUEST AND ASSUMPTION AGREEMENT 

Date:
                        ,              

 

	To:	 Bank of America, N.A., as Administrative Agent 

Ladies and Gentlemen: 
 This Designated Borrower
Request and Assumption Agreement is made and delivered pursuant to Section 2.18 of that certain Credit Agreement, dated as of March 26, 2020 (as amended, amended and restated, extended, supplemented or otherwise
modified in writing from time to time, the “Credit Agreement”), among Americold Realty Operating Partnership L.P., a Delaware limited partnership (the “Parent Borrower”), Americold Realty Trust, a Maryland real
estate investment trust, the Designated Borrowers from time to time party thereto, the several Lenders and Letter of Credit Issuers from time to time party thereto and Bank of America, N.A., as Administrative Agent, and reference is made thereto for
full particulars of the matters described therein. All capitalized terms used in this Designated Borrower Request and Assumption Agreement and not otherwise defined herein shall have the meanings assigned to them in the Credit Agreement. 

Each of ______________________ (the “Designated Borrower”) and the Parent Borrower hereby confirms, represents and warrants
to the Administrative Agent and the Lenders that the Designated Borrower is a Wholly-Owned Subsidiary of the Parent Borrower. 
 The
documents required to be delivered to the Administrative Agent under Section 2.18 of the Credit Agreement will be furnished to the Administrative Agent in accordance with the requirements of the Credit Agreement. 

Complete if the Designated Borrower is a Domestic Subsidiary: The true and correct U.S. taxpayer identification number of the
Designated Borrower is _____________. 
 Complete if the Designated Borrower is a Foreign Subsidiary: The true and correct
unique identification number that has been issued to the Designated Borrower by its jurisdiction of organization and the name of such jurisdiction are set forth below: 
  

			
	 Identification Number
	 	 Jurisdiction of Organization

The parties hereto hereby confirm that with effect from the date of the Designated Borrower Notice for the Designated Borrower, the Designated
Borrower shall have obligations, duties and liabilities toward each of the other parties to the Credit Agreement identical to those which the Designated Borrower would have had if the Designated Borrower had been an original party to the Credit
Agreement as a Borrower. Effective as of the date of the Designated Borrower Notice for the Designated Borrower, the Designated Borrower confirms its acceptance of, and consents to, all representations and warranties, covenants, and other terms and
provisions of the Credit Agreement. 

 The parties hereto hereby request that the Designated Borrower be entitled to receive
Revolving Credit Loans under the Credit Agreement, and understand, acknowledge and agree that neither the Designated Borrower nor the Parent Borrower on its behalf shall have any right to request any Revolving Credit Loans for its account unless and
until the date five Business Days after the effective date designated by the Administrative Agent in a Designated Borrower Notice delivered to the Parent Borrower and the Lenders pursuant to Section 2.18 of the Credit
Agreement. 
 This Designated Borrower Request and Assumption Agreement shall constitute a Loan Document under the Credit Agreement. 

THIS DESIGNATED BORROWER REQUEST AND ASSUMPTION AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW
YORK. 
 IN WITNESS WHEREOF, the parties hereto have caused this Designated Borrower Request and Assumption Agreement to be duly
executed and delivered by their proper and duly authorized officers as of the day and year first above written. 
  

			
	[DESIGNATED BORROWER]
		
	By:	 	              

	Name:	 	[Type Signatory Name]
	Title:	 	[Type Signatory Title]
	
	AMERICOLD REALTY OPERATING PARTNERSHIP, L.P.
		
	By:	 	              

	Name:	 	[Type Signatory Name]
	Title:	 	[Type Signatory Title]

 EXHIBIT L 

FORM OF 
 DESIGNATED BORROWER
NOTICE 
 [See attached.] 

 DESIGNATED BORROWER NOTICE 

Date:                     ,
             
  

	To:	 Americold Realty Operating Partnership, L.P. 

The Lenders party to the Credit Agreement referred to below 

Ladies and Gentlemen: 
 This Designated Borrower
Notice is made and delivered pursuant to Section 2.18 of that certain Credit Agreement, dated as of March 26, 2020 (as amended, amended and restated, extended, supplemented or otherwise modified in writing from time to
time, the “Credit Agreement”), among Americold Realty Operating Partnership L.P., a Delaware limited partnership (the “Parent Borrower”), Americold Realty Trust, a Maryland real estate investment trust, the
Designated Borrowers from time to time party thereto, the several Lenders and Letter of Credit Issuers from time to time party thereto and Bank of America, N.A., as Administrative Agent, and reference is made thereto for full particulars of the
matters described therein. All capitalized terms used in this Designated Borrower Notice and not otherwise defined herein shall have the meanings assigned to them in the Credit Agreement. 

The Administrative Agent hereby notifies the Parent Borrower and the Lenders that effective as of [INSERT DATE], subject to receipt of all
resolutions, incumbency certificates, opinions of counsel and other documents or information requested or required pursuant to the last sentence of Section 2.18(a) of the Credit Agreement, [INSERT NAME OF NEW DESIGNATED
BORROWER] shall be a Designated Borrower and may receive Revolving Credit Loans for its account on the terms and conditions set forth in the Credit Agreement. 

This Designated Borrower Notice shall constitute a Loan Document under the Credit Agreement. 

 

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

		
	By:	 	          

	Name:	 	[Type Signatory Name]
	Title:	 	[Type Signatory Title]

 EXHIBIT M 

FORM OF 
 DESIGNATED BORROWER
TERMINATION NOTICE 
 [See attached.] 

 DESIGNATED BORROWER TERMINATION NOTICE 

 

	To:	 Bank of America, N.A., as Administrative Agent 

Ladies and Gentlemen: 
 This Designated Borrower
Termination Notice is made and delivered pursuant to Section 2.18 of that certain Credit Agreement, dated as of March 26, 2020 (as amended, amended and restated, extended, supplemented or otherwise modified in writing
from time to time, the “Credit Agreement”), among Americold Realty Operating Partnership L.P., a Delaware limited partnership (the “Parent Borrower”), Americold Realty Trust, a Maryland real estate investment trust,
the Designated Borrowers from time to time party thereto, the several Lenders and Letter of Credit Issuers from time to time party thereto and Bank of America, N.A., as Administrative Agent, and reference is made thereto for full particulars of the
matters described therein. All capitalized terms used in this Designated Borrower Termination Notice and not otherwise defined herein shall have the meanings assigned to them in the Credit Agreement. 

The Parent Borrower hereby terminates the status as a Designated Borrower of ______________________, in accordance with
Section 2.18 of the Credit Agreement, effective as of the date of receipt of this notice by the Administrative Agent. The undersigned hereby represents and warrants that all principal and interest on any Revolving Credit
Loan of the above-referenced Designated Borrower and all other amounts payable by such Designated Borrower pursuant to the Credit Agreement have been paid in full on or prior to the date hereof. Notwithstanding the foregoing, this Termination Letter
shall not affect any obligation which by the terms of the Credit Agreement survives termination thereof. 
  

			
	AMERICOLD REALTY OPERATING
	PARTNERSHIP, L.P.
		
	By:	 	              

	Name:	 	[Type Signatory Name]
	Title:	 	[Type Signatory Title]

 EXHIBIT N 

FORM OF 
 NOTICE OF LOAN
PREPAYMENT 
 [See attached.] 

 NOTICE OF LOAN PREPAYMENT 

Date:                     ,
            1 
  

	To:	 Bank of America, N.A., as Administrative Agent 

Ladies and Gentlemen: 
 Reference is made to that
certain Credit Agreement, dated as of March 26, 2020 (as amended, amended and restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement;” the terms defined therein being used
herein as therein defined), among Americold Realty Operating Partnership L.P., a Delaware limited partnership (the “Parent Borrower”), Americold Realty Trust, a Maryland real estate investment trust, the Designated Borrowers from
time to time parties thereto, the several Lenders and Letter of Credit Issuers from time to time party thereto and Bank of America, N.A., as Administrative Agent. 

The Parent Borrower hereby requests, on behalf of itself or a Designated Borrower as indicated below (the “Applicable
Borrower”), to prepay on [TYPE REQUESTED FUNDING DATE] (a Business Day): 
 Dollar Tranche Loans 

 

													
	 Indicate:

Applicable

Borrower Name2
	  	Indicate:
Requested
Amount	 	  	Indicate:
Base Rate Loan
or
Eurocurrency Loan
or
LIBOR Floating
Rate
Loans	 	  	For Eurocurrency
Loan
Indicate:
Interest 
Period
(e.g. 1, 2, 3 or 6
month interest
period3) and last
day of Interest
Period	 
	Americold Realty Operating Partnership L.P.	  				  				  			

  

	1 	 Note to Parent Borrower. All prepayments submitted under a single Notice of Loan Prepayment must be
effective on the same date. If multiple effective dates are needed, multiple Notice of Loan Prepayment will need to be prepared and signed. Insert an additional chart for each Additional TL Tranche added pursuant to Section 2.14 of the Credit
Agreement. 

	2 	 Parent Borrower is the only Applicable Borrower with respect to the Dollar Tranche Loans.

	3 	 Or twelve (12) months or a period of shorter than one month as consented to by all Dollar Tranche Lenders.

 Alternative Currency Tranche Loans 

 

									
	 Indicate:

Applicable
 Borrower

Name
	 	 Indicate:

Requested

Amount
	 	 Indicate:

Currency
	  	 Indicate:

Base Rate Loan
 or

Eurocurrency Loan

or
 LIBOR Floating

Rate Loans
	  	 For Eurocurrency Loan

Indicate:
 Interest
Period (e.g. 1,
 2, 3 or 6 month interest

period4) and last day of

Interest Period

Term A-1 Loan Facility 
  

									
	 Indicate:

Applicable
 Borrower Name5
	 	 Indicate:

Requested

Amount
	 	 Indicate:

Currency
	 	 Indicate:

Base Rate Loan
 or

Eurocurrency Loan

or
 LIBOR Floating

Rate Loans
	 	 For Eurocurrency

Loan

Indicate:
 Interest
Period
 (e.g. 1, 2, 3 or 6

month interest
 period6) and last
 day of Interest

Period

	Americold Realty Operating Partnership L.P.	 		 	 Dollars
	 		 	

  

	4 	 Or twelve (12) months or a period of shorter than one month as consented to by all Alternative Currency
Tranche Lenders. 

	5 	 Parent Borrower is the only Applicable Borrower with respect to the Dollar Tranche Loans.

	6 	 Or twelve (12) months or a period of shorter than one month as consented to by all Term A-1 Lenders. 

 Term A-2 Loan Facility 

 

									
	 Indicate:

Applicable

Borrower Name
	 	 Indicate:

Requested

Amount
	 	 Indicate:

Currency
	 	 Type of Loan:
	 	 Indicate:

Interest Period

(e.g. 1, 2, 3 or 6

month interest
 period7) and last
 day of Interest

Period

		 		 	 Canadian Dollars
	 	 Eurocurrency Loan
	 	

  

			
	AMERICOLD REALTY OPERATING PARTNERSHIP L.P.
		
	By:	 	          

		 	Name: [Type Signatory Name]
		 	Title: [Type Signatory Title]

  

	7 	 Or twelve (12) months or a period of shorter than one month as consented to by all Term A-2 Lenders.

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