Document:

Lease Agreement

 Exhibit 10.13 
 LEASE AGREEMENT 
 THIS LEASE AGREEMENT (the “Lease”) is made and entered into on this the
7th day of March, 2008, between LICHTIN/TORINGDON LAND, LLC, a North Carolina limited liability company (“Landlord”), and CHELSEA THERAPEUTICS, INC., a Delaware corporation (“Tenant”). 
 LEASE DEFINITIONS 
 As used in this
Lease, the following specified terms shall have the meanings ascribed below, unless the context clearly requires otherwise: 
 Alterations. As defined in Section 4.7. 
 Base Rent. As defined in Section 2.3. 

Broker (if any). None. 
 Building. Collectively, the four (4) story office building constructed or to be constructed by or for Landlord, known as “Toringdon VI” subject to alterations made in the final plans, containing
approximately 96,449 rentable square feet located at 3530 Toringdon Way, Charlotte, North Carolina 28277. 
 Building
Common Areas. Common Areas shall include the lobby of the Building, corridors, communication shafts, any workout room or facility, building manager’s offices, elevators, elevator shafts and elevator foyers, stairwells, entrances, lobbies,
public restrooms, mechanical rooms, water holding areas, janitorial closets, telephone rooms, mail rooms, electrical rooms, elevator mechanical rooms located above the elevator shafts, and other similar areas of the Building provided for Building
systems or for the common use or benefit of all tenants primarily or the public generally; provided, however, that the identity and location of such Common Areas is subject to the terms of Section 1.2. 
 Certificate of Occupancy. A certificate of occupancy or a temporary certificate of occupancy issued by the Building Standards
Department or other appropriate Governmental Authority of Mecklenburg County, North Carolina. 
 Commencement Date. As
set forth in Section 2.1. 
 Common Areas. Collectively, the Building Common Areas and the Project Common Areas.

 Comparable Space. Comparable office space of similar floor height, and located in first-class office buildings
(including, without limitation, the Building) with similar parking facilities and with consummated leases achieved in the applicable perimeter south submarket of Charlotte, North Carolina. 
 Contract Rate. A rate of interest equal to two percent (2.0%) above the rate of interest announced from time to time as the
“prime rate” by Bank of America, N.A. or its successors at its home office in Charlotte, North Carolina. 
 Environmental Condition. As defined in Section 4.3.3. 
 Environmental Laws. As defined in
Section 4.3.1. 
 Force Majeure. As defined in Section 8.1. 
 Governmental Authority. The government of the United States of America, the State of North Carolina and any political subdivision
thereof, or any local, state or national public authority, agency, department, commission, board, bureau or instrumentality with authority over the Building or the Project. 

 
With respect to matters pertaining to insurance, boards of fire underwriters shall be a Governmental Authority to the extent they have power to impose
conditions on the issuance of policies or the coverage thereof. 
 Hazardous Materials. As defined in
Section 4.3.1. 
 Holidays. New Year’s Day, Memorial Day (observed), Independence Day, Labor Day,
Thanksgiving Day and Christmas Day. 
 Landlord. As defined on Page 1. 
 Landlord’s Work. As defined in Exhibit B. 
 Lease. As defined on Page 1. 
 Normal Business Hours. Seven o’clock a.m. (7:00 a.m.) to six o’clock p.m. (6:00 p.m.) Monday through Friday and eight o’clock a.m. (8:00 a.m.) through one o’clock p.m. (1:00 p.m.) Saturdays,
excluding Holidays. Landlord may modify the Normal Business Hours, from time to time, in its reasonable discretion. 
 Parking Area. The structured and surface parking areas associated with the Project available for the common use or benefit of all tenants of the Project primarily or the public generally, as such area may be reconfigured or altered
by Landlord from time to time. 
 Plans. As defined in Section 3.1 herein. 
 Premises. That portion of the Building shown or described in Exhibit A including any exterior balconies and/or patios
adjacent to such space, and further designated in Section 1.1.1 together with any changes made thereto in accordance with this Lease. 
 Project. The development known as “Toringdon” owned and constructed or to be constructed by Landlord, from time to time, on Toringdon Way, Charlotte, North Carolina 28277. The Project includes the
Building, the Parking Area and walkways and the other office buildings, parking areas, driveways and other Common Areas owned and operated by Landlord or Landlord’s affiliates within the Project from time to time. 
 Project Common Areas. Project Common Areas shall include the Parking Area, outdoor plazas and walkways, driveways, any workout room
or facility within the Building and all similar areas of the Project available for the common use or benefit of all tenants of the Project primarily or the public generally. 
 Rent. The Base Rent payable under Section 2.3 as adjusted plus any other sums owed by Tenant to Landlord under this Lease.

 Rentable Area. The rentable portion of the Premises consisting of 9,956 square feet and being the sum of 8,768
usable square feet and 1,188 square feet representing Tenant’s share of a core factor of 13.55%. 
 Rentable Area in
the Building. The aggregate Rentable Area in the Building, which area shall be calculated prior to the Commencement Date by Landlord’s architect in accordance with the BOMA American National Standard Z65.1-1996 (the “BOMA
Standard”). As of the date of the execution of this Lease but subject to confirmation by the Landlord’s architect, Landlord and Tenant agree that the Rentable Area in the Building is currently estimated to be 96,449 square feet. At the
request and expense of Landlord, the Landlord’s architect shall adjust this figure from time to time as appropriate to conform to any changes in the actual Rentable Area in the Building as built. 
  

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 Rules and Regulations. Attached as Exhibit D. 
 Tenant. As defined on Page 1. 
 Tenant Affiliate. As defined in Section 4.9.1. 
 Tenant’s Work. Work
to be completed to prepare the Premises for occupancy by Tenant at the expense of Tenant with plans and specifications for same approved by Landlord. 
 Term. As set forth in Section 2.1.1. 
 Turnkey Upfit. The initial
construction of the Premises which shall include the Landlord’s Work, the building standard materials and finishes as set forth on Exhibit A-1 and any agreed upon above-standard item as set forth on Exhibit B-3. 
 Useable Area of/in the Premises. The useable area within the Premises calculated in accordance with the BOMA Standard. The Useable
Area of the Premises is approximately 8,768 usable square feet which uses a core factor of 13.55%. 
 Year, Calendar Year,
Lease Year. A Year shall be any period of 365/366 consecutive days. Calendar Year shall mean the period from January 1 to December 31. Lease Year shall refer to each Year beginning on the Commencement Date or each anniversary thereof
during the Term. 
 CONSIDERATION 
 In consideration of the mutual promises and agreements set forth herein, the legal sufficiency of which the parties hereto expressly acknowledge, Landlord and Tenant agree as follows: 
  

	I.	LEASE OF PREMISES 

 1.1 Premises. 

1.1.1 Demise of Premises. Subject to and upon the terms, provisions and conditions hereinafter set forth, and each in consideration of and
conditioned upon the duties, covenants and obligations of the other hereunder, Landlord does hereby lease, demise and let to Tenant, and Tenant does hereby lease from Landlord, the Premises more particularly described as approximately 9,956 rentable
square feet of the Building as reflected on the floor plan attached hereto as Exhibit A and incorporated herein by reference. 
 1.1.2 Warranty of Title. Landlord warrants and represents to Tenant that Landlord has the right, power, authority and ability to lease all of the Premises and to undertake all other obligations of Landlord set forth herein.

 1.1.3 Expansion Option. Provided that Tenant is not in default hereunder, Tenant shall have the option at any time during the first
eighteen (18) months of occupancy (the “Option Period”) to expand the Rentable Area in the Premises to include approximately 3,000 rentable square feet of additional space that is adjacent to the Premises (the “Additional
Space”) on the same terms and conditions as set forth in this Lease (the “Expansion Option”). Landlord shall not market the Additional Space during the Option Period in exchange for Tenant’s paying to Landlord the annual sum of
$7.00 per rentable square foot of area in the Additional Space (the “Option Period Fee”), with such sum to be paid in equal monthly installments for each month of the Option Period in which Tenant has not exercised its Expansion Option or
until Tenant elects not to exercise the Expansion Option by written notice to Landlord. Tenant shall pay such monthly installment of the Option Period Fee with Tenant’s monthly payment of Base Rent as set forth herein. In the event Tenant
wishes to exercise its Expansion Option during the Option Period, Tenant shall provide Landlord with written notice of its intention to exercise the Expansion Option. Within ten (10) days of Landlord’s receipt of Tenant’s exercise of
the Expansion Option, Landlord and Tenant shall execute an amendment to this Lease confirming the square footage of the Premises as 

  

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expanded and Base Rent as increased, by the Additional Space and including any other such details that Landlord deems reasonably necessary, which do not
materially alter the terms of this Lease except as otherwise provided herein. Landlord shall provide Tenant the services set forth in Section 3.1 with respect to the Additional Space, the cost of which shall be borne by Landlord and shall be
equal to the per square footage construction costs for the Turnkey Upfit prorated by dividing such per square footage construction costs by a fraction the numerator of which is the number of months remaining in the Term when Tenant exercised its
Expansion Option and the denominator of which shall be sixty-five (65) (number of months in the Term). Landlord shall configure the Additional Space so that it has connectivity with the Premises upon Landlord’s delivering the Additional
Space to Tenant. 
 1.1.4 Right of First Refusal. Subsequent to the expiration or sooner termination of the Option Period, Landlord
hereby grants and Tenant shall have a one-time right of first refusal to lease the Additional Space upon the same terms and conditions as provided in the Landlord’s Notice (as hereinafter defined) for rent and provided that at least three
(3) years remain in the Term when Tenant occupies the Additional Space. 
 Landlord shall use reasonable efforts to lease other vacant space in the
Building prior to leasing the Additional Space. In the event that Landlord receives an offer to lease the Additional Space, Landlord shall so notify Tenant of the terms and conditions of such offer (“Landlord’s Notice”). Within five
(5) business days after the receipt of Landlord’s Notice, Tenant shall provide written notice to Landlord as to Tenant’s decision to lease or not to lease the Additional Space. If Tenant provides such notice to lease the Additional
Space, Landlord and Tenant shall execute a lease or an amendment hereto for the Additional Space within ten (10) days after Landlord’s receipt of Tenant’s notice of intent to lease on all the same terms as provided in the
Landlord’s Notice except that the lease by Tenant must be for at least three (3) lease years commencing on the date Tenant occupies the Additional Space and expiring on the expiration date of this Lease. If Tenant does not provide written
notice within five (5) business days of the receipt of Landlord’s Notice, Tenant shall have been deemed to have waived its right to lease the Additional Space. Thereafter, Landlord shall be free to enter into a lease with such third party
(a “Third Party Lease”) on terms no more favorable to the third party than those identified in the Landlord Notice, and the rights of Tenant in and to the Additional Space shall be null and void and of no further force and effect. Landlord
shall provide Tenant the services set forth in Section 3.1 with respect to the Additional Space, the cost of which shall be borne by Landlord and shall be equal to the per square footage construction costs for the Turnkey Upfit prorated by
dividing such per square footage construction costs by a fraction the numerator of which is the number of months remaining in the Term when Tenant exercised its right of first refusal and the denominator of which shall be sixty-five
(65) (number of months in the Term). Landlord shall configure the Additional Space so that it has connectivity with the Premises upon Landlord’s delivering the Additional Space to Tenant. 
 1.2 Common Areas. Tenant, its employees and invitees shall have the non-exclusive right to use the Common Areas as constituted for general use of
occupants of the Building from time to time (except for mechanical rooms, janitorial closets and other areas intended for systems maintenance and not for access by tenants or the general public), such use to be in common with Landlord, other tenants
of the Project and other persons and subject to the Rules and Regulations set forth in Exhibit D attached hereto and by this reference made a part hereof, as such Rules and Regulations may be amended from time to time provided such amendments
are nondiscriminatory in nature. Subject to the limitations set forth in the next sentence, Landlord reserves the right from time to time to undertake any or all of the activities described below, provided such reservation of rights shall not:
(i) materially affect Tenant’s use or enjoyment of or access to the Premises, the Parking Area or Tenant’s other rights under this Lease, or increase the amount of Rentable Area in the Premises; (ii) increase Tenant’s Rent;
or (iii) reduce the number of Tenant’s parking privileges set forth herein (but the Landlord may grant reserved parking spaces to one or more tenants). In connection therewith, Landlord reserves the following rights: to add to, or subtract
from, or change from time to time, the dimensions and location of the Common Areas, it being understood that Landlord may, at its option, add areas to or remove areas from the Common Areas; to create any additional improvements in the Common Areas
or to alter or remove any improvements in the Common Areas; to convert areas previously designated by Landlord as part of the Common Areas to an area leased to one or more tenants or to designate previously leased space other than the Premises as
part of the Common Areas provided equitable adjustments are made to the Rentable Area in the Building; to make alterations or additions to the Building and to any other buildings or improvements within the Project; to operate and/or maintain such
Common Areas in conjunction with other parties; to construct, or permit others to construct, other buildings or improvements within the Project; and permit special use of the Common Areas, including temporary exclusive use for special occasions.
Landlord is not obligated to construct or provide for Tenant any improvements outside the Building except as otherwise expressly provided in this Lease. 
  

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	II.	TERM; RENT 

 2.1 Term. 
 2.1.1 Commencement Date. Subject to and upon the terms and conditions set forth herein, or in any exhibit or addendum hereto, this Lease shall
continue in force for a term of sixty-five (65) months, beginning on May 15, 2008 (such date, as it may be extended pursuant to this Lease generally and Section 3.1 of this Lease in particular, the “Commencement Date”) and
ending on October 14, 2013, adjusted to account for adjustment to the Commencement Date as provided for herein (the “Term”). On or prior to Landlord’s delivery of the Premises to Tenant, Tenant shall execute and deliver a
certificate or written statement acknowledging that Tenant has accepted possession of the Premises, reciting the exact Commencement Date and expiration date of this Lease, certifying that Landlord has fully complied with all of Landlord’s
covenants and obligations hereunder (to the extent accurate), and acknowledging the Rentable Area of the Premises as indicated herein. 
 2.2 Use. The Premises are to be used and occupied by Tenant solely for general office purposes. 
 2.3 Base Rent.
Subject to the terms of Section 2.4, during the initial Term of this Lease, Tenant hereby agrees to pay to Landlord base annual rental (as specified, the “Base Rent”) at the rate of $22.95 per square foot of Rentable Area in the
Premises. Notwithstanding the foregoing, Tenant shall receive a total abatement of Base Rent for a period of five (5) consecutive months beginning on the Commencement Date and ending on the date that is five (5) months thereafter.

 The Base Rent then in effect shall be due and payable in twelve (12) equal monthly installments on the first day of each calendar month during the
Term. Except as elsewhere provided in this Lease, Tenant agrees to pay Rent to Landlord monthly in advance without demand, reduction, abatement, counterclaim or setoff at Landlord’s designated address. If the Term commences on a day other than
the first day of a month or terminates on a day other than the last day of a month, then the Rent for such month or months shall be prorated in accordance with the actual number of days in the relevant month and the installment or installments so
prorated shall be paid in advance. 
 2.4 Base Rent Adjustment. Beginning on the one year anniversary of the Commencement Date, and
continuing on each anniversary thereof, Base Rent shall increase each Lease Year during the Term of this Lease by three percent (3%) over the previous Lease Year. 
 2.5 Holding Over. Tenant shall have no right to hold over in the Premises after the expiration or earlier termination of this Lease, and in the event of such a holdover without Landlord’s prior written
consent, Tenant shall be deemed a tenant at sufferance, subject to ejectment by Landlord at any time without notice. In the event of holding over by Tenant after expiration or termination of this Lease without the written consent of Landlord, Tenant
shall (i) pay Landlord, within thirty (30) days after Landlord’s written demand therefor, all damages caused by Tenant’s holding over (including, without limitation, all claims for damages by any other tenant to whom Landlord may
have leased all or any part of the Premises and all losses suffered by Landlord arising out of other agreements concerning the Premises which Landlord is unable to honor, in whole or in part, as a result of Tenant’s holding over) and all
attorneys’ fees incurred by Landlord as a result of Tenant’s holding over, and (ii) pay to Landlord one hundred twenty-five percent (125%) of all Rent owed by Tenant to Landlord in accordance with the terms of this Lease. Any
holding over with Landlord’s written consent shall constitute a lease from month to month under all the terms and provisions of this Lease, and unless otherwise agreed in writing, either Landlord or Tenant may terminate this Lease upon at least
thirty (30) days prior written notice to the other. 
 2.6 Late Charges. If at any time any Rent is not received by the fifth
(5th) day following the date on which or period within which any monetary obligation of Tenant under this Lease becomes due (including dishonored checks), then in addition to the amount owed, Tenant shall pay to Landlord a late charge equal to
ten percent (10%) of the past due obligation. This provision shall not be deemed to condone the late payment of any monetary obligation, and shall not be construed as giving Tenant an option to pay late by paying the late charge 

  

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provided for herein. Instead, all funds are due at the times specified in this Lease without any grace period. Failure to pay shall subject Tenant to all
applicable default provisions provided hereunder or by law, and Landlord’s remedies shall not be abridged by claiming or collecting a late charge. 
 2.7 Insufficient Funds. If Tenant has insufficient funds to cover a Tenant’s check presented by the Landlord for payment, Landlord shall be entitled to the maximum lawful fee chargeable for checks returned
for insufficient funds or five percent (5%) of the amount of such check, whichever amount is less. In addition, Tenant’s delivery of a check for which Tenant has insufficient funds on account shall constitute an event of default hereunder;
provided however, that Tenant shall not be considered to be in default hereunder if such returned check was the result of a bank error and Tenant can provide documentation from such bank to Landlord supporting Tenant’s assertion of a bank
error. 
  

	III.	GENERAL MATTERS 

 3.1 Initial Construction of the
Premises. Prior to the Commencement Date, Landlord, at Landlord’s sole cost and expense, shall install and furnish all facilities and materials and perform all work required for the Common Areas and the core and shell of the Building and
shall provide Landlord’s Work as described in Exhibit B, with such minor variations as Landlord in its sole discretion may deem advisable; provided, however, any variations in Landlord’s Work shall not materially interfere with
Tenant’s intended use of the Premises or Tenant’s approved plans and specifications. In addition, Landlord shall supervise the design, construction and installation of the initial improvements in the Premises (the “Tenant
Improvements”) in accordance with the plans and specifications for such improvements as set forth in the construction drawings to be prepared by Landlord’s architect (such drawings, the “Plans”) using building standard materials
as set forth in Exhibit A-1 and including any agreed upon above-standard items as set forth in Exhibit B-3 (such design, construction and installation, the “Turnkey Upfit”) and any agreed-upon above-standard items to be
provided at Tenant’s cost as set forth on Exhibit B-4. Landlord shall provide Tenant with an allowance, not to exceed $10,000.00, to offset the cost of above-standard items to be constructed in the Premises as set forth in Exhibit
B-4 (the “Above-Standard Items Allowance”). The cost of any above-standard items in excess of the Above-Standard Items Allowance shall be the sole responsibility of Tenant. In the event the actual cost to construct the above-standard
items set forth on Exhibit B-4 is less than the Above-Standard Items Allowance, Tenant shall not be entitled to receive a credit, reimbursement or otherwise recoup any unused portion of the Above-Standard Items Allowance. Tenant agrees to
cooperate with Landlord to provide Landlord within three (3) business days after the full execution hereof all information necessary for Landlord to prepare the Plans. Any space plans and any other preliminary plans for the upfit of the
Premises provided by Tenant shall be subject to Landlord’s prior approval, not to be unreasonably withheld or delayed, and the Plans to be prepared by Landlord’s architect shall be materially consistent with Tenant’s preliminary space
plans, as approved by Landlord. Landlord shall bear the cost of necessary construction documents, the cost of approvals or permits required by Governmental Authorities as well as the cost of constructing such Tenant Improvements as part of the
Turnkey Upfit on an “as completed” basis in accordance with the costs computed by Landlord to construct the Premises per the Plans using standard building materials of Landlord. A preliminary copy of the floor plan has been approved by the
parties hereto and shall be attached hereto and made a part hereof as Exhibit A. In the event that at any time (i) Tenant requests any change to the Plans from that shown on Exhibit B-1 which has resulted or might result in an
increase in the cost of the Turnkey Upfit, including without limitation, an increase in engineering costs associated therewith, (ii) Tenant or its agents, employees, contractors or subcontractors (collectively, “Tenant’s
Invitees”) shall cause a delay in the completion of the Turnkey Upfit, (iii) Tenant shall request the use of materials other than standard building materials of Landlord, or (iv) Tenant shall request the use of specialty equipment
that increases the engineering costs associated with such Turnkey Upfit, regardless of whether such specialty equipment is purchased and installed by Tenant, then Tenant shall promptly deliver the necessary funds to defray any and all such excess
costs to Landlord due to any of the aforesaid acts or omissions by Tenant or Tenant’s Invitees within five (5) business days after request made by Landlord. Failure of Tenant to comply with any such request within the time period provided
shall be an event of default under this Lease. 
 Upfit of the Premises shall proceed in accordance with the schedule, attached hereto and made a part hereof
as Exhibit B-2. Any acts or omissions by Tenant or any third party (including, any local or State governmental agency) other than Landlord, or their respective agents, officers, employees, invitees, or independent contractors that result in
delays under the Schedule shall result in modifications of the Schedule and the Target Date, and Landlord shall not be liable or responsible for any such delays. 
  

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 Provided the floor plan has been agreed upon and attached to this Lease, as provided in Section 1.1.1, Landlord
agrees to use reasonable efforts to have the Premises substantially completed and “Ready for Occupancy” (as hereinafter defined) on or before May 15, 2008 (the “Target Date”). If Landlord for any reason whatsoever cannot
deliver possession of the Premises to Tenant in accordance with the terms hereof on or before the Target Date as hereinabove specified, except for Tenant’s right to terminate if the Premises are not delivered within one hundred twenty
(120) days after the Target Date, this Lease shall not be void or voidable nor shall Landlord be liable to Tenant for any loss or damages resulting therefrom; but in that event, except to the extent that any such delay is attributable to Tenant
or Tenant’s Invitees, the Commencement Date shall be adjusted to be the date when Landlord does in fact deliver possession of the Premises to Tenant in accordance with the terms hereof. The postponement of the Commencement Date shall be
Tenant’s only remedy in such event. Notwithstanding the foregoing, in the event of any delays attributable to Tenant or Tenant’s Invitees (a “Tenant Delay”), the Commencement Date shall be deemed to be the date upon which
Landlord would have delivered the Premises to Tenant in accordance with the terms hereof but for the delays attributable to Tenant or Tenant’s Invitees. 
 Notwithstanding anything herein to the contrary, in the event Landlord is unable to deliver the Premises with a temporary certificate of occupancy on or before June 1, 2008 (the “Delayed Target Date”), Tenant shall receive a
total abatement of Base Rent of one (1) day for each day beyond the Delayed Target Date that the Premises has not been delivered, provided that Landlord shall not be liable for such abatement if the delay is attributable to a Tenant Delay or
Force Majeure. If Landlord is unable to delivery the Premises by June 26, 2008 for reasons other than Tenant Delays, Landlord shall provide, through Landlord’s affiliate, Lichtin Executive Suites, LLC, temporary space for up to twenty
(20) of Tenant’s employees (the “Temporary Space”) in the building known as Toringdon III, which is within the Project. The Temporary Space shall be provided without charge to Tenant until such time as the Premises have been
delivered or this Lease has been terminated as provided herein. In the event Landlord has not delivered the Premises to Tenant within one hundred twenty (120) days of the Target Date for any reason other than Tenant Delay, Tenant shall have the
right to terminate this Agreement without penalty upon written notice to Landlord, in which event Tenant’s rights to the Temporary Space shall be automatically terminated. Delays in construction of the Premises that are attributable to Force
Majeure shall not extend the time periods set forth herein for (i) Landlord to provide Temporary Space to Tenant or (ii) Tenant’s right to terminate. 
 The Premises shall be deemed “Ready for Occupancy” on the date on which a (i) Certificate of Occupancy has been issued with respect to the Premises, (ii) the Premises have been substantially
completed in a good and workmanlike manner, free of defects, in compliance with laws and in accordance with the Plans (excepting only minor punchlist items which can be fully completed without material interference with Tenant and other items which
because of the seasonal weather or the nature of the item are not practicable to do at the time provided that none of said items is necessary to make the Premises tenantable for the uses permitted hereunder) and (iii) mechanical systems are
functioning and in good condition; provided, however, that if Landlord is unable to complete construction due to delay in Tenant’s compliance with the requirements of this Lease, then the Premises shall be delivered to Tenant on the date upon
which Landlord would have completed the construction but for the Tenant Delays (which date shall constitute the Commencement Date). Notwithstanding such delivery, Landlord shall proceed to make the Premises Ready for Occupancy and Tenant shall have
the right to walk-through and inspect the Premises as described herein. Upon Tenant’s request, which request shall be made within fifteen (15) days following Landlord’s delivery to Tenant of the Ready for Occupancy notice, Landlord
agrees to participate in a joint walk-through and inspection of the Premises with Tenant, which joint walk-through and inspection shall occur within fifteen (15) days following delivery of the Ready for Occupancy notice. When the Premises are
Ready for Occupancy, Tenant agrees to accept possession thereof, subject to Landlord’s completion of the foresaid punchlist items, and to proceed to occupy the Premises and conduct its business operations therein. Except with respect to latent
defects and any uncured items contained in an inspection punchlist delivered by Tenant to Landlord at or prior to occupancy, Tenant’s occupancy of the Premises shall conclusively establish that the Premises are at such time in satisfactory
condition, order and repair. Landlord shall be responsible for and shall rectify (i) any patent defects in the core and shell of the Building identified in writing by Tenant or Tenant’s consultants within thirty (30) days of
Tenant’s possession of the Premises, and (ii) any latent defects in, or deteriorations of, the core and shell of the Building identified by Tenant or Tenant’s consultants within one (1) year of Tenant’s possession of the
Premises. Landlord agrees to commence any necessary remedial work immediately upon receipt of Tenant’s or Tenant’s consultant’s identification of defects and thereafter shall diligently pursue completion of any necessary remedial
work. 
  

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 3.2 Services to Be Furnished by Landlord. During the Term during Normal Business Hours, Landlord
shall operate and manage the Building in an efficient, cost-effective manner; and provide janitorial and other services comparable in service and quality to those provided for Comparable Space. During the Term, Landlord shall cause public utilities
to furnish electricity and water to the Building and the Premises and shall furnish Tenant with the other services described in Exhibit E attached hereto and incorporated herein by reference. Notwithstanding the foregoing, Landlord shall have
the right to shut down the Building systems (including electricity and HVAC systems) for required maintenance and safety inspections and, except in cases of emergency, shall provide 48 hours notice to Tenant of any shutdown and shall use reasonable
efforts to avoid interfering with Tenant’s use of the Premises. 
 3.3 Access Procedures. There shall be open access to the
Building weekdays (except Holidays) from seven o’clock a.m. (7:00 a.m.) to six o’clock p.m. (6:00 p.m.), from six o’clock p.m. (6:00 p.m.) to seven o’clock a.m. (7:00 a.m.) Monday through Friday and twenty-four (24) hours
per day on weekends and Holidays, access to the Building will be restricted by use of a card access system at the front entrance to the Building. On the Commencement Date, Landlord shall furnish Tenant at no cost up to one (1) access card (or
the functional equivalent thereof) to access the Building and the Premises for each two hundred fifty (250) square feet of Rentable Area in the Premises and thereafter provide additional cards at a charge not to exceed Landlord’s cost for
each such card without markup on an order signed by Tenant. Landlord shall replace all defective access cards without charge. All cards shall remain the property of Landlord. No additional locks shall be allowed on any door of the Premises without
Landlord’s written permission. If Tenant receives Landlord’s permission and installs additional locks on the Premises, Tenant shall immediately provide Landlord with copies of keys for such locks. Landlord shall have the right to maintain
master keys and pass keys to all doors to and within the Premises. Upon termination of this Lease, Tenant shall surrender to Landlord all access cards and keys related to the Premises, and give to Landlord the combination of all locks for safes,
safe cabinets and vault doors, if any, to remain in the Premises. 
 3.4 Graphics and Signage. Landlord shall provide and install
Tenant’s name and suite numerals of the Premises inside the Building in a location reasonably determined by Landlord. All graphics of Tenant visible in or from public corridors or the exterior of the Premises shall be subject to Landlord’s
prior written approval (to be granted or withheld in Landlord’s sole discretion); provided, however, Tenant may not display any signs or graphics visible from the exterior of the Building. Landlord, at Landlord’s expense, will also
identify Tenant in the directory located in the main lobby of the Building and on any other appropriate directory which may be part of the Project. The space to be made available to Tenant in such directories shall be provided in the same proportion
that the Rentable Area of the Premises bears to the Rentable Area of the Building. 
 3.5 Repairs by Landlord. Landlord shall keep and
maintain the Building, the Common Areas and the Premises (to the extent of Landlord’s obligations herein with respect to the Premises) according to the standards of Comparable Space. Except to the extent caused by Tenant or Tenant’s
Invitees, Landlord shall make all repairs necessary to maintain the Building, the Common Areas, the plumbing, HVAC and electrical systems installed or furnished to the Premises by Landlord as part of Landlord’s Work (excluding any special
electrical equipment or other fixtures installed or furnished by Landlord at Tenant’s request and not as part of Landlord’s Work unless the maintenance and repair was necessitated by the misrepresentation, negligence or misconduct of
Landlord or caused by the negligence of Landlord, its agents, employees, or contractors, in which case such maintenance or repairs shall be made at Landlord’s sole cost and expense if not otherwise reimbursed to Tenant by insurance carried by
Landlord or Tenant), windows, flooring installed or furnished by Landlord, and all other structural elements of the Premises installed or furnished by Landlord. Tenant shall promptly notify Landlord of any condition which requires repair. Landlord
shall undertake such repairs with due diligence within a reasonable time after written notice from Tenant that such repair is needed subject to reasonable delays for adjustment of insurance claims, Force Majeure or other matters beyond
Landlord’s control. In no event shall Landlord be obligated to repair any nonstructural system damage or any damage to systems not provided in base Building plans unless such damage is caused by the negligence of Landlord or its employees,
agents, or contractors in such capacity. Tenant shall not be required to make structural repairs or repairs or replacements to the mechanical systems of the Building (including but not limited, to HVAC, electrical and plumbing), but such repairs
shall be made by Landlord at Landlord’s cost, unless the repairs were necessitated by Tenant’s negligence or misconduct, in which case such repairs shall be at Tenant’s sole cost and expense, if such costs are not otherwise reimbursed
to Landlord by the proceeds of insurance carried by either Landlord or Tenant. Any special leasehold improvements shall, at Tenant’s written request and at Landlord’s option, be maintained by Landlord at Tenant’s expense in an amount
equal to Landlord’s actual cost plus 

  

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an additional charge of ten percent (10%) of such cost. Notwithstanding the provisions of this Section to the contrary, Landlord shall, at
Landlord’s sole cost and expense, repair: any defects in the construction of the (i) base Building work or any Tenant’s Work installed by Landlord, or Landlord’s contractor, which are discovered by Tenant and communicated in
writing by Tenant to Landlord, and (ii) the base Building work and Tenant’s Work installed by Landlord or Landlord’s contractor necessitated by the failure of Landlord or Landlord’s contractor to comply with the Building plans
and Tenant’s Plans for such work and all codes, legal requirements and other applicable laws in effect at the time of construction of the base Building work and Tenant’s Work. If, within a reasonable time after discovery, Tenant notifies
Landlord of such defects, Landlord shall thereafter, with reasonable diligence subject to reasonable delays for adjustment of insurance claims, Force Majeure or other matters beyond Landlord’s control, proceed to repair such defects to a
reasonably satisfactory condition consistent with comparable buildings. 
 3.6 Additional Repair Obligations. In addition to the
obligations set forth in Section 3.5, but subject to Tenant’s repair obligations and Tenant’s other covenants and obligations under this Lease, Landlord shall repair and maintain (or cause to be repaired and maintained) the Project
consistent with projects containing Comparable Space. Landlord shall exercise commercially reasonable efforts to schedule all maintenance and repairs so as not to unreasonably interfere with Tenant’s use of, access to and enjoyment of the
Premises and Parking Area. 
 3.7 Peaceful Enjoyment. Landlord warrants and represents to Tenant that Tenant shall and may peacefully
have, hold and enjoy the Premises, subject to the other terms hereof. The parties hereto agree that said letting and hiring is upon and subject to the terms, covenants and conditions herein set forth, and each party covenants, as a material part of
the consideration for this Lease, to keep and perform each and all of the terms, covenants and conditions required to be kept and performed by it, and that this Lease is made upon the condition of such performance. 
 3.8 Parking. 
 3.8.1 General
Parking. A total of four (4) unreserved spaces per one thousand (1,000) square feet of Rentable Area in the Premises shall be available in the Parking Area effective on the Commencement Date and continuing throughout the Term, for the
use of Tenant’s officers, managers, agents, invitees and employees twenty-four (24) hours per day, seven (7) days per week. Tenant’s officers, managers, agents, invitees and employees may use all or any portion of the allotted
spaces as hereinabove described effective on the Commencement Date. 
 3.9 Landlord’s Additional Representations and Warranties.
In addition to Landlord’s other representations and warranties set forth in this Lease, Landlord hereby represents, warrants and covenants to Tenant as follows: 
 (a) Landlord has full and lawful authority to enter into this Lease. 
 (b) On the date of delivery of possession of the Premises to Tenant and throughout the Term of this Lease, the Building (excluding
Tenant’s Work in the Premises) will be in substantial compliance with all applicable federal, state and local laws, ordinances, orders, rules, regulations and other requirements of Governmental Authorities relating to the use, condition and
occupancy and the Building and all applicable rules, orders, regulations and requirements of any board of fire underwriters or insurance service office or any similar body having jurisdiction over the Building; provided, however, in the event the
Building does not comply in some immaterial respects with the Americans with Disabilities Act of 1990, as amended, or other applicable laws, such non-compliance shall not be deemed a default by Landlord hereunder so long as such non-compliance does
not materially impair Tenant’s use and occupancy of the Premises or endanger the health or safety of Tenant’s employees or invitees. 
 (c) Landlord shall maintain, repair, operate, manage and lease the Building at a standard consistent with the maintenance, repair, operation, management and leasing of Comparable Space. 
  

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 3.10 Tenant’s Financial Statements. Upon request of Landlord, Tenant agrees to furnish to
Landlord copies of Tenant’s most recent annual and quarterly financial statements, audited if available or otherwise certified as to accuracy by the chief financial officer of the Tenant. The financial statements shall be prepared in accordance
with generally accepted accounting principles, consistently applied. The financial statements shall include a balance sheet and a statement of profit and loss, and the annual financial statement shall also include a statement of changes in financial
position and appropriate explanatory notes. Landlord may deliver the financial statements to any prospective or existing mortgagee or purchaser of the Building. Notwithstanding the foregoing, as long as Tenant continues to file such statements in a
timely manner with the United States Securities and Exchange Commission and such statements continue to be available on the Internet, Tenant need not provide statements directly to Landlord. 
  

	IV.	TENANT’S OCCUPANCY OF PREMISES 

 4.1 Care
and Surrender of the Premises. 
 4.1.1 Damage; Load Capacity. Neither Tenant nor Tenant’s Invitees shall commit any waste or
damage, or allow any waste or damage, on any portion of the Premises or the Project. Tenant shall not place upon or load any floor of the Building with a load exceeding its design capacity. Landlord certifies that the floors of the Premises are each
designed generally to bear one hundred (100) pounds live load and ten (10) pounds for partitions, per square foot of floor space, and that the location and quantity of fire proof file cabinets shown on Exhibit A shall not exceed such load.
Tenant shall take into account such load-bearing capacities when locating all safes, additional cooling systems and heavy installations which Tenant wishes to place in the Premises. At any time during the Term, Landlord, in its sole and absolute
discretion, may employ a structural engineer, at Tenant’s sole cost and expense, to analyze Tenant’s compliance with the above-stated load capacity limits. 
 4.1.2 Condition of Premises at End of Term. At the end of the Term, by lapse of time or otherwise, Tenant shall deliver the Premises to Landlord in its base building condition, broom clean and in good order,
except for the following: the Tenant Improvements; those alterations, additions and improvements thereto which Landlord hereafter accepts; normal wear and tear; insured casualty losses; conditions existing due to the negligent or willful acts of
Landlord and its agents, and acts of God. Notwithstanding anything to the contrary herein, Tenant shall remove any and all data, telephone or other cabling installed in connection with Tenant’s occupancy of the Premises at the end of the Term.
If Tenant does not so deliver the Premises, Landlord may restore the Premises to such condition following Tenant’s surrender of possession, and Tenant shall pay the reasonable cost thereof. Unless Landlord directs Tenant to remove such
installations, alterations, additions or improvements (in which event Tenant shall so remove them and shall restore the Premises to its base building condition, excepting Landlord’s Work), all installations, alterations, additions and
improvements, including partitions which may have been installed by either Landlord or Tenant, shall remain upon the Premises and shall become Landlord’s property, all without compensation, allowance or credit. Tenant shall reimburse Landlord
for any damage to any portion of the Building or the Premises caused by the removal of any Alterations, additions or improvements made to the Premises. Tenant’s movable office equipment, furniture, furnishings and artwork which can be removed
without damage to the Building shall remain Tenant’s property, and Tenant shall have the right prior to the end of the Term to remove the same. Tenant’s goods, effects, personal property, business and trade fixtures, machinery and
equipment not removed at the end of the Term (or within one (1) week after entry of a final unappealable order awarding possession of the Premises to Landlord by a court of competent jurisdiction, and provided that during such time Landlord has
not hindered or impeded Tenant’s efforts to remove such property from the Premises by reason of Tenant’s default) shall be considered abandoned, and Landlord may appropriate such items for itself, sell such items or otherwise dispose of
the same in such commercially reasonable manner as Landlord deems expedient after ten (10) days’ prior written notice to Tenant without any liability to Tenant. 
 4.1.3 Prohibited Equipment in Premises. Tenant shall not use or install any equipment in the Premises that runs continuously (for example, equipment in a computer server room and/or a supplemental HVAC unit) or
places unusual demands on the electrical, heating or air conditioning systems (“High Demand Equipment”) without Landlord’s prior written consent. No such consent will be given if Landlord determines, in its discretion, that such High
Demand Equipment may not be safely used in the Premises or that electrical service is not adequate to support the High Demand Equipment. Landlord’s consent may be conditioned, without limitation, upon separate metering of the High Demand
Equipment and Tenant’s payment of all engineering, equipment, installation, 

  

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maintenance, removal and restoration costs and utility charges associated with the High Demand Equipment and the separate meter, as well as administrative
costs as provided below. If High Demand Equipment used in the Premises by Tenant affects the temperature otherwise maintained by the heating and air conditioning system, Landlord shall have the right to install supplemental air conditioning units in
the Premises and/or require Tenant to use any existing supplemental units serving the Premises. If supplemental units are required by Landlord pursuant to the foregoing sentence, or if Tenant requests the installation and/or use of any supplemental
units, then the cost of engineering, installation, operation and maintenance of the units shall be paid by Tenant. All costs and expenses relating to High Demand Equipment and Landlord’s administrative costs (such as reading meters and
calculating invoices) shall be payable by Tenant within ten (10) days after receipt of Landlord’s invoice for such costs. 
 4.2
Legal Use and Violation of Insurance Coverage. Tenant shall comply with all applicable laws, ordinances, orders, rules and regulations of any Governmental Authority relating to the construction, use, condition or occupancy of the Premises.
Landlord shall comply with all applicable laws, ordinances, rules and regulations of any Governmental Authority relating to the construction, ownership, leasing and management of the Building; provided, however, Tenant agrees that the scope of
Landlord’s compliance with laws, ordinances, orders, rules and regulations of any Governmental Authority applicable to construction of the Building is limited to those in effect when approvals, permits and licenses for construction of the
Building were obtained or issued or to the extent needed to not materially impair Tenant’s use and occupancy of the Premises or the health or safety of Tenant’s employees or invitees. Tenant shall not occupy or use, or permit any portion
of the Premises to be occupied or used, for any business or purpose which is unlawful, disreputable or deemed to be extra-hazardous on account of fire. Tenant shall not permit anything to be done in the Premises which would increase the rate of fire
insurance coverage on the Building. 
 Subject to the mutual waiver of subrogation set forth herein, Tenant agrees to indemnify and hold
Landlord harmless from and against any and all claims, judgments, fines, penalties, losses, damages, liabilities and reasonable attorney’s and consultant’s fees and other costs and expenses, including but not limited to damages for bodily
injury, death and property damage, which are caused by, arise out of, occasioned by or in any way attributable to any of the following, except to the extent caused by Landlord’s breach of this Lease or applicable law or the willful misconduct
or negligence of Landlord, its agents, employees and contractors: (a) the use or occupancy of the Premises by Tenant or its subtenants and assignees, or their agents, employees, contractors, licensees, customers and express invitees,
(b) the use or occupancy of any other portion of the Project by Tenant or Tenant’s Invitees, (c) the breach of this Lease or applicable law by Tenant or its subtenants and assignees, or their employees, agents, contractors or
subcontractors or (d) the willful misconduct or negligence of Tenant, its agents, employees and contractors. 
 Subject to the mutual
waiver of subrogation set forth herein, Landlord agrees to indemnify and hold Tenant harmless from and against any and all claims, judgments, fines, penalties, losses, damages, liabilities and reasonable attorney’s and consultant’s fees
and other costs and expenses, including but not limited to damages for bodily injury, death and property damage, which are caused by, arise out of, occasioned by or in any way attributable any of the following, except to the extent caused by
Tenant’s breach of this Lease or applicable law or other willful misconduct or negligence of Tenant, its agents, employees and contractors (a) the breach of this Lease or applicable law by Landlord, its assignees or their employees,
agents, contractors or subcontractors or (b) the willful misconduct or negligence of Landlord, its agents, employees and contractors. 
 4.3 Hazardous Materials. 
 4.3.1 No Storage. For the purposes of this Section, “Premises” shall include the
Premises and all space over which Tenant has the right to exclusive use and control. Except for general office and cleaning supplies typically used in the ordinary course of Tenant’s business, without Landlord’s prior written consent,
neither Tenant nor Tenant’s Invitees shall knowingly use, release, generate, store or dispose of on, under or about the Project or transport to or from the same any Hazardous Materials or permit or allow any third party to do so. For purposes
of this Lease, (i) “Hazardous Materials” means polychlorinated biphenyls, petroleum and any fraction thereof, radioactive materials, urea formaldehyde, asbestos, and any waste, pollutant, contaminant, chemical compound, substance or
material defined or regulated as “hazardous”, “extremely hazardous” or “toxic” under any Environmental Laws or by any federal, state, or local governmental agency or authority, and (ii) “Environmental
Laws” means any applicable current or future federal, state, or local law, regulation, ordinance, order, guidance 

  

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document, policy document, or ruling applicable to health or environmental conditions on, under or about the Building, including, without limitation, the
Comprehensive Environmental Response, Compensation and Liability Act, the Hazardous Materials Transportation Act, the Resource Conservation and Recovery Act, the Toxic Substances Control Act, the Water Pollution Control Act, the Clean Air Act, the
Federal Insecticide, Fungicide and Rodenticide Act, and analogous state and local laws. 
 4.3.2 Compliance; Citation. All of
Landlord’s and Tenant’s activities on the Project shall comply with Environmental Laws. As soon as practical after receipt of same, Landlord or Tenant shall furnish the other party with a copy of any and all citations, orders, notices,
reports, subpoenas or requests from any federal, state or local Governmental Authority concerning or having an impact on the environmental condition of the Premises and a copy of any and all information, documents or reports submitted to any
Governmental Authority by or on behalf of Landlord or Tenant regarding the environmental condition of the Premises. Landlord or Tenant shall provide the other party with written notice of any environmental condition affecting the Premises which must
be reported to any Governmental Authority no later than five (5) business days after occurrence of the event which triggers the reporting obligation. 
 4.3.3 Landlord’s Warranties and Indemnification. Landlord shall have no liability to Tenant or any other party for, and Tenant shall indemnify, defend with counsel acceptable to Landlord, and hold Landlord
harmless from any and all claims, damages, fines, penalties, losses, judgments, costs and liabilities arising out of or related to Hazardous Materials which were transported to or used, stored, released or disposed of on, under or about the Project
by Tenant, its officers, managers, employees, agents, contractors or licensees, in connection with work being performed by or for Tenant (except to the extent such work is performed by Landlord, its contractors, agents or employees) regardless of
whether Landlord consented to, approved of, participated in or had notice and approved of the activities giving rise to such liabilities. Based only upon warranties of third parties made to Landlord and the results of environmental audits or
assessments prepared for Landlord, Landlord warrants and represents to Tenant that to the best of Landlord’s actual knowledge without independent investigation, the Building and the Premises contain no Hazardous Materials except for contained
petroleum products and office and cleaning supplies. Landlord warrants and represents to Tenant that to the best knowledge of Landlord any Hazardous Materials used or to be used in the construction of the Building or the Premises have only or will
only be used in such quantities and in such manner as may be permitted by Environmental Laws. Except to the extent reported in written reports delivered to Landlord and available for Tenant’s inspection upon request, Landlord represents and
warrants to Tenant that Landlord has no knowledge of and has no reason to believe that there has been a release, generation or storage of Hazardous Materials on, under or beneath the Project as of the date of this Lease. Landlord shall indemnify and
hold Tenant harmless against any and all actual and direct losses, costs, expenses (including reasonable attorneys’ fees), liabilities, claims, fines, penalties, judgments and damages arising out of, and Landlord shall advise Tenant in writing
within five (5) business days of Landlord’s actual knowledge of, the following: (i) all notices of violations or alleged violations of Environmental Laws relating to activities occurring prior to the Commencement Date which are
received by Landlord in writing from any Governmental Authority and which relate to the Premises or Project or affect the health, safety or welfare of the tenants of the Building and their employees; and (ii) the release of any Hazardous
Materials in, on, under or about the Premises or any part of the Project by Landlord or Landlord’s agents. Any interruption of Tenant’s occupancy or use and enjoyment of the Premises or any condition which constitutes a danger to the
health, safety and welfare of Tenant’s officers, managers, employees, agents or contractors, each of which results from environmental contamination which is not attributable to Tenant or its contractors, agents or employees, shall constitute an
interruption of services under Section 10 of Exhibit E. Notwithstanding anything to the contrary in this Lease, if any environmental contamination which is not attributable to Tenant or its contractors, agents or employees interrupts
Tenant’s occupancy or use and enjoyment of the Premises or constitutes a danger to the health, safety and welfare of Tenant’s officers, managers, employees, agents and contractors (such contamination, an “Environmental
Condition”) occurs or exists for more than ten (10) consecutive business days, Landlord shall abate Tenant’s Rent effective from and after the date which is ten (10) consecutive business days after the date the Environmental
Condition began, until Tenant shall once again have unimpaired occupancy or use and enjoyment of the Premises or the Environmental Condition is removed. 
 Notwithstanding anything in this Lease to the contrary, if Landlord is not in compliance with any applicable Environmental Laws or any representation or warranty contained herein, such noncompliance shall not be
deemed to be an event of default hereunder or a breach of this Lease so long as such noncompliance does not have a materially adverse affect on Tenant’s use of the Premises or on the health or safety of Tenant’s employees or invitees.

  

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 4.4 Nuisance. Tenant shall conduct its business and shall use its best efforts to control its
officers, managers, agents, employees, invitees and visitors in such manner as not to create any nuisance, or interfere with any other tenant of the Building or with Landlord in its operation of the Project. 
 4.5 Rules of the Building. Tenant and its officers, managers, employees, agents, visitors, contractors, assigns and licensees shall comply with
the Rules and Regulations of the Project attached as Exhibit D, as the same may be reasonably amended from time to time. No change in the Rules and Regulations shall be made that would materially and adversely affect Tenant’s ability to
use the Premises as originally intended. Tenant shall be required to comply with only those regulations that do not conflict with the terms and conditions of this Lease. The terms of the Lease shall control any conflict with the terms of the Rules
and Regulations. 
 4.6 Repairs by Tenant. At Tenant’s own cost and expense, Tenant shall repair or replace any damage or injury
done to the Premises, the Project or any part thereof caused by Tenant or its contractors, subcontractors, officers, managers, agents, employees, invitees or visitors (other than Landlord or its contractors, subcontractors, agents, or employees) to
the extent such damage or injury is not covered by insurance. If Tenant has not undertaken such repairs or otherwise diligently pursued all actions preparatory to such repairs within thirty (30) days after notice from Landlord of Tenant’s
obligation to do so or if Tenant is not diligently pursuing completion of any repair undertaken within the thirty (30) day period, Landlord may, at its option, make such repairs or replacements, and Tenant shall pay to Landlord the cost
thereof, plus an additional charge of fifteen percent (15%) to Landlord on demand. 
 4.7 Alterations, Additions, Improvements.

 4.7.1 Right to Make Alterations. After Tenant Improvements have been made in the Premises, Tenant shall have the right from time to
time to make changes, additions, material repairs, improvements or other alterations (collectively, “Alterations”) in or to the Premises upon the prior written approval of Landlord, which approval shall not be unreasonably withheld,
conditioned or delayed. Notwithstanding anything to the contrary herein, in the event Landlord approves such Alterations, and in such approval letter does not require the removal of such Alterations upon Tenant’s vacating the Premises, Tenant
shall not be required to remove the approved Alterations and restore the Premises to the condition existing prior to the installation of the Alterations upon Tenant’s vacating the Premises. Furthermore, notwithstanding anything contained herein
to the contrary, all alterations and improvements to the Premises, including without limitation the Tenant Improvements, whether undertaken by Tenant or Landlord using Landlord’s contractor shall be subject to a fee in an amount equal to ten
percent (10%) of the total cost of planning and constructing any such alterations and improvements payable by Tenant to Landlord as a profit and overhead fee upon Landlord’s demand for same. In the event Tenant wishes to use a contractor
other than Landlord’s contractor and Landlord reasonably approves such contractor, however, Tenant shall not be required to pay such fee in connection with work performed by such contractor. 
 4.7.2 Agreements; Permits. Tenant shall enter into an agreement for the performance of such Alterations with such contractors and subcontractors
selected by Tenant and reasonably approved by Landlord; provided, however, Landlord’s approval of such contractors or subcontractors shall only be required to the extent the Alterations require Landlord’s approval. Tenant’s
contractors shall obtain, on behalf of Tenant and at Tenant’s sole cost and expense, all necessary governmental permits and approvals for the commencement and completion of such Alterations. 
 4.7.3 Review by Landlord; Completion. If any Alterations require Landlord’s approval, Tenant shall pay to Landlord the reasonable, actual
cost of Landlord’s independent engineers (but not Landlord’s “in-house” personnel). Such payment shall be made within thirty (30) days after Tenant’s receipt of invoices from Landlord, or at Landlord’s option,
prior to the commencement of the Alterations. All Alterations shall be performed: (i) in accordance with the approved plans, specifications and working drawings; (ii) lien-free and in a good and workmanlike manner; (iii) in compliance
with all laws, ordinances, rules and regulations of all Governmental Authorities; and (iv) in such a manner so as not to materially interfere with the use or occupancy of the Building by any other tenant in the Building or its employees or
invitees, nor impose any material additional expenses upon, nor delay Landlord in, the maintenance and operation of the Building, nor endanger the health or safety of any party in the Building. 
  

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 4.7.4 Compliance With Laws. All work and materials installed in the Premises by Tenant or at
Tenant’s request shall comply with all Rules and Regulations of the Project, all insurance requirements, and all laws, ordinances, rules and regulations of all Governmental Authorities. Tenant agrees to hold Landlord forever harmless from any
and all claims and liabilities of every kind and description, including without limitation Landlord’s attorneys’ fees, which may arise out of or be connected in any way with Alterations, to the extent such claims and liabilities are not
covered by insurance. 
 4.7.5 Insurance Requirements. In the event Tenant employs any contractor to do any work in the Premises,
Tenant shall provide Landlord with certificates naming Landlord and such other parties as Landlord may designate as additional insured under policies of builder’s risk and general liability insurance in amounts and with insurers reasonably
satisfactory to Landlord. Tenant shall also provide evidence of satisfactory worker’s compensation coverage in accordance with statutory requirements. 
 4.7.6 Lien Waivers; Liens. Upon completion of such Alterations, Tenant shall arrange to have its contractor deliver to Landlord a lien waiver sufficient to assure Landlord that no statutory lien could be filed
against the Building or the Project relating to such Alterations. Notwithstanding the foregoing, if any statutory lien shall be filed against the Premises or the Project purporting to be for labor or materials furnished or to be furnished at the
request of Tenant, then Tenant shall at its expense cause such lien to be discharged by payment, by posting of a cash or surety bond reasonably satisfactory to Landlord or by other assurances reasonably satisfactory to Landlord, within thirty
(30) days after the filing thereof. If Tenant shall fail to take such action within such thirty (30) day period, upon written notice to Tenant, Landlord may cause such lien to be discharged by payment, bond or otherwise, after reasonable
investigation as to its validity or adverse effect on marketable title to the Building or the Project. Tenant shall indemnify and hold harmless Landlord against any and all claims, costs, damages, liabilities and expenses (including attorneys’
fees) incurred by Landlord by reason of any such lien or its discharge, and all such sums properly paid by Landlord as permitted in this Section shall be deemed to be Rent due and payable upon demand. No part of this Lease shall be deemed or
construed in any way as constituting the consent of or request by Landlord to any contractor, subcontractor, laborer or materialman for the performance of any labor or the furnishing of any materials to the Premises or the Project, or any part
thereof, or the imposition of any lien against the estates of Landlord or Tenant. 
 4.8 Entry for Repairs and Inspection. Landlord
shall have the right to enter the Premises at any time without notice in the event of an emergency. Furthermore, Landlord or Landlord’s agents or representatives shall have the right to enter into and upon any part of the Premises at all
reasonable hours with prior notice (oral or written) to Tenant to inspect same, make repairs, alterations or additions thereto in accordance with the terms of this Lease or to exhibit the Premises to (a) prospective tenants during the last
twelve (12) months of the Term or (b) upon reasonable advance notice, to prospective purchasers or to others, or for other reasonable purposes. Except as otherwise expressly provided in this Lease, Tenant shall not be entitled to any
abatement or reduction of Rent or any other sums due under this Lease by reason of such access afforded to Landlord. If representatives of Tenant shall not be present to open and permit entry into the Premises at any time when such entry by Landlord
is necessary or permitted hereunder, Landlord, its employees, contractors and agents may enter by means of a master key or key card (or forcibly in the event of an emergency) without such entry constituting an eviction of Tenant or termination of
this Lease. In the exercise of any rights of entry to the Premises permitted to Landlord under this Section, Landlord shall use reasonable efforts to minimize any disturbance of Tenant’s use, enjoyment and possession of the Premises.

 4.9 Assignment or Sublease. 
 4.9.1 Rights of Assignment and Sublease. Except with respect to an assignment to a Tenant Affiliate as hereinafter provided, which shall not require Landlord’s consent, and except with the prior notice of at least thirty
(30) days and the written consent of Landlord, which consent Landlord shall not unreasonably or arbitrarily withhold, condition or delay, Tenant shall not voluntarily (i) assign or in any manner transfer this Lease or any estate or
interest therein, (ii) permit any assignment of this Lease or any estate or interest therein by operation of law or otherwise, (iii) sublet the Premises or any part thereof, (iv) grant any license, concession or other right of 

  

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occupancy of any portion of the Premises other than for services which are incidental to office work (e.g., copying, vending machines, etc.), or
(v) permit the use of the Premises by any parties other than Tenant, its managers, agents, employees, officers, licensees or invitees. If Tenant is a corporation, then any transfer of the Lease from Tenant by merger, consolidation or
dissolution or any change in ownership or power to vote a majority of the voting stock in Tenant outstanding on the date of this Lease shall not constitute an assignment for purposes of this Section. If Tenant is a general or limited partnership,
the transfer of any partnership interest, or a change in the constitution of the partnership by death, withdrawal or retirement of a partner, or interests constituting a majority or the reallocation of partnership interests, in each case provided
that the partnership remains in existence, shall not constitute an assignment for the purposes of this Section. Tenant shall not mortgage, pledge or otherwise encumber its interest in this Lease or in the Premises. Consent by Landlord to one or more
assignments or sublettings shall not be a waiver of Landlord’s rights as to any subsequent assignments and sublettings. Assignment of this Lease or subletting of all or any part of the Premises to a Tenant Affiliate will require that at least
thirty (30) days notice be given to Landlord, but consent or approval of Landlord shall not be required so long as Tenant continues to remain liable under this Lease for the performance of all terms and obligations of this Lease, including, but
not limited to, payment of all Rent and other sums due under this Lease. A “Tenant Affiliate” shall mean any entity owned or controlled by Tenant constituting at a minimum a majority of the ownership interests in such entity and
“owned or controlled by” shall mean ownership of more than a fifty percent (50%) interest in such entity. 
 4.9.2 Matters
Affecting Transfer. Any approved transfer shall be expressly subject to the terms and conditions of this Lease. In the event of an assignment or subletting, Tenant and any guarantors under this Lease shall remain fully responsible and liable for
the payment of Rent and for compliance with all of Tenant’s other obligations under this Lease and any guaranty delivered under this Lease shall remain in effect. If an event of default occurs following any approved transfer, Landlord, in
addition to any other available remedies, may collect directly from Tenant’s assignee or sublessee all rents becoming due to Tenant and apply such amount against any sums due to Landlord by Tenant. Tenant authorizes and directs any assignee or
sublessee to pay rent directly to Landlord upon receipt of notice from Landlord of Tenant’s default. No direct collection by Landlord from any assignee or sublessee shall constitute a novation or a release of Tenant or any guarantor from the
further performance of its remaining obligations under this Lease, nor shall receipt by Landlord of Rent from any assignee, sublessee or occupant of the Premises be a waiver of the covenant in this Lease prohibiting assignment and subletting.

 4.9.3 Consent to Assignment or Sublease. If Tenant requests Landlord’s consent to an assignment of this Lease or subletting of
all or a part of the Premises, Tenant shall submit to Landlord, in writing, (i) the name of the proposed assignee or sublessee, (ii) current financial statements, if any, available to Tenant disclosing the financial condition of the
proposed assignee or subtenant, (iii) the nature of the business of the proposed assignee or sublessee, and its proposed use of the Premises (any assignment or subletting being subject to restrictions on use contained in this Lease, and a
violation of such restrictions by the proposed assignee or sublessee shall constitute absolute grounds for Landlord’s denial of the requested assignment or subletting, such grounds not being the exclusive grounds for denial under clause (iii)),
and (iv) the proposed commencement date of the assignment or subletting, together with a copy of the proposed assignment or sublease. Within fifteen (15) business days after its receipt of such notice, Landlord shall either approve or
disapprove such proposed assignment or sublease in writing. Landlord reserves the right to withhold consent to any proposed assignment or sublease to any third party other than a Tenant Affiliate if the creditworthiness of such third party is not
comparable to Tenant’s creditworthiness at the time this Lease was executed. 
 4.9.4 Additional Limitations Relative to Assignment
and Subletting. Notwithstanding anything in this Lease to the contrary, Tenant further agrees that any assignment or sublet shall be subject to the following additional limitations: (i) In no event may Tenant assign this Lease or sublet all
or any portion of the Premises to an existing tenant of the Building or the Project or its subtenant or assignee; (ii) In no event shall the proposed subtenant or assignee be a person or entity with whom Landlord or its agent is negotiating and
to or from whom Landlord, or its agent, has given or received any written or oral proposal within the past six (6) months regarding a lease of space in the Building or the Project; (iii) Tenant shall not publicly advertise the rate for
which Tenant is willing to sublet the space; and all public advertisements of the assignment of the Lease or sublet of the Premises, or any portion thereof, shall be subject to prior approval in writing by Landlord, such approval not to be
unreasonably withheld or delayed; and (iv) Tenant shall not use a likeness of the Building or the Premises in any advertisement unless any such likeness has been approved by Landlord. Said public advertisements shall include, but not be limited
to, the placement or display of any signs or lettering on the exterior of the Premises, or on the glass or any window or door of the Premises, or in the interior of the Premises if it is visible from the exterior. 
  

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 4.9.5 Effect of Assignment or Sublease. If Landlord consents to any subletting by Tenant and
subsequently any rents received by Tenant under such sublease are in excess of the Rent payable by Tenant under this Lease, or any additional consideration is paid to Tenant by the assignee under the assignment, then Landlord shall be entitled to
retain such excess and such additional consideration. 
 4.9.6 Assumption by Assignee. Each permitted assignee shall assume, and be
deemed to have assumed, this Lease and be and remain liable jointly and severally with Tenant for all payments and for the due performance of all its terms, covenants and conditions. No approved assignment shall be binding upon Landlord unless
Landlord shall receive an instrument in recordable form containing a covenant of assumption by the assignee, but the failure or refusal of an assignee to execute the same shall not release it from its liability as set forth herein. Tenant shall pay
Landlord’s reasonable counsel fees in connection with any proposed assignment or subletting. In the event that the proposed assignee or sublessee is an existing tenant of the Building or the Project, Landlord, at its option and its sole
discretion, shall have the right to cancel this Lease and lease the Premises or any portion of the Premises to be assigned or sublet to the proposed assignee or sublessee under the terms of its existing lease with Landlord. 
 4.10 Subordination to Mortgage. This Lease is subject and subordinate to any and all mortgages or deeds of trust currently existing on the
property of which the Premises is a part, and this clause shall be self-operative without any further instrument necessary to effect such subordination. If requested by Landlord, Tenant shall promptly execute and deliver to Landlord any such
agreements in a commercially reasonable form as Landlord may reasonably request evidencing the subordination of this Lease to such mortgages or deeds of trust; provided that Landlord shall obtain for the benefit of Tenant a non-disturbance agreement
in a commercially reasonable form from any such mortgagee, trustee or beneficiary currently having an interest in all or any portion of the Premises expressly stating that upon succession of ownership by a lender (a) this Lease shall continue
in full force and effect as a direct lease between such lender and Tenant, and (b) such lender shall not disturb Tenant’s right of quiet possession of the Premise under the terms of the Lease so long as Tenant is not in default beyond any
applicable grace period of any term, covenant or condition of this Lease. This Lease shall be subject and subordinate to any mortgage or deed of trust which may hereafter encumber the property of which the Premises is a part. Any subordination
agreement provided by the lender of Landlord shall confirm, among other things, and Tenant hereby confirms and agrees to the following, that: (i) the disposition of the proceeds of the insurance of the Landlord shall be governed and controlled
by the lender of the Landlord and the loan documents of such lender, (ii) the lender of the Landlord shall be entitled to receive concurrent written notice of any default (and a cure period of thirty days in which to effect a cure on behalf of
the Landlord which cure period shall be in addition to any cure period provided to the Landlord which cure will be accepted by Tenant) or event of default by Landlord hereunder as provided by Tenant to Landlord provided that Tenant is provided with
written notice of the name and address of the lender of Landlord, (iii) a successor landlord is not liable for any default of a prior landlord, (iv) a successor landlord is not subject to offsets or other defenses against a prior landlord
except for those matters of which Tenant has provided prior written notice to the successor landlord and an opportunity for the successor landlord to cure, and (v) a successor landlord is not liable for the return of any security deposit posted
by Tenant unless such security deposit is delivered to successor landlord by the prior landlord. Tenant’s obligations under this Lease shall continue in full force and effect notwithstanding any such default proceedings under a mortgage or deed
of trust and Tenant shall attorn to the mortgagee, trustee or beneficiary of such mortgage or deed of trust, and their successors or assigns, and to the transferee under any foreclosure or default proceedings. Tenant will, upon request by Landlord,
execute and deliver to Landlord or to any other person designated by Landlord, any instrument or instruments in a commercially reasonable form required to give effect to the provisions of this paragraph. 
 4.11 Estoppel Certificate. Tenant shall, at any time and from time to time, within ten business (10) days following written request from
Landlord, execute, acknowledge and deliver a written statement certifying if true that this Lease is in full force and effect and unmodified (or, if modified, stating the nature of such modification), certifying the date to which Rent has been paid,
certifying whether or not, to Tenant’s best knowledge, there are any uncured defaults by Landlord or specifying such defaults if any are claimed, and certifying such other matters as Landlord may reasonably request. Any such statement may be
relied upon by a prospective purchaser or mortgagee of all or any part of the Building. Tenant’s failure to deliver such statement within said ten (10) day period shall constitute Tenant’s certification that this Lease is in full
force and effect and unmodified, and that there are no uncured defaults by Landlord. 
  

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	V.	INSURANCE 

 5.1 Casualty Insurance. During
the Term, Landlord shall insure the Building against loss or damage by fire, or other insurable hazards and contingencies through all risk insurance (which sometimes may be referenced in the insurance industry as special cause of loss insurance),
including fire and extended coverage, in amounts, coverages and with deductibles as are commercially reasonable and as are in effect for comparable buildings. Landlord shall not be obligated to insure any furniture, equipment, machinery, goods or
supplies which Tenant may bring or obtain upon the Premises or any leasehold improvements which Landlord requires Tenant to remove at the end of the Term. If the premiums for any casualty insurance exceed the standard rates because Tenant’s
operations result in increased premiums, then Tenant shall upon receipt of appropriate invoices reimburse Landlord for such excess. Tenant shall maintain at its expense, in an amount equal to full replacement cost, fire and extended coverage
insurance on all leasehold improvements and on all of its personal property, including removable trade fixtures, located in the Premises plus such additional insurance as may be required to meet Tenant’s obligations under Section 5.2.2.

 5.2 Liability Insurance. 
 5.2.1 Landlord’s Obligation. During the Term, Landlord shall obtain and keep in force comprehensive general liability insurance in amounts, coverages and with deductibles as are commercially reasonable and as are in effect for
comparable buildings. 
 5.2.2 Tenant’s Obligation. During the Term, Tenant shall procure, and shall maintain, at Tenant’s
sole cost and expense, (i) general public liability insurance, including contractual liability coverage for the indemnity obligations of Tenant set forth herein, against claims for personal and bodily injury, death or property damage occurring
upon, in or about the Premises with carriers and in amounts reasonably satisfactory to Landlord, but not less than Three Million and No/100 Dollars ($3,000,000.00) per occurrence and Five Million Dollars ($5,000,000.00) in the aggregate for bodily
injury and property damage, which limits may be satisfied using an umbrella liability insurance policy that provides coverage in excess of the general liability policy, (ii) business income and extra expense coverage in such amounts as will
reimburse Tenant for direct or indirect loss or earnings attributable to any loss caused by fire or other casualty or cause including, but not limited to, vandalism, theft and water damage of any type, and (iii) casualty insurance in an amount
that Tenant deems sufficient to insure its personal property in the Premises. Landlord makes no representation that Tenant’s coverage requirements hereunder are adequate to protect Tenant’s undertakings under this Lease. If Tenant believes
that such coverage amounts are insufficient, Tenant shall procure such additional insurance that Tenant deems adequate at Tenant’s sole cost and expense. 
 5.3 Other Insurance. Landlord shall obtain (i) worker’s compensation and employers’ liability insurance as required by law; and (ii) additional rental income insurance as an endorsement to
Landlord’s all risk policy. Landlord may, at its option, obtain insurance against losses due to theft or burglary as reasonably determined by Landlord. 
 5.4 Insurance Standards; Waiver of Subrogation. 
 5.4.1 All of Tenant’s insurance policies
and renewals thereof as are required in this Section 5 shall name Landlord as an additional insured and shall be written as primary policies not contributory with and not in excess of coverage which Landlord may carry. All of Tenant’s
insurance policies shall provide (i) that no material change or cancellation of said policies shall be made without thirty (30) days’ prior written notice to Landlord, and (ii) that the insurance company issuing the same shall
have waived any right of subrogation against Landlord. All policies of insurance which are secured by Landlord and Tenant as required by this Lease shall include appropriate deductible amounts so that insurance premiums therefor are commercially
reasonable. Before Tenant’s initial entry into the Premises and thereafter at least thirty (30) days prior to the expiration dates of said policy or policies, both Landlord and Tenant shall provide each to the other copies of policies or
certificates of insurance evidencing all coverages required of Landlord or Tenant or either of them by this Lease. All the insurance required under this Lease shall be primary and non-contributory, issued by companies which are rated at least A/VIII
in Best’s Insurance Reports and authorized to do business in North Carolina. 
  

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 5.4.2 Neither Landlord nor Tenant shall be liable to the other or to any insurance company (by way
of subrogation or otherwise) insuring the other party for any loss or damage to the Premises, the Building or other tangible property of Landlord or Tenant, or any resulting loss of income, or losses under worker’s compensation laws and
benefits, even though such loss or damage might have been occasioned by the negligence of such party, its agents, employees, invitees or contractors, if and to the extent that any such loss or damage has been paid by insurance benefiting the party
suffering such loss or damage or would have been paid if the injured party had carried the insurance required of it pursuant to this Lease. 
 5.5 Indemnity for Insurance Coverage. Because the Landlord is required to maintain casualty insurance pursuant to this Lease, and because of the existence of waivers of subrogation set forth in this Lease, Landlord shall indemnify,
defend and hold Tenant harmless from and against any claims resulting or arising from any damage to any property outside of the Premises to the extent such claims are covered by such insurance, or would have been covered by such insurance had
Landlord obtained the same as required by this Lease, even if resulting from the negligent acts or omissions of Tenant or Tenant’s agents, contractors, employees, subtenants, invitees or licensees together with reasonable attorney’s fees
incurred in connection therewith. Similarly, because Tenant must carry casualty insurance pursuant to the Lease to cover its personal property within the Premises, Tenant shall indemnify, defend and hold Landlord harmless from and against any claims
to the extent such indemnified claims are covered by such insurance, or would have been covered by such insurance had Tenant obtained the same as required under this Lease, even if resulting from the negligent acts or omissions of Landlord or
Landlord’s agents, contractors, employees, assignees, invitees or licensees together with reasonable attorney’s fees incurred in connection therewith. 
 5.6 No Release. Tenant’s and Landlord’s indemnification obligations in this Section shall survive the expiration or earlier termination of this Lease. Tenant’s and Landlord’s covenants,
agreements and indemnity obligations in this Lease are not intended to and shall not relieve any insurance carrier of its obligations under policies required to be carried by Landlord or Tenant, respectively, pursuant to the provisions of this
Lease. 
 5.7 Casualty Damage. If the Premises shall be damaged by fire or other casualty, Tenant shall give prompt written notice to
Landlord. If the Building or any part thereof or access thereto shall be so damaged or destroyed by fire or other casualty that substantial alteration or reconstruction of the Building and access thereto shall, in the good faith and reasonable
determination of the Landlord’s architect, be required with such repair taking longer than one hundred eighty (180) days (whether or not the Premises shall have been damaged by such casualty), or in the event any Mortgagee should require
that the insurance proceeds be applied to the payment of the mortgage debt, or in the event of any material uninsured loss to the Building, or in the event of any substantial damage to the Building within the final two (2) Lease Years of the
Initial Term or an exercised Renewal Term, Landlord may, at its option, terminate the Lease by notifying Tenant in writing within thirty (30) days after the date of such damage. In case the Premises shall be so damaged by fire or other casualty
that substantial alteration or reconstruction of the Building shall, in the mutual good faith and reasonable determination of the Landlord’s architect, be required, Tenant shall have the right to terminate this Lease upon thirty (30) days
prior written notice to Landlord if Landlord (i) has not completed, (ii) cannot complete or (iii) in the opinion of the Landlord’s architect, cannot reasonably be expected to complete substantially the making of any required
repairs and restorations within one hundred eighty (180) days from the date of such damage or destruction. In addition, if any such damage or destruction shall occur during the last two (2) Lease Years of the Initial Term or an exercised
Renewal Term, Tenant, at its option, may terminate this Lease by giving prior written notice to Landlord within thirty (30) days after the events specified in clauses (i), (ii), or (iii) above occur or become determinable. Rent shall abate
and be prorated as of the date such damage occurs and during any period of repair and restoration to the extent the Premises or any material part thereof are rendered unusable or access thereto is denied Tenant. Subject to the provisions of any deed
of trust encumbering the Building, if Landlord or Tenant does not thus elect to terminate this Lease, Landlord shall commence and diligently proceed to restore and repair (to the extent of the insurance proceeds received by Landlord) the Building or
the Project and the Premises to substantially the same condition in which it was immediately prior to the happening of the casualty except that Landlord’s obligation to restore shall not exceed the scope of Landlord’s Work, adjusted for
inflation, in originally constructing the Building or the Project, as applicable. When the Landlord’s Work with respect to such reconstruction or restoration has been completed, Landlord and Tenant shall 

  

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complete the restoration of the Premises, including the reconstruction of all leasehold improvements and the restoration of Tenant’s furniture and
equipment. Landlord shall not be liable for any inconvenience or annoyance to Tenant or injury to the business of Tenant resulting in any way from such damage or repair, except that Landlord shall allow Tenant a fair diminution of Rent during the
time and to the extent the Premises or any material portion thereof are unfit for occupancy or access to the Premises is materially affected. Notwithstanding anything contained herein to the contrary, if the casualty results from the fault or gross
negligence of Tenant or any of Tenant’s agents, employees or invitees, (i) Rent shall not be diminished during the repair of such damage, (ii) Tenant shall be liable to Landlord for the cost of the repair and restoration of the
Building to the extent such cost and expense is not covered by insurance proceeds, and (iii) Tenant shall have no right to terminate this Lease. 
 5.8 Additional Rights Regarding Restoration. If neither Tenant nor Landlord has elected or has the right to terminate this Lease pursuant to Section 5.7 above, and if Landlord shall not have substantially
repaired or restored the Building and Premises and access thereto (to the extent such items are required to be repaired pursuant to Section 5.7) within the later of: (i) the applicable time periods set forth in Section 5.7 after such
damage or destruction (which time periods shall be extended by the amount of any construction delays caused by Force Majeure and/or Tenant Delays); or (ii) thirty (30) days after the time period that the parties mutually estimate would be
required to substantially complete such repairs pursuant to Section 5.7 above (which time periods shall be extended by the amount of any construction delays caused by Force Majeure and/or Tenant Delays), then Tenant shall again have the right
to terminate this Lease by delivering written notice thereof to Landlord within thirty (30) days thereafter, which termination shall be effective as of the date Landlord receives such notice. However, such termination notice shall have no force
or effect if Landlord performs such substantial repairs at any time within thirty (30) days after Landlord’s receipt of Tenant’s termination notice. For purposes of this section, the Premises shall be deemed “substantially”
repaired or restored if the only items remaining to be repaired or restored are minor “punchlist” items, which can be fully completed without material interference with Tenant’s permitted use hereunder, which Landlord shall promptly
repair thereafter. Unless Tenant or Landlord elects to terminate this Lease pursuant to this Section 5.8, this Lease shall continue in full force and effect, except for the abatement of Rent to the extent provided in Section 5.7 in this
Lease. 
 5.9 Application of Insurance Proceeds. If this Lease is terminated by reason of damage or destruction, each party shall be
entitled to retain the insurance proceeds awarded to such party by that party’s insurer. Subject to the provisions of any deed of trust encumbering the Building, if this Lease is not terminated by reason of any such damage or destruction, then
all insurance proceeds payable by reason of damage or destruction to the Premises, Tenant’s Work or Alterations or to the Project or access thereto shall be disbursed to the party making such repairs in a manner reasonably satisfactory to
Landlord, Tenant and any mortgagee or beneficiary under any mortgage or deed of trust encumbering the Project, the Building, or Premises for use in reconstruction of the Project, Building or Premises, or access thereto. Upon completion of the
repairs or reconstruction of such Building, any remaining insurance proceeds shall be paid to the parties whose policies provided such proceeds. 
  

	VI.	CONDEMNATION 

 6.1 Effect of Condemnation. If
the whole or substantially the whole (being more than 25%) of the Premises or access thereto should be taken for any public or quasi-public use, under any statute or by right of eminent domain or otherwise or should title to the Building or access
thereto be taken or be sold by private purchase in lieu of condemnation, then this Lease shall terminate as of (i) the date when physical possession of the Premises is taken or access thereto is substantially impaired by the condemning
authority; or (ii) the date that the Premises, or access thereto is adversely affected by the taking and Tenant’s use or enjoyment of the Premises is substantially impaired. If less than substantially all of the Building or less than 25%
of the Premises is thus taken or sold, or in the event of a temporary taking of less than one hundred eighty (180) days, Landlord (whether or not the Premises are affected thereby) may not terminate this Lease but Tenant’s Rent shall be
abated during the period of such partial taking and Landlord shall proceed with due diligence to make all necessary repairs and alterations to the extent of the proceeds received. If this Lease is not so terminated upon any such taking or sale, Rent
shall be reduced by an equitable amount considering the degree to which the Premises is affected. Subject to the provisions of any deed of trust affecting the Building, Landlord shall restore the Building and the Premises to the extent feasible in
light of the portion condemned, and except to the extent Landlord is required to insure Tenant’s improvements to the Premises, such work shall not exceed the scope of Landlord’s Work, adjusted for inflation, in originally constructing the
Building and the Premises. 
  

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 6.2 Proceedings in Condemnation. Landlord and Tenant shall use commercially practicable efforts to
have the court in any proceeding in connection with any taking pursuant to Section 6.1 allocate any award in the manner specified in this Section 6.2. Tenant shall have the right to participate in any such proceeding and to request that
the court allocate any award in the manner specified in this Section 6.2. Landlord shall be entitled to receive the entire amount of any compensation awarded or paid upon any taking described in or governed by Section 6.1, except that
Tenant shall be entitled to the following portions of such compensation or award: (i) all costs of relocating Tenant’s business (severance damages) and (ii) the value of Tenant’s trade fixtures taken and the portion of tenant
improvements paid for by Tenant; provided, however, in no event shall Tenant be entitled to any compensation for the loss of its leasehold estate. 
 6.3 Notice of Execution. Immediately upon service of process or other notice upon either party in connection with any appropriation, taking or temporary taking relating to the Project, the Building, the Premises, or access thereto,
such party shall give written notice thereof to the other. Each party agrees to execute and deliver to the other all instruments that may be required to effectuate the provisions of this Section. Each party reserves the right to appear in any
proceedings in connection with any taking or temporary taking. 
  

	VII.	TENANT’S DEFAULT 

 7.1 Default by
Tenant. Any of the following events shall constitute an event of default by Tenant under this Lease: 
 7.1.1 Payments Due. A
failure by Tenant to pay any Rent within five (5) days after the due date therefore (provided that Tenant shall be entitled to written notice and a five (5) day cure period once during each Lease Year) or pay any other payment due
hereunder within thirty (30) days after the due date therefor or Tenant’s submission of a check for which Tenant has insufficient funds on account. Tenant’s payment of less than the full amount due shall be applied to the earliest
installment of Rent due. No endorsement or statement on any check or letter shall be deemed an accord and satisfaction. Landlord may accept any such payment without prejudicing its right to recover any outstanding balance or pursue any other remedy.

 7.1.2 Bankruptcy. Tenant shall file on its own behalf a petition for relief (or such petition for relief shall be filed against
Tenant and remain undischarged for a period of sixty (60) days after the date of such filing) under any section or chapter of the Federal Bankruptcy Code, as amended, or under any similar law or statute of the United States or any state; or
Tenant shall be adjudged bankrupt or insolvent; or an order shall be entered by any Governmental Authority for the dissolution or liquidation of Tenant. 
 7.1.3 Appointment of Receiver. The appointment of a receiver, liquidator or trustee for the Premises or for all or substantially all of the assets of Tenant which remains undischarged for a period of ninety
(90) days after the date thereof. 
 7.1.4 Other Defaults. A failure by Tenant to comply with or to observe and perform any
provisions of this Lease or any other agreement between Landlord and Tenant (including any work letter for construction of Tenant Improvements) or to fulfill any covenants of this Lease other than any failure addressed in Subsections 7.1.1 or 7.1.2
above where such failure continues for thirty (30) days after written notice to Tenant from Landlord specifying the nature of said default, all the foregoing referenced provisions and covenants being deemed material. In case of a default that
cannot be reasonably completely cured or remedied within said period, Tenant shall be in default if Tenant does not commence a cure within such period, or, having commenced, if Tenant fails to diligently proceed to remedy or cure such default and
promptly complete such remedy. 
 7.2 Multiple Defaults. 
 7.2.1 Loss of Option Rights. Tenant acknowledges that any rights or options of first refusal, or to extend the Term, to expand the size of the Premises, or other similar rights or options which have been
granted to Tenant under Section 7.1.1 of this Lease are conditioned upon the prompt and diligent performance of the terms of this Lease by Tenant. Accordingly, should Tenant default under this Lease on two or more occasions during any 12-month
period, in addition to all other remedies available to Landlord, all such rights and options shall automatically, and without further action on the part of any party, expire and be of no further force and effect. 
  

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 7.2.2 Increased Security Deposit. Should Tenant default in the payment of Rent, or any other sums
payable by Tenant under this Lease on two (2) or more occasions during any 12-month period, regardless of whether Landlord permits such default to be cured, then, in addition to all other remedies otherwise available to Landlord, Tenant, within
ten (10) days after demand by Landlord, shall post a security deposit in, or increase the existing security deposit by, a sum equal to three (3) months’ installments of Base Rent at the rate in effect at the time of Landlord’s
demand not to exceed the equivalent of four (4) months’ installments of Base Rent. The security deposit shall be governed by the terms of this Lease. 
 7.3 Landlord’s Remedies. Upon the occurrence of any event of default and the lapse of any grace or cure periods without cure thereof, Landlord shall have the option to pursue any one or more of the
following remedies upon notice to Tenant: 
 7.3.1 Termination. Terminate this Lease or terminate Tenant’s right to possession
pursuant to judicial action, and in either event, accelerate all obligations of Tenant owed to Landlord under the Lease and force Tenant to immediately surrender the Premises to Landlord. Tenant agrees to pay to Landlord on demand the costs which
Landlord may suffer by reason of such termination. Immediately upon any termination Landlord shall be entitled to recover from Tenant (i) all outstanding and unpaid Rent as of the date of such termination, (ii) the unamortized cost of the
Tenant Improvements, (iii) the amount of any Rent that was abated pursuant to Section 2.3, and (iv) all future Rent due, which future Rent shall be discounted to present value using a discount rate equal to the U.S. Treasury Bill or
Note rate with the closest maturity to the remaining term of the Lease as selected by Landlord. 
 7.3.2 Possession. Pursuant to
judicial process, enter upon and take possession of the Premises and expel or remove Tenant and any other person who may be present, by reasonable force if necessary (to the extent allowed by law), without terminating the Lease or being liable for
prosecution or any claim for damages, and, if Landlord so elects, relet the Premises on such terms as Landlord may determine. Proceeds of reletting the Premises shall be applied to pay (i) first, all costs of Landlord incurred in connection
with such reletting (including without limitation, all costs and expenses of taking possession of the Premises, securing new tenants, including expenses for redecoration, alterations or other upfit costs), (ii) second, any indebtedness of
Tenant other than Rent, (iii) third, all then-outstanding Rent due hereunder, and (iv) fourth, any future obligations of Tenant, including without limitation, Rent. Tenant agrees to pay to Landlord on demand any deficiency that may arise
by reason of such reletting. 
 7.3.3 Entry. Pursuant to judicial process, enter upon the Premises, by reasonable force if necessary
(to the extent allowed by law), without being liable for prosecution or any claim for damages, and do whatever Tenant is obligated to do under the terms of this Lease. Tenant agrees to reimburse Landlord on demand for any expenses which Landlord may
incur in effecting compliance with Tenant’s obligations. 
 7.4 Bankruptcy. In the event of a bankruptcy filing by or against the
Tenant as described in Section 7.1.2, the following provisions shall apply: 
 7.4.1 Trustee’s Rights. Landlord and Tenant
understand that, notwithstanding contrary terms in this Lease, a trustee or debtor in possession under the United States Bankruptcy Code, as amended (the “Code”), may have certain rights to assume or assign this Lease. This Lease shall not
be construed to give the trustee or debtor in possession any rights greater than the minimum rights granted under the Code. 
 7.4.2
Adequate Assurance. Landlord and Tenant acknowledge that, pursuant to the Code, Landlord is entitled to adequate assurances of future performance of the provisions of this Lease. The parties agree that the term “adequate assurance”
shall include at least the following: 
 (a) In order to assure Landlord that any proposed assignee will have the resources
with which to pay all Rent payable pursuant to the provisions of this Lease, any proposed assignee must have, as demonstrated to Landlord’s satisfaction, a net worth (as defined in accordance with generally accepted accounting principles
consistently applied) of not less than the net worth of Tenant on the date on 

  

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which this Lease was fully executed (the “Effective Date”), increased by seven percent (7%), compounded annually, for each year from the Effective
Date through the date of the proposed assignment. It is understood and agreed that the financial condition and resources of Tenant were a material inducement to Landlord in entering into this Lease. 
 (b) Any proposed assignee must have been engaged in the conduct of business for five (5) years prior to any such proposed assignment,
which business does not violate the use provisions set forth in Section 2.2, and such proposed assignee shall continue to engage in such use of the Premises. It is understood that Landlord’s asset will be substantially impaired if the
trustee in bankruptcy or any assignee of this Lease makes any use of the Premises other than that allowed in Section 2.2. 
 7.4.3
Assumption of Lease Obligations. Any proposed assignee of this Lease pursuant to the provisions of the Code must assume and agree to be bound by the provisions of this Lease, as evidenced by a written assumption in form and substance acceptable
to the Landlord. 
 7.5 Remedies Cumulative. Pursuit of any one or more of the remedies provided in this Lease shall not preclude
pursuit of any other remedies provided hereunder or by law, which shall be cumulative, nor shall pursuit of any remedy constitute a forfeiture or waiver of any Rent due or of any damages accruing to Landlord by reason of the breach. Actions to
collect amounts due Landlord may be brought from time to time, on one or more occasions without the necessity of Landlord’s waiting until the expiration of the Term. 
 7.6 Cure Rights. Landlord may cure, at any time, without notice except as otherwise herein provided, any default by Tenant under this Lease. Whenever Landlord so elects, all unrecovered costs and expenses
incurred by Landlord in curing a default, including, without limitation, reasonable attorneys’ fees, together with interest on the amount of costs and expenses so incurred at the Contract Rate, such costs and expenses shall be paid by Tenant to
Landlord on demand, and shall be recoverable as Rent. 
 7.7 Rights Upon Possession. Upon the occurrence of an uncured event of
default by Tenant and exercise of Landlord’s remedies hereunder, Landlord may make such alterations, repairs, replacements and/or decorations in the Premises as Landlord, in its commercially reasonable judgment, considers advisable and
necessary for reletting the Premises. Such undertakings shall not operate or be construed to release Tenant from its liability. Landlord shall in no event be liable in any way whatsoever for failure to relet the Premises, or in the event that the
Premises are relet, for failure to collect the rent under such reletting. The failure of Landlord to relet the Premises or any part or parts thereof shall not release or affect Tenant’s liability for damages. In no event shall Tenant be
entitled to any excess rent obtained by reletting. In determining the amount of loss or damage which Landlord may suffer by reason of termination of this Lease or the deficiency arising by reason of any reletting of the Premises, Landlord shall be
entitled to recover, in addition to any other damages elsewhere provided in this Lease, at law or in equity, such unrecovered reasonable expenses as Landlord may incur in connection with reletting of the Premises (including, without limitation,
court costs, attorneys’ fees and disbursements, brokerage expenses and expenses for putting and keeping the Premises in good order or for preparing the same for reletting as herein provided). 
 7.8 Prevailing Party; Venue. If either party places in the hands of an attorney the enforcement of this Lease, or any part thereof, or the
collection of any Rent due or to become due hereunder, or recovery of the possession of the Premises, or files suit upon the same, the non-prevailing (or defaulting) party shall pay the other party’s reasonable attorneys’ fees and court
costs. The parties agree that any litigation concerning this Lease may be brought before the Superior Court of North Carolina and that Mecklenburg County, North Carolina shall be the proper venue for any such action. 
 7.9 Landlord Default. In the event of any default by Landlord under this Lease, Tenant will give Landlord written notice specifying such default
with particularity, and Landlord shall thereupon have thirty (30) days (or such longer period as may be required in the exercise of due diligence) in which to cure any such default. Unless and until Landlord fails to so cure any default after
such notice, Tenant shall not have any remedy or cause of action by reason thereof. All obligations of Landlord hereunder will be construed as covenants, not conditions. Notwithstanding any other provisions of this Lease to the contrary, Tenant
shall look solely to Landlord’s equity in the Building, and not to any other or separate business or non-business assets of Landlord, or any partner, 

  

 22 

 
shareholder, officers or representative of Landlord, for the satisfaction of any claim brought by Tenant against Landlord, and if Landlord shall fail to
perform any covenant, term or condition of this Lease upon Landlord’s part to be performed, and as a consequence of such default, Tenant shall recover a monetary judgment against Landlord, such judgment shall be satisfied only: (i) out of
the proceeds of sale received upon levy against Landlord’s equity in the Building, and/or (ii) to the extent not encumbered by a secured creditor, out of the rents or other incomes receivable by Landlord from the Building. With respect to
any provisions of this Lease which provides that Landlord shall not unreasonably withhold or delay any consent or approval, Tenant shall not have, and Tenant hereby waives, any claim for money damages; nor shall Tenant claim any money damages by way
of setoff, counterclaim or defense, based upon any allegation of unreasonableness by Landlord. Tenant’s sole remedy shall be an action or proceeding to enforce any such provisions, or for specific performance, injunction or declaratory
judgment. 
  

	VIII.	MISCELLANEOUS PROVISIONS 

 8.1 Force Majeure.
Whenever a period of time is prescribed for the taking of any action by Landlord or by Tenant, neither Landlord nor Tenant shall be liable or responsible for, and there shall be excluded from the computation of such period of time, any delays due to
strikes, fire, earthquakes, floods, acts of God, governmental regulations, shortages of labor or materials, war, governmental laws, regulations or restrictions, lack of governmental agency or municipal responsiveness or any other cause whatsoever
beyond the control of Landlord or Tenant, as applicable (all of which are sometimes referenced collectively in this Agreement as “Force Majeure”) excluding however the financial condition of, or the unavailability or cost of funds to,
either party or payment of rent or any other charge hereunder. This Section 8.1 shall not apply with respect to interruption of services pursuant to Section 10 of Exhibit E. 
 8.2 Sale of the Building. Landlord shall have the right to transfer and assign, in whole or in part, all its rights and obligations hereunder, and
in the Project, the Building and leasehold improvements, and upon the transferee’s express assumption of Landlord’s obligations hereunder, Landlord shall be relieved of all responsibility for the Premises, the Building and/or the Project,
as applicable, and no further liability or obligations shall accrue against Landlord relative to rights and obligations accruing after the transfer. No Sale or other transfer of the Building shall affect the obligations of Tenant hereunder. Any and
all covenants of Landlord contained in this Lease shall be binding upon Landlord and its successors only with respect to breaches occurring during its and their respective ownerships of Landlord’s interest hereunder. The successor landlord
shall be liable for any claims existing as of the date of such sale. 
 8.3 Name of Building. As of the Commencement Date, the name of
the Building is “Toringdon VI”. Landlord shall have the right and privilege at its cost to change the name of the Building. Subject to the sign provisions set out elsewhere in this Lease, Landlord shall have exclusive control over all
signs, graphics or other wall ornamentation or displays in the entrance lobby to the Building and in all Common Areas. Costs for changes in the name of the Building or the Project shall be paid by Landlord. 
 8.4 Notices. All notices required under this Lease shall be in writing unless expressly permitted otherwise. Any notice by either party to the
other shall be deemed to be duly given if either personally delivered with written receipt to the respective addresses set forth below for each party or sent by first-class mail, postage prepaid, return receipt requested, or by a nationally
recognized overnight courier service addressed as set forth below: 
  

			
	If to Tenant (for any notice delivered prior to the Commencement Date):	  	 Chelsea Therapeutics, Inc.
 13950 Ballantyne
Corporate Place, Suite 325
 Charlotte, North Carolina 28277
 Attn: Nick Riehl

	  
	  
		
	If to Tenant (for any notice delivered after the Commencement Date):	  	 Chelsea Therapeutics, Inc.
 3530 Toringdon
Way, Suite             
 Charlotte, North Carolina 28277
 Attn: Nick Riehl

	  
	  

  

 23 

			
		
	If to Landlord:	  	 Lichtin/Toringdon Land, LLC
 3110 Edwards Mill Road,
Suite 200
 Raleigh, North Carolina 27612
 Attn: Karen Lichtin

		
	With a copy to:	  	 Womble Carlyle Sandridge & Rice, PLLC
 150
Fayetteville Street, Suite 2100
 Raleigh, North Carolina 27601
 Attn: William C. Matthews, Jr.

 Either party which desires to change the address as set forth above shall do so by notice to the other party which
complies with the requirements of this Section 8.4. 
 8.5 No Waiver. Neither Landlord’s nor Tenant’s failure to
enforce or delay in exercising any of the provisions, rights or remedies in this Lease shall be a waiver, nor in any way affect the validity of this Lease or any part hereof, or their respective rights thereafter to enforce each and every such
provision, right or remedy. No waiver of any breach of this Lease shall be held to be a waiver of any other or subsequent breach. The receipt by Landlord of Rent, or any other payment by or to Tenant at a time when the Rent or the payment of any
other sum due hereunder is in default shall not be construed as a waiver of such default. The receipt by Landlord of a lesser amount than the Rent, or by Landlord or Tenant of any other sum due, shall not be construed to be other than a payment on
account which may be applied in such manner as such party deems appropriate. Either Landlord or Tenant may accept any such payment without prejudice to its right to recover the balance due or to pursue any other remedies. No act or thing done by
Landlord or its agents or employees during the Term, including acceptance of keys or card keys, shall be deemed an acceptance of a surrender of the Premises, and no agreement to accept such a surrender shall be valid unless signed by Landlord.

 8.6 Commissions. Each party warrants to the other that it has not engaged or contracted any person, firm or entity to serve or act
as a broker, agent or finder for the purpose of leasing the Premises or in regard to this Lease. Landlord and Tenant hereby indemnify and hold each other harmless against any loss, claim, expense or liability with respect to any commissions or
brokerage fees claimed on account of the execution and/or renewal of this Lease due to any action of the indemnifying party. 
 8.7 Rights
of Light, View or Air. This Lease does not grant any rights to light, view or air over adjacent property, and any diminution or shutting off of light, view or air by any structure that may be erected adjacent to the Building shall not affect
this Lease or impose any obligation or liability upon Landlord. 
 8.8 Severability. If any term or provision of this Lease, or the
application thereof to any person or circumstances shall to any extent be invalid or unenforceable, the remainder of this Lease, or the application of such provisions to persons or circumstances other than those as to which it is invalid or
enforceable, shall not be affected thereby, and each provision of this Lease shall be valid and shall be enforceable to the extent permitted by law. 
 8.9 Recordation. Landlord and Tenant agree not to record this Lease. At Tenant’s sole cost and expense, the parties shall prepare, execute and record a memorandum hereof which shall include a summary of
the following terms of this Lease: The names and addresses of the parties; the Term and all extended Term periods, if any; rights of first offer and options, if any; a description of the Premises; and such easements as may be required by this Lease.

 8.10 Binding Effect. This Lease, including all exhibits attached hereto, shall be binding upon and shall inure to the benefit of
Landlord, its successors and assigns, and Tenant, its successors, and to the extent assignment and subletting may be approved by Landlord hereunder, Tenant’s assigns and sublessees. Each individual executing this Lease on behalf of the
respective parties represents and warrants that he is duly authorized to execute and deliver this Lease on behalf of said party in accordance with the duly adopted resolution of the Board of Directors of said corporation or in accordance with the
pertinent partnership agreements and that this Lease is binding upon said party in accordance with its terms. 
  

 24 

 8.11 Entire Agreement. The following lettered exhibits are attached hereto and incorporated herein
and made a part of this Lease for all purposes: 
  

			
	Exhibit A -	  	Floor Plan of the Premises
		
	Exhibit A-1 -	  	Building Standard Materials and Finishes
		
	Exhibit B -	  	Landlord’s Work
		
	Exhibit B-1 -	  	Construction Documents
		
	Exhibit B-2 -	  	The Schedule
		
	Exhibit B-3 -	  	Agreed-Upon Above-Standard Items Provided at Landlord’s Cost
		
	Exhibit B-4 -	  	Agreed-Upon Above-Standard Items Provided at Tenant’s Cost
		
	Exhibit C -	  	Cleaning Specifications
		
	Exhibit D -	  	Rules and Regulations
		
	Exhibit E -	  	Services to be Provided by Landlord
		
	Exhibit F -	  	Form of Escrow Agreement

 This Lease and the attached exhibits set forth all the covenants, promises, agreements, conditions
and understandings between Landlord and Tenant concerning the Premises. Tenant agrees that Landlord and its agents made no representations or promises with respect to the Premises, the Building, the Project or property of which the same are part
except as herein expressly set forth. Tenant shall make no claim on account of any representations, whether made by any renting agent, broker, officer or other representative of Landlord or which may be contained in a circular, prospectus or
advertisement related to the Project or otherwise, unless the same is specifically set forth in this Lease. 
 8.12 Amendments. Except
as expressly provided herein, no subsequent alteration, amendment, change or addition to this Lease shall be binding upon Landlord or Tenant unless reduced to writing and signed by both parties. 
 8.13 Counterparts. This Lease may be executed in counterparts. Each fully executed counterpart shall be an original and it shall not be necessary
in making proof of this Lease to produce or account for more than one such counterpart. 
 8.14 Governing Law. This Lease is declared
to be a North Carolina contract, and all of the terms hereof shall be governed by, construed and enforced according to the laws and judicial decisions of the State of North Carolina. 
 8.15 Security Deposit. Tenant has this day deposited with Landlord the sum of $76,163.40 (the “Security Deposit”) as security for the
performance by Tenant of all the terms, covenants and conditions of this Lease upon Tenant’s part to be performed, which sum shall be returned to Tenant after the expiration of the Term hereof or as otherwise provided herein, provided Tenant
has fully performed all obligations to be performed by it hereunder. Landlord shall have the right to apply any part of the Security Deposit to cure any default of Tenant and if Landlord does so, Tenant shall upon demand deposit with Landlord the
amount so applied so that Landlord shall 

  

 25 

 
have the full deposit on hand at all times during the Term of this Lease. Landlord shall establish a separate escrow account with a third party to hold the
Security Deposit, and shall, upon transfer or sale of the Building, transfer the portion of the Security Deposit then held by Landlord to the successor landlord, including any lender that succeeds to Landlord’s interest in the Building. The
terms of the escrow account shall be governed by a separate escrow agreement in the form attached hereto and incorporated herein by reference as Exhibit F. Upon receipt from Tenant of reasonable evidence of additional financing or of cash
received as a result of the licensing of Tenant’s products or any combination thereof in an amount not less than $25,000,000.00, Landlord shall return to Tenant one-half of the Security Deposit then held by Landlord hereunder. Furthermore,
Landlord shall refund the entire amount of the security deposit then held by Landlord in the event there has been no monetary default by Tenant hereunder during the first four (4) Lease Years. The security deposit posted hereunder is not an
advance payment of Rent or a measure or limit of Landlord’s damages upon a Tenant default. In the event of a sale of the Building or a lease of the Building, subject to this Lease, Landlord shall transfer the security to the vendee or lessee,
and upon such transfer Landlord shall thereupon be released from all liability for the return of such security and Tenant shall look solely to the new Landlord for the return of said security, and this provision shall apply to every transfer or
assignment made of the security to a new lessor. The security deposited under this Lease shall not be assigned or encumbered by Tenant without the written consent of Landlord and any such assignment or encumbrance made without Landlord’s
consent shall be void. 
 8.16 Equipment Access. Tenant shall be provided with reasonable access to the equipment rooms, telephone
rooms and other areas on the floors of the Premises in which Tenant’s equipment may be placed. Tenant agrees that Tenant shall not be given access to the roof of the Building. 
 8.17 Limits on Certain Liabilities. Notwithstanding any other provision of this Lease, neither Landlord nor Tenant nor any partner (including
those holding a partnership interest in Landlord or Tenant), director, officer, agent or employee of Landlord or Tenant shall be liable for any indemnified claims caused by or arising from the actions or omissions of other tenants in or about the
Building or Project, or caused by any public work. Tenant specifically agrees to look solely to Landlord’s equity in the Building for the recovery of any judgment against Landlord and shall not be entitled to deduct the amount of any such
judgment from Rent. Landlord, or if Landlord is a partnership, its partners, whether general or limited, or if Landlord is a corporation, its directors, officers or shareholders, or if Landlord is a limited liability company, its members or
managers, shall never be personally liable for any such judgment. The terms and provisions of this Section shall survive the expiration or earlier termination of this Lease. Notwithstanding any other provisions in this Lease, neither Landlord nor
Tenant shall be liable to the other for any special, consequential, incidental or punitive damages. 
 8.18 Intentionally deleted.

 8.19 Survival. The provisions of this Lease shall survive the expiration or termination of this Lease. 
 8.20 Drafting. Landlord and Tenant acknowledge that this Lease was negotiated at arms length and that no presumptions in favor of or against the
drafter shall apply to the interpretation of this Lease. 
 8.21 Smoking Prohibited. Smoking is prohibited in all areas within the
Building and in all areas surrounding the Building other than the loading dock. Notwithstanding the foregoing, however, Landlord, in its sole discretion, shall have the right to change the location of areas in which smoking is permitted. Tenant
shall ensure that Tenant’s Invitees are made aware of such prohibition and require that all employees and other Tenant’s Invitees comply with the foregoing prohibition. 
 8.22 Patriot Act Compliance. 
 8.22.1 Tenant Representation. Tenant hereby represents and warrants to Landlord that to the best of Tenant’s knowledge, neither Tenant nor its respective constituents or affiliates are in violation of any laws relating to
terrorism or money laundering, including the Executive Order (as hereinafter defined) and/or the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Public Law 107-56, the
“Patriot Act”). 
  

 26 

 8.22.2 Not a Prohibited Person. Tenant hereby represents and warrants to Landlord that to the best
of Tenant’s knowledge, neither Tenant nor any of its respective constituents or affiliates is a “Prohibited Person”, which is defined as follows: 
 (a) A person or entity that is listed in the Annex to, or is otherwise subject to the provisions of, the Executive Order No. 13224 on
Terrorist Financing, effective September 24, 2001, and relating to Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism (the “Executive Order”); 
 (b) A person or entity owned or controlled by, or acting for or on behalf of, any person or entity that is listed in the Annex to, or is
otherwise subject to the provisions of, the Executive Order; 
 (c) A person or entity with whom Landlord is prohibited from
dealing or otherwise engaging in any transaction by any terrorism or money laundering law, including the Executive Order and the Patriot Act; 
 (d) A person or entity who commits, threatens or conspires to commit or supports “terrorism” as defined in the Executive Order; 
 (e) A person or entity that is named as a “specially designated national and blocked person” on the most current list published
by the U.S. Treasury Department Office of Foreign Assets Control at its official website, http://www.treas.gov/ofac/tllsdn.pdf, or at any replacement website or other replacement official publication of such list; and 
 (f) A person or entity who is affiliated with a person or entity listed above. 
 8.22.3 No Transactions. Tenant hereby represents and warrants to Landlord that neither Tenant nor any of its affiliates or
constituents is or will knowingly (i) conduct any business or engage in any transaction or dealing with any Prohibited Person, including making or receiving any contribution of funds, goods or services to or for the benefit of any Prohibited
Person; (ii) deal in, or otherwise engage in any transaction relating to, any property or interests in property blocked pursuant to the Executive Order; or (iii) engage in or conspire to engage in any transaction that evades or avoids, or
has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth in the Executive Order or the Patriot Act. 
 8.22.4 Certification. Tenant covenants and agrees to deliver to Landlord any certification or other evidence required from time to time by Landlord in its reasonable discretion, confirming Tenant’s
compliance with this Section. 
 8.23 Time is of the Essence. Time is of the essence in the performance of all obligations under the
terms of this Lease. 
 8.24 Mitigation. Whenever a party is in default under the Lease, the non-defaulting party shall use
commercially reasonable efforts to mitigate the damages resulting from such default. 
 8.25 Consent/Discretion. Except as otherwise
provided herein, a party’s consent/approval shall not be unreasonably withheld, conditioned or delayed. Whenever a party is authorized to use its discretion in deciding to take or taking action under the Lease, such exercise shall be subject to
a standard of commercial reasonableness. 
 [Remainder of Page Intentionally Left Blank] 
  

 27 

 IN TESTIMONY WHEREOF, the parties, by authority duly given, have executed this Lease as of the date set
forth on the first page of this Lease. 
  

			
	LANDLORD:
	
	 LICHTIN/TORINGDON LAND, LLC,
 a
North Carolina limited liability company

		
	By:	 	 /s/ Harold S. Lichtin

	Name:	 	Harold S. Lichtin
	Its:	 	Manager
	
	TENANT:
	
	CHELSEA THERAPEUTICS, INC.,
	a Delaware corporation
		
	By:	 	 /s/ J. Nick Riehle

	Name:	 	J. Nick Riehle
	Its:	 	Vice President and Chief Financial Officer

  

 28 

 SCHEDULE OF EXHIBITS 
  

			
	Exhibit A-	  	Floor Plan of the Premises
		
	Exhibit A-1 -	  	Building Standard Materials and Finishes
		
	Exhibit B -	  	Landlord’s Work
		
	Exhibit B-1 -	  	Construction Documents
		
	Exhibit B-2 -	  	The Schedule
		
	Exhibit B-3 -	  	Agreed-Upon Above-Standard Items Provided at Landlord’s Cost
		
	Exhibit B-4 -	  	Agreed-Upon Above-Standard Items Provided at Tenant’s Cost
		
	Exhibit C -	  	Cleaning Specifications
		
	Exhibit D -	  	Rules and Regulations
		
	Exhibit E -	  	Services to be Provided by Landlord
		
	Exhibit F -	  	Form of Escrow Agreement

  

 1 

 EXHIBIT A 
 FLOOR PLAN OF THE PREMISES 
 Landlord shall supply prior to the Commencement Date.

  

 A-1 

 

 
 EXHIBIT A-1 
 BUILDING STANDARD MATERIALS AND FINISHES 
 BASE BUILDING 
 STRUCTURE 
  

	 	•	 	 The building foundation will consist of shallow spread footings at the columns, seismic brace frames required in accordance with code and the site classification
and slab on grade. 

  

	 	•	 	 The building elevated floors will be composite slabs supported by a steel beam and column frame wall. The roof will consist of metal deck with concrete pads at the
mechanical units for sound and vibration isolation. 

  

	 	•	 	 The roof system will be a fully adhered TPO (Thermoplastic polyolefin) membrane roof. The membrane will be white, which reduces the heat gain through the roof.

 EXTERIOR WALLS 
  

	 	•	 	 Exterior walls will be metal studs with exterior gypsum sheathing clad in a combination of brick veneer, architectural precast concrete accents and aluminum window
wall system with 1-inch low-e coated insulated glazing. The building envelope will meet or exceed all current energy codes and standards. 

 BUILDING COMMON 
  

	 	•	 	 Walls in all vertical shafts and “back of house” areas, mechanical & electrical rooms etc., will be extended above the finished ceiling and
filled with sound attenuation batts. The outer faces of the building core will be finished and sanded smooth ready for tenant finish. 

  

	 	•	 	 “Back of house” areas will have painted walls, vinyl base and painted concrete floors. 

  

	 	•	 	 The walls in the public/egress corridors will extend tight to the structure above. The walls will have a single color Zolotone/Polymix finish and the floors will
have upgraded base building carpet and carpet base. 

  

	 	•	 	 Combination gypsum board/acoustical ceiling tile will be provided only in base building egress corridors and service elevator vestibules. All other back of house
areas will have exposed painted structure with suspended fluorescent light fixtures. 

 MECHANICAL 
  

	 	•	 	 Self Contained Units on each floor with water cooled compressors connected by a condensed water loop to a cooling tower located on the roof.

  

	 	•	 	 Medium pressure loop connected to cooling on VAV boxes at the interior and fan powered units with re-heat at the perimeter of each floor.

  

	 	•	 	 Return air plenum. 

  

	 	•	 	 Bathrooms use a ducted exhaust. 

  

	 	•	 	 DDC controls for the system. 

  

	 	•	 	 Separate package roof top unit for the elevator machine room. 

  

 A-1-1 

 FIRE /LIFE-SAFETY 
  

	 	•	 	 The entire building will be protected by a Light Hazard fire sprinkler system. 

  

	 	•	 	 Dry standpipes will be located in both fire stairs per code. 

  

	 	•	 	 Life Safety devices will be monitored by an addressable fire alarm panel. 

  

	 	•	 	 The core area fire sprinkler protection system will be complete with concealed sprinkler heads in the main lobby and public areas. 

  

	 	•	 	 Battery powered emergency lighting will be provided for all public areas and corridors. 

 CONVEYING SYSTEMS 
  

	 	•	 	 Passengers and Freight Elevators will be Electric Traction type with a capacity of 3500 pounds, minimum and travel at a rate of 150 feet per minute, minimum. All
elevators will stop at each floor. 

  

	 	•	 	 A single passenger elevator will have traveling cable that will permit future addition of security after hours access for the elevator.

  

	 	•	 	 Interior walls of passenger elevator cabs will be finished with a stone base and wood paneling, with a thin-set stone tile matching the lobby on the floor. The
ceiling will be a mirror finish stainless steel panels with down lights. 

 MAIN LOBBY – ENTRY LEVEL 
  

	 	•	 	 16” – 18” cut natural stone thin set tiles (butt joint), arranged in an architectural pattern with natural stone tile base. Natural stones include
marble, granite and limestone. 

  

	 	•	 	 Fully recessed and illuminated tenant directory. 

  

	 	•	 	 Wall paint will be a two color Zolotone/Polymix finish. 

  

	 	•	 	 Combination of direct, compact fluorescent, MR-16 and indirect lighting with cold cathode (neon), in lobby ceiling. Ceiling will be entirely hard gypsum board with
representative architectural detailing to compliment the overall lobby design. 

  

	 	•	 	 Fully recessed sprinkler heads. 

  

	 	•	 	 Pedimat walk-off mats at all entries. 

 ELEVATOR
LOBBIES – TYPICAL TENANT FLOORS 
  

	 	•	 	 Ceiling will be hard gypsum board with complementary architectural detailing and compact fluorescent and MR-16 down lights. 

  

	 	•	 	 Single color Zolotone/Polymix finish on the walls, upgraded base building carpet and carpet base. 

 BATHROOMS 
  

	 	•	 	 6” – 12” porcelain or ceramic thin set tile. 

  

	 	•	 	 Single color Zolotone/Polymix finish. 

  

	 	•	 	 Stain grade chevron louver doors with transom to individual stalls stained to match building standard on door finish. 

  

	 	•	 	 Solid surfacing counters with integral sink bowls. 

  

	 	•	 	 9’ – 0” high ceilings with 2’ x 2’ acoustical tile, Armstrong Cortega, with white grid. Hard gypsum board soffits above lavatories,
counters, urinals, toilet stalls and room transitions within the bathroom. Lighting will be a combination of compact fluorescent downlights in the acoustical ceiling and gypsum board ceilings as well as MR-16 fixtures and wall sconces over the
lavatories and counters. 

  

	 	•	 	 Fully recessed sprinkler heads. 

  

 A-1-2 

 TENANT STANDARDS 
 INTERIOR WALL PARTITIONS 
  

	 	•	 	 Partitions will be 5/8” gypsum wallboard over 25-gauge metal studs at 16” on center. 

  

	 	•	 	 Typical non-rated partitions will be constructed to extend 12” above the hung ceiling and taped, compounded and sanded to finished condition to receive paint
or vinyl wall coverings. 

 DEMISING PARTITIONS 
  

	 	•	 	 Demising partitions separated tenants will be 5/8” gypsum wallboard over 25-gauge metal studs 16” on center with R-11 fiberglass sound attenuation batts.

  

	 	•	 	 Demising partitions will be constructed to extend to the metal decking/floor slab and taped, compounded and sanded to finished condition to receive paint or vinyl
wall coverings. 

 WALL FINISHES 
  

	 	•	 	 Tenant will have choice of colors of latex paint. Two coats of flat finish latex for all exposed walls inside the demised premises. Upgrade for other alternate
finish available. 

 SOUND ATTENUATION 
  

	 	•	 	 Sound attenuation batts will be provided in the walls around Break Room and One (1) Conference Room of choice. 

 BLINDS 
  

	 	•	 	 Brushed aluminum Hunter Douglas 1” blinds in all exterior windows. 

 HVAC 
  

	 	•	 	 One (1) VAV box installed for approximately every 900 square feet. 

 FIRE/LIFE – SAFETY 
  

	 	•	 	 Wet pipe sprinkler system per the approval of all required local governing authorities. Maximum sprinkler head spacing of one (1) per 144 square feet. Quick
response white semi-recessed pendent heads are located in the center of the acoustical tile. 

 PLUMBING 
  

	 	•	 	 Water line provided in break room for refrigerator. 

  

	 	•	 	 Sink provided. 

 SECURITY SYSTEM 

 

	 	•	 	 Infrastructure provided and one (1) keypad. 

  

	 	•	 	 Monitoring will be tenant responsibility. 

 FINISHED FLOORING 
  

	 	•	 	 COMMON CORRIDORS – Premium Commercial Carpet with Carpet Base. 

  

	 	•	 	 TENANT – Commercial grade $18—$20 installed/square yard carpet. Allowance including installation, to be glued directly to the floor slab, with carpet
base. VCT (vinyl composition tile) with rubber cover base is standard in break rooms and telephone/server rooms. 

  

 A-1-3 

 DOORS AND FRAMES 
  

	 	 •
	 	 All doors will be factory stained and sealed 1  3/4” solid core rotary cut Birch Veneer doors measuring 3’ wide by 8’8” tall. Stain color shall be mahogany. 

  

	 	•	 	 All doorframes will be welded 16-gauge steel with two (2) coats of semi-gloss paint finish. 

  

	 	•	 	 All hardware will be Schlage AL Series, Style Neptune/polished chrome. All hardware sets will conform to NC accessibility requirements. Locksets standard on front
entry doors, rear doors, telephone/server door, and one (1) additional room of choice. 

 FINISHED CEILINGS 
  

	 	•	 	 9’ – 0” high ceilings with white metal grid and tile construction with grid system centered in partitioned areas. 

  

	 	•	 	 2’ x 2’ acoustical ceiling tile (white) will be Armstrong Cortega or similar. 

  

	 	•	 	 Tenant entry off elevator lobby or corridor will have hard gypsum board ceiling detail. 

 MILLWORK 
  

	 	 •
	 	 Custom millwork in Break Rooms – approximately 7  1/2 LF of single shelf upper cabinets, with built-in microwave shelf, and approximately 7  1/2 LF of lower cabinets with single basin sink. Solid laminate for all cabinets and patterned laminate for counter tops. White laminate adjustable shelves. Brushed aluminum hardware.

 ELECTRICAL 
  

	 	•	 	 Duplex Outlets and Light Switches: two (2) duplex outlets per office Standard ivory with matching plastic covers centered 16” AFF height unless otherwise
noted. Height of 44” AFF at countertops. 

  

	 	•	 	 Two (2) dedicated circuits for a break room, one (1) dedicated circuit for a telephone/server room. 

  

	 	•	 	 Dedicated circuits provided for copy machines, printers, etc. (maximum of four). 

  

	 	•	 	 2’ x 4’, 18 cell parabolic fluorescent fixtures with electronic ballast, 3-T8 lamps, 277 volts. One (1) per 100 usable square feet.

  

	 	•	 	 Outlets around sinks will be on a GFI circuit as required per code. 

  

	 	•	 	 Any special electrical fit-up such as additional dedicated circuits, equipment wiring, added exit lights, kitchens, low voltage wiring, special circuitry,
electrical floor cores, etc. to be priced per tenant plans at time of fit-up. 

 VOICE/DATA 
  

	 	•	 	 Empty junction box with conduit/pull cord—(1) per office. 

  

 A-1-4 

 EXHIBIT B 
 LANDLORD’S WORK 
 At the sole cost and expense of Landlord and without application of any
Tenant allowances, Landlord shall provide the following: 
  

			
	1.	  	Men’s and women’s restrooms;
		
	2.	  	Drinking fountains at core, accessible to the handicapped;
		
	3.	  	Electric/telephone closets;
		
	4.	  	Building stairways;
		
	5.	  	Elevators and elevator lobby;
		
	6.	  	Sheet rocked core walls and interior columns taped and spackled, ready for finish;
		
	7.	  	Concrete slab floors;
		
	8.	  	Mechanical equipment room(s):
		
	9.	  	Fire protection alarm and communication systems installed according to NFPA 101;
		
	10.	  	Any handicap facilities for the Project required by law; and
		
	11.	  	Grid system tiles and ceiling tiles stacked on the floor; and
		
	12.	  	Concrete suitable for application of floor covering.

 In the event of any dispute as to whether any specific item of work in and about the Premises
constitutes Landlord’s Work or work to be performed at Tenant’s cost and expense, Tenant agrees that the certificate of the Landlord’s architect, who shall employ objective and professional standards, shall be conclusive. 

 

 B-1 

 EXHIBIT B-1 
 CONSTRUCTION DOCUMENTS 
 (to be delivered in accordance with 
 the Schedule attached as Exhibit B-2) 
  

 B-1-1 

 EXHIBIT B-2 
 THE SCHEDULE 
  

 B-2-1 

 EXHIBIT B-3 
 AGREED-UPON ABOVE-STANDARD ITEMS PROVIDED AT LANDLORD’S COST 
 None 
  

 B-3-1 

 EXHIBIT B-4 
 AGREED-UPON ABOVE-STANDARD ITEMS PROVIDED AT TENANT’S COST 
  

				
	 Glass Doors
	  	$	 700.00
	 Floor cores in conference rooms (2)
	  	$	1,300.00
	 Wall washer lights for signage in vestibule
	  	$	480.00
	 Carpet border in CEO and conference room
	  	$	3,000.00
	 Wallcovering in reception and conference room
	  	$	2,000.00
	 6’ of upper and lower millwork in file room
	  	$	1,750.00
	 Sound insulation in CEO office
	  	$	300.00
	 Bring sheetrock walls completely to the deck in main boardroom & CEO office.
	  	$	2,050.00
	 Plumbing and Electrical rough-in for dishwasher
	  	$	500.00
	 Card readers (2) and keypad (1)
	  	$	6,025.00
	 Subtotal
	  	$	18,105.00
	 General Contractor 10% fee
	  	$	1,810.50
	 Grand Total:
	  	$	19,915.50
	 Landlord Contribution as detailed in Section 3.1:
	  	$	10,000.00
	 Net Contribution Due From Chelsea Therapeautics based upon these pricing estimates, which should be unerstood,may vary based upon final
engineering and construction documents:
	  	$	9,915.50

  

 B-4-1 

 EXHIBIT C 
 CLEANING SPECIFICATIONS 
  

											
	 TASKS
	  	Daily	  	Weekly	  	Monthly	  	Quarterly	  	Yearly
	 Nightly Services (General)
	  		  		  		  		  	
	 Police and remove all litter from entrance areas.
	  	X	  		  		  		  	
	 Empty and damp wipe ashtrays, empty trash cans.
	  	X	  		  		  		  	
	 Clean and sanitize drinking fountains, follow with stainless steel cleaner.
	  	X	  		  		  		  	
	 Spot clean all windows and partition glass, including lobby doors.
	  	X	  		  		  		  	
	 Dust mop and spot clean all tiled areas.
	  	X	  		  		  		  	
	 Vacuum all carpeted areas.
	  	X	  		  		  		  	
	 Nightly Services – Restrooms
	  		  		  		  		  	
	 Remove trash and clean receptacles.
	  	X	  		  		  		  	
	 Clean and sanitize lavatories, commodes and urinals.
	  	X	  		  		  		  	
	 Clean out corners and edges.
	  	X	  		  		  		  	
	 Clean mirrors.
	  	X	  		  		  		  	
	 Spot clean walls and partitions.
	  	X	  		  		  		  	
	 Replenish supplies.
	  	X	  		  		  		  	
	 Mop and disinfect floor.
	  	X	  		  		  		  	
	 Nightly Services – Elevators
	  		  		  		  		  	
	 Clean lenses and replace burned out bulbs. (Re-bill bulbs)
	  	X	  		  		  		  	
	 Spot clean elevator walls.
	  	X	  		  		  		  	
	 Use paste wax or appropriate treatment on finished metal.
	  	X	  		  		  		  	
	 Clean edges, corners and tracks.
	  	X	  		  		  		  	
	 Vacuum carpets.
	  	X	  		  		  		  	
	 Nightly Services – Street Level
	  		  		  		  		  	
	 Sweep all granite and/or marble public areas.
	  	X	  		  		  		  	
	 Clean all glass entrance ways and side panels. Empty all ash urns.
	  	X	  		  		  		  	
	 Spot clean granite and/or marble walls.
	  	X	  		  		  		  	
	 Dust all horizontal ledges.
	  	X	  		  		  		  	
						
	 TASKS
	  	Daily	  	Weekly	  	Monthly	  	Quarterly	  	Yearly
	 Weekly Services – General
	  		  		  		  		  	
	 Dust all horizontal surfaces, desks, chairs, files, telephones, picture frames, baseboards.
	  		  	X	  		  		  	
	 Damp wash and wipe dry all plastic or Formica desktops.
	  		  	X	  		  		  	
	 Weekly Services – Stairways
	  		  		  		  		  	
	 Sweep from top to bottom.
	  		  	X	  		  		  	
	 Dust handrails and ledges.
	  		  	X	  		  		  	
	 Dust lights between floors.
	  		  	X	  		  		  	
	 Weekly Services – Granite/Marble Floors
	  		  		  		  		  	
	 Spray Buff all public areas.
	  		  	X	  		  		  	
	 Monthly Services – Tile Floors
	  		  		  		  		  	
	 Clean and wax all traffic lanes and other “high wear” areas.
	  		  		  	X	  		  	
	 Quarterly Services
	  		  		  		  		  	
	 Clean blinds
	  		  		  		  	X	  	
	 Annual Services – General
	  		  		  		  		  	
	 Vacuum drapes, cornices and wall hangings.
	  		  		  		  		  	X

  

 C-1 

											
	 Clean all vertical surfaces not attended to during nightly, weekly, quarterly or semi-annually.
	  		  		  		  		  	X
	 Damp wash diffusers, grills and other such items.
	  		  		  		  		  	X
	 Wash down all restroom walls and partitions.
	  		  		  		  		  	X
	 Dust all storage areas and shelves and contents.
	  		  		  		  		  	
	 Services as Needed Due to Ordinary Wear and Tear
	  		  		  		  		  	
	 Clean carpeted areas.
	  		  		  		  		  	
	 Shampoo public areas outside Tenant space. Damp mop all tile floors.
	  		  		  		  		  	
	 Machine buff all tile floors.
	  		  		  		  		  	
	 Strip and re-coat all tile floors.
	  		  		  		  		  	
	 Spot clean carpeted areas.
	  		  		  		  		  	
	 Daily Services – Building Exterior
	  		  		  		  		  	
	 Inspect Building perimeter for trash.
	  		  		  		  		  	
	 Remove trash from tree wells and planters.
	  		  		  		  		  	
						
	 TASKS
	  	Daily	  	Weekly	  	Monthly	  	Quarterly	  	Yearly
	 Hose down sidewalks as needed.
	  		  		  		  		  	
	 Services – Day Crew
	  		  		  		  		  	
	 Maintain and replenish supplies in all restrooms.
	  	Daily	  		  		  		  	
	 Vacuum all passenger elevators once each day.
	  	Daily	  		  		  		  	
	 Clean all ash urns twice each day.
	  	Daily	  		  		  		  	
	 Clean all glass entrance doors in main lobby.
	  	As
Needed	  		  		  		  	
	 Dust mop and/or damp mop all granite and/or marble floors in main lobby once each day.
	  	Daily	  		  		  		  	
	 Clean all windows on Building perimeter at street level as needed.
	  	As
Needed	  		  		  		  	

  

 C-2 

 EXHIBIT D 
 RULES AND REGULATIONS 
 Sidewalks, doorways, vestibules, halls, stairways and similar areas
shall not be obstructed nor shall refuse, furniture, boxes or other items be placed therein by Tenant or its officers, agents, servants or employees, or used for any purpose other than ingress or egress to and from the Premises, or for going from
one part of the Building to another part of the Building. Canvassing, soliciting and peddling in the Building are prohibited. 
 Plumbing,
fixtures and appliances shall be used only for the purposes for which constructed, and no unsuitable material shall be placed therein. 
 No
signs, directories, posters, advertisements, or notices shall be painted or affixed on or to any of the windows or doors, or in corridors or other parts of the Building, except in such color, size, and style, and in such places, as shall be first
approved in writing by Landlord in its discretion. Building standard suite identification signs will be prepared by Landlord in accordance with the terms of the Lease. 
 Tenant shall not do, or permit anything to be done in or about the Building, or bring or keep anything therein, that will in any way increase the rate of fire or other insurance on the Building, or on property kept
therein or otherwise increase the possibility of fire or other casualty. 
 Landlord shall have the right to prescribe the weight and
position of heavy equipment or objects which may overstress any portion of the floors of the Premises. All damage done to the Building by the improper placing of such heavy items will be repaired at the sole expense of Tenant. 
 Tenant shall notify the building manager when safes or other heavy equipment are to be taken in or out of the Building, and such moving shall only be
done after written permission is obtained from Landlord on such conditions as Landlord shall require. 
 Corridor doors, when not in use,
shall be kept closed. Stairwell doors shall remain closed at all times. Tenant shall lock all office doors leading to corridors and turn out all lights at the close of the working day. 
 All deliveries must be made via the appropriate entryway during Normal Business Hours. Landlord’s written approval must be obtained for any delivery
after Normal Business Hours. 
 Tenant shall cooperate with Landlord’s employees in keeping the Premises neat and clean. 
 Tenant shall not cause or permit any improper noises in the Building, or allow any unpleasant odors to emanate from the Premises, or otherwise interfere
with, injure or annoy in any way other tenants, or persons having business with them. 
 No animals (other than seeing eye dogs) shall be
brought into or kept in or about the Building. 
 No machinery of any kind, other than that which is subject to normal business practices,
such as typewriters, calculators, vending machines, kitchen appliances and business computers, shall be operated on the Premises without the prior written consent of Landlord, nor shall Tenant use or keep in the Building any inflammable or explosive
fluid or substance, or any illuminating materials. No space heaters or fans shall be operated in the Building. 
 No bicycles, motorcycles or
similar vehicles will be allowed in the Building. 
 No nails, hooks or screws shall be driven into or inserted in any perimeter wall of the
Building except as approved by the building manager. 
 Landlord has the right to evacuate the Building in the event of an emergency or
catastrophe. 

 Except for normal office vending machine services, and routine business lunch meetings, business
receptions or events in the Premises, no food and/or beverages shall be distributed from the Premises without prior written approval of the Building manager. 
 No additional locks shall be placed upon any doors without the prior written consent of Landlord. All necessary keys shall be furnished by Landlord, and the same shall be surrendered upon termination of the Lease.
Tenant shall then give Landlord or its agent an explanation of the combination of all locks on the doors or vaults. No duplicates of such keys shall be made by Tenant or its employees. Additional keys shall be obtained only from Landlord, at a
reasonable fee. 
 Tenant shall not locate furnishings or cabinets adjacent to mechanical, electrical, or window access panels or over air
conditioning outlets so as to prevent operating personnel from servicing such units as routine or emergency access may require. Cost of moving such furnishings for Landlord’s access shall be paid by Tenant upon demand from Landlord. Only
personnel designated by Landlord may work on the lighting and air conditioning equipment of the Building. 
 Tenant shall comply with
reasonable parking rules and regulations as may be posted and distributed from time to time. 
 No portion of the Building shall be used as
an overnight sleeping accommodation. 
 Prior written approval, which shall be at Landlord’s sole discretion, must be obtained for
installation of window shades, blinds, drapes, or any other window treatment whatsoever. Landlord shall control all internal lighting that may be visible from the exterior of the Building and shall have the right to change any unapproved lighting,
without notice to Tenant, at Tenant’s expense. 
 Tenant shall not tamper with or attempt to adjust temperature control settings in the
Premises. Upon request of Tenant, Landlord shall make any necessary adjustments in thermostat settings. 
 Smoking is not permitted in any
portion of the Building or on any patios or balconies associated with the Building and will only be permitted in certain areas so designated by Landlord in its sole and absolute discretion. 
 No firearms, weapons or any explosive devices shall be permitted in or around the Building at any time. 
 Tenant shall not place or store (or permit the placement or storage of) any improvements, personal property or any other objects on any balconies or
patios of the Building without the prior written consent of Landlord. 
 Tenant shall provide Landlord with notice of any deliveries to the
Building which will require any floor covering within the Building and any such deliveries shall be subject to Landlord’s prior approval. 
  

 EXHIBIT E 
 SERVICES TO BE PROVIDED BY LANDLORD 
 [To be modified by Landlord as the Building plans are
finalized] 
 1. Utilities. Hot and cold water to the restrooms on each floor in the Premises; cold water (with cold water risers
provided by Landlord to the designated portions of the core of each floor of the Premises) twenty-four (24) hours a day, seven (7) days a week; and central heat, ventilation and air conditioning (“HVAC”) in season during Normal
Business Hours. During Normal Business Hours, Landlord shall provide to the Premises, at the rates established by Landlord from time to time, central HVAC in season at such temperatures and in such amounts as are reasonably considered by Landlord to
be standard for Comparable Space or as may be permitted, controlled or regulated by applicable laws, ordinances, rules and regulations; provided that Landlord agrees to cause the HVAC system which services the Premises to be designed, installed and
maintained in a manner which shall maximize its efficiency and shall, during Normal Business Hours, maintain the temperature of the Premises within the following range of temperatures, subject to unusual heat loads caused by Tenant’s
extraordinary use of the Premises or alteration of the Premises made contrary to the provisions of this Lease: 
  

					
	Summer:	 	93 De. F. DB-74 De. F.W.B	 	- OUTSIDE
		 	75 De. F. DB-50% RH	 	- INSIDE
			
	Winter:	 	22 De. F. DB	 	- OUTSIDE
		 	72 De. F. DB-50% RH.	 	- INSIDE

 Shell HVAC internal heat loads shall be based upon two (2) watts per rentable square foot of area in the
Premises (“RSF”) for lighting, two (2) watts per RSF for power and one (1) person per one hundred and fifty (150) RSF. In addition to Tenant’s electrical consumption for HVAC and lighting, Tenant’s overall use of
electricity shall not, without Landlord’s prior written consent, exceed in times and duration of consumption an overall load of eight (8) kilowatt hours per RSF per Lease Year, processed load. Any electrical use in excess of eight
(8) kilowatt hours per RSF per Lease Year shall be billed to Tenant at Landlord’s rate established from time to time. 
 Landlord shall make HVAC
available to the Premises outside of Normal Business Hours in accordance with the provisions of this Lease and at a cost equal to $35.00 per hour (as reasonably adjusted from time to time by Landlord) per zone, with a minimum of two (2) hours
per occurrence. Service during weekdays and weekends at other than Normal Business Hours for the Building and on Saturday afternoons, Sundays and Holidays shall be furnished only upon request of Tenant. Tenant may request such HVAC service for one
or more floors constituting the Premises. At Tenant’s cost, Tenant may tap condenser water supply lines for supplemental HVAC services to Tenant’s word processing and computer room units. 
 2. Janitorial services. Janitorial service (as set forth in Exhibit C) on the evening before each weekday except for Holidays. Such service
shall be consistent with the janitorial services provided to tenants in Comparable Space. If Tenant requests special or additional attention other than routine janitorial service, Tenant shall pay the extra cost thereof. 
 3. Electrical Facilities. Electrical facilities to provide electrical capacity up to four (4) watts for each RSF, determined on a connected
load in accordance with the National Electric Code 1993 (“Standard Building Capacity”). For the purposes of computing Tenant’s access to electrical capacity, Tenant shall continuously have the right to demand, and simultaneously use,
twenty-four (24) hours per day, every day of the year, electrical facilities which provide electrical power of four (4) watts per RSF, all costs of providing electrical capacity to the Premises in excess of four (4) watts per RSF to
be borne by Tenant. Tenant’s usage initially will be determined by a survey by Landlord of Tenant’s final construction documents. Tenant shall notify Landlord in writing of any equipment in the Premises that has a rated electrical load
greater than 500 watts and/or that requires a service voltage other than 120 volts, and Landlord’s written approval (which shall not be unreasonably or arbitrarily withheld, conditioned or delayed) shall be required with respect to the
installation of any such high electrical consumption equipment in the Premises. In the event Tenant consumes electricity in excess of Standard Building 

 
Capacity, Landlord may impose such reasonable conditions on such usage as Landlord elects (including, without limitation, the requirement that Tenant bear
the cost of such excess capacity and/or that submeters be installed at Tenant’s expense). If the installation of any electrical equipment in Tenant’s Premises requires air conditioning or other equipment which Landlord’s contractor
reasonably estimates will exceed an electrical capacity of four (4) watts per RSF in the Premises, then the additional capacity required for such air conditioning/equipment will be the obligation of Tenant. Tenant shall install and pay for all
costs of meters and submeters to measure or accommodate Tenant’s use of electricity or Tenant’s design loads and capacities that exceed four (4) watts per RSF. Landlord shall provide and pay for all costs of wiring, risers,
transformer and electrical panels to accommodate Tenant’s connected loads and capacities up to four (4) watts per RSF, including, without limitation, the installation and maintenance thereof. Notwithstanding the foregoing, Landlord may
refuse to install and withhold consent for Tenant’s installation of any wiring, risers, transformers, electrical panels, or air conditioning in connection with providing electricity in excess of four (4) watts per RSF if, in
Landlord’s sole judgment, the same are not necessary or would cause damage or injury to the Building or the Premises or cause or create a dangerous or hazardous condition or entail excessive or unreasonable alterations or repairs to the
Building or the Premises, or would materially interfere with or create or constitute a disturbance to other tenants or occupants of the Building. In no event shall Landlord incur any liability for Landlord’s refusal to install any such
electrical facility or equipment in excess of electrical facilities or equipment to provide four (4) watts per RSF. 
 4. Electrical
Supplies. All lamps, bulbs, starters and ballasts for all light fixtures in Common Areas and initial lamps, bulbs, starters and ballasts for Building standard light fixtures in the Premises and replacement bulbs for Building standard fixtures or
Tenant’s light fixtures in the Premises that can accommodate Building standard bulbs (including, without limitation, those Building standard 2’ x 4’ fluorescent light fixtures which are supplied by Tenant in addition to those supplied
by Landlord). 
 5. [Intentionally Deleted] 
 6. Common Areas Maintenance. Routine maintenance, painting and electric lighting service for all Common Areas in the manner and to the extent necessary to be consistent with the operation of Comparable Space.

 7. Elevator Service. Elevator service to be provided (except during periods of routine service and repairs if such service and
repairs cannot be scheduled outside Normal Business Hours, power failures, and emergencies). 
 8. Communications. Landlord shall, at
its expense, install telephone cables in the central core of the Building providing service to each floor of the Building. Tenant shall be solely responsible for arranging and paying for telephone service to the Premises. 
 9. Mail Room Services. Mail room services during Normal Business Hours by accommodation of the United States Postal Services at an area designated
by Landlord in the Building. 
 10. Interruption of Services. Landlord reserves the right to interrupt any services when, in
Landlord’s reasonable judgment, such interruption is necessary by reason of accident or emergency or for repairs, alterations, replacements or improvements. Except in the case of an emergency, Landlord will notify Tenant in advance, if
possible, of any interruption and its estimated duration. Landlord will undertake repairs with reasonable diligence to restore such service as promptly as reasonably possible and will conduct ordinary repairs in a manner and at times, including
outside Normal Business Hours, so as not unduly to interfere with or impair Tenant’s use and enjoyment of the Premises. 

 EXHIBIT F 
 FORM OF ESCROW AGREEMENT 
 ESCROW AGREEMENT 
 THIS ESCROW AGREEMENT (“AGREEMENT”) dated as of
                    , 2008, by and among Chelsea Therapeutics, Inc., a Delaware corporation (“Tenant”), Lichtin/Toringdon Land, LLC,
a North Carolina limited liability company (“Buyer”), and The Title Company of North Carolina, a North Carolina corporation (“Escrow Agent”). 
 RECITALS: 
 WHEREAS, Landlord and Tenant previously entered into that certain Lease Agreement dated as of
March     , 2008 (the “Lease”), pursuant to which Landlord leases to Tenant approximately 9,956 rentable square feet of space in the building known as Toringdon VI, located at 3530 Toringdon Way, Charlotte, North
Carolina 28277, as more particularly described in the Lease (the “Premises”); 
 WHEREAS, pursuant to the terms of the Lease,
Tenant is required to deposit with Landlord a security deposit in the sum of $ 76,136.40 (as the same may be reduced or increased in accordance with the terms of the Lease, the “Escrowed Funds”) as security for the performance by Tenant of
all the terms, covenants and conditions of the Lease on Tenant’s part to be performed; 
 WHEREAS, Tenant has requested and Landlord has
agreed to place the Escrowed Funds in an escrow account (the “Escrow Account”) with a third-party escrow agent; 
 WHEREAS, the
parties hereto wish to provide for the terms and conditions under which Escrow Agent shall hold the Escrowed Funds. 
 NOW, THEREFORE, for
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 
 1. Capitalized terms
used but not defined herein shall have those meanings ascribed to them in the Lease. 
 2. Deposit with Escrow Agent. Upon full execution of
the Lease, Tenant shall deposit with Escrow Agent the sum of $76,136.40 for deposit into the Escrow Account. 
 3. Investment of Deposit.
Provided that Escrow Agent is provided with Tenant’s taxpayer identification number, the Escrow Agent shall established an interest-bearing escrow account with a federally insured bank or savings and loan association, doing business and having
an office in the State of North Carolina, in the name of Escrow Agent with the designation “as escrow agent” (the “Escrow Account”). Upon written instruction from Tenant, the Escrow Agent shall invest the Escrow Funds in such
other manner as Landlord and Tenant shall jointly direct, but Escrow Agent shall not be liable for the safety or security of any such alternative investment of the Escrow Funds or the rate of return thereon. 
 4. Disbursement. 
 a. Landlord shall be
entitled to draw upon the Escrowed Funds to cure any default of Tenant under the Lease. In the event of a default by Tenant, beyond any applicable cure period, Landlord shall, in writing, (i) notify the Escrow Agent of the default, which notice
shall include any notice from Landlord to Tenant regarding such default as required by the terms of the Lease (ii) confirm that the default has not been cured within the applicable cure period recited in the Lease and (iii) notify the
Escrow Agent of the amount required from the Escrowed Funds to cure the default (such notice, the “Draw Notice”). Upon receipt of such Draw Notice, Escrow Agent shall disburse the amount required to cure the default as set forth in the
Draw Notice to Landlord. Escrow 

 
Agent acknowledges that upon Landlord’s drawing upon the Escrowed Funds as provided herein, the Lease requires Tenant to deposit additional funds with
the Escrow Agent equal to the amount disbursed pursuant to the Draw Notice. Any additional funds deposited with Escrow Agent in accordance with the Lease shall be governed by the terms hereof. 
 b. Escrow Agent further acknowledges that under the terms of the Lease, if Tenant meets certain conditions set forth in the Lease, Tenant shall be
entitled to a return of one-half of the Escrowed Funds then held by Escrow Agent. If Tenant meets such conditions, Landlord shall provide notice to Escrow Agent (the “Reimbursement Notice”), and Escrow Agent shall disburse the amount set
forth in the Reimbursement Notice to Tenant. 
 c. In addition, in the event there has been no monetary default by Tenant during the first
four (4) years of the Lease, Tenant is entitled under the terms of the Lease to a return of the entire Escrowed Funds. Landlord shall notify Escrow Agent that Tenant is entitled to a return of the Escrowed Funds, and Escrow Agent shall disburse
all remaining Escrowed Funds to Tenant. If, at any time during the first four (4) lease years, Tenant has defaulted on its monetary obligations under the Lease, Escrow Agent shall continue to hold the Escrowed Funds until the end of the term,
as set forth in the Lease. 
 d. If the parties hereto shall be in disagreement about the interpretation of this Agreement, or about their
rights and obligations hereunder, or the propriety of any action contemplated by the Escrow Agent hereunder, any party hereto may, at its discretion, file an action in a court of competent jurisdiction to resolve such disagreement. Specifically,
Escrow Agent, at its option, may institute an interpleader action in and deliver the Escrow Funds and any interest earned thereon to a court of competent jurisdiction, whereupon Escrow Agent shall thereafter be relieved of any and all liability
under the terms and provisions of this Agreement. Escrow Agent shall be indemnified, jointly and severally, by the parties for all costs, including attorney’s fees, in connection with such action, and shall be fully protected in suspending all
or a part of its activities under this Agreement until a final judgment, order or decree in the action is received. 
 e. This Agreement
shall be terminated and the liability of Escrow Agent shall cease upon the complete distribution of the Escrow Funds and any interest earned thereon, or by joint written notice of termination by the parties to Escrow Agent. 
 5. Miscellaneous. 
 a. Escrow Agent may act
in reliance upon any writing or instrument or signature which it, in good faith, believes to be genuine, may assume the validity and accuracy of any statement or assertion contained in such a writing or instrument and may assume that any person
purporting to give any writing, notice, advice or instruction in connection with the provisions hereof has been duly authorized so to do. 
 b. Escrow Agent’s duties hereunder shall be limited to the safekeeping of the Escrow Funds and interest earned thereon and the disposition of the same in accordance with the terms hereof. 
 c. Escrow Agent undertakes to perform only such duties as are expressly set forth herein and no implied duties or obligations shall be read into this
Agreement against the Escrow Agent. 
 d. Landlord and Tenant, jointly and severally, hereby agree to indemnify Escrow Agent and hold it
harmless from any and all claims, liabilities, losses, actions, suits or proceedings at law or in equity, or any other expense, fees or charges of any character or nature, which it may incur or with which it may be threatened by reason of its acting
as Escrow Agent under this Agreement, and in connection therewith, to indemnify the Escrow Agent against any and all expenses, including attorney’s fees and the cost of defending any action, suit or proceeding or resisting any claim.

 e. If the parties hereto shall be in disagreement about the interpretation of this Agreement, or about their rights and obligations
hereunder, or the propriety of any action contemplated by the Escrow Agent hereunder, any party hereto may, at its discretion, file an action in a court of competent jurisdiction to resolve such disagreement. Specifically, Escrow Agent, at its
option, may institute an interpleader action in and deliver the 

 
Escrow Funds and any interest earned thereon to a court of competent jurisdiction, whereupon Escrow Agent shall thereafter be relieved of any and all
liability under the terms and provisions of this Agreement. Escrow Agent shall be indemnified, jointly and severally, by Landlord and Tenant for all costs, including attorney’s fees, in connection with any such action, and shall be fully
protected in suspending all or a part of its activities under this Agreement until a final judgment, order or decree in the action is received. 
 f. Escrow Agent shall not be liable for any mistakes of fact, or errors of judgment, or for any acts or omission of any kind unless caused by the willful misconduct or gross negligence of Escrow Agent. 
 g. Escrow Agent may resign upon fifteen (15) days written notice to the parties to this Agreement. If a successor escrow agent is not appointed by
joint written action of Landlord and Tenant within a fifteen (15) day period following such resignation, the Escrow Agent may institute an interpleader action and deliver the Escrow Funds and any interest earned thereon with a court of
competent jurisdiction, whereupon Escrow Agent shall thereafter be relieved of any and all liability under the terms and provisions of this Agreement. The costs of such action shall be paid by Landlord and Tenant, jointly and severally. 

h. All notices and communications hereunder shall be in writing and shall be deemed to be duly given if sent as indicated in the Contract. 

i. This Agreement shall inure to the benefit of and shall be binding upon the parties hereto and their respective successors and assigns. 

j. This Agreement shall be construed, enforced and interpreted under the laws of the State of North Carolina, without regard to principles of conflict
of laws. 
 k. This Agreement shall terminate and the Escrow Agent shall be discharged of all responsibility hereunder at such time as the
Escrow Agent shall have completed its duties hereunder. 
 l. Time shall be of the essence for all purposes in construing and applying this
Agreement. 
 m. As used herein, the plural shall include the singular, the singular the plural, and the use of any gender shall be
applicable to all genders. 
 n. Escrow Agent shall be paid a fee of $300.00 in connection with the Escrow Account. Such fee shall be shared
equally by Landlord and Tenant, and shall be paid upon deposit of the Escrowed Funds with Escrow Account. 
 [Remainder of Page Intentionally
Left Blank] 

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

			
	TENANT:
	
	CHELSEA THERAPEUTICS, INC., a Delaware corporation
		
	By:	 	  

	Name:	 	  

	Its:	 	  

	
	Tenant’s Tax Identification Number:                           
 
	
	LANDLORD:
	
	 LICHTIN/TORINGDON LAND, LLC,
 a North
Carolina limited liability company

		
	By:	 	  

	Name:	 	Harold S. Lichtin
	Its:	 	Manager
	
	ESCROW AGENT:
	
	 THE TITLE COMPANY OF NORTH CAROLINA,
 a North
Carolina corporation

		
	By:	 	  

	Name:	 	  

	Its:Exhibit 10.1

 Exhibit 10.1 
 EXECUTION VERSION 
 364-DAY CREDIT AGREEMENT 
 dated as of 
 March 7, 2008 
 among 
 WABCO HOLDINGS INC. 
 The Borrowing Subsidiaries Party Hereto 
 The
Lenders Party Hereto 
 and 
 ABN
AMRO BANK N.V., 
 as Administrative Agent, 
  
  
 ABN AMRO BANK INC. 
 As Sole Lead Arranger and Sole Bookrunner 
  
  

 TABLE OF CONTENTS 
  

					
	 	 	 	  	Page
		 	ARTICLE I	  	
			
		 	Definitions	  	
			
	 SECTION 1.01.
	 	Defined Terms	  	1
	 SECTION 1.02.
	 	[Intentionally Omitted.]	  	18
	 SECTION 1.03.
	 	Terms Generally	  	18
	 SECTION 1.04.
	 	Accounting Terms; GAAP	  	18
	 SECTION 1.05.
	 	Exchange Rates	  	19
			
		 	ARTICLE II	  	
			
		 	The Credits	  	
	 SECTION 2.01.
	 	Commitments	  	19
	 SECTION 2.02.
	 	Loans and Borrowings	  	19
	 SECTION 2.03.
	 	Requests for Borrowings	  	20
	 SECTION 2.04.
	 	[Intentionally Omitted.]	  	20
	 SECTION 2.05.
	 	[Intentionally Omitted.]	  	20
	 SECTION 2.06.
	 	[Intentionally Omitted.]	  	20
	 SECTION 2.07.
	 	Funding of Borrowings	  	21
	 SECTION 2.08.
	 	Interest Elections	  	21
	 SECTION 2.09.
	 	Termination and Reduction of Commitments	  	22
	 SECTION 2.10.
	 	Repayment of Loans; Evidence of Debt	  	23
	 SECTION 2.11.
	 	Prepayment of Loans	  	24
	 SECTION 2.12.
	 	Fees	  	25
	 SECTION 2.13.
	 	Interest	  	26
	 SECTION 2.14.
	 	Alternate Rate of Interest	  	26
	 SECTION 2.15.
	 	Increased Costs	  	27
	 SECTION 2.16.
	 	Break Funding Payments	  	28
	 SECTION 2.17.
	 	Taxes	  	29
	 SECTION 2.18.
	 	Payments Generally; Pro Rata Treatment; Sharing of Set-offs	  	30
	 SECTION 2.19.
	 	Mitigation Obligations; Replacement of Lenders	  	32
	 SECTION 2.20.
	 	Borrowing Subsidiaries	  	33
	 SECTION 2.21.
	 	Additional Reserve Costs	  	33
	 SECTION 2.22.
	 	[Intentionally Omitted.]	  	34

  

 ii 

					
	 	 	ARTICLE III	  	 
			
		 	Representations and Warranties	  	
			
	 SECTION 3.01.
	 	Organization and Qualification	  	34
	 SECTION 3.02.
	 	Corporate Authority and Validity of Obligations	  	34
	 SECTION 3.03.
	 	Margin Stock	  	35
	 SECTION 3.04.
	 	Financial Reports	  	35
	 SECTION 3.05.
	 	No Material Adverse Effect	  	35
	 SECTION 3.06.
	 	Litigation	  	35
	 SECTION 3.07.
	 	Tax Returns	  	36
	 SECTION 3.08.
	 	Approvals	  	36
	 SECTION 3.09.
	 	ERISA	  	36
	 SECTION 3.10.
	 	Environmental Matters	  	36
	 SECTION 3.11.
	 	Properties	  	36
	 SECTION 3.12.
	 	Compliance with Laws	  	37
	 SECTION 3.13.
	 	Investment Company Status	  	37
	 SECTION 3.14.
	 	Disclosure	  	37
			
		 	ARTICLE IV	  	
			
		 	Conditions	  	
			
	 SECTION 4.01.
	 	Effective Date	  	37
	 SECTION 4.02.
	 	Each Borrowing	  	39
	 SECTION 4.03.
	 	Initial Borrowing by each Borrowing Subsidiary	  	39
			
		 	ARTICLE V	  	
			
		 	Affirmative Covenants	  	
			
	 SECTION 5.01.
	 	Corporate Existence	  	40
	 SECTION 5.02.
	 	Maintenance of Properties	  	40
	 SECTION 5.03.
	 	Taxes	  	40
	 SECTION 5.04.
	 	Insurance	  	40
	 SECTION 5.05.
	 	Financial Reports and Other Information	  	41
	 SECTION 5.06.
	 	Books and Records; Inspection Rights	  	43
	 SECTION 5.07.
	 	Compliance with Laws	  	43
			
		 	ARTICLE VI	  	
			
		 	Negative Covenants	  	
			
	 SECTION 6.01.
	 	Liens	  	43
	 SECTION 6.02.
	 	Subsidiary Indebtedness	  	45
	 SECTION 6.03.
	 	Fundamental Changes	  	46
	 SECTION 6.04.
	 	Use of Proceeds	  	47
	 SECTION 6.05.
	 	Ratio of Consolidated Net Indebtedness to Consolidated EBITDA	  	47
	 SECTION 6.06.
	 	Ratio of Consolidated EBITDA to Consolidated Net Interest Expense	  	47
	 SECTION 6.07.
	 	Liquidity	  	47

  

 iii 

					
	 	 	ARTICLE VII	  	 
			
		 	Events of Default	  	
			
		 	ARTICLE VIII	  	
			
		 	The Agents	  	
			
		 	ARTICLE IX	  	
			
		 	Guarantee	  	
			
		 	ARTICLE X	  	
			
		 	Miscellaneous	  	
			
	 SECTION 10.01.
	 	Notices	  	54
	 SECTION 10.02.
	 	Waivers; Amendments	  	54
	 SECTION 10.03.
	 	Expenses; Indemnity; Damage Waiver	  	56
	 SECTION 10.04.
	 	Successors and Assigns	  	58
	 SECTION 10.05.
	 	Survival	  	61
	 SECTION 10.06.
	 	Counterparts; Integration; Effectiveness	  	62
	 SECTION 10.07.
	 	Severability	  	62
	 SECTION 10.08.
	 	Right of Setoff	  	62
	 SECTION 10.09.
	 	Governing Law; Jurisdiction; Consent to Service of Process	  	62
	 SECTION 10.10.
	 	WAIVER OF JURY TRIAL	  	63
	 SECTION 10.11.
	 	Headings	  	63
	 SECTION 10.12.
	 	Confidentiality	  	64
	 SECTION 10.13.
	 	Interest Rate Limitation	  	64
	 SECTION 10.14.
	 	Conversion of Currencies	  	65
	 SECTION 10.15.
	 	Termination of Certain Covenants	  	65
	 SECTION 10.16.
	 	USA Patriot Act	  	65

 SCHEDULES 
  

					
	Schedule 2.01	 	—  	  	Commitments
	Schedule 2.18	 	—  	  	Payment Accounts
	Schedule 3.10	 	—  	  	Environmental Matters
	Schedule 6.01	 	—  	  	Existing Liens
	Schedule 6.02	 	—  	  	Existing Subsidiary Indebtedness

  

 iv 

 EXHIBITS: 
  

					
	Exhibit A	 	—  	  	Form of Assignment and Assumption
	Exhibit B-1	 	—  	  	Form of Borrowing Subsidiary Agreement
	Exhibit B-2	 	—  	  	Form of Borrowing Subsidiary Termination
	Exhibit C	 	—  	  	Reserve Costs
	Exhibit D	 	—  	  	Form of Opinion of McDermott Will & Emery LLP, Counsel for the Borrowers
	Exhibit E	 	—  	  	Form of Compliance Certificate
	Exhibit F	 	—  	  	Form of Note

  

 v 

 364-DAY CREDIT AGREEMENT dated as of March 7, 2008, among WABCO HOLDINGS INC., a
Delaware corporation (the “Company”); the BORROWING SUBSIDIARIES from time to time party hereto (the “Borrowing Subsidiaries”, and, together with the Company, the “Borrowers”); the LENDERS from time
to time party hereto; and ABN AMRO BANK N.V., as Administrative Agent. 
 The Borrowers have requested the Lenders (such term and each other
capitalized term used and not otherwise defined herein having the meaning assigned to it in Article I) to extend credit in the form of Loans in Euro in an aggregate principal amount at any one time outstanding not in excess of €100,000,000. The
proceeds of Borrowings hereunder are to be used for working capital, for general corporate purposes and to pay the EC Judgment. 
 The
Lenders are willing to establish the credit facilities referred to in the preceding paragraph upon the terms and subject to the conditions set forth herein. Accordingly, the parties hereto agree as follows: 
 ARTICLE I 
 Definitions 
 SECTION 1.01. Defined Terms. As used in this Agreement, the following terms have the meanings specified below: 
 “ABNAMRO” means ABN AMRO BANK N.V. and its successors. 
 “Administrative Agent” means ABNAMRO, in its capacity as administrative agent for the Lenders hereunder, or any successor thereto appointed in accordance with Article VIII. 
 “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. 
 “Agreement Currency” has the meaning
assigned to such term in Section 10.14(b). 
 “Applicable Creditor” has the meaning assigned to such term in
Section 10.14(b). 
 “Applicable Percentage” means, with respect to any Lender, the percentage of the aggregate
Commitments represented by such Lender’s Commitment. If the Commitments have terminated or expired, the Applicable Percentages shall be determined based upon the Commitments most recently in effect, giving effect to any assignments. 

 

 1 

 “Applicable Rate” means, for any day, with respect to any Loan or with respect to the
facility fees payable hereunder, as the case may be, the applicable rate per annum set forth below under the caption “Spread” or “Facility Fee Rate”, as the case may be, based upon the Leverage Ratio as of the most recent
determination date: 
  

							
	 Leverage Ratio
	  	Spread	 	 	Facility Fee	 
	 Category 1
 Less than 1.75:1.00
	  	0.400	%	 	0.100	%
			
	 Category 2
 greater than
 or equal to 1.75:1.00 and less than 2.25:1.00
	  	0.490	%	 	0.110	%
			
	 Category 3
 greater than
 or equal to 2.25:1.00 and less than or equal to 2.75:1.00
	  	0.550	%	 	0.125	%
			
	 Category 4
 Greater than 2.75:1.00
	  	0.650	%	 	0.150	%

 For purposes of the foregoing, (i) the Leverage Ratio shall be determined as of the end of
each fiscal quarter of the Company’s fiscal year based on the Company’s consolidated financial statements delivered pursuant to Section 5.05(a) or (b) and (ii) each change in the Applicable Rate resulting from a change in
the Leverage Ratio shall be effective during the period commencing on and including the first Business Day following the date of delivery to the Administrative Agent of the consolidated financial statements indicating such change and ending on the
date immediately preceding the effective date of the next such change. Notwithstanding the foregoing, (i) until the Company shall have delivered the financial statements and certificate required under Section 5.05(a) and (c) for the
fiscal year ended December 31, 2007, the “Applicable Rate” shall, except as provided in clause (ii) of this sentence, be determined by reference to Category 2, and (ii) the Leverage Ratio shall be deemed to be in Category 4
(A) on any date when an Event of Default has occurred and is continuing and (B) at the option of the Administrative Agent or at the request of the Required Lenders, if the Company fails to deliver any consolidated financial statements
required to be delivered by it pursuant to Section 5.05(a) or (b), during the period from the last day on which such statements are permitted to be delivered in conformity with Section 5.05(a) or (b), as applicable, until the date on which
such consolidated financial statements are delivered. 
 “ASCI” means American Standard Companies Inc., a Delaware
corporation, which prior to the consummation of the Spin-Off, owned all of the Equity Interests in the Company. 
  

 2 

 “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 10.04), and accepted by the Administrative Agent, in the form of Exhibit A or any other form approved by the Administrative Agent and the Borrower Agent.

 “Availability Period” means the period from and including the Effective Date to but excluding the earlier of the Maturity
Date and the date of termination of the Commitments. 
 “Belgian Borrowing Subsidiary” means a Borrowing Subsidiary that is
organized under the laws of Belgium or any political subdivision thereof. 
 “Belgian Lending Office” means, as to any
Lender, the applicable branch, office or Affiliate of such Lender designated by such Lender to make Loans to the Belgian Borrowing Subsidiaries. 
 “Board” means the Board of Governors of the Federal Reserve System of the United States of America. 
 “Borrower” means the Company or any Borrowing Subsidiary. 
 “Borrower Agent” means the Company,
which for convenience shall act on behalf of the Borrowers for purposes of giving and receiving certain notices and taking certain other actions as more fully set forth herein. 
 “Borrowing” means Loans made, converted or continued on the same date and, as to which a single Interest Period is in effect.

 “Borrowing Request” means a request by a Borrower for a Borrowing in accordance with Section 2.03. 
 “Borrowing Subsidiary” means, at any time, each of the Subsidiaries that (a) is named on the signature pages to this Agreement or
(b) has been designated as a Borrowing Subsidiary by the Borrower Agent pursuant to Section 2.20, other than any such Subsidiary that has ceased to be a Borrowing Subsidiary as provided in Section 2.20. 
 “Borrowing Subsidiary Agreement” means a Borrowing Subsidiary Agreement substantially in the form of Exhibit B-1. 
 “Borrowing Subsidiary Termination” means a Borrowing Subsidiary Termination substantially in the form of Exhibit B-2. 

“Business Day” means any day that is not a Saturday or a Sunday; and also shall exclude any day on which banks are not open for
dealings in deposits in Euro in the London interbank market; provided the term “Business Day” shall also exclude any day on which the TARGET payment system is not open for the settlement of payments in Euro. 
  

 3 

 “Capital Lease”, as applied to any Person, means any lease of any property (whether
real, personal or mixed) by that Person as lessee which, in accordance with GAAP, is or should be accounted for as a capital lease on the balance sheet of that Person. 
 “Capital Lease Obligations” of any Person means the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal
property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP applied on a consistent basis and, for the purposes of this Agreement, the amount of
such obligations at any time shall be the capitalized amount thereof at such time determined in accordance with GAAP applied on a consistent basis. 
 “Cash Pooling Arrangement” means an arrangement among a single depository institution and two or more Non-US Subsidiaries involving the pooling of cash deposits by such Non-US Subsidiaries for cash management purposes.

 A “Change in Control” shall be deemed to have occurred if at any time (a) any Person or group of Persons (within the
meaning of Section 13 or 14 of the Securities Exchange Act of 1934, as amended, or the rules of the SEC thereunder) shall have acquired beneficial ownership (within the meaning of Rule 13d-3 of the SEC) of Equity Interests representing 50%
or more in voting power of the outstanding Voting Stock of the Company or (b) a majority of the Board of Directors of the Company shall at any time not consist of (i) individuals who shall have been members of the Board of Directors of the
Company on the Effective Date and (ii) individuals whose nomination or election to such Board of Directors shall have been recommended or approved by a vote of a majority of the members of such Board of Directors described in the preceding
clause (i) or in this clause (ii). 
 “Change in Law” means (a) the adoption of any law, rule or regulation after
the date of this Agreement, (b) any change in any law, rule or regulation or in the interpretation or application thereof by any Governmental Authority after the date of this Agreement or (c) compliance by any Lender, or by any lending or
issuing office of such Lender or by such Lender’s holding company, if any, with any request, guideline or directive of any Governmental Authority made or issued after the date of this Agreement, to the extent such request, guideline or
directive has the force of law or is of a type generally complied with by financial institutions under the jurisdiction of such Governmental Authority. 
 “Code” means the Internal Revenue Code of 1986, as amended from time to time. 
 “Commitment” means, with respect to each Lender, the commitment of such Lender to make Loans pursuant to Section 2.01(a), expressed as an amount representing the maximum aggregate permitted amount of such Lender’s
Credit Exposure 

  

 4 

 
hereunder, as such commitment may be (a) reduced or increased from time to time pursuant to Section 2.09 and (b) reduced or increased from
time to time pursuant to assignments by or to such Lender pursuant to Section 10.04. The initial amount of each Lender’s Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption pursuant to which such Lender shall have
assumed its Commitment, as applicable. The aggregate amount of the Commitments on the date hereof is €100,000,000. 
 “Company” has the meaning assigned to such term in the heading of this Agreement. 
 “Consolidated
EBITDA” means, for any period, Consolidated Net Income for such period plus (a) without duplication and to the extent deducted in determining such Consolidated Net Income, the sum of (i) Consolidated Net Interest Expense for such
period, (ii) consolidated income tax expense for such period, (iii) all amounts attributable to depreciation and amortization for such period, (iv) any extraordinary or non-recurring non-cash charges for such period related to plant
closings or other restructurings of operations or to the writedown of assets, (v) fees and expenses incurred in connection with the consummation of the Spin-Off in an aggregate amount not to exceed US$75,000,000, and (vi) cash payments or
reserves for such period in respect of the EC Matter and minus (b) without duplication and to the extent not deducted in determining such Consolidated Net Income, (i) extraordinary gains for such period and (ii) any amounts paid in
cash in respect of extraordinary or non-recurring non-cash charges during any earlier period related to plant closings or other restructurings of operations or to the writedown of assets, all determined on a consolidated basis in accordance with
GAAP; provided that for any period including a fiscal quarter during which an acquisition or a divestiture was consummated outside of the ordinary course of business, Consolidated EBITDA and the components thereof shall be determined on a pro
forma basis as if such acquisition or divestiture, as the case may be, had occurred at the beginning of such period; provided further that for purposes of determining Consolidated EBITDA for any period that includes any fiscal quarter ended
prior to the date of the consummation of the Spin-Off, Consolidated EBITDA for such fiscal quarter shall be determined on the same basis as the financial statements of the Company set forth in the Form 10 were prepared. 
 “Consolidated Liquidity” means, on any date, the sum of (a) the aggregate amount of unused Commitments under this Agreement and
under the Five-Year Agreement plus the aggregate amount of unused commitments under any other committed credit facilities then available to (x) the Company or (y) its Subsidiaries so long as the Company is also a borrower thereunder, in
each case on such date and (b) the difference between (i) the aggregate amount of Unrestricted Cash and Cash Equivalents owned by the Company and its Subsidiaries on such date, excluding, however, all cash and cash equivalents subject to
agreements or other arrangements that restrict the use of such cash and cash equivalents in the business of the Company and its Subsidiaries and (ii) an amount equal to the aggregate Taxes that would become payable by the Company and its
Subsidiaries in the event such Unrestricted Cash and Cash Equivalents were repatriated to the Company or a Subsidiary that is a US Person on such date, as estimated in good faith by the Company and certified by a Financial Officer of the Company to
the Administrative Agent. 
  

 5 

 “Consolidated Net Income” means, with respect to any Person, for any period, the net
income or loss of such Person and its consolidated Subsidiaries for such period determined on a consolidated basis in accordance with GAAP. 
 “Consolidated Net Indebtedness” means, on any date, (a) Consolidated Total Debt minus (b) the amount by which Unrestricted Cash and Cash Equivalents exceeds US$100,000,000; provided that in no event shall
the amount subtracted pursuant to this clause (b) exceed US$100,000,000. 
 “Consolidated Net Interest Expense” means,
with respect to any Person, for any period for which such amount is being determined, (a) total interest expense (including that properly attributable to Capital Leases in accordance with GAAP and amortization of debt discount and debt issuance
costs) of such Person and its consolidated Subsidiaries, including all capitalized interest, all commissions, discounts and other fees and charges owed with respect to letters of credit and bankers’ acceptance financings and net costs under
interest rate protection agreements (including amortization of discount) minus (b) total interest income of such Person and its consolidated subsidiaries, all as determined on a consolidated basis in accordance with GAAP and, to the extent
Consolidated EBITDA for any period is determined on a pro forma basis to reflect an acquisition or divestiture out of the ordinary course of business, Consolidated Net Interest Expense shall be calculated on a pro forma basis as if such acquisition
or divestiture, as the case may be, had occurred at the beginning of such period; provided that for purposes of determining Consolidated Net Interest Expense for any period that includes any fiscal quarter ended prior to the date of the
consummation of the Spin-Off, Consolidated Net Interest Expense for such fiscal quarter shall be determined on the same basis as the financial statements of the Company set forth in the Form 10 were prepared. 
 “Consolidated Net Tangible Assets” means, with respect to any Person, the aggregate amount of assets of such Person (less applicable
reserves and other properly deductible items) after deducting therefrom (to the extent otherwise included therein) (a) all current liabilities (other than Borrowings under this Agreement or current maturities of long-term Indebtedness), and
(b) all goodwill, trade names, trademarks, patents, unamortized debt discount and expense and other like intangibles, all as set forth on the books and records of such Person and its consolidated Subsidiaries and computed in accordance with
GAAP. 
 “Consolidated Total Assets” means, with respect to any Person, the aggregate amount of assets of such Person (less
applicable reserves and other properly deductible items). 
 “Consolidated Total Debt” means, for any Person, all
Indebtedness of such Person and its consolidated Subsidiaries, determined on a consolidated basis in accordance with GAAP. 
  

 6 

 “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. 

“Controlled Group” means all of a controlled group of corporations and all trades and businesses (whether or not incorporated) under
common control that, together with the Company or any of the Subsidiaries, are treated as a single employer under Section 414 of the Code. 
 “Covenant Termination Date” means the first date after the first anniversary of the Effective Date (as defined in the Five-Year Agreement) that is the last day of a fiscal quarter of the Company and on which the Leverage
Ratio shall not exceed 1.50:1.00. 
 “Credit Documents” means this Agreement, each Borrowing Subsidiary Agreement, each
Borrowing Subsidiary Termination, and each promissory note delivered pursuant to this Agreement, as such documents may be amended, modified, supplemented or restated from time to time. 
 “Credit Exposure” means, at any time, the aggregate principal amount of the Loans outstanding at such time. The Credit Exposure of any
Lender at any time shall be such Lender’s Applicable Percentage of the total Credit Exposure at such time. 
 “Credit
Parties” means the Company and each Borrowing Subsidiary. 
 “Default” means any event or condition which
constitutes an Event of Default or which upon notice, lapse of time or both would become an Event of Default. 
 “Determination
Date” has the meaning assigned to such term in Section 6.07. 
 “EC Judgment” has the meaning assigned to such
term in Section 5.05(g). 
 “EC Matter” has the meaning assigned to such term in Section 3.12. 
 “EC Payment Date” means, with respect to any payment, posting of a bond or issuance of a letter of credit, in each case in respect of
any EC Judgment, the earlier to occur of (a) a date, if any, that the Company and/or any of its Subsidiaries pays all or any portion of such EC Judgment, or causes a bond or letter of credit to be posted or issued on its behalf with respect to,
such EC Judgment and (b) a date that is the expiration of any period during which Company and/or any of its Subsidiaries is required to pay all or any portion of such EC Judgment, or to cause a bond or letter of credit to be posted or issued on
its behalf with respect to such EC Judgment. 
 “Effective Date” means the date on which the conditions specified in
Section 4.01 are satisfied (or waived in accordance with Section 10.02). 
  

 7 

 “EMU Legislation” means the legislative measures of the European Union for the
introduction of, changeover to or operation of the Euro in one or more member states. 
 “Environmental Laws” means all
federal, state, local and foreign statutes, laws (including common law), regulations, ordinances, judgments, permits and other governmental rules or restrictions relating to human health, safety (including occupational safety and health standards),
and protection of the environment or to emissions, discharges or releases of pollutants, contaminants, hazardous substances or wastes into the environment, including ambient air, surface or ground water, or land, or otherwise relating to the
manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of pollutants, contaminants, hazardous substances or wastes or the cleanup or other remediation thereof. 
 “Environmental Liability” means any liability, contingent or otherwise (including any liability for damages, costs of environmental
remediation, fines, penalties or indemnities), of the Company or any Subsidiary directly or indirectly resulting from or based upon (a) violation of any Environmental Laws, (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. 
 “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 interests. 
 “ERISA” has the meaning assigned to such term in
Section 3.09. 
 “Euro” or “€” means the single currency of the European Union as constituted by the
Treaty on European Union and as referred to in the EMU Legislation. 
 “Event of Default” has the meaning assigned to such
term in Article VII. 
 “Excluded Taxes” means, with respect to the Administrative Agent, any Lender or any other
recipient of any payment to be made by or on account of any obligation of any Credit Party hereunder or under any other Credit Document, (a) income, franchise or similar taxes (i) imposed on (or measured by) its net income by the United
States of America, or by the jurisdiction under the laws of which such recipient is organized or in which its principal office is located or, in the case of any Lender, in which its applicable lending office is located or (ii) imposed as a
result of a present or former connection between such recipient and the jurisdiction of the Governmental Authority imposing such tax or any political subdivision or taxing authority thereof or therein (other than any such connection arising solely
from such recipient’s having executed, delivered or performed its obligations or received a payment under, or enforced, any Credit Document), (b) any branch profits taxes imposed by the United States of America or any similar tax imposed

  

 8 

 
by any other jurisdiction described in clause (a) above, (c) in the case of any Lender, any withholding tax imposed by the United Kingdom (or any
political subdivision thereof) that is in effect and would apply (assuming the taking by the applicable Borrower of all actions necessary in order for any available exemption from such tax to be effective) to amounts payable by a UK Borrowing
Subsidiary from an office within the United Kingdom to a UK Lending Office of such Lender at the time such Lender becomes a Lender under this Agreement (or designates such UK Lending Office), (d) in the case of any Lender, any withholding tax
imposed by Belgium (or any political subdivision thereof) that is in effect and would apply (assuming the taking by the applicable Borrower of all actions necessary in order for any available exemption from such tax to be effective) to amounts
payable by a Belgian Borrowing Subsidiary from an office within Belgium to a Belgian Lending Office of such Lender at the time such Lender becomes a Lender under this Agreement (or designates such Belgian Lending Office), and (e) in the case of
any Lender, any withholding tax that is attributable to such Lender’s failure to comply with Section 2.17(e); provided that in the case of clauses (c) and (d) above, no withholding tax shall be an Excluded Tax if and to
the extent that a Lender (or its assignor, if any) shall have been entitled, at the time it designates a new lending office (or at the time it acquires any rights hereunder by assignment), to receive additional amounts with respect to such
withholding tax pursuant to Section 2.17. 
 “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. 
 “Financial Officer” means
the chief financial officer, principal accounting officer, treasurer, assistant treasurer or controller of the Company. 
 “Five-Year
Agreement” means the Five-Year Credit Agreement dated as of May 31, 2007, among the Company, the borrowing subsidiaries party thereto, the lenders party thereto and JPMorgan Bank, N.A., as Administrative Agent. 
 “Foreign Lender” means, as to any Borrower, any Lender that is organized under the laws of a jurisdiction other than that in which such
Borrower is located. For purposes of this definition, the United States of America, each State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction. 
 “Form 10” means the Form 10 filed by the Company with the Securities and Exchange Commission on February 26, 2007 relating to the
Spin-Off and any amendments thereto. 
  

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 “GAAP” means generally accepted accounting principles in the United States of America.

 “Governmental Authority” means the government of the United States of America, 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. 
 “Guarantee” of or by any person means any obligation, contingent or otherwise, of such person
guaranteeing or having the economic effect of guaranteeing any Indebtedness of any other person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of such person, direct or indirect,
(a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or to purchase (or to advance or supply funds for the purchase of) any security for the payment of such Indebtedness, (b) to purchase
property, securities or services for the purpose of assuring the owner of such Indebtedness of the payment of such Indebtedness or (c) to maintain working capital, equity capital or other financial statement condition or liquidity of the
primary obligor so as to enable the primary obligor to pay such Indebtedness; provided, however, that the term Guarantee shall not include endorsements for collection or deposit, in either case in the ordinary course of business. The amount
of any Guarantee shall be deemed to equal the stated or determinable amount of the primary obligation in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof
(assuming such person is required to perform thereunder); provided, however, that the amount of any Guarantee that, by its terms, limits the amount payable thereunder to a stated or determinable amount shall not exceed such stated or
determinable amount. 
 “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 Laws. 
 “Hedging Agreement” means any interest rate protection agreement,
foreign currency exchange agreement, currency swap agreement or other interest or currency exchange rate hedging arrangement. The “principal amount” of any Hedging Agreement of the Company or any Subsidiary at any time shall be deemed to
be the aggregate amount at such time of the payments that would be required to be made by the Company or such Subsidiary in the event of any early termination at such time of such Hedging Agreement. 
 “Incur” means create, incur, assume, Guarantee or otherwise become responsible for, and “Incurred” and
“Incurrence” shall have correlative meanings. 
 “Indebtedness” of any person means, without duplication,
(a) all obligations of such person for money borrowed or raised (excluding all Securitization Transactions that are accounted for as true sales of accounts receivable and not as liabilities on the 

  

 10 

 
consolidated balance sheets of the Company, but including Securitization Transactions accounted for as liabilities on the consolidated balance sheets of the
Company), (b) all obligations of such person (other than accounts payable and other similar items arising in the ordinary course of business) for the deferred payment of the purchase price of property or services which would appear as
liabilities on a balance sheet of such person, (c) all Capital Lease Obligations of such person, (d) all Guarantees by such person of obligations of others that otherwise constitute Indebtedness and (e) all obligations (contingent or
otherwise) of such person as an account party in respect of letters of credit issued to secure payment obligations that otherwise constitute Indebtedness. 
 “Indemnified Taxes” means Taxes other than Excluded Taxes. 
 “Interest Election
Request” means a request by a Borrower to convert or continue a Borrowing in accordance with Section 2.08. 
 “Interest
Payment Date” means, with respect to any Loan, the last day of the Interest Period applicable to the Borrowing of which such Loan is a part and, in the case of a Borrowing 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. 
 “Interest Period” means with respect to any 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, six, or, if available from time to time from all of the Lenders, twelve months thereafter, as the applicable Borrower may elect; provided, that (a) if any Interest Period would end on a day other than a Business Day, such
Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on the next preceding Business Day and (b) any
Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar
month of such Interest Period. For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and, thereafter, shall be the effective date of the most recent conversion or continuation of such Borrowing.

 “Judgment Currency” has the meaning assigned to such term in Section 10.14(b). 
 “Lenders” means the Persons 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. 
  

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 “Leverage Ratio” means, at any date that is the last day of any fiscal quarter, the
ratio of (a) Consolidated Net Indebtedness on such date to (b) Consolidated EBITDA for the period of four consecutive fiscal quarters of the Company ended on such date. 
 “LIBO Rate” means, with respect to any Borrowing for any Interest Period, (a) the rate per annum appearing under the British
Bankers’ Association Interest Settlement Rates for deposits in the currency of such Borrowing at approximately 11:00 a.m., Brussels time, on the Quotation Day for such Interest Period, as reflected on the applicable Telerate screen page,
for a period equal to such Interest Period (or, if an interest rate is not ascertainable pursuant to the foregoing provisions of this definition, the average (rounded upward, if necessary, to the next 1/100 of 1%) of the respective interest rates
per annum at which deposits in the currency of such Borrowing are offered for such Interest Period to major banks in the London interbank market by ABNAMRO at approximately 11:00 a.m., Brussels time, on the Quotation Day for such Interest
Period), multiplied by (b) the Statutory Reserve Rate applicable to such Borrowing. 
 “Liquidity Determination Date”
means a date which is four Business Days prior to any EC Payment Date. 
 “Lien” means, with respect to any asset,
(a) any mortgage, deed of trust, lien, pledge, encumbrance, charge or security interest in or on such asset and (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement
relating to such asset. 
 “Loans” means the loans made by the Lenders to the Borrowers pursuant to Section 2.01(a) of
this Agreement. 
 “Margin Stock” means “margin stock” as defined in Regulation U of the Board of Governors
of the Federal Reserve System. 
 “Material Adverse Effect” means any event or condition not disclosed in writing to the
Lenders or in the Form 10, in each case prior to the date of this Agreement, that (a) has resulted or could reasonably be expected to result in a material adverse change in the business, assets, operations or financial condition of the
Company and the Subsidiaries taken as a whole or (b) has materially impaired or could reasonably be expected to materially impair the ability of the Credit Parties to perform any of their obligations under this Agreement or the other Credit
Documents, it being understood that the Spin-Off shall not be deemed to constitute a Material Adverse Effect. 
 “Material
Indebtedness” means Indebtedness (other than the Loans and Indebtedness owed to the Company or any Subsidiary), or obligations in respect of one or more Hedging Agreements, of any one or more of the Company and the Subsidiaries in an
aggregate principal amount greater than US$75,000,000. 
 “Material Subsidiary” means, at any time, (a) each Borrowing
Subsidiary and (b) each other Subsidiary exclusive of Subsidiaries that, together with their own subsidiaries, shall have accounted for less than 5% for any such Subsidiary, or 15% in the 

  

 12 

 
aggregate for all such Subsidiaries of Consolidated EBITDA for the period of four fiscal quarters most recently ended. For purposes of making the
determinations required by clause (b) of this definition, the components of Consolidated EBITDA of Non-US Subsidiaries shall be converted into US Dollars at the rates used in preparing the consolidated balance sheets of the Company included in
the applicable financial statements referred to in Section 3.04 or delivered pursuant to Section 5.05. 
 “Maturity
Date” means March 6, 2009. 
 “Non-US Lending Office” means, as to any Lender, any applicable branch, office
or Affiliate of such Lender designated by such Lender to make Loans in Euro. A Lender may designate multiple Non-US Lending Offices for Loans to different Borrowers; provided that (i) each Lender shall be deemed to have designated its UK
Lending Offices as its Non-US Lending Offices for all Loans in Euro (other than any such Loan by a Lender to a Belgian Borrowing Subsidiary) and (ii) each Lender shall be deemed to have designated its Belgian Lending Office as its Non-US
Lending Office for all Loans in Euro to the Belgian Borrowing Subsidiaries. 
 “Non-US Subsidiary” means a Subsidiary that
is not a US Subsidiary. 
 “Obligations” means (a) the principal of and interest (including interest accruing during
the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans, when and as due, whether at maturity, by acceleration, upon one or more dates set for
prepayment or otherwise and (b) all other monetary obligations, including fees, costs, expenses and indemnities, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of
any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), of any Credit Party under this Agreement or any other Credit Document. 
 “Other Taxes” means any and all present or future recording, stamp, documentary, excise, transfer, sales, property or similar taxes,
charges or levies arising from any payment made under any Credit Document or from the execution, delivery or enforcement of, or otherwise with respect to, any Credit Document. 
 “PBGC” has the meaning assigned to such term in Section 3.09. 
 “Permitted Encumbrances” means: 
 (a) Liens for taxes, assessments or governmental charges or claims that are not yet due and payable or are being contested in compliance with Section 5.03; 
 (b) statutory Liens of landlords, carriers, warehousemen, mechanics, materialmen and suppliers, in each case incurred in the ordinary
course of business for sums not yet delinquent or being contested in good faith; 
  

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 (c) Liens incurred or deposits made in the ordinary course of business in connection with
workers’ compensation, unemployment insurance and other social security programs, or to secure the performance of tenders, statutory obligations, bids, leases, government contracts, performance and return-of-money bonds and other similar
obligations (other than obligations for the payment of borrowed money); 
 (d) leases or subleases granted to others (other
than as security for Indebtedness) not interfering in any material respect with the business of the Company or any Subsidiary; 
 (e) easements, rights-of-way, restrictions, minor defects or irregularities in title and other similar charges or encumbrances not interfering in any material respect with the ordinary conduct of the business of the Company or any
Subsidiary; 
 (f) any interest or title of a lessor under any lease other than a Capital Lease or a lease entered into as
part of a Sale and Leaseback Transaction; 
 (g) Liens in favor of customs and revenue authorities arising as a matter of law
to secure payment of customs duties in connection with the importation of goods; 
 (h) deed restrictions to ensure
non-disturbance of legally permitted, permanent on-site waste storage/ treatment facilities; and 
 (i) normal and
customary rights of setoff upon deposits of cash in favor of banks or other depository institutions. 
 “Person” means any
natural person, corporation, limited liability company, trust, joint venture, association, company, partnership, Governmental Authority or other entity. 
 “Plan” means, for the Company and each Subsidiary at any time, an employee pension benefit plan which is covered by Title IV of ERISA or subject to the minimum funding standards under
Section 412 of the Code and either (a) is maintained by a member of the Controlled Group for employees of a member of the Controlled Group, (b) is maintained pursuant to a collective bargaining agreement or any other arrangement under
which more than one employer makes contributions and to which a member of the Controlled Group is then making or accruing an obligation to make contributions or has within the preceding five plan years made contributions, or (c) under which a
member of the Controlled Group has any liability, including any liability by reason of having been a substantial employer within the meaning of Section 4063 of ERISA at any time during the preceding five years or by reason of being deemed a
contributing sponsor under Section 4069 of ERISA. 
  

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 “Property” means any interest in any kind of property or asset, whether real, personal
or mixed, or tangible or intangible, whether now owned or hereafter acquired. 
 “Quotation Day” means, with respect to any
Borrowing and any Interest Period, the day on which it is market practice in the London interbank market for prime banks to give quotations for deposits in Euro for delivery on the first day of such Interest Period. If such quotations would normally
be given by prime banks on more than one day, the Quotation Day will be the last of such days. 
 “Rabobank Agreement” means
the 364-Day Credit Agreement dated March 7, 2008, among WABCO Financial Services BVBA, as borrower, WABCO Europe BVBA and WABCO Holdings, Inc. as guarantors, Pandios Comm.V.A., an indirectly wholly-owned subsidiary of Coöperatieve Centrale
Raiffeisen-Boerenleenbank B.A., as lender, and Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A., as Calculation Agent, pursuant to which Pandios Comm.V.A. has agreed to extend credit to WABCO Financial Services BVBA in the form of a loan in
Euro in an aggregate principal amount equal to €100,000,000. 
 “Register” has the meaning set forth in
Section 10.04. 
 “Related Parties” means, with respect to any specified Person, such Person’s Affiliates and the
respective directors, officers, employees and agents of such Person and such Person’s Affiliates. 
 “Required Lenders”
means, at any time, Lenders having Credit Exposures and unused Commitments representing more than 50% of the sum of the total Credit Exposures and unused Commitments at such time; provided that, for all purposes after the Loans become due and
payable pursuant to Article VII or the Commitments expire or terminate, “Required Lenders” will mean, at any time, Lenders having Credit Exposures representing more than 50% of the sum of the total Credit Exposures at such
time. 
 “Reset Date” has the meaning assigned to such term in Section 1.05. 
 “Sale-Leaseback Transaction” means any arrangement whereby the Company or a Subsidiary shall sell or transfer any property, real or
personal, used or useful in its business, whether now owner or hereinafter acquired, and thereafter rent or lease such property or other property that it intends to use for substantially the same purpose or purposes as the property sold or
transferred; provided that any such arrangement entered into within 180 days after the acquisition, construction or substantial improvement of the subject property shall not be deemed to be a “Sale-Leaseback Transaction”.

 “SEC” means the United States Securities and Exchange Commission or any successor Governmental Authority. 
 “Securitization Transaction” means (a) any transfer of accounts receivable or interests therein (i) to a trust, partnership,
corporation or other entity (other than a Subsidiary), which transfer or pledge is funded by such entity in whole or in part by the 

  

 15 

 
issuance to one or more lenders or investors of indebtedness or other securities that are to receive payments principally from the cash flow derived from
such accounts receivable or interests in accounts receivable, or (ii) directly to one or more investors or other purchasers (other than any Subsidiary), or (b) any transaction in which the Company or a Subsidiary Incurs Indebtedness or
other obligations secured by Liens on accounts receivable. The “amount” of any Securitization Transaction shall be deemed at any time to be (A) in the case of a transaction described in clause (a) of the preceding sentence, the
aggregate uncollected amount of the accounts receivable transferred pursuant to such Securitization Transaction, net of any such accounts receivable that have been written off as uncollectible, and (B) in the case of a transaction described in
clause (b) of the preceding sentence, the aggregate outstanding principal amount of the Indebtedness secured by Liens on accounts receivable Incurred pursuant to such Securitization Transaction or, if less, the aggregate uncollected amount of
the accounts receivable subject to such Liens. For purposes of this Agreement (including Sections 6.01(j) and (k)), accounts receivable shall include any and all payments owing to the Company or any Subsidiary by any and all obligors (including
obligors which are federal, state or local governments or governmental agencies) under long term contracts in respect of goods or other property sold or leased or services rendered. 
 “Spin-Off” means the distribution on a pro rata basis to ASCI’s shareholders in a tax-free transaction, on the terms described in
the Form 10, of all the issued and outstanding shares of common stock of WABCO. 
 “Statutory Reserve Rate” means, with
respect to any currency, 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, liquid asset or similar percentages (including any
marginal, special, emergency or supplemental reserves) expressed as a decimal established by any Governmental Authority of the United States or of the jurisdiction of such currency or any jurisdiction in which Loans in such currency are made to
which banks in such jurisdiction are subject for any category of deposits or liabilities customarily used to fund loans in such currency or by reference to which interest rates applicable to Loans in such currency are determined. Such reserve,
liquid asset or similar percentages shall include those imposed pursuant to Regulation D of the Board. Loans shall be deemed 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 Regulation D or any other applicable law, rule or 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 (herein referred to as the “parent”), any person 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, at the time any determination is
being made, owned, controlled or held by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent. 
  

 16 

 “Subsidiary” means any direct or indirect subsidiary of the Company. 
 “Taxes” means any and all present or future taxes, levies, imposts, duties, deductions, charges or withholdings imposed by any
Governmental Authority. 
 “Transactions” means the execution, delivery and performance by the Credit Parties of this
Agreement and the other Credit Documents, the Borrowings hereunder and the use of the proceeds thereof. 
 “UK Borrowing
Subsidiary” means a Borrowing Subsidiary that is organized in the United Kingdom or a political subdivision thereof. 
 “UK
Lending Office” means, as to any Lender, any applicable branch, office or Affiliate of such Lender designated by such Lender to make Loans in Euro (other than any Loan by a Lender to a Belgian Borrowing Subsidiary). 
 “Unfunded Vested Liabilities” means, for any Plan at any time, the amount (if any) by which (a) the present value of all vested
nonforfeitable accrued benefits under such Plan exceeds (b) the fair market value of all Plan assets allocable to such benefits, all determined as of the then most recent valuation date for such Plan, but only to the extent that such excess
represents a potential liability of a member of the Controlled Group to the PBGC or the Plan under Title IV of ERISA. 
 “Unrestricted Cash and Cash Equivalents” means cash and cash equivalents that are not, or are not required under the terms of any agreement or arrangement to be, (a) pledged to, subject to a Lien in favor of, or held
in one or more accounts under the control (as defined in the New York Uniform Commercial Code) of one or more creditors of the Company or any Subsidiary, or (b) otherwise segregated from the general assets of the Company and the Subsidiaries,
in one or more special accounts or otherwise, for the purpose of securing or providing a source of payment for Indebtedness or other obligations that are or from time to time may be owed to one or more creditors of the Company or any Subsidiary. It
is agreed that cash and cash equivalents held in ordinary deposit or securities accounts of the Company or its Subsidiaries and not subject to any existing or contingent restrictions on transfer by the Company or its Subsidiaries will be deemed to
constitute Unrestricted Cash and Cash Equivalents notwithstanding any setoff rights created by law or by applicable account agreements in favor of depositary institutions. 
 “US Borrower” means a Borrower that is a US Person. 
 “US Person” means a Person incorporated or otherwise organized in the United States of America, a State thereof or the District of Columbia. 
 “US Subsidiary” means a Subsidiary that is a US Person or is treated as disregarded as an entity separate from a US Person or is treated
as a US Person, in each case for US Federal income tax purposes. 
  

 17 

 “Voting Stock” of any Person means capital stock of any class or classes or other Equity
Interests (however designated) having ordinary voting power for the election of members of the board of directors or the equivalent governing body of such Person, other than capital stock or other Equity Interests having such power only by reason of
happening of a contingency. 
 “Welfare Plan” means a “welfare plan” as defined in Section 3(l) of
ERISA. 
 “Wholly Owned Subsidiary” means any Subsidiary all the Equity Interests in which, other than directors’
qualifying shares and/or other nominal amounts of Equity Interests that are required to be held by Persons other than the Company and its Wholly Owned Subsidiaries under applicable law, are owned, directly or indirectly, by the Company. 

SECTION 1.02. [Intentionally Omitted.] 
 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 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 and (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. References herein to the taking of
any action hereunder of an administrative nature by any Borrower shall be deemed to include references to the Company taking such action on such Borrower’s behalf and the Administrative Agent is expressly authorized to accept any such action
taken by the Company as having the same effect as if taken by such Borrower. Each reference herein to the “knowledge” of the Company or any Subsidiary shall be deemed to be a reference to the knowledge of any member of senior
management of the Company or such Subsidiary, any Financial Officer and, in the case of any reference to knowledge of any specific subject matter, the senior manager of the department or office of the Company or such Subsidiary responsible for such
matter. 
 SECTION 1.04. Accounting Terms; GAAP. Except as otherwise expressly provided herein, all terms of an accounting or
financial nature shall be construed in accordance with GAAP as in effect from time to time; provided that, if the Borrower Agent 

  

 18 

 
notifies the Administrative Agent that the Borrower Agent 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 Borrower Agent 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. All Financial Statements to be furnished to the Lenders hereunder shall be prepared, and all calculations determining compliance with Article VI
(including the definitions used therein) shall be made, for the relevant Person and its consolidated Subsidiaries on a consolidated basis in accordance with GAAP consistently applied throughout the periods involved except as set forth in the notes
thereto; provided that except as otherwise specifically provided herein, all calculations for determining compliance with Article VI shall utilize accounting principles and policies in effect at the time of the preparation of, and in
conformity with those used to prepare, the audited Financial Statements of the Company for the fiscal year ended December 31, 2006. With respect to any Subsidiary that is not a Wholly-Owned Subsidiary, only that portion of such
Subsidiary’s results of operations, assets and liabilities as are equal to Holding’s ownership shall be included in making any calculation with respect to the financial covenants in Article VI. 
 SECTION 1.05. [Intentionally Omitted.] 
 ARTICLE II 
 The Credits 
 SECTION 2.01. Commitments. (a) Subject to the terms and conditions set forth herein, each Lender agrees to make Loans to the Borrowers from time to time during the Availability Period in Euro from its
applicable Non-US Lending Offices in an aggregate principal amount that will not result in (i) such Lender’s Credit Exposure exceeding its Commitment or (ii) the sum of the aggregate Credit Exposures exceeding the aggregate
Commitments. 
 (b) Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrowers may
borrow, prepay and reborrow Loans during the Availability Period. 
 SECTION 2.02. Loans and Borrowings. (a) Each Loan shall be
made as part of a Borrowing consisting of Loans made by the Lenders (or their Affiliates as provided in paragraph (b) below) ratably in accordance with their respective Commitments. 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. 
  

 19 

 (b) Subject to Section 2.14, each Borrowing shall be comprised entirely of Loans
bearing interest by reference to the LIBO Rate. Each Lender at its option may make any Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect
the obligation of any Borrower to repay such Loan in accordance with the terms of this Agreement. 
 (c) At the commencement
of each Interest Period for any Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of €1,000,000 and not less than €5,000,000. There shall not at any time be outstanding more than a total of 3
Borrowings. 
 SECTION 2.03. Requests for Borrowings. To request a Borrowing, the applicable Borrower shall notify the Administrative
Agent of such request by telephone or by telecopy not later than 11:00 a.m., Brussels time, three Business Days before the date of the proposed Borrowing. Each such Borrowing Request shall be irrevocable and, if telephonic, shall be confirmed
promptly by hand delivery or telecopy to the Administrative Agent of a written Borrowing Request in a form agreed to by the Administrative Agent and the Borrower Agent and signed by the applicable Borrower, or by the Borrower Agent on behalf of the
applicable Borrower. Each such telephonic and written Borrowing Request shall specify the following information in compliance with Section 2.02: 
 (i) the Borrower requesting such Borrowing (or on whose behalf the Borrower Agent is requesting such Borrowing); 
 (ii) the aggregate amount of the requested Borrowing; 
 (iii) the date of such Borrowing,
which shall be a Business Day; 
 (iv) the initial Interest Period to be applicable thereto, which shall be a period
contemplated by the definition of the term “Interest Period”; and 
 (v) the location and number of the relevant
Borrower’s account to which funds are to be disbursed, which shall comply with the requirements of Section 2.07. 
 If no Interest Period is
specified with respect to any requested Borrowing, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Promptly following receipt of a Borrowing Request in accordance with this Section, the
Administrative Agent shall advise each Lender of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowing. 
 SECTION 2.04. [Intentionally Omitted.] 
 SECTION 2.05. [Intentionally Omitted.] 
 SECTION 2.06. [Intentionally Omitted.] 
  

 20 

 SECTION 2.07. 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 1:00 p.m., Brussels time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the applicable Lenders.
The Administrative Agent will make such Loans available to the applicable Borrower by promptly crediting the amounts so received, in like funds, to an account of such Borrower maintained with the Administrative Agent in Brussels and designated by
such Borrower in the applicable Borrowing Request. 
 (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 applicable 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 Borrowers severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount with interest thereon, for each day from and including the
date such amount is made available to the applicable Borrower to but excluding the date of payment to the Administrative Agent, at (i) in the case of such Lender, a rate determined by the Administrative Agent in accordance with banking industry
rules on interbank compensation or (ii) in the case of a Borrower, the interest rate applicable to such Borrowing. If such Lender pays such amount to the Administrative Agent, then such amount shall constitute such Lender’s Loan included
in such Borrowing. 
 SECTION 2.08. Interest Elections. (a) Each Borrowing shall have an initial Interest Period as specified in
such Borrowing Request. Thereafter, the applicable Borrower may elect to continue such Borrowing, and may elect Interest Periods therefor, all as provided in this Section. The applicable 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 any Loans resulting from an election made with respect to any such portion shall be
considered a separate Borrowing. Notwithstanding any other provision of this Section, no Borrowing may be converted into or continued as a Borrowing with an Interest Period ending after the Maturity Date. 
 (b) To make an election pursuant to this Section, a Borrower (or the Borrower Agent on its behalf) shall notify the Administrative Agent
of such election by telephone or by telecopy by the time and date that a Borrowing Request would be required under Section 2.03 if such Borrower were requesting a Borrowing resulting from such election to be made on the effective date of such
election. Each such Interest Election Request shall be irrevocable and, if telephonic, shall be confirmed promptly by hand delivery or telecopy to the Administrative Agent of a written Interest Election Request in a form approved by the
Administrative Agent and signed by the applicable Borrower (or the Borrower Agent on its behalf). The provisions of this Section shall not permit any Borrower to (i) elect an Interest Period for Loans that does not comply with
Section 2.02(d) or (ii) convert any Borrowing of a Borrower to a Borrowing of another Borrower. 
  

 21 

 (c) Each telephonic and written 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 clause (iii) 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; and 
 (iii) the Interest Period to be applicable thereto after giving effect to such election,
which shall be a period contemplated by the definition of the term “Interest Period”. 
 If any such Interest Election Request does not specify an
Interest Period, then the applicable 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, by 11:00 a.m. Brussels time three Business Days prior to the end of an Interest Period applicable to a
Borrowing, a Borrower (or the Borrower Agent on its behalf) has not delivered a timely Interest Election Request with respect to such Borrowing, then such Borrowing shall become due and payable on the last day of such Interest Period.
Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing and the Administrative Agent, at the request of the Required Lenders, so notifies the Borrower Agent, then, so long as an Event of Default is
continuing, at the end of the Interest Period applicable thereto, such Borrowing, unless repaid as provided herein, shall, subject to the rights of the Administrative Agent and the Required Lenders under Article VII, be continued as a Borrowing with
an Interest Period of one month’s duration. 
 SECTION 2.09. Termination and Reduction of Commitments. (a) Unless previously
terminated, the Commitments shall terminate on the Maturity Date. 
 (b) The Borrower Agent may at any time terminate, or from
time to time reduce, the Commitments; provided that (i) each reduction of the Commitments shall be in an amount that is an integral multiple of €1,000,000 and not less than €5,000,000 and (ii) subject to paragraph
(c) of this Section and Section 2.11(c), the Borrower Agent shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.11, the sum of the total Credit
Exposures would exceed the total Commitments or the aggregate Credit Exposures would exceed the aggregate Commitments. 
  

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 (c) The Borrower Agent shall promptly notify the Administrative Agent of any reduction in
the Commitments under, and as defined in, the Rabobank Agreement or any prepayment under the Rabobank Agreement (each, a “Rabobank Reduction”) and shall permanently reduce the Commitments within one Business Day of each such Rabobank
Reduction in an amount equal to such Rabobank Reduction. Promptly following receipt of any notice, the Administrative Agent shall advise the Lenders of the contents thereof. Each notice delivered by the Borrower Agent pursuant to this Section shall
be irrevocable. Any reduction of the Commitments shall be permanent. Each reduction of the Commitments shall be made ratably among the Lenders in accordance with their respective Commitments. 
 (d) The Borrower Agent 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 Borrower Agent pursuant to this Section shall be irrevocable; provided that a notice of termination of the Commitments delivered by the Borrower Agent may state
that such notice is conditioned upon the effectiveness of other credit facilities, in which case such notice may be revoked by the Borrower Agent (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 shall be made ratably among the Lenders in accordance with their respective Commitments. 
 SECTION 2.10. Repayment of Loans; Evidence of Debt. (a) Each Borrower hereby unconditionally promises to pay to the Administrative Agent
for the account of each Lender the unpaid principal amount of each Loan made by such Lender on the Maturity Date. 
 (b) Each
Lender shall maintain in accordance with its usual practice an account or accounts evidencing the Indebtedness of each 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, and the Interest Period, if any, applicable thereto, and (ii) the amounts of all sums received by the Administrative Agent hereunder for the accounts 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 any Borrower to repay the Loans in accordance with the terms of this Agreement. 
  

 23 

 (e) Any Lender may request that Loans made by it be evidenced by a promissory note. In
such event, each Borrower shall 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 substantially the form attached hereto as
Exhibit F. Thereafter, the Loans evidenced by such promissory note and interest thereon shall at all times (including after assignment pursuant to Section 10.04) be represented by one or more promissory notes in such form payable to the
order of the payee named therein (or, if such promissory note is a registered note, to such payee and its registered assigns). 
 SECTION
2.11. Prepayment of Loans. (a) The Borrowers shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to the requirements of this Section and to prior notice in accordance with paragraph
(d) of this Section and payment of any amounts required under Section 2.16. 
 (b) If, at any time when Loans are
outstanding hereunder, (i) there shall be any unused Commitments under and as defined in the Five-Year Agreement (other than undrawn commitments equal to the aggregate amount of all Swingline Loans (under and as defined in the Five-Year
Agreement), if any, outstanding, but in no event greater than $30,000,000) or (ii) there shall be any Available Commitments under and as defined in the Rabobank Agreement, the Borrowers will promptly borrow an amount under the Five-Year
Agreement, the Rabobank Agreement or a combination thereof equal to the lesser of the amount of the Loans outstanding hereunder and the amount of such aggregate unused commitments and apply the proceeds of such borrowing to the prepayment of the
Loans outstanding hereunder. 
 (c) In the event and on each occasion that the Commitments shall be reduced pursuant to
Section 2.09(c), if the sum of the total Credit Exposures would exceed the total reduced Commitments, the Borrowers shall, simultaneously with such reduction, prepay Borrowings (or, if less, a portion of Borrowings) in an aggregate amount equal
to such excess. The Borrower Agent shall, to the extent practicable, notify the Administrative Agent by telephone (confirmed by telecopy) of any prepayment hereunder not later than 11:00 a.m., Brussels time, on the 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. Promptly following receipt of any such notice, the Administrative Agent shall
advise the Lenders of the contents thereof. 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 2.13.

 (d) If the Commitments are terminated pursuant to Section 2.09(b)(ii), the principal of the Loans then outstanding,
together with accrued interest thereon and all fees and other obligations of the Borrowers accrued hereunder, shall automatically become due and payable and the Borrowers hereby unconditionally promise to pay all such amounts on the day the
Commitments are terminated. 
  

 24 

 (e) Prior to any optional or mandatory prepayment of Borrowings, the applicable Borrower
shall select the Borrowings to be prepaid and shall specify such selection in the notice of such prepayment pursuant to paragraph (f) below. 
 (f) The Borrower Agent or the applicable Borrower shall, to the extent practicable, notify the Administrative Agent by telephone (confirmed by telecopy) of any prepayment hereunder not later than 11:00 a.m.,
Brussels time, three Business Days (or, if the date of prepayment shall be the last day of the Interest Period applicable to such Borrowing, 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 2.09, then such notice of prepayment may be revoked if such notice of termination is revoked in accordance with Section 2.09. Promptly following receipt of any such notice, 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 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 2.13. 
 SECTION 2.12. Fees. (a) The Company agrees to pay to the Administrative Agent, in Euro, for the account of the office (or Affiliate) of each Lender from which such Lender would make Loans to the Company hereunder, a facility
fee, which shall accrue at the Applicable Rate on the daily amount of the Commitments of such Lender (whether used or unused) or, after the termination of the Commitments, on the Credit Exposure of such Lender, during the period from and including
the date of this Agreement but excluding the Maturity Date; provided that, if such Lender shall continue to have any Credit Exposure after the Maturity Date, then such facility fee shall continue to accrue on the daily amount of such
Lender’s Credit Exposure from and including the Maturity Date to but excluding the date on which such Lender shall cease to have any Credit Exposure. Accrued facility fees shall be payable in arrears on the last day of March, June, September
and December of each year, on any date prior to the Maturity Date on which all the Commitments shall have terminated and on the Maturity Date, commencing on the first such date to occur after the Effective Date; provided that any facility
fees accruing after the Maturity Date shall be payable on demand. All facility fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last
day). 
 (b) The Company agrees to pay to the Administrative Agent, for its own account, fees payable in the amounts and at
the times separately agreed upon between the Company and the Administrative Agent. 
  

 25 

 (c) All fees payable hereunder shall be paid on the dates due, in immediately available
funds, to the Person specified above for its own account or, in the case of facility fees and participation fees paid to the Agents, for distribution to the Lenders. Fees paid shall not be refundable under any circumstances. 
 SECTION 2.13. Interest. (a) The Loans comprising each Borrowing shall bear interest at the LIBO Rate for the Interest Period in effect for
such Borrowing plus the Applicable Rate. 
 (b) Notwithstanding the foregoing, if any principal of or interest on any Loan or
any fee or other amount payable by any Borrower hereunder is not paid when due, whether at stated maturity, upon acceleration or otherwise, such overdue amount shall bear interest, after as well as before judgment, at a rate per annum equal to
(i) in the case of overdue principal of any Loan, 2% per annum plus the rate otherwise applicable to such Loan or (ii) in the case of any other amount 2% per annum plus the rate that would have been applicable to a Loan with an
Interest Period of three month’s duration made on the date on which such amount became due. 
 (c) Accrued interest on
each Loan shall be payable in arrears on each Interest Payment Date for such Loan and, upon termination of the Commitments; provided that (i) interest accrued pursuant to paragraph (b) 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 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. 
 (d) All interest hereunder shall be computed on the basis of a year of 360 days 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 LIBO Rate shall be determined by the Administrative Agent, and such determination shall be presumed correct in the absence of facts or circumstances indicating that it has been made in error. 
 SECTION 2.14. Alternate Rate of Interest. If prior to the commencement of any Interest Period for any Borrowing: 
 (a) the Administrative Agent determines (which determination shall be presumed correct in the absence of facts or circumstances indicating
that it has been made in error) that adequate and reasonable means do not exist for ascertaining the LIBO Rate for such Interest Period; or 
 (b) the Administrative Agent is advised by the Required Lenders that the LIBO Rate for such Interest Period will not adequately and fairly reflect the cost to such Lenders (or Lender) of making or maintaining their
Loans (or its Loan) included in such Borrowing for such Interest Period; 
  

 26 

 then the Administrative Agent shall give notice thereof to the Borrower Agent and the Lenders by telephone or telecopy as
promptly as practicable thereafter and the Borrower Agent and Administrative Agent shall seek to determine a rate in lieu of the LIBO Rate based on market conditions and in consultation with the applicable Lenders and the Borrower Agent;
provided however that if the Borrower Agent and the Administrative Agent, after negotiation conducted in good faith, cannot agree on such a rate, the Administrative Agent shall determine such rate in its reasonable discretion based on market
conditions and in consultation with the applicable Lenders. 
 SECTION 2.15. Increased Costs. (a) If any Change in Law shall:

 (i) impose, modify or deem applicable any reserve, special deposit or similar requirement against assets of, deposits with
or for the account of, or credit extended by, any Lender (except to the extent any such reserve requirement is reflected in the LIBO Rate); or 
 (ii) impose on any Lender or the London interbank market or any other market in which Loans are funded any other condition affecting this Agreement or Loans made by such Lender; 
 and the result of any of the foregoing shall be to increase the cost to such Lender of making or maintaining any Loan (or of maintaining its obligation to make any such
Loan) or to increase the cost to such Lender or to reduce the amount of any sum received or receivable by such Lender hereunder (whether of principal, interest or otherwise), then the Borrowers will pay to such Lender such additional amount or
amounts as will compensate such Lender on a net after-tax basis for such additional costs incurred or reduction suffered. 
 (b) If any Lender determines in good faith that any Change in Law regarding capital 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 adequacy), then from time to time the Borrowers 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) If the cost to any Lender of making or maintaining any
Loan to any Borrowing Subsidiary incorporated in, or conducting business in, a jurisdiction outside the United States is increased or the amount of any sum received or receivable by any Lender (or its applicable lending office) is reduced as a
result of any law, rule, regulation or action of a Governmental Authority in such jurisdiction (other than through the imposition of any Excluded Tax or other imposition expressly excluded from the yield protection or indemnity provisions set forth
herein) by an amount deemed in good faith by such Lender to be material, such Borrowing Subsidiary shall indemnify such Lender for such increased cost or reduction within 15 days after demand by such Lender (with a copy to the Administrative
Agent). 
  

 27 

 (d) 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), (b) or (c) of this Section and explaining in reasonable detail the method by which such amount or amounts were determined, together with supporting
documentation or computations, shall be delivered to the Borrower Agent and shall be presumed correct in the absence of facts or circumstances indicating that the determinations reflected therein have been made in error. The Borrowers shall pay such
Lender the amount shown as due on any such certificate within 10 Business Days after receipt thereof. 
 (e) 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 Borrowers shall not be required to compensate a Lender
pursuant to this Section for any increased costs or reductions incurred more than 120 days prior to the date that such Lender notifies the Borrower Agent of the Change in Law or other event or circumstance 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 or other event or circumstance giving rise to such increased costs or reductions is retroactive, then the 120-day
period referred to above shall be extended to include the period of retroactive effect thereof. 
 SECTION 2.16. Break Funding
Payments. In the event of (a) the payment of any principal of any Loan other than on the last day of an Interest Period applicable thereto (including on the Maturity Date or as a result of an Event of Default), (b) the conversion of
any Loan other than on the last day of the Interest Period applicable thereto, (c) the failure to borrow, convert, continue or prepay any Loan on the date specified in any notice delivered pursuant hereto (regardless of whether such notice may
be revoked under Section 2.11(f) and is revoked in accordance therewith), or (d) the assignment of any Loan other than on the last day of the Interest Period applicable thereto as a result of a request by the Borrower Agent pursuant to
Section 2.19, then, in any such event, the applicable Borrower shall compensate each Lender for the loss, cost and expense attributable to such event. In the case of a 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 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 deposits in the applicable currency of a comparable
amount and period from other banks in the eurocurrency market or bill rate market, as applicable. A certificate of any Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this Section, together with
supporting documentation or computations, shall be delivered to the applicable Borrower or to the Borrower Agent and shall be presumed correct 

  

 28 

 
in the absence of facts or circumstances indicating that the determinations reflected therein have been made in error. The applicable Borrower shall pay such
Lender the amount shown as due on any such certificate within 10 Business Days after receipt thereof. 
 SECTION 2.17. Taxes.
(a) Any and all payments by or on account of any obligation of any Credit Party hereunder or under any other Credit Document shall be made free and clear of and without deduction for any Indemnified Taxes or Other Taxes; provided that if
any Credit Party shall be required to deduct any Indemnified Taxes or Other Taxes from any such payment, then (i) the sum payable shall be increased as necessary so that after making all required deductions of Indemnified Taxes or Other Taxes
(including deductions applicable to additional sums payable under this Section) the Administrative Agent or Lender (as the case may be) receives an amount equal to the sum it would have received had no such deductions been made, (ii) the
Borrower Agent will make such deductions or will cause such Credit Party to make such deductions and (iii) the Borrower Agent will pay or cause such Credit Party to pay the full amount deducted to the relevant Governmental Authority in
accordance with applicable law. 
 (b) In addition, the Borrowers shall pay any Other Taxes required to be paid by them to the
relevant Governmental Authority in accordance with applicable law. 
 (c) The Borrowers shall indemnify the Administrative
Agent and each Lender, within 10 Business Days after written demand therefor, for the full amount of any Indemnified Taxes or Other Taxes paid by the Administrative Agent or such Lender on or with respect to any payment by or on account of any
obligation of any Credit Party hereunder or under any other Credit Document (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section) and any penalties, interest and reasonable expenses
arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate setting forth in reasonable detail the amount and
nature of such payment or liability shall be delivered to the Borrower Agent by a Lender, or by the Administrative Agent on its own behalf or on behalf of a Lender and shall be presumed correct in the absence of facts or circumstances indicating
that the determinations reflected therein have been made in error. 
 (d) As soon as practicable after any payment of
Indemnified Taxes or Other Taxes by a Credit Party to a Governmental Authority, the Borrower Agent 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. 
 (e) Any Foreign Lender that is entitled to an exemption from or reduction of withholding tax under the law of the jurisdiction in which a Borrower is located, or any treaty to which such jurisdiction is a party, with respect to payments
under 

  

 29 

 
this Agreement shall deliver to the Borrower Agent (with a copy to the Administrative Agent), at the time or times prescribed by applicable law, such
properly completed and executed documentation prescribed by applicable law or reasonably requested by the Borrower Agent as will permit such payments to be made without withholding or at a reduced rate, provided, in the case of any exemption
or reduction available under the laws of a jurisdiction other than the United States, the United Kingdom or Belgium that such Foreign Lender has received written notice from the Borrower Agent advising it of the availability of such exemption or
reduction and containing all applicable documentation. 
 (f) If the Administrative Agent or a Lender determines in good faith
that it has received a refund of any Taxes or Other Taxes as to which it has been indemnified by a Borrower or with respect to which a Borrower has paid additional amounts pursuant to this Section 2.17, it shall pay over such refund to the
Borrower Agent (but only to the extent of indemnity payments made, or additional amounts paid, by the Borrowers under this Section 2.17 with respect to the Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses of
the Administrative Agent or such Lender and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund); provided, that the Borrowers, upon the request of the Administrative Agent or such
Lender, agree to repay the amount paid over to the Borrower Agent (plus any penalties, interest or other charges imposed by the relevant Governmental Authority not resulting from the negligence of the Administrative Agent or Lender) to the
Administrative Agent or such Lender in the event the Administrative Agent or such Lender is required to repay such refund to such Governmental Authority. This Section shall not be construed to require the Administrative Agent or any Lender to make
available its tax returns (or any other information relating to its taxes which it deems confidential) to any Credit Party or any other Person. 
 (g) On the date it becomes a Lender hereunder, (i) each Lender will designate a UK Lending Office and a Belgian Lending Office, in each case for the Loans to be made by it such that, on such date, it will not be
liable for any withholding tax referred to in clause (c) or (d), as applicable, of the definition of “Excluded Taxes” in Article I (other than any withholding tax that is not an Excluded Tax under the proviso to such definition).

 SECTION 2.18. Payments Generally; Pro Rata Treatment; Sharing of Set-offs. (a) Each Borrower shall make each payment required
to be made by it hereunder or under any other Credit Document (whether of principal, interest or fees, or of amounts payable under Section 2.15, 2.16 or 2.17, or otherwise) prior to 2:00 p.m., Brussels 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 specified on Schedule 2.18 for the account of the applicable Lenders or, in any such case, to such other account as the
Administrative Agent shall from time to 

  

 30 

 
time specify in a notice delivered to the Borrower Agent. 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 under any Credit Document 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 (or of any breakage indemnity in respect of any Loan) or any
fees payable hereunder and under each other Credit Document shall be made in Euro, except as otherwise expressly provided herein, and all other payments hereunder shall be payable in Euro or Dollars as directed by the Administrative Agent. 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. Any amount payable by the Administrative Agent to one or more Lenders in the national currency of a member state
of the European Union that has adopted the Euro as its lawful currency shall be paid in Euro. 
 (b) If at any time
insufficient funds are received by and available to the Administrative Agent from any Borrower to pay fully all amounts of principal, interest and fees then due from such Borrower hereunder, such funds shall be applied (i) first, towards
payment of interest and fees then due from such 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 such 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 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 shall not be construed to apply to any payment made by any Borrower pursuant to and in accordance with the express terms of this Agreement or any payment obtained by a Lender as consideration for the
assignment of or sale of a participation in any of its Loans to any assignee or participant, other than to the Company or any Subsidiary or Affiliate thereof (as to which the provisions of this paragraph shall apply). Each 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 such Borrower rights of set-off and counterclaim with respect to
such participation as fully as if such Lender were a direct creditor of such Borrower in the amount of such participation. 
  

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 (d) Unless the Administrative Agent shall have received notice from the applicable
Borrower prior to the date on which any payment is due to the Administrative Agent for the account of any Lenders hereunder that the applicable Borrower will not make such payment, the Administrative Agent may assume that such Borrower has made such
payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to such Lenders the amount due. In such event, if such 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 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 2.07(b) or paragraph (d) of this Section 2.18, then the Administrative Agent may, in its discretion (notwithstanding any contrary
provision hereof), apply any amounts thereafter received by it for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid. 
 SECTION 2.19. Mitigation Obligations; Replacement of Lenders. (a) If any Lender requests compensation under Section 2.15, or if any
Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.17 or 2.21, then such Lender shall 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 such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 2.15, 2.17
or 2.21, as the case may be, in the future and (ii) in the reasonable judgment of such Lender, would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. Each 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 2.15, or if any Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.17
or 2.21, or if any Lender defaults in its obligation to fund Loans hereunder, then the Borrower Agent may, at its sole expense, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without
recourse (in accordance with and subject to the restrictions contained in Section 10.04), all its interests, rights and obligations under this Agreement to an assignee that shall assume such obligations (which assignee may be another Lender, if
a Lender accepts such assignment); provided that (i) the Borrower Agent shall have received the prior written consent of the Administrative Agent, which consent shall not unreasonably 

  

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be withheld or delayed, (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 Borrowers (in the case of all other amounts) and (iii) in the case of any
such assignment resulting from a claim for compensation under Section 2.15 or payments required to be made pursuant to Section 2.17 or 2.21, such assignment will result in a reduction in such compensation or payments. Nothing in this
Section shall limit any right or remedy that any Borrower may otherwise have against any Lender. 
 SECTION 2.20. Borrowing
Subsidiaries. On or after the Effective Date, the Borrower Agent may designate any subsidiary of the Borrower Agent as a Borrowing Subsidiary by delivery to the Administrative Agent of a Borrowing Subsidiary Agreement executed by such Subsidiary
and the Borrower Agent, and upon such delivery such Subsidiary shall for all purposes of this Agreement be a party to and a Borrowing Subsidiary under this Agreement. Upon the execution by the Borrower Agent and delivery to the Administrative Agent
of a Borrowing Subsidiary Termination with respect to any Borrowing Subsidiary, such Subsidiary shall cease to be a Borrowing Subsidiary; provided that no Borrowing Subsidiary Termination will become effective as to any Borrowing Subsidiary
(other than to terminate its right to make further Borrowings at a time when any principal of or interest on any Loan to such Borrowing Subsidiary shall be outstanding hereunder, unless the obligations of such Borrowing Subsidiary in respect of such
Loan shall have been assumed by another Borrower. In the event that any Borrowing Subsidiary shall cease to be a Subsidiary, the Borrower Agent will promptly execute and deliver to the Administrative Agent a Borrowing Subsidiary Termination
terminating its status as a Borrowing Subsidiary subject to the proviso in the immediately preceding sentence. Promptly following receipt of any Borrowing Subsidiary Agreement or Borrowing Subsidiary Termination, the Administrative Agent shall send
a copy thereof to each Lender. 
 SECTION 2.21. Additional Reserve Costs. (a) If and so long as any Lender is required after the
date hereof to make special deposits with the Bank of England, to maintain reserve asset ratios or to pay fees, in each case in respect of such Lender’s Loans, such Lender may require the relevant 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 Costs Rate calculated in accordance with the formula and in the manner set forth in Exhibit C hereto. 
 (b) If and 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 Board or by European Central Bank or the European System of Central Banks, but excluding requirements reflected in the Mandatory Costs Rate) in respect of any of such Lender’s
Loans, such Lender may require the relevant 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. 
  

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 (c) Any additional interest owed pursuant to paragraph (a) or (b) above shall
be determined by the relevant Lender, which determination shall be presumed correct in the absence of facts or circumstances indicating that it has been made in error, and notified to the relevant Borrower (with a copy to the Administrative Agent)
at least five Business Days before each date on which interest is payable for the relevant Loan, and such additional interest so notified to the relevant 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 2.22. [Intentionally Omitted.] 
 ARTICLE III 
 Representations and
Warranties 
 The Company represents and warrants to the Lenders as to itself and each Subsidiary, and each Borrowing Subsidiary
represents and warrants to the Lenders as to itself and its subsidiaries, as follows (it being understood that each reference in this Article III to the Credit Parties shall include, on any date as of which the representations and warranties set
forth herein are made or deemed made, only those Persons that are Credit Parties on such date): 
 SECTION 3.01. Organization and
Qualification. Each Credit Party and each Material Subsidiary is duly organized, validly existing and in good standing (to the extent such concept is relevant to such Person in its jurisdiction of organization) under the laws of the jurisdiction
of its organization, has full and adequate corporate power to carry on its business as now conducted and is duly licensed or qualified and, to the extent relevant, in good standing in each jurisdiction in which the nature of the business transacted
by it or the nature of the Property owned or leased by it makes such licensing or qualification necessary, except where such failure to be so licensed or qualified and in good standing does not constitute and would not result in a Material Adverse
Effect. 
 SECTION 3.02. Corporate Authority and Validity of Obligations. Each Credit Party has the corporate, company or partnership
power and authority to consummate the Transactions, to enter into this Agreement and each other Credit Document to which it is a party, to make the Borrowings to be made by it hereunder, to issue its notes in evidence thereof and to perform all its
obligations hereunder and under each other Credit Document to which it is a party. The execution, delivery and performance of this Agreement and the other Credit Documents have been duly authorized by all necessary corporate, company or partnership
action of the Credit Parties, and this Agreement and the other Credit Documents constitute valid and binding obligations of the Credit Parties, enforceable in accordance with their terms, subject to bankruptcy, insolvency and similar laws affecting
the enforcement of creditors’ rights generally and to general principles of equity. None of this Agreement, any other Credit Document or the Transactions (i) will 

  

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contravene any charter or by-law provision of any Credit Party, (ii) will contravene any provision of law or of any regulation or order of any
Governmental Authority or any judgment, or any material covenant, indenture or agreement of or affecting any Credit Party or a substantial portion of the Properties of any Credit Party where such contravention referred to in this clause
(ii) would reasonably be expected to result in a Material Adverse Effect or to affect materially and adversely the rights or interests of the Administrative Agent or any Lender, or (iii) result in the creation of any Lien upon any material
Property or asset of any Credit Party or Subsidiary. 
 SECTION 3.03. Margin Stock. None of the Company, any other Credit Party or any
other Material Subsidiary is engaged principally, or as one of its primary activities, in the business of extending credit for the purpose of purchasing or carrying Margin Stock, and the proceeds of any Loan will not be used in a manner that
violates any provision of Regulation U or X of the Board. 
 SECTION 3.04. Financial Reports. (a) The consolidated balance
sheet of the Company and its Subsidiaries and the related consolidated statements of earnings, shareholders’ equity and cash flows of the Company and its Subsidiaries and accompanying notes thereto (i) as at December 31, 2006, and for
the year then ended, which financial statements are accompanied by the report of Ernst & Young LLP (the “Annual Financial Statements”), and (ii) as at September 30, 2007, and for the fiscal quarter then ended,
certified by the Company through its Chief Financial Officer, heretofore furnished to the Administrative Agent, fairly present in all material respects the consolidated financial condition of the Company and its Subsidiaries as at such dates and
their consolidated results of operations, shareholders’ equity and cash flows for the periods then ended in conformity with GAAP, subject to year-end adjustments and the absence of footnotes in the case of the statements referred to in
clause (ii) above. 
 (b) The pro forma balance sheet of the Company and the Subsidiaries set forth in the Second
Amendment to the Form 10, filed with the SEC on May 23, 2007, was derived from the Annual Financial Statements and was prepared in good faith based upon the best information available to the Company at the time of such filing and presents
fairly in all material respects on a pro forma basis, giving effect to the Spin-Off, the financial condition of the Company and the Subsidiaries as of December 31, 2006. 
 SECTION 3.05. No Material Adverse Effect. Since December 31, 2006, there has not occurred or become known any Material Adverse Effect.

 SECTION 3.06. Litigation. There is no litigation or governmental proceeding pending, or to the knowledge of the Company or any
Material Subsidiary threatened, against the Company or any Material Subsidiary which if adversely determined could (a) impair the validity or enforceability of, or materially impair the ability of the Company or any other Credit Party to
perform its obligations under, this Agreement or any other Credit Document or (b) except as disclosed in the Form 10. 
  

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 SECTION 3.07. Tax Returns. The Company has filed all Tax returns and reports required to have been
filed and has paid 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 Company 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 3.08.
Approvals. No authorization, consent, license, exemption, filing or registration with any court or governmental department, agency or instrumentality, or any other Person, is necessary to the consummation of the Transactions or the valid
execution, delivery or performance by any Credit Party of this Agreement or any other Credit Document except for those obtained on or before the Effective Date or those the failure of which to obtain would not individually or in the aggregate
reasonably be expected to result in a Material Adverse Effect. 
 SECTION 3.09. ERISA. The Company and each Subsidiary is in
compliance in all material respects with the Employee Retirement Income Security Act of 1974 (“ERISA”) to the extent applicable to it and has received no notice to the contrary from the Pension Benefit Guaranty Corporation or any
successor thereto (“PBGC”) or any other governmental entity or agency. No condition exists or event or transaction has occurred under or relating to any Plan which could reasonably be expected to result in the incurrence by the
Company or any Subsidiary of any material liability, fine or penalty. Neither the Company nor any Subsidiary has any contingent liability for any post-retirement benefits under a Welfare Plan that would reasonably be expected to result in a Material
Adverse Effect. 
 SECTION 3.10. Environmental Matters. Except as set forth on Schedule 3.10 or in Amendment No. 2 to the
Form 10, and except with respect to any other matters that, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect, none of the Company and the Material Subsidiaries (a) has failed to comply
with any Environmental Laws or to obtain, maintain or comply with any permit, license or other approval required under any Environmental Laws, (b) has become subject to any liability under any Environmental Laws, (c) has received written
notice of any claim with respect to any Environmental Laws or (d) knows of any basis for any liability under any Environmental Laws. 
 SECTION 3.11. Properties. (a) The Company and each Material Subsidiary has good title to, or valid leasehold interests in, all its real and personal property material to its business, subject only to Liens permitted by
Section 6.01 and except for defects in title or property the absence of which would not individually or in the aggregate reasonably be expected to result in a Material Adverse Effect. 
 (b) The Company and each Material Subsidiary owns, or is licensed to use, all trademarks, tradenames, copyrights, patents and other
intellectual property material to its business, and the use thereof by it does not infringe upon the rights of any other Person, except for any such defects in ownership or license rights or other infringements that, individually or in the
aggregate, would not reasonably be expected to result in a Material Adverse Effect. 
  

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 SECTION 3.12. Compliance with Laws. The Company and each Material Subsidiary is in compliance with
all laws, regulations and orders of each Governmental Authority applicable to it or its property (a) except where the failure to be in compliance, individually or in the aggregate, would not reasonably be expected to result in a Material
Adverse Effect, and (b) except for violations of law solely with respect to the European Commission matter regarding possible infringements of European Union competition rules by the Company, certain European Subsidiaries of the Company and a
number of unaffiliated companies, as disclosed in the Form 10 (the “EC Matter”). 
 SECTION 3.13. Investment Company
Status. None of the Company and its Subsidiaries is an “investment company” as defined in, or subject to regulation under, the Investment Company Act of 1940. 
 SECTION 3.14. Disclosure. None of the reports, financial statements, certificates or other information furnished in writing by or on behalf of the
Company or any Subsidiary to the Administrative Agent or any Lender in connection with the negotiation of this Agreement or any other Credit Document or delivered hereunder or thereunder, as of the date furnished and taken together with all other
information so furnished or included in reports filed by the Company with the SEC on or prior to such date, including, without limitation, Amendment No. 2 to the Form 10, contained or will contain any material misstatement of fact or omitted or
will omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not materially misleading. All projections and other forward looking information contained in any of the
reports, financial statements, certificates or other information furnished by or on behalf of the Company or any Subsidiary to the Administrative Agent or any Lender in connection with the negotiation of this Agreement, or any other Credit Document
or delivered hereunder or thereunder (as modified or supplemented from time to time by other information so furnished) have been prepared by the Company or such Subsidiary in good faith based upon assumptions that were reasonable at the time made
and at the time such projections and other information were furnished. 
 ARTICLE IV 
 Conditions 
 SECTION 4.01. Effective Date. The obligations of the Lenders
to make Loans hereunder shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section 10.02): 
 (a) The Administrative Agent (or its counsel) shall have received from each party hereto or to any other Credit Document either (i) a
counterpart of this Agreement or such Credit Document signed on behalf of such party or (ii) written evidence satisfactory to the Administrative Agent (which may include telecopy transmission or electronic imaging of a signed signature page of
this Agreement or such Credit Document) that such party has signed a counterpart of this Agreement or such Credit Document. 
  

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 (b) The Administrative Agent shall have received a favorable written opinion (addressed
to the Administrative Agent and the Lenders and dated the Effective Date) of McDermott Will & Emery LLP, counsel for the Borrowers, substantially in the form of Exhibit D hereto, in such form as shall be acceptable to the Administrative
Agent. Each Credit Party hereby requests such counsel to deliver such opinions. 
 (c) 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 (to the extent such concept is relevant to such Person in its jurisdiction of
organization) of each Credit Party (other than any Credit Party that is a Non-US Subsidiary, to the extent such matters are covered by legal opinions referred to in (b) above) and the authorization of the Transactions, all in form and substance
reasonably satisfactory to the Administrative Agent and its counsel. 
 (d) The Administrative Agent shall have received a
certificate, dated the Effective Date and signed by the President, a Vice President or a Financial Officer of the Company, confirming compliance with the conditions set forth in paragraph (f) of this Section 4.01 and paragraph (b) of
Section 4.02. 
 (e) The Administrative Agent shall have received all fees and other amounts due and payable on or prior
to the Effective Date, including, to the extent invoiced, reimbursement or payment of all reasonable out-of-pocket expenses required to be reimbursed or paid by the Company or the Borrowers hereunder. 
 (f) The representations and warranties of the Credit Parties set forth in Article III shall be true and correct in all material respects
(except that any representation given as of a particular date shall be true and correct in all material respects as of such date) and no Default shall have occurred and be continuing. 
 (g) The Administrative Agent and each Lender shall have received each financial statement or report referred to in Section 3.04.

 (h) The Rabobank Agreement shall have been executed and become effective in accordance with the terms thereof. 

(i) The EC Judgment shall not be less than €500,000,000 or greater than €1,200,000,000. 
 (j) The consummation of the Transactions shall not violate any applicable law, statute, rule or regulation in any material respect, and
all material governmental and third party approvals required in connection with the Transactions shall have been obtained. 
  

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 The Administrative Agent shall notify the Credit Parties and the Lenders of the Effective Date, and such notice shall be
conclusive and binding. 
 SECTION 4.02. Each Borrowing. The obligation of each Lender to make Loans that increases any Credit
Exposure of any Lender is subject to the satisfaction or waiver of the following conditions: 
 (a) The representations and
warranties of the Credit Parties set forth in Article III (other than those set forth in Sections 3.05, 3.06 and 3.12, but solely as such Section 3.12 relates to the EC Matter) shall be true and correct in all material respects on and as of the
date of such Borrowing (except to the extent such representations and warranties by their terms relate to an earlier date, in which case they shall be true and correct in all material respects on and as of such earlier date). 
 (b) At the time of and immediately after giving effect to such Borrowing, no Default shall have occurred and be continuing. 
 (c) With respect to any Borrowing following any Liquidity Determination Date, the Company shall have delivered the certificate required
under Section 5.05(h) demonstrating compliance with the requirements of Section 6.07. 
 (d) Each of the Five-Year
Agreement and the Rabobank Agreement shall be in full force and effect and, at the time of and immediately after giving effect to any Borrowing hereunder, there shall be (i) no unused Commitments under and as defined in the Five-Year Agreement
(other than undrawn commitments equal to the amount of all Swingline Loans (under and as defined in the Five-Year Agreement), if any, outstanding, but in no event greater than $30,000,000), and (ii) no Available Commitments under and as defined
in the Rabobank Agreement. 
 Each Borrowing that increases any Credit Exposure of any Lender shall be deemed to constitute a representation and warranty by
the Company and each Borrower on the date thereof as to the matters specified in paragraphs (a), (b) and (d) of this Section. 
 SECTION 4.03. Initial Borrowing by each Borrowing Subsidiary. The obligation of each Lender to make Loans to any Borrowing Subsidiary is subject to the satisfaction (or waiver in accordance with Section 10.02) of the following
conditions: 
 (a) The Administrative Agent (or its counsel) shall have received such Borrowing Subsidiary’s Borrowing
Subsidiary Agreement, duly executed by all parties thereto. 
 (b) The Administrative Agent shall have received (i) a
certificate of the secretary or assistant secretary of such Borrowing Subsidiary containing (A) copies of the certificate of incorporation and by-laws or other organizational documents of such Borrowing Subsidiary, certified to be complete and
correct copies thereof; (B) a copy of the resolutions authorizing the Transactions insofar as they relate to such Borrowing Subsidiary, certified to be complete, correct and in full force and effect; 

  

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(C) certification as to the incumbency and signatures of the officers signing the applicable Borrowing Subsidiary Agreement; and (D) evidence of
the incumbency of such secretary or assistant secretary; (ii) evidence of the existence and good standing (to the extent such concept is relevant to such Borrowing Subsidiary in its jurisdiction of organization) of such Borrowing Subsidiary;
and (iii) to the extent requested by the Administrative Agent, opinions of counsel, all in form and substance reasonably satisfactory to the Administrative Agent and its counsel. 
 ARTICLE V 
 Affirmative 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,
and all Letters of Credit have been canceled or have expired and all amounts drawn thereunder have been reimbursed in full, the Company and each Borrowing Subsidiary covenants and agrees with the Lenders (but, in the case of each Borrowing
Subsidiary, only as to such Borrowing Subsidiary and its own subsidiaries), that: 
 SECTION 5.01. Corporate Existence. The Company and
each Borrowing Subsidiary will, and will cause each other Material Subsidiary to, preserve and maintain its corporate existence, subject to the provisions of Section 6.03. 
 SECTION 5.02. Maintenance of Properties. The Company will, and will cause each Subsidiary to, maintain, preserve and keep its Properties necessary
to the proper conduct of its business in reasonably good repair, working order and condition (ordinary wear and tear and damage by casualty excepted) and will from time to time make all necessary repairs, renewals, replacements, additions and
betterments thereto so that at all times such Property shall be reasonably preserved and maintained, except, in each case, to the extent that the failure to do so could not reasonably be expected to result in a Material Adverse Effect;
provided, however, that nothing in this Section 5.02 shall prevent the Company or a Subsidiary from discontinuing the operation or maintenance of any such Property if such discontinuance is, in the judgment of the Company,
desirable in the conduct of its business or the business of the Subsidiary. 
 SECTION 5.03. Taxes. The Company will duly pay and
discharge, and will cause each Subsidiary to pay and discharge, all material taxes, rates, assessments, fees and governmental charges upon or against the Company or such Subsidiary or against their respective Property, in each case before the same
become delinquent and before penalties accrue thereon, unless and to the extent that the same are being contested in good faith and by appropriate proceedings and adequate reserves under GAAP are provided therefor. 
 SECTION 5.04. Insurance. The Company will insure, and keep insured, and will cause each Subsidiary to insure, and keep insured, with reputable
insurance companies, such of its insurable Property as is of a character usually insured by companies similarly 

  

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situated and operating like Property to the extent insurance is available on commercially reasonable terms. To the extent usually insured (subject to
self-insured retentions) by companies similarly situated and conducting similar businesses, and to the extent insurance is available on commercially reasonable terms, the Company will also insure, and cause each Subsidiary to insure, employers’
and public and product liability risks with reputable insurance companies. 
 SECTION 5.05. Financial Reports and Other Information.
The Company will, and will cause each Subsidiary to, maintain a standard system of accounting substantially in accordance with GAAP and will furnish to the Lenders and their respective duly authorized representatives such information respecting the
business and financial condition of the Company and the Subsidiaries as they may reasonably request; and without any request will furnish to the Administrative Agent, which will make available by means of electronic posting to each Lender:

 (a) within 15 days of each date the Company is required to file a report on Form 10-K for any fiscal year with the
SEC, 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,
all reported on by Ernst & 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 Company and its consolidated Subsidiaries on a consolidated basis in accordance
with GAAP consistently applied; 
 (b) within 15 days of each date the Company is required to file a report on Form 10-Q
for any fiscal quarter with the Securities and Exchange Commission, its consolidated balance sheet and related statements of operations, stockholders’ equity and cash flows as of the end of and for such fiscal quarter and the then elapsed
portion of the fiscal year, setting forth in each case in comparative form the figures for the corresponding period or periods of (or, in the case of the balance sheet, as of the end of) the previous fiscal year, all certified by one of its
Financial Officers as presenting fairly in all material respects the financial condition and results of operations of the Company 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; 
 (c) concurrently with any delivery of financial statements
under clause (a) or (b) above, a certificate of a Financial Officer of the Company (i) certifying as to whether a Default has occurred since the date of the most recent certificate delivered under this paragraph 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 6.05 and 6.06 and setting forth in
reasonable detail computations of the ratio of Consolidated Net Indebtedness to Consolidated EBITDA, the ratio 

  

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of Consolidated EBITDA to Consolidated Net Interest Expense and Consolidated Net Tangible Assets 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; 
 (d) promptly after the same become publicly available, copies of all periodic and other reports (including all
reports on Form 10-K, Form 10-Q and Form 8-K), proxy statements and other materials filed by the Company or any Subsidiary with the SEC, or any Governmental Authority succeeding to any or all of the functions of said Commission, or with any national
securities exchange, or distributed by the Company to its shareholders generally, as the case may be; 
 (e) promptly
following any request therefor, such other information regarding the operations, business affairs and financial condition of the Company or any Subsidiary, or compliance with the terms of this Agreement, as the Administrative Agent or any Lender
acting through the Administrative Agent may reasonably request; 
 (f) prompt written notice (including a description in
reasonable detail) of (i) the occurrence of any Default; (ii) the filing or commencement of any action, suit or proceeding by or before any arbitrator or Governmental Authority against the Company, any Subsidiary or any Affiliate thereof
that could reasonably be expected to result in a Material Adverse Effect; (iii) the occurrence of any “prohibited transaction” (as defined in ERISA) that would reasonably be expected to result in a Material Adverse Effect and
(iv) any other development that results in, or would reasonably be expected to result in, a Material Adverse Effect. Each notice delivered under this paragraph shall be accompanied by a statement of a Financial Officer or other executive
officer of the Company setting forth a summary in reasonable detail of the event or development requiring such notice and any action taken or proposed to be taken with respect thereto; 
 (g) within four Business Days after the Company or any Subsidiary receives notice of any judgment of any Governmental Authority rendered
in connection with the EC Matter (an “EC Judgment”), written notice thereof, including detailed information relating to such EC Judgment and the payment requirements related thereto; and 
 (h) on the third Business Day prior to any EC Payment Date, a certificate demonstrating compliance with Section 6.07 as of the
related Liquidity Determination Date, including detailed information regarding each component of Consolidated Liquidity and Unrestricted Cash and Cash Equivalents. 
 Information required to be delivered pursuant to the clauses above shall be deemed to have been delivered if such information, or one or more annual or quarterly reports containing such information, shall have been posted on the
Company’s website on the Internet at 

  

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http://www.wabco-auto.com (or such other address as the Company shall provide to the Lenders) or by the Administrative Agent on an IntraLinks or similar site
to which the Lenders have been granted access or shall be available on the website of the Securities and Exchange Commission at http://www.sec.gov (and a confirming electronic correspondence shall have been delivered or caused to be delivered to the
Administrative Agent and each Lender providing notice of such posting or availability). 
 Each of the financial statements furnished to the
Lenders pursuant to subsections (a) and (b) of this Section 5.05 shall be accompanied by a compliance certificate in substantially the form of Exhibit E signed by a Financial Officer of the Company. 
 SECTION 5.06. Books and Records; Inspection Rights. The Company will, and will cause each of its Subsidiaries to, permit any representatives
designated by the Administrative Agent or any Lender, upon reasonable prior notice, to visit and inspect its properties, to examine and make extracts from its books and records, and to discuss its affairs, finances and condition with its officers
and independent accountants, all on reasonable terms and conditions and during normal business hours. 
 SECTION 5.07. Compliance with
Laws. The Company will, and will cause each of its Subsidiaries to, comply with all laws, rules, regulations and orders of each Governmental Authority applicable to it or its property, including all Environmental Laws, except where the failure
to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 
 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 Company and each Borrowing Subsidiary covenants and agrees with the Lenders (but, in the case of each
Borrowing Subsidiary, only as to such Borrowing Subsidiary and its own subsidiaries), that none of the Company or any Subsidiary will: 
 SECTION 6.01. Liens. Directly or indirectly create, incur, assume or permit to exist any Lien securing Indebtedness upon or with respect to any of its property or assets, whether now owned or hereafter acquired, except: 

(a) Permitted Encumbrances; 
 (b) Liens created under this Agreement; 
 (c) Liens existing on the date hereof and set forth
on Schedule 6.01 and any replacements thereof; provided that (i) no such Lien shall apply to any other property or assets of the Company or any Subsidiary other than improvements and accessions to the subject assets and proceeds thereof
and (ii) no such Lien shall secure obligations other than those which it secured on the date hereof and permitted extensions, renewals and replacements thereof; 
  

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 (d) Liens on assets existing at the time such assets are acquired by the Company or a
Subsidiary and any replacements thereof; provided that (i) no such Lien is created in contemplation of or in connection with such acquisition, (ii) no such Lien shall apply to any other property or assets of the Company or any
Subsidiary other than improvements and accessions to the subject assets and proceeds thereof and (iii) no such Lien shall secure obligations other than those which it secures on the date of such acquisition and permitted extensions, renewals
and replacements thereof; 
 (e) Liens on assets of any Person at the time such Person becomes a Subsidiary and any
replacements thereof; provided that (i) no such Lien is created in contemplation of or in connection with such Person becoming a Subsidiary, (ii) no such Lien shall apply to any other property or assets of the Company or any
Subsidiary other than improvements and accessions to the subject assets and proceeds thereof and (iii) no such Lien shall secure obligations other than those which it secures on the date such Person becomes a Subsidiary and permitted
extensions, renewals and replacements thereof; 
 (f) Liens securing Indebtedness incurred to finance the purchase, of
property, plant or equipment acquired after the date hereof to the extent such Liens attach only to such property, plant or equipment and improvements and accretions thereto and are created at the time of or within 180 days after the acquisition of
such property, plant, equipment, improvements or accretions, as the case may be, and any replacements thereof; provided that no such Lien shall apply to any other property or assets of the Company or any Subsidiary other than
improvements and accessions to the subject property or assets and proceeds thereof; 
 (g) customary Liens arising from or
created in connection with the issuance of trade letters of credit for the account of the Company or any Subsidiary supporting obligations not constituting Indebtedness; provided that such Liens encumber only the raw materials, inventory,
machinery or equipment in connection with the purchase of which such letters of credit are issued; 
 (h) Liens on assets
associated with sales offices purchased from third parties by the Company or the Subsidiaries and securing Indebtedness of the Company or the Subsidiaries issued as consideration for such purchases; 
 (i) Liens on assets of Subsidiaries securing obligations owed to the Company or one or more Subsidiaries (other than Liens existing or
deemed to exist in connection with Securitization Transactions); provided that no such Lien shall be created in favor of any person other than the Company or a Subsidiary; 
  

 44 

 (j) to the extent such transactions are not structured as true sales of accounts
receivable, Liens existing or deemed to exist in connection with Securitization Transactions in an aggregate amount not greater at any time than US$150,000,000; 
 (k) to the extent such transactions are not structured as true sales of accounts receivable, Liens existing or deemed to exist in
connection with Securitization Transactions in an aggregate amount greater than US$150,000,000; provided, that, to the extent such Liens are not permitted under paragraph (l) below, at the time of any such creation or deemed creation of
a Lien, the Commitments shall be reduced pursuant to Section 2.09(b), and any outstanding Loans shall be prepaid pursuant to Section 2.11(a), in an amount equal to such excess; 
 (l) Liens securing or deemed to exist in connection with Indebtedness in an aggregate principal amount that, taken together with the
aggregate Subsidiary Indebtedness permitted under Section 6.02(i), without duplication, does not exceed the greater of (A) US$150,000,000 and (B) 15% of Consolidated Net Tangible Assets as of the end of the most recent fiscal quarter
for which financial statements have been delivered pursuant to Section 5.05(a) or (b); and 
 (m) Liens securing
judgments entered against the Company or the Subsidiaries so long as such judgments have not resulted in Events of Default under paragraph (i) of Article VII. 
 SECTION 6.02. Subsidiary Indebtedness. Permit any Subsidiary to Incur any Indebtedness or to issue any preferred stock or other preferred equity securities except: 
 (a) the Obligations and the Obligations (as defined in the Five-Year Agreement) under the Five-Year Agreement; 
 (b) Indebtedness existing on the date hereof and set forth on Schedule 6.02 and extensions, renewals and replacements of any such
Indebtedness that do not increase the outstanding principal amount thereof or result in an earlier maturity date or decreased weighted average life thereof; 
 (c) Indebtedness, preferred stock or preferred equity securities of Subsidiaries existing at the time they become Subsidiaries and not
incurred in contemplation of their becoming Subsidiaries; 
 (d) Indebtedness (or preferred stock or preferred equity
securities) representing the purchase price, or incurred to finance the purchase, of property, plant or equipment acquired after the date hereof or secured by a Lien on any such property, plant or equipment prior to the acquisition thereof to the
extent such Lien attaches only to such property, plant or equipment and improvements and accretions thereto; 
  

 45 

 (e) Indebtedness owed to the Company or one or more other Subsidiaries (or preferred
stock or preferred equity securities; provided that such preferred stock or preferred equity securities are owned by the Company or one or more Subsidiaries); provided that no Lien on any such Indebtedness (or preferred stock or
preferred equity securities) shall be created in favor of any Person other than the Company or a Subsidiary; 
 (f)
Indebtedness deemed to exist as a result of Securitization Transactions permitted under clauses (j) and (k) of Section 6.01; 
 (g) Indebtedness in connection with overdrafts, in the ordinary course of business, under Cash Pooling Arrangements; 
 (h) Indebtedness, preferred stock or other preferred equity securities of any Non-US Subsidiary, including any extensions, renewals and replacements of any such Indebtedness that do not result in an earlier maturity
date or decreased weighted average life thereof, in an aggregate amount not to exceed US$150,000,000 at any time outstanding; and 
 (i) other Indebtedness that, taken together with the aggregate Indebtedness secured by Liens permitted under Section 6.01(l), without duplication, does not exceed the greater of US$150,000,000 and (B) 15% of Consolidated Net
Tangible Assets as of the end of the most recent fiscal quarter for which financial statements have been delivered pursuant to Section 5.05(a) or (b). 
 SECTION 6.03. Fundamental Changes. (a) In the case of the Company or any Material Subsidiary, merge with or into or consolidate with any other Person, or liquidate or dissolve, or sell, transfer, lease or
otherwise dispose of (in one transaction or in a series of related transactions) all or substantially all of the consolidated assets of the Company and the Subsidiaries (whether now owned or hereafter acquired and whether directly or through any
merger or consolidation of, or any issuance, sale, transfer, lease or other disposition of equity interests in, any Subsidiary) except 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 Company in a transaction in which the Company is the surviving corporation, (ii) any Person (other than the Company) may merge into any Subsidiary in a transaction in which the surviving entity
is a Subsidiary, (iii) the Company may merge into any Subsidiary in a transaction in which the surviving entity assumes the Obligations of the Company under the Credit Agreement, (iv) any Subsidiary (other than the Company) may liquidate
or dissolve if the Company determines in good faith that such liquidation or dissolution is in the best interests of the Company and the Subsidiaries and is not materially disadvantageous to the Lenders and (v) any sale of assets (or stock of a
Subsidiary) permitted hereunder may be effected through the merger or consolidation of one or more Material Subsidiaries (other than the Company or any Borrowing Subsidiary) in a transaction in which the surviving person is not a Subsidiary.

  

 46 

 (b) Sell, transfer, lease or otherwise dispose of (in one transaction or in a series of
related transactions) to any Person other than the Company or a Subsidiary, assets (other than assets sold pursuant to any Securitization Transaction) with an aggregate fair market value during any fiscal year greater than 25% of the Consolidated
Total Assets of the Company at the end of the immediately preceding fiscal year. 
 (c) Alter in a fundamental manner the
character of the business of the Company and its Subsidiaries taken as a whole from that conducted immediately prior to the date hereof (it being understood that the entry into other industrial businesses or businesses reasonably related, similar or
ancillary to any of the businesses conducted by the Company or its Subsidiaries as of the date hereof shall not be considered a fundamental alteration). 
 SECTION 6.04. Use of Proceeds. Use the proceeds of the Loans for any purpose other than the purposes set forth in the preamble to this Agreement, or use any part of the proceeds of any Loan, whether directly or
indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations U and X. Permit more than 25% of the value of the assets of the Company and the Subsidiaries which are subject to any arrangement
hereunder restricting the ability of the Company or such Subsidiary to sell, pledge or otherwise dispose of assets to consist of Margin Stock. 
 SECTION 6.05. Ratio of Consolidated Net Indebtedness to Consolidated EBITDA. Permit the ratio of (i) Consolidated Net Indebtedness of the Company on the last day of any fiscal quarter to (ii) Consolidated EBITDA of the
Company for the period of four consecutive fiscal quarters ending on such day to exceed 3.00 to 1.00. 
 SECTION 6.06. Ratio of
Consolidated EBITDA to Consolidated Net Interest Expense. Permit the ratio of (i) Consolidated EBITDA of the Company to (ii) Consolidated Net Interest Expense of the Company, in each case for any period of four consecutive fiscal
quarters, to be less than 3.00 to 1.00. 
 SECTION 6.07. Liquidity. On any Liquidity Determination Date, permit Consolidated Liquidity
(reduced by the amount of the maximum payment required in connection with the applicable EC Judgment) to be less than US$100,000,000. 
 ARTICLE VII 
 Events of Default 
 Events of Default. If any of the following events (“Events of Default”) shall occur: 
 (a) (i) any Borrower shall default in the payment when due of any principal on any Loan, whether at the stated maturity thereof or at any other time provided in this Agreement, or (ii) any Borrower shall
default for a period of three days in the payment when due of interest on any Loan or of any other sum required to be paid pursuant to this Agreement; 
  

 47 

 (b) The Company or any other Borrower shall default in the observance or performance of
any of the covenants set forth in Section 2.11(b), Section 5.01 (with respect to the Company’s existence) or 5.05(i) or in Article VI; 
 (c) any Borrower shall default in the observance or performance of any provision hereof or of any other Credit Document not mentioned in (a) or (b) above, which default is not remedied within 30 days (or 60
days if (x) such default is capable of being cured, (y) a cure of such default will require more than 30 days and (z) the applicable Borrower is proceeding to effect a cure of such default) after notice thereof to the Company by the
Administrative Agent or any Lender; 
 (d) any representation or warranty made (or deemed made) herein or in any other Credit
Document by any Credit Party, or in any statement or certificate furnished by any Credit Party pursuant hereto or in connection with any Borrowing, proves untrue in any material respect as of the date of the making (or deemed making) thereof;

 (e) The Company or any Subsidiary shall default in the payment when due, after any applicable grace period, of any Material
Indebtedness (other than Material Indebtedness owed to the Company or a Subsidiary); or there shall occur any default or other event under any indenture, agreement or other instrument under which any Material Indebtedness is outstanding and such
default or event shall result in the acceleration of the maturity or the required redemption or repurchase of such Material Indebtedness (or, in the case of any such Material Indebtedness under any Hedging Agreement, the early termination of or any
required payment under such Hedging Agreement); 
 (f) any “reportable event” (as defined in ERISA) that
constitutes grounds for the termination of any Plan by the PBGC, or for the appointment by an appropriate court of a trustee to administer or liquidate any Plan, or that could reasonably be expected to result in a Material Adverse Effect, shall have
occurred and shall be continuing 30 days after written notice to such effect shall have been given to the Company by the Administrative Agent; or any Plan shall be terminated by the PBGC; or a trustee shall be appointed to administer any Plan; or
the PBGC shall institute proceedings to administer or terminate any Plan; and in the case of any such event the aggregate amount of unfunded liabilities payable by the Company and the Subsidiaries under any affected Plan shall exceed (either singly
or in the aggregate in the case of any such liability arising under more than one Plan) US$75,000,000; or the Company or any of its Subsidiaries or any member of the Controlled Group of any of them shall withdraw (completely or partially) from any
“multiemployer plan” (as defined in Section 4001(a)(3) of ERISA) and the aggregate amount of the liability of the Company and its Subsidiaries to such plan under Title IV of ERISA shall exceed (either singly or in the
aggregate in the case of any such liability arising under more than one such plan) US$75,000,000; 
  

 48 

 (g) an involuntary proceeding shall be commenced or an involuntary petition shall be
filed seeking (i) liquidation, reorganization or other relief in respect of the Company or any Material 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, conservator or similar official for the Company or any Material 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; 
 (h) The Company or any Material 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 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 (g) of this Article, (iii) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for the Company or any Material 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, or (v) make a general assignment for the benefit of creditors; 
 (i) one or more judgments for the payment of money in an aggregate amount in excess of US$75,000,000 (except to the extent covered by
insurance as to which the insurer has acknowledged such coverage in writing) shall be rendered against the Company, any Material Subsidiary or any combination thereof and the same shall remain undischarged for a period of 60 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 Company or any Material Subsidiary to enforce any such judgment; 
 (j) The Company shall fail to observe or perform any covenant, condition or agreement contained in Article IX, or the guarantee of
the Company hereunder shall not be (or shall be claimed by the Company not to be) valid or in full force and effect; or 
 (k)
a Change in Control shall occur; 
 then, and in every such event (other than an event with respect to the Company described in clause (g) or
(h) of this Section), and at any time thereafter during the continuance of such event, the Administrative Agent may, and at the request of the Required Lenders shall, by notice to Borrower Agent, 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 

  

 49 

 
and all fees and other obligations of the Company 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 Company and the Borrowers; and in case of any event with respect to the Company described in clause (g) or (h) of this Section, 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 Borrowers 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 Company and each other Borrower. 
 ARTICLE VIII 
 The Agents 
 In order to expedite the
transactions contemplated by this Agreement, ABNAMRO is hereby appointed to act as Administrative Agent, on behalf of the Lenders. Each of the Lenders hereby irrevocably authorizes the Administrative Agent to take such actions on its behalf and to
exercise such powers as are delegated to the Administrative Agent by the terms of the Credit Documents, together with such actions and powers as are reasonably incidental thereto. 
 Any Lender serving as Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may
exercise the same as though it were not the Administrative Agent, and such Lender and its Affiliates may accept deposits from, lend money to and generally engage in any kind of business with any Credit Party or any Affiliate thereof as if it were
not the Administrative Agent hereunder. 
 The Administrative Agent shall not have any duties or obligations except those expressly set forth
in the Credit Documents. Without limiting the generality of the foregoing, (a) the Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing, (b) the
Administrative Agent shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated by the Credit Documents that the Administrative Agent is required to
exercise in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 10.02), and (c) except as expressly set forth in the Credit Documents, the
Administrative Agent shall not have any duty to disclose, or be liable for the failure to disclose, any information relating to the Company or any Subsidiary that is communicated to or obtained by the bank serving as Administrative Agent or any of
its Affiliates in any capacity. The Administrative Agent shall not be liable for any action taken or not taken by it with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary
under the circumstances as provided in Section 10.02) or in the absence of its own gross negligence or wilful misconduct. The Administrative Agent shall not be deemed to have knowledge of any Default unless and until written notice thereof is
given to the Administrative Agent by the Borrower Agent, a Borrower or a Lender, and the Administrative Agent shall not be 

  

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responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with any Credit
Document, (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 in any
Credit Document, (iv) the validity, enforceability, effectiveness or genuineness of any Credit Document or any other agreement, instrument or document, or (v) the satisfaction of any condition set forth in Article IV or elsewhere in
any Credit Document, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent. 
 The
Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing believed by it in good faith to be genuine and to
have been signed or sent by the proper Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it in good faith to be made by the proper Person, and shall not incur any liability for
relying thereon. The Administrative Agent may consult with legal counsel (who may be counsel for any Credit Party), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in
accordance with the advice of any such counsel, accountants or experts. 
 The Administrative Agent may perform any and all its duties and
exercise its rights and powers by or through any one or more sub-agents appointed by it. The Administrative Agent and any such sub-agent may perform any and all its duties and exercise its rights and powers through their respective Related Parties.
The exculpatory provisions of the preceding paragraphs and the provisions of Section 10.03 shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective
activities in connection with the syndication of the credit facilities provided for herein as well as activities as Administrative Agent. 
 Subject to the appointment and acceptance of a successor Administrative Agent as provided in this paragraph, the Administrative Agent may resign at any time by notifying the Lenders and the Company. Upon any such resignation, the
Administrative Agent, or, if the Administrative Agent shall have resigned, the Required Lenders, shall have the right (in consultation with, and with the consent of (unless an Event of Default has occurred and is continuing pursuant to clause
(g) or (h) of Section 7.01), the Company, which shall not be unreasonably withheld) to appoint a successor. If no successor shall have been so appointed and shall have accepted such appointment within 30 days after the retiring
Administrative Agent gives notice of its resignation, then the retiring Administrative Agent may (in consultation with, and with the consent of (unless an Event of Default has occurred and is continuing pursuant to clause (g) or (h) of
Section 7.01), the Company, which shall not unreasonably withhold such consent and which shall, if the retiring Administrative Agent shall so request, designate and approve a successor Administrative Agent) on behalf of the Lenders, appoint a
successor Administrative Agent which shall be a bank with an office in New York, New York, or an Affiliate of any such bank. Upon the acceptance of its appointment as Administrative Agent hereunder by a successor, such successor shall
succeed to and become vested with all the rights, powers, privileges and duties of the retiring Administrative Agent, and the 

  

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retiring Administrative Agent shall be discharged from its duties and obligations hereunder. After an Administrative Agent’s resignation hereunder, the
provisions of this Article and Section 10.03 shall continue in effect for the benefit of such retiring Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of
them while it was acting as Administrative Agent. 
 Each Lender acknowledges that it has, independently and without reliance upon the
Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and
without reliance upon the Administrative Agent 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, any other Credit Document, any related agreement or any document furnished hereunder or thereunder. 
 ARTICLE IX 
 Guarantee 
 In order to induce the
Lenders to extend credit to the Borrowers hereunder, the Company hereby irrevocably and unconditionally guarantees, as a primary obligor and not merely as a surety, the Obligations. The Company further agrees that the due and punctual payment of the
Obligations may be extended or renewed, in whole or in part, without notice to or further assent from it, and that it will remain bound upon its guarantee hereunder notwithstanding any such extension or renewal of any Obligation. 
 The Company waives presentment to, demand of payment from and protest to any Borrower of any of the Obligations, and also waives notice of acceptance of
its obligations and notice of protest for nonpayment. The obligations of each of the Company hereunder shall not be affected by (a) the failure of any Lender to assert any claim or demand or to enforce any right or remedy against any Borrower
under the provisions of this Agreement or any other Credit Document or otherwise; (b) any extension or renewal of any of the Obligations; (c) any rescission, waiver, amendment or modification of, or release from, any of the terms or
provisions of this Agreement or any other Credit Document; (d) the failure or delay of any Lender to exercise any right or remedy against any other guarantor of the Obligations; (e) the failure of any Lender to assert any claim or demand
or to enforce any remedy under any Credit Document or any other agreement or instrument; (f) any default, failure or delay, wilful or otherwise, in the performance of the Obligations; or (g) any other act, omission or delay to do any other
act which may or might in any manner or to any extent vary the risk of the Company or otherwise operate as a discharge of the Company as a matter of law or equity or which would impair or eliminate any right of the Company to subrogation.

  

 52 

 The Company further agrees that its guarantee hereunder constitutes a promise of payment when due
(whether or not any bankruptcy or similar proceeding shall have stayed the accrual or collection of any of the Obligations or operated as a discharge thereof) and not merely of collection, and waives any right to require that any resort be had by
any Lender or the Administrative Agent to any balance of any deposit account or credit on the books of any Lender or the Administrative Agent in favor of the Company, any Borrower or Subsidiary or any other Person. 
 The obligations of the Company hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason, and shall not be
subject to any defense or setoff, counterclaim, recoupment or termination whatsoever, by reason of the invalidity, illegality or unenforceability of the Obligations, any impossibility in the performance of the Obligations or otherwise. 

The Company further agrees that its obligations hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment,
or any part thereof, of any Obligation is rescinded or must otherwise be restored by any Lender upon the bankruptcy or reorganization of the Company or any Borrower or otherwise. 
 In furtherance of the foregoing and not in limitation of any other right which any Lender or the Administrative Agent may have at law or in equity
against the Company by virtue hereof, upon the failure of any Borrower to pay any Obligation when and as the same shall become due, whether at maturity, by acceleration, after notice of prepayment or otherwise, the Company hereby promises to and
will, upon receipt of written demand by the Administrative Agent, forthwith pay, or cause to be paid, to the Administrative Agent, for distribution to the Lenders or the Administrative Agent, as appropriate, in cash an amount equal the unpaid
principal amount of such Obligation. The Company further agrees that if payment in respect of any Obligation shall be due in a currency other than US Dollars and/or at a place of payment other than New York and if, by reason of any legal
prohibition, disruption of currency or foreign exchange markets, war or civil disturbance or other event, payment of such Obligation in such currency or at such place of payment shall be impossible or, in the reasonable judgment of any Lender or the
Administrative Agent, not consistent with the protection of its rights or interests, then, at the election of such Lender or the Administrative Agent, the Company shall make payment of such Obligation in US Dollars (based upon the applicable
Exchange Rate in effect on the date of payment) and/or in New York, and shall indemnify such Lender or the Administrative Agent against any losses or expenses (including losses or expenses resulting from fluctuations in exchange rates) that it
shall sustain as a result of such alternative payment. 
 Upon payment in full by the Company of any Obligation of any Borrower, each Lender
shall, in a reasonable manner, assign to the Company the amount of such Obligation owed to such Lender and so paid, such assignment to be pro tanto to the extent to which the Obligation in question was discharged by the Company or make such
disposition thereof as the Company shall direct (all without recourse to any Lender and without any representation or warranty by any Lender). Upon payment by the Company of any sums as provided above, all rights of the Company against any Borrower
arising as a result thereof by way of right of subrogation or 

  

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otherwise shall in all respects be subordinated and junior in right of payment to the prior indefeasible payment in full of all the Obligations owed by such
Borrower to the Lenders (it being understood that, after the discharge of all the Obligations due and payable from such Borrower, such rights may be exercised by the Company notwithstanding that such Borrower may remain contingently liable for
indemnity or other Obligations). 
 ARTICLE X 
 Miscellaneous 
 SECTION 10.01. Notices. Except in the case of notices and other communications
expressly permitted to be given by telephone, 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: 
 (a) if to the Company, to it at Chaussée de Wavre 1789, B-1160 Brussels, Belgium, Attn. Malcolm Gilbert,
Treasurer, (Telecopy No. 011-32-2663-9899; 
 (b) if to any Borrower, to it in care of the Company as provided in
paragraph (a) above; 
 (c) if to the Administrative Agent, to Tom Van de Vyver (Telephone No. 011-32-2-54-60-259)
and Boris Zivkovic (Telephone No. 011-32-2-54-60-295), Kanselarijstraat 17A, 1000 Brussels, Belgium (in each case, Telecopy No. 011-32-2-54-60-402; 
 (d) if to any other Lender, to it at its address (or telecopy number) set forth in its Administrative Questionnaire. 
 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 10.02. Waivers; Amendments. (a) No failure or delay by the Administrative Agent or any Lender in exercising any right or power hereunder or under any other Credit Document shall operate as a waiver
thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power.
The rights and remedies of the Administrative Agent and the Lenders hereunder and under any other Credit Documents are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of any
Credit Document or consent to any departure by any 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, 

  

 54 

 
the making of a Loan shall not be construed as a waiver of any Default, regardless of whether the Administrative Agent or any Lender may have had notice or
knowledge of such Default at the time. 
 (b) Neither this Agreement nor any other Credit Document nor any provision hereof or
thereof may be waived, amended or modified except pursuant to an agreement or agreements in writing entered into by the Company and the Required Lenders or by the Company and the Administrative Agent with the consent of the Required Lenders and, in
the case of any other Credit Document, each applicable Borrower (or the Borrower Agent on behalf of such Borrower); provided that no such agreement shall (i) increase the Commitment of any Lender without the written consent of such
Lender, (ii) reduce the principal amount of any Loan or reduce the rate of interest thereon, or reduce any fees payable to any Lender hereunder, without the written consent of each Lender 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 affected thereby, (iv) change Section 2.18(b) or (c) in a manner that would alter the pro rata sharing of payments required thereby, without the written consent of each Lender affected thereby, (v) change
Section 2.09(c) or (d) in a manner that would alter the pro rata reduction of the Commitments required thereby, without the written consent of each Lender affected thereby, (vi) change any of the provisions of this Section or the
definition of “Required Lenders” or any other provision of any Credit Document 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 written consent of each Lender or (vii) release the Company from its obligations under Article IX, in each case without the written consent of each Lender; provided further that no such agreement shall amend, modify or
otherwise affect the rights or duties of the Administrative Agent hereunder without the prior written consent of the Administrative Agent. Notwithstanding the foregoing, any provision of this Agreement may be amended by an agreement in writing
entered into by the Company, the Required Lenders and the Administrative Agent if (A) by the terms of such agreement the Commitment of each Lender not consenting to the amendment provided for therein shall terminate upon the effectiveness of
such amendment and (B) at the time such amendment becomes effective, each Lender not consenting thereto receives payment in full of the principal of and interest accrued on each Loan made by it and all other amounts owing to it or accrued for
its account under this Agreement. 
 (c) If, in connection with any proposed change, waiver, discharge or termination of or to
any of the provisions of this Agreement as contemplated by clauses (i) through (vii), inclusive, of the first proviso to Section 10.02(b), the consent of the Required Lenders is obtained but the consent of one or more of such other Lenders
whose consent is required is not obtained, then the Borrowers shall have the right, so long as all non-consenting Lenders whose individual consent is required are treated as described in either clause (i) or (ii) below, to either:

 (i) replace each such non-consenting Lender or Lenders with one or more assignees pursuant to, and with the effect of an
assignment under, Section 2.19 so long as at the time of such replacement, each such assignee consents to the proposed change, waiver, discharge or termination; or 
  

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 (ii) terminate such nonconsenting Lender’s Commitment (if such Lender’s consent
is required as a result of its Commitment) and/or repay each outstanding Loan of such Lender that gave rise to the need to obtain such Lender’s consent, and pay all accrued interest, fees and other amounts through the date of such termination
and/or repayment; provided that, unless the Commitments that are terminated and Loans that are repaid are immediately replaced in full at such time through the addition of new Lenders or the increase of the Commitments and/or outstanding Loans of
existing Lenders (who in each case must specifically consent thereto), then the Required Lenders (determined after giving effect to the proposed action) shall specifically consent thereto. 
 Any such replacement or termination transaction described above shall be effective on the date notice is given of the relevant transaction and shall have a settlement
date no earlier than five Business Days and no later than 90 days after the relevant transaction. Notwithstanding the foregoing, with respect to the Lender that is acting as the Administrative Agent, the Borrower shall not have the right to replace
such Lender, terminate its Commitment or repay its Loans pursuant to this paragraph as a result of such Lender’s refusal to consent to any waiver, amendment or modification that would affect its rights and duties in its capacity as
Administrative Agent. 
 SECTION 10.03. Expenses; Indemnity; Damage Waiver. (a) The Borrowers shall pay (i) all reasonable
and documented out-of-pocket expenses incurred by the Administrative Agent and its Affiliates, including the reasonable fees, charges and disbursements of Cravath, Swaine & Moore LLP, counsel for the Administrative Agent, in connection with
the preparation and administration of the Credit Documents or any amendments, modifications or waivers of the provisions hereof (whether or not the transactions contemplated hereby or thereby shall be consummated), and (ii) all reasonable
out-of-pocket expenses incurred by the Administrative Agent or any Lender, including the fees, charges and disbursements of Cravath, Swaine & Moore LLP, counsel for the Administrative Agent, and, if an Event of Default shall have occurred
or shall be reasonably anticipated by the Administrative Agent, other counsel for the Administrative Agent or any Lender, in connection with the enforcement or protection of the rights of the Administrative Agent or Lender in connection with the
Credit Documents, including its rights under this Section, including all such reasonable out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans. 
 (b) The Borrowers shall indemnify the Administrative Agent and each Lender, and each Related Party of any of the foregoing Persons (each
such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (other than Excluded Taxes), including the reasonable and documented
fees, charges and disbursements of 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 any Credit Document or any agreement or 

  

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instrument contemplated thereby, the performance by the parties to the Credit Documents of their respective obligations thereunder 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 Company
or any of its Subsidiaries, or any Environmental Liability related in any way to the Company or any of the 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 regardless of whether such matter is instituted by a third party or a Credit Party); provided that such indemnity shall not, as to
any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses have resulted from the wilful misconduct or gross negligence of such Indemnitee or any of its directors, officers, employees or
agents. The Borrowers and each Indemnitee agree that (i) such Indemnitee will contest any claim in respect of which indemnification is sought under this paragraph if requested by the Borrower Agent, in a manner reasonably directed by the
Borrower Agent, with counsel selected by the Indemnitee and approved by the Borrower Agent, which approval shall not be unreasonably withheld or (ii) the Borrower Agent, upon the request of the Indemnitee, shall retain counsel reasonably
satisfactory to the Indemnitee to represent the Indemnitee in any proceeding with respect to any such claim and shall pay as incurred the reasonable fees and expenses of such counsel related to such proceeding. In any such proceeding with respect to
which the Indemnitee has requested the Borrower Agent to retain counsel, any Indemnitee shall have the right to retain its own counsel at its own expense, except that the Borrower Agent shall pay as they are incurred the reasonable fees and expenses
of counsel retained by the Indemnitee if (y) the Borrower and the Indemnitee agree to the retention of such counsel or (z) the named parties to any such proceeding (including any impleaded parties) include both the Borrower and the
Indemnitee and representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between them. Any Indemnitee that proposes to settle or compromise any indemnified claim for which the Borrowers
may be liable for payment of indemnity shall give the Borrower Agent written notice of the terms of such proposed settlement or compromise reasonably in advance of settling or compromising such claim or proceeding and shall obtain the Borrower
Agent’s prior written consent, which consent shall not be unreasonably withheld; provided that nothing in this sentence or the preceding sentence shall restrict the right of any person to settle or compromise any claim for which
indemnity would be otherwise available on any terms if such person waives its right to indemnity from the Borrowers in respect of such claim. The Borrower Agent will not, without the prior written consent of the applicable Indemnitee (which consent
shall not be unreasonably withheld), settle any proceeding with respect to which the Indemnitee has requested the Borrower Agent to retain counsel unless such settlement includes an express, complete and unconditional release of such Indemnitee with
respect to all claims asserted in such proceeding. 
  

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 (c) To the extent that the Borrowers fail to pay any amount required to be paid by them
to the Administrative Agent under paragraph (a) or (b) of this Section, each Lender severally agrees to pay to the Administrative 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 the Administrative
Agent in its capacity as such. 
 (d) To the extent permitted by applicable law, neither the Company nor any Borrower shall
assert, and each hereby waives, any claim against any Indemnitee 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 setting forth the amount and the nature of the expense or claim, as applicable. 
 (f) Notwithstanding the foregoing paragraphs, nothing in this Section shall require the Company or any other Borrower to indemnify the Administrative Agent or any Lender against or to reimburse the Administrative
Agent or any Lender for any cost or reduction in amounts received that shall result from the Changes in Law or other matters addressed in Section 2.15, 2.16 or 2.17 and that shall be expressly excluded from the amounts for which the Company and
the Borrowers are liable under such Sections. 
 SECTION 10.04. 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 no Borrower may assign or otherwise transfer any of its rights or obligations hereunder or under any
Borrowing Subsidiary Agreement (except as expressly provided herein) without the prior written consent of each Lender (and any attempted assignment or transfer by any Borrower without such consent shall be null and void). Nothing in this Agreement,
expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby and, to the extent expressly contemplated hereby, the Related Parties of each of the Agents
and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 
 (b) Any Lender may
assign to one or more assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it); provided that (i) except in the case of an
assignment to a Lender (or an Affiliate of a Lender that is sufficiently creditworthy that there would be no reasonable doubt as to its ability to perform its obligations hereunder), each of the Borrower Agent and the Administrative Agent must give
their prior written consent to such assignment (which consent shall not be unreasonably withheld or delayed), (ii) except in the case of an 

  

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assignment to a Lender or an Affiliate of a Lender or an assignment of the entire remaining amount of the assigning Lender’s Commitment, the amount of
the Commitment 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 Borrower Agent and the Administrative Agent otherwise consent, (iii) 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,
(iv) 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 (v) the assignee, if it shall not be a Lender, shall
deliver to the Administrative Agent an Administrative Questionnaire; and provided further that any consent of the Borrower Agent otherwise required under this paragraph shall not be required if an Event of Default under clause (g) or
(h) of Section 7.01 has occurred and is continuing. Subject to acceptance and recording thereof pursuant to paragraph (d) 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 2.15, 2.16, 2.17 and 10.03). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply
with this paragraph shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with paragraph (e) of this Section. 
 (c) The Administrative Agent, acting for this purpose as an agent of each Borrower, shall maintain at one of its offices in Brussels 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 owing to, each Lender pursuant to the terms hereof from
time to time (the “Register”). The entries in the Register shall be conclusive, and the Borrowers, the Agents and the Lenders may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender
hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by any Borrower, the Administrative Agent and any Lender, at any reasonable time and from time to time upon
reasonable prior notice. 
 (d) 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. No assignment shall be effective for purposes of this
Agreement unless it has been recorded in the Register as provided in this paragraph. 
  

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 (e) Any Lender may, without the consent of any Borrower or the Administrative Agent sell
participations to one or more banks or other entities (a “Participant”) 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 (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the
Borrowers, the Agents 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 the Credit Documents and to approve any amendment, modification or waiver of any provision of the Credit Documents; 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 10.02(b) that affects such Participant. Subject to paragraph
(f) of this Section, each Borrower agrees that each Participant shall be entitled to the benefits of and be subject to all the obligations of a Lender under Sections 2.15, 2.16 and 2.17 to the same extent as if it were a Lender and had
acquired its interest by assignment pursuant to paragraph (b) of this Section. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 10.08 as though it were a Lender, provided such Participant
agrees to be subject to Section 2.18(c) as though it were a Lender. 
 (f) A Participant shall not be entitled to receive
any greater payment under Section 2.15 or 2.17 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant. A Participant that would be a Foreign Lender if it were a Lender shall not
be entitled to the benefits of Section 2.17 unless the Borrower Agent is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrowers, to comply with Sections 2.17(e) as though it were a
Lender. The provisions of Section 2.19 shall apply to each Participant as though it were a Lender. 
 (g) Any Lender may
at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank, 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. 
 (h) Notwithstanding anything to the contrary contained herein, any Lender (a
“Granting Bank”) may grant to a special purpose funding vehicle (an “SPC”) of such Granting Bank, identified as such in writing from time to time by the Granting 

  

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Bank to the Administrative Agent and the Borrowers, the option to provide to the Borrowers all or any part of any Loan that such Granting Bank would
otherwise be obligated to make to the Borrowers pursuant to Section 2.01; provided that (i) nothing herein shall constitute a commitment to make any Loan by any SPC and (ii) if an SPC elects not to exercise such option or
otherwise fails to provide all or any part of such Loan, the Granting Bank shall be obligated to make such Loan pursuant to the terms hereof. The making of a Loan by an SPC hereunder shall be deemed to utilize the Commitment of the Granting Bank to
the same extent, and as if, such Loan were made by the Granting Bank. Each party hereto hereby agrees that no SPC shall be liable for any payment under this Agreement for which a Lender would otherwise be liable, for so long as, and to the extent,
the related Granting Bank makes such payment. In furtherance of the foregoing, each party hereto hereby agrees that, prior to the date that is one year and one day after the payment in full of all outstanding senior indebtedness of any SPC, it will
not institute against, or join any other person in instituting against, such SPC any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or similar proceedings under the laws of the United States or any State thereof. In
addition, notwithstanding anything to the contrary contained in this Section 10.04, any SPC may (i) with notice to, but without the prior written consent of, the Borrowers and the Administrative Agent and without paying any processing fee
therefor, assign all or a portion of its interests in any Loans to its Granting Bank or to any financial institutions (if consented to by the Borrowers and Administrative Agent) providing liquidity and/or credit facilities to or for the account of
such SPC to fund the Loans made by such SPC or to support the securities (if any) issued by such SPC to fund such Loans and (ii) disclose on a confidential basis any non-public information relating to its Loans (but not relating to any
Borrower, except with the Borrower Agent’s consent) to any rating agency, commercial paper dealer or provider of any surety, guarantee or credit or liquidity enhancement to such SPC (and subject to the agreement of any such provider of any
surety, guarantee or credit or liquidity enhancement to maintain the confidentiality of such information on substantially the terms set forth in Section 10.12). 
 SECTION 10.05. Survival. All covenants, agreements, representations and warranties made by the Credit Parties herein, in the other Credit Documents and in the certificates or other instruments delivered in
connection with or pursuant to this Agreement or any other Credit Document shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of the Credit Documents 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 unpaid and so long as the
Commitments have not expired or terminated. The provisions of Sections 2.15, 2.16, 2.17 and 10.03 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. 
  

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 SECTION 10.06. 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, the other Credit Documents and any
separate letter agreements with respect to fees payable to the Administrative Agent constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or
written, relating to the subject matter hereof. Except as provided in Section 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 shall be effective as delivery of a manually executed counterpart of this Agreement. 
 SECTION 10.07. Severability. Any provision of any Credit Document 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 of such Credit Document; and the invalidity of a particular provision in a particular jurisdiction shall not
invalidate such provision in any other jurisdiction. 
 SECTION 10.08. Right of Setoff. If an Event of Default shall have occurred and
be continuing, each Lender is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and
other obligations at any time owing by such Lender or Affiliate to or for the credit or the account of any Borrower (other than payroll accounts and trust accounts) against any of and all the obligations of the Borrowers 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. The rights of each Lender under this Section are in addition to and shall not limit other rights and remedies
(including other rights of setoff) which such Lender may have. 
 SECTION 10.09. 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) The Company and each Borrower hereby irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of the Supreme Court of the State of New York sitting in New York County and of the
United States District Court of the Southern District of New York, and any appellate court from any thereof, in any action or proceeding arising out of or relating to any Credit Document, or for recognition or enforcement of any judgment, and
each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State or, to the extent permitted by law, in such Federal court.
Each of the parties hereto 

  

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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. Nothing in this Agreement or any other Credit Document shall affect any right that any party to this Agreement may otherwise have to bring any action or proceeding relating to this Agreement or any other Credit
Document against any Borrower or its properties in the courts of any jurisdiction. 
 (c) Each party to this Agreement hereby
irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this
Agreement or any other Credit Document in any court referred to in paragraph (b) of this Section. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the
maintenance of such action or proceeding in any such court. 
 [(d) The Company hereby irrevocably designates, appoints and
empowers The Corporation Trust Company having its address at 1209 Orange Street, Wilmington, DE 19801, Attn.: Secretary, as its process agent to receive for and on its behalf service of process in any suit, action or proceeding arising out of or
relating to this Agreement or any other Credit Document.] 
 (e) Each party to this Agreement irrevocably consents to service
of process in the manner provided for notices in Section 10.01, and with respect to the Company, in paragraph (d) above. Nothing in this Agreement or any other Credit Document will affect the right of any party hereto or thereto to serve
process in any other manner permitted by law. 
 SECTION 10.10. 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, ANY OTHER CREDIT DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY
(WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS 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 10.11. Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference only, are not part
of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. 
  

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 SECTION 10.12. Confidentiality. The Administrative Agents and each of the Lenders agrees to
maintain, and to cause its directors, officers, employees and agents 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 on a need-to-know basis (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, subject to the delivery
of notice of such required disclosure to the Borrower Agent in order that the Company or the Borrowers may have the opportunity to contest such disclosure or to seek one or more protective orders with respect thereto, (d) to any other party to
this Agreement, (e) in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to this Agreement or any other Credit Document or the enforcement of rights hereunder, (f) subject to an agreement
containing provisions substantially the same as those of this Section, to any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement, (g) with the written consent
of any 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 a Borrower. For the purposes of this Section, “Information” means all information received from the Borrowers relating to the Borrowers or their business, other than any such information that is publicly
available or available to the Administrative Agent or any Lender on a nonconfidential basis prior to disclosure by a 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 a prudent Person engaged in the same business or following customary procedures for such business would
accord to its own confidential information. 
 SECTION 10.13. 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 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. 
  

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 SECTION 10.14. 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 (including any Borrowing Subsidiary) 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 each 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, such
Borrower agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Applicable Creditor against such loss. The obligations of the Borrowers contained in this Section 10.14 shall survive the termination of this
Agreement and the payment of all other amounts owing hereunder. 
 SECTION 10.15. Termination of Certain Covenants. Upon the
occurrence of a Covenant Termination Date, Sections 6.02 and 6.03(b) shall terminate and be of no further force and effect; provided that if at any time after the occurrence of a Covenant Termination Date, the Leverage Ratio shall exceed
1.50:1.00, such Sections shall be automatically reinstated on the first date of delivery to the Administrative Agent of the consolidated financial statements indicating that the Leverage Ratio exceeds 1.50:1.00. 
 SECTION 10.16. 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 Borrower that pursuant to the requirements of the Patriot Act, it is required to obtain, verify and record information that identifies the Borrowers, which information
includes the name and address of the Borrowers and other information that will allow such Lender to identify the Borrower in accordance with the Patriot Act. 
  

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 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. 
  

			
	WABCO HOLDINGS INC.,
		
	by	 	 /s/ Ulrich Michel

	Name:	 	Ulrich Michel
	Title:	 	Chief Financial Officer
	
	ABN AMRO N.V., individually, as Administrative Agent,
		
	by	 	 /s/ Donald Sutton

	Name:	 	Donald Sutton
	Title:	 	Managing Director
		
	by	 	 /s/ Suneel S. Gill

	Name:	 	Suneel S. Gill
	Title:	 	Assistant Vice President

  

 66 

 Wabco Holdings Inc. 
 364-Day Credit Agreement 
 Schedule 2.01: Commitments 
  

				
	 Lender
	  	Commitment
	 ABN AMRO Bank N.V.
	  	€	100,000,000
	 Total
	  	€	100,000,000

  

 67

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