Document:

EX-10.12

 Exhibit 10.12 

 
 

 
 Compensation Program for Non-Employee Directors 

(Effective Upon the Closing of the Initial Public Offering) 
  

	A.	 Cash Compensation 

 

	 	1.	 Non-employee directors (“Outside Directors”)
will receive the following cash retainers, paid quarterly in arrears, for their service on the Board of Directors (the “Board”) and its committees: 

 

					
	 Board service
	  	$	30,000	 
	 plus (as applicable):

 
	  	 	 	 
	 Lead Director or Chairman of the Board
	  	$	15,000	 
	 Audit Committee Chair
	  	$	20,000	 
	 Other Audit Committee Member
	  	$	8,000	 
	 Compensation Committee Chair
	  	$	12,000	 
	 Other Compensation Committee Member
	  	$	6,000	 
	 Nominating/Governance Committee Chair
	  	$	8,000	 
	 Other Nominating/Governance Committee
Member
	  	$	4,000	 

  

	 	2.	 The reasonable expenses incurred by directors in connection with attendance at meetings of the Board and
its committees will be reimbursed upon submission of appropriate documentation. 

  

	B.	 Equity Compensation 

 

	 	1.	 Annual Equity Award: Upon the conclusion of each regular annual meeting of the Company’s
stockholders beginning in calendar year 2019, each Outside Director who continues to serve as a member of the Board thereafter (including a director elected or appointed at such meeting) will automatically be granted restricted stock units
(“RSUs”) under the Company’s 2018 Equity Incentive Plan (the “Plan”) with a target value of $87,500 and an option to purchase shares of the Company’s Common Stock having an aggregate exercise price of
$87,500 (each, an “Option”).    Subject to the Outside Director’s continuing service, each such RSU award and Option will vest in full on the earlier of the one-year
anniversary of the date of grant or the date of the regular annual meeting of the Company’s stockholders held in the year following the date of grant. 

  

	 	2.	 Pro-Rated Annual Equity Award: On the date an Outside
Director is first elected or appointed to the Board, the Outside Director will automatically be granted a pro-rated annual equity award consisting of RSUs and an Option under the Plan. Such pro-rated annual equity award will have an aggregate target value equal to 

  
 1 

Confidential 
 Anaplan, Inc. Compensation Program for
Non-Employee Directors 
 (Effective as of the Closing of the Initial Public Offering) 

 

 
 Compensation Program for Non-Employee Directors 

(Effective Upon the Closing of the Initial Public Offering) 
  

	 	
(i) $175,000, multiplied by (ii) a fraction, the numerator of which is the number of whole months remaining until the one-year anniversary of the most
recent regular annual meeting of stockholders and the denominator of which is 12. Subject to the Outside Director’s continuing service, each such RSU award or Option will vest in full on the earlier of the
one-year anniversary of the date of grant or on the date of the regular annual meeting of the Company’s stockholders following the date of grant. For avoidance of doubt, an Outside Director who is first
elected or appointed to the Board on the date of a regular annual meeting of stockholders will receive the full annual equity award described in section B1 above, without any pro-ration. 

 

	C.	 General  

 

	 	1.	 The number of RSUs subject to each automatic equity award will be determined by dividing the target
equity value allocated to such RSUs by the average closing price of the Company’s Common Stock as reported on the New York Stock Exchange (or such other exchange on which the Company lists its shares of Common Stock) over the thirty trading day
period ending on the date of grant, rounded down to the nearest whole share. 

  

	 	2.	 Each RSU will be settled by issuing one share of the Company’s common stock upon vesting, unless a
deferral program is implemented. 

  

	 	3.	 All automatic equity awards will fully vest upon the occurrence of a Change in Control (as defined in
the Plan) before the Outside Director’s service terminates. 

  

	 	4.	 All equity awards will be subject to the forms of RSU agreement and Stock Option Agreement adopted by
the Board for use under the Plan consistent with the foregoing. 

  
 2 

Confidential 
 Anaplan, Inc. Compensation Program for
Non-Employee Directors 
 (Effective as of the Closing of the Initial Public Offering)EX-10.13

 Exhibit 10.13 

EXECUTION VERSION 
  

							
	    	  	Published CUSIP Number:	  	 	03272HAA5	 
		  	Revolving Credit CUSIP Number:	  	 	03272HAB3	 

  
  

 
 $40,000,000 

CREDIT AGREEMENT 
 dated as
of April 30, 2018, 
 by and among 

ANAPLAN, INC., 
 as
Borrower, 
 the Lenders referred to herein, 

as Lenders, 
 WELLS FARGO BANK,
NATIONAL ASSOCIATION, 
 as Administrative Agent and Issuing Lender 

and 
 COMERICA BANK, 

as Issuing Lender 
 WELLS FARGO
SECURITIES, LLC, 
 as Sole Lead Arranger and Sole Bookrunner 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		
	 ARTICLE I   DEFINITIONS
	  	 	1	 
			
	 SECTION 1.1
	 	Definitions	  	 	1	 
	 SECTION 1.2
	 	Other Definitions and Provisions	  	 	26	 
	 SECTION 1.3
	 	Accounting Terms	  	 	27	 
	 SECTION 1.4
	 	UCC Terms	  	 	27	 
	 SECTION 1.5
	 	Rounding	  	 	27	 
	 SECTION 1.6
	 	References to Agreement and Laws	  	 	27	 
	 SECTION 1.7
	 	Times of Day	  	 	28	 
	 SECTION 1.8
	 	Letter of Credit Amounts	  	 	28	 
	 SECTION 1.9
	 	Guarantees/Earn-Outs	  	 	28	 
	 SECTION 1.10
	 	Covenant Compliance Generally	  	 	28	 
	 SECTION 1.11
	 	Rates	  	 	28	 
		
	 ARTICLE II    REVOLVING CREDIT FACILITY
	  	 	28	 
			
	 SECTION 2.1
	 	Revolving Credit Loans	  	 	28	 
	 SECTION 2.2
	 	Reserves	  	 	29	 
	 SECTION 2.3
	 	Procedure for Advances of Revolving Credit Loans	  	 	29	 
	 SECTION 2.4
	 	Repayment and Prepayment of Revolving Credit	  	 	29	 
	 SECTION 2.5
	 	Permanent Reduction of the Revolving Credit Commitment	  	 	30	 
	 SECTION 2.6
	 	Termination of Revolving Credit Facility	  	 	31	 
	 SECTION 2.7
	 	Borrowing Base	  	 	31	 
		
	 ARTICLE III  LETTER OF CREDIT FACILITY
	  	 	31	 
			
	 SECTION 3.1
	 	L/C Facility	  	 	31	 
	 SECTION 3.2
	 	Procedure for Issuance of Letters of Credit	  	 	32	 
	 SECTION 3.3
	 	Commissions and Other Charges	  	 	32	 
	 SECTION 3.4
	 	L/C Participations	  	 	33	 
	 SECTION 3.5
	 	Reimbursement Obligation of the Borrower	  	 	34	 
	 SECTION 3.6
	 	Obligations Absolute	  	 	34	 
	 SECTION 3.7
	 	Effect of Letter of Credit Application	  	 	35	 
	 SECTION 3.8
	 	Resignation of Issuing Lenders	  	 	35	 
	 SECTION 3.9
	 	Reporting of Letter of Credit Information and L/C Commitment	  	 	35	 
	 SECTION 3.10
	 	Cash Collateral for Extended Letters of Credit	  	 	35	 

  
 i 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
		
	 ARTICLE IV   GENERAL LOAN PROVISIONS
	  	 	37	 
			
	 SECTION 4.1
	 	Interest	  	 	37	 
	 SECTION 4.2
	 	Fees	  	 	38	 
	 SECTION 4.3
	 	Manner of Payment	  	 	39	 
	 SECTION 4.4
	 	Evidence of Indebtedness	  	 	39	 
	 SECTION 4.5
	 	Sharing of Payments by Lenders	  	 	40	 
	 SECTION 4.6
	 	Administrative Agent’s Clawback	  	 	40	 
	 SECTION 4.7
	 	Illegality	  	 	41	 
	 SECTION 4.8
	 	Increased Costs	  	 	41	 
	 SECTION 4.9
	 	Taxes	  	 	43	 
	 SECTION 4.10
	 	Mitigation Obligations; Replacement of Lenders	  	 	46	 
	 SECTION 4.11
	 	Incremental Revolving Credit Increases	  	 	47	 
	 SECTION 4.12
	 	Cash Collateral	  	 	49	 
	 SECTION 4.13
	 	Defaulting Lenders	  	 	50	 
		
	 ARTICLE V    CONDITIONS OF CLOSING AND BORROWING
	  	 	52	 
			
	 SECTION 5.1
	 	Conditions to Closing and Initial Extensions of Credit	  	 	52	 
	 SECTION 5.2
	 	Conditions to All Extensions of Credit	  	 	56	 
		
	 ARTICLE VI   REPRESENTATIONS AND WARRANTIES OF THE CREDIT
PARTIES
	  	 	57	 
			
	 SECTION 6.1
	 	Organization; Power; Qualification	  	 	56	 
	 SECTION 6.2
	 	Ownership	  	 	56	 
	 SECTION 6.3
	 	Authorization; Enforceability	  	 	56	 
	 SECTION 6.4
	 	Compliance of Agreement, Loan Documents and Borrowing with Laws, Etc	  	 	57	 
	 SECTION 6.5
	 	Compliance with Law; Governmental Approvals	  	 	57	 
	 SECTION 6.6
	 	Tax Returns and Payments	  	 	58	 
	 SECTION 6.7
	 	Intellectual Property Matters	  	 	58	 
	 SECTION 6.8
	 	Environmental Matters	  	 	58	 
	 SECTION 6.9
	 	Employee Benefit Matters	  	 	58	 
	 SECTION 6.10
	 	Margin Stock	  	 	59	 
	 SECTION 6.11
	 	Government Regulation	  	 	60	 
	 SECTION 6.12
	 	Material Contracts	  	 	61	 
	 SECTION 6.13
	 	Employee Relations	  	 	61	 
	 SECTION 6.14
	 	Burdensome Provisions	  	 	61	 
	 SECTION 6.15
	 	Financial Statements	  	 	61	 

  
 ii 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
			
	 SECTION 6.16
	 	No Material Adverse Change	  	 	61	 
	 SECTION 6.17
	 	Solvency	  	 	61	 
	 SECTION 6.18
	 	Title to Properties	  	 	62	 
	 SECTION 6.19
	 	Litigation	  	 	62	 
	 SECTION 6.20
	 	Anti-Corruption Laws; Anti-Money Laundering Laws and Sanctions	  	 	62	 
	 SECTION 6.21
	 	Absence of Defaults	  	 	62	 
	 SECTION 6.22
	 	Senior Indebtedness Status	  	 	63	 
	 SECTION 6.23
	 	Disclosure	  	 	63	 
		
	 ARTICLE VII  AFFIRMATIVE COVENANTS
	  	 	63	 
			
	 SECTION 7.1
	 	Financial Statements and Budgets	  	 	63	 
	 SECTION 7.2
	 	Certificates; Other Reports	  	 	64	 
	 SECTION 7.3
	 	Notice of Litigation and Other Matters	  	 	65	 
	 SECTION 7.4
	 	Preservation of Corporate Existence and Related Matters	  	 	66	 
	 SECTION 7.5
	 	Maintenance of Property and Licenses	  	 	66	 
	 SECTION 7.6
	 	Insurance	  	 	67	 
	 SECTION 7.7
	 	Accounting Methods and Financial Records	  	 	67	 
	 SECTION 7.8
	 	Payment of Taxes and Other Obligations	  	 	67	 
	 SECTION 7.9
	 	Compliance with Laws and Approvals	  	 	67	 
	 SECTION 7.10
	 	Environmental Laws	  	 	67	 
	 SECTION 7.11
	 	Compliance with ERISA	  	 	67	 
	 SECTION 7.12
	 	Compliance with Material Contracts	  	 	68	 
	 SECTION 7.13
	 	Visits and Inspections	  	 	68	 
	 SECTION 7.14
	 	Additional Subsidiaries	  	 	68	 
	 SECTION 7.15
	 	Maintenance of Accounts	  	 	69	 
	 SECTION 7.16
	 	Use of Proceeds	  	 	70	 
	 SECTION 7.17
	 	Compliance with Anti-Corruption Laws; Anti-Money Laundering Laws and Sanctions	  	 	70	 
	 SECTION 7.18
	 	Further Assurances	  	 	70	 
	 SECTION 7.19
	 	Post-Closing Covenants	  	 	70	 
		
	 ARTICLE VIII   NEGATIVE COVENANTS
	  	 	70	 
			
	 SECTION 8.1
	 	Indebtedness	  	 	71	 
	 SECTION 8.2
	 	Liens	  	 	72	 
	 SECTION 8.3
	 	Investments	  	 	74	 

  
 iii 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
			
	 SECTION 8.4
	 	Fundamental Changes	  	 	75	 
	 SECTION 8.5
	 	Asset Dispositions	  	 	76	 
	 SECTION 8.6
	 	Restricted Payments	  	 	77	 
	 SECTION 8.7
	 	Transactions with Affiliates	  	 	77	 
	 SECTION 8.8
	 	Accounting Changes; Organizational Documents	  	 	78	 
	 SECTION 8.9
	 	Payments and Modifications of Subordinated Indebtedness	  	 	78	 
	 SECTION 8.10
	 	No Further Negative Pledges; Restrictive Agreements	  	 	78	 
	 SECTION 8.11
	 	Nature of Business	  	 	79	 
	 SECTION 8.12
	 	Sale Leasebacks	  	 	79	 
	 SECTION 8.13
	 	Financial Covenants	  	 	79	 
	 SECTION 8.14
	 	Disposal of Subsidiary Interests	  	 	80	 
		
	 ARTICLE IX   DEFAULT AND REMEDIES
	  	 	80	 
			
	 SECTION 9.1
	 	Events of Default	  	 	80	 
	 SECTION 9.2
	 	Remedies	  	 	82	 
	 SECTION 9.3
	 	Rights and Remedies Cumulative; Non-Waiver; etc	  	 	83	 
	 SECTION 9.4
	 	Crediting of Payments and Proceeds	  	 	83	 
	 SECTION 9.5
	 	Administrative Agent May File Proofs of Claim	  	 	84	 
	 SECTION 9.6
	 	Credit Bidding	  	 	85	 
	 SECTION 9.7
	 	Lender Action	  	 	85	 
		
	 ARTICLE X    THE ADMINISTRATIVE AGENT
	  	 	85	 
			
	 SECTION 10.1
	 	Appointment and Authority	  	 	85	 
	 SECTION 10.2
	 	Rights as a Lender	  	 	86	 
	 SECTION 10.3
	 	Exculpatory Provisions	  	 	86	 
	 SECTION 10.4
	 	Reliance by the Administrative Agent	  	 	87	 
	 SECTION 10.5
	 	Delegation of Duties	  	 	87	 
	 SECTION 10.6
	 	Resignation of Administrative Agent	  	 	88	 
	 SECTION 10.7
	 	Non-Reliance on Administrative Agent and Other Lenders	  	 	89	 
	 SECTION 10.8
	 	No Other Duties, Etc	  	 	89	 
	 SECTION 10.9
	 	Collateral and Guaranty Matters	  	 	89	 
	 SECTION 10.10
	 	Secured Hedge Agreements and Secured Cash Management Agreements	  	 	90	 
		
	 ARTICLE XI   MISCELLANEOUS
	  	 	91	 
			
	 SECTION 11.1
	 	Notices	  	 	91	 

  
 iv 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
			
	 SECTION 11.2
	 	Amendments, Waivers and Consents	  	 	92	 
	 SECTION 11.3
	 	Expenses; Indemnity	  	 	94	 
	 SECTION 11.4
	 	Right of Setoff	  	 	95	 
	 SECTION 11.5
	 	Governing Law; Jurisdiction, Etc	  	 	96	 
	 SECTION 11.6
	 	Waiver of Jury Trial	  	 	96	 
	 SECTION 11.7
	 	Reversal of Payments	  	 	97	 
	 SECTION 11.8
	 	Injunctive Relief	  	 	97	 
	 SECTION 11.9
	 	Successors and Assigns; Participations	  	 	97	 
	 SECTION 11.10
	 	Treatment of Certain Information; Confidentiality	  	 	101	 
	 SECTION 11.11
	 	Performance of Duties	  	 	102	 
	 SECTION 11.12
	 	All Powers Coupled with Interest	  	 	102	 
	 SECTION 11.13
	 	Survival	  	 	102	 
	 SECTION 11.14
	 	Titles and Captions	  	 	103	 
	 SECTION 11.15
	 	Severability of Provisions	  	 	103	 
	 SECTION 11.16
	 	Counterparts; Integration; Effectiveness; Electronic Execution	  	 	103	 
	 SECTION 11.17
	 	Term of Agreement	  	 	103	 
	 SECTION 11.18
	 	USA PATRIOT Act; Anti-Money Laundering Laws	  	 	103	 
	 SECTION 11.19
	 	Independent Effect of Covenants	  	 	104	 
	 SECTION 11.20
	 	No Advisory or Fiduciary Responsibility	  	 	104	 
	 SECTION 11.21
	 	Inconsistencies with Other Documents	  	 	104	 
	 SECTION 11.22
	 	Acknowledgement and Consent to Bail-In of EEA Financial Institutions	  	 	105	 
	 SECTION 11.23
	 	Certain ERISA Matters	  	 	105	 

  
 v 

			
	EXHIBITS	 	
	Exhibit A	 	 -   Form of Revolving Credit Note

	Exhibit B	 	 -   Form of Notice of Borrowing

	Exhibit C	 	 -   Form of Notice of Account Designation

	Exhibit D	 	 -   Form of Notice of Prepayment

	Exhibit E	 	 -   Borrowing Base Certificate

	Exhibit F	 	 -   Form of Officer’s Compliance Certificate

	Exhibit G	 	 -   Form of Assignment and Assumption

	Exhibit H	 	 -   Form of Guaranty Agreement

	Exhibit I-1	 	 -   Form of U.S. Tax Compliance Certificate (Non-Partnership Foreign Lenders)

	Exhibit I-2	 	 -   Form of U.S. Tax Compliance Certificate (Non-Partnership Foreign Participants)

	Exhibit I-3	 	 -   Form of U.S. Tax Compliance Certificate (Foreign Participant
Partnerships)

	Exhibit I-4	 	 -   Form of U.S. Tax Compliance Certificate (Foreign Lender
Partnerships)

	
	SCHEDULES
	Schedule 1.1(a)	 	 -   Existing Letters of Credit

	Schedule 1.1(b)	 	      Revolving Credit Commitments and Revolving Credit
Commitment Percentages

	Schedule 6.1	 	 -   Jurisdictions of Organization and Qualification

	Schedule 6.2	 	 -   Subsidiaries and Capitalization

	Schedule 6.6	 	 -   Tax Matters

	Schedule 6.9	 	 -   ERISA Plans

	Schedule 6.12	 	 -   Material Contracts

	Schedule 6.13	 	 -   Labor and Collective Bargaining Agreements

	Schedule 6.18	 	 -   Real Property

	Schedule 6.19	 	 -   Litigation

	Schedule 7.19	 	 -   Post-Closing Covenants

	Schedule 8.1	 	 -   Existing Indebtedness

	Schedule 8.2	 	 -   Existing Liens

	Schedule 8.3	 	 -   Existing Loans, Advances and Investments

	Schedule 8.7	 	 -   Transactions with Affiliates

  
 vi 

 CREDIT AGREEMENT, dated as of April 30, 2018, by and among ANAPLAN, INC., a Delaware
corporation, as Borrower, the lenders who are party to this Agreement and the lenders who may become a party to this Agreement pursuant to the terms hereof, as Lenders, and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as
Administrative Agent for the Lenders. 
 STATEMENT OF PURPOSE 

The Borrower has requested, and subject to the terms and conditions set forth in this Agreement, the Administrative Agent and the Lenders have
agreed to extend, certain credit facilities to the Borrower. 
 NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged by the parties hereto, such parties hereby agree as follows: 
 ARTICLE I 

DEFINITIONS 
 SECTION
1.1    Definitions. The following terms when used in this Agreement shall have the meanings assigned to them below: 

“Acquisition” means any transaction, or any series of related transactions, consummated on or after the date of this
Agreement, by which any Credit Party or any of its Subsidiaries (a) acquires any business or all or substantially all of the assets of any Person, or division thereof, whether through purchase of assets, merger or otherwise or (b) directly
or indirectly acquires (in one transaction or as the most recent transaction in a series of transactions) at least a majority (in number of votes) of the securities of a corporation which have ordinary voting power for the election of members of the
board of directors or the equivalent governing body (other than securities having such power only by reason of the happening of a contingency) or a majority (by percentage or voting power) of the outstanding ownership interests of a partnership or
limited liability company. 
 “Administrative Agent” means Wells Fargo, in its capacity as Administrative Agent hereunder,
and any successor thereto appointed pursuant to Section 10.6. 
 “Administrative Agent’s
Office” means the office of the Administrative Agent specified in or determined in accordance with the provisions of Section 11.1(c). 

“Administrative Questionnaire” means an administrative questionnaire in a form supplied by the Administrative Agent. 

“Affiliate” means, with respect to a specified Person, another Person that directly, or indirectly through one or more
intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 
 “Agent Parties” has
the meaning assigned thereto in Section 11.1(e). 
 “Agreement” means this Credit Agreement. 

“Anaplan UK” means Anaplan Limited, a company incorporated in England and Wales. 

“Anti-Corruption Laws” means all laws, rules, and regulations of any jurisdiction applicable to the Borrower or its
Subsidiaries from time to time concerning or relating to bribery or corruption, including, without limitation, the United States Foreign Corrupt Practices Act of 1977 and the rules and regulations thereunder and the U.K. Bribery Act 2010 and the
rules and regulations thereunder. 

 “Anti-Money Laundering Laws” means any and all laws, statutes, regulations
or obligatory government orders, decrees, ordinances or rules applicable to a Credit Party, its Subsidiaries or Affiliates related to terrorism financing or money laundering, including any applicable provision of the Patriot Act and The Currency and
Foreign Transactions Reporting Act (also known as the “Bank Secrecy Act,” 31 U.S.C. §§ 5311-5330 and 12U.S.C. §§ 1818(s), 1820(b) and 1951-1959). 

“Applicable Law” means all applicable provisions of constitutions, laws, statutes, ordinances, rules, treaties, regulations,
permits, licenses, approvals, interpretations and orders of Governmental Authorities and all orders and decrees of all courts and arbitrators. 

“Approved Fund” means any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or
(c) an entity or an Affiliate of an entity that administers or manages a Lender. 
 “Arranger” means Wells Fargo
Securities, LLC, in its capacity as sole lead arranger and sole bookrunner. 
 “AQR Ratio” means, on any date of
determination, the ratio of (a) cash, Cash Equivalents and net accounts receivable of the Borrower and its Subsidiaries to (b) the sum of, without duplication, (i) Current Liabilities (excluding any deferred revenues of Borrower and
its Subsidiaries otherwise included in Current Liabilities) and (ii) the aggregate outstanding amount of the Revolving Credit Loans. 

“Assets” means, on any date of determination, the total assets of the Borrower and its Subsidiaries determined on a
Consolidated basis in accordance with GAAP. 
 “Asset Disposition” means the sale, transfer, license, lease or other
disposition of any Property (including any disposition of Equity Interests) by any Credit Party or any Subsidiary thereof, and any issuance of Equity Interests by any Subsidiary of the Borrower to any Person that is not a Credit Party or any
Subsidiary thereof. The term “Asset Disposition” shall not include (a) the sale of inventory in the ordinary course of business, (b) the transfer of assets to the Borrower or any Subsidiary Guarantor pursuant to any other
transaction permitted pursuant to Section 8.4, (c) the write-off, discount, sale or other disposition of defaulted or past-due receivables and
similar obligations in the ordinary course of business and not undertaken as part of an accounts receivable financing transaction, (d) the disposition of any Hedge Agreement, (e) dispositions of Investments in cash and Cash Equivalents,
(f) the transfer by any Credit Party of its assets to any other Credit Party, (g) the transfer by any Non-Guarantor Subsidiary of its assets to any Credit Party (provided that in connection with any
new transfer, such Credit Party shall not pay more than an amount equal to the fair market value of such assets as determined in good faith at the time of such transfer) and (h) the transfer by any
Non-Guarantor Subsidiary of its assets to any other Non-Guarantor Subsidiary. 

“Assignment and Assumption” means an assignment and assumption entered into by a Lender and an Eligible Assignee (with the
consent of any party whose consent is required by Section 11.9), and accepted by the Administrative Agent, in substantially the form attached as Exhibit G or any other form
approved by the Administrative Agent. 
 “Attributable Indebtedness” means, on any date of determination, (a) in
respect of any Capital Lease Obligation of any Person, the capitalized amount thereof that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP, and (b) in respect of any Synthetic Lease, the
capitalized amount or principal amount of the remaining lease payments under the relevant lease that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP if such lease were accounted for as a Capital Lease
Obligation. 

  
 2 

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

“Bail-In Legislation” means, with respect to any EEA Member Country implementing
Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In
Legislation Schedule. 
 “Bankruptcy Code” means 11 U.S.C. §§ 101 et seq. 

“Base Rate” means, at any time, the highest of (a) the Prime Rate, (b) the Federal Funds Rate plus 0.50% and
(c) One Month LIBOR plus 1%; each change in the Base Rate shall take effect simultaneously with the corresponding change or changes in the Prime Rate, the Federal Funds Rate or One Month LIBOR (provided that clause
(c) shall not be applicable during any period in which One Month LIBOR is unavailable or unascertainable). 
 “Base Rate
Loan” means any Revolving Credit Loan bearing interest at a rate based upon the Base Rate as provided in Section 4.1(a). 

“Benefit Plan” means 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”. 
 “Borrower” means Anaplan, Inc., a Delaware
corporation. 
 “Borrowing Base” means, as determined from time to time by the Administrative Agent, based on a review
of collateral reports, Borrowing Base Certificates and other documents the Administrative Agent may request from time to time, an amount equal to the sum of: 

(a)    eighty percent (80%) of the Eligible Accounts Receivable; plus 

(b)    the aggregate amount of reserves, if any, established by the Administrative Agent under
Section 2.2; 
 provided that (x) in calculating the Borrowing Base on any date of determination, Eligible Accounts
Receivable of the Credit Parties that are Foreign Subsidiaries shall be limited to (and in no event shall exceed) 40% of the Borrowing Base and (y) the Administrative Agent may, from time to time (but not more than twice in any twelve month
period), based on a review of collateral reports, Borrowing Base Certificates and other documents the Administrative Agent may request from time to time, adjust the advance rate percentage set forth above in its reasonable discretion with notice to
the Borrower. 
 “Borrowing Base Certificate” means a certificate substantially in the form of Exhibit
E. 
 “Business Day” means for all purposes other than as set forth in clause (b) below, any day
other than a Saturday, Sunday or legal holiday on which banks in New York, New York, are open for the conduct of their commercial banking business. 

  
 3 

 “Capital Expenditures” means, with respect to the Borrower and its
Subsidiaries on a Consolidated basis, for any period, (a) the additions to property, plant and equipment and other capital expenditures that are (or would be) set forth in a consolidated statement of cash flows of such Person for such period
prepared in accordance with GAAP and (b) Capital Lease Obligations during such period, but excluding expenditures for the restoration, repair or replacement of any fixed or capital asset which was destroyed or damaged, in whole or in part, to
the extent financed by the proceeds of an insurance policy maintained by such Person. 
 “Capital Lease Obligations” of any
Person means 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, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP. 

“Cash Collateralize” means, to pledge and deposit with, or deliver to the Administrative Agent, or directly to the applicable
Issuing Lender (with notice thereof to the Administrative Agent), for the benefit of one or more of the Issuing Lenders 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 the applicable Issuing Lender shall agree, in their sole discretion, other credit support, in each case pursuant to documentation in form and substance satisfactory to
the Administrative Agent and such Issuing Lender. “Cash Collateral” shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support. 

“Cash Collateralized Letter of Credit” has the meaning assigned thereto in Section 3.10(d). 

“Cash Equivalents” means, collectively, (a) marketable direct obligations issued or unconditionally guaranteed by the
United States or any agency thereof maturing within one hundred twenty (120) days from the date of acquisition thereof, (b) commercial paper maturing no more than one hundred twenty (120) days from the date of creation thereof and
currently having the highest rating obtainable from either S&P or Moody’s, (c) certificates of deposit maturing no more than one hundred twenty (120) days from the date of creation thereof issued by commercial banks incorporated
under the laws of the United States, each having combined capital, surplus and undivided profits of not less than $500,000,000 and having a rating of “A” or better by a nationally recognized rating agency; provided that the
aggregate amount invested in such certificates of deposit shall not at any time exceed $5,000,000 for any one such certificate of deposit and $10,000,000 for any one such bank, or (d) time deposits maturing no more than thirty (30) days
from the date of creation thereof with commercial banks or savings banks or savings and loan associations each having membership either in the FDIC or the deposits of which are insured by the FDIC and in amounts not exceeding the maximum amounts of
insurance thereunder. 
 “Cash Management Agreement” means any agreement to provide cash management services, including
treasury, depository, overdraft, credit or debit card (including non-card electronic payables and purchasing cards), electronic funds transfer and other cash management arrangements. 

“Cash Management Bank” means any Person that, (a) at the time it enters into a Cash Management Agreement with a Credit
Party, is a Lender, an Affiliate of a Lender, the Administrative Agent or an Affiliate of the Administrative Agent, or (b) at the time it (or its Affiliate) becomes a Lender or the Administrative Agent (including on the Closing Date), is a
party to a Cash Management Agreement with a Credit Party, in each case in its capacity as a party to such Cash Management Agreement. 

  
 4 

 “Change in Control” means an event or series of events by which: 

(a)    the Borrower shall fail to own one hundred percent (100%) of the Equity Interests of any Credit Party (other than
the Borrower); or 
 (b)    (i) any “person” or “group” (as such terms are used in Sections
13(d) and 14(d) of the Exchange Act, but excluding any employee benefit plan of such person or its Subsidiaries, and any person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan)
becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act, except that a “person” or “group” shall be
deemed to have “beneficial ownership” of all Equity Interests that such “person” or “group” has the right to acquire, whether such right is exercisable immediately or only after the passage of time (such right, an
“option right”)), directly or indirectly, of more than forty-nine percent (49%) of the Equity Interests of the Borrower entitled to vote in the election of members of the board of directors (or equivalent governing body) of the Borrower or
(ii) a majority of the members of the board of directors (or other equivalent governing body) of Borrower shall not constitute Continuing Directors. 

“Change in Law” means the occurrence, after the date of this Agreement, of any of the following: (a) the adoption or
taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental Authority or (c) the making or
issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything herein to the contrary, (i) the Dodd-Frank Wall Street Reform and
Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (ii) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel
Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in Law”, regardless of the
date enacted, adopted, implemented or issued. 
 “Closing Date” means the date of this Agreement. 

“Code” means the Internal Revenue Code of 1986, as amended. 

“Collateral” means the collateral security for the Secured Obligations pledged or granted pursuant to the Security Documents
(for the avoidance of doubt, excluding in all cases, the Excluded Assets (as defined in the Collateral Agreement). 
 “Collateral
Agreement” means the collateral agreement of even date herewith executed by the Credit Parties in favor of the Administrative Agent, for the ratable benefit of the Secured Parties, which shall be in form and substance acceptable to the
Administrative Agent. 
 “Commitment Fee” has the meaning assigned thereto in Section 4.2(a).

 “Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.). 

“Connection Income Taxes” means Other Connection Taxes that are imposed on or measured by net income (however denominated) or
that are franchise Taxes or branch profits Taxes. 
 “Consolidated” means, when used with reference to financial statements
or financial statement items of any Person, such statements or items on a consolidated basis in accordance with applicable principles of consolidation under GAAP. 

  
 5 

 “Continuing Directors” means the directors (or equivalent governing body)
of the Borrower on the Closing Date and each other director (or equivalent) of the Borrower, if, in each case, such other Person’s nomination for election to the board of directors (or equivalent governing body) of the Borrower is approved by
at least 51% of the then Continuing Directors. 
 “Control” means the possession, directly or indirectly, of the power to
direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative
thereto. 
 “Credit Facility” means, collectively, the Revolving Credit Facility and the L/C Facility. 

“Credit Parties” means, collectively, the Borrower and the Subsidiary Guarantors. For the avoidance of doubt, Anaplan UK
shall not be a Credit Party until the post-closing covenants with respect to Anaplan UK referred to in Schedule 7.19 have been satisfied. 

“Current Liabilities” means scheduled payments of debt due within the next twelve (12) months (excluding any outstanding
borrowing under revolving lines of credit), accounts payable and accrued expenses of Borrower and its Subsidiaries, determined on a Consolidated basis in accordance with GAAP. 

“Debt Issuance” means the issuance of any Indebtedness for borrowed money by any Credit Party or any of its Subsidiaries.

 “Debtor Relief Laws” means the Bankruptcy Code of the United States of America, and all other liquidation,
conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in
effect. 
 “Default” means any of the events specified in Section 9.1 which with the passage of
time, the giving of notice or both, would constitute an Event of Default. 
 “Defaulting Lender” means, subject to
Section 4.13(b), any Lender that (a) has failed to (i) fund all or any portion of the Revolving Credit Loans required to be funded by it hereunder within two Business Days of the date such Revolving Credit Loans
or participations were required to be funded hereunder unless such Lender notifies the Administrative Agent and the Borrower in writing that such failure is the result of such Lender’s determination that one or more conditions precedent to
funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the Administrative Agent, any Issuing Lender 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 Borrower, the Administrative Agent or any Issuing Lender in
writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such Lender’s obligation to fund a Revolving Credit Loan
hereunder and states that such position is based on such Lender’s determination that a condition precedent to funding (which condition precedent, together with any applicable default, shall be specifically identified in such writing or public
statement) cannot be satisfied), (c) has failed, within three Business Days after written request by the Administrative Agent or the Borrower, to confirm in writing to the Administrative Agent and the 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 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 

  
 6 

 
for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets,
including the FDIC 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 equity interest 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 shall be conclusive and binding absent manifest error, and
such Lender shall be deemed to be a Defaulting Lender (subject to Section 4.13(b)) upon delivery of written notice of such determination to the Borrower, each Issuing Lender and each Lender. 

“Disqualified Equity Interests” means any Equity Interests that, by their terms (or by the terms of any security or other
Equity Interest into which they are convertible or for which they are exchangeable) or upon the happening of any event or condition, (a) mature or are mandatorily redeemable (other than solely for Qualified Equity Interests), pursuant to a
sinking fund obligation or otherwise (except as a result of a change of control or asset sale so long as any rights of the holders thereof upon the occurrence of a change of control or asset sale event shall be subject to the prior repayment in full
of the Revolving Credit Loans and all other Obligations that are accrued and payable and the termination of the Revolving Credit Commitment), (b) are redeemable at the option of the holder thereof (other than solely for Qualified Equity
Interests) (except as a result of a change of control or asset sale so long as any rights of the holders thereof upon the occurrence of a change of control or asset sale event shall be subject to the prior repayment in full of the Revolving Credit
Loans and all other Obligations that are accrued and payable and the termination of the Revolving Credit Commitment), in whole or in part, (c) provide for the scheduled payment of dividends in cash or (d) are or become convertible into or
exchangeable for Indebtedness or any other Equity Interests that would constitute Disqualified Equity Interests, in each case, prior to the date that is 91 days after the Revolving Credit Maturity Date; provided that if such Equity Interests
are issued pursuant to a plan for the benefit of the Borrower or its Subsidiaries or by any such plan to such officers or employees, such Equity Interests shall not constitute Disqualified Equity Interests solely because they may be required to be
repurchased by the Borrower or its Subsidiaries in order to satisfy applicable statutory or regulatory obligations. 

“Dollars” or “$” means, unless otherwise qualified, dollars in lawful currency of the United States. 

“Domestic Subsidiary” means any Subsidiary organized under the laws of any political subdivision of the United States. 

“EEA Financial Institution” means (a) any credit institution or investment firm established in any EEA Member Country
which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, 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” means any of the member states of the European Union, Iceland, Liechtenstein, and Norway. 

  
 7 

 “EEA Resolution Authority” means any public administrative authority or any
Person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any credit institution or investment firm established in any EEA Member Country. 

“Eligible Accounts Receivable” means as of any date of determination, the Credit Parties’ trade accounts which are
created in the ordinary course of the Borrower’s business and upon which the right to receive payment is absolute and not contingent upon the fulfillment of any condition whatsoever; provided that in no event shall “Eligible
Accounts Receivable” include: 
 (i)    any account that is outstanding more than ninety
(90) days past the invoice date for such account; 
 (ii)    any account for which there exists any
right of setoff, defense or discount or for which any defense or counterclaims have been asserted, other than (A) discounts allowed in the ordinary course of business to promote prompt payment, (B) adjustments and compromises in the
ordinary course of business which do not, whether considered individually or in the aggregate, materially diminish the aggregate amount of accounts receivable in existence at the time of any such adjustment or compromise and (C) without
duplication of the discounts, adjustments and compromises described in clauses (A) and (B), returns, rebates, discounts, credits or allowances not exceeding, in the aggregate for all Eligible Accounts Receivable for any three (3) month
period, five percent (5%) of the gross sales of the Credit Parties and their Subsidiaries for such three (3) month period; 

(iii)    any account which represents an obligation of a Governmental Authority (except accounts which
represent obligations of the United States government for which the assignment provisions of the Federal Assignment of Claims Act have been complied with to the Administrative Agent’s satisfaction); 

(iv)    any account which arises from the sale or lease to, or performance of services for, or represents
an obligation of, an employee, Affiliate or Subsidiary of the Borrower; 
 (v)    that portion of any
account which represents interim or progress billings or retention rights on the part of the account debtor; 

(vi)    any account which represents an obligation of any account debtor when twenty percent (20%) or more
of the Borrower’s accounts from such account debtor are outstanding more than ninety (90) days past the invoice dates of such accounts; 

(vii)    that portion of any account from an account debtor which represents the amount by which the
Borrower’s total accounts from such account debtor exceeds twenty-five percent (25%) of the Borrowers’ total accounts, except as approved by the Administrative Agent in writing; 

(viii)    bill and hold (deferred shipment) or consignment sales; 

(ix)    any account from an account debtor which is: (A) insolvent, (B) the debtor in any bankruptcy,
insolvency, arrangement, reorganization, receivership or similar proceedings under any federal or state law, (C) negotiating, or has called a meeting of its creditors for purposes of negotiating, a compromise of its debts or (D) has a
credit rating unacceptable to the Administrative Agent in its reasonable discretion; 

  
 8 

 (x)    any account in which any other Person (other than
the Administrative Agent) has a Lien, other than a Permitted Lien; and 
 (xi)    any account deemed
ineligible by the Administrative Agent, when the Administrative Agent in its reasonable discretion with notice to the Borrower deems (x) the creditworthiness or financial condition of the account debtor, (y) the industry in which the
account debtor is engaged or (z) the country of origin of any account debtor, to be unsatisfactory. 
 Notwithstanding anything herein to the contrary,
all of the foregoing shall be determined by the Administrative Agent upon receipt and review of all collateral reports required hereunder, and such other documents and collateral information as Administrative Agent may from time to time require. If
after receipt and review of such collateral reports and exams, the Administrative Agent reasonably concludes that Borrower has included in the Borrowing Base accounts which are not in fact Eligible Accounts Receivable, the Administrative Agent may
reduce the Borrowing Base accordingly. 
 “Eligible Assignee” means any Person that meets the requirements to be an
assignee under Section 11.9(b)(iii), (v) and (vi) (subject to such consents, if any, as may be required under Section 11.9(b)(iii)). 

“Employee Benefit Plan” means (a) any employee benefit plan within the meaning of Section 3(3) of ERISA that is
maintained for employees of any Credit Party or any ERISA Affiliate or (b) any Pension Plan or Multiemployer Plan that has at any time within the preceding seven (7) years been maintained, funded or administered for the employees of any
Credit Party or any current or former ERISA Affiliate. 
 “Environmental Claims” means any and all administrative,
regulatory or judicial actions, suits, demands, demand letters, claims, liens, accusations, allegations, notices of noncompliance or violation, investigations (other than internal reports prepared by any Person in the ordinary course of business and
not in response to any third party action or request of any kind) or proceedings relating in any way to any actual or alleged violation of or liability under any Environmental Law or relating to any permit issued, or any approval given, under any
such Environmental Law, including, without limitation, any and all claims by Governmental Authorities for enforcement, cleanup, removal, response, remedial or other actions or damages, contribution, indemnification, cost recovery, compensation or
injunctive relief resulting from Hazardous Materials or arising from alleged injury or threat of injury to public health or the environment. 

“Environmental Laws” means any and all federal, foreign, state, provincial and local laws, statutes, ordinances, codes,
rules, standards and regulations, permits, licenses, approvals, interpretations and orders of courts or Governmental Authorities, relating to the protection of public health or the environment, including, but not limited to, requirements pertaining
to the manufacture, processing, distribution, use, treatment, storage, disposal, transportation, handling, reporting, licensing, permitting, investigation or remediation of Hazardous Materials. 

“Equity Interests” means (a) in the case of a corporation, capital stock, (b) in the case of an association or
business entity, any and all shares, interests, participations, rights or other equivalents (however designated) of capital stock, (c) in the case of a partnership, partnership interests (whether general or limited), (d) in the case of a
limited liability company, membership interests, (e) any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person and (f) any and
all warrants, rights or options to purchase any of the foregoing. 

  
 9 

 “ERISA” means the Employee Retirement Income Security Act of 1974, and the
rules and regulations thereunder. 
 “ERISA Affiliate” means any Person who together with any Credit Party or any of its
Subsidiaries is treated as a single employer within the meaning of Section 414(b), (c), (m) or (o) of the Code or Section 4001(b) of ERISA. 

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

“Eurodollar Reserve Percentage” means, for any day, the percentage which is in effect for such day as prescribed by the Board
of Governors of the Federal Reserve System (or any successor) for determining the maximum reserve requirement (including, without limitation, any basic, supplemental or emergency reserves) in respect of eurocurrency liabilities or any similar
category of liabilities for a member bank of the Federal Reserve System in New York City. 
 “Event of Default” means any
of the events specified in Section 9.1; provided that any requirement for passage of time, giving of notice, or any other condition, has been satisfied. 

“Exchange Act” means the Securities Exchange Act of 1934 (15 U.S.C. § 77 et seq.). 

“Excluded Subsidiaries” means (a) those Subsidiaries the Borrower may from time to time, at its option, designate in
writing to the Administrative Agent that, individually or in the aggregate, represent less than 5% of Assets, (b) any Subsidiary that is prohibited by Applicable Law from becoming a Subsidiary Guarantor (but only for so long as such prohibition
is applicable), (c) Foreign Subsidiaries (other than Anaplan UK) to the extent that and for so long as the guaranty of such Foreign Subsidiary would have adverse tax consequences for the Borrower or any other Credit Party and (d) any other
Subsidiary with respect to which, in the reasonable judgment of the Administrative Agent and the Borrower, the burden or cost or other consequences of providing a guaranty shall be excessive in view of the benefits to be obtained by the Lenders
therefrom. 
 “Excluded Swap Obligation” means, with respect to any Credit Party, any Swap Obligation if, and to the extent
that, all or a portion of the liability of such Credit Party for or the guarantee of such Credit Party of, or the grant by such Credit Party of a security interest to secure, such Swap Obligation (or any liability or guarantee thereof) is or becomes
illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Credit Party’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 liability for or the guarantee of such Credit Party or the grant of such security interest becomes
effective with respect to such Swap Obligation (such determination being made after giving effect to any applicable keepwell, support or other agreement for the benefit of the applicable Credit Party, including under the keepwell provisions in the
Guaranty Agreement). If a Swap Obligation arises under a master agreement governing more than one swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to swaps for which such guarantee or security
interest is or becomes illegal for the reasons identified in the immediately preceding sentence of this definition. 
 “Excluded
Taxes” means any of the following Taxes imposed on or with respect to a Recipient or required to be withheld or deducted from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise
Taxes, and branch profits Taxes, in each case, (i) imposed as a result of such Recipient being organized under the laws of, or having its principal office or, in the case of any Lender, its applicable Lending Office located in, the jurisdiction
imposing such Tax (or any 

  
 10 

 
political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Lender, United States federal withholding Taxes imposed on amounts payable to or for the
account of such Lender with respect to an applicable interest in a Revolving Credit Loan or Revolving Credit Commitment pursuant to a law in effect on the date on which (i) such Lender acquires such interest in the Revolving Credit Loan or
Revolving Credit Commitment (other than pursuant to an assignment request by the Borrower under Section 4.10(b)) or (ii) such Lender changes its Lending Office, except in each case to the extent that, pursuant to
Section 4.9, 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 4.9(g) and (d) any United States federal withholding Taxes imposed under FATCA. 

“Existing Letters of Credit” means those letters of credit existing on the Closing Date and identified on Schedule
1.1(a). 
 “Extended Letter of Credit” has the meaning assigned thereto in Section 3.1(b).

 “Extensions of Credit” means, as to any Lender at any time, (a) an amount equal to the sum of (i) the
aggregate principal amount of all Revolving Credit Loans made by such Lender then outstanding and (ii) such Lender’s Revolving Credit Commitment Percentage of the L/C Obligations then outstanding, or (b) the making of any Revolving
Credit Loan or participation in any Letter of Credit by such Lender, as the context requires. 
 “FATCA” means 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), any current or future regulations or official interpretations
thereof, and any agreements entered into pursuant to Section 1471(b)(1) of the Code. 
 “FDIC” means the Federal
Deposit Insurance Corporation. 
 “Federal Funds Rate” means, for any day, the rate per annum equal to the weighted average
of the rates on overnight federal funds transactions with members of the Federal Reserve System, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day, provided that if such rate is not so published
for any day which is a Business Day, the Federal Funds Rate for such day shall be the average of the quotation for such day on such transactions received by the Administrative Agent from three federal funds brokers of recognized standing selected by
the Administrative Agent. Notwithstanding the foregoing, if the Federal Funds Rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement. 

“Fee Letter” means any letter between the Borrower and any Issuing Lender (other than Wells Fargo) relating to certain fees
payable to such Issuing Lender in its capacity as such. 
 “Fiscal Year” means the fiscal year of the Borrower and its
Subsidiaries ending on January 31. 
 “First Tier Foreign Subsidiary” means any Foreign Subsidiary that is a
“controlled foreign corporation” within the meaning of Section 957 of the Code and the Equity Interests of which are owned directly by any Credit Party. 

“Foreign Lender” means (a) if the Borrower is a U.S. Person, a Lender that is not a U.S. Person, and (b) if the
Borrower is not a U.S. Person, a Lender that is resident or organized under the laws of a jurisdiction other than that in which the Borrower is resident for tax purposes. 

  
 11 

 “Foreign Subsidiary” means any Subsidiary that is not a Domestic
Subsidiary. 
 “Foreign Pledge Agreement” means, with respect to any First Tier Foreign Subsidiary, a pledge agreement,
share charge, deed of charge or other similar agreement or instrument, executed by the Borrower or Domestic Subsidiary that owns any Equity Securities of such First Tier Foreign Subsidiary (and by such First Tier Foreign Subsidiary, if applicable),
in form and substance reasonably satisfactory to the Administrative Agent. 
 “Fronting Exposure” means, at any time there
is a Defaulting Lender, with respect to any Issuing Lender, such Defaulting Lender’s Revolving Credit Commitment Percentage of the outstanding L/C Obligations with respect to Letters of Credit issued by such Issuing Lender, other than such 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. 

“Fund” means any Person (other than a natural Person) that is (or will be) engaged in making, purchasing, holding or
otherwise investing in commercial loans, bonds and similar extensions of credit in the ordinary course of its activities. 

“GAAP” means generally accepted accounting principles in the United States set forth in the opinions and pronouncements of
the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or such other principles as may be approved by a significant segment of the
accounting profession in the United States, that are applicable to the circumstances as of the date of determination, consistently applied. 

“Governmental Approvals” means all authorizations, consents, approvals, permits, licenses and exemptions of, and all
registrations and filings with or issued by, any Governmental Authorities. 
 “Governmental Authority” means the government
of the United States or any other nation, or of any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial,
taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). 

“Guarantee” of or by any Person (the “guarantor”) means any obligation, contingent or otherwise, of the
guarantor guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of the
guarantor, direct or indirect, (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply funds for the purchase of) any security for the
payment thereof, (b) to purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness or other obligation of the payment thereof, (c) to maintain working capital, equity capital or any other
financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation, (d) as an account party in respect of any letter of credit or letter of guaranty issued to
support such Indebtedness or obligation or (e) for the purpose of assuming in any other manner the obligee in respect of such Indebtedness or other obligation of the payment or performance thereof or to protect such obligee against loss in
respect thereof (whether in whole or in part). 
 “Guaranty Agreement” means the unconditional guaranty agreement in
substantially the form of Exhibit H executed by the Borrower and the Subsidiary Guarantors in favor of the Administrative Agent, for the ratable benefit and the Secured Parties. 

  
 12 

 “Hazardous Materials” means any substances or materials (a) which are
or become defined as hazardous wastes, hazardous substances, pollutants, contaminants, chemical substances or mixtures or toxic substances under any Environmental Law, (b) which are toxic, explosive, corrosive, flammable, infectious,
radioactive, carcinogenic, mutagenic or otherwise harmful to public health or the environment and are or become regulated by any Governmental Authority, (c) the presence of which require investigation or remediation under any Environmental Law
or common law, (d) the discharge or emission or release of which requires a permit or license under any Environmental Law or other Governmental Approval, (e) which are deemed by a Governmental Authority to constitute a nuisance or a
trespass which pose a health or safety hazard to Persons or neighboring properties, or (f) which contain, without limitation, asbestos, polychlorinated biphenyls, urea formaldehyde foam insulation, petroleum hydrocarbons, petroleum derived
substances or waste, crude oil, nuclear fuel, natural gas or synthetic gas. 
 “Hedge Agreement” means (a) any and all
rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or
options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency
rate swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or
subject to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps
and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement. 
 “Hedge
Bank” means any Person that, (a) at the time it enters into a Hedge Agreement with a Credit Party permitted under Article VIII, is a Lender, an Affiliate of a Lender, the Administrative Agent or an Affiliate of the
Administrative Agent or (b) at the time it (or its Affiliate) becomes a Lender or the Administrative Agent (including on the Closing Date), is a party to a Hedge Agreement with a Credit Party, in each case in its capacity as a party to such
Hedge Agreement. 
 “Hedge Termination Value” means, in respect of any one or more Hedge Agreements, after taking into
account the effect of any legally enforceable netting agreement relating to such Hedge Agreements, (a) for any date on or after the date such Hedge 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), the amount(s) determined as the mark-to-market value(s) for such
Hedge Agreements, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Hedge Agreements (which may include a Lender or any Affiliate
of a Lender). 
 “Increased Amount Date” has the meaning assigned thereto in Section 4.11(a).

 “Incremental Facilities Limit” means $20,000,000 less the total aggregate initial principal amount (as of
the date of incurrence thereof) of all previously incurred unfunded Incremental Revolving Credit Commitments and Incremental Revolving Credit Increases.  

“Incremental Lender” has the meaning assigned thereto in Section 4.11(a). 

“Incremental Revolving Credit Commitment” has the meaning assigned thereto in Section 4.12(a). 

  
 13 

 “Incremental Revolving Credit Increase” has the meaning assigned thereto in
Section 4.11(a). 
 “Indebtedness” means, with respect to any Person at any date and without
duplication, the sum of the following: 
 (a)    all liabilities, obligations and indebtedness for borrowed money
including, but not limited to, obligations evidenced by bonds, debentures, notes or other similar instruments of any such Person; 

(b)    all obligations to pay the deferred purchase price of property or services of any such Person (including, without
limitation, all payment obligations under non-competition, earn-out or similar agreements), except trade payables arising in the ordinary course of business not more
than ninety (90) days past due, or that are currently being contested in good faith by appropriate proceedings and with respect to which reserves in conformity with GAAP have been provided for on the books of such Person; 

(c)    the Attributable Indebtedness of such Person with respect to such Person’s Capital Lease Obligations and
Synthetic Leases (regardless of whether accounted for as indebtedness under GAAP); 
 (d)    all obligations of such
Person under conditional sale or other title retention agreements relating to property purchased by such Person to the extent of the value of such property (other than customary reservations or retentions of title under agreements with suppliers
entered into in the ordinary course of business); 
 (e)    all Indebtedness of any other Person secured by a Lien on
any asset owned or being purchased by such Person (including indebtedness arising under conditional sales or other title retention agreements except trade payables arising in the ordinary course of business), whether or not such indebtedness shall
have been assumed by such Person or is limited in recourse; 
 (f)    all obligations, contingent or otherwise, of any
such Person relative to the face amount of letters of credit, whether or not drawn, including, without limitation, any Reimbursement Obligation, and banker’s acceptances issued for the account of any such Person; 

(g)    all obligations of any such Person in respect of Disqualified Equity Interests; 

(h)    all net obligations of such Person under any Hedge Agreements; and 

(i)    all Guarantees of any such Person with respect to any of the foregoing. 

For all purposes hereof, the Indebtedness of any Person shall include the Indebtedness of any partnership or joint venture (other than a joint
venture that is itself a corporation or limited liability company) in which such Person is a general partner or a joint venturer, unless such Indebtedness is expressly made non-recourse to such Person. In
respect of Indebtedness of another Person secured by a Lien on the assets of the specified Person, the amount of such Indebtedness as of any date of determination will be the lesser of (x) the fair market value of such assets as of such date
and (y) the amount of such Indebtedness as of such date. 
 The amount of any net obligation under any Hedge Agreement on any date
shall be deemed to be the Hedge Termination Value thereof as of such date. 
 “Indemnified Taxes” means (a) Taxes,
other than Excluded Taxes, imposed on or with respect to any payment made by or on account of any obligation of any Credit Party under any Loan Document and (b) to the extent not otherwise described in clause (a), Other Taxes. 

  
 14 

 “Indemnitee” has the meaning assigned thereto in
Section 11.3(b). 
 “Information” has the meaning assigned thereto in
Section 11.10. 
 “Initial Issuing Lenders” means (a) Wells Fargo and (b) Comerica
Bank. 
 “Insurance and Condemnation Event” means the receipt by any Credit Party or any of its Subsidiaries of any cash
insurance proceeds or condemnation award payable by reason of theft, loss, physical destruction or damage, taking or similar event with respect to any of their respective Property. 

“Intangibles” means the aggregate goodwill, trademarks, patents, organizational expense and other similar intangible items of
the Borrower and its Subsidiaries determined in accordance with GAAP. 
 “Intellectual Property” has the meaning assigned
thereto in the Collateral Agreement. 
 “Interstate Commerce Act” means the body of law commonly known as the Interstate
Commerce Act (49 U.S.C. App. § 1 et seq.). 
 “Investment” means, with respect to any Person, that such Person
(a) purchases, owns, invests in or otherwise acquires (in one transaction or a series of transactions), directly or indirectly, any Equity Interests, interests in any partnership or joint venture (including, without limitation, the creation or
capitalization of any Subsidiary), evidence of Indebtedness or other obligation or security, substantially all or a portion of the business or assets of any other Person or any other investment or interest whatsoever in any other Person,
(b) makes any Acquisition or (c) makes or permits to exist, directly or indirectly, any loans, advances or extensions of credit to, or any investment in cash or by delivery of Property in, any Person. 

“Investment Company Act” means the Investment Company Act of 1940 (15 U.S.C. § 80(a)(1), et seq.). 

“IRS” means the United States Internal Revenue Service. 

“ISP98” means the International Standby Practices (1998 Revision, effective January 1, 1999), International Chamber of
Commerce Publication No. 590. 
 “Issuing Lender” means (i) the Initial Issuing Lenders and (ii) any other
Revolving Credit Lender to the extent it has agreed in its sole discretion to act as an “Issuing Lender” hereunder and that has been approved in writing by the Borrower and the Administrative Agent (such approval by the Administrative
Agent not to be unreasonably delayed or withheld) as an “Issuing Lender” hereunder, in each case in its capacity as issuer of any Letter of Credit. 

“L/C Commitment” means, as to any Issuing Lender, the obligation of such Issuing Lender to issue standby Letters of Credit
for the account of the Borrower from time to time in an aggregate amount equal to (a) for each of the Initial Issuing Lenders (i) $10,000,000 minus (ii) the aggregate face amount of Letters of Credit (including the Existing Letters
of Credit) issued by the other Initial Issuing Lender and (b) for any other Issuing Lender becoming an Issuing Lender after the Closing Date, such amount as separately agreed to in a written agreement between the Borrower and such Issuing
Lender (which such agreement shall be promptly delivered to the Administrative Agent upon execution), in each case of clauses (a) and (b) above, any such amount may be changed after the Closing Date in a written agreement between the Borrower
and such Issuing Lender (which such agreement shall be promptly delivered to the Administrative Agent upon execution); provided that the L/C Commitment with respect to any Person that ceases to be an Issuing Lender for any reason pursuant to
the terms hereof shall be $0 (subject to the Letters of Credit of such Person remaining outstanding in accordance with the provisions hereof). 

  
 15 

 “L/C Facility” means the letter of credit facility established pursuant to
Article III. 
 “L/C Obligations” means at any time, an amount equal to the sum of (a) the aggregate undrawn
and unexpired amount of the then outstanding Letters of Credit and (b) the aggregate amount of drawings under Letters of Credit which have not then been reimbursed pursuant to Section 3.5. 

“L/C Participants” means, with respect to any Letter of Credit, the collective reference to all the Revolving Credit Lenders
other than the applicable Issuing Lender. 
 “L/C Sublimit” means the lesser of (a) $10,000,000 and (b) the
Revolving Credit Commitment. 
 “Lender” means each Person executing this Agreement as a Lender on the Closing Date and any
other Person that shall have become a party to this Agreement as a Lender pursuant to an Assignment and Assumption or pursuant to Section 4.11, other than any Person that ceases to be a party hereto as a Lender pursuant to
an Assignment and Assumption. 
 “Lender Joinder Agreement” means a joinder agreement in form and substance reasonably
satisfactory to the Administrative Agent delivered in connection with Section 4.11. 
 “Lending
Office” means, with respect to any Lender, the office of such Lender maintaining such Lender’s Extensions of Credit. 

“Letter of Credit Application” means an application requesting such Issuing Lender to issue a Letter of Credit and a
reimbursement agreement, in each case in the form specified by the applicable Issuing Lender from time to time. 
 “Letters of
Credit” means the collective reference to letters of credit issued pursuant to Section 3.1 and the Existing Letters of Credit. 

“Liabilities” means, on any date of determination, the total liabilities of the Borrower and its Subsidiaries determined on a
consolidated basis in accordance with GAAP. 
 “Lien” means, with respect to any asset, any mortgage, leasehold mortgage,
lien, pledge, charge, security interest, hypothecation or encumbrance of any kind in respect of such asset. For the purposes of this Agreement, a Person shall be deemed to own subject to a Lien any asset which it has acquired or holds subject to the
interest of a vendor or lessor under any conditional sale agreement, Capital Lease Obligation or other title retention agreement relating to such asset. 

“Loan Documents” means, collectively, this Agreement, each Revolving Credit Note, the Letter of Credit Applications, the
Security Documents, the Guaranty Agreement, the Fee Letters and each other document, instrument, certificate and agreement executed and delivered by the Credit Parties or any of their respective Subsidiaries in favor of or provided to the
Administrative Agent or any Secured Party in connection with this Agreement or otherwise referred to herein or contemplated hereby (excluding any Secured Hedge Agreement and any Secured Cash Management Agreement). 

“London Banking Day” means any day on which dealings in Dollar deposits are conducted by and between banks in the London
interbank Eurodollar market. 

  
 16 

 “Material Adverse Effect” means, with respect to the Borrower and its
Subsidiaries, (a) a material adverse change in, or a material adverse effect on, the operations, business, assets, properties, liabilities (actual or contingent) or financial condition of the Borrower and its Subsidiaries taken as a whole
, (b) a material impairment of the ability of the Credit Parties to perform their obligations under the Loan Documents taken as a whole, (c) a material impairment of the rights and remedies of the Administrative Agent or any Lender under
any Loan Document or (d) a material adverse effect upon the legality, validity, binding effect or enforceability against any Credit Party of any Loan Document to which it is a party. 

“Material Contract” means any written contract or agreement of any Credit Party the breach,
non-performance, cancellation or failure to renew will have a Material Adverse Effect. 

“Minimum Collateral Amount” means, at any time, (a) with respect to Cash Collateral consisting of cash or deposit
account balances provided to reduce or eliminate Fronting Exposure during the existence of a Defaulting Lender, an amount equal to 105% of the Fronting Exposure of the Issuing Lenders with respect to Letters of Credit issued and outstanding at such
time, (b) with respect to Cash Collateral consisting of cash or deposit account balances provided in accordance with the provisions of Section 9.2(b), an amount equal to 105% of the outstanding amount of all L/C
Obligations and (c) otherwise, an amount determined by the Administrative Agent and each of the applicable Issuing Lenders that is entitled to Cash Collateral hereunder at such time in their sole discretion. 

“Moody’s” means Moody’s Investors Service, Inc. 

“Multiemployer Plan” means a “multiemployer plan” as defined in Section 4001(a)(3) of ERISA to which any
Credit Party or any ERISA Affiliate is making, or is accruing an obligation to make, or has accrued an obligation to make contributions within the preceding seven (7) years. 

“Non-Consenting Lender” means any Lender that does not approve any consent, waiver,
amendment, modification or termination that (a) requires the approval of all Lenders or all affected Lenders in accordance with the terms of Section 11.2 and (b) has been approved by the Required Lenders. 

“Non-Defaulting Lender” means, at any time, each Lender that is not a Defaulting
Lender at such time. 
 “Non-Guarantor Subsidiary” means any Subsidiary of the
Borrower that is not a Subsidiary Guarantor. 
 “Notice of Account Designation” has the meaning assigned thereto in
Section 2.3(b). 
 “Notice of Borrowing” has the meaning assigned thereto in
Section 2.3(a). 
 “Notice of Prepayment” has the meaning assigned thereto in
Section 2.4(c). 
 “Obligations” means, in each case, whether now in existence or hereafter
arising: (a) the principal of and interest on (including interest accruing after the filing of any bankruptcy or similar petition) the Revolving Credit Loans, (b) the L/C Obligations and (c) all other fees and commissions (including
attorneys’ fees), charges, indebtedness, loans, liabilities, financial accommodations, obligations, covenants and duties owing by the Credit Parties to the Lenders, the Issuing Lenders or the Administrative Agent, in each case under any Loan
Document, with respect to any Revolving Credit Loan or Letter of Credit of every kind, nature and description, direct or indirect, absolute or contingent, due or to become due, contractual or tortious, liquidated or unliquidated, and whether or not
evidenced by any 

  
 17 

 
note and including interest and fees that accrue after the commencement by or against any Credit Party of any proceeding under any Debtor Relief Laws, naming such Person as the debtor in such
proceeding, regardless of whether such interest and fees are allowed claims in such proceeding. 
 “OFAC” means the U.S.
Department of the Treasury’s Office of Foreign Assets Control. 
 “Officer’s Compliance Certificate” means a
certificate of the chief executive officer, chief financial officer, chief accounting officer, treasurer or controller of the Borrower substantially in the form attached as Exhibit F. 

“One Month LIBOR” means, for any interest rate calculation with respect to a Base Rate Loan, the rate of interest per annum
determined on the basis of the rate for deposits in Dollars for an term of one month (commencing on the date of determination of such interest rate) as published by the ICE Benchmark Administration Limited, a United Kingdom company, or a comparable
or successor quoting service approved by the Administrative Agent, at approximately 11:00 a.m. (London time) on such date of determination, or, if such date is not a London Banking Day, then the immediately preceding London Banking Day. If, for any
reason, such rate is not so published then “One Month LIBOR” for such Base Rate Loan shall be determined by the Administrative Agent to be the arithmetic average of the rate per annum at which deposits in Dollars would be offered by first
class banks in the London interbank market to the Administrative Agent at approximately 11:00 a.m. (London time) on such date of determination for a period equal to one month commencing on such date of determination. Each calculation by the
Administrative Agent of One Month LIBOR shall be conclusive and binding for all purposes, absent manifest error. Notwithstanding the foregoing, in no event shall One Month LIBOR be less than 0%. 

“Operating Lease” means, as to any Person as determined in accordance with GAAP, any lease of Property (whether real,
personal or mixed) by such Person as lessee which is not a capital lease. 
 “Other Connection Taxes” means, 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 Revolving Credit Loan or Loan
Document). 
 “Other Taxes” means all present or future stamp, court, 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 any such
Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 4.10). 

“Participant” has the meaning assigned thereto in Section 11.9(d). 

“Participant Register” has the meaning assigned thereto in Section 11.9(d). 

“PATRIOT Act” means the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law
October 26, 2001)). 
 “PBGC” means the Pension Benefit Guaranty Corporation or any successor agency. 

“Pension Plan” means any Employee Benefit Plan, other than a Multiemployer Plan, which is subject to the provisions of Title
IV of ERISA or Section 412 of the Code and which (a) is maintained, 

  
 18 

 
funded or administered for the employees of any Credit Party or any ERISA Affiliate or (b) has at any time within the preceding seven (7) years been maintained, funded or administered
for the employees of any Credit Party or any current or former ERISA Affiliates. 
 “Permitted Acquisition” means any
Acquisition that meets all of the following requirements: 
 (a)    no less than fifteen (15) Business Days prior
to the proposed closing date of such Acquisition (or such shorter period as may be agreed to by the Administrative Agent), the Borrower shall have delivered written notice of such Acquisition to the Administrative Agent and the Lenders, which notice
shall include the proposed closing date of such Acquisition; 
 (b)    the board of directors or other similar governing
body of the Person to be acquired shall have approved such Acquisition (and, if requested, the Administrative Agent shall have received evidence, in form and substance reasonably satisfactory to the Administrative Agent, of such approval); 

(c)    the Person or business to be acquired shall be in a line of business permitted pursuant to
Section 8.11 or, in the case of an Acquisition of assets, the assets acquired are useful in the business of the Borrower and its Subsidiaries as conducted immediately prior to such Acquisition; 

(d)    if such Acquisition is a merger or consolidation, the Borrower or a Subsidiary Guarantor shall be the surviving
Person and no Change in Control shall have been effected thereby; 
 (e)    no later than five (5) Business Days
prior to the proposed closing date of such Acquisition (or such shorter period as may be agreed to by the Administrative Agent), the Borrower shall have delivered to the Administrative Agent (i) an Officer’s Compliance Certificate for the
most recent fiscal quarter end preceding such Acquisition for which financial statements are available demonstrating, in form and substance reasonably satisfactory to the Administrative Agent, that the Borrower is in compliance (as of the closing
date of the Acquisition) on a pro forma basis with each covenant contained in Section 8.13 and (ii) calculations in a form reasonably satisfactory to the Administrative Agent demonstrating projected compliance for the
immediately succeeding four (4) fiscal quarters with the financial covenants set forth in Section 8.13; 

(f)    no later than five (5) Business Days prior to the proposed closing date of such Acquisition (or such shorter
period as may be agreed to by the Administrative Agent) the Borrower, to the extent requested by the Administrative Agent, shall have delivered to the Administrative Agent promptly upon the finalization thereof copies of substantially final
Permitted Acquisition Documents, which shall be in form and substance reasonably satisfactory to the Administrative Agent, which shall be in form and substance reasonably satisfactory to the Administrative Agent; 

(g)    before and after giving effect to such Acquisition, the Borrower and its Subsidiaries shall have no less than
$50,000,000 in unrestricted Cash and Cash Equivalents; 
 (h)    no Default or Event of Default shall have occurred and
be continuing both before and after giving effect to such Acquisition and any Indebtedness incurred in connection therewith; 

(i)    the Borrower shall have obtained the prior written consent of the Administrative Agent and the Required Lenders
prior to the consummation of such Acquisition if the Permitted Acquisition Consideration for such Acquisition, when taken together with all other Acquisitions (or series of related Acquisitions) consummated during the term of this Agreement
exceeds $25,000,000 in the aggregate; and 

  
 19 

 (j)    the Borrower shall have (i) delivered to the Administrative
Agent a certificate of a Responsible Officer certifying that all of the requirements set forth above have been satisfied or will be satisfied on or prior to the consummation of such purchase or other Acquisition and (ii) provided such other
documents and other information as may be reasonably requested by the Administrative Agent or the Required Lenders (through the Administrative Agent) in connection with such purchase or other Acquisition. 

“Permitted Acquisition Consideration” means the aggregate amount of the cash and debt assumed purchase price (excluding any
consideration paid solely in Equity Interest in Borrower), including, but not limited to, any assumed debt, earn-outs (valued at the maximum amount payable thereunder), deferred payments, to be paid on a singular basis in connection with any
applicable Permitted Acquisition as set forth in the applicable Permitted Acquisition Documents executed by the Borrower or any of its Subsidiaries in order to consummate the applicable Permitted Acquisition. 

“Permitted Acquisition Diligence Information” means with respect to any applicable Acquisition, to the extent applicable, all
material financial information, all material contracts, all material customer lists, all material supply agreements, and all other material information, in each case, reasonably requested to be delivered to the Administrative Agent in connection
with such Acquisition (except to the extent that any such information is (a) subject to any confidentiality agreement, unless mutually agreeable arrangements can be made to preserve such information as confidential, (b) classified or
(c) subject to any attorney-client privilege). 
 “Permitted Acquisition Documents” means with respect to any
Acquisition proposed by the Borrower or any Subsidiary Guarantor, final copies or substantially final drafts if not executed at the required time of delivery of the purchase agreement, sale agreement, merger agreement or other agreement evidencing
such Acquisition, including, without limitation, all legal opinions and each other document executed, delivered, contemplated by or prepared in connection therewith and any amendment, modification or supplement to any of the foregoing. 

“Permitted Liens” means the Liens permitted pursuant to Section 8.2. 

“Permitted Refinancing” means, with respect to any Person, any Indebtedness issued in exchange for (or the net proceeds of
which are used to refinance) the Indebtedness being refinanced (or previous refinancings thereof constituting a Permitted Refinancing); provided that (a) the principal amount (or accreted value, if applicable) of such Permitted Refinancing does
not exceed the principal amount (or accreted value, if applicable or in the case of any revolving loan facility, the maximum revolving loan commitment thereunder) of the Indebtedness so refinanced (plus unpaid accrued interest and premiums thereon
and underwriting discounts, defeasance costs, fees, commissions and expenses), (b) the weighted average life to maturity of such Permitted Refinancing is greater than or equal to the weighted average life to maturity of the indebtedness being
refinanced (c) such Permitted Refinancing shall not require any scheduled principal payments due prior to the Revolving Credit Maturity Date in excess of, or prior to, the scheduled principal payments due prior to the Revolving Credit Maturity
Date for the Indebtedness being refinanced, (d) if the Indebtedness being refinanced is subordinated in right of payment to the Obligations, such Permitted Refinancing shall be subordinated in right of payment to the Obligations on terms at
least as favorable to the Lenders as those contained in the documentation governing the Indebtedness being refinanced, (e) no Permitted Refinancing shall have direct or indirect obligors who were not also obligors of the Indebtedness being
refinanced, or greater guarantees or security, than the Indebtedness being refinanced, (f) such Permitted Refinancing shall be otherwise on terms not materially less favorable to the Lenders than those contained in the documentation governing
the Indebtedness being refinanced, including with respect to financial and other covenants and events of default and (g) at the time of the incurrence of such Permitted Refinancing, no Default or Event of Default shall have occurred and be
continuing. 

  
 20 

 “Person” means any natural person, corporation, limited liability company,
trust, joint venture, association, company, partnership, Governmental Authority or other entity. 
 “Platform” means Debt
Domain, Intralinks, SyndTrak or a substantially similar electronic transmission system. 
 “Prime Rate” means, at any time,
the rate of interest per annum publicly announced from time to time by the Administrative Agent as its prime rate. Each change in the Prime Rate shall be effective as of the opening of business on the day such change in such prime rate occurs. The
parties hereto acknowledge that the rate announced publicly by the Administrative Agent as its prime rate is an index or base rate and shall not necessarily be its lowest or best rate charged to its customers or other banks. 

“Property” means any right or interest in or to property of any kind whatsoever, whether real, personal or mixed and whether
tangible or intangible, including, without limitation, Equity Interests. 
 “PTE” means a prohibited transaction class
exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time. 
 “Qualified Equity
Interests” means any Equity Interests that are not Disqualified Equity Interests. 
 “Qualifying IPO” means the
issuance by Borrower of its common Equity Interests in an underwritten primary public offering pursuant to an effective registration statement filed with the SEC in accordance with the Securities Act. 

“Recipient” means (a) the Administrative Agent, (b) any Lender and (c) any Issuing Lender, as applicable. 

“Register” has the meaning assigned thereto in Section 11.9(c). 

“Reimbursement Obligation” means the obligation of the Borrower to reimburse any Issuing Lender pursuant to
Section 3.5 for amounts drawn under Letters of Credit issued by such Issuing Lender. 
 “Reinstated Letter
of Credit” has the meaning assigned thereto in Section 3.10(e). 
 “Related Parties”
means, with respect to any Person, such Person’s Affiliates and the partners, directors, officers, employees, agents, trustees, administrators, managers, advisors and representatives of such Person and of such Person’s Affiliates. 

“Removal Effective Date” has the meaning assigned thereto in Section 10.6(b). 

“Required Lenders” means, at any date, any combination of Revolving Credit Lenders holding more than fifty percent (50%) of
the sum of the aggregate amount of the Revolving Credit Commitment or, if the Revolving Credit Commitment has been terminated, any combination of Revolving Credit Lenders holding more than fifty percent (50%) of the aggregate Extensions of Credit
under the Credit Facility; provided that the Revolving Credit Commitment of, and the portion of the Extensions of Credit under the Credit Facility, as applicable, held or deemed held by, any Defaulting Lender shall be excluded for purposes of
making a determination of Required Lenders. Notwithstanding the foregoing, “Required Lenders” shall comprise no fewer than three Lenders that are not Affiliates of one another, unless (a) all Lenders that are not Defaulting Lenders
are Affiliates of one another or (b) there are two or fewer Lenders that are not Defaulting Lenders, at such time. 

  
 21 

 “Resignation Effective Date” has the meaning assigned thereto in
Section 10.6(a). 
 “Responsible Officer” means, as to any Person, the chief executive officer,
president, chief financial officer, director, chief accounting officer, controller, treasurer or assistant treasurer of such Person or any other officer of such Person designated in writing by the Borrower and reasonably acceptable to the
Administrative Agent; provided that, to the extent requested thereby, the Administrative Agent shall have received a certificate of such Person certifying as to the incumbency and genuineness of the signature of each such officer. Any
document delivered hereunder or under any other Loan Document that is signed by a Responsible Officer of a Person shall be conclusively presumed to have been authorized by all necessary corporate, limited liability company, partnership and/or other
action on the part of such Person and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Person. 

“Restricted Payment” means any dividend on, or the making of any payment or other distribution on account of, or the
purchase, redemption, retirement or other acquisition (directly or indirectly) of, or the setting apart assets for a sinking or other analogous fund for the purchase, redemption, retirement or other acquisition of, any class of Equity Interests of
any Credit Party or any Subsidiary thereof, or the making of any distribution of cash, property or assets to the holders of any Equity Interests of any Credit Party or any Subsidiary thereof on account of such Equity Interests. 

“Revolving Credit Commitment” means (a) as to any Revolving Credit Lender, the obligation of such Revolving Credit
Lender to make Revolving Credit Loans to, and to purchase participations in L/C Obligations for the account of, the Borrower hereunder in an aggregate principal amount at any time outstanding not to exceed the amount set forth opposite such
Revolving Credit Lender’s name on the Register, as such amount may be modified at any time or from time to time pursuant to the terms hereof (including, without limitation, Section 4.11) and (b) as to all
Revolving Credit Lenders, the aggregate commitment of all Revolving Credit Lenders to make Revolving Credit Loans, as such amount may be modified at any time or from time to time pursuant to the terms hereof (including, without limitation,
Section 4.11). The aggregate Revolving Credit Commitment of all the Revolving Credit Lenders on the Closing Date shall be $40,000,000. The initial Revolving Credit Commitment of each Revolving Credit Lender is set forth
opposite the name of such Lender on Schedule 1.1(b). 
 “Revolving Credit Commitment Percentage”
means, with respect to any Revolving Credit Lender at any time, the percentage of the total Revolving Credit Commitments of all the Revolving Credit Lenders represented by such Revolving Credit Lender’s Revolving Credit Commitment. If the
Revolving Credit Commitments have terminated or expired, the Revolving Credit Commitment Percentages shall be determined based upon the Revolving Credit Commitments most recently in effect, giving effect to any assignments. The Revolving Credit
Commitment Percentage of each Revolving Credit Lender on the Closing Date is set forth opposite the name of such Lender on Schedule 1.1(b). 

“Revolving Credit Exposure” means, as to any Revolving Credit Lender at any time, the aggregate principal amount at such time
of its outstanding Revolving Credit Loans and such Revolving Credit Lender’s participation in L/C Obligations at such time. 

“Revolving Credit Facility” means the revolving credit facility established pursuant to Article II (including any
increase in such revolving credit facility established pursuant to Section 4.11). 

  
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 “Revolving Credit Lenders” means, collectively, all of the Lenders with a
Revolving Credit Commitment. 
 “Revolving Credit Loan” means any revolving loan made to the Borrower pursuant to
Section 2.1, and all such revolving loans collectively as the context requires. 
 “Revolving Credit
Maturity Date” means the earliest to occur of (a) April 30, 2020, (b) the date of termination of the entire Revolving Credit Commitment by the Borrower pursuant to Section 2.5, and (c) the date of
termination of the Revolving Credit Commitment pursuant to Section 9.2(a). 
 “Revolving Credit
Note” means a promissory note made by the Borrower in favor of a Revolving Credit Lender evidencing the Revolving Credit Loans made by such Revolving Credit Lender, substantially in the form attached as Exhibit A, and any
substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part. 
 “Revolving Credit
Outstandings” means the sum of (a) with respect to Revolving Credit Loans on any date, the aggregate outstanding principal amount thereof after giving effect to any borrowings and prepayments or repayments of Revolving Credit
Loans occurring on such date; plus (b) with respect to any L/C Obligations on any date, the aggregate outstanding amount thereof on such date after giving effect to any Extensions of Credit 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 of outstanding unpaid drawings under any Letters of Credit or any reductions in the maximum amount available for drawing under Letters of Credit
taking effect on such date. 
 “Revolving Extensions of Credit” means (a) any Revolving Credit Loan then outstanding
or (b) any Letter of Credit then outstanding. 
 “S&P” means Standard & Poor’s Financial Services
LLC, a part of McGraw-Hill Financial and any successor thereto. 
 “Sanctions” means any and all economic or financial
sanctions, sectoral sanctions, secondary sanctions, trade embargoes and anti-terrorism laws, including but not limited to those 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 United Nations Security Council, the European Union, Her Majesty’s Treasury, or other relevant sanctions authority with jurisdiction over any Lender, the Borrower or any of its Subsidiaries or Affiliates. 

“Sanctioned Country” means at any time, a country or territory which is itself the subject or target of any Sanctions
(including, as of the Closing Date, Cuba, Iran, North Korea, Sudan, Syria and Crimea). 
 “Sanctioned Person” means, at any
time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by OFAC (including, without limitation, OFAC’s Specially Designated Nationals and Blocked Persons List and OFAC’s Consolidated Non-SDN List), the U.S. Department of State, the United Nations Security Council, the European Union, Her Majesty’s Treasury, or other relevant sanctions authority, (b) any Person operating, organized or
resident in a Sanctioned Country or (c) any Person owned or controlled by any such Person or Persons described in clauses (a) and (b), including a Person that is deemed by OFAC to be a Sanctions target based on the ownership of such legal
entity by Sanctioned Peron(s). 
 “Secured Cash Management Agreement” means any Cash Management Agreement between or among
any Credit Party and any Cash Management Bank. 

  
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 “Secured Hedge Agreement” means any Hedge Agreement between or among any
Credit Party and any Hedge Bank. 
 “Secured Obligations” means, collectively, (a) the Obligations and (b) all
existing or future payment and other obligations owing by any Credit Party under (i) any Secured Hedge Agreement and (ii) any Secured Cash Management Agreement; provided that the “Secured Obligations” of a Credit Party
shall exclude any Excluded Swap Obligations with respect to such Credit Party. 
 “Secured Parties” means, collectively,
the Administrative Agent, the Lenders, the Issuing Lenders, the Hedge Banks, the Cash Management Banks, each co-agent or sub-agent appointed by the Administrative Agent
from time to time pursuant to Section 10.5, any other holder from time to time of any of any Secured Obligations and, in each case, their respective successors and permitted assigns. 

“Securities Act” means the Securities Act of 1933 (15 U.S.C. § 77 et seq.). 

“Security Documents” means the collective reference to the Collateral Agreement, each Foreign Pledge Agreement, the UK
Debenture and each other pledge agreement or security agreement from time to time delivered in accordance with Section 7.14, and each other agreement or writing pursuant to which any Credit Party pledges or grants a
security interest in any Property or assets securing the Secured Obligations. 
 “Solvent” and “Solvency”
mean, with respect to any Person on any date of determination, that on such date (a) the fair value of the property of such Person is greater than the total amount of liabilities, including contingent liabilities, of such Person, (b) the
present fair salable value of the assets of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured, (c) such Person does not intend to, and
does not believe that it will, incur debts or liabilities beyond such Person’s ability to pay such debts and liabilities as they mature, (d) such Person is not engaged in business or a transaction, and is not about to engage in business or
a transaction, for which such Person’s property would constitute an unreasonably small capital, and (e) such Person is able to pay its debts and liabilities, contingent obligations and other commitments as they mature in the ordinary
course of business. The amount of contingent liabilities at any time shall be computed as the amount that, in the light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an
actual or matured liability. 
 “Subordinated Indebtedness” means the collective reference to any Indebtedness incurred by
the Borrower or any of its Subsidiaries that is subordinated in right and time of payment to the Obligations on terms and conditions reasonably satisfactory to the Administrative Agent. 

“Subsidiary” means as to any Person, any corporation, partnership, limited liability company or other entity of which more
than fifty percent (50%) of the outstanding Equity Interests having ordinary voting power to elect a majority of the board of directors (or equivalent governing body) or other managers of such corporation, partnership, limited liability company or
other entity is at the time owned by (directly or indirectly) or the management is otherwise controlled by (directly or indirectly) such Person (irrespective of whether, at the time, Equity Interests of any other class or classes of such
corporation, partnership, limited liability company or other entity shall have or might have voting power by reason of the happening of any contingency). Unless otherwise qualified, references to “Subsidiary” or “Subsidiaries”
herein shall refer to those of the Borrower. 
 “Subsidiary Guarantors” means, collectively, all direct and indirect
Subsidiaries of the Borrower (other than Excluded Subsidiaries) in existence on the Closing Date or which become a party to the Guaranty Agreement pursuant to Section 7.14. 

  
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 “Swap Obligation” means, with respect to any Credit Party, any obligation
to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act. 

“Synthetic Lease” means any synthetic lease, tax retention operating lease,
off-balance sheet loan or similar off-balance sheet financing product where such transaction is considered borrowed money indebtedness for tax purposes but is classified
as an Operating Lease in accordance with GAAP. 
 “Tangible Net Worth” means Assets, excluding Intangibles, minus
Liabilities. 
 “Taxes” means all present or future taxes, levies, imposts, duties, deductions, withholdings (including
backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, fines, additions to tax or penalties applicable thereto. 

“Termination Event” means the occurrence of any of the following which, individually or in the aggregate, has resulted or
could reasonably be expected to result in liability of the Borrower in an aggregate amount in excess of the Threshold Amount: (a) a “Reportable Event” described in Section 4043 of ERISA for which the thirty (30) day notice
requirement has not been waived by the PBGC, or (b) the withdrawal of any Credit Party or any ERISA Affiliate from a Pension Plan during a plan year in which it was a “substantial employer” as defined in Section 4001(a)(2) of
ERISA or a cessation of operations that is treated as such a withdrawal under Section 4062(e) of ERISA, or (c) the termination of a Pension Plan, the filing of a notice of intent to terminate a Pension Plan or the treatment of a Pension
Plan amendment as a termination, under Section 4041 of ERISA, if the plan assets are not sufficient to pay all plan liabilities, or (d) the institution of proceedings to terminate, or the appointment of a trustee with respect to, any
Pension Plan by the PBGC, or (e) any other event or condition which would constitute grounds under Section 4042(a) of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan, or (f) the imposition
of a Lien pursuant to Section 430(k) of the Code or Section 303 of ERISA, or (g) the determination that any Pension Plan or Multiemployer Plan is considered an at-risk plan or plan in endangered
or critical status with the meaning of Sections 430, 431 or 432 of the Code or Sections 303, 304 or 305 of ERISA or (h) the partial or complete withdrawal of any Credit Party or any ERISA Affiliate from a Multiemployer Plan if withdrawal
liability is asserted by such plan, or (i) any event or condition which results in the reorganization or insolvency of a Multiemployer Plan under Sections 4241 or 4245 of ERISA, or (j) any event or condition which results in the
termination of a Multiemployer Plan under Section 4041A of ERISA or the institution by PBGC of proceedings to terminate a Multiemployer Plan under Section 4042 of ERISA, or (k) the imposition of any liability under Title IV of ERISA,
other than for PBGC premiums due but not delinquent under Section 4007 of ERISA, upon any Credit Party or any ERISA Affiliate. 

“Threshold Amount” means $7,500,000. 

“Total Credit Exposure” means, as to any Lender at any time, the unused Revolving Credit Commitment and Revolving Credit
Exposure of such Lender at such time. 
 “Trade Date” has the meaning assigned thereto in
Section 11.9(b)(i). 
 “Transaction Costs” means all transaction fees, charges and other amounts
related to the Transactions and any Permitted Acquisitions (including, without limitation, any financing fees, merger and acquisition fees, legal fees and expenses, due diligence fees or any other fees and expenses in connection therewith), in each
case to the extent paid within six (6) months of the closing of the Credit Facility or such Permitted Acquisition, as applicable, and approved by the Administrative Agent in its reasonable discretion. 

  
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 “Transactions” means, collectively, (a) the repayment in full of
certain existing Indebtedness of the Borrower, (b) the initial Extensions of Credit and (c) the payment of the Transaction Costs incurred in connection with the foregoing. 

“UCC” means the Uniform Commercial Code as in effect in the State of New York, as amended or modified from time to time,
unless the context suggests the application of the Uniform Commercial Code of a different state. 
 “UK Debenture” means
the debenture granted by Anaplan UK in favor of the Administrative Agent, in form and substance reasonably satisfactory to the Administrative Agent. 

“United States” means the United States of America. 

“U.S. Borrower” means any Borrower that is a U.S. Person. 

“U.S. Person” means any Person that is a “United States person” as defined in Section 7701(a)(30) of the Code.

 “U.S. Tax Compliance Certificate” has the meaning assigned thereto in Section 4.9(g). 

“Wells Fargo” means Wells Fargo Bank, National Association, a national banking association. 

“Wholly-Owned” means, with respect to a Subsidiary, that all of the Equity Interests of such Subsidiary are, directly or
indirectly, owned or controlled by the Borrower and/or one or more of its Wholly-Owned Subsidiaries (except for directors’ qualifying shares or other shares required by Applicable Law to be owned by a Person other than the Borrower and/or one
or more of its Wholly-Owned Subsidiaries). 
 “Withholding Agent” means any Credit Party and the Administrative Agent. 

“Write-Down and Conversion Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion powers
of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule. 
 SECTION 1.2    Other Definitions and
Provisions. With reference to this Agreement and each other Loan Document, unless otherwise specified herein or in such other Loan Document: (a) the definitions of terms herein shall apply equally to the singular and plural forms of the
terms defined, (b) whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms, (c) the words “include”, “includes” and “including” shall be deemed to be
followed by the phrase “without limitation”, (d) the word “will” shall be construed to have the same meaning and effect as the word “shall”, (e) any reference herein to any Person shall be construed to include such
Person’s successors and assigns, (f) the words “herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision
hereof, (g) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement, (h) the words “asset” and
“property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights, (i) the term “documents”
includes any and all instruments, documents, agreements, certificates, notices, reports, financial statements and other writings, however evidenced, whether in physical or electronic form and (j) 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”. 

  
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 SECTION 1.3    Accounting Terms. 

(a)    All accounting terms not specifically or completely defined herein shall be construed in conformity with, and all
financial data (including financial ratios and other 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 and in a manner
consistent with that used in preparing the audited financial statements required by Section 7.1(a), 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 Borrower 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)    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 Borrower or the Required Lenders shall so request, the Administrative Agent, the Lenders and the 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, (i) such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein and
(ii) the Borrower shall provide to the Administrative Agent and the Lenders financial statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation between calculations of such
ratio or requirement made before and after giving effect to such change in GAAP. 
 SECTION 1.4    UCC Terms.
Terms defined in the UCC in effect on the Closing Date and not otherwise defined herein shall, unless the context otherwise indicates, have the meanings provided by those definitions. Subject to the foregoing, the term “UCC” refers, as of
any date of determination, to the UCC then in effect. 
 SECTION 1.5    Rounding. Any financial ratios required
to be maintained pursuant to this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio or percentage 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 1.6    References to Agreement and Laws. Unless otherwise expressly provided herein, (a) any
definition or reference to formation documents, governing documents, agreements (including the Loan Documents) and other contractual documents or instruments shall be deemed to include all subsequent amendments, restatements, extensions, supplements
and other modifications thereto, but only to the extent that such amendments, restatements, extensions, supplements and other modifications are not prohibited by any Loan Document; and (b) any definition or reference to any Applicable Law,
including, without limitation, Anti-Corruption Laws, Anti-Money Laundering Laws, the Bankruptcy Code, the Code, the Commodity Exchange Act, ERISA, the Exchange Act, the PATRIOT Act, the Securities Act, the UCC, the Investment Company Act, the
Interstate Commerce Act, the Trading with the Enemy Act of the United States or any of the foreign assets control regulations of the United States Treasury Department, shall include all statutory and regulatory provisions consolidating, amending,
replacing, supplementing or interpreting such Applicable Law. 

  
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 SECTION 1.7    Times of Day. Unless otherwise specified, all
references herein to times of day shall be references to Pacific time (daylight or standard, as applicable). 
 SECTION
1.8    Letter of Credit Amounts. Unless otherwise specified, all references herein to the amount of a Letter of Credit at any time shall be deemed to mean the maximum face amount of such Letter of Credit after giving
effect to all increases thereof contemplated by such Letter of Credit or the Letter of Credit Application therefor (at the time specified therefor in such applicable Letter of Credit or Letter of Credit Application and as such amount may be reduced
by (a) any permanent reduction of such Letter of Credit or (b) any amount which is drawn, reimbursed and no longer available under such Letter of Credit). 

SECTION 1.9    Guarantees/Earn-Outs. Unless otherwise specified, (a) the amount of any Guarantee shall be the
lesser of the amount of the obligations guaranteed and still outstanding and the maximum amount for which the guaranteeing Person may be liable pursuant to the terms of the instrument embodying such Guarantee and (b) the amount of any earn-out or similar obligation shall be the amount of such obligation as reflected on the balance sheet of such Person in accordance with GAAP. 

SECTION 1.10    Covenant Compliance Generally. For purposes of determining compliance under Sections 8.1,
8.2, 8.3, 8.5 and 8.6, any amount in a currency other than Dollars will be converted to Dollars in a manner consistent with that used in calculating consolidated net income in the most recent annual financial statements
of the Borrower and its Subsidiaries delivered pursuant to Section 7.1(a). Notwithstanding the foregoing, for purposes of determining compliance with Sections 8.1, 8.2 and 8.3, with respect to any
amount of Indebtedness or Investment in a currency other than Dollars, no breach of any basket contained in such sections shall be deemed to have occurred solely as a result of changes in rates of exchange occurring after the time such Indebtedness
or Investment is incurred; provided that for the avoidance of doubt, the foregoing provisions of this Section 1.10 shall otherwise apply to such Sections, including with respect to determining whether any
Indebtedness or Investment may be incurred at any time under such Sections. 
 SECTION 1.11    Rates. The
Administrative Agent does not warrant or accept responsibility for, and shall not have any liability with respect to, the administration, submission or any other matter related to the rates in the definition of “One Month LIBOR”. 

ARTICLE II 
 REVOLVING CREDIT
FACILITY 
 SECTION 2.1    Revolving Credit Loans. Subject to the terms and conditions of this Agreement and the
other Loan Documents, and in reliance upon the representations and warranties set forth in this Agreement and the other Loan Documents, each Revolving Credit Lender severally agrees to make Revolving Credit Loans in Dollars to the Borrower from time
to time from the Closing Date to, but not including, the Revolving Credit Maturity Date as requested by the Borrower in accordance with the terms of Section 2.3; provided, that (a) the Revolving Credit
Outstandings shall not exceed the lesser (i) the Borrowing Base at such time and (ii) the Revolving Credit Commitment and (b) the Revolving Credit Exposure of any Revolving Credit Lender shall not at any time exceed such Revolving
Credit Lender’s Revolving Credit Commitment. Each Revolving Credit Loan by a Revolving Credit Lender shall be in a principal amount equal to such Revolving Credit Lender’s Revolving Credit Commitment Percentage of the aggregate principal
amount of Revolving Credit Loans requested on such occasion. Subject to the terms and conditions hereof, the Borrower may borrow, repay and reborrow Revolving Credit Loans hereunder until the Revolving Credit Maturity Date. 

  
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 SECTION 2.2    Reserves. Notwithstanding anything to the contrary
in the Loan Documents, the Administrative Agent shall have the right to establish reserves in such amounts, and with respect to such matters, as the Administrative Agent in its reasonable discretion shall deem necessary or appropriate with respect
to (i) sums that the Borrower is required to pay (such as taxes, assessments, insurance premiums, or, in the case of leased assets, rents or other amounts payable under such leases) and has failed to pay under any Section of this Agreement or
any other Loan Document, and (ii) amounts owing by the Borrower to any Person to the extent secured by a Lien on, or trust over, any of the Collateral, which Lien or trust, in the discretion of the Administrative Agent likely would have a
priority superior to the Administrative Agent’s Liens (such as Liens or trusts in favor of landlords, warehousemen, carriers, mechanics, materialmen, laborers, or suppliers, or Liens or trusts for ad valorem, excise, sales, or other taxes where
given priority under applicable law) in and to such item of the Collateral. 
 SECTION 2.3    Procedure for Advances
of Revolving Credit Loans. 
 (a)    Requests for Borrowing. The Borrower shall give the Administrative Agent
irrevocable prior written notice substantially in the form of Exhibit B (a “Notice of Borrowing”) not later than 11:00 a.m. on the same Business Day as each Base Rate Loan of its
intention to borrow, specifying (A) the date of such borrowing, which shall be a Business Day and (B) the amount of such borrowing, which shall be in an aggregate principal amount of $1,000,000 or a whole multiple of $500,000 in excess
thereof.    A Notice of Borrowing received after 11:00 a.m. shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Revolving Credit Lenders of each Notice of Borrowing. 

(b)    Disbursement of Revolving Credit. Not later than 1:00 p.m. on the proposed borrowing date, each
Revolving Credit Lender will make available to the Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, such Revolving Credit Lender’s
Revolving Credit Commitment Percentage of the Revolving Credit Loans to be made on such borrowing date. The Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of each borrowing requested pursuant to this
Section 2.3 in immediately available funds by crediting or wiring such proceeds to the deposit account of the Borrower identified in the most recent notice substantially in the form attached as
Exhibit C (a “Notice of Account Designation”) delivered by the Borrower to the Administrative Agent or as may be otherwise agreed upon by the Borrower and the Administrative Agent from
time to time. Subject to Section 4.6 hereof, the Administrative Agent shall not be obligated to disburse the portion of the proceeds of any Revolving Credit Loan requested pursuant to this
Section 2.3 to the extent that any Revolving Credit Lender has not made available to the Administrative Agent its Revolving Credit Commitment Percentage of such Revolving Credit Loan. 

SECTION 2.4    Repayment and Prepayment of Revolving Credit. 

(a)    Repayment on Termination Date. The Borrower hereby agrees to repay the outstanding principal amount of all
Revolving Credit Loans in full on the Revolving Credit Maturity Date, together with all accrued but unpaid interest thereon. 

(b)    Mandatory Prepayments. If at any time, the Revolving Credit Outstandings exceed the lesser of (i) the
Borrowing Base at such time and (ii) the Revolving Credit Commitment, the Borrower agrees to repay immediately, by payment to the Administrative Agent for the account of the Revolving Credit Lenders, Extensions of Credit in an amount equal to
such excess with each such repayment applied first, to the principal amount of outstanding Revolving Credit Loans and second, with respect to any Letters of Credit then outstanding, a payment of Cash Collateral into a Cash Collateral
account opened by the Administrative Agent, for the benefit of the Revolving Credit Lenders, in an amount equal to such excess (such Cash Collateral to be applied in accordance with Section 9.2(b)). 

  
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 (c)    Optional Prepayments. The Borrower may at any time and
from time to time prepay Revolving Credit Loans, in whole or in part, without premium or penalty, with irrevocable prior written notice to the Administrative Agent substantially in the form attached as Exhibit D (a “Notice of
Prepayment”) given not later than 11:00 a.m. on the same Business Day as each Base Rate Loan, specifying the date and amount of prepayment. Upon receipt of such notice, the Administrative Agent shall promptly notify each Revolving Credit
Lender. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial prepayments shall be in an aggregate amount of $1,000,000 or a whole multiple of $500,000 in excess
thereof. A Notice of Prepayment received after 11:00 a.m. shall be deemed received on the next Business Day. Notwithstanding the foregoing, any Notice of a Prepayment delivered in connection with any refinancing of all of the Credit Facility with
the proceeds of such refinancing or of any incurrence of Indebtedness or the occurrence of some other identifiable event or condition, may be, if expressly so stated to be, contingent upon the consummation of such refinancing or incurrence or
occurrence of such other identifiable event or condition and may be revoked by the Borrower in the event such contingency is not met. 

(d)    Hedge Agreements. No repayment or prepayment of the Revolving Credit Loans pursuant to this
Section 2.4 shall affect any of the Borrower’s obligations under any Hedge Agreement entered into with respect to the Revolving Credit Loans. 

SECTION 2.5    Permanent Reduction of the Revolving Credit Commitment. 

(a)    Voluntary Reduction. The Borrower shall have the right at any time and from time to time, upon at least five
(5) Business Days prior irrevocable written notice to the Administrative Agent, to permanently reduce, without premium or penalty, (i) the entire Revolving Credit Commitment at any time or (ii) portions of the Revolving Credit
Commitment, from time to time, in an aggregate principal amount not less than $1,000,000 or any whole multiple of $500,000 in excess thereof. Any reduction of the Revolving Credit Commitment shall be applied to the Revolving Credit Commitment of
each Revolving Credit Lender according to its Revolving Credit Commitment Percentage. All Commitment Fees accrued until the effective date of any termination of the Revolving Credit Commitment shall be paid on the effective date of such termination.
Notwithstanding the foregoing, any notice to reduce the Revolving Credit Commitment delivered in connection with any refinancing of all of the Credit Facility with the proceeds of such refinancing or of any incurrence of Indebtedness or the
occurrence of some other identifiable event or condition, may be, if expressly so stated to be, contingent upon the consummation of such refinancing or incurrence or occurrence of such identifiable event or condition and may be revoked by the
Borrower in the event such contingency is not met. 
 (b)    Corresponding Payment. Each permanent reduction
permitted pursuant to this Section 2.5 shall be accompanied by a payment of principal sufficient to reduce the aggregate outstanding Revolving Credit Loans and L/C Obligations, as applicable, after such reduction to the
lesser of (x) the Borrowing Base at such time and (y) the Revolving Credit Commitment as so reduced, and if the aggregate amount of all outstanding Letters of Credit exceeds the Revolving Credit Commitment as so reduced, the Borrower shall
be required to deposit Cash Collateral in a Cash Collateral account opened by the Administrative Agent in an amount equal to such excess. Such Cash Collateral shall be applied in accordance with Section 9.2(b). Any
reduction of the Revolving Credit Commitment to zero shall be accompanied by payment of all outstanding Revolving Credit Loans (and furnishing of Cash Collateral satisfactory to the Administrative Agent for all L/C Obligations) and shall result in
the termination of the Revolving Credit Commitment and the Revolving Credit Facility. 

  
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 SECTION 2.6    Termination of Revolving Credit Facility. The
Revolving Credit Facility and the Revolving Credit Commitments shall terminate on the Revolving Credit Maturity Date. 
 SECTION
2.7    Borrowing Base. The Borrower’s calculation of the Borrowing Base reflected in each Borrowing Base Certificate delivered pursuant to this Agreement shall be subject to the review and approval of the
Administrative Agent. 
 ARTICLE III 

LETTER OF CREDIT FACILITY 

SECTION 3.1    L/C Facility. 

(a)    Availability. Subject to the terms and conditions hereof, in reliance on the agreements of the Revolving
Credit Lenders set forth in Section 3.4(a), (i) Comerica Bank, as Issuing Lender, may (but shall not be required to) and (ii) each other Issuing Lender hereby agrees to, issue standby Letters of Credit in an
aggregate amount not to exceed its L/C Commitment for the account of the Borrower. Letters of Credit may be issued on any Business Day from the Closing Date to, but not including the thirtieth
(30th) Business Day prior to the Revolving Credit Maturity Date in such form as may be approved from time to time by the applicable Issuing Lender; provided, that no Issuing Lender shall
issue any Letter of Credit if, after giving effect to such issuance, (x) the L/C Obligations would exceed the lesser of (1) the Borrowing Base at such time and (2) the L/C Sublimit or (y) the Revolving Credit Outstandings would
exceed the Revolving Credit Commitment. 
 (b)    Terms of Letters of Credit. Each Letter of Credit shall
(i) be denominated in Dollars in a minimum amount of $250,000 (or such lesser amount as agreed to by the applicable Issuing Lender and the Administrative Agent), (ii) expire on a date no more than twelve (12) months after the date of
issuance or last renewal of such Letter of Credit (subject to automatic renewal for additional one (1) year periods (but not to a date later than the date set forth below) pursuant to the terms of the Letter of Credit Application or other
documentation acceptable to the applicable Issuing Lender), which date shall be no later than the fifth (5th) Business Day prior to the Revolving Credit Maturity Date; provided that any Letter of Credit may expire after such date (each such
Letter of Credit, an “Extended Letter of Credit”) with the consent of the applicable Issuing Lender and subject to the requirements of Section 3.10, and (iii) be subject to the ISP98 as set
forth in the Letter of Credit Application or as determined by the applicable Issuing Lender and, to the extent not inconsistent therewith, the laws of the State of New York. No Issuing Lender shall at any time be obligated to issue any Letter of
Credit hereunder if (A) any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain such Issuing Lender from issuing such Letter of Credit, or any Applicable Law applicable to such
Issuing Lender or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over such Issuing Lender shall prohibit, or request that such Issuing Lender refrain from, the issuance of letters
of credit generally or such Letter of Credit in particular or shall impose upon such Issuing Lender with respect to letters of credit generally or such Letter of Credit in particular any restriction or reserve or capital requirement (for which such
Issuing Lender is not otherwise compensated) not in effect on the Closing Date, or any unreimbursed loss, cost or expense that was not applicable, in effect or known to such Issuing Lender as of the Closing Date and that such Issuing Lender in good
faith deems material to it, (B) the conditions set forth in Section 5.2 are not satisfied, (C) the issuance of such Letter of Credit would violate one or more policies of such Issuing Lender applicable to letters
of credit generally or (D) the beneficiary of such Letter of Credit is a Sanctioned Person. References herein to “issue” and derivations thereof with respect to Letters of Credit shall also include extensions or modifications of any
outstanding Letters of Credit, unless the context otherwise requires. 

  
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As of the Closing Date, each of the Existing Letters of Credit shall constitute, for all purposes of this Agreement and the other Loan Documents, a Letter of Credit issued and outstanding
hereunder.  
 (c)    Defaulting Lenders. Notwithstanding anything to the contrary contained in this
Agreement, Article III shall be subject to the terms and conditions of Section 4.12 and Section 4.13. 

SECTION 3.2    Procedure for Issuance of Letters of Credit. The Borrower may from time to time request that any
Issuing Lender issue a Letter of Credit by delivering to such Issuing Lender at its applicable office (with a copy to the Administrative Agent at the Administrative Agent’s Office) a Letter of Credit Application therefor, completed to the
satisfaction of such Issuing Lender, and such other certificates, documents and other papers and information as such Issuing Lender or the Administrative Agent may request. Upon receipt of any Letter of Credit Application, the applicable Issuing
Lender shall, process such Letter of Credit Application and the certificates, documents and other papers and information delivered to it in connection therewith in accordance with its customary procedures and shall, subject to
Section 3.1 and Article V, promptly issue the Letter of Credit requested thereby (but in no event shall such Issuing Lender be required to issue any Letter of Credit earlier than three (3) Business Days after
its receipt of the Letter of Credit Application therefor and all such other certificates, documents and other papers and information relating thereto) by issuing the original of such Letter of Credit to the beneficiary thereof or as otherwise may be
agreed by such Issuing Lender and the Borrower. The applicable Issuing Lender shall promptly furnish to the Borrower and the Administrative Agent a copy of such Letter of Credit and the Administrative Agent shall promptly notify each Revolving
Credit Lender of the issuance and upon request by any Lender, furnish to such Revolving Credit Lender a copy of such Letter of Credit and the amount of such Revolving Credit Lender’s participation therein. 

SECTION 3.3    Commissions and Other Charges. 

(a)    Letter of Credit Commissions. Subject to Section 4.13(a)(iii)(B), the Borrower
shall pay to the Administrative Agent, for the account of the applicable Issuing Lender and the L/C Participants, a letter of credit commission with respect to each Letter of Credit issued on or after the Closing Date in the amount equal to the
daily amount available to be drawn under such standby Letters of Credit times 1.25%. Such commission shall be payable quarterly in arrears on the last Business Day of each calendar quarter, on the Revolving Credit Maturity Date and thereafter on
demand of the Administrative Agent. The Administrative Agent shall, promptly following its receipt thereof, distribute to the applicable Issuing Lender and the L/C Participants all commissions received pursuant to this
Section 3.3 in accordance with their respective Revolving Credit Commitment Percentages. 

(b)    Issuance Fee. In addition to the foregoing commission, the Borrower shall pay directly to the applicable
Issuing Lender, for its own account, an issuance fee with respect to each Letter of Credit issued on or after the Closing Date issued by such Issuing Lender in an amount equal to (i) for any Letter of Credit issued by Wells Fargo, 12.5 basis
points multiplied by the face amount of such Letter of Credit and (ii) for any other Issuing Lender, as set forth in the fee letter agreement executed by such Issuing Lender. Such issuance fee shall be payable quarterly in arrears on the last
Business Day of each calendar quarter commencing with the first such date to occur after the issuance of such Letter of Credit, on the Revolving Credit Maturity Date and thereafter on demand of the applicable Issuing Lender. 

(c)    Other Fees, Costs, Charges and Expenses. In addition to the foregoing fees and commissions, the Borrower
shall pay or reimburse each Issuing Lender for such normal and customary fees, costs, charges and expenses as are incurred or charged by such Issuing Lender in issuing, effecting payment under, amending or otherwise administering any Letter of
Credit issued by it. 

  
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 SECTION 3.4    L/C Participations. 

(a)    Each Issuing Lender irrevocably agrees to grant and hereby grants to each L/C Participant, and, to induce each
Issuing Lender to issue Letters of Credit hereunder, each L/C Participant irrevocably agrees to accept and purchase and hereby accepts and purchases from each Issuing Lender, on the terms and conditions hereinafter stated, for such L/C
Participant’s own account and risk an undivided interest equal to such L/C Participant’s Revolving Credit Commitment Percentage in each Issuing Lender’s obligations and rights under and in respect of each Letter of Credit issued by it
hereunder and the amount of each draft paid by such Issuing Lender thereunder. Each L/C Participant unconditionally and irrevocably agrees with each Issuing Lender that, if a draft is paid under any Letter of Credit issued by such Issuing Lender for
which such Issuing Lender is not reimbursed in full by the Borrower through a Revolving Credit Loan or otherwise in accordance with the terms of this Agreement, such L/C Participant shall pay to such Issuing Lender upon demand at such Issuing
Lender’s address for notices specified herein an amount equal to such L/C Participant’s Revolving Credit Commitment Percentage of the amount of such draft, or any part thereof, which is not so reimbursed. 

(b)    Upon becoming aware of any amount required to be paid by any L/C Participant to any Issuing Lender pursuant to
Section 3.4(a) in respect of any unreimbursed portion of any payment made by such Issuing Lender under any Letter of Credit, issued by it, such Issuing Lender shall notify the Administrative Agent of such unreimbursed
amount and the Administrative Agent shall notify each L/C Participant (with a copy to the applicable Issuing Lender) of the amount and due date of such required payment and such L/C Participant shall pay to the Administrative Agent (which, in turn
shall pay such Issuing Lender) the amount specified on the applicable due date. If any such amount is paid to such Issuing Lender after the date such payment is due, such L/C Participant shall pay to such Issuing Lender on demand, in addition to
such amount, the product of (i) such amount, times (ii) the daily average Federal Funds Rate as determined by the Administrative Agent during the period from and including the date such payment is due to the date on which such
payment is immediately available to such Issuing Lender, times (iii) a fraction the numerator of which is the number of days that elapse during such period and the denominator of which is 360. A certificate of such Issuing Lender with
respect to any amounts owing under this Section 3.4 shall be conclusive in the absence of manifest error. With respect to payment to such Issuing Lender of the unreimbursed amounts described in this
Section 3.4, if the L/C Participants receive notice that any such payment is due (A) prior to 1:00 p.m. on any Business Day, such payment shall be due that Business Day, and (B) after 1:00 p.m. on any Business
Day, such payment shall be due on the following Business Day. 
 (c)    Whenever, at any time after any Issuing Lender
has made payment under any Letter of Credit issued by it and has received from any L/C Participant its Revolving Credit Commitment Percentage of such payment in accordance with this Section 3.4, such Issuing Lender receives
any payment related to such Letter of Credit (whether directly from the Borrower or otherwise), or any payment of interest on account thereof, such Issuing Lender will distribute to such L/C Participant its pro rata share thereof;
provided, that in the event that any such payment received by such Issuing Lender shall be required to be returned by such Issuing Lender, such L/C Participant shall return to such Issuing Lender the portion thereof previously distributed by
such Issuing Lender to it. 
 (d)    Each L/C Participant’s obligation to make the Revolving Credit Loans referred
to in Section 3.4(b) and to purchase participating interests pursuant to Section 3.4(a) shall be absolute and unconditional and shall not be affected by any circumstance, including (i) any setoff,
counterclaim, recoupment, defense or other right that such Revolving Credit Lender or the Borrower may have against the Issuing Lender, the Borrower or any other Person for any reason whatsoever, (ii) the occurrence or continuance of a Default
or an Event of Default or the failure to satisfy any of the other conditions specified in Article V, (iii) any adverse change in the condition (financial or otherwise) of the Borrower, (iv) any breach of this Agreement or any other
Loan Document by the Borrower, any other Credit Party or any other Revolving Credit Lender or (v) any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing. 

 

  
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 SECTION 3.5    Reimbursement Obligation of the Borrower. In the
event of any drawing under any Letter of Credit, the Borrower agrees to reimburse (either with the proceeds of a Revolving Credit Loan as provided for in this Section 3.5 or with funds from other sources), in same day
funds, the applicable Issuing Lender on each date on which such Issuing Lender notifies the Borrower of the date and amount of a draft paid by it under any Letter of Credit for the amount of (a) such draft so paid and (b) any amounts
referred to in Section 3.3(c) incurred by such Issuing Lender in connection with such payment. Unless the Borrower shall immediately notify such Issuing Lender that the Borrower intends to reimburse such Issuing Lender for
such drawing from other sources or funds, the Borrower shall be deemed to have timely given a Notice of Borrowing to the Administrative Agent requesting that the Revolving Credit Lenders make a Revolving Credit Loan as a Base Rate Loan on the
applicable repayment date in the amount of (i) such draft so paid and (ii) any amounts referred to in Section 3.3(c) incurred by such Issuing Lender in connection with such payment, and the Revolving Credit
Lenders shall make a Revolving Credit Loan as a Base Rate Loan in such amount, the proceeds of which shall be applied to reimburse such Issuing Lender for the amount of the related drawing and such fees and expenses. Each Revolving Credit Lender
acknowledges and agrees that its obligation to fund a Revolving Credit Loan in accordance with this Section 3.5 to reimburse such Issuing Lender for any draft paid under a Letter of Credit issued by it is absolute and
unconditional and shall not be affected by any circumstance whatsoever, including, without limitation, non-satisfaction of the conditions set forth in Section 2.3(a) or Article
V and without regard to the Borrowing Base requirements. If the Borrower has elected to pay the amount of such drawing with funds from other sources and shall fail to reimburse such Issuing Lender as provided above, or if the amount of such
drawing is not fully refunded through a Base Rate Loan as provided above, the unreimbursed amount of such drawing shall bear interest at the rate which would be payable on any outstanding Base Rate Loans which were then overdue from the date such
amounts become payable (whether at stated maturity, by acceleration or otherwise) until payment in full. 
 SECTION
3.6    Obligations Absolute. The Borrower’s obligations under this Article III (including, without limitation, the Reimbursement Obligation) shall be absolute and unconditional under any and
all circumstances and irrespective of any setoff, counterclaim or defense to payment which the Borrower may have or have had against the applicable Issuing Lender or any beneficiary of a Letter of Credit or any other Person. The Borrower also agrees
that the applicable Issuing Lender and the L/C Participants shall not be responsible for, and the Borrower’s Reimbursement Obligation under Section 3.5 shall not be affected by, among other things, the validity or
genuineness of documents or of any endorsements thereon, even though such documents shall in fact prove to be invalid, fraudulent or forged, or any dispute between or among the Borrower and any beneficiary of any Letter of Credit or any other party
to which such Letter of Credit may be transferred or any claims whatsoever of the Borrower against any beneficiary of such Letter of Credit or any such transferee. No Issuing Lender shall be liable for any error, omission, interruption or delay in
transmission, dispatch or delivery of any message or advice, however transmitted, in connection with any Letter of Credit issued by it, except for errors or omissions caused by such Issuing Lender’s gross negligence or willful misconduct, as
determined by a court of competent jurisdiction by final nonappealable judgment. The Borrower agrees that any action taken or omitted by any Issuing Lender under or in connection with any Letter of Credit issued by it or the related drafts or
documents, if done in the absence of gross negligence or willful misconduct shall be binding on the Borrower and shall not result in any liability of such Issuing Lender or any L/C Participant to the Borrower. The responsibility of any Issuing
Lender to the Borrower in connection with any draft presented for payment under any Letter of Credit issued to it shall, in addition to any payment obligation expressly provided for in such Letter of Credit, be limited to determining that the
documents (including each draft) delivered under such Letter of Credit in connection with such presentment substantially conforms to the requirements under such Letter of Credit. 

  
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 SECTION 3.7    Effect of Letter of Credit Application. To the
extent that any provision of any Letter of Credit Application related to any Letter of Credit is inconsistent with the provisions of this Article III, the provisions of this Article III shall apply. 

SECTION 3.8    Resignation of Issuing Lenders. 

(a)    Any Lender may at any time resign from its role as an Issuing Lender hereunder upon not less than thirty
(30) days prior notice to the Borrower and the Administrative Agent (or such shorter period of time as may be acceptable to the Borrower and the Administrative Agent). 

(b)    Any resigning Issuing Lender shall retain all the rights, powers, privileges and duties of an Issuing Lender
hereunder with respect to all Letters of Credit issued by it that are outstanding as of the effective date of its resignation as an Issuing Lender and all L/C Obligations with respect thereto (including, without limitation, the right to require the
Revolving Credit Lenders to take such actions as are required under Section 3.4). Without limiting the foregoing, upon the resignation of a Lender as an Issuing Lender hereunder, the Borrower may, or at the request of such
resigned Issuing Lender the Borrower shall, use commercially reasonable efforts to, arrange for one or more of the other Issuing Lenders to issue Letters of Credit hereunder in substitution for the Letters of Credit, if any, issued by such resigned
Issuing Lender and outstanding at the time of such resignation, or make other arrangements satisfactory to the resigned Issuing Lender to effectively cause another Issuing Lender to assume the obligations of the resigned Issuing Lender with respect
to any such Letters of Credit. 
 SECTION 3.9    Reporting of Letter of Credit Information and L/C Commitment. At
any time that there is an Issuing Lender that is not also the financial institution acting as Administrative Agent, then (a) on the last Business Day of each calendar month, (b) on each date that a Letter of Credit is amended, terminated
or otherwise expires, (c) on each date that a Letter of Credit is issued or the expiry date of a Letter of Credit is extended, and (d) upon the request of the Administrative Agent, each Issuing Lender (or, in the case of clauses (b), (c)
or (d) of this Section 3.9, the applicable Issuing Lender) shall deliver to the Administrative Agent a report setting forth in form and detail reasonably satisfactory to the Administrative Agent information (including,
without limitation, any reimbursement, Cash Collateral, or termination in respect of Letters of Credit issued by such Issuing Lender) with respect to each Letter of Credit issued by such Issuing Lender that is outstanding hereunder. In addition,
each Issuing Lender shall provide notice to the Administrative Agent of its L/C Commitment, or any change thereto, promptly upon it becoming an Issuing Lender or making any change to its L/C Commitment. No failure on the part of any Issuing Lender
to provide such information pursuant to this Section 3.9 shall limit the obligations of the Borrower or any Revolving Credit Lender hereunder with respect to its reimbursement and participation obligations hereunder. 

SECTION 3.10     Cash Collateral for Extended Letters of Credit. 

(a)    Cash Collateralization. The Borrower shall provide Cash Collateral to each applicable Issuing Lender with
respect to each Extended Letter of Credit issued by such Issuing Lender (in an amount equal to 105% of the maximum face amount of each Extended Letter of Credit, calculated in accordance with Section 1.8) by a date that is
no later than 10 days prior to the Revolving Credit Maturity Date by depositing such amount in immediately available funds, in Dollars, into a cash collateral account maintained at the applicable Issuing Lender and shall enter into a customary cash
collateral agreement in form and substance satisfactory to such Issuing Lender and such other documentation as such Issuing Lender or the Administrative Agent may reasonably request; provided that if the Borrower fails to provide Cash
Collateral with respect to any such Extended Letter of Credit by such time, such event shall be treated as a drawing under such Extended Letter of Credit in an amount equal to 105% of the maximum face amount of each such Letter of Credit, calculated
in accordance with Section 1.8, which 

  
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shall be reimbursed (or participations therein funded) in accordance with this Article III, with the proceeds of Revolving Credit Loans (or funded participations) being utilized to provide
Cash Collateral for such Letter of Credit (provided that for purposes of determining the usage of the Revolving Credit Commitment any such Extended Letter of Credit that has been, or will concurrently be, Cash Collateralized with proceeds of a
Revolving Credit Loan, the portion of such Extended Letter of Credit that has been (or will concurrently be) so Cash Collateralized will not be deemed to be utilization of the Revolving Credit Commitment). 

(b)    Grant of Security Interest. The Borrower, and to the extent provided by the L/C Participants, each of such
L/C Participants, hereby grants to the applicable Issuing Lender of each Extended Letter of Credit, and agrees to maintain, a first priority security interest in, all Cash Collateral required to be provided by this
Section 3.10 as security for such Issuing Lender’s obligation to fund draws under such Extended Letters of Credit, to be applied pursuant to subsection (c) below. If at any time the applicable Issuing Lender
determines that the Cash Collateral is subject to any right or claim of any Person other than such Issuing Lender as herein provided, or that the total amount of such Cash Collateral is less than the amount required pursuant to subsection
(a) above, the Borrower will, promptly upon demand by such Issuing Lender, pay or provide to such Issuing Lender additional Cash Collateral in an amount sufficient to eliminate such deficiency. 

(c)    Application. Notwithstanding anything to the contrary contained in this Agreement or any other Loan
Document, Cash Collateral provided under this Section 3.10 in respect of Extended Letters of Credit shall be applied to reimburse the applicable Issuing Lender for all drawings made under such Extended Letters of Credit and
any and all fees, expenses and charges incurred in connection therewith, prior to any other application of such property as may otherwise be provided for herein. 

(d)    Cash Collateralized Letters of Credit. Subject to clause (e) below, if the Borrower has fully Cash
Collateralized the applicable Issuing Lender with respect to any Extended Letter of Credit issued by such Issuing Lender in accordance with subsections (a) through (c) above and the Borrower and the applicable Issuing Lender have made
arrangements between them with respect to the pricing and fees associated therewith (each such Extended Letter of Credit, a “Cash Collateralized Letter of Credit”), then after the date of notice to the Administrative Agent thereof
by the applicable Issuing Lender and for so long as such Cash Collateral remains in place (i) such Cash Collateralized Letter of Credit shall cease to be a “Letter of Credit” hereunder, (ii) such Cash Collateralized Letter of
Credit shall not constitute utilization of the Revolving Credit Commitment, (iii) no Revolving Credit Lender shall have any further obligation to fund participations or Revolving Credit Loans to reimburse any drawing under any such Cash
Collateralized Letter of Credit, (iv) no Letter of Credit commissions under Section 3.3(a) shall be due or payable to the Revolving Credit Lenders, or any of them, hereunder with respect to such Cash Collateralized
Letter of Credit, and (v) any fronting fee, issuance fee or other fee with respect to such Cash Collateralized Letter of Credit shall be as agreed separately between the Borrower and such Issuing Lender. 

(e)    Reinstatement. The Borrower and each Revolving Credit Lender agree that, if any payment or deposit made by
the Borrower or any other Person applied to the Cash Collateral required under this Section 3.10 is at any time avoided, annulled, set aside, rescinded, invalidated, declared to be fraudulent or preferential or otherwise
required to be refunded or repaid, or is repaid in whole or in part pursuant to a good faith settlement of a pending or threatened avoidance claim, or the proceeds of any such Cash Collateral are required to be refunded by the applicable Issuing
Lender to the Borrower or any Revolving Credit Lender or its respective estate, trustee, receiver or any other Person, under any Applicable Law or equitable cause, then, to the extent of such payment or repayment, (i) the applicable Extended
Letter of Credit shall automatically be a “Letter of Credit” hereunder in a face amount equal to such payment or repayment (each such Letter of Credit, a “Reinstated Letter of Credit”), (ii) such

  
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Reinstated Letter of Credit shall no longer be deemed to be Cash Collateralized hereunder and shall constitute a utilization of the Revolving Credit Commitment, (iii) each Revolving Credit
Lender shall be obligated to fund participations or Revolving Credit Loans to reimburse any drawing under such Reinstated Letter of Credit, (iv) Letter of Credit commissions under Section 3.3(a) shall accrue and be due
and payable to the Revolving Credit Lenders with respect to such Reinstated Letter of Credit and (v) the Borrower’s and each Revolving Credit Lender’s liability hereunder (and any Guarantee, Lien or Collateral guaranteeing or securing
such liability) shall be and remain in full force and effect, as fully as if such payment or deposit had never been made, and, if prior thereto, this Agreement shall have been canceled, terminated, paid in full or otherwise extinguished (and if any
Guarantee, Lien or Collateral guaranteeing or securing such Borrower’s or such Revolving Credit Lender’s) liability hereunder shall have been released or terminated by virtue of such cancellation, termination, payment or extinguishment,
the provisions of this Article III and all other rights and duties of the applicable Issuing Lender, the L/C Participants and the Credit Parties with respect to such Reinstated Letter of Credit (and any Guarantee, Lien or Collateral
guaranteeing or securing such liability) shall be reinstated in full force and effect, and such prior cancellation, termination, payment or extinguishment shall not diminish, release, discharge, impair or otherwise affect the obligations of such
Persons in respect of such Reinstated Letter of Credit (and any Guarantee, Lien or Collateral guaranteeing or securing such obligation). 

(f)    Survival. With respect to any Extended Letter of Credit, each party’s obligations under this Article
III and all other rights and duties of the applicable Issuing Lender of such Extended Letter of Credit, the L/C Participants and the Credit Parties with respect to such Extended Letter of Credit shall survive the resignation or replacement of
the applicable Issuing Lender or any assignment of rights by the applicable Issuing Lender, the termination of the Revolving Credit Commitment and the repayment, satisfaction or discharge of the Obligations. 

ARTICLE IV 
 GENERAL LOAN
PROVISIONS 
 SECTION 4.1    Interest. 

(a)    Interest Rate. Subject to the provisions of this Section 4.1 Revolving Credit Loans
shall bear interest at the Base Rate minus 0.50%. 
 (b)    Default Rate. Subject to
Section 9.3, (i) immediately upon the occurrence and during the continuance of an Event of Default under Section 9.1(a), (b), (i) or (j), or (ii) at the election of
the Required Lenders (or the Administrative Agent at the direction of the Required Lenders), upon the occurrence and during the continuance of any other Event of Default, (A) the Borrower shall no longer have the option to request Letters of
Credit, (B) all outstanding Base Rate Loans and other Obligations arising hereunder or under any other Loan Document shall bear interest at a rate per annum equal to two percent (2%) in excess of the rate then applicable to Base Rate Loans or
such other Obligations arising hereunder or under any other Loan Document and (C) all accrued and unpaid interest shall be due and payable on demand of the Administrative Agent. Interest shall continue to accrue on the Obligations after the
filing by or against the Borrower of any petition seeking any relief in bankruptcy or under any Debtor Relief Law. 

(c)    Interest Payment and Computation. Interest on each Base Rate Loan shall be due and payable in arrears on the
last Business Day of each calendar month commencing July 31, 2018. All computations of interest for Base Rate Loans when the Base Rate is determined by the Prime 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 provided hereunder 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 365/366-day year). 

  
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 (d)    Maximum Rate. In no contingency or event whatsoever shall
the aggregate of all amounts deemed interest under this Agreement charged or collected pursuant to the terms of this Agreement exceed the highest rate permissible under any Applicable Law which a court of competent jurisdiction shall, in a final
determination, deem applicable hereto. In the event that such a court determines that the Lenders have charged or received interest hereunder in excess of the highest applicable rate, the rate in effect hereunder shall automatically be reduced to
the maximum rate permitted by Applicable Law and the Lenders shall at the Administrative Agent’s option (i) promptly refund to the Borrower any interest received by the Lenders in excess of the maximum lawful rate or (ii) apply such
excess to the principal balance of the Obligations. It is the intent hereof that the Borrower not pay or contract to pay, and that neither the Administrative Agent nor any Lender receive or contract to receive, directly or indirectly in any manner
whatsoever, interest in excess of that which may be paid by the Borrower under Applicable Law. 
 SECTION
4.2    Fees. 
 (a)    Commitment Fee. Commencing on the Closing Date, subject to
Section 4.13(a)(iii)(A), the Borrower shall pay to the Administrative Agent, for the account of the Revolving Credit Lenders, a non-refundable commitment fee (the “Commitment
Fee”) at a rate per annum equal to 0.20% on the average daily unused portion of the Revolving Credit Commitment of the Revolving Credit Lenders (other than the Defaulting Lenders, if any); provided, that the Commitment Fee for
any quarter shall be waived if within five days after the end of such quarter the Borrower has provided a certificate of a Responsible Officer of the Borrower (together with reasonable supporting documentation) that (i) for the calendar quarter
ending June 30, 2018, the Borrower has on June 30, 2018, at least $25,000,000 in deposit accounts with Administrative Agent and the Lenders (with no less than (x) $15,000,000 in deposit accounts held by Wells Fargo so long as Wells Fargo
is a Lender hereunder and (y) $10,000,000 in deposit accounts held by Comerica Bank so long as Comerica Bank is a Lender hereunder)) and (y) for each other calendar quarter, the Borrower’s average daily balance in all deposit accounts held
by the Administrative Agent and any Lender for such quarter exceeds $25,000,000 (with an average daily balance of no less than (x) $15,000,000 in deposit accounts held by Wells Fargo so long as Wells Fargo is a Lender hereunder and (y) $10,000,000
in deposit accounts held by Comerica Bank so long as Comerica Bank is a Lender hereunder). For clarity, the outstanding undrawn amount of all Letters of Credit shall be deemed usage for the purposes of calculating the Commitment Fee. The accrued
Commitment Fee as of the last Business Day of each calendar quarter during the term of this Agreement (commencing June 30, 2018 and ending on the date upon which all Obligations (other than contingent indemnification obligations not then due)
arising under the Revolving Credit Facility shall have been indefeasibly and irrevocably paid and satisfied in full, all Letters of Credit have been terminated or expired (or been Cash Collateralized) and the Revolving Credit Commitment has been
terminated) shall be payable on the date fifteen (15) calendar days after the end of such quarter. The Commitment Fee shall be distributed by the Administrative Agent to the Revolving Credit Lenders (other than any Defaulting Lender) pro
rata in accordance with such Revolving Credit Lenders’ respective Revolving Credit Commitment Percentages. 

(b)    Upfront Fee. The Borrower agrees to pay on the Closing Date to each Lender party to this Agreement as a
Lender on the Closing Date, through the Administrative Agent, as fee compensation for such Lender’s Revolving Credit Commitment on the Closing Date (whether funded or unfunded on such date), an upfront fee in an amount equal to 0.25% of the
stated principal amount of such Lender’s Revolving Credit Commitment on the Closing Date. Such upfront fee will be in all respects fully earned, due and payable on the Closing Date and non-refundable and non-creditable thereafter. 

  
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 (c)    Other Fees. The Borrower shall pay to the Lenders such
fees as shall have been separately agreed upon in writing in the amounts and at the times so specified. 
 SECTION
4.3    Manner of Payment. Each payment by the Borrower on account of the principal of or interest on the Revolving Credit Loans or of any fee, commission or other amounts (including the Reimbursement Obligation) payable to
the Lenders under this Agreement shall be made not later than 1:00 p.m. on the date specified for payment under this Agreement to the Administrative Agent at the Administrative Agent’s Office for the account of the Lenders entitled to such
payment in Dollars, in immediately available funds and shall be made without any setoff, counterclaim or deduction whatsoever. Any payment received after such time but before 2:00 p.m. on such day shall be deemed a payment on such date for the
purposes of Section 9.1, but for all other purposes shall be deemed to have been made on the next succeeding Business Day. Any payment received after 2:00 p.m. shall be deemed to have been made on the next succeeding
Business Day for all purposes. Upon receipt by the Administrative Agent of each such payment, the Administrative Agent shall distribute to each such Lender at its address for notices set forth herein its Revolving Credit Commitment Percentage in
respect of the relevant Credit Facility (or other applicable share as provided herein) of such payment and shall wire advice of the amount of such credit to each Lender. Each payment to the Administrative Agent of any Issuing Lender’s fees or
L/C Participants’ commissions shall be made in like manner, but for the account of such Issuing Lender or the L/C Participants, as the case may be. Each payment to the Administrative Agent of Administrative Agent’s fees or expenses shall
be made for the account of the Administrative Agent and any amount payable to any Lender under 5.10, 5.11 or 12.3 shall be paid to the Administrative Agent for the account of the applicable Lender. Subject to the definition of
Interest Period, if any payment under this Agreement shall be specified to be made upon a day which is not a Business Day, it shall be made on the next succeeding day which is a Business Day and such extension of time shall in such case be included
in computing any interest if payable along with such payment. Notwithstanding the foregoing, if there exists a Defaulting Lender each payment by the Borrower to such Defaulting Lender hereunder shall be applied in accordance with
Section 4.13(a)(ii). 
 SECTION 4.4    Evidence of Indebtedness. 

(a)    Extensions of Credit. The Extensions of Credit made by each Lender and each Issuing Lender shall be evidenced
by one or more accounts or records maintained by such Lender or such Issuing Lender and by the Administrative Agent in the ordinary course of business. The accounts or records maintained by the Administrative Agent and each Lender or the applicable
Issuing Lender shall be conclusive absent manifest error of the amount of the Extensions of Credit made by the Lenders or such Issuing Lender to the Borrower and its Subsidiaries and the interest and payments thereon. Any failure to so record or any
error in doing so shall not, however, limit or otherwise affect the obligation of the Borrower hereunder to pay any amount owing with respect to the Obligations. In the event of any conflict between the accounts and records maintained by any Lender
or any Issuing Lender and the accounts and records of the Administrative Agent in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error. Upon the request of any Lender made
through the Administrative Agent, the Borrower shall execute and deliver to such Lender (through the Administrative Agent) a Revolving Credit Note which shall evidence such Lender’s Revolving Credit Loans in addition to such accounts or
records. Each Lender may attach schedules to its Revolving Credit Notes and endorse thereon the date, amount and maturity of its Revolving Credit Loans and payments with respect thereto. 

(b)    Participations. In addition to the accounts and records referred to in subsection (a), each Revolving
Credit Lender and the Administrative Agent shall maintain in accordance with its usual practice accounts or records evidencing the purchases and sales by such Revolving Credit Lender of participations in Letters of Credit. In the event of any
conflict between the accounts and records 

  
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maintained by the Administrative Agent and the accounts and records of any Revolving Credit Lender in respect of such matters, the accounts and records of the Administrative Agent shall control
in the absence of manifest error. 
 SECTION 4.5    Sharing of Payments by Lenders. 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 Revolving Credit Loans or other obligations hereunder resulting in such Lender’s receiving payment of a
proportion of the aggregate amount of its Revolving Credit Loans and accrued interest thereon or other such obligations (other than pursuant to Sections 4.11, 4.12 or 11.3) greater than its pro rata share thereof
as provided herein, then the Lender receiving such greater proportion shall (a) notify the Administrative Agent of such fact, and (b) purchase (for cash at face value) participations in the Revolving Credit Loans and such other obligations
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 Revolving Credit Loans and other amounts owing them; provided that: 
 (i)    if any
such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest, and 

(ii)    the provisions of this paragraph shall not be construed to apply to (A) any payment made by
the Borrower pursuant to and in accordance with the express terms of this Agreement (including the application of funds arising from the existence of a Defaulting Lender), (B) the application of Cash Collateral provided for in
Section 3.10 or Section 4.12 or (C) any payment obtained by a Lender as consideration for the assignment of, or sale of, a participation in any of its Revolving Credit Loans or participations
in Letters of Credit to any assignee or participant). 
 Each Credit Party consents to the foregoing and agrees, to the extent it may effectively do so
under Applicable Law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against each Credit Party rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a
direct creditor of each Credit Party in the amount of such participation. 
 SECTION 4.6    Administrative
Agent’s Clawback. 
 (a)    Funding by Lenders; Presumption by Administrative
Agent. Unless the Administrative Agent shall have received notice from a Lender not later than 12:00 noon on the date of any proposed borrowing that such Lender will not make available to the Administrative Agent such Lender’s share of such
borrowing, the Administrative Agent may assume that such Lender has made such share available on such date in accordance with Section 2.3(b) and may, in reliance upon such assumption, make available to the Borrower a
corresponding amount. In such event, if a Lender has not in fact made its share of the applicable borrowing available to the Administrative Agent, then the applicable Lender and the Borrower severally agree to pay to the Administrative Agent
forthwith on demand such corresponding amount with interest thereon, for each day from and including the date such amount is made available to the Borrower to but excluding the date of payment to the Administrative Agent, at (A) in the case of
a payment to be made by such Lender, the greater of the daily average Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation and (B) in the case of a payment to
be made by the Borrower, the interest rate applicable to Base Rate Loans. If the Borrower and such Lender shall pay such interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly remit to the
Borrower the amount of such interest paid by the Borrower for such period. If such Lender pays its share of the applicable borrowing 

  
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to the Administrative Agent, then the amount so paid shall constitute such Lender’s Revolving Credit Loan included in such borrowing. Any payment by the Borrower shall be without prejudice
to any claim the Borrower may have against a Lender that shall have failed to make such payment to the Administrative Agent. 

(b)    Payments by the Borrower; Presumptions by Administrative Agent. Unless the Administrative Agent shall have
received notice from the Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders or an Issuing Lender hereunder that the Borrower will not make such payment, the Administrative Agent may
assume that the Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or the Issuing Lender, as the case may be, the amount due. In such event, if the Borrower has not
in fact made such payment, then each of the Lenders or the Issuing Lender, as the case maybe, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or Issuing Lender, with interest
thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in
accordance with banking industry rules on interbank compensation. 
 (c)    Nature of Obligations of Lenders. The
obligations of the Lenders under this Agreement to make the Revolving Credit Loans, to issue or participate in Letters of Credit and to make payments under this Section, Section 4.9(e),
Section 11.3(c) or Section 11.7, as applicable, are several and are not joint or joint and several. The failure of any Lender to make available its Revolving Credit Commitment Percentage of any
Revolving Credit Loan requested by the Borrower shall not relieve it or any other Lender of its obligation, if any, hereunder to make its Revolving Credit Commitment Percentage of such Revolving Credit Loan available on the borrowing date, but no
Lender shall be responsible for the failure of any other Lender to make its Revolving Credit Commitment Percentage of such Revolving Credit Loan available on the borrowing date. 

SECTION 4.7    Illegality. If, in any applicable jurisdiction, the Administrative Agent, any Issuer Lender or any
Lender determines that any Applicable Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for the Administrative Agent, any Issuer Lender or any Lender to (i) perform any of its obligations hereunder
or under any other Loan Document, (ii) to fund or maintain its participation in any Revolving Credit Loan or (iii) issue, make, maintain, fund or charge interest or fees with respect to any Extension of Credit such Person shall promptly
notify the Administrative Agent, then, upon the Administrative Agent notifying the Borrower, and until such notice by such Person is revoked, any obligation of such Person to issue, make, maintain, fund or charge interest or fees with respect to any
such Extension of Credit shall be suspended, and to the extent required by Applicable Law, cancelled. Upon receipt of such notice, the Credit Parties shall, (A) repay that Person’s participation in the Revolving Credit Loans or other
applicable Obligations on the last day of the Interest Period for each Revolving Credit Loan or other Obligation occurring after the Administrative Agent has notified the Borrower or, if earlier, the date specified by such Person in the notice
delivered to the Administrative Agent (being no earlier than the last day of any applicable grace period permitted by Applicable Law) and (B) take all reasonable actions requested by such Person to mitigate or avoid such illegality. 

SECTION 4.8    Increased Costs. 

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

(i)    impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or
similar requirement against assets of, deposits with or for the account of, or advances, loans or other credit extended or participated in by, any Lender or any Issuing Lender; 

  
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 (ii)    subject any Recipient to any Taxes (other than
(A) Indemnified Taxes, (B) Taxes described in clauses (b) through (d) of the definition of Excluded Taxes and (C) Connection Income Taxes) on its loans, loan principal, letters of credit, commitments, or other obligations, or its
deposits, reserves, other liabilities or capital attributable thereto; or 
 (iii)    impose on any
Lender or any Issuing Lender or the London interbank market any other condition, cost or expense (other than Taxes) affecting this Agreement or any Letter of Credit or participation therein; 

and the result of any of the foregoing shall be to increase the cost to such Lender, such Issuing Lender or such other Recipient of making, converting to,
continuing or maintaining any Revolving Credit Loan (or of maintaining its obligation to make any such Revolving Credit Loan), or to increase the cost to such Lender, such Issuing Lender or such other Recipient of participating in, issuing or
maintaining any Letter of Credit (or of maintaining its obligation to participate in or to issue any Letter of Credit), or to reduce the amount of any sum received or receivable by such Lender, such Issuing Lender or such other Recipient hereunder
(whether of principal, interest or any other amount) then, upon written request of such Lender, such Issuing Lender or other Recipient, the Borrower shall promptly pay to any such Lender, such Issuing Lender or other Recipient, as the case may be,
such additional amount or amounts as will compensate such Lender, such Issuing Lender or other Recipient, as the case may be, for such additional costs incurred or reduction suffered. 

(b)    Capital Requirements. If any Lender or any Issuing Lender determines that any Change in Law affecting such
Lender or such Issuing Lender or any Lending Office of such Lender or such Lender’s or such Issuing Lender’s holding company, if any, regarding capital or liquidity requirements, has or would have the effect of reducing the rate of return
on such Lender’s or such Issuing Lender’s capital or on the capital of such Lender’s or such Issuing Lender’s holding company, if any, as a consequence of this Agreement, the Revolving Credit Commitment of such Lender or the
Revolving Credit Loans made by, or participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by such Issuing Lender, to a level below that which such Lender or such Issuing Lender or such Lender’s or such Issuing
Lender’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or such Issuing Lender’s policies and the policies of such Lender’s or such Issuing Lender’s holding company
with respect to capital adequacy and liquidity), then from time to time upon written request of such Lender or such Issuing Lender the Borrower shall promptly pay to such Lender or such Issuing Lender, as the case may be, such additional amount or
amounts as will compensate such Lender or such Issuing Lender or such Lender’s or such Issuing Lender’s holding company for any such reduction suffered. 

(c)    Certificates for Reimbursement. A certificate of a Lender, or an Issuing Lender or such other Recipient
setting forth the amount or amounts necessary to compensate such Lender or such Issuing Lender, such other Recipient or any of their respective holding companies, as the case may be, as specified in paragraph (a) or (b) of this
Section 4.8 and delivered to the Borrower, shall be conclusive absent manifest error. The Borrower shall pay such Lender or such Issuing Lender or such other Recipient, as the case may be, the amount shown as due on any
such certificate within ten (10) days after receipt thereof. 
 (d)    Delay in Requests. Failure or delay
on the part of any Lender or any Issuing Lender or such other Recipient to demand compensation pursuant to this Section 4.8 shall not constitute a waiver of such Lender’s or such Issuing Lender’s or such other
Recipient’s right to demand such compensation; 

  
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provided that the Borrower shall not be required to compensate any Lender or an Issuing Lender or any other Recipient pursuant to this Section 4.8 for any
increased costs incurred or reductions suffered more than nine (9) months prior to the date that such Lender or such Issuing Lender or such other Recipient, as the case may be, notifies the Borrower of the Change in Law giving rise to such
increased costs or reductions, and of such Lender’s or such Issuing Lender’s or such other Recipient’s intention to claim compensation therefor (except that if the Change in Law giving rise to such increased costs or reductions is
retroactive, then the nine-month period referred to above shall be extended to include the period of retroactive effect thereof). 
 SECTION
4.9    Taxes. 
 (a)    Defined Terms. For purposes of this
Section 4.10, the term “Lender” includes any Issuing Lender and the term “Applicable Law” includes FATCA. 

(b)    Payments Free of Taxes. Any and all payments by or on account of any obligation of any Credit Party under
any Loan Document shall be made without deduction or withholding for any Taxes, except as required by Applicable Law. If any Applicable Law (as determined in the good faith discretion of an applicable Withholding Agent) requires the deduction or
withholding of any Tax from any such payment by a Withholding Agent, then the applicable Withholding Agent shall be entitled to make such deduction or withholding and shall timely pay the full amount deducted or withheld to the relevant Governmental
Authority in accordance with Applicable Law and, if such Tax is an Indemnified Tax, then the sum payable by the applicable Credit Party shall be increased as necessary so that, after such deduction or withholding has been made (including such
deductions and withholdings applicable to additional sums payable under this Section 4.9), the applicable Recipient receives an amount equal to the sum it would have received had no such deduction or withholding been made.

 (c)    Payment of Other Taxes by the Credit Parties. The Credit Parties shall timely pay to the relevant
Governmental Authority in accordance with Applicable Law, or at the option of the Administrative Agent timely reimburse it for the payment of, any Other Taxes. 

(d)    Indemnification by the Credit Parties. The Credit Parties shall jointly and severally indemnify each
Recipient, within ten (10) days after demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section 4.9) payable
or paid by such Recipient or required to be withheld or deducted from a payment to such Recipient and any 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 as to the amount of such payment or liability delivered to the Borrower by a Recipient (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on
behalf of a Recipient, shall be conclusive absent manifest error. 
 (e)    Indemnification by the Lenders. Each
Lender shall severally indemnify the Administrative Agent, within ten (10) days after demand therefor, for (i) any Indemnified Taxes attributable to such Lender (but only to the extent that any Credit Party has not already indemnified the
Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Credit Parties to do so), (ii) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 11.9(d)
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 

  
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authorizes the Administrative Agent to setoff 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 (e). 
 (f)    Evidence
of Payments. As soon as practicable after any payment of Taxes by any Credit Party to a Governmental Authority pursuant to this Section 4.9, such Credit Party shall deliver to the Administrative Agent the original or a
certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent. 

(g)    Status of Lenders. 

(i)    Any Lender that is entitled to an exemption from or reduction of withholding Tax
with respect to payments made under any Loan Document shall deliver to the Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower or the Administrative Agent, such properly completed and executed
documentation reasonably requested by the Borrower or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably requested by the Borrower or the
Administrative Agent, shall deliver such other documentation prescribed by Applicable Law or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or not such
Lender is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set
forth in Section 4.9(g)(ii)(A), (ii)(B) and (ii)(D) below) 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. 

(ii)    Without limiting the generality of the foregoing: 

(A)    Any Lender that is a U.S. Person shall deliver to the Borrower and the Administrative Agent on or
prior to the date on which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), executed copies of IRS Form
W-9 certifying that such Lender is exempt from United States federal backup withholding tax; 

(B)    any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the 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 Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of
the Borrower or the Administrative Agent), whichever of the following is applicable: 
 (1)    in the
case of a Foreign Lender claiming the benefits of an income tax treaty to which the United States is a party (x) with respect to payments of interest under any Loan Document, executed copies of IRS Form W-8BEN-E establishing an exemption from, or reduction of, United States federal withholding Tax pursuant to the “interest” article of such tax treaty and (y) with respect to any other
applicable payments under any Loan Document, IRS Form W-8BEN-E establishing an exemption from, or reduction of, United States federal withholding Tax pursuant to the
“business profits” or “other income” article of such tax treaty; 

  
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 (2)    executed copies of IRS Form W-8ECI; 
 (3)    in the case of a Foreign 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 I-1 to the effect that such Foreign Lender is
not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign
corporation” described in Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance Certificate”) and (y) executed copies of IRS Form
W-8BEN-E; or 

(4)    to the extent a Foreign Lender is not the beneficial owner, executed copies of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN-E, a U.S. Tax Compliance Certificate
substantially in the form of Exhibit I-2 or Exhibit I-3, IRS Form W-9, and/or other certification
documents from each beneficial owner, as applicable; provided that if the Foreign Lender is a partnership and one or more direct or indirect partners of such Foreign Lender are claiming the portfolio interest exemption, such Foreign Lender
may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit I-4 on behalf of each such direct and indirect partner; 

(C)    any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the 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 Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of
the 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 United States federal withholding Tax, duly completed, together with such
supplementary documentation as may be prescribed by Applicable Law to permit the Borrower or the Administrative Agent to determine the withholding or deduction required to be made; and 

(D)    if a payment made to a Lender under any Loan Document would be subject to United States federal
withholding Tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the
Borrower and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation prescribed by Applicable Law (including as prescribed by
Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with their obligations under
FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (D), “FATCA” shall include any
amendments made to FATCA after the date of this Agreement. 

  
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 Each Lender agrees that if any form or certification it previously delivered expires or
becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the Borrower and the Administrative Agent in writing of its legal inability to do so. 

(h)    Treatment of Certain Refunds. If any party determines, in its sole discretion exercised in good faith, that
it has received a refund of any Taxes as to which it has been indemnified pursuant to this Section 4.9 (including by the payment of additional amounts pursuant to this Section 4.9), it shall pay to
the indemnifying party an amount equal to such refund (but only to the extent of indemnity payments made under this Section 4.9 with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) of such indemnified party and without interest (other than any interest paid by the relevant Governmental Authority with respect to
such refund). Such indemnifying party, upon the request of such indemnified party, shall repay to such indemnified party the amount paid over pursuant to this paragraph (h) (plus any penalties, interest or other charges imposed by the relevant
Governmental Authority) in the event that such indemnified party is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this paragraph (h), in no event will the indemnified party be required to
pay any amount to an indemnifying party pursuant to this paragraph (h) the payment of which would place the indemnified party in a less favorable net after-Tax position than the indemnified party 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 any indemnified party to make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to the indemnifying party or any other Person. 

(i)    Survival. Each party’s obligations under this Section 4.9 shall survive the
resignation or replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Revolving Credit Commitment and the repayment, satisfaction or discharge of all obligations under any Loan
Document. 
 SECTION 4.10    Mitigation Obligations; Replacement of Lenders. 

(a)    Designation of a Different Lending Office. If any Lender requests compensation under
Section 4.8, or requires the Borrower to pay any Indemnified Taxes or additional amounts to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 4.9, then such
Lender shall, at the request of the Borrower, use reasonable efforts to designate a different Lending Office for funding or booking its Revolving Credit Loans hereunder or to assign its rights and obligations hereunder to another of its offices,
branches or affiliates, if, in the judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 4.8 or Section 4.9, as the case may
be, in the future and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender
in connection with any such designation or assignment. 
 (b)    Replacement of Lenders. If any Lender requests
compensation under Section 4.8, or if the Borrower is required to pay any Indemnified Taxes or additional amounts to any Lender or any Governmental Authority for the account of any Lender pursuant to
Section 4.9, and, in each case, such Lender has declined or is unable to designate a different Lending Office in accordance with Section 4.10(a), or if any Lender is a Defaulting Lender or a Non-Consenting Lender, then the Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with
and subject to the restrictions contained in, and consents required by, Section 11.9), all of its interests, rights (other than its existing rights to payments pursuant to Section 4.8 or
Section 4.9) and obligations under this Agreement and the related Loan Documents to an Eligible Assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment);
provided that: 

  
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 (i)    the Borrower shall have paid to the
Administrative Agent the assignment fee (if any) specified in Section 11.9; 

(ii)    such Lender shall have received payment of an amount equal to the outstanding principal of its
Revolving Credit Loans and funded participations in Letters of Credit, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents from the assignee (to the extent of such outstanding
principal and accrued interest and fees) or the Borrower (in the case of all other amounts); 

(iii)    in the case of any such assignment resulting from a claim for compensation under
Section 4.8 or payments required to be made pursuant to Section 4.9, such assignment will result in a reduction in such compensation or payments thereafter; 

(iv)    such assignment does not conflict with Applicable Law; and 

(v)    in the case of any assignment resulting from a Lender becoming a
Non-Consenting Lender, the applicable assignee shall have consented to the applicable amendment, waiver or consent. 

A Lender shall not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Lender or
otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease to apply. 

(c)    Selection of Lending Office. Subject to Section 4.10(a), each Lender may make any
Revolving Credit Loan to the Borrower through any Lending Office, provided that the exercise of this option shall not affect the obligations of the Borrower to repay the Revolving Credit Loan in accordance with the terms of this Agreement or
otherwise alter the rights of the parties hereto. 
 SECTION 4.11    Incremental Revolving Credit Increases. 

(a)    At any time, the Borrower may by written notice to the Administrative Agent elect to request the establishment of
one or more increases in the Revolving Credit Commitments (any such increase, an “Incremental Revolving Credit Commitment”) to make revolving credit loans under the Revolving Credit Facility (any such increase, an
“Incremental Revolving Credit Increase”); provided that (1) the total aggregate initial principal amount (as of the date of incurrence thereof) of such requested Incremental Revolving Credit Commitment and Incremental
Revolving Credit Increase shall not exceed the Incremental Facilities Limit, (2) there shall not be more than two Incremental Revolving Credit Increases during the term of this Agreement, (3) the total aggregate amount for each Incremental
Revolving Credit Commitment (and the Incremental Revolving Credit Increase made thereunder) shall not be less than a minimum principal amount of $5,000,000 or, if less, the remaining amount permitted pursuant to the foregoing clause (1) and (4)
any Incremental Revolving Credit Increase shall be subject to the Administrative Agent’s written consent, in its sole and absolute discretion (which consent may be withheld for any reason). Each such notice shall specify the date (each, an
“Increased Amount Date”) on which the Borrower proposes that any Incremental Revolving Credit Commitment shall be effective, which shall be a date not less than ten (10) Business Days after the date on which such notice is
delivered to Administrative Agent (or such later date as may be approved by the Administrative Agent). The Borrower may invite any Lender, any Affiliate of any Lender and/or any Approved Fund, and/or any other Person who would be an Eligible
Assignee, to provide an Incremental Revolving Credit 

  
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Commitment (any such Person, an “Incremental Lender”). Any proposed Incremental Lender offered or approached to provide all or a portion of any Incremental Revolving Credit
Commitment may elect or decline, in its sole discretion, to provide such Incremental Revolving Credit Commitment or any portion thereof. Any Incremental Revolving Credit Commitment shall become effective as of such Increased Amount Date;
provided that each of the following conditions has been satisfied or waived as of such Increased Amount Date: 

(A)    no Default or Event of Default shall exist on such Increased Amount Date immediately prior to or
after giving effect to (1) any Incremental Revolving Credit Commitment, (2) the making of any Incremental Revolving Credit Increase pursuant thereto and (3) any Permitted Acquisition or Investment consummated in connection therewith;

 (B)    the Administrative Agent and the Lenders shall have received from the Borrower an
Officer’s Compliance Certificate demonstrating, in form and substance reasonably satisfactory to the Administrative Agent, that the (1) Borrower is in compliance with the financial covenants set forth in
Section 8.13 based on the financial statements most recently delivered pursuant to Section 7.1(a) or 7.1(b), as applicable, both before and after giving effect (on a pro forma basis) to
(x) any Incremental Revolving Credit Commitment, (y) the making of any Incremental Revolving Credit Increase pursuant thereto (with any Incremental Revolving Credit Commitment and the Revolving Credit Commitment being deemed to be fully
funded) and (z) any Permitted Acquisition and Investment consummated in connection therewith; 

(C)    each of the representations and warranties contained in Article VI shall be true and correct
in all material respects, except to the extent any such representation and warranty is qualified by materiality or reference to Material Adverse Effect, in which case, such representation and warranty shall be true, correct and complete in all
respects, on such Increased Amount Date with the same effect as if made on and as of such date (except for any such representation and warranty that by its terms is made only as of an earlier date, which representation and warranty shall remain true
and correct as of such earlier date); 
 (D)    the proceeds of any Incremental Revolving Credit
Increases shall be used for general corporate purposes of the Borrower and its Subsidiaries (including Permitted Acquisitions); 

(E)    each Incremental Revolving Credit Commitment (and the Incremental Revolving Credit Increases made
thereunder) shall constitute Obligations of the Borrower and shall be secured and guaranteed with the other Extensions of Credit on a pari passu basis; 

(F)    in the case of each Incremental Revolving Credit Increase (the terms of which shall be set forth in
the relevant Lender Joinder Agreement): 
 (x)    such Incremental Revolving Credit Increase shall
mature on the Revolving Credit Maturity Date, shall bear interest and be entitled to fees, in each case at the rate applicable to the Revolving Credit Loans, and shall be subject to the same terms and conditions as the Revolving Credit Loans; 

  
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 (y)    the outstanding Revolving Credit Loans and
Revolving Credit Commitment Percentages of L/C Obligations will be reallocated by the Administrative Agent on the applicable Increased Amount Date among the Revolving Credit Lenders (including the Incremental Lenders providing such Incremental
Revolving Credit Increase) in accordance with their revised Revolving Credit Commitment Percentages (and the Revolving Credit Lenders (including the Incremental Lenders providing such Incremental Revolving Credit Increase) agree to make all payments
and adjustments necessary to effect such reallocation); and 
 (z)    all of the other terms and
conditions applicable to such Incremental Revolving Credit Increase shall be identical to the terms and conditions applicable to the Revolving Credit Facility; 

(G)    any Incremental Lender with an Incremental Revolving Credit Increase shall be entitled to the same voting rights as
the existing Revolving Credit Lenders under the Revolving Credit Facility and any Extensions of Credit made in connection with each Incremental Revolving Credit Increase shall receive proceeds of prepayments on the same basis as the other Revolving
Credit Loans made hereunder; 
 (H)    such Incremental Revolving Credit Commitments shall be effected
pursuant to one or more Lender Joinder Agreements executed and delivered by the Borrower, the Administrative Agent and the applicable Incremental Lenders (which Lender Joinder Agreement 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 opinion of the Administrative Agent, to effect the provisions of this Section 4.11); and 

(I)    the Borrower shall deliver or cause to be delivered any customary legal opinions or other documents
(including, without limitation, a resolution duly adopted by the board of directors (or equivalent governing body) of each Credit Party authorizing such Incremental Revolving Credit Increase) and other instruments and documents of the type required
by Section 7.14, as may be reasonably requested by Administrative Agent in connection with any such transaction. 

(b)    The Incremental Lenders shall be included in any determination of the Required Lenders and, unless otherwise
agreed, the Incremental Lenders will not constitute a separate voting class for any purposes under this Agreement. 

(c)    On any Increased Amount Date on which any Incremental Revolving Credit Increase becomes effective, subject to the
foregoing terms and conditions, each Incremental Lender with an Incremental Revolving Credit Commitment shall become a Revolving Credit Lender hereunder with respect to such Incremental Revolving Credit Commitment. 

SECTION 4.12    Cash Collateral. At any time that there shall exist a Defaulting Lender, within one Business Day
following the written request of the Administrative Agent or any Issuing Lender (with a copy to the Administrative Agent), the Borrower shall Cash Collateralize the Fronting Exposure of such Issuing Lender with respect to such Defaulting Lender
(determined after giving effect to Section 4.13(a)(iv) and any Cash Collateral provided by such Defaulting Lender) in an amount not less than the Minimum Collateral Amount. 

  
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 (a)    Grant of Security Interest. The Borrower, and to the
extent provided by any Defaulting Lender, such Defaulting Lender, hereby grants to the Administrative Agent, for the benefit of each Issuing Lender, and agrees to maintain, a first priority security interest in all such Cash Collateral as security
for the Defaulting Lender’s obligation to fund participations in respect of L/C Obligations, to be applied pursuant to subsection (b) below. If at any time the applicable Issuing Lender determines that the Cash Collateral is subject to any
right or claim of any Person other than the Administrative Agent and each Issuing Lender as herein provided, or that the total amount of such Cash Collateral is less than the Minimum Collateral Amount, the Borrower will, promptly upon demand by the
Administrative Agent, pay or provide to the Administrative Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency (after giving effect to any Cash Collateral provided by the Defaulting Lender). 

(b)    Application. Notwithstanding anything to the contrary contained in this Agreement or any other Loan
Document, Cash Collateral provided under this Section 4.12 or Section 4.13 in respect of Letters of Credit shall be applied to the satisfaction of the Defaulting Lender’s obligation to fund
participations in respect of L/C Obligations (including, as to Cash Collateral provided by a Defaulting Lender, any interest accrued on such obligation) for which the Cash Collateral was so provided, prior to any other application of such property
as may otherwise be provided for herein. 
 (c)    Termination of Requirement. Cash Collateral (or the
appropriate portion thereof) provided to reduce the Fronting Exposure of any Issuing Lender shall no longer be required to be held as Cash Collateral pursuant to this Section 4.12 following (i) the elimination of the
applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender), or (ii) the determination by the Administrative Agent and the Issuing Lenders that there exists excess Cash Collateral;
provided that, subject to Section 4.13, the Person providing Cash Collateral and the Issuing Lenders may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations;
and provided further that to the extent that such Cash Collateral was provided by the Borrower, such Cash Collateral shall remain subject to the security interest granted pursuant to the Loan Documents. 

SECTION 4.13    Defaulting Lenders. 

(a)    Defaulting Lender Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any
Lender becomes a Defaulting Lender, then, until such time as such 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 11.2. 

(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 IX or otherwise) or received by the Administrative Agent from a Defaulting Lender pursuant to
Section 11.4 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 the Issuing Lenders; third, to Cash Collateralize the Fronting Exposure of the Issuing Lenders with respect to such
Defaulting Lender in accordance with Section 4.12; fourth, as the Borrower may request (so long as no Default or Event of Default exists), to the funding of any Revolving Credit Loan or funded participation in
respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the 

  
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Administrative Agent; fifth, if so determined by the Administrative Agent and the Borrower, to be held in a deposit account and released pro rata in order to (A) satisfy
such Defaulting Lender’s potential future funding obligations with respect to Revolving Credit Loans and funded participations under this Agreement and (B) Cash Collateralize the Issuing Lenders’ future Fronting Exposure with respect
to such Defaulting Lender with respect to future Letters of Credit issued under this Agreement, in accordance with Section 4.12; sixth, to the payment of any amounts owing to the Lenders or the Issuing Lenders as a
result of any judgment of a court of competent jurisdiction obtained by any Lender or any Issuing Lender 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 the Borrower as a result of any judgment of a court of competent jurisdiction obtained by the 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 (1) such payment is a payment of the
principal amount of any Revolving Credit Loans or funded participations in Letters of Credit in respect of which such Defaulting Lender has not fully funded its appropriate share, and (2) such Revolving Credit Loans were made or the related
Letters of Credit were issued at a time when the conditions set forth in Section 5.2 were satisfied or waived, such payment shall be applied solely to pay the Revolving Credit Loans of, and funded participations in Letters
of Credit owed to, all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Revolving Credit Loans of, or funded participations in Letters of Credit owed to,
such Defaulting Lender until such time as all Revolving Credit Loans and funded and unfunded participations in L/C Obligations are held by the Lenders pro rata in accordance with the Revolving Credit Commitments under the applicable
Credit Facility without giving effect to Section 4.13(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 4.13(a)(ii) shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto. 

(iii)    Certain Fees. 

(A)    No Defaulting Lender shall be entitled to receive any Commitment Fee for any period during which
that Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender). 

(B)    Each Defaulting Lender shall be entitled to receive letter of credit commissions pursuant to
Section 3.3 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 4.12. 
 (C)    With respect to any Commitment
Fee, or letter of credit commission not required to be paid to any Defaulting Lender pursuant to clause (A) or (B) above, the Borrower shall (1) 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, (2) pay to each applicable Issuing Lender the amount of any such fee otherwise payable to such Defaulting Lender to the extent allocable to such Issuing Lender’s Fronting Exposure to such Defaulting Lender, and (3) not be
required to pay the remaining amount of any such fee. 

  
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 (iv)    Reallocation of Participations to Reduce
Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Obligations shall be reallocated among the 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 11.22, 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 (iv) above cannot, or can only
partially, be effected, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under law, Cash Collateralize the Issuing Lenders’ Fronting Exposure in accordance with the procedures set forth in
Section 4.12. 
 (b)    Defaulting Lender Cure. If the Borrower, the Administrative
Agent and the Issuing Lenders 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), such Lender will, to the extent applicable, purchase at par that portion of outstanding Revolving Credit Loans of the other Lenders or take such other actions as the
Administrative Agent may determine to be necessary to cause the Revolving Credit Loans and funded and unfunded participations in Letters of Credit to be held pro rata by the Lenders in accordance with the Revolving Credit Commitment
(without giving effect to Section 4.13(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 the 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. 

ARTICLE V 
 CONDITIONS OF CLOSING
AND BORROWING 
 SECTION 5.1    Conditions to Closing and Initial Extensions of Credit. The obligation of the
Lenders to close this Agreement and to make the initial Revolving Credit Loans or issue or participate in the initial Letter of Credit, if any, is subject to the satisfaction of each of the following conditions: 

(a)    Executed Loan Documents. This Agreement, a Revolving Credit Note in favor of each Revolving Credit Lender
requesting a Revolving Credit Note and the Security Documents, together with any other applicable Loan Documents, shall have been duly authorized, executed and delivered to the Administrative Agent by the parties thereto, shall be in full force and
effect and no Default or Event of Default shall exist hereunder or thereunder. 
 (b)    Closing Certificates;
Etc. The Administrative Agent shall have received each of the following in form and substance reasonably satisfactory to the Administrative Agent: 

(i)    Officer’s Certificate. A certificate from a Responsible Officer of the Borrower to the
effect that (A) all representations and warranties of the Credit Parties contained in this 

  
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Agreement and the other Loan Documents are true, correct and complete in all material respects (except to the extent any such representation and warranty is qualified by materiality or reference
to Material Adverse Effect, in which case, such representation and warranty shall be true, correct and complete in all respects); (B) none of the Credit Parties is in violation of any of the covenants contained in this Agreement and the other
Loan Documents; (C) after giving effect to the Transactions, no Default or Event of Default has occurred and is continuing; (D) since January 31, 2017, no event has occurred or condition arisen, either individually or in the
aggregate, that has had or could reasonably be expected to have a Material Adverse Effect; and (E) each of the Credit Parties, as applicable, has satisfied each of the conditions set forth in Section 5.1 and
Section 5.2. 
 (ii)    Certificate of Secretary of each Credit Party. A
certificate of a Responsible Officer of each Credit Party certifying as to the incumbency and genuineness of the signature of each officer of such Credit Party executing Loan Documents to which it is a party and certifying that attached thereto is a
true, correct and complete copy of (A) the articles or certificate of incorporation or formation (or equivalent), as applicable, of such Credit Party and all amendments thereto, certified as of a recent date by the appropriate Governmental
Authority in its jurisdiction of incorporation, organization or formation (or equivalent), as applicable, (B) the bylaws or other governing document of such Credit Party as in effect on the Closing Date, (C) resolutions duly adopted by the
board of directors (or other governing body) of such Credit Party authorizing and approving the transactions contemplated hereunder and the execution, delivery and performance of this Agreement and the other Loan Documents to which it is a party,
and to the extent necessary, amending the by-laws or articles of association (as applicable) to give effect to the transactions contemplated hereunder and the execution, delivery and performance of this
Agreement and the other Loan Documents, or any other such resolution required by the Administrative Agent in its reasonable discretion and (D) each certificate required to be delivered pursuant to Section 5.1(b)(iii).

 (iii)    Certificates of Good Standing. Certificates as of a recent date of the good standing
of each Credit Party under the laws of its jurisdiction of incorporation, organization or formation (or equivalent), as applicable, and, to the extent requested by the Administrative Agent, each other jurisdiction where such Credit Party is
qualified to do business. 
 (iv)    Borrowing Base Certificate. A Borrowing Base Certificate
which calculates the Borrowing Base as of the Closing Date, certified by the Borrower’s controller or such Person’s designee attesting that the Borrowing Base set forth therein has been calculated in accordance with the definition of
“Borrowing Base” set forth in Section 1.01. 
 (v)    Opinions of
Counsel. Opinions of counsel to the Credit Parties addressed to the Administrative Agent and the Lenders with respect to the Credit Parties, the Loan Documents and such other matters as the Administrative Agent shall request (which such opinions
shall expressly permit reliance by permitted successors and assigns of the Administrative Agent and the Lenders). 

(c)    Personal Property Collateral. 

(i)    Filings and Recordings. The Administrative Agent shall have received all filings and
recordations that are necessary to perfect the security interests of the Administrative Agent, on behalf of the Secured Parties, in the Collateral and the Administrative Agent shall have received evidence reasonably satisfactory to the
Administrative Agent that upon such filings and recordations such security interests constitute valid and perfected first priority Liens thereon (subject to Permitted Liens). 

  
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 (ii)    Pledged Collateral. The Administrative
Agent shall have received (A) original stock certificates or other certificates evidencing the certificated Equity Interests pledged pursuant to the Security Documents, together with an undated stock power for each such certificate duly
executed in blank by the registered owner thereof and (B) each original promissory note pledged pursuant to the Security Documents together with an undated allonge for each such promissory note duly executed in blank by the holder thereof. 

(iii)    Lien Search. The Administrative Agent shall have received the results of a Lien search
(including a search as to judgments, pending litigation, bankruptcy, tax and intellectual property matters), in form and substance reasonably satisfactory thereto, made against the Credit Parties under the Uniform Commercial Code (or applicable
judicial docket) as in effect in each jurisdiction in which filings or recordations under the Uniform Commercial Code should be made to evidence or perfect security interests in all assets of such Credit Party, indicating among other things that the
assets of each such Credit Party are free and clear of any Lien (except for Permitted Liens). 

(iv)    Property and Liability Insurance. The Administrative Agent shall have received, in each case
in form and substance reasonably satisfactory to the Administrative Agent, evidence of property, business interruption and liability insurance covering each Credit Party (with appropriate endorsements naming the Administrative Agent as lender’s
loss payee on all policies for property hazard insurance and as additional insured on all policies for liability insurance). 

(v)    Other Collateral Documentation. The Administrative Agent shall have received any documents
required by the terms of the Security Documents to evidence its security interest in the Collateral. 

(d)    Consents; Defaults. 

(i)    Governmental and Third Party Approvals. The Credit Parties shall have received all material
governmental, shareholder and third party consents and approvals necessary (or any other material consents as determined in the reasonable discretion of the Administrative Agent) in connection with the transactions contemplated by this Agreement and
the other Loan Documents and all applicable waiting periods shall have expired without any action being taken by any Person that could reasonably be expected to restrain, prevent or impose any material adverse conditions on any of the Credit Parties
or such other transactions or that could seek or threaten any of the foregoing, and no law or regulation shall be applicable which in the reasonable judgment of the Administrative Agent could reasonably be expected to have such effect. 

(e)    Financial Matters. 

(i)    Financial Statements. The Administrative Agent shall have received (A) the audited
Consolidated balance sheet of the Borrower and its Subsidiaries as of January 31, 2015, January 31, 2016 and January 31, 2017 and the related audited statements of income and retained earnings and cash flows for the Fiscal Year then
ended and (B) unaudited Consolidated balance sheet of the Borrower and its Subsidiaries as of January 31, 2018 and related unaudited interim statements of income and retained earnings and cash flows. 

  
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 (ii)     Financial Projections. The
Administrative Agent shall have received pro forma Consolidated financial statements for the Borrower and its Subsidiaries, and projections prepared by management of the Borrower, of balance sheets, income statements and cash flow statements on a
quarterly basis for the first year following the Closing Date and on an annual basis for each year thereafter during the term of the Credit Facility. 

(iii)    Financial Condition/Solvency Certificate. The Borrower shall have delivered to the
Administrative Agent a certificate, in form and substance satisfactory to the Administrative Agent, and certified as accurate by the chief financial officer or chief accounting officer of the Borrower, that (A) after giving effect to the
Transactions, each Credit Party and each Subsidiary thereof is each Solvent and (B) attached thereto are calculations evidencing compliance on a pro forma basis after giving effect to the Transactions with the covenants contained in
Section 8.13. 
 (iv)    Payment at Closing. The Borrower shall have
paid or made arrangements to pay contemporaneously with closing (A) to the Administrative Agent, the Arranger and the Lenders the fees set forth or referenced in Section 4.2 and any other accrued and unpaid fees or
commissions due hereunder, (B) all fees, charges and disbursements of counsel to the Administrative Agent (directly to such counsel if requested by the Administrative Agent) to the extent accrued and unpaid prior to or on the Closing Date, plus
such additional amounts of such fees, charges and disbursements as shall constitute its reasonable estimate of such fees, charges and disbursements incurred or to be incurred by it through the closing proceedings (provided that such estimate
shall not thereafter preclude a final settling of accounts between the Borrower and the Administrative Agent) and (C) to any other Person such amount as may be due thereto in connection with the transactions contemplated hereby, including all
taxes, fees and other charges in connection with the execution, delivery, recording, filing and registration of any of the Loan Documents. 

(f)    Miscellaneous. 

(i)    Notice of Account Designation. The Administrative Agent shall have received a Notice of
Account Designation specifying the account or accounts to which the proceeds of any Revolving Credit Loans made on or after the Closing Date are to be disbursed. 

(ii)    [Reserved]. 

(iii)    Existing Indebtedness. All existing Indebtedness of the Borrower and its Subsidiaries
(excluding Indebtedness permitted pursuant to Section 6.1) shall be repaid in full, all commitments (if any) in respect thereof shall have been terminated and all guarantees therefor and security therefor shall be released,
and the Administrative Agent shall have received pay-off letters in form and substance satisfactory to it evidencing such repayment, termination and release. 

(iv)    PATRIOT Act, etc. The Borrower and each of the Subsidiary Guarantors shall have provided to
the Administrative Agent and the Lenders the documentation and other information requested by the Administrative Agent at least ten (10) Business Days prior to the Closing Date in order to comply with requirements of any Anti-Money Laundering
Laws, including, without limitation, the PATRIOT Act and any applicable “know your customer” rules and regulations. 

(v)    Other Documents. All opinions, certificates and other instruments and all proceedings in
connection with the transactions contemplated by this Agreement shall be 

  
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reasonably satisfactory in form and substance to the Administrative Agent. The Administrative Agent shall have received copies of all other documents, certificates and instruments reasonably
requested thereby, with respect to the transactions contemplated by this Agreement. 
 Without limiting the generality of the provisions of
Section 10.3(c), for purposes of determining compliance with the conditions specified in this Section 5.1, the Administrative Agent and each Lender that has signed this Agreement shall be deemed to
have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice
from such Lender prior to the proposed Closing Date specifying its objection thereto. 
 SECTION 5.2    Conditions to
All Extensions of Credit. The obligations of the Lenders to make or participate in any Revolving Credit Loan (including the initial Revolving Credit Loans) Revolving Credit Loan and/or any Issuing Lender to issue or extend any Letter of Credit
are subject to the satisfaction of the following conditions precedent on the relevant borrowing, issuance or extension date: 

(a)    Continuation of Representations and Warranties. The representations and warranties contained in this
Agreement and the other Loan Documents shall be true and correct in all material respects, except for any representation and warranty that is qualified by materiality or reference to Material Adverse Effect, which such representation and warranty
shall be true and correct in all respects, on and as of such borrowing, issuance or extension date with the same effect as if made on and as of such date (except for any such representation and warranty that by its terms is made only as of an
earlier date, which representation and warranty shall remain true and correct in all material respects as of such earlier date, except for any representation and warranty that is qualified by materiality or reference to Material Adverse Effect,
which such representation and warranty shall be true and correct in all respects as of such earlier date). 

(b)    No Existing Default. No Default or Event of Default shall have occurred and be continuing (i) on the
borrowing date with respect to such Revolving Credit Loan or after giving effect to the Revolving Credit Loans to be made on such date or (ii) on the issuance or extension date with respect to such Letter of Credit or after giving effect to the
issuance or extension of such Letter of Credit on such date. 
 (c)    Notices. The Administrative Agent shall
have received a Notice of Borrowing, Letter of Credit Application, as applicable, from the Borrower in accordance with Section 2.3(a) or Section 3.2, as applicable. 

(d)    New Letters of Credit. So long as any Lender is a Defaulting Lender, the Issuing Lenders shall not be
required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto. 

(e)    Borrowing Base Certificate. The Administrative Agent shall have received, at least five (5) Business
Days prior to each extension of credit, an updated Borrowing Base Certificate. 

  
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 ARTICLE VI 

REPRESENTATIONS AND WARRANTIES OF THE CREDIT PARTIES 

To induce the Administrative Agent and Lenders to enter into this Agreement and to induce the Lenders to make Extensions of Credit, the Credit
Parties hereby represent and warrant to the Administrative Agent and the Lenders both before and after giving effect to the transactions contemplated hereunder, which representations and warranties shall be deemed made on the Closing Date and as
otherwise set forth in Section 5.2, that: 
 SECTION 6.1    Organization; Power;
Qualification. Each Credit Party and each Subsidiary thereof (a) is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, (b) has the power and authority to own its
Properties and to carry on its business as now being and hereafter proposed to be conducted and (c) is duly qualified and authorized to do business in each jurisdiction in which the character of its Properties or the nature of its business
requires such qualification and authorization except in jurisdictions where the failure to be so qualified or in good standing could not reasonably be expected to result in a Material Adverse Effect. The jurisdictions in which each Credit Party and
each Subsidiary thereof are organized and qualified to do business as of the Closing Date are described on Schedule 6.1. No Credit Party nor any Subsidiary thereof is an EEA Financial Institution. 

SECTION 6.2    Ownership. Each Subsidiary of each Credit Party as of the Closing Date is listed on
Schedule6.2. As of the Closing Date, the capitalization of each Credit Party and its Subsidiaries consists of the number of shares, authorized, issued and outstanding, of such classes and series, with or without par value, described on
Schedule 6.2. All outstanding shares have been duly authorized and validly issued and are fully paid and nonassessable and not subject to any preemptive or similar rights, except as described in Schedule 6.2. As of the Closing Date,
there are no outstanding stock purchase warrants, subscriptions, options, securities, instruments or other rights of any type or nature whatsoever, which are convertible into, exchangeable for or otherwise provide for or require the issuance of
Equity Interests of any Credit Party or any Subsidiary thereof, except as described on Schedule 6.2. 
 SECTION
6.3    Authorization; Enforceability. Each Credit Party and each Subsidiary thereof has the right, power and authority and has taken all necessary corporate and other action to authorize the execution, delivery and
performance of this Agreement and each of the other Loan Documents to which it is a party in accordance with their respective terms. This Agreement and each of the other Loan Documents have been duly executed and delivered by the duly authorized
officers of each Credit Party and each Subsidiary thereof that is a party thereto, and each such document constitutes the legal, valid and binding obligation of each Credit Party and each Subsidiary thereof that is a party thereto, enforceable in
accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar state or federal Debtor Relief Laws from time to time in effect which affect the enforcement of creditors’
rights in general and the availability of equitable remedies. 
 SECTION 6.4    Compliance of Agreement, Loan
Documents and Borrowing with Laws, Etc. The execution, delivery and performance by each Credit Party and each Subsidiary thereof of the Loan Documents to which each such Person is a party, in accordance with their respective terms, the
Extensions of Credit hereunder and the transactions contemplated hereby or thereby do not and will not, by the passage of time, the giving of notice or otherwise, (a) require any Governmental Approval or violate any Applicable Law relating to
any Credit Party or any Subsidiary thereof where the failure to obtain such Governmental Approval or such violation could reasonably be expected to have a Material Adverse Effect, (b) conflict with, result in a breach of or constitute a default
under the articles of incorporation, bylaws or other organizational documents of any Credit Party or any Subsidiary thereof, (c) conflict with, result in a breach of or constitute a default under any indenture, agreement or other instrument to
which such Person is a party or by which any of its properties may be bound or any Governmental Approval relating to such Person, which could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect,
(d) result in or require the creation or imposition of any Lien upon or with respect to any property now owned or hereafter acquired by such Person other than Permitted Liens or (e) require any consent or authorization of, filing with, or
other act in respect of, an arbitrator or Governmental Authority and no consent of any other Person is required in connection with 

  
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the execution, delivery, performance, validity or enforceability of this Agreement other than (i) consents, authorizations, filings or other acts or consents for which the failure to obtain
or make could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect and (ii) consents or filings under the UCC. 

SECTION 6.5    Compliance with Law; Governmental Approvals. Each Credit Party and each Subsidiary thereof
(a) has all Governmental Approvals required by any Applicable Law for it to conduct its business, each of which is in full force and effect, is final and not subject to review on appeal and is not the subject of any pending or, to its
knowledge, threatened attack by direct or collateral proceeding, (b) is in compliance with each Governmental Approval applicable to it and in compliance with all other Applicable Laws relating to it or any of its respective properties and
(c) has timely filed all material reports, documents and other materials required to be filed by it under all Applicable Laws with any Governmental Authority and has retained all material records and documents required to be retained by it
under Applicable Law, except in each case of clauses (a), (b) or (c) where the failure to have, comply or file could not reasonably be expected to have a Material Adverse Effect. 

SECTION 6.6    Tax Returns and Payments. Each Credit Party and each Subsidiary thereof has duly filed or caused to
be filed all federal, state, local and other tax returns required by Applicable Law to be filed, and has paid, or made adequate provision for the payment of, all federal, state, local and other taxes, assessments and governmental charges or levies
upon it and its property, income, profits and assets which are due and payable (other than any amount the validity of which is currently being contested in good faith by appropriate proceedings and with respect to which reserves in conformity with
GAAP have been provided for on the books of the relevant Credit Party). Such returns accurately reflect in all material respects all liability for taxes of any Credit Party or any Subsidiary thereof for the periods covered thereby. As of the Closing
Date, except as set forth on Schedule 6.6, there is no ongoing audit or examination or, to the knowledge of each of the Credit Parties and each Subsidiary thereof, other investigation by any Governmental Authority of the
tax liability of any Credit Party or any Subsidiary thereof. No Governmental Authority has asserted any Lien or other claim against any Credit Party or any Subsidiary thereof with respect to unpaid taxes which has not been discharged or resolved
(other than (a) any amount the validity of which is currently being contested in good faith by appropriate proceedings and with respect to which reserves in conformity with GAAP have been provided for on the books of the relevant Credit Party
and (b) Permitted Liens). The charges, accruals and reserves on the books of each Credit Party and each Subsidiary thereof in respect of federal, state, local and other taxes for all Fiscal Years and portions thereof since the organization of
any Credit Party or any Subsidiary thereof are in the judgment of the Borrower adequate, and the Borrower does not anticipate any additional taxes or assessments for any of such years. 

SECTION 6.7    Intellectual Property Matters. Each Credit Party and each Subsidiary thereof owns or possesses
rights to use all material Intellectual Property. No event has occurred which permits, or after notice or lapse of time or both would permit, the revocation or termination of any such rights, and no Credit Party nor any Subsidiary thereof is liable
to any Person for infringement under Applicable Law with respect to any such rights as a result of its business operations. 
 SECTION
6.8    Environmental Matters. 
 (a)    The properties owned, leased or operated by each
Credit Party and each Subsidiary thereof now or in the past do not contain, and to their knowledge have not previously contained, any Hazardous Materials in amounts or concentrations which constitute or constituted a violation of applicable
Environmental Laws; 

  
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 (b)    To its knowledge, each Credit Party and each Subsidiary thereof
and such properties and all operations conducted in connection therewith are in compliance, and have been in compliance, with all applicable Environmental Laws, and there is no contamination at, under or about such properties or such operations
which could interfere with the continued operation of such properties or impair the fair saleable value thereof; 

(c)    No Credit Party nor any Subsidiary thereof has received any notice of violation, alleged violation, non-compliance, liability or potential liability regarding environmental matters, Hazardous Materials, or compliance with Environmental Laws that, if adversely determined, could reasonably be expected, individually
or in the aggregate, to have a Material Adverse Effect, nor does any Credit Party or any Subsidiary thereof have knowledge or reason to believe that any such notice will be received or is being threatened; 

(d)    To its knowledge, Hazardous Materials have not been transported or disposed of to or from the properties owned,
leased or operated by any Credit Party or any Subsidiary thereof in violation of, or in a manner or to a location which could give rise to liability under, Environmental Laws, nor have any Hazardous Materials been generated, treated, stored or
disposed of at, on or under any of such properties in violation of, or in a manner that could give rise to liability under, any applicable Environmental Laws; 

(e)    No judicial proceedings or governmental or administrative action is pending, or, to the knowledge of the Borrower,
threatened, under any Environmental Law to which any Credit Party or any Subsidiary thereof is or will be named as a potentially responsible party, nor are there any consent decrees or other decrees, consent orders, administrative orders or other
orders, or other administrative or judicial requirements outstanding under any applicable Environmental Law with respect to any Credit Party, any Subsidiary thereof, with respect to any real property owned, leased or operated by any Credit Party or
any Subsidiary thereof or operations conducted in connection therewith that could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; and 

(f)    There has been no release, or to its knowledge, threat of release, of Hazardous Materials at or from properties
owned, leased or operated by any Credit Party or any Subsidiary, now or in the past, in violation of or in amounts or in a manner that could give rise to liability under applicable Environmental Laws that could reasonably be expected, individually
or in the aggregate, to have a Material Adverse Effect. 
 SECTION 6.9    Employee Benefit Matters. 

(a)    As of the Closing Date, no Credit Party nor any ERISA Affiliate maintains or contributes to, or has any obligation
under, any Employee Benefit Plans other than those identified on Schedule 6.9; 
 (b)    Each Credit Party and
each ERISA Affiliate is in compliance with all applicable provisions of ERISA, the Code and the regulations and published interpretations thereunder with respect to all Employee Benefit Plans except for any required amendments for which the remedial
amendment period as defined in Section 401(b) of the Code has not yet expired and except where a failure to so comply could not reasonably be expected to have a Material Adverse Effect. Each Employee Benefit Plan that is intended to be
qualified under Section 401(a) of the Code has been determined by the IRS to be so qualified, and each trust related to such plan has been determined to be exempt under Section 501(a) of the Code except for such plans that have not yet
received determination letters but for which the remedial amendment period for submitting a determination letter has not yet expired. No liability has been incurred by any Credit Party or any ERISA Affiliate which remains unsatisfied for any taxes
or penalties assessed with respect to any Employee Benefit Plan or any Multiemployer Plan except for a liability that could not reasonably be expected to have a Material Adverse Effect; 

  
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 (c)    As of the Closing Date, no Pension Plan has been terminated, nor
has any Pension Plan become subject to funding based benefit restrictions under Section 436 of the Code, nor has any funding waiver from the IRS been received or requested with respect to any Pension Plan, nor has any Credit Party or any ERISA
Affiliate failed to make any contributions or to pay any amounts due and owing as required by Sections 412 or 430 of the Code, Section 302 of ERISA or the terms of any Pension Plan on or prior to the due dates of such contributions under
Sections 412 or 430 of the Code or Section 302 of ERISA, nor has there been any event requiring any disclosure under Section 4041(c)(3)(C) or 4063(a) of ERISA with respect to any Pension Plan; 

(d)    Except where the failure of any of the following representations to be correct could not reasonably be expected,
individually or in the aggregate, to have a Material Adverse Effect, no Credit Party nor any ERISA Affiliate has: (i) engaged in a nonexempt prohibited transaction described in Section 406 of the ERISA or Section 4975 of the Code,
(ii) incurred any liability to the PBGC which remains outstanding other than the payment of premiums and there are no premium payments which are due and unpaid, (iii) failed to make a required contribution or payment to a Multiemployer
Plan, or (iv) failed to make a required installment or other required payment under Sections 412 or 430 of the Code; 

(e)    No Termination Event has occurred or is reasonably expected to occur; 

(f)    Except where the failure of any of the following representations to be correct could not reasonably be expected,
individually or in the aggregate, to have a Material Adverse Effect, no proceeding, claim (other than a benefits claim in the ordinary course of business), lawsuit and/or investigation is existing or, to its knowledge, threatened concerning or
involving (i) any employee welfare benefit plan (as defined in Section 3(1) of ERISA) currently maintained or contributed to by any Credit Party or any ERISA Affiliate, (ii) any Pension Plan or (iii) any Multiemployer Plan. 

(g)    No Credit Party nor any Subsidiary thereof is a party to any contract, agreement or arrangement that could, solely
as a result of the delivery of this Agreement or the consummation of transactions contemplated hereby, result in the payment of any “excess parachute payment” within the meaning of Section 280G of the Code. 

SECTION 6.10    Margin Stock. No Credit Party nor any Subsidiary thereof is engaged principally or as one of its
activities in the business of extending credit for the purpose of “purchasing” or “carrying” any “margin stock” (as each such term is defined or used, directly or indirectly, in Regulation U of the Board of Governors of
the Federal Reserve System). No part of the proceeds of any of the Revolving Credit Loans or Letters of Credit will be used for purchasing or carrying margin stock or for any purpose which violates, or which would be inconsistent with, the
provisions of Regulation T, U or X of such Board of Governors. Following the application of the proceeds of each Extension of Credit, not more than twenty-five percent (25%) of the value of the assets (either of the Borrower only or of the
Borrower and its Subsidiaries on a Consolidated basis) subject to the provisions of Section 8.2 or Section 8.5 or subject to any restriction contained in any agreement or instrument between
the Borrower and any Lender or any Affiliate of any Lender relating to Indebtedness in excess of the Threshold Amount will be “margin stock”. 

SECTION 6.11    Government Regulation. No Credit Party nor any Subsidiary thereof is an “investment
company” or a company “controlled” by an “investment company” (as each such term is defined or used in the Investment Company Act) and no Credit Party nor any Subsidiary thereof is, or

  
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after giving effect to any Extension of Credit will be, subject to regulation under the Interstate Commerce Act, or any other Applicable Law which limits its ability to incur or consummate the
transactions contemplated hereby. 
 SECTION 6.12    Material Contracts. Schedule 6.12 sets forth a
complete and accurate list of all Material Contracts of each Credit Party and each Subsidiary thereof in effect as of the Closing Date. Other than as set forth in Schedule 6.12, as of the Closing Date, each such Material Contract is, and
after giving effect to the consummation of the transactions contemplated by the Loan Documents will be, in full force and effect in accordance with the terms thereof. To the extent requested by the Administrative Agent, each Credit Party and each
Subsidiary thereof has delivered to the Administrative Agent a true and complete copy of each Material Contract required to be listed on Schedule 6.12 or any other Schedule hereto. As of the Closing Date, no Credit Party nor any Subsidiary
thereof (nor, to its knowledge, any other party thereto) is in breach of or in default under any Material Contract in any material respect. 

SECTION 6.13    Employee Relations. As of the Closing Date, no Credit Party nor any Subsidiary thereof is party to
any collective bargaining agreement, nor has any labor union been recognized as the representative of its employees except as set forth on Schedule 6.13. The Borrower knows of no pending, threatened or contemplated strikes, work stoppage or
other collective labor disputes involving its employees or those of its Subsidiaries that, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. 

SECTION 6.14    Burdensome Provisions. The Credit Parties and their respective Subsidiaries do not presently
anticipate that future expenditures needed to meet the provisions of any statutes, orders, rules or regulations of a Governmental Authority will be so burdensome as to have a Material Adverse Effect. No Subsidiary is party to any agreement or
instrument or otherwise subject to any restriction or encumbrance that restricts or limits its ability to make dividend payments or other distributions in respect of its Equity Interests to the Borrower or any Subsidiary or to transfer any of its
assets or properties to the Borrower or any other Subsidiary in each case other than existing under or by reason of the Loan Documents or Applicable Law. 

SECTION 6.15    Financial Statements. The audited and unaudited financial statements delivered pursuant to
Section 5.1(e)(i) are complete and correct and fairly present on a Consolidated basis the assets, liabilities and financial position of the Borrower and its Subsidiaries as at such dates, and the results of the operations
and changes of financial position for the periods then ended (other than customary year-end adjustments for unaudited financial statements and the absence of footnotes from unaudited financial statements). All
such financial statements, including the related schedules and notes thereto, have been prepared in accordance with GAAP. Such financial statements show all material indebtedness and other material liabilities, direct or contingent, of the Borrower
and its Subsidiaries as of the date thereof, including material liabilities for taxes, material commitments, and Indebtedness, in each case, to the extent required to be disclosed under GAAP. The projections delivered pursuant to
Section 6.1(e)(ii) were prepared in good faith on the basis of the assumptions stated therein, which assumptions are believed to be reasonable in light of then existing conditions (it being recognized by the Lenders that
projections are not to be viewed as facts and that the actual results during the period or periods covered by such projections may vary from such projections). 

SECTION 6.16    No Material Adverse Change. Since January 31, 2017, there has been no Material Adverse Effect
or event, condition or contingency that could reasonably be expected to have a Material Adverse Effect. 
 SECTION
6.17    Solvency. Each Credit Party and each Subsidiary thereof is Solvent. 

  
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 SECTION 6.18    Title to Properties. As of the Closing Date, the
real property listed on Schedule 6.18 constitutes all of the real property that is owned, leased, subleased or used by any Credit Party or any of its Subsidiaries. Each Credit Party and each Subsidiary thereof has such title to the real
property owned or leased by it as is necessary or desirable to the conduct of its business and valid and legal title to all of its personal property and assets, except those which have been disposed of by the Credit Parties and their Subsidiaries
subsequent to such date which dispositions have been in the ordinary course of business or as otherwise expressly permitted hereunder. 

SECTION 6.19    Litigation. Except for matters existing on the Closing Date and set forth on Schedule
6.19, there are no actions, suits or proceedings pending nor, to its knowledge, threatened against or in any other way relating adversely to or affecting any Credit Party or any Subsidiary thereof or any of their respective properties in
any court or before any arbitrator of any kind or before or by any Governmental Authority that could reasonably be expected to have a Material Adverse Effect. 

SECTION 6.20    Anti-Corruption Laws; Anti-Money Laundering Laws and Sanctions. 

(a)    None of (i) the Borrower, any Subsidiary, any of their respective directors, officers, or, to the knowledge of
the Borrower or such Subsidiary, any of their respective employees or Affiliates, or (ii) to the knowledge of the Borrower, any agent or representative of the Borrower or any Subsidiary that will act in any capacity in connection with or
benefit from the Credit Facility, (A) is a Sanctioned Person or currently the subject or target of any Sanctions, (B) is controlled by or is acting on behalf of a Sanctioned Person, (C) has its assets located in a Sanctioned Country,
(D) is under administrative, civil or criminal investigation for an alleged violation of, or received notice from or made a voluntary disclosure to any governmental entity regarding a possible violation of, Anti-Corruption Laws, Anti-Money
Laundering Laws or Sanctions by a governmental authority that enforces Sanctions or any Anti-Corruption Laws or Anti-Money Laundering Laws, or (E) directly or indirectly derives revenues from investments in, or transactions with, Sanctioned
Persons. 
 (b)    Each of the Borrower and its Subsidiaries has implemented and maintains in effect policies and
procedures designed to ensure compliance by the Borrower and its Subsidiaries and their respective directors, officers, employees, agents and Affiliates with all Anti-Corruption Laws, Anti-Money Laundering Laws and applicable Sanctions. 

(c)    Each of the Borrower and its Subsidiaries, each director, officer, and to the knowledge of Borrower, employee,
agent and Affiliate of Borrower and each such Subsidiary, is in compliance with all Anti-Corruption Laws, Anti-Money Laundering Laws in all material respects and applicable Sanctions. 

(d)    No proceeds of any Extension of Credit have been used, directly or indirectly, by the Borrower, any of its
Subsidiaries or any of its or their respective directors, officers, employees and agents in violation of Section 7.16(c). 

SECTION 6.21    Absence of Defaults. No event has occurred or is continuing (a) which constitutes a Default or
an Event of Default, or (b) which constitutes, or which with the passage of time or giving of notice or both would constitute, a default or event of default by any Credit Party or any Subsidiary thereof under (i) any Material Contract or
(ii) any judgment, decree or order to which any Credit Party or any Subsidiary thereof is a party or by which any Credit Party or any Subsidiary thereof or any of their respective properties may be bound or which would require any Credit Party
or any Subsidiary thereof to make any payment thereunder prior to the scheduled maturity date therefor that, in any case under this clause (ii), could, either individually or in the aggregate, reasonably be expected to have a Material Adverse
Effect. 

  
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 SECTION 6.22    Senior Indebtedness Status. The Obligations of
each Credit Party and each Subsidiary thereof under this Agreement and each of the other Loan Documents ranks and shall continue to rank at least senior in priority of payment to all Subordinated Indebtedness and all senior unsecured Indebtedness of
each such Person and is designated as “Senior Indebtedness” under all instruments and documents, now or in the future, relating to all Subordinated Indebtedness and all senior unsecured Indebtedness of such Person. 

SECTION 6.23    Disclosure. The Borrower and/or its Subsidiaries have disclosed to the Administrative Agent and the
Lenders all agreements, instruments and corporate or other restrictions to which any Credit Party and any Subsidiary thereof are subject, and all other matters known to them, that, individually or in the aggregate, could reasonably be expected to
result in a Material Adverse Effect. No financial statement, material report, material certificate or other material information furnished (whether in writing or orally) by or on behalf of any Credit Party or any Subsidiary thereof to the
Administrative Agent or any Lender in connection with the transactions contemplated hereby and the negotiation of this Agreement or delivered hereunder (as modified or supplemented by other information so furnished), taken together as a whole,
contains any untrue statement of a material fact or omits to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided that, with respect to
projected financial information, estimated financial information and other projected or estimated information, such information was prepared in good faith based upon assumptions believed to be reasonable at the time (it being recognized by the
Lenders that projections are not to be viewed as facts and that the actual results during the period or periods covered by such projections may vary from such projections). The calculation of the Borrowing Base as set forth in each Borrowing Base
Certificate is true and correct in all material respects. 
 ARTICLE VII 

AFFIRMATIVE COVENANTS 
 Until all
of the Obligations (other than contingent indemnification obligations not then due) have been paid and satisfied in full in cash, all Letters of Credit have been terminated or expired (or been Cash Collateralized) and the Revolving Credit Commitment
terminated, each Credit Party will, and will cause each of its Subsidiaries to: 
 SECTION 7.1    Financial
Statements and Budgets. Deliver to the Administrative Agent, in form and detail satisfactory to the Administrative Agent (which shall promptly make such information available to the Lenders in accordance with its customary practice): 

(a)    Annual Financial Statements. As soon as practicable and in any event within one hundred twenty
(120) days after the end of each Fiscal Year (commencing with the Fiscal Year ended January 31, 2018), an audited Consolidated balance sheet of the Borrower and its Subsidiaries as of the close of such Fiscal Year and audited Consolidated
statements of income, retained earnings and cash flows including the notes thereto, all in reasonable detail setting forth in comparative form the corresponding figures as of the end of and for the preceding Fiscal Year and prepared in accordance
with GAAP and, if applicable, containing disclosure of the effect on the financial position or results of operations of any change in the application of accounting principles and practices during the year. Such annual financial statements shall be
audited by an independent certified public accounting firm of recognized national standing acceptable to the Administrative Agent, and accompanied by a report and opinion thereon by such certified public accountants prepared in accordance with
generally accepted auditing standards that is not subject to any “going concern” or similar qualification or exception or any qualification as to the scope of such audit or with respect to accounting principles followed by the Borrower or
any of its Subsidiaries not in accordance with GAAP. 

  
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 (b)    Interim Financial Statements. As soon as practicable and
in any event within thirty (30) days after the end of (x) each fiscal quarter of each Fiscal Year and (y) each calendar month (only if any Revolving Credit Loans were outstanding at any time during such month), an unaudited
Consolidated balance sheet of the Borrower and its Subsidiaries as of the close of such fiscal quarter or month, as applicable, and unaudited Consolidated statements of income, retained earnings and cash flows, all in reasonable detail setting forth
in comparative form the corresponding figures as of the end of and for the corresponding period in the preceding Fiscal Year and prepared by the Borrower in accordance with GAAP and, if applicable, containing disclosure of the effect on the
financial position or results of operations of any change in the application of accounting principles and practices during the period, and certified by the chief financial officer or chief accounting officer of the Borrower to present fairly in all
material respects the financial condition of the Borrower and its Subsidiaries on a Consolidated basis as of their respective dates and the results of operations of the Borrower and its Subsidiaries for the respective periods then ended, subject to
normal year-end adjustments and the absence of footnotes. 
 (c)    Annual
Business Plan and Budget. As soon as practicable and in any event within sixty (60) days after the end of each Fiscal Year, a business plan and operating and capital budget of the Borrower and its Subsidiaries for the ensuing four
(4) fiscal quarters, such plan to be prepared in accordance with GAAP and to include, on a quarterly basis, the following: a quarterly operating and capital budget, a projected income statement, statement of cash flows and balance sheet,
calculations demonstrating projected compliance with the financial covenants set forth in Section 8.13 and a report containing management’s discussion and analysis of such budget with a reasonable disclosure of the key
assumptions and drivers with respect to such budget, accompanied by a certificate from a Responsible Officer of the Borrower to the effect that such budget contains good faith estimates (utilizing assumptions believed to be reasonable at the time of
delivery of such budget) of the financial condition and operations of the Borrower and its Subsidiaries for such period. 
 SECTION
7.2    Certificates; Other Reports. Deliver to the Administrative Agent (which shall promptly make such information available to the Lenders in accordance with its customary practice): 

(a)    at each time financial statements are delivered pursuant to Sections 7.1(a) or (b) and at such
other times as the Administrative Agent shall reasonably request, a duly completed Officer’s Compliance Certificate signed by the chief executive officer, chief financial officer, chief accounting officer, treasurer or controller of the
Borrower; 
 (b)    as soon as available and in no event later than thirty (30) days after the last day of
(x) each fiscal quarter of each Fiscal Year and (y) each calendar month (only if any Revolving Credit Loans were outstanding at any time during such month), a Borrowing Base Certificate as of the last day of such fiscal quarter or month,
as applicable, setting forth availability under the Revolving Credit Facility, together with (i) an accounts receivable and accounts payable agings by invoice date, in form and detail reasonably satisfactory to the Administrative Agent,
(ii) a certification from the Borrower’s controller or such Person’s designee attesting that the Borrowing Base set forth therein has been calculated in accordance with the definition of “Borrowing Base” set forth in
Section 1.01 and (iii) a recurring revenue report, including detailed information on new bookings and customer churn, which report shall in any event include reconciliation of beginning period total annual contract
value to ending period total annual contract value, including new annual contract value, upsell annual contract value, renewed annual contract value, and churned annual contract value, as well as reconciliation of beginning period customer count and
ending period customer count, including new customer additions and customer churn; 
 (c)    promptly upon receipt
thereof, copies of all reports, if any, submitted to any Credit Party, any Subsidiary thereof or any of their respective boards of directors by their respective independent public accountants in connection with their auditing function, including,
without limitation, any management report and any management responses thereto; 

  
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 (d)    promptly after the furnishing thereof, copies of any statement or
report furnished to any holder of Indebtedness of any Credit Party or any Subsidiary thereof in excess of the Threshold Amount pursuant to the terms of any indenture, loan or credit or similar agreement; 

(e)    promptly after the assertion or occurrence thereof, notice of any action or proceeding against or of any
noncompliance by any Credit Party or any Subsidiary thereof with any Environmental Law that could (i) reasonably be expected to have a Material Adverse Effect or (ii) cause any owned real property to be subject to any restrictions on
ownership, occupancy, use or transferability under any Environmental Law; 
 (f)    promptly upon the request thereof,
such other information and documentation required by bank regulatory authorities under applicable Anti-Money Laundering Laws (including, without limitation, any applicable “know your customer” rules and regulations and the PATRIOT Act), as
from time to time reasonably requested by the Administrative Agent or any Lender; and 
 (g)    such other information
regarding the operations, business affairs and financial condition of any Credit Party or any Subsidiary thereof as the Administrative Agent or any Lender may reasonably request. 

Documents required to be delivered pursuant to Section 7.1(a) or (b) may be delivered electronically and if so
delivered, shall be deemed to have been delivered on the date on which (i) the Borrower posts such documents, or provides a link thereto on the Borrower’s website on the Internet at the website address listed in
Section 11.1; or (ii) such documents are posted on the Borrower’s behalf on an Internet or intranet website, if any, to which each Lender and the Administrative Agent have access (whether a commercial, third-party
website or whether sponsored by the Administrative Agent). Notwithstanding anything contained herein, in every instance the Borrower shall be required to provide paper copies of the Officer’s Compliance Certificates required by
Section 7.2 to the Administrative Agent. Except for such Officer’s Compliance Certificates, the Administrative Agent shall have no obligation to request the delivery or to maintain copies of the documents referred to
above, and in any event shall have no responsibility to monitor compliance by the Borrower with any such request for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents.

 The Borrower hereby acknowledges that the Administrative Agent and/or the Arranger will make available to the Lenders and the Issuing Lenders materials
and/or information provided by or on behalf of the Borrower hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on the Platform . 

SECTION 7.3    Notice of Litigation and Other Matters. Promptly (but in no event later than ten (10) days
after any Responsible Officer of any Credit Party obtains knowledge thereof) notify the Administrative Agent in writing of (which shall promptly make such information available to the Lenders in accordance with its customary practice): 

(a)    the occurrence of any Default or Event of Default; 

(b)    the commencement of all proceedings and investigations by or before any Governmental Authority and all actions and
proceedings in any court or before any arbitrator against or involving any Credit Party or any Subsidiary thereof or any of their respective properties, assets or businesses in each case that if adversely determined could reasonably be expected to
result in a Material Adverse Effect; 

  
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 (c)    any notice of any violation received by any Credit Party or any
Subsidiary thereof from any Governmental Authority including, without limitation, any notice of violation of Environmental Laws which in any such case could reasonably be expected to have a Material Adverse Effect; 

(d)    any labor controversy that has resulted in, or threatens to result in, a strike or other work action against any
Credit Party or any Subsidiary thereof; 
 (e)    any attachment, judgment, lien, levy or order exceeding the Threshold
Amount that may be assessed against or threatened against any Credit Party or any Subsidiary thereof; 
 (f)    any
event which constitutes or which with the passage of time or giving of notice or both would constitute a default or event of default under any Material Contract to which the Borrower or any of its Subsidiaries is a party or by which the Borrower or
any Subsidiary thereof or any of their respective properties may be bound which could reasonably be expected to have a Material Adverse Effect; 

(g)    (i) any unfavorable determination letter from the IRS regarding the qualification of an Employee Benefit Plan
under Section 401(a) of the Code (along with a copy thereof), (ii) all notices received by any Credit Party or any ERISA Affiliate of the PBGC’s intent to terminate any Pension Plan or to have a trustee appointed to administer any
Pension Plan, (iii) all notices received by any Credit Party or any ERISA Affiliate from a Multiemployer Plan sponsor concerning the imposition or amount of withdrawal liability pursuant to Section 4202 of ERISA and (iv) the Borrower
obtaining knowledge or reason to know that any Credit Party or any ERISA Affiliate has filed or intends to file a notice of intent to terminate any Pension Plan under a distress termination within the meaning of Section 4041(c) of ERISA; and

 (h)    any event which makes any of the representations set forth in Article VI that is subject to materiality
or Material Adverse Effect qualifications inaccurate in any respect or any event which makes any of the representations set forth in Article VI that is not subject to materiality or Material Adverse Effect qualifications inaccurate in any
material respect. 
 Each notice pursuant to Section 7.3 shall be accompanied by a statement of a Responsible Officer of the
Borrower setting forth details of the occurrence referred to therein and stating what action the Borrower has taken and proposes to take with respect thereto. Each notice pursuant to Section 7.3(a) shall describe with
particularity any and all provisions of this Agreement and any other Loan Document that have been breached. 
 SECTION
7.4    Preservation of Corporate Existence and Related Matters. Except as permitted by Section 8.4, preserve and maintain its separate corporate existence or equivalent form and all rights,
franchises, licenses and privileges necessary to the conduct of its business, and qualify and remain qualified as a foreign corporation or other entity and authorized to do business in each jurisdiction in which the failure to so qualify could
reasonably be expected to have a Material Adverse Effect. 
 SECTION 7.5    Maintenance of Property and Licenses.

 (a)    In addition to the requirements of any of the Security Documents, protect and preserve all Properties necessary
in and material to its business, including copyrights, patents, trade names, service marks and trademarks; maintain in good working order and condition, ordinary wear and tear excepted, all buildings, equipment and other tangible real and personal
property; and from time to time make or cause to be made all repairs, renewals and replacements thereof and additions to such Property necessary for the conduct of its business, so that the business carried on in connection therewith may be
conducted in a commercially reasonable manner, in each case except as such action or inaction could not reasonably be expected to result in a Material Adverse Effect. 

  
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 (b)    Maintain, in full force and effect in all material respects, each
and every license, permit, certification, qualification, approval or franchise issued by any Governmental Authority required for each of them to conduct their respective businesses as presently conducted, except where the failure to do so could not
reasonably be expected to have a Material Adverse Effect. 
 SECTION 7.6    Insurance. Maintain insurance with
financially sound and reputable insurance companies against at least such risks and in at least such amounts as are customarily maintained by similar businesses and as may be required by Applicable Law (including, without limitation, hazard and
business interruption insurance). All such insurance shall, (a) provide that no cancellation or material modification thereof shall be effective until at least 30 days after receipt by the Administrative Agent of written notice thereof,
(b) name the Administrative Agent as an additional insured party thereunder and (c) in the case of each casualty insurance policy, name the Administrative Agent as lender’s loss payee or mortgagee, as applicable. On the Closing Date
and from time to time thereafter, deliver to the Administrative Agent upon its request information in reasonable detail as to the insurance then in effect, stating the names of the insurance companies, the amounts and rates of the insurance, the
dates of the expiration thereof and the properties and risks covered thereby. 
 SECTION 7.7    Accounting Methods
and Financial Records. Maintain a system of accounting, and keep proper books, records and accounts (which shall be accurate and complete in all material respects) as may be required or as may be necessary to permit the preparation of financial
statements in accordance with GAAP and in compliance with the regulations of any Governmental Authority having jurisdiction over it or any of its Properties. 

SECTION 7.8    Payment of Taxes and Other Obligations. Pay and perform (a) all taxes, assessments and other
governmental charges that may be levied or assessed upon it or any of its Property and (b) all other Indebtedness, obligations and liabilities in accordance with customary trade practices; provided, that the Borrower or such Subsidiary
may contest any item described in clause (a) of this Section 7.8 in good faith so long as adequate reserves are maintained with respect thereto in accordance with GAAP. 

SECTION 7.9    Compliance with Laws and Approvals. Observe and remain in compliance in all material respects with
all Applicable Laws and maintain in full force and effect all Governmental Approvals, in each case applicable to the conduct of its business except where the failure to do so could not reasonably be expected to have a Material Adverse Effect. 

SECTION 7.10    Environmental Laws. In addition to and without limiting the generality of
Section 7.9, (a) comply with, and ensure such compliance by all tenants and subtenants with all applicable Environmental Laws and obtain and comply with and maintain, and ensure that all tenants and subtenants, if any,
obtain and comply with and maintain, any and all licenses, approvals, notifications, registrations or permits required by applicable Environmental Laws and (b) conduct and complete all investigations, studies, sampling and testing, and all
remedial, removal and other actions required under Environmental Laws, and promptly comply with all lawful orders and directives of any Governmental Authority regarding Environmental Laws. 

SECTION 7.11    Compliance with ERISA. In addition to and without limiting the generality of
Section 7.9, (a) except where the failure to so comply could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, (i) comply with applicable provisions of ERISA, the
Code and the regulations and published interpretations thereunder with respect to all 

  
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Employee Benefit Plans, (ii) not take any action or fail to take action the result of which could reasonably be expected to result in a liability to the PBGC or to a Multiemployer Plan,
(iii) not participate in any prohibited transaction that could result in any civil penalty under ERISA or tax under the Code and (iv) operate each Employee Benefit Plan in such a manner that will not incur any tax liability under
Section 4980B of the Code or any liability to any qualified beneficiary as defined in Section 4980B of the Code and (b) furnish to the Administrative Agent upon the Administrative Agent’s request such additional information about
any Employee Benefit Plan as may be reasonably requested by the Administrative Agent. 
 SECTION 7.12    Compliance
with Material Contracts. Comply in all respects with, and maintain in full force and effect, each Material Contract, except as could not reasonably be expected to have a Material Adverse Effect. 

SECTION 7.13    Visits and Inspections. 

(a)    Permit representatives of the Administrative Agent (accompanied by any Lender), from time to time upon prior
reasonable notice and at such times during normal business hours, all at the expense of the Borrower, to visit and inspect its properties; inspect, audit and make extracts from its books, records and files, including, but not limited to, management
letters prepared by independent accountants; and discuss with its principal officers, and its independent accountants, its business, assets, liabilities, financial condition, results of operations and business prospects; provided that
excluding any such visits and inspections during the continuation of an Event of Default, the Administrative Agent shall not exercise such rights more often than two (2) times during any calendar year at the Borrower’s expense;
provided further that upon the occurrence and during the continuance of an Event of Default, the Administrative Agent or any Lender may do any of the foregoing at the expense of the Borrower at any time without advance notice. 

(b)    Within thirty (30) days after the Closing Date, deliver to the Administrative Agent an independent third party
collateral exam of all of the Credit Parties’ accounts receivable that is used in calculation of the Borrowing Base and related report setting forth results of the same, in form and substance satisfactory to the Administrative Agent. 

(c)    At the Administrative Agent’s request, engage, at the Borrower’s expense, an independent third party
collateral exam of all of the Credit Parties’ accounts receivable that is used in calculation of the Borrowing Base and deliver a report in form and substance satisfactory to the Administrative Agent setting forth results of the same;
provided that so long as no Default has occurred and is continuing, requests under this Section 7.13(c) shall not be made more than once in any twelve month period. 

SECTION 7.14    Additional Subsidiaries. 

(a)    Additional Domestic Subsidiaries. Promptly notify the Administrative Agent of the creation or acquisition of
any Domestic Subsidiary and, within thirty (30) days after such creation or acquisition, as such time period may be extended by the Administrative Agent in its sole discretion, cause such Domestic Subsidiary (other than any Excluded
Subsidiary) to (i) become a Subsidiary Guarantor by delivering to the Administrative Agent a duly executed supplement to the Guaranty Agreement or such other document as the Administrative Agent shall deem appropriate for such purpose,
(ii) grant a security interest in all Collateral (subject to the exceptions specified in the Collateral Agreement) owned by such Domestic Subsidiary by delivering to the Administrative Agent a duly executed supplement to each applicable
Security Document or such other document as the Administrative Agent shall deem appropriate for such purpose and comply with the terms of each applicable Security Document, 

  
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(iii) deliver to the Administrative Agent such opinions, documents and certificates referred to in Section 5.1 as may be reasonably requested by the Administrative
Agent, (iv) if such Equity Interests are certificated, deliver to the Administrative Agent such original certificated Equity Interests or other certificates and stock or other transfer powers evidencing the Equity Interests of such Person,
(v) deliver to the Administrative Agent such updated Schedules to the Loan Documents as requested by the Administrative Agent with respect to such Domestic Subsidiary, and (vi) deliver to the Administrative Agent such other documents as
may be reasonably requested by the Administrative Agent, all in form, content and scope reasonably satisfactory to the Administrative Agent. 

(b)    Additional Foreign Subsidiaries. Notify the Administrative Agent promptly after any Person becomes a First
Tier Foreign Subsidiary, and at the request of the Administrative Agent, promptly thereafter (and, in any event, within forty five (45) days after such request, as such time period may be extended by the Administrative Agent in its sole
discretion), cause (i) the applicable Credit Party to deliver to the Administrative Agent a Foreign Pledge Agreement pledging sixty-five percent (65%) of the total outstanding voting Equity Interests (and
one hundred percent (100%) of the non-voting Equity Interests) of any such new First Tier Foreign Subsidiary and a consent thereto executed by such new First Tier Foreign Subsidiary (including, without
limitation, if applicable, original certificated Equity Interests (or the equivalent thereof pursuant to the Applicable Laws and practices of any relevant foreign jurisdiction) evidencing the Equity Interests of such new First Tier Foreign
Subsidiary, together with an appropriate undated stock or other transfer power for each certificate duly executed in blank by the registered owner thereof), (ii) such Person to deliver to the Administrative Agent such opinions, documents and
certificates referred to in Section 6.1 as may be reasonably requested by the Administrative Agent, (iii) such Person to deliver to the Administrative Agent such updated Schedules to the Loan Documents as requested by
the Administrative Agent with regard to such Person and (iv) such Person to deliver to the Administrative Agent such other documents as may be reasonably requested by the Administrative Agent, all in form, content and scope reasonably
satisfactory to the Administrative Agent. Notwithstanding the foregoing, the foregoing provisions shall not apply to the Borrower’s covenants with respect to Anaplan UK set forth in Section 7.19. 

(c)    Merger Subsidiaries. Notwithstanding the foregoing, to the extent any new Subsidiary is created solely for
the purpose of consummating a merger transaction pursuant to a Permitted Acquisition, and such new Subsidiary at no time holds any assets or liabilities other than any merger consideration contributed to it contemporaneously with the closing of such
merger transaction, such new Subsidiary shall not be required to take the actions set forth in Section 7.14(a) or (b), as applicable, until the consummation of such Permitted Acquisition (at which time, the surviving
entity of the respective merger transaction shall be required to so comply with Section 7.14(a) or (b), as applicable, within ten (10) Business Days of the consummation of such Permitted Acquisition, as such
time period may be extended by the Administrative Agent in its sole discretion). 
 (d)    Exclusions. The
provisions of this Section 7.14 shall not apply to Excluded Assets (as defined in the Collateral Agreement) or any assets as to which the Administrative Agent and the Borrower shall reasonably determine that the costs and
burdens of obtaining a security interest therein or perfection thereof outweigh the value of the security afforded thereby.  

SECTION 7.15    Maintenance of Accounts. Within 90 days after the Closing Date (as such period may be extended by
the Administrative Agent in its sole discretion), (i) maintain the Administrative Agent or one of its Affiliates as its principal depository bank (including business, cash management, operating and administrative deposit accounts) and
(ii) maintain not less than 66% of all cash balances of the Credit Parties with Wells Fargo, Comerica Bank and their respective Affiliates. 

  
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 SECTION 7.16    Use of Proceeds. 

(a)    The Borrower shall use the proceeds of the Extensions of Credit (i) to finance Capital Expenditures,
(ii) pay fees, commissions and expenses in connection with the Transactions, and (iii) for working capital and general corporate purposes of the Borrower and its Subsidiaries. 

(b)    The Borrower shall use the proceeds of any Incremental Revolving Credit Increase as permitted pursuant to
Section 4.11, as applicable. 
 (c)    The Borrower will not request any Extension of Credit,
and the Borrower shall not use, and shall ensure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Extension of Credit, directly or indirectly, (i) in furtherance of
an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (ii) for the purpose of funding, financing or facilitating any activities,
business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, or (iii) in any manner that would result in the violation of any Sanctions applicable to any party hereto. 

SECTION 7.17    Compliance with Anti-Corruption Laws; Anti-Money Laundering Laws and Sanctions. The Borrower will
maintain in effect and enforce policies and procedures designed to ensure compliance by the Borrower, its Subsidiaries and their respective directors, officers, employees and agents with all Anti-Corruption Laws, Anti-Money Laundering Laws and
applicable Sanctions. 
 SECTION 7.18    Further Assurances. Execute any and all further documents, financing
statements, agreements and instruments, and take all such further actions (including the filing and recording of financing statements and other documents), which may be required under any Applicable Law, or which the Administrative Agent or the
Required Lenders may reasonably request, to effectuate the transactions contemplated by the Loan Documents or to grant, preserve, protect or perfect the Liens created or intended to be created by the Security Documents or the validity or priority of
any such Lien, all at the expense of the Credit Parties. The Borrower also agrees to provide to the Administrative Agent, from time to time upon the reasonable request by the Administrative Agent, evidence reasonably satisfactory to the
Administrative Agent as to the perfection and priority of the Liens created or intended to be created by the Security Documents. 
 SECTION
7.19    Post-Closing Covenants. No later than the dates set forth on Schedule 7.19 (as such date may be extended by the Administrative Agent in its sole discretion) the Borrower will cause the actions
set forth on such schedule to be taken. The parties acknowledge and agree that notwithstanding anything herein to the contrary, all conditions, representations, warranties and covenants of the Loan Documents with respect to the taking of such
actions are qualified by the noncompletion of such actions until such time as they are completed or required to be completed in accordance with this Section 7.19. 

ARTICLE VIII 
 NEGATIVE COVENANTS

 Until all of the Obligations (other than contingent, indemnification obligations not then due) have been paid and satisfied in full in
cash, all Letters of Credit have been terminated or expired (or been Cash Collateralized) and the Revolving Credit Commitment terminated, the Credit Parties will not, and will not permit any of their respective Subsidiaries to. 

  
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 SECTION 8.1    Indebtedness. Create, incur, assume or suffer to
exist any Indebtedness except: 
 (a)    the Obligations; 

(b)    Indebtedness (i) owing under Hedge Agreements entered into in the ordinary course of business and not for
speculative purposes and (ii) owing under Secured Cash Management Agreements; 
 (c)    Indebtedness existing on
the Closing Date and listed on Schedule 8.1 and Permitted Refinancings thereof; 
 (d)    Capital Lease
Obligations and Indebtedness incurred in connection with purchase money Indebtedness in an aggregate amount not to exceed $30,000,000 at any time outstanding; 

(e)    [Reserved]; 

(f)    Guarantees with respect to Indebtedness permitted to be incurred by Credit Parties pursuant to this
Section 8.1; 
 (g)    unsecured intercompany Indebtedness: 

(i)     owed by any Credit Party to another Credit Party; 

(ii)     owed by any Credit Party to any Non-Guarantor
Subsidiary (provided that such Indebtedness shall be subordinated to the Obligations in a manner reasonably satisfactory to the Administrative Agent); 

(iii)    owed by any Non-Guarantor Subsidiary to any other Non-Guarantor Subsidiary; and 
 (iv)     owed by any Non-Guarantor Subsidiary to any Credit Party to the extent permitted pursuant to Section 8.3(a)(vi); 

(h)    Indebtedness arising from the honoring by a bank or other financial institution of a check, draft or other similar
instrument drawn against insufficient funds in the ordinary course of business; 
 (i)    Subordinated Indebtedness of
the Borrower and its Subsidiaries; provided, that in the case of each incurrence of such Subordinated Indebtedness, (i) no Default or Event of Default shall have occurred and be continuing or would be caused by the incurrence of such
Subordinated Indebtedness and (ii) the Administrative Agent shall have received satisfactory written evidence that the Borrower would be in compliance with the financial covenants set forth in Section 8.13 on a pro
forma basis after giving effect to the issuance of any such Subordinated Indebtedness; 
 (j)    In addition to all
other Indebtedness permitted hereunder (including pursuant to Section 8.1(d) above), additional Indebtedness of Foreign Subsidiaries that are not Credit Parties in an aggregate principal amount not to exceed $2,000,000 at any time outstanding

 (k)    Indebtedness under performance bonds, surety bonds, release, appeal and similar bonds, statutory obligations
or with respect to workers’ compensation claims, in each case incurred in the ordinary course of business, and reimbursement obligations in respect of any of the foregoing; and 

  
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 (l)    Indebtedness of any Credit Party or any Subsidiary thereof not
otherwise permitted pursuant to this Section 8.1 in an aggregate principal amount not to exceed the Threshold Amount at any time outstanding. 

SECTION 8.2    Liens. Create, incur, assume or suffer to exist, any Lien on or with respect to any of its Property,
whether now owned or hereafter acquired, except: 
 (a)    Liens created pursuant to the Loan Documents (including,
without limitation, Liens in favor of the Issuing Lenders on Cash Collateral granted pursuant to the Loan Documents); 

(b)    Liens in existence on the Closing Date and described on Schedule 8.2, and the replacement, renewal or
extension thereof (including Liens incurred, assumed or suffered to exist in connection with any Permitted Refinancing of such Indebtedness pursuant to Section 8.1(c) (solely to the extent that such Liens were in existence
on the Closing Date and described on Schedule 8.2)); provided that the scope of any such Lien shall not be increased, or otherwise expanded, to cover any additional property or type of asset, as applicable, beyond that in existence on
the Closing Date, except for products and proceeds of the foregoing; 
 (c)    Liens for taxes, assessments and other
governmental charges or levies (excluding any Lien imposed pursuant to any of the provisions of ERISA or Environmental Laws) (i) not yet due or as to which the period of grace (not to exceed thirty (30) days), if any, related thereto has
not expired or (ii) which are being contested in good faith and by appropriate proceedings if adequate reserves are maintained to the extent required by GAAP; 

(d)    the claims of materialmen, mechanics, carriers, warehousemen, processors or landlords for labor, materials,
supplies or rentals incurred in the ordinary course of business, which (i) are not overdue for a period of more than thirty (30) days, or if more than thirty (30) days overdue, no action has been taken to enforce such Liens and such
Liens are being contested in good faith and by appropriate proceedings if adequate reserves are maintained to the extent required by GAAP and (ii) do not, individually or in the aggregate, materially impair the use thereof in the operation of
the business of the Borrower or any of its Subsidiaries; 
 (e)    deposits or pledges made in the ordinary course of
business in connection with, or to secure payment of, obligations under workers’ compensation, unemployment insurance and other types of social security or similar legislation, or to secure the performance of bids, trade contracts and leases
(other than Indebtedness), statutory obligations, surety bonds (other than bonds related to judgments or litigation), performance bonds and other obligations of a like nature incurred in the ordinary course of business, in each case, so long as no
foreclosure sale or similar proceeding has been commenced with respect to any portion of the Collateral on account thereof; 

(f)    encumbrances in the nature of zoning restrictions, easements and rights or restrictions of record on the use of
real property, which in the aggregate are not substantial in amount and which do not, in any case, detract from the value of such property or impair the use thereof in the ordinary conduct of business; 

(g)    Liens arising from the filing of precautionary UCC financing statements relating solely to personal property leased
pursuant to operating leases entered into in the ordinary course of business of the Borrower and its Subsidiaries; 

(h)    Liens securing Indebtedness permitted under Section 8.1(d); provided that
(i) such Liens shall be created substantially simultaneously with the acquisition, repair, construction, improvement or 

  
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lease, as applicable, of the related Property, (ii) such Liens do not at any time encumber any property other than the Property financed or improved by such Indebtedness, (iii) the
amount of Indebtedness secured thereby is not increased and (iv) the principal amount of Indebtedness secured by any such Lien shall at no time exceed one hundred percent (100%) of the original price for the purchase, repair, construction,
improvement or lease amount (as applicable) of such Property at the time of purchase, repair, construction, improvement or lease (as applicable); 

(i)    Liens securing judgments for the payment of money not constituting an Event of Default under
Section 9.1(m) or securing appeal or other surety bonds relating to such judgments; 

(j)    (i) Liens on Property (i) of any Subsidiary which are in existence at the time that such Subsidiary is
acquired pursuant to a Permitted Acquisition and (ii) of the Borrower or any of its Subsidiaries existing at the time such tangible property or tangible assets are purchased or otherwise acquired by the Borrower or such Subsidiary thereof
pursuant to a transaction permitted pursuant to this Agreement; provided that, with respect to each of the foregoing clauses (i) and (ii), (A) such Liens are not incurred in connection with, or in anticipation of, such Permitted
Acquisition, purchase or other acquisition, (B) such Liens are applicable only to specific Property, (C) such Liens are not “blanket” or all asset Liens and (D) such Liens do not attach to any other Property of the Borrower
or any of its Subsidiaries; 
 (k)    Liens on assets of Foreign Subsidiaries that are not Credit Parties;
provided that (i) such Liens do not extend to, or encumber, assets that constitute Collateral or the Equity Interests of the Borrower, and (ii) such Liens extending to the assets of any Foreign Subsidiary secure only Indebtedness
incurred by such Foreign Subsidiary pursuant to Section 8.1(c), (e) or (j); 

(l)    (i) Liens of a collecting bank arising in the ordinary course of business under
Section 4-210 of the Uniform Commercial Code in effect in the relevant jurisdiction and (ii) Liens of any depositary bank in connection with statutory, common law and contractual rights of setoff and
recoupment with respect to any deposit account of the Borrower or any Subsidiary thereof; 
 (m)    (i) contractual
or statutory Liens of landlords to the extent relating to the property and assets relating to any lease agreements with such landlord, and (ii) contractual Liens of suppliers (including sellers of goods) or customers granted in the ordinary
course of business to the extent limited to the property or assets relating to such contract; 
 (n)    any interest or
title of a licensor, sublicensor, lessor or sublessor with respect to any assets under any license or lease agreement entered into in the ordinary course of business which do not (i) interfere in any material respect with the business of the
Borrower or its Subsidiaries or materially detract from the value of the relevant assets of the Borrower or its Subsidiaries or (ii) secure any Indebtedness; and 

(o)    Liens not otherwise permitted hereunder on assets securing Indebtedness or other obligations in the aggregate
principal amount not to exceed the Threshold Amount at any time outstanding; 
 provided that that in no event shall any Credit Party or any
Subsidiary thereof create, incur, assume or suffer to exist, any Lien on or with respect to such Credit Party’s or Subsidiary’s ownership or rights to use any Intellectual Property other than
(x) non-exclusive licenses of patents, trademarks, copyrights, and other intellectual property rights in the ordinary course of business, (y) Permitted Liens under
Section 8.2(h) to the extent the applicable Lien encumbers “imbedded software” in the equipment or similar rights or licenses in Intellectual Property, (y) exclusive licenses in foreign jurisdictions of
trademarks, copyrights, and other intellectual property rights in a manner consistent with past practice and (z) Permitted Liens under Section 8.2(c) that are “blanket” or all assets Liens. 

  
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 SECTION 8.3    Investments. Make any Investment, except: 

(a)    (i) Investments existing on the Closing Date in Subsidiaries existing on the Closing Date; 

(ii)     Investments existing on the Closing Date (other than Investments in Subsidiaries existing on
the Closing Date) and described on Schedule 8.3; 
 (iii)     Investments made after the
Closing Date by any Credit Party in any other Credit Party; 
 (iv)    Investments made after the Closing
Date by any Non-Guarantor Subsidiary in any other Non-Guarantor Subsidiary; 

(v)    Investments made after the Closing Date by any Non-Guarantor
Subsidiary in any Credit Party; and 
 (vi)    Investments made after the Closing Date by any
Credit Party in any Non-Guarantor Subsidiary to fund the operations of such Non-Guarantor Subsidiary in the ordinary course of business provided that, at the time of
such Investment, (i) no Default or Event of Default then exists hereunder and (ii) Borrower is in proforma compliance with the financial covenants and ratios set forth in Section 8.13 hereof;; 

(b)    Investments in cash and Cash Equivalents; 

(c)    Investments by the Borrower or any of its Subsidiaries consisting of Capital Expenditures permitted by this
Agreement; 
 (d)    deposits made in the ordinary course of business to secure the performance of leases or other
obligations as permitted by Section 8.2; 
 (e)    Hedge Agreements permitted pursuant to
Section 8.1; 
 (f)    purchases of assets in the ordinary course of business; 

(g)    Investments by the Borrower or any Subsidiary thereof in the form of Permitted Acquisitions to the extent
that any Person or Property acquired in such Acquisition becomes a part of the Borrower or a Subsidiary Guarantor or becomes (whether or not such Person is a Wholly-Owned Subsidiary) a Subsidiary Guarantor in the manner contemplated by
Section 7.14; 
 (h)    Investments in the form of loans and advances to officers, directors
and employees in the ordinary course of business in an aggregate amount not to exceed at any time outstanding $2,500,000 (determined without regard to any write-downs or write-offs of such loans or advances); 

(i)    Investments in the form of Restricted Payments permitted pursuant to Section 8.6; 

(j)    Guarantees permitted pursuant to Section 8.1; 

  
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 (k)    Investments in joint ventures; provided, that the
aggregate amount of all such Investments shall not at any time exceed $5,000,000; and 
 (l)    Investments not
otherwise permitted pursuant to this Section 8.3 in an aggregate amount not to exceed the Threshold Amount at any time outstanding; provided that, immediately before and immediately after giving pro forma effect to
any such Investments and any Indebtedness incurred in connection therewith, no Default or Event of Default shall have occurred and be continuing. 
 For
purposes of determining the amount of any Investment outstanding for purposes of this Section 8.3, such amount shall be deemed to be the amount of such Investment when made, purchased or acquired (without adjustment for
subsequent increases or decreases in the value of such Investment) less any amount realized in respect of such Investment upon the sale, collection or return of capital (not to exceed the original amount invested). 

SECTION 8.4    Fundamental Changes. Merge, consolidate or enter into any similar combination with, or enter into
any Asset Disposition of all or substantially all of its assets (whether in a single transaction or a series of transactions) with, any other Person or liquidate, wind-up or dissolve itself (or suffer any
liquidation or dissolution) except: 
 (a)    (i) any Wholly-Owned Subsidiary of the Borrower may be merged,
amalgamated or consolidated with or into the Borrower (provided that the Borrower shall be the continuing or surviving entity) or (ii) any Wholly-Owned Subsidiary of the Borrower may be merged, amalgamated or consolidated with or into
any Subsidiary Guarantor (provided that the Subsidiary Guarantor shall be the continuing or surviving entity or simultaneously with such transaction, the continuing or surviving entity shall become a Subsidiary Guarantor and the Borrower
shall comply with Section 7.14 in connection therewith); 
 (b)    (i) any Non-Guarantor Subsidiary that is a Foreign Subsidiary may be merged, amalgamated or consolidated with or into, or be liquidated into, any other Non-Guarantor Subsidiary and
(ii) any Non-Guarantor Subsidiary that is a Domestic Subsidiary may be merged, amalgamated or consolidated with or into, or be liquidated into, any other
Non-Guarantor Subsidiary that is a Domestic Subsidiary; 
 (c)    any Subsidiary
may dispose of all or substantially all of its assets (upon voluntary liquidation, dissolution, winding up or otherwise) to the Borrower or any Subsidiary Guarantor; provided that, with respect to any such disposition by any Non-Guarantor Subsidiary, the consideration for such disposition shall not exceed the fair value of such assets; 

(d)    (i) any Non-Guarantor Subsidiary that is a Foreign Subsidiary may
dispose of all or substantially all of its assets (upon voluntary liquidation, dissolution, winding up or otherwise) to any other Non-Guarantor Subsidiary and (ii) any
Non-Guarantor Subsidiary that is a Domestic Subsidiary may dispose of all or substantially all of its assets (upon voluntary liquidation, dissolution, winding up or otherwise) to any other Non-Guarantor Subsidiary that is a Domestic Subsidiary; 
 (e)    Asset Dispositions
permitted by Section 8.5 (other than clause (b) thereof); 
 (f)    any Wholly-Owned
Subsidiary of the Borrower may merge with or into the Person such Wholly-Owned Subsidiary was formed to acquire in connection with any acquisition permitted hereunder (including, without limitation, any Permitted Acquisition permitted pursuant to
Section 8.3(g)); provided that in the case of any merger involving a Wholly-Owned Subsidiary that is a Domestic Subsidiary, (i) a Subsidiary Guarantor shall be the continuing or surviving entity or
(ii) simultaneously with such transaction, the continuing or surviving entity shall become a Subsidiary Guarantor and the Borrower shall comply with Section 7.14 in connection therewith; 

  
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 (g)    any Person may merge into the Borrower or any of its Wholly-Owned
Subsidiaries in connection with a Permitted Acquisition permitted pursuant to Section 8.3(g); provided that (i) in the case of a merger involving the Borrower or a Subsidiary Guarantor, the continuing or
surviving Person shall be the Borrower or such Subsidiary Guarantor and (ii) the continuing or surviving Person shall be the Borrower or a Wholly-Owned Subsidiary of the Borrower; and 

(h)    Borrower may consummate a recapitalization or reclassification of its Equity Interests in connection with a
Qualifying IPO. 
 SECTION 8.5    Asset Dispositions. Make any Asset Disposition except: 

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

(b)    the transfer of assets to the Borrower or any Subsidiary Guarantor pursuant to any other transaction permitted
pursuant to Section 8.4; 
 (c)    the write-off,
discount, sale or other disposition of defaulted or past-due receivables and similar obligations in the ordinary course of business and not undertaken as part of an accounts receivable financing transaction;

 (d)    the disposition of any Hedge Agreement; 

(e)    dispositions of Investments in cash and Cash Equivalents; 

(f)    the transfer by any Credit Party of its assets to any other Credit Party; 

(g)    the transfer by any Non-Guarantor Subsidiary of its assets to any Credit
Party (provided that in connection with any new transfer, such Credit Party shall not pay more than an amount equal to the fair value of such assets as determined in good faith at the time of such transfer); 

(h)    the transfer by any Non-Guarantor Subsidiary of its assets to any other Non-Guarantor Subsidiary; 
 (i)    the sale of obsolete, worn-out or surplus assets no longer used or usable in the business of the Borrower or any of its Subsidiaries; 

(j)    non-exclusive licenses and sublicenses of intellectual property rights in
the ordinary course of business not interfering, individually or in the aggregate, in any material respect with the conduct of the business of the Borrower and its Subsidiaries; 

(k)    leases, subleases, licenses or sublicenses of real or personal property granted by the Borrower or any of its
Subsidiaries to others in the ordinary course of business not detracting from the value of such real or personal property or interfering in any material respect with the business of the Borrower or any of its Subsidiaries; 

(l)    Asset Dispositions in connection with Insurance and Condemnation Events; and 

(m)    Asset Dispositions not otherwise permitted pursuant to this Section 8.5; provided
that (i) at the time of such Asset Disposition, no Default or Event of Default shall exist or would result from such Asset Disposition and (ii) such Asset Disposition is made for fair market value and the consideration received shall be no
less than 75% in cash. 

  
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 SECTION 8.6    Restricted Payments. Declare or pay any Restricted
Payments; provided that: 
 (a)    so long as no Default or Event of Default has occurred and is continuing or
would result therefrom, the Borrower or any of its Subsidiaries may pay dividends in shares of its own Qualified Equity Interests; 

(b)    any Subsidiary of the Borrower may pay cash dividends to the Borrower or any Subsidiary Guarantor; 

(c)    (i) any Non-Guarantor Subsidiary that is a Domestic Subsidiary may
make Restricted Payments to any other Non-Guarantor Subsidiary that is a Domestic Subsidiary (and, if applicable, to other holders of its outstanding Equity Interests on a ratable basis) and (ii) any Non-Guarantor Subsidiary that is a Foreign Subsidiary may make Restricted Payments to any other Non-Guarantor Subsidiary (and, if applicable, to other holders of its
outstanding Equity Interests on a ratable basis); and 
 (d)    the Borrower may make Restricted Payments on its Equity
Interests (i) in an aggregate amount not to exceed $5,000,000 in any Fiscal Year to repurchase, redeem or otherwise acquire Equity Interests of the Borrower from present or former officers, employees or directors (and their beneficiaries) in
connection with the death, disability or termination of employment of any such officer, employee or director and (ii) in an aggregate amount not to exceed $5,000,000 in any Fiscal Year to repurchase, redeem or otherwise acquire Equity Interests
of the Borrower from present or former employees (but excluding officers and executives), pursuant to the Borrower’s ordinary course bonus and incentive compensation plans; provided that, in each case, all the following conditions shall
be met as of the date of such repurchase: (A) such repurchase does not and will not result in a violation of any of the regulations of the Federal Reserve Board, including Regulations T, U and X, (B) the actions of the Borrower in
connection with any such Restricted Payment and any and all transactions entered into or consummated by the Borrower in connection with such Restricted Payment (including the purchase of the Equity Interests of the Borrower) will be and have been
consummated in accordance with Applicable Law (including the General Corporation Law of the State of Delaware and federal securities laws) and (C) no Default or Event of Default has occurred and is continuing or would result therefrom. 

SECTION 8.7    Transactions with Affiliates. Directly or indirectly enter into any transaction, including, without
limitation, any purchase, sale, lease or exchange of Property, the rendering of any service or the payment of any management, advisory or similar fees, with (a) any officer, director, holder of any Equity Interests in, or other Affiliate of,
the Borrower or any of its Subsidiaries or (b) any Affiliate of any such officer, director or holder, other than: 

(i)    transactions permitted by Sections 8.1, 8.3, 8.4, 8.5, and 8.6;

 (ii)    transactions existing on the Closing Date and described on Schedule 8.7; 

(iii)    transactions among Credit Parties not prohibited hereunder; 

(iv)    other transactions in the ordinary course of business on terms as favorable as would be obtained by
it on a comparable arm’s-length transaction with an independent, unrelated third party as determined in good faith by the board of directors (or equivalent governing body) of the Borrower; 

  
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 (v)    employment and severance arrangements (including
equity incentive plans and employee benefit plans and arrangements) with their respective officers and employees in the ordinary course of business; and 

(vi)    payment of customary fees and reasonable out of pocket costs to, and indemnities for the benefit
of, directors, officers and employees of the Borrower and its Subsidiaries in the ordinary course of business to the extent attributable to the ownership or operation of the Borrower and its Subsidiaries. 

SECTION 8.8    Accounting Changes; Organizational Documents. 

(a)    Change its Fiscal Year end, or make (without the consent of the Administrative Agent) any material change in its
accounting treatment and reporting practices except as required by GAAP. 
 (b)    Amend, modify or change its articles
of incorporation (or corporate charter or other similar organizational documents) or amend, modify or change its bylaws (or other similar documents) in any manner materially adverse to the rights or interests of the Administrative Agent or the
Lenders. 
 SECTION 8.9    Payments and Modifications of Subordinated Indebtedness. 

(a)    Amend, modify, waive or supplement (or permit the modification, amendment, waiver or supplement of) any of the terms
or provisions of any Subordinated Indebtedness in any respect which would materially and adversely affect the rights or interests of the Administrative Agent and Lenders hereunder or would violate the subordination terms thereof. 

(b)    Cancel, forgive, make any payment or prepayment on, or redeem or acquire for value (including, without limitation,
(x) by way of depositing with any trustee with respect thereto money or securities before due for the purpose of paying when due and (y) at the maturity thereof) any Subordinated Indebtedness, except: 

(i)    refinancings, refundings, renewals, extensions or exchange of any Subordinated Indebtedness
permitted by Section 8.1(c), (g)(ii), (i) or (l), and by any subordination provisions applicable thereto; 

(ii)    payments and prepayments of any Subordinated Indebtedness made solely with the proceeds of
Qualified Equity Interests; and 
 (iii)    the payment of interest, expenses and indemnities in respect
of Subordinated Indebtedness incurred under Section 9.1(c), (g)(ii), (i) or (l) (other than any such payments prohibited by any subordination provisions applicable thereto). 

SECTION 8.10    No Further Negative Pledges; Restrictive Agreements. 

(a)    Enter into, assume or be subject to any agreement prohibiting or otherwise restricting the creation or assumption of
any Lien upon its properties or assets, whether now owned or hereafter acquired, or requiring the grant of any security for such obligation if security is given for some other obligation, except (i) pursuant to this Agreement and the other Loan
Documents, (ii) pursuant to any document or instrument governing Indebtedness incurred pursuant to Section 8.1(d) (provided that any such restriction contained therein relates only to the asset or assets
financed thereby), (iii) customary restrictions contained in the organizational documents of any Non-Guarantor Subsidiary as of the Closing Date and (iv) customary restrictions in connection with any
Permitted Lien or any document or 

  
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instrument governing any Permitted Lien (provided that any such restriction contained therein relates only to the asset or assets subject to such Permitted Lien); provided that in
no event shall any of the documents or instruments referred to in the preceding clauses (ii)-(iv) prohibit or restrict the creation or assumption of any Lien upon any Credit Party’s or Subsidiary’s ownership or rights to use any
franchises, licenses, copyrights, copyright applications, patents, patent rights or licenses, patent applications, trademarks, trademark rights, service mark, service mark rights, trade names, trade name rights, copyrights and other rights with
respect to the foregoing. 
 (b)    Create or otherwise cause or suffer to exist or become effective any consensual
encumbrance or restriction on the ability of any Credit Party or any Subsidiary thereof to (i) pay dividends or make any other distributions to any Credit Party or any Subsidiary on its Equity Interests or with respect to any other interest or
participation in, or measured by, its profits, (ii) pay any Indebtedness or other obligation owed to any Credit Party or (iii) make loans or advances to any Credit Party, except in each case for such encumbrances or restrictions existing
under or by reason of (A) this Agreement and the other Loan Documents and (B) Applicable Law. 
 (c)    Create
or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction on the ability of any Credit Party or any Subsidiary thereof to (i) sell, lease or transfer any of its properties or assets to any Credit Party
or (ii) act as a Credit Party pursuant to the Loan Documents or any renewals, refinancings, exchanges, refundings or extension thereof, except in each case for such encumbrances or restrictions existing under or by reason of (A) this
Agreement and the other Loan Documents, (B) Applicable Law, (C) any document or instrument governing Indebtedness incurred pursuant to Section 8.1(d) (provided that any such restriction contained therein
relates only to the asset or assets acquired in connection therewith), (D) any Permitted Lien or any document or instrument governing any Permitted Lien (provided that any such restriction contained therein relates only to the asset or
assets subject to such Permitted Lien), (E) obligations that are binding on a Subsidiary at the time such Subsidiary first becomes a Subsidiary of the Borrower, so long as such obligations are not entered into in contemplation of such Person
becoming a Subsidiary, (F) customary restrictions contained in an agreement related to the sale of Property (to the extent such sale is permitted pursuant to Section 8.5) that limit the transfer of such Property
pending the consummation of such sale, (G) customary restrictions in leases, subleases, licenses and sublicenses or asset sale agreements otherwise permitted by this Agreement so long as such restrictions relate only to the assets subject
thereto and (H) customary provisions restricting assignment of any agreement entered into in the ordinary course of business. 

SECTION 8.11    Nature of Business. Engage in any business other than the business conducted by the Borrower and
its Subsidiaries as of the Closing Date and business activities reasonably related or ancillary thereto or that are reasonable extensions thereof. 

SECTION 8.12    Sale Leasebacks. Directly or indirectly become or remain liable as lessee or as guarantor or other
surety with respect to any lease, whether an operating lease or a capital lease, of any Property (whether real, personal or mixed), whether now owned or hereafter acquired, (a) which any Credit Party or any Subsidiary thereof has sold or
transferred or is to sell or transfer to a Person which is not another Credit Party or Subsidiary of a Credit Party or (b) which any Credit Party or any Subsidiary of a Credit Party intends to use for substantially the same purpose as any other
Property that has been sold or is to be sold or transferred by such Credit Party or such Subsidiary to another Person which is not another Credit Party or Subsidiary of a Credit Party in connection with such lease. 

SECTION 8.13    Financial Covenants. 

(a)    Minimum AQR Ratio. At any time, permit the AQR Ratio to be less than 1.50 to 1.00. 

  
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 (b)    Minimum Tangible Net Worth. At any time, permit Tangible
Net Worth to be less than one Dollar ($1.00). 
 SECTION 8.14    Disposal of Subsidiary Interests. Permit any
Domestic Subsidiary to be a non-Wholly-Owned Subsidiary except as a result of or in connection with a dissolution, merger, amalgamation, consolidation or disposition permitted by
Section 8.4 or 8.5. 
 ARTICLE IX 

DEFAULT AND REMEDIES 
 SECTION
9.1    Events of Default. Each of the following shall constitute an Event of Default: 

(a)    Default in Payment of Principal of Revolving Credit Loans and Reimbursement Obligations. The Borrower shall
default in any payment of principal of any Revolving Credit Loan or Reimbursement Obligation when and as due (whether at maturity, by reason of acceleration or otherwise) or fail to provide Cash Collateral pursuant to
Section 2.5(b), Section 3.10, Section 4.12 or Section 4.13(a)(v). 

(b)    Other Payment Default. The Borrower shall default in the payment when and as due (whether at maturity, by
reason of acceleration or otherwise) of interest on any Revolving Credit Loan or Reimbursement Obligation or the payment of any other Obligation, and such default shall continue for a period of three (3) Business Days. 

(c)    Misrepresentation. Any representation, warranty, certification or statement of fact made or deemed made by
or on behalf of any Credit Party or any Subsidiary thereof in this Agreement, in any other Loan Document, or in any document delivered in connection herewith or therewith that is subject to materiality or Material Adverse Effect qualifications,
shall be incorrect or misleading in any respect when made or deemed made or any representation, warranty, certification or statement of fact made or deemed made by or on behalf of any Credit Party or any Subsidiary thereof in this Agreement, any
other Loan Document, or in any document delivered in connection herewith or therewith that is not subject to materiality or Material Adverse Effect qualifications, shall be incorrect or misleading in any material respect when made or deemed made.

 (d)    Default in Performance of Certain Covenants. Any Credit Party or any Subsidiary thereof (i) shall
default in the performance or observance of any covenant or agreement contained in Sections 7.13 (a), 7.14, 7.15, 7.16, 7.17, or Article VIII or (ii) shall fail to deliver any report, statement
or notice required pursuant to Sections 7.1, 7.2 (a), 7.3 (a) or 7.13 (b) within three (3) Business Days of when due thereunder. 

(e)    Default in Performance of Other Covenants and Conditions. Any Credit Party or any Subsidiary thereof shall
default in the performance or observance of any term, covenant, condition or agreement contained in this Agreement (other than as specifically provided for in this Section 9.1) or any other Loan Document and such default
shall continue for a period of thirty (30) days after the earlier of (i) the Administrative Agent’s delivery of written notice thereof to the Borrower and (ii) a Responsible Officer of any Credit Party having obtained knowledge
thereof. 
 (f)    Indebtedness Cross-Default. Any Credit Party or any Subsidiary thereof shall (i) default
in the payment of any Indebtedness (other than the Revolving Credit Loans or any Reimbursement Obligation) the aggregate principal amount (including undrawn committed or available amounts), or with

  
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respect to any Hedge Agreement, the Hedge Termination Value, of which is in excess of the Threshold Amount, in either case beyond the period of grace if any, provided in the instrument or
agreement under which such Indebtedness was created, or (ii) default in the observance or performance of any other agreement or condition relating to any Indebtedness (other than the Revolving Credit Loans or any Reimbursement Obligation) the
aggregate principal amount (including undrawn committed or available amounts), or with respect to any Hedge Agreement, the Hedge Termination Value, of which is in excess of the Threshold Amount or contained in any instrument or agreement evidencing,
securing or relating thereto or any other event shall occur or condition exist, the effect of which default or other event or condition is to cause, or to permit the holder or holders of such Indebtedness (or a trustee or agent on behalf of such
holder or holders) to cause, with the giving of notice and/or lapse of time, if required, any such Indebtedness to (A) become due, or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), or an offer to repurchase,
prepay, defease or redeem such Indebtedness to be made, prior to its stated maturity (any applicable grace period having expired) or (B) be cash collateralized. 

(g)    [Reserved]. 

(h)    Change in Control. Any Change in Control shall occur. 

(i)    Voluntary Bankruptcy Proceeding. Any Credit Party or any Subsidiary thereof shall (i) commence a
voluntary case under any Debtor Relief Laws, (ii) file a petition seeking to take advantage of any Debtor Relief Laws, (iii) consent to or fail to contest in a timely and appropriate manner any petition filed against it in an involuntary
case under any Debtor Relief Laws, (iv) apply for or consent to, or fail to contest in a timely and appropriate manner, the appointment of, or the taking of possession by, a receiver, custodian, trustee, or liquidator of itself or of a
substantial part of its property, domestic or foreign, (v) admit in writing its inability to pay its debts as they become due, (vi) make a general assignment for the benefit of creditors, or (vii) take any corporate action for the
purpose of authorizing any of the foregoing. 
 (j)    Involuntary Bankruptcy Proceeding. A case or other
proceeding shall be commenced against any Credit Party or any Subsidiary thereof in any court of competent jurisdiction seeking (i) relief under any Debtor Relief Laws, or (ii) the appointment of a trustee, receiver, custodian, liquidator
or the like for any Credit Party or any Subsidiary thereof or for all or any substantial part of their respective assets, domestic or foreign, and such case or proceeding shall continue without dismissal or stay for a period of sixty (60)
consecutive days, or an order granting the relief requested in such case or proceeding (including, but not limited to, an order for relief under such federal bankruptcy laws) shall be entered. 

(k)    Failure of Agreements. Any provision of this Agreement or any provision of any other Loan Document shall for
any reason cease to be valid and binding on any Credit Party or any Subsidiary thereof party thereto or any such Person shall so state in writing, or any Loan Document shall for any reason cease to create a valid and perfected first priority Lien
(subject to Permitted Liens) on, or security interest in, any of the Collateral purported to be covered thereby, in each case other than in accordance with the express terms hereof or thereof. 

(l)    ERISA Events. The occurrence of any of the following events: (i) any Credit Party or any ERISA
Affiliate fails to make full payment when due of all amounts which, under the provisions of any Pension Plan or Sections 412 or 430 of the Code, any Credit Party or any ERISA Affiliate is required to pay as contributions thereto and such unpaid
amounts are in excess of the Threshold Amount, (ii) a Termination Event or (iii) any Credit Party or any ERISA Affiliate as employers under one or more Multiemployer Plans makes a complete or partial withdrawal from any such Multiemployer
Plan and the plan sponsor of such Multiemployer Plans notifies such withdrawing employer that such employer has incurred a withdrawal liability requiring payments in an amount exceeding the Threshold Amount. 

  
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 (m)    Judgment. One or more judgments, orders or decrees shall
be entered against any Credit Party or any Subsidiary thereof by any court and continues without having been discharged, vacated or stayed for a period of thirty (30) consecutive days after the entry thereof and such judgments, orders or
decrees are either (i) for the payment of money, individually or in the aggregate (not paid or fully covered by insurance as to which the relevant insurance company has acknowledged coverage), equal to or in excess of the Threshold Amount or
(ii) for injunctive relief and could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect. 

(n)    Subordination Terms. (i) Any of the Secured Obligations for any reason shall cease to be “senior
debt,” “senior indebtedness,” “designated senior debt” or “senior secured financing” (or any comparable term) under, and as defined in, the documentation governing any Subordinated Indebtedness that is subordinated
(in terms of payment or lien priority) to the Secured Obligations, (ii) the subordination provisions set forth in the documentation for any Subordinated Indebtedness that is subordinated (in terms of payment or lien priority) to the Secured
Obligations shall, in whole or in part, cease to be effective or cease to be legally valid, binding and enforceable against the holders of any Subordinated Indebtedness, if applicable, or (iii) any Credit Party or any Subsidiary of any Credit
Party, shall assert any of the foregoing in writing. 
 SECTION 9.2    Remedies. Upon the occurrence and during
the continuance of an Event of Default, with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent shall, by notice to the Borrower: 

(a)    Acceleration; Termination of Credit Facility. Terminate the Revolving Credit Commitment and declare the
principal of and interest on the Revolving Credit Loans and the Reimbursement Obligations at the time outstanding, and all other amounts owed to the Lenders and to the Administrative Agent under this Agreement or any of the other Loan Documents and
all other Obligations, to be forthwith due and payable, whereupon the same shall immediately become due and payable without presentment, demand, protest or other notice of any kind, all of which are expressly waived by each Credit Party, anything in
this Agreement or the other Loan Documents to the contrary notwithstanding, and terminate the Credit Facility and any right of the Borrower to request borrowings or Letters of Credit thereunder; provided, that upon the occurrence of an Event
of Default specified in Section 9.1(i) or (j), the Credit Facility shall be automatically terminated and all Obligations shall automatically become due and payable without presentment, demand, protest or other notice
of any kind, all of which are expressly waived by each Credit Party, anything in this Agreement or in any other Loan Document to the contrary notwithstanding. 

(b)    Letters of Credit. With respect to all Letters of Credit with respect to which presentment for honor shall
not have occurred at the time of an acceleration pursuant to the preceding paragraph, demand that the Borrower deposit in a Cash Collateral account opened by the Administrative Agent an amount equal to the Minimum Collateral Amount. Amounts held in
such Cash Collateral account shall be applied by the Administrative Agent to the payment of drafts drawn under such Letters of Credit, and the unused portion thereof after all such Letters of Credit shall have expired or been fully drawn upon, if
any, shall be applied to repay the other Secured Obligations in accordance with Section 9.3. After all such Letters of Credit shall have expired or been fully drawn upon, the Reimbursement Obligation shall have been
satisfied and all other Secured Obligations shall have been paid in full, the balance, if any, in such Cash Collateral account shall be returned to the Borrower. 

(c)    General Remedies. Exercise on behalf of the Secured Parties all of its other rights and remedies under this
Agreement, the other Loan Documents and Applicable Law, in order to satisfy all of the Secured Obligations. 

  
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 SECTION 9.3    Rights and Remedies Cumulative; Non-Waiver; etc. 
 (a)    The enumeration of the rights and remedies of the
Administrative Agent and the Lenders set forth in this Agreement is not intended to be exhaustive and the exercise by the Administrative Agent and the Lenders of any right or remedy shall not preclude the exercise of any other rights or remedies,
all of which shall be cumulative, and shall be in addition to any other right or remedy given hereunder or under the other Loan Documents or that may now or hereafter exist at law or in equity or by suit or otherwise. No delay or failure to take
action on the part of the Administrative Agent or any Lender in exercising any right, power or privilege shall operate as a waiver thereof, nor shall any single or partial exercise of any such right, power or privilege preclude any other or further
exercise thereof or the exercise of any other right, power or privilege or shall be construed to be a waiver of any Event of Default. No course of dealing between the Borrower, the Administrative Agent and the Lenders or their respective agents or
employees shall be effective to change, modify or discharge any provision of this Agreement or any of the other Loan Documents or to constitute a waiver of any Event of Default. 

(b)    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 Credit 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 9.2 for the benefit of all the Lenders and the Issuing Lenders; provided 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 Issuing Lender from exercising the rights and remedies
that inure to its benefit (solely in its capacity as an Issuing Lender) hereunder and under the other Loan Documents, (c) any Lender from exercising setoff rights in accordance with Section 11.4 (subject to the terms
of Section 4.5), 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 Credit Party under any Debtor Relief Law; and
provided, further, that if at any time there is no Person acting as Administrative Agent hereunder and under the other Loan Documents, then (i) the Required Lenders shall have the rights otherwise ascribed to the Administrative
Agent pursuant to Section 9.2 and (ii) in addition to the matters set forth in clauses (b), (c) and (d) of the preceding proviso and subject to Section 4.5, 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 9.4    Crediting of Payments and Proceeds. In the event that the Obligations have been
accelerated pursuant to Section 9.2 or the Administrative Agent or any Lender has exercised any remedy set forth in this Agreement or any other Loan Document, all payments received on account of the Secured Obligations and
all net proceeds from the enforcement of the Secured Obligations shall, subject to the provisions of Sections 3.10, 4.12 and 4.13, be applied by the Administrative Agent as follows: 

First, to payment of that portion of the Secured Obligations constituting fees, indemnities, expenses and other amounts, including
attorney fees, payable to the Administrative Agent in its capacity as such; 
 Second, to payment of that portion of the Secured
Obligations constituting fees (other than Commitment Fees and Letter of Credit fees payable to the Revolving Credit Lenders), indemnities and other amounts (other than principal and interest) payable to the Lenders and the Issuing Lenders under the
Loan Documents, including attorney fees, ratably among the Lenders and the Issuing Lenders in proportion to the respective amounts described in this clause Second payable to them; 

  
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 Third, to payment of that portion of the Secured Obligations constituting accrued and
unpaid Commitment Fees, Letter of Credit fees payable to the Revolving Credit Lenders and interest on the Revolving Credit Loans and Reimbursement Obligations, ratably among the Lenders and the Issuing Lenders in proportion to the respective amounts
described in this clause Third payable to them; 
 Fourth, to payment of that portion of the Secured Obligations constituting
unpaid principal of the Revolving Credit Loans, Reimbursement Obligations and payment obligations then owing under Secured Hedge Agreements and Secured Cash Management Agreements, ratably among the Lenders, the Issuing Lenders, the Hedge Banks and
the Cash Management Banks in proportion to the respective amounts described in this clause Fourth payable to them; 
 Fifth,
to the Administrative Agent for the account of the Issuing Lenders, to Cash Collateralize any L/C Obligations then outstanding; and 

Last, the balance, if any, after all of the Secured Obligations have been indefeasibly paid in full, to the Borrower or as otherwise
required by Applicable Law. 
 Notwithstanding the foregoing, Secured Obligations arising under Secured Cash Management Agreements and
Secured Hedge 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 Hedge Bank, as the case may be. Each Cash Management Bank or Hedge Bank not a party to this 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 X for itself and its Affiliates as if a “Lender” party hereto. 

SECTION 9.5    Administrative Agent May File Proofs of Claim. In case of the pendency of any proceeding under any
Debtor Relief Law or any other judicial proceeding relative to any Credit Party, the Administrative Agent (irrespective of whether the principal of any Revolving Credit Loan or L/C Obligation shall then be due and payable as herein expressed or by
declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered (but not obligated) by intervention in such proceeding or otherwise: 

(a)    to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the
Revolving Credit Loans, L/C Obligations and all other Secured 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 Issuing Lenders and the
Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders, the Issuing Lenders and the Administrative Agent and their respective agents and counsel and all other amounts due the
Lenders, the Issuing Lenders and the Administrative Agent under Sections 3.3, 4.2 and 11.3) 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 or other similar official in any such judicial proceeding is hereby
authorized by each Lender and each Issuing Lender 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 and the Issuing Lenders, 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
Sections 3.3, 4.2 and 11.3. 
  

  
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 SECTION 9.6    Credit Bidding. The Administrative Agent, on
behalf of itself and the Secured Parties, shall have the right, exercisable at the discretion of the Required Lenders, to credit bid and purchase for the benefit of the Administrative Agent and the Secured Parties all or any portion of Collateral at
any sale thereof conducted by the Administrative Agent under the provisions of the UCC, including pursuant to Sections 9-610 or 9-620 of the UCC, at any sale thereof
conducted under the provisions of the United States Bankruptcy Code, including Section 363 thereof, or a sale under a plan of reorganization, or at any other sale or foreclosure conducted by the Administrative Agent (whether by judicial action
or otherwise) in accordance with Applicable Law. Such credit bid or purchase may be completed through one or more acquisition vehicles formed by the Administrative Agent to make such credit bid or purchase and, in connection therewith, the
Administrative Agent is authorized, on behalf of itself and the other Secured Parties, to adopt documents providing for the governance of the acquisition vehicle or vehicles, and assign the applicable Secured Obligations to any such acquisition
vehicle in exchange for Equity Interests and/or debt issued by the applicable acquisition vehicle (which shall be deemed to be held for the ratable account of the applicable Secured Parties on the basis of the Secured Obligations so assigned by each
Secured Party); provided that any actions by the Administrative Agent with respect to such acquisition vehicle or vehicles, including any disposition of the assets or Equity Interests thereof, shall be governed, directly or indirectly, by the
vote of the Required Lenders, irrespective of the termination of this Agreement and without giving effect to the limitations on actions by the Required Lenders contained in Section 11.2. 

SECTION 9.7    Lender Action. Each Lender hereby agrees, on behalf of itself and each of its Affiliates that is a
Secured Party, that, except as otherwise provided in any Loan Document or with the written consent of the Administrative Agent and the Required Lenders, it will not take any enforcement action, accelerate obligations under any of the Loan Documents,
or exercise any right that it might otherwise have under Applicable Law to credit bid at foreclosure sales, UCC sales or other similar dispositions of Collateral. 

ARTICLE X 
 THE ADMINISTRATIVE
AGENT 
 SECTION 10.1    Appointment and Authority. 

(a)    Each of the Lenders and each Issuing Lender hereby irrevocably appoints Wells Fargo to act on its behalf as the
Administrative Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof,
together with such actions and powers as are reasonably incidental thereto. Except as provided in Sections 10.6 and 10.9, the provisions of this Article are solely for the benefit of the Administrative Agent, the Lenders and the
Issuing Lenders, and neither the Borrower nor any Subsidiary thereof shall have rights as a third-party beneficiary of any of such provisions. 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. 

(b)    The Administrative Agent shall also act as the “collateral agent” under the Loan Documents, and
each of the Lenders (including in its capacity as a potential Hedge Bank or Cash 

  
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Management Bank) and the Issuing Lenders hereby irrevocably appoints and authorizes the Administrative Agent to act as the agent of such Lender and such Issuing Lender for purposes of acquiring,
holding and enforcing any and all Liens on Collateral granted by any of the Credit Parties to secure any of the Secured Obligations, together with such powers and discretion as are reasonably incidental thereto (including, without limitation, to
enter into additional Loan Documents or supplements to existing Loan Documents on behalf of the Secured Parties). In this connection, the Administrative Agent, as “collateral agent” and any
co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent
pursuant to this Article X for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the
Administrative Agent, shall be entitled to the benefits of all provisions of Articles X and XI (including Section 11.3, as though such co-agents, sub-agents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with
respect thereto. 
 SECTION 10.2    Rights as a Lender. The Person serving as the Administrative Agent hereunder
shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly
indicated or unless the context otherwise requires, include the Person serving as the Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, own securities of, act as the
financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder and without any duty to
account therefor to the Lenders. 
 SECTION 10.3    Exculpatory Provisions. 

(a)    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 and thereunder shall be administrative in nature. Without limiting the generality of the foregoing, the Administrative Agent: 

(i)    shall not be subject to any fiduciary or other implied duties, regardless of whether a Default or
Event of Default has occurred and is continuing; 
 (ii)    shall not have any duty to take any
discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby 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 

(iii)    shall not, except as expressly set forth herein and in the other Loan Documents, have any duty to
disclose, and shall not be liable for the failure to disclose, any information relating to the Borrower or any of its Subsidiaries or 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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 (b)    The Administrative Agent shall not 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 Section 11.2 and Section 9.2) or (ii) in the absence of its own gross negligence or willful misconduct as determined by a court of competent jurisdiction by final
nonappealable judgment. The Administrative Agent shall be deemed not to have knowledge of any Default or Event of Default unless and until notice describing such Default or Event of Default is given to the Administrative Agent by the Borrower, a
Lender or an Issuing Lender. 
 (c)    The Administrative Agent shall not be responsible for or have any duty to
ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or
thereunder or in connection herewith or therewith (including, without limitation, any report provided to it by an Issuing Lender pursuant to Section 3.9), (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 or Event of Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other
agreement, instrument or document, (v) the satisfaction of any condition set forth in Article V or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent or (vi) the
utilization of any Issuing Lender’s L/C Commitment (it being understood and agreed that each Issuing Lender shall monitor compliance with its own L/C Commitment without any further action by the Administrative Agent). 

SECTION 10.4    Reliance by the Administrative Agent. The Administrative Agent shall be entitled to rely upon, and
shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed by it
to be genuine and to have been signed, sent or otherwise authenticated by the proper Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and 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 Revolving Credit 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 an Issuing Lender, the Administrative Agent may presume that such condition is satisfactory to such Lender or such Issuing Lender unless the Administrative Agent shall have received notice to the contrary
from such Lender or such Issuing Lender prior to the making of such Revolving Credit Loan or the issuance of such Letter of Credit. The Administrative Agent may consult with legal counsel (who may be counsel for the Borrower), independent
accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. 

SECTION 10.5    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. 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 Facility 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. 

  
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 SECTION 10.6    Resignation of Administrative Agent. 

(a)    The Administrative Agent may at any time give notice of its resignation to the Lenders, the Issuing Lenders and the
Borrower. Upon receipt of any such notice of resignation, the Required Lenders shall have the right, in consultation with the Borrower, to appoint a successor, which shall be a bank with an office in the United States, or an Affiliate of any such
bank with an office in the United States. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its resignation (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 and the Issuing Lenders, appoint a
successor Administrative Agent meeting the qualifications set forth above; provided that in no event shall any such successor Administrative Agent be a Defaulting Lender. Whether or not a successor has been appointed, such resignation shall
become effective in accordance with such notice on the Resignation Effective Date. 
 (b)    If the Person serving as
Administrative Agent is a Defaulting Lender pursuant to clause (d) of the definition thereof, the Required Lenders may, to the extent permitted by Applicable Law, by notice in writing to the Borrower and such Person, remove such Person as
Administrative Agent and, in consultation with the Borrower, appoint a successor. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days (or such earlier day as shall be
agreed by the Required Lenders) (the “Removal Effective Date”), then such removal shall nonetheless become effective in accordance with such notice on the Removal Effective Date. 

(c)    With effect from the Resignation Effective Date or the Removal Effective Date (as applicable), (i) the
retiring or removed 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 Issuing Lenders under any of the Loan Documents, the retiring or removed Administrative Agent shall continue to hold such collateral security until such time as a successor Administrative Agent is appointed) and (ii) except for any
indemnity payments owed to the retiring or removed 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 Issuing
Lender directly, until such time, if any, as the Required Lenders appoint a successor Administrative Agent as provided for above. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, such successor shall succeed
to and become vested with all of the rights, powers, privileges and duties of the retiring or removed Administrative Agent (other than any rights to indemnity payments owed to the retiring or removed Administrative Agent), and the retiring or
removed Administrative Agent shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents. The fees payable by the Borrower to a successor Administrative Agent shall be the same as those payable to its
predecessor unless otherwise agreed between the Borrower and such successor. After the retiring or removed Administrative Agent’s resignation or removal hereunder and under the other Loan Documents, the provisions of this Article and
Section 11.3 shall continue in effect for the benefit of such retiring or removed 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 while the retiring or removed Administrative Agent was acting as Administrative Agent. 

(d)    Any resignation by, or removal of, Wells Fargo as Administrative Agent pursuant to this
Section 10.6 shall also constitute its resignation as an Issuing Lender. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, (i) such successor shall succeed to and become vested
with all of the rights, powers, privileges and duties of the retiring Issuing Lender, if in its sole discretion it elects to, (ii) the retiring Issuing Lender shall be discharged from all of its duties and

  
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obligations hereunder or under the other Loan Documents, and (iii) the successor Issuing Lender, if in its sole discretion it elects to, shall issue letters of credit in substitution for the
Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to the retiring Issuing Lender to effectively assume the obligations of the retiring Issuing Lender with respect to such Letters of Credit.

 SECTION 10.7    Non-Reliance on Administrative Agent and Other
Lenders. Each Lender and each Issuing Lender acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it has
deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender and each Issuing Lender also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender or
any of their Related Parties and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or
any related agreement or any document furnished hereunder or thereunder. 
 SECTION 10.8    No Other Duties, Etc.
Anything herein to the contrary notwithstanding, none of the syndication agents, documentation agents, co-agents, arrangers or bookrunners listed on the cover page hereof shall have any powers, duties or
responsibilities under this Agreement or any of the other Loan Documents, except in its capacity, as applicable, as the Administrative Agent, a Lender or an Issuing Lender hereunder. 

SECTION 10.9    Collateral and Guaranty Matters. 

(a)    Each of the Lenders (including in its or any of its Affiliate’s capacities as a potential Hedge Bank or Cash
Management Bank) irrevocably authorize the Administrative Agent, at its option and in its discretion: 

(i)    to release any Lien on any Collateral granted to or held by the Administrative Agent, for the
ratable benefit of the Secured Parties, under any Loan Document (A) upon the termination of the Revolving Credit Commitment and payment in full of all Secured Obligations (other than (1) contingent indemnification obligations and
(2) obligations and liabilities under Secured Cash Management Agreements or Secured Hedge Agreements as to which arrangements satisfactory to the applicable Cash Management Bank or Hedge Bank shall have been made) and the expiration or
termination of all Letters of Credit (other than Letters of Credit which have been Cash Collateralized or as to which other arrangements satisfactory to the Administrative Agent and the applicable Issuing Lender shall have been made), (B) that
is sold or otherwise disposed of or to be sold or otherwise disposed of as part of or in connection with any sale or other disposition to a Person other than a Credit Party permitted under the Loan Documents, or (C) if approved, authorized or
ratified in writing in accordance with Section 11.2; 
 (ii)    to subordinate
any Lien on any Collateral granted to or held by the Administrative Agent under any Loan Document to the holder of any Lien permitted pursuant to Section 8.2(h); and 

(iii)    to release any Subsidiary Guarantor from its obligations under any Loan Documents if such Person
ceases to be a Subsidiary as a result of a transaction permitted under the Loan Documents. 
 Upon request by the Administrative Agent at any time, the
Required Lenders will confirm in writing the Administrative Agent’s authority to release or subordinate its interest in particular types or items of 

  
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property, or to release any Subsidiary Guarantor from its obligations under the Guaranty Agreement pursuant to this Section 10.9. In each case as specified in this
Section 10.9, the Administrative Agent will, at the Borrower’s expense, execute and deliver to the applicable Credit Party such documents as such Credit Party may reasonably request to evidence the release of such item
of Collateral from the assignment and security interest granted under the Security Documents or to subordinate its interest in such item, or to release such Subsidiary Guarantor from its obligations under the Guaranty Agreement, in each case in
accordance with the terms of the Loan Documents and this Section 10.9. In the case of any such sale, transfer or disposal of any property constituting Collateral in a transaction constituting an Asset Disposition permitted
pursuant to Section 8.5 to a Person other than a Credit Party, the Liens created by any of the Security Documents on such property shall be automatically released without need for further action by any person. 

(b)    The Administrative Agent shall not be responsible for or have a duty to ascertain or inquire into any
representation or warranty regarding the existence, value or collectability of the Collateral, the existence, priority or perfection of the Administrative Agent’s Lien thereon, or any certificate prepared by any Credit Party in connection
therewith, nor shall the Administrative Agent be responsible or liable to the Lenders for any failure to monitor or maintain any portion of the Collateral. 

(c)    Notwithstanding anything in this Section 10.9 or any other Loan Document to the contrary,
in no event shall any Cash Collateral provided with respect to any Extended Letter of Credit be released without the prior written consent of the applicable Issuing Lender of such Extended Letter of Credit. 

SECTION 10.10    Secured Hedge Agreements and Secured Cash Management Agreements. No Cash Management Bank or Hedge
Bank that obtains the benefits of Section 9.4 or any Collateral by virtue of the provisions hereof or of any Security Document shall have any right to notice of any action or to consent to, direct or object to any action
hereunder or under any other Loan Document or otherwise in respect of the Collateral (including the release or impairment of any Collateral) other than in its capacity as a Lender and, in such case, only to the extent expressly provided in the Loan
Documents. Notwithstanding any other provision of this Article X 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, Secured Cash
Management Agreements and Secured Hedge Agreements unless the Administrative Agent has received written notice of such Secured Cash Management Agreements and Secured Hedge Agreements, together with such supporting documentation as the Administrative
Agent may request, from the applicable Cash Management Bank or Hedge Bank, as the case may be. 

  
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 ARTICLE XI 

MISCELLANEOUS 
 SECTION
11.1    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 paragraph (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: 
 If to the Borrower: 

Anaplan, Inc. 
 50 Hawthorne
Street 
 San Francisco, CA 

Attention of: Michelle Greer 

Facsimile No.: 415-202-6481 

E-mail: michelle.greer@anaplan.com 

If to Wells Fargo as 

Administrative 
 Agent: 

Wells Fargo Bank, National Association 

MAC D1109-019 

1525 West W.T. Harris Blvd. 

Charlotte, NC 28262 
 Attention
of: Syndication Agency Services 
 Telephone No.: (704) 590-2706 

Facsimile No.: (844) 879-5899 

With copies to: 
 Wells Fargo
Bank, National Association 
 121 South Market Street, 3rd Floor 

San Jose, CA 95113 
 Attention
of: Stephen Cordani 
 Telephone No.: (408) 288-2510 

E-mail: stephen.cordani@wellsfargo.com 

If to any Lender: 
 To the
address of such Lender set forth on the Register with respect to deliveries of notices and other documentation that may contain material non-public information. 

Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices 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
delivered through electronic communications to the extent provided in paragraph (b) below, shall be effective as provided in said paragraph (b). 

(b)    Electronic Communications. Notices and other communications to the Lenders and the Issuing Lenders hereunder
may be delivered or furnished by electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent, provided that the foregoing
shall not apply to notices to any Lender or any Issuing Lender pursuant to Article II or III if such Lender or such Issuing Lender, as applicable, has notified the Administrative Agent that it is incapable of receiving notices under
such Article by electronic communication. The Administrative Agent or the Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it,
provided that approval of such procedures may be limited to particular notices or communications. Unless the Administrative Agent otherwise prescribes, (i) notices and other communications sent to an
e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as 

  
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by the “return receipt requested” function, as available, return e-mail or other written acknowledgement), and (ii) notices or
communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (i) of
notification that such notice or communication is available and identifying the website address therefor; provided that, for both clauses (i) and (ii) above, if such notice, email or other communication is not sent during the normal
business hours of the recipient, such notice, email or other communication shall be deemed to have been sent at the opening of business on the next business day for the recipient. 

(c)    Administrative Agent’s Office. The Administrative Agent hereby designates its office located at the
address set forth above, or any subsequent office which shall have been specified for such purpose by written notice to the Borrower and Lenders, as the Administrative Agent’s Office referred to herein, to which payments due are to be made and
at which Revolving Credit Loans will be disbursed and Letters of Credit requested. 
 (d)    Change of Address,
Etc. Each of the Borrower, the Administrative Agent or any Issuing Lender may change its address or facsimile number for notices and other communications hereunder by notice to the other parties hereto. Any Lender may change its address or
facsimile number for notices and other communications hereunder by notice to the Borrower, the Administrative Agent and each Issuing Lender. 

(e)    Platform. 

(i)    Each Credit Party agrees that the Administrative Agent may, but shall not be obligated to, make the
Borrower Materials available to the Issuing Lenders and the other Lenders by posting the Borrower Materials on the Platform. 

(ii)    The Platform is provided “as is” and “as available.” The Agent Parties (as
defined below) do not warrant the accuracy or completeness of the Borrower Materials or the adequacy of the Platform, and expressly disclaim liability for errors or omissions in the Borrower Materials. No warranty of any kind, express, implied or
statutory, including, without limitation, any warranty of merchantability, fitness for a particular purpose, non-infringement of third-party rights or freedom from viruses or other code defects, is made by any
Agent Party in connection with the Borrower Materials or the Platform. In no event shall the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to any Credit Party, any Lender
or any other Person or entity for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of any Credit Party’s or the Administrative Agent’s transmission of communications through
the Internet (including, without limitation, the Platform), except to the extent that such losses, claims, damages, liabilities or expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from
the gross negligence or willful misconduct of such Agent Party; provided that in no event shall any Agent Party have any liability to any Credit Party, any Lender, any Issuing Lender or any other Person for indirect, special, incidental,
consequential or punitive damages, losses or expenses (as opposed to actual damages, losses or expenses). 

  
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 SECTION 11.2    Amendments, Waivers and Consents. Except as set
forth below or as specifically provided in any Loan Document, any term, covenant, agreement or condition of this Agreement or any of the other Loan Documents may be amended or waived by the Lenders, and any consent given by the Lenders, if, but only
if, such amendment, waiver or consent is in writing signed by the Required Lenders (or by the Administrative Agent with the consent of the Required Lenders) and delivered to the Administrative Agent and, in the case of an amendment, signed by the
Borrower; provided, that no amendment, waiver or consent shall: 
 (a)    without the prior written consent of
the Required Lenders, amend, modify or waive (i) Section 5.2 or any other provision of this Agreement if the effect of such amendment, modification or waiver is to require the Revolving Credit Lenders (pursuant to, in the case of any
such amendment to a provision hereof other than Section 5.2, any substantially concurrent request by the Borrower for a borrowing of Revolving Credit Loans or issuance of Letters of Credit) to make Revolving Credit Loans
when such Revolving Credit Lenders would not otherwise be required to do so or (ii) the amount of the L/C Sublimit; 

(b)    increase or extend the Revolving Credit Commitment of any Lender (or reinstate any Revolving Credit Commitment
terminated pursuant to Section 9.2) or increase the amount of Revolving Credit Loans of any Lender, in any case, without the written consent of such Lender; 

(c)    waive, extend or postpone any date fixed by this Agreement or any other Loan Document for any payment of principal,
interest, fees or other amounts due to the Lenders (or any of them) hereunder or under any other Loan Document without the written consent of each Lender directly and adversely affected thereby; 

(d)    reduce the principal of, or the rate of interest specified herein on, the Revolving Credit Loans or any
Reimbursement Obligation, or (subject to clauses (iv) and (viii) of the proviso set forth in the paragraph below) any fees or other amounts payable hereunder or under any other Loan Document without the written consent of each Lender
directly and adversely affected thereby; provided that only the consent of the Required Lenders shall be necessary (i) to waive any obligation of the Borrower to pay interest at the rate set forth in
Section 4.1(b) during the continuance of an Event of Default or (ii) to amend any financial covenant hereunder (or any defined term used therein) even if the effect of such amendment would be to reduce the rate of
interest on the Revolving Credit Loans or any L/C Obligation or to reduce any fee payable hereunder; 
 (e)    change
Section 4.5 or Section 9.4 in a manner that would alter the pro rata sharing of payments or order of application required thereby without the written consent of each Lender directly
and adversely affected thereby; 
 (f)     change any provision of this Section 11.2 or
amend the definition of “Required Lenders” or 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
hereunder, without the written consent of each Lender directly and adversely affected thereby; or 
 (g)    consent to
the assignment or transfer by any Credit Party of such Credit Party’s rights and obligations under any Loan Document to which it is a party (except as permitted pursuant to Section 8.4), in each case, without the
written consent of each Lender; or 
 (h)    release (i) all of the Subsidiary Guarantors or
(iii) Subsidiary Guarantors comprising substantially all of the credit support for the Secured Obligations, in any case, from the Guaranty Agreement (other than as authorized in Section 10.9), without the written
consent of each Lender; or 
 (i)    release all or substantially all of the Collateral or release any Security Document
(other than as authorized in Section 10.9 or as otherwise specifically permitted or contemplated in this Agreement or the applicable Security Document) without the written consent of each Lender; 

  
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 provided further, that (i) no amendment, waiver or consent shall, unless in writing and
signed by each affected Issuing Lender in addition to the Lenders required above, affect the rights or duties of such Issuing Lender under this Agreement (including, without limitation, Section 10.9(c)) or any Letter of
Credit Application relating to any Letter of Credit issued or to be issued by it; (ii) no amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent in addition to the Lenders required above, affect the rights
or duties of the Administrative Agent under this Agreement or any other Loan Document or modify Section 11.23 hereof; (iii) each Fee Letter may be amended, or rights or privileges thereunder waived, in a writing
executed only by the parties thereto, (iv) each Letter of Credit Application and each cash collateral agreement or other document entered into in connection with an Extended Letter of Credit may be amended, or rights or privileges
thereunder waived, in a writing executed only by the parties thereto; provided that a copy of such amended Letter of Credit Application, cash collateral agreement or other document, as the case may be, shall be promptly delivered to
the Administrative Agent upon such amendment or waiver and (v) the Administrative Agent and the Borrower shall be permitted to amend any provision of the Loan Documents (and such amendment shall become effective without any further action or
consent of any other party to any Loan Document) if the Administrative Agent and the Borrower shall have jointly identified an obvious error or any error, ambiguity, defect or inconsistency or omission of a technical or immaterial nature in any such
provision . Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder, except that (A) the Revolving Credit Commitment of such Lender may not
be increased or extended without the consent of such Lender, and (B) any amendment, waiver, or consent hereunder which requires the consent of all Lenders or each affected Lender that by its terms disproportionately and adversely affects any
such Defaulting Lender relative to other affected Lenders shall require the consent of such Defaulting Lender. 
 Notwithstanding anything in this Agreement
to the contrary, each Lender hereby irrevocably authorizes the Administrative Agent on its behalf, and without further consent of any Lender (but with the consent of the Borrower and the Administrative Agent), to (x) amend and restate this
Agreement if, upon giving effect to such amendment and restatement, such Lender shall no longer be a party to this Agreement (as so amended and restated), the Revolving Credit Commitment of such Lender shall have terminated, such Lender shall have
no other commitment or other obligation hereunder and shall have been paid in full all principal, interest and other amounts owing to it or accrued for its account under this Agreement and (y) enter into amendments or modifications to this
Agreement (including, without limitation, amendments to this Section 11.2) or any of the other Loan Documents or to enter into additional Loan Documents as the Administrative Agent reasonably deems appropriate in order to
effectuate the terms of Section 4.11 (including, without limitation, as applicable, (1) to permit the Incremental Revolving Credit Increases to share ratably in the benefits of this Agreement and the other Loan
Documents and (2) to include the Incremental Revolving Credit Increase or outstanding Incremental Revolving Credit Increase in any determination of (i) Required Lenders or (ii) similar required lender terms applicable thereto);
provided that no amendment or modification shall result in any increase in the amount of any Lender’s Revolving Credit Commitment or any increase in any Lender’s Revolving Credit Commitment Percentage, in each case, without the
written consent of such affected Lender. 
 SECTION 11.3    Expenses; Indemnity. 

(a)    Costs and Expenses. The Borrower and any other Credit Party, jointly and severally, shall pay (i) all
reasonable out of pocket expenses incurred by the Administrative Agent and its Affiliates (including the reasonable fees, charges and disbursements of counsel for the Administrative Agent), in connection with the syndication of the Credit Facility,
the preparation, negotiation, execution, delivery and administration of this Agreement and the other Loan Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby
or thereby shall be consummated), (ii) all reasonable out of pocket expenses incurred by any Issuing Lender 

  
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in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder and (iii) all out of pocket expenses incurred by the
Administrative Agent, any Lender or any Issuing Lender (including the fees, charges and disbursements of any counsel for the Administrative Agent, any Lender or any Issuing Lender), in connection with the enforcement or protection of its rights
(A) in connection with this Agreement and the other Loan Documents, including its rights under this Section 11.3, or (B) in connection with the Revolving Credit Loans made or Letters of Credit issued hereunder,
including all such out of pocket expenses incurred during any workout, restructuring or negotiations in respect of such Revolving Credit Loans or Letters of Credit. 

(b)    Indemnification by the Borrower. The Borrower shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender and each Issuing Lender, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee
harmless from, and shall pay or reimburse any such Indemnitee for, any and all losses, claims (including, without limitation, any Environmental Claims), penalties, damages, liabilities and related expenses (including the fees, charges and
disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any Person (including the Borrower or any other Credit Party), arising out of, in connection with, or as a result of (i) the
execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the
transactions contemplated hereby or thereby (including, without limitation, the Transactions), (ii) any Revolving Credit Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any Issuing Lender
to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous
Materials on or from any property owned or operated by any Credit Party or any Subsidiary thereof, or any Environmental Claim related in any way to any Credit Party or any Subsidiary, (iv) any actual or prospective claim, litigation,
investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by any Credit Party or any Subsidiary thereof, and regardless of whether any Indemnitee is a party
thereto, or (v) any claim (including, without limitation, any Environmental Claims), investigation, litigation or other proceeding (whether or not the Administrative Agent or any Lender is a party thereto) and the prosecution and defense
thereof, arising out of or in any way connected with the Revolving Credit Loans, this Agreement, any other Loan Document, or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby, including
without limitation, reasonable attorneys and consultant’s fees, provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (A) are
determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee or (B) result from a claim brought by any Credit Party or any Subsidiary
thereof against an Indemnitee for breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document, if such Credit Party or such Subsidiary has obtained a final and nonappealable judgment in its favor on such
claim as determined by a court of competent jurisdiction. This Section 11.3(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. 
 (c)    Reimbursement by Lenders. To the extent that the
Borrower for any reason fails to indefeasibly pay any amount required under clause (a) or (b) of this Section 11.3 to be paid by it to the Administrative Agent (or any
sub-agent thereof), any Issuing Lender or any Related Party of any of the foregoing, each Lender severally agrees to pay to the Administrative Agent (or any such
sub-agent), such Issuing Lender or such Related Party, as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity
payment is sought based on each Lender’s share of the Total Credit Exposure at such time, or if the Total Credit Exposure has been 

  
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reduced to zero, then based on such Lender’s share of the Total Credit Exposure immediately prior to such reduction) of such unpaid amount (including any such unpaid amount in respect of a
claim asserted by such Lender); provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent (or any such sub-agent) or such Issuing Lender in its capacity as such, or against any Related Party of any of the foregoing acting for the Administrative Agent (or any such sub-agent) or
such Issuing Lender in connection with such capacity. The obligations of the Lenders under this clause (c) are subject to the provisions of Section 4.6. 

(d)    Waiver of Consequential Damages, Etc. To the fullest extent permitted by Applicable Law, the Borrower and
each other Credit Party shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in
connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Revolving Credit Loan or Letter of Credit or the use of the proceeds
thereof. No Indemnitee referred to in clause (b) above 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. 

(e)    Payments. All amounts due under this Section 11.3 shall be payable promptly after
demand therefor. 
 (f)    Survival. Each party’s obligations under this
Section 11.3 shall survive the termination of the Loan Documents and payment of the obligations hereunder. 

SECTION 11.4    Right of Setoff. If an Event of Default shall have occurred and be continuing, each Lender, each
Issuing Lender and each of their respective Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by Applicable Law, to setoff and apply any and all deposits (general or special, time or demand,
provisional or final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by such Lender, such Issuing Lender or any such Affiliate to or for the credit or the account of the Borrower or any other
Credit Party against any and all of the obligations of the Borrower or such Credit Party now or hereafter existing under this Agreement or any other Loan Document to such Lender, such Issuing Lender or any of their respective Affiliates,
irrespective of whether or not such Lender, such Issuing Lender or any such Affiliate shall have made any demand under this Agreement or any other Loan Document and although such obligations of the Borrower or such Credit Party may be contingent or
unmatured or are owed to a branch or office of such Lender, such Issuing Lender or such Affiliate different from the branch, office or Affiliate holding such deposit or obligated on such indebtedness; provided that in the event that any
Defaulting Lender or any Affiliate thereof shall exercise any such right of setoff, (x) all amounts so setoff shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of
Section 4.13 and, pending such payment, shall be segregated by such Defaulting Lender or Affiliate of a Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent, the
Issuing Lenders and the Lenders, and (y) the Defaulting Lender or its Affiliate shall provide promptly to the Administrative Agent a statement describing in reasonable detail the Secured Obligations owing to such Defaulting Lender or any of its
Affiliates as to which such right of setoff was exercised. The rights of each Lender, each Issuing Lender and their respective Affiliates under this Section 11.4 are in addition to other rights and remedies (including other
rights of setoff) that such Lender, such Issuing Lender or their respective Affiliates may have. Each Lender and such Issuing Lender agree to notify the 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.  

  
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 SECTION 11.5    Governing Law; Jurisdiction, Etc. 

(a)    Governing Law. This Agreement and 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 in accordance with, the law of the State of New York. 

(b)    Submission to Jurisdiction. The Borrower and each other Credit Party irrevocably and unconditionally agrees
that it will not commence any action, litigation or proceeding of any kind or description, whether in law or equity, whether in contract or in tort or otherwise, against the Administrative Agent, any Lender, any Issuing Lender, or any Related Party
of the foregoing in any way relating to this Agreement or any other Loan Document or the transactions relating hereto or thereto, in any forum other than the courts of the State of New York sitting in New York County, and of the United States
District Court of the Southern District of New York, and any appellate court from any thereof, and each of the parties hereto irrevocably and unconditionally submits to the exclusive jurisdiction of such courts and agrees that all claims in respect
of any such action, litigation or proceeding may be heard and determined in such New York State court or, to the fullest extent permitted by Applicable Law, in such federal court. Each of the parties hereto agrees that a final judgment in any
such action, litigation or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement or in any other Loan Document shall affect any right
that the Administrative Agent, any Lender or any Issuing Lender may otherwise have to bring any action or proceeding relating to this Agreement or any other Loan Document against the Borrower or any other Credit Party or its properties in the courts
of any jurisdiction. 
 (c)    Waiver of Venue. The Borrower and each other Credit Party irrevocably and
unconditionally waives, to the fullest extent permitted by Applicable Law, any objection that it may now or hereafter have to the laying of venue of any action or proceeding arising out of or relating to this Agreement or any other Loan Document in
any court referred to in paragraph (b) of this Section 11.5. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by Applicable Law, the defense of an inconvenient forum to the
maintenance of such action or proceeding in any such court. 
 (d)    Service of Process. Each party hereto
irrevocably consents to service of process in the manner provided for notices in Section 11.1. Nothing in this Agreement will affect the right of any party hereto to serve process in any other manner permitted by Applicable
Law. 
 SECTION 11.6    Waiver of Jury Trial. 

(a)    EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY
HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY).
EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND
(B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

  
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 SECTION 11.7    Reversal of Payments. To the extent any Credit
Party makes a payment or payments to the Administrative Agent for the ratable benefit of any of the Secured Parties or to any Secured Party directly or the Administrative Agent or any Secured Party receives any payment or proceeds of the Collateral
or any Secured Party exercises its right of setoff, which payments or proceeds (including any proceeds of such setoff) or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside and/or required to be
repaid to a trustee, receiver or any other party under any Debtor Relief Law, other Applicable Law or equitable cause, then, to the extent of such payment or proceeds repaid, the Secured Obligations or part thereof intended to be satisfied shall be
revived and continued in full force and effect as if such payment or proceeds had not been received by the Administrative Agent, and each Lender and each Issuing Lender severally agrees to pay to the Administrative Agent upon demand its applicable
ratable share (without duplication) of any amount so recovered from or repaid by the Administrative Agent plus interest thereon at a per annum rate equal to the Federal Funds Rate from the date of such demand to the date such payment is made to the
Administrative Agent. 
 SECTION 11.8    Injunctive Relief. The Borrower recognizes that, in the event the
Borrower fails to perform, observe or discharge any of its obligations or liabilities under this Agreement, any remedy of law may prove to be inadequate relief to the Lenders. Therefore, the Borrower agrees that the Lenders, at the Lenders’
option, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages. 

SECTION 11.9    Successors and Assigns; Participations. 

(a)    Successors and Assigns Generally. The provisions of this Agreement shall be binding upon and inure to the
benefit of the parties hereto and their respective successors and assigns permitted hereby, except that neither the Borrower nor any other Credit Party may assign or otherwise transfer any of its rights or obligations hereunder without the prior
written consent of the Administrative Agent and each Lender and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with the provisions of paragraph (b) of this
Section, (ii) by way of participation in accordance with the provisions of paragraph (d) of this Section or (iii) by way of pledge or assignment of a security interest subject to the restrictions of paragraph (e) of this Section
(and any other attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors
and assigns permitted hereby, Participants to the extent provided in paragraph (d) of this Section and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent and the Lenders) any legal or equitable
right, remedy or claim under or by reason of this Agreement. 
 (b)    Assignments by Lenders. Any Lender may at
any time assign to one or more assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Revolving Credit Commitment and the Revolving Credit Loans at the time owing to it); provided
that, in each case with respect to any Credit Facility, any such assignment shall be subject to the following conditions: 

(i)    Minimum Amounts. 

(A)    in the case of an assignment of the entire remaining amount of the assigning Lender’s Revolving
Credit Commitment and/or the Revolving Credit Loans at 

  
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the time owing to it or contemporaneous assignments to related Approved Funds (determined after giving effect to such assignments) that equal at least the amount specified in paragraph (b)(i)(B)
of this Section in the aggregate or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned; and 

(B)    in any case not described in paragraph (b)(i)(A) of this Section, the aggregate amount of the
Revolving Credit Commitment (which for this purpose includes Revolving Credit Loans outstanding thereunder) or, if the Revolving Credit Commitment is not then in effect, the principal outstanding balance of the Revolving Credit Loans of the
assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and
Assumption, as of the Trade Date) shall not be less than $5,000,000, unless each of the Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Borrower otherwise consents (each such consent not to be
unreasonably withheld or delayed); provided that the Borrower shall be deemed to have given its consent five (5) Business Days after the date written notice thereof has been delivered by the assigning Lender (through the Administrative
Agent) unless such consent is expressly refused by the Borrower prior to such fifth (5th) Business Day; 

(ii)    Proportionate Amounts. Each partial assignment shall be made as an assignment of a
proportionate part of all the assigning Lender’s rights and obligations under this Agreement with respect to the Revolving Credit Loan or the Revolving Credit Commitment assigned; 

(iii)    Required Consents. No consent shall be required for any assignment except to the extent
required by paragraph (b)(i)(B) of this Section and, in addition: 
 (A)    the consent of the
Borrower (such consent not to be unreasonably withheld or delayed) shall be required unless (x) an Event of Default has occurred and is continuing at the time of such assignment or (y) such assignment is to a Lender, an Affiliate of a
Lender or an Approved Fund; provided, that the Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within 5 Business Days after having received written
notice thereof; 
 (B)    the consent of the Administrative Agent (such consent not to be unreasonably
withheld or delayed) shall be required if such assignment is to a Person that is not a Lender with a Revolving Credit Commitment, an Affiliate of such Lender or an Approved Fund with respect to such Lender; and 

(C)    the consents of the Issuing Lenders (such consent not to be unreasonably withheld or delayed) shall
be required if such assignment is to a Person that is not a Lender with a Revolving Credit Commitment, an Affiliate of such Lender or an Approved Fund with respect to such Lender. 

(iv)    Assignment and Assumption. The parties to each assignment shall execute and deliver to the
Administrative Agent an Assignment and Assumption, together with a processing and recordation fee of $3,500 for each assignment; provided that (A) only one such fee will be payable in connection with simultaneous assignments to two or
more related Approved Funds by a Lender and (B) the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment. The assignee, if it is not a Lender, shall deliver to the
Administrative Agent an Administrative Questionnaire. 

  
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 (v)    No Assignment to Certain Persons. No such
assignment shall be made to (A) the Borrower or any of its Subsidiaries or Affiliates or (B) any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would constitute any of the foregoing
Persons described in this clause (B). 
 (vi)    No Assignment to Natural Persons. No such
assignment shall be made to a natural Person (or a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of, a natural Person). 

(vii)    Certain Additional Payments. In connection with any assignment of rights and obligations of
any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the Administrative Agent in
an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with the consent of the
Borrower and the Administrative Agent, the applicable pro rata share of Revolving Credit Loans previously requested, but not funded by, the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably
consent), to (A) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Administrative Agent, the Issuing Lenders and each other Lender hereunder (and interest accrued thereon), and (B) acquire (and fund
as appropriate) its full pro rata share of all Revolving Credit Loans and participations in Letters of Credit in accordance with its Revolving Credit Commitment 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. 
 (viii)    Opinion. If
requested by any proposed assignee, the Borrower agrees that it shall deliver or cause to be delivered, for the benefit of such assignee, either (x) a customary legal opinion with respect to authority of the Borrower to enter into this
Agreement and the other Loan Documents or (y) a reliance letter with respect to such legal opinion delivered on the Closing Date. 
 Subject to
acceptance and recording thereof by the Administrative Agent pursuant to paragraph (c) of this Section, from and after the effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement
and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and
Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party
hereto) but shall continue to be entitled to the benefits of Sections 4.8, 4.9 and 11.3 with respect to facts and circumstances occurring prior to the effective date of such assignment; 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 party hereunder arising from that Lender’s having been a Defaulting Lender. Any assignment or
transfer by a Lender of rights or obligations under this Agreement that does not comply with this paragraph 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 (d) of this Section (other than a purported assignment to a natural Person or the Borrower or any of the Borrower’s Subsidiaries or Affiliates, which shall be null and void). 

  
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 (c)    Register. The Administrative Agent, acting solely for this
purpose as a non-fiduciary agent of the Borrower, shall maintain at one of its offices in Charlotte, North Carolina, a copy of each Assignment and Assumption and each Lender Joinder Agreement delivered to it
and a register for the recordation of the names and addresses of the Lenders, and the Revolving Credit Commitment of, and principal amounts of (and stated interest on) the Revolving Credit Loans owing to, each Lender pursuant to the terms hereof
from time to time (the “Register”). The entries in the Register shall be conclusive, absent manifest error, and the Borrower, the Administrative Agent and the Lenders shall treat each Person whose name is recorded in the Register
pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement. The Register shall be available for inspection by the Borrower and any Lender (but only to the extent of entries in the Register that are applicable to such
Lender), at any reasonable time and from time to time upon reasonable prior notice. 
 (d)    Participations. Any
Lender may at any time, without the consent of, or notice to, the Borrower or the Administrative Agent, sell participations to any Person (other than a natural Person, (or a holding company, investment vehicle or trust for, or owned and operated for
the primary benefit of, a natural Person, or the Borrower or any of the Borrower’s Subsidiaries or Affiliates) (each, a “Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement
(including all or a portion of its Revolving Credit Commitment and/or the Revolving Credit Loans owing to it); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall
remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the Borrower, the Administrative Agent, the Issuing Lenders and the other 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 11.3(c) with respect to any payments
made by such Lender to its Participant(s). 
 Any agreement or instrument pursuant to which a Lender sells such a participation shall
provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender
will not, without the consent of the Participant, agree to any amendment, modification or waiver described in Section 11.2(b), (c), (d) or (e) that directly and adversely affects such Participant.
The Borrower agrees that each Participant shall be entitled to the benefits of Sections 4.8 and 4.9 (subject to the requirements and limitations therein, including the requirements under Section 4.9 (g) (it
being understood that the documentation required under Section 4.9(g) 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 be subject to the provisions of Section 4.10 as if it were an assignee under paragraph (b) of this Section; and
(B) shall not be entitled to receive any greater payment under Sections 4.8 or 4.9, 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 Borrower’s request and expense, to use reasonable efforts
to cooperate with the Borrower to effectuate the provisions of Section 4.10(b) with respect to any Participant. To the extent permitted by law, each Participant also shall be entitled to the benefits of
Section 11.4 as though it were a Lender; provided that such Participant agrees to be subject to Section 4.5 and Section 11.4 as though it were a Lender. 

Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent
of the Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts of (and stated interest on) each Participant’s interest in the 

  
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Revolving Credit 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, letter of credit 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 Administrative Agent) shall have no responsibility for maintaining a Participant Register. 

(e)    Certain Pledges. Any Lender may at any time pledge or assign a security interest in all or any portion of
its rights under this Agreement to secure obligations of such Lender, including without limitation any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that no such pledge or assignment shall release such Lender
from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 

(f)    Cashless Settlement. Notwithstanding anything to the contrary contained in this Agreement, any Lender may
exchange, continue or rollover all or a portion of its Revolving Credit 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 Borrower, the Administrative Agent and such Lender. 
 SECTION 11.10    Treatment of
Certain Information; Confidentiality. Each of the Administrative Agent, the Lenders and the Issuing Lenders agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its
Affiliates and to its and its Affiliates’ respective Related Parties in connection with the Credit Facility, this Agreement, the transactions contemplated hereby or in connection with marketing of services by such Affiliate or Related Party to
the Borrower or any of its Subsidiaries (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent
required or requested by, or required to be disclosed to, any regulatory or similar authority purporting to have jurisdiction over such Person or its Related Parties (including any self-regulatory authority, such as the National Association of
Insurance Commissioners) or in accordance with the Administrative Agent’s, the Issuing Lender’s or any Lender’s regulatory compliance policy if the Administrative Agent, an Issuing Lender or such Lender, as applicable, deems such
disclosure to be necessary for the mitigation of claims by those authorities against the Administrative Agent, such Issuing Lender or such Lender, as applicable, or any of its Related Parties (in which case, the Administrative Agent, such Issuing
Lender or such Lender, as applicable, shall use commercially reasonable efforts to, except with respect to any audit or examination conducted by bank accountants or any governmental bank regulatory authority exercising examination or regulatory
authority, promptly notify the Borrower, in advance, to the extent practicable and otherwise permitted by Applicable Law), (c) as to the extent required by Applicable Laws or regulations or in any legal, judicial, administrative proceeding or other
compulsory process, (d) to any other party hereto, (e) in connection with the exercise of any remedies under this Agreement, under any other Loan Document or under any Secured Hedge Agreement or Secured Cash Management Agreement, or any
action or proceeding relating to this Agreement, any other Loan Document or any Secured Hedge Agreement or Secured Cash Management Agreement, or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing
provisions substantially the same as those of this Section 11.10, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights and obligations under this Agreement,
(ii) any actual or prospective party (or its Related Parties) to any swap, derivative or 

  
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other transaction under which payments are to be made by reference to the Borrower and its obligations, this Agreement or payments hereunder, (iii) to an investor or prospective investor in
an Approved Fund that also agrees that Information shall be used solely for the purpose of evaluating an investment in such Approved Fund, (iv) to a trustee, collateral manager, servicer, backup servicer, noteholder or secured party in an
Approved Fund in connection with the administration, servicing and reporting on the assets serving as collateral for an Approved Fund, or (v) to a nationally recognized rating agency that requires access to information regarding the Borrower
and its Subsidiaries, the Revolving Credit Loans and the Loan Documents in connection with ratings issued with respect to an Approved Fund, (g) on a confidential basis to (i) any rating agency in connection with rating the Borrower or its
Subsidiaries or the Credit Facility or (ii) the CUSIP Service Bureau or any similar agency in connection with the issuance and monitoring of CUSIP numbers with respect to the Credit Facility, (h) with the consent of the Borrower,
(i) deal terms and other information customarily reported to Thomson Reuters, other bank market data collectors and similar service providers to the lending industry and service providers to the Administrative Agent and the Lenders in
connection with the administration of the Loan Documents, (j) to the extent such Information (i) becomes publicly available other than as a result of a breach of this Section 11.10 or (ii) becomes available
to the Administrative Agent, any Lender, any Issuing Lender or any of their respective Affiliates from a third party that is not, to such Person’s knowledge, subject to confidentiality obligations to the Borrower, (k) to the extent that
such information is independently developed by such Person, or (l) for purposes of establishing a “due diligence” defense. For purposes of this Section 11.10, “Information” means all
information received from any Credit Party or any Subsidiary thereof relating to any Credit Party or any Subsidiary thereof or any of their respective businesses, other than any such information that is available to the Administrative Agent, any
Lender or any Issuing Lender on a nonconfidential basis prior to disclosure by any Credit Party or any Subsidiary thereof; provided that, in the case of information received from a Credit Party or any Subsidiary thereof after the date hereof,
such information is clearly identified at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this Section 11.10 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. For the sake of clarity, Borrower may publicly disclose
this Agreement or any Loan Document in each case to the extent required by Applicable Law in connection with a Qualifying IPO, any securities law filing requirements or otherwise as required by Applicable Law. 

SECTION 11.11    Performance of Duties. Each of the Credit Party’s obligations under this Agreement and each
of the other Loan Documents shall be performed by such Credit Party at its sole cost and expense. 
 SECTION
11.12    All Powers Coupled with Interest. All powers of attorney and other authorizations granted to the Lenders, the Administrative Agent and any Persons designated by the Administrative Agent or any Lender pursuant to
any provisions of this Agreement or any of the other Loan Documents shall be deemed coupled with an interest and shall be irrevocable so long as any of the Obligations remain unpaid or unsatisfied, the Revolving Credit Commitment remains in effect
or any Credit Facility has not been terminated. 
 SECTION 11.13    Survival. 

(a)    All representations and warranties set forth in Article VI and all representations and warranties contained
in any certificate, or any of the Loan Documents (including, but not limited to, any such representation or warranty made in or in connection with any amendment thereto) shall constitute representations and warranties made under this Agreement. All
representations and warranties made under this Agreement shall be made or deemed to be made at and as of the Closing Date (except those that are expressly made as of a specific date), shall survive the Closing Date and shall not be waived by the
execution and delivery of this Agreement, any investigation made by or on behalf of the Lenders or any borrowing hereunder. 

  
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 (b)    Notwithstanding any termination of this Agreement, the
indemnities to which the Administrative Agent and the Lenders are entitled under the provisions of this Article XI and any other provision of this Agreement and the other Loan Documents shall continue in full force and effect and shall
protect the Administrative Agent and the Lenders against events arising after such termination as well as before. 
 SECTION
11.14    Titles and Captions. Titles and captions of Articles, Sections and subsections in, and the table of contents of, this Agreement are for convenience only, and neither limit nor amplify the provisions of this
Agreement. 
 SECTION 11.15    Severability of Provisions. Any provision of this Agreement or any other Loan
Document which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective only to the extent of such prohibition or unenforceability without invalidating the remainder of such provision or the remaining
provisions hereof or thereof or affecting the validity or enforceability of such provision in any other jurisdiction. In the event that any provision is held to be so prohibited or unenforceable in any jurisdiction, the Administrative Agent, the
Lenders and the Borrower shall negotiate in good faith to amend such provision to preserve the original intent thereof in such jurisdiction (subject to the approval of the Required Lenders). 

SECTION 11.16    Counterparts; Integration; Effectiveness; Electronic Execution. 

(a)    Counterparts; Integration; Effectiveness. This Agreement may be executed in counterparts (and by different
parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement and the other Loan Documents, and any separate letter agreements with
respect to fees payable to the Administrative Agent, the Issuing Lenders and/or the Arranger, constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings,
oral or written, relating to the subject matter hereof. Except as provided in Section 5.1, this Agreement shall become effective when it shall have been executed by the Administrative Agent and when the Administrative Agent
shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto. Delivery of an executed counterpart of a signature page of this Agreement by facsimile or in electronic (i.e.,
“pdf” or “tif”) format shall be effective as delivery of a manually executed counterpart of this Agreement. 

(b)    Electronic Execution of Assignments. The words “execution,” “signed,”
“signature,” and words of like import in any Assignment and Assumption shall be deemed to include electronic signatures 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. 

SECTION 11.17    Term of Agreement. This Agreement shall remain in effect from the Closing Date through and
including the date upon which all Obligations (other than contingent indemnification obligations not then due) arising hereunder or under any other Loan Document shall have been indefeasibly and irrevocably paid and satisfied in full, all Letters of
Credit have been terminated or expired (or been Cash Collateralized) or otherwise satisfied in a manner acceptable to the Issuing Lender) and the Revolving Credit Commitment has been terminated. No termination of this Agreement shall affect the
rights and obligations of the parties hereto arising prior to such termination or in respect of any provision of this Agreement which survives such termination. 

  
 104 

 SECTION 11.18    USA PATRIOT Act; Anti-Money Laundering Laws. The
Administrative Agent and each Lender hereby notifies the Borrower that pursuant to the requirements of the PATRIOT Act or any other Anti-Money Laundering Laws, each of them is required to obtain, verify and record information that identifies each
Credit Party, which information includes the name and address of each Credit Party and other information that will allow such Lender to identify each Credit Party in accordance with the PATRIOT Act or such Anti-Money Laundering Laws. 

SECTION 11.19    Independent Effect of Covenants. The Borrower expressly acknowledges and agrees that each covenant
contained in Articles VII or VIII hereof shall be given independent effect. Accordingly, the Borrower shall not engage in any transaction or other act otherwise permitted under any covenant contained in Articles VII or
VIII, if before or after giving effect to such transaction or act, the Borrower shall or would be in breach of any other covenant contained in Articles VII or VIII. 

SECTION 11.20    No Advisory or Fiduciary Responsibility. 

(a)    In connection with all aspects of each transaction contemplated hereby, each Credit Party acknowledges and agrees,
and acknowledges its Affiliates’ understanding, that (i) the facilities provided for hereunder and any related arranging or other services in connection therewith (including in connection with any amendment, waiver or other modification
hereof or of any other Loan Document) are an arm’s-length commercial transaction between the Borrower and its Affiliates, on the one hand, and the Administrative Agent, the Arrangers and the Lenders, on
the other hand, and the Borrower is capable of evaluating and understanding and understands and accepts the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents (including any amendment, waiver or other
modification hereof or thereof), (ii) in connection with the process leading to such transaction, each of the Administrative Agent, the Arrangers and the Lenders is and has been acting solely as a principal and is not the financial advisor, agent or
fiduciary, for the Borrower or any of its Affiliates, stockholders, creditors or employees or any other Person, (iii) none of the Administrative Agent, the Arrangers or the Lenders has assumed or will assume an advisory, agency or fiduciary
responsibility in favor of the Borrower with respect to any of the transactions contemplated hereby or the process leading thereto, including with respect to any amendment, waiver or other modification hereof or of any other Loan Document
(irrespective of whether any Arranger or Lender has advised or is currently advising the Borrower or any of its Affiliates on other matters) and none of the Administrative Agent, the Arrangers or the Lenders has any obligation to the Borrower or any
of its Affiliates with respect to the financing transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents, (iv) the Arrangers and the Lenders and their respective Affiliates may be
engaged in a broad range of transactions that involve interests that differ from, and may conflict with, those of the Borrower and its Affiliates, and none of the Administrative Agent, the Arrangers or the Lenders has any obligation to disclose any
of such interests by virtue of any advisory, agency or fiduciary relationship and (v) the Administrative Agent, the Arrangers and the Lenders have not provided and will not provide any legal, accounting, regulatory or tax advice with respect to
any of the transactions contemplated hereby (including any amendment, waiver or other modification hereof or of any other Loan Document) and the Credit Parties have consulted their own legal, accounting, regulatory and tax advisors to the extent
they have deemed appropriate. 
 (b)    Each Credit Party acknowledges and agrees that each Lender, the Arrangers and
any Affiliate thereof may lend money to, invest in, and generally engage in any kind of business with, any of the Borrower, any Affiliate thereof or any other person or entity that may do business with or own securities of any of the foregoing, all
as if such Lender, Arranger or Affiliate thereof were not a Lender or 

  
 105 

 
Arranger or an Affiliate thereof (or an agent or any other person with any similar role under the Credit Facility) and without any duty to account therefor to any other Lender, the Arrangers, the
Borrower or any Affiliate of the foregoing. Each Lender, the Arrangers and any Affiliate thereof may accept fees and other consideration from the Borrower or any Affiliate thereof for services in connection with this Agreement, the Credit
Facility or otherwise without having to account for the same to any other Lender, the Arrangers, the Borrower or any Affiliate of the foregoing. 

SECTION 11.21    Inconsistencies with Other Documents. In the event there is a conflict or inconsistency between
this Agreement and any other Loan Document, the terms of this Agreement shall control; provided that any provision of the Security Documents which imposes additional burdens on the Borrower or any of its Subsidiaries or further restricts the
rights of the Borrower or any of its Subsidiaries or gives the Administrative Agent or Lenders additional rights shall not be deemed to be in conflict or inconsistent with this Agreement and shall be given full force and effect. 

SECTION 11.22    Acknowledgement and Consent to Bail-In of EEA Financial
Institutions. 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 EEA Financial Institution
arising under any Loan Document, to the extent such liability is unsecured, may be subject to the Write-Down and Conversion Powers of an EEA 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 an EEA Resolution Authority to any such liabilities
arising hereunder which may be payable to it by any party hereto that is an EEA Financial Institution; and 
 (b)    the
effects of any Bail-In Action on any such liability, including, if applicable: 

(i)    a reduction in full or in part or cancellation of any such liability; 

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

SECTION 11.23    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 Arranger and their respective Affiliates, and not, for the
avoidance of doubt, to or for the benefit of the Borrower or any other Credit Party, that at least one of the following is and will be true: 

(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 Revolving Credit Loans, the Letters of Credit or the Revolving Credit Commitment; 

  
 106 

 (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 Revolving Credit Loans, the Letters of Credit, the Revolving
Credit Commitment 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 Revolving Credit Loans, the Letters of Credit, the Revolving Credit Commitment and this Agreement, (C) the entrance into, participation in, administration of and performance of the Revolving Credit
Loans, the Letters of Credit, the Revolving Credit Commitment 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 Revolving Credit Loans, the Letters of Credit, the Revolving Credit Commitment 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 sub-clause (i) in the immediately preceding clause (a) is true with respect to a Lender or such Lender has not provided another representation, warranty and covenant as provided in 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 Arranger and their respective Affiliates, and not, for the avoidance of doubt, to or for the
benefit of the Borrower or any other Credit Party, that: 
 (i)     none of the Administrative Agent, the
Arranger nor any of their respective Affiliates is a fiduciary with respect to the assets of such Lender (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); 
 (ii)     the Person making the investment decision on
behalf of such Lender with respect to the entrance into, participation in, administration of and performance of the Revolving Credit Loans, the Letters of Credit, the Revolving Credit Commitment and this Agreement is independent (within the meaning
of 29 CFR § 2510.3-21) and is a bank, an insurance carrier, an investment adviser, a broker-dealer or other person that holds, or has under management or control, total assets of at least
$50 million, in each case as described in 29 CFR § 2510.3-21(c)(1)(i)(A)-(E), 

  
 107 

 (iii)     the Person making the investment decision on
behalf of such Lender with respect to the entrance into, participation in, administration of and performance of the Revolving Credit Loans, the Letters of Credit, the Revolving Credit Commitment and this Agreement is capable of evaluating investment
risks independently, both in general and with regard to particular transactions and investment strategies (including in respect of the Secured Obligations); 

(iv)     the Person making the investment decision on behalf of such Lender with respect to the entrance
into, participation in, administration of and performance of the Revolving Credit Loans, the Letters of Credit, the Revolving Credit Commitment and this Agreement is a fiduciary under ERISA or the Code, or both, with respect to the Revolving Credit
Loans, the Letters of Credit, the Revolving Credit Commitment and this Agreement and is responsible for exercising independent judgment in evaluating the transactions hereunder, and 

(v) no fee or other compensation is being paid directly to the Administrative Agent, the Arranger or their respective
Affiliates for investment advice (as opposed to other services) in connection with the Revolving Credit Loans, the Letters of Credit, the Revolving Credit Commitment or this Agreement. 

(c)    The Administrative Agent and the Arranger hereby informs the Lenders that each such Person is not undertaking to
provide impartial investment advice, or to give advice in a fiduciary capacity, in connection with the transactions contemplated hereby, and that such Person has a financial interest in the transactions contemplated hereby in that such Person or an
Affiliate thereof (i) may receive interest or other payments with respect to the Revolving Credit Loans, the Letters of Credit, the Revolving Credit Commitment and this Agreement, (ii) may recognize a gain if it extended the Revolving
Credit Loans, the Letters of Credit or the Revolving Credit Commitment for an amount less than the amount being paid for an interest in the Revolving Credit Loans, the Letters of Credit or the Revolving Credit Commitment by such Lender or
(iii) may receive fees or other payments in connection with the transactions contemplated hereby, the Loan Documents or otherwise, including structuring fees, commitment fees, arrangement fees, facility fees, upfront fees, underwriting fees,
ticking fees, agency fees, administrative agent or collateral agent fees, utilization fees, minimum usage fees, letter of credit fees, fronting fees, deal-away or alternate transaction fees, amendment fees, processing fees, term out premiums,
banker’s acceptance fees, breakage or other early termination fees or fees similar to the foregoing. 
 [Signature pages to
follow] 

  
 108 

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

	
	ANAPLAN, INC., as Borrower
	
	By: /s/ Anup
Singh                                    
	 Name: Anup Singh
 Title: Chief Financial
Officer

 
	
	AGENTS AND LENDERS:
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent, Issuing Lender and Lender
	
	By: /s/ Lydia Diaconou                                
	 Name: Lydia Diaconou
 Title:
Director

 
	
	Comerica Bank, as Lender
	
	By: /s/ Robert Hernandez                    
	Name: Robert Hernandez
	Title: Senior Vice President

 EXHIBIT A 

to 
 Credit Agreement 

dated as of April 30, 2018 
 by
and among 
 Anaplan, Inc., 
 as
Borrower, 
 the lenders party thereto, 

as Lenders, 
 and 

Wells Fargo Bank, National Association, 

as Administrative Agent 
 FORM
OF REVOLVING CREDIT NOTE 

 REVOLVING CREDIT NOTE 

            , 20     

FOR VALUE RECEIVED, the undersigned, Anaplan, Inc., a Delaware corporation (the “Borrower”), promises to pay to
                     (the “Lender”), at the place and times provided in the Credit Agreement referred to below, the unpaid principal
amount of all Revolving Credit Loans of the Lender from time to time pursuant to that certain Credit Agreement, dated as of April 30, 2018 (the “Credit Agreement”) by and among the Borrower, the Lenders party thereto and Wells
Fargo Bank, National Association, as Administrative Agent. Capitalized terms used herein and not defined herein shall have the meanings assigned thereto in the Credit Agreement. 

The unpaid principal amount of this Revolving Credit Note from time to time outstanding is payable as provided in the Credit Agreement and
shall bear interest as provided in Section 4.1 of the Credit Agreement. All payments of principal and interest on this Revolving Credit Note shall be payable in Dollars in immediately available funds as provided in the
Credit Agreement. 
 This Revolving Credit Note is entitled to the benefits of, and evidences Obligations incurred under, the Credit
Agreement, to which reference is made for a description of the security for this Revolving Credit Note and for a statement of the terms and conditions on which the Borrower is permitted and required to make prepayments and repayments of principal of
the Obligations evidenced by this Revolving Credit Note and on which such Obligations may be declared to be immediately due and payable. 

THIS REVOLVING CREDIT NOTE SHALL BE GOVERNED BY, CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 

The Indebtedness evidenced by this Revolving Credit Note is senior in right of payment to all Subordinated Indebtedness referred to in the
Credit Agreement. 
 The Borrower hereby waives all requirements as to diligence, presentment, demand of payment, protest and (except as
required by the Credit Agreement) notice of any kind with respect to this Revolving Credit Note. 
 [Remainder of page intentionally left
blank; signature page follows] 
 Exhibit A 

Form of Revolving Credit Note 

 IN WITNESS WHEREOF, the undersigned has executed this Revolving Credit Note under seal as of
the day and year first above written. 
  

	
	ANAPLAN, INC.
	
	 By:
                                         
                                   

	 Name:

	 Title:

 Exhibit A 

Form of Revolving Credit Note 

 EXHIBIT B 

to 
 Credit Agreement 

dated as of April 30, 2018 
 by
and among 
 Anaplan, Inc., 
 as
Borrower, 
 the lenders party thereto, 

as Lenders, 
 and 

Wells Fargo Bank, National Association, 

as Administrative Agent 
 FORM
OF NOTICE OF BORROWING 

 NOTICE OF BORROWING 

Dated as of:                     

 Wells Fargo Bank, National Association, 
 as
Administrative Agent 
 MAC D 1109-019 

1525 West W.T. Harris Blvd. 
 Charlotte, North Carolina 28262 

Attention: Syndication Agency Services 
 Ladies and Gentlemen:

 This irrevocable Notice of Borrowing is delivered to you pursuant to Section 2.3 of the Credit Agreement dated
as of April 30, 2018 (the “Credit Agreement”), by and among Anaplan, Inc., a Delaware corporation (the “Borrower”), the Lenders party thereto and Wells Fargo Bank, National Association, as Administrative Agent.
Capitalized terms used herein and not defined herein shall have the meanings assigned thereto in the Credit Agreement. 

1.    The Borrower hereby requests that the Lenders make a Revolving Credit Loan to the Borrower in the aggregate principal
amount of $                    .1 

2.    The Borrower hereby requests that such Revolving Credit Loan be made on the following Business Day:
                            .2 

3.    Such Revolving Credit Loan bears interest at the Base Rate minus 0.50%. 

4.    The aggregate principal amount of all Revolving Credit Loans and L/C Obligations outstanding as of the date hereof
(including the Revolving Credit Loan requested herein) does not exceed the maximum amount permitted to be outstanding pursuant to the terms of the Credit Agreement. 

5.    All of the conditions applicable to the Revolving Credit Loan requested herein as set forth in the Credit Agreement
have been satisfied as of the date hereof and will remain satisfied to the date of such Revolving Credit Loan. 
 [Remainder of page
intentionally left blank; signature page follows] 
  
  

	1 	 Complete with an amount in accordance with Section 2.3 of the Credit Agreement.

	2 	 Complete with a Business Day in accordance with Section 2.3 of the Credit Agreement.

 Exhibit B 

Form of Notice of Borrowing 

 IN WITNESS WHEREOF, the undersigned has executed this Notice of Borrowing as of the day and
year first written above. 
  

	
	ANAPLAN, INC.
	
	 By:
                                         
                                   

	 Name:

	 Title:

 Exhibit B 

Form of Notice of Borrowing 

 EXHIBIT C 

to 
 Credit Agreement 

dated as of April 30, 2018 
 by
and among 
 Anaplan, Inc., 
 as
Borrower, 
 the lenders party thereto, 

as Lenders, 
 and 

Wells Fargo Bank, National Association, 

as Administrative Agent 
 FORM
OF NOTICE OF ACCOUNT DESIGNATION 

 NOTICE OF ACCOUNT DESIGNATION 

Dated as of:                     

 Wells Fargo Bank, National Association, 
 as
Administrative Agent 
 MAC D 1109-019 

1525 West W.T. Harris Blvd. 
 Charlotte, North Carolina 28262 

Attention: Syndication Agency Services 
 Ladies and Gentlemen:

 This Notice of Account Designation is delivered to you pursuant to Section 2.3(b) of the Credit Agreement dated
as of April 30, 2018 (the “Credit Agreement”), by and among Anaplan, Inc., a Delaware corporation, as Borrower, the Lenders party thereto and Wells Fargo Bank, National Association, as Administrative Agent. Capitalized terms
used herein and not defined herein shall have the meanings assigned thereto in the Credit Agreement. 
 1.    The
Administrative Agent is hereby authorized to disburse all Revolving Credit Loan proceeds into the following account(s): 
  

					
		 	                                     
                               	 	
		 	Bank Name:                                 	 	
		 	ABA Routing Number:                             	 	
		 	Account Number:
                                    	 	

 2.    This authorization shall remain in effect until revoked or until a subsequent Notice
of Account Designation is provided to the Administrative Agent. 
 [Remainder of page intentionally left blank; signature page follows] 

Exhibit C 
 Form of Notice of
Account Designation 

 IN WITNESS WHEREOF, the undersigned has executed this Notice of Account Designation as of
the day and year first written above. 
  

	
	ANAPLAN, INC.
	
	 By:
                                         
                                   

	 Name:

	 Title:

 Exhibit C 

Form of Notice of Account Designation 

 EXHIBIT D 

to 
 Credit Agreement 

dated as of April 30, 2018 
 by
and among 
 Anaplan, Inc., 
 as
Borrower, 
 the lenders party thereto, 

as Lenders, 
 and 

Wells Fargo Bank, National Association, 

as Administrative Agent 
 FORM
OF NOTICE OF PREPAYMENT 

 NOTICE OF PREPAYMENT 

Dated as of:                     

 Wells Fargo Bank, National Association, 
 as
Administrative Agent 
 MAC D 1109-019 

1525 West W.T. Harris Blvd. 
 Charlotte, North Carolina 28262 

Attention: Syndication Agency Services 
 Ladies and Gentlemen:

 This irrevocable Notice of Prepayment is delivered to you pursuant to Section 2.4(c) of the Credit Agreement
dated as of April 30, 2018 (the “Credit Agreement”), by and among Anaplan, Inc., a Delaware corporation (the “Borrower”), the Lenders party thereto and Wells Fargo Bank, National Association, as Administrative
Agent. Capitalized terms used herein and not defined herein shall have the meanings assigned thereto in the Credit Agreement. 

1.    The Borrower hereby provides notice to the Administrative Agent that it shall repay the following amount with
respect to the Revolving Credit Loans:                     .1 

2.    The Borrower shall repay the above-referenced Revolving Credit Loans on the following Business Day:
                    .2 

[Remainder of page intentionally left blank; signature page follows] 
  

 

	1 	 Complete with an amount in accordance with Section 2.4 of the Credit Agreement.

	2 	 Complete with a date no earlier than the same Business Day as of the date of this Notice of Prepayment.

 Exhibit D 

Form of Notice of Prepayment 

 IN WITNESS WHEREOF, the undersigned has executed this Notice of Prepayment as of the day and
year first written above. 
  

	
	ANAPLAN, INC.
	
	 By:
                                         
                                   

	 Name:

	 Title:

 Exhibit D 

Form of Notice of Prepayment 

 EXHIBIT E 

to 
 Credit Agreement 

dated as of April 30, 2018 
 by
and among 
 Anaplan, Inc., 
 as
Borrower, 
 the lenders party thereto, 

as Lenders, 
 and 

Wells Fargo Bank, National Association, 

as Administrative Agent 
 FORM
OF BORROWING BASE CERTIFICATE 
 Exhibit E 

Form of Borrowing Base Certificate 

 BORROWING BASE CERTIFICATE 

Dated as of:                     

 Wells Fargo Bank, National Association 
 121 South Market
Street, 3rd Floor 
 San Jose, CA 95113 
 Attention of: Stephen
Cordani 
 Telephone No.: (408) 288-2510 

E-mail: stephen.cordani@wellsfargo.com 

The undersigned, the controller of Anaplan, Inc. (the “Borrower”), pursuant to Section 7.2(b) of
that certain Credit Agreement, dated as of April 30, 2018 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), entered into among the Borrower, each of the Lenders from time to time party
thereto, and WELLS FARGO BANK, NATIONAL ASSOCIATION, as the Administrative Agent and as Issuing Lender, hereby certifies to the Administrative Agent on behalf of the Borrower that the items set forth on Schedule 1 have been calculated in
accordance with the definition of “Borrowing Base” as set forth in Section 1.1 of the Credit Agreement.  
 All
capitalized terms used in this Borrowing Base Certificate have the meanings set forth in the Credit Agreement unless specifically defined herein. 

 The undersigned hereby certifies that all of the foregoing is true and correct as of the effective date of
the calculations set forth above and that such calculations have been made in accordance with the requirements of the Credit Agreement. 
  

	
	ANAPLAN, INC.
	
	 By:
                                         
                                   

	 Name:

	 Title:

 SCHEDULE 1 

BORROWING BASE CALCULATIONS 

SEE ATTACHED 
  

	 	•	 	 Borrowing Base Certificate Calculation 

 

	 	•	 	 Accounts Receivable and Accounts Payable Aging Report 

 

	 	•	 	 Recurring Revenue Report 

 EXHIBIT F 

to 
 Credit Agreement 

dated as of April 30, 2018 
 by
and among 
 Anaplan, Inc., 
 as
Borrower, 
 the lenders party thereto, 

as Lenders, 
 and 

Wells Fargo Bank, National Association, 

as Administrative Agent 
 FORM
OF OFFICER’S COMPLIANCE CERTIFICATE 

 OFFICER’S COMPLIANCE CERTIFICATE 

Dated as of:                     

 The undersigned Responsible Officer, on behalf of Anaplan, Inc., a Delaware corporation (the “Borrower”), hereby
certifies to the Administrative Agent and the Lenders, each as defined in the Credit Agreement referred to below, as follows: 

1.    This certificate is delivered to you pursuant to Section 7.2 of the Credit Agreement dated
as of April 30, 2018 (the “Credit Agreement”), by and among the Borrower, the Lenders party thereto and Wells Fargo Bank, National Association, as Administrative Agent. Capitalized terms used herein and not defined herein shall
have the meanings assigned thereto in the Credit Agreement. 
 2.    I have reviewed the financial statements of the
Borrower and its Subsidiaries dated as of                          and for the
                         period[s] then ended and such statements fairly present in all material respects
the financial condition of the Borrower and its Subsidiaries as of the dates indicated and the results of their operations and cash flows for the period[s] indicated. 

3.    I have reviewed the terms of the Credit Agreement, and the related Loan Documents and have made, or caused to be
made under my supervision, a review in reasonable detail of the transactions and the condition of the Borrower and its Subsidiaries during the accounting period covered by the financial statements referred to in Paragraph 2 above. Such review has
not disclosed the existence during or at the end of such accounting period of any condition or event that constitutes a Default or an Event of Default, nor do I have any knowledge of the existence of any such condition or event as at the date of
this certificate [except, if such condition or event existed or exists, describe the nature and period of existence thereof and what action the Borrower has taken, is taking and proposes to take with respect thereto]. 

4.    As of the date of this certificate, the Borrower and its Subsidiaries are in compliance with the financial covenants
contained in Section 8.13 of the Credit Agreement as shown on such Schedule 1 and the Borrower and its Subsidiaries are in compliance with the other covenants and restrictions contained in the Credit Agreement. 

[Remainder of page intentionally left blank; signature page follows] 

Exhibit F 
 Form of Officer’s
Compliance Certificate 

 IN WITNESS WHEREOF, the undersigned has executed this Compliance Certificate as of the day
and year first written above. 
  

	
	ANAPLAN, INC.
	
	 By:
                                         
                                   

	 Name:

	 Title:

 Exhibit F 

Form of Officer’s Compliance Certificate 

 Schedule 1 

to 
 Officer’s Compliance
Certificate 
 For the Quarter/Year ended
                                        
(the “Statement Date”) 
  

	A.      Section	 8.13(a) Minimum AQR Ratio 

(I)    As of the Statement Date, the amount of cash, Cash Equivalents and net accounts receivable of the
Borrower and its
Subsidiaries                                $       
              
 (II)    As of the
Statement Date, the amount of scheduled payments of debt due within the next twelve (12) months (excluding any outstanding borrowing under revolving lines of credit), accounts payable and accrued expenses of Borrower and its Subsidiaries,
determined on a Consolidated basis in accordance with GAAP (excluding any deferred revenues of Borrower and its Subsidiaries otherwise included in Current
Liabilities)                                       
                         $                
     
 (III)    As of the Statement Date, the aggregate outstanding amount of
the Revolving Credit
Loans                                        
                     $                    

 (IV)    The sum of, without duplication, Line A.(II) and Line A.(III)
                        $                 
    
 (V)    Line A.(I) divided by Line A.(IV)
                                         
                                         
           to 1.00 
 (IV)    Minimum permitted
AQR Ratio as set forth in Section 8.13(a) of the Credit Agreement            1.50 to 1.00 

(V)    In
Compliance?                                       
                                         
                    Yes/No 

  
 Exhibit F 

Form of Officer’s Compliance Certificate 

	B.      Section	 8.13(b) Minimum Tangible Net Worth  

(I)    As of the Statement Date, the total assets of the Borrower and its Subsidiaries determined on a
Consolidated basis in accordance with GAAP, excluding the aggregate goodwill, trademarks, patents, organizational expense and other similar intangible items of the Borrower and its Subsidiaries determined in accordance with
GAAP                                         
                             $            
     
 (II)    As of the Statement Date, the total liabilities of the Borrower
and its Subsidiaries determined on a consolidated basis in accordance with GAAP
                                      $   
                
 (III)    Line B.(I)
minus Line
B.(II)                                        
                                    $     
            
 (IV) Minimum permitted Tangible Net Worth as set
forth in Section 8.13(b) of the Credit Agreement
                                         
                                         
$1.00 
 (V)    In
Compliance?                                       
                                         
                            Yes/No 

  
 Exhibit F 

Form of Officer’s Compliance Certificate 

 EXHIBIT G 

to 
 Credit Agreement 

dated as of April 30, 2018 
 by
and among 
 Anaplan, Inc., 
 as
Borrower, 
 the lenders party thereto, 

as Lenders, 
 and 

Wells Fargo Bank, National Association, 

as Administrative Agent 
 FORM
OF ASSIGNMENT AND ASSUMPTION 

 ASSIGNMENT AND ASSUMPTION 

This Assignment and Assumption (the “Assignment and Assumption”) is dated as of the Effective Date set forth below and is
entered into by and between [INSERT NAME OF ASSIGNOR] (the “Assignor”) and the parties identified on the Schedules hereto and [the]
[each]1 Assignee identified on the Schedules hereto as “Assignee” or as “Assignees” (collectively, the “Assignees” and each, an
“Assignee”). [It is understood and agreed that the rights and obligations of the Assignees2 hereunder are several and not joint.]3 Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement identified below (the “Credit Agreement”), receipt of a copy of which is
hereby acknowledged by [the] [each] Assignee. The Standard Terms and Conditions set forth in Annex 1 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] [respective Assignees], and [the] [each] Assignee hereby irrevocably purchases and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and
the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below (i) all of 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
without limitation any letters of credit and guarantees included in such facilities) and (ii) 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, but not limited to, 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
(i) above (the rights and obligations sold and assigned to [the] [any] Assignee pursuant to clauses (i) and (ii) above being referred to herein collectively as, [the] [an]
“Assigned Interest”). Each 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:
	  	[INSERT NAME OF ASSIGNOR]
		
	 2.  Assignee(s):
	  	See Schedules attached hereto
		
	 3.  Borrower:
	  	Anaplan, Inc.
		
	 4.  Administrative Agent:
	  	Wells Fargo Bank, National Association, as the administrative agent under the Credit Agreement
		
	 5.  Credit Agreement:
	  	The Credit Agreement dated as of April 30, 2018 among Anaplan, Inc., as Borrower, the Lenders party thereto, and Wells

 

	1 	 For bracketed language here and elsewhere in this form relating to the Assignee(s), if the assignment is to a
single Assignee, choose the first bracketed language. If the assignment is to multiple Assignees, choose the second bracketed language. 

	2 	 Select as appropriate. 

	3 	 Include bracketed language if there are multiple Assignees.

  
 Exhibit G 

Form of Assignment and Assumption 

			
		  	Fargo Bank, National Association, as Administrative Agent (as amended, restated, supplemented or otherwise modified)
		
	 6.  Assigned Interest:
	  	See Schedules attached hereto
		
	 [7.   Trade Date:
	  	                    ]4

 [Remainder of page intentionally left blank; signature page follows] 

 
  

	4 	 To be completed if the Assignor and the Assignees intend that the minimum assignment amount is to be determined
as of the Trade Date. 

  
 Exhibit G 

Form of Assignment and Assumption 

 Effective Date:
                , 2     [TO BE INSERTED BY THE ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE
REGISTER THEREFOR] 
 The terms set forth in this Assignment and Assumption are hereby agreed to: 

 

			
	ASSIGNOR
	[NAME OF ASSIGNOR]

 
			
		
	By:	 	  

 
			
	Name:	 	
	Title:	 	
	
	ASSIGNEES
	
	See Schedules attached hereto

  
 Exhibit G 

Form of Assignment and Assumption 

 [Consented to and]5 Accepted: 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 
 as Administrative
Agent [and Issuing Lender] 
  

	
	By:
                                         
                               
	Name:
	Title:
	
	[Consented to:
	
	COMERICA BANK,
	as Issuing Lender
	
	By:
                                         
                               
	Name:
	Title:]6
	
	[Consented to:]7
	
	ANAPLAN, INC.
	
	By:
                                         
                               
	Name:
	Title:

  

	5 	 To be added only if the consent of the Administrative Agent and/or the Issuing Lender is required by the terms
of the Credit Agreement. 

	6 	 To be added only if the consent of the Issuing Lender is required by the terms of the Credit Agreement.

	7 	 To be added only if the consent of the Borrower is required by the terms of the Credit Agreement.

 Exhibit G 

Form of Assignment and Assumption 

 SCHEDULE 1 

To Assignment and Assumption 
 By its execution of
this Schedule, the Assignee identified on the signature block below agrees to the terms set forth in the attached Assignment and Assumption. 
 Assigned
Interests: 
  

							
	Aggregate Amount
of Revolving
Credit
Commitments/
Revolving Credit
Loans for
all
Lenders1	 	Amount of
Revolving Credit
Commitment/
Revolving Credit
Loans Assigned2	 	Percentage
Assigned of
Revolving Credit
Commitment/
Revolving Credit
Loans3	 	CUSIP Number
	
$
	 	 $
	 	        %	 	 

  

	
	[NAME OF ASSIGNEE]4
	[and is an Affiliate/Approved Fund of [identify Lender]5]
	
	By:
                                         
                               
	Name:
	Title:

  

	1 	 Amount to be adjusted by the counterparties to take into account any payments or prepayments made between the
Trade Date and the Effective Date. 

	2 	 Amount to be adjusted by the counterparties to take into account any payments or prepayments made between the
Trade Date and the Effective Date. 

	3 	 Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder.

	4 	 Add additional signature blocks, as needed. 

	5 	 Select as appropriate. 

Exhibit G 
 Form of 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] [the relevant] Assigned Interest, (ii) [the] [such] 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, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the
Loan Documents or any collateral thereunder, (iii) the financial condition of [Holdings,] the Borrower, any of [its][their respective] Subsidiaries or Affiliates or any other Person obligated in respect of any
Loan Document or (iv) the performance or observance by [Holdings,] the Borrower, any of [its][their respective] Subsidiaries or Affiliates or any other Person of any of their respective obligations under any
Loan Document. 
 1.2.    Assignee[s]. [The]
[Each] 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 and to consummate the transactions contemplated
hereby and to become a Lender under the Credit Agreement, (ii) it meets the requirements of an Eligible Assignee under the Credit Agreement (subject to such consents, if any, as may be required under
Section 11.9(b)(iii) 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]
[the relevant] 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] [such] 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 7.1 thereof, as applicable, and such other documents and information as it deems appropriate to make
its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the] [such] Assigned Interest, (vi) it has, independently and without reliance upon the Administrative Agent or any
other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the] [such] Assigned Interest,
and (vii) if it is a Foreign Lender, attached to the Assignment and Assumption is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by [the] [such]
Assignee; and (b) agrees that (i) it will, independently and without reliance upon the Administrative Agent, [the] [any] 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] [each] Assigned Interest (including payments of principal, interest, fees and other amounts) to [the] [the relevant] Assignor for
amounts which have accrued to but excluding the Effective Date and to [the] [the relevant] Assignee for amounts which have accrued from and after the Effective Date. 

Exhibit G 
 Form of Assignment and
Assumption 

 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 any number of counterparts, which together shall constitute one instrument. Delivery of an
executed counterpart of a signature page of this Assignment and Assumption by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and Assumption shall be governed by, and
construed in accordance with, the law of the State of New York. 
 Exhibit G 

Form of Assignment and Assumption 

 EXHIBIT H 

to 
 Credit Agreement 

dated as of April 30, 2018 
 by
and among 
 Anaplan, Inc., 
 as
Borrower, 
 the lenders party thereto, 

as Lenders, 
 and 

Wells Fargo Bank, National Association, 

as Administrative Agent 
 FORM
OF GUARANTY AGREEMENT 

 EXHIBIT I-1 

to 
 Credit Agreement 

dated as of April 30, 2018 
 by
and among 
 Anaplan, Inc., 
 as
Borrower, 
 the lenders party thereto, 

as Lenders, 
 and 

Wells Fargo Bank, National Association, 

as Administrative Agent 
 FORM
OF U.S. TAX COMPLIANCE CERTIFICATE 
 (NON-PARTNERSHIP FOREIGN LENDERS) 

 U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Credit Agreement dated as of April 30, 2018 (the “Credit Agreement”), by and among
Anaplan, Inc., a Delaware corporation (the “Borrower”), the lenders who are or may become a party thereto, as Lenders, and Wells Fargo Bank, National Association, as Administrative Agent. Capitalized terms used herein and not
defined herein shall have the meanings assigned thereto in the Credit Agreement. 
 Pursuant to the provisions of
Section 4.9 of the Credit Agreement, the undersigned hereby certifies that (a) it is the sole record and beneficial owner of the Revolving Credit Loan (as well as any Note evidencing such Revolving Credit Loan) in
respect of which it is providing this certificate, (b) it is not a bank within the meaning of Section 881(c)(3)(A) of the Code, (c) it is not a ten percent (10%) shareholder of the Borrower within the meaning of
Section 881(c)(3)(B) of the Code and (d) it is not a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished the Administrative Agent and the Borrower with a certificate of its non-U.S. Person status on IRS Form W-8BEN-E. By executing this certificate, the undersigned agrees that (a) if the
information provided on this certificate changes, the undersigned shall promptly so inform the Borrower and the Administrative Agent and (b) the undersigned shall have at all times furnished the Borrower and the Administrative Agent with a
properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two (2) calendar years preceding such payments. 

 

			
	[NAME OF LENDER]
		
	By:	 	  

		 	Name:
		 	Title:

 Date:             , 20     

Exhibit I-1 
 Form of U.S. Tax
Compliance Certificate 
 (For Foreign Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

 EXHIBIT I-2 

to 
 Credit Agreement 

dated as of April 30, 2018 
 by
and among 
 Anaplan, Inc., 
 as
Borrower, 
 the lenders party thereto, 

as Lenders, 
 and 

Wells Fargo Bank, National Association, 

as Administrative Agent 
 FORM
OF U.S. TAX COMPLIANCE CERTIFICATE 
 (NON-PARTNERSHIP FOREIGN PARTICIPANTS) 

 U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Credit Agreement dated as of April 30, 2018 (the “Credit Agreement”), by and among
Anaplan, Inc., a Delaware corporation (the “Borrower”), the lenders who are or may become party a thereto, as Lenders, and Wells Fargo Bank, National Association, as Administrative Agent. Capitalized terms used herein and not
defined herein shall have the meanings assigned thereto in the Credit Agreement. 
 Pursuant to the provisions of
Section 4.9 of the Credit Agreement, the undersigned hereby certifies that (a) it is the sole record and beneficial owner of the participation in respect of which it is providing this certificate, (b) it is not a
bank within the meaning of Section 881(c)(3)(A) of the Code, (c) it is not a ten percent (10%) shareholder of the Borrower within the meaning of Section 881(c)(3)(B) of the Code and (d) it is not a controlled foreign corporation
related to the 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-E. By executing this certificate, the undersigned agrees that
(a) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender in writing and (b) 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 (2) calendar years preceding such payments. 

 

			
	[NAME OF PARTICIPANT]
		
	By:	 	  

		 	Name:
		 	Title:

 Date:             , 20     

Exhibit I-2 
 Form of U.S. Tax
Compliance Certificate 
 (For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

 EXHIBIT I-3 

to 
 Credit Agreement 

dated as of April 30, 2018 
 by
and among 
 Anaplan, Inc., 
 as
Borrower, 
 the lenders party thereto, 

as Lenders, 
 and 

Wells Fargo Bank, National Association, 

as Administrative Agent 
 FORM
OF U.S. TAX COMPLIANCE CERTIFICATE 
 (FOREIGN PARTICIPANT PARTNERSHIPS) 

 U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Participants That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Credit Agreement dated as of April 30, 2018 (the “Credit Agreement”), by and among
Anaplan, Inc., a Delaware corporation (the “Borrower”), the lenders who are or may become party thereto, as Lenders, and Wells Fargo Bank, National Association, as Administrative Agent. Capitalized terms used herein and not
defined herein shall have the meanings assigned thereto in the Credit Agreement. 
 Pursuant to the provisions of
Section 4.9 of the Credit Agreement, the undersigned hereby certifies that (a) it is the sole record owner of the participation in respect of which it is providing this certificate, (b) its direct or indirect
partners/members are the sole beneficial owners of such participation, (c) with respect 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, (d) none of its direct or indirect partners/members is a ten percent (10%) shareholder of the Borrower within the meaning
of Section 881(c)(3)(B) of the Code and (e) none of its direct or indirect partners/members is a controlled foreign corporation related to the 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: (a) an IRS Form W-8BEN-E or (b) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN-E 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 (i) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender and (ii) 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 (2) calendar years preceding such
payments. 
  

			
	[NAME OF PARTICIPANT]
		
	By:	 	  

		 	Name:
		 	Title:

 Date:             , 20     

Exhibit I-3 
 Form of U.S. Tax
Compliance Certificate 
 (For Foreign Participants That Are Partnerships For U.S. Federal Income Tax Purposes) 

 EXHIBIT I-4 

to 
 Credit Agreement 

dated as of April 30, 2018 
 by
and among 
 Anaplan, Inc., 
 as
Borrower, 
 the lenders party thereto, 

as Lenders, 
 and 

Wells Fargo Bank, National Association, 

as Administrative Agent 
 FORM
OF U.S. TAX COMPLIANCE CERTIFICATE 
 (FOREIGN LENDER PARTNERSHIPS) 

 U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Lenders That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Credit Agreement dated as of April 30, 2018 (the “Credit Agreement”), by and among
Anaplan, Inc., a Delaware corporation (the “Borrower”), the lenders who are or may become party thereto, as Lenders, and Wells Fargo Bank, National Association, as Administrative Agent. Capitalized terms used herein and not defined
herein shall have the meanings assigned thereto in the Credit Agreement. 
 Pursuant to the provisions of
Section 4.9 of the Credit Agreement, the undersigned hereby certifies that (a) it is the sole record owner of the Revolving Credit Loan (as well as any Note evidencing such Revolving Credit Loan) in respect of which it
is providing this certificate, (b) its direct or indirect partners/members are the sole beneficial owners of such Revolving Credit Loan (as well as any Note evidencing such Revolving Credit Loan), (c) 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, (d) none of its direct or indirect partners/members is a ten percent (10%) shareholder of the Borrower within the meaning of Section 881(c)(3)(B) of the Code and
(e) none of its direct or indirect partners/members is a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished the Administrative Agent and the Borrower with IRS Form W-8IMY
accompanied by one of the following forms from each of its partners/members that is claiming the portfolio interest exemption: (a) an IRS Form W-8BEN-E or
(b) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN-E 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 (i) if the information provided on this certificate changes, the undersigned shall promptly so inform the Borrower and the
Administrative Agent and (ii) the undersigned shall have at all times furnished the Borrower and the Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is to be
made to the undersigned, or in either of the two (2) calendar years preceding such payments. 
  

			
	[NAME OF LENDER]
		
	By:	 	  

		 	Name:
		 	Title:

 Date:             , 20     

Exhibit H-4 
 Form of U.S. Tax
Compliance Certificate 
 (For Foreign Lenders That Are Partnerships For U.S. Federal Income Tax Purposes) 

 EXECUTION VERSION 
  

					
	

	  	  
 WELLS FARGO BANK, NATIONAL ASSOCIATION
	  	

 September 28, 2018 

Anaplan, Inc. 
 50 Hawthorne Street 

San Francisco, CA 94105 
 Attention: Michelle Greer 

 

	Re:	 Credit Agreement – Amendment. 

Ladies and Gentlemen: 
 Reference is made to that
certain Credit Agreement, dated as of April 30, 2018 (as in effect immediately prior to the effectiveness of this letter agreement, the “Credit Agreement”), by and among: (1) ANAPLAN, INC., a Delaware corporation (the
“Borrower”); (2) each of the lenders party thereto; and (3) WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent and Issuing Lender. Capitalized terms not defined in this letter agreement are used herein as
defined in the Credit Agreement. 
 The Borrower has requested certain amendments to the Credit Agreement as set forth below. 

Upon effectiveness of this letter agreement: 

(a) the definition of “Borrowing Base” in Section 1.1 of the Credit Agreement is hereby amended by replacing the phrase
“eighty percent (80%)” with the phrase “seventy-five percent (75%)”. 
 (b) the definition of “Eligible Accounts
Receivable” in Section 1.1 of the Credit Agreement is hereby amended and restated in its entirety as follows: 

““Eligible Accounts Receivable” means, as of any date of determination, the Credit Parties’ trade accounts which
are created in the ordinary course of the Borrower’s business and upon which the right to receive payment is absolute and not contingent upon the fulfillment of any condition whatsoever; provided that in no event shall “Eligible Accounts
Receivable” include: 
 (i) any account that is outstanding more than one hundred twenty (120) days past the invoice date for such
account; 
 (ii) any account for which there exists any right of setoff, defense or discount or for which any defense or counterclaims have
been asserted, other than (A) discounts allowed in the ordinary course of business to promote prompt payment, (B) adjustments and compromises in the ordinary course of business which do not, whether considered individually or in the
aggregate, 

 
materially diminish the aggregate amount of accounts receivable in existence at the time of any such adjustment or compromise and (C) without duplication of the discounts, adjustments and
compromises described in clauses (A) and (B), returns, rebates, discounts, credits or allowances not exceeding, in the aggregate for all Eligible Accounts Receivable for any three (3) month period, five percent (5%) of the gross sales of
the Credit Parties and their Subsidiaries for such three (3) month period; 
 (iii) any account which represents an obligation of a
Governmental Authority (except accounts which represent obligations of the United States government for which the assignment provisions of the Federal Assignment of Claims Act have been complied with to the Administrative Agent’s satisfaction);

 (iv) any account which arises from the sale or lease to, or performance of services for, or represents an obligation of, an employee,
Affiliate or Subsidiary of the Borrower; 
 (v) that portion of any account which represents interim or progress billings or retention rights
on the part of the account debtor; 
 (vi) any account which represents an obligation of any account debtor when twenty percent (20%) (or, if
approved by the Administrative Agent in its sole discretion on an account debtor by account debtor basis, up to thirty-five percent (35%)) or more of the Borrower’s accounts from such account debtor are outstanding more than one hundred twenty
(120) days past the invoice dates of such accounts; 
 (vii) that portion of any account from an account debtor which represents the
amount by which the Borrower’s total accounts from such account debtor exceeds twenty-five percent (25%) of the Borrowers’ total accounts, except as approved by the Administrative Agent in writing in its sole discretion; 

(viii) bill and hold (deferred shipment) or consignment sales; 

(ix) any account from an account debtor which is: (A) insolvent, (B) the debtor in any bankruptcy, insolvency, arrangement,
reorganization, receivership or similar proceedings under any federal or state law, (C) negotiating, or has called a meeting of its creditors for purposes of negotiating, a compromise of its debts or (D) has a credit rating unacceptable to
the Administrative Agent in its reasonable discretion; 
 (x) any account in which any other Person (other than the Administrative Agent) has
a Lien, other than a Permitted Lien; and 
 (xi) any account deemed ineligible by the Administrative Agent, when the Administrative Agent in
its reasonable discretion with notice to the Borrower deems (x) the creditworthiness or financial condition of the account debtor, (y) the industry in which the account debtor is engaged or (z) the country of origin of any account
debtor, to be unsatisfactory. 

  
 2 

 Notwithstanding anything herein to the contrary, all of the foregoing shall be determined by the
Administrative Agent upon receipt and review of all collateral reports required hereunder, and such other documents and collateral information as Administrative Agent may from time to time require. If after receipt and review of such collateral
reports and exams, the Administrative Agent reasonably concludes that Borrower has included in the Borrowing Base accounts which are not in fact Eligible Accounts Receivable, the Administrative Agent may reduce the Borrowing Base accordingly.”

 (c) Section 7.2(b) of the Credit Agreement is hereby amended by adding, at the beginning of clause (y) thereof, the phrase
“with respect to the deliverables described in clauses (i) and (ii) below only,”. 
 The provisions of this letter agreement
shall be effective upon the date of the Administrative Agent’s receipt of counterparts of this letter agreement executed by the Lenders and the Borrower. 

The Borrower hereby confirms that, on the date hereof, (i) the representations and warranties contained in Article VI of the Credit
Agreement and in the other Loan Documents are true and correct in all material respects (except to the extent any such representation and warranty is qualified by materiality or reference to Material Adverse Effect, in which case, such
representation and warranty shall be true, correct and complete in all respects), except for any such representation and warranty that by its terms is made only as of an earlier date, which representation and warranty shall remain true and correct
as of such earlier date, and (ii) no Default or Event of Default has occurred and is continuing. Each of the parties to this letter agreement acknowledges that, notwithstanding Section 6.20(a) of the Credit Agreement, Borrower has, as of
the date hereof, a de minimis number of assets located in Russia. 
 Except as specifically modified herein, the Credit Agreement and the
other Loan Documents shall remain in full force and effect and are hereby ratified and confirmed by the Borrower in all respects. This letter agreement may be executed in any number of identical counterparts, any set of which signed by all the
parties hereto shall be deemed to constitute a complete, executed original for all purposes. Transmission by facsimile, “pdf” or similar electronic copy of an executed counterpart of this letter agreement shall be deemed to constitute due
and sufficient delivery of such counterpart. This letter agreement shall be governed by, construed and enforced in accordance with, the laws of the State of New York. 

[This Space Intentionally Left Blank] 
  

  
 3 

 This letter agreement is a Loan Document as defined in the Credit Agreement, and the expense
reimbursement, indemnification, waiver of jury trial, submission to jurisdiction and other provisions of the Credit Agreement generally applicable to Loan Documents are applicable hereto and incorporated herein by this reference and this letter
agreement shall be interpreted, construed and enforced as if all such provisions were set forth in full in this letter agreement. 
  

			
	Sincerely,
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent and a Lender

 
			
		
	By:	 	 /s/ Lydia Diaconou

	Name: Lydia Diaconou
	Title: Director

 [Signature Page to Letter Agreement – Amendment (September 2018)] 

			
	Accepted and agreed to:
	
	 ANAPLAN, INC.,
 a Delaware
corporation

			
		
	By:	 	 /s/ David Morton

	Name: David Morton
	Title: EVP & CFO

 [Signature Page to Letter Agreement – Amendment (September 2018)] 

			
	COMERICA BANK,
	as a Lender

			
		
	By:	 	 /s/ Robert Hernandez

	Name: Robert Hernandez
	Title: Senior Vice President

 [Signature Page to Letter Agreement – Amendment (September 2018)] 

 The undersigned hereby acknowledges (a) that it expects to realize substantial direct and indirect benefits
as a result of this letter agreement and (b) it has received and reviewed the terms and conditions hereof. The undersigned hereby, to the extent it is a party to any Security Document or the Guaranty Agreement, (i) affirms and confirms its
guarantee, pledge, grant and other agreements under each such Security Document and the Guaranty Agreement and (ii) agrees that, notwithstanding the effectiveness of this letter agreement, each such Security Document, the Guaranty Agreement and
all guarantees, pledges, grants and other agreements thereunder shall continue to be in full force and effect in respect of, and to secure, the Secured Obligations and the Guaranteed Obligations (as defined in the Guaranty Agreement), as applicable.

  

			
	ANAPLAN LIMITED

 
			
		
	By:	 	 /s/ Gary Spiegel

	Name:	 	Gary Spiegel
	Title:	 	Director

 [Signature Page to Letter Agreement – Amendment (September 2018)]

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