Document:

EX-10.2

 Exhibit 10.2 

EXECUTION VERSION 

COLLATERAL MANAGEMENT AGREEMENT 

dated September 11, 2013 
 by
and between 
 NEWSTAR COMMERCIAL LOAN FUNDING 2013-1 LLC, 

as Issuer 
 and 

NEWSTAR FINANCIAL, INC., 
 as
Collateral Manager 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
			
	 Section 1.
	 	 Definitions
	  	 	1	  
			
	 Section 2.
	 	 General Duties and Authority of the Collateral Manager
	  	 	6	  
			
	 Section 3.
	 	 Purchase and Sale Transactions; Brokerage
	  	 	11	  
			
	 Section 4.
	 	 Additional Activities of the Collateral Manager
	  	 	14	  
			
	 Section 5.
	 	 Conflicts of Interest
	  	 	17	  
			
	 Section 6.
	 	 Records; Confidentiality
	  	 	18	  
			
	 Section 7.
	 	 Obligations of Collateral Manager
	  	 	19	  
			
	 Section 8.
	 	 Compensation
	  	 	20	  
			
	 Section 9.
	 	 Benefit of the Agreement
	  	 	22	  
			
	 Section 10.
	 	 Limits of Collateral Manager Responsibility
	  	 	22	  
			
	 Section 11.
	 	 No Joint Venture
	  	 	23	  
			
	 Section 12.
	 	 Term; Termination
	  	 	24	  
			
	 Section 13.
	 	 Assignments
	  	 	26	  
			
	 Section 14.
	 	 Removal for Cause
	  	 	27	  
			
	 Section 15.
	 	 Obligations of Resigning or Removed Collateral Manager
	  	 	29	  
			
	 Section 16.
	 	 Representations and Warranties
	  	 	30	  
			
	 Section 17.
	 	 Limited Recourse; No Petition
	  	 	33	  
			
	 Section 18.
	 	 Notices
	  	 	34	  
			
	 Section 19.
	 	 Binding Nature of Agreement; Successors and Assigns
	  	 	35	  
			
	 Section 20.
	 	 Entire Agreement; Amendment
	  	 	35	  
			
	 Section 21.
	 	 Governing Law
	  	 	35	  
			
	 Section 22.
	 	 Submission to Jurisdiction
	  	 	36	  
			
	 Section 23.
	 	 Waiver of Jury Trial
	  	 	36	  
			
	 Section 24.
	 	 Conflict with the Indenture
	  	 	36	  
			
	 Section 25.
	 	 Subordination; Assignment of Agreement
	  	 	36	  
			
	 Section 26.
	 	 Indulgences Not Waivers
	  	 	36	  
			
	 Section 27.
	 	 Costs and Expenses
	  	 	37	  
			
	 Section 28.
	 	 Third Party Beneficiary
	  	 	37	  
			
	 Section 29.
	 	 Titles Not to Affect Interpretation
	  	 	37	  
			
	 Section 30.
	 	 Execution in Counterparts
	  	 	37	  
			
	 Section 31.
	 	 Provisions Separable
	  	 	38	  

 COLLATERAL MANAGEMENT AGREEMENT 

THIS COLLATERAL MANAGEMENT AGREEMENT (as amended, supplemented or otherwise modified from time to time, this “Agreement”),
dated as of September 11, 2013, is entered into by and between NEWSTAR COMMERCIAL LOAN FUNDING 2013-1 LLC, a Delaware limited liability company (the “Issuer”), and NEWSTAR FINANCIAL, INC., a Delaware corporation, in its
capacity as collateral manager hereunder (together with its successors and permitted assigns, the “Collateral Manager”). 

WITNESSETH: 
 WHEREAS, the
Notes will be issued pursuant to an Indenture to be dated as of the date hereof (the “Indenture”), between the Issuer and U.S. Bank National Association, as trustee (the “Trustee”); 

WHEREAS, the Issuer intends to pledge all Collateral Obligations and the other Assets, all as set forth in the Indenture, to the Trustee as
security for the Issuer’s obligations under the Indenture; 
 WHEREAS, the Issuer desires to appoint NewStar Financial, Inc. as the
Collateral Manager to provide the services described herein and NewStar Financial, Inc. desires to accept such appointment; 
 WHEREAS, the
Indenture authorizes the Issuer to enter into this Agreement, pursuant to which the Collateral Manager agrees to perform, on behalf of the Issuer, certain investment management duties with respect to the acquisition, administration and disposition
of Assets in the manner and on the terms set forth herein and to perform such additional duties as are consistent with the terms of this Agreement and the Indenture as the Issuer may from time to time reasonably request; and 

WHEREAS, the Collateral Manager has the capacity to provide the services required hereby and is prepared to perform such services upon the
terms and conditions set forth herein. 
 NOW, THEREFORE, in consideration of the mutual agreements herein set forth and of other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 Section 1.
Definitions. 
  

	 	(a)	As used in this Agreement: 

 “Advisers Act” shall mean the U.S. Investment
Advisers Act of 1940, as amended. 
 “Affiliate Transaction” shall have the meaning set forth in Section 5(a).

 “Aggregate Collateral Management Fees” shall have the meaning set forth in Section 8(a). 

 “Aggregate Senior Collateral Management Fee” shall have the meaning set forth in
Section 8(a). 
 “Aggregate Subordinate Collateral Management Fee” shall have the meaning set forth in
Section 8(a). 
 “Agreement” shall have the meaning set forth in the preamble. 

“Cause” shall have the meaning set forth in Section 14(a). 

“Client” shall mean, with respect to any specified Person, any Person or account for which the specified Person provides
investment management services or investment advice. Solely for the purposes of this Agreement, the term Client includes one or more direct or indirect wholly owned subsidiaries of the Collateral Manager or of its affiliates which the Collateral
Manager or such affiliate treats as a proprietary account and not as a client for purposes of the Advisers Act. 
 “Collateral
Management Fees” shall have the meaning set forth in Section 8(a). 
 “Collateral Manager” shall have
the meaning set forth in the preamble. 
 “Collateral Manager Breaches” shall have the meaning set forth in
Section 10(a). 
 “Collateral Manager Information” shall mean the Collateral Manager Offering Circular
Information and any information in any amendment or supplement to the Final Offering Circular that supplements or amends any of the Collateral Manager Offering Circular Information. 

“Collateral Manager Notes” shall mean any Notes owned by the Collateral Manager, an Affiliate thereof, or any account, fund,
client or portfolio established and controlled by the Collateral Manager or an Affiliate thereof or for which the Collateral Manager or an Affiliate thereof acts as the investment adviser or with respect to which the Collateral Manager or an
Affiliate thereof exercises discretionary control thereover. 
 “Collateral Manager Offering Circular Information” shall
mean the information concerning the Collateral Manager in the Final Offering Circular set forth under the headings “Risk Factors—Risks Relating to the Collateral Manager”, “Risk Factors—Relating to Certain Conflicts of
Interest—Certain Conflicts of Interest Relating to the Collateral Manager and its Affiliates”, and “The Collateral Manager”. 

“Collateral Manager Standard” shall mean the standard of care set forth in Section 2(a). 

“Collateral Principal Amount” shall mean, as of any date of determination, the sum of (a) the Aggregate Principal Balance
of the Collateral Obligations (other than Defaulted Obligations except as otherwise expressly set forth herein or in the other Transaction Documents) and (b) without duplication, the amounts on deposit in any Account (including Eligible
Investments therein) representing Principal Proceeds; provided that for purposes of calculating the Concentration Limitations, Defaulted Obligations shall be included in the Collateral Principal Amount with a principal balance equal to the
Defaulted Obligation Balance thereof. 

  
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 “Concentration Account” shall mean the Concentration Account subject to the
Intercreditor Agreement. 
 “Cumulative Deferred Senior Management Fee” shall have the meaning set forth in
Section 8(a). 
 “Cumulative Deferred Subordinate Management Fee” shall have the meaning set forth in
Section 8(a). 
 “Current Deferred Senior Management Fee” shall have the meaning set forth in
Section 8(a). 
 “Current Deferred Subordinate Management Fee” shall have the meaning set forth in
Section 8(a). 
 “Expenses” shall have the meaning set forth in Section 10(b). 

“Fee Basis Amount” shall mean, as of any date of determination, the sum of (a) the Collateral Principal Amount,
(b) the aggregate outstanding principal balance of all Defaulted Obligations and (c) the aggregate amount of all Principal Financed Accrued Interest. 

“Final Offering Circular” shall mean the Final Offering Circular, dated as of September 9, 2013, with respect to the
Notes, as supplemented by the Supplement to Final Offering Circular, dated as of September 9, 2013. 
 “Indemnified
Party” shall have the meaning set forth in Section 10(b). 
 “Indenture” shall have the meaning set
forth in the recitals hereto. 
 “Independent” shall mean, as to any Person, any other Person (including, in the case of an
accountant or lawyer, a firm of accountants or lawyers, and any member thereof, or an investment bank and any member thereof) who (i) does not have and is not committed to acquire any material direct or any material indirect financial interest
in such Person or in any Affiliate of such Person, and (ii) is not connected with such Person as an officer, employee, promoter, underwriter, voting trustee, partner, manager, director or Person performing similar functions.
“Independent” when used with respect to any accountant may include an accountant who audits the books of such Person if in addition to satisfying the criteria set forth above, the accountant is independent with respect to such Person
within the meaning of Rule 101 of the Code of Professional Conduct of the American Institute of Certified Public Accountants. For purposes of this definition, no manager, director or independent review party of any Person will fail to be Independent
solely because such Person acts as an independent manager, independent director or independent review party thereof or of any such Person’s affiliates. Any pricing service, certified public accountant or legal counsel that is required to be
Independent of another Person under the Indenture must satisfy the criteria above with respect to the Issuer, the Collateral Manager and their Affiliates. 

  
 3 

 “Independent Review Party” shall have the meaning set forth in
Section 5(b). 
 “Instrument of Acceptance” shall have the meaning set forth in Section 12(c). 

“Intercreditor Agreement” shall mean the Intercreditor and Concentration Account Administration Agreement (Wachovia Deposit
Account), dated as of February 15, 2007, by and among U.S. Bank National Association, as account custodian and as secured party, Wachovia Capital Markets, LLC, as administrative agent of a credit facility, NewStar Financial, Inc., as
originator, as original servicer, as collateral manager and as concentration account servicer, NewStar CP Funding LLC, as seller under a credit facility, U.S. Bank National Association, as trustee for various facilities, NewStar Trust 2005-1, as an
issuer, NewStar Short-Term Funding LLC, as a borrower, NewStar Credit Opportunities Funding I Ltd., as seller under a credit facility, IXIS Financial Products Inc., as administrative agent of a credit facility and as an investor agent, NewStar
Warehouse Funding 2005 LLC, as an issuer, NewStar Structured Finance Opportunities, LLC, as an Issuer, NewStar Commercial Loan Trust 2006-1, as an issuer, NewStar Concentration LLC, as account titleholder, each party that from time to time executes
and delivers a joinder thereto and Wachovia Bank, National Association, as concentration account bank, as amended from time to time in accordance with the terms thereof. 

“Internal Policies” shall have the meaning set forth in Section 3(c). 

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

“Losses” shall have the meaning set forth in Section 10(b). 

“Material Adverse Effect” shall mean, with respect to any event or circumstance, a material adverse effect on (a) the
business, financial condition (other than the performance of the Assets) or operations of the Issuer, taken as a whole, (b) the validity or enforceability of the Indenture, this Agreement or the Issuer’s Limited Liability Company Agreement
or (c) the existence, perfection, priority or enforceability of the Trustee’s lien on the Assets. 
 “Offering
Circulars” shall mean, collectively, the Final Offering Circular and the Preliminary Offering Circulars. 
 “Organizational
Instruments” shall mean the memorandum and articles of association or certificate of incorporation and bylaws (or the comparable documents for the applicable jurisdiction), in the case of a corporation, or the partnership agreement, in the
case of a partnership, or the certificate of formation and limited liability company agreement (or the comparable documents for the applicable jurisdiction), in the case of a limited liability company. 

“Owner” shall mean, with respect to any Person, any direct or indirect shareholder, member, partner or other equity or
beneficial owner thereof. 

  
 4 

 “Preliminary Offering Circulars” shall mean (i) the first Preliminary
Offering Circular, dated July 11, 2013, with respect to the Notes and (ii) the second Preliminary Offering Circular, dated August 14, 2013, with respect to the Notes. 

“Registered Investment Adviser” shall mean a Person duly registered as an investment adviser in accordance with and pursuant
to Section 203 of the Advisers Act. 
 “Related Person” shall mean, with respect to any Person, the owners of the
equity interests therein, directors, officers, employees, managers, agents and professional advisors thereof. 
 “Responsible
Officer” shall mean, with respect to any Person, any duly authorized director, officer or manager of such Person with direct responsibility for the administration of the applicable agreement and also, with respect to a particular matter,
any other duly authorized director, officer or manager of such Person to whom such matter is referred because of such director’s, officer’s or manager’s knowledge of and familiarity with the particular subject. Each party may receive
and accept a certification of the authority of any other party as conclusive evidence of the authority of any Person to act, and such certification may be considered as in full force and effect until receipt by such other party of written notice to
the contrary. 
 “Section 28(e)” shall have the meaning set forth in Section 3(b). 

“Senior Collateral Management Fee” shall have the meaning set forth in Section 8(a). 

“Senior Collateral Management Fee Shortfall Amount” shall have the meaning set forth in Section 8(a). 

“Statement of Cause” shall have the meaning set forth in Section 14(a). 

“Subordinate Collateral Management Fee” shall have the meaning set forth in Section 8(a). 

“Subordinate Collateral Management Fee Shortfall Amount” shall have the meaning set forth in Section 8(a). 

“Supermajority” shall mean, with respect to any Class of Notes, the holders of at least 66-2/3% of the Aggregate Outstanding
Amount of the Notes of such Class. 
 “Termination Notice” shall have the meaning set forth in Section 14(a).

 “Transaction” shall mean any action taken by the Collateral Manager on behalf of the Issuer with respect to the Assets,
including, without limitation, (i) selecting the Collateral Obligations and Eligible Investments to be acquired, sold, terminated or otherwise deposed of by the Issuer, (ii) investing and reinvesting the Assets, (iii) amending,
waiving and/or taking any other action commensurate with managing the Assets and (iv) instructing the Trustee with respect to any acquisition, disposition or tender of, or Offer with respect to, a Collateral Obligation, Equity Security,
Eligible Investment or other assets received in respect thereof in the open market or otherwise by the Issuer. 

  
 5 

 “Trustee” shall have the meaning set forth in the recitals hereto. 

“Valuation” shall mean, with respect to any Collateral Obligation or Equity Security, a recent (as determined by the
Collateral Manager in its commercially reasonable business judgment in accordance with the Collateral Manager Standard) valuation of the fair market value of such Collateral Obligation or Equity Security established by (i) reference to a
third-party pricing service such as LoanX or LPC or other service selected by the Collateral Manager in accordance with the Collateral Manager Standard; provided that if a fair market value is available from more than one pricing service, the
highest such value so obtained shall be used, or (ii) if data for such Collateral Obligation or Equity Security is not available from such a pricing service, an analysis performed by a nationally-recognized valuation firm to establish a fair
market value of such Collateral Obligation or Equity Security which reflects the price that would be paid by a willing buyer to a willing seller of such Collateral Obligation or Equity Security in an expedited sale on an arm’s-length basis.

 (b) Capitalized terms used but not otherwise defined herein shall have the respective meanings assigned thereto in the Indenture. The
following rules apply to the use of defined terms and the interpretation of this Agreement: (i) the singular includes the plural and the plural includes the singular; (ii) “or” is not exclusive (unless preceded by
“either”) and “include” and “including” are not limiting; (iii) unless the context otherwise requires, references to agreements shall be deemed to mean and include such agreements as the same may be amended,
supplemented, waived and otherwise modified from time to time; (iv) a reference to a law includes any amendment or modification to such law and any rules or regulations issued thereunder or any law enacted in substitution or replacement
therefor; (v) a reference to a Person includes its successors and assigns; (vi) a reference to a Section without further reference is to the relevant Section of this Agreement; (vii) the headings of the Sections and subsections are
for convenience and shall not affect the meaning of this Agreement; (viii) “writing”, “written” and comparable terms refer to printing, typing, lithography and other shall mean of reproducing words in a visible form
(including telefacsimile and electronic mail); (ix) “hereof”, “herein”, “hereunder” and comparable terms refer to the entire instrument in which such terms are used and not to any particular article, section or
other subdivision thereof or attachment thereto; and (x) references to any gender include any other gender, masculine, feminine or neuter, as the context requires. 

Section 2. General Duties and Authority of the Collateral Manager. 

(a) NewStar Financial, Inc. is hereby appointed as Collateral Manager of the Issuer for the purpose of performing certain investment
management functions including, without limitation, supervising and directing the investment and reinvestment of the Collateral Obligations and Eligible Investments and performing certain administrative and advisory functions on behalf of the Issuer
in accordance with the applicable provisions of this Agreement, the Master Loan Sale Agreement, and the Indenture, and NewStar Financial, Inc. hereby accepts such appointment. The Collateral Manager will perform its obligations hereunder, under the

  
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Master Loan Sale Agreement and under the Indenture with reasonable care and in good faith, (i) using a degree of skill and attention no less than that which the Collateral Manager exercises
with respect to comparable assets that it may manage for itself and its Clients and which is consistent with the customary and usual collateral management practices that a prudent collateral manager of national recognition in the United States would
use to manage comparable assets for its own account and for the account of others, and (ii) in accordance with the Collateral Manager’s existing practices and procedures with respect to investing in assets of the nature and character of
the Assets. To the extent not inconsistent with the foregoing, the Collateral Manager will follow its customary standards, policies and procedures in performing its duties under this Agreement, the Master Loan Sale Agreement and the Indenture. 

(b) Subject to Section 2(a), Section 2(c)(i), Section 2(e), Section 5, Section 7
and Section 10 and to the applicable provisions of the Indenture, the Collateral Manager shall, and is hereby authorized to: 

(i) select the Collateral Obligations and Eligible Investments to be acquired, sold, terminated or otherwise disposed of by the Issuer; 

(ii) invest and reinvest the Assets as provided in the Indenture; 

(iii) instruct the Trustee with respect to any acquisition, disposition or tender of, or Offer with respect to, a Collateral Obligation, Equity
Security, Eligible Investment or other assets received in respect thereof in the open market or otherwise by the Issuer; and 
 (iv) perform
all other tasks and take all other actions that any of the Indenture, the Master Loan Sale Agreement or this Agreement specify are to be taken by the Collateral Manager. 

The Collateral Manager shall, and is hereby authorized to, perform its obligations hereunder and under the Indenture and the Master Loan Sale
Agreement in a manner which is consistent with the terms hereof and the applicable terms of the Indenture and the Master Loan Sale Agreement. The Collateral Manager will not be bound to comply with any supplement to the Indenture, however, until it
has received a copy of any such supplement from the Issuer or the Trustee and unless the Collateral Manager has consented thereto, as provided in the Indenture. 

Notwithstanding anything to the contrary in this Section 2(b), none of the services performed by the Collateral Manager shall
result in or be construed as resulting in an obligation to perform any of the following: (i) the Collateral Manager acting repeatedly or continuously as an intermediary in securities for the Issuer; (ii) the Collateral Manager providing
investment banking services to the Issuer; or (iii) the Collateral Manager having direct contact with, or actively soliciting or finding, outside investors to invest in the Issuer. 

  
 7 

 (c) Subject to the provisions concerning its general duties and obligations as set forth in
paragraphs (a) and (b) above and the terms of the Indenture, the Collateral Manager shall provide, and is hereby authorized to provide, the following services to the Issuer: 

(i) The Collateral Manager shall perform the investment-related duties and functions (including, without limitation, the furnishing of Issuer
Orders and Responsible Officer’s certificates) as are expressly required hereunder and under the Indenture with regard to acquisitions, sales or other dispositions of Collateral Obligations, Equity Securities, Eligible Investments and other
assets permitted to be acquired or sold under, and subject to, the Indenture (including any proceeds received by way of Offers, workouts and restructurings of assets owned by the Issuer) and shall comply with the requirements in the Indenture. The
Collateral Manager shall have no obligation to perform any other duties other than as expressly specified herein, in the Indenture or in the Master Loan Sale Agreement as applicable to it, and the Collateral Manager shall be subject to no implicit
obligations of any kind. The Issuer hereby irrevocably (except as provided below) appoints the Collateral Manager as its true and lawful agent and attorney-in-fact (with full power of substitution) in its name, place and stead and at its expense, in
connection with the performance of its duties provided for in this Agreement, in the Indenture or in the Master Loan Sale Agreement, including, without limitation, the following powers: (A) to give or cause to be given any necessary receipts or
acquittance for amounts collected or received hereunder or thereunder, (B) to make or cause to be made all necessary transfers of the Collateral Obligations, Equity Securities and Eligible Investments in connection with any acquisition, sale,
termination or other disposition made pursuant hereto and the Indenture and the Master Loan Sale Agreement, (C) to execute (under hand, under seal or as a deed) and deliver or cause to be executed and delivered on behalf of the Issuer all
necessary or appropriate bills of sale, assignments, agreements and other instruments in connection with any such acquisition, sale, termination or other disposition, (D) to make or cause to be made all Draw Requests and Class A-R
Prepayments, and (E) to execute (under hand, under seal or as a deed) and deliver or cause to be executed and delivered on behalf of the Issuer any consents, votes, proxies, waivers, notices, amendments, modifications, agreements, instruments,
orders or other documents in connection with or pursuant to this Agreement, the Master Loan Sale Agreement, the Class A-R Purchase Agreement or the Indenture relating to any Collateral Obligation, Equity Security, Eligible Investment, Draw
Request or Class A-R Prepayment. The Issuer hereby ratifies and confirms all that such attorney-in-fact (or any substitute) shall lawfully do hereunder and pursuant hereto and authorizes such attorney-in-fact to exercise full discretion and act
for the Issuer in the same manner and with the same force and effect as the members, managers or officers of the Issuer might or could do in respect of the performance of such services, as well as in respect of all other things the Collateral
Manager deems necessary or incidental to the furtherance or conduct of such services, subject in each case to the other terms of this Agreement. The Issuer hereby authorizes such attorney-in-fact, in its sole discretion (but subject to applicable
law and the provisions of this Agreement and the Indenture), to take all actions that it considers reasonably necessary and appropriate in respect of the Assets, this Agreement, the Indenture and the other Transaction Documents. Nevertheless, if so
requested by the Collateral Manager or by a purchaser of any Collateral Obligation or Eligible Investment, the Issuer shall ratify and confirm any such sale, termination or other disposition by executing and delivering to the Collateral Manager or
such purchaser all proper bills of sale, assignments, releases, powers of attorney, proxies, other orders and other instruments as may reasonably be designated in any such request. Except as otherwise set forth and provided for herein, this grant of
power of attorney is coupled with an interest, and it shall survive and not be affected by the subsequent dissolution or bankruptcy of the Issuer. Notwithstanding anything herein to the contrary, the

  
 8 

 
appointment herein of the Collateral Manager as the Issuer’s agent and attorney-in-fact shall automatically cease and terminate upon any termination of this Agreement or upon the effective
date of the appointment of a successor Collateral Manager following the resignation of the Collateral Manager pursuant to Section 12 or any removal of the Collateral Manager pursuant to Section 14. Each of the Collateral
Manager and the Issuer shall take such other actions, and furnish such certificates, opinions and other documents, as may be reasonably requested by the other party hereto in order to effectuate the purposes of this Agreement and to facilitate
compliance with applicable laws and regulations and the terms of this Agreement, the Indenture, the Class A-R Purchase Agreement and the Master Loan Sale Agreement. 

(ii) The Collateral Manager shall instruct the Issuer with respect to the acquisition of Collateral Obligations by the Issuer in accordance
with the Indenture. 
 (iii) Pursuant to the terms of this Agreement and subject to any applicable terms of the Indenture, the Collateral
Manager shall monitor the Assets on behalf of the Issuer on an ongoing basis and shall provide or cause to be provided to the Issuer all reports, schedules and other data reasonably available to the Collateral Manager that the Issuer is required to
prepare and deliver or cause to be prepared and delivered under the Indenture, in such forms and containing such information required thereby, in reasonably sufficient time for such required reports, schedules and data to be reviewed and delivered
by or on behalf of the Issuer to the parties entitled thereto under the Indenture. The obligation of the Collateral Manager to furnish such reports, schedules and other data is subject to the Collateral Manager’s timely receipt of necessary
information, reports, schedules and other data from the Person responsible for the delivery or preparation thereof (including without limitation, Obligors of the Collateral Obligations, the Rating Agencies and the Trustee) and to any confidentiality
restrictions with respect thereto. The Collateral Manager 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 reasonably
believed by it to be genuine and to have been signed or sent by a Person that the Collateral Manager has no reason to believe is not duly authorized. The Collateral Manager also may rely upon any statement made to it orally or by telephone and made
by a Person the Collateral Manager has no reason to believe is not duly authorized, and shall not incur any liability for relying thereon. The Collateral Manager is entitled to rely on any other information furnished to it by third parties that it
reasonably believes in good faith to be genuine. 
 (iv) The Collateral Manager, on behalf of the Issuer, shall be responsible for obtaining,
to the extent reasonably practicable and to the extent such information is readily available to it, any information concerning whether a Collateral Obligation is a Discount Obligation or has become a Defaulted Obligation, a Credit Risk Obligation, a
Current Pay Obligation or a Credit Improved Obligation. 

  
 9 

 (v) The Collateral Manager may, subject to and in accordance with the Indenture, as agent of the
Issuer and on behalf of the Issuer, direct the Trustee to take any of the following actions with respect to a Collateral Obligation, Equity Security or Eligible Investment, as applicable: 

(A) purchase or otherwise acquire such Collateral Obligation or Eligible Investment; 

(B) retain such Collateral Obligation, Equity Security or Eligible Investment; 

(C) sell or otherwise dispose of such Collateral Obligation, Equity Security or Eligible Investment (including any assets
received by way of Offers, workouts and restructurings on assets owned by the Issuer) in the open market or otherwise; 
 (D)
if applicable, tender such Collateral Obligation, Equity Security or Eligible Investment; 
 (E) if applicable, consent to or
refuse to consent to any proposed amendment, modification, restructuring, exchange or waiver; 
 (F) retain or dispose of any
securities or other property (if other than cash) received by the Issuer; 
 (G) waive any default with respect to any
Defaulted Obligation; 
 (H) vote to accelerate the maturity of any Defaulted Obligation; 

(I) participate in a committee or group formed by creditors of an issuer or a borrower under a Collateral Obligation, Equity
Security or Eligible Investment; 
 (J) after or in connection with the payment in full of all amounts owed under the Notes
and the termination without replacement of the Indenture or in connection with any redemption of the Notes, advise the Issuer as to when, in the view of the Collateral Manager, it would be in the best interest of the Issuer to liquidate the
Issuer’s investment portfolio (and, if applicable, after discharge of the Indenture) and render such assistance as may be necessary or required by the Issuer in connection with such liquidation or any actions necessary to effectuate a
redemption of the Notes; 
 (K) advise and assist the Issuer with respect to the valuation of the Assets, to the extent
required or permitted by the Indenture; 
 (L) provide strategic and financial planning (including advice on utilization of
assets), financial statements and other similar reports; 
 (M) negotiate, modify or amend any indebtedness of the Issuer as
authorized by the Indenture in connection with a Refinancing; and 
 (N) exercise any other rights or remedies with respect
to such Collateral Obligation, Equity Security or Eligible Investment as provided in the 

  
 10 

 
Underlying Documents of the Obligor or issuer of such Assets or the other documents governing the terms of such Assets or take any other action consistent with the terms of this Agreement or the
Indenture which the Collateral Manager reasonably determines to be in the best interests of the Issuer. 
 (vi) The Collateral Manager may,
upon request of the Issuer, retain accounting, tax, counsel and other professional services on behalf of the Issuer as may be needed by the Issuer. 

(vii) In connection with the acquisition of any Collateral Obligation by the Issuer, the Collateral Manager shall prepare, on behalf of the
Issuer, the information required to be delivered to the Trustee pursuant to the Indenture. 
 (viii) Where the Collateral Manager executes on
behalf of the Issuer an agreement or instrument pursuant to which any security interest over any assets of the Issuer is created or released, the Collateral Manager shall promptly give written notice thereof to the Issuer and shall provide the
Issuer with such information and/or copy documentation in respect thereof as the Issuer may reasonably require. 
 (d) In performing
its duties hereunder and when exercising its discretion and judgment in connection with any transactions involving the Assets, the Collateral Manager shall carry out any reasonable written directions of the Issuer for the purpose of the
Issuer’s compliance with its Organizational Instruments and the Indenture; provided that such directions are not inconsistent with any provision of this Agreement or the Indenture by which the Collateral Manager is bound or prohibited by
applicable law. 
 (e) In providing services hereunder, the Collateral Manager may, without the consent of any Person, delegate
to third parties (including without limitation its affiliates) the duties assigned to the Collateral Manager under this Agreement, and employ third parties (including without limitation its affiliates) to render advice (including investment advice),
to provide services to arrange for trade execution and otherwise provide assistance to the Issuer, and to perform any of the Collateral Manager’s duties under this Agreement; provided that the Collateral Manager shall not
(i) delegate investment advice responsibilities including, without limitation, asset selection, credit review and the negotiation and determination of the acquisition price of a Collateral Obligation, to non-affiliates or (ii) be relieved
of any of its duties hereunder regardless of the performance of any services by third parties, including affiliates. 

Section 3. Purchase and Sale Transactions; Brokerage. 

(a) The Collateral Manager, subject to and in accordance with the Indenture and the Master Loan Sale Agreement, as applicable, hereby agrees
that it shall cause any Transaction to be conducted on terms and conditions negotiated on an arm’s-length basis (except as otherwise expressly required by the Indenture or the Master Loan Sale Agreement) and in accordance with applicable law.
Except as expressly permitted under the Indenture, no Assets (other than any Delayed Drawdown Collateral Obligations or Revolving Collateral Obligations) shall be purchased if such Assets may give rise to any obligation or liability on the
Issuer’s part to the Obligor or issuer thereof to take any action or make any payment other than at the Issuer’s option. 

  
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 (b) To the extent required by applicable law, the Collateral Manager will seek to obtain best
execution (but shall have no obligation to obtain the lowest price available) for all orders placed with respect to any Transaction, in a manner permitted by law and in a manner it believes to be in the best interests of the Issuer. Subject to the
preceding sentence, the Collateral Manager may, in the allocation of business, select brokers and/or dealers with whom to effect trades on behalf of the Issuer and may open cash trading accounts with such brokers and dealers (provided that
none of the Assets may be credited to, held in or subject to the lien of the broker or dealer with respect to any such account). In addition, subject to the first sentence of this paragraph, the Collateral Manager may, in the allocation of business,
take into consideration research and other brokerage services furnished to the Collateral Manager or its affiliates by brokers and dealers which are not affiliates of the Collateral Manager; provided that the Collateral Manager in good faith
believes that the compensation for such services rendered by such brokers and dealers complies with the requirements of Section 28(e) of the Securities Exchange Act of 1934, as amended (“Section 28(e)”), or in the case of
principal or fixed income transactions for which the “safe harbor” of Section 28(e) is not available, the amount of the spread charged is reasonable in relation to the value of the research and other brokerage services provided. Such
services may be used by the Collateral Manager in connection with its other advisory activities or investment operations. The Collateral Manager may aggregate sales and purchase orders placed with respect to the Assets with similar orders being made
simultaneously for itself, its affiliates or other accounts managed by the Collateral Manager or by affiliates of the Collateral Manager, if in the Collateral Manager’s reasonable judgment such aggregation shall result in an overall economic
benefit to the Issuer, taking into consideration the advantageous selling or purchase price, brokerage commission or other expenses, as well as the availability of such obligations or securities on any other basis. In accounting for such aggregated
order price, commissions and other expenses may be apportioned on a weighted average basis. The Issuer acknowledges and agrees that (i) the determination by the Collateral Manager of any benefit to the Issuer will be subjective and will
represent the Collateral Manager’s evaluation at the time that the Issuer will be benefited by relatively better purchase or sale prices, lower brokerage commissions, lower transaction costs and expenses and beneficial timing of transactions or
any combination of any of these and/or other factors and (ii) the Collateral Manager shall be fully protected with respect to any such determination to the extent the Collateral Manager acts in accordance with the Collateral Manager Standard.

 (c) The Collateral Manager may, from time to time, be presented with investment opportunities that fall within the investment objectives
of the Issuer, of the Collateral Manager and its affiliates, of Clients of the Collateral Manager or its affiliates and of Persons with whom the Collateral Manager has entered into co-investment arrangements. In such circumstances, the Collateral
Manager expects to allocate such opportunities among the Collateral Manager, its affiliates, Clients of the Collateral Manager or its affiliates and any other Persons with whom the Collateral Manager has entered into any co-investment arrangement,
as applicable, in accordance with the allocation policy of the Collateral Manager, as such policy may be amended from time to time, and on a basis that the Collateral Manager determines in good faith is appropriate taking into consideration such
factors as any allocation and/or co-investment policy agreed to with any 

  
 12 

 
such Persons, as applicable, and the contractual and legal duties owed to such Persons, as applicable, the primary investment mandates of each, the capital available to each, any restrictions on
investment applicable thereto, the sourcing of the transaction, the size of the transaction, the amount of potential follow-on investing that may be required for such investment and the other investments held by each, the relation of such
opportunity to the investment strategy thereof, reasons of portfolio balance, the remaining investment or reinvestment period thereof and any other consideration deemed relevant by the Collateral Manager in good faith. The Collateral Manager will
seek to allocate investment opportunities across the Persons for which such opportunities are appropriate in a manner that is fair and equitable over time and consistent with (1) its internal conflict of interest and allocation policies (as the
same may be amended from time to time, the “Internal Policies”), (2) any allocation and/or co-investment policy or agreement entered into with any such Person, as each may be amended from time to time, and (3) the
requirements of applicable law. 
 (d) Subject to the covenants set forth in Section 5 with respect to repurchases or
substitutions, the Collateral Manager may effect Transactions where the Collateral Manager causes a Transaction to be effected between the Issuer and another Client of the Collateral Manager or any of its affiliates at any time that the Collateral
Manager believes such Transaction to be fair to the Issuer and the other such party involved. The Collateral Manager may direct the Issuer to acquire or dispose of Collateral Obligations in trades between the Issuer and other Clients of the
Collateral Manager or its affiliates in accordance with applicable contractual and regulatory requirements. In such case, the Collateral Manager and such affiliates may have a potentially conflicting division of loyalties and responsibilities
regarding the Issuer and the other parties to such trade. Under certain circumstances, the Collateral Manager and its affiliates may determine that it is appropriate to avoid such conflicts by purchasing or selling a Collateral Obligation at a fair
value that has been calculated pursuant to the Collateral Manager’s valuation procedures to another Client of the Collateral Manager or such affiliates. 

(e) The Collateral Manager may effect Transactions where the Issuer may invest in loans and securities of Obligors or issuers in which the
Collateral Manager and/or its affiliates have a debt, equity or participation interest or may acquire Collateral Obligations from the Collateral Manager or one of its affiliates, in each case in accordance with applicable law, which may include,
(a) in connection with the Issuer’s purchase of Closing Date Assets on the Closing Date, the Collateral Manager obtaining the consent and approval of or on behalf of the Issuer by receiving the consent of the investors purchasing an
interest in the Notes on the Closing Date as described in the section in the Final Offering Circular titled “—Related Parties; Purchase Price of Closing Date Assets and Certain Additional Collateral Obligations Prior to the Effective
Date”, and (b) in connection with the Issuer’s purchase of additional Collateral Obligations after the Closing Date (other than the acquisition of any Collateral Obligation whose acquisition by the Issuer is consented to by the
investors as described in clause (a)), the Collateral Manager, if required by applicable law or otherwise at its discretion, obtaining the consent and approval thereto of the Issuer or of the Independent Review Party, if any, on behalf of the
Issuer, in either case prior to engaging in any such transactions between the Issuer and the Collateral Manager or its affiliates.

  
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 (f) In addition, in the future and with the prior blanket authorization of the Issuer, which can
be revoked at any time thereafter, the Collateral Manager may enter into agency cross transactions where it or any of its Affiliates acts as broker for the Issuer and for the other party to the transaction, to the extent permitted under applicable
law. To the extent that any such transactions are Affiliate Transactions, the Collateral Manager shall if required by applicable law and otherwise in its discretion may obtain the written consent to such transaction of the Issuer or of the
Independent Review Party appointed by the Issuer, if any. However, the Issuer will be barred from acquiring debt assets issued by Portfolio Companies. 

(g) The Issuer acknowledges and agrees that the Collateral Manager or any of its affiliates may acquire or sell Assets, for its own account or
for the accounts of its Clients, without either requiring or precluding the acquisition or sale of such Assets for the account of the Issuer. Such investments may be the same or different from those made on behalf of the Issuer. The Issuer
acknowledges that the Collateral Manager and its affiliates may enter into, for their own accounts or for the accounts of others, credit default swaps relating to Obligors and issuers with respect to the Collateral Obligations and Eligible
Investments included in the Assets. 
 Section 4. Additional Activities of the Collateral Manager. 

Nothing herein shall prevent the Collateral Manager or any of its affiliates from engaging in other businesses, or from rendering services of
any kind to the Issuer, the Trustee, the Placement Agent, any Holder or their respective Affiliates or any other Person or entity regardless of whether such business is in competition with the Issuer or otherwise. Without prejudice to the generality
of the foregoing, partners, members, managers, shareholders, directors, officers, employees and agents of the Collateral Manager, affiliates of the Collateral Manager, and the Collateral Manager may: 

(a) serve as managers or directors (whether supervisory or managing), officers, employees, members, shareholders, partners, agents, nominees or
signatories for the Issuer or any affiliate thereof, or for any Obligor or issuer in respect of any of the Collateral Obligations, Equity Securities or Eligible Investments or any affiliate thereof, to the extent permitted by their respective
Organizational Instruments and Underlying Documents, as from time to time amended, or by any resolutions duly adopted by the Issuer, its affiliates or any Obligor or issuer in respect of any of the Collateral Obligations, Eligible Investments or
Equity Securities (or any affiliate thereof) pursuant to their respective Organizational Instruments or otherwise; 
 (b) receive fees for
services of whatever nature, including, without limitation, origination, closing, structuring and other fees, rendered to the Obligor or issuer in respect of any of the Collateral Obligations, Eligible Investments or Equity Securities or any
affiliate thereof; 
 (c) be retained to provide services unrelated to this Agreement to the Issuer or its affiliates and be paid therefor,
on an arm’s-length basis; 
 (d) be a secured or unsecured creditor of, or hold a debt obligation of or equity interest in, the Issuer
or any affiliate thereof or any Obligor or issuer of any Collateral Obligation, Eligible Investment or Equity Security or any affiliate thereof; 

  
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 (e) subject to any applicable provisions in Section 3 or Section 5, sell
any Collateral Obligation or Eligible Investment to, or purchase or acquire any Collateral Obligation or Equity Security from, the Issuer while acting in the capacity of principal or agent; 

(f) underwrite, arrange, structure, originate, syndicate, act as a distributor of or make a market in any Collateral Obligation, Equity
Security or Eligible Investment; 
 (g) serve as a member of any “creditors’ board”, “creditors’ committee” or
similar creditor group with respect to any Collateral Obligation, Defaulted Obligation, Eligible Investment or Equity Security; or 
 (h) act
as collateral manager, portfolio manager, investment manager and/or investment adviser or sub-adviser for Persons issuing securities backed by loans and other assets similar to the Assets, collateralized loan obligation vehicles, separately managed
accounts, private funds or other pooled investment vehicles and other similar investment vehicles owned in whole or in part by any of the Collateral Manager, any affiliate thereof, any other Related Person or any nonaffiliated third party. 

As a result, such individuals and Persons may possess information relating to Obligors and issuers of Collateral Obligations that is
(a) not known to or (b) known but restricted as to its use by the individuals at the Collateral Manager responsible for monitoring the Collateral Obligations and performing the other obligations of the Collateral Manager under this
Agreement. Each of such ownership and other relationships may result in securities laws restrictions on transactions in such securities by the Issuer and otherwise create conflicts of interest for the Issuer. The Issuer acknowledges and agrees that,
in all such instances, the Collateral Manager and its affiliates may in their discretion make investment recommendations and decisions that may be the same as or different from those made with respect to the Issuer’s investments and they have
no duty, in making or managing such investments, to act in a way that is favorable to the Issuer. 
 The Issuer acknowledges that the
Collateral Manager does not expect to maintain information barriers with respect to confidential communications which restrict the Collateral Manager from purchasing securities for itself, its affiliates or its Clients. The officers, employees or
affiliates of the Collateral Manager may possess information relating to Obligors and issuers of Collateral Obligations that is not known to the individuals at the Collateral Manager responsible for monitoring the Collateral Obligations and
performing the other obligations under this Agreement. The Collateral Manager may from time to time come into possession of material non-public information that limits the ability of the Collateral Manager to effect a transaction for the Issuer, and
the Issuer’s investments may be constrained as a consequence of the Collateral Manager’s inability to use such information for advisory purposes or otherwise to effect transactions that otherwise may have been initiated on behalf of the
Issuer. 
 The Collateral Manager in its discretion may not, or if required by applicable law will not, direct the Trustee to acquire or
sell Collateral Obligations, Equity Securities or Eligible Investments issued by (i) Persons of which the Collateral Manager, any of its affiliates or any of its officers, directors or employees are directors or officers, (ii) Persons of
which the Collateral 

  
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Manager, or any of its respective affiliates act as principal or (iii) Persons about which the Collateral Manager or any of its affiliates have material non-public information which the
Collateral Manager deems would prohibit it from advising as to the trading of such obligations or securities in accordance with applicable law. 

It is understood that the Collateral Manager and any of its affiliates may engage in any other business and furnish investment management and
advisory services to others, including Persons which may have investment policies similar to those followed by the Collateral Manager with respect to the Assets and which may own obligations or securities of the same class, or which are of the same
type, as the Collateral Obligations or the Eligible Investments or other obligations or securities of the Obligors or issuers of the Collateral Obligations or the Eligible Investments. The Collateral Manager will be free, in its sole discretion, to
make recommendations to others, or effect transactions on behalf of itself or for others, which may be the same as or different from those effected with respect to the Assets. Nothing in the Indenture and this Agreement shall prevent the Collateral
Manager or any of its affiliates, acting either as principal or agent on behalf of others, from buying or selling, or from recommending to or directing any other account to buy or sell, at any time, obligations or securities of the same kind or
class, or obligations or securities of a different kind or class of the same Obligor or issuer, as those directed by the Collateral Manager to be purchased or sold on behalf of the Issuer. It is understood that, to the extent permitted by applicable
law, the Collateral Manager, its Owners, their affiliates or their respective Related Persons or any member of their families or a Person or entity advised by the Collateral Manager may have an interest in a particular transaction or in obligations
or securities of the same kind or class, or obligations or securities of a different kind or class of the same Obligor or issuer, as those whose acquisition or sale the Collateral Manager may direct hereunder. If, in light of market conditions and
investment objectives, the Collateral Manager determines that it would be advisable to purchase the same Collateral Obligation both for the Issuer, the Collateral Manager, any of its affiliates, any Client of the Collateral Manager or of its
affiliates and any other Person with whom the Collateral Manager has entered into any co-investment arrangement, as applicable, the Collateral Manager will allocate such investment opportunities across such Person for which such opportunities are
appropriate consistent with (i) its Internal Policies, (ii) any allocation and/or co-investment policy or agreement entered into with any such Person, as applicable, as each may be amended from time to time, and (iii) any applicable
requirements of the Advisers Act. The Issuer agrees that, in the course of managing the Collateral Obligations held by the Issuer, the Collateral Manager may consider its relationships with its Clients (including Obligors and issuers) and its
affiliates. The Collateral Manager may decline to make a particular investment for the Issuer in view of such relationships. 
 The
Issuer acknowledges that the Collateral Manager and its affiliates may make and/or hold investments in an Obligor’s or issuer’s obligations or securities that may be pari passu, senior or junior in ranking to an investment in such
Obligor’s or issuer’s obligations or securities made and/or held by the Issuer, or otherwise have interests different from or adverse to those of the Issuer and may consider such interests in the course of managing the Collateral
Obligations held by the Issuer. 

  
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 Section 5. Conflicts of Interest. 

(a) Subject to compliance with any applicable laws and regulations and subject to this Agreement and the applicable provisions of the Master
Loan Sale Agreement and the Indenture, the Collateral Manager may direct the Trustee to acquire a Collateral Obligation from, or sell a Collateral Obligation or Equity Security to, the Collateral Manager, any of its affiliates or any Client of
Collateral Manager or any of its affiliates for fair market value (or as may be otherwise expressly required in the Transaction Documents (but in no event for less than fair market value) in connection with the repurchase or substitution of a
Collateral Obligation by the Transferor under the Master Loan Sale Agreement). Fair market value will be determined as follows in connection with any sale by the Issuer to an Affiliate: Any Collateral Obligation or Equity Security sold by the Issuer
to an Affiliate shall be sold at a price equal to the value determined either (i) by reference to bids for such Collateral Obligation or Equity Security from three unaffiliated loan market participants (or, if the Collateral Manager is unable
to obtain bids from three such participants, then such lesser number of unaffiliated loan market participants from which the Collateral Manager can obtain bids using efforts consistent with the Collateral Manager Standard), or (ii) if the
Collateral Manager is unable to obtain any bids for such Collateral Obligation or Equity Security from an unaffiliated loan market participant, the value (determined as the bid side market value) of such Collateral Obligation or Equity Security
either (A) as reasonably determined by the Collateral Manager (so long as the Collateral Manager is a Registered Investment Adviser) consistent with the Collateral Manager Standard, which value shall be consented to by the Issuer through the
Independent Review Party, if any, when required or permitted pursuant to this Agreement and certified by the Collateral Manager to the Trustee or (B) as determined by a Valuation obtained by the Collateral Manager with respect thereto. The
Collateral Manager shall if required by applicable law and otherwise in its discretion may obtain the written consent of the Issuer or of the Independent Review Party appointed by the Issuer, if any, as provided herein if any such transaction
requires the consent of the Issuer under Section 206(3) of the Advisers Act (an “Affiliate Transaction”) or as may be otherwise requested by the Collateral Manager. The Issuer acknowledges that an affiliate of the Collateral
Manager will hold or beneficially own all or a portion of the outstanding Interests and certain Classes (or Class) of Notes, that the Collateral Manager, its affiliates, or Clients of the Collateral Manager or of its affiliates may acquire Notes or
Interests and that any such investment may give rise to conflicts of interest between the Collateral Manager’s duties to the Issuer under this Agreement and such other interests. In these and other circumstances, the interests of the Issuer
and/or the Holders with respect to matters as to which the Collateral Manager is advising the Issuer may conflict with the interests of the Collateral Manager, its affiliates or their respective Clients. The Issuer hereby acknowledges that various
potential and actual conflicts of interest may exist with respect to the Collateral Manager as described herein, in any other Transaction Document or in the Final Offering Circular; provided that nothing in this Section 5 shall be
construed as altering the duties of the Collateral Manager referred to in this Agreement. 
 (b) The Issuer, at its option, may appoint an
Independent third party to act on behalf of the Issuer (such party, an “Independent Review Party”) with respect to Affiliate Transactions or other actual or potential conflicts of interest relating to the Collateral Manager, its
affiliates and any other Related Persons. Decisions of any Independent Review Party shall be binding on the Collateral Manager, the Issuer, the Holders of the Notes and the beneficial owners thereof and the holders of the Interests. 

  
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 (c) Any Independent Review Party (i) shall be an Independent Person selected by the Issuer
(or at the request of the Issuer, selected by the Collateral Manager), (ii) when requested to do so by the Collateral Manager, shall be required to assess the potential conflicts and merits of each applicable Affiliate Transaction and either
grant or withhold consent to such Affiliate Transaction in its sole judgment and (iii) shall be Independent with respect to the Issuer, the Collateral Manager and their respective Affiliates and not be (A) affiliated with the Issuer (other
than as a Holder or beneficial owner of a Note or as a passive investor in the Issuer or an affiliate of the Issuer) or the Collateral Manager or (B) involved in the daily management and control of the Issuer or the Collateral Manager. 

(d) The Issuer (i) shall be responsible for any fees relating to the services provided by any Independent Review Party and shall reimburse
any Independent Review Party for such Independent Review Party’s out-of-pocket expenses and (ii) may indemnify such Independent Review Party to the maximum extent permitted by law, subject to terms and conditions satisfactory to the
Collateral Manager. 
 Section 6. Records; Confidentiality. 

The Collateral Manager shall maintain or cause to be maintained appropriate books of account and records relating to its services performed
hereunder, and such books of account and records shall be accessible for inspection by representatives of the Issuer, the Trustee and the Independent accountants appointed by the Collateral Manager on behalf of the Issuer pursuant to Article X of
the Indenture at any time during normal business hours and upon not less than three (3) Business Days’ prior notice. The Collateral Manager shall keep confidential any and all information obtained in connection with the services rendered
hereunder and shall not disclose any such information to non-affiliated third parties (excluding any Holders of the Notes or holders of the Interests) except (a) with the prior written consent of the Issuer, (b) such information as a
Rating Agency shall reasonably request in connection with its rating of the Notes or supplying credit ratings or estimates on any obligation included in the Assets, (c) in connection with establishing trading or investment accounts or otherwise
in connection with effecting Transactions on behalf of the Issuer, (d) as required by (i) applicable law, regulation, court order, or a request by a governmental regulatory agency with jurisdiction over the Collateral Manager or any of its
affiliates, (ii) the rules or regulations of any self-regulating organization, body or official having jurisdiction over the Collateral Manager or any of its affiliates or (iii) the Irish Stock Exchange, (e) to its professional
advisors (including, without limitation, legal, tax and accounting advisors), (f) such information as shall have been publicly disclosed other than in known violation of this Agreement, the Master Loan Sale Agreement, or the provisions of the
Indenture or shall have been obtained by the Collateral Manager on a non-confidential basis, (g) such information as is necessary or appropriate to disclose so that the Collateral Manager may perform its duties hereunder, under the Indenture or
any other Transaction Document or (h) general performance information which may be used by the Collateral Manager, its affiliates or Owners in connection with their marketing activities. Notwithstanding the foregoing, it is agreed that the
Collateral Manager may disclose (i) that it is 

  
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serving as collateral manager of the Issuer, (ii) the nature, aggregate principal amount and overall performance of the Issuer’s Assets, (iii) the amount of earnings on the Assets,
(iv) such other information about the Issuer, the Assets, the Notes and the Interests as is customarily disclosed by managers of collateralized loan obligations and (v) each of its respective employees, representatives or other agents may
disclose to any and all Persons, without limitation of any kind, the United States federal income tax treatment and United States federal income tax structure of the transactions contemplated by the Indenture, this Agreement and the related
documents and all materials of any kind (including opinions and other tax analyses) that are provided to them relating to such United States federal income tax treatment and United States income tax structure. For purposes of this
Section 6, the Holders of the Notes and the holders of the Interests shall not be considered “non-affiliated third parties.” 

Section 7. Obligations of Collateral Manager. 

In accordance with the Collateral Manager Standard, the Collateral Manager shall take care to avoid taking any action that would
(a) materially adversely affect the status of the Issuer for purposes of United States federal or state law, or other law applicable to the Issuer, (b) not be permitted by the Issuer’s Organizational Instruments, copies of which the
Collateral Manager acknowledges the Issuer has provided to the Collateral Manager, (c) violate any law, rule or regulation of any governmental body or agency having jurisdiction over the Issuer, including, without limitation, actions which
would violate any United States federal, state or other applicable securities law that is known by the Collateral Manager to be applicable to it and, in each case, the violation of which would have a Material Adverse Effect on the Issuer or have a
material adverse effect on the ability of the Collateral Manager to perform its obligations hereunder, (d) require registration of the Issuer or the pool of Assets as an “investment company” under Section 8 of the 1940 Act, or
(e) knowingly and willfully adversely affect the interests of the Holders of the Notes or the holders of the Interests in the Assets in any material respect (other than (i) as expressly permitted hereunder, under the Master Loan Sale
Agreement or under the Indenture or (ii) in connection with any action taken in the ordinary course of business of the Collateral Manager in accordance with its fiduciary duties to its Clients). If the Collateral Manager is directed by the
Issuer or the requisite Holders of the Notes or holders of the Interests, as applicable, to take any action which would, or could reasonably be expected to, in each case in its reasonable business judgment, have any such consequences, the Collateral
Manager shall promptly notify the Issuer that such action would, or could reasonably be expected to, in each case in its reasonable business judgment, have one or more of the consequences set forth above and shall not take such action unless the
Issuer then requests the Collateral Manager to do so and both a Majority of the Controlling Class and a Majority of the Interests have consented thereto in writing. Notwithstanding any such request, the Collateral Manager may, in its sole
discretion, choose not to take such action unless (1) arrangements satisfactory to it are made to insure or indemnify the Collateral Manager, affiliates of the Collateral Manager and stockholders, partners, members, managers, directors,
officers or employees of the Collateral Manager or such affiliates from any liability and expense it may incur as a result of such action and (2) if the Collateral Manager so requests in respect of a question of law, the Issuer delivers to the
Collateral Manager an opinion of counsel (from outside counsel satisfactory to the Collateral Manager) that the action so requested does not violate any law, rule or regulation of any governmental body or agency having jurisdiction over the Issuer
or over the Collateral Manager. 

  
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Neither the Collateral Manager, its affiliates, nor stockholders, partners, members, managers, directors, officers or employees of the Collateral Manager or of its affiliates shall be liable to
the Issuer or any other Person, except as provided in Section 10. Notwithstanding anything contained in this Agreement to the contrary, any indemnification or insurance by the Issuer provided for in this Section 7 or
Section 10 shall be payable out of the Assets in accordance with the Priority of Payments, and the Collateral Manager may take into account such Priority of Payments in determining whether any proposed indemnity arrangements contemplated
by this Section 7 are satisfactory. 
 Section 8. Compensation. 

(a) As compensation for its performance of its obligations as Collateral Manager under this Agreement and the Indenture, the Collateral
Manager will be entitled to receive on each Payment Date (in accordance with the Priority of Payments) (i) a fee, which will accrue quarterly in arrears on each Payment Date (prorated for the related Interest Accrual Period), in an amount equal
to 0.25% per annum (calculated on the basis of the actual number of days in the applicable Collection Period divided by 360) of the Fee Basis Amount at the beginning of the Collection Period relating to such Payment Date (the “Senior
Collateral Management Fee”), and (ii) a fee, which will accrue quarterly in arrears on each Payment Date (prorated for the related Interest Accrual Period), in an amount equal to 0.50% per annum (calculated on the basis of the
actual number of days in the applicable Collection Period divided by 360) of the Fee Basis Amount at the beginning of the Collection Period relating to such Payment Date (the “Subordinate Collateral Management Fee” and, together
with the Senior Collateral Management Fee, the “Collateral Management Fees”); provided that the Collateral Management Fees due on any Payment Date shall not include any such fees (or any portion thereof) that have been waived
or deferred by the Collateral Manager pursuant to this Section 8(a) or Section 8(b) of this Agreement no later than the Determination Date immediately prior to such Payment Date. The Collateral Management Fee will be payable
on each Payment Date to the extent of the funds available for such purpose in accordance with the Priority of Payments. 
 The Senior
Collateral Management Fee is payable on each Payment Date only to the extent that sufficient Interest Proceeds or Principal Proceeds are available in accordance with the Priority of Payments. To the extent the Senior Collateral Management Fee is not
paid on a Payment Date due to insufficient Interest Proceeds or Principal Proceeds (and such fee was not voluntarily deferred or waived by the Collateral Manager), the Senior Collateral Management Fee due on such Payment Date (or the unpaid portion
thereof, as applicable, the “Senior Collateral Management Fee Shortfall Amount”) will be automatically deferred for payment on the succeeding Payment Date, with interest, in accordance with the Priority of Payments. Interest on
Senior Collateral Management Fee Shortfall Amounts shall accrue at LIBOR + 0.25% for the period beginning on the first Payment Date on which the related Senior Collateral Management Fee was due (and not paid) through the Payment Date on which such
Senior Collateral Management Fee Shortfall Amount (including accrued interest) is paid. 

  
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 At the option of the Collateral Manager, by written notice to the Trustee, no later than the
Determination Date immediately prior to such Payment Date, on each Payment Date, (i) all or a portion of the Senior Collateral Management Fee or the Senior Collateral Management Fee Shortfall Amount (including accrued interest) due and owing on
such Payment Date may be deferred for payment on a subsequent Payment Date, without interest (the “Current Deferred Senior Management Fee”) and (ii) all or a portion of the previously deferred Senior Collateral Management Fees
or Senior Collateral Management Fee Shortfall Amounts (including accrued interest) (collectively, the “Cumulative Deferred Senior Management Fee”) may be declared due and payable and will be payable in accordance with the Priority
of Payments. At such time as the Notes are redeemed in whole in connection with an Optional Redemption (other than a Refinancing) or a Tax Redemption, without duplication, all accrued and unpaid Senior Collateral Management Fees, Current Deferred
Senior Management Fees, Cumulative Deferred Senior Management Fees and Senior Collateral Management Fee Shortfall Amounts (collectively, the “Aggregate Senior Collateral Management Fee”) shall be due and payable to the Collateral
Manager. 
 The Subordinate Collateral Management Fee is payable on each Payment Date only to the extent that sufficient Interest Proceeds
or Principal Proceeds are available in accordance with the Priority of Payments. To the extent the Subordinate Collateral Management Fee is not paid on a Payment Date due to insufficient Interest Proceeds or Principal Proceeds (and such fee was not
voluntarily deferred or waived by the Collateral Manager), the Subordinate Collateral Management Fee due on such Payment Date (or the unpaid portion thereof, as applicable, the “Subordinate Collateral Management Fee Shortfall
Amount”) will be automatically deferred for payment on the succeeding Payment Date, with interest, in accordance with the Priority of Payments. Interest on the Subordinate Collateral Management Fee Shortfall Amounts shall accrue at LIBOR +
0.25% for the period beginning on the first Payment Date on which the related Subordinate Collateral Management Fee was due (and not paid) through the Payment Date on which such Subordinate Collateral Management Fee Shortfall Amount (including
accrued interest) is paid. 
 At the option of the Collateral Manager, by written notice to the Trustee, no later than the Determination
Date immediately prior to such Payment Date, on each Payment Date, (i) all or a portion of the Subordinate Collateral Management Fee or the Subordinate Collateral Management Fee Shortfall Amount (including accrued interest) due and owing on
such Payment Date may be deferred for payment on a subsequent Payment Date, without interest (the “Current Deferred Subordinate Management Fee”) and (ii) all or a portion of the previously deferred Subordinate Collateral
Management Fees or Subordinate Collateral Management Fee Shortfall Amounts (including accrued interest) (collectively, the “Cumulative Deferred Subordinate Management Fee”) may be declared due and payable and will be payable in
accordance with the Priority of Payments. At such time as the Notes are redeemed in whole in connection with an Optional Redemption (other than a Refinancing) or a Tax Redemption, without duplication, all accrued and unpaid Subordinate Collateral
Management Fees, Current Deferred Subordinate Management Fees, Cumulative Deferred Subordinate Management Fees and Subordinate Collateral Management Fee Shortfall Amounts (collectively, the “Aggregate Subordinate Collateral Management
Fee” and, together with the Aggregate Senior Collateral Management Fee, the “Aggregate Collateral Management Fees”) shall be due and payable to the Collateral Manager. 

  
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 (b) The Collateral Manager may, in its sole discretion (but shall not be obligated to),
elect to waive all or any portion of the Collateral Management Fees or the Aggregate Collateral Management Fees payable to the Collateral Manager on any Payment Date. Any such election shall be made by the Collateral Manager delivering written
notice thereof to the Trustee no later than the Determination Date immediately prior to such Payment Date. Any election to waive the Collateral Management Fees or the Aggregate Collateral Management Fees may also be made by written standing
instructions to the Trustee; provided that such standing instructions may be rescinded by the Collateral Manager at any time. 

(c) Except as otherwise set forth herein and in the Indenture, the Collateral Manager will continue to serve as collateral manager under this
Agreement notwithstanding that the Collateral Manager will not have received amounts due it under this Agreement because sufficient funds were not then available hereunder to pay such amounts in accordance with the Priority of Payments. 

(d) If this Agreement is terminated for any reason, or the Collateral Manager resigns or is removed, (i) Collateral Management Fees
calculated as provided in Section 8(a) shall be prorated for any partial period elapsing from the last Payment Date on which such Collateral Manager received the Collateral Management Fees to the effective date of such termination,
resignation or removal and (ii) any unpaid Cumulative Deferred Senior Management Fees or Cumulative Deferred Subordinate Management Fees shall be determined as of the effective date of such termination, resignation or removal and, in each case,
shall be due and payable on each Payment Date following the effective date of such termination, resignation or removal in accordance with the Priority of Payments until paid in full. Otherwise, such Collateral Manager shall not be entitled to any
further compensation for further services but shall be entitled to receive any expense reimbursement accrued to the effective date of termination, resignation or removal and any indemnity amounts owing (or that may become owing) under this
Agreement. Any Aggregate Collateral Management Fees, expense reimbursement and indemnities owed to such Collateral Manager or owed to any successor Collateral Manager on any Payment Date shall be paid pro rata based on the amount thereof then
owing to each such Person, subject to the Priority of Payments. 
 Section 9. Benefit of the Agreement. 

The Collateral Manager shall perform its obligations hereunder, under the Master Loan Sale Agreement and under the Indenture in accordance
with the terms of this Agreement and the terms of the Master Loan Sale Agreement and the Indenture applicable to it. The Collateral Manager agrees and consents to the provisions contained in Section 15.1(f) of the Indenture. In addition, the
Collateral Manager acknowledges the pledge under the granting clause of the Indenture. 

  
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 Section 10. Limits of Collateral Manager Responsibility. 

(a) None of the Collateral Manager, its affiliates, its Owners or their respective Related Persons nor any Independent Review Party assumes
any responsibility under this Agreement other than the Collateral Manager assumes responsibility to render the services required to be performed by it hereunder, and under the terms of the Indenture and the Master Loan Sale Agreement applicable to
it. The Collateral Manager shall not be responsible for any action or inaction of the Issuer or the Trustee in following or declining to follow any advice, recommendation or direction of the Collateral Manager including as set forth in
Section 7. The Indemnified Parties (as defined below) shall not be liable to the Issuer, the Trustee, any Holder of Notes, any holder of Interests, the Placement Agent, any of their respective affiliates, Owners or Related Persons or any
other Persons for any act, omission, error of judgment, mistake of law, or for any claim, loss, liability, damage, judgment, assessment, settlement, cost, or other expense (including attorneys’ fees and expenses and court costs) arising out of
any investment, or for any other act or omission in the performance of the Collateral Manager’s obligations under or in connection with this Agreement or the terms of any other Transaction Document applicable to the Collateral Manager, incurred
as a result of actions taken or recommended or for any omissions of the Collateral Manager, or for any decrease in the value of the Assets, except the Collateral Manager shall be liable (i) by reason of acts or omissions constituting bad faith,
willful misconduct or gross negligence in the performance of its duties hereunder and under the terms of the Indenture or (ii) with respect to the Collateral Manager Information, as of the date made, containing any untrue statement of a
material fact or omitting to state a material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading (the preceding clauses (i) and (ii) collectively referred to for purposes
of this Section 10 as “Collateral Manager Breaches”). The Collateral Manager shall not be liable for any consequential, punitive, exemplary or treble damages or lost profits hereunder or under the Indenture. Nothing
contained herein shall be deemed to waive any liability which cannot be waived under applicable state or federal law or any rules or regulations adopted thereunder. 

(b) The Issuer shall indemnify and hold harmless the Collateral Manager, its affiliates and Owners and their respective Related Persons and
each Independent Review Party, if any, (each, an “Indemnified Party”) from and against any and all losses, claims, damages, judgments, assessments, costs or other liabilities (collectively, “Losses”) and will
promptly reimburse each such Indemnified Party for all reasonable fees and expenses incurred by an Indemnified Party with respect thereto (including reasonable fees and expenses of counsel) (collectively, “Expenses”) arising out of
or in connection with the issuance of the Notes (including, without limitation, any untrue statement of material fact contained in the Offering Circulars, or omission or alleged omission to state therein a material fact necessary in order to make
the statements therein, in the light of the circumstances under which they were made, not misleading, other than Collateral Manager Information), the transactions contemplated by the Offering Circulars, the Indenture or this Agreement and any acts
or omissions of any such Indemnified Party; provided that such Indemnified Party shall not be indemnified for any Losses or Expenses incurred as a result of any Collateral Manager Breach. Notwithstanding anything contained herein to the
contrary, the obligations of the Issuer under this Section 10 to indemnify any Indemnified Party for any Losses or Expenses are non-recourse obligations of the Issuer payable solely out of the Assets in accordance with the Priority of
Payments set forth in the Indenture. 

  
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 Section 11. No Joint Venture. 

The Issuer and the Collateral Manager are not partners or joint venturers with each other and nothing herein shall be construed to make them
such partners or joint venturers or impose any liability as such on either of them. The Collateral Manager shall be deemed, for all purposes herein, an independent contractor and shall, except as otherwise expressly provided herein or in the
Indenture or authorized by the Issuer from time to time, have no authority to act for or represent the Issuer in any way or otherwise be deemed an agent of the Issuer. It is acknowledged that neither the Collateral Manager nor any of its affiliates
has provided or shall provide any tax, accounting or legal advice or assistance to the Issuer or any other Person in connection with the transactions contemplated hereby. 

Section 12. Term; Termination. 

(a) This Agreement shall commence as of the date first set forth above and shall continue in force until the first of the following occurs:
(i) the final liquidation of the Assets and the final distribution of the proceeds of such liquidation to the Holders of the Notes and the holders of the Interests, (ii) the payment in full of the Notes and the satisfaction and discharge
of the Indenture in accordance with its terms or (iii) the early termination of this Agreement with respect to the Collateral Manager in accordance with Section 12(c), in connection with the resignation of such Collateral Manager
pursuant to Section 12(b) or in connection with the removal of such Collateral Manager pursuant to Section 14. 
 (b)
Subject only to clause (c) below, the Collateral Manager may resign upon ninety (90) days’ prior written notice to the Issuer (or such shorter notice as is acceptable to the Issuer), the Holders and the Trustee; provided
that the Collateral Manager shall have the right to resign immediately upon the effectiveness of any material change in applicable law or regulations which renders the performance by the Collateral Manager of its duties hereunder or under the
Indenture to be a violation of such law or regulation. 
 (c) Notwithstanding the provisions of clause (b) above, no resignation
or removal of the Collateral Manager or termination of this Agreement with respect to such Collateral Manager in connection with such resignation or removal shall be effective until the date as of which a successor Collateral Manager shall have been
appointed in accordance with Section 12(d) or Section 12(e) and has accepted all of the Collateral Manager’s duties and obligations pursuant to this Agreement in writing (an “Instrument of Acceptance”)
and has assumed such duties and obligations. 
 (d) Promptly after notice of any removal under Section 14 or any resignation of
the Collateral Manager that is to take place while any of the Notes are Outstanding, the Issuer shall transmit copies of such notice to the Trustee (which shall forward a copy of such notice to the Holders) and each Rating Agency (provided,
however, in the case of Moody’s, only for so long as any Class A Notes remain Outstanding) and shall appoint a successor Collateral Manager, at the direction of a Majority of the Interests, which (i) has demonstrated an ability
to professionally and competently perform duties similar to those imposed upon the Collateral Manager hereunder, (ii) is legally qualified and has the capacity to assume all of the 

  
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responsibilities, duties and obligations of the Collateral Manager hereunder and under the applicable terms of the Indenture, (iii) does not cause or result in the Issuer becoming, or
require the pool of Assets to be registered as, an investment company under the 1940 Act, (iv) with respect to which the Global Rating Agency Condition has been satisfied and (v) has been approved by a Majority of the Controlling Class.

 (e) If (i) a Majority of the Interests fails to nominate a successor within thirty (30) days of initial notice of the
resignation or removal of the Collateral Manager or (ii) a Majority of the Controlling Class does not approve the proposed successor nominated by the Holders of the Interests within ten (10) days of the date of the notice of such
nomination, then a Majority of the Controlling Class shall, within sixty (60) days of the failure described in clauses (i) or (ii) of this sentence, as the case may be, nominate a successor Collateral Manager that meets
the criteria set forth in Section 12(d). If a Majority of the Interests approves such Controlling Class nominee, such nominee shall become the Collateral Manager. If no successor Collateral Manager is appointed within ninety
(90) days (or, in the event of a change in applicable law or regulation which renders the performance by the Collateral Manager of its duties under this Agreement or the Indenture to be a violation of such law or regulation, within thirty
(30) days) following the termination or resignation of the Collateral Manager, any of the Collateral Manager, a Majority of the Interests and a Majority of the Controlling Class shall have the right to petition a court of competent jurisdiction
to appoint a successor Collateral Manager, in any such case whose appointment shall become effective after such successor has accepted its appointment and without the consent of any Holder of any Note or any holder of any Interest. 

(f) The successor Collateral Manager shall be entitled to the Collateral Management Fees set forth in Section 8(a) and no
compensation payable to such successor Collateral Manager shall be greater than as set forth in Section 8(a) without the prior written consent of 100% of the Holders of each Class of Notes, including Collateral Manager Notes, and of 100%
of the holders of the Interests. Upon the later of the expiration of the applicable notice periods with respect to termination specified in this Section 12 or in Section 14 and the acceptance of its appointment hereunder by
the successor Collateral Manager, all authority and power of the Collateral Manager hereunder, whether with respect to the Assets or otherwise, shall automatically and without action by any Person or entity pass to and be vested in the successor
Collateral Manager. The Issuer, the Trustee and the successor Collateral Manager shall take such action (or the Issuer shall cause the outgoing Collateral Manager to take such action) consistent with this Agreement and as shall be necessary to
effect any such succession. 
 (g) If this Agreement is terminated pursuant to this Section 12, such termination shall be without
any further liability or obligation of either party to the other, except as provided in clause (h) below. 
 (h) Sections 6,
10, 15, 17, 21, 22, 23 and 25 shall survive any termination of this Agreement pursuant to this Section 12 or Section 14. 

  
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 Section 13. Assignments. 

(a) Except as otherwise provided in this Section 13, the Collateral Manager may not assign or delegate (except as provided in
Section 2(e)) its rights or responsibilities under this Agreement without (i) satisfaction of the Global Rating Agency Condition with respect thereto and (ii) obtaining the consent of the Issuer and the consent of a Majority of
the Controlling Class and a Majority of the Interests (voting separately). The Collateral Manager shall not be required to obtain such consents or satisfy such condition with respect to a change of control transaction that is deemed to be an
assignment within the meaning of Section 202(a)(1) of the Advisers Act at the time of any such transaction; provided that, if the Collateral Manager is a Registered Investment Adviser, the Collateral Manager shall if required by
applicable law and otherwise in its discretion may obtain the consent of the Issuer or of the Independent Review Party, if any, on behalf of the Issuer, in a manner consistent with SEC Staff interpretations of Section 205(a)(2) of the Advisers
Act, to any such transaction. For the avoidance of doubt, consent by the Issuer or by any Independent Review Party shall be presumed to be granted should the Issuer or such Independent Review Party fail to object within a reasonable period following
appropriate notice by the Collateral Manager of an actual, potential or intended change of control transaction. 
 (b) The Collateral Manager
may without satisfaction of the Global Rating Agency Condition, without obtaining the consent of any Holder and, so long as such assignment or delegation does not constitute an “assignment” for purposes of Section 205(a)(2) of the
Advisers Act during such time as the Collateral Manager is a Registered Investment Adviser, without obtaining the prior consent of the Issuer or of the Independent Review Party, if any, on behalf of the Issuer if such consent is not then required by
applicable law, (1) assign any of its rights or obligations under this Agreement to an Affiliate; provided that such Affiliate (i) has demonstrated an ability to professionally and competently perform duties similar to those imposed
upon the Collateral Manager pursuant to this Agreement, (ii) has the legal right and capacity to act as Collateral Manager under this Agreement, and (iii) shall not cause the Issuer or the pool of Assets to become required to register
under the provisions of the 1940 Act or (2) enter into (or have its parent, if any, enter into) any consolidation or amalgamation with, or merger with or into, or transfer of all or substantially all of its assets to, another entity;
provided that, at the time of such consolidation, merger, amalgamation or transfer the resulting, surviving or transferee entity assumes all the obligations of the Collateral Manager under this Agreement generally and the other entity is a
continuation of the Collateral Manager in another corporate or similar form and has substantially the same staff; provided, further, that such action does not cause the Issuer to be subject to tax in any jurisdiction outside of its
jurisdiction of formation; provided, further, that the Collateral Manager shall deliver prior notice to the Rating Agencies (provided, however, in the case of Moody’s, only for so long as any Class A Notes
remain Outstanding) of any assignment, delegation or combination made pursuant to this sentence. Upon the execution and delivery of any such assignment by the assignee, the Collateral Manager will be released from further obligations pursuant to
this Agreement except with respect to its obligations and agreements arising under Section 10, 12(g), 17, 21 through 23, and 25 in respect of acts or omissions occurring prior to such assignment and
except with respect to its obligations under Section 15 after such assignment. 

  
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 (c) This Agreement shall not be assigned by the Issuer without (i) the prior written consent
of (A) the Collateral Manager, (B) a Majority of the Interests and (C) a Majority of the each Class of Notes (voting separately) and (ii) satisfaction of the Global Rating Agency Condition, except in the case of assignment by the
Issuer (1) to an entity which is a successor to the Issuer permitted under the Indenture, in which case such successor organization shall be bound hereunder and by the terms of said assignment in the same manner as the Issuer is bound hereunder
or (2) to the Trustee as contemplated by the granting clause of the Indenture. The Issuer has assigned its rights, title and interest in (but not its obligations under) this Agreement to the Trustee pursuant to the Indenture; and the Collateral
Manager by its signature below agrees to, and acknowledges, such assignment. Upon assignment by the Issuer, the Issuer shall use reasonable efforts to cause such assignee to execute and deliver to the Collateral Manager such documents as the
Collateral Manager shall consider reasonably necessary to effect fully such assignment. 
 (d) The Issuer shall provide the Rating Agencies
(provided, however, in the case of Moody’s, only for so long as any Class A Notes remain Outstanding) and the Trustee (who shall provide a copy of such notice to the Controlling Class) with notice of any assignment pursuant
to this Section 13. 
 Section 14. Removal for Cause. 

(a) The Collateral Manager may be removed for Cause upon ten (10) Business Days’ prior written notice by the Issuer
(“Termination Notice”) at the direction of a Supermajority of the Controlling Class. Simultaneous with its direction to the Issuer to remove the Collateral Manager for Cause, a Supermajority of the Controlling Class shall give to
the Issuer a written statement setting forth the reason for such removal (“Statement of Cause”). The Issuer shall deliver to the Trustee (who shall deliver a copy of such notice to the Holders) a copy of the Termination Notice and
the Statement of Cause within five (5) Business Days of receipt. No such removal shall be effective (A) until the date as of which a successor Collateral Manager shall have been appointed in accordance with Sections 12(d) and
(e) and delivered an Instrument of Acceptance to the Issuer and the removed Collateral Manager and the successor Collateral Manager has effectively assumed all of the Collateral Manager’s duties and obligations and (B) unless
the Statement of Cause has been delivered to the Issuer as set forth in this Section 14(a). “Cause” shall mean any of the following: 

(i) the Collateral Manager shall willfully and intentionally violate or breach any material provision of this Agreement or the Indenture
applicable to it (not including a willful and intentional breach that results from a good faith dispute regarding reasonable alternative courses of action or interpretation of instructions); 

(ii) the Collateral Manager shall breach any provision of this Agreement or any terms of the Indenture applicable to it (other than as covered
by clause (i) and it being understood that failure to meet any Concentration Limitation, Collateral Quality Test or Coverage Test is not a breach for purposes of this clause (ii)), which breach would reasonably be expected to have
a material adverse effect on any Class of Noteholders and shall not cure such breach (if capable of being cured) within thirty (30) days after the earlier to occur of a Responsible Officer of the

  
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Collateral Manager receiving notice or having actual knowledge of such breach, unless, if such breach is remediable, the Collateral Manager has taken action commencing the cure thereof within
such thirty (30) day period that the Collateral Manager believes in good faith will remedy such breach within sixty (60) days after the earlier to occur of a Responsible Officer receiving notice or having actual knowledge thereof; 

(iii) the failure of any representation, warranty, certification or statement made or delivered by the Collateral Manager in or pursuant to
this Agreement or the Indenture to be correct in any material respect when made which failure (A) would reasonably be expected to have a material adverse effect on any Class of Noteholders and (B) is not corrected by the Collateral Manager
within thirty (30) days of a Responsible Officer of the Collateral Manager receiving notice of such failure, unless, if such failure is remediable, the Collateral Manager has taken action commencing the cure thereof within such thirty
(30) day period that the Collateral Manager believes in good faith will remedy such failure within sixty (60) days after the earlier to occur of a Responsible Officer receiving notice thereof or having actual knowledge thereof; 

(iv) the Collateral Manager is wound up or dissolved or there is appointed over it or a substantial part of its assets a receiver,
administrator, administrative receiver, trustee or similar officer; or the Collateral Manager (A) ceases to be able to, or admits in writing its inability to, pay its debts as they become due and payable, or makes a general assignment for the
benefit of, or enters into any composition or arrangement with, its creditors generally; (B) applies for or consents (by admission of material allegations of a petition or otherwise) to the appointment of a receiver, trustee, assignee,
custodian, liquidator or sequestrator (or other similar official) of the Collateral Manager or of any substantial part of its properties or assets in connection with any winding up, liquidation, reorganization or other relief under any bankruptcy,
insolvency, receivership or similar law, or authorizes such an application or consent, or proceedings seeking such appointment are commenced without such authorization, consent or application against the Collateral Manager and continue undismissed
for sixty (60) days; (C) authorizes or files a voluntary petition in bankruptcy, or applies for or consents (by admission of material allegations of a petition or otherwise) to the application of any bankruptcy, reorganization,
arrangement, readjustment of debt, insolvency, dissolution, or similar law, or authorizes such application or consent, or proceedings to such end are instituted against the Collateral Manager without such authorization, application or consent and
are approved as properly instituted and remain undismissed for sixty (60) days or result in adjudication of bankruptcy or insolvency or the issuance of an order for relief; or (D) permits or suffers all or any substantial part of its
properties or assets to be sequestered or attached by court order and the order (if contested in good faith) remains undismissed for sixty (60) days; 

(v) the occurrence and continuation of an Event of Default pursuant to Section 5.1(a), (b) or (c) of the Indenture that results
primarily from any material breach by the Collateral Manager of its duties under this Agreement or under the Indenture which breach or default is not cured within any applicable cure period; or 

(vi) (A) the occurrence of an act by the Collateral Manager that constitutes fraud or criminal activity in the performance of its obligations
under this Agreement (as determined pursuant to a final adjudication by a court of competent jurisdiction) or the Collateral Manager 

  
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being indicted for a criminal offense materially related to its business of providing asset management services, or (B) any Responsible Officer of the Collateral Manager primarily
responsible for the performance by the Collateral Manager of its obligations under this Agreement (in the performance of his or her investment management duties) is indicted for a criminal offense materially related to the business of the Collateral
Manager providing asset management services and continues to have responsibility for the performance by the Collateral Manager under this Agreement for a period of ten (10) days after such indictment. 

(b) If any of the events specified in clauses (a)(i) through (vi) of this Section 14 shall occur, the Collateral Manager shall
give prompt written notice thereof to the Issuer, the Holders, the Trustee, and the Rating Agencies (provided, however, in the case of Moody’s, only for so long as any Class A Notes remain Outstanding); provided that
if any of the events specified in Section 14(a)(iv) shall occur, the Collateral Manager shall give written notice thereof to the Issuer, the Trustee, and the Rating Agencies (provided, however, in the case of Moody’s,
only for so long as any Class A Notes remain Outstanding) immediately upon the Collateral Manager’s becoming aware of the occurrence of such event. A Majority of each Class of Notes, voting separately by Class, and a Majority of the
Interests, may waive any event described in Section 14(a)(i), (ii), (iii), (v) or (vi) as a basis for termination of this Agreement and removal of the Collateral Manager under this
Section 14. In no event will the Trustee be required to determine whether or not Cause exists for the removal of the Collateral Manager. 

(c) If the Collateral Manager is removed pursuant to this Section 14, the Issuer shall have, in addition to the rights and remedies
set forth in this Agreement, all of the rights and remedies available with respect thereto at law or equity. 
 Section 15.
Obligations of Resigning or Removed Collateral Manager. 
 (a) On, or as soon as practicable after, the date any resignation or
removal is effective, the Collateral Manager shall (at the Issuer’s expense): 
 (i) deliver to the Issuer or to such other Person as
the Issuer shall instruct all property and documents of the Issuer or otherwise relating to the Assets then in the custody of the Collateral Manager; 

(ii) deliver to the Trustee an accounting with respect to the books and records delivered to the Trustee or the successor Collateral Manager
appointed pursuant to Section 12; 
 (iii) agree to cooperate with all reasonable requests related to any proceedings, even after
its resignation or removal, which arise in connection with this Agreement or the Indenture, assuming the Collateral Manager has received an indemnity in a form reasonably satisfactory to the Collateral Manager from an entity reasonably satisfactory
to the Collateral Manager, and expense reimbursement reasonably satisfactory to the Collateral Manager; and 

  
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 (iv) to the extent such payments are then being made into the Concentration Account, direct the
Obligors and loan agents under the Collateral Obligations to make payments with respect to the Collateral Obligations directly to the Collection Account. 

(b) Notwithstanding such resignation or removal, the Collateral Manager shall remain liable for its obligations under Section 10
and its acts or omissions giving rise thereto and for any expenses, losses, damages, liabilities, demands, charges and claims of any nature whatsoever (including reasonable attorneys’ fees) in respect of or arising out of a Collateral Manager
Breach, subject to the limitations of liability set forth in Section 10. 
 Section 16. Representations and
Warranties. 
 (a) The Issuer hereby represents and warrants to the Collateral Manager as follows: 

(i) The Issuer has been duly organized and is validly existing under the laws of the jurisdiction of its organization, has the full power and
authority to own its assets and the securities proposed to be owned by it and included in the Assets and to transact the business in which it is presently engaged and is duly qualified under the laws of each jurisdiction where its ownership or lease
of property, the conduct of its business or the performance of this Agreement, the Indenture, the Master Loan Sale Agreement and the Notes require such qualification, except for those jurisdictions in which the failure to be so qualified, authorized
or licensed would not have a Material Adverse Effect on the Issuer. 
 (ii) The Issuer has full power and authority to execute, deliver and
perform all of its obligations under this Agreement, the Indenture, the Master Loan Sale Agreement and the Notes and has taken all necessary action to authorize this Agreement and the execution and delivery of this Agreement and the performance of
all obligations imposed upon it hereunder, and, as of the Closing Date, will have taken all necessary action to authorize the Indenture, the Master Loan Sale Agreement and the Notes and the execution, delivery and performance of this Agreement, the
Indenture, the Master Loan Sale Agreement and the Notes and the performance of all obligations imposed upon it thereunder. No consent of any other Person including, without limitation, the holders of Interests and creditors of the Issuer, and no
license, permit, approval or authorization of, exemption by, notice or report to, or registration, filing (other than any filings pursuant to the UCC required under the Indenture and necessary to perfect any security interest granted thereunder) or
declaration with, any governmental authority is required by the Issuer in connection with the execution, delivery, performance, validity or enforceability of this Agreement, the Indenture, the Master Loan Sale Agreement or the Notes or the
obligations imposed upon the Issuer hereunder and thereunder. This Agreement has been, and each instrument and document to which the Issuer is a party required hereunder or under the Indenture, the Master Loan Sale Agreement or the Notes will be,
executed and delivered by a Responsible Officer of the Issuer, and this Agreement constitutes, and each instrument or document required hereunder to which the Issuer is a party, when executed and delivered hereunder, will constitute, the legally
valid and binding obligation of the Issuer enforceable against the Issuer in accordance with its terms, subject, as to enforcement, (A) to the effect of bankruptcy, receivership, insolvency, winding-up or similar laws affecting generally the
enforcement of creditors’ rights as such laws would apply in the event of any bankruptcy, receivership, insolvency, winding-up or similar event applicable to the Issuer and (B) to general equitable principles (whether enforceability of
such principles is considered in a proceeding at law or in equity). 

  
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 (iii) The execution, delivery and performance of this Agreement and the documents and instruments
required hereunder and under the Indenture and the Master Loan Sale Agreement will not violate any provision of any existing law or regulation binding on the Issuer, or any order, judgment, award or decree of any court, arbitrator or governmental
authority binding on the Issuer, or the Organizational Instruments of, or any securities issued by, the Issuer or of any mortgage, indenture, lease, contract or other agreement, instrument or undertaking to which the Issuer is a party or by which
the Issuer or any of its assets may be bound, the violation of which would have a Material Adverse Effect on the Issuer, and will not result in or require the creation or imposition of any lien on any of its property, assets or revenues pursuant to
the provisions of any such mortgage, indenture, lease, contract or other agreement, instrument or undertaking (other than the lien of the Indenture). 

(iv) The Issuer is not in violation of its Organizational Instruments or in breach or violation of or in default under any contract or
agreement to which it is a party or by which it or any of its property may be bound, or any applicable statute or any rule, regulation or order of any court, government agency or body having jurisdiction over the Issuer or its properties, the breach
or violation of which or default under which would have a material adverse effect on the validity or enforceability of this Agreement or the provisions of the Indenture applicable to the Issuer, or the performance by the Issuer of its duties
hereunder or thereunder. 
 (v) The Issuer acknowledges receipt of the Collateral Manager’s Form ADV, Part 2A at or prior to execution
of this Agreement, as well as Part 2B reflecting relevant Collateral Manager personnel, as required by the Advisers Act. The Issuer acknowledges such Form ADV, Part 2A includes a description of the Collateral Manager’s proxy voting policies.
The Issuer understands that it may receive a copy of such proxy voting policies as well as information as to how the Collateral Manager has voted proxies, if any, related to securities held by the Issuer by contacting the Collateral Manager. 

(b) The Collateral Manager hereby represents and warrants to the Issuer, as of the date hereof, as follows: 

(i) The Collateral Manager is a corporation duly incorporated and validly existing and in good standing under the laws of the jurisdiction of
its incorporation and has full power and authority to own its assets and to transact the business in which it is currently engaged, and is duly qualified to do business and is in good standing under the laws of each jurisdiction where the
performance of this Agreement would require such qualification, except for those jurisdictions in which the failure to be so qualified, authorized or licensed would not have a material adverse effect on the ability of the Collateral Manager to
perform its obligations under this Agreement and the provisions of the Indenture and the Master Loan Sale Agreement applicable to the Collateral Manager, or on the validity or enforceability of this Agreement and the provisions of the Indenture and
the Master Loan Sale Agreement applicable to the Collateral Manager. 

  
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 (ii) The Collateral Manager has full power and authority to execute and deliver this Agreement
and to perform all of its obligations required hereunder and under the provisions of the Indenture and the Master Loan Sale Agreement applicable to the Collateral Manager, and has taken all necessary action to authorize this Agreement on the terms
and conditions hereof and the execution and delivery of this Agreement and the performance of all obligations required hereunder and under the terms of the Indenture and the Master Loan Sale Agreement applicable to the Collateral Manager. No consent
of any other Person, including, without limitation, equityholders and creditors of the Collateral Manager, and no license, permit, approval or authorization of, exemption by, notice or report to, or registration, filing or declaration with, any
governmental authority is required by the Collateral Manager hereof in connection with this Agreement or the execution, delivery, performance, validity or enforceability of this Agreement or the obligations imposed on the Collateral Manager
hereunder or under the terms of the Indenture and of the Master Loan Sale Agreement applicable to the Collateral Manager other than those which have been obtained or made. No representation is made herein with respect to the requirements of state
securities laws or regulations. This Agreement has been executed and delivered by a Responsible Officer of the Collateral Manager, and this Agreement constitutes the valid and legally binding obligations of the Collateral Manager enforceable against
the Collateral Manager in accordance with its terms, subject, as to enforcement, (A) to the effect of bankruptcy, insolvency, winding-up or similar laws affecting generally the enforcement of creditors’ rights as such laws would apply in
the event of any bankruptcy, receivership, insolvency, winding-up or similar event applicable to the Collateral Manager and (B) to general equitable principles (whether enforceability of such principles is considered in a proceeding at law or
in equity). 
 (iii) The execution, delivery and performance of this Agreement and the terms of the Indenture and of the Master Loan Sale
Agreement applicable to the Collateral Manager will not violate any provision of any existing law or regulation binding on the Collateral Manager (except that no representation is made herein with respect to the requirements of state securities laws
or regulations), or any order, judgment, award or decree of any court, arbitrator or governmental authority binding on the Collateral Manager, or the Organizational Instruments of, or any securities issued by, the Collateral Manager or of any
mortgage, indenture, lease, contract or other agreement, instrument or undertaking to which the Collateral Manager is a party or by which the Collateral Manager or any of its assets may be bound, the violation of which would have a material adverse
effect on the business, operations, assets or financial condition of the Collateral Manager or which would reasonably be expected to materially adversely affect its ability to perform its obligations hereunder or under the Indenture or the Master
Loan Sale Agreement. 
 (iv) There is no charge, investigation, action, suit or proceeding before or by any court pending or, to the actual
knowledge of the Collateral Manager, threatened, that, if determined adversely to the Collateral Manager, would have a material adverse effect upon the performance by the Collateral Manager of its duties under this Agreement or the provisions of the
Indenture or of the Master Loan Sale Agreement applicable to the Collateral Manager. 

  
 32 

 (v) The Collateral Manager Information, as of its date, and only with respect to the Collateral
Manager Offering Circular Information in the Final Offering Circular, as of the date of the Final Offering Circular and the Closing Date, does not contain any untrue statement of a material fact or omit to state any material fact necessary in order
to make the statements therein, in the light of the circumstances under which they were made, not misleading. 
 (vi) The only entities with
rights with respect to any funds in the Concentration Account are and will be parties to the Intercreditor Agreement, and the Collateral Manager does not currently, and will not, act on behalf of any of its Affiliates who are not parties to the
Intercreditor Agreement to flow funds with respect to Other Assets (as defined in the Intercreditor Agreement) through the Concentration Account. 

(c) The Collateral Manager makes no representation, express or implied, with respect to the Issuer or the disclosure with respect to the
Issuer. 
 (d) The Collateral Manager is registered as an Investment Adviser pursuant to Section 203 of the Advisers Act. 

Section 17. Limited Recourse; No Petition. 

The Collateral Manager hereby agrees that it shall not institute against, or join any other Person in instituting against, the Issuer any
bankruptcy, reorganization, arrangement, insolvency, moratorium or liquidation proceedings or other proceedings under United States federal or state or other bankruptcy or similar laws until at least one year (or, if longer, the applicable
preference period then in effect) plus one day after payment in full of all Notes issued under the Indenture; provided that nothing in this Section 17 shall preclude the Collateral Manager from (A) taking any action prior to
the expiration of such applicable preference period in (x) any case or proceeding voluntarily filed or commenced by the Issuer or (y) any insolvency proceeding filed or commenced against the Issuer by any Person other than the Collateral
Manager or (B) commencing against the Issuer or any of its properties any legal action that is not a bankruptcy, reorganization, arrangement, insolvency, moratorium or liquidation proceeding. The Collateral Manager hereby acknowledges and
agrees that the Issuer’s obligations hereunder will be solely the limited liability company obligations of the Issuer, and that the Collateral Manager will not have any recourse to any of the Affiliates of the Issuer or any of the shareholders,
partners, managers, members, officers or employees of the Issuer or of any Affiliate of the Issuer with respect to any claims, losses, damages, liabilities, indemnities or other obligations in connection with any Transactions contemplated hereby.
Notwithstanding any other provisions hereof or of any other Transaction Document, recourse in respect of any obligations of the Issuer to the Collateral Manager hereunder or thereunder will be limited to the Assets as applied in accordance with the
Priority of Payments pursuant to the Indenture and, on the exhaustion of the Assets, all claims against the Issuer arising from this Agreement, the Indenture or any other Transaction Document or any Transactions contemplated hereby or thereby shall
be extinguished and shall not revive. This Section 17 shall survive the termination of this Agreement for any reason whatsoever. 

  
 33 

 Section 18. Notices. 

Unless expressly provided otherwise herein, all notices, demands, certificates, requests, directions and communications hereunder shall be in
writing and shall be effective (a) upon receipt when sent through the U.S. mails, registered or certified mail, return receipt requested, postage prepaid, with such receipt to be effective the date of delivery indicated on the return receipt,
(b) one (1) Business Day after delivery to any overnight courier, (c) on the date personally delivered to a Responsible Officer of the party to which sent, (d) on the date transmitted by legible facsimile transmission with a
confirmation of receipt, or (e) upon receipt when transmitted by electronic mail transmission, in all cases addressed to the recipient at such recipient’s address for notices as set forth below: 

 

	 	(a)	If to the Issuer: 

 NewStar Commercial Loan Funding 2013-1 LLC 

c/o NewStar Financial, Inc. 
 500
Boylston Street, Suite 1250 
 Boston, Massachusetts 02116 

Attention: Brian Forde 
 Facsimile
No. (617) 848-4373 
 Email: operations@newstarfin.com 
  

	 	(b)	If to the Collateral Manager: 

 NewStar Financial, Inc. 

500 Boylston Street, Suite 1250 

Boston, Massachusetts 02116 

Attention: Brian Forde 
 Facsimile
No. (617) 848-4373 
 Email: operations@newstarfin.com 
  

	 	(c)	If to the Trustee: 

 U.S. Bank National Association 

One Federal Street, 3rd Floor 

Boston, Massachusetts 02110 

Attention: NewStar Commercial Loan Funding 2013-1 LLC (Ashley Wilkinson) 

Facsimile No. (866) 381-6889 

Email: ashley.wilkinson@usbank.com 
  

	 	(d)	If to the Holders: 

 At their respective addresses set forth in the Register, as applicable.

 Any party may change the address, telecopy number, or email address to which communications or copies directed to such party are to be
sent by giving notice to the other parties of such change of address, telecopy number, or email address in conformity with the provisions of this Section 18 for the giving of notice. 

  
 34 

 Unless the parties hereto otherwise agree, (i) notices and other communications sent to an
e-mail address shall be deemed received upon the sender’s receipt of an acknowledgment from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgment), and
(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 if any such notice or other communication is not sent or posted during normal business hours, such notice or communication shall be deemed to have been
sent at the opening of business on the next Business Day; provided, further, that if in any instance the intended recipient declines or opts out of the receipt acknowledgment, then such notice or communication shall be deemed to have been received
on the Business Day sent or posted, if sent or posted during normal business hours on such Business Day, or if otherwise, at the opening of business on the next Business Day. 

Section 19. Binding Nature of Agreement; Successors and Assigns. 

This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns as
provided herein. 
 Section 20. Entire Agreement; Amendment. 

This Agreement, the Indenture and the Master Loan Sale Agreement contain the entire agreement and understanding among the parties hereto with
respect to the subject matter hereof, and supersede all prior and contemporaneous agreements, understandings, inducements and conditions, express or implied, oral or written, of any nature whatsoever with respect to the subject matter hereof. The
express terms hereof and thereof control and supersede any course of performance and/or usage of the trade inconsistent with any of the terms hereof. This Agreement may not be modified or amended other than by an agreement in writing executed by
each of the parties hereto. Neither the Issuer nor the Collateral Manager will enter into any agreement amending, modifying or terminating this Agreement without satisfaction of the Global Rating Agency Condition and obtaining the consent of a
Majority of the Controlling Class and a Majority of the Interests (voting separately); provided that no such Global Rating Agency Condition or consent will be required in connection with any amendment hereto the sole purpose of which is to
(i) correct inconsistencies, typographical or other errors, defects or ambiguities or (ii) conform this Agreement to the Final Offering Circular or the Indenture (as it may be amended from time to time). The Issuer shall provide the
Holders with notice of any amendment of this Agreement. 
 Section 21. Governing Law. 

THIS AGREEMENT SHALL BE GOVERNED BY THE LAW OF THE STATE OF NEW YORK WITHOUT REFERENCE TO ITS CONFLICTS OF LAWS PROVISIONS (OTHER THAN SECTION
5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW), provided that nothing herein shall be construed in a manner that is inconsistent with the Advisers Act to the extent the Advisers Act is applicable. 

  
 35 

 Section 22. Submission to Jurisdiction. 

Each party hereto hereby irrevocably submits to the non-exclusive jurisdiction of any New York State or Federal court sitting in the Borough
of Manhattan in The City of New York in any action or proceeding arising out of or relating this Agreement, and hereby irrevocably agrees that all claims in respect of such action or proceeding may be heard and determined in such New York State or
Federal court. Each party hereto hereby irrevocably waives, to the fullest extent that it may legally do so, the defense of an inconvenient forum to the maintenance of such action or proceeding. Each party hereto irrevocably consents to the service
of any and all process in any action or proceeding by the mailing or delivery of copies of such process to it the address set forth in Section 18. Each party hereto agrees that a final judgment in any such action or proceeding shall be
conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. 
 Section 23.
Waiver of Jury Trial. 
 EACH PARTY TO THIS AGREEMENT HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT
THAT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY PROCEEDING. 
 Section 24. Conflict with the Indenture. 

In respect of any conflict between the terms of this Agreement and the Indenture or actions required under the terms of the Indenture and the
terms of this Agreement, the terms of the Indenture shall control. 
 Section 25. Subordination; Assignment of Agreement. 

The Collateral Manager agrees that the payment of all amounts to which it is entitled pursuant to this Agreement shall be subordinated to the
extent set forth in, and the Collateral Manager agrees to be bound by the provisions of, Article XI of the Indenture as if the Collateral Manager were a party to the Indenture and hereby consents to the assignment of this Agreement as provided in
Section 15.1 of the Indenture. 
 Section 26. Indulgences Not Waivers. 

Neither the failure nor any delay on the part of any party hereto to exercise any right, remedy, power or privilege under this Agreement shall
operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege preclude any other or further exercise of the same or of any other right, remedy, power or privilege, nor shall any waiver of any right,
remedy, power or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence. No waiver shall be effective unless it is in writing and is signed by the party
asserted to have granted such waiver. 

  
 36 

 Section 27. Costs and Expenses. 

Except as otherwise agreed to by the parties hereto, the costs and expenses (including the fees and disbursements of counsel and accountants)
of the Collateral Manager and of the Issuer incurred in connection with the negotiation and preparation of and the execution of this Agreement and any amendment hereto, and all matters incidental thereto, shall be borne by the Issuer. The Issuer
will pay or reimburse the Collateral Manager for expenses including fees and out-of-pocket expenses reasonably incurred by the Collateral Manager in connection with the services provided by the Collateral Manager under this Agreement, the Indenture
or the Master Loan Sale Agreement, including with respect to (a) legal advisers, consultants, rating agencies, accountants, brokers and other professionals retained by the Issuer or the Collateral Manager (on behalf of the Issuer),
(b) asset pricing and asset rating services, compliance services and software, and accounting, programming and data entry services directly related to the management of the Assets, (c) all taxes, regulatory and governmental charges (not
based on the income of the Collateral Manager), insurance premiums or expenses, (d) any and all costs and expenses incurred in connection with the acquisition or disposition of investments on behalf of the Issuer (whether or not actually
consummated) and management thereof, including attorneys’ fees and disbursements, (e) any fees, expenses or other amounts payable to the Rating Agencies, (f) any extraordinary costs and expenses incurred by the Collateral Manager in
the performance of its obligations under this Agreement and the Indenture and (g) as otherwise agreed upon by the Issuer and the Collateral Manager. In addition, the Issuer will pay or reimburse the costs and expenses (including fees and
disbursements of counsel and accountants) of the Collateral Manager and the Issuer incurred in connection with or incidental to the entering into of this Agreement or any amendment thereof. The fees and expenses payable to the Collateral Manager on
any Payment Date are payable in accordance with the Priority of Payments. 
 Section 28. Third Party Beneficiary. 

The parties hereto agree that the Trustee on behalf of the Secured Parties shall be a third party beneficiary of this Agreement, and shall be
entitled to rely upon and enforce such provisions of this Agreement to the same extent as if it were a party hereto. 
 Section 29.
Titles Not to Affect Interpretation. 
 The titles of paragraphs and subparagraphs contained in this Agreement are for convenience
only, and they neither form a part of this Agreement nor are they to be used in the construction or interpretation hereof. 

Section 30. Execution in Counterparts. 

This Agreement (and each amendment, modification and waiver in respect of it) may be executed and delivered in counterparts (including by
e-mail (.pdf) or facsimile transmission), each of which will be deemed an original, and all of which together constitute one and the same instrument. Delivery of an executed counterpart signature page of this Agreement by e-mail (.pdf) or facsimile
shall be effective as delivery of a manually executed counterpart of this Agreement. 

  
 37 

 Section 31. Provisions Separable. 

The provisions of this Agreement are independent of and separable from each other, and no provision shall be affected or rendered invalid or
unenforceable by virtue of the fact that for any reason any other or others of them may be invalid or unenforceable in whole or in part. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK.] 

  
 38 

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

			
	NEWSTAR COMMERCIAL LOAN FUNDING 2013-1 LLC, as Issuer
		
	By:	 	NewStar Financial, Inc., its Designated Manager
		
	By:	 	/s/ JOHN J. FRISHKOPF
	Name:	 	John J. Frishkopf
	Title:	 	Treasurer

 [Signature Page to Collateral Management Agreement] 

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

			
	 NEWSTAR FINANCIAL, INC., 

      as Collateral Manager

		
	By:	 	/s/ JOHN J. FRISHKOPF
	Name:	 	John J. Frishkopf
	Title:	 	Treasurer

 [Signature Page to Collateral Management Agreement]EX-10.3

 Exhibit 10.3 

EXECUTION VERSION 
  

 
  

TERM LOAN CREDIT AGREEMENT 
 dated
as of 
 September 6, 2013 

among 
 PERRIGO COMPANY LIMITED,
as Term Facility Borrower, 
 THE LENDERS PARTY HERETO, 

BARCLAYS BANK PLC, 
 as
Administrative Agent 
 HSBC BANK USA, N.A., 

as Syndication Agent 
 BANK OF
AMERICA, N.A., 
 JPMORGAN CHASE BANK, N.A. 

and 
 WELLS FARGO BANK, NATIONAL
ASSOCIATION, 
 as Documentation Agents 
  

 
 BARCLAYS BANK
PLC 
 and 
 HSBC SECURITIES (USA)
INC., 
 as Joint Bookrunners 

and 
 BARCLAYS BANK PLC, 

HSBC SECURITIES (USA) INC., 

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, 

J.P. MORGAN SECURITIES LLC 
 and

 WELLS FARGO SECURITIES, LLC, 

as Joint Lead Arrangers 
  

 
  

 Table of Contents 

 

									
	 	 	 	 	 	  	Page	 
		
	 ARTICLE I Definitions
	  	 	1	  
				
		 	 SECTION 1.01.
	 	 Defined Terms
	  	 	1	  
				
		 	 SECTION 1.02.
	 	 Classification of Loans and Borrowings
	  	 	26	  
				
		 	 SECTION 1.03.
	 	 Terms Generally
	  	 	26	  
				
		 	 SECTION 1.04.
	 	 Accounting Terms; GAAP; Pro Forma Treatment
	  	 	27	  
				
		 	 SECTION 1.05.
	 	 Foreign Currency Calculations
	  	 	27	  
				
		 	 SECTION 1.06.
	 	 Schedules
	  	 	28	  
		
	 ARTICLE II The Credits
	  	 	28	  
				
		 	 SECTION 2.01.
	 	 Commitments
	  	 	28	  
				
		 	 SECTION 2.02.
	 	 Loans and Borrowings
	  	 	28	  
				
		 	 SECTION 2.03.
	 	 Requests for Borrowings
	  	 	29	  
				
		 	 SECTION 2.04.
	 	 Funding of Borrowings
	  	 	29	  
				
		 	 SECTION 2.05.
	 	 Interest Elections
	  	 	30	  
				
		 	 SECTION 2.06.
	 	 Termination and Reduction/Increases of Commitments
	  	 	31	  
				
		 	 SECTION 2.07.
	 	 Repayment of Loans; Evidence of Debt
	  	 	33	  
				
		 	 SECTION 2.08.
	 	 Voluntary Prepayment of Loans
	  	 	33	  
				
		 	 SECTION 2.09.
	 	 Additional Interest and Fees
	  	 	34	  
				
		 	 SECTION 2.10.
	 	 Interest
	  	 	34	  
				
		 	 SECTION 2.11.
	 	 Alternate Rate of Interest
	  	 	35	  
				
		 	 SECTION 2.12.
	 	 Increased Costs
	  	 	35	  
				
		 	 SECTION 2.13.
	 	 Break Funding Payments
	  	 	36	  
				
		 	 SECTION 2.14.
	 	 Withholding of Taxes; Gross-Up
	  	 	37	  
				
		 	 SECTION 2.15.
	 	 Payments Generally; Pro Rata Treatment; Sharing of Set-offs
	  	 	39	  
				
		 	 SECTION 2.16.
	 	 Mitigation Obligations; Replacement of Lenders
	  	 	40	  
				
		 	 SECTION 2.17.
	 	 Additional Reserve Costs
	  	 	41	  
				
		 	 SECTION 2.18.
	 	 Defaulting Lenders
	  	 	41	  
		
	 ARTICLE III Representations and Warranties
	  	 	42	  
				
		 	 SECTION 3.01.
	 	 Organization; Powers
	  	 	42	  
				
		 	 SECTION 3.02.
	 	 Authorization; Enforceability
	  	 	42	  
				
		 	 SECTION 3.03.
	 	 Governmental Approvals; No Conflicts
	  	 	42	  
				
		 	 SECTION 3.04.
	 	 Financial Condition; No Material Adverse Change
	  	 	43	  
				
		 	 SECTION 3.05.
	 	 Properties
	  	 	43	  
				
		 	 SECTION 3.06.
	 	 Litigation and Environmental Matters
	  	 	44	  
				
		 	 SECTION 3.07.
	 	 Compliance with Laws and Agreements
	  	 	44	  

  
 i 

									
		 	 SECTION 3.08.
	 	 Investment Company Status
	  	 	44	  
				
		 	 SECTION 3.09.
	 	 Taxes
	  	 	44	  
				
		 	 SECTION 3.10.
	 	 ERISA
	  	 	45	  
				
		 	 SECTION 3.11.
	 	 Disclosure
	  	 	45	  
				
		 	 SECTION 3.12.
	 	 Use of Loans
	  	 	45	  
				
		 	 SECTION 3.13.
	 	 Acquisition Related Representations
	  	 	46	  
		
	 ARTICLE IV Conditions
	  	 	46	  
				
		 	 SECTION 4.01.
	 	 Effective Date
	  	 	46	  
				
		 	 SECTION 4.02.
	 	 Acquisition Closing Date
	  	 	48	  
				
		 	 SECTION 4.03.
	 	 Action by Lenders During Certain Funds Period
	  	 	49	  
		
	 ARTICLE V Affirmative Covenants
	  	 	50	  
				
		 	 SECTION 5.01.
	 	 Financial Statements; Ratings Change and Other Information
	  	 	50	  
				
		 	 SECTION 5.02.
	 	 Notices of Material Events
	  	 	51	  
				
		 	 SECTION 5.03.
	 	 Existence; Conduct of Business
	  	 	52	  
				
		 	 SECTION 5.04.
	 	 Payment of Obligations
	  	 	52	  
				
		 	 SECTION 5.05.
	 	 Maintenance of Properties; Insurance; Accounts
	  	 	52	  
				
		 	 SECTION 5.06.
	 	 Books and Records; Inspection Rights
	  	 	52	  
				
		 	 SECTION 5.07.
	 	 Compliance with Laws
	  	 	52	  
				
		 	 SECTION 5.08.
	 	 Use of Proceeds
	  	 	52	  
				
		 	 SECTION 5.09.
	 	 Additional Covenants
	  	 	52	  
				
		 	 SECTION 5.10.
	 	 Progress of the Scheme
	  	 	53	  
				
		 	 SECTION 5.11.
	 	 Covenant to Guarantee Obligations; Additional Guarantors
	  	 	54	  
				
		 	 SECTION 5.12.
	 	 Covenant to Re-register Eagle as a Private Company
	  	 	55	  
		
	 ARTICLE VI Negative Covenants
	  	 	55	  
				
		 	 SECTION 6.01.
	 	 Non-Guarantor Subsidiary Indebtedness
	  	 	55	  
				
		 	 SECTION 6.02.
	 	 Liens
	  	 	56	  
				
		 	 SECTION 6.03.
	 	 Fundamental Changes
	  	 	57	  
				
		 	 SECTION 6.04.
	 	 Investments, Loans, Advances, Guarantees and Acquisitions
	  	 	57	  
				
		 	 SECTION 6.05.
	 	 Swap Agreements
	  	 	58	  
				
		 	 SECTION 6.06.
	 	 Restricted Payments
	  	 	58	  
				
		 	 SECTION 6.07.
	 	 Transactions with Affiliates
	  	 	59	  
				
		 	 SECTION 6.08.
	 	 Restrictive Agreements
	  	 	59	  
				
		 	 SECTION 6.09.
	 	 Disposition of Assets; Etc.
	  	 	59	  
				
		 	 SECTION 6.10.
	 	 Leverage Ratio
	  	 	60	  
				
		 	 SECTION 6.11.
	 	 Interest Coverage Ratio
	  	 	60	  
				
		 	 SECTION 6.12.
	 	 Limitations on Activities of the Term Facility Borrower and its Subsidiaries During the Certain Funds Period
	  	 	60	  

  
 ii 

									
	 ARTICLE VII Events of Default
	  	 	61	  
		
	 ARTICLE VIII The Agents
	  	 	63	  
				
		 	 SECTION 8.01.
	 	 Appointment
	  	 	63	  
				
		 	 SECTION 8.02.
	 	 Nature of Duties
	  	 	64	  
				
		 	 SECTION 8.03.
	 	 Resignation by the Agents
	  	 	65	  
				
		 	 SECTION 8.04.
	 	 Each Agent in its Individual Capacity
	  	 	65	  
				
		 	 SECTION 8.05.
	 	 Indemnification
	  	 	65	  
				
		 	 SECTION 8.06.
	 	 Lack of Reliance on Agents
	  	 	65	  
				
		 	 SECTION 8.07.
	 	 Designation of Affiliates
	  	 	66	  
		
	 ARTICLE IX Miscellaneous
	  	 	66	  
				
		 	 SECTION 9.01.
	 	 Notices
	  	 	66	  
				
		 	 SECTION 9.02.
	 	 Waivers; Amendments
	  	 	67	  
				
		 	 SECTION 9.03.
	 	 Expenses; Indemnity; Damage Waiver
	  	 	68	  
				
		 	 SECTION 9.04.
	 	 Successors and Assigns
	  	 	69	  
				
		 	 SECTION 9.05.
	 	 Survival
	  	 	72	  
				
		 	 SECTION 9.06.
	 	 Counterparts; Integration; Effectiveness
	  	 	72	  
				
		 	 SECTION 9.07.
	 	 Severability
	  	 	73	  
				
		 	 SECTION 9.08.
	 	 Right of Setoff
	  	 	73	  
				
		 	 SECTION 9.09.
	 	 Governing Law; Jurisdiction; Consent to Service of Process
	  	 	73	  
				
		 	 SECTION 9.10.
	 	 WAIVER OF JURY TRIAL
	  	 	74	  
				
		 	 SECTION 9.11.
	 	 Headings
	  	 	74	  
				
		 	 SECTION 9.12.
	 	 Confidentiality
	  	 	74	  
				
		 	 SECTION 9.13.
	 	 Interest Rate Limitation
	  	 	74	  
				
		 	 SECTION 9.14.
	 	 USA PATRIOT Act
	  	 	75	  
				
		 	 SECTION 9.15.
	 	 Conversion of Currencies
	  	 	75	  
				
		 	 SECTION 9.16.
	 	 No Advisory or Fiduciary Responsibility
	  	 	75	  

 SCHEDULES: 
  

					
	 Schedule 1.01
	 	–	  	 Guarantors

	 Schedule 2.01
	 	–	  	 Commitments

	 Schedule 3.03
	 	–	  	 Governmental Approvals

	 Schedule 3.06
	 	–	  	 Disclosed Matters – Litigation and Environmental Matters

	 Schedule 3.07
	 	–	  	 Disclosed Matters – Compliance with Laws and Agreements

	 Schedule 6.01
	 	–	  	 Existing Non-Guarantor Subsidiary Indebtedness

	 Schedule 6.02
	 	–	  	 Existing Liens

	 Schedule 6.04
	 	–	  	 Existing Investments, Loans and Advances

	 Schedule 6.08
	 	–	  	 Existing Restrictions

  
 iii 

					
	EXHIBITS:
			
	Exhibit A	 	–	  	Form of Assignment and Assumption
	Exhibit B	 	–	  	Note
	Exhibit C	 	–	  	Mandatory Cost Rate
	Exhibit D	 	–	  	Form of Joinder Agreement
	Exhibit E	 	–	  	Form of Closing Certificate
	Exhibit F	 	–	  	Lender Addition and Acknowledgement Agreement

  
 iv 

 This TERM LOAN CREDIT AGREEMENT (this “Agreement”), dated as of
September 6, 2013, is among PERRIGO COMPANY LIMITED, formerly known as BLISFONT LIMITED, a private limited company organized under the laws of Ireland (the “Term Facility Borrower”), as Term Facility Borrower, the LENDERS party
hereto, BARCLAYS BANK PLC, as Administrative Agent, HSBC BANK USA, N.A., as Syndication Agent, and BANK OF AMERICA, N.A., JPMORGAN CHASE BANK, N.A. and WELLS FARGO BANK, NATIONAL ASSOCIATION as Documentation Agents. 

RECITALS 
 WHEREAS the
Term Facility Borrower intends to acquire (the “Acquisitions”) pursuant to the Transaction Agreement among Eagle, Perrigo Company (the “Company”), New Foreign Holdco, Company Merger Sub and the Term Facility
Borrower dated July 28, 2013 (including any schedules, exhibits, annexes, appendices or other attachments thereto, the “Acquisition Agreement”) (a) all of the outstanding ordinary shares of Elan Corporation, PLC
(“Eagle”) for consideration consisting of $6.25 per Elan Share (as defined in the Acquisition Agreement) in cash (the “Cash Consideration”) and newly issued ordinary shares of the Term Facility Borrower, which
acquisition will be effected pursuant to the Scheme (as hereinafter defined) and (b) all of the outstanding capital stock of the Company for consideration consisting of newly issued ordinary shares of the Term Facility Borrower and a relatively
small portion of cash or nonvoting shares of the Term Facility Borrower, which acquisition will be effected pursuant to a merger of a newly created indirect subsidiary of the Term Facility Borrower organized under the laws of the State of Delaware
(“Company Merger Sub”) with and into the Company with the Company as the surviving company (the “Company Merger”); and 

WHEREAS in connection with the Acquisitions, the Term Facility Borrower intends to finance the payment of the Cash Consideration, the
repayment of certain existing indebtedness of the Company on or prior to 60 days following the Acquisition Closing Date and the payment of fees and expenses related to the Acquisitions from the following sources: (i) the proceeds of up to $2.75
billion in senior unsecured notes (the “New Senior Notes”) or, to the extent that the New Senior Notes are not issued at or prior to the time the Acquisitions are consummated, the proceeds of up to $1.65 billion in borrowings under
a tranche of the Debt Bridge Facility, (ii) the proceeds of up to $1.0 billion from borrowings under this Agreement or, to the extent that the Loans are not made at or prior to the time the Acquisitions are consummated, the proceeds of up to
$1.0 billion in borrowings under a second tranche of the Debt Bridge Facility and (iii) the proceeds of up to $1.7 billion from borrowings under the Cash Bridge Facility which will be repaid with the proceeds of cash on hand at Eagle within 60
days after the closing of the Acquisitions (the transactions set forth in this paragraph and the immediately preceding paragraph, the “Transactions”); 

IN CONSIDERATION THEREOF the parties hereto agree as follows: 

ARTICLE I 

Definitions 
 SECTION
1.01. Defined Terms. As used in this Agreement, the following terms have the meanings specified below: 
 “1983 Act”
means the Companies (Amendment) Act, 1983 of Ireland, as amended. 
 “1990 Act” means the Companies Act, 1990 of Ireland,
as amended. 

 “ABR”, when used in reference to any Loan or Borrowing, refers to whether such
Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Alternate Base Rate. 

“Acquisition Agreement” has the meaning set forth in the recitals hereto. 

“Acquisition Closing Date” means the date on or before the Long Stop Date on which the conditions specified in
Section 4.02 are satisfied (or waived in accordance with Section 9.02) and the Acquisitions are consummated. 

“Acquisition Closing Date Guarantors” means each entity listed on Part B of Schedule 1.01. 

“Acquisitions” has the meaning set forth in the recitals hereto. 

“Act” means the Companies Act 1963 of Ireland, as amended. 

“Additional Acquisition” means any transaction, or any series of related transactions, consummated on or after the date of
this Agreement, by which the Term Facility Borrower or any of its Subsidiaries (i) acquires any going business or all or substantially all of the assets of any firm, corporation or limited liability company, or division thereof, whether through
purchase of assets, merger or otherwise or (ii) 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 Equity Interests of a Person.

 “Adjusted LIBO Rate” means, with respect to any Eurocurrency Borrowing for any Interest Period, an interest rate per
annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (i) the LIBO Rate for such Interest Period multiplied by (ii) the Statutory Reserve Rate. 

“Adjusted One Month LIBOR Rate” means, an interest rate per annum equal to the sum of (i) 1.00% per annum plus
(ii) the Adjusted LIBO Rate for a one month Interest Period on such day (or if such day is not a Business Day, the immediately preceding Business Day); provided that, for the avoidance of doubt, the Adjusted LIBO Rate for any day shall
be based on the Screen Rate at approximately 11:00 a.m. London time on such day. 
 “Administrative Agent” means Barclays,
in its capacity as administrative agent for the Lenders hereunder. 
 “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. 

“Agents” means the Administrative Agent the Syndication Agent and the Documentation Agents. 

“Aggregate Commitments” means, at any time, the aggregate amount of the Commitments of all Lenders at such time. 

“Aggregate Loans” means, at any time, the sum of the Loans of all Lenders at such time. 

  
 2 

 “Agreement” has the meaning set forth in the preamble hereto. 

“Agreement Currency” shall have the meaning assigned to such term in Section 9.15(b). 

“Alternate Base Rate” or “ABR” means the highest of (i) the Prime Rate, (ii) the Federal Funds
Effective Rate plus 0.50% and (iii) the Adjusted One Month LIBOR Rate. Any change in the Alternate Base Rate due to a change in the Prime Rate, the Federal Funds Effective Rate or the Adjusted One Month LIBOR Rate shall be effective from and
including the effective date of such change in the Prime Rate, the Federal Funds Effective Rate or the Adjusted One Month LIBOR Rate, respectively. 

“Anti-Corruption Laws” has the meaning set forth in Section 3.07. 

“Applicable Creditor” shall have the meaning assigned to such term in Section 9.15(b). 

“Applicable Lending Installation” is defined in Section 2.02(e). 

“Applicable Margin” means, for any day, with respect to any Eurocurrency Loan or ABR Loan and with respect to Ticking
Interest, the applicable rate per annum (expressed in basis points) set forth below under the caption “Applicable Margin” based upon the Debt Rating as of such date: 

 

															
	 Status
	  	 Debt Rating
	  	Applicable
Margin –
Eurocurrency
Loans	 	 	Applicable
Margin – ABR
Loans	 	 	Applicable
Margin –
Ticking
Interest	 
	 Level I
	  	BBB+ / Baa1 or better	  	 	1.125	% 	 	 	0.125	% 	 	 	0.125	% 
	 Level II
	  	BBB/Baa2	  	 	1.375	% 	 	 	0.375	% 	 	 	0.175	% 
	 Level III
	  	BBB-/Baa3	  	 	1.75	% 	 	 	0.75	% 	 	 	0.20	% 
	 Level IV
	  	BB+/Ba1	  	 	2.00	% 	 	 	1.00	% 	 	 	0.25	% 
	 Level V
	  	 Any ratings lower

than Level IV
 Status
	  	 	2.25	% 	 	 	1.25	% 	 	 	0.35	% 

 As used herein “Debt Rating” means the rating by S&P and Moody’s for Index Debt of the Term
Facility Borrower. Notwithstanding the above definitions, the parties agree that for purposes of determining what Debt Rating applies, (i) if the rating by Moody’s and the rating by S&P differ by one level, then the applicable rating
level shall be based upon the higher of such ratings, (ii) if said rating by Moody’s and said rating by S&P differ by more than one level, then the applicable rating level shall be one level lower than the rating level resulting from
the higher of such ratings, (iii) during any period during which there is no such rating by either Moody’s or S&P, Level V shall apply and (iv) in the event only Moody’s or S&P provides a Debt Rating, such rating shall
apply. 
 Notwithstanding the foregoing, the Applicable Margin for Eurocurrency Loans with respect to the Loans shall be 1.50% from the
Acquisition Closing Date until the date the compliance certificate is delivered by the Term Facility Borrower pursuant to Section 5.01(c) for the first Fiscal Quarter following the Acquisition Closing Date. 

Notwithstanding the foregoing, the Applicable Margin for ABR Loans, with respect to the Loans shall be 0.50% from the Acquisition Closing Date
until the date the compliance certificate is delivered by the Term Facility Borrower pursuant to Section 5.01(c) for the first Fiscal Quarter following the Acquisition Closing Date. 

  
 3 

 “Applicable Percentage” means, with respect to any Lender, the percentage of the
Aggregate Commitments or Aggregate Loans outstanding at such time represented by such Lender’s Commitments or outstanding Loans; provided that when a Defaulting Lender shall exist, then such percentage shall mean the percentage of
Aggregate Commitments (disregarding any Defaulting Lender’s Commitment) or Aggregate Loans outstanding represented by such Lender’s Commitments and outstanding Loans. 

“Assignment and Assumption” means an assignment and assumption entered into by a Lender and an assignee (with the consent of
any party whose consent is required by Section 9.04), and accepted by the Administrative Agent, in the form of Exhibit A or any other form approved by the Administrative Agent. 

“Bankruptcy Event” means, with respect to any Person, such Person becomes the subject of a bankruptcy or insolvency
proceeding, or has had a receiver, conservator, trustee, administrator, liquidator, examiner, custodian, assignee for the benefit of creditors or similar Person charged with the reorganization or liquidation of its business appointed for it, or, in
the good faith determination of the Administrative Agent, has taken any action to bring or obtain or indicating its consent to, approval of, or acquiescence in, any such proceeding or appointment, provided that a Bankruptcy Event shall not result
solely by virtue of any ownership interest, or the acquisition of any ownership interest, in such Person by a Governmental Authority or instrumentality thereof, provided, further, that such ownership interest does not result in or provide such
Person with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Person (or such Governmental Authority or instrumentality) to reject, repudiate,
disavow or disaffirm any contracts or agreements made by such Person. 
 “Barclays” means Barclays Bank PLC and its
successors. 
 “Board” means the Board of Governors of the Federal Reserve System of the United States of America. 

“Board of Directors” means: (1) with respect to a corporation, the board of directors of the corporation or such
directors or committee serving a similar function; (2) with respect to a limited liability company, the board of managers of the company or such managers or committee serving a similar function; (3) with respect to a partnership, the Board
of Directors of the general partner of the partnership; and (4) with respect to any other Person, the managers, directors, trustees, board or committee of such Person or its owners serving a similar function. 

“Borrowing” means Loans or portions thereof from the same Commitment and of the same Type made, converted or continued on the
same date and, in the case of Eurocurrency Loans, as to which a single Interest Period is in effect. 
 “Borrowing Request”
means a request by the Term Facility Borrower for a Borrowing in accordance with Section 2.03. 
 “Business Day” means
any day that is not a Saturday, Sunday or other day on which commercial banks in New York City are authorized or required by law to remain closed; provided that, when used in connection with a Eurocurrency Loan, the term “Business
Day” shall also exclude any day on which banks are not open for dealings in deposits in Dollars in the London interbank market. 

“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 

  
 4 

 
property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases (and not operating 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. 
 “Capital
Reduction” means the proposed reduction of the share capital of Eagle under Sections 72 and 74 of the Act, which forms part of the Scheme. 

“Cash Bridge Facility” means the bridge facility available pursuant to the Cash Bridge Credit Agreement dated July 28,
2013 among the Term Facility Borrower, Barclays, as administrative agent, HSBC, as syndication agent, and the lenders from time to time party thereto. 

“Cash Consideration” has the meaning set forth in the recitals hereto. 

“Certain Funds Event of Default” means a Default under any of (i) clause (d) or (e) of Article VII in respect
of the failure of the Term Facility Borrower or any of its Subsidiaries, including, for these purposes, the Company or any of its Subsidiaries (but excluding in any event, the Eagle Group) to observe or perform any covenant or agreement contained in
Section 5.03 (to the extent relating to the maintenance of such Person’s organizational existence only and assuming notice of such default had been provided to the Term Facility Borrower by the Administrative Agent), Section 6.01,
Section 6.02, Section 6.03, Section 5.10(a), Section 5.10(b) or Section 6.12(a) or (c), (ii) clause (h) or (i) of Article VII (solely with respect to the Term Facility Borrower, the Company and the Effective
Date Guarantors) or (iii) clause (m) (but only to the extent claimed or alleged by the Term Facility Borrower) or (n) of Article VII. 

“Certain Funds Period” means the period commencing on the Effective Date and ending on (and including) the Certain Funds
Termination Date. 
 “Certain Funds Representations” means each of the representations set out in Sections 3.01 (but
limited to organization, existence and good standing only), 3.02, 3.03 (insofar as it relates to the execution, delivery and performance of the Loan Documents), 3.08 and 3.12 (but limited to the third sentence thereof), in each case only insofar as
such representations apply to the Term Facility Borrower and its Subsidiaries, including the Company and its Subsidiaries (but excluding the Eagle Group). 

“Certain Funds Termination Date” means the first date on which a Mandatory Cancellation Event occurs or exists. 

“CFC” means a “controlled foreign corporation” within the meaning of Section 957(a) of the Code that is a
direct or indirect Subsidiary of the Term Facility Borrower. 
 “CFC Excluded Subsidiary” means any (a) CFC,
(b) Subsidiary, whether disregarded or regarded for U.S. federal income tax purposes, which has no material assets other than Equity Interests in CFCs (or captive insurance companies, not-for-profit subsidiaries, or special purposes entities),
or (c) direct or indirect Subsidiary of a Foreign Subsidiary that is a CFC. 
 “Change in Control” means
(a) occupation of a majority of the seats (other than vacant seats) on the Board of Directors of the Term Facility Borrower by Persons who were neither (i) nominated by the Board of Directors of the Term Facility Borrower nor
(ii) appointed by directors so nominated or (b) any person or group or persons (within the meaning of Section 13(d) of the Securities Exchange Act of 1934, as amended), or persons acting in concert within the meaning of the Irish
Takeover Rules shall obtain ownership or control in one or more series of transactions of more than 35% of the common Equity Interests or 35% of the voting power of the Equity Interests of the Term Facility Borrower entitled to vote on the election
of members of the Board of Directors of the Term Facility Borrower. For the avoidance of doubt, the consummation of the Acquisitions shall not constitute a Change in Control. 

  
 5 

 “Change in Law” means the occurrence, after the date of this Agreement (or with
respect to any Lender, if later, the date on which such Lender becomes a Lender), 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 or application thereof by any Governmental Authority, or (c) the making or issuance of any request, rule, guideline, requirement or directive (whether or not having the force of law) by any Governmental
Authority; provided however, that notwithstanding anything herein to the contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines, requirements and directives thereunder, or issued in
connection therewith or in implementation thereof, and (ii) all requests, rules, guidelines, requirements and 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, issued or implemented. 

“Class” when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing,
are Tranche 1 Loans or Tranche 2 Loans. 
 “Clean-up Period” means the period commencing on the Acquisition Closing Date
and ending on the date falling 90 days after the Acquisition Closing Date. 
 “Code” means the Internal Revenue Code of
1986, as amended from time to time. 
 “Commitment” means, the Tranche 1 Commitments and the Tranche 2 Commitments. 

“Company” has the meaning set forth in the recitals hereto. 

“Company Merger” has the meaning set forth in the recitals hereto. 

“Company Merger Sub” has the meaning set forth in the recitals hereto. 

“Company Shares” means the Equity Interests of the Company. 

“Consolidated EBIT” means, with reference to any period, the net income (or loss) of the Term Facility Borrower and its
Subsidiaries for such period, plus, to the extent deducted from revenues in determining such net income, without duplication, (i) Consolidated Interest Expense, (ii) expense for income taxes paid or accrued, (iii) extraordinary
non-cash losses incurred other than in the ordinary course of business, (iv) losses incurred other than in the ordinary course of business that are non-cash, non-operating and non-recurring, (v) cash transaction costs and other costs and
expenses arising from the Transactions and recorded within 12 months of the Acquisition Closing Date, including any advisory fees (including investment banking fees), legal accounting costs and expenses, consulting costs and debt breakage costs
(including any make whole or prepayment premiums, write offs or swap termination costs), (vi) J&J Partnership commitments, provided such amount under this clause (vi) shall not exceed $70,000,000 in the aggregate, (vii) cash
restructuring costs recorded within 18 months of the Acquisitions, provided such amount under this clause (vii) shall not exceed $55,000,000 in the aggregate for such period and (viii) non-cash losses arising from accounting relating to
losses realized or adjustments to the value of equity held in entities that are not Subsidiaries, minus, to the extent included in such net income, (a) extraordinary non-cash gains realized other than in the ordinary course of business,
(b) gains realized other than in the ordinary course of business that are non-cash, non-operating 

  
 6 

 
and non-recurring, and (c) non-cash gains arising from accounting relating to income realized or adjustments to the value of equity held in entities that are not Subsidiaries, all as
determined in accordance with GAAP and calculated for the Term Facility Borrower and its Subsidiaries on a consolidated basis. 

“Consolidated EBITDA” means, with reference to any period, the Consolidated EBIT for such period, plus, to the extent
deducted from revenues in determining such Consolidated EBIT, depreciation and amortization expense, all as determined in accordance with GAAP and calculated for the Term Facility Borrower and its Subsidiaries on a consolidated basis;
provided that, for purpose of the testing of the financial covenants in Sections 6.10 and 6.11 for any quarter ended prior to June 30, 2014, the Consolidated EBITDA of the Eagle Group shall be annualized based on Consolidated EBITDA for
the quarter(s) ended on June 30, 2013 multiplied by 4, 2, and 4/3 for the first, second and third quarters, respectively, following such date. 

“Consolidated Indebtedness” means at any time the Indebtedness of the Term Facility Borrower and its Subsidiaries calculated
on a consolidated basis in accordance with GAAP, excluding the New Senior Notes during the period that the proceeds of such New Senior Notes are being held in escrow pending the release of such proceeds to finance the Transactions. 

“Consolidated Interest Expense” means, with reference to any period, the Interest Expense of the Term Facility Borrower and
its Subsidiaries calculated on a consolidated basis in accordance with GAAP for such period, including without limitation all financing costs in connection with a Permitted Securitization Transaction, but excluding Interest Expense in respect of the
New Senior Notes during the period that the proceeds of such New Senior Notes are being held in escrow pending the release of such proceeds to finance the Transactions. 

“Consolidated Total Assets” means, as of any date, the total assets of the Term Facility Borrower and its consolidated
Subsidiaries, determined in accordance with GAAP, as set forth on the consolidated balance sheet of the Term Facility Borrower as of such date. 

“Consolidated Total Tangible Assets” means, as of any date, the Consolidated Total Assets as of such date, less all goodwill
and intangible assets determined in accordance with GAAP included in such Consolidated Total Assets. 
 “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. 
 “Court” means the High Court of Ireland. 

“Court Meeting” means the meeting of the holders of the Shares in Eagle or any adjournment thereof to be convened by an order
of the Court pursuant to Section 201 of the Act to consider and, if thought fit, approve the Scheme (with or without amendment), together with any meeting held as a result of an adjournment or reconvention by the Court thereof. 

“Court Order” means the perfected Order of the Court sanctioning the Scheme for the purposes of Section 201(3) of the
Act and confirming the Capital Reduction and approving the Minute. 
 “Credit Party” means the Administrative Agent and any
Lender. 

  
 7 

 “Debt Bridge Facility” means the bridge facility available pursuant to the Debt
Bridge Credit Agreement dated July 28, 2013 among the Term Facility Borrower, Barclays, as administrative agent, HSBC, as syndication agent, and the lenders from time to time party thereto. 

“Debt Rating” has the meaning set forth in the definition of “Applicable Margin.” 

“Default” means any event or condition which constitutes an Event of Default or which upon notice, lapse of time or both
would, unless cured or waived, become an Event of Default. 
 “Defaulting Lender” means any Lender that (a) has
failed, within two Business Days of the date required to be funded or paid, to (i) fund any portion of its Loans or (ii) pay over to any Credit Party any amount required to be paid by it hereunder, unless, in the case of clause
(i) above, such Lender notifies the Administrative Agent in writing that such failure is the result of such Lender’s good faith determination that a condition precedent to funding (specifically identified and including the particular
default, if any) has not been satisfied, (b) has notified the Term Facility Borrower or any Credit Party in writing, or has made a public statement to the effect, that it does not intend or expect to comply with any of its funding obligations
under this Agreement (unless such writing or public statement indicates that such position is based on such Lender’s good faith determination that a condition precedent (specifically identified and including the particular default, if any) to
funding a loan under this Agreement cannot be satisfied) or generally under other agreements in which it commits to extend credit, (c) has failed, within three Business Days after request by a Credit Party, acting in good faith, to provide a
certification in writing from an authorized officer of such Lender that it will comply with its obligations (and is financially able to meet such obligations) to fund prospective Loans under this Agreement, provided that such Lender shall cease to
be a Defaulting Lender pursuant to this clause (c) upon such Credit Party’s receipt of such certification in form and substance satisfactory to it and the Administrative Agent, or (d) has, or has a direct or indirect parent company
that has, (i) become insolvent or the subject of a Bankruptcy Event, or (ii) had appointed 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 Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity; 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. 
 “Disclosed Matters” means the actions, suits and proceedings and the
environmental matters disclosed in Schedule 3.06 and Schedule 3.07. 
 “Disqualified Stock” means any Equity Interest that,
by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable), or upon the happening of any event, matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or redeemable
at the option of the holder thereof, in whole or in part. 
 “Documentation Agents” means Bank of America, N.A., JPMorgan
Chase Bank, N.A. and Wells Fargo Bank, National Association, in their capacity as documentation agents for the Lenders hereunder. 

“Dollars” or “$” refers to lawful money of the United States of America. 

  
 8 

 “Dollar Equivalent” means, on any date of determination (a) with respect to
any amount in Dollars, such amount, and (b) with respect to any amount in any currency other than Dollars (a “Foreign Currency”), the equivalent in Dollars of such amount, determined by the Administrative Agent pursuant to
Section 1.05 using the Exchange Rate with respect to such Foreign Currency at the time in effect under the provisions of such Section. 

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

“Eagle” has the meaning set forth in the recitals hereto. 

“Eagle Acquisition” means the proposed acquisition by Term Facility Borrower of Eagle by means of the Scheme, including any
issuance of Equity Interests by Term Facility Borrower, directly or indirectly, to existing shareholders, optionholders and/or other equity award holders of Eagle in connection with the Scheme, as described in the Press Release and provided for in
the Acquisition Agreement. 
 “Eagle Certificate Provider” has the meaning set forth in Section 5.11(a). 

“Eagle Group” means Eagle and each of its Subsidiaries. 

“Effective Date” means the date the conditions set forth in Section 4.01 are satisfied (or waived in accordance with
Section 9.02). 
 “Effective Date Guarantor” means each entity listed on Part A of Schedule 1.01. 

“Effective Date Loan Party” means the Term Facility Borrower and each Effective Date Guarantor. 

“Embargoed Person” means any Person that (i) is publicly identified on the most current list of “Specially
Designated Nationals and Blocked Persons” published by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”), or (ii) is the target of a sanctions program or sanctions list (A) administered by
OFAC, the European Union or Her Majesty’s Treasury, or (B) under the Iran Sanctions Act, as amended, section 1245 of the National Defense Authorization Act for Fiscal Year 2012 or Executive Order 13590 “Authorizing the Imposition of
Certain Sanctions with respect to the Provision of Services, Technology or Support for Iran’s Energy and Petro-chemical Sectors,” effective November 21, 2011 (collectively, “Sanctions”). 

“Environmental Laws” means all laws, rules, regulations, codes, ordinances, orders, decrees, judgments, injunctions, notices
or binding agreements issued, promulgated or entered into by any Governmental Authority, relating in any way to the environment, preservation or reclamation of natural resources, the management, release or threatened release of any Hazardous
Material or to health and safety matters. 
 “Environmental Liability” means any liability, contingent or otherwise
(including any liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the Term Facility Borrower or any Subsidiary directly or indirectly resulting from or based upon (a) violation of any Environmental
Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the
environment or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 

  
 9 

 “Equity Interests” means shares of capital stock, partnership interests,
membership interests in a limited liability company, beneficial interests in a trust or other equity ownership interests in a Person, and any warrants, options or other rights entitling the holder thereof to purchase or acquire any such equity
interest. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time. 

“ERISA Affiliate” means any trade or business (whether or not incorporated) that is under common control with the Term
Facility Borrower within the meaning of Section 4001(a)(14) of ERISA or that, together with the Term Facility Borrower, is treated as a single employer under Section 414(b), (c), (m) or (o) of the Code. 

“ERISA Event” means (a) any “reportable event”, as defined in Section 4043 of ERISA or the regulations
issued thereunder with respect to a Plan (other than an event for which the 30-day notice period is waived); (b) any failure by any Plan to satisfy the “minimum funding standard” (within the meaning of Section 412 of the Code or
Section 302 of ERISA) applicable to such Plan, whether or not waived; (c) the filing pursuant to Section 412(c) of the Code or Section 302(c) of ERISA of an application for a waiver of the minimum funding standard with respect to
any Plan; (d) a determination that any Plan is, or is expected to be, in “at-risk” status (as defined in Section 430(i)(4) of the Code or Section 303(i)(4) of ERISA); (e) the incurrence by the Term Facility Borrower or
any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the termination of any Plan; (f) the receipt by the Term Facility Borrower or any ERISA Affiliate from the PBGC or a plan administrator of any notice relating
to an intention to terminate any Plan or Plans or to appoint a trustee to administer any Plan; (g) the incurrence by the Term Facility Borrower or any of its ERISA Affiliates of any liability with respect to the withdrawal or partial withdrawal
from any Plan or Multiemployer Plan; or (h) the receipt by the Term Facility Borrower or any ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan from the Term Facility Borrower or any ERISA Affiliate of any notice,
concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be, insolvent or in reorganization, within the meaning of Title IV of ERISA, or is in endangered or critical status, within the
meaning of Sections 431 or 432 of the Code or Sections 304 or 305 of ERISA. 
 “Eurocurrency”, when used in reference to
any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Adjusted LIBO Rate. 

“Event of Default” has the meaning assigned to such term in Article VII. 

“Exchange Rate” means on any day, for purposes of determining the Dollar Equivalent of any Foreign Currency, the rate at
which such Foreign Currency may be exchanged into Dollars at the time of determination on such day on the Reuters Currency pages, if available, for such Foreign Currency. In the event that such rate does not appear on any Reuters Currency pages, the
Exchange Rate shall be determined by reference to such other publicly available service for displaying exchange rates as may be agreed upon by the Administrative Agent and the Term Facility Borrower, or, in the absence of such an agreement, such
Exchange Rate shall instead be the arithmetic average of the spot rates of exchange of the Administrative Agent in the market where its foreign currency exchange operations in respect of such Foreign Currency are then being conducted, at or about
such time as the Administrative Agent shall elect after determining that such rates shall be the basis for determining the Exchange Rate, on such date for the purchase of Dollars for delivery two Business Days later; provided that if at the
time of any such determination, for any reason, no such spot rate is being quoted, the Administrative Agent may use any reasonable method it deems appropriate to determine such rate, and such determination shall be conclusive absent manifest error.

  
 10 

 “Excluded Subsidiary” means (i) any Subsidiary of the Term Facility
Borrower that is not a Wholly-Owned Subsidiary; provided that any such Excluded Subsidiary shall cease to be an Excluded Subsidiary at the time such Subsidiary becomes a Wholly-Owned Subsidiary, (ii) any Subsidiary of the Term Facility Borrower
that is a captive insurance company, not-for-profit Subsidiary, securitization entity or special purpose entity; provided that any such Excluded Subsidiary shall cease to be an Excluded Subsidiary at the time such Subsidiary is no longer a captive
insurance company, not-for-profit Subsidiary, securitization entity or special purpose entity, (iii) any Subsidiary of the Term Facility Borrower that is prohibited by applicable law (including financial assistance, fraudulent conveyance,
preference, thin capitalization or other similar laws and regulations), regulation or contractual provision from Guaranteeing the Obligations; provided that any such Excluded Subsidiary shall cease to be an Excluded Subsidiary at the time any such
prohibition ceases to exist or apply; provided that no guarantee shall be provided by any Subsidiary unless such guarantee is full and unconditional (it being agreed that the Term Facility Borrower will use commercially reasonable efforts to obtain
any consents, approvals or waivers necessary to permit the granting of such guarantee), (iv) any Subsidiary of the Term Facility Borrower the Guaranteeing of the Obligations by which would result in material adverse tax consequences or adverse
accounting consequences to the Term Facility Borrower and its Subsidiaries as reasonably determined in good faith by the Term Facility Borrower; provided that any such Excluded Subsidiary shall cease to be an Excluded Subsidiary at the time any such
material adverse tax consequences or adverse accounting consequences cease to exist or apply, and (v) any Subsidiary of the Term Facility Borrower the Guaranteeing of the Obligations by which would result in costs that are excessive in relation
to the value afforded by such Guarantee (as reasonably determined by the Term Facility Borrower and the Administrative Agent); provided that notwithstanding the foregoing clauses (i) through (v), the Term Facility Borrower may in its sole
discretion designate any Excluded Subsidiary as a Guarantor; provided further that notwithstanding the foregoing clauses (i) through (v), an Excluded Subsidiary shall at all times include a CFC Excluded Subsidiary until such Subsidiary is no
longer a CFC Excluded Subsidiary. 
 “Excluded Taxes” means, with respect to any payment made by any Loan Party under any
Loan Document, any of the following Taxes imposed on or with respect to a Recipient: 
 (a) Taxes imposed on or measured by
net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed as a result of such Recipient being organized under the laws of, or having its principal office or, in the case of any Lender, its applicable
lending office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Lender, Irish withholding Taxes imposed on amounts payable to or for the
account of such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a law in effect on the date on which (i) such Lender acquires such interest in the Loan or Commitment (other than pursuant to a request by the
Term Facility Borrower under Section 2.16) or (ii) such Lender changes its lending office, except in each case to the extent that, pursuant to Section 2.14, 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 and (c) Taxes attributable to such Recipient’s failure to comply with Section 2.14(f). 

“Existing Credit Agreement” means the Credit Agreement dated October 26, 2011 among the Company, the foreign subsidiary
borrowers party thereto, JPMorgan Chase Bank, N.A., as administrative Agent, and the financial institutions and lenders from time to time party thereto, as amended, restated, supplemented or otherwise modified from time to time. 

  
 11 

 “Existing Public Notes” means the Company’s 2.950% Notes due 2023 in an
aggregate principal amount of $600,000,000 as issued under an Indenture, dated as of May 16, 2013, by and between the Company and Wells Fargo Bank, National Association, as trustee (the “Trustee”), as supplemented by the First
Supplemental Indenture, dated as of May 16, 2013, by and between the Company and the Trustee. 
 “FCPA” means the
Foreign Corrupt Practices Act of 1977, as amended. 
 “Federal Funds Effective Rate” means, for any day, the weighted
average (rounded upwards, if necessary, to the next 1/100 of 1%) of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published on the next succeeding Business Day by
the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average (rounded upwards, if necessary, to the next 1/100 of 1%) of the quotations for such day for such transactions received by the
Administrative Agent from three Federal funds brokers of recognized standing selected by it. 
 “Fee Letter” means the Fee
Letter dated July 31, 2013 among the Company, the Lead Bookrunners and HSBC. 
 “Filing Date” means the date on which
the Court Order and Minute are delivered to the Registrar of Companies of Ireland for registration as required under Section 201(5) and Section 75 of the Act. 

“Financial Officer” means the chief financial officer, principal accounting officer, treasurer or controller of the Term
Facility Borrower or other officer acceptable to the Administrative Agent. 
 “Fiscal Quarter” means (i) each period
of 13 weeks during a Fiscal Year ending on a Saturday (with the first such Fiscal Quarter to commence on the first day of such Fiscal Year) and (ii) upon and after such time, if any, as the Term Facility Borrower adopts a Fiscal Year as set
forth in clause (ii) of the defined term “Fiscal Year”, any of the quarterly accounting periods of the Term Facility Borrower, ending on such dates of each year elected by the Term Facility Borrower; provided that, such dates
are reasonably acceptable to the Administrative Agent and do not result in the financial covenants in Section 6.10 or 6.11 not being tested for more than three months. 

“Fiscal Year” means (i) any 52-week or 53-week period beginning on the Sunday nearest to June 30 or
December 31 and ending on the Saturday nearest to the following June 30 or December 31, as applicable. References to a Fiscal Year with a number corresponding to any calendar year (e.g., “2013 Fiscal Year”) refer to the
Fiscal Year ending on the Saturday nearest to the June 30 or December 31, as applicable, of such calendar year and (ii) upon the election of the Term Facility Borrower, any of the annual accounting periods of the Term Facility
Borrower ending on any other date of each year elected by the Term Facility Borrower, provided that such date is reasonably acceptable to the Administrative Agent and does not result in the financial covenants in Section 6.10 or 6.11 not being
tested for more than three months. 
 “Foreign Currency” has the meaning set forth in the definition of “Dollar
Equivalent.” 
 “Foreign Plan” means each employee benefit plan (within the meaning of Section 3(3) of ERISA
and any other material benefit arrangement mandated by non-U.S. law, whether or not subject to ERISA) that is not subject to US law and is maintained or contributed to by the Term Facility Borrower, any Subsidiary, or ERISA Affiliate or any other
entity related to the Term Facility Borrower or a Subsidiary on a controlled group basis. 

  
 12 

 “Foreign Plan Event” means with respect to any Foreign Plan, (a) the
failure to make or, if applicable, accrue in accordance with normal accounting practices, any employer or employee contributions required by applicable law or by the terms of such Foreign Plan; (b) the failure to register or loss of good
standing with applicable regulatory authorities of any such Foreign Plan required to be registered; or (c) the failure of any Foreign Plan to comply with any material provisions of applicable law and regulations or with the material terms of
such Foreign Plan. 
 “Foreign Subsidiary” means any Subsidiary that is incorporated or organized under the laws of any
jurisdiction other than the United States of America, any State thereof or the District of Columbia. 
 “GAAP” means
generally accepted accounting principles in the United States of America (except with respect to businesses outside the United States acquired in Additional Acquisitions for periods prior to the date of the Additional Acquisition). 

“General Meeting” means the extraordinary general meeting of the holders of Shares in Eagle (or any adjournment thereof) to
be convened in connection with the Scheme. 
 “Governmental Authority” means the government of the United States of
America, the Republic of Ireland, any other nation or any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative,
judicial, taxing, regulatory or administrative powers or functions of or pertaining to government. 
 “Group” means the
Term Facility Borrower and its Subsidiaries together with the Eagle Group. 
 “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
or (d) as an account party in respect of any letter of credit or letter of guaranty issued to support such Indebtedness or obligation; provided, that the term Guarantee shall not include endorsements for collection or deposit in the ordinary
course of business. 
 “Guarantor” means each Person that executes a Guaranty, including pursuant to Section 5.11.

 “Guarantor Coverage Test” means the test that is satisfied if the aggregate amount of third party revenues attributable
to, and the aggregate amount of Consolidated Total Tangible Assets of all Guarantors, on the last day of each Fiscal Year of the Term Facility Borrower, is equal to or exceeds 80% of the aggregate amount of third party revenues and 80% of the
aggregate amount of Consolidated Total Tangible Assets, respectively, of the Term Facility Borrower and its Subsidiaries (excluding, in each case, all Subsidiaries that are Excluded Subsidiaries) on the last day of the such Fiscal Year. 

  
 13 

 “Guaranty” means each guaranty or similar agreement executed by any of the
Guarantors and Guaranteeing the Obligations, as amended, supplemented or otherwise modified from time to time, and in form and substance satisfactory to the Administrative Agent. 

“Hazardous Materials” means all explosive or radioactive substances or wastes and all hazardous or toxic substances, wastes
or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes of any nature regulated pursuant to
any Environmental Law. 
 “HSBC” means HSBC Bank USA, N.A. and its successors. 

“Immaterial Subsidiary” means each Subsidiary (i) which, as of the most recent Fiscal Quarter of the Term Facility
Borrower, for the period of four consecutive Fiscal Quarters then ended, for which financial statements have been delivered (or were required to be delivered) pursuant to Section 5.01, contributed less than 5.0% of third party revenues for such
period of four consecutive Fiscal Quarters or (ii) which had tangible assets with a net book value of less than 5.0% of the Consolidated Total Tangible Assets as of such date. 

“Indebtedness” of any Person means, without duplication, (a) all obligations of such Person for borrowed money or
similar obligations, (b) all obligations of such Person evidenced by bonds, debentures, acceptances, notes or similar instruments, (c) all obligations of such Person upon which interest charges are customarily paid, (d) all
obligations of such Person under conditional sale or other title retention agreements relating to property acquired by such Person, (e) all obligations of such Person in respect of the deferred purchase price of property or services (excluding
current accounts payable incurred in the ordinary course of business), (f) all Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on
property owned or acquired by such Person, whether or not the Indebtedness secured thereby has been assumed, (g) all Guarantees by such Person of Indebtedness of others, (h) all Capital Lease Obligations of such Person, (i) all
obligations, contingent or otherwise, of such Person as an account party in respect of letters of credit and letters of guaranty, (j) all obligations, contingent or otherwise, of such Person in respect of bankers’ acceptances, (k) all
obligations (based on the net mark-to-market amount) under Swap Agreements of such Person that relate to interest rates, (l) all Off-Balance Sheet Liabilities of such Person, and (m) all obligations under any Disqualified Stock of such
Person. The Indebtedness of any Person shall include the Indebtedness of any other entity (including any partnership in which such Person is a general partner) to the extent such Person is liable therefor as a result of such Person’s ownership
interest in or other relationship with such entity, except to the extent the terms of such Indebtedness provide that such Person is not liable therefor. Indebtedness shall not include any New Senior Notes to the extent the proceeds thereof remain in
escrow with the release of such proceeds conditioned upon the consummation of the Acquisitions or the use of the proceeds to refinance all or a portion of the Senior Notes. 

“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 Loan Party under any Loan Document and (b) to the extent not otherwise described in (a), Other Taxes. 

“Index Debt” means senior, unsecured, long-term indebtedness for borrowed money of the Term Facility Borrower that is not
guaranteed by any other Person or subject to any other credit enhancement. 

  
 14 

 “Ineligible Institution” has the meaning assigned to it in Section 9.04(b).

 “Interest Coverage Ratio” means, as of the end of any Fiscal Quarter of the Term Facility Borrower, the ratio of
Consolidated EBITDA to Consolidated Interest Expense (excluding non-cash interest), as calculated for the four consecutive Fiscal Quarters of the Term Facility Borrower then ending. 

“Interest Election Request” means a request by the Term Facility Borrower to convert or continue a Borrowing in accordance
with Section 2.05. 
 “Interest Expense” means, with respect to any person for any period, the gross interest expense
of such person for such period on a consolidated basis, including without limitation (i) the amortization of debt discounts, (ii) the amortization of all fees (including fees with respect to Swap Agreements (other than as set forth below))
payable in connection with the incurrence of Indebtedness to the extent included in interest expense, (iii) the portion of any payments or accruals with respect to Capital Lease Obligations allocable to interest expense and
(iv) commissions, discounts, yield and other fees and charges incurred in connection with the asset securitization or similar transaction which are payable to any person other than the Term Facility Borrower or a Wholly-Owned Subsidiary;
provided that in any event “Interest Expense” will exclude any make whole or prepayment premiums, write offs or Swap Agreement termination costs and similar premiums and costs related to the Transactions. For purposes of the
foregoing, gross interest expense shall be determined after giving effect to any net payments made or received by the Term Facility Borrower and the Subsidiaries with respect to Swap Agreements. 

“Interest Payment Date” means (a) with respect to any ABR Loan, the last Business Day of each March, June, September and
December and the Maturity Date and (b) with respect to any Eurocurrency Loan, the last day of the Interest Period applicable to the Borrowing of which such Loan is a part and, in the case of a Eurocurrency Borrowing with an Interest Period of
more than three months’ duration, each day prior to the last day of such Interest Period that occurs at intervals of three months’ duration after the first day of such Interest Period, and the Maturity Date. 

“Interest Period” means with respect to any Eurocurrency Borrowing, the period commencing on the date of such Borrowing and
ending on the numerically corresponding day in the calendar month that is one, two, three or six months (or as otherwise described herein or, with the consent of each Lender, such other period requested by the Term Facility Borrower) thereafter, as
the Term Facility Borrower may elect; provided, that (i) if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business
Day would fall in the next calendar month, in which case such Interest Period shall end on the next preceding Business Day and (ii) any Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is
no numerically corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of such Interest Period. For purposes hereof, the date of a Borrowing initially shall be the date on
which such Borrowing is made and thereafter shall be the effective date of the most recent conversion or continuation of such Borrowing. 

“Interpolated Rate” has the meaning set forth in the definition of “LIBO Rate.” 

“Irish Business Day” means any Business Day on which commercial banks are open for international business (including dealings
in dollar deposits) in Ireland. 
 “Irish Certificate Provider” has the meaning assigned to it in Section 4.01(c).

  
 15 

 “Irish Takeover Rules” means the Irish Takeover Panel Act 1997, Takeover Rules
2007 (as amended). 
 “IRS” means the United States Internal Revenue Service. 

“J&J Partnership” means JANSSEN Alzheimer Immunotherapy (JAI), a company of which a Subsidiary of Eagle owns 49.9% and
Johnson & Johnson owns 50.1%. 
 “Joinder Agreement” means a joinder agreement substantially in the form of
Exhibit D. 
 “Judgment Currency” shall have the meaning assigned to such term in Section 9.15(b). 

“Lead Arrangers” shall mean Barclays, HSBC Securities (USA) Inc., Merrill Lynch, Pierce, Fenner & Smith
Incorporated, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC. 
 “Lead Bookrunners” shall mean Barclays and
HSBC Securities (USA) Inc. 
 “Lender Addition and Acknowledgement Agreement” means an agreement in substantially the form
of Exhibit F hereto, with such changes thereto as approved by the Administrative Agent. 
 “Lenders” means the Persons
(including their Applicable Lending Installations) listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to
an Assignment and Assumption. Unless the context otherwise requires, the term “Lenders” as used herein and in any other Loan Documents, includes without limitation reference to any Lender and its Applicable Lending Installations. 

“Leverage Ratio” means, as of the end of any Fiscal Quarter of the Term Facility Borrower, the ratio of (a) Consolidated
Indebtedness at such time to (b) Consolidated EBITDA, as calculated for the four consecutive Fiscal Quarters of the Term Facility Borrower then ending. 

“LIBO Rate” means, with respect to any Eurocurrency Borrowing for any Interest Period, the rate per annum determined by the
Administrative Agent at approximately 11:00 a.m., London time, two Business Days prior to the first day of such Interest Period by reference to the British Bankers’ Association (or any other Person that takes over the administration of such
rate) Interest Settlement Rates for deposits in Dollars (as reflected on the applicable Reuters page), for a period equal to such Interest Period (or, in the event such rate does not appear on a Reuters page or screen, on any successor or substitute
page on such screen that displays such rate, or on the appropriate page of such other information service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion; in each case, the
“Screen Rate”); provided, that, if the Screen Rate shall not be available at such time for such Interest Period (an “Impacted Interest Period”), then the LIBO Rate shall be the Interpolated Rate at such time.
“Interpolated Rate” means, at any time, the rate per annum determined by the Administrative Agent (which determination shall be conclusive and binding absent manifest error) to be equal to the rate that results from interpolating on
a linear basis between: (a) the Screen Rate for the longest period (for which that Screen Rate is available) that is shorter than the Impacted Interest Period and (b) the Screen Rate for the shortest period (for which that Screen Rate is
available) that exceeds the Impacted Interest Period, in each case, at such time. 
 “Lien” means, with respect to any
asset, (a) any mortgage, deed of trust, lien, pledge, hypothecation, encumbrance, charge or security interest in, on or of such asset, (b) the interest of a vendor 

  
 16 

 
or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same economic effect as any of the foregoing)
relating to such asset and (c) in the case of securities, any purchase option, call or similar right of a third party with respect to such securities; provided that the filing of financing statements solely with respect to, or other lien
or claim solely on, any interest in accounts or notes receivable which are sold or otherwise transferred in a Permitted Securitization Transaction shall not be considered a Lien and any purchase option, call or similar right of a third party with
respect to any Equity Interests of the Term Facility Borrower are not controlled by this Agreement. 
 “Loan Documents”
means this Agreement, each Guaranty, any Joinder Agreement, the Fee Letter and all other instruments, agreements or documents executed in connection herewith at any time. 

“Loan Party” means the Term Facility Borrower or any Guarantor. 

“Loans” means the Tranche 1 Loans and the Tranche 2 Loans. 

“Local Time” means New York City time. 

“Long Stop Date” means the date that is nine months after July 28, 2013; provided, that if as of such date the
Conditions to the Scheme set forth in paragraphs 2, 3, 4 and 5 of Appendix I to the Press Release and to the obligations of the Term Facility Borrower, the Company and any of their Affiliates to effect the Eagle Acquisition have been satisfied or
would be satisfied if the Eagle Acquisition were completed on such date, other than the Conditions set forth in paragraphs 3.3, 3.4 and 3.5 of Appendix I to the Press Release, the Long Stop Date shall be the date that is one year after July 28,
2013. 
 “Mandatory Cancellation Event” means the occurrence of any of the following conditions or events: (a) a Court
Meeting is held to approve the Scheme at which a vote is held to approve the Scheme, but the Scheme is not so approved by the shareholders of Eagle at such Court Meeting; (b) a General Meeting is held to pass the Scheme Resolutions at which a
vote is held on the Scheme Resolutions, but the Scheme Resolutions are not passed by the shareholders of Eagle at such General Meeting; (c) applications for the issuance of the Court Order are made to the Court but the Court refuses to grant
one or both of the Court Orders; (d) the Scheme lapses or is withdrawn; (e) the Press Release is not issued on or before the date falling five Irish Business Days after the Effective Date; (f) the Scheme Circular is not dispatched
within 28 days of the date of the Press Release (or such later date as the Panel may permit) or, if later, promptly after the date on which the Court convenes a meeting of the holders of the Shares to consider the Scheme; (g) the Filing Date
does not occur within 5 Business Days of the issuance by the Court of the Court Order; (h) the date which is 15 days after the Scheme Effective Date; (i) the date on which Eagle becomes a wholly owned subsidiary of the Term Facility
Borrower and all of the consideration payable in respect of the Shares has been paid in full; (j) the Long Stop Date; or (k) a meeting of the holders of the Company Shares is held to approve the Eagle Acquisition at which a vote is held to
approve the Eagle Acquisition and completed, but Eagle Acquisition is not so approved. 
 “Margin Stock” means “margin
stock” as defined in Regulations U and X of the Board as from time to time in effect. 
 “Master Note Purchase
Agreement” means the Master Note Purchase Agreement, dated as of May 29, 2008, among the Company and the purchasers named therein, as supplemented by First Supplement to Master Note Purchase Agreement, dated as of April 30, 2010,
among the Company and the purchasers named therein, as supplemented by Second Supplement to Master Note Purchase Agreement, dated as of September 1, 2011, among the Company and the purchasers named therein, and as further amended or modified
from time to time after the Effective Date. 

  
 17 

 “Material Adverse Effect” means a material adverse effect on (a) the
business, assets, operations, prospects or condition, financial or otherwise, of the Term Facility Borrower and its Subsidiaries taken as a whole, (b) the ability of the Term Facility Borrower to perform any of its obligations under any Loan
Document or (c) the rights of or benefits available to the Lenders under any Loan Document. 
 “Material Indebtedness”
means Indebtedness (other than (i) the Loans and (ii) Indebtedness of any Subsidiary owing to the Term Facility Borrower or any other Subsidiary, provided that, (x) in order to be excluded from Material Indebtedness, any such
Indebtedness owing by a Subsidiary to a Subsidiary that is not a Loan Party shall be subordinated to the Obligations on terms reasonably acceptable to the Administrative Agent and (y) the Loan Parties may effectuate such subordination at any
time during the term of such Indebtedness), and/or Swap Agreement Obligations (based on the net mark-to-market amount) of any one or more of the Term Facility Borrower and its Subsidiaries (other than a Non-Loan Party Immaterial Subsidiary) in an
aggregate principal amount exceeding the Dollar Equivalent of the lesser of $125,000,000 or 2% of Consolidated Total Assets (for the avoidance of doubt, it is acknowledged and agreed that separate items of Indebtedness and/or Swap Agreement
Obligations of the type described above individually less than the lesser of $125,000,000 or 2% of Consolidated Total Assets which if added together would aggregate more the lesser of $125,000,000 or 2% of Consolidated Total Assets will constitute
Material Indebtedness under this Agreement). 
 “Maturity Date” means (a) in relation to Tranche 1 Loans, the date
which is the second anniversary of the Acquisition Closing Date, and (b) in relation to the Tranche 2 Loans, the date which is the fifth anniversary of the Acquisition Closing Date. 

“Minute” means the minute referred to in Section 75(1) of the Act showing with respect to the share capital of Eagle as
altered by the Court Orders, the amount of its share capital, the number of shares into which it is to be divided, the amount of each share, and the amount (if any) deemed to be paid up on each such share at the date of the registration of the said
minute. 
 “Moody’s” means Moody’s Investors Service, Inc. 

“Multiemployer Plan” means a multiemployer plan as defined in Section 4001(a)(3) of ERISA. 

“New Foreign Holdco” means Habsont Limited, a private limited company formed under the laws of Ireland and a Wholly-Owned
Subsidiary of the Term Facility Borrower formed to effectuate the Transactions. 
 “New Revolving Credit Facility” means
revolving credit facilities of up to $600,000,000 arranged by the Lead Bookrunners entered into to replace the revolving credit facilities under the Existing Credit Agreement. 

“New Senior Notes” has the meaning set forth in the recitals hereto. 

“New Term Loans” has the meaning set forth in Section 2.06(d). 

  
 18 

 “Non-Guarantor Subsidiaries” means all Subsidiaries, other than Subsidiaries
that are Guarantors or are required to be Guarantors pursuant to Section 5.11. 
 “Non-Loan Party Immaterial
Subsidiaries” means all of the Subsidiaries that are or have been subject to any event described in clauses (h), (i) and (j) of Article VII of this Agreement (each event an “Insolvency Event”), provided that each
such Subsidiary satisfies each of the following conditions: 
 (a) such Subsidiary is not a Loan Party; 

(b) for each Subsidiary that becomes subject to an Insolvency Event: 

(i) the total assets of such Subsidiary (as measured by GAAP at the time it becomes subject to an Insolvency Event) are less
than 2.5% of the Consolidated Total Assets as set forth on the most recent financial statements delivered pursuant to Section 5.01(a) or 5.01(b) prior to the time such Subsidiary became subject to an Insolvency Event, and 

(ii) the total revenues of such Subsidiary, as measured for such Subsidiary for the four most recently ended Fiscal Quarters
ended prior to the time such Subsidiary became subject to an Insolvency Event, are less than 2.5% of the consolidated total revenues of the Term Facility Borrower and its Subsidiaries as set forth on the most recent financial statements delivered
pursuant to Section 5.01(a) or 5.01(b) prior to the time such Subsidiary became subject to an Insolvency Event; and 

(c) for all Subsidiaries that become subject to an Insolvency Event: 

(i) the total assets of all such Subsidiaries in the aggregate (as measured for each such Subsidiary by GAAP at the applicable
time each such Subsidiary became subject to an Insolvency Event) are less than 4.0% of the Consolidated Total Assets as set forth on the most recent financial statements delivered pursuant to Section 5.01(a) or 5.01(b) prior to the most recent
time a Subsidiary became subject to an Insolvency Event, and 
 (ii) total revenues of all such Subsidiaries, as measured for
each such Subsidiary for the four most recently ended Fiscal Quarters ended prior to the time such Subsidiary became subject to an Insolvency Event, are less than 4.0% of the consolidated total revenues of the Term Facility Borrower and its
Subsidiaries as set forth on the most recent financial statements delivered pursuant to Section 5.01(a) or 5.01(b) prior to the most recent time a Subsidiary became subject to an Insolvency Event. 

“Non-U.S. Lender” means a Lender that is not a U.S. Person. 

“Obligations” means all unpaid principal of, accrued and unpaid interest and fees and reimbursement obligations on the Loans,
all accrued and unpaid fees and all expenses, reimbursements, indemnities and other obligations of the Term Facility Borrower to the Lenders, the Agents, any indemnified party or any of them arising under the Loan Documents, in all cases whether now
existing or hereafter arising. 
 “OFAC” has the meaning set forth in the definition of “Embargoed Person.” 

“Off-Balance Sheet Liability” of a Person means (i) any obligation under a sale and leaseback transaction which is not a
Capital Lease Obligation, (ii) any so-called “synthetic lease” or “tax ownership operating lease” transaction entered into by such Person, (iii) the amount of obligations

  
 19 

 
outstanding under the legal documents entered into as part of any asset securitization or similar transaction on any date of determination that would be characterized as principal if such asset
securitization or similar transaction (including without limitation any Permitted Securitization Transaction) were structured as a secured lending transaction rather than as a purchase or (iv) any other transaction (excluding operating leases
for purposes of this clause (iv)) which is the functional equivalent of or takes the place of borrowing but which does not constitute a liability on the balance sheet of such Person; in all of the foregoing cases, notwithstanding anything herein to
the contrary, the outstanding amount of any Off-Balance Sheet Liability shall be calculated based on the aggregate outstanding amount of obligations outstanding under the legal documents entered into as part of any such transaction on any date of
determination that would be characterized as principal if such transaction were structured as a secured lending transaction, whether or not shown as a liability on a consolidated balance sheet of such Person, in a manner reasonably satisfactory to
the Administrative Agent. 
 “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 Taxes (other than a connection arising from such Recipient having executed, delivered, enforced, become a party to, performed its obligations under, received
payments under, received or perfected a security interest under, or engaged in any other transaction pursuant to, or enforced, any Loan Document, or sold or assigned an interest in any Loan Document). 

“Other Taxes” means any 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, or from the registration, 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 under Section 2.16). 

“Panel” means the Irish Takeover Panel. 

“Participant” has the meaning set forth in Section 9.04(c). 

“Participant Register” has the meaning assigned to such term in Section 9.04(c). 

“Patriot Act” has the meaning assigned to such term in Section 9.14. 

“PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in Section 4002 of ERISA and any successor
entity performing similar functions. 
 “Permitted Encumbrances” means: 

(a) Liens imposed by law for taxes, fees, assessments or other governmental charges that are not delinquent or are being
contested in compliance with Section 5.04; 
 (b) carriers’, warehousemen’s, mechanics’,
materialmen’s, repairmen’s and other like Liens imposed by law, arising in the ordinary course of business and securing obligations that are not overdue by more than 30 days or are being contested in compliance with Section 5.04; 

(c) pledges and deposits made in the ordinary course of business in compliance with workers’ compensation, unemployment
insurance and other social security laws or regulations; 

  
 20 

 (d) deposits to secure the performance of bids, trade contracts, leases,
statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature, in each case in the ordinary course of business; 

(e) judgment liens in respect of judgments that do not constitute an Event of Default under clause (k) of Article VII;

 (f) easements, zoning restrictions, rights-of-way and similar encumbrances on real property imposed by law or arising in
the ordinary course of business that do not secure any monetary obligations and do not materially detract from the value of the affected property or interfere with the ordinary conduct of business of the Term Facility Borrower or any Subsidiary; and

 (g) statutory and contractual Liens in favor of a landlord on real property leased by the Term Facility Borrower or any
Subsidiary; provided that, the Term Facility Borrower or such Subsidiary is current with respect to payment of all rent and other amounts due to such landlord under any lease of such real property, except where the failure to be current in
payment would not, individually or in the aggregate, be reasonably likely to result in a Material Adverse Effect. 
 provided that the term
“Permitted Encumbrances” shall not include any Lien securing Indebtedness or any obligation imposed pursuant to Section 430(k) of the Code or Sections 303(k) or 4068 of ERISA. 

“Permitted Investments” means: 

(a) direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the United
States of America (or by any agency or instrumentality thereof to the extent such obligations are backed by the full faith and credit of the United States of America), in each case maturing within two years from the date of acquisition thereof; 

(b) investments in commercial paper maturing within 270 days from the date of acquisition thereof and having, at such date of
acquisition, the highest or second highest credit rating obtainable from S&P or from Moody’s; 
 (c) investments in
certificates of deposit, banker’s acceptances and time deposits maturing within 180 days from the date of acquisition thereof issued or guaranteed by or placed with, and money market deposit accounts issued or offered by, any domestic office of
any Agent or Affiliate thereof or any other commercial bank organized under the laws of the United States of America or any State thereof which has a combined capital and surplus and undivided profits of not less than $500,000,000; 

(d) fully collateralized repurchase agreements and reverse repurchase agreements with a term of not more than one year for
securities described in clause (a) above and entered into with a financial institution satisfying the criteria described in clause (c) above; 

(e) in the case of the Term Facility Borrower or any Foreign Subsidiary, (i) marketable direct obligations issued by, or
unconditionally guaranteed by, the sovereign nation in which the Term Facility Borrower or such Foreign Subsidiary is organized and is conducting business or issued by any agency of such sovereign nation and backed by the full faith and credit of
such sovereign nation, in each case maturing within one year from the date of acquisition, so long as such sovereign nation is a member of the Organisation for Economic Co-operation and Development (the “OECD”), the indebtedness of
such sovereign nation is rated at least A by S&P 

  
 21 

 
or A2 by Moody’s or carries an equivalent rating from a comparable foreign rating agency or such sovereign nation is approved by the Administrative Agent for purposes of this clause (e), or
(ii) investments of the type and maturity described in clauses (b) through (d) above of foreign obligors, which investments or obligors in the case of clause (b) above have ratings described in such clause or equivalent ratings
from comparable foreign rating agencies, and which investments in the case of clauses (c) and (d) are with any office of any commercial bank that is (A) any Agent or Affiliate thereof, (B) organized under the laws of a member of
the OECD or a state, province or territory thereof which has a combined capital and surplus and undivided profits of not less than $500,000,000, or (iii) approved by the Administrative Agent. 

(f) money market funds that (i) comply with the criteria set forth in SEC Rule 2a-7 under the Investment Company Act of
1940, (ii) are rated AAA by S&P or Aaa by Moody’s and (iii) have portfolio assets of at least $5,000,000,000; 

(g) marketable direct obligations issued by any state of the United States or any political subdivision of any such state or
any public instrumentality thereof maturing within one year from the date of acquisition thereof and, at the time of acquisition, having one of the two highest ratings obtainable from either S&P or Moody’s; 

(h) repurchase obligations with a term of not more than 30 days underlying securities of the types described in clause
(a) above entered into with any bank meeting the qualifications specified in clause (c) above; 
 (i) “money
market” preferred stock maturing within six months after issuance thereof or municipal bonds in each case issued by a corporation organized under the laws of any state of the United States, which has a rating of “A” or better by
S&P or Moody’s or the equivalent rating by any other nationally recognized rating agency; 
 (j) tax exempt floating
rate option tender bonds backed by letters of credit issued by a national or state bank whose long-term unsecured debt has a rating of AA or better by S&P, Aa2 or better by Moody’s or the equivalent rating by any other nationally recognized
rating agency; 
 (k) shares of any money market mutual fund rated as least AAA or the equivalent thereof by S&P, at
least Aaa or the equivalent thereof by Moody’s or any other mutual fund at least 95% of whose assets consist of the type specified in clauses (a) through (g) above; and 

(l) other investments that qualify as “cash equivalents” as defined in GAAP. 

“Permitted Securitization Transaction” means any asset securitization transaction (i) by a Securitization Entity,
(ii) which is a sale or other transfer of an interest in accounts or notes receivable, and (iii) which is otherwise permitted by the terms of this Agreement and any other agreement binding on the Term Facility Borrower or any of its
Subsidiaries. 
 “Person” means any natural person, corporation, limited liability company, trust, joint venture,
association, company, partnership, Governmental Authority or other entity. 
 “Plan” means any employee pension benefit
plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and in respect of which the Term Facility Borrower or any ERISA Affiliate is (or, if such plan were
terminated, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA or to which the Term Facility Borrower or an ERISA Affiliate has any actual or contingent liability. 

  
 22 

 “Press Release” means the press release by the Term Facility Borrower and Eagle
released by the Term Facility Borrower and/or Eagle to announce a firm intention on the part of the Term Facility Borrower to make an offer to acquire the Shares by way of the Scheme in accordance with Rule 2.5 of the Irish Takeover Rules. 

“Prime Rate” means the rate of interest per annum publicly announced from time to time by Barclays as its prime rate in
effect at its principal office in New York City; each change in the Prime Rate shall be effective from and including the date such change is publicly announced as being effective. 

“Qualified Acquisition” means any Additional Acquisition, or the last to occur of a series of Additional Acquisitions
consummated within a period of six consecutive months, if the aggregate amount of Indebtedness incurred by one or more of the Term Facility Borrower and its Subsidiaries to finance the purchase price of, or other consideration for, or assumed by one
or more of them in connection with, such Additional Acquisition is at least $100,000,000. 
 “Recipient” means, as
applicable, (a) the Administrative Agent and (b) any Lender. 
 “Register” has the meaning set forth in
Section 9.04(b)(iv). 
 “Release Date” means the initial date on or after two years following the Acquisition Closing
Date on which no Default under the Loan Documents is continuing and the issued ratings for the Term Facility Borrower’s Index Debt are (i) BBB (or better) from S&P and Baa3 (or better) from Moody’s or (ii) BBB- (or better)
from S&P and Baa2 (or better) from Moody’s. 
 “Related Parties” means, with respect to any specified Person, such
Person’s Affiliates and the respective directors, officers, employees, agents and advisors of such Person and such Person’s Affiliates. 

“Required Lenders” means, at any time, Lenders having Commitments and Loans representing more than 50% of the sum of the
Aggregate Commitments or Aggregate Loans outstanding at such time. 
 “Restricted Payment” means any dividend or other
distribution (whether in cash, securities or other property) with respect to any Equity Interests in the Term Facility Borrower or any Subsidiary, or any payment (whether in cash, securities or other property), including any sinking fund or similar
deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any such Equity Interests in the Term Facility Borrower or any option, warrant or other right to acquire any such Equity Interests in the Term
Facility Borrower. 
 “S&P” means Standard & Poor’s Financial Services LLC. 

“Sanctions” has the meaning set forth in the definition of “Embargoed Person.” 

“Scheme” means a scheme of arrangement pursuant to Section 201 of the Act (and including the Capital Reduction) to be
proposed by Eagle to its shareholders pursuant to which the Term Facility Borrower and its nominees will become the only shareholders of Eagle with, or subject to, any modification, addition or condition approved or imposed by the Court. 

  
 23 

 “Scheme Circular” means a circular to the relevant shareholders of Eagle,
issued, or to be issued, by Eagle, setting out the proposals for the Scheme, including the notice of General Meeting and the Court Meeting. 

“Scheme Documents” means, collectively, (i) the Scheme Circular, (ii) the Press Release, (iii) the Scheme
Resolutions and (iv) any other document issued by or on behalf of Eagle to its shareholders in respect of the Scheme and any other document designated as a “Scheme Document” by the Administrative Agent and the Company (or any of its
Affiliates). 
 “Scheme Effective Date” means the date on which the Court Order, together with the Minute, is registered by
the Registrar of Companies. 
 “Scheme Resolutions” means the resolutions of Eagle shareholders which are incidental to and
for the purpose of the Scheme and which are referred to and substantially in the form set out in the Scheme Circular. 

“SEC” means the Securities and Exchange Commission or any Governmental Authority succeeding to any or all of the functions of
the Securities and Exchange Commission. 
 “SEC Documents” means any of the most recent 10-K or 10-Q (or if applicable 20-F
or 6-K) filed with the SEC by the Company or Eagle since January 1, 2013 and prior to the date of this Agreement and any 8-K (or if applicable 6-K) filed since the most recent 10-K or 10-Q (or if applicable 20-F or 6-K) above and prior to the
Date of this Agreement. For the avoidance of doubt, the disclosure in the SEC Documents shall not be deemed to include any risk factor disclosures contained under the heading “Risk Factors,” any disclosure of risks included in any
“forward-looking statements” disclaimer or any other statements that are similarly predictive or forward-looking in nature. 

“Securitization Entity” means a Wholly-Owned Subsidiary of the Term Facility Borrower that engages in no activities other
than Permitted Securitization Transactions and any necessary related activities and owns no assets other than as required for Permitted Securitization Transactions and no portion of the Indebtedness (contingent or otherwise) of which is guaranteed
by the Term Facility Borrower or any Subsidiary of the Term Facility Borrower or is recourse to or obligates the Term Facility Borrower or any Subsidiary of the Term Facility Borrower in any way, other than pursuant to customary representations,
warranties, covenants, indemnities, performance guaranties and other obligations entered into in connection with a Permitted Securitization Transaction. 

“Senior Notes” means the Company’s $75,000,000 5.97% Senior Notes, Series 2008-A, due May 29, 2015, $125,000,000
6.37% Senior Notes, Series 2008-B, due May 29, 2018, $115,000,000 4.91% Senior Notes, Series 2010-A, due April 30, 2017, $150,000,000 5.45% Senior Notes, Series 2010-B, due April 30, 2020, $150,000,000 5.55% Senior Notes, Series
2010-C, due April 30, 2022, $75,000,000 4.27% Senior Notes, Series 2011-A, due September 30, 2021, $175,000,000 4.52% Senior Notes, Series 2011-B, due December 15, 2023, $100,000,000 4.67% Senior Notes, Series 2011-C, due
September 30, 2026, as issued under the Master Note Purchase Agreement and the Existing Public Notes. 
 “Shares”
means the shares in the capital of Eagle (including any shares of Eagle issued prior to completion of the Acquisitions) proposed to be acquired pursuant to the Scheme. 

“Specified Transaction Agreement Representations” shall mean such of the representations made by, or with respect to, Eagle
and its Subsidiaries in the Acquisition Agreement as are material to the interests of the Lenders, but only to the extent that the Term Facility Borrower (or its Affiliates) have the right to terminate their obligations under the Acquisition
Agreement or decline to consummate the Eagle Acquisition as a result of a breach of such representations in the Acquisition Agreement. 

  
 24 

 “Statutory Reserve Rate” means a fraction (expressed as a decimal), the
numerator of which is the number one and the denominator of which is the number one minus the aggregate of the maximum reserve percentage (including any marginal, special, emergency or supplemental reserves) expressed as a decimal established by the
Board to which the Administrative Agent is subject with respect to the Adjusted LIBO Rate, for eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the Board). Such reserve percentage shall include
those imposed pursuant to such Regulation D. Eurocurrency Loans shall be deemed to constitute eurocurrency funding and to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets that may be available
from time to time to any Lender under such Regulation D or any comparable regulation. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve percentage. 

“Subsidiary” means, with respect to any Person (the “parent”) at any date, any corporation, limited
liability company, partnership, association or other entity the accounts of which would be consolidated with those of the parent in the parent’s consolidated financial statements if such financial statements were prepared in accordance with
GAAP as of such date, as well as any other corporation, limited liability company, partnership, association or other entity (a) of which securities or other ownership interests representing more than 50% of the equity or more than 50% of the
ordinary voting power or, in the case of a partnership, more than 50% of the general partnership interests are, as of such date, owned, controlled or held, or (b) that is, as of such date, otherwise Controlled, by the parent or one or more
subsidiaries of the parent or by the parent and one or more subsidiaries of the parent. Unless otherwise specified, “Subsidiary” shall mean a Subsidiary of the Term Facility Borrower. 

“Swap Agreement” means any agreement with respect to any swap, forward, future or derivative transaction or option or similar
agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or value or any
similar transaction or any combination of these transactions; provided that no phantom stock or similar plan providing for payments only on account of services provided by current or former directors, officers, employees or consultants of the
Term Facility Borrower or the Subsidiaries shall be a Swap Agreement. 
 “Swap Agreement Obligations” means any and all
obligations of the Term Facility Borrower or any of its Subsidiaries, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions
therefor) owing to any Lender or any of its Affiliates under any and all Swap Agreements. 
 “Syndication Agent” means
HSBC. 
 “Take Private Filing” means the application to re-register Eagle as a private company in the prescribed form in
accordance with Section 14(1)(b) of the 1983 Act. 
 “Take Private Resolution” means a special resolution of Eagle
complying with Section 14(2) of the 1983 Act to enable Eagle to be registered as a private company under Section 14 of the 1983 Act. 

“Taxes” means any present or future taxes, levies, imposts, duties, deductions, withholdings, assessments, fees or other
charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

  
 25 

 “Term Facility Borrower” has the meaning set forth in the recitals hereto. 

“Tranche 1 Commitments” means with respect to each Lender, the commitment of such Lender to make a Loan pursuant to
Section 2.01(a), as such commitment may be reduced from time to time pursuant to the terms hereof. The initial amount of each Lender’s Tranche 1 Commitment as of the Effective Date is set forth on Schedule 2.01, or in the Assignment and
Assumption pursuant to which such Lender shall have assumed its Tranche 1 Commitment, as applicable. The initial aggregate amount of the Lenders’ Tranche 1 Commitments as of the Effective Date is $300,000,000. 

“Tranche 2 Commitments” means with respect to each Lender, the commitment of such Lender to make a Loan pursuant to
Section 2.01(b), as such commitment may be reduced from time to time pursuant to the terms hereof. The initial amount of each Lender’s Tranche 2 Commitment as of the Effective Date is set forth on Schedule 2.01, or in the Assignment and
Assumption pursuant to which such Lender shall have assumed its Tranche 2 Commitment, as applicable. The initial aggregate amount of the Lenders’ Tranche 2 Commitments as of the Effective Date is $700,000,000. 

“Tranche 1 Loans” has the meaning set forth in Section 2.01(a). 

“Tranche 2 Loans” has the meaning set forth in Section 2.01(b). 

“Transactions” has the meaning set forth in the recitals hereto. 

“Type”, when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans
comprising such Borrowing, is determined by reference to the Adjusted LIBO Rate, the Alternate Base Rate. 
 “U.S. Person”
means a “United States person” within the meaning of Section 7701(a)(30) of the Code. 
 “Wholly-Owned
Subsidiary” means, as to any Person, a subsidiary all of the Equity Interests of which (except directors’ qualifying Equity Interests) are at the time directly or indirectly owned by such Person and/or another Wholly-Owned Subsidiary
of such Person. 
 “Withdrawal Liability” means liability to a Multiemployer Plan as a result of a complete or partial
withdrawal from such Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA. 
 “Withholding
Agent” means any Loan Party and the Administrative Agent. 
 SECTION 1.02. Classification of Loans and Borrowings. For
purposes of this Agreement, Loans may be classified and referred to by Class (e.g., a “Tranche 1 Loan”) or by Type (e.g., a “Eurocurrency Loan”) or by Class and Type (e.g., a “Tranche 1 Eurocurrency Loan”). Borrowings
also may be classified and referred to by Class (e.g., a “Tranche 1 Borrowing”) or by Type (e.g., a “Eurocurrency Borrowing”) or by Class and Type (e.g., a “Tranche 1 Eurocurrency Borrowing”). 

SECTION 1.03. Terms Generally. The definitions of terms herein shall apply equally to the singular and plural forms of the terms
defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and “including” shall be deemed to be followed by the phrase
“without limitation.” The word “will” shall be construed to have the same meaning and effect as the word “shall.” Unless the context requires otherwise (a) any definition of or reference to any agreement,
instrument or other document 

  
 26 

 
herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such
amendments, supplements or modifications set forth herein), (b) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (c) 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, (d) 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, (e) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible
and intangible assets and properties, including cash, securities, accounts and contract rights and (f) where any provision herein requires the Term Facility Borrower to do any act or thing (or procure that it be done) by a certain time and the
Panel permits the same to be done at a later time (it being understood the preceding shall only relate to implementation of required statutory provisions relating to timing or timing rules of the Panel), then such later time shall apply for the
purposes of this Agreement, provided that the Term Facility Borrower shall not seek a time extension from the Panel without the prior written consent of the Administrative Agent (not to be unreasonably withheld or delayed). 

SECTION 1.04. Accounting Terms; GAAP; Pro Forma Treatment. Except as otherwise expressly provided herein, all terms of an accounting
or financial nature shall be construed in accordance with GAAP, as in effect from time to time (it being agreed that all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred
to herein shall be made, without giving effect to (i) any election under Accounting Standards Codification 825-10-25 (previously referred to as Statement of Financial Accounting Standards 159) (or any other Accounting Standards Codification or
Financial Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities of the Term Facility Borrower or any Subsidiary at “fair value”, as defined therein and (ii) any treatment of Indebtedness
in respect of convertible debt instruments under Accounting Standards Codification 470-20 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to value any such Indebtedness in a reduced
or bifurcated manner as described therein, and such Indebtedness shall at all times be valued at the full stated principal amount thereof); provided that, if the Term Facility Borrower notifies the Administrative Agent that the Term Facility
Borrower requests an amendment to any provision hereof to eliminate the effect of any change occurring after the date hereof in GAAP or in the application thereof on the operation of such provision (or if the Administrative Agent notifies the Term
Facility Borrower that the Required Lenders request an amendment to any provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then such provision shall
be interpreted on the basis of GAAP as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in accordance herewith. For purposes of calculating the
Leverage Ratio (as used in Section 6.10 and in determining the Applicable Margin), the Interest Coverage Ratio, Consolidated Total Assets, Consolidated Total Tangible Assets and revenues, any Additional Acquisition or any sale or other
disposition outside the ordinary course of business by the Term Facility Borrower or any of the Subsidiaries of any asset or group of related assets in one or a series of related transactions, the net proceeds from which exceed $10,000,000,
including the incurrence of any Indebtedness and any related financing or other transactions in connection with any of the foregoing, occurring during the period for which such ratios are calculated shall be deemed to have occurred on the first day
of the relevant period for which such ratios were calculated on a pro forma basis acceptable to the Administrative Agent. 
 SECTION 1.05.
Foreign Currency Calculations. For purposes of any determination under Section 6.01, 6.02, 6.04 or 6.09 or under Article VII, all amounts incurred, outstanding or proposed to be incurred or outstanding in a Foreign Currency shall be
translated into 

  
 27 

 
Dollars at the currency exchange rates in effect on the date of such determination; provided that no Default shall arise as a result of any limitation set forth in Dollars in
Section 6.01 or 6.02 being exceeded solely as a result of changes in currency exchange rates from those rates applicable at the time or times Indebtedness or Liens were initially consummated in reliance on the exceptions under such Sections.
For purposes of any determination under Section 6.04 or 6.09, the amount of each investment, asset disposition or other applicable transaction denominated in a Foreign Currency shall be translated into Dollars at the currency exchange rate in
effect on the date such investment, disposition or other transaction is consummated. Such currency exchange rates shall be determined in good faith by the Term Facility Borrower. 

SECTION 1.06. Schedules. Notwithstanding anything herein to the contrary, after the Effective Date and on or prior to the date that is
20 Business Days prior to the Acquisition Closing Date the Term Facility Borrower may provide updates to Schedules 3.06, 3.07, 6.01, 6.02, 6.04 and 6.08 hereto to the extent such updates are reasonably acceptable to the Lead Bookrunners and the
Lenders are notified of any such updates and the Required Lenders do not object to such updates within 5 Business Days of such notification (to the extent that such updates are so approved and not objected to, such updated schedules shall replace
the existing corresponding Schedules as of the end of such 5 Business Day period). 
 ARTICLE II 

The Credits  
 SECTION
2.01. Commitments. Subject to the terms and conditions set forth herein, (a) each Lender agrees to make loans (the “Tranche 1 Loans”) denominated in Dollars to the Term Facility Borrower in a single drawing on the
Acquisition Closing Date in an aggregate principal amount not to exceed such Lender’s Tranche 1 Commitment as of the Acquisition Closing Date and (b) each Lender agrees to make loans (the “Tranche 2 Loans”) denominated in
Dollars to the Term Facility Borrower in a single drawing on the Acquisition Closing Date in an aggregate principal amount not to exceed such Lender’s Tranche 2 Commitment as of the Acquisition Closing Date. 

SECTION 2.02. Loans and Borrowings. (a) Each Loan shall be made as part of a Borrowing consisting of Loans of the same Type made
by the Lenders, ratably in accordance with their respective Commitments on the date such Loans are made hereunder. The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its obligations hereunder;
provided that the Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Loans as required. 

(b) Subject to Section 2.11, each Loan shall be comprised entirely of ABR Loans or Eurocurrency Loans as the Term Facility Borrower may
request in accordance herewith. 
 (c) Borrowings of more than one Type may be outstanding at the same time; provided that there
shall not at any time be more than a total of ten Eurocurrency Borrowings outstanding. 
 (d) Notwithstanding any other provision of this
Agreement, the Term Facility Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date. 

(e) Notwithstanding any other provision of this Agreement, each Lender at its option may make any ABR Loan or Eurocurrency Loan by causing any
domestic or foreign office, branch or 

  
 28 

 
Affiliate of such Lender (an “Applicable Lending Installation”) to make such Loan that has been designated by such Lender to the Administrative Agent. All terms of this Agreement
shall apply to any such Applicable Lending Installation of such Lender and the Loans and any Notes issued hereunder shall be deemed held by each Lender for the benefit of any such Applicable Lending Installation. Each Lender may, by written notice
to the Administrative Agent and the Term Facility Borrower, designate replacement or additional Applicable Lending Installations through which Loans will be made by it and for whose account Loan payments are to be made. Each Lender will promptly
notify the Term Facility Borrower and the Administrative Agent of any event of which it has actual knowledge occurring after the date hereof which will entitle such Lender to compensation pursuant to Section 2.12 and will designate a different
Applicable Lending Installation if such designation will avoid the need for, or reduce the amount of, such compensation and will not, in the judgment of such Lender, be otherwise disadvantageous to such Lender or contrary to its policies. 

SECTION 2.03. Requests for Borrowings. To request a Borrowing, the Term Facility Borrower shall notify the Administrative Agent of
such request (which request shall be in writing unless otherwise agreed to by the Administrative Agent) (a) in the case of a Eurocurrency Borrowing, not later than 11:00 a.m., Local Time, three Business Days before the date of the proposed
Borrowing or (b) in the case of an ABR Borrowing, not later than 10:30 a.m., New York City time, on the date of the proposed Borrowing. Each such Borrowing Request shall be irrevocable and by means of a written Borrowing Request delivered to
the Administrative Agent in a form approved by the Administrative Agent and signed by the Term Facility Borrower. Each such Borrowing Request shall specify the following information in compliance with Section 2.02: 

(i) the aggregate amount of the requested Borrowing; 

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

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

(iv) in the case of a Eurocurrency Borrowing, the initial Interest Period to be applicable thereto, which shall be a period
contemplated by clause (a) of the definition of the term “Interest Period”; 
 (v) the location and number of
the Term Facility Borrower’s account to which funds are to be disbursed; and 
 (vi) the intended use of proceeds of the
Loans. 
 If no election as to the Type of Borrowing is specified, then the requested Borrowing shall be an ABR Borrowing. If no Interest
Period is specified with respect to any requested Eurocurrency Borrowing, then the Term Facility Borrower shall be deemed to have selected an Interest Period of one month’s duration. Promptly following receipt of a Borrowing Request in
accordance with this Section, the Administrative Agent shall advise each Lender of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowing. 

SECTION 2.04. Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof
by wire transfer of immediately available funds by 12:00 noon, Local Time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders. The Administrative Agent will make such Loans available
to the Term Facility Borrower by promptly crediting the amounts so received, in like funds, to an account of the Term Facility Borrower maintained with the Administrative Agent in such location determined by the Administrative Agent. 

  
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 (b) Unless the Administrative Agent shall have received notice from a Lender prior to the
proposed date of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available on such date in
accordance with paragraph (a) of this Section and may, in reliance upon such assumption, make available to the Term Facility 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 Term Facility Borrower severally agree to pay to the Administrative Agent forthwith on demand (without duplication) such corresponding amount with interest thereon, for each
day from and including the date such amount is made available to the Term Facility Borrower to but excluding the date of payment to the Administrative Agent, at (i) in the case of such Lender, the greater of the Federal Funds Effective Rate and
a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation, or (ii) in the case of the Term Facility Borrower, the interest rate applicable to ABR Loans. If such Lender pays such amount to
the Administrative Agent, then such amount shall constitute such Lender’s Loan included in such Borrowing. 
 SECTION 2.05.
Interest Elections. (a) Each Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Borrowing, shall have an initial Interest Period as specified in such Borrowing
Request. Thereafter, the Term Facility Borrower may elect to convert such Borrowing to a different Type, or to continue such Borrowing and, in the case of a Eurocurrency Borrowing, may elect Interest Periods therefor, all as provided in this
Section. The Term Facility Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing,
and the Loans comprising each such portion shall be considered a separate Borrowing. 
 (b) To make an election pursuant to this Section,
the Term Facility Borrower shall notify the Administrative Agent of such election (which shall be in writing unless otherwise agreed to by the Administrative Agent) by the time that a Borrowing Request would be required under Section 2.03 if
the Term Facility Borrower were requesting a Borrowing of the Type resulting from such election to be made on the effective date of such election. Each such Interest Election Request shall be irrevocable and by means of a written Interest Election
Request delivered to the Administrative Agent in a form approved by the Administrative Agent and signed by the Term Facility Borrower. 

(c) Each Interest Election Request shall specify the following information in compliance with Section 2.02: 

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

(ii) the effective date of the election made pursuant to such Interest Election Request, which shall be a Business Day; 

(iii) whether the resulting Borrowing is to be an ABR Borrowing or a Eurocurrency Borrowing; and 

(iv) if the resulting Borrowing is a Eurocurrency Borrowing, the Interest Period to be applicable thereto after giving effect
to such election, which shall be a period contemplated by clause (a) of the definition of the term “Interest Period.” 

  
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 If any such Interest Election Request requests a Eurocurrency Borrowing but does not specify an Interest Period,
then the Term Facility Borrower shall be deemed to have selected an Interest Period of one month’s duration. 
 (d) Promptly following
receipt of an Interest Election Request, the Administrative Agent shall advise each Lender to which such Interest Election Request relates of the details thereof and of such Lender’s portion of each resulting Borrowing. 

(e) If the Term Facility Borrower fails to deliver a timely Interest Election Request with respect to a Eurocurrency Borrowing prior to the
end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period such Borrowing shall be converted to an ABR Borrowing. Notwithstanding any contrary provision hereof, if an
Event of Default has occurred and is continuing and the Administrative Agent, at the written request (including a request through electronic means) of the Required Lenders, so notifies the Term Facility Borrower, then, so long as an Event of Default
is continuing (i) no outstanding Borrowing may be converted to or continued as a Eurocurrency Borrowing and (ii) unless repaid, each Eurocurrency Borrowing shall be converted to an ABR Borrowing at the end of the Interest Period applicable
thereto. 
 SECTION 2.06. Termination and Reduction/Increases of Commitments. (a) Unless previously terminated, the Commitments
shall terminate in full at 5:00 p.m. New York City time on the earlier of (i) the date on which the Acquisitions are consummated without the making of any Loans, (ii) the Long Stop Date and (iii) the Certain Funds Termination Date.
Additionally, the applicable Commitments will be permanently reduced upon the making of any Loan under such Commitment by an amount equal to the amount of such Loan. 

(b) The Term Facility Borrower may at any time terminate, or from time to time reduce, either Class of Commitments; provided that each
reduction of the Commitments shall be in an amount that is an integral multiple of $10,000,000 and not less than $10,000,000. 
 (c) The
Term Facility Borrower shall notify the Administrative Agent of any election to terminate or reduce the Commitments under paragraph (b) of this Section at least three Business Days prior to the effective date of such termination or reduction,
specifying such election and the effective date thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the Lenders of the contents thereof. Each notice delivered by the Term Facility Borrower pursuant to this
Section shall be irrevocable; provided that a notice of termination of the Commitments delivered by the Term Facility Borrower may state that such notice is conditioned upon the effectiveness of other credit facilities, in which case such
notice may be revoked by the Term Facility Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Any termination or reduction of the Commitments shall be permanent. Each
reduction of the Commitments under this Section 2.06 shall be made ratably among the Lenders in accordance with their respective Commitments. 

  
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 (d) Subject to the conditions set forth below, the Term Facility Borrower may, upon at least ten
(10) days (or such other period of time agreed to between the Administrative Agent and the Term Facility Borrower) prior written notice to the Administrative Agent, request a new credit facility which is a term loan (a “New Term
Loan”); provided that: 
 (i) no Default shall have occurred and be continuing hereunder as of the effective
date of such increase; 
 (ii) the representations and warranties of the Loan Parties set forth in the Loan Documents shall
be true and correct in all material respects (except that any representation or warranty which is already qualified as to materiality or by reference to Material Adverse Effect shall be true and correct in all respects) on and as of such date,
except to the extent such representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects as of such earlier date; 

(iii) the amount of each such New Term Loan shall not be less than $10,000,000 (or such other minimum amount agreed to between
the Administrative Agent and the Term Facility Borrower), and shall not cause the sum of (x) the aggregate increases under Section 2.08(d) of the New Revolving Credit Facility plus (y) the outstanding amount of any such New Term Loan
(and any other New Term Loans made under this Section 2.06(d)) to exceed $350,000,000; 
 (iv) the Term Facility
Borrower and any applicable Lender or lender not theretofore a Lender (the designation of such lender not theretofore a Lender to become a Lender to be effective only with the prior written consent of the Administrative Agent, which shall not be
unreasonably withheld), shall execute and deliver to the Administrative Agent, a Lender Addition and Acknowledgement Agreement, in form and substance satisfactory to the Administrative Agent and acknowledged by the Administrative Agent and the Term
Facility Borrower; 
 (v) no existing Lender shall be obligated in any way to make any New Term Loan unless it has executed
and delivered a Lender Addition and Acknowledgement Agreement; 
 (vi) the Administrative Agent shall have received such
supplemental opinions, resolutions, certificates and other documents as the Administrative Agent may reasonably request; 

(vii) the interest rates and fees and amortization applicable to the New Term Loan shall be determined by the Term Facility
Borrower and the lenders thereunder; 
 (viii) the New Term Loans shall constitute “Loans” for all purposes of the
Loan Documents; 
 (ix) this Agreement and the other Loan Documents may be amended in a writing executed and delivered by the
Borrowers and the Administrative Agent to reflect any technical changes necessary to give effect to such New Term Loan in accordance with its terms as set forth herein, which may include the addition of such New Term Loan as a separate facility;

 (x) such New Term Loan is on the same terms and conditions as those set forth in this Agreement with respect to the
Tranche 1 Loans and/or Tranche 2 Loans, as applicable, except as set forth in (vii) above or to the extent reasonably satisfactory to the Administrative Agent; 

(xi) a new Lender may not be the Term Facility Borrower or any Affiliate or Subsidiary of the Term Facility Borrower. 

  
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 (e) The provisions of Section 2.06(d) shall supersede any provisions in Section 2.15 or
9.02 to the contrary (including, for the avoidance of doubt, provisions thereof relating to amendments to Section 9.02, Section 2.10, Section 2.15, and the definition of “Required Lenders”). 

SECTION 2.07. Repayment of Loans; Evidence of Debt. (a) The Term Facility Borrower hereby unconditionally promises to pay to the
Administrative Agent for the account of each Lender of Tranche 1 Loans the then unpaid principal amount of the Tranche 1 Loans on the Maturity Date. The Term Facility Borrower hereby unconditionally promises to pay to the Administrative Agent for
the account of each Lender of Tranche 2 Loans (x) on the last Business Day of each full Fiscal Quarter, beginning with the first full Fiscal Quarter after the Acquisition Closing Date, an amount equal to 5.0% of the principal amount of the
Tranche 2 Loans made on the Acquisition Closing Date and (y) the then unpaid principal amount of the Tranche 2 Loans on the Maturity Date. 

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

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

(e) Any Lender may request that Loans made by it be evidenced by a promissory note. In such event, the Term Facility Borrower shall prepare,
execute and deliver to such Lender a promissory note payable to the order of such Lender (or, if requested by such Lender, to such Lender and its registered assigns) and in the form of Exhibit B hereto or such other form approved by the
Administrative Agent. Thereafter, the Loans evidenced by such promissory note and interest thereon shall at all times (including after assignment pursuant to Section 9.04) be represented by one or more promissory notes in such form payable to
the order of the payee named therein (or, if such promissory note is a registered note, to such payee and its registered assigns). 

SECTION 2.08. Voluntary Prepayment of Loans. (a) The Term Facility Borrower shall have the right at any time and from time to
time to prepay any Borrowing in whole or in part, subject to prior notice in accordance with paragraph (b) of this Section. 
 (b) The
Term Facility Borrower shall notify the Administrative Agent (which notice shall be in writing unless otherwise agreed to by the Administrative Agent) of any prepayment hereunder (i) in the case of prepayment of a Eurocurrency Borrowing, not
later than 11:00 a.m., Local Time, three Business Days before the date of prepayment or (ii) in the case of prepayment of an ABR Borrowing, not later than 11:00 a.m., Local Time, one Business Day before the date of prepayment. Each such notice
shall be irrevocable and shall specify the prepayment date and the principal amount of each Borrowing or portion thereof to be prepaid; provided that, if a notice of prepayment is given in connection with a conditional notice of termination
of the Commitments as contemplated by Section 2.06, then such notice 

  
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of prepayment may be revoked if such notice of termination is revoked in accordance with Section 2.06. Promptly following receipt of any such notice relating to a Borrowing, the
Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in an amount that would be permitted in the case of an advance of a Borrowing of the same Type as provided in Section 2.02.
Each prepayment of a Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 2.10. 

SECTION 2.09. Additional Interest and Fees. (a) The Term Facility Borrower agrees to pay to the Administrative Agent for the
account of each Lender ticking interest (the “Ticking Interest”) commencing on the Effective Date and ending on the date all Commitments are terminated in their entirety or otherwise reduced to zero, (i) equal to
0.175% per annum until the receipt of a publicly issued senior unsecured indebtedness rating for the Term Facility Borrower (after giving effect to the Acquisitions) from the ratings advisory service of Moody’s and a publicly issued
corporate credit rating for the Term Facility Borrower (after giving effect to the Acquisitions) from the ratings advisory service of S&P, and (ii) thereafter, equal to the Applicable Margin per annum, in each case, on the aggregate daily
amount of the unfunded Commitments of each Lender during such period, such interest to be earned and payable in full on the date the Commitments are terminated in their entirety or otherwise reduced to zero. 

(b) The Term Facility Borrower agrees to pay to the Lead Bookrunners, the Administrative Agent and the Syndication Agent fees payable to them
in the amounts and at the times separately agreed upon by them. 
 (c) All additional interest and fees payable hereunder shall be paid on
the dates due, in immediately available funds and in Dollars, to the Administrative Agent for distribution, in the case of Ticking Interest, to the Lenders. Such additional interest and fees paid shall not be refundable under any circumstances. 

SECTION 2.10. Interest. (a) The Loans comprising each ABR Borrowing shall bear interest at the Alternate Base Rate plus the
Applicable Margin. 
 (b) The Loans comprising each Eurocurrency Borrowing shall bear interest at the Adjusted LIBO Rate for the Interest
Period in effect for such Borrowing plus the Applicable Margin. 
 (c) Notwithstanding the foregoing, if any principal of or interest on any
Loan or any fee or other amount payable by the Term Facility Borrower hereunder is not paid when due (after the expiration of any applicable grace or cure period), whether at stated maturity, upon acceleration or otherwise, such overdue amount shall
bear interest, after as well as before judgment, at a rate per annum equal to (i) in the case of overdue principal of any Loan, 2% plus the rate otherwise applicable to such Loan as provided in the preceding paragraphs of this Section or
(ii) in the case of any other amount, 2% plus the rate applicable to ABR Loans as provided in paragraph (a) of this Section. 

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

  
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 (e) All interest hereunder shall be computed on the basis of a year of 360 days, except that
interest computed by reference to the Alternate Base Rate at times when the Alternate Base Rate is based on the Prime Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the
actual number of days elapsed (including the first day but excluding the last day). The applicable Alternate Base Rate, Adjusted LIBO Rate or LIBO Rate shall be determined by the Administrative Agent, and such determination shall be conclusive
absent manifest error. 
 SECTION 2.11. Alternate Rate of Interest. If prior to the commencement of any Interest Period for a
Eurocurrency Borrowing: 
 (a) the Administrative Agent determines (which determination shall be conclusive absent manifest error) that
adequate and reasonable means (including, without limitation, by means of an Interpolated Rate) do not exist for ascertaining the Adjusted LIBO Rate or the LIBO Rate, as applicable, for such Interest Period; or 

(b) the Administrative Agent is advised by the Required Lenders that the Adjusted LIBO Rate or the LIBO Rate, as applicable, for such Interest
Period will not adequately and fairly reflect the cost to such Lenders of making, converting to, continuing or maintaining their Loans included in such Borrowing for such Interest Period; 

then the Administrative Agent shall give notice thereof to the Term Facility Borrower and the Lenders by telephone or telecopy as promptly as practicable
thereafter and, until the Administrative Agent notifies the Term Facility Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, (i) any Interest Election Request that requests the conversion of any
Borrowing to, or continuation of any Borrowing as, a Eurocurrency Borrowing shall be ineffective and such Borrowing shall be converted to or continued as on the last day of the Interest Period applicable thereto an ABR Borrowing and (ii) any
outstanding Eurocurrency Borrowing shall be converted, on the last day of the then-current Interest Period, to an ABR Borrowing. 
 SECTION
2.12. Increased Costs. (a) If any Change in Law shall: 
 (i) impose, modify or deem applicable any reserve,
compulsory loan, insurance charge, special deposit or similar requirement against assets of, deposits with or for the account of, or credit extended by, any Lender (except any such reserve requirement reflected in the Adjusted LIBO Rate); 

(ii) impose on any Lender or the London interbank market any other condition, cost or expense affecting this Agreement or any
Loan made by such Lender; or 
 (iii) subject any Recipient to any Taxes on its loans, loan principal, letters of credit,
commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto (other than (A) Indemnified Taxes, (B) Other Connection Taxes on gross or net income, profits or revenue (including value-added
or similar Taxes) or that are franchise Taxes or branch profits Taxes and (C) Taxes described in clauses (b)-(c) of the definition of Excluded Taxes); 

and the result of any of the foregoing shall be to increase the cost to such Lender or such other Recipient of making, converting to, continuing or
maintaining any Eurocurrency Loan (or of maintaining its obligation to make any such Loan) or to reduce the amount of any sum received or receivable by such Lender (whether of principal, interest or otherwise), then the Term Facility Borrower will
pay to such 

  
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Lender or such other Recipient, as the case may be, such additional amount or amounts as will compensate such Lender or such other Recipient, as the case may be, for such additional costs
incurred or reduction suffered. 
 (b) If any Lender determines that any Change in Law regarding capital, liquidity or insurance
requirements has or would have the effect of reducing the rate of return on such Lender’s capital or on the capital of such Lender’s holding company, if any, as a consequence of this Agreement or the Loans made by such Lender to a level
below that which such Lender or such Lender’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s policies and the policies of such Lender’s holding company with respect to capital,
liquidity or insurance requirements), then from time to time the Term Facility Borrower will pay to such Lender such additional amount or amounts as will compensate such Lender or such Lender’s holding company for any such reduction suffered.

 (c) A certificate of a Lender setting forth the amount or amounts necessary to compensate such Lender or its holding company, as the case
may be, as specified in paragraph (a) or (b) of this Section shall be delivered to the Term Facility Borrower and shall be conclusive absent manifest error. The Term Facility Borrower shall pay such Lender the amount shown as due on any
such certificate within 10 days after receipt thereof. 
 (d) Failure or delay on the part of any Lender to demand compensation pursuant to
this Section shall not constitute a waiver of such Lender’s right to demand such compensation; provided that the Term Facility Borrower shall not be required to compensate a Lender pursuant to this Section for any increased costs or
reductions incurred more than 270 days prior to the date that such Lender notifies the Term Facility Borrower of the Change in Law giving rise to such increased costs or reductions and of such Lender’s intention to claim compensation therefor;
provided further that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the 270-day period referred to above shall be extended to include the period of retroactive effect thereof. 

SECTION 2.13. Break Funding Payments. In the event of (a) the payment of any principal of any Eurocurrency Loan other than on the
last day of an Interest Period applicable thereto (including as a result of an Event of Default), (b) the conversion of any Eurocurrency Loan other than on the last day of the Interest Period applicable thereto, (c) the failure to borrow,
convert, continue or prepay any Eurocurrency Loan on the date specified in any notice delivered pursuant hereto (regardless of whether such notice may be revoked under Section 2.08(b) and is revoked in accordance therewith), or (d) the
assignment of any Eurocurrency Loan other than on the last day of the Interest Period applicable thereto as a result of a request by the Term Facility Borrower pursuant to Section 2.16, then, in any such event, the Term Facility Borrower shall
compensate each Lender for the loss, cost and expense attributable to such event. In the case of a Eurocurrency Loan, such loss, cost or expense to any Lender shall be deemed to include an amount determined by such Lender to be the excess, if any,
of (i) the amount of interest which would have accrued on the principal amount of such Loan had such event not occurred, at the Adjusted LIBO Rate that would have been applicable to such Loan, for the period from the date of such event to the
last day of the then current Interest Period therefor (or, in the case of a failure to borrow, convert or continue, for the period that would have been the Interest Period for such Loan), over (ii) the amount of interest which would accrue on
such principal amount for such period at the interest rate which such Lender would bid were it to bid, at the commencement of such period, for Dollar deposits of a comparable amount and period from other banks in the eurodollar market. A certificate
of any Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this Section shall be delivered to the Term Facility Borrower and shall be conclusive absent manifest error. The Term Facility Borrower shall pay
such Lender the amount shown as due on any such certificate within 10 days after receipt thereof. 

  
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 SECTION 2.14. Withholding of Taxes; Gross-Up. (a) Each payment by any Loan Party
under any Loan Document shall be made without withholding for any Taxes, unless such withholding is required by any law. If any Withholding Agent determines, in its sole discretion exercised in good faith, that it is so required to withhold Taxes,
then such Withholding Agent may so withhold and shall timely pay the full amount of withheld Taxes to the relevant Governmental Authority in accordance with applicable law. If such Taxes are Indemnified Taxes, then the amount payable by such Loan
Party shall be increased as necessary so that, net of such withholding (including such withholding applicable to additional amounts payable under this Section), the applicable Recipient receives the amount it would have received had no such
withholding been made. 
 (b) Payment of Other Taxes by the Loan Parties. The Loan Parties shall timely pay any Other Taxes to the
relevant Governmental Authority in accordance with applicable law. 
 (c) Evidence of Payments. As soon as practicable after any
payment of Indemnified Taxes by any Loan Party to a Governmental Authority, such Loan 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. 
 (d)
Indemnification by the Loan Parties. The Loan Parties shall jointly and severally indemnify each Recipient for any Indemnified Taxes that are paid or payable by such Recipient in connection with any Loan Document (including amounts paid or
payable under this Section 2.14(d)) 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. The indemnity
under this Section 2.14(d) shall be paid within 10 days after the applicable Recipient delivers to the applicable Loan Party a certificate stating the amount of any Indemnified Taxes so paid or payable by such Recipient and describing the basis
for the indemnification claim. Such certificate shall be conclusive of the amount so paid or payable absent manifest error. Such Recipient shall deliver a copy of such certificate to the Administrative Agent. 

(e) Indemnification by the Lenders. Each Lender shall severally indemnify the Administrative Agent for any Taxes (but, in the case of
any Indemnified Taxes, only to the extent that any Loan Party has not already indemnified the Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Loan Parties to do so) attributable to such Lender that are paid
or payable 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. The indemnity under this Section 2.14(e) shall be paid within 10 days after the Administrative Agent delivers to the applicable Lender a certificate stating the amount of Taxes so paid or payable by the Administrative Agent. Such
certificate shall be conclusive of the amount so paid or payable absent manifest error. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under any Loan Document or
otherwise payable by the Administrative Agent to the Lender from any other source against any amount due to the Administrative Agent under this Section 2.14(e). 

(f) Status of Lenders. 

(i) Any Lender that is entitled to an exemption from, or reduction of, any applicable withholding Tax with respect to any
payments under any Loan Document shall deliver to the Term Facility Borrower and the Administrative Agent, at the time or times reasonably requested by the Term Facility Borrower or the Administrative Agent, such properly completed and executed
documentation reasonably requested by the Term Facility Borrower or the 

  
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Administrative Agent as will permit such payments to be made without, or at a reduced rate of, withholding. In addition, any Lender, if requested by the Term Facility Borrower or the
Administrative Agent, shall deliver such other documentation prescribed by law or reasonably requested by the Term Facility Borrower or the Administrative Agent as will enable the Term Facility Borrower or the Administrative Agent to determine
whether or not such Lender is subject to any withholding (including 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 2.14(f)(ii)(A) through (C) below) shall not be required if in the Lender’s 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. Upon the reasonable request of the Term Facility Borrower or the Administrative Agent, any Lender shall update any form or certification
previously delivered pursuant to this Section 2.14(f). If any form or certification previously delivered pursuant to this Section expires or becomes obsolete or inaccurate in any respect with respect to a Lender, such Lender shall promptly (and
in any event within 10 days after such expiration, obsolescence or inaccuracy) notify the Term Facility Borrower and the Administrative Agent in writing of such expiration, obsolescence or inaccuracy and update the form or certification if it is
legally eligible to do so. 
 (ii) Without limiting the generality of the foregoing, any Lender with respect to the Term
Facility Borrower shall, if it is legally eligible to do so, deliver to the Term Facility Borrower and the Administrative Agent (in such number of copies reasonably requested by the Term Facility Borrower and the Administrative Agent) on or prior to
the date on which such Lender becomes a party hereto, duly completed and executed copies of whichever of the following is applicable: 

(A) in the case of a Lender that is a U.S. Person, IRS Form W-9 certifying that such Lender is exempt from U.S. Federal backup
withholding tax; 
 (B) in the case of a Non-U.S. Lender, executed originals of IRS Form W-8BEN, W-8ECI or W-8IMY (together
with any underlying attachments), as applicable; 
 (C) in the case of a Lender that is not resident in Ireland, if required
to obtain an exemption from Irish withholding tax, authorization issued by the Irish Revenue Commissioners permitting payment without deduction of withholding tax; or 

(D) (x) any other form prescribed by law as a basis for claiming exemption from, or a reduction of, U.S. Federal withholding
Tax together or, as the case may be, Irish withholding tax with such supplementary documentation necessary to enable the Term Facility Borrower or the Administrative Agent to determine the amount of Tax (if any) required by law to be withheld and/or
(y) in the case of Irish withholding tax, confirmation that the applicable Lender satisfies one or more of the exemptions from Irish withholding tax prescribed in Section 246(3) of the (Irish) Taxes Consolidation Act, 1997. 

(g) 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 2.14 (including additional amounts paid pursuant to this Section 2.14), 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 with respect to the Taxes giving rise to such refund), net of all out-of-

  
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pocket expenses (including any 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 to such indemnified party pursuant to the previous sentence (plus any penalties, interest or other charges imposed by the relevant
Governmental Authority) in the event such indemnified party is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this Section 2.14(g), in no event will any indemnified party be required to
pay any amount to any indemnifying party pursuant to this Section 2.14(g) if such payment would place such indemnified party in a less favorable position (on a net after-Tax basis) than such indemnified party would have been in if the Tax
subject to indemnification had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts giving rise to such refund had never been paid. This Section 2.14(g) shall not be construed to require any
indemnified party to make available its Tax returns (or any other information relating to its Taxes which it deems confidential) to the indemnifying party or any other Person. 

(h) Survival. Each party’s obligations under this Section 2.14 shall survive any assignment of rights by, or the replacement
of, a Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all other obligations under any Loan Document. 

SECTION 2.15. Payments Generally; Pro Rata Treatment; Sharing of Set-offs. (a) Unless otherwise specified, the Term Facility
Borrower shall make each payment required to be made by it hereunder (whether of principal, interest or fees or of amounts payable under Section 2.12, 2.13, 2.14 or 2.17, or otherwise) prior to 1:00 p.m., Local Time, on the date when due, in
immediately available funds, without set-off or counterclaim. Any amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of
calculating interest thereon. All such payments shall be made to the Administrative Agent to the applicable account designated to the Term Facility Borrower by the Administrative Agent, except that payments pursuant to Sections 2.12, 2.13, 2.14,
2.17 and 9.03 shall be made directly to the persons entitled thereto. The Administrative Agent shall distribute any such payments received by it for the account of any other person to the appropriate recipient promptly following receipt thereof. If
any payment hereunder shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period
of such extension. All payments hereunder of principal or interest in respect of any Loan and any other amount due hereunder or under another Loan Document shall be made in Dollars. Any payment required to be made by the Administrative Agent
hereunder shall be deemed to have been made by the time required if the Administrative Agent shall, at or before such time, have taken the necessary steps to make such payment in accordance with the regulations or operating procedures of the
clearing or settlement system used by the Administrative Agent to make such payment. 
 (b) If at any time insufficient funds are received
by and available to the Administrative Agent from the Term Facility Borrower to pay fully all amounts of principal, interest and fees then due from the Term Facility Borrower hereunder, such funds shall be applied (i) first, towards payment of
interest and fees then due from the Term Facility Borrower hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and fees then due to such parties, and (ii) second, towards payment of principal then
due from the Term Facility Borrower hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal then due to such parties. 

(c) If any Lender shall, by exercising any right of set-off or counterclaim or otherwise, obtain payment in respect of any principal of or
interest on any of its Loans resulting in such Lender receiving payment of a greater proportion of the aggregate amount of its Loans and accrued 

  
 39 

 
interest thereon than the proportion received by any other Lender, then the Lender receiving such greater proportion shall purchase (for cash at face value) participations in the Loans of other
Lenders to the extent necessary so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Loans; 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 (c) shall not be construed to apply to any payment made by the Term Facility Borrower pursuant to and in accordance with the express terms of this Agreement or any payment obtained by a Lender as consideration for
the assignment of or sale of a participation in any of its Loans to any assignee or participant, other than the Term Facility Borrower or any Subsidiary or Affiliate thereof (as to which the provisions of this paragraph (c) shall apply). The
Term Facility Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against the Term Facility
Borrower rights of set-off and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of the Term Facility Borrower in the amount of such participation. 

(d) Unless the Administrative Agent shall have received notice from the Term Facility Borrower prior to the date on which any payment is due
to the Administrative Agent for the account of the Lenders hereunder that the Term Facility Borrower will not make such payment, the Administrative Agent may assume that the Term Facility Borrower has made such payment on such date in accordance
herewith and may, in reliance upon such assumption, distribute to the Lenders the amount due. In such event, if the Term Facility Borrower has not in fact made such payment, then each of the Lenders severally agrees to repay to the Administrative
Agent forthwith on demand the amount so distributed to such Lender with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of
the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. 

(e) If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.04(b), 2.15(d) or 9.03(c), then the
Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such
Sections until all such unsatisfied obligations are fully paid. 
 SECTION 2.16. Mitigation Obligations; Replacement of Lenders.
(a) If any Lender requests compensation under Section 2.12, or if the Term Facility Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.14,
then such Lender shall use reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment
of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 2.12 or 2.14, 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 Term Facility Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment. 

(b) If any Lender requests compensation under Section 2.12, or if the Term Facility Borrower is required to pay any additional amount to
any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.14, or if any Lender defaults in its obligation to fund Loans hereunder or is otherwise a Defaulting Lender, or if any Lender has failed to consent to
a proposed 

  
 40 

 
amendment, waiver, discharge or termination which pursuant to the terms of Section 9.02 or any other provision of any Loan Document requires the consent of all affected Lenders and with
respect to which the Required Lenders shall have granted their consent, then the Term Facility 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 Section 9.04), all its interests, rights and obligations under this Agreement to an assignee that shall assume such obligations (which assignee may be another Lender, if
a Lender accepts such assignment); provided that (i) the Term Facility Borrower shall have received the prior written consent of the Administrative Agent, which consent shall not unreasonably be withheld, (ii) such Lender shall have
received payment of an amount equal to the outstanding principal of its Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder, from the assignee (to the extent of such outstanding principal and accrued interest
and fees) or the Term Facility Borrower (in the case of all other amounts) and (iii) in the case of any such assignment resulting from a claim for compensation under Section 2.12 or payments required to be made pursuant to
Section 2.14, such assignment will result in a reduction in such compensation or payments. A Lender shall not be required to make any such assignment and delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the
circumstances entitling the Term Facility Borrower to require such assignment and delegation cease to apply. 
 SECTION 2.17. Additional
Reserve Costs. (a) For so long as any Lender is required to make special deposits with the Bank of England or comply with reserve assets, liquidity, cash margin or other requirements of the Bank of England, to maintain reserve asset ratios
or to pay fees, in each case in respect of such Lender’s Eurocurrency Loans, such Lender shall be entitled to require the Term Facility Borrower to pay, contemporaneously with each payment of interest on each of such Loans, additional interest
on such Loan at a rate per annum equal to the Mandatory Cost Rate calculated in accordance with the formula and in the manner set forth in Exhibit C hereto. 

(b) For so long as any Lender is required to comply with reserve assets, liquidity, cash margin or other requirements of any monetary or other
authority (including any such requirement imposed by the European Central Bank or the European System of Central Banks, but excluding requirements reflected in the Statutory Reserves or the Mandatory Cost Rate) in respect of any of such
Lender’s Eurocurrency Loans, such Lender shall be entitled to require the Term Facility Borrower to pay, contemporaneously with each payment of interest on each of such Lender’s Loans subject to such requirements, additional interest on
such Loan at a rate per annum specified by such Lender to be the cost to such Lender of complying with such requirements in relation to such Loan. 

(c) Any additional interest owed pursuant to paragraph (a) or (b) above shall be determined by the applicable Lender, which
determination shall be conclusive absent manifest error, and notified to the Term Facility Borrower (with a copy to the Administrative Agent) at least five Business Days before each date on which interest is payable for the applicable Loan, and such
additional interest so notified to the Term Facility Borrower by such Lender shall be payable to the Administrative Agent for the account of such Lender on each date on which interest is payable for such Loan. 

SECTION 2.18. Defaulting Lenders. Notwithstanding any provision of this Agreement to the contrary, if any Lender becomes a Defaulting
Lender, then the following provisions shall apply for so long as such Lender is a Defaulting Lender: 
 (a) Ticking Interest pursuant to
Section 2.09(a) shall cease to accrue on the Commitment of such Defaulting Lender; 

  
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 (b) the Commitments of such Defaulting Lender shall not be included in determining whether the
Required Lenders have taken or may take any action hereunder (including any consent to any amendment, waiver or other modification pursuant to Section 9.02); provided, that this clause (b) shall not apply to the vote of a Defaulting Lender
in the case of an amendment, waiver or other modification requiring the consent of such Lender or each Lender affected thereby; 
 In the
event that the Administrative Agent and the Term Facility Borrower each agrees that a Defaulting Lender has adequately remedied all matters that caused such Lender to be a Defaulting Lender, then 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 such Lender will cease to be a Defaulting Lender; provided, however, 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 the Term Facility Borrower or any other party hereunder arising from such Lender’s having been a Defaulting Lender,
and the Term Facility Borrower and such other party shall retain and reserve any such claim. 
 ARTICLE III 

Representations and Warranties 

In order to induce the Lenders and the Administrative Agent to enter into this Agreement, the Term Facility Borrower represents and warrants
to each Lender and the Administrative Agent, that the following statements are true, correct and complete: 
 SECTION 3.01.
Organization; Powers. Each of the Term Facility Borrower and its Subsidiaries is duly organized, validly existing and in good standing (or, if applicable in a foreign jurisdiction, enjoys the equivalent status under the laws of any
jurisdiction of organization outside the United States) under the laws of the jurisdiction of its organization, has all requisite power and authority to carry on its business as now conducted and, except where the failure to do so, individually or
in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, is qualified to do business in, and is in good standing in, every jurisdiction where such qualification is required. 

SECTION 3.02. Authorization; Enforceability. The Transactions are within each Loan Party’s corporate powers and have been duly
authorized by all necessary corporate, stockholder, shareholder and other action. Each Loan Document has been duly executed and delivered by each Loan Party party thereto and assuming due execution and delivery by all parties other than the Loan
Parties, constitutes a legal, valid and binding obligation of each Loan Party, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights
generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 
 SECTION
3.03. Governmental Approvals; No Conflicts. Except as set forth on Schedule 3.03, the Transactions (a) do not require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority, except
such as have been obtained or made and are in full force and effect (or are to be made within any applicable grace period), (b) will not violate any applicable law or regulation or the charter, by-laws or other organizational documents of the
Term Facility Borrower or any of its Subsidiaries or any order of any Governmental Authority, (c) will not violate or result in a default under any indenture, agreement or other instrument binding upon the Term Facility Borrower or any of its
Subsidiaries or its assets, or give rise to a right thereunder to require any payment to be made by the Term Facility Borrower or any of its Subsidiaries, and (d) will not result in the creation or imposition of any Lien on any asset of the
Term Facility Borrower or any of its Subsidiaries, except to the extent such violation or default or Lien, could not, in the case of subparts (c) or (d) reasonably be expected to result in a Material Adverse Effect. 

  
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 SECTION 3.04. Financial Condition; No Material Adverse Change. (a) The Term Facility
Borrower has heretofore furnished to the Lenders the Company’s (i) consolidated balance sheet and statements of income, stockholders equity and cash flows as of and for the Fiscal Year ended June 30, 2013 and each subsequent Fiscal
Year of the Company ended at least 90 days prior to the Acquisition Closing Date, reported on by Ernst and Young LLP, independent public accountants and (ii) unaudited consolidated balance sheet and statements of income, stockholders equity and
cash flows as of and for each Fiscal Quarter of the Company ended at least 45 days prior to the Acquisition Closing Date (other than any Fiscal Quarter end that coincides with a Fiscal Year end). To the Term Facility Borrower’s knowledge, such
financial statements present fairly, in all material respects, the financial position and results of operations and cash flows of the Company and its consolidated Subsidiaries as of such dates and for such periods in accordance with GAAP, except as
may be indicated in the notes thereto and subject to year-end audit adjustments and the absence of footnotes in the case of the statements referred to in clause (ii) above. 

(b) To the extent made available to the Term Facility Borrower, the Term Facility Borrower has heretofore furnished to the Lenders
Eagle’s (i) consolidated balance sheets, and consolidated statements of operations and statements of consolidated comprehensive income, consolidated statements of changes in shareholders’ equity, and consolidated statements of cash
flows as of and for the fiscal year ended December 31, 2012 and each subsequent fiscal year of Eagle ended at least 90 days prior to the Acquisition Closing Date, reported on by KPMG, independent public accountants and (ii) unaudited
consolidated balance sheets, and consolidated statements of operations and statements of consolidated comprehensive income, consolidated statements of changes in shareholders’ equity, and consolidated statements of cash flows as of and for each
fiscal quarter of Eagle ended at least 45 days prior to the Acquisition Closing Date (other than any fiscal quarter end that coincides with a fiscal year end). To the Term Facility Borrower’s knowledge, such financial statements present fairly,
in all material respects, the financial position and results of operations and cash flows of Eagle and its consolidated Subsidiaries as of such dates and for such periods in accordance with GAAP, except as may be indicated in the notes thereto and
subject to year-end audit adjustments and the absence of footnotes in the case of the statements referred to in clause (ii) above. 

(c) As of the Acquisition Closing Date, the Term Facility Borrower has heretofore furnished to the Lenders a pro forma consolidated balance
sheet and related pro forma consolidated statement of income of the Term Facility Borrower and its Subsidiaries as of and for the Fiscal Year most recently ended and any additional financial reports required for the Form S-4, prepared after giving
effect to the Transactions as if the Transactions had occurred as of such date (in the case of such balance sheet) or at the beginning of such period (in the case of such statement of income). 

(d) Since June 30, 2013, there has been no material adverse change in the business, assets, operations, prospects or condition, financial
or otherwise, of the Term Facility Borrower and its Subsidiaries, taken as a whole. 
 SECTION 3.05. Properties. (a) Each of
the Term Facility Borrower and its Subsidiaries has good title to, or valid leasehold interests in, all its real and personal property material to its business, except where such failure to have good title or valid leasehold interests could not
reasonably be expected to result in a Material Adverse Effect. None of the assets of the Term Facility Borrower or any of its Subsidiaries is subject to any Lien other than Liens permitted under Section 6.02. 

(b) Each of the Term Facility Borrower and its Subsidiaries owns, or is licensed to use, all trademarks, tradenames, copyrights, patents and
other intellectual property material to its 

  
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business, and the use thereof by the Term Facility Borrower and its Subsidiaries does not infringe upon the rights of any other Person, except for any such infringements that, individually or in
the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 
 SECTION 3.06. Litigation and Environmental
Matters. (a) There are no actions, suits or proceedings by or before any arbitrator or Governmental Authority pending against or, to the knowledge of the Term Facility Borrower, threatened against or affecting the Term Facility Borrower or
any of its Subsidiaries (i) as to which there is a reasonable possibility of an adverse determination and that, if adversely determined, could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect
(other than the Disclosed Matters and as set forth in the SEC Documents) or (ii) that involve this Agreement or the Transactions. 

(b) Except as set forth in the SEC Documents and the Disclosed Matters and except with respect to any other matters that, individually or in
the aggregate, could not reasonably be expected to result in a Material Adverse Effect, neither the Term Facility Borrower nor any of its Subsidiaries (i) has failed to comply with any Environmental Law or to obtain, maintain or comply with any
permit, license or other approval required under any Environmental Law, (ii) has become subject to any Environmental Liability, (iii) has received notice of any claim with respect to any Environmental Liability or (iv) knows of any
basis for any Environmental Liability. 
 (c) Since the date of this Agreement, there has been no change in the status of the Disclosed
Matters that, individually or in the aggregate, has resulted in, or materially increased the likelihood of, a Material Adverse Effect. 

SECTION 3.07. Compliance with Laws and Agreements. Except as set forth in the SEC Documents and the Disclosed Matters, each of the
Term Facility Borrower and its Subsidiaries is in compliance with all laws, regulations and orders of any Governmental Authority applicable to it or its property and all indentures, agreements and other instruments binding upon it or its property,
except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. No Default has occurred and is continuing. 

Neither the Term Facility Borrower nor any of its Subsidiaries is in violation of any applicable law, relating to anti-corruption (including
the FCPA and the United Kingdom Bribery Act of 2010) (“Anti-Corruption Laws”) or counter-terrorism (including United States Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001, the USA PATRIOT
Act; the United Kingdom Terrorism Act of 2000, the United Kingdom Anti-Terrorism, Crime and Security Act of 2001, the United Kingdom Terrorism (United Nations Measures) Order of 2006, the United Kingdom Terrorism (United Nations Measures) Order of
2009 and the United Kingdom Terrorist Asset-Freezing etc. Act of 2010). None of the Term Facility Borrower, any of its Subsidiaries, nor to the knowledge of the Term Facility Borrower, any of their respective officers or directors (a) have
violated, within the 5 year period prior to the date of this Agreement, or is in violation of any applicable law that relates to Sanctions, or (b) is an Embargoed Person. None of the proceeds from the Loans shall be used in any manner that
directly or indirectly violates Sanctions or Anti-Corruption Laws. 
 SECTION 3.08. Investment Company Status. Neither the Term
Facility Borrower nor any of its Subsidiaries is an “investment company” as defined in, or subject to regulation under, the Investment Company Act of 1940. 

SECTION 3.09. Taxes. Except as set forth in the Disclosed Matters, each of the Term Facility Borrower and its Subsidiaries has timely
(after taking into account all available extensions) filed or caused to be filed all Tax returns and reports required to have been filed and has paid 

  
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or caused to be paid all Taxes required to have been paid by it, except (a) Taxes that are being contested in good faith by appropriate proceedings and for which the Term Facility Borrower
or such Subsidiary, as applicable, has set aside on its books adequate reserves or (b) to the extent that the failure to do so could not reasonably be expected to result in a Material Adverse Effect. 

SECTION 3.10. ERISA. No ERISA Event or Foreign Plan Event has occurred or is reasonably expected to occur that, when taken together
with all other such ERISA Events and/or Foreign Plan Events for which liability is reasonably expected to occur, could reasonably be expected to result in a Material Adverse Effect. Each of the Term Facility Borrower, the Subsidiaries and the ERISA
Affiliates is in compliance with the applicable provisions of ERISA and the provisions of the Code relating to Plans and the regulations and published interpretations thereunder and any similar applicable non-U.S. law, except for such noncompliance
that could not reasonably be expected to have a Material Adverse Effect. The excess of the present value of all benefit liabilities under each Plan of the Term Facility Borrower, the Subsidiaries and the ERISA Affiliates (based on those assumptions
used to fund such Plan), as of the last annual valuation date applicable thereto for which a valuation is available, over the value of the assets of such Plan could not reasonably be expected to have a Material Adverse Effect, and the excess of the
present value of all benefit liabilities of all underfunded Plans (based on those assumptions used to fund each such Plan) as of the last annual valuation dates applicable thereto for which valuations are available, over the value of the assets of
all such underfunded Plans could not reasonably be expected to have a Material Adverse Effect. Each of the Term Facility Borrower and the Subsidiaries is in compliance (i) with all applicable provisions of law and all applicable regulations and
published interpretations thereunder with respect to any employee pension benefit plan or other employee benefit plan governed by the laws of a jurisdiction other than the United States and (ii) with the terms of any such plan, except, in each
case, for such noncompliance that could not reasonably be expected to have a Material Adverse Effect. 
 SECTION 3.11. Disclosure.
The Term Facility Borrower has disclosed to the Lenders all agreements, instruments and corporate or other restrictions known to the Term Facility Borrower to which it or any of its Subsidiaries is subject, and all other matters known to it, that,
individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect. Neither the financial statements, certificates nor other reports or information furnished by or on behalf of the Term Facility Borrower to the
Administrative Agent or any Lender in connection with the negotiation of this Agreement or delivered hereunder (as modified or supplemented by other information so furnished) contains any material misstatement of 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 in any material respect; provided that, with respect to projected financial information, the Term Facility Borrower
represents only that such information was prepared in good faith based upon assumptions believed to be reasonable at the time. 
 SECTION
3.12. Use of Loans. The Term Facility Borrower will use the proceeds of the Loans to repay existing Indebtedness of the Company on or prior to 60 days following the Acquisition Closing Date and to finance in part the Transactions and to pay
fees and expenses in connection therewith; provided that if the Term Facility Borrower utilizes the Loans for any purpose other than the payment of the Cash Consideration it shall ensure that it shall have remaining Commitments hereunder and
commitments under the Debt Bridge Facility, Cash Bridge Facility and/or the New Senior Notes in an aggregate amount at least equal to the amount of the Cash Consideration. Neither the Term Facility Borrower nor any of its Subsidiaries extends or
maintains, in the ordinary course of business, credit for the purpose, whether immediate, incidental, or ultimate, of buying or carrying Margin Stock. No part of the proceeds of any Loan will be used in any manner that is in violation of any
applicable law or regulation (including without limitation Regulations U or X of the Board). After applying the proceeds of each Loan, Margin Stock will not constitute more than 25% of the value of the assets of the Term Facility Borrower and its
Subsidiaries on a consolidated basis that are subject to any provisions of this Agreement that may cause the Loan to be deemed secured, directly or indirectly, by Margin Stock. 

  
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 SECTION 3.13. Acquisition Related Representations. 

(a) The Term Facility Borrower has delivered to the Administrative Agent a complete and correct copy of the Acquisition Agreement, the Press
Release and (if and when issued) the Scheme Circular, including all schedules and exhibits thereto. The execution, delivery and performance of each of the Scheme Documents has been or will be, prior to its execution and delivery, duly authorized by
the Term Facility Borrower. Each of the Scheme Documents is or will be, when entered into and delivered, the legal, valid and binding obligations of the Term Facility Borrower, as applicable, enforceable against the Term Facility Borrower in
accordance with its terms in each case, except as may be limited by (i) bankruptcy, insolvency, examination or other similar laws affecting the rights and remedies of creditors generally and (ii) general principles of equity. 

(b) The Press Release and the Scheme Circular (if and when issued) when taken as a whole: (i) do not (or will not if and when issued)
contain any statement which is materially untrue by the Term Facility Borrower or omit any material and necessary information in light of the circumstances in which they are delivered which makes any statement for which the Term Facility Borrower or
its directors are responsible, materially misleading and all expressions of expectation, intention, belief and opinion of the Term Facility Borrower in the Press Release or the Scheme Circular were or will be honestly made on reasonable grounds
after due and careful consideration by the Term Facility Borrower in light of the facts known to the Term Facility Borrower at such time; and (ii) taken as a whole, contain all the material terms of the Scheme. 

(c) Each of the Scheme Documents complies in all material respects with the Companies Acts 1963 to 2012 of Ireland and the Irish Takeover
Rules, subject to any applicable waivers by the Panel. 
 ARTICLE IV 

Conditions 
 SECTION
4.01. Effective Date. This Agreement shall become effective on the date on which each of the following conditions is satisfied (or waived in accordance with Section 9.02): 

(a) The Administrative Agent (or its counsel) shall have received from each party hereto either (i) a counterpart of each Loan Document
to which it is a party signed on behalf of such party or (ii) written evidence satisfactory to the Administrative Agent (which may include telecopy transmission of a signed signature page) that such party has signed a counterpart of each such
Loan Document. 
 (b) The Administrative Agent shall have received the following favorable written opinions (addressed to the Administrative
Agent and the Lenders and dated the Effective Date) of counsel covering such matters relating to the parties hereto, this Agreement or the Transactions as the Administrative Agent may reasonably request: 

(i) an opinion of Dillon Eustace Solicitors special Irish counsel to the Term Facility Borrower; and 

(ii) an opinion of Fried, Frank, Harris, Shriver & Jacobson LLP special New York counsel to the Term Facility
Borrower. 

  
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 (c) a certificate (signed by a director or the company secretary) of the Term Facility Borrower
and each of the Irish incorporated Effective Date Guarantors (each an “Irish Certificate Provider”) attaching and certifying as true and correct, (a) the certificates of incorporation, (b) memorandum and articles of
association and (c) board resolutions approving the entry into the Transactions and this Agreement and ancillary documentation and authorizing their execution by persons specified in such resolution and certifying that (w) that the
borrowing or guaranteeing the Commitments will not cause any borrowing, guarantee or similar limits binding on such Irish Certificate Provider to be exceeded, (x) certifying that such Irish Certificate Provider has complied with the provisions
of Section 60 of the Act in order to enable such Irish Certificate Provider to enter into this Agreement and perform its obligations under this Agreement, (y) certifying that neither such Irish Certificate Provider, nor any director or
Secretary of such Irish Certificate Provider is a company or a person to whom Chapter I or Chapter II of Part VII of the 1990 Act applies (z) certifying that the prohibition contained in Section 31 of the 1990 Act does not apply to this
Agreement as either: (A) such Irish Certificate Provider forms part of a group of companies within the scope of Section 35 of the 1990 Act; or (B) no director of such Irish Certificate Provider is connected within the meaning of
Section 26 of the 1990 Act to the Company or any member of the Company’s group (including Company Merger Sub); and (aa) a specimen of the signature of each person authorized by the resolution referred to in paragraph (c) above. 

(d) The Administrative Agent shall have received such documents and certificates as the Administrative Agent or its counsel may reasonably
request relating to the organization, existence and good standing of the Effective Date Loan Parties, the incumbency of officers, the authorization of the Transactions and any other legal matters relating to the Effective Date Loan Parties, the Loan
Documents or the Transactions, all in form and substance satisfactory to the Administrative Agent and its counsel acting reasonably. 
 (e)
The Administrative Agent shall have received a letter of status from the Companies Registration Office of Ireland dated a date reasonably close to the Effective Date as to the status of the Term Facility Borrower and the Irish incorporated Effective
Date Guarantors 
 (f) The Administrative Agent shall have received a certificate, dated the Effective Date and signed by a senior officer
of the Term Facility Borrower, certifying that (i) no Default as of the Effective Date has occurred and is continuing and (ii) the representations and warranties contained in Article III are true and correct in all material respects on and
as of the Effective Date as if made on and as of such date (except where such representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material
respects as of such earlier date). 
 (g) All fees and other amounts due and payable on or prior to the Effective Date by the Term Facility
Borrower and the Company to the Lead Bookrunners and the Lenders under the Loan Documents and under any fee letters among any such parties shall be paid, including, to the extent invoiced by the relevant Person, reimbursement or payment of all
out-of-pocket expenses required to be reimbursed or paid by the Loan Parties hereunder on the Effective Date. 
 (h) The Administrative
Agent shall have received, at least 2 Business Days prior to the Effective Date, all documentation and other information required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and
regulations, including the Patriot Act, in each case relating to the Term Facility Borrower and its Subsidiaries and the Company and its Subsidiaries. 

  
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 The Administrative Agent shall notify the Term Facility Borrower and the Lenders of the Effective Date, and such
notice shall be conclusive and binding. 
 SECTION 4.02. Acquisition Closing Date. The obligations of the Lenders to make Tranche 1
Loans and Tranche 2 Loans on the Acquisition Closing Date is subject to the satisfaction (or waiver in accordance with Section 9.02) of the following conditions: 

(a) The Effective Date shall have occurred. 

(b) The Filing Date shall have occurred. 

(c) The Take Private Resolution shall have been passed. 

(d) Receipt by the Administrative Agent of the following documents, each dated the Acquisition Closing Date unless otherwise indicated: 

 

	 	1.	a notice of borrowing in accordance with Section 2.03; 

  

	 	2.	a copy, certified by the Term Facility Borrower, of (x) each of the Scheme Documents and the Press Release and Acquisition Agreement or otherwise reflecting amendments to, or waivers of, the terms and conditions
applicable to the Acquisitions, (y) the Court Order and (z) the certificates of the Registrar of Companies in Ireland confirming registration of the Court Order (insofar as it relates to the Capital Reduction); and a certified copy of the
Take Private Resolution; 

  

	 	3.	a certificate of the Term Facility Borrower certifying that the conditions set forth in clauses (e), (f) and (g) of this Section 4.02 have been satisfied; 

 

	 	4.	An executed Joinder Agreement from each Acquisition Closing Date Guarantor pursuant to which such Acquisition Closing Date Guarantor will become, substantially simultaneously with the occurrence of the Acquisition
Closing Date, a Guarantor under this Agreement; and 

  

	 	5.	The Administrative Agent shall have received a certificate substantially in the form attached hereto as Exhibit E of the Term Facility Borrower and the Acquisition Closing Date Guarantors. 

(e) the Certain Funds Representations shall be true and correct in all material respects on and as of the Acquisition Closing Date as if made
on such date (except where such representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects as of such earlier date); 

(f) as of the Acquisition Closing Date, no Certain Funds Event of Default has occurred and is continuing or would result from the consummation
of any Borrowing or from the application of the proceeds therefrom; 
 (g) (1) the Scheme Effective Date shall have occurred and the Term
Facility Borrower (together with its nominees) owns (or immediately after application of the proceeds of the Borrowing on the Acquisition Closing Date will own) 100% of the issued share capital of Eagle and (2) the Eagle Acquisition shall have
been, or concurrently with the occurrence of the Acquisition Closing 

  
 48 

 
Date shall be, consummated in all material respects in accordance with the terms and conditions of the Acquisition Agreement, without giving effect to any modifications, amendments, consents,
requests or waivers by the Term Facility Borrower (or its applicable Subsidiary) thereunder that are materially adverse to the interests of the Lenders, without the prior written consent of the Administrative Agent (it being understood and agreed
that (a) none of the following changes in the Scheme consideration or the purchase price with respect to the Acquisitions shall be deemed materially adverse to the interests of the Lenders: (i) any change in the Scheme consideration (as
set forth in the Section 2 (“Consideration”) of the Press Release most recently delivered prior to the Effective Date), (ii) any increase in the purchase price funded with the issuance of any equity securities by the
Company, the Term Facility Borrower or any of their subsidiaries, (iii) any increase in the purchase price funded other than through the issuance of equity securities by the Company, the Term Facility Borrower or any of their Subsidiaries of
not more than 10%, and (iv) any decrease in the purchase price of not more than 10%; provided that if such decrease is in respect of the Cash Consideration to the extent such reduction is not required to be applied to the Debt Bridge
Facility or the Cash Bridge Facility, the Commitments under this Agreement are reduced on a dollar for dollar basis (such reduction to be pro rata between the Tranche 1 Commitments and Tranche 2 Commitments); and (b) any modification, amendment
or waiver of the Specified Transaction Agreement Representations shall, in each case, be deemed materially adverse to the interests of the Lenders and may only be modified, amended or waived with the consent of the Lead Bookrunners save to the
extent contemplated under Section 1.03(f); and 
 (h) the Company Merger shall have occurred (or shall occur substantially concurrently
with such applicable Borrowing), which shall be confirmed through the delivery of merger certificate filed and effective with the Secretary of State of the State of Michigan; 

(i) all fees and other amounts due and payable on or prior to the Acquisition Closing Date by the Loan Parties to the Lead Bookrunners and the
Lenders (including pursuant to any fee or similar letters) shall be paid, including, to the extent invoiced by the relevant Person, reimbursement or payment of all out-of-pocket expenses required to be reimbursed or paid by the Loan Parties
hereunder on the Acquisition Closing Date; and 
 (j) the Administrative Agent shall have received, at least 2 Business Days prior to the
Acquisition Closing Date, all documentation and other information required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the Patriot Act, in each case relating to
Eagle and its Subsidiaries. 
 The Administrative Agent shall notify the Term Facility Borrower and the Lenders of the Acquisition Closing Date, and such
notice shall be conclusive and binding. 
 SECTION 4.03. Action by Lenders During Certain Funds Period. During the Certain Funds
Period and notwithstanding (i) any provision to the contrary in any Loan Document or (ii) that any condition to the occurrence of the Effective Date may subsequently be determined not to have been satisfied or that any representation given
as a condition thereof was incorrect in any material respect, except (I) in the case of a particular Lender, if it would be illegal, due to a Change in Law affecting such Lender occurring after the date such Lender has become a party to this
Agreement, for such Lender to participate in making the Loans hereunder and (II) in circumstances where, pursuant to Section 4.02, a Lender is not obligated to make a Loan, no Lender shall be entitled to: 

(a) cancel any of its Commitments to the extent to do so would prevent or limit the making of a Loan; 

  
 49 

 (b) rescind, terminate or cancel this Agreement or any of its Commitments hereunder or exercise
any similar right or remedy or make or enforce any claim under the Loan Documents it may have to the extent to do so would prevent or limit the making of its Loan; 

(c) refuse to participate in making its Loan; 

(d) exercise any right of set-off or counterclaim in respect of its Loan to the extent to do so would prevent or limit the making of its Loan;
or 
 (e) cancel, accelerate or cause repayment or prepayment of any amounts owing hereunder or under any other Loan Documents to the extent
to do so would prevent or limit the making of its Loan; 
 provided that immediately upon (x) the expiration of the Certain Funds Period,
(y) the occurrence of a Certain Funds Event of Default or (z) the breach of a Certain Funds Representation in any material respect, all such rights, remedies and entitlements shall be available to the Lenders as provided in the last
paragraph of Article VII notwithstanding that they may not have been used or been available during the Certain Funds Period. 
 ARTICLE V

 Affirmative Covenants 

Until the Commitments have expired or been terminated and the principal of and interest on each Loan and all fees payable hereunder shall have
been paid in full, the Term Facility Borrower covenants and agrees with the Lenders that: 
 SECTION 5.01. Financial Statements; Ratings
Change and Other Information. At any time after the Acquisition Closing Date, the Term Facility Borrower will furnish to the Administrative Agent: 

(a) within 90 days (or such earlier date as the Term Facility Borrower may be required to file its applicable annual report on Form 10-K by
the rules and regulations of the SEC) after the end of each Fiscal Year of the Term Facility Borrower ending after the Acquisition Closing Date, its audited consolidated balance sheet and related statements of operations, stockholders’ equity
and cash flows as of the end of and for such year, setting forth in each case in comparative form the figures for the previous Fiscal Year, if any, all reported on by Ernst and Young LLP or other independent public accountants of recognized national
standing (without a “going concern” or like qualification or exception and without any qualification or exception as to the scope of such audit) to the effect that such consolidated financial statements present fairly in all material
respects the financial condition and results of operations of the Term Facility Borrower and its consolidated Subsidiaries on a consolidated basis in accordance with GAAP consistently applied (except as may be indicated in the notes thereto); 

(b) within 45 days (or such earlier date as the Term Facility Borrower may be required to file its applicable quarterly report on Form 10-Q by
the rules and regulations of the SEC) after the end of each of the first three Fiscal Quarters of each Fiscal Year of the Term Facility Borrower, beginning with the first Fiscal Quarter ending after the Acquisition Closing Date, its consolidated
balance sheet and related statements of operations, stockholders’ equity and cash flows as of the end of and for such Fiscal Quarter and the then elapsed portion of the Fiscal Year, setting forth in each case in comparative form the figures for
the corresponding period or periods of (or, in the case of the balance sheet, as of the end of) the previous Fiscal Year, if any, all certified by one of its Financial Officers as presenting fairly in all material respects the financial condition
and results of operations of the Term Facility Borrower and its consolidated Subsidiaries on a consolidated basis in accordance with GAAP consistently applied, subject to normal year-end audit adjustments and the absence of footnotes; 

  
 50 

 (c) concurrently with, or within five Business Days after, any delivery of financial statements
under clause (a) or (b) above, a certificate of a Financial Officer of the Term Facility Borrower (i) certifying as to whether a Default has occurred and, if a Default has occurred, specifying the details thereof and any action taken
or proposed to be taken with respect thereto, (ii) setting forth reasonably detailed calculations demonstrating compliance with Sections 6.10 and 6.11 and (iii) stating whether any change in GAAP or in the application thereof has occurred
since the date of the audited financial statements referred to in Section 3.04 and, if any such change has occurred, specifying the effect of such change on the financial statements accompanying such certificate; provided that any
certificate delivered in connection with any delivery of financial statements under clause (a) above shall also certify whether or not the Guarantor Coverage Test is satisfied; 

(d) concurrently with any delivery of financial statements under clause (a) above, a certificate of the accounting firm that reported on
such financial statements stating whether they obtained knowledge during the course of their examination of such financial statements of any Default (which certificate may be limited to the extent required by accounting rules or guidelines); 

(e) promptly after Moody’s or S&P shall have announced a change in the rating established or deemed to have been established for the
Index Debt, written notice of such rating change; and 
 (f) promptly following any request therefor, such other information regarding the
operations, business affairs and financial condition of the Term Facility Borrower or any Subsidiary, or compliance with the terms of this Agreement, as the Administrative Agent or any Lender may reasonably request. 

Information required to be delivered pursuant to this Section 5.01 shall be deemed to have been delivered if such information, or one or more annual
reports containing such information, shall be available on the web site of the SEC at http://www.sec.gov or on the Term Facility Borrower and the Company’s web site at http://www.perrigo.com. Information required to be delivered pursuant to
this Section may also be delivered by electronic communications pursuant to procedures approved by the Administrative Agent. 
 SECTION
5.02. Notices of Material Events. The Term Facility Borrower will furnish to the Administrative Agent prompt written notice of the following: 

(a) the occurrence of any Default; 

(b) the filing or commencement of any action, suit or proceeding by or before any arbitrator or Governmental Authority against or affecting
the Term Facility Borrower or any Affiliate thereof that, if adversely determined, could reasonably be expected to result in a Material Adverse Effect; 

(c) the occurrence of any ERISA Event or Foreign Plan Event that, alone or together with any other ERISA Events or Foreign Plan Events that
have occurred, could reasonably be expected to result in liability of the Term Facility Borrower and its Subsidiaries in an aggregate amount exceeding $25,000,000; and 

(d) any other development that results in, or could reasonably be expected to result in, a Material Adverse Effect. 

  
 51 

 Each notice delivered under this Section shall be accompanied by a statement of a Financial Officer or other
executive officer of the Term Facility Borrower setting forth the details of the event or development requiring such notice and any action taken or proposed to be taken with respect thereto. 

SECTION 5.03. Existence; Conduct of Business. The Term Facility Borrower will, and will cause each of its Subsidiaries to, do or cause
to be done all things reasonably necessary to preserve, renew and keep in full force and effect its legal existence and the rights, licenses, permits, privileges and franchises material to the conduct of its business; provided that the
foregoing shall not prohibit any merger, consolidation, liquidation or dissolution permitted under Section 6.03 or apply to any Non-Loan Party Immaterial Subsidiary. 

SECTION 5.04. Payment of Obligations. The Term Facility Borrower will, and will cause each of its Subsidiaries to, pay its
obligations, including Tax liabilities, that, if not paid, could result in a Material Adverse Effect before the same shall become delinquent or in default, except where (a) the validity or amount thereof is being contested in good faith by
appropriate proceedings, (b) the Term Facility Borrower or such Subsidiary has set aside on its books adequate reserves with respect thereto in accordance with GAAP and (c) the failure to make payment pending such contest could not
reasonably be expected to result in a Material Adverse Effect. 
 SECTION 5.05. Maintenance of Properties; Insurance; Accounts. The
Term Facility Borrower will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted (except for disposition of
assets permitted under this Agreement), and (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as are customarily maintained by companies engaged in the same or similar
businesses operating in the same or similar locations. 
 SECTION 5.06. Books and Records; Inspection Rights. The Term Facility
Borrower will, and will cause each of its Subsidiaries to, keep proper books of record and account in which full, true and correct entries are made of all dealings and transactions in relation to its business and activities. The Term Facility
Borrower will, and will cause each of its Subsidiaries to, permit any representatives designated by the Administrative Agent, upon reasonable prior notice, to visit and inspect its properties, to examine and make extracts from its books and records,
and to discuss its affairs, finances and condition with its officers and independent accountants, all at such reasonable times and as often as reasonably requested. The Term Facility Borrower will take all action required by the Administrative Agent
to permit the Administrative Agent and the Lenders to rely on its annual audit. Except as specified in the definitions of Fiscal Quarters and Fiscal Year, the Term Facility Borrower will not change its Fiscal Quarters or Fiscal Year. 

SECTION 5.07. Compliance with Laws. The Term Facility Borrower will, and will cause each of its Subsidiaries to, comply with all laws,
rules, regulations and orders of any Governmental Authority applicable to it or its property, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 

SECTION 5.08. Use of Proceeds. The proceeds of the Loans and will be used only for the purposes described in Section 3.12. No
part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose or in any manner that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. 

SECTION 5.09. Additional Covenants. If at any time any Loan Party shall enter into or be a party to any instrument or agreement,
including all such instruments or agreements 

  
 52 

 
in existence as of the date hereof and all such instruments or agreements entered into after the date hereof, relating to or amending any provisions applicable to any of its Indebtedness which in
the aggregate, together with any related Indebtedness, exceeds $200,000,000, which includes financial covenants or the equivalent thereof not substantially provided for in this Agreement or more favorable to the holders or lenders thereunder than
those provided for in this Agreement, then the Term Facility Borrower shall promptly so advise the Administrative Agent and the Lenders. If the Administrative Agent or the Required Lenders shall request, upon notice to the Term Facility Borrower,
the Term Facility Borrower, the Administrative Agent and the Lenders shall enter into an amendment to this Agreement or an additional agreement (as the Administrative Agent may request), providing for substantially the same financial covenants or
the equivalent thereof as those provided for in such instrument or agreement to the extent required and as may be selected by the Administrative Agent. 

SECTION 5.10. Progress of the Scheme. 

(a) The Term Facility Borrower shall procure that the: 

(i) Scheme Circular is dispatched by Eagle as soon as practicable and in any event within 28 days of the date of issue of the
Press Release (or on or before such later date as the Panel may permit) or, if later, promptly after the date on which the Court convenes a meeting of the holders of the Shares to consider the Scheme; and 

(ii) material terms of the Scheme Circular are not inconsistent in any material respect with, or contrary to, the terms of the
draft Press Release delivered to the Administrative Agent pursuant to the terms of this Agreement unless the Administrative Agent has approved in writing (which approval shall not be unreasonably withheld, delayed or conditioned) such change in
advance or such change is required by the Panel, the Court or the SEC. 
 (b) The Term Facility Borrower will keep the Administrative Agent
reasonably informed as to any material developments in relation to the Scheme and (i) promptly deliver to the Administrative Agent any material documents in relation to the Scheme, including a copy of any Scheme Document (subject to applicable
legal or regulatory restrictions on disclosure thereof, including any requirements of the Irish Takeover Rules), (ii) promptly after any reasonable request from the Administrative Agent provide the Administrative Agent with any material
information relevant to the progress of the Scheme and with any material information or advice received in relation to and relevant to the Scheme and (iii) notify the Administrative Agent promptly following it becoming aware that the relevant
Court Order has been issued. 
 (c) The Term Facility Borrower shall not: 

(i) take any action (and procure, so far as it is able to do so, that no person Acting in Concert (as defined in the Irish
Takeover Panel Act of 1997, as amended) with it or otherwise, takes any action) which would compel it (or any person Acting in Concert with it) to make an offer to shareholders in Eagle under Rule 9 of the Irish Takeover Rules; and 

(ii) without the prior written consent of the Administrative Agent, acquire any Shares other than under the Scheme. 

  
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 (d) Without duplication of their obligations under Section 5.10(b), Term Facility Borrower
shall: 
 (i) comply in all material respects with its obligations under the Scheme and the Scheme Documents; 

(ii) comply in all material respects with its obligations under the Irish Companies Acts 1963 to 2012 and the Irish Takeover
Rules, subject to any applicable waivers by the Panel; 
 (iii) agree with the Administrative Agent the content of, and will
deliver to the Administrative Agent copies of, all publicity material, press releases and announcements intended to be published to the extent relating to or describing the Lenders or the Loans (other than the Scheme Documents) as soon as
practicable prior to their publication, unless otherwise required by the Irish Takeover Rules, the Panel, any regulation, any applicable stock exchange, any applicable government or other regulatory authority and shall not publish any such other
publicity material, press releases or announcements relating to the Lenders or the Loans without the prior written consent of the Administrative Agent (not to be unreasonably withheld). 

(e) The Term Facility Borrower shall not implement the Eagle Acquisition by way of a tender offer without the prior written consent of the
Administrative Agent. 
 SECTION 5.11. Covenant to Guarantee Obligations; Additional Guarantors. 

(a) As soon as practicable (and in no event more than 60 days) following the Acquisition Closing Date (or such longer period as may otherwise
be agreed by the Administrative Agent), the Term Facility Borrower shall, at the Term Facility Borrower’s expense, (i) cause Eagle and each Irish incorporated subsidiary of Eagle (other than an Excluded Subsidiary or an Immaterial
Subsidiary) to become a Guarantor by executing and delivering to the Administrative Agent a Joinder Agreement and (ii) deliver to the Administrative Agent a certificate (signed by a director or the company secretary) of Eagle and each Irish
incorporated subsidiary of Eagle (other than an Excluded Subsidiary or an Immaterial Subsidiary) (each an “Eagle Certificate Provider”) attaching and certifying as true and correct, (1) the certificates of incorporation,
(2) memorandum and articles of association, (3) board resolutions of such Eagle Certificate Provider approving the entry into the Transactions and this Agreement and ancillary documentation and authorizing their execution by persons
specified in such resolution and certifying that (y) borrowing or guaranteeing the Commitments will not cause any borrowing, guarantee or similar limits binding on such Eagle Certificate Provider to be exceeded, (w) such Eagle Certificate
Provider has complied with the provisions of Section 60 of the Act in order to enable such Eagle Certificate Provider to enter into this Agreement and perform its obligations under this Agreement, (x) neither such Eagle Certificate
Provider, nor any director or Secretary of such Eagle Certificate Provider is a company or a person to whom Chapter I or Chapter II of Part VII of the 1990 Act applies, (y) certifying that the prohibition contained in Section 31 of the
1990 Act does not apply to this Agreement as such Eagle Certificate Provider forms part of a group of companies within the meaning of Section 35 of the 1990 Act; and (z) a specimen of the signature of each person authorized by the
resolution referred to in subclause (3) above. 
 (b) At any time after the Acquisition Closing Date, the Term Facility Borrower may
cause any Subsidiary of the Term Facility Borrower to guarantee the obligations of the Term Facility Borrower by delivering to the Term Facility Borrower and the Administrative Agent such customary documentation reasonably requested by the
Administrative Agent including, without limitation, favorable opinions of counsel to such Subsidiary or the Term Facility Borrower. 
 (c)
Within 60 days after the Acquisition Closing Date (or such later date as the Administrative Agent shall agree in its reasonable discretion) the Term Facility Borrower shall furnish the Administrative Agent such customary legal opinions as it shall
reasonably request relating to the addition of the Acquisition Closing Date Guarantors as Guarantors. 

  
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 (d) If at any time on or after the Acquisition Closing Date, any Person (other than an Excluded
Subsidiary or an Immaterial Subsidiary) is or becomes, as applicable, a Subsidiary, the Term Facility Borrower hereby agrees that within 60 days (or such later date as the Administrative Agent shall agree in its reasonable discretion) of such Person
becoming a Subsidiary it shall (i) cause such Subsidiary to become a Guarantor by executing and delivering to the Administrative Agent a Joinder Agreement and (ii) in connection therewith deliver to the Administrative Agent such customary
opinions and other documentation reasonably requested by the Administrative Agent. 
 (e) The Term Facility Borrower shall comply with the
Guarantor Coverage Test. To the extent the Term Facility Borrower is not in compliance with the Guarantor Coverage Test as evidenced by the delivery of the annual certificate set forth in Section 5.01(c), no default shall result under this
clause (e) if, within 60 days of the date such certificate is required to be delivered hereunder (or such later date as the Administrative Agent shall agree in its reasonable discretion), a Subsidiary or Subsidiaries of the Term Facility
Borrower enter into Joinder Agreements such that the Term Facility Borrower would have been in compliance with such Guarantor Coverage Test (on a pro forma basis for such new Guarantors). In connection therewith the Term Facility Borrower shall
deliver to the Administrative Agent such customary opinions and other documentation reasonably requested by the Administrative Agent. 
 (f)
On any date the Term Facility Borrower may by written notice to the Administrative Agent request that any Guarantor be released from the applicable Guaranty. Such Guarantor shall be released from such Guaranty to the extent that the Term Facility
Borrower shall be in pro forma compliance with the Guarantor Coverage Test (for the avoidance of doubt such test measured as of the most recent Fiscal Quarter (versus Fiscal Year) ended prior to the date of such notice) after giving effect to the
release of such Guarantor from the Guaranty, with such notice to contain a certification from the Term Facility Borrower of such pro forma compliance. Additionally and notwithstanding anything herein to the contrary, on the Release Date, the
Guarantors will be permanently released from the Guaranties. The Lenders hereby authorize the Administrative Agent to execute and deliver any documents reasonably required to evidence any release in accordance with the foregoing. 

SECTION 5.12. Covenant to Re-register Eagle as a Private Company. As soon as practicable (and in no event more than 14 days) following
the Acquisition Closing Date (or such longer period as may otherwise be agreed by the Administrative Agent), the Term Facility Borrower shall, at the Term Facility Borrower’s expense, cause the Take Private Application to be delivered to the
Registrar of Companies in Ireland and shall deliver to the Administrative Agent a receipt from the Irish Companies Office confirming the filing of the Take Private Application and Form G1 in respect of the Take Private Resolution together with
certified copies of such filing. 
 ARTICLE VI 

Negative Covenants 
 Until
the Commitments have expired or terminated and the principal of and interest on each Loan and all fees payable hereunder have been paid in full, the Term Facility Borrower covenants and agrees with the Lenders that: 

SECTION 6.01. Non-Guarantor Subsidiary Indebtedness. The Term Facility Borrower will not permit any Non-Guarantor Subsidiaries to,
create, incur, assume or permit to exist any Indebtedness, except: 
 (a) Indebtedness created hereunder; 

  
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 (b) Indebtedness existing on the date hereof and set forth in Schedule 6.01 and extensions,
renewals and replacements of any such Indebtedness that do not increase the outstanding principal amount thereof; 
 (c) Indebtedness
resulting from loans permitted by Section 6.04(d); 
 (d) Indebtedness pursuant to Permitted Securitization Transactions provided that
the aggregate outstanding principal amount of the Indebtedness under all Permitted Securitization Transactions of all Non-Guarantor Subsidiaries and of the Term Facility Borrower and all of its other Subsidiaries shall not exceed $250,000,000; and

 (e) other Indebtedness in an aggregate amount not exceed an amount equal to 15% of Consolidated Total Tangible Assets. 

SECTION 6.02. Liens. The Term Facility Borrower will not, and will not permit any Subsidiary to, create, incur, assume or permit to
exist any Lien on any property or asset now owned or hereafter acquired by it, or assign or sell any income or revenues (including accounts receivable) or rights in respect of any thereof, except: 

(a) Permitted Encumbrances; 

(b) Liens on any property or asset of the Term Facility Borrower or any Subsidiary thereof existing on the date hereof and set forth in
Schedule 6.02; provided that (i) such Lien shall not apply to any other property or asset of the Term Facility Borrower or any Subsidiary thereof and (ii) such Lien shall secure only those obligations which it secures on the date
hereof and extensions, renewals and replacements thereof that do not increase the outstanding principal amount thereof, as reduced from time to time; 

(c) Precautionary UCC filings with respect to operating leases of the Term Facility Borrower or any Domestic Subsidiary thereof; 

(d) Liens on assets of Subsidiaries solely in favor of the Term Facility Borrower or any of its Subsidiaries as secured party and securing
Indebtedness owing by a Subsidiary to the Term Facility Borrower or another Subsidiary; 
 (e) Prior to the Acquisition Closing Date, Liens
on any escrow account, and Liens on any cash, cash equivalents or other property held in such escrow account representing proceeds from the New Senior Notes to the extent the proceeds thereof remain in escrow with the release of such proceeds
conditioned upon the consummation of the Acquisitions or the use of the proceeds to refinance all or a portion of the Senior Notes; 
 (f)
Liens on assets of Eagle and its subsidiaries permitted to remain outstanding after the Acquisition Closing Date pursuant to the terms of the Acquisition Agreement; 

(g) Liens (in addition to the Liens permitted above in this Section 6.02) on assets of the Term Facility Borrower and its Subsidiaries
securing indebtedness in the aggregate less than an amount equal to 7.5% of Consolidated Total Tangible Assets, provided that such Liens assumed or created in connection with an Additional Acquisition after the Effective Date may secure Indebtedness
in an aggregate amount of up to $25,000,000 in excess of 7.5% of Consolidated Total Tangible Assets for a period of time not to exceed 60 days after any such Additional Acquisition; 

  
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 (h) Liens in favor of issuing banks on cash collateral securing the obligations of a defaulting
lender to fund risk participations thereunder; and 
 (i) Liens (in addition to the Liens permitted above in this Section 6.02) on
assets of Subsidiaries that are not Guarantors assumed or created in connection with an Additional Acquisition after the Effective Date and not created in contemplation of such Additional Acquisition and securing Indebtedness in the aggregate less
than an amount equal to 10% of Consolidated Total Tangible Assets, provided that such Liens may secure Indebtedness in an aggregate amount of up to $25,000,000 in excess of 10% of Consolidated Total Tangible Assets for a period of time not to exceed
60 days after any such Additional Acquisition. 
 Notwithstanding the above, the Term Facility Borrower will, if it or any of its Subsidiaries shall create
any Lien upon any of its property or assets, whether now owned or hereafter acquired, in favor of any of the holders of the Senior Notes or New Senior Notes (unless prior written consent of the Required Lenders to the creation thereof shall have
been obtained), make or cause to be made effective a provision whereby the Obligations will be secured by such Lien equally and ratably with any and all other Indebtedness thereby secured. 

SECTION 6.03. Fundamental Changes. The Term Facility Borrower will not, and will not permit any Subsidiary to, merge into or
consolidate with any other Person, or permit any other Person to merge into or consolidate with it, or liquidate or dissolve, provided nothing in this Section 6.03 shall prohibit the consummation of the Transactions (including, for the
avoidance of doubt, the ownership, acquisition and/or disposition by the Term Facility Borrower of its Equity Interests in New Foreign Holdco on or prior to the Acquisition Closing Date, so long as after any such disposition and on the Acquisition
Closing Date and thereafter, New Foreign Holdco is the direct wholly-owned subsidiary of the Term Facility Borrower), and provided further that, if at the time thereof and immediately after giving effect thereto no Default shall have
occurred and be continuing (i) any Person may merge into the Term Facility Borrower in a transaction in which the Term Facility Borrower is the surviving corporation, (ii) any Person (other than the Term Facility Borrower) may merge into
any Subsidiary in a transaction in which the surviving entity is a Subsidiary, (iii) any Subsidiary may sell, transfer, lease or otherwise dispose of its assets to the Term Facility Borrower or to another Subsidiary and (iv) any Subsidiary
may liquidate or dissolve if the Term Facility Borrower determines in good faith that such liquidation or dissolution is in the best interests of the Term Facility Borrower and is not materially disadvantageous to the Lenders; provided that
any such merger involving a Person that is not a Wholly-Owned Subsidiary immediately prior to such merger shall not be permitted unless also permitted by Section 6.04. 

SECTION 6.04. Investments, Loans, Advances, Guarantees and Acquisitions. The Term Facility Borrower will not, and will not permit any
of its Subsidiaries to, purchase, hold or acquire (including pursuant to any merger with any Person that was not a Wholly-Owned Subsidiary prior to such merger) any Equity Interests, evidences of indebtedness or other securities (including any
option, warrant or other right to acquire any of the foregoing) of, make or permit to exist any loans or advances to, Guarantee any obligations of, or make or permit to exist any investment or any other interest in, any other Person, or make any
Acquisition, except: 
 (a) Permitted Investments; 

  
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 (b) Investments, loans and advances existing on the date hereof and set forth in Schedule 6.04
and extensions, renewals and replacements thereof that do not increase the outstanding amount thereof, as reduced from time to time; 
 (c)
Investments in a Securitization Entity in connection with Permitted Securitization Transactions and in an aggregate outstanding amount acceptable to the Administrative Agent and required to consummate the Permitted Securitization Transactions plus
accounts or notes receivable permitted to be transferred to a Securitization Entity in connection with Permitted Securitization Transactions; 

(d) Investments, loans or advances made by the Term Facility Borrower or any Subsidiary to the Term Facility Borrower or any Subsidiary
(including, for the avoidance of doubt, any such Investments, loans or advances incurred in connection with the Acquisitions); 
 (e)
Additional Acquisitions, provided that: (i) before and after giving pro forma effect thereto (as of the end of the most recently ended Fiscal Quarter of the Term Facility Borrower), no Default exists or would be caused thereby and (ii) if
such Additional Acquisition involves the acquisition of Equity Interests, the consummation of such Additional Acquisition has been recommended by the Board of Directors and management of the target of such Additional Acquisition; 

(f) Guarantees (i) by the Term Facility Borrower or any Subsidiary of Indebtedness of the Term Facility Borrower or any Subsidiary that
is a Guarantor, (ii) by any Subsidiary that is not a Guarantor of any Indebtedness of any Subsidiary or (iii) of any of the Obligations; and 

(g) Guarantees, investments, loans or advances not otherwise permitted by this Section 6.04 not in excess of 15% of Consolidated Total
Assets in the aggregate. 
 It is acknowledged and agreed that any Guarantees permitted by clauses (f) and (g) above, to the extent such Guarantee
constitutes Indebtedness, are subject to compliance with any applicable limitations in Section 6.01. 
 SECTION 6.05. Swap
Agreements. The Term Facility Borrower will not, and will not permit any of its Subsidiaries to, enter into any Swap Agreement, except (a) Swap Agreements entered into to hedge or mitigate risks to which the Term Facility Borrower or any
Subsidiary has actual exposure (other than those in respect of Equity Interests of the Term Facility Borrower or any of its Subsidiaries), and (b) Swap Agreements entered into in order to effectively cap, collar or exchange interest rates (from
fixed to floating rates, from one floating rate to another floating rate or otherwise) with respect to any interest-bearing liability or investment of the Term Facility Borrower or any Subsidiary. 

SECTION 6.06. Restricted Payments. The Term Facility Borrower will not, and will not permit any of its Subsidiaries to, declare or
make, or agree to pay or make, directly or indirectly, any Restricted Payment, except (a) the Term Facility Borrower may declare and pay dividends with respect to its Equity Interests payable solely in additional shares of its common stock,
(b) Subsidiaries may declare and pay dividends ratably with respect to their Equity Interests, and (c) the Term Facility Borrower may make Restricted Payments with respect to its Equity Interests so long as no Default exists or would be
caused thereby. For the avoidance of doubt, any reduction in share capital or share premium with respect to the Equity Interests of the Term Facility Borrower or any of its Subsidiaries in connection with a Restricted Payment permitted pursuant to
this Section 6.06 shall be permitted. 

  
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 SECTION 6.07. Transactions with Affiliates. The Term Facility Borrower will not, and will
not permit any of its Subsidiaries to, sell, lease or otherwise transfer any property or assets to, or purchase, lease or otherwise acquire any property or assets from, or otherwise engage in any other transactions with, any of its Affiliates,
except (a) at prices and on terms and conditions not less favorable to the Term Facility Borrower or such Subsidiary than could be obtained on an arm’s-length basis from unrelated third parties, (b) transactions between or among the
Term Facility Borrower and its Subsidiaries not involving any other Affiliate and (c) any Restricted Payment permitted by Section 6.06. 

SECTION 6.08. Restrictive Agreements. The Term Facility Borrower will not, and will not permit any of its Subsidiaries to, directly or
indirectly, enter into, incur or permit to exist any agreement or other arrangement that prohibits, restricts or imposes any condition upon the ability of any Subsidiary to pay dividends or other distributions with respect to any shares of its
Equity Interests; provided that the foregoing shall not apply to (i) restrictions and conditions imposed by law or by this Agreement, (ii) restrictions and conditions existing on the date hereof identified on Schedule 6.08 or any permitted
extension, refinancing, replacement or renewal thereof, or any amendment or modification thereof so long as any such extension, refinancing, renewal, amendment or modification is not, taken as a whole, materially more restrictive (in the good faith
determination of the Term Facility Borrower) than such restriction or condition, (iii) customary restrictions and conditions contained in agreements relating to the sale of a Subsidiary pending such sale, provided such restrictions and
conditions apply only to the Subsidiary that is to be sold and such sale is permitted hereunder, (iv) restrictions or conditions imposed by any agreement relating to Indebtedness incurred by any Subsidiary permitted by this Agreement if such
restrictions or conditions apply only to such Subsidiary, (v) prohibitions, restrictions and conditions arising in connection with any disposition permitted by Section 6.09 with respect to the property subject to such disposition,
(vi) customary prohibitions, restrictions and conditions contained in agreements relating to a Permitted Securitization Transaction, (vii) agreements or arrangements binding on a Subsidiary at the time such Subsidiary becomes a Subsidiary
of the Term Facility Borrower or any permitted extension, refinancing, replacement or renewal of, or any amendment or modification to, any such agreement or arrangement so long as any such extension, refinancing, renewal, amendment or modification
is not, taken as a whole, materially more restrictive (in the good faith determination of the Term Facility Borrower) than such agreement or arrangement, (viii) agreements or arrangements that are customary provisions in joint venture
agreements and other similar agreements or arrangements applicable to joint ventures, (ix) customary provisions in leases, subleases, licenses, sublicenses or permits so long as such prohibitions, restrictions or conditions relate only to the
property subject thereto, (x) prohibitions, restrictions or conditions on cash or other deposits imposed by customers under contracts entered into in the ordinary course of business, (xi) prohibitions, restrictions or conditions imposed by
a Lien permitted by Section 6.02 with respect to the transfer of the property subject thereto and (xii) restrictions on cash or other deposits or net worth imposed by customers under contracts entered into in the ordinary course of
business. 
 SECTION 6.09. Disposition of Assets; Etc. The Term Facility Borrower will not, and will not permit any of its
Subsidiaries to, sell, lease, license, transfer, assign or otherwise dispose of any of its business, assets, rights, revenues or property, real, personal or mixed, tangible or intangible, whether in one or a series of transactions, other than
inventory sold in the ordinary course of business upon customary credit terms, sales of scrap or obsolete material or equipment, the lapse of intellectual property of the Term Facility Borrower or any of its Subsidiaries that is no longer useful or
material to their business and sales of fixed assets the proceeds of which are used to purchase other property of a similar nature of at least equivalent value within 180 days of such sale, provided, however, that this
Section 6.09 shall not (a) prohibit any sale or other transfer of an interest in accounts or notes receivable to a Securitization Entity pursuant to Permitted Securitization Transactions if the aggregate outstanding principal amount of the
Indebtedness under all Permitted Securitization Transactions does not 

  
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exceed $250,000,000, (b) prohibit any sale or other transfer of any asset of the Term Facility Borrower or any Subsidiary to the Term Facility Borrower or any Subsidiary, (c) prohibit
any transaction permitted by Section 6.03 and (d) prohibit any such sale, lease, license, transfer, assignment or other disposition if the aggregate book value (disregarding any write-downs of such book value other than ordinary
depreciation and amortization) of all of the business, assets, rights, revenues and property sold, leased, licensed, transferred, assigned or otherwise disposed of after the Effective Date and on or prior to such transaction date shall be less than
40% of the aggregate book value of the Consolidated Total Assets as of the end of the Fiscal Year immediately preceding such transaction and the aggregate amount of businesses, assets, rights, revenues and property sold, leased, licensed,
transferred, assigned or otherwise disposed of after the Effective Date and on or prior to such transaction date shall be responsible for less than 40% of the consolidated net sales or net income of the Term Facility Borrower and its Subsidiaries
for the Fiscal Year immediately preceding the date of such transaction, and if immediately after any such transaction, no Default shall exist or shall have occurred and be continuing. 

SECTION 6.10. Leverage Ratio. On and at any time after the Acquisition Closing Date, beginning with the first full Fiscal Quarter
after the Acquisition Closing Date, the Term Facility Borrower will not permit the Leverage Ratio to exceed 4.0 to 1.0 as of the last day of any Fiscal Quarter of the Term Facility Borrower; provided that (i) beginning with the third full
Fiscal Quarter following Acquisition Closing Date, the Term Facility Borrower will not permit the Leverage Ratio to exceed 3.5 to 1.0 as of the last day of any such Fiscal Quarter of the Term Facility Borrower and (ii) beginning with the fifth
full Fiscal Quarter following the Acquisition Closing Date, the Term Facility Borrower will not permit the Leverage Ratio to exceed 3.25 to 1.0 as of the last day of any such Fiscal Quarter of the Term Facility Borrower, provided that with respect
to this clause (ii), during the four Fiscal Quarters after a Fiscal Quarter in which a Qualified Acquisition has occurred, such limit will be increased so that the Term Facility Borrower will not permit the Leverage Ratio to exceed 3.5 to 1.0 as of
the last day of any such Fiscal Quarter of the Term Facility Borrower. 
 SECTION 6.11. Interest Coverage Ratio. On and at any time
after the Acquisition Closing Date, beginning with the full Fiscal Quarter after the Acquisition Closing Date, the Term Facility Borrower will not permit the Interest Coverage Ratio to be less than 3.5 to 1.0 as of the end of any Fiscal Quarter of
the Term Facility Borrower. 
 SECTION 6.12. Limitations on Activities of the Term Facility Borrower and its Subsidiaries During the
Certain Funds Period. During the Certain Funds Period and immediately prior to the Acquisition Closing Date (and immediately prior to consummation of the Company Merger) the Term Facility Borrower and its Subsidiaries shall not (a) incur
any Indebtedness other than or any intercompany Indebtedness (including for the avoidance of doubt any intercompany Indebtedness incurred in connection with the Acquisitions), (b) own any material assets other than the Equity Interests of any
of their respective Subsidiaries or (c) otherwise engage in any business or activity other than (i) Term Facility Borrower’s ownership and/or acquisition of the Equity Interests of New Foreign Holdco and Company Merger Sub and any
other direct or indirect parent entity of Company Merger Sub that holds no material assets (other than the Equity Interests of any Subsidiary that is or is a parent entity of Company Merger Sub) and owes no material liabilities, as applicable,
(ii) the maintenance of their legal existence, including the incurrence of fees, costs and expenses relating to such maintenance, (iii) to the extent applicable, participating in tax, accounting and other administrative matters as a member
of the consolidated group of the Term Facility Borrower, (iv) incurring fees, costs and expenses relating to organization overhead including professional fees for legal, tax and accounting issues and paying taxes, (v) the execution and
delivery of the Loan Documents to which it is a party and the performance of its obligations thereunder and the borrowing of any Loans hereunder and the guarantees of the obligations hereunder, (vi) the performance of its obligations under the
Acquisition Agreement and under the Scheme Documents, (vii) taking all actions, including executing and delivering any related agreements, for the 

  
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purpose of consummating the issuance of the New Senior Notes, the making of the Loans and the loans under the Debt Bridge Facility and Cash Bridge Facility or the establishment of the New
Revolving Credit Facility (including, without limitation, holding the proceeds of any such issuance of the New Senior Notes, the Loans, the Debt Bridge Facility, the Cash Bridge Facility or the New Revolving Credit Facility referred to in this
clause (vii) in escrow prior to the consummation of the Acquisition), (viii) providing indemnification to officers and directors, (ix) activities incidental to the consummation of the Transactions, including the making of intercompany
loans (including for the avoidance of doubt any intercompany loans made in connection with the Acquisitions), distributions of cash, cash equivalents or Equity Interests and/or the making of other investments, in each case consummated substantially
contemporaneously with the consummation of the Transactions, and (x) activities necessary or advisable for or incidental to the businesses or activities described in clauses (i) to (ix) of this Section 6.12. 

ARTICLE VII 
 Events of
Default 
 If any of the following events (“Events of Default”) shall occur: 

(a) the Term Facility Borrower shall fail to pay any principal of any Loan when and as the same shall become due and payable, whether at the
due date thereof or at a date fixed for prepayment thereof or otherwise; 
 (b) the Term Facility Borrower shall fail to pay any interest on
any Loan or any fee or any other amount (other than an amount referred to in clause (a) of this Article) payable under this Agreement, when and as the same shall become due and payable, and such failure shall continue unremedied for a period of
three Business Days; 
 (c) any representation or warranty made or deemed made by or on behalf of the Term Facility Borrower or any
Subsidiary in or in connection with this Agreement, any other Loan Document or any amendment or modification hereof or waiver hereunder, or in any report, certificate, financial statement or other document furnished pursuant to or in connection with
this Agreement or any amendment or modification hereof or waiver hereunder, shall prove to have been incorrect in any material respect when made or deemed made; 

(d) the Term Facility Borrower shall fail to observe or perform any covenant, condition or agreement contained in Section 5.02, 5.03
(with respect to the Term Facility Borrower’s existence), 5.06 (with respect to inspection rights), 5.08, 5.10 (to the extent constituting a Certain Funds Event of Default), 5.11, 6.01, 6.02, 6.03, 6.04, 6.06, 6.07, 6.09, 6.10, 6.11 or 6.12;

 (e) (i) the Term Facility Borrower or any other Loan Party shall fail to observe or perform any covenant, condition or agreement
contained in Section 5.01 and such failure shall continue unremedied for a period of five days (provided such time period shall be ten days with respect to compliance certificates required to be delivered pursuant to Section 5.01(c)) after
notice thereof from the Administrative Agent to the Term Facility Borrower (which notice will be given at the request of any Lender); or (ii) the Term Facility Borrower or any other Loan Party shall fail to observe or perform any covenant,
condition or agreement contained in this Agreement (other than those specified in clause (a), (b), (d) or (e)(i) of this Article) or any other Loan Document, and such failure shall continue unremedied for a period of 30 days after notice
thereof from the Administrative Agent to the Term Facility Borrower (which notice will be given at the request of any Lender); 

  
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 (f) the Term Facility Borrower or any Subsidiary (other than a Non-Loan Party Immaterial
Subsidiary) shall fail to pay Material Indebtedness at the stated final maturity thereof (after giving effect to any applicable grace periods); 

(g) any event or condition occurs that results in Material Indebtedness of the Term Facility Borrower or any Subsidiary (other than a Non-Loan
Party Immaterial Subsidiary) becoming due prior to its scheduled maturity or that enables or permits (with or without the giving of notice, the lapse of time or both) the holder or holders of such Material Indebtedness or any trustee or agent on its
or their behalf to cause such Material Indebtedness to become due, or to require the prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity; provided that this clause (g) shall not apply to secured
Indebtedness that becomes due as a result of the voluntary sale or transfer of the property or assets securing such Indebtedness; 
 (h) an
involuntary proceeding shall be commenced or an involuntary petition shall be filed seeking (i) liquidation, reorganization, the appointment of an examiner or other relief in respect of the Term Facility Borrower or any Subsidiary (other than a
Non-Loan Party Immaterial Subsidiary) or its debts, or of a substantial part of its assets, under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect or (ii) the appointment of a
receiver, trustee, custodian, sequestrator, examiner, conservator or similar official for the Term Facility Borrower or any Subsidiary (other than a Non-Loan Party Immaterial Subsidiary) or for a substantial part of its assets, and, in any such
case, such proceeding or petition shall continue undismissed for 60 days or an order or decree approving or ordering any of the foregoing shall be entered; 

(i) the Term Facility Borrower or any Subsidiary (other than a Non-Loan Party Immaterial Subsidiary) shall (i) voluntarily commence any
proceeding or file any petition seeking liquidation, reorganization or other relief under any Federal, state or foreign bankruptcy, insolvency, receivership, examinership or similar law now or hereafter in effect, (ii) consent to the
institution of, or fail to contest in a timely and appropriate manner, any proceeding or petition described in clause (h) of this Article, (iii) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator,
conservator or similar official for the Term Facility Borrower or any Subsidiary (other than a Non-Loan Party Immaterial Subsidiary) or for a substantial part of its assets, (iv) file an answer admitting the material allegations of a petition
filed against it in any such proceeding, (v) make a general assignment for the benefit of creditors or (vi) take any action for the purpose of effecting any of the foregoing; 

(j) the Term Facility Borrower or any Subsidiary (other than a Non-Loan Party Immaterial Subsidiary) shall become unable, admit in writing its
inability or fail generally to pay its debts as they become due; 
 (k) one or more judgments for the payment of money in an aggregate
Dollar Equivalent amount in excess of $125,000,000 shall be rendered against the Term Facility Borrower, any Subsidiary or any combination thereof and the same shall remain undischarged for a period of 45 consecutive days during which execution
shall not be effectively stayed, or any action shall be legally taken by a judgment creditor to attach or levy upon any assets of the Term Facility Borrower or any Subsidiary to enforce any such judgment; 

(l) an ERISA Event or a Foreign Plan Event shall have occurred that, when taken together with all other ERISA Events and/or Foreign Plan
Events that have occurred, results in liabilities in an aggregate Dollar Equivalent amount in excess of $40,000,000 or any other event or condition shall occur or exist with respect to a Plan or a Foreign Plan and in each case such event or
condition, together with all other such events or conditions, if any, could reasonably be expected to result in a Material Adverse Effect; 

  
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 (m) Any Loan Document shall fail to remain in full force or effect or provide the Lien or
Guarantee intended to be provided, or any action shall be taken to discontinue or to assert the invalidity or unenforceability of any Loan Document, or the Term Facility Borrower shall deny that it has any further liability under any Loan Document
to which it is a party, or shall give notice to such effect; or 
 (n) a Change in Control shall occur; 

then, and in every such event (other than an event with respect to the Term Facility Borrower described in clause (h) or (i) of this Article), and
at any time thereafter during the continuance of such event, subject during the Certain Funds Period to Section 4.03, the Administrative Agent may, and at the request of the Required Lenders shall, by notice to the Term Facility Borrower, take
either or both of the following actions, at the same or different times: (i) terminate the Commitments, and thereupon the Commitments shall terminate immediately, and (ii) declare the Loans then outstanding to be due and payable in whole
(or in part, in which case any principal not so declared to be due and payable may thereafter be declared to be due and payable), and thereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and
all fees and other obligations of the Term Facility Borrower accrued hereunder, shall become due and payable immediately, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Term Facility Borrower;
and in case of any event with respect to the Term Facility Borrower described in clause (h) or (i) of this Article, the Commitments shall automatically terminate and the principal of the Loans then outstanding, together with accrued
interest thereon and all fees and other obligations of the Term Facility Borrower accrued hereunder, shall automatically become due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the
Term Facility Borrower. 
 During the Clean-up Period, any breach of a representation or any default which arises with respect to the Eagle Group shall not
constitute or result in a default, drawstop, right to rescission, termination or similar right or remedy or any other right of enforcement or an acceleration; provided that such breach or default (i) does not have a material adverse effect on
the consolidated business, assets or financial condition of the Group taken as a whole, such that the Group taken as a whole would be reasonably likely to be unable to perform its payment obligations under this Agreement; (ii) was not knowingly
procured or approved by the Term Facility Borrower; (iii) is capable of remedy and reasonable steps are being taken to remedy it and (iv) is not a breach of the covenants relating to the accession of Guarantors. 

ARTICLE VIII 
 The
Agents 
 SECTION 8.01. Appointment. (a) In order to expedite the transactions contemplated by this Agreement,
(i) Barclays is hereby appointed to act as Administrative Agent, (ii) HSBC is hereby appointed to act as Syndication Agent and (iii) Bank of America, N.A., JPMorgan Chase Bank and Wells Fargo Bank, National Association are each hereby
appointed to act as Documentation Agent. Each of the Lenders and each assignee of any such Lender hereby irrevocably authorizes the Administrative Agent to take such actions on behalf of such Lender or assignee and to exercise such powers as are
specifically delegated to the Administrative Agent by the terms and provisions hereof and of the other Loan Documents, together with such actions and powers as are reasonably incidental thereto. The Administrative Agent is hereby expressly
authorized by the Lenders, without hereby limiting any implied authority, (a) to receive on behalf of the Lenders all payments of principal of and interest on the Loans and all other amounts due to the Lenders, and promptly to distribute to
each its proper share of each payment so received; (b) to give notice on behalf of each of the Lenders of any Event of Default specified in this Agreement of which the Administrative Agent has actual knowledge acquired in

  
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connection with the performance of its duties as Administrative Agent hereunder; and (c) to distribute to each Lender copies of all notices, financial statements and other materials
delivered by the Term Facility Borrower pursuant to this Agreement as received by the Administrative Agent. Upon receipt by the Administrative Agent of any of the reports, notices or certificates required to be delivered by the Term Facility
Borrower under Section 5.01 (other than Section 5.01(f)) or 5.02, the Administrative Agent shall promptly deliver the such reports, notices or certificates to the Lenders. 

(b) Neither any of the Agents nor any of their respective directors, officers, employees or agents shall be liable as such for any action
taken or omitted by any of them except for its or his own gross negligence or willful misconduct, or be responsible for any statement, warranty or representation herein or the contents of any document delivered in connection herewith, or be required
to ascertain or to make any inquiry concerning the performance or observance by the Term Facility Borrower of any of the terms, conditions, covenants or agreements contained in any Loan Document. No Agent shall be deemed to have knowledge of any
Default unless and until written notice thereof is given to such Agent by the Term Facility Borrower or a Lender, and no Agent shall 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, (ii) the contents of any certificate, report or other document delivered hereunder or in connection herewith, (iii) the performance or observance of any of the covenants, agreements or other
terms or conditions set forth herein, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement or any other agreement, instrument or document, or (v) the satisfaction of any condition set forth in Article IV or
elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent under Article IV. The Agents shall in all cases be fully protected in acting, or refraining from acting, in accordance with
written instructions signed by the Required Lenders and, except as otherwise specifically provided herein, such instructions and any action or inaction pursuant thereto shall be binding on all the Lenders. Each Agent shall, in the absence of
knowledge to the contrary, be entitled to rely on any instrument or document believed by it in good faith to be genuine and correct and to have been signed or sent by the proper person or persons. Neither the Agents nor any of their respective
directors, officers, employees or agents shall have any responsibility to the Term Facility Borrower or any other Loan Party or any other party hereto on account of the failure, delay in performance or breach by, or as a result of information
provided by, any Lender of any of its obligations hereunder or to any Lender on account of the failure of or delay in performance or breach by any other Lender or the Term Facility Borrower or any other Loan Party of any of their respective
obligations hereunder or under any other Loan Document or in connection herewith or therewith. Each Agent may execute any and all duties hereunder by or through agents or employees and shall be entitled to rely upon the advice of legal counsel
selected by it with respect to all matters arising hereunder and shall not be liable for any action taken or suffered in good faith by it in accordance with the advice of such counsel. 

SECTION 8.02. Nature of Duties. The Lenders hereby acknowledge that no Agent shall be under any duty to take any discretionary action
permitted to be taken by it pursuant to the provisions of this Agreement unless it shall be requested in writing to do so by the Required Lenders. The Lenders further acknowledge and agree that so long as an Agent shall make any determination to be
made by it hereunder or under any other Loan Document in good faith, such Agent shall have no liability in respect of such determination to any person. Notwithstanding any provision to the contrary elsewhere in this Agreement, (i) no Agent
shall have any duties or responsibilities, except those expressly set forth herein, or any fiduciary relationship with any Lender, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into the Loan
Documents or otherwise exist against any Agent and (ii) none of the Syndication Agent, Documentation Agents, Lead Bookrunners or Lead Arrangers listed on the cover page hereof shall have any powers, duties or responsibilities under this
Agreement or any of the other Loan Documents, except in its capacity, as applicable, as the Administrative Agent or a Lender hereunder. 

  
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 SECTION 8.03. Resignation by the Agents. Subject to the appointment and acceptance of a
successor Agent as provided below, any Agent may resign at any time by notifying the Lenders and the Term Facility Borrower. 
 Upon any
such resignation, the Required Lenders shall have the right to appoint a successor with the consent of the Term Facility Borrower (not to be unreasonably withheld or delayed). If no successor shall have been so appointed by the Required Lenders and
approved by the Term Facility Borrower and shall have accepted such appointment within 45 days after the retiring Agent gives notice of its resignation, then the retiring Agent may, on behalf of Lenders the with the consent of the Term Facility
Borrower (not to be unreasonably withheld or delayed and provided such consent shall not be required if an Event of Default has occurred and is continuing), appoint a successor Agent which shall be a bank with an office in New York, New York and an
office in London, England (or a bank having an Affiliate with such an office) having a combined capital and surplus (including its parent company) having a Dollar Equivalent that is not less than $500,000,000 or an Affiliate of any such bank. Upon
the acceptance of any appointment as Agent hereunder by a successor bank, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent and the retiring Agent shall be discharged from its
duties and obligations hereunder. After the Agent’s resignation hereunder, the provisions of this Article and Section 9.05 shall continue in effect for its benefit in respect of any actions taken or omitted to be taken by it while it was
acting as Agent. 
 SECTION 8.04. Each Agent in its Individual Capacity. With respect to the Loans made by it hereunder, each Agent
in its individual capacity and not as Agent shall have the same rights and powers as any other Lender and may exercise the same as though it were not an Agent, and the Agents and their Affiliates may accept deposits from, lend money to and generally
engage in any kind of business with the Term Facility Borrower or any of its Subsidiaries or other Affiliates thereof as if it were not an Agent. 

SECTION 8.05. Indemnification. Each Lender agrees (a) to reimburse the Agents and their Related Parties, on demand, in the amount
of its pro rata share (based on its Commitments hereunder (or if such Commitments shall have expired or been terminated, in accordance with the respective principal amounts of its applicable outstanding Loans)) of any reasonable expenses incurred
for the benefit of the Lenders by the Agents, including counsel fees and compensation of agents and employees paid for services rendered on behalf of the Lenders, which shall not have been reimbursed by the Term Facility Borrower and (b) to
indemnify and hold harmless each Agent and any of their Related Parties, on demand, in the amount of such pro rata share, from and against any and all liabilities, Taxes, obligations, losses, damages, penalties, actions, judgments, suits, costs,
expenses or disbursements of any kind or nature whatsoever which may be imposed on, incurred by or asserted against it in its capacity as Agent or any of them in any way relating to or arising out of this Agreement or any other Loan Document or any
action taken or omitted by it or any of them under this Agreement or any other Loan Document, to the extent the same shall not have been reimbursed by the Term Facility Borrower, provided that no Lender shall be liable to an Agent or any of their
Related Parties for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from the gross negligence or wilful misconduct of such Agent or such Related Party,
as the case may be. 
 SECTION 8.06. Lack of Reliance on Agents. Each Lender acknowledges that it has, independently and without
reliance upon the Agents or any Lender 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 also acknowledges that it will, independently and
without reliance upon the Agents or any other Lender 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 or
any other Loan Document, any related agreement or any document furnished hereunder or thereunder. 

  
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 SECTION 8.07. Designation of Affiliates. The Administrative Agent shall be permitted from
time to time to designate one of its Affiliates (which includes any branches of the Administrative Agent or any of its Affiliates) to perform the duties to be performed by the Administrative Agent hereunder with respect to any matters under the Loan
Documents. The provisions of this Article VIII shall apply to any such Affiliate mutatis mutandis. 
 ARTICLE IX 

Miscellaneous 
 SECTION
9.01. Notices. (a) Subject to 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 telecopy, as follows: 
 (i) if to the Term Facility Borrower, to it at: 

c/o Perrigo Company 
 515
Eastern Avenue 
 Allegan, Michigan 49101 

Attention: Michael Kelly, assistant treasurer 

Facsimile: 269-673-1440 

E-mail: michael.kelly@perrigo.com; 

(ii) if to the Administrative Agent, to it at: 

Barclays Bank PLC, 
 as
Administrative Agent and a Lender: 
 Barclays Bank PLC 

745 Seventh Ave 
 New York, New
York 10019 
 Attention: Vanessa Kurbatskiy 

Facsimile: 212-526-2799 

Telephone: 212-526-1126 
 Email:
vanessa.kurbatskiy@barclays.com / ltmny@barclays.com 
 with a copy to: (for payments and requests for credit extensions): 

Barclays Bank PLC 
 1301 Sixth
Avenue 
 New York, New York 10019 

Attention: Justin Snell / Barclays Agency Services 

Facsimile: 917-522-0569 

Telephone: 212-320-0708 
 Email:
justin.snell@barclays.com / xrausloanops5@barclays.com 
 (iii) if to any other Lender, to it at its address (or telecopy
number) set forth in its Administrative Questionnaire. 

  
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 (b) Notices and other communications to the Lenders hereunder may be delivered or furnished by
electronic communications pursuant to procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices pursuant to Article II unless otherwise agreed by the Administrative Agent and the applicable
Lender. The Administrative Agent or the Term Facility 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. 
 (c) Any party hereto may change its address or telecopy number
for notices and other communications hereunder by notice to the other parties hereto. All notices and other communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to have been given on the date
of receipt. 
 SECTION 9.02. Waivers; Amendments. (a) No failure or delay by any Agent or any Lender in exercising any right or
power hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or
the exercise of any other right or power. The rights and remedies of the Agents and the Lenders hereunder are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or
consent to any departure by the Term Facility Borrower therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section, and then such waiver or consent shall be effective only in the specific
instance and for the purpose for which given. Without limiting the generality of the foregoing, the making of a Loan shall not be construed as a waiver of any Default, regardless of whether the Agent or Lender may have had notice or knowledge of
such Default at the time. 
 (b) Neither this Agreement nor any provision hereof may be waived, amended or modified except pursuant to an
agreement or agreements in writing entered into by the Term Facility Borrower and the Required Lenders or by the Term Facility Borrower and the Administrative Agent with the consent of the Required Lenders; provided that no such agreement
shall (i) increase the Commitment of any Lender without the written consent of such Lender directly affected thereby, (ii) reduce the principal amount of any Loan or reduce the rate of interest thereon, or reduce any fees payable
hereunder, without the written consent of each Lender directly affected thereby, (iii) postpone the scheduled date of payment of the principal amount of any Loan or any interest thereon, or any fees payable hereunder, or reduce the amount of,
waive or excuse any such payment, or postpone the scheduled date of expiration of any Commitment, without the written consent of each Lender directly affected thereby, (iv) change Section 2.15(b) or (c) in a manner that would alter
the pro rata sharing of payments required thereby, without the written consent of each Lender directly affected thereby (it being understood and agreed that (x) any increase in the total Commitments and related modifications approved by each
Lender increasing any of its Commitments and by the Required Lenders shall not be deemed to alter the manner in which payments are shared or alter any other pro rata sharing of payments and (y) any “amend-and-extend” transaction that
extends the Maturity Date only for those Lenders that agree to such an extension (which extension may include increased pricing and fees for such extending Lenders, and which extension shall not apply to those Lenders that do not approve such
extension) shall not be deemed to alter the manner in which payments are shared or alter any other pro rata sharing of payments), (v) release all or substantially all Guarantors from their obligations under any Guaranty, except to the extent
permitted hereunder (whether pursuant to any sale or other transfer of the relevant Guarantor permitted hereunder or as otherwise permitted hereunder) or with the consent of all the Lenders or (vi) change any of the provisions of this Section
or the definition of “Required Lenders” or any other provision hereof specifying the number or percentage of Lenders required to waive, amend or modify any rights hereunder or make any determination or grant any consent hereunder, without
the 

  
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written consent of each Lender directly affected thereby; provided further that no such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative
Agent or any other Agent hereunder without the prior written consent of the Administrative Agent and such other Agent, as the case may be. 

(c) Notwithstanding anything herein to the contrary, Defaulting Lenders shall not be entitled to vote (whether to consent or to withhold its
consent) with respect to any amendment, modification, termination or waiver and, for purposes of determining the Required Lenders, the Commitments and the Loans of such Defaulting Lender shall be disregarded except as provided in
Section 2.18(b) 
 (d) Notwithstanding anything to the contrary herein or in any other Loan Document, the Administrative Agent may,
with the consent of the Term Facility Borrower only, amend, modify or supplement this Agreement or any of the other Loan Documents as may be reasonably necessary or advisable to cure any error, ambiguity, omission, defect or inconsistency in order
to more accurately reflect the intent of the parties, provided that (x) prior written notice of such proposed cure shall be given to the Lenders and (y) the Required Lenders do not object to such cure in writing to the Administrative Agent
within five Business Days of such notice. 
 SECTION 9.03. Expenses; Indemnity; Damage Waiver. (a) The Term Facility Borrower
shall pay (i) all reasonable out-of-pocket expenses incurred by the Lead Bookrunners, Administrative Agent, the Syndication Agent, the Documentation Agents and their respective Affiliates, including the reasonable fees, charges and
disbursements of counsel for the Lead Bookrunners, Administrative Agent, the Syndication Agent and the Documentation Agents, in connection with the syndication of the credit facilities provided for herein, the preparation and administration of the
Loan Documents or any amendments, modifications or waivers of the provisions thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) and (ii) all reasonable out-of-pocket expenses incurred by the Lead
Bookrunners, Agents or any Lender, including the reasonable fees, charges and disbursements of any counsel for any Lead Bookrunners, Agent or Lender, in connection with the enforcement or protection of its rights in connection with this Agreement,
including its rights under this Section, or in connection with the Loans made hereunder, including all such reasonable out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans; provided that the
obligation to pay fees, disbursements and other charges of legal counsel shall be limited to the fees, disbursements and other charges of one counsel to the Administrative Agent, the Syndication Agent, the Lead Bookrunners, the Documentation Agents
and all Lenders and one additional Irish counsel to the Administrative Agent, the Syndication Agent, the Lead Bookrunners and the Documentation Agents (and, if reasonably necessary, of one additional local counsel in any other relevant jurisdiction)
(and in the case of any actual or perceived conflict, an additional conflicts counsel with respect to each of the above). 
 (b) The Term
Facility Borrower shall indemnify each Lead Arranger, Agent and Lender, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all
liabilities, Taxes, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever which may be imposed on, incurred by or asserted against it, including the reasonable fees,
charges and disbursements of any counsel for any Indemnitee, incurred by or asserted against any Indemnitee arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement or any agreement or instrument
contemplated hereby, the performance by the parties hereto of their respective obligations hereunder or the consummation of the Transactions or any other transactions contemplated hereby, (ii) any Loan or the use of the proceeds therefrom,
(iii) any actual or alleged presence or release of Hazardous Materials on or from any property owned or operated by the Term Facility Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to

  
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the Term Facility Borrower or any of its Subsidiaries, or (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 and regardless of whether any Indemnitee is a party thereto and whether brought by any Loan Party or any other Person, or in any other way relating to or arising out of this Agreement or any other Loan Document or
any action taken or omitted by it under this Agreement or any other Loan Document; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are
determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or wilful misconduct of such Indemnitee. No Indemnitee shall be liable for any damages arising from the use by unintended
recipients of any information or other materials obtained through any information transmission system in connection with the Loan Documents or the transactions contemplated thereby unless determined by a court of competent jurisdiction by final and
nonappealable judgment to have resulted from the gross negligence or wilful misconduct of such Indemnitee. This Section 9.03(b) shall not apply with respect to Taxes other than any Taxes that represent losses or damages arising from any non-Tax
claim. 
 (c) To the extent that the Term Facility Borrower fails to pay any amount required to be paid by it to any Lead Arranger or Agent
under paragraph (a) or (b) of this Section, each Lender severally agrees to pay to such Agent such Lender’s Applicable Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of
such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against a Lead Arranger or an Agent in its capacity as such. 

(d) To the extent permitted by applicable law, the Term Facility Borrower shall not assert, and hereby waives, any claim against any
Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument
contemplated hereby, the Transactions, any Loan or the use of the proceeds thereof. 
 (e) All amounts due under this Section shall be
payable promptly after written demand therefor. 
 SECTION 9.04. Successors and Assigns. (a) The provisions of this Agreement
shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that (i) the Term Facility Borrower may not assign or otherwise transfer any of their rights or
obligations hereunder without the prior written consent of each Lender (and any attempted assignment or transfer by the Term Facility Borrower without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its
rights or obligations hereunder except in accordance with this Section. Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted
hereby, Participants (to the extent provided in paragraph (c) 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) (i) Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may assign
to one or more assignees (other than an Ineligible Institution) all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it) with the prior written consent
(such consent not to be unreasonably withheld or delayed) of: 
 (A) the Term Facility Borrower, provided that (x) no
consent of the Term Facility Borrower shall be required for an assignment to a Lender, an Affiliate of a 

  
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Lender, an Approved Fund or, if an Event of Default under Article VII(a), (b), (h), (i) or (j) has occurred and is continuing, and (y) the Term Facility Borrower shall be deemed to
have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within five Business Days after having received notice thereof; and 

(B) the Administrative Agent, provided that no consent of the Administrative Agent shall be required for an assignment of all
or any portion of a Loan to a Lender, an Affiliate of a Lender or an Approved Fund; and 
 As used herein, “Ineligible Institution” means a
(a) natural person or (b) holding company, investment vehicle or trust for, or owned and operated for the primary benefit of, a natural person or relative(s) thereof; provided that, such holding company, investment vehicle or trust
shall not constitute an Ineligible Institution if it (x) has not been established for the primary purpose of acquiring any Loans or Commitments, (y) is managed by a professional advisor, who is not such natural person or a relative
thereof, having significant experience in the business of making or purchasing commercial loans, and (z) has assets greater than $25,000,000 and a significant part of its activities consist of making or purchasing commercial loans and similar
extensions of credit in the ordinary course of its business. 
 (ii) Assignments shall be subject to the following additional
conditions: 
 (A) except in the case of an assignment to a Lender or an Affiliate of a Lender or an assignment of the
entire remaining amount of the assigning Lender’s Commitment of Loans of any Class, the amount of the Commitment or Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption with
respect to such assignment is delivered to the Administrative Agent) shall not be less than $5,000,000, unless each of the Term Facility Borrower and the Administrative Agent otherwise consent, provided that no such consent of the Term Facility
Borrower shall be required if an Event of Default has occurred and is continuing and the Term Facility Borrower shall be deemed to have consented unless it shall object thereto by written notice to the Administrative Agent within five Business Days
after having received notice thereof; 
 (B) 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; provided that this clause shall not be construed to prohibit the assignment of a proportionate part of all the assigning Lender’s rights and obligations in respect
of one Class of Commitments or Loans; 
 (C) 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; and 
 (D) the assignee, if it
shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire. For the purposes of this Section 9.04(b), the term “Approved Fund” means any Person (other than a natural person) that is engaged
in making, purchasing, holding or investing in bank loans and similar extensions of credit in the ordinary course of its business and that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an
Affiliate of an entity that administers or manages a Lender. 

  
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 (iii) Subject to acceptance and recording thereof pursuant to paragraph (b)(iv)
of this Section, from and after the effective date specified in each Assignment and Assumption the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and
obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an
Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.12, 2.13, 2.14 and 9.03).
Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 9.04 shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and
obligations in accordance with paragraph (c) of this Section. 
 (iv) The Administrative Agent, acting for this purpose
as a non-fiduciary agent of the Term Facility Borrower, shall maintain at one of its offices a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitment
of, and principal amount of the Loans, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive, and the Term Facility Borrower, the Administrative Agent and the
Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by
the Term Facility Borrower and any Lender, at any reasonable time and from time to time upon reasonable prior notice. 
 (v)
Upon its receipt of a duly completed Assignment and Assumption executed by an assigning Lender and an assignee, the assignee’s completed Administrative Questionnaire (unless the assignee shall already be a Lender hereunder), the processing and
recordation fee referred to in paragraph (b) of this Section and any written consent to such assignment required by paragraph (b) of this Section, the Administrative Agent shall accept such Assignment and Assumption and record the
information contained therein in the Register; provided that if either the assigning Lender or the assignee shall have failed to make any payment required to be made by it pursuant to Section 2.04(b), 2.15(d) or 9.03(c), the
Administrative Agent shall have no obligation to accept such Assignment and Assumption and record the information therein in the Register unless and until such payment shall have been made in full, together with all accrued interest thereon. No
assignment shall be effective for purposes of this Agreement unless it has been recorded in the Register as provided in this paragraph. 

(c) Any Lender may, without the consent of or notice to the Term Facility Borrower and the Administrative Agent, sell participations to one or
more banks or other entities (a “Participant”), other than an Ineligible Institution, in all or a portion of such Lender’s rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans owing
to it); provided that (A) such Lender’s obligations under this Agreement shall remain unchanged; (B) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations; and
(C) the Term Facility Borrower, the Administrative Agent 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. 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 the first proviso to Section 9.02(b) that affects such
Participant. The Term Facility Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.12, 

  
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2.13 and 2.14 (subject to the requirements and limitations therein, including the requirements under Section 2.14(f) (it being understood that the documentation required under
Section 2.14(f) 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 Sections 2.15 and 2.16 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 2.12 or 2.14, 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. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 9.08 as though it were a Lender, provided such Participant agrees to be subject to Section 2.15(c) 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 Term Facility Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts
(and stated interest) of each Participant’s interest in the Loans or other obligations under this Agreement (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the
Participant Register to any Person (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) except to the
extent that such disclosure is necessary to establish that such Commitment, Loan or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be
conclusive absent manifest error, and such Lender shall treat each person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. 

(d) 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 or any other central bank, and this Section shall not apply to any such pledge or assignment of a security interest;
provided that no such pledge or assignment of a security interest shall release a Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 

SECTION 9.05. Survival. All covenants, agreements, representations and warranties made by the Term Facility Borrower herein and in the
certificates or other instruments delivered in connection with or pursuant to this Agreement shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of this Agreement and the making of
any Loans, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the Administrative Agent or any Lender may have had notice or knowledge of any Default or incorrect representation or warranty at the
time any credit is extended hereunder, and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan or any fee or any other amount payable under this Agreement is outstanding and so long as the
Commitments have not expired or terminated. The provisions of Sections 2.12, 2.13, 2.14 and 9.03 and Article VIII shall survive and remain in full force and effect regardless of the consummation of the transactions contemplated hereby, the repayment
of the Loans, the expiration or termination of the Commitments or the termination of this Agreement or any provision hereof. 
 SECTION
9.06. Counterparts; Integration; Effectiveness. This Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall
constitute a single contract. This Agreement and any separate letter agreements with respect to fees and the terms of the facilities set forth herein 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 

  
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subject matter hereof. Except as provided in Section 4.01, this Agreement shall become effective when it shall have been executed by the Administrative Agent and when the Administrative
Agent shall have received counterparts hereof which, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors
and assigns. Delivery of an executed counterpart of a signature page of this Agreement by telecopy or .pdf shall be effective as delivery of a manually executed counterpart of this Agreement. 

SECTION 9.07. Severability. Any provision of this Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as
to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a
particular jurisdiction shall not invalidate such provision in any other jurisdiction. 
 SECTION 9.08. Right of Setoff. If an Event
of Default shall have occurred and be continuing, each Lender and each of its Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special,
time or demand, provisional or final) at any time held and other obligations at any time owing by such Lender or Affiliate to or for the credit or the account of the Term Facility Borrower against any of and all the obligations of the Term Facility
Borrower now or hereafter existing under this Agreement held by such Lender, irrespective of whether or not such Lender shall have made any demand under this Agreement and although such obligations may be unmatured. The rights of each Lender under
this Section are in addition to other rights and remedies (including other rights of setoff) which such Lender may have. 
 SECTION 9.09.
Governing Law; Jurisdiction; Consent to Service of Process. (a) This Agreement shall be construed in accordance with and governed by the law of the State of New York. 

(b) Each of the parties hereto hereby (i) irrevocably and unconditionally submits, for itself and its property, to the exclusive
jurisdiction of (a) the Supreme Court of the State of New York, New York County, located in the Borough of Manhattan and (b) the United States District Court for the Southern District of New York, located in the Borough of Manhattan, and
any appellate court from any such court, in any action, suit, proceeding or claim arising out of or relating to the Transactions or the other transactions contemplated by this Letter or the performance of services hereunder and agrees that all
claims in respect of any such action, suit, proceeding or claim may be heard and determined in such New York State court or, to the extent permitted by law, in such Federal court, (ii) waives, to the fullest extent that it may legally and
effectively do so, any objection that it may now or hereafter have to the laying of venue of any action, suit, proceeding or claim arising out of or relating to this Letter or the transactions contemplated hereby or the performance of services
hereunder in any such New York State or Federal court and (iii) waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of any such action, suit, proceeding or claim in any such court. Each of the
parties hereto agrees to commence any such action, suit, proceeding or claim either in the United States District Court for the Southern District of New York or in the Supreme Court of the State of New York, New York County located in the Borough of
Manhattan. A final judgment in any such suit, action or proceeding brought in any such court may be enforced in any other courts to whose jurisdiction you are or may be subject, by suit upon judgment. Nothing in this Agreement shall affect any right
that the Administrative Agent or any Lender may otherwise have to bring any action or proceeding relating to this Agreement against the Term Facility Borrower or its properties in the courts of any jurisdiction. 

(c) Each party to this Agreement irrevocably consents to service of process in the manner provided for notices in Section 9.01. Nothing
in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 

  
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 SECTION 9.10. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY 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 THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY
OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING
WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

SECTION 9.11. Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference only, are
not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. 

SECTION 9.12. Confidentiality. Each of the Administrative Agent and the Lenders agrees to maintain the confidentiality of the
Information (as defined below), except that Information may be disclosed (a) to its and its Affiliates’ directors, officers, employees and agents, including accountants, legal counsel and other advisors (it being understood that the
Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent requested by any regulatory authority, (c) to the extent
required by applicable laws or regulations or by any subpoena or similar legal process, (d) to any other party to this Agreement, (e) in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to
this Agreement or the enforcement of rights hereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section, to (i) any assignee of or Participant in, or any prospective assignee of or
Participant in, any of its rights or obligations under this Agreement or (ii) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating to the Term Facility Borrower, its Subsidiaries or their
obligations, (g) with the consent of the Term Facility Borrower or (h) to the extent such Information (i) becomes publicly available other than as a result of a breach of this Section or (ii) becomes available to the
Administrative Agent or any Lender on a nonconfidential basis from a source other than the Term Facility Borrower. For the purposes of this Section, “Information” means all information received from the Term Facility Borrower
relating to the Term Facility Borrower or any of its Subsidiaries or their business, other than any such information that is available to the Administrative Agent or any Lender on a nonconfidential basis prior to disclosure by the Term Facility
Borrower. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the
confidentiality of such Information as such Person would accord to its own confidential information. 
 SECTION 9.13. Interest Rate
Limitation. Notwithstanding anything herein to the contrary, if at any time the interest rate applicable to any Loan, together with all fees, charges and other amounts which are treated as interest on such Loan under applicable law (collectively
the “Charges”), shall exceed the maximum lawful rate (the “Maximum Rate”) which may be contracted for, charged, taken, received or reserved by the Lender holding such Loan in accordance with applicable law, the rate
of interest payable in 

  
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respect of such Loan hereunder, together with all Charges payable in respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and Charges that would have been
payable in respect of such Loan but were not payable as a result of the operation of this Section shall be cumulated and the interest and Charges payable to such Lender in respect of other Loans or periods shall be increased (but not above the
Maximum Rate therefor) until such cumulated amount, together with interest thereon at the Federal Funds Effective Rate to the date of repayment, shall have been received by such Lender. 

SECTION 9.14. USA PATRIOT Act. Each Lender that is subject to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56
(signed into law October 26, 2001)) (the “Patriot Act”) hereby notifies the Term Facility Borrower and each Guarantor that pursuant to the requirements of the Patriot Act, it is required to obtain, verify and record information
that identifies the Term Facility Borrower and each Guarantor, which information includes the name and address of the Term Facility Borrower and each Guarantor and other information that will allow such Lender to identify the Term Facility Borrower
and each Guarantor in accordance with the Patriot Act. 
 SECTION 9.15. Conversion of Currencies. (a) If, for the purpose of
obtaining judgment in any court, it is necessary to convert a sum owing hereunder in one currency into another currency, each party hereto agrees, to the fullest extent that it may effectively do so, that the rate of exchange used shall be that at
which in accordance with normal banking procedures in the relevant jurisdiction the first currency could be purchased with such other currency on the Business Day immediately preceding the day on which final judgment is given. 

(b) The obligations of the Term Facility Borrower in respect of any sum due to any party hereto or any holder of the obligations owing
hereunder (the “Applicable Creditor”) shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other than the currency in which such sum is stated to be due hereunder (the “Agreement
Currency”), be discharged only to the extent that, on the Business Day following receipt by the Applicable Creditor of any sum adjudged to be so due in the Judgment Currency, the Applicable Creditor may in accordance with normal banking
procedures in the relevant jurisdiction purchase the Agreement Currency with the Judgment Currency; if the amount of the Agreement Currency so purchased is less than the sum originally due to the Applicable Creditor in the Agreement Currency, the
Term Facility Borrower agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Applicable Creditor against such loss. The obligations of the Term Facility Borrower contained in this Section 9.15 shall survive
the termination of this Agreement and the payment of all other amounts owing hereunder. 
 SECTION 9.16. No Advisory or Fiduciary
Responsibility. In connection with all aspects of each transaction contemplated hereby (including in connection with any amendment, waiver or other modification hereof or of any other Loan Document), the Term Facility Borrower acknowledges and
agrees, and acknowledge its Affiliates’ understanding, that: (a) (i) no fiduciary, advisory or agency relationship between the Term Facility Borrower and its Subsidiaries and any Agent, any Lead Arranger or any Lender is intended to
be or has been created in respect of the transactions contemplated hereby or by the other Loan Documents, irrespective of whether any Agent, any Lead Arranger or any Lender has advised or is advising the Term Facility Borrower or any Subsidiary on
other matters, (ii) the arranging and other services regarding this Agreement provided by the Agents, Lead Arrangers and the Lenders are arm’s-length commercial transactions between the Term Facility Borrower and its Affiliates, on the one
hand, and the Agents, the Lead Arrangers and the Lenders, on the other hand, (iii) the Term Facility Borrower has consulted its own legal, accounting, regulatory and tax advisors to the extent that it has deemed appropriate and (iv) the
Term Facility Borrower is capable of evaluating, and understand and accept, the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents; and (b) (i) the Agents, the Lead Arrangers and the Lenders
each is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not 

  
 75 

 
been, is not, and will not be acting as an advisor, agent or fiduciary for the Term Facility Borrower or any of its Affiliates, or any other Person; (ii) none of the Agents, the Lead
Arrangers and the Lenders has any obligation to the Term Facility Borrower or any of its Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents; and
(iii) the Agents, the Lead Arrangers and the Lenders and their respective Affiliates may be engaged, for their own accounts or the accounts of customers, in a broad range of transactions that involve interests that differ from those of the Term
Facility Borrower and its Affiliates, and none of the Agents, the Lead Arrangers and the Lenders has any obligation to disclose any of such interests to the Term Facility Borrower or its Affiliates. To the fullest extent permitted by Law, the
Term Facility Borrower hereby waives and releases any claims that it may have against the Agents, the Lead Arrangers and the Lenders with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any
transaction contemplated hereby. 

  
 76 

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

					
	PERRIGO COMPANY LIMITED
		
	By:	 	 /s/ Judy L. Brown

		 	Name:	 	Judy L. Brown
		 	Title:	 	Director

 
					
	BARCLAYS BANK PLC, as a Lender and as Administrative Agent
		
	By:	 	 /s/ Thomas T. Hou

		 	Name:	 	Thomas T. Hou
		 	Title:	 	Managing Director

 Signature Page to Credit Agreement 

  
 2 

 
					
	HSBC BANK USA, N.A., as a Lender and as Syndication Agent
		
	By:	 	 /s/ Andrew T. Bicker

		 	Name:	 	Andrew T. Bicker
		 	Title:	 	Senior Vice President

 
					
	BANK OF AMERICA, N.A., as a Lender and as Documentation Agent
		
	By:	 	 /s/ Zubin R. Shroff

		 	Name:	 	Zubin R. Shroff
		 	Title:	 	Director

 
					
	JPMORGAN CHASE BANK, N.A., as a Lender and as Documentation Agent
		
	By:	 	 /s/ Krys Szremski

		 	Name:	 	Krys Szremski
		 	Title:	 	Vice President

 Signature Page to Credit Agreement 

  
 2 

 
					
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Lender and as Documentation Agent
		
	By:	 	 /s/ Kirk Tesch

		 	Name:	 	Kirk Tesch
		 	Title:	 	Director

 Signature Page to Credit Agreement 

  
 3 

 Exhibit A – Assignment and Assumption 

ASSIGNMENT AND ASSUMPTION 
 This
Assignment and Assumption (the “Assignment and Assumption”) is dated as of the Assignment Date set forth below and is entered into by and between [Insert name of Assignor] (the “Assignor”) and [Insert name
of Assignee] (the “Assignee”). Capitalized terms used but not defined herein shall have the meanings given to them in the Term Loan Credit Agreement identified below (as amended, the “Credit Agreement”), receipt
of a copy of which is hereby acknowledged by the 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, and the 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 Assignment 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 any letters of credit, guarantees, and swingline loans 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 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 pursuant to clauses (i) and (ii) above being referred
to herein collectively as the “Assigned Interest”). Such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by the
Assignor. 
  

					
	1.	  	Assignor:	  	                                      
                                         
 
			
	2.	  	Assignee:	  	                                      
                                         
 
		  		  	[and is an Affiliate/Approved Fund of                     ]
			
	3.	  	Borrower:	  	Perrigo Company Limited
			
	4.	  	Administrative Agent:	  	 Barclays Bank PLC, as the administrative agent under the Credit Agreement

			
	5.	  	Credit Agreement:	  	The Term Loan Credit Agreement dated as of September 6, 2013 among Perrigo Company Limited, the Lenders party thereto, Barclays Bank PLC, as Administrative Agent, HSBC Bank USA, N.A., as Syndication Agent and the other agents party
thereto from time to time.

	6.	Assigned Interest: 

  

													
	 Facility Assigned
	  	Aggregate Amount of
Commitment/Loans for
all Lenders	 	  	Amount of
Commitment/Loans
Assigned	 	  	Percentage Assigned of
Commitment/Loan	 
		  	$	            	  	  	$	            	  	  	 	    	% 
		  	$	            	  	  	$	            	  	  	 	    	% 
		  	$	            	  	  	$	            	  	  	 	    	% 

 Assignment Date:                  ,
20     (the “Assignment Date”) [TO BE INSERTED BY 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:	 	  

		 	Title:
	
	ASSIGNEE
	
	[NAME OF ASSIGNEE]
		
	By:	 	  

		 	Title:

 Consented2 to and Accepted: 

 

			
	BARCLAYS BANK PLC, as
	Administrative Agent
		
	By	 	  

		 	Title:

 Consented3 to: 

 

			
	PERRIGO COMPANY LIMITED
		
	By	 	  

		 	Title:

  

	2 	If required. 

	3 	If required. 

 ANNEX 1 

STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ASSUMPTION 
 1.
Representations and Warranties. 
 1.1 Assignor. The Assignor (a) represents and warrants that (i) it is the legal
and beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (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 (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 the Borrower, any of its
Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by the Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations
under any Loan Document. 
 1.2. Assignee. The Assignee (a) represents and warrants that (i) it has full power and
authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it satisfies the requirements,
if any, specified in the Credit Agreement that are required to be satisfied by it in order to acquire the Assigned Interest and become a Lender, (iii) from and after the Assignment Date, it shall be bound by the provisions of the Credit
Agreement as a Lender thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it has received a copy of the Credit Agreement, together with copies of the most recent financial statements
delivered pursuant to Section 5.01 thereof, as applicable, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase the
Assigned Interest on the basis of which it has made such analysis and decision independently and without reliance on the Administrative Agent or any other Lender, and (v) 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 Assignee; and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent,
the Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform
in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender. 

2. Payments. From and after the Assignment Date, the Administrative Agent shall make all payments in respect of the Assigned Interest
(including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Assignment Date and to the Assignee for amounts which have accrued from and after the Assignment Date. 

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 B – Form of Note 

NOTE 

[Date]                     

Perrigo Company Limited, a private limited company formed under the law of Ireland (the “Borrower”), promises to pay
                                         (the
“Lender”) the aggregate unpaid principal amount of all Loans made by the Lender to the Borrower pursuant to the Credit Agreement (as hereinafter defined), in immediately available funds at the office of Barclays Bank PLC, as
Administrative Agent, designated in the Credit Agreement, together with interest on the unpaid principal amount hereof at the rates and on the dates set forth in the Credit Agreement. The Borrower shall pay the principal of and accrued and unpaid
interest on the Loans in the amounts and at the times required under the Credit Agreement. 
 The Lender shall, and is hereby authorized to
record in accordance with its usual practice, the date and amount of each Loan and the date and amount of each principal payment hereunder. 

This Note is one of the Notes issued pursuant to, and is entitled to the benefits of, the Term Loan Credit Agreement dated as of
September 6, 2013 (the “Credit Agreement”) by and among Perrigo Company Limited, a private limited company formed under the law of Ireland (the “Borrower”), the Lenders (together with their respective
successors and assigns, the “Lenders”), Barclays Bank PLC, as Administrative Agent (in such capacity, the “Administrative Agent”), HSBC Bank USA, N.A., as Syndication Agent, and the other agents party thereto from
time to time, to which Credit Agreement reference is hereby made for a statement of the terms and conditions governing this Note, including the terms and conditions under which this Note may be prepaid or its maturity date accelerated. This Note is
guaranteed as more specifically described in the Credit Agreement and other Loan Documents, and reference is made thereto for a statement of the terms and provisions thereof. Capitalized terms used herein and not otherwise defined herein are used
with the meanings attributed to them in the Credit Agreement. 
  

			
	  

		
	By:	 	  

	Print Name:	 	  

	Title:	 	  

 Exhibit C – Mandatory Cost Rate 

ARTICLE II MANDATORY COST 
 1. The
Mandatory Cost Rate (to the extent applicable) is an addition to the interest rate to compensate Lenders for the cost of compliance with (a) the requirements of the Bank of England and/or the Financial Services Authority (or, in either case,
any other authority which replaces all or any of its functions) or (b) the requirements of the European Central Bank. 
 2. On the first day of each
Interest Period (or as soon as possible thereafter) the Administrative Agent shall calculate, as a percentage rate, a rate (the “Associated Costs Rate”) for each Lender, in accordance with the paragraphs set out below. The Mandatory Cost
Rate will be calculated by the Administrative Agent as a weighted average of the Lenders’ Associated Costs Rates (weighted in proportion to the percentage participation of each Lender in the relevant Loan) and will be expressed as a percentage
rate per annum. The Administrative Agent will, at the request of the applicable Borrower, deliver to such Borrower a statement setting forth the calculation of Mandatory Cost Rate. 

3. The Associated Costs Rate for any Lender lending from a Facility Office in a Participating Member State will be the percentage notified by that Lender to
the Administrative Agent. This percentage will be certified by that Lender in its notice to the Administrative Agent to be its reasonable determination of the cost (expressed as a percentage of that Lender’s participation in all Loans made from
that Facility Office) of complying with the minimum reserve requirements of the European Central Bank in respect of loans made from that Facility Office. 

4. The Associated Costs Rate for any Lender lending from a Facility Office in the United Kingdom will be calculated by the Administrative Agent as follows:

  

					
		 	A x 0.01
	per cent.	 	per annum.	 	
		 	    300	 	
			
	Where:	 		 	

 A is designed to compensate Lenders for amounts payable under the Fees Rules and is calculated by the Administrative Agent as
being the average of the most recent rates of charge supplied by the Reference Banks to the Administrative Agent pursuant to paragraph 6 below and expressed in pounds per £1,000,000. 

5. For the purposes of this Exhibit: 
 (b) “Facility
Office” means the office or offices notified by a Lender to the Administrative Agent in writing on or before the date it becomes a Lender (or, following that date, by not less than five Business Days’ written notice) as the office or
offices through which it will perform its obligations under this Agreement. 

 (c) “Fees Rules” means the rules on periodic fees contained in the FSA Supervision Manual or such other
law or regulation as may be in force from time to time in respect of the payment of fees for the acceptance of deposits; 
 (d) “Fee Tariffs”
means the fee tariffs specified in the Fees Rules under the activity group A.1 Deposit acceptors (ignoring any minimum fee or zero rated fee required pursuant to the Fees Rules but taking into account any applicable discount rate); 

(e) “Participating Member State” means any member state of the European Union that adopts or has adopted the euro as its lawful currency in
accordance with legislation of the European Union relating to economic and monetary union. 
 (f) “Reference Banks” means, in relation to
Mandatory Cost Rate, the principal London offices of Barclays Bank PLC. 
 (g) “Tariff Base” has the meaning given to it in, and will be
calculated in accordance with, the Fees Rules. 
 6. If requested by the Administrative Agent, each Reference Bank shall, as soon as practicable after
publication by the Financial Services Authority, supply to the Administrative Agent, the rate of charge payable by that Reference Bank to the Financial Services Authority pursuant to the Fees Rules in respect of the relevant financial year of the
Financial Services Authority (calculated for this purpose by that Reference Bank as being the average of the Fee Tariffs applicable to that Reference Bank for that financial year) and expressed in pounds per £1,000,000 of the Tariff Base of
that Reference Bank. 
 7. Each Lender shall supply any information required by the Administrative Agent for the purpose of calculating its Associated Costs
Rate. In particular, but without limitation, each Lender shall supply the following information on or prior to the date on which it becomes a Lender: 
 (a)
the jurisdiction of its Facility Office; and 
 (b) any other information that the Administrative Agent may reasonably require for such purpose. 

Each Lender shall promptly notify the Administrative Agent of any change to the information provided by it pursuant to this paragraph. 

8. The Administrative Agent shall have no liability to any person if such determination results in an Associated Costs Rate which over or under compensates
any Lender and shall be entitled to assume that the information provided by any Lender or Reference Bank pursuant to paragraphs 3, 6 and 7 above is true and correct in all respects. 

9. The Administrative Agent shall distribute the additional amounts received as a result of the Mandatory Cost Rate to the Lenders on the basis of the
Associated Costs Rate for each Lender based on the information provided by each Lender and each Reference Bank, as applicable, pursuant to paragraphs 3, 6 and 7 above. 

10. Any determination by the Administrative Agent pursuant to this Exhibit in relation to a formula, the Mandatory Cost Rate, an Associated Costs Rate or any
amount payable to a Lender shall, in the absence of manifest error, be conclusive and binding on all parties hereto. 

 11. The Administrative Agent may from time to time, after consultation with the Borrower and the relevant
Lenders, determine and notify to all parties hereto any amendments which are required to be made to this Exhibit C in order to comply with any change in law, regulation or any requirements from time to time imposed by the Bank of England, the
Financial Services Authority or the European Central Bank (or, in any case, any other authority which replaces all or any of its functions) and any such determination shall, in the absence of manifest error, be conclusive and binding on all parties
hereto. 

 Exhibit D – Form of Joinder Agreement 

FORM OF JOINDER AGREEMENT 

JOINDER AGREEMENT, dated as of [            ], 20[    ], by
[ADDITIONAL GUARANTOR[s]] a [jurisdiction][corporation][partnership][LLC] ([each an][the] “Additional Guarantor”), in favor of BARCLAYS BANK PLC., as Administrative Agent (in such capacity, the “Administrative
Agent”) for the Lenders under the Credit Agreement referred to below. All capitalized terms not defined herein shall have the meaning ascribed to them in such Credit Agreement. 

PRELIMINARY STATEMENTS 

A. WHEREAS, Perrigo Company Limited, a private limited company organized under the laws of Ireland (the “Borrower”), the
Lenders and the Administrative Agent and the other agents party thereto, have entered into a Term Loan Credit Agreement, dated as of September 6, 2013 (as amended, restated, supplemented or otherwise modified from time to time, the
“Credit Agreement”). 
 B. WHEREAS certain subsidiaries of the Borrower have previously entered into a Guaranty (the
“Guaranty”) dated the date of the Credit Agreement in favor of the Administrative Agent pursuant to which they have guaranteed the Guaranteed Obligations as set forth therein. 

B. WHEREAS, the Credit Agreement requires [each][the] Additional Guarantor to become a party to the Guaranty. 

C. WHEREAS, [each][the] Additional Guarantor has agreed to execute and deliver this Joinder Agreement in order to become a party to the
Guaranty. 
 ACCORDINGLY, IT IS AGREED: 

1. Guaranty. By executing and delivering this Joinder Agreement, [each][the] Additional Guarantor, as provided in Section 15 of
the Guaranty, hereby becomes a party to the Guaranty as a “Guarantor” thereunder with the same force and effect as if originally named therein as a Guarantor and, without limiting the generality of the foregoing, hereby expressly assumes
all obligations and liabilities of a Guarantor thereunder. [All notices and other communications provided to the Additional Guarantor[s] shall be at the address set forth pursuant to Section 9.01 of the Credit Agreement.] [Each][The] Additional
Guarantor hereby represents and warrants that each of the representations and warranties made by it as a Guarantor in Section 10 of the Guaranty are true and correct in all material respects on and as of the date hereof (after giving effect to
this Joinder Agreement) as if made on and as of such date, except where such representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material
respects as of such earlier date). 
 2. GOVERNING LAW. THIS GUARANTY SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS
OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO THE CHOICE OF LAW PRINCIPLES OF SUCH STATE. 

 IN WITNESS WHEREOF, [each][the] undersigned [party] has caused this Joinder Agreement to be duly
executed and delivered as of the date first above written. 
  

					
	[ADDITIONAL GUARANTOR[S]]
		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

 Exhibit E – Form of Closing Certificate 

PERRIGO COMPANY LIMITED 

Closing Certificate 

[—], 201[    ] 

I, [    ], hereby certify as follows: 

I am the [            ] of Perrigo Company Limited, a private limited company
formed under the laws of Ireland (the “Company”), and I am authorized to execute this Certificate on behalf of the Company. 

This Certificate is given in connection with the transactions described in the Term Loan Credit Agreement, dated as of September 6, 2013
(the “Credit Agreement”), among the Company, as borrower, the financial institutions listed on the signature pages thereof (the “Lenders”), Barclays Bank PLC, as administrative agent for the Lenders (in such
capacity, the “Agent”) and HSBC Bank USA, N.A., as syndication agent for the Lenders. 
 I hereby further certify that:

 1. The Certain Funds Representations (as defined in the Credit Agreement) are true and correct in all material respects on and as of the
date hereof as if made on the date hereof (except where such representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects as of such
earlier date). 
 2. As of the date hereof, no Certain Funds Event of Default (as defined in the Credit Agreement) has occurred and is
continuing or would result from the consummation of any Borrowing (as defined in the Credit Agreement) or from the application of the proceeds therefrom. 

3. As of the date hereof, the condition set forth in Section 4.02(g) of the Credit Agreement has been satisfied (or waived in accordance
with Section 9.02 of the Credit Agreement). 

 IN WITNESS WHEREOF, I have hereunto set my hand as of the date first written above. 

 

	
	  

	Name:
	Title:

 [—]3 
 Closing Certificate 

[—], 201[    ] 

I, [—], hereby certify as follows: 

I am [—] of [—], a [—] (the “Company”), and I am authorized to execute this Certificate on behalf of the Company. 

This Certificate is given in connection with the transactions described in the Term Loan Credit Agreement, dated as of September 6, 2013
(the “Credit Agreement”), among Perrigo Company Limited, as borrower (the “Borrower”), the financial institutions listed on the signature pages thereof (the “Lenders”), Barclays Bank PLC, as
administrative agent for the Lenders (in such capacity, the “Agent”) and HSBC Bank USA, N.A., as syndication agent for the Lenders. 

I hereby further certify that: 

1. Attached hereto as Exhibit A is a true, correct and complete copy of the [certificate of incorporation] of the Company in effect as
of the date hereof and such certificate has not been amended or otherwise changed since [—]. 

2. Attached hereto as Exhibit B is a true, correct and complete copy of the [bylaws] of the Company in effect on the date of the
adoption of the [—] referred to below and as of the date hereof. 
 3. Attached hereto as
Exhibit C is a true, correct and complete copy of the [—] duly and validly executed by the Company’s [—] approving and authorizing the
execution, delivery and performance of the Guaranty and each of the other Loan Documents (as defined in the Credit Agreement) the Company is a party to and the transactions contemplated thereby, which
[—] is in full force and effect as of the date hereof and has not been amended, modified, revoked or rescinded since its execution. 

4. The Company is a [—] duly [—], validly
existing and in good standing under the laws of the jurisdiction of its organization and, to the extent such concept exists in the applicable jurisdiction, attached hereto as Exhibit D is a good standing certificate of recent date from the
Company’s jurisdiction of formation. 
  

	3 	Applicable for Closing Guarantors 

 5. The persons listed below have been duly elected or appointed, have duly qualified and on the
date of this Certificate are officers of the Company, holding the respective offices set forth below opposite their names, and the signatures set forth opposite their names are genuine: 

 

					
	 Name
	  	 Title
	  	 Signature

			
	[—]	  	[—]	  	  

			
	[—]	  	[—]	  	  

			
	[—]	  	[—]	  	

 Each of the foregoing officers is authorized to sign each of the Loan Documents to which the Company is a
party. 
 IN WITNESS WHEREOF, I have hereunto set my hand as [—] of the Company as of the
date first written above. 
  

			
	  

	Name:	 	[—]
	Title:	 	[—]

 I, [—], hereby certify that (a) I am the duly
elected, qualified and acting [—] of the Company and (b) [—] is the duly elected, qualified and acting
[—] of the Company and the signature set forth above is [her/his] genuine signature. 
  

			
	  

	Name:	 	[—]
	Title:	 	[—]

 Exhibit A: [Certificate of Incorporation] 

 Exhibit B: [Bylaws] 

 Exhibit C: [—] 

 Exhibit D: Good Standing Certificate 

 Exhibit F – Lender Addition and Acknowledgement Agreement 

LENDER ADDITION AND ACKNOWLEDGEMENT AGREEMENT 

Dated:             , 20     

Reference is made to the Term Loan Credit Agreement (as amended or modified from time to time, the “Credit Agreement”), dated
as of September 6, 2013, among Perrigo Company Limited (the “Term Facility Borrower”), the Lenders party thereto, Barclays Bank PLC, as Administrative Agent, HSBC Bank USA, N.A., as Syndication Agent and the other agents party
thereto from time to time. Capitalized terms which are defined in the Credit Agreement and which are used herein without definition shall have the same meanings herein as in the Credit Agreement. 

The Term Facility Borrower and
                     (the “[New or Current] Lender”) agree as follows: 

1. Subject to Section 2.06 of the Credit Agreement and this Lender Addition and Acknowledgement Agreement, the Term Facility Borrower
hereby increases the Aggregate Commitments from $         to $         (such increase shall be in increments of $10,000,000 and shall not cause the sum of (x) the
aggregate increases under Section 2.08 of the New Revolving Credit Facility plus (y) the outstanding amount of any New Term Loans made under Section 2.06(d) of the Credit Agreement to exceed $350,000,000). This Lender Addition and
Acknowledgement Agreement is entered into pursuant to, and authorized by, Section 2.06 of the Credit Agreement. 
 2. The parties
hereto acknowledge and agree that, as of the date hereof and after giving effect to this Lender Addition and Acknowledgment Agreement, the Aggregate Commitments and the Commitment of each Lender under the Credit Agreement, including without
limitation, the [New or Current] Lender, are set forth on Schedule 2.01 hereto, and that Schedule 2.01 hereto replaces Schedule 2.01 to the Credit Agreement as of the Closing Date (as defined below). 

3. [If requested by the Current Lender, the Current Lender attaches the notes delivered to it under the Credit Agreement and requests that the
Term Facility Borrower exchanges such notes for new notes in the amount of its revised Commitment][ If requested by the New Lender, the New Lender requests that the Term Facility Borrower issues notes in the amount of its Commitment.] 

4. The [New or Current] Lender (a) represents and warrants that (i) it has full power and authority, and has taken all action
necessary, to execute and deliver this Lender Addition and Acknowledgment Agreement and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it satisfies the requirements, if any, specified
in the Credit Agreement that are required to be satisfied by it in order to execute and perform this Lender Addition and Acknowledgment Agreement and become a Lender, (iii) from and after the Closing Date, it shall be bound by the provisions of
the Credit Agreement as a Lender thereunder and, to the extent specified herein, shall have the obligations of a Lender thereunder, (iv) it has received a copy of the Credit Agreement, together with copies of the most recent financial
statements delivered pursuant to Section 5.01 thereof, as applicable, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Lender Addition and Acknowledgment
Agreement on the basis of which it has made such analysis and decision independently and without reliance on any Agent or any other Lender, and (v) if it is a Foreign Lender, attached to this Lender Addition and Acknowledgment Agreement is any
documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by it; and (b) agrees that (i) it will, 

 
independently and without reliance on any Agent or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit
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. 

5. The effective date for this Lender Addition and Acknowledgement Agreement shall be
                     (the “Closing Date”). Following the execution of this Lender Addition and Acknowledgement Agreement, it will be
delivered to the Administrative Agent for the consent of the Administrative Agent and acceptance and recording in the Register. 
 6. Upon
such consents, acceptance and recording, from and after the Closing Date, the [New or Current] Lender shall be a party to the Credit Agreement and the other Loan Documents to which Lenders are parties and to the extent provided in this Lender
Addition and Acknowledgement Agreement, have the rights and obligations of a Lender under each such agreement. 
 7. Upon such consents,
acceptance and recording, from and after the Closing Date, the Administrative Agent shall make all payments in respect of the interest assigned hereby (including payments of principal, interest, fees and other amounts) to the [New or Current]
Lender. 
 8. The Term Facility Borrower represents and warrants to the Agents and the Lenders that (a) no Default shall have occurred
and be continuing hereunder as of the Closing Date; and (b) the representations and warranties made by the Term Facility Borrower and contained in Article III of the Credit Agreement are true and correct in all material respects on and as of
the Closing Date with the same effect as if made on and as of such date (other than those representations and warranties that by their terms speak as of a particular date, which representations and warranties shall be true and correct in all
material respects as of such particular date). 
 9. Except as expressly amended hereby, the Term Facility Borrower agrees that the Credit
Agreement and the other Loan Documents are ratified and confirmed and shall remain in full force and effect, and that it has no set off, counterclaim, or defense with respect to any of the foregoing. 

10. This Lender Addition and Acknowledgment Agreement shall be binding upon, and inure to the benefit of, the parties hereto and their
respective successors and assigns. This Lender Addition and Acknowledgment Agreement 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
Lender Addition and Acknowledgment Agreement by telecopy shall be effective as delivery of a manually executed counterpart of this Lender Addition and Acknowledgment Agreement. This Lender Addition and Acknowledgment Agreement shall be governed by,
and construed in accordance with, the law of the State of New York. 
  

			
	PERRIGO COMPANY LIMITED
		
	By	 	  

		 	Name:
		 	Title:

 
			
	[CURRENT LENDER OR NEW LENDER]
		
	By	 	  

		 	Name:
		 	Title:
	
	Acknowledged and Consented to:
	
	BARCLAYS BANK PLC, as Administrative Agent
		
	By	 	  

		 	Name:
		 	Title:

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