Document:

EX-10.2

 Exhibit 10.2 

EXECUTION VERSION 

AMENDMENT AND RESTATEMENT AGREEMENT dated as of September 23, 2016 (this “Agreement”), to the Amended and
Restated Credit Agreement dated as of July 10, 2015 (as amended prior to the date hereof, the “Existing Credit Agreement”), among ANALOG DEVICES, INC., a Massachusetts corporation (the “Borrower”), the LENDERS from
time to time party thereto and BANK OF AMERICA, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer. 
 WHEREAS, the Borrower
has entered into an Agreement and Plan of Merger dated as of July 26, 2016 (as the same may be amended, supplemented or otherwise modified from time to time in accordance with the provisions hereof and thereof, the “Merger
Agreement”) with Tahoe Acquisition Corp., a Delaware corporation and wholly owned subsidiary of the Borrower (“Merger Sub”), and Linear Technology Corporation, a Delaware corporation (the “Company”),
pursuant to which, on the terms and conditions set forth therein, Merger Sub will merge with and into the Company (the “Merger”), with the Company surviving the Merger as a wholly owned subsidiary of the Borrower (the
“Acquisition”); 
 WHEREAS, in connection with the Acquisition and related transactions, the Borrower has requested that
the Existing Credit Agreement be amended (a) to increase the aggregate amount of the Commitments by $250,000,000 to an aggregate total amount of $1,000,000,000, with additional Commitments to be provided by the Persons whose names appear on
Schedule 1 hereto (the “Commitment Increase Participants”) and the Commitments of all Lenders, after giving effect to the Commitments to be provided by the Commitment Increase Participants, to be as set forth in Schedule
2.01 attached hereto and (b) to modify certain other provisions of the Existing Credit Agreement as set forth herein; and 
 WHEREAS,
the Administrative Agent, each of the Lenders party hereto and each Commitment Increase Participant are willing to agree to the foregoing, in each case on the terms and subject to the conditions set forth herein. 

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

 SECTION 1. Defined Terms. 

(a) As used in this Agreement, the following terms shall have the meanings set forth below: 

“Company Material Adverse Effect” means any fact, change, circumstance, event, occurrence, condition, development or
combination of the foregoing which is materially adverse to the business, results of operations or financial condition of the Company and its Subsidiaries taken as a whole; provided, however, that Company Material Adverse Effect shall
not be deemed to include the impact of: (A) changes after 

 
the date of the Merger Agreement in GAAP; (B) changes after the date of the Merger Agreement in Laws; (C) changes after the date of the Merger Agreement in global, national or regional political
conditions (including the outbreak of war or acts of terrorism) or in economic or market conditions (including securities markets, credit markets, currency markets and other financial markets) in any country; (D) earthquakes, hurricanes, tsunamis,
tornadoes, floods, mudslides, wild fires or other natural disasters, weather conditions and other force majeure events; (E) the announcement, pendency or consummation of the Merger Agreement, including the identity of the Borrower or any of its
Affiliates, or any communication by the Borrower or any of its Affiliates (including any impact on the relationship of the Company or any of the Company’s Subsidiaries, contractual or otherwise, with its customers, suppliers, distributors,
vendors, licensors, licensees, lenders, employees or partners); (F) a change in the trading price of the Company Common Stock, any suspension of trading in the Company Common Stock, or the failure of the Company to meet public projections, estimates
or expectations of the Company’s revenue, earnings or other financial performance or results of operations for any period, or any failure by the Company to meet any internal budgets, plans or forecasts of its revenues, earnings or other
financial performance or results of operations (but not, in each case, the underlying cause of such changes or failures, unless such underlying cause would otherwise be excepted from this definition); (G) any breach, violation or non-performance of
any provision of the Merger Agreement by ADI or any of its Affiliates; (H) any actions taken or omitted to be taken by the Company or any of its Subsidiaries at the written request of the Borrower; and (I) any claims or actions arising from
allegations of breach of fiduciary duty or otherwise relating to the Merger Agreement or the Merger; except, with respect to clauses (A), (B), (C) or (D), to the extent that the effects of such change are
disproportionately adverse to the business, properties, results of operations or financial condition of the Company and its Subsidiaries, taken as a whole, as compared to other companies in the industries in which the Company and its Subsidiaries
operate, in which case only the incremental disproportionate impact may be taken into account in determining whether there has been a Company Material Adverse Effect. Capitalized terms used but not defined in this definition (other than the
terms Merger Agreement and Company Material Adverse Effect) shall have the meanings assigned to such terms in the Merger Agreement as in effect on July 26, 2016. 

“Merger Agreement Representations” means such of the representations and warranties made by the Company in the Merger
Agreement as are material to the interests of the Lenders (in their capacities as such) (including each Lender under the Restated Credit Agreement and each Commitment Increase Participant), but only to the extent that the Borrower (or any of its
Affiliates) has the right to terminate its obligations under the Merger Agreement or the right to elect not to consummate the Acquisition as a result of a breach of such representations in the Merger Agreement. 

“Specified Representations” means the representations and warranties made by the Borrower in Sections 5.01(a),
5.01(b)(ii), 5.02(a), 5.04, 5.14, 5.19(b) and 5.20(b) (insofar as it relates to Sanctions administered or enforced by the United States government) of the Restated Credit Agreement. 

  
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 “Subsequent Subsidiary Borrower” has the meaning assigned to such term in the
Term Loan Credit Agreement. 
 (b) Capitalized terms used but not otherwise defined herein have the meanings assigned to them in the
Existing Credit Agreement or the Restated Credit Agreement (as defined below), as the context requires. 
 SECTION 2. Amendment and
Restatement of the Existing Credit Agreement on Restatement Effective Date. Effective as of the Restatement Effective Date, the Existing Credit Agreement (including each schedule and exhibit thereto) is hereby amended and restated to be in
the form attached as Exhibit A hereto (the Existing Credit Agreement, as so amended and restated, being referred to as the “Restated Credit Agreement”). 

SECTION 3. Effectiveness of Amendment and Restatement. The amendment and restatement of the Existing Credit Agreement as set
forth in Section 2 hereof shall become effective on the first date (the “Restatement Effective Date”) on which the following conditions precedent shall have been satisfied: 

(a) Documents. The Administrative Agent shall have executed a counterpart of this Agreement and shall have received executed
counterparts of this Agreement properly executed by a Responsible Officer of the Borrower, by Lenders constituting the Required Lenders under the Existing Credit Agreement and by each Commitment Increase Participant. 

(b) Opinions of Counsel. The Administrative Agent shall have received favorable opinions of legal counsel to the Borrower,
addressed to the Administrative Agent and each Lender, dated as of the Restatement Effective Date, and in form and substance satisfactory to the Administrative Agent. 

(c) No Material Adverse Change. There shall not have occurred since December 31, 2015, any event or condition that has had or
could be reasonably expected, either individually or in the aggregate, to have a Material Adverse Effect (as defined in the Existing Credit Agreement). 

(d) Organization Documents, Resolutions, Etc. The Administrative Agent shall have received the following, in form and
substance satisfactory to the Administrative Agent: 
 (i) copies of the certificate of incorporation of the Borrower
certified to be true and complete as of a recent date by the appropriate Governmental Authority of the state of its incorporation and the bylaws of the Borrower certified by a secretary or assistant secretary of the Borrower to be true and correct
as of the Restatement Effective Date; 
 (ii) such certificates of resolutions or other action, incumbency certificates
and/or other certificates of Responsible Officers of the Borrower as the Administrative Agent may require evidencing the 

  
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identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with this Agreement, the Restated Credit Agreement and the
transactions contemplated hereby; and 
 (iii) such documents and certifications as the Administrative Agent may reasonably
require to evidence that the Borrower is duly organized or formed, and is validly existing, in good standing and qualified to engage in business in its state of organization or formation. 

(e) Officer’s Closing Certificate. The Administrative Agent shall have received a certificate of the Borrower signed by
a Responsible Officer, dated the Restatement Effective Date, certifying that (i) the representations and warranties set forth in Section 7 hereof are true and correct as of the Restatement Effective Date and (ii) the conditions specified in
Section 3(c) hereof and in Sections 4.02(a) (but without giving effect to the parenthetical therein) and Section 4.02(b) of the Restated Credit Agreement have been satisfied. 

(f) Fees. The Administrative Agent, the Arrangers and the Lenders shall have received any fees and other amounts separately
agreed by the Borrower in connection with this Agreement that are required to be paid on or before the Restatement Effective Date (including, to the extent such amounts are invoiced at least two Business Days prior to the Restatement Effective Date,
payment or reimbursement of all expenses required to be paid or reimbursed by the Borrower). 
 (g) Attorney Costs. Unless
waived by the Administrative Agent, the Borrower shall have paid all reasonable fees, charges and disbursements of counsel to the Administrative Agent (directly to such counsel if requested by the Administrative Agent) to the extent invoiced at
least two Business Days prior to or on the Restatement Effective Date, plus such additional amounts of such fees, charges and disbursements as shall constitute its reasonable estimate of such fees, charges and disbursements incurred or to be
incurred by it through the closing proceedings (provided that such estimate shall not thereafter preclude a final settling of accounts between the Borrower and the Administrative Agent). 

(h) “Know Your Customer” Documentation and Related Information. The Administrative Agent shall have received, at
least three Business Days prior to the Restatement Effective Date, all documentation and other information reasonably requested in writing at least ten Business Days prior to the Restatement Effective Date that is required by regulatory authorities
under applicable “know your customer” and anti-money laundering rules and regulations, including without limitation, the Patriot Act. 

The Administrative Agent shall notify the Borrower and the Lenders of the Restatement Effective Date, and such notice shall be conclusive and
binding. 
 SECTION 4. Commitment Increase and Further Amendment of the Restated Credit Agreement on the Acquisition Closing
Date. Effective as of the closing 

  
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date of the Acquisition (the “Acquisition Closing Date”), subject to the satisfaction of only the conditions precedent set forth in Section 5 hereof, the Restated Credit
Agreement will be automatically amended to give effect to the following additional amendments: 
 (a) Schedule 2.01 to the Restated
Credit Agreement shall be amended and restated to be in the form of Schedule 2.01 hereto. 
 (b) Each Commitment Increase
Participant, on and as of the Acquisition Closing Date, subject to the satisfaction of the conditions precedent set forth in Section 5 hereof, shall be a party to and a Lender under the Restated Credit Agreement as amended hereby and shall
provide a Commitment (or an increase in the amount of its Commitment outstanding immediately prior to the Acquisition Closing Date) in the amount set forth next to its name on Schedule 1 hereto. Effective on and as of the Acquisition
Closing Date, subject to the satisfaction of the conditions precedent set forth in Section 5 hereof, each Lender shall have a Commitment in the amount set forth next to its name on Schedule 2.01
hereto. Effective on and as of the Acquisition Closing Date, each Person that is a Lender immediately prior to the Acquisition Closing Date but that does not have a Commitment set forth on Schedule 2.01 hereto shall exit the Restated
Credit Agreement and shall no longer be a Lender thereunder, and the Commitment of each such Person as in effect immediately prior to the Acquisition Closing Date shall terminate.

(c) The Applicable Percentage of each Lender under the Restated Credit Agreement shall automatically be adjusted to give effect to the
Commitments established or increased, and the amendment and restatement of Schedule 2.01 provided for, hereunder. Each Lender party hereto acknowledges and agrees that, on the Acquisition Closing Date and without any further action on
the part of the applicable L/C Issuer, the Swingline Lender or the Lenders, (i) each L/C Issuer shall have granted to each Lender, and each Lender shall have acquired from such L/C Issuer, a risk participation in each Letter of Credit issued by such
L/C Issuer and outstanding on the Acquisition Closing Date equal to such Lender’s Applicable Percentage (as automatically redetermined on the Acquisition Closing Date based on the adjustment of the Applicable Percentage of each Lender pursuant
hereto) times the amount of such Letter of Credit and (ii) the Swingline Lender shall have granted to each Lender, and each Lender shall have acquired from the Swingline Lender, a risk participation in each Swing Line Loan made by the
Swingline Lender and outstanding on the Acquisition Closing Date equal to such Lender’s Applicable Percentage (as automatically redetermined on the Acquisition Closing Date based on the adjustment of the Applicable Percentage of each Lender
pursuant hereto) times the amount of such Swing Line Loan. Such participations shall be governed by the terms of Section 2.03 or Section 2.04, as applicable, of the Restated Credit Agreement. If any Loans are outstanding on the
Acquisition Closing Date, the Borrower and the Lenders shall take such actions as may be reasonably requested by the Administrative Agent (which may include prepayments and reborrowings or assignments of borrowings) such that after giving effect to
the revised Commitments as set forth on Schedule 2.01 hereto, each Lender will hold its pro rata share (based on its Applicable Percentage, as automatically redetermined as set forth above, of the Aggregate Commitments) of all outstanding
Loans. It is acknowledged that the increase in the aggregate Commitments 

  
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effected hereby shall not reduce the amount by which the Borrower may further increase the Aggregate Commitments in accordance with the terms and conditions of Section 2.15 of the Restated Credit
Agreement.
 (d) The Definition of “Consolidated Funded Indebtedness” in Section 1.01 of the Restated Credit Agreement
shall be amended by replacing clause (b) with the following text: 
 “(b) the lesser of (i) the aggregate amount of Unrestricted Cash of
the Borrower and its Subsidiaries on such date and (ii) the aggregate principal amount of loans outstanding under the 90-Day Bridge Facility as of such date.” 

(e) Section 2.15(e) of the Restated Credit Agreement shall be amended by replacing clause (i) with the following text: 

“(i) the Aggregate Commitments shall not exceed $1,250,000,000 without the consent of the Required Lenders;”. 

(f) Section 7.02 of the Restated Credit Agreement shall be amended by replacing clauses (g) and (h) with the following text: 

“(g) unsecured Indebtedness of any Subsidiary under the Bridge Facilities (or any term loan incurred or debt securities issued in lieu or
replacement of any portion thereof (i) not replaced by the Term Loan Facilities and (ii) not repaid or prepaid with cash on hand of the Borrower or any of its Subsidiaries or otherwise, other than pursuant to a refinancing or refunding thereof with
additional unsecured Indebtedness incurred under this clause(g)) and the Term Loan Facilities (and any refinancing or refunding of the Bridge Facilities or the Term Loan Facilities with additional unsecured Indebtedness incurred under this
clause(g)); provided that the aggregate principal amount of Indebtedness under the 90-Day Bridge Facility (or any Indebtedness incurred or issued in lieu or replacement of, or refinancing or refunding, all or part thereof under
this clause(g)) shall not exceed $4,100,000,000, the aggregate principal amount of Indebtedness under the 364-Day Bridge Facility (or any Indebtedness incurred or issued in lieu or replacement of, or refinancing or refunding, all or part
thereof under this clause (g)) shall not exceed $2,500,000,000 and the aggregate principal amount of Indebtedness under the Term Loan Facilities (or any Indebtedness refinancing or refunding all or part thereof under this clause (g))
shall not exceed $5,000,000,000; 
 (h) Indebtedness of the Company or any of its Subsidiaries existing at the Acquisition Closing Date that
is permitted under the Merger Agreement (as in effect on the date hereof), to remain outstanding following the Acquisition Closing Date, and any refinancings, refundings, renewals or extensions thereof; provided that (i) no Subsidiary shall
be a 

  
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primary obligor or guarantor with respect thereto unless such Subsidiary was (or pursuant to the terms thereof would have been required to become) a primary obligor or guarantor with respect
thereto immediately prior to the Acquisition Closing Date and (ii) the aggregate principal amount of such Indebtedness does not exceed the principal amount thereof outstanding immediately prior to the Acquisition Closing Date, except by an amount
equal to a reasonable premium or other reasonable amount paid, and fees and expenses reasonably incurred, in connection with any such refinancings, refundings, renewals or extensions thereof; and”. 

(g) Section 7.03 of the Restated Credit Agreement shall be amended by replacing clause (b) with the following text: 

“(b) Merger Sub may merge with the Company to consummate the Merger;”. 

(h) Section 7.03 of the Restated Credit Agreement shall be amended by replacing the period appearing at the end of clause (c) with a
semicolon and adding the following new clauses (d) and (e) after clause (c): 
 “(d) the Initial Subsidiary Borrower or any Subsequent
Subsidiary Borrower may change its jurisdiction of organization and/or tax residence; and 
 (e) the Initial Subsidiary Borrower or any
Subsequent Subsidiary Borrower may consolidate, amalgamate or merge with or into or liquidate, wind up or convert into (whether or not the Initial Subsidiary Borrower or any Subsequent Subsidiary Borrower is the surviving Person) any Person so long
as the surviving Person is a Subsidiary.”. 
 (i) Section 7.04 of the Restated Credit Agreement shall be amended by deleting the
word “and” appearing at the end of clause (d), re-lettering the existing clause (e) as clause (g) and adding the following new clauses (e) and (f) after clause (d): 

“(e) Dispositions by the Initial Subsidiary Borrower or any Subsequent Subsidiary Borrower of its assets (including, without limitation,
assets that constitute all or substantially all of its assets); 
 (f) changes in the ownership of the Equity Interests of the Initial
Subsidiary Borrower or any Subsequent Subsidiary Borrower (other than changes constituting a “Change of Control”), so long as, at any time when the Initial Subsidiary Borrower or such Subsequent Subsidiary Borrower, as applicable, is a
borrower under the Term Loan Facilities, the Initial Subsidiary Borrower or such Subsequent Subsidiary Borrower, as applicable, remains a Subsidiary of the Borrower; and”. 

  
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 (j) The text of Section 7.07 of the Restated Credit Agreement shall be deleted and the
following shall be inserted in its place: 
 “The Borrower shall not permit the Consolidated Leverage Ratio, as at the end of any fiscal
quarter of the Borrower, commencing with the first full fiscal quarter ending after the Acquisition Closing Date, to be greater than (a) 5.00 to 1.00 for any fiscal quarter through and including the fiscal quarter ending on or about May 5, 2018, (b)
4.50 to 1.00 for any fiscal quarter commencing with the fiscal quarter ending on or about August 4, 2018, through and including the fiscal quarter ending on or about November 3, 2018, (c) 4.00 to 1.00 for any fiscal quarter commencing with the
fiscal quarter ending on or about February 2, 2019, through and including the fiscal quarter ending on or about November 2, 2019, or (d) 3.00 to 1.00 for any fiscal quarter ending thereafter.” 

SECTION 5. Effectiveness of Commitment Increase and Further Amendment on Acquisition Closing Date. The amendments of the
Restated Credit Agreement provided for in Section 4 hereof, including the amendment and restatement of Schedule 2.01, shall become effective on the Acquisition Closing Date, subject to the satisfaction of the conditions precedent in
Section 3 hereof and the satisfaction of the following conditions precedent: 
 (a) Acquisition. The Acquisition shall be
consummated in all material respects in accordance with the terms of the Merger Agreement. The Merger Agreement shall not have been amended or modified in any respect, or any provision or condition therein waived, or any consent granted
thereunder (directly or indirectly), by the Borrower, in each case after July 26, 2016, if such amendment, modification, waiver or consent would be material and adverse to the interests of the Lenders (in their capacities as such) without the
Arrangers’ prior written consent (such consent not to be unreasonably withheld, delayed or conditioned). 
 (b) Financial
Statements. The Arrangers shall have received (i) GAAP audited consolidated balance sheets and related statements of income, stockholders’ equity and cash flows of each of the Borrower and the Company, in each case for the last three
fiscal years to have been completed at least 90 days prior to the Acquisition Closing Date, and (ii) GAAP unaudited consolidated balance sheets and related statements of income and cash flows of each of the Borrower and the Company for each
subsequent fiscal quarter ended at least 45 days prior to the Acquisition Closing Date (it being agreed that all such information referred to in subclauses (i) and (ii) of this clause (b) for all relevant periods ended on or prior to (A) for
the Borrower, July 30, 2016, and (B) for the Company, July 3, 2016, has been received). 
 (c) Representations. The Merger
Agreement Representations and the Specified Representations shall be true and correct in all material respects on and as of the Acquisition Closing Date at the time of and after giving effect to the Transactions. 

(d) No Company Material Adverse Effect. Except as disclosed in (i) the Company SEC Documents (as defined in the Merger
Agreement as in effect on July 26, 2016) filed or furnished since June 28, 2015 and prior to July 26, 2016 (excluding any disclosures set forth in any “risk factor” or “forward-looking statements” sections) or

  
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(ii) the Company Disclosure Schedule (as defined in the Merger Agreement as in effect on July 26, 2016) provided to certain of the Arrangers on July 26, 2016 (provided that disclosure
in any section of such Company Disclosure Schedule shall apply only to the corresponding section of the Merger Agreement except to the extent that the relevance of such disclosure to another section or representation is reasonably apparent), since
April 3, 2016, there shall not have been any fact, change, circumstance, event, occurrence, condition or development that has had or would reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect. 

(e) Fees and Expenses. The Administrative Agent, the Arrangers and the Lenders shall have received all fees and other amounts
separately agreed by the Borrower in connection with this Agreement that are required to be paid on or before the Acquisition Closing Date (including, to the extent such amounts are invoiced at least two Business Days prior to the Acquisition
Closing Date, payment or reimbursement of all expenses required to be paid or reimbursed by the Borrower). 
 (f) Restatement
Effective Date. The Restatement Effective Date shall have occurred. 
 (g) Officer’s Closing Certificate. The
Administrative Agent shall have received a certificate of the Borrower signed by a Responsible Officer certifying (i) that the conditions specified in Section 5.1(a), Section 5.1(c) (as to the Specified Representations only) and
Section 5.1(d) hereof have been satisfied and (ii) that, to the best knowledge of the Borrower, the condition specified in Section 5.1(c) hereof (as to the Merger Agreement Representations) has been satisfied. 

(h) Acquisition Closing Date. The Acquisition Closing Date shall have occurred on or prior to 11:59 p.m., New York City time,
on October 26, 2017. 
 SECTION 6. Ticking Fee; Participation Fee.

(a) The Borrower shall pay a fee (the “Ticking Fee”) to the Administrative Agent, for the account of each Commitment
Increase Participant, that will accrue at the applicable rate per annum set forth in the table below, based on the Debt Ratings, on the aggregate amount of the Commitment or additional Commitment to be made available by such Commitment Increase
Participant as set forth on Schedule I hereto. The Ticking Fee shall accrue during the period from and including the date that is the 60th day following the date of this Agreement to but excluding the Acquisition Closing Date or earlier
termination of the Merger Agreement. The Ticking Fee shall be computed on the basis of the actual number of days elapsed over a 360-day year and shall be payable in full on the earlier of the Acquisition Closing Date and the termination of the
Merger Agreement. 
  

							
	 Pricing

Level
	 	Debt Ratings
S&P/
Moody’s	 	Ticking Fee	 
	I	 	>A+/A1	 	 	0.060	% 
	II	 	A/A2	 	 	0.080	% 
	III	 	A-/A3	 	 	0.100	% 
	IV	 	BBB+/Baa1	 	 	0.125	% 
	V	 	BBB/Baa2	 	 	0.150	% 
	VI	 	BBB-/Baa3	 	 	0.200	% 
	VII	 	<BB+/Ba1 or unrated	 	 	0.250	% 

  
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 Each change in the Ticking Fee resulting from a publicly announced change in the Debt Rating
shall be effective, in the case of an upgrade, during the period commencing on the date of delivery by the Borrower to the Administrative Agent of notice thereof pursuant to Section 6.03(c) of the Restated Credit Agreement and
ending on the date immediately preceding the effective date of the next such change and, in the case of a downgrade, during the period commencing on the date of the public announcement thereof and ending on the date immediately preceding the
effective date of the next such change. If the Debt Ratings differ by one level, then the Pricing Level for the higher of such Debt Ratings shall apply (with the Debt Rating for Pricing Level I being the highest and the Debt Rating for Pricing
Level VII being the lowest). If there is a split in Debt Ratings of more than one level, then the Pricing Level that is one level lower than the Pricing Level of the higher Debt Rating shall apply. If the Borrower has only one Debt Rating,
the Pricing Level that is one level lower than that of such Debt Rating shall apply. If the Borrower does not have any Debt Rating, Pricing Level VII shall apply. 

(b) The Borrower shall pay a fee (the “Participation Fee”) to the Administrative Agent, for the account of each
Commitment Increase Participant, in an amount equal to 0.125% of the aggregate amount of the Commitment or additional Commitment to be made available by such Commitment Increase Participant as set forth on Schedule I hereto. The
Participation Fee shall be payable in full on the Acquisition Closing Date, if it occurs, and shall be allocated among the Commitment Increase Participants in accordance with their Commitments or increased Commitments as set forth on Schedule
I hereto. 
 SECTION 7. Representations and Warranties. The Borrower represents and warrants to each other party hereto
that: 
 (a) this Agreement has been duly authorized, executed and delivered by the Borrower and constitutes a legal, valid and binding
obligation of the Borrower, enforceable against the Borrower in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of
creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law); 

(b) the representations and warranties of the Borrower set forth in the Existing Credit Agreement, the Restated Credit Agreement and the
other Loan Documents are true and correct (i) in the case of the representations and warranties qualified as to materiality, in all respects and (ii) otherwise, in all material respects, in each case on and as of the Restatement Effective
Date, except in the case of any such representation and warranty that expressly relates to a prior date, in which case the Borrower only represents and warrants that such representation and warranty was so true and correct on and as of such prior
date; and 
 (c) as of the Restatement Effective Date, no Default or Event of Default has occurred and is continuing under the Existing
Credit Agreement or the Restated Credit Agreement. 

  
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 SECTION 8. Effect of Amendment and Restatement; No Novation. (a) Except as expressly
set forth herein, this Agreement shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect the rights and remedies of the Administrative Agent, the L/C Issuers, the Swing Line Lender or the Lenders under the
Existing Credit Agreement or any other Loan Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Existing Credit Agreement or any other Loan Document,
all of which shall continue in full force and effect in accordance with the provisions thereof (it being understood and agreed that all interest and fees accruing under the Existing Credit Agreement in respect of periods prior to the Restatement
Effective Date will accrue at the rates specified in the Existing Credit Agreement prior to its restatement in the form of the Restated Credit Agreement). Nothing herein shall be deemed to entitle the Borrower to a consent to, or a waiver,
amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Existing Credit Agreement, the Restated Credit Agreement or any other Loan Document in similar or different
circumstances. 
 (b) On and after the Restatement Effective Date, (i) each reference in the Restated Credit Agreement to “this
Agreement”, “hereunder”, “hereof”, “herein”, or words of like import, as used in the Restated Credit Agreement, shall refer to the Existing Credit Agreement as amended and restated in the form of the Restated
Credit Agreement and, from and after the Acquisition Closing Date, subject to the satisfaction of the conditions precedent set forth in Section 5 hereof, as further amended as set forth in Section 4 hereof, and (ii) the term
“Credit Agreement”, as used in any Loan Document, shall mean the Restated Credit Agreement and, from and after the Acquisition Closing Date, subject to the satisfaction of the conditions precedent set forth in Section 5 hereof, the
Restated Credit Agreement as further amended as set forth in Section 4 hereof. This Agreement shall constitute a “Loan Document” for all purposes of the Restated Credit Agreement and the other Loan Documents. 

(c) Neither this Agreement nor the effectiveness of the Restated Credit Agreement or the amendments set forth in Section 4 hereof
shall extinguish the obligations for the payment of money outstanding under the Existing Credit Agreement or discharge or release any Guarantee thereof. Nothing herein contained shall be construed as a substitution or novation of the
Obligations outstanding under the Existing Credit Agreement or the other Loan Documents, which shall remain in full force and effect, except as modified hereby. Nothing expressed or implied in this Agreement, the Restated Credit Agreement or
any other document contemplated hereby or thereby shall be construed as a release or other discharge of the Borrower under the Existing Credit Agreement under any Loan Document (as defined in the Existing Credit Agreement) from any of its
obligations and liabilities thereunder. 

  
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 SECTION 9. Counterparts. This Agreement may be executed in counterparts (and by
different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Agreement by
telecopy or other electronic imaging means (e.g., “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Agreement. 

SECTION 10. Severability. If any provision of this Agreement is held to be illegal, invalid or unenforceable, (a) the
legality, validity and enforceability of the remaining provisions of this Agreement shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable
provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction. 
 SECTION 11. Governing Law. THIS AGREEMENT AND ANY CLAIMS,
CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF
THE STATE OF NEW YORK. The provisions of Section 10.14 of the Existing Credit Agreement shall apply mutatis mutandis to this Agreement to the same extent as if fully set forth herein. 

SECTION 12. Waiver of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY
HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT
IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

SECTION 13. Headings. Section headings herein are included for convenience of reference only and shall not affect the
interpretation of this Agreement. 
 [remainder of page intentionally left blank] 

  
 12 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by their
respective authorized officers as of the date set forth above. 
  

									
	 BORROWER:
	 		 	ANALOG DEVICES, INC.,
				
		 		 	by	 	 /s/ Ali R. Husain

		 		 		 	Name:	 	Ali R. Husain
		 		 		 	Title:	 	Treasurer and Director of Investor Relations

									
	 ADMINISTRATIVE AGENT:
	 		 	BANK OF AMERICA, N.A.,
as Administrative Agent
				
		 		 	by	 	 /s/ Tiffany Shin

		 		 		 	Name:	 	Tiffany Shin
		 		 		 	Title:	 	Vice President

 LENDER SIGNATURE PAGE TO THE 

AMENDMENT AND RESTATEMENT AGREEMENT 

OF ANALOG DEVICES, INC. 
  

									
	 LENDERS:
	 		 	BANK OF AMERICA, N.A.,
as a Lender, Swing Line Lender and an L/C Issuer
				
		 		 	by	 	 /s/ Mukesh Singh

		 		 		 	Name:	 	Mukesh Singh
		 		 		 	Title:	 	Vice President

 LENDER SIGNATURE PAGE TO THE 

AMENDMENT AND RESTATEMENT AGREEMENT 

OF ANALOG DEVICES, INC. 
  

 
					
	JPMORGAN CHASE BANK, N.A.,
	as a Lender and an L/C Issuer
		
	by	 	 /s/ Justin Burton

		 	Name:	 	Justin Burton
		 	Title:	 	Vice President

 LENDER SIGNATURE PAGE TO THE 

AMENDMENT AND RESTATEMENT AGREEMENT 

OF ANALOG DEVICES, INC. 
  

 
					
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.
		
	By	 	 /s/ Matthew Antioco

		 	Name:	 	Matthew Antioco
		 	Title:	 	Vice President

 LENDER SIGNATURE PAGE TO THE 

AMENDMENT AND RESTATEMENT AGREEMENT 

OF ANALOG DEVICES, INC. 
  

									
		 	Name of Institution:	 	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH
				
		 		 	by	 	 /s/ Christopher Day

		 		 		 	Name:	 	Christopher Day
		 		 		 	Title:	 	Authorized Signatory
		
		 	                                  For any Lender
requiring a second signature line:
				
		 		 	by	 	 /s/ Juerg Unterlerchner

		 		 		 	Name:	 	Juerg Unterlerchner
		 		 		 	Title:	 	Authorized Signatory

 LENDER SIGNATURE PAGE TO THE 

AMENDMENT AND RESTATEMENT AGREEMENT 

OF ANALOG DEVICES, INC. 
  

									
		 	Name of Institution:	 	Deutsche Bank AG New York Branch
				
		 		 	by	 	 /s/ Ming K Chu

		 		 		 	Name:	 	Ming K Chu
		 		 		 	Title:	 	Director
		
		 	                                  For any Lender
requiring a second signature line:
				
		 		 	by	 	 /s/ Virginia Cosenza

		 		 		 	Name:	 	Virginia Cosenza
		 		 		 	Title:	 	Vice President

 LENDER SIGNATURE PAGE TO THE 

AMENDMENT AND RESTATEMENT AGREEMENT 

OF ANALOG DEVICES, INC. 
  

									
		 	Name of Institution:	 	Sumitomo Mitsui Banking Corporation
				
		 		 	by	 	 /s/ David W. Kee

		 		 		 	Name:	 	David W. Kee
		 		 		 	Title:	 	Managing Director

 LENDER SIGNATURE PAGE TO THE 

AMENDMENT AND RESTATEMENT AGREEMENT 

OF ANALOG DEVICES, INC. 
  

									
		 	Name of Institution:	 	Wells Fargo Bank, National Association
				
		 		 	by	 	 /s/ S. Michael St. Geme

		 		 		 	Name:	 	S. Michael St. Geme
		 		 		 	Title:	 	Managing Director
		
		 	                                For any Lender requiring a
second signature line:
				
		 		 	by	 	
		 		 		 	Name:	 	
		 		 		 	Title:	 	

 LENDER SIGNATURE PAGE TO THE 

AMENDMENT AND RESTATEMENT AGREEMENT 

OF ANALOG DEVICES, INC. 
  

											
		 		 	Name of Institution:	 	HSBC Bank USA, National Association
					
		 		 		 	by	 	 /s/ Zhiyan Zeng

		 		 		 		 	Name:	 	 Zhiyan Zeng

		 		 		 		 	Title:	 	Vice President

 LENDER SIGNATURE PAGE TO THE 

AMENDMENT AND RESTATEMENT AGREEMENT 

OF ANALOG DEVICES, INC. 
  

									
		 	Name of Institution:	 	Morgan Stanley Bank, N.A.
				
		 		 	by	 	 /s/ Michael King

		 		 		 	Name:	 	Michael King
		 		 		 	Title:	 	Authorized Signatory
		
		 	                                For any Lender requiring a
second signature line:
				
		 		 	by	 	  

		 		 		 	Name:	 	
		 		 		 	Title:	 	

 LENDER SIGNATURE PAGE TO THE 

AMENDMENT AND RESTATEMENT AGREEMENT 

OF ANALOG DEVICES, INC. 
  

									
		 	Name of Institution:	 	Morgan Stanley Senior Funding, Inc.
				
		 		 	by	 	 /s/ Michael King

		 		 		 	Name:	 	Michael King
		 		 		 	Title:	 	Authorized Signatory
		
		 	                                For any Lender requiring a
second signature line:
				
		 		 	by	 	  

		 		 		 	Name:	 	
		 		 		 	Title:	 	

 LENDER SIGNATURE PAGE TO THE 

AMENDMENT AND RESTATEMENT AGREEMENT 

OF ANALOG DEVICES, INC. 
  

									
		 	Name of Institution:	 	 Svenka Handelsbanken AB (publ)

New York Branch

				
		 		 	by	 	 /s/ Steve Cox

		 		 		 	Name:	 	Steve Cox
		 		 		 	Title:	 	Vice President
		
		 	                                For any Lender requiring a
second signature line:
				
		 		 	by	 	 /s/ Jonas Almhöjd

		 		 		 	Name:	 	Jonas Almhöjd
		 		 		 	Title:	 	Senior Vice President

 LENDER SIGNATURE PAGE TO THE 

AMENDMENT AND RESTATEMENT AGREEMENT 

OF ANALOG DEVICES, INC. 
  

									
		 	Name of Institution:	 	BMO Harris Bank, N.A.
				
		 		 	by	 	 /s/ Michael Kus

		 		 		 	Name:	 	Michael Kus
		 		 		 	Title:	 	Managing Director

 LENDER SIGNATURE PAGE TO THE 

AMENDMENT AND RESTATEMENT AGREEMENT 

OF ANALOG DEVICES, INC. 
  

									
		 	Name of Institution:	 	DBS Bank Ltd.
				
		 		 	by	 	 /s/ Loy Hwee Chuan

		 		 		 	Name:	 	Loy Hwee Chuan
		 		 		 	Title:	 	Vice President

 LENDER SIGNATURE PAGE TO THE 

AMENDMENT AND RESTATEMENT AGREEMENT 

OF ANALOG DEVICES, INC. 
  

									
		 	PNC BANK, NATIONAL ASSOCIATION            
				
		 		 	by	 	 /s/ Lauren Girvan

		 		 		 	Name:	 	Lauren Girvan
		 		 		 	Title:	 	Assistant Vice President

 LENDER SIGNATURE PAGE TO THE 

AMENDMENT AND RESTATEMENT AGREEMENT 

OF ANALOG DEVICES, INC. 
  

									
		 	Name of Institution:	 	TD Bank, N.A.
				
		 		 	By	 	 /s/ Todd Antico

		 		 		 	Name:	 	Todd Antico
		 		 		 	Title:	 	Senior Vice President

 LENDER SIGNATURE PAGE TO THE 

AMENDMENT AND RESTATEMENT AGREEMENT 

OF ANALOG DEVICES, INC. 
  

									
		 	Name of Institution:	 	THE BANK OF NEW YORK MELLON
				
		 		 	by	 	 /s/ Thomas J. Tarasovich, Jr.

		 		 		 	Name:	 	Thomas J. Tarasovich, Jr.
		 		 		 	Title:	 	Vice President

 LENDER SIGNATURE PAGE TO THE 

AMENDMENT AND RESTATEMENT AGREEMENT 

OF ANALOG DEVICES, INC. 
  

 
							
	Name of Institution:
		
		 	GOLDMAN SACHS BANK USA
			
		 	By	 	 /s/ Josh Rosenthal

		 		 	Name:	 	Josh Rosenthal
		 		 	Title:	 	Authorized Signatory

 SCHEDULE 1 

Commitment Increase Participants 
  

					
	 Lender
	  	Commitment Increase	 
	 The Bank of Tokyo-Mitsubishi UFJ, Ltd.
	  	$	70,000,000.00	  
	 Deutsche Bank AG New York Branch
	  	$	40,000,000.00	  
	 Sumitomo Mitsui Banking Corporation
	  	$	100,000,000.00	  
	 Wells Fargo Bank, National Association
	  	$	40,000,000.00	  
	 Morgan Stanley Senior Funding, Inc.
	  	$	10,000,000.00	  
	 Svenska Handelsbanken AB (publ), New York Branch
	  	$	25,000,000.00	  
	 BMO Harris Bank, N.A.
	  	$	23,000,000.00	  
	 DBS Bank Ltd.
	  	$	23,000,000.00	  
	 PNC Bank, National Association
	  	$	23,000,000.00	  
	 TD Bank, N.A.
	  	$	23,000,000.00	  
		  	  
	  
	 
	 TOTAL
	  	$	377,000,000.00	  
		  	  
	  
	 

 SCHEDULE 2.01 

Commitments and Applicable Percentages 

as of the Acquisition Closing Date 
  

									
	 Lender
	  	Commitment	 	  	Applicable
Percentage	 
	 Bank of America, N.A.
	  	$	120,000,000.00	  	  	 	12.00	% 
	 JPMorgan Chase Bank, N.A.
	  	$	110,000,000.00	  	  	 	11.00	% 
	 The Bank of Tokyo-Mitsubishi UFJ, Ltd.
	  	$	120,000,000.00	  	  	 	12.00	% 
	 Credit Suisse AG, Cayman Islands Branch
	  	$	100,000,000.00	  	  	 	10.00	% 
	 Deutsche Bank AG New York Branch
	  	$	100,000,000.00	  	  	 	10.00	% 
	 Sumitomo Mitsui Banking Corporation
	  	$	100,000,000.00	  	  	 	10.00	% 
	 Wells Fargo Bank, National Association
	  	$	100,000,000.00	  	  	 	10.00	% 
	 HSBC Bank USA, National Association
	  	$	60,000,000.00	  	  	 	6.00	% 
	 Morgan Stanley Bank, N.A.
	  	$	40,000,000.00	  	  	 	4.00	% 
	 Morgan Stanley Senior Funding, Inc.
	  	$	10,000,000.00	  	  	 	1.00	% 
	 Svenska Handelsbanken AB (publ), New York Branch
	  	$	25,000,000.00	  	  	 	2.50	% 
	 BMO Harris Bank, N.A.
	  	$	23,000,000.00	  	  	 	2.30	% 
	 DBS Bank Ltd.
	  	$	23,000,000.00	  	  	 	2.30	% 
	 PNC Bank, National Association
	  	$	23,000,000.00	  	  	 	2.30	% 
	 TD Bank, N.A.
	  	$	23,000,000.00	  	  	 	2.30	% 
	 The Bank of New York Mellon
	  	$	23,000,000.00	  	  	 	2.30	% 
		  	  
	  
	 	  	  
	  
	 
	 TOTAL
	  	$	1,000,000,000.00	  	  	 	100.00	% 
		  	  
	  
	 	  	  
	  
	 

 EXHIBIT A 

Amended and Restated Credit Agreement 

 Exhibit A to Amendment and Restatement Agreement 

 
  

 
 Published CUSIP Number: 03265PAE8 

AMENDED AND RESTATED 
 CREDIT
AGREEMENT 
 Dated as of September 23, 2016 

among 
 ANALOG DEVICES, INC., 

as Borrower, 
 BANK OF AMERICA,
N.A., 
 as Administrative Agent, Swing Line Lender 

and 
 L/C Issuer, 

JPMORGAN CHASE BANK, N.A., 
 CREDIT
SUISSE SECURITIES (USA) LLC and 
 THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., 

as Syndication Agents 
 and 

L/C Issuers, 
 and 

The Other Lenders Party Hereto 

DEUTSCHE BANK SECURITIES INC., 

SUMITOMO MITSUI BANKING CORPORATION, 

WELLS FARGO BANK, NATIONAL ASSOCIATION, BMO HARRIS BANK, N.A., 

DBS BANK LTD., PNC BANK, NATIONAL ASSOCIATION, TD BANK, N.A. and 

THE BANK OF NEW YORK MELLON, 
 as
Documentation Agents 
 MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, 

JPMORGAN CHASE BANK, N.A., 
 CREDIT
SUISSE SECURITIES (USA) LLC and 
 THE BANK OF TOKYO-MITSUBISHI UFJ, LTD. 

as Joint Lead Arrangers and Joint Bookrunners 
  

 
  

[CS&M Ref. No. 6702-219] 

 Table of Contents 
  

							
	 	 	 	  	Page	 
	
	ARTICLE I.	  
		
	 DEFINITIONS AND ACCOUNTING TERMS
	  	 	1	  
	 1.01.
	 	 Defined Terms.
	  	 	1	  
	 1.02.
	 	 Other Interpretive Provisions.
	  	 	26	  
	 1.03.
	 	 Accounting Terms.
	  	 	27	  
	 1.04.
	 	 Rounding.
	  	 	27	  
	 1.05.
	 	 Times of Day.
	  	 	27	  
	 1.06.
	 	 Letter of Credit Amounts.
	  	 	28	  
	
	ARTICLE II.	  
		
	 THE COMMITMENTS AND CREDIT EXTENSIONS
	  	 	28	  
	 2.01.
	 	 Committed Loans.
	  	 	28	  
	 2.02.
	 	 Borrowings, Conversions and Continuations of Committed Loans.
	  	 	28	  
	 2.03.
	 	 Letters of Credit.
	  	 	30	  
	 2.04.
	 	 Swing Line Loans.
	  	 	39	  
	 2.05.
	 	 Prepayments.
	  	 	42	  
	 2.06.
	 	 Termination or Reduction of Commitments.
	  	 	43	  
	 2.07.
	 	 Repayment of Loans.
	  	 	44	  
	 2.08.
	 	 Interest.
	  	 	44	  
	 2.09.
	 	 Fees.
	  	 	45	  
	 2.10.
	 	 Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate.
	  	 	45	  
	 2.11.
	 	 Evidence of Debt.
	  	 	46	  
	 2.12.
	 	 Payments Generally; Administrative Agent’s Clawback.
	  	 	46	  
	 2.13.
	 	 Sharing of Payments by Lenders.
	  	 	48	  
	 2.14.
	 	 Extension of Maturity Date.
	  	 	49	  
	 2.15.
	 	 Increase in Commitments.
	  	 	50	  
	 2.16.
	 	 Cash Collateral.
	  	 	52	  
	 2.17.
	 	 Defaulting Lenders.
	  	 	53	  
	
	ARTICLE III.	  
		
	 TAXES, YIELD PROTECTION AND ILLEGALITY
	  	 	56	  
	 3.01.
	 	 Taxes.
	  	 	56	  
	 3.02.
	 	 Illegality.
	  	 	60	  

  
 i 

 Table of Contents (continued) 

 

							
	 	 	 	  	Page	 
			
	 3.03.
	 	 Inability to Determine Rates.
	  	 	61	  
	 3.04.
	 	 Increased Costs; Reserves on Eurodollar Rate Loans.
	  	 	62	  
	 3.05.
	 	 Compensation for Losses.
	  	 	63	  
	 3.06.
	 	 Mitigation Obligations; Replacement of Lenders.
	  	 	64	  
	 3.07.
	 	 Survival.
	  	 	64	  
	
	ARTICLE IV.	  
		
	 CONDITIONS PRECEDENT
	  	 	65	  
	 4.01.
	 	 [Reserved.]
	  	 	65	  
	 4.02.
	 	 Conditions to all Credit Extensions.
	  	 	65	  
	
	ARTICLE V.	  
		
	 REPRESENTATIONS AND WARRANTIES
	  	 	65	  
	 5.01.
	 	 Existence, Qualification and Power.
	  	 	65	  
	 5.02.
	 	 Authorization; No Contravention.
	  	 	66	  
	 5.03.
	 	 Governmental Authorization; Other Consents.
	  	 	66	  
	 5.04.
	 	 Binding Effect.
	  	 	66	  
	 5.05.
	 	 Financial Statements; No Material Adverse Effect.
	  	 	66	  
	 5.06.
	 	 Litigation.
	  	 	67	  
	 5.07.
	 	 No Default.
	  	 	67	  
	 5.08.
	 	 Ownership of Property; Liens.
	  	 	67	  
	 5.09.
	 	 Environmental Compliance.
	  	 	67	  
	 5.10.
	 	 Insurance.
	  	 	67	  
	 5.11.
	 	 Taxes.
	  	 	67	  
	 5.12.
	 	 ERISA Compliance.
	  	 	68	  
	 5.13.
	 	 Subsidiaries.
	  	 	69	  
	 5.14.
	 	 Margin Regulations; Investment Company Act.
	  	 	69	  
	 5.15.
	 	 Disclosure.
	  	 	69	  
	 5.16.
	 	 Compliance with Laws.
	  	 	69	  
	 5.17.
	 	 Taxpayer Identification Number.
	  	 	69	  
	 5.18.
	 	 Intellectual Property; Licenses, Etc.
	  	 	69	  
	 5.19.
	 	 Sanctions.
	  	 	70	  
	 5.20.
	 	 Anti-Corruption Laws.
	  	 	70	  

  
 ii 

 Table of Contents (continued) 

 

							
	 	 	 	  	Page	 
	
	ARTICLE VI.	  
		
	AFFIRMATIVE COVENANTS	  	 	71	  
	 6.01.
	 	 Financial Statements.
	  	 	71	  
	 6.02.
	 	 Certificates; Other Information.
	  	 	71	  
	 6.03.
	 	 Notices.
	  	 	73	  
	 6.04.
	 	 Payment of Obligations.
	  	 	73	  
	 6.05.
	 	 Preservation of Existence, Etc.
	  	 	74	  
	 6.06.
	 	 Maintenance of Properties.
	  	 	74	  
	 6.07.
	 	 Maintenance of Insurance.
	  	 	74	  
	 6.08.
	 	 Compliance with Laws.
	  	 	74	  
	 6.09.
	 	 Books and Records.
	  	 	74	  
	 6.10.
	 	 Inspection Rights.
	  	 	75	  
	 6.11.
	 	 Use of Proceeds.
	  	 	75	  
	 6.12.
	 	 Anti-Corruption Laws.
	  	 	75	  
	
	ARTICLE VII.	  
		
	NEGATIVE COVENANTS	  	 	75	  
	 7.01.
	 	 Liens.
	  	 	75	  
	 7.02.
	 	 Indebtedness.
	  	 	77	  
	 7.03.
	 	 Fundamental Changes.
	  	 	78	  
	 7.04.
	 	 Dispositions.
	  	 	78	  
	 7.05.
	 	 Use of Proceeds.
	  	 	78	  
	 7.06.
	 	 Fiscal Year.
	  	 	79	  
	 7.07.
	 	 Financial Covenant.
	  	 	79	  
	 7.08.
	 	 Sanctions.
	  	 	79	  
	 7.09.
	 	 Anti-Corruption Laws.
	  	 	79	  
	
	ARTICLE VIII.	  
		
	EVENTS OF DEFAULT AND REMEDIES	  	 	79	  
	 8.01.
	 	 Events of Default.
	  	 	79	  
	 8.02.
	 	 Remedies Upon Event of Default.
	  	 	81	  
	 8.03.
	 	 Application of Funds.
	  	 	82	  

  
 iii 

 Table of Contents (continued) 

 

							
	 	 	 	  	Page	 
	
	ARTICLE IX.	  
		
	 ADMINISTRATIVE AGENT
	  	 	83	  
	 9.01.
	 	 Appointment and Authority.
	  	 	83	  
	 9.02.
	 	 Rights as a Lender.
	  	 	83	  
	 9.03.
	 	 Exculpatory Provisions.
	  	 	83	  
	 9.04.
	 	 Reliance by Administrative Agent.
	  	 	84	  
	 9.05.
	 	 Delegation of Duties.
	  	 	85	  
	 9.06.
	 	 Resignation of Administrative Agent.
	  	 	85	  
	 9.07.
	 	 Non-Reliance on Administrative Agent and Other
Lenders.
	  	 	87	  
	 9.08.
	 	 No Other Duties, Etc.
	  	 	87	  
	 9.09.
	 	 Administrative Agent May File Proofs of Claim.
	  	 	87	  
	
	ARTICLE X.	  
		
	 MISCELLANEOUS
	  	 	88	  
	 10.01.
	 	 Amendments, Etc.
	  	 	88	  
	 10.02.
	 	 Notices; Effectiveness; Electronic Communication.
	  	 	89	  
	 10.03.
	 	 No Waiver; Cumulative Remedies; Enforcement.
	  	 	91	  
	 10.04.
	 	 Expenses; Indemnity; Damage Waiver.
	  	 	92	  
	 10.05.
	 	 Payments Set Aside.
	  	 	94	  
	 10.06.
	 	 Successors and Assigns.
	  	 	94	  
	 10.07.
	 	 Treatment of Certain Information; Confidentiality.
	  	 	99	  
	 10.08.
	 	 Right of Setoff.
	  	 	100	  
	 10.09.
	 	 Interest Rate Limitation.
	  	 	101	  
	 10.10.
	 	 Counterparts; Integration; Effectiveness.
	  	 	101	  
	 10.11.
	 	 Survival of Representations and Warranties.
	  	 	101	  
	 10.12.
	 	 Severability.
	  	 	102	  
	 10.13.
	 	 Replacement of Lenders.
	  	 	102	  
	 10.14.
	 	 Governing Law; Jurisdiction; Etc.
	  	 	103	  
	 10.15.
	 	 Waiver of Jury Trial.
	  	 	104	  
	 10.16.
	 	 No Advisory or Fiduciary Responsibility.
	  	 	104	  
	 10.17.
	 	 Electronic Execution of Assignments and Certain Other Documents.
	  	 	105	  
	 10.18.
	 	 USA PATRIOT ACT NOTICE.
	  	 	105	  
	 10.19.
	 	 Acknowledgement and Consent to Bail-In of EEA Financial Institutions.
	  	 	105	  

  
 iv 

 SCHEDULES 
  

			
	1.01	  	Consolidated EBITDA Add-backs
	2.01	  	Commitments and Applicable Percentages
	5.13	  	Material Subsidiaries
	5.17	  	Taxpayer Identification Number
	7.01	  	Liens
	7.02	  	Indebtedness
	10.02	  	Administrative Agent’s Office; Certain Addresses for Notices

 EXHIBITS 
  

			
		  	Form of
		
	2.02	  	Committed Loan Notice
	2.04	  	Swing Line Loan Notice
	2.11	  	Note
	3.01	  	U.S. Tax Compliance Certificates
	6.02	  	Compliance Certificate
	10.06	  	Assignment and Assumption

  
 i 

 AMENDED AND RESTATED 

CREDIT AGREEMENT 
 This AMENDED
AND RESTATED CREDIT AGREEMENT (“Agreement”) is entered into as of September 23, 2016, among ANALOG DEVICES, INC., a Massachusetts corporation (the “Borrower”), each lender from time to time party hereto
(collectively, the “Lenders” and individually, a “Lender”), and BANK OF AMERICA, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer. 

WHEREAS, the Borrower, the lenders party thereto and Bank of America, N.A., as Administrative Agent, L/C Issuer and Swing Line Lender, have
entered into that certain Amended and Restated Credit Agreement dated as of July 10, 2015 (as amended or modified from time to time prior to the date hereof, the “Existing Credit Agreement”); 

WHEREAS, the Borrower has entered into an Agreement and Plan of Merger dated as of July 26, 2016 (as the same may be amended, supplemented or
otherwise modified from time to time in accordance with the provisions hereof and thereof, the “Merger Agreement”) with Tahoe Acquisition Corp., a Delaware corporation and Wholly Owned Subsidiary of the Borrower (“Merger
Sub”), and Linear Technology Corporation, a Delaware corporation (the “Company”), pursuant to which, on the terms and conditions set forth therein, Merger Sub will merge with and into the Company
(the “Merger”), with the Company surviving the Merger as a Wholly Owned Subsidiary of the Borrower (the “Acquisition”); and 

WHEREAS, in connection with the Acquisition and related transactions, the Borrower, the Administrative Agent and certain lenders have entered
into the Amendment and Restatement Agreement (as defined below) pursuant to which the Existing Credit Agreement shall be amended and restated, upon the satisfaction of the applicable conditions set forth therein, (a) initially, in the form of
this Agreement and (b) on the Acquisition Closing Date, as further provided in the Amendment and Restatement Agreement. 
 In consideration
of the mutual covenants and agreements herein contained, the parties hereto covenant and agree as follows: 
 ARTICLE I. 

DEFINITIONS AND ACCOUNTING TERMS 
  

	1.01.	Defined Terms. 

 As used in this Agreement, the following terms shall have the meanings
set forth below: 
 “90-Day Bridge Facility” means the 90-day senior unsecured bridge term loan facility established
pursuant to the Bridge Commitment Letter. 
 “364-Day Bridge Facility” means the 364-day senior unsecured bridge term loan
facility established pursuant to the Bridge Commitment Letter. 
 “Acquisition” has the meaning specified in the recitals
hereto. 

 “Acquisition Closing Date” means the closing date of the Acquisition. 

“Acquisition Transactions” means, collectively, (a) the Acquisition, (b) the execution, delivery and performance of the
definitive documentation for the Bridge Facilities and the Term Loan Facilities and the borrowing of loans thereunder and (c) the payment of fees and expenses, and any costs associated with refinancing indebtedness of the Company or its
subsidiaries, incurred in connection with the foregoing and the Transactions. 
 “Additional Commitment Lender” has the
meaning specified in Section 2.14(d). 
 “Administrative Agent” means Bank of America in its capacity as
administrative agent under the Loan Documents, or any successor administrative agent. 
 “Administrative Agent’s
Office” means the Administrative Agent’s address and, as appropriate, account as set forth on Schedule 10.02 or such other address or account as the Administrative Agent may from time to time notify to the
Borrower and the Lenders. 
 “Administrative Questionnaire” means an Administrative Questionnaire in a form supplied by the
Administrative Agent. 
 “Affiliate” means, with respect to any Person, another Person that directly, or indirectly through
one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 
 “Agent Fee
Letter” means the fee letter agreement, dated as of June 12, 2015, among the Borrower, Administrative Agent and MLPFS. 

“Agent Parties” has the meaning specified in Section 10.02(c). 

“Aggregate Commitments” means the Commitments of all the Lenders. 

“Agreement” means this Amended and Restated Credit Agreement, as amended, modified or supplemented from time to time. 

“Amendment and Restatement Agreement” means the Amendment and Restatement Agreement dated as of September 23, 2016 among
the Borrower, the Administrative Agent and the Lenders and Commitment Increase Participants (as defined therein) party thereto. 

“Anti-Corruption Laws” has the meaning specified in Section 5.20. 

“Applicable Anniversary Date” has the meaning specified in Section 2.14(a). 

“Applicable Percentage” means with respect to any Lender at any time, the percentage (carried out to the ninth decimal place)
of the Aggregate Commitments represented by such Lender’s Commitment at such time, subject to adjustment as provided in Section 2.17. If the commitment of each Lender to make Loans and the obligation of each L/C Issuer to make L/C
Credit Extensions have been terminated pursuant to Section 8.02 or if the Aggregate Commitments have expired, then the Applicable Percentage of each Lender shall be determined

  
 2 

 
based on the Applicable Percentage of such Lender most recently in effect, giving effect to any subsequent assignments. The initial Applicable Percentage of each Lender is set forth opposite
the name of such Lender on Schedule 2.01 or in the Assignment and Assumption or other agreement pursuant to which such Lender becomes a party hereto, as applicable. 

“Applicable Rate” means, from time to time, the following percentages per annum, based upon the Borrower’s current Debt
Rating: 
  

															
	 Pricing Level
	  	Debt Rating	  	Facility
Fee	 	 	Applicable
Margin for
Eurodollar
Rate Loans
and Letter
of Credit
Fees	 	 	Applicable
Margin for
Base Rate
Loans	 
	 I
	  	>A+/A1	  	 	0.060	% 	 	 	0.690	% 	 	 	0.000	% 
	 II
	  	A/A2	  	 	0.080	% 	 	 	0.795	% 	 	 	0.000	% 
	 III
	  	A-/A3	  	 	0.100	% 	 	 	0.900	% 	 	 	0.000	% 
	 IV
	  	BBB+/Baa1	  	 	0.125	% 	 	 	1.000	% 	 	 	0.000	% 
	 V
	  	BBB/Baa2	  	 	0.150	% 	 	 	1.100	% 	 	 	0.100	% 
	 VI
	  	BBB-/Baa3	  	 	0.200	% 	 	 	1.175	% 	 	 	0.175	% 
	 VII
	  	<BB+/Ba1
or unrated	  	 	0.250	% 	 	 	1.375	% 	 	 	0.375	% 

 Each change in the Applicable Rate resulting from a publicly announced change in the Debt Rating shall be effective, in
the case of an upgrade, during the period commencing on the date of delivery by the Borrower to the Administrative Agent of notice thereof pursuant to Section 6.03(c) and ending on the date immediately preceding
the effective date of the next such change and, in the case of a downgrade, during the period commencing on the date of the public announcement thereof and ending on the date immediately preceding the effective date of the next such
change. If the Debt Ratings differ by one level, then the Pricing Level for the higher of such Debt Ratings shall apply (with the Debt Rating for Pricing Level I being the highest and the Debt Rating for Pricing Level VII being the
lowest). If there is a split in Debt Ratings of more than one level, then the Pricing Level that is one level lower than the Pricing Level of the higher Debt Rating shall apply. If the Borrower has only one Debt Rating, the Pricing Level
that is one level lower than that of such Debt Rating shall apply. If the Borrower does not have any Debt Rating, Pricing Level VII shall apply. 

“Approved Fund” means any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or
(c) an entity or an Affiliate of an entity that administers or manages a Lender. 
 “Arrangers” means the Persons
named as joint lead arrangers and joint bookrunners on the cover page of this Agreement, acting in such capacities. 
 “Assignment
and Assumption” means an assignment and assumption entered into by a Lender and an Eligible Assignee (with the consent of any party whose consent is required by Section 10.06(b)), and accepted by the Administrative
Agent, in substantially the form of Exhibit 10.06 or any other form (including electronic documentation generated by MarkitClear or other electronic platform) approved by the Administrative Agent and reasonably acceptable
to the Borrower. 

  
 3 

 “Attributable Indebtedness” means, on any date, (a) in respect of any
capital lease of any Person, the capitalized amount thereof that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP, and (b) in respect of any Synthetic Lease Obligation, the capitalized amount of
the remaining lease payments under the relevant lease that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP if such lease were accounted for as a capital lease. 

“Audited Financial Statements” means the audited consolidated balance sheet of the Borrower and its Subsidiaries for the
fiscal year ended October 31, 2015, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year of the Borrower and its Subsidiaries, including the notes thereto. 

“Auto-Extension Letter of Credit” has the meaning specified in Section 2.03(b)(iii). 

“Availability Period” means the period from and including the Initial Closing Date to the earliest of (a) the Maturity
Date, (b) the date of termination of the Aggregate Commitments pursuant to Section 2.06, and (c) the date of termination of the commitment of each Lender to make Loans and of the obligation of each L/C Issuer to
make L/C Credit Extensions pursuant to Section 8.02. 
 “Bail-In Action” means the exercise of
any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. 

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

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

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

“Base Rate Loan” means a Loan that bears interest based on the Base Rate. 

  
 4 

 “Borrower” has the meaning specified in the introductory paragraph hereto. 

“Borrower Materials” has the meaning specified in Section 6.02. 

“Borrowing” means a Committed Borrowing or a Swing Line Borrowing, as the context may require. 

“Bridge Commitment Letter” means the commitment letter dated July 26, 2016, among the Borrower, the Arrangers and certain
Affiliates of the Arrangers, providing for bridge term loan facilities in an aggregate principal amount of $11,600,000,000, as amended or supplemented from time to time. 

“Bridge Facilities” means the 90-Day Bridge Facility and the 364-Day Bridge Facility. 

“Business Day” means any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close
under the Laws of, or are in fact closed in, the state where the Administrative Agent’s Office is located and if such day relates to any Eurodollar Rate Loan, means any such day that is also a London Banking Day. 

“Cash Collateralize” means to pledge and deposit with or deliver to the Administrative Agent, for the benefit of one or more
of the L/C Issuers or the Lenders, as collateral for L/C Obligations or obligations of the Lenders to fund participations in respect of L/C Obligations, cash or deposit account balances or other credit support reasonably satisfactory to the
Administrative Agent and the applicable L/C Issuer, in each case pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent and the applicable L/C Issuer. “Cash Collateral” shall have a
meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support. 
 “Change in
Law” means the occurrence, after the Initial Closing Date, of any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration,
interpretation, implementation or application thereof by any Governmental Authority or (c) the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided
that, notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules,
guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel
III, shall in each case be deemed to be a “Change in Law”, regardless of the date enacted, adopted or issued. 

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

(a) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the
Securities Exchange Act of 1934, but excluding any employee benefit plan of such person or its subsidiaries, and any person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan) becomes the
“beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Securities Exchange Act of 1934, 

  
 5 

 
except that a person or group shall be deemed to have “beneficial ownership” of all securities that such person or group has the right to acquire, whether such right is exercisable
immediately or only after the passage of time (such right, an “option right”), directly or indirectly, of 40% or more of the equity securities of the Borrower entitled to vote for members of the board of directors or equivalent
governing body of the Borrower on a fully-diluted basis (and taking into account all such securities that such person or group has the right to acquire pursuant to any option right); or 

(b) the board of directors of the Borrower shall cease to consist of a majority of Continuing Directors. 

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

“Commitment” means, as to each Lender, its obligation to (a) make Committed Loans to the Borrower pursuant to
Section 2.01, (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth
opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with
this Agreement. The aggregate amount of the Commitments on the Restatement Effective Date is SEVEN HUNDRED AND FIFTY MILLION DOLLARS ($750,000,000). 

“Committed Borrowing” means a borrowing consisting of simultaneous Committed Loans of the same Type and, in the case of
Eurodollar Rate Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01. 

“Committed Loan” has the meaning specified in Section 2.01. 

“Committed Loan Notice” means a notice of (a) a Committed Borrowing, (b) a conversion of Committed Loans from one Type to the
other, or (c) a continuation of Eurodollar Rate Loans, pursuant to Section 2.02(a), which shall be substantially in the form of Exhibit 2.02 or such other form as may be approved by the Administrative Agent (including any form on
an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the Borrower. 

“Company” has the meaning specified in the recitals hereto. 

“Compliance Certificate” means a certificate substantially in the form of Exhibit 6.02. 

“Consolidated EBITDA” means, for any period, for the Borrower and its Subsidiaries on a consolidated basis, an amount equal
to Consolidated Net Income for such period plus (a) the following to the extent deducted in calculating such Consolidated Net Income and without duplication: (i) Consolidated Interest Charges for such period, (ii) the
provision for federal, state, local and foreign income Taxes payable by the Borrower and its Subsidiaries for such period, (iii) depreciation and amortization expense for such period, (iv) non-cash stock-based compensation expense for such
period, (v) certain non-recurring expenses of the Borrower and its Subsidiaries incurred prior to the Restatement Effective Date, as more fully set forth on Schedule 1.01, for such period, and non-recurring cash
expenses relating to pension liabilities 

  
 6 

 
incurred after the Initial Closing Date, in an aggregate amount not to exceed $300,000,000, (vi) non-recurring expenses (whether or not separately
identified on the profit and loss statement) of the Borrower and its Subsidiaries reducing such Consolidated Net Income which do not represent a cash item in such period or any future period, (vii) non-recurring cash expenses (whether or not
separately identified on the profit and loss statement) of the Borrower and its Subsidiaries reducing such Consolidated Net Income to the extent such cash expenses are not paid in such period but will be paid in a future period (it being understood
that such non-recurring cash expenses will reduce Consolidated EBITDA, but only when paid), (viii) fees and expenses in connection with the Transactions, and (ix) merger and integration costs in connection with the Transactions minus
(b) to the extent included in calculating such Consolidated Net Income, all non-recurring non-cash items increasing Consolidated Net Income for such period, all as determined in accordance with GAAP. 

“Consolidated EBITDA Adjustments” means, (a) in connection with any Person (including the Company) acquired by the Borrower
or any of its Subsidiaries or any other assets acquired by the Borrower or any of its Subsidiaries during the applicable four fiscal quarter measurement period for purposes of Section 7.07, in each case where there exist historical financial
statements with respect thereto or the Borrower provides internally prepared separate financial statements to the Administrative Agent with respect to such Person or assets (such statements to be reasonably acceptable to the Administrative Agent),
Consolidated EBITDA shall be calculated, without duplication, on a pro forma basis as if such Person or assets had been acquired on the first day of such four fiscal quarter period, (b) in connection with any Person disposed of by the Borrower
or any of its Subsidiaries or any other assets disposed of by the Borrower or any of its Subsidiaries during the applicable four fiscal quarter measurement period for purposes of Section 7.07, in each case to the extent there exist
historical financial statements with respect to such Person or assets or the Borrower provides (or, upon the request of the Administrative Agent, can reasonably provide) internally prepared separate financial statements to the Administrative Agent
with respect to such Person or assets (such statements to be reasonably acceptable to the Administrative Agent), Consolidated EBITDA shall be calculated, without duplication, on a pro forma basis as if such Person or assets had been disposed of on
the first day of such four fiscal quarter period and (c) any pro forma calculation of Consolidated EBITDA pursuant to the preceding clause (a) or (b) may include, without duplication, operating expense reductions, other operating
improvements, synergies or operational changes or restructurings reasonably expected to result from the Transactions or any other applicable pro forma event, in each case in the 12-month period following the consummation of the Transactions or such
other applicable pro forma event, as determined in the reasonable good faith determination of the Borrower and set forth in an officer’s certificate; provided that any addbacks related to any applicable pro forma events (other than pro
forma events related to the Transactions) shall not in the aggregate exceed 15% of Consolidated EBITDA in any 12-month period. 

“Consolidated Funded Indebtedness” means, as of any date of determination with respect to the Borrower and its Subsidiaries
on a consolidated basis, without duplication, (a) the sum of: (i) all obligations for borrowed money, whether current or long-term (including the Obligations) and all obligations evidenced by bonds, debentures, notes, loan agreements or other
similar instruments; (ii) all purchase money Indebtedness; (iii) all obligations (direct or contingent) arising in respect of letters of credit, whether standby or commercial, (other than commercial 

  
 7 

 
letters of credit issued in the ordinary course of business to the extent there is no overdue reimbursement obligation in respect thereof), bankers’ acceptances, bank guaranties, surety
bonds and similar instruments; (iv) all obligations in respect of the deferred purchase price of property or services (other than trade accounts payable in the ordinary course of business); (v) all Attributable Indebtedness; (vi) all Guarantees with
respect to Indebtedness of the types specified in clauses (i) through (v) above of another Person; and (vii) all Indebtedness of the types referred to in clauses (i) through (vi) above of any partnership or joint venture
(other than a joint venture that is itself a corporation or limited liability company) in which the Borrower or any Subsidiary is a general partner or joint venturer, except to the extent that Indebtedness is expressly made non-recourse to such
Person, minus (b) the lesser of (i) the aggregate amount of Unrestricted Cash of the Borrower on such date consisting of the net cash proceeds of any debt securities issued by the Borrower or any Subsidiary after July 26, 2016 and prior to
the Acquisition Closing Date or earlier termination of the Merger Agreement to finance the Acquisition and (ii) the aggregate principal amount of such debt securities as of such date. 

“Consolidated Interest Charges” means, for any period, for the Borrower and its Subsidiaries on a consolidated basis, the sum
of (a) all interest, premium payments, debt discount, fees, charges and related expenses of the Borrower and its Subsidiaries in connection with borrowed money (including capitalized interest) or in connection with the deferred purchase price
of assets, in each case to the extent treated as interest in accordance with GAAP, and (b) the portion of rent expense of the Borrower and its Subsidiaries with respect to such period under capital leases that is treated as interest in
accordance with GAAP. 
 “Consolidated Leverage Ratio” means, as of the last day of any fiscal quarter, the ratio of (a)
Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for the period of the four fiscal quarters ended on such date, subject to Consolidated EBITDA Adjustments. 

“Consolidated Net Income” means, for any period, for the Borrower and its Subsidiaries on a consolidated basis, the net
income of the Borrower and its Subsidiaries (excluding extraordinary gains and extraordinary losses) for that period, in each case as determined in accordance with GAAP. 

“Consolidated Tangible Assets” means, at any time, the consolidated tangible assets of the Borrower and its Subsidiaries, as
determined in accordance with GAAP. 
 “Continuing Directors” means the directors of the Borrower on the Restatement
Effective Date, and each other director whose election by the board of directors of the Borrower or whose nomination for election by the stockholders of the Borrower was approved by a vote of at least a majority of the directors who were either
directors of the Borrower on the Restatement Effective Date or whose election or nomination for election was previously so approved by directors who were Continuing Directors (in each case, such approval either by a specific vote or by approval of
the Borrower’s proxy statement in which such director was named as a nominee for election as a director). 

  
 8 

 “Contractual Obligation” means, as to any Person, any provision of any security
issued by such Person or of any agreement, instrument or other undertaking to which such Person is a party or by which it or any of its property is bound. 

“Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or
policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto. 

“Credit Extension” means each of the following: (a) a Borrowing and (b) an L/C Credit Extension. 

“CS Fee Letter” means the fee letter agreement, dated as of June 12, 2015, among the Borrower, Credit Suisse AG, Cayman
Islands Branch and Credit Suisse Securities (USA) LLC. 
 “Debt Rating” means, as of any date of determination, the rating
as determined by S&P and Moody’s (collectively, the “Debt Ratings”) of the Borrower’s non-credit-enhanced, senior unsecured long-term debt. 
 “Debtor Relief Laws” means the Bankruptcy Code of the United States,
and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable
jurisdictions from time to time in effect and affecting the rights of creditors generally. 
 “Default” means any event or
condition that constitutes an Event of Default or that, with the giving of any notice, the passage of time, or both, would be an Event of Default. 

“Default Rate” means (a) when used with respect to Obligations other than Letter of Credit Fees, an interest rate equal
to (i) the Base Rate plus (ii) the Applicable Rate, if any, applicable to Base Rate Loans plus (iii) 2% per annum; provided, however, that with respect to a Eurodollar Rate Loan, the Default Rate shall be an
interest rate equal to the interest rate (including any Applicable Rate) otherwise applicable to such Loan plus 2% per annum, in each case to the fullest extent permitted by applicable Laws, and (b) when used with respect to Letter of Credit
Fees, a rate equal to the Applicable Rate for Letters of Credit plus 2% per annum. 
 “Defaulting Lender” means, subject to
Section 2.17(b), any Lender that (a) has failed to (i) fund all or any portion of its Committed Loans within two Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies the Administrative Agent
and the Borrower in writing that such failure is the result of such Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically
identified in such writing) has not been satisfied, or (ii) pay to the Administrative Agent, an L/C Issuer, the Swing Line Lender or any other Lender any other amount required to be paid by it hereunder (including in respect of its participation in
Letters of Credit or Swing Line Loans) within two Business Days of the date when due, (b) has notified the Borrower, the Administrative Agent, an L/C Issuer or the Swing Line Lender in writing that it does not intend to comply with its funding
obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to 

  
 9 

 
such Lender’s obligation to fund a Committed Loan hereunder and states that such position is based on such Lender’s determination that a condition precedent to funding (which condition
precedent, together with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within three Business Days after written request by the Administrative Agent or the
Borrower, to confirm in writing to the Administrative Agent and the Borrower that it will comply with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause
(c) upon receipt of such written confirmation by the Administrative Agent and the Borrower), or (d) has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law or any Bail-In
Action, or (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal
Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any Equity Interests in
that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the
enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the
Administrative Agent that a Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above, and of the effective date of such status, shall be conclusive and binding absent manifest error, and such Lender shall be
deemed to be a Defaulting Lender (subject to Section 2.17(b)) as of the date established therefor by the Administrative Agent in a written notice of such determination, which shall be delivered by the Administrative Agent to the Borrower,
each L/C Issuer, the Swing Line Lender and each other Lender promptly following such determination. 
 “Designated
Jurisdiction” means any country or territory to the extent that such country or territory is the subject of any Sanction. 

“Disposition” or “Dispose” means the sale, transfer, license, lease or other disposition (including any sale
and leaseback transaction) of property of any Person, including any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights and claims associated therewith. 

“Dollar” and “$” mean lawful money of the United States. 

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

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

  
 10 

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

“Eligible Assignee” means any Person that meets the requirements to be an assignee under
Section 10.06(b)(iii) and (v) (subject to such consents, if any, as may be required under Section 10.06(b)(iii)). 

“Environmental Laws” means any and all applicable federal, state, local, foreign and other applicable statutes, laws,
regulations, ordinances, rules, judgments, orders, decrees, permits, concessions, grants, franchises, governmental licenses, governmental agreements or governmental restrictions relating to pollution or the protection of the environment or the
release of any materials into the environment, including those related to hazardous substances or wastes, air emissions and discharges to waste or public systems. 

“Environmental Liability” means any liability, contingent or otherwise (including any liability for damages, costs of
environmental remediation, fines, penalties or indemnities), of the Borrower or any of its Subsidiaries directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use, handling,
transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment or (e) any contract, agreement
or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 
 “Equity
Interests” means, with respect to any Person, all of the shares of capital stock of (or other ownership or profit interests in) such Person, all of the warrants, options or other rights for the purchase or acquisition from such Person of
shares of capital stock of (or other ownership or profit interests in) such Person or warrants, rights or options for the purchase or acquisition from such Person of such shares (or such other interests), and all of the other ownership or profit
interests in such Person (including partnership, member or trust interests therein), whether voting or nonvoting, and whether or not such shares, warrants, options, rights or other interests are outstanding on any date of determination. 

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

“ERISA Affiliate” means any trade or business (whether or not incorporated) under common control with the Borrower within the
meaning of Section 414(b) or (c) of the Code (and Sections 414(m) and (o) of the Code for purposes of provisions relating to Section 412 of the Code). 

“ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b) a withdrawal by the Borrower or any
ERISA Affiliate from a Pension Plan subject to Section 4063 of ERISA during a plan year in which it was a substantial employer (as defined in Section 4001(a)(2) of ERISA) or a cessation of operations that is treated as such a withdrawal
under Section 4062(e) of ERISA; (c) a complete or partial withdrawal by the Borrower or any ERISA Affiliate from a Multiemployer Plan or notification that a Multiemployer Plan is in reorganization; (d) the filing of a notice of
intent to terminate, the treatment of a Pension Plan 

  
 11 

 
amendment as a termination under Section 4041 or 4041A of ERISA, or the institution by the PBGC of proceedings to terminate a Pension Plan; (e) any event or condition which constitutes
grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan; (f) the imposition of any liability under Title IV of ERISA, other than for PBGC premiums due but not delinquent
under Section 4007 of ERISA, upon the Borrower or any ERISA Affiliate; or (g) the determination that any Pension Plan is considered an at-risk plan or a plan in endangered or critical status within the meaning of Sections 430, 431 and 432 of
the Code or Sections 303, 304 and 305 of ERISA. 
 “Eurodollar Rate” means: 

(a) for any Interest Period with respect to a Eurodollar Rate Loan, the rate per annum equal to the London Interbank Offered
Rate (“LIBOR”), as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) at approximately 11:00
a.m., London time, two Business Days prior to the commencement of such Interest Period, for Dollar deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period and, if such rate is unavailable, a
comparable or successor rate which rate is approved by the Administrative Agent; and if the Eurodollar Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement; and 

(b) for any interest calculation with respect to a Base Rate Loan on any date, the rate per annum equal to LIBOR, at or about
11:00 a.m., London time, determined two Business Days prior to such date for Dollar deposits with a term of one month commencing that day; 

provided that to the extent a comparable or successor rate is approved by the Administrative Agent in connection herewith, the approved
rate shall be applied in a manner consistent with market practice; provided, further that to the extent such market practice is not administratively feasible for the Administrative Agent, such approved rate shall be applied in a manner as otherwise
reasonably determined by the Administrative Agent.
 “Eurodollar Rate Loan” means a Loan that bears interest at a rate
based on clause (a) of the definition of “Eurodollar Rate”. 
 “Eurodollar Reserve Percentage” means, for
any day, the reserve percentage (expressed as a decimal, carried out to five decimal places) in effect on such day, whether or not applicable to any Lender, under regulations issued from time to time by the FRB for determining the maximum reserve
requirement (including any emergency, supplemental or other marginal reserve requirement) with respect to Eurocurrency funding (currently referred to as “Eurocurrency liabilities”). The Eurodollar Rate for each outstanding Eurodollar
Rate Loan and for each outstanding Base Rate Loan the interest on which is determined by reference to the Eurodollar Rate, in each case, shall be adjusted automatically as of the effective date of any change in the Eurodollar Reserve Percentage.

  
 12 

 “EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule
published by the Loan Market Association (or any successor person), as in effect from time to time. 
 “Event of Default”
has the meaning specified in Section 8.01. 
 “Excluded Taxes” means any of the following Taxes
imposed on or with respect to any Recipient or required to be withheld or deducted from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i)
imposed as a result of such Recipient being organized under the laws of, or having its principal office or, in the case of any Lender, its Lending Office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii)
that are Other Connection Taxes, (b) in the case of a Lender, U.S. Federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a law in effect
on the date on which (i) such Lender acquires such interest in the Loan or Commitment (other than pursuant to an assignment request by the Borrower under Section 10.13) or (ii) such Lender changes its Lending Office, except in each case to
the extent that pursuant to Section 3.01, amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed its Lending
Office, (c) Taxes attributable to such Recipient’s failure to comply with Section 3.01(e) and (d) any U.S. federal withholding Taxes imposed under FATCA. 

“Existing Credit Agreement” has the meaning specified in the recitals to this Agreement. 

“Existing Maturity Date” has the meaning specified in Section 2.14(a). 

“Extending Lender” has the meaning specified in Section 2.14(e). 

“Facility Fee” has the meaning specified in Section 2.09(a). 

“FATCA” means Sections 1471 through 1474 of the Code, as of the Restatement Effective Date (or any amended or successor
version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof and any agreements entered into pursuant to Section 1471 (b) (1) of the Code. 

“Federal Funds Rate” means, for any day, the rate per annum equal to the weighted average of the rates on overnight federal
funds transactions with members of the Federal Reserve System on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that (a) if such day is not a Business Day, the
Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, (b) if no such rate is so published on such next succeeding Business Day, the
Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to Bank of America on such day on such transactions as determined by the Administrative Agent and (c) if such rate
shall be less than zero, such rate shall be deemed to be zero for all purposes of this Agreement. 

  
 13 

 “Fee Letters” means the Agent Fee Letter, the JPM Fee Letter, the CS Fee Letter
and the MUFG Fee Letter. 
 “Foreign Lender” means any Lender that is not a U.S Person. 

“FRB” means the Board of Governors of the Federal Reserve System of the United States. 

“Fronting Exposure” means, at any time there is a Defaulting Lender, (a) with respect to an L/C Issuer, such Defaulting
Lender’s Applicable Percentage of the outstanding L/C Obligations other than L/C Obligations as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the
terms hereof and (b) with respect to the Swing Line Lender, such Defaulting Lender’s Applicable Percentage of Swing Line Loans other than Swing Line Loans as to which such Defaulting Lender’s participation obligation has been reallocated
to other Lenders or Cash Collateralized, in each case, in accordance with the terms hereof. 
 “Fund” means any Person
(other than a natural Person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its activities. 

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

“Governmental Authority” means the government of the United States or any other nation, or of any political subdivision
thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining
to government (including any supra-national bodies such as the European Union or the European Central Bank). 

“Guarantee” means, as to any Person, (a) any obligation, contingent or otherwise, of such Person guaranteeing any
Indebtedness or other monetary obligation payable by another Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of such Person, direct or indirect, (i) to purchase or pay (or
advance or supply funds for the purchase or payment of) such Indebtedness or other monetary obligation, (ii) to purchase or lease property, securities or services for the purpose of assuring the obligee in respect of such Indebtedness or other
monetary obligation of the payment of such Indebtedness or other monetary obligation, (iii) to maintain working capital, equity capital or any other financial statement condition or liquidity or level of income or cash flow of the primary
obligor so as to enable the primary obligor to pay such Indebtedness or other monetary obligation, or (iv) entered into for the purpose of assuring in any other manner the obligee in respect of such Indebtedness or other monetary obligation of
the payment thereof or to protect such obligee against loss in 

  
 14 

 
respect thereof (in whole or in part), or (b) any Lien on any assets of such Person securing any Indebtedness or other monetary obligation of any other Person, whether or not such
Indebtedness or other monetary obligation is assumed by such Person (or any right, contingent or otherwise, of any holder of such Indebtedness to obtain any such Lien). The amount of any Guarantee shall be deemed to be an amount equal to the
stated or determinable amount of the related primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by the
guaranteeing Person in good faith. The term “Guarantee” as a verb has a corresponding meaning. 
 “Hazardous
Materials” means all explosive or radioactive substances or wastes and all hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum distillates, asbestos or
asbestos-containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes of any nature regulated pursuant to any Environmental Law. 

“Honor Date” has the meaning specified in Section 2.03(c). 

“Impacted Loans” has the meaning specified in Section 3.03. 

“Increase Effective Date” has the meaning specified in Section 2.15(d). 

“Indebtedness” means, as to any Person at a particular time, without duplication, all of the following, whether or not
included as indebtedness or liabilities in accordance with GAAP: 
 (a) all obligations of such Person for borrowed money and
all obligations of such Person evidenced by bonds, debentures, notes, loan agreements or other similar instruments; 
 (b)
all direct or contingent obligations of such Person arising in respect of letters of credit (including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments; 

(c) net obligations of such Person under any Swap Contract; 

(d) all obligations of such Person to pay the deferred purchase price of property or services (other than (i) trade accounts
payable in the ordinary course of business and (ii) earnouts or other earned deferred payment obligations measured in whole or in part by events or performance occurring after the purchase, to the extent such obligations have not yet been recorded
as liabilities on the consolidated balance sheet of such Person); 
 (e) indebtedness (excluding prepaid interest thereon)
secured by a Lien on property owned or being purchased by such Person (including indebtedness arising under conditional sales or other title retention agreements), whether or not such indebtedness shall have been assumed by such Person or is limited
in recourse; 
 (f) capital leases and Synthetic Lease Obligations; 

  
 15 

 (g) all obligations of such Person to purchase, redeem, retire, defease or
otherwise make any payment in respect of any Equity Interest in such Person or any other Person, valued, in the case of a redeemable preferred interest, at the greater of its voluntary or involuntary liquidation preference plus accrued and unpaid
dividends; and 
 (h) all Guarantees of such Person in respect of any of the foregoing. 

For all purposes hereof, the Indebtedness of any Person shall include the Indebtedness of any partnership or joint venture (other than a joint venture that is
itself a corporation or limited liability company) in which such Person is a general partner or a joint venturer, unless such Indebtedness is expressly made non-recourse to such Person. The amount of any
net obligation under any Swap Contract on any date shall be deemed to be the Swap Termination Value thereof as of such date. The amount of any capital lease or Synthetic Lease Obligation as of any date shall be deemed to be the amount of
Attributable Indebtedness in respect thereof as of such date. 
 “Indemnified Taxes” means (a) Taxes, other than Excluded
Taxes, imposed on or with respect to any payment made by or on account of any obligation of the Borrower under any Loan Document and (b) to the extent not otherwise described in (a), Other Taxes. 

“Indemnitee” has the meaning specified in Section 10.04(b). 

“Information” has the meaning specified in Section 10.07. 

“Initial Closing Date” means July 10, 2015. 

“Initial Subsidiary Borrower” means Analog Devices Technology, a company incorporated under the laws of the Republic of
Ireland, a Bermuda tax resident as of the Restatement Effective Date, and a Wholly Owned Subsidiary of the Borrower. 
 “Interest
Payment Date” means, (a) as to any Loan other than a Base Rate Loan, the last day of each Interest Period applicable to such Loan and the Maturity Date; provided, however, that if any Interest Period for a Eurodollar Rate
Loan exceeds three months, the respective dates that fall every three months after the beginning of such Interest Period shall also be Interest Payment Dates; and (b) as to any Base Rate Loan (including a Swing Line Loan), the last Business Day
of each March, June, September and December and the Maturity Date. 
 “Interest Period” means, as to each Eurodollar
Rate Loan, the period commencing on the date such Eurodollar Rate Loan is disbursed or converted to or continued as a Eurodollar Rate Loan and ending on the date one, two, three or six months thereafter, as selected by the Borrower in its Committed
Loan Notice or such other period that is twelve months or less requested by the Borrower and consented to by all the Lenders; provided that: 

(a) any Interest Period that would otherwise end on a day that is not a Business Day shall be extended to the next succeeding
Business Day unless such Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding Business Day; 

  
 16 

 (b) any Interest Period that begins on the last Business Day of a calendar month
(or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end of such Interest Period; and 

(c) no Interest Period shall extend beyond the Maturity Date. 

“IRS” means the United States Internal Revenue Service. 

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

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

“JPM Fee Letter” means the fee letter agreement, dated as of June 12, 2015, among the Borrower, JPMorgan Chase Bank, N.A. and
J.P. Morgan Securities LLC. 
 “Laws” means, collectively, all international, foreign, federal, state and local statutes,
treaties, rules, guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement, interpretation
or administration thereof, and all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority (other than agreements consisting of contracts with Governmental
Authorities entered into by a Person in the ordinary course of business), in each case whether or not having the force of law. 

“L/C Advance” means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in
accordance with its Applicable Percentage. 
 “L/C Borrowing” means an extension of credit resulting from a drawing under
any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Committed Borrowing. 
 “L/C
Commitment” means, as to each L/C Issuer, its obligation to issue Letters of Credit for the Borrower pursuant to Section 2.03 in an aggregate principal amount at any one time outstanding equal to $18,750,000 or such greater or
lesser amount as such L/C Issuer and the Borrower may agree to from time to time (without the consent of the Administrative Agent or any other Lender); provided that the L/C Commitment for any L/C Issuer cannot exceed the Letter of Credit
Sublimit. 
 “L/C Credit Extension” means, with respect to any Letter of Credit, the issuance thereof or extension of the
expiry date thereof, or the increase of the amount thereof. 

  
 17 

 “L/C Issuer” means Bank of America, JPMorgan Chase Bank, N.A., Credit Suisse AG,
Cayman Islands Branch, and The Bank of Tokyo-Mitsubishi UFJ, Ltd., each in its capacity as an issuer of Letters of Credit or any successor issuer of Letters of Credit hereunder. 

“L/C Obligations” means, as at any date of determination, the aggregate amount available to be drawn under all outstanding
Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in
accordance with Section 1.06. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of
Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn. 

“Lender” means each of the Persons identified as a “Lender” on Schedule 2.01 and their successors and
assigns and each Person that executes a lender joinder agreement or commitment agreement in accordance with Section 2.15(c) and, as the context requires, includes the Swing Line Lender. 

“Lending Office” means, as to any Lender, the office or offices of such Lender described as such in such Lender’s
Administrative Questionnaire, or such other office or offices as a Lender may from time to time notify the Borrower and the Administrative Agent. 

“Letter of Credit” means any standby letter of credit issued hereunder. 

“Letter of Credit Application” means an application and agreement for the issuance or amendment of a Letter of Credit in the
form from time to time in use by the applicable L/C Issuer. 
 “Letter of Credit Expiration Date” means the day that is
seven days prior to the Maturity Date then in effect (or, if such day is not a Business Day, the next preceding Business Day). 

“Letter of Credit Fee” has the meaning specified in Section 2.03(h). 

“Letter of Credit Sublimit” means an amount equal to the lesser of (a) $75,000,000 and (b) the Aggregate
Commitments. The Letter of Credit Sublimit is part of, and not in addition to, the Aggregate Commitments. 
 “Lien”
means any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge or other security interest or preferential arrangement in the nature of a security interest of any kind or nature whatsoever
(including any conditional sale or other title retention agreement, any easement, right of way or other encumbrance on title to real property, and any financing lease having substantially the same economic effect as any of the foregoing). 

“Loan” means an extension of credit by a Lender to the Borrower under Article II in the form of a
Committed Loan or a Swing Line Loan. 

  
 18 

 “Loan Documents” means the Amendment and Restatement Agreement, this Agreement,
each Note, each Issuer Document, any agreement creating or perfecting rights in Cash Collateral pursuant to the provisions of Section 2.16 of this Agreement and the Fee Letters. 

“London Banking Day” means any day on which dealings in Dollar deposits are conducted by and between banks in the London
interbank eurodollar market. 
 “Material Adverse Effect” means (a) a material adverse change in, or a material adverse
effect upon, the operations, business, assets, properties, liabilities (actual or contingent) or financial condition of the Borrower and its Subsidiaries, taken as a whole; (b) a material impairment of the rights and remedies of the Administrative
Agent or any Lender under this Agreement or the Loan Documents, taken as a whole, or the ability of the Borrower to perform its obligations under this Agreement or the Loan Documents, taken as a whole; or (c) a material adverse effect upon the
legality, validity, binding effect or enforceability against the Borrower of this Agreement or the Loan Documents, taken as a whole. 

“Material Subsidiary” means each Subsidiary now existing or hereafter acquired or formed, and each successor thereto,
together with its Subsidiaries on a consolidated basis, with respect to which any of the following criteria has been met: (a) the aggregate revenue generated by such Subsidiary and its Subsidiaries on a consolidated basis for the twelve month period
ending as of the most recently completed fiscal quarter of the Borrower equals or exceeds 5% of the consolidated gross revenues of the Borrower and its Subsidiaries for such period, (b) the Consolidated EBITDA attributable to such Subsidiary and its
Subsidiaries on a consolidated basis for the twelve month period ending as of the most recently completed fiscal quarter of the Borrower equals or exceeds 5% of Consolidated EBITDA for such period or (c) the aggregate book value of the assets of
such Subsidiary and its Subsidiaries on a consolidated basis as of the last day of the most recently completed fiscal quarter of the Borrower equals or exceeds 5% of the book value of all of the assets of the Borrower and its Subsidiaries as of the
last day of such period. 
 “Maturity Date” means the later of (a) July 10, 2020 and (b) if maturity is extended
pursuant to Section 2.14, such extended maturity date as determined pursuant to such Section; provided, however, that with respect to any Non-Extending Lender, its Maturity Date shall be the then applicable
Existing Maturity Date; provided further that, in each case, if such date is not a Business Day, the Maturity Date shall be the next preceding Business Day. 

“Maximum Rate” has the meaning specified in Section 10.09. 

“Merger” has the meaning specified in the recitals hereto. 

“Merger Agreement” has the meaning specified in the recitals hereto. 

“Merger Sub” has the meaning specified in the recitals hereto. 

“Minimum Collateral Amount” means, at any time, (a) with respect to Cash Collateral consisting of cash or deposit account
balances provided to reduce or eliminate Fronting Exposure during the existence of a Defaulting Lender, an amount equal to 100% of the Fronting Exposure of the applicable L/C Issuer with respect to Letters of Credit issued and outstanding at such
time, 

  
 19 

 
(b) with respect to Cash Collateral consisting of cash or deposit account balances provided in accordance with the provisions of Section 2.16(a)(i), (a)(ii) or (a)(iii), an
amount equal to 102% of the Outstanding Amount of all L/C Obligations, and (c) otherwise, an amount determined by the Administrative Agent and the applicable L/C Issuer in their sole discretion. 

“MLPFS” means Merrill Lynch, Pierce, Fenner & Smith Incorporated (or any other registered broker-dealer wholly-owned by
Bank of America Corporation to which all or substantially all of Bank of America Corporation’s or any of its subsidiaries’ investment banking, commercial lending services or related businesses may be transferred following the date of this
Agreement), in its capacity as a joint lead arranger and bookrunner. 
 “Moody’s” means Moody’s Investors
Service, Inc. and any successor thereto. 
 “MUFG Fee Letter” means the fee letter agreement, dated as of September 23,
2016, among the Borrower and The Bank of Tokyo-Mitsubishi UFJ, Ltd. 
 “Multiemployer Plan” means any employee benefit plan
described in Section 4001(a)(3) of ERISA, to which the Borrower or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding five plan years, has made or been obligated to make contributions. 

“Multiple Employer Plan” means a Pension Plan which has two or more contributing sponsors (including the Borrower or any
ERISA Affiliate) at least two of whom are not under common control, as such a plan is described in Section 4064 of ERISA. 

“Non-Consenting Lender” means any Lender that does not approve any consent, waiver or amendment that (a) requires the
approval of all Lenders or all affected Lenders in accordance with the terms of Section 10.01 and (b) has been approved by the Required Lenders. 

“Non-Defaulting Lender” means, at any time, each Lender that is not a Defaulting Lender at such time. 

“Non-Extending Lender” has the meaning specified in Section 2.14(b). 

“Non-Extension Notice Date” has the meaning specified in Section 2.03(b)(iii). 

“Note” means a promissory note made by the Borrower in favor of a Lender evidencing Loans made by such Lender to the
Borrower, substantially in the form of Exhibit 2.11. 
 “Notice Date” has the meaning specified
in Section 2.14(b). 
 “Obligations” means all advances to, and debts, liabilities, obligations, covenants and
duties of, the Borrower arising under any Loan Document or otherwise with respect to any Loan or Letter of Credit, whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or
hereafter arising, and including interest and fees that accrue after the commencement by or against the Borrower or any Affiliate thereof of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless
of whether such interest and fees are allowed claims in such proceeding. 

  
 20 

 “OFAC” means the Office of Foreign Assets Control of the United States
Department of the Treasury. 
 “Organization Documents” means the certificate or articles of incorporation and the bylaws
(or equivalent or comparable constitutive documents). 
 “Other Connection Taxes” means, with respect to any Recipient,
Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising solely from such Recipient having executed, delivered, become a party to, performed its
obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document). 

“Other Taxes” means all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that
arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document, except any such Taxes that
are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 3.06). 

“Outstanding Amount” means (a) with respect to Committed Loans and Swing Line Loans on any date, the aggregate
outstanding principal amount thereof after giving effect to any borrowings and prepayments or repayments of Committed Loans and Swing Line Loans, as the case may be, occurring on such date, and (b) with respect to any L/C Obligations on any
date, the amount of such L/C Obligations on such date after giving effect to any L/C Credit Extension occurring on such date and any other changes in the aggregate amount of the L/C Obligations as of such date, including as a result of any
reimbursements by the Borrower of Unreimbursed Amounts. 
 “Participant” has the meaning specified in
Section 10.06(d). 
 “Participant Register” has the meaning specified in Section 10.06(d).

 “PBGC” means the Pension Benefit Guaranty Corporation or any successor thereto. 

“Pension Act” means the Pension Protection Act of 2006. 

“Pension Funding Rules” means the rules of the Code and ERISA regarding minimum required contributions (including any
installment payment thereof) to Pension Plans and set forth in, with respect to plan years ending prior to the effective date of the Pension Act, Section 412 of the Code and Section 302 of ERISA, each as in effect prior to the Pension Act and,
thereafter, Sections 412, 430, 431, 432 and 436 of the Code and Sections 302, 303, 304 and 305 of ERISA. 
 “Pension Plan”
means any employee pension benefit plan (including a Multiple Employer Plan or a Multiemployer Plan) that is maintained or is contributed to by the Borrower or any ERISA Affiliate and is either covered by Title IV of ERISA or is subject to minimum
funding standards under Section 412 of the Code. 

  
 21 

 “Person” means any natural person, corporation, limited liability company,
trust, joint venture, association, company, partnership, Governmental Authority or other entity. 
 “Plan” means any
employee benefit plan within the meaning of Section 3(3) of ERISA (including a Pension Plan), maintained for employees of the Borrower or any ERISA Affiliate or any such Plan to which the Borrower or any ERISA Affiliate is required to contribute on
behalf of any of its employees. 
 “Platform” has the meaning specified in Section 6.02. 

“Public Lender” has the meaning specified in Section 6.02. 

“Recipient” means the Administrative Agent, any Lender, any L/C Issuer or any other recipient of any payment to be made by or
on account of any obligation of the Borrower hereunder. 
 “Register” has the meaning specified in
Section 10.06(c). 
 “Related Parties” means, with respect to any Person, such Person’s
Affiliates and the partners, directors, officers, employees, agents, trustees, administrators, managers, advisors and representatives of such Person and of such Person’s Affiliates. 

“Removal Effective Date” has the meaning specified in Section 9.06(b). 

“Reportable Event” means any of the events set forth in Section 4043(c) of ERISA, other than events for which the
30-day notice period has been waived. 
 “Request for Credit Extension” means (a) with respect to a Borrowing,
conversion or continuation of Committed Loans, a Committed Loan Notice, (b) with respect to an L/C Credit Extension, a Letter of Credit Application, and (c) with respect to a Swing Line Loan, a Swing Line Loan Notice. 

“Required Lenders” means, at any time, Lenders having Total Credit Exposures representing more than 50% of the Total Credit
Exposures of all Lenders. The Total Credit Exposure of any Defaulting Lender shall be disregarded in determining Required Lenders at any time; provided that the amount of any participation in any Swing Line Loan and Unreimbursed Amounts
that such Defaulting Lender has failed to fund that have not been reallocated to another Lender shall be deemed to be held by the Lender that is the Swing Line Lender or L/C Issuer, as the case may be, in making such determination. 

“Resignation Effective Date” has the meaning specified in Section 9.06(a). 

“Responsible Officer” means the chief executive officer, president, chief financial officer, treasurer, assistant treasurer,
chief accounting officer or controller of the Borrower and any other officer of the Borrower so designated by any of the foregoing officers in a written notice to the Administrative Agent, and, solely for purposes of notices given pursuant to
Article II, any other officer or employee of the Borrower so designated by any of the foregoing officers in or pursuant to an agreement between the Borrower and the Administrative Agent. Any

  
 22 

 
document delivered hereunder that is signed by a Responsible Officer of the Borrower shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other
action on the part of the Borrower and such Responsible Officer shall be conclusively presumed to have acted on behalf of the Borrower. 

“Restatement Effective Date” has the meaning specified in the Amendment and Restatement Agreement. 

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

“S&P” means S&P Global Ratings and any successor thereto. 

“Sanctions” means any international economic sanction administered or enforced by the United States government (including,
without limitation, OFAC and the USA PATRIOT Act), the United Nations Security Council, the European Union, Her Majesty’s Treasury or other relevant sanctions authority. 

“SEC” means the Securities and Exchange Commission, or any Governmental Authority succeeding to any of its principal
functions. 
 “Subsequent Subsidiary Borrower” has the meaning specified in the Term Loan Credit Agreement. 

“Subsidiary” of a Person means a corporation, partnership, joint venture, limited liability company or other business entity
of which a majority of the shares of securities or other interests having ordinary voting power for the election of directors or other governing body (other than securities or interests having such power only by reason of the happening of a
contingency) are at the time beneficially owned, or the management of which is otherwise controlled, directly, or indirectly through one or more intermediaries, or both, by such Person. Unless otherwise specified, all references herein to a
“Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of the Borrower. 
 “Swap
Contract” means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options,
bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions,
currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or
not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master
agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master
Agreement”), including any such obligations or liabilities under any Master Agreement. 

  
 23 

 “Swap Termination Value” means, in respect of any one or more Swap Contracts,
after taking into account the effect of any legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination value(s) determined in accordance
therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the
mark-to-market value(s) for such Swap Contracts, as determined based upon one or more mid-market or other readily available
quotations provided by any recognized dealer in such Swap Contracts (which may include a Lender or any Affiliate of a Lender). 

“Swing Line Borrowing” means a borrowing of a Swing Line Loan pursuant to Section 2.04. 

“Swing Line Lender” means Bank of America in its capacity as provider of Swing Line Loans, or any successor swing line lender
hereunder. 
 “Swing Line Loan” has the meaning specified in Section 2.04(a). 

“Swing Line Loan Notice” means a notice of a Swing Line Borrowing pursuant to Section 2.04(b), which shall be
substantially in the form of Exhibit 2.04 or such other form as approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approve by the Administrative Agent),
appropriately completed and signed by a Responsible Officer of the Borrower. 
 “Swing Line Sublimit” means an amount equal
to the lesser of (a) $25,000,000 and (b) the Aggregate Commitments. The Swing Line Sublimit is part of, and not in addition to, the Aggregate Commitments. 

“Synthetic Lease Obligation” means the monetary obligation of a Person under (a) a
so-called synthetic, off-balance sheet or tax retention lease, or (b) an agreement for the use or possession of property creating obligations that do not appear on
the balance sheet of such Person but which, upon the insolvency or bankruptcy of such Person, would be characterized as the indebtedness of such Person (without regard to accounting treatment). 

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

“Term Loan Commitment Letter” means the amended and restated term loan commitment letter dated August 10, 2016, among the
Borrower, the Arrangers and certain Affiliates of the Arrangers, providing for the Term Loan Facilities, as amended from time to time. 

“Term Loan Credit Agreement” means that certain Credit Agreement dated as of September 23, 2016, among the Borrower, the
lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent, relating to the Term Loan Facilities. 

  
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 “Term Loan Facilities” means the delayed draw three-year and five-year term loan
facilities, in an aggregate principal amount of up to $5,000,000,000, established pursuant to the Term Loan Credit Agreement. 

“Threshold Amount” means $250,000,000. 

“Total Credit Exposure” means, as to any Lender at any time, the unused Commitments and Revolving Credit Exposure of such
Lender at such time. 
 “Total Outstandings” means the aggregate Outstanding Amount of all Loans and all L/C Obligations.

 “Transactions” means the Acquisition Transactions together with the assumption by the Initial Subsidiary Borrower of the
Bridge Facilities and/or the Term Loan Facilities. 
 “Type” means, with respect to a Committed Loan, its character as a
Base Rate Loan or a Eurodollar Rate Loan. 
 “Unaudited Financial Statements” means the unaudited consolidated balance
sheets of ADI and its Subsidiaries for the fiscal quarters and the portions of the fiscal year ended January 30, April 30, 2016 and July 30, 2016, and the related consolidated statements of income or operations, shareholders’ equity and
cash flows for such fiscal quarters of ADI and its Subsidiaries, including the notes thereto. 
 “United States” and
“U.S.” mean the United States of America. 
 “Unreimbursed Amount” has the meaning specified in
Section 2.03(c)(i). 
 “Unrestricted Cash” means, as of any date, cash and cash equivalents owned
by the Borrower and its Subsidiaries that are not, and are not required under the terms of any agreement or other arrangement in effect on such date to be, (a) pledged to or held in one or more accounts under the control of one or more creditors of
the Borrower or any Subsidiary or (b) otherwise segregated from the general assets of the Borrower 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 Borrower or any Subsidiary. It is agreed that cash and cash equivalents held in ordinary deposit or security accounts and not subject to any existing or
contingent restrictions on transfer by the Borrower or a Subsidiary will not be excluded from Unrestricted Cash by reason of setoff rights created by law or by applicable account agreements in favor of the depositary institutions or security
intermediaries. 
 “U.S. Person” means a “United States person” within the meaning of Section 7701(a)(30)
of the Code. 
 “USA PATRIOT Act” means the Uniting and Strengthening America by Providing Appropriate Tools Required to
Intercept and Obstruct Terrorism Act of 2001. 

  
 25 

 “Wholly Owned Subsidiary” means any Person 100% of whose Equity Interests (other
than qualifying shares required in connection with a Subsidiary organized and domiciled outside of the United States) are at the time owned, directly or indirectly, by the Borrower. 

“Write-Down and Conversion Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion powers
of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule. 

 

	1.02.	Other Interpretive Provisions. 

 With reference to this Agreement and each other Loan
Document, unless otherwise specified herein or in such other Loan Document: 
 (a) The definitions of terms herein shall
apply equally to the singular and plural forms of the terms defined. 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, (i) any definition of or reference to any agreement, instrument or other document (including any Organization Document) 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 or in any other Loan Document), (ii) any reference
herein to any Person shall be construed to include such Person’s successors and assigns, (iii) the words “herein”, “hereof” and “hereunder”, and words of similar import when used in any
Loan Document, shall be construed to refer to such Loan Document in its entirety and not to any particular provision thereof, (iv) all references in a Loan Document to Articles, Sections, Exhibits and Schedules shall be construed to refer
to Articles and Sections of, and Exhibits and Schedules to, the Loan Document in which such references appear, (v) any reference to any law shall include all statutory and regulatory provisions consolidating, amending, replacing or interpreting
such law and any reference to any law or regulation shall, unless otherwise specified, refer to such law or regulation as amended, modified or supplemented from time to time, and (vi) 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. 

(b) In the computation of periods of time from a specified date to a later specified date, the word “from”
means “from and including”; the words “to” and “until” each mean “to but excluding”; and the word “through” means “to and including”. 

(c) Section headings herein and in the other Loan Documents are included for convenience of reference only and shall not affect
the interpretation of this Agreement or any other Loan Document. 

  
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	1.03.	Accounting Terms. 

 (a) Generally. All accounting terms not specifically or
completely defined herein shall be construed in conformity with, and all financial data (including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity with, GAAP
applied on a consistent basis, as in effect from time to time, applied in a manner consistent with that used in preparing the Audited Financial Statements, except as otherwise specifically prescribed herein. 

(b) Changes in GAAP. If at any time any change in GAAP (including the early adoption by the Borrower of any provision of GAAP)
would affect the computation of any financial ratio or requirement set forth in any Loan Document, and either the Borrower or the Required Lenders shall so request, the Administrative Agent, the Lenders and the Borrower shall negotiate in good faith
to amend such ratio or requirement to preserve the original intent thereof in light of such change in GAAP (subject to the approval of the Required Lenders); provided that, until so amended, (i) such ratio or requirement shall continue
to be computed in accordance with GAAP prior to such change therein and (ii) the Borrower shall provide to the Administrative Agent and the Lenders financial statements and other documents required under this Agreement or as reasonably
requested hereunder setting forth a reconciliation between calculations of such ratio or requirement made before and after giving effect to such change in GAAP. Notwithstanding the foregoing, leases shall continue to be classified and accounted
for on a basis consistent with that reflected in the Audited Financial Statements notwithstanding any change in GAAP related thereto. 
 (c)
Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of the Borrower and its Subsidiaries or to the determination of any amount for the Borrower and its Subsidiaries on a consolidated
basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Borrower is required to consolidate pursuant to FASB Interpretation No. 46 – Consolidation of Variable Interest Entities: an
interpretation of ARB No. 51 (January 2003) as if such variable interest entity were a Subsidiary as defined herein. 
  

	1.04.	Rounding. 

 Any financial ratios required to be maintained by the Borrower pursuant to
this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up or down to the
nearest number (with a rounding-up if there is no nearest number). 
  

	1.05.	Times of Day. 

 Unless otherwise specified, all references herein to times of day shall
be references to Eastern time (daylight or standard, as applicable). 

  
 27 

	1.06.	Letter of Credit Amounts. 

 Unless otherwise specified herein, the amount of a Letter of
Credit at any time shall be deemed to be the stated amount of such Letter of Credit in effect at such time; provided, however, that with respect to any Letter of Credit that, by its terms or the terms of any Issuer Document related
thereto, provides for one or more automatic increases in the stated amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or
not such maximum stated amount is in effect at such time. 
 ARTICLE II. 

THE COMMITMENTS AND CREDIT EXTENSIONS 
  

	2.01.	Committed Loans. 

 Subject to the terms and conditions set forth herein, each Lender
severally agrees to make loans (each such loan, a “Committed Loan”) to the Borrower in Dollars from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the
amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (a) the Total Outstandings shall not exceed the Aggregate Commitments, and (b) the Revolving Credit Exposure of any Lender
shall not exceed such Lender’s Commitment. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01, prepay under
Section 2.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein. 

 

	2.02.	Borrowings, Conversions and Continuations of Committed Loans. 

 (a) Each Committed
Borrowing, each conversion of Committed Loans from one Type to the other, and each continuation of Eurodollar Rate Loans shall be made upon the Borrower’s irrevocable notice to the Administrative Agent, which may be given by (A) telephone, or
(B) a Committed Loan Notice; provided that any telephonic notice must be confirmed promptly by delivery to the Administrative Agent of a Committed Loan Notice. Each such notice must be received by the Administrative Agent not later than 11:00
a.m. (i) three Business Days prior to the requested date of any Borrowing of, conversion to or continuation of Eurodollar Rate Loans or of any conversion of Eurodollar Rate Loans to Base Rate Committed Loans, and (ii) on the requested date of any
Borrowing of Base Rate Committed Loans; provided, however, that if the Borrower wishes to request Eurodollar Rate Loans having an Interest Period other than one, two, three or six months in duration as provided in the definition of
“Interest Period,” the applicable notice must be received by the Administrative Agent not later than 11:00 a.m. four Business Days prior to the requested date of such Borrowing, conversion or continuation, whereupon the Administrative
Agent shall give prompt notice to the Lenders of such request and determine whether the requested Interest Period is acceptable to all of them. Not later than 11:00 a.m., three Business Days before the requested date of such Borrowing, conversion or
continuation, the Administrative Agent shall notify the Borrower (which notice may be by telephone) whether or not the requested Interest Period has been consented to by all 

  
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the Lenders. Each Borrowing of, conversion to or continuation of Eurodollar Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof. Except as
provided in Sections 2.03(c) and 2.04(c), each Committed Borrowing of or conversion to Base Rate Committed Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof. Each
Committed Loan Notice (whether telephonic or written) shall specify (i) whether the Borrower is requesting a Committed Borrowing, a conversion of Committed Loans from one Type to the other, or a continuation of Eurodollar Rate Loans, (ii) the
requested date of the Borrowing, conversion or continuation, as the case may be (which shall be a Business Day), (iii) the principal amount of Committed Loans to be borrowed, converted or continued, (iv) the Type of Committed Loans to be borrowed or
to which existing Committed Loans are to be converted, and (v) if applicable, the duration of the Interest Period with respect thereto. If the Borrower fails to specify a Type of Committed Loan in a Committed Loan Notice or if the Borrower fails to
give a timely notice requesting a conversion or continuation, then the applicable Committed Loans shall be made as, or converted to, Base Rate Loans. Any automatic conversion to Base Rate Loans shall be effective as of the last day of the Interest
Period then in effect with respect to the applicable Eurodollar Rate Loans. If the Borrower requests a Borrowing of, or conversion to or continuation of, Eurodollar Rate Loans in any such Committed Loan Notice, but fails to specify an Interest
Period, it will be deemed to have specified an Interest Period of one month. 
 (b) Following receipt of a Committed Loan Notice, the
Administrative Agent shall promptly notify each Lender of the amount of its Applicable Percentage of the applicable Committed Loans, and if no timely notice of a conversion or continuation is provided by the Borrower, the Administrative Agent shall
notify each Lender of the details of any automatic conversion to Base Rate Loans described in the preceding clause. In the case of a Committed Borrowing, each Lender shall make the amount of its Committed Loan available to the Administrative
Agent in immediately available funds at the Administrative Agent’s Office not later than 1:00 p.m. on the Business Day specified in the applicable Committed Loan Notice. Upon satisfaction of the conditions set forth in
Section 4.02, the Administrative Agent shall make all funds so received available to the Borrower in like funds as received by the Administrative Agent either by (i) crediting the account of the Borrower on the books of
Bank of America with the amount of such funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided to (and reasonably acceptable to) the Administrative Agent by the Borrower; provided, however,
that if, on the date the Committed Loan Notice with respect to such Borrowing is given by the Borrower, there are L/C Borrowings outstanding, then the proceeds of such Borrowing, first, shall be applied to the payment in full of any such L/C
Borrowings, and, second, shall be made available to the Borrower as provided above. 
 (c) Except as otherwise provided herein, a
Eurodollar Rate Loan may be continued or converted only on the last day of an Interest Period for such Eurodollar Rate Loan. During the existence of a Default, no Loans may be requested as, converted to or continued as Eurodollar Rate Loans without
the consent of the Required Lenders. 
 (d) The Administrative Agent shall promptly notify the Borrower and the Lenders of the interest rate
applicable to any Interest Period for Eurodollar Rate Loans upon determination of such interest rate. At any time that Base Rate Loans are outstanding, the Administrative Agent shall notify the Borrower and the Lenders of any change in Bank of
America’s prime rate used in determining the Base Rate promptly following the announcement of such change. 
 (e) After giving effect
to all Committed Borrowings, all conversions of Committed Loans from one Type to the other, and all continuations of Committed Loans as the same Type, there shall not be more than five Interest Periods in effect with respect to Committed Loans. 

  
 29 

	2.03.	Letters of Credit. 

 (a) The Letter of Credit Commitment. 

(i) Subject to the terms and conditions set forth herein, (A) each L/C Issuer agrees, in reliance upon the agreements of
the Lenders set forth in this Section 2.03, (1) from time to time on any Business Day during the period from the Initial Closing Date until the Letter of Credit Expiration Date, to issue Letters of Credit for the account of
the Borrower or its Subsidiaries, and to amend Letters of Credit previously issued by it, in accordance with clause (b) below, and (2) to honor drawings under the Letters of Credit; and (B) the Lenders severally agree to participate
in Letters of Credit issued for the account of the Borrower or its Subsidiaries and any drawings thereunder; provided that after giving effect to any L/C Credit Extension with respect to any Letter of Credit, (w) the Total Outstandings
shall not exceed the Aggregate Commitments, (x) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Commitment, (y) the Outstanding Amount of the L/C Obligations shall not exceed the Letter of Credit Sublimit
and (z) the Outstanding Amount of all L/C Obligations of any L/C Issuer shall not exceed such L/C Issuer’s L/C Commitment. Each request by the Borrower for the issuance or amendment of a Letter of Credit shall be deemed to be a
representation by the Borrower that the L/C Credit Extension so requested complies with the conditions set forth in the proviso to the preceding sentence. Within the foregoing limits, and subject to the terms and conditions hereof, the
Borrower’s ability to obtain Letters of Credit shall be fully revolving, and accordingly the Borrower may, during the foregoing period, obtain Letters of Credit to replace Letters of Credit that have expired or that have been drawn upon and
reimbursed. 
 (ii) No L/C Issuer shall issue any Letter of Credit, if: 

(A) subject to Section 2.03(b)(iii), the expiry date of such requested Letter of Credit would occur more than twelve
months after the date of issuance or, if later, the last extension, unless the Required Lenders have approved such expiry date; or 

(B) the expiry date of such requested Letter of Credit would occur after the Letter of Credit Expiration Date, unless all the
Lenders have approved such expiry date. 

  
 30 

 (iii) No L/C Issuer shall be under any obligation to issue, amend or increase any
Letter of Credit if: 
 (A) any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms
purport to enjoin or restrain such L/C Issuer from issuing such Letter of Credit, or any Law applicable to such L/C Issuer or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over
such L/C Issuer shall prohibit, or request that such L/C Issuer refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon such L/C Issuer with respect to such Letter of Credit any
restriction, reserve or capital requirement (for which such L/C Issuer is not otherwise compensated hereunder) not in effect on the Initial Closing Date, or shall impose upon such L/C Issuer any unreimbursed loss, cost or expense which was not
applicable on the Initial Closing Date and which such L/C Issuer in good faith deems material to it; 
 (B) the issuance of
such Letter of Credit would violate one or more policies of such L/C Issuer applicable to letters of credit generally; 
 (C)
except as otherwise agreed by the Administrative Agent and such L/C Issuer, such Letter of Credit is in an initial stated amount less than $100,000; 

(D) such Letter of Credit is to be denominated in a currency other than Dollars; or 

(E) any Lender is at that time a Defaulting Lender, unless such L/C Issuer has entered into arrangements, including the
delivery of Cash Collateral, reasonably satisfactory to such L/C Issuer with the Borrower or such Lender to eliminate such L/C Issuer’s actual or potential Fronting Exposure (after giving effect to Section 2.17(a)(iv)) with respect to
the Defaulting Lender arising from either the Letter of Credit then proposed to be issued or that Letter of Credit and all other L/C Obligations as to which such L/C Issuer has actual or potential Fronting Exposure, as it may elect in its sole
discretion. 
 (iv) No L/C Issuer shall amend any Letter of Credit if such L/C Issuer would not be permitted at such time to
issue such Letter of Credit in its amended form under the terms hereof. 
 (v) No L/C Issuer shall be under any obligation to
amend any Letter of Credit if (a) such L/C Issuer would have no obligation at such time to issue such Letter of Credit in its amended form under the terms hereof, or (b) the beneficiary of such Letter of Credit does not accept the proposed
amendment to such Letter of Credit. 
 (vi) Each L/C Issuer shall act on behalf of the Lenders with respect to any Letters of
Credit issued by it and the documents associated therewith, and each L/C Issuer shall have all of the benefits and immunities (a) provided to the Administrative Agent in Article IX with respect to any acts taken or
omissions suffered by such L/C Issuer in connection with Letters of Credit issued by it or proposed to be issued by it and Issuer Documents pertaining to such Letters of Credit as fully as if the term “Administrative Agent” as used in
Article IX included such L/C Issuer with respect to such acts or omissions, and (b) as additionally provided herein with respect to the L/C Issuers. 

  
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 (b) Procedures for Issuance and Amendment of Letters of Credit; Auto-Extension Letters of
Credit. 
 (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower
delivered to an L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Borrower. Such Letter of Credit Application may be sent by
facsimile, by United States mail, by overnight courier, by electronic transmission using the system provided by such L/C Issuer, by personal delivery or by any other means acceptable to such L/C Issuer. Such Letter of Credit Application must be
received by such L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least two Business Days (or such later date and time as the Administrative Agent and such L/C Issuer may agree in a particular instance in their sole
discretion) prior to the proposed issuance date or date of amendment, as the case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to
such L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day); (B) the amount thereof; (C) the expiry date thereof; (D) the name and address of the beneficiary thereof;
(E) the documents to be presented by such beneficiary in case of any drawing thereunder; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder; (G) the purpose and nature of the requested
Letter of Credit; and (H) such other matters as such L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to such
L/C Issuer: (A) the Letter of Credit to be amended; (B) the proposed date of amendment thereof (which shall be a Business Day); (C) the nature of the proposed amendment; and (D) such other matters as such L/C Issuer may
require. Additionally, the Borrower shall furnish to such L/C Issuer and the Administrative Agent such other documents and information pertaining to such requested Letter of Credit issuance or amendment, including any Issuer Documents, as
such L/C Issuer or the Administrative Agent may require. 
 (ii) Promptly after receipt of any Letter of Credit Application,
the applicable L/C Issuer will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has received a copy of such Letter of Credit Application from the Borrower and, if not, such L/C Issuer will provide the
Administrative Agent with a copy thereof. Unless such L/C Issuer has received written notice from any Lender, the Administrative Agent or the Borrower, at least one Business Day prior to the requested date of issuance or amendment of the
applicable Letter of Credit, that one or more applicable conditions contained in Article IV shall not then be satisfied, then, subject to the terms and conditions hereof, such L/C Issuer shall, on the requested date, issue
a Letter of Credit for the account of the Borrower (or the applicable Subsidiary) or enter into the applicable amendment, as the case may be, in each case in accordance with such L/C Issuer’s usual and customary business
practices. Immediately upon the issuance of each Letter of Credit, each Lender shall be deemed to, and hereby irrevocably and 

  
 32 

 
unconditionally agrees to, purchase from the applicable L/C Issuer a risk participation in such Letter of Credit in an amount equal to the product of such Lender’s Applicable Percentage
times the amount of such Letter of Credit. 
 (iii) If the Borrower so requests in any applicable Letter of Credit
Application, each L/C Issuer agrees to issue a Letter of Credit that has automatic extension provisions (each, an “Auto-Extension Letter of Credit”); provided that any such Auto-Extension Letter of Credit must permit the
applicable L/C Issuer to prevent any such extension at least once in each twelve-month period (commencing with the date of issuance of such Letter of Credit) by giving prior notice to the beneficiary thereof not later than a day (the
“Non-Extension Notice Date”) in each such twelve-month period to be agreed upon at the time such Letter of Credit is issued. Unless otherwise directed by the applicable L/C Issuer, the Borrower shall not be required to make a
specific request to such L/C Issuer for any such extension. Once an Auto-Extension Letter of Credit has been issued, the Lenders shall be deemed to have authorized (but may not require) such L/C Issuer to permit the extension of such Letter of
Credit at any time to an expiry date not later than the Letter of Credit Expiration Date; provided, however, that such L/C Issuer shall not permit any such extension if (A) such L/C Issuer has determined that it would not be
permitted, or would have no obligation, at such time to issue such Letter of Credit in its revised form (as extended) under the terms hereof (by reason of the provisions of clause (ii) or (iii) of Section 2.03(a) or otherwise)
or (B) it has received notice (which may be by telephone or in writing) on or before the day that is seven Business Days before the Non-Extension Notice Date from the Administrative Agent, any Lender or the Borrower that one or more of the
applicable conditions specified in Section 4.02 is not then satisfied, and in each such case directing such L/C Issuer not to permit such extension. 

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

(c) Drawings and Reimbursements; Funding of Participations. 

(i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the
applicable L/C Issuer shall notify the Borrower and the Administrative Agent thereof. To the extent the Borrower receives such notice on or before 10:00 a.m. on an Honor Date (as defined below), not later than 12:00 noon on the date of any
payment by such L/C Issuer under a Letter of Credit (each such date, an “Honor Date”), the Borrower shall reimburse such L/C Issuer through the Administrative Agent in an amount equal to the amount of such drawing. To the extent the
Borrower receives such notice after 10:00 a.m. but on or before 3:00 p.m. on an Honor Date, on or before 5:00 p.m. on such Honor Date, the Borrower shall reimburse such L/C Issuer through the Administrative Agent in an amount equal to the amount of
such drawing. To the extent the Borrower receives such notice after 3:00 p.m. on an Honor Date, on or before 11:00 a.m. on the next day following such Honor Date, the Borrower shall reimburse such L/C Issuer through the Administrative Agent in
an amount equal to the amount of such drawing. If the Borrower fails to so reimburse such L/C 

  
 33 

 
Issuer by such time, the Administrative Agent shall promptly notify each Lender of the Honor Date, the amount of the unreimbursed drawing (the “Unreimbursed Amount”), and the
amount of such Lender’s Applicable Percentage thereof. In such event, the Borrower shall be deemed to have requested a Committed Borrowing of Base Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount,
without regard to the minimum and multiples specified in Section 2.02 for the principal amount of Base Rate Loans, but subject to the amount of the unutilized portion of the Aggregate Commitments and the conditions set
forth in Section 4.02 (other than the delivery of a Committed Loan Notice) and provided that, after giving effect to such Borrowing, the Total Outstandings shall not exceed the Aggregate Commitments. Any notice given by an
L/C Issuer or the Administrative Agent pursuant to this Section 2.03(c)(i) may be given by telephone if immediately confirmed in writing; provided that the lack of such an immediate confirmation shall not affect
the conclusiveness or binding effect of such notice. 
 (ii) Each Lender shall upon any notice pursuant to
Section 2.03(c)(i) make funds available (and the Administrative Agent may apply Cash Collateral provided for this purpose) to the Administrative Agent for the account of the applicable L/C Issuer at the Administrative
Agent’s Office in an amount equal to its Applicable Percentage of the Unreimbursed Amount not later than 1:00 p.m. on the Business Day specified in such notice by the Administrative Agent, whereupon, subject to the provisions of
Section 2.03(c)(iii), each Lender that so makes funds available shall be deemed to have made a Base Rate Committed Loan to the Borrower in such amount. The Administrative Agent shall remit the funds so received to the
applicable L/C Issuer. 
 (iii) With respect to any Unreimbursed Amount that is not fully refinanced by a Committed Borrowing
of Base Rate Loans because the conditions set forth in Section 4.02 cannot be satisfied or for any other reason, the Borrower shall be deemed to have incurred from the applicable L/C Issuer an L/C Borrowing in the amount of
the Unreimbursed Amount that is not so refinanced, which L/C Borrowing shall be due and payable on demand (together with interest) and shall bear interest at the Default Rate. In such event, each Lender’s payment to the Administrative
Agent for the account of the applicable L/C Issuer pursuant to Section 2.03(c)(ii) shall be deemed payment in respect of its participation in such L/C Borrowing and shall constitute an L/C Advance from such Lender in
satisfaction of its participation obligation under this Section 2.03. 
 (iv) Until each Lender
funds its Committed Loan or L/C Advance pursuant to this Section 2.03(c) to reimburse the applicable L/C Issuer for any amount drawn under any Letter of Credit, interest in respect of such Lender’s Applicable
Percentage of such amount shall be solely for the account of such L/C Issuer. 
 (v) Each Lender’s obligation to make
Committed Loans or L/C Advances to reimburse the applicable L/C Issuer for amounts drawn under Letters of Credit, as contemplated by this Section 2.03(c), shall be absolute and unconditional and shall not be affected by any
circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender may have against such L/C Issuer, the Borrower, any Subsidiary or any other Person for any reason whatsoever, (B) the

  
 34 

 
occurrence or continuance of a Default, or (C) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided, however, that each
Lender’s obligation to make Committed Loans pursuant to this Section 2.03(c) is subject to the conditions set forth in Section 4.02 (other than delivery by the Borrower of a Committed
Loan Notice). No such making of an L/C Advance shall relieve or otherwise impair the obligation of the Borrower to reimburse an L/C Issuer for the amount of any payment made by such L/C Issuer under any Letter of Credit, together with interest
as provided herein. 
 (vi) If any Lender fails to make available to the Administrative Agent for the account of an L/C
Issuer any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.03(c) by the time specified in Section 2.03(c)(ii), such L/C Issuer shall be
entitled to recover from such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to such L/C
Issuer at a rate per annum equal to the greater of the Federal Funds Rate and a rate determined by such L/C Issuer in accordance with banking industry rules on interbank compensation, plus any administrative, processing or similar fees customarily
charged by such L/C Issuer in connection with the foregoing. If such Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Lender’s Committed Loan included in the relevant Committed
Borrowing or L/C Advance in respect of the relevant L/C Borrowing, as the case may be. A certificate of the applicable L/C Issuer submitted to any Lender (through the Administrative Agent) with respect to any amounts owing under this
clause (vi) shall be conclusive absent manifest error. 
 (d) Repayment of Participations. 

(i) At any time after an L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such
Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of the applicable L/C Issuer any payment in respect of the related Unreimbursed
Amount or interest thereon (whether directly from the Borrower or otherwise, including proceeds of Cash Collateral applied thereto by the Administrative Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage
thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative Agent. 

(ii) If any payment received by the Administrative Agent for the account of the applicable L/C Issuer pursuant to
Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such L/C Issuer in its
discretion), each Lender shall pay to the Administrative Agent for the account of the applicable L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such
amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause (ii) shall survive the payment in full of the Obligations and the
termination of this Agreement. 

  
 35 

 (e) Obligations Absolute. The obligation of the Borrower to reimburse the L/C Issuers
for each drawing under each Letter of Credit and to repay each L/C Borrowing shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all circumstances, including the
following: 
 (i) any lack of validity or enforceability of such Letter of Credit, this Agreement, or any other Loan
Document; 
 (ii) the existence of any claim, counterclaim, setoff, defense or other right that the Borrower or any
Subsidiary may have at any time against any beneficiary or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such transferee may be acting), the applicable L/C Issuer or any other Person, whether in
connection with this Agreement, the transactions contemplated hereby or by such Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction; 

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

(iv) waiver by the applicable L/C Issuer of any requirement that exists for such L/C Issuer’s protection and not the
protection of the Borrower or any waiver by the applicable L/C Issuer which does not in fact materially prejudice the Borrower; 

(v) honor of a demand for payment presented electronically even if such Letter of Credit requires that demand be in the form of
a draft; 
 (vi) any payment made by the applicable L/C Issuer in respect of an otherwise complying item presented after the
date specified as the expiry date of, or the date by which documents must be received under, such Letter of Credit if presentation after such date is authorized by the ISP or the UCP, as applicable; 

(vii) any payment by the applicable L/C Issuer under such Letter of Credit against presentation of a draft or certificate that
does not strictly comply with the terms of such Letter of Credit, or any payment made by the applicable L/C Issuer under such Letter of Credit to any Person purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit of creditors, liquidator, receiver or other representative of or successor to any beneficiary or any transferee of such Letter of Credit, including any arising
in connection with any proceeding under any Debtor Relief Law; or 
 (viii) any other circumstance or happening whatsoever,
whether or not similar to any of the foregoing, including any other circumstance that might otherwise constitute a defense available to, or a discharge of, the Borrower or any Subsidiary; provided, however, that nothing in this
Section 2.03(e) shall impair the rights of the Borrower under Section 2.03(f). 

  
 36 

 The Borrower shall promptly examine a copy of each Letter of Credit and each amendment thereto
that is delivered to it and, in the event of any claim of noncompliance with the Borrower’s instructions or other irregularity, the Borrower will immediately notify the applicable L/C Issuer. The Borrower shall be conclusively deemed to
have waived any such claim against such L/C Issuer and its correspondents unless such notice is given as aforesaid. 
 (f) Role of L/C
Issuers. Each Lender and the Borrower agree that, in paying any drawing under a Letter of Credit, no L/C Issuer shall have any responsibility to obtain any document (other than any sight draft, certificates and documents expressly required
by such Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of the Person executing or delivering any such document. None of the L/C Issuers, the Administrative Agent, any of their
respective Related Parties nor any correspondent, participant or assignee of an L/C Issuer shall be liable to any Lender for (i) any action taken or omitted in connection herewith at the request or with the approval of the Lenders or the
Required Lenders, as applicable, (ii) any action taken or omitted in the absence of gross negligence or willful misconduct, or (iii) the due execution, effectiveness, validity or enforceability of any document or instrument related to any
Letter of Credit or Issuer Document. The Borrower hereby assumes all risks of the acts or omissions of any beneficiary or transferee with respect to its use of any Letter of Credit; provided, however, that this assumption is not
intended to, and shall not, preclude the Borrower’s pursuing such rights and remedies as it may have against the beneficiary or transferee at law or under any other agreement. None of the L/C Issuers, the Administrative Agent, any of their
respective Related Parties nor any correspondent, participant or assignee of an L/C Issuer shall be liable or responsible for any of the matters described in clauses (i) through (viii) of
Section 2.03(e); provided, however, that notwithstanding anything in such clauses to the contrary, the Borrower may have a claim against an L/C Issuer, and the applicable L/C Issuer may be liable to the
Borrower, to the extent, but only to the extent, of any direct, as opposed to consequential or exemplary, damages suffered by the Borrower which the Borrower proves were caused by such L/C Issuer’s willful misconduct or gross negligence or such
L/C Issuer’s willful failure to pay under any Letter of Credit after the presentation to it by the beneficiary of a sight draft and certificate(s) strictly complying with the terms and conditions of a Letter of Credit unless such L/C Issuer is
prevented or prohibited from so paying as a result of any order or directive of any court or other Governmental Authority. In furtherance and not in limitation of the foregoing, each L/C Issuer may accept documents that appear on their face to
be in order, without responsibility for further investigation, regardless of any notice or information to the contrary, and no L/C Issuer shall be responsible for the validity or sufficiency of any instrument transferring or assigning or purporting
to transfer or assign a Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any reason. 

(g) Applicability of ISP. Unless otherwise expressly agreed by the applicable L/C Issuer and the Borrower when a Letter of Credit
is issued, the rules of the ISP shall apply to each standby Letter of Credit. Notwithstanding the foregoing, no L/C Issuer shall be responsible to the Borrower for, and each L/C Issuer’s rights and remedies against the Borrower shall not
be impaired by, any action or inaction of the applicable L/C Issuer required or permitted under any 

  
 37 

 
Law, order, or practice that is required or permitted to be applied to any Letter of Credit or this Agreement, including the Law or any order of a jurisdiction where such L/C Issuer or the
beneficiary is located, the practice stated in the ISP, or in the decisions, opinions, practice statements, or official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade - International Financial Services
Association (BAFT-IFSA), or the Institute of International Banking Law & Practice, whether or not any Letter of Credit chooses such Law or practice. 

(h) Letter of Credit Fees. The Borrower shall pay to the Administrative Agent for the account of each Lender in accordance,
subject to Section 2.17, with its Applicable Percentage, a Letter of Credit fee (the “Letter of Credit Fee”) for each Letter of Credit equal to the Applicable Rate times the daily amount available to be drawn under
such Letter of Credit. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. Letter
of Credit Fees shall be (i) due and payable on the first Business Day after the end of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of
Credit Expiration Date and thereafter on demand and (ii) computed on a quarterly basis in arrears. If there is any change in the Applicable Rate during any quarter, the daily amount available to be drawn under each Letter of Credit shall
be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect. Notwithstanding anything to the contrary contained herein, upon the request of the Required Lenders, while any
Event of Default exists, all Letter of Credit Fees shall accrue at the Default Rate. 
 (i) Fronting Fee and Documentary and Processing
Charges Payable to L/C Issuers. The Borrower shall pay directly to the applicable L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, at the rate per annum specified in the applicable Fee Letter, computed on
the actual daily maximum amount available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letter of Credit) and on a quarterly basis in arrears. Such fronting fee shall be due and payable
on the tenth Business Day after the end of each March, June, September and December in respect of the most recently-ended quarterly period (or portion thereof, in the case of the first payment),
commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of
Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. In addition, the Borrower shall pay directly to the applicable L/C Issuer for its own account the customary issuance,
presentation, amendment and other processing fees, and other standard costs and charges, of such L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on
demand and are nonrefundable. 
 (j) Conflict with Issuer Documents. In the event of any conflict between the terms hereof and
the terms of any Issuer Document, the terms hereof shall control. 
 (k) Letters of Credit Issued for
Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the applicable L/C Issuer
hereunder for 

  
 38 

 
any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the
Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries. 
 (l) L/C Issuer
Reports to the Administrative Agent. Unless otherwise agreed by the Administrative Agent, each L/C Issuer shall, in addition to its notification obligations set forth elsewhere in this Section 2.03, provide the Administrative Agent a
Letter of Credit report, as set forth below: 
 (i) reasonably prior to the time that such L/C Issuer issues, amends, renews,
increases or extends a Letter of Credit, the date of such issuance, amendment, renewal, increase or extension and the stated amount of the applicable Letters of Credit after giving effect to such issuance, amendment, renewal or extension (and
whether the amounts thereof shall have changed); 
 (ii) on each Business Day on which such L/C Issuer makes a payment
pursuant to a Letter of Credit, the date and amount of such payment; 
 (iii) on any Business Day on which the Borrower fails
to reimburse a payment made pursuant to a Letter of Credit required to be reimbursed to such L/C Issuer on such day, the date of such failure and the amount of such payment; 

(iv) on any Business Day that such L/C Issuer agrees to increase its L/C Commitment and the amount of such increase; 

(v) on any other Business Day, such other information as the Administrative Agent shall reasonably request as to the Letters of
Credit issued by such L/C Issuer; and 
 (vi) for so long as any Letter of Credit issued by an L/C Issuer is outstanding,
such L/C Issuer shall deliver to the Administrative Agent (A) on the last Business Day of each calendar month, (B) at all other times a Letter of Credit report is required to be delivered pursuant to this Agreement, and (C) on each date that (1) an
L/C Credit Extension occurs or (2) there is any expiration, cancellation and/or disbursement, in each case, with respect to any such Letter of Credit, a Letter of Credit report appropriately completed with the information for every outstanding
Letter of Credit issued by such L/C Issuer. 
  

	2.04.	Swing Line Loans. 

 (a) The Swing Line. Subject to the terms and conditions
set forth herein, the Swing Line Lender agrees, in reliance upon the agreements of the other Lenders set forth in this Section 2.04, to make loans (each such loan, a “Swing Line Loan”) to the Borrower from
time to time on any Business Day during the Availability Period in an aggregate amount not to exceed at any time outstanding the amount of the Swing Line Sublimit, notwithstanding the fact that such Swing Line Loans, when aggregated with the
Applicable Percentage of the Outstanding Amount of Committed Loans and L/C Obligations of the Lender acting as Swing Line Lender, may exceed the amount of such Lender’s Commitment; provided, however, that after giving effect to

  
 39 

 
any Swing Line Loan, (i) the Total Outstandings shall not exceed the Aggregate Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s
Commitment, and provided further, that the (x) Borrower shall not use the proceeds of any Swing Line Loan to refinance any outstanding Swing Line Loan and (y) the Swing Line Lender shall not be under any obligation to make any Swing Line Loan
if it shall determine (which determination shall be conclusive and binding absent manifest error) that it has, or by such Credit Extension may have, Fronting Exposure. Within the foregoing limits, and subject to the other terms and conditions
hereof, the Borrower may borrow under this Section 2.04, prepay under Section 2.05, and reborrow under this Section 2.04. Each Swing Line Loan shall be a Base Rate
Loan. Immediately upon the making of a Swing Line Loan, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Swing Line Lender a risk participation in such Swing Line Loan in an amount equal to
the product of such Lender’s Applicable Percentage times the amount of such Swing Line Loan. 
 (b) Borrowing
Procedures. Each Swing Line Borrowing shall be made upon the Borrower’s irrevocable notice to the Swing Line Lender and the Administrative Agent, which may be given by (i) telephone or (ii) by a Swing Line Loan Notice;
provided that any telephonic notice must be confirmed promptly by delivery to the Swing Line Lender and the Administrative Agent of a Swing Line Loan Notice. Each such notice must be received by the Swing Line Lender and the
Administrative Agent not later than 1:00 p.m. on the requested borrowing date, and shall specify (A) the amount to be borrowed, which shall be a minimum of $500,000, and (B) the requested borrowing date, which shall be a Business
Day. Promptly after receipt by the Swing Line Lender of any telephonic Swing Line Loan Notice, the Swing Line Lender will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has also received such
Swing Line Loan Notice and, if not, the Swing Line Lender will notify the Administrative Agent (by telephone or in writing) of the contents thereof. Unless the Swing Line Lender has received notice (by telephone or in writing) from the
Administrative Agent (including at the request of any Lender) prior to 2:00 p.m. on the date of the proposed Swing Line Borrowing (1) directing the Swing Line Lender not to make such Swing Line Loan as a result of the limitations set forth
in the first proviso to the first sentence of Section 2.04(a), or (2) that one or more of the applicable conditions specified in Article IV is not then satisfied, then, subject to the terms
and conditions hereof, the Swing Line Lender will, not later than 3:00 p.m. on the borrowing date specified in such Swing Line Loan Notice, make the amount of its Swing Line Loan available to the Borrower at its office by crediting the account
of the Borrower on the books of the Swing Line Lender in immediately available funds. 
 (c) Refinancing of Swing Line Loans. 

(i) Each Swing Line Loan shall be due and payable on the tenth Business Day following the making of such Swing Line Loan;
provided that the Swing Line Lender at any time in its sole and absolute discretion may request, on behalf of the Borrower (which hereby irrevocably authorizes the Swing Line Lender to so request on its behalf), that each Lender make a Base
Rate Committed Loan in an amount equal to such Lender’s Applicable Percentage of the amount of Swing Line Loans then outstanding. Such request shall be made in writing (which written request shall be deemed to be a Committed Loan Notice
for purposes hereof) and in accordance with the requirements of Section 2.02, without regard to the minimum and multiples specified therein for the 

  
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principal amount of Base Rate Loans, but subject to the unutilized portion of the Aggregate Commitments and the conditions set forth in Section 4.02 and provided that,
after giving effect to such Borrowing, the Total Outstandings shall not exceed the Aggregate Commitments. The Swing Line Lender shall furnish the Borrower with a copy of the applicable Committed Loan Notice promptly after delivering such notice
to the Administrative Agent. Each Lender shall make an amount equal to its Applicable Percentage of the amount specified in such Committed Loan Notice available to the Administrative Agent in immediately available funds (and the Administrative
Agent may apply Cash Collateral available with respect to the applicable Swing Line Loan) for the account of the Swing Line Lender at the Administrative Agent’s Office not later than 1:00 p.m. on the day specified in such Committed Loan
Notice, whereupon, subject to Section 2.04(c)(ii), each Lender that so makes funds available shall be deemed to have made a Base Rate Committed Loan to the Borrower in such amount. The Administrative Agent shall remit
the funds so received to the Swing Line Lender. 
 (ii) If for any reason any Swing Line Loan cannot be refinanced by such a
Committed Borrowing in accordance with Section 2.04(c)(i), the request for Base Rate Committed Loans submitted by the Swing Line Lender as set forth herein shall be deemed to be a request by the Swing Line Lender that each
of the Lenders fund its risk participation in the relevant Swing Line Loan, and each Lender’s payment to the Administrative Agent for the account of the Swing Line Lender pursuant to Section 2.04(c)(i) shall be
deemed payment in respect of such participation. 
 (iii) If any Lender fails to make available to the Administrative Agent
for the account of the Swing Line Lender any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.04(c) by the time specified in Section 2.04(c)(i),
the Swing Line Lender shall be entitled to recover from such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is
immediately available to the Swing Line Lender at a rate per annum equal to the greater of the Federal Funds Rate and a rate determined by the Swing Line Lender in accordance with banking industry rules on interbank compensation, plus any
administrative, processing or similar fees customarily charged by the Swing Line Lender in connection with the foregoing. If such Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such
Lender’s Committed Loan included in the relevant Committed Borrowing or funded participation in the relevant Swing Line Loan, as the case may be. A certificate of the Swing Line Lender submitted to any Lender (through the Administrative
Agent) with respect to any amounts owing under this clause (iii) shall be conclusive absent manifest error. 

(iv) Each Lender’s obligation to make Committed Loans or to purchase and fund risk participations in Swing Line Loans
pursuant to this Section 2.04(c) shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender may
have against the Swing Line Lender, the Borrower or any other Person for any reason whatsoever, (B) the occurrence or continuance of a Default, or (C) any other occurrence, event or condition, whether or not similar to any of the
foregoing; provided, however, 

  
 41 

 
that each Lender’s obligation to make Committed Loans pursuant to this Section 2.04(c) is subject to the conditions set forth in
Section 4.02. No such funding of risk participations shall relieve or otherwise impair the obligation of the Borrower to repay Swing Line Loans, together with interest as provided herein. 

(d) Repayment of Participations. 

(i) At any time after any Lender has purchased and funded a risk participation in a Swing Line Loan, if the Swing Line Lender
receives any payment on account of such Swing Line Loan, the Swing Line Lender will distribute to such Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period of time during which
such Lender’s risk participation was funded) in the same funds as those received by the Swing Line Lender. 
 (ii) If
any payment received by the Swing Line Lender in respect of principal or interest on any Swing Line Loan is required to be returned by the Swing Line Lender under any of the circumstances described in Section 10.05
(including pursuant to any settlement entered into by the Swing Line Lender in its discretion), each Lender shall pay to the Swing Line Lender its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the
date of such demand to the date such amount is returned, at a rate per annum equal to the Federal Funds Rate. The Administrative Agent will make such demand upon the request of the Swing Line Lender. The obligations of the Lenders under
this clause shall survive the payment in full of the Obligations and the termination of this Agreement. 
 (e) Interest for Account of
Swing Line Lender. The Swing Line Lender shall be responsible for invoicing the Borrower for interest on the Swing Line Loans. Until each Lender funds its Base Rate Committed Loan or risk participation pursuant to this
Section 2.04 to refinance such Lender’s Applicable Percentage of any Swing Line Loan, interest in respect of such Applicable Percentage shall be solely for the account of the Swing Line Lender. 

(f) Payments Directly to Swing Line Lender. The Borrower shall make all payments of principal and interest in respect of the Swing
Line Loans directly to the Swing Line Lender. 
  

	2.05.	Prepayments. 

 (a) The Borrower may, upon notice to the Administrative Agent, at any time
or from time to time voluntarily prepay Committed Loans in whole or in part without premium or penalty; provided that (i) such notice must be in a form acceptable to the Administrative Agent and received by the Administrative Agent not
later than 11:00 a.m. (A) three Business Days prior to any date of prepayment of Eurodollar Rate Loans and (B) on the date of prepayment of Base Rate Committed Loans; (ii) any prepayment of Eurodollar Rate Loans shall be in a
principal amount of $500,000 or a whole multiple of $100,000 in excess thereof; and (iii) any prepayment of Base Rate Committed Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof or, in each case,
if less, the entire principal amount thereof then outstanding. Each such notice shall specify the date and amount of such prepayment and the Type(s) of Committed Loans to be prepaid and, if Eurodollar Rate Loans are to be prepaid, the

  
 42 

 
Interest Period(s) of such Loans. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage
of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a Eurodollar
Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. Each such prepayment shall be applied to the Committed Loans of the
Lenders in accordance with their respective Applicable Percentages. 
 (b) The Borrower may, upon notice to the Swing Line Lender (with a
copy to the Administrative Agent), at any time or from time to time, voluntarily prepay Swing Line Loans in whole or in part without premium or penalty; provided that (i) such notice must be received by the Swing Line Lender and the
Administrative Agent not later than 1:00 p.m. on the date of the prepayment, and (ii) any such prepayment shall be in a minimum principal amount of $500,000 or a whole multiple of $100,000 in excess thereof. Each such notice shall specify
the date and amount of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. 

(c) If the Administrative Agent notifies the Borrower at any time that, for any reason, the Total Outstandings at such time exceed the
Aggregate Commitments then in effect, the Borrower shall immediately prepay Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess; provided, however, that the Borrower shall not be required to
Cash Collateralize the L/C Obligations pursuant to this Section 2.05(c) unless after the prepayment in full of the Loans the Total Outstandings exceed the Aggregate Commitments then in effect. 

 

	2.06.	Termination or Reduction of Commitments. 

 The Borrower may, upon notice to the
Administrative Agent, terminate the Aggregate Commitments, or from time to time permanently reduce the Aggregate Commitments; provided that (i) any such notice shall be received by the Administrative Agent not later than 11:00 a.m.
five Business Days prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of $10,000,000 or any whole multiple of $1,000,000 in excess thereof, (iii) the Borrower shall not terminate
or reduce the Aggregate Commitments if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Outstandings would exceed the Aggregate Commitments, and (iv) if, after giving effect to any reduction of the Aggregate
Commitments (plus any Cash Collateralization of the L/C Obligations hereunder), either the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the amount of the Aggregate Commitments (plus any Cash Collateralization of the L/C
Obligations hereunder), such Sublimit shall be automatically reduced by the amount of such excess. The Administrative Agent will promptly notify the Lenders of any such notice of termination or reduction of the Aggregate Commitments. Any
reduction of the Aggregate Commitments shall be applied to the Commitment of each Lender according to its Applicable Percentage. All fees accrued until the effective date of any termination of the Aggregate Commitments shall be paid on the
effective date of such termination. 

  
 43 

	2.07.	Repayment of Loans. 

 (a) The Borrower shall repay to each Lender on the applicable
Maturity Date the aggregate principal amount of Committed Loans made to the Borrower by such Lender outstanding on such date, and such Lender’s Commitment shall terminate on such date. 

(b) The Borrower shall repay each Swing Line Loan on the earlier to occur of (i) the date ten Business Days after such Loan is made and
(ii) the Maturity Date. 
  

	2.08.	Interest. 

 (a) Subject to the provisions of
clause (b) below, (i) each Eurodollar Rate Loan shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to the Eurodollar Rate for such Interest Period
plus the Applicable Rate for Eurodollar Rate Loans; (ii) each Base Rate Committed Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus the
Applicable Rate for Base Rate Committed Loans; and (iii) each Swing Line Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate
for Base Rate Committed Loans. 
 (b) (i) If any amount of principal of any Loan is not paid when due (without regard to any applicable
grace periods), whether at stated maturity, by acceleration or otherwise, such amount shall thereafter bear interest at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws.

 (ii) If any amount (other than principal of any Loan) payable by the Borrower under any Loan Document is not paid when due
(without regard to any applicable grace periods), whether at stated maturity, by acceleration or otherwise, then upon the request of the Required Lenders, such amount shall thereafter bear interest at a fluctuating interest rate per annum at all
times equal to the Default Rate to the fullest extent permitted by applicable Laws. 
 (iii) Upon the request of the Required
Lenders, while any Event of Default exists, the Borrower shall pay interest on the principal amount of all outstanding Obligations hereunder at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent
permitted by applicable Laws. 
 (iv) Accrued and unpaid interest on past due amounts (including interest on past due
interest) shall be due and payable upon demand. 
 (c) Interest on each Loan shall be due and payable in arrears on each Interest Payment
Date applicable thereto and at such other times as may be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any proceeding under
any Debtor Relief Law. 

  
 44 

	2.09.	Fees. 

 In addition to certain fees described in
clauses (h) and (i) of Section 2.03: 
 (a) Facility Fee. The
Borrower shall pay to the Administrative Agent for the account of each Lender, in accordance with its Applicable Percentage, a facility fee (the “Facility Fee”) equal to the Applicable Rate times the actual daily amount of
the Aggregate Commitments (or, if the Aggregate Commitments have terminated, on the Outstanding Amount of all Committed Loans, Swing Line Loans and L/C Obligations), regardless of usage, subject to adjustment as provided in Section
2.17. The Facility Fee shall accrue at all times during the Availability Period (and thereafter so long as any Committed Loans, Swing Line Loans or L/C Obligations remain outstanding), including at any time during which one or more of the
conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Restatement Effective Date,
and on the last day of the Availability Period (and, if applicable, thereafter on demand). The Facility Fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount
shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect. 

(b) Other Fees. 

(i) The Borrower shall pay to the Arrangers and the Administrative Agent for their own respective accounts fees in the amounts
and at the times specified in the Fee Letters. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever. 

(ii) The Borrower shall pay to the Administrative Agent, for the account of each Commitment Increase Participant (as defined in
the Amendment and Restatement Agreement), fees in the amounts and at the times specified in the Amendment and Restatement Agreement. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever. 

(iii) The Borrower shall pay to the Lenders such fees as shall have been separately agreed upon in writing in the amounts and
at the times so specified. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever. 
  

	2.10.	Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate. 

 All
computations of interest for Base Rate Loans (including Base Rate Loans determined by reference to the Eurodollar Rate) shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations
of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid;
provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day. Each determination by the Administrative Agent of an interest rate or fee
hereunder shall be conclusive and binding for all purposes, absent manifest error. 

  
 45 

	2.11.	Evidence of Debt. 

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

	2.12.	Payments Generally; Administrative Agent’s Clawback. 

 (a)
General. Except as otherwise specifically provided in Section 3.01, all payments to be made by the Borrower shall be made free and clear of and without condition or deduction for any counterclaim, defense, recoupment or setoff.
Except as otherwise expressly provided herein, all payments by the Borrower hereunder shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the Administrative Agent’s Office in
Dollars and in immediately available funds not later than 2:00 p.m. on the date specified herein. The Administrative Agent will promptly distribute to each Lender its Applicable Percentage (or other applicable share as provided herein) of such
payment in like funds as received by wire transfer to such Lender’s Lending Office. All payments received by the Administrative Agent after 2:00 p.m. shall be deemed received on the next succeeding Business Day and any applicable interest or
fee shall continue to accrue. Subject to the definition of “Interest Period”, if any payment to be made by the Borrower shall come due on a day other than a Business Day, payment shall be made on the next following Business Day, and such
extension of time shall be reflected in computing interest or fees, as the case may be. 

  
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 (b) (i) Funding by Lenders; Presumption by Administrative Agent. Unless the
Administrative Agent shall have received notice from a Lender prior to the proposed date of any Committed Borrowing of Eurodollar Rate Loans (or, in the case of any Committed Borrowing of Base Rate Loans, prior to 12:00 noon on the date of such
Committed Borrowing) that such Lender will not make available to the Administrative Agent such Lender’s share of such Committed Borrowing, the Administrative Agent may assume that such Lender has made such share available on such date in
accordance with Section 2.02 (or, in the case of a Committed Borrowing of Base Rate Loans, that such Lender has made such share available in accordance with and at the time required by
Section 2.02) and may, in reliance upon such assumption, make available to the Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Committed Borrowing available to
the Administrative Agent, then the applicable Lender and the Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount in immediately available funds with interest thereon, for each day from and
including the date such amount is made available to the Borrower to but excluding the date of payment to the Administrative Agent, at (A) in the case of a payment to be made by such Lender, the greater of the Federal Funds Rate and a rate determined
by the Administrative Agent in accordance with banking industry rules on interbank compensation, plus any administrative, processing or similar fees customarily charged by the Administrative Agent in connection with the foregoing, and (B) in the
case of a payment to be made by the Borrower, the interest rate applicable to Base Rate Loans. If the Borrower and such Lender shall pay such interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall
promptly remit to the Borrower the amount of such interest paid by the Borrower for such period. If such Lender pays its share of the applicable Committed Borrowing to the Administrative Agent, then the amount so paid shall constitute such
Lender’s Committed Loan included in such Committed Borrowing. Any payment by the Borrower shall be without prejudice to any claim the Borrower may have against a Lender that shall have failed to make such payment to the Administrative Agent.

 (ii) Payments by Borrower; Presumptions by Administrative Agent. Unless the Administrative Agent shall have
received notice from the Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders or an L/C Issuer hereunder that the Borrower will not make such payment, the Administrative Agent may assume
that the Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or the applicable L/C Issuer, as the case may be, the amount due. In such event, if the Borrower has not
in fact made such payment, then each of the Lenders or the applicable L/C Issuer, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or such L/C Issuer, in
immediately available funds with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Rate and a rate
determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. 
 A notice of the
Administrative Agent to any Lender or the Borrower with respect to any amount owing under this clause (b) shall be conclusive, absent manifest error. 

  
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 (c) Failure to Satisfy Conditions Precedent. If any Lender makes available to the
Administrative Agent funds for any Loan to be made by such Lender to the Borrower as provided in the foregoing provisions of this Article II, and such funds are not made available to the Borrower by the Administrative Agent
because the conditions to the applicable Credit Extension set forth in Article IV are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received
from such Lender) to such Lender, without interest. 
 (d) Obligations of Lenders Several. The obligations of the Lenders
hereunder to make Committed Loans, to fund participations in Letters of Credit and Swing Line Loans and to make payments pursuant to Section 10.04(c) are several and not joint. The failure of any Lender to make
any Committed Loan, to fund any such participation or to make any payment under Section 10.04(c) on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date,
and, except as provided in Section 2.17, no Lender shall be responsible for the failure of any other Lender to so make its Committed Loan, to purchase its participation or to make its payment under Section 10.04(c).

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

	2.13.	Sharing of Payments by Lenders. 

 If any Lender shall, by exercising any right of setoff
or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of the Committed Loans made by it, or the participations in L/C Obligations or in Swing Line Loans held by it (excluding any amounts applied by the Swing
Line Lender to outstanding Swing Line Loans) resulting in such Lender’s receiving payment of a proportion of the aggregate amount of such Committed Loans or participations and accrued interest thereon greater than its pro rata share thereof as
provided herein, then the Lender receiving such greater proportion shall (a) notify the Administrative Agent of such fact, and (b) purchase (for cash at face value) participations in the Committed Loans and subparticipations in L/C Obligations and
Swing Line Loans of the other Lenders, or make such other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued interest
on their respective Committed Loans and other amounts owing them; provided that: 
 (i) if any such participations or
subparticipations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations or subparticipations shall be rescinded and the purchase price restored to the extent of such recovery, without interest; and

 (ii) the provisions of this Section 2.13 shall not be construed to apply to (x) any payment
made by or on behalf of the Borrower pursuant to and in accordance with the express terms of this Agreement (including the application of funds arising from the existence of a Defaulting Lender), (y) the application of Cash Collateral provided
for 

  
 48 

 
in Section 2.16 or (z) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Committed Loans or subparticipations in L/C
Obligations or Swing Line Loans to any assignee or participant, other than to the Borrower or any Subsidiary (as to which the provisions of this Section 2.13 shall apply). 

The Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a
participation pursuant to the foregoing arrangements may exercise against the Borrower rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of the Borrower in the amount of such
participation. 
  

	2.14.	Extension of Maturity Date. 

 (a) Requests for Extension. The Borrower may,
by notice to the Administrative Agent (who shall promptly notify the Lenders) not more than 60 days and not less than 45 days prior to any annual anniversary date following the Initial Closing Date (the “Applicable Anniversary
Date”), request that each Lender extend such Lender’s Maturity Date for an additional year from the Maturity Date then in effect (each such date, an “Existing Maturity Date”); provided that the Borrower may
request no more than two such extensions during the term of this Agreement. 
 (b) Lender Elections to Extend. Each Lender,
acting in its sole and individual discretion, shall, by notice to the Administrative Agent given not more than 30 days prior to the Applicable Anniversary Date and not less than the date (the “Notice Date”) that is 15 days prior to
the Applicable Anniversary Date, advise the Administrative Agent whether or not such Lender agrees to such extension (and each Lender that determines not to so extend its Maturity Date (a
“Non-Extending Lender”) shall notify the Administrative Agent of such fact promptly after such determination (but in any event no later than the Notice Date) and any Lender that
does not so advise the Administrative Agent on or before the Notice Date shall be deemed to be a Non-Extending Lender. The election of any Lender to agree to such extension shall not obligate any other
Lender to so agree. 
 (c) Notification by Administrative Agent. The Administrative Agent shall notify the Borrower of each
Lender’s determination under this Section 2.14 no later than the date 15 days prior to the Applicable Anniversary Date (or, if such date is not a Business Day, on the next preceding Business Day). 

(d) Additional Commitment Lenders. The Borrower shall have the right at any time to replace each
Non-Extending Lender with, and add as a “Lender” under this Agreement in place thereof, one or more Eligible Assignees (each, an “Additional Commitment Lender”) as provided in
Section 10.13; provided that each of such Additional Commitment Lenders shall enter into an Assignment and Assumption pursuant to which such Additional Commitment Lender shall, effective no later than the Existing
Maturity Date, undertake a Commitment (and, if any such Additional Commitment Lender is already a Lender, its Commitment shall be in addition to such Lender’s Commitment hereunder on such date). 

  
 49 

 (e) Minimum Extension Requirement. If (and only if) the total of the Commitments of
the Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the additional Commitments of the Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Commitments in
effect immediately prior to the Applicable Anniversary Date, then, effective as of the Applicable Anniversary Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year
after the most recent Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a
“Lender” for all purposes of this Agreement. 
 (f) Conditions to Effectiveness of Extensions. As a condition
precedent to such extension, the Borrower shall deliver to the Administrative Agent a certificate of the Borrower dated as of the Applicable Anniversary Date (in sufficient copies for each Extending Lender and each Additional Commitment Lender)
signed by a Responsible Officer of the Borrower (i) certifying and attaching the resolutions adopted by the Borrower approving or consenting to such extension and (ii) certifying that, before and after giving effect to such extension, (A) the
representations and warranties contained in Article V and the other Loan Documents are true and correct on and as of the Applicable Anniversary Date, except in each case to the extent that such representations and
warranties specifically refer to an earlier date, in which case they are true and correct as of such earlier date, and except that for purposes of this Section 2.14, the representations and warranties contained in
clauses (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to clause (a) of Section 6.01, and
(B) no Default exists. In addition, on the Existing Maturity Date applicable to any Non-Extending Lender, the Borrowers shall prepay any Committed Loans outstanding on such date (and pay any
additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Committed Loans ratable with any revised Applicable Percentages of the respective Lenders effective as of such date. 

(g) Conflicting Provisions. This Section 2.14 shall supersede any provisions in Section 2.13
or 10.01 to the contrary. 
  

	2.15.	Increase in Commitments. 

 (a) Request for Increase. Provided there exists no
Default, upon notice to the Administrative Agent (which shall promptly notify the Lenders), the Borrower may from time to time, request an increase in the Aggregate Commitments by an amount (for all such requests) not exceeding $250,000,000;
provided that any such request for an increase shall be in a minimum amount of $50,000,000. At the time of sending such notice, the Borrower (in consultation with the Administrative Agent) shall specify the time period within which each
Lender is requested to respond (which shall in no event be less than ten Business Days from the date of delivery of such notice to the Lenders). No consent of any Lender (other than Lenders participating in the increase) shall be required for any
increase in Commitments under this Section 2.15. 
 (b) Lender Elections to Increase. Each Lender shall notify the
Administrative Agent within such time period whether or not it agrees to increase its Commitment and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such requested increase. Any Lender not
responding within such time period shall be deemed to have declined to increase its Commitment. 

  
 50 

 (c) Notification by Administrative Agent; Additional Lenders. The Administrative
Agent shall notify the Borrower and each Lender of the Lenders’ responses to each request made hereunder. To achieve the full amount of a requested increase and subject to the approval of the Administrative Agent, each L/C Issuer and the Swing
Line Lender (which approvals shall not be unreasonably withheld), the Borrower may also invite additional Eligible Assignees to become Lenders pursuant to a joinder agreement in form and substance reasonably satisfactory to the Administrative Agent
and its counsel. 
 (d) Effective Date and Allocations. If the Aggregate Commitments are increased in accordance with this
Section 2.15, the Administrative Agent and the Borrower shall determine the effective date (the “Increase Effective Date”) and the final allocation of such increase. The Administrative Agent shall promptly notify the
Borrower and the Lenders of the final allocation of such increase and the Increase Effective Date. 
 (e) Conditions to Effectiveness of
Increase. As a condition precedent to such increase, and in addition to the other requirements set forth in this Section 2.15, the following conditions precedent shall be satisfied: 

(i) the Aggregate Commitments shall not exceed $1,000,000,000 without the consent of the Required Lenders; 

(ii) no Default shall have occurred and be continuing on the Increase Effective Date; 

(iii) the representations and warranties set forth in Article V and the other Loan Documents shall be true and correct
on and as of the Increase Effective Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct as of such earlier date; 

(iv) the Administrative Agent shall have received (A) additional Commitments in a corresponding amount of such requested
increase from either existing Lenders and/or one or more other institutions that qualify as Eligible Assignees (it being understood and agreed that no existing Lender shall be required to provide an additional Commitment) and (B) documentation from
each institution providing an additional Commitment evidencing its additional Commitment and its obligations under this Agreement in form and substance acceptable to the Administrative Agent; 

(v) the Administrative Agent shall have received a certificate from the Borrower as well as all documents (including
resolutions of the board of directors of the Borrower) it may reasonably request relating to the corporate or other necessary authority for such increase in the Aggregate Commitments, and any other matters relevant thereto, all in form and substance
reasonably satisfactory to the Administrative Agent; and 
 (vi) if any Loans are outstanding at the time of the increase in
the Aggregate Commitments, the Borrower shall, if applicable, prepay one or more existing Committed 

  
 51 

 
Loans (such prepayment to be subject to Section 3.05) in an amount necessary such that after giving effect to the increase in the Aggregate Commitments, each Lender will
hold its pro rata share (based on its Applicable Percentage of the increased Aggregate Commitments) of outstanding Loans. 
 (f)
Conflicting Provisions. This Section shall supersede any provisions in Section 2.13 or 10.01 to the contrary. 
  

	2.16.	Cash Collateral. 

 (a) Certain Credit Support Events. If (i) an L/C Issuer
has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, (ii) as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, (iii) the Borrower
shall be required to provide Cash Collateral pursuant to Section 8.02(c), or (iv) there shall exist a Defaulting Lender and there is Fronting Exposure, the Borrower shall immediately (in the case of clause (ii) or (iii) above),
or within three Business Days (in all other cases) following any request by the Administrative Agent or the applicable L/C Issuer, provide Cash Collateral in an amount not less than the applicable Minimum Collateral Amount (determined in the case of
Cash Collateral provided pursuant to clause (iv) above, after giving effect to Section 2.17(a)(iv) and any Cash Collateral provided by the Defaulting Lender). 

(b) Grant of Security Interest. (i) The Borrower shall grant (and shall subject to the control of) the Administrative Agent, for
the benefit of the Administrative Agent, the L/C Issuers and the Lenders, and shall agree to maintain, and (ii) to the extent provided by any Defaulting Lender, such Defaulting Lender hereby grants (and subjects to the control of) the Administrative
Agent for the benefit of the Administrative Agent, the L/C Issuers and the Lenders, and agrees to maintain, in each case, a first priority security interest in all such cash, deposit accounts and all balances therein, and all other property so
provided as collateral pursuant hereto, and in all proceeds of the foregoing, all as security for the obligations to which such Cash Collateral may be applied pursuant to Section 2.16(c). If at any time the Administrative Agent determines
that Cash Collateral is subject to any right or claim of any Person other than the Administrative Agent or an L/C Issuer as herein provided, or that the total amount of such Cash Collateral is less than the Minimum Collateral Amount, the Borrower
will, promptly upon demand by the Administrative Agent, pay or provide to the Administrative Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency. All Cash Collateral (other than credit support not constituting funds
subject to deposit) shall be maintained in blocked, non-interest bearing deposit accounts at Bank of America. The Borrower shall pay on demand therefor from time to time all customary account opening, activity and other administrative fees and
charges in connection with the maintenance and disbursement of Cash Collateral. 
 (c) Application. Notwithstanding anything to
the contrary contained in this Agreement, Cash Collateral provided under any of this Section 2.16 or Sections 2.03, 2.05, 2.17 or 8.02 in respect of Letters of Credit shall be held and applied in satisfaction of
the specific L/C Obligations, obligations to fund participations therein (including, as to Cash Collateral provided by a Defaulting Lender, any interest accrued on such obligation) and other obligations for which the Cash Collateral was so provided,
prior to any other application of such property as may otherwise be provided for herein. 

  
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 (d) Release. Cash Collateral (or the appropriate portion thereof) provided to reduce
Fronting Exposure or to secure other obligations shall be released promptly following (i) the elimination of the applicable Fronting Exposure or other obligations giving rise thereto (including by the termination of Defaulting Lender status of the
applicable Lender) (or, as appropriate, its assignee following compliance with Section 10.06(b)(vi)) or (ii) the determination by the Administrative Agent and the applicable L/C Issuer that there exists excess Cash Collateral;
provided, however, (x) any such release shall be without prejudice to, and any disbursement or other transfer of Cash Collateral shall be and remain subject to, any other Lien conferred under the Loan Documents and the other applicable
provisions of the Loan Documents, and (y) the Person providing Cash Collateral and such L/C Issuer may agree that Cash Collateral shall not be released but instead held to support future anticipated Fronting Exposure or other obligations. 

 

	2.17.	Defaulting Lenders. 

 (a) Adjustments. Notwithstanding anything to the
contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then, until such time as that Lender is no longer a Defaulting Lender, to the extent permitted by applicable Law: 

(i) Waivers and Amendment. Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or
consent with respect to this Agreement shall be restricted as set forth in the definition of “Required Lenders” and Section 10.01. 

(ii) Defaulting Lender Waterfall. Any payment of principal, interest, fees or other amount received by the
Administrative Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article VIII or otherwise) or received by the Administrative Agent from a Defaulting Lender pursuant to Section
10.08), shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder; second, to the
payment on a pro rata basis of any amounts owing by such Defaulting Lender to an L/C Issuer or the Swing Line Lender hereunder; third, to Cash Collateralize an L/C Issuer’s Fronting Exposure with respect to such Defaulting Lender in
accordance with Section 2.16; fourth, as the Borrower may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as
required by this Agreement, as determined by the Administrative Agent; fifth, if so determined by the Administrative Agent and the Borrower, to be held in a deposit account and released pro rata in order to (x) satisfy such Defaulting
Lender’s potential future funding obligations with respect to Committed Loans under this Agreement and (y) Cash Collateralize an L/C Issuer’s future Fronting Exposure with respect to such Defaulting Lender with respect to future Letters of
Credit issued under this Agreement, in accordance with Section 2.16; sixth, to the payment of any amounts owing to the Lenders, the L/C Issuers or the Swing Line Lender as a result of any judgment of a court of competent jurisdiction
obtained by any Lender, any L/C Issuer or 

  
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the Swing Line Lender against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long as no Default or Event of
Default exists, to the payment of any amounts owing to the Borrower as a result of any judgment of a court of competent jurisdiction obtained by the Borrower against that Defaulting Lender as a result of that Defaulting Lender’s breach of its
obligations under this Agreement; and eighth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that, if (x) such payment is a payment of the principal amount of any Loans or L/C
Borrowings in respect of which such Defaulting Lender has not fully funded its appropriate share, and (y) such Loans were made or the related Letters of Credit were issued at a time when the conditions set forth in Section 4.02 were satisfied
or waived, such payment shall be applied solely to the pay the Loans of, and L/C Obligations owed to, all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or L/C Obligations owed to, such Defaulting
Lender until such time as all Committed Loans and funded and unfunded participations in L/C Obligations and Swing Line Loans are held by the Lenders pro rata in accordance with the Commitments hereunder without giving effect to
Section 2.17(a)(iv). Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash Collateral pursuant to this
Section 2.17(a)(ii) shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto. 

(iii) Certain Fees. 

(A) Each Defaulting Lender shall be entitled to receive fees payable under Section 2.09(a) for any period during which
that Lender is a Defaulting Lender only to extent allocable to the sum of (1) the outstanding principal amount of the Committed Loans funded by it, and (2) its Applicable Percentage of the stated amount of Letters of Credit for which it has provided
Cash Collateral pursuant to Section 2.16. 
 (B) Each Defaulting Lender shall be entitled to receive Letter of Credit
Fees for any period during which that Lender is a Defaulting Lender only to the extent allocable to its Applicable Percentage of the stated amount of Letters of Credit for which it has provided Cash Collateral pursuant to Section 2.16. 

(C) With respect to any fee payable under Section 2.09(a) or any Letter of Credit Fee not required to be paid to any
Defaulting Lender pursuant to clause (A) or (B) above, the Borrower shall (x) pay to each Non-Defaulting Lender that portion of any such fee otherwise payable to such Defaulting Lender with respect to such Defaulting Lender’s
participation in L/C Obligations or Swing Line Loans that has been reallocated to such Non-Defaulting Lender pursuant to clause (iv) below, (y) pay to each L/C Issuer and the Swing Line Lender, as applicable, the amount of any such fee
otherwise payable to such Defaulting Lender to the extent allocable to such L/C Issuer’s or Swing Line Lender’s Fronting Exposure to such Defaulting Lender, and (z) not be required to pay the remaining amount of any such fee. 

  
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 (iv) Reallocation of Applicable Percentages to Reduce Fronting
Exposure. All or any part of such Defaulting Lender’s participation in L/C Obligations and Swing Line Loans shall be reallocated among the Non-Defaulting Lenders in accordance with their respective Applicable Percentages (calculated
without regard to such Defaulting Lender’s Commitment) but only to the extent that (x) the conditions set forth in Section 4.02 are satisfied at the time of such reallocation, or are subsequently satisfied, in which event such
reallocation shall occur when such conditions are satisfied (and, unless the Borrower shall have otherwise notified the Administrative Agent at such time, the Borrower shall be deemed to have represented and warranted that such conditions are
satisfied at such time), and (y) such reallocation does not cause the aggregate Revolving Credit Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Commitment. Subject to Section 10.19, no reallocation
hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of the Borrower or a Non-Defaulting Lender as a result of
such Non-Defaulting Lender’s increased exposure following such reallocation. 
 (v) Cash Collateral, Repayment of
Swing Line Loans. If the reallocation described in clause (a)(iv) above cannot, or can only partially, be effected, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under applicable Law, (x)
first, prepay Swing Line Loans in any amount equal to the Swing Line Lender’s Fronting Exposure and (y) second, Cash Collateralize the L/C Issuers’ Fronting Exposure in accordance with the procedures set forth in Section
2.16. 
 (b) Defaulting Lender Cure. If the Borrower, the Administrative Agent, the Swing Line Lender and the L/C Issuers
agree in writing that a Lender is no longer a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein (which may
include arrangements with respect to any Cash Collateral), that Lender will, to the extent applicable, purchase at par that portion of outstanding Loans of the other Lenders or take such other actions as the Administrative Agent may determine to be
necessary to cause the Loans and funded and unfunded participations in Letters of Credit and Swing Line Loans to be held on a pro rata basis by the Lenders in accordance with their Applicable Percentages (without giving effect to
Section 2.17(a)(iv)), whereupon such Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower
while that Lender was a Defaulting Lender; provided further that, except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim
of any party hereunder arising from that Lender having been a Defaulting Lender. 

  
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 ARTICLE III. 

TAXES, YIELD PROTECTION AND ILLEGALITY 
  

	3.01.	Taxes. 

 (a) Payments Free of Taxes; Obligation to Withhold; Payments on Account of
Taxes. (i) Any and all payments by or on account of any obligation of the Borrower under any Loan Document shall be made without deduction or withholding for any Taxes, except as required by applicable Laws. If any applicable Laws
(as determined in the good faith discretion of the Administrative Agent or the Borrower, as applicable) require the deduction or withholding of any Tax from any such payment by the Administrative Agent or the Borrower, then the Administrative Agent
or the Borrower shall be entitled to make such deduction or withholding, upon the basis of the information and documentation to be delivered pursuant to clause (e) below. 

(ii) If the Borrower or the Administrative Agent shall be required by applicable Law to withhold or deduct any Taxes, including
both United States Federal backup withholding and withholding Taxes, from any payment, then (A) the Administrative Agent shall withhold or make such deductions as are determined by the Administrative Agent to be required based upon the information
and documentation it has received pursuant to clause (e) below, (B) the Administrative Agent shall timely pay the full amount withheld or deducted to the relevant Governmental Authority in accordance with applicable Law, and (C) to the extent
that the withholding or deduction is made on account of Indemnified Taxes, the sum payable by the Borrower shall be increased as necessary so that after any required withholding or the making of all required deductions (including deductions
applicable to additional sums payable under this Section 3.01) the applicable Recipient receives an amount equal to the sum it would have received had no such withholding or deduction of Indemnified Taxes been made. 

(b) Payment of Other Taxes by the Borrower. Without limiting the provisions of clause (a) above, the Borrower shall timely
pay to the relevant Governmental Authority in accordance with applicable Law, or at the option of the Administrative Agent timely reimburse it for the payment of, any Other Taxes. 

(c) Tax Indemnifications. (i) The Borrower shall, and does hereby indemnify each Recipient, and shall make payment in respect
thereof within 10 days after demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section 3.01) payable or paid by such Recipient or
required to be withheld or deducted from a payment to such Recipient, and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, other than penalties, interest or reasonable expenses arising from the gross
negligence or willful misconduct on the part of the Recipient as determined by a court of competent jurisdiction by final and nonappealable judgment, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant
Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by a Lender or an L/C Issuer (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf
of a 

  
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Lender or an L/C Issuer, shall be conclusive absent manifest error. The Borrower shall, and does hereby indemnify the Administrative Agent, and shall make payment in respect thereof within
10 days after demand therefor, for any amount which a Lender or an L/C Issuer for any reason fails to pay indefeasibly to the Administrative Agent as required pursuant to Section 3.01(c)(ii) below. 

(ii) Each Lender and each L/C Issuer shall, and does hereby, severally indemnify, and shall make payment in respect thereof
within 10 days after demand therefor, (x) the Administrative Agent against any Indemnified Taxes attributable to such Lender or such L/C Issuer (but only to the extent that the Borrower has not already indemnified the Administrative Agent for such
Indemnified Taxes and without limiting the obligation of the Borrower to do so), (y) the Administrative Agent against any Taxes attributable to such Lender’s failure to comply with the provisions of Section 10.06(d) relating to the
maintenance of a Participant Register and (z) the Administrative Agent and the Borrower, as applicable, against any Excluded Taxes attributable to such Lender or such L/C Issuer, in each case, that are payable or paid by the Administrative Agent or
the Borrower in connection with any Loan Document, and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental
Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest error. Each Lender and each L/C Issuer hereby authorizes the Administrative
Agent to set off and apply any and all amounts at any time owing to such Lender or L/C Issuer, as the case may be, under this Agreement or any other Loan Document against any amount due to the Administrative Agent under this clause (ii). 

(d) Evidence of Payments. Upon request by the Borrower or the Administrative Agent, as the case may be, after any payment of Taxes
by the Borrower or by the Administrative Agent to a Governmental Authority as provided in this Section 3.01, the Borrower shall deliver to the Administrative Agent or the Administrative Agent shall deliver to the Borrower, as the case may be,
the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of any return required by Laws to report such payment or other evidence of such payment reasonably satisfactory to the Borrower or
the Administrative Agent, as the case may be. 
 (e) Status of Lenders; Tax Documentation. (i) Any Lender that is entitled to an
exemption from or reduction of withholding Tax with respect to payments made under any Loan Document shall deliver to the Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower or the Administrative Agent,
such properly completed and executed documentation reasonably requested by the Borrower or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if
reasonably requested by the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable Law or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the
Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and
submission of such documentation (other than such documentation set forth in Section 3.01(e)(ii)(A), (ii)(B) and (ii)(D) below) shall not be required 

  
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if in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal
or commercial position of such Lender. 
 (ii) Without limiting the generality of the foregoing, in the event that the
Borrower is a U.S. Person: 
 (A) any Lender that is a U.S. Person shall deliver to the Borrower and the Administrative Agent
on or prior to the date on which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), executed originals of IRS Form W-9 certifying that such
Lender is exempt from U.S. federal backup withholding Tax; 
 (B) any Foreign Lender shall, to the extent it is legally
entitled to do so, deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to
time thereafter upon the reasonable request of the Borrower or the Administrative Agent), whichever of the following is applicable: 

(1) in the case of a Foreign Lender claiming the benefits of an income tax treaty to which the United States is a party (x)
with respect to payments of interest under any Loan Document, executed originals of IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable, establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the
“interest” article of such tax treaty and (y) with respect to any other applicable payments under any Loan Document, IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable, establishing an exemption from, or reduction of, U.S. federal
withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty; 
 (2)
executed originals of IRS Form W-8ECI; 
 (3) in the case of a Foreign Lender claiming the benefits of the exemption for
portfolio interest under Section 881(c) of the Code, (x) a certificate substantially in the form of Exhibit 3.01(a) to the effect that such Foreign Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code,
a “10 percent shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance
Certificate”) and (y) executed originals of IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable; or 
 (4) to
the extent a Foreign Lender is not the beneficial owner, executed originals of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable, a U.S. 

  
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Tax Compliance Certificate substantially in the form of Exhibit 3.01(b) or Exhibit 3.01(c), IRS Form W-9, and/or other certification documents from each beneficial owner, as
applicable; provided that if the Foreign Lender is a partnership and one or more direct or indirect partners of such Foreign Lender are claiming the portfolio interest exemption, such Foreign Lender may provide a U.S. Tax Compliance
Certificate substantially in the form of Exhibit 3.01(d) on behalf of each such direct and indirect partner; 

(C) any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative
Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the
Administrative Agent), executed originals of any other form prescribed by applicable Law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together with such supplementary documentation as may be
prescribed by applicable Law to permit the Borrower or the Administrative Agent to determine the withholding or deduction required to be made; and 

(D) if a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA if
such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Borrower and the Administrative Agent at
the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation prescribed by applicable Law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such
additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with their obligations under FATCA and to determine that such Lender has complied
with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (D), “FATCA” shall include any amendments made to FATCA after the Restatement
Effective Date. 
 Each Lender agrees that if any form or certification it previously delivered pursuant to this Section 3.01
expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the Borrower and the Administrative Agent in writing of its legal inability to do so. 

(f) Treatment of Certain Refunds. Unless required by applicable Laws, at no time shall the Administrative Agent have any
obligation to file for or otherwise pursue on behalf of a Lender or an L/C Issuer, or have any obligation to pay to any Lender or L/C Issuer, any refund of Taxes withheld or deducted from funds paid for the account of such Lender or L/C Issuer, as
the case may be. If any Recipient determines, in its sole discretion exercised in good faith, that it has received a refund of any Taxes as to which it has been indemnified by the Borrower or with

  
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respect to which the Borrower has paid additional amounts pursuant to this Section 3.01, it shall pay to the Borrower an amount equal to such refund (but only to the extent of
indemnity payments made, or additional amounts paid, by the Borrower under this Section 3.01 with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) incurred by such Recipient, and
without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund), provided that the Borrower, upon the request of the Recipient, agrees to repay the amount paid over to the Borrower (plus any
penalties, interest or other charges imposed by the relevant Governmental Authority, other than any penalties, interest, or other charges attributable to the gross negligence or willful misconduct on the part of the Recipient as determined by a
court of competent jurisdiction by final and nonappealable judgment) to the Recipient in the event the Recipient is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this subsection, in no
event will the applicable Recipient be required to pay any amount to the Borrower pursuant to this subsection the payment of which would place the Recipient in a less favorable net after-Tax position than such Recipient would have been in if the Tax
subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never been paid. This subsection shall not be
construed to require any Recipient to make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to the Borrower or any other Person. 

(g) Survival. Each party’s obligations under this Section 3.01 shall survive the resignation or replacement of the
Administrative Agent or any assignment of rights by, or the replacement of, a Lender or an L/C Issuer, the termination of the Commitments and the repayment, satisfaction or discharge of all other Obligations. 

(h) Defined Terms. For purposes of this Section 3.01, the term “applicable Law” or “applicable Laws”
includes FATCA. 
 (i) FATCA. For purposes of determining withholding Taxes imposed under FATCA, from and after the Restatement
Effective Date, the Borrower and the Administrative Agent shall treat (and the Lenders hereby authorize the Administrative Agent to treat) this Agreement as not qualifying as a “grandfathered obligation” within the meaning of Treasury
Regulation Section 1.1471-2(b)(2)(i). 
  

	3.02.	Illegality. 

 If any Lender determines that any Law has made it unlawful, or that any
Governmental Authority has asserted that it is unlawful, for any Lender or its applicable Lending Office to make, maintain or fund Committed Loans whose interest is determined by reference to the Eurodollar Rate, or to determine or charge interest
rates based upon the Eurodollar Rate, or any Governmental Authority has imposed material restrictions on the authority of such Lender to purchase or sell, or to take deposits of, Dollars in the London interbank market, then, on notice thereof by
such Lender to the Borrower through the Administrative Agent, (i) any obligation of such Lender to make or continue Eurodollar Rate Loans or to convert Base Rate Committed Loans to Eurodollar Rate Loans shall be suspended and (ii) if such notice
asserts the illegality of such Lender making or maintaining Base Rate Committed Loans the interest rate on which is 

  
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determined by reference to the Eurodollar Rate component of the Base Rate, the interest rate on which Base Rate Committed Loans of such Lender shall, if necessary to avoid such illegality, be
determined by the Administrative Agent without reference to the Eurodollar Rate component of the Base Rate, in each case until such Lender notifies the Administrative Agent and the Borrower that the circumstances giving rise to such determination no
longer exist. Upon receipt of such notice, (x) the Borrower shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay or, if applicable, convert all such Eurodollar Rate Loans of such Lender to Base Rate Committed
Loans (the interest rate on which Base Rate Committed Loans of such Lender shall, if necessary to avoid such illegality, be determined by the Administrative Agent without reference to the Eurodollar Rate component of the Base Rate), either on the
last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such Eurodollar Rate Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such Eurodollar Rate Loans and (y) if such notice
asserts the illegality of such Lender determining or charging interest rates based upon the Eurodollar Rate, the Administrative Agent shall during the period of such suspension compute the Base Rate applicable to such Lender without reference to the
Eurodollar Rate component thereof until the Administrative Agent is advised in writing by such Lender that it is no longer illegal for such Lender to determine or charge interest rates based upon the Eurodollar Rate. Upon any such prepayment or
conversion, the Borrower shall also pay accrued interest on the amount so prepaid or converted. 
  

	3.03.	Inability to Determine Rates. 

 If in connection with any request for a Eurodollar Rate
Loan or a conversion to or continuation thereof, (a) the Administrative Agent determines that (i) Dollar deposits are not being offered to banks in the London interbank eurodollar market for the applicable amount and Interest Period of such
Eurodollar Rate Loan (in each case with respect to this clause (a)(i), “Impacted Loans”), or (ii) adequate and reasonable means do not exist for determining the Eurodollar Rate for any requested Interest Period with respect
to a proposed Eurodollar Rate Loan or in connection with an existing or proposed Base Rate Loan, or (b) the Administrative Agent or the Required Lenders determine that for any reason the Eurodollar Rate for any requested Interest Period with respect
to a proposed Eurodollar Rate Loan does not adequately and fairly reflect the cost to such Lenders of funding such Eurodollar Rate Loan, the Administrative Agent will promptly so notify the Borrower and each Lender. Thereafter, (x) the
obligation of the Lenders to make or maintain Eurodollar Rate Loans shall be suspended (to the extent of the affected Eurodollar Rate Loans or Interest Periods), and (y) in the event of a determination described in the preceding sentence with
respect to the Eurodollar Rate component of the Base Rate, the utilization of the Eurodollar Rate component in determining the Base Rate shall be suspended, in each case until the Administrative Agent upon the instruction of the Required Lenders
revokes such notice. Upon receipt of such notice, the Borrower may revoke any pending request for a Borrowing of, conversion to or continuation of Eurodollar Rate Loans (to the extent of the affected Eurodollar Rate Loans or Interest Periods)
or, failing that, will be deemed to have converted such request into a request for a Committed Borrowing of Base Rate Loans in the amount specified therein. 

Notwithstanding the foregoing, if the Administrative Agent has made the determination described in clause (a)(i) of this
Section 3.03, the Administrative Agent, in consultation with the Borrower and the Required Lenders, may establish an alternative interest rate for the Impacted 

  
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Loans, in which case, such alternative rate of interest shall apply with respect to the Impacted Loans until (1) the Administrative Agent revokes the notice delivered with respect to the Impacted
Loans under the first sentence of this Section 3.03, (2) the Administrative Agent or the Required Lenders notify the Administrative Agent and the Borrower that such alternative interest rate does not adequately and fairly reflect the cost to
such Lenders of funding the Impacted Loans, or (3) any Lender determines that any Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for such Lender or its applicable Lending Office to make, maintain or
fund Loans whose interest is determined by reference to such alternative rate of interest or to determine or charge interest rates based upon such rate or any Governmental Authority has imposed material restrictions on the authority of such Lender
to do any of the foregoing and provides the Administrative Agent and the Borrower written notice thereof. 
  

	3.04.	Increased Costs; Reserves on Eurodollar Rate Loans. 

 (a) Increased Costs
Generally. If any Change in Law shall: 
 (i) impose, modify or deem applicable any reserve, special deposit,
compulsory loan, insurance charge or similar requirement against assets of, deposits with or for the account of, or credit extended or participated in by, any Lender (except any reserve requirement reflected in the Eurodollar Rate) or any L/C
Issuer; 
 (ii) subject any Recipient to any Taxes (other than (A) Indemnified Taxes and (B) the imposition of, or any change
in the rate of, any Excluded Tax) on its loans, loan principal, letters of credit, commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; or 

(iii) impose on any Lender or any L/C Issuer or the London interbank market any other condition, cost or expense affecting this
Agreement or Eurodollar Rate Loans made by such Lender or any Letter of Credit or participation therein; 
 and the result of any of the foregoing shall be
to increase the cost to such Lender of making or maintaining any Eurodollar Rate Loan (or of maintaining its obligation to make any such Loan), or to increase the cost to such Lender or such L/C Issuer of participating in, issuing or maintaining any
Letter of Credit (or of maintaining its obligation to participate in or to issue any Letter of Credit), or to reduce the amount of any sum received or receivable by such Lender or L/C Issuer hereunder (whether of principal, interest or any other
amount), then, upon request of such Lender or such L/C Issuer, the Borrower will pay to such Lender or L/C Issuer, as the case may be, such additional amount or amounts as will compensate such Lender or L/C Issuer, as the case may be, for such
additional costs incurred or reduction suffered. 
 (b) Capital Requirements. If any Lender or any L/C Issuer determines that
any Change in Law affecting such Lender or L/C Issuer or any Lending Office of such Lender or such Lender’s or L/C Issuer’s holding company, if any, regarding capital or liquidity requirements has or would have the effect of reducing the
rate of return on such Lender’s or L/C Issuer’s capital or on the capital of such Lender’s or L/C Issuer’s holding company, if any, as a consequence of this Agreement, the Commitments of such Lender or the Loans made by, or

  
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participations in Letters of Credit or Swing Line Loans held by, such Lender, or the Letters of Credit issued by such L/C Issuer, to a level below that which such Lender or L/C Issuer or such
Lender’s or L/C Issuer’s holding company would have achieved but for such Change in Law (taking into consideration such Lender’s or L/C Issuer’s policies and the policies of such Lender’s or L/C Issuer’s holding
company, if any, with respect to capital adequacy and liquidity), then from time to time the Borrower will pay to such Lender or L/C Issuer, as the case may be, such additional amount or amounts as will compensate such Lender or L/C Issuer or such
Lender’s or L/C Issuer’s holding company for any such reduction suffered. 
 (c) Certificates for Reimbursement. A
certificate of a Lender or an L/C Issuer setting forth the amount or amounts necessary to compensate such Lender or such L/C Issuer or its holding company, as the case may be, as specified in clause (a) or
(b) of this Section 3.04 and delivered to the Borrower shall be conclusive absent manifest error. The Borrower shall pay such Lender or L/C Issuer, as the case may be, the amount shown as due on any such certificate within 10
days after receipt thereof. 
 (d) Delay in Requests. Failure or delay on the part of any Lender or any L/C Issuer to demand
compensation pursuant to the foregoing provisions of this Section 3.04 shall not constitute a waiver of such Lender’s or L/C Issuer’s right to demand such compensation; provided that the Borrower shall not be required to
compensate a Lender or an L/C Issuer pursuant to the foregoing provisions of this Section 3.04 for any increased costs incurred or reductions suffered more than six months prior to the date that such Lender or L/C Issuer, as the case may be,
notifies the Borrower of the Change in Law giving rise to such increased costs or reductions and of such Lender’s or L/C Issuer’s intention to claim compensation therefor (except that, if the Change in Law giving rise to such increased
costs or reductions is retroactive, then the six-month period referred to above shall be extended to include the period of retroactive effect thereof). 

 

	3.05.	Compensation for Losses. 

 Upon demand of any Lender (with a copy to the Administrative
Agent) from time to time, the Borrower shall promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense (but not loss of anticipated profits or margin) incurred by it as a result of: 

(a) any continuation, conversion, payment or prepayment of any Loan other than a Base Rate Loan on a day other than the last day of the
Interest Period for such Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise); 
 (b) any failure by the
Borrower (for a reason other than the failure of such Lender to make a Loan) to prepay, borrow, continue or convert any Loan other than a Base Rate Loan on the date or in the amount notified by the Borrower; or 

(c) any assignment of a Eurodollar Rate Loan on a day other than the last day of the Interest Period therefor as a result of a request by the
Borrower pursuant to Section 10.13, 
 including any loss or expense arising from the liquidation or reemployment of funds
obtained by it to maintain such Loan, or from fees payable to terminate the deposits from which such funds were obtained. The Borrower shall also pay any customary administrative fees charged by such Lender in connection with the foregoing.

  
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 For purposes of calculating amounts payable by the Borrower to the Lenders under this
Section 3.05, each Lender shall be deemed to have funded each Eurodollar Rate Loan made by it at the Eurodollar Rate used in determining the Eurodollar Rate for such Loan by a matching deposit or other borrowing in the
London interbank eurodollar market for a comparable amount and for a comparable period, whether or not such Eurodollar Rate Loan was in fact so funded. A certificate of a Lender setting forth the amount or amounts necessary to compensate such
Lender as specified in this Section 3.05 and delivered to the Borrower shall be conclusive absent manifest error. 
  

	3.06.	Mitigation Obligations; Replacement of Lenders. 

 (a) Designation of a Different
Lending Office. If any Lender requests compensation under Section 3.04, or the Borrower is required to pay any Indemnified Taxes or additional amounts to any Lender, any L/C Issuer or any Governmental Authority for the account of any
Lender or any L/C Issuer pursuant to Section 3.01, or if any Lender gives a notice pursuant to Section 3.02, then at the request of the Borrower, such Lender or such L/C Issuer shall, as applicable, use reasonable efforts to designate
a different Lending Office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender or L/C Issuer, such designation or
assignment (i) would eliminate amounts payable pursuant to Section 3.01 or 3.04, as the case may be, in the future, or eliminate the need for the notice pursuant to Section 3.02, as applicable, and (ii) in each case, would not
subject such Lender or L/C Issuer, as the case may be, to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender or L/C Issuer, as the case may be. The Borrower hereby agrees to pay all reasonable costs and
expenses incurred by any Lender or any L/C Issuer in connection with any such designation or assignment. 
 (b) Replacement of
Lenders. If any Lender requests compensation under Section 3.04, or if the Borrower is required to pay any Indemnified Taxes or additional amounts to any Lender or any Governmental Authority for the account of any
Lender pursuant to Section 3.01 and, in each case, such Lender has declined or is unable to designate a different lending office in accordance with Section 3.06(a), then the Borrower may replace such Lender in
accordance with Section 10.13. 
  

	3.07.	Survival. 

 All of the Borrower’s obligations under this Article III shall
survive termination of the Aggregate Commitments, repayment of all other Obligations hereunder and resignation of the Administrative Agent. 

  
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 ARTICLE IV. 

CONDITIONS PRECEDENT 
  

	4.01.	[Reserved.] 

  

	4.02.	Conditions to all Credit Extensions. 

 The obligation of each Lender to honor any Request
for Credit Extension (other than a Committed Loan Notice requesting only a conversion of Committed Loans to the other Type, or a continuation of Eurodollar Rate Loans) is subject to the following conditions precedent: 

(a) The representations and warranties of the Borrower contained in Article V (other than Sections 5.05(b),
5.06 or 5.07) and in each other Loan Document or in any document furnished at any time under or in connection herewith or therewith, shall be true and correct on and as of the date of the Credit Extension requested thereby, except (i)
to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct as of such earlier date and (ii) that for purposes of this Section 4.02, the
representations and warranties contained in Section 5.05(a) shall be deemed to refer to the most recent statements furnished pursuant to Section 6.01(a). 

(b) No Default shall exist, or would result from such proposed Credit Extension or the application of the proceeds thereof. 

(c) The Administrative Agent and, if applicable, the applicable L/C Issuer or the Swing Line Lender shall have received a Request for Credit
Extension in accordance with the requirements hereof. 
 Each Request for Credit Extension (other than a Committed Loan Notice requesting
only a conversion of Committed Loans to the other Type or a continuation of Eurodollar Rate Loans) submitted by the Borrower shall be deemed to be a representation and warranty that the conditions specified in
Sections 4.02(a) and (b) have been satisfied on and as of the date of the applicable Credit Extension. 

ARTICLE V. 
 REPRESENTATIONS AND
WARRANTIES 
 The Borrower represents and warrants to the Administrative Agent and the Lenders that: 

 

	5.01.	Existence, Qualification and Power. 

 The Borrower (a) is duly organized or formed,
validly existing and, as applicable, in good standing under the Laws of the jurisdiction of its incorporation or organization, (b) has all requisite power and authority and all requisite governmental licenses, authorizations, consents and
approvals to (i) own or lease its assets and carry on its business in which it is currently engaged and (ii) execute, deliver and perform its obligations under the Loan Documents to which it is a party, and (c) is duly qualified and
is licensed and, as applicable, in good standing under 

  
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the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification or license; except in each case referred to in
clause (b)(i) or (c), to the extent that failure to do so would not reasonably be expected to have a Material Adverse Effect. 
  

	5.02.	Authorization; No Contravention. 

 The execution, delivery and performance by the
Borrower of each Loan Document have been duly authorized by all necessary corporate or other organizational action, and do not and will not (a) contravene the terms of any of the Borrower’s Organization Documents; (b) conflict with or
result in any breach or contravention of, or the creation of any Lien under, or require any payment to be made under (i) any material Contractual Obligation to which the Borrower is a party or affecting the Borrower or the properties of the
Borrower or any of its Subsidiaries or (ii) any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which the Borrower or any of its Subsidiaries or their properties are subject; or (c) violate any Law,
except, in each case referred to in clause (b) or (c), to the extent that such matters, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect. 

 

	5.03.	Governmental Authorization; Other Consents. 

 No approval, consent, exemption,
authorization, or other action by, or notice to, or filing with, any Governmental Authority or any other Person is necessary or required in connection with the execution, delivery or performance by, or enforcement against, the Borrower of this
Agreement or any other Loan Document. 
  

	5.04.	Binding Effect. 

 This Agreement has been, and each other Loan Document, when delivered
hereunder, will have been, duly executed and delivered by the Borrower. This Agreement constitutes, and each other Loan Document when so delivered will constitute, a valid and binding obligation of the Borrower, enforceable against the Borrower
in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles
(whether enforcement is sought by proceedings in equity or at law). 
  

	5.05.	Financial Statements; No Material Adverse Effect. 

 (a) The Audited Financial Statements
and the Unaudited Financial Statements (i) were prepared in accordance with GAAP, consistently applied throughout the periods covered thereby, except as otherwise expressly noted therein and (ii) fairly present in all material respects the
financial condition of the Borrower and its Subsidiaries as of the date thereof and their results of operations for the periods covered thereby in accordance with GAAP consistently applied throughout the periods covered thereby, except as otherwise
expressly noted therein, subject to normal year-end audit adjustments and the absence of certain footnotes in the case of the Unaudited Financial Statements. 

(b) Since the date of the Audited Financial Statements, there has been no event or circumstance, either individually or in the aggregate, that
has had or would reasonably be expected to have a Material Adverse Effect. 

  
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	5.06.	Litigation. 

 There are no actions, suits, proceedings, claims or disputes pending or, to
the knowledge of the Borrower, threatened or contemplated, at law, in equity, in arbitration or before any Governmental Authority, by or against the Borrower or any of its Subsidiaries or against any of their properties or revenues that
(a) could reasonably be expected to affect the legality, validity or enforceability of this Agreement or any other Loan Document, or any of the transactions contemplated hereby, or (b) either individually or in the aggregate would reasonably be
expected to have a Material Adverse Effect. 
  

	5.07.	No Default. 

 No Default has occurred and is continuing or would result from the
consummation of the transactions contemplated by this Agreement or any other Loan Document. 
  

	5.08.	Ownership of Property; Liens. 

 The Borrower and each of its Subsidiaries has good record
and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of its business, except for such defects in title as could not, individually or in the aggregate, reasonably be
expected to have a Material Adverse Effect. The property of the Borrower and its Subsidiaries is subject to no Liens, other than Liens permitted by Section 7.01. 

 

	5.09.	Environmental Compliance. 

 (a) There exists no claim alleging potential liability or
responsibility for violation of any Environmental Law with respect to the Borrower’s or any of its Subsidiaries’ respective businesses, operations and properties and (b) there exists no violation of any Environmental Law, in each case to
the extent such liability, responsibility or violation would, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 
  

	5.10.	Insurance. 

 The properties of the Borrower and its Subsidiaries are insured with
insurance companies not Affiliates of the Borrower (and, to the Borrower’s knowledge, such insurance companies are financially sound and reputable), in such amounts, with such deductibles and covering such risks as are customarily carried by
companies engaged in similar businesses and owning similar properties in localities where the Borrower or the applicable Subsidiary operates. 
  

	5.11.	Taxes. 

 The Borrower and its Subsidiaries have (a) filed all federal, state and other
material Tax returns and reports required to be filed, and (b) paid all federal, state and other material Taxes, assessments, fees and other governmental charges levied or imposed upon them or their 

  
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properties, income or assets otherwise due and payable, except those which are (i) being contested in good faith by appropriate proceedings diligently conducted and for which adequate reserves
have been provided in accordance with GAAP or (ii) would not reasonably be expected to have a Material Adverse Effect. There is no proposed written Tax assessment against the Borrower or any Subsidiary that has been delivered to the Borrower or
such Subsidiary that would, if made, have a Material Adverse Effect. 
  

	5.12.	ERISA Compliance. 

 Except as would not reasonably be expected to have a Material Adverse
Effect: 
 (a) Each Plan is in compliance in all material respects with the applicable provisions of ERISA, the Code and other federal or
state laws. Each Pension Plan that is intended to be a qualified plan under Section 401(a) of the Code has received a favorable determination or opinion letter from the IRS to the effect that the form of such Plan is qualified under
Section 401(a) of the Code and the trust related thereto has been determined by the IRS to be exempt from federal income Tax under Section 501(a) of the Code or an application for such a letter is currently being processed by the IRS. To
the best knowledge of the Borrower, nothing has occurred that would prevent, or cause the loss of, such Tax-qualified status. 
 (b) There
are no pending or, to the best knowledge of the Borrower, threatened claims, actions or lawsuits, or action by any Governmental Authority, with respect to any Plan. There has been no prohibited transaction or violation of the fiduciary
responsibility rules with respect to any Plan. 
 (c) (i) No ERISA Event has occurred and neither the Borrower nor any ERISA Affiliate is
aware of any fact, event or circumstance that could reasonably be expected to constitute or result in an ERISA Event with respect to any Pension Plan; (ii) the Borrower and each ERISA Affiliate has met all applicable requirements under the Pension
Funding Rules in respect of each Pension Plan, and no waiver of the minimum funding standards under the Pension Funding Rules has been applied for or obtained; (iii) as of the most recent valuation date for any Pension Plan, the funding target
attainment percentage (as defined in Section 430(d)(2) of the Code) is sixty percent (60%) or higher and neither the Borrower nor any ERISA Affiliate knows of any facts or circumstances that could reasonably be expected to cause the funding target
attainment percentage for any such plan to drop below sixty percent (60%) as of the most recent valuation date; (iv) neither the Borrower nor any ERISA Affiliate has incurred any liability to the PBGC other than for the payment of premiums, and
there are no premium payments which have become due that are unpaid; (v) neither the Borrower nor any ERISA Affiliate has engaged in a transaction that is reasonably likely to be subject to Section 4069 or Section 4212(c) of ERISA; and (vi) no
Pension Plan has been terminated by the plan administrator thereof nor by the PBGC, and no event or circumstance has occurred or exists that could reasonably be expected to cause the PBGC to institute proceedings under Title IV of ERISA to terminate
any Pension Plan. 

  
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	5.13.	Subsidiaries. 

 Set forth on Schedule 5.13 is a complete and accurate list of each
Material Subsidiary of the Borrower, together with jurisdiction of organization, as of the Restatement Effective Date. 
  

	5.14.	Margin Regulations; Investment Company Act. 

 (a) The Borrower is not engaged and does
not intend to engage, principally or as one of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U issued by the FRB) in violation of Regulation U, or extending credit for the
purpose of purchasing or carrying margin stock. The making of Credit Extensions hereunder and the use of the proceeds thereof will not result in a violation of Regulation U. 

(b) None of the Borrower or any Subsidiary is or is required to be registered as an “investment company” under the Investment
Company Act of 1940. 
  

	5.15.	Disclosure. 

 No report, financial statement, certificate or other information furnished
(whether in writing or orally) by or on behalf of the Borrower to the Administrative Agent or any Lender in connection with the transactions contemplated hereby and the negotiation of this Agreement or delivered hereunder or under any other Loan
Document (in each case, as modified or supplemented by other information so furnished) contains, as of the date of such report, financial statement, certificate or other information, any material misstatement of fact or omits to state any material
fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided that, with respect to projected financial information, the Borrower represents only that such information
was prepared in good faith based upon assumptions believed to be reasonable at the time. 
  

	5.16.	Compliance with Laws. 

 The Borrower and each of its Subsidiaries is in compliance in all
material respects with the requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its properties, except in such instances in which (a) such requirement of Law or order, writ, injunction or decree is
being contested in good faith by appropriate proceedings diligently conducted or (b) the failure to comply therewith, either individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect. 

 

	5.17.	Taxpayer Identification Number. 

 The true and correct U.S. taxpayer identification
number of the Borrower is set forth on Schedule 5.17. 
  

	5.18.	Intellectual Property; Licenses, Etc. 

 Unless failure to do so would not reasonably be
expected to result in a Material Adverse Effect, (a) the Borrower and its Subsidiaries own, or possess the right to use, all of the trademarks, service marks, trade names, copyrights, patents, patent rights, franchises, licenses

  
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and other intellectual property rights that are reasonably necessary for the operation of their respective businesses as currently engaged, without conflict with the rights of any other Person
and (b) no slogan or other advertising device, product, process, method, substance, part or other material now employed, or now contemplated to be employed, by the Borrower or any Subsidiary infringes upon any rights held by any other Person. No
claim or litigation regarding any of the foregoing is pending or, to the Borrower’s knowledge, threatened which either individually, or in the aggregate, would reasonably be expected to have a Material Adverse Effect. 

 

	5.19.	Sanctions. 

 (a) Neither the Borrower, nor any of its Subsidiaries, nor, to the knowledge
of the Borrower and its Subsidiaries, any director, officer or employee thereof, is an individual or entity that is, or is owned or controlled by any individual or entity that is (i) currently the subject of any Sanctions, (ii) included on
OFAC’s List of Specially Designated Nationals or Her Majesty’s Treasury’s Consolidated List of Financial Sanctions Targets and the Investment Ban List or (iii) located, organized or resident in a Designated Jurisdiction.

(b) No Loan, nor the proceeds from any Loan, has been used by the Borrower, directly or indirectly, to lend, contribute, provide or has been
otherwise made available to fund any activity or business in any Designated Jurisdiction or, to the knowledge of the Borrower, to fund any activity or business of any Person located, organized or residing in any Designated Jurisdiction or who is the
subject of any Sanctions, or, to the knowledge of the Borrower, in any other manner that, in each case, will result in any violation by any Person (including any Lender, any Arranger, the Administrative Agent, any L/C Issuer or the Swing Line
Lender) of Sanctions. 
  

	5.20.	Anti-Corruption Laws. 

 (a) The Borrower and its Subsidiaries have conducted their
businesses in all material respects in compliance with the United States Foreign Corrupt Practices Act of 1977 and the UK Bribery Act 2010 (“Anti-Corruption Laws”). The Borrower has instituted and maintained policies and procedures
reasonably designed to promote and achieve compliance with Anti-Corruption Laws. 
 (b) No Loan, nor the proceeds from any Loan, has been
used by the Borrower, directly or indirectly, in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of Anti-Corruption Laws. 

  
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 ARTICLE VI. 

AFFIRMATIVE COVENANTS 
 So long
as any Lender shall have any Commitment hereunder, any Loan or other Obligation hereunder shall remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding, the Borrower shall, and shall (except in the case of the covenants set
forth in Sections 6.01, 6.02, and 6.03) cause each Subsidiary to: 
  

	6.01.	Financial Statements. 

 Deliver to the Administrative Agent (for delivery to each
Lender), in form and detail satisfactory to the Administrative Agent: 
 (a) as soon as available, but in any event within 90 days after the
end of each fiscal year of the Borrower, a consolidated balance sheet of the Borrower and its Subsidiaries as at the end of such fiscal year, and the related consolidated statements of income or operations, shareholders’ equity and cash flows
for such fiscal year, setting forth in each case in comparative form the figures for the previous fiscal year, all in reasonable detail and prepared in accordance with GAAP, audited and accompanied by a report and opinion of an independent certified
public accountant of nationally recognized standing, which report and opinion shall be prepared in accordance with generally accepted auditing standards and shall not be subject to any “going concern” or like qualification or exception or
any qualification or exception as to the scope of such audit; and 
 (b) as soon as available, but in any event within 45 days after the end
of each of the first three fiscal quarters of each fiscal year of the Borrower, a consolidated balance sheet of the Borrower and its Subsidiaries as at the end of such fiscal quarter, the related consolidated statements of income or operations for
such fiscal quarter and for the portion of the Borrower’s fiscal year then ended, and the related consolidated statement of cash flows for the portion of the Borrower’s fiscal year then ended, in each case setting forth in comparative
form, as applicable, the figures for the corresponding fiscal quarter of the previous fiscal year and the corresponding portion of the previous fiscal year, all in reasonable detail, certified by the chief executive officer, chief financial officer,
treasurer or controller of the Borrower as fairly presenting the financial condition, results of operations, shareholders’ equity and cash flows of the Borrower and its Subsidiaries in accordance with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes. 
 As to any information contained in materials furnished
pursuant to Section 6.02(b), the Borrower shall not be separately required to furnish such information under clause (a) or (b) above. 

 

	6.02.	Certificates; Other Information. 

 Deliver to the Administrative Agent (for delivery to
each Lender), in form and detail satisfactory to the Administrative Agent: 
 (a) concurrently with the delivery of the financial statements
referred to in Sections 6.01(a) and (b), a duly completed Compliance Certificate signed by the chief executive officer, chief financial officer, treasurer or controller of the Borrower; 

(b) promptly after the same are available, copies of each annual report, proxy or financial statement or other report or communication sent to
the stockholders of the Borrower, and copies of all annual, regular, periodic and special reports and registration statements which the Borrower may file or be required to file with the SEC under Section 13 or 15(d) of the Securities
Exchange Act of 1934, that are not otherwise required to be delivered to the Administrative Agent and each Lender pursuant hereto; 

  
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 (c) promptly after the furnishing thereof, copies of any statement or report furnished to any
holder of debt securities of the Borrower or any of its Subsidiaries pursuant to the terms of any indenture, loan or credit or similar agreement that are not otherwise required to be furnished to the Administrative Agent and each Lender pursuant to
Section 6.01 or any other clause of this Section 6.02; 
 (d) promptly, and in any event
within five Business Days after receipt thereof by the Borrower or any of its Subsidiaries, copies of each notice or other correspondence received from the SEC (or comparable agency in any applicable non-U.S.
jurisdiction) concerning any investigation or possible investigation or other inquiry by such agency regarding financial or other operational results of the Borrower or any of its Subsidiaries; and 

(e) promptly, such additional information regarding the business, financial or corporate affairs of the Borrower or any of its Subsidiaries,
or compliance with the terms of the Loan Documents, as the Administrative Agent or any Lender may from time to time reasonably request. 

Documents required to be delivered pursuant to Section 6.01(a) or (b) or
Section 6.02(b) (to the extent any such documents are included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date
(i) on which the Borrower posts such documents, or provides a link thereto, on the Borrower’s website on the Internet at the website address listed on Schedule 10.02, or (ii) on which such documents are
posted on the Borrower’s behalf on an Internet or intranet website, if any, to which each Lender and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored by
the Administrative Agent); provided that: (i) the Borrower shall deliver paper copies of such documents to the Administrative Agent or any Lender that requests the Borrower to deliver such paper copies until a written request to cease
delivering paper copies is given by the Administrative Agent or such Lender and (ii) the Borrower shall notify the Administrative Agent (by facsimile or electronic mail) of the posting of any such documents and provide to the Administrative
Agent by electronic mail electronic versions (i.e., soft copies) of such documents. The Administrative Agent shall have no obligation to request the delivery or to maintain copies of the documents referred to above, and in any event
shall have no responsibility to monitor compliance by the Borrower with any such request for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents. 

The Borrower hereby acknowledges that (a) the Administrative Agent and/or the Arrangers may, but shall not be obligated to, make
available to the Lenders and the L/C Issuers materials and/or information provided by or on behalf of the Borrower hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on IntraLinks, Debt Domain, Syndtrak
or another similar electronic system (the “Platform”) and (b) certain of the Lenders (each, a “Public Lender”) may have personnel who do not wish to receive material
non-public information with respect to the Borrower or its Affiliates, or the respective securities of any of the foregoing, and who may be engaged in investment and other
market-related activities with respect to such Persons’ securities. The Borrower hereby agrees that (w) all Borrower Materials that are to be made available to Public Lenders shall be clearly and
conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently 

  
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on the first page thereof; (x) by marking Borrower Materials “PUBLIC,” the Borrower shall be deemed to have authorized the Administrative Agent, the Arrangers, the L/C Issuers and the
Lenders to treat such Borrower Materials as not containing any material non-public information (although it may be sensitive and proprietary) with respect to the Borrower or its securities for purposes of
United States federal and state securities laws (provided, however, that to the extent such Borrower Materials constitute Information, they shall be treated as set forth in Section 10.07); (y) all Borrower
Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated “Public Side Information;” and (z) the Administrative Agent and the Arrangers shall be entitled to treat any Borrower
Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not designated “Public Side Information.” Notwithstanding the foregoing, the Borrower shall not be under any obligation
to mark any Borrower Materials “PUBLIC.” 
  

	6.03.	Notices. 

 Promptly notify the Administrative Agent (for delivery to each Lender): 

(a) of the occurrence of any Default of which a Responsible Officer has knowledge; 

(b) of any matter that has resulted or would reasonably be expected to result in a Material Adverse Effect, including (to the extent any of
the following in this clause (b) has resulted or would reasonably be expected to result in a Material Adverse Effect) (i) breach or non-performance of, or any default under, a Contractual Obligation of
the Borrower or any Subsidiary; (ii) any dispute, litigation, investigation, proceeding or suspension between the Borrower or any Subsidiary and any Governmental Authority; (iii) the commencement of, or any material development in, any
litigation or proceeding affecting the Borrower or any Subsidiary, including pursuant to any applicable Environmental Laws; or (iv) the occurrence of any ERISA Event; and 

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

Each notice pursuant to this Section 6.03 (other than Section 6.03(c)) shall be
accompanied by a statement of a Responsible Officer of the Borrower setting forth details of the occurrence referred to therein and stating what action the Borrower has taken and proposes to take with respect thereto. Each notice pursuant to
Section 6.03(a) shall describe with particularity any and all provisions of this Agreement and any other Loan Document that have been breached. 
  

	6.04.	Payment of Obligations. 

 Pay and discharge, as the same shall become due and payable,
(a) all Tax liabilities, assessments and governmental charges or levies upon it or its properties or assets, and (b) all lawful claims which, if unpaid, would by law become a Lien upon its property (other than Liens permitted by Section
7.01(c)), except in each case (i) to the extent that the same are being contested in good faith by appropriate proceedings diligently conducted and adequate reserves in accordance with GAAP are being maintained by the Borrower or such
Subsidiary, or (ii) where any failure to do so could not reasonably be expected to result in a Material Adverse Effect. 

  
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	6.05.	Preservation of Existence, Etc. 

 (a) Preserve, renew and maintain in full force and
effect its legal existence and good standing under the Laws of the jurisdiction of its organization except in a transaction permitted by Section 7.03 or Section 7.04 and except in the case of Subsidiaries (other than
Material Subsidiaries) where the failure to do so would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect; (b) take all reasonable action to maintain all rights, privileges, permits, licenses and
franchises necessary or desirable in the normal conduct of its business, except to the extent that failure to do so would not reasonably be expected to have a Material Adverse Effect; and (c) preserve or renew all of its registered copyrights,
patents, trademarks, trade names and service marks, the non-preservation of which would have or be reasonably expected to have a Material Adverse Effect. 

 

	6.06.	Maintenance of Properties. 

 (a) Maintain, preserve and protect all of its material
properties and equipment necessary in the operation of its business in good working order and condition, ordinary wear and tear excepted; (b) make all necessary repairs thereto and renewals and replacements thereof except, in each of clause
(a) and (b) above, where the failure to do so would not reasonably be expected to have a Material Adverse Effect; and (c) use the reasonable standard of care typical in the industry in the operation and maintenance of its facilities. 

 

	6.07.	Maintenance of Insurance. 

 Maintain insurance with insurance companies (and, to the
Borrower’s knowledge, with such insurance companies that are financially sound and reputable) with respect to its properties and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar
business, of such types and in such amounts as are customarily carried under similar circumstances by such other Persons. 
  

	6.08.	Compliance with Laws. 

 Comply in all respects with the requirements of all Laws and all
orders, writs, injunctions and decrees applicable to it or to its business or property, except in such instances in which (a) such requirement of Law or order, writ, injunction or decree is being contested in good faith by appropriate
proceedings diligently conducted, or (b) the failure to comply therewith would not reasonably be expected to have a Material Adverse Effect. 
  

	6.09.	Books and Records. 

 (a) Maintain proper books of record and account, in which full, true
and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of the Borrower and its Subsidiaries, and (b) maintain such books of record and account
in material conformity with all applicable requirements of any Governmental Authority having regulatory jurisdiction over the Borrower or any Subsidiary, as the case may be. 

  
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	6.10.	Inspection Rights. 

 Permit representatives and independent contractors of the
Administrative Agent to visit and inspect any of its properties, to examine its corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss its affairs, finances and accounts with its directors,
officers, and independent public accountants, at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the Borrower; provided, however, that unless an Event of
Default shall have occurred and be continuing, the Administrative Agent shall not (whether at its own request or at the request of a Lender) exercise such rights more than one time in any calendar year, and provided further, that when
an Event of Default exists the Administrative Agent or any Lender (or any of their respective representatives or independent contractors) may do any of the foregoing at the expense of the Borrower at any time during normal business hours and without
advance notice. 
  

	6.11.	Use of Proceeds. 

 Use the proceeds of the Credit Extensions (a) to repay existing
indebtedness and (b) for stock repurchases, acquisitions, capital expenditures, working capital and other lawful corporate purposes. 
  

	6.12.	Anti-Corruption Laws. 

 Conduct its businesses in all material respects in compliance
with the Anti-Corruption Laws and maintain policies and procedures reasonably designed to promote and achieve compliance by the Borrower and its Subsidiaries with such Laws. 

ARTICLE VII. 
 NEGATIVE COVENANTS

 So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation hereunder shall remain unpaid or unsatisfied, or
any Letter of Credit shall remain outstanding: 
  

	7.01.	Liens. 

 The Borrower shall not, nor shall it permit any Subsidiary to, directly or
indirectly, create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than the following: 

(a) Liens pursuant to any Loan Document and Liens existing on the Restatement Effective Date as set forth on
Schedule 7.01 and any renewals or extensions thereof; provided that (i) the property covered thereby is not changed, (ii) the amount secured or benefited thereby is not increased and (iii) the direct or any contingent obligor with
respect thereto is not changed. 
 (b) Liens for Taxes not yet due or which are being contested in good faith and by
appropriate proceedings diligently conducted, if adequate reserves with respect thereto are maintained on the books of the applicable Person in accordance with GAAP; 

  
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 (c) carriers’, warehousemen’s, mechanics’, materialmen’s,
repairmen’s or other like Liens arising in the ordinary course of business which are not overdue for a period of more than 30 days or which are being contested in good faith and by appropriate proceedings diligently conducted, if adequate
reserves with respect thereto are maintained on the books of the applicable Person; 
 (d) pledges or deposits in the
ordinary course of business in connection with workers’ compensation, unemployment insurance and other social security legislation, other than any Lien imposed by ERISA; 

(e) deposits to secure the performance of bids, trade contracts and leases, statutory obligations, surety and appeal bonds,
performance bonds and other obligations of a like nature (other than Indebtedness) incurred in the ordinary course of business, including deposits securing reimbursement obligations under commercial letters of credit that do not constitute
Indebtedness; 
 (f) easements,
rights-of-way, restrictions and other similar encumbrances affecting real property which, in the aggregate, are not substantial in amount, and which do not in any case
materially detract from the value of the property subject thereto or materially interfere with the ordinary conduct of the business of the applicable Person; 

(g) Liens securing judgments for the payment of money not constituting an Event of Default under
Section 8.01(h) or securing appeal or other surety bonds related to such judgments; 
 (h)
precautionary UCC filings in respect of operating leases; 
 (i) leases, licenses, subleases or sublicenses granted to others
in the ordinary course of business which do not (i) interfere in any material respect with the business of the Borrower or the Borrower and its Subsidiaries taken as a whole or (ii) secure any Indebtedness; 

(j) Liens securing Swap Contracts permitted under Section 7.02(e); 

(k) Liens in favor of a lessor under any lease entered into by the Borrower or any Subsidiary in the ordinary course of
business but only with respect to the assets so leased; 
 (l) Liens securing Indebtedness permitted under
Section 7.02(f); provided that (i) such Liens do not at any time encumber any property other than the property financed by such Indebtedness and (ii) the Indebtedness secured thereby does not exceed the
cost or fair market value, whichever is lower, of the property being acquired on the date of acquisition; 
 (m) Liens on
assets of any entity acquired by the Borrower or any of its Subsidiaries in a transaction permitted under this Agreement; provided that such Liens are in existence on the date of such acquisition and not created in anticipation thereof; and

 (n) Liens securing Indebtedness of the Borrower and its Subsidiaries (in addition to Sections 7.01(l) and
(m) above) in an aggregate principal amount not to exceed, at any one time, the greater of (i) $375,000,000 and (ii) 5% of Consolidated Tangible Assets. 

  
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	7.02.	Indebtedness. 

 The Borrower will not permit its Subsidiaries, directly or indirectly, to
create, assume or incur any Indebtedness except for the following: 
 (a) Indebtedness created under the Loan Documents; 

(b) Indebtedness existing on the Restatement Effective Date as set forth on Schedule 7.02 and
extensions, renewals and replacements of any such Indebtedness in a principal amount not in excess of that outstanding as of the Restatement Effective Date plus amounts equal to a reasonable premium or other reasonable amounts paid and fees and
expenses reasonably incurred in connection with such financing; 
 (c) Indebtedness of any Subsidiary to the Borrower or any
other Subsidiary; 
 (d) Guarantees by any Subsidiary of Indebtedness of any other Subsidiary permitted hereunder; 

(e) obligations (contingent or otherwise) of any Subsidiary existing or arising under any Swap Contract; provided that
such obligations are (or were) entered into by such Subsidiary in the ordinary course of business for the purpose of directly mitigating risks associated with liabilities, commitments, investments, assets, or property held or reasonably anticipated
by such Subsidiary, or changes in the value of securities issued by such Subsidiary, and not for purposes of speculation or taking a “market view”; 

(f) Indebtedness in respect of capital leases, Synthetic Lease Obligations and purchase money obligations for fixed or capital
assets in an aggregate amount not to exceed, at any one time, $300,000,000; 
 (g) [Reserved]; 

(h) [Reserved]; and 

(i) other Indebtedness in an aggregate principal amount not to exceed, at any one time outstanding, the greater of (i)
$1,125,000,000 and (ii) 15% of Consolidated Tangible Assets. 

  
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	7.03.	Fundamental Changes. 

 The Borrower shall not, nor shall it permit any Subsidiary to,
directly or indirectly, merge, dissolve, liquidate, consolidate or amalgamate with or into another Person, except that: 

(a) the Borrower may merge with another Person; provided that the Borrower is the continuing or surviving Person; 

(b) [Reserved]; and 

(c) any Subsidiary may merge, consolidate, amalgamate, liquidate or dissolve if such merger, consolidation, amalgamation,
liquidation or dissolution does not cause or is not reasonably expected to cause a Material Adverse Effect and, for the avoidance of doubt, to the extent not involving a merger, consolidation, amalgamation, liquidation or dissolution not otherwise
permitted by this clause, may change its jurisdiction of organization and/or tax residence. 
  

	7.04.	Dispositions. 

 The Borrower shall not, nor shall it permit any Subsidiary to, directly
or indirectly, make any Disposition or enter into any agreement to make any Disposition, except: 
 (a) Dispositions of
obsolete or worn out property, whether now owned or hereafter acquired, in the ordinary course of business; 
 (b)
Dispositions of inventory in the ordinary course of business; 
 (c) Dispositions of equipment or real property to the extent
that (i) such property is exchanged for credit against the purchase price of similar replacement property or (ii) the proceeds of such Disposition are reasonably promptly applied to the purchase price of such replacement property; 

(d) Dispositions of property from the Borrower to a Subsidiary or from a Subsidiary to the Borrower or another Subsidiary; and

 (e) Dispositions by the Borrower and its Subsidiaries not otherwise permitted under this Section 7.04;
provided that the aggregate book value of all property disposed of in reliance on this clause (e) shall not exceed 30% of the consolidated total assets of the Borrower and its Subsidiaries, as determined in accordance with GAAP
(measured as of the applicable date of the financial information most recently delivered to the Administrative Agent pursuant to Section 6.01(a)). 
  

	7.05.	Use of Proceeds. 

 The Borrower shall not, nor shall it permit any Subsidiary to,
directly or indirectly, use the proceeds of any Credit Extension, whether directly or indirectly, except in accordance with Section 6.11 and in no event shall any Credit Extension, whether immediately, incidentally or ultimately, be used to
purchase or carry margin stock (within the meaning of Regulation U of the 

  
 78 

 
FRB) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund indebtedness originally incurred for such purpose, in each case, to the extent such action
would violate Regulation U. 
  

	7.06.	Fiscal Year. 

 The Borrower shall not, directly or indirectly, change its fiscal year.

  

	7.07.	Financial Covenant. 

 The Borrower shall not permit the Consolidated Leverage Ratio, as
at the end of any fiscal quarter of the Borrower, to be greater than 3.0 to 1.0. 
  

	7.08.	Sanctions. 

 The Borrower shall not, directly or, to the knowledge of the Borrower,
indirectly, use the proceeds of any Credit Extension, or lend, contribute or otherwise make available such proceeds to any Subsidiary, joint venture partner or other individual or entity, to fund any activities of or business with any individual or
entity, or in any Designated Jurisdiction, that, at the time of such funding, is the subject of Sanctions, in each case, in any manner that will result in a violation by any individual or entity (including any individual or entity participating in
the transaction, whether as Lender, Arranger, Administrative Agent, L/C Issuer, Swing Line Lender, or otherwise) of Sanctions. 
  

	7.09.	Anti-Corruption Laws. 

 The Borrower shall not, directly or, to the knowledge of the
Borrower, indirectly use the proceeds of any Credit Extension for any purpose which would breach the Anti-Corruption Laws. 
 ARTICLE VIII.

 EVENTS OF DEFAULT AND REMEDIES 
  

	8.01.	Events of Default. 

 Any of the following shall constitute an Event of Default: 

(a) Non-Payment. The Borrower fails to pay (i) when and
as required to be paid herein any amount of principal of any Loan or any L/C Obligation, (ii) within five days after the same becomes due, any interest on any Loan or on any L/C Obligation, or any fee due hereunder, or (iii) within five
days after the same becomes due, any other amount payable hereunder or under any other Loan Document; or 
 (b) Specific
Covenants. The Borrower fails to perform or observe any term, covenant or agreement contained in any of Section 6.03(a), 6.05 or 6.11 or Article VII; or 

(c) Other Defaults. The Borrower fails to perform or observe any other

  
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covenant or agreement (not specified in clause (a) or (b) above) contained in any Loan Document on its part to be performed or observed and such failure
continues for 30 days after written notice of default is provided by the Administrative Agent; or 
 (d) Representations
and Warranties. Any representation or warranty made or deemed made by or on behalf of the Borrower herein, in any other Loan Document, or in any document delivered in connection herewith or therewith shall be incorrect or misleading in any
material respect when made or deemed made; or 
 (e)
Cross-Default. The Borrower or any Material Subsidiary (i) fails to make any payment when due (whether by scheduled maturity, required prepayment, acceleration, demand, or
otherwise) in respect of any Indebtedness or Guarantee (other than Indebtedness hereunder and Indebtedness under Swap Contracts) having an aggregate principal amount (including amounts owing to all creditors under any combined or syndicated credit
arrangement) of more than the Threshold Amount or (ii) fails to observe or perform any other agreement or condition relating to any such Indebtedness or Guarantee having an aggregate principal amount (including amounts owing to all creditors
under any combined or syndicated credit arrangement) of more than the Threshold Amount or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event occurs, the effect of which default or other event is to
cause, or to permit the holder or holders of such Indebtedness or the beneficiary or beneficiaries of such Guarantee (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with the giving of notice if
required, such Indebtedness to be demanded or to become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), prior to its stated maturity, or such Guarantee to become payable or cash collateral in respect thereof to
be demanded; or 
 (f) Insolvency Proceedings, Etc. The Borrower or any Material Subsidiary institutes or
consents to the institution of any proceeding under any Debtor Relief Law, or makes an assignment for the benefit of creditors; or applies for or consents to the appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator
or similar officer for it or for all or any material part of its property; or any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed without the application or consent of such Person and the
appointment continues undischarged or unstayed for 60 calendar days; or any proceeding under any Debtor Relief Law relating to any such Person or to all or any material part of its property is instituted without the consent of such Person and
continues undismissed or unstayed for 60 calendar days, or an order for relief is entered in any such proceeding; or 
 (g)
Inability to Pay Debts; Attachment. (i) The Borrower or any Material Subsidiary admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or
similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within 30 days after its issue or levy; or 

  
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 (h) Judgments. There is entered against the Borrower or any Material
Subsidiary one or more final judgments or orders for the payment of money in an aggregate amount (as to all such judgments or orders) exceeding the Threshold Amount (to the extent not covered by independent
third-party insurance as to which the insurer does not dispute coverage) and there is a period of 30 consecutive days during which such judgment is not satisfied or discharged or a stay of enforcement of
such judgment, by reason of a pending appeal or otherwise, is not in effect; or 
 (i) ERISA. (i) An ERISA
Event occurs with respect to a Pension Plan which has resulted or would reasonably be expected to result in liability of the Borrower under Title IV of ERISA to the Pension Plan or the PBGC in an aggregate amount in excess of the Threshold
Amount, or (ii) the Borrower or any ERISA Affiliate fails to pay when due, after the expiration of any applicable grace period, any installment payment with respect to its withdrawal liability under Section 4201 of ERISA under a
Multiemployer Plan in an aggregate amount in excess of the Threshold Amount; or 
 (j) Invalidity of Loan
Documents. Any material provision of any Loan Document, at any time after its execution and delivery and for any reason other than as expressly permitted hereunder or thereunder or satisfaction in full of all the Obligations, ceases to be
in full force and effect; or the Borrower or any other Subsidiary contests in any manner the validity or enforceability of any Loan Document; or the Borrower denies that it has any or further liability or obligation under any Loan Document, or
purports to revoke, terminate or rescind any Loan Document; or 
 (k) Change of Control. There occurs any Change
of Control. 
  

	8.02.	Remedies Upon Event of Default. 

 If any Event of Default occurs and is
continuing, the Administrative Agent shall, at the request of, or may, with the consent of, the Required Lenders, take any or all of the following actions: 

(a) declare the Commitment of each Lender and any obligation of the L/C Issuers to make L/C Credit Extensions to be terminated,
whereupon such Commitments and obligation shall be terminated; 
 (b) declare the unpaid principal amount of all outstanding
Loans, all interest accrued and unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are
hereby expressly waived by the Borrower; 
 (c) require that the Borrower Cash Collateralize the L/C Obligations (in an
amount equal to the Minimum Collateral Amount with respect thereto); and 
 (d) exercise on behalf of itself, the Lenders and
the L/C Issuers all rights and remedies available to it, the Lenders and the L/C Issuers under the Loan Documents; 

  
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 provided, however, that upon the occurrence of an actual or deemed entry of an order for relief
with respect to the Borrower under Debtor Relief Laws, the obligation of each Lender to make Loans and any obligation of the L/C Issuers to make L/C Credit Extensions shall automatically terminate, the unpaid principal amount of all outstanding
Loans and all interest and other amounts as aforesaid shall automatically become due and payable, and the obligation of the Borrower to Cash Collateralize the L/C Obligations as aforesaid shall automatically become effective, in each case without
presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by the Borrower, and without further act of the Administrative Agent or any Lender. 

 

	8.03.	Application of Funds. 

 After the exercise of remedies provided for in
Section 8.02 (or after the Loans have automatically become immediately due and payable and the L/C Obligations have automatically been required to be Cash Collateralized as set forth in the proviso to
Section 8.02), any amounts received on account of the Obligations shall be applied by the Administrative Agent in the following order: 

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

Second, to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal, interest
and Letter of Credit Fees) payable to the Lenders and the L/C Issuers (including fees, charges and disbursements of counsel to the respective Lenders and the L/C Issuers and amounts payable under Article III), ratably among
them in proportion to the respective amounts described in this clause Second payable to them; 
 Third, to payment of that
portion of the Obligations constituting accrued and unpaid Letter of Credit Fees and interest on the Loans, L/C Borrowings and other Obligations, ratably among the Lenders and the L/C Issuers in proportion to the respective amounts described in this
clause Third payable to them; 
 Fourth, to payment of that portion of the Obligations constituting unpaid principal of the
Loans and L/C Borrowings, ratably among the Lenders and the L/C Issuers in proportion to the respective amounts described in this clause Fourth held by them; 

Fifth, to the Administrative Agent for the account of the L/C Issuers and the Lenders, to Cash Collateralize that portion of L/C
Obligations comprised of the aggregate undrawn amount of Letters of Credit; and 
 Last, the balance, if any, after all of the
Obligations have been indefeasibly paid in full, to the Borrower or as otherwise required by Law. 
 Subject to Sections 2.03(c)
and 2.16, amounts used to Cash Collateralize the aggregate undrawn amount of Letters of Credit pursuant to clause Fifth above shall be applied to satisfy drawings under such Letters of Credit as they occur. If any amount remains
on deposit as Cash Collateral after all Letters of Credit have either been fully drawn or expired, such remaining amount shall be applied to the other Obligations, if any, in the order set forth above. 

  
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 ARTICLE IX. 

ADMINISTRATIVE AGENT 
  

	9.01.	Appointment and Authority. 

 Each of the Lenders and the L/C Issuers hereby irrevocably
appoints Bank of America to act on its behalf as the Administrative Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the
Administrative Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. The provisions of this Article are solely for the benefit of the Administrative Agent, the Lenders and the L/C Issuers,
and the Borrower shall not have rights as a third party beneficiary of any of such provisions. It is understood and agreed that the use of the term “agent” herein or in any other Loan Documents (or any other similar term) with reference to
the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable Law. Instead such term is used as a matter of market custom, and is intended to create or
reflect only an administrative relationship between contracting parties. 
  

	9.02.	Rights as a Lender. 

 The Person serving as the Administrative Agent hereunder shall have
the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent, and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated
or unless the context otherwise requires, include the Person serving as the Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, own securities of, act as the
financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder and without any duty to
account therefor to the Lenders. 
  

	9.03.	Exculpatory Provisions. 

 The Administrative Agent shall not have any duties or
obligations except those expressly set forth herein and in the other Loan Documents, and its duties hereunder shall be administrative in nature. Without limiting the generality of the foregoing, the Administrative Agent: 

(a) shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is
continuing; 
 (b) shall not have any duty to take any discretionary action or exercise any discretionary powers, except
discretionary rights and powers expressly contemplated hereby or by the other Loan Documents or the other documents executed or delivered in connection therewith that the Administrative Agent is required to exercise as directed in writing by the
Required Lenders (or such other number or percentage of the Lenders as 

  
 83 

 
shall be expressly provided for herein or in the other Loan Documents); provided that the Administrative Agent shall not be required to take any action that, in its opinion or the opinion
of its counsel, may expose the Administrative Agent to liability or that is contrary to any Loan Document or applicable law, including, for the avoidance of doubt, any action that may be in violation of the automatic stay under any Debtor Relief Law
or that may affect a forfeiture, modification or termination of property of a Defaulting Lender in violation of any Debtor Relief Law; and 

(c) shall not, except as expressly set forth herein and in the other Loan Documents, have any duty to disclose, and shall not
be liable for the failure to disclose, any information relating to any of the Borrower or any of its Affiliates that is communicated to or obtained by the Person serving as the Administrative Agent or any of its Affiliates in any capacity. 

The Administrative Agent shall not be liable to any Lender for any action taken or not taken by it (i) with the consent or at the request of
the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be necessary, under the circumstances as provided in
Sections 10.01 and 8.02) or (ii) in the absence of its own gross negligence or willful misconduct as determined by a court of competent jurisdiction by final and non-appealable judgment. The Administrative Agent
shall be deemed not to have knowledge of any Default unless and until notice describing such Default is given in writing to the Administrative Agent by the Borrower, a Lender or an L/C Issuer. 

The Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or
representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the
performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any
other Loan Document or any other agreement, instrument or document or (v) the satisfaction of any condition set forth in Article IV or elsewhere herein, other than to confirm receipt of items expressly required to be
delivered to the Administrative Agent. 
  

	9.04.	Reliance by Administrative Agent. 

 The Administrative Agent shall be entitled to rely
upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution)
believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the
proper Person, and shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of a Loan, or the issuance, extension, renewal or increase of a Letter of Credit, that by its terms must
be fulfilled to the satisfaction of a Lender or an L/C Issuer, the Administrative Agent may presume that such condition is satisfactory to such Lender or such L/C Issuer unless the Administrative Agent shall have received notice to the contrary from
such 

  
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Lender or such L/C Issuer prior to the making of such Loan or the issuance of such Letter of Credit. The Administrative Agent may consult with legal counsel (who may be counsel for the Borrower),
independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. 

 

	9.05.	Delegation of Duties. 

 The Administrative Agent may perform any and all of its duties
and exercise its rights and powers hereunder or under any other Loan Document or the other documents executed or delivered in connection therewith by or through any one or more sub-agents appointed by the
Administrative Agent. The Administrative Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory
provisions of this Article IX shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall
apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as Administrative Agent. The Administrative Agent shall not be responsible for the negligence or misconduct of
any sub-agents except to the extent that a court of competent jurisdiction determines in a final and non-appealable judgment that the Administrative Agent acted with gross negligence or willful misconduct in the selection of such sub-agents. 

 

	9.06.	Resignation of Administrative Agent. 

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

  
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 (c) With effect from the Resignation Effective Date or the Removal Effective Date (as
applicable), (1) the retiring or removed Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents and (2) except for any indemnity payments or other amounts then owed to the retiring or
removed Administrative Agent, all payments, communications and determinations provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender and each L/C Issuer directly, until such time, if any, as the
Required Lenders appoint a successor Administrative Agent as provided above. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers,
privileges and duties of the retiring or removed Administrative Agent (other than as provided in Section 3.01(g) and other than any rights to indemnity payments or other amounts owed to the retiring or removed Administrative Agent as of
the Resignation Effective Date or the Removal Effective Date, as applicable), and the retiring or removed Administrative Agent shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents (if not already
discharged therefrom as provided above in this Section 9.06). The fees payable by the Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrower and
such successor. After the retiring or removed Administrative Agent’s resignation or removal hereunder and under the other Loan Documents, the provisions of this Article IX and Section 10.04 shall continue in effect for
the benefit of such retiring or removed Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring Administrative Agent was acting as
Administrative Agent. 
 Any resignation by or removal of Bank of America as Administrative Agent pursuant to this Section 10.04 shall also
constitute its resignation or removal as L/C Issuer and Swing Line Lender. If Bank of America resigns as L/C Issuer, it shall retain all the rights, powers, privileges and duties of an L/C Issuer hereunder with respect to all Letters of Credit
outstanding as of the effective date of its resignation as L/C Issuer and all L/C Obligations with respect thereto, including the right to require the Lenders to make Base Rate Loans or fund risk participations in Unreimbursed Amounts pursuant to
Section 2.03(c). If Bank of America resigns as Swing Line Lender, it shall retain all the rights of the Swing Line Lender provided for hereunder with respect to Swing Line Loans made by it and outstanding as of the effective date of such
resignation, including the right to require the Lenders to make Base Rate Loans or fund risk participations in outstanding Swing Line Loans pursuant to Section 2.04(c). Upon the appointment by the Borrower of a successor L/C Issuer or
Swing Line Lender hereunder (which successor shall in all cases be a Lender other than a Defaulting Lender), (a) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer or
Swing Line Lender, as applicable, (b) the retiring L/C Issuer and Swing Line Lender shall be discharged from all of their respective duties and obligations hereunder or under the other Loan Documents, and (c) the successor L/C Issuer shall issue
letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to Bank of America to effectively assume the obligations of Bank of America with respect to such
Letters of Credit. 

  
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	9.07.	Non-Reliance on Administrative Agent and Other Lenders. 

Each Lender and each L/C Issuer acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender
or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender and each L/C Issuer also acknowledges that it will,
independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in
taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder. 
  

	9.08.	No Other Duties, Etc. 

 Anything herein to the contrary notwithstanding, none of the
arrangers, bookrunners, syndication agents, documentation agents or co-agents named on the cover page of this Agreement shall have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents, except in its
capacity, as applicable, as the Administrative Agent, a Lender or an L/C Issuer hereunder. 
  

	9.09.	Administrative Agent May File Proofs of Claim. 

 In case of the pendency of
any proceeding under any Debtor Relief Law or any other judicial proceeding relative to the Borrower, the Administrative Agent (irrespective of whether the principal of any Loan or L/C Obligation shall then be due and payable as herein expressed or
by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered, by intervention in such proceeding or otherwise: 

(a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, L/C Obligations and
all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders, the L/C Issuers and the Administrative Agent (including any claim for the reasonable
compensation, expenses, disbursements and advances of the Lenders, the L/C Issuers and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders, the L/C Issuers and the Administrative Agent under
Sections 2.03(h) and (i), 2.09 and 10.04) allowed in such judicial proceeding; and 
 (b) to
collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same; 
 and any custodian, receiver,
assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender and each L/C Issuer to make such payments to the Administrative Agent and, in the event that the Administrative
Agent shall consent to the making of such payments directly to the Lenders and the L/C Issuers, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and
its agents and counsel, and any other amounts due the Administrative Agent under Sections 2.09 and 10.04. 

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

MISCELLANEOUS 
  

	10.01.	Amendments, Etc. 

 No amendment or waiver of any provision of this Agreement or
any other Loan Document, and no consent to any departure by the Borrower therefrom, shall be effective unless in writing signed by the Required Lenders and the Borrower, as the case may be, and acknowledged by the Administrative Agent, and each such
waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided, however, that no such amendment, waiver or consent shall: 

(a) (i) extend or increase the Commitment of any Lender (or reinstate any Commitment terminated pursuant to
Section 8.02) without the written consent of such Lender whose Commitment is being extended or increased (it being understood and agreed that a waiver of any condition precedent set forth in Section 4.02 or of
any Default or a mandatory reduction in Commitments, if any, is not considered an extension or increase in Commitments of any Lender); 

(ii) postpone any date fixed by this Agreement or any other Loan Document for any payment (excluding mandatory prepayments) of
principal, interest, fees or other amounts due to the Lenders (or any of them) or any scheduled or mandatory reduction of the Aggregate Commitments hereunder or under any other Loan Document, if any, without the written consent of each Lender
entitled to receive such payment or whose Commitments are to be reduced; 
 (iii) reduce the principal of, or the rate of
interest specified herein on, any Loan or L/C Borrowing, or (subject to clause (iv) of the final proviso to this Section 10.01) any fees or other amounts payable hereunder or under any other Loan Document without the
written consent of each Lender entitled to receive such payment of principal, interest, fees or other amounts; provided, however, that only the consent of the Required Lenders shall be necessary to amend the definition of “Default
Rate” or to waive any obligation of the Borrower to pay interest or Letter of Credit Fees at the Default Rate; 
 (iv)
change Section 2.13 or Section 8.03 in a manner that would alter the pro rata sharing of payments required thereby without the written consent of each Lender; 

(v) change any provision of this Section 10.01 or the definition of “Required Lenders” or
any other provision hereof specifying the number or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or make any determination or grant any consent hereunder without the written consent of each Lender; 

(vi) change the definition of “Letter of Credit Expiration Date” to extend the date set forth therein; or 

  
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 (b) unless also signed by the applicable L/C Issuer, affect the rights or duties of such L/C
Issuer under this Agreement or any Issuer Document relating to any Letter of Credit issued or to be issued by it; 
 (c) unless also signed
by the Swing Line Lender, affect the rights or duties of the Swing Line Lender under this Agreement; and 
 (d) unless also signed by the
Administrative Agent, affect the rights or duties of the Administrative Agent under this Agreement or any other Loan Document; 
 provided,
however, that notwithstanding anything to the contrary herein, (i) the Fee Letters may be amended, or rights or privileges thereunder waived, in a writing executed only by the parties thereto, (ii) no Defaulting Lender shall have any right to
approve or disapprove any amendment, waiver or consent hereunder (and any amendment, waiver or consent which by its terms requires the consent of all Lenders or each affected Lender may be effected with the consent of the applicable Lenders other
than Defaulting Lenders), except that (x) the Commitment of any Defaulting Lender may not be increased or extended without the consent of such Lender and (y) any waiver, amendment or modification requiring the consent of all Lenders or each
affected Lender that by its terms affects any Defaulting Lender disproportionately adversely relative to other affected Lenders shall require the consent of such Defaulting Lender, (iii) each Lender is entitled to vote as such Lender sees fit on any
bankruptcy reorganization plan that affects the Loans, and each Lender acknowledges that the provisions of Section 1126(c) of the Bankruptcy Code of the United States supersedes the unanimous consent provisions set forth herein and (iv) the Required
Lenders shall determine whether or not to allow the Borrower to use cash collateral in the context of a bankruptcy or insolvency proceeding and such determination shall be binding on all of the Lenders. 

 

	10.02.	Notices; Effectiveness; Electronic Communication. 

 (a) Notices
Generally. Except in the case of notices and other communications expressly permitted to be given by telephone (and except as provided in clause (b) below), all notices and other communications provided
for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by facsimile as follows, and all notices and other communications expressly permitted hereunder to be given by
telephone shall be made to the applicable telephone number, as follows: 
 (i) if to the Borrower, the Administrative Agent,
an L/C Issuer or the Swing Line Lender, to the address, facsimile number, electronic mail address or telephone number specified for such Person on Schedule 10.02; and 

(ii) if to any other Lender, to the address, facsimile number, electronic mail address or telephone number specified in its
Administrative Questionnaire. 
 Notices and other communications sent by hand or overnight courier service, or mailed by certified or registered mail,
shall be deemed to have been given when received; notices and other 

  
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communications sent by facsimile shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, such notices shall be deemed to have been
given at the opening of business on the next business day for the recipient). Notices and other communications delivered through electronic communications to the extent provided in clause (b) below, shall be effective as
provided in such clause (b). 
 (b) Electronic Communications. Notices and other communications to the
Lenders and the L/C Issuers hereunder may be delivered or furnished by electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent;
provided that the foregoing shall not apply to notices to any Lender or any L/C Issuer pursuant to Article II if such Lender or L/C Issuer, as applicable, has notified the Administrative Agent that it is incapable of
receiving notices under such Article by electronic communication. The Administrative Agent, the L/C Issuers, the Swing Line Lender or the Borrower may each, in its discretion, agree to accept notices and other communications to it hereunder by
electronic communications pursuant to procedures approved by it; provided that approval of such procedures may be limited to particular notices or communications. 

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

(c) The Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT PARTIES (AS DEFINED BELOW) DO NOT
WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY,
INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH
THE BORROWER MATERIALS OR THE PLATFORM. In no event shall the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to the Borrower, any Lender, any L/C Issuer or any other
Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of the Borrower’s or the Administrative Agent’s transmission of Borrower Materials through the Internet, except to
the extent that such losses, claims, damages, liabilities or expenses are determined by a court of competent jurisdiction by a final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Agent Party;
provided, however, that in no event shall any Agent Party have any liability to the Borrower, any Lender, any L/C Issuer or any other Person for indirect, special, incidental, consequential or punitive damages (as opposed to direct or
actual damages). 

  
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 (d) Change of Address, Etc. The Borrower, the Administrative Agent, any L/C Issuer and the
Swing Line Lender may change its address, facsimile or telephone number for notices and other communications hereunder by notice to the other parties hereto. Each other Lender may change its address, facsimile or telephone number for notices and
other communications hereunder by notice to the Borrower, the Administrative Agent, the L/C Issuers and the Swing Line Lender. In addition, each Lender agrees to notify the Administrative Agent from time to time as required to ensure that the
Administrative Agent has on record (i) an effective address, contact name, telephone number, facsimile number and electronic mail address to which notices and other communications may be sent and (ii) accurate wire instructions for such
Lender. Furthermore, each Public Lender agrees to cause at least one individual at or on behalf of such Public Lender to at all times have selected the “Private Side Information” or similar designation on the content declaration screen of
the Platform in order to enable such Public Lender or its delegate, in accordance with such Public Lender’s compliance procedures and applicable Law, including United States federal and state securities Laws, to make reference to Borrower
Materials that are not made available through the “Public Side Information” portion of the Platform and that may contain material non-public information with respect to the Borrower or its securities
for purposes of United States federal or state securities laws. 
 (e) Reliance by Administrative Agent, L/C Issuers and Lenders. The
Administrative Agent, the L/C Issuers and the Lenders shall be entitled to rely and act upon any notices (including telephonic or electronic Committed Loan Notices, Letter of Credit Applications and Swing Line Loan Notices) purportedly given by or
on behalf of the Borrower even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as understood by the
recipient, varied from any confirmation thereof. The Borrower shall indemnify the Administrative Agent, each L/C Issuer, each Lender and the Related Parties of each of them from all losses, costs, expenses and liabilities resulting from the reliance
by such Person on each notice purportedly given by or on behalf of the Borrower. All telephonic notices to and other telephonic communications with the Administrative Agent may be recorded by the Administrative Agent, and each of the parties hereto
hereby consents to such recording. 
  

	10.03.	No Waiver; Cumulative Remedies; Enforcement. 

 No failure by any Lender, any L/C Issuer
or the Administrative Agent to exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege hereunder or under any other Loan Document shall operate as a waiver thereof; nor shall any single or partial exercise of
any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges provided hereunder and provided under each
other Loan Document are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law. 
 Notwithstanding
anything to the contrary contained herein or in any other Loan Document, the authority to enforce rights and remedies hereunder and under the other Loan 

  
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Documents against the Borrower shall be vested exclusively in, and all actions and proceedings at law in connection with such enforcement shall be instituted and maintained exclusively by, the
Administrative Agent in accordance with Section 8.02 for the benefit of all the Lenders and the L/C Issuers; provided, however, that the foregoing shall not prohibit (a) the Administrative Agent from exercising on its own
behalf the rights and remedies that inure to its benefit (solely in its capacity as Administrative Agent) hereunder and under the other Loan Documents, (b) any L/C Issuer or the Swing Line Lender from exercising the rights and remedies that inure to
its benefit (solely in its capacity as L/C Issuer or Swing Line Lender, as the case may be) hereunder and under the other Loan Documents, (c) any Lender from exercising setoff rights in accordance with Section 10.08 (subject to the terms of
Section 2.13), or (d) any Lender from filing proofs of claim or appearing and filing pleadings on its own behalf during the pendency of a proceeding relative to the Borrower under any Debtor Relief Law; and provided further
that, if at any time there is no Person acting as Administrative Agent hereunder and under the other Loan Documents, then (i) the Required Lenders shall have the rights otherwise ascribed to the Administrative Agent pursuant to Section 8.02
and (ii) in addition to the matters set forth in clauses (b), (c) and (d) of the preceding proviso and subject to Section 2.13, any Lender may, with the consent of the Required Lenders, enforce any rights and remedies
available to it and as authorized by the Required Lenders. 
  

	10.04.	Expenses; Indemnity; Damage Waiver. 

 (a) Costs and Expenses. The Borrower shall
pay (i) all reasonable out-of-pocket expenses incurred by the Administrative Agent and its Affiliates (including the reasonable fees, charges and disbursements of
counsel for the Administrative Agent) in connection with the syndication of the credit facilities provided for herein, the preparation, negotiation, execution, delivery and administration of this Agreement and the other Loan Documents or any
amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable
out-of-pocket expenses incurred by any L/C Issuer in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment
thereunder and (iii) after and during the continuation of an Event of Default, all out-of-pocket expenses incurred by the Administrative Agent, any Lender or any
L/C Issuer in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section 10.04, or (B) in connection with the Loans made or Letters
of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit (including, with respect to clause (iii), the reasonable fees,
charges and disbursements of any counsel for the Administrative Agent, any Lender or any L/C Issuer). 
 (b) Indemnification by the
Borrower. The Borrower shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender and each L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person
being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the fees, charges and disbursements of any counsel for any Indemnitee),
incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrower arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement
or instrument contemplated 

  
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hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the
case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents, (ii) any Loan or Letter of Credit or the use
or proposed use of the proceeds therefrom (including any refusal by an L/C Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter
of Credit), (iii) any actual or alleged presence or release of Hazardous Materials on or from any property owned or operated by the Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to the Borrower or any of
its Subsidiaries, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrower, and
regardless of whether any Indemnitee is a party thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (x) are determined by a
court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee, (y) result from a claim brought by the Borrower against an Indemnitee for breach in bad
faith of such Indemnitee’s obligations hereunder or under any other Loan Document, if the Borrower has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction, or (z) arise out
of, or in connection with, any investigation, litigation, proceeding or claim that does not involve an act or omission by the Borrower or any of its Affiliates and that is brought by an Indemnitee against any other Indemnitee (other than claims
against any Indemnitee in its capacity as an agent or Arranger in respect of this Agreement). Without limiting the provisions of Section 3.01(c), this Section 10.04(b) shall not apply with respect to Taxes other than
any Taxes that represent losses, claims, damages or liabilities arising from any non-Tax claim. 
 (c) Reimbursement by
Lenders. To the extent that the Borrower for any reason fails to indefeasibly pay any amount required under clause (a) or (b) of this Section 10.04 to be paid by it to the
Administrative Agent (or any sub-agent thereof), an L/C Issuer, the Swing Line Lender or any Related Party of any of the foregoing, each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent), such L/C Issuer, the Swing Line Lender or such Related Party, as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity
payment is sought based on each Lender’s share of the Total Credit Exposure at such time) of such unpaid amount (including any such unpaid amount in respect of a claim asserted by such Lender), such payment to be made by the Lenders ratably
based on their Applicable Percentages (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought); provided that such unreimbursed expense or indemnified loss, claim, damage, liability or related
expense, as the case may be, was incurred by or asserted against the Administrative Agent (or any such sub-agent), the Swing Line Lender or such L/C Issuer in its capacity as such, or against any Related Party
of any of the foregoing acting for the Administrative Agent (or any such sub-agent), the Swing Line Lender or such L/C Issuer in connection with such capacity. The obligations of the Lenders under this
clause (c) are subject to the provisions of Section 2.12(d). 
 (d) Waiver of
Consequential Damages, Etc. To the fullest extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any 

  
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Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of,
this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. No Indemnitee referred to in
clause (b) above shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed to such unintended recipients by such Indemnitee through
telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby other than for direct or actual damages resulting from the
gross negligence or willful misconduct of such Indemnitee as determined by a final and nonappealable judgment of a court of competent jurisdiction. 

(e) Payments. All amounts due under this Section 10.04 shall be payable not later than ten Business Days
after demand therefor. 
 (f) Survival. The agreements in this Section 10.04 and the indemnity
provisions of Section 10.02(e) shall survive the resignation of the Administrative Agent, the L/C Issuers and the Swing Line Lender, the replacement of any Lender, the termination of the Aggregate Commitments and the
repayment, satisfaction or discharge of all the other Obligations. 
  

	10.05.	Payments Set Aside. 

 To the extent that any payment by or on behalf of the Borrower is
made to the Administrative Agent, any L/C Issuer or any Lender, or the Administrative Agent, any L/C Issuer or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated,
declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by the Administrative Agent, such L/C Issuer or such Lender in its discretion) to be repaid to a trustee, receiver or any other
party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, and to the extent permitted by applicable Law, the obligation or part thereof originally intended to be satisfied shall
be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender and each L/C Issuer severally agrees to pay to the Administrative Agent upon demand its applicable share
(without duplication) of any amount so recovered from or repaid by the Administrative Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in
effect. The obligations of the Lenders and the L/C Issuers under clause (b) of the preceding sentence shall survive the payment in full of the Obligations and the termination of this Agreement. 

 

	10.06.	Successors and Assigns. 

 (a) Successors and Assigns Generally. The
provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that the Borrower may not assign or otherwise transfer any of its rights or
obligations hereunder without the prior written consent of the Administrative Agent and each Lender and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with the
provisions of Section 10.06(b), (ii) by 

  
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way of participation in accordance with the provisions of Section 10.06(d), or (iii) by way of pledge or assignment of a security interest subject to the restrictions of Section
10.06(f) (and any other attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective
successors and assigns permitted hereby, Participants to the extent provided in Section 10.06(d) and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent, the L/C Issuers and
the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 
 (b) Assignments by
Lenders. Any Lender may at any time assign to one or more assignees all or a portion of its rights and obligations under this Agreement and the other Loan Documents (including all or a portion of its Commitment and the Loans (including for
purposes of this clause (b), participations in L/C Obligations and in Swing Line Loans) at the time owing to it); provided that any such assignment shall be subject to the following conditions: 

(i) Minimum Amounts. 

(A) in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment and the Loans at the
time owing to it or contemporaneous assignments to related Approved Funds that equal at least the amount specified in clause (b)(i)(B) of this Section in the aggregate or in the case of an assignment to a Lender, an Affiliate of a Lender or
an Approved Fund, no minimum amount need be assigned; and 
 (B) in any case not described in
clause (b)(i)(A) of this Section, the aggregate amount of the Commitment (which for this purpose includes Loans outstanding thereunder) or, if the Commitment is not then in effect, the principal outstanding balance of
the Loans of the assigning Lender subject to each such assignment, determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the
Assignment and Assumption, as of the Trade Date, shall not be less than $5,000,000 unless each of the Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Borrower otherwise consents (each such consent not to
be unreasonably withheld or delayed). 
 (ii) Proportionate Amounts. Each partial assignment shall be made as an
assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement with respect to the Loans or the Commitment assigned, except that this clause (ii) shall not apply to
the Swing Line Lender’s rights and obligations in respect of Swing Line Loans; 
 (iii) Required
Consents. No consent shall be required for any assignment except to the extent required by clause (b)(i)(B) of this Section and, in addition: 

(A) the consent of the Borrower (such consent not to be unreasonably withheld or delayed) shall be required unless (1) an Event
of Default has occurred and is continuing at the time of such assignment or (2) such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund; 

  
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 (B) the consent of the Administrative Agent (such consent not to be unreasonably
withheld or delayed) shall be required if such assignment is to a Person that is not a Lender, an Affiliate of such Lender or an Approved Fund with respect to such Lender; 

(C) the consent of each L/C Issuer and the Swing Line Lender (such consents not to be unreasonably withheld or delayed) shall
be required for any assignment. 
 (iv) Assignment and Assumption. The parties to each assignment shall execute
and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee in the amount of $3,500; provided, however, that the Administrative Agent may, in its sole discretion, elect to waive
such processing and recordation fee in the case of any assignment. The assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire. 

(v) No Assignment to Certain Persons. No such assignment shall be made (A) to the Borrower or any of the
Borrower’s Affiliates or Subsidiaries, (B) to any Defaulting Lender or any of its Subsidiaries or any Person who, upon becoming a Lender hereunder, would constitute any of the foregoing Persons described in this clause (B), or (C) to a
natural Person. 
 (vi) Certain Additional Payments. In connection with any assignment of rights and obligations
of any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the Administrative Agent
in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with the consent of the
Borrower and the Administrative Agent, the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to (x) pay and satisfy in
full all payment liabilities then owed by such Defaulting Lender to the Administrative Agent, any L/C Issuer or any Lender hereunder (and interest accrued thereon) and (y) acquire (and fund as appropriate) its full pro rata share of all Loans
and participations in Letters of Credit and Swing Line Loans in accordance with its Applicable Percentage. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become
effective under applicable Law without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs. 

Subject to acceptance and recording thereof by the Administrative Agent pursuant to Section 10.06(c), from and after the effective
date specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest 

  
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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 3.01, 3.04, 3.05, and 10.04 with respect to facts and circumstances occurring prior to the effective date of such
assignment; provided that, except to the extent otherwise expressly agreed by the affected parties, no assignment by a Defaulting Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s
having been a Defaulting Lender. Upon request, the Borrower (at its expense) shall execute and deliver a Note to the assignee Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with
this clause 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 Section 10.06(d). 

(c) Register. The Administrative Agent, acting solely for this purpose as an agent of the Borrower (and such agency being solely
for Tax purposes), shall maintain at the Administrative Agent’s Office a copy of each Assignment and Assumption delivered to it (or the equivalent thereof in electronic form) and a register for the recordation of the names and addresses of the
Lenders, and the Commitments of, and principal amounts (and stated interest) of the Loans and L/C Obligations owing to each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be
conclusive absent manifest error, and the Borrower, the Administrative Agent and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement,
notwithstanding notice to the contrary. The Register shall be available for inspection by the Borrower and any Lender, at any reasonable time and from time to time upon reasonable prior notice. 

Upon its receipt of a duly completed Assignment and Assumption executed by an assigning Lender and an assignee, an Administrative
Questionnaire completed in respect of the assignee (unless the assignee shall already be a Lender hereunder), the processing and recordation fee referred to in clause (b) above (if applicable), the written consent of the Administrative Agent,
each L/C Issuer and the Swing Line Lender and, if required, the Borrower to such assignment, and any applicable Tax forms, the Administrative Agent shall (i) accept such Assignment and Assumption and (ii) promptly record the information contained
therein in the Register. No assignment shall be effective unless it has been recorded in the Register as provided in this clause (c). 

(d) Participations. Any Lender may at any time, without the consent of, or notice to, the Borrower or the Administrative Agent,
the L/C Issuers or the Swing Line Lender, sell participations to any Person (other than a natural Person, a Defaulting Lender or the Borrower or any of the Borrower’s Affiliates or Subsidiaries) (each, a “Participant”) in all
or a portion of such Lender’s rights and/or obligations under this Agreement (including all or a portion of its Commitment and/or the Loans (including such Lender’s participations in L/C Obligations and/or Swing Line Loans) owing to it);
provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the
Borrower, the Administrative 

  
 97 

 
Agent, the Lenders and the L/C Issuers shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. For the
avoidance of doubt, each Lender shall be responsible for the indemnity under Section 10.04(c) without regard to the existence of any participation. 

Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right
to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree
to any amendment, waiver or other modification described in clauses (i) through (vi) of Section 10.01(a) that affects such Participant. Subject to Section 10.06(e), the Borrower agrees that each Participant shall be
entitled to the benefits of Sections 3.01, 3.04 and 3.05, provided that such Participant agrees to be subject to the provisions of Sections 3.06 and 10.13 as if it were an assignee under
Section 10.06(b). Each Lender that sells a participation agrees, at the Borrower’s request and expense, to use reasonable efforts to cooperate with the Borrower to effectuate the provisions of Section 3.06 with respect to any
Participant. 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 that such Participant agrees to be subject to Section 2.13 as though it
were a Lender. Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts (and
stated interest) of each Participant’s interest in the Loans or other obligations under the Loan Documents (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any
portion of the Participant Register (including the identity of any Participant or any information relating to a Participant’s interest in any commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person
except to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the
Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any
notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register. 

(e) Limitations upon Participant Rights. A Participant shall not be entitled to receive any greater payment under Section
3.01 or 3.04 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Borrower’s prior
written consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 3.01 unless the Borrower is notified of the participation sold to such Participant and such Participant
agrees, for the benefit of the Borrower, to comply with Section 3.01(e) as though it were a Lender. 
 (f) Certain
Pledges. Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement (including under its Note(s), if any) to secure obligations of such Lender, including any pledge or assignment
to secure obligations to a Federal Reserve Bank; provided that no such pledge or assignment shall release such Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 

  
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 (g) Resignation as L/C Issuer or Swing Line Lender after Assignment. Notwithstanding
anything to the contrary contained herein, if at any time any L/C Issuer assigns all of its Commitment and Loans pursuant to Section 10.06(b), such L/C Issuer may, upon 30 days’ notice to the Borrower and the Lenders, resign as L/C
Issuer and/or, in the case of Bank of America, upon 30 days’ notice to the Borrower, resign as Swing Line Lender. In the event of any such resignation as L/C Issuer or Swing Line Lender, the Borrower shall be entitled to appoint from among
the Lenders a successor L/C Issuer or Swing Line Lender hereunder; provided, however, that no failure by the Borrower to appoint any such successor shall affect the resignation of such L/C Issuer or Bank of America as Swing Line
Lender, as the case may be. If an L/C Issuer resigns as L/C Issuer, it shall retain all the rights, powers, privileges and duties of an L/C Issuer hereunder with respect to all Letters of Credit outstanding as of the effective date of its
resignation as L/C Issuer and all L/C Obligations with respect thereto (including the right to require the Lenders to make Base Rate Committed Loans or fund risk participations in Unreimbursed Amounts pursuant to
Section 2.03(c)). If Bank of America resigns as Swing Line Lender, it shall retain all the rights of the Swing Line Lender provided for hereunder with respect to Swing Line Loans made by it and outstanding as of the
effective date of such resignation, including the right to require the Lenders to make Base Rate Committed Loans or fund risk participations in outstanding Swing Line Loans pursuant to Section 2.04(c). Upon the appointment
of a successor L/C Issuer and/or Swing Line Lender, subject to such successor’s consent, (A) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer or Swing Line
Lender, as the case may be, and (b) the successor L/C Issuer shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to the resigning
L/C Issuer to effectively assume the obligations of the resigning L/C Issuer with respect to such Letters of Credit. 
  

	10.07.	Treatment of Certain Information; Confidentiality. 

 Each of the Administrative Agent,
the Lenders and the L/C Issuers agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its Affiliates and to its Related Parties (it being understood that the Persons to
whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent required or requested by any regulatory authority purporting to have
jurisdiction over such Person or its Related Parties (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the extent required by applicable laws
or regulations or by any subpoena or similar legal process, (in which case, the Administrative Agent, such L/C Issuer or such Lender shall use its reasonable efforts, to the extent permitted by law, to notify the Borrower prior to such disclosure so
that the Borrower may seek, at the Borrower’s sole expense, a protective order or other appropriate remedy), (d) to any other party hereto, (e) in connection with the exercise of any remedies hereunder or under any other Loan Document
or any action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as those of this
Section 10.07, to (i) any assignee of or Participant in, or any prospective assignee of or 

  
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Participant in, any of its rights or obligations under this Agreement or any Eligible Assignee invited to be a Lender pursuant to Section 2.15(c) or (ii) any actual
or prospective counterparty (or its Related Parties) to any swap or derivative transaction relating to the Borrower and its obligations, (g) with the consent of the Borrower, (h) any rating agency in connection with rating the Borrower or its
Subsidiaries or the credit facilities provided hereunder or the CUSIP Service Bureau or any similar agency in connection with the issuance and monitoring of CUSIP numbers or other market identifiers with respect to the credit facilities provided
hereunder, or (i) to the extent such Information (x) becomes publicly available other than as a result of a breach of this Section or (y) becomes available to the Administrative Agent, any Lender, any L/C Issuer or any of their respective
Affiliates, other than as a result of a breach of this Section, on a nonconfidential basis from a source other than the Borrower. 
 For
purposes of this Section 10.07, “Information” means all information received from the Borrower or any Subsidiary relating to the Borrower or any Subsidiary or any of their respective businesses, other than (a) any such
information that is available to the Administrative Agent, any Lender or any L/C Issuer on a nonconfidential basis prior to disclosure by the Borrower or any Subsidiary and (b) information pertaining to this Agreement of the type routinely provided
by arrangers to data service providers, including league table providers, that serve the lending industry. Any Person required to maintain the confidentiality of Information as provided in this Section 10.07 shall be
considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information. 

Each of the Administrative Agent, the Lenders and the L/C Issuers acknowledges that (a) the Information may include material non-public information concerning the Borrower or a Subsidiary, as the case may be, (b) it has developed compliance procedures regarding the use of material non-public
information and (c) it will handle such material non-public information in accordance with applicable Law, including United States federal and state securities Laws. 

 

	10.08.	Right of Setoff. 

 If an Event of Default shall have occurred and be continuing, each
Lender, each L/C Issuer and each of their respective Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by applicable Law, to set off and apply any and all deposits (general or special, time or demand,
provisional or final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by such Lender, such L/C Issuer or any such Affiliate to or for the credit or the account of the Borrower against any and all
of the obligations of the Borrower now or hereafter existing under this Agreement or any other Loan Document to such Lender or such L/C Issuer, irrespective of whether or not such Lender or L/C Issuer shall have made any demand under this Agreement
or any other Loan Document and although such obligations of the Borrower may be contingent or unmatured or are owed to a branch or office of such Lender or L/C Issuer different from the branch or office holding such deposit or obligated on such
indebtedness; provided that, in the event that any Defaulting Lender shall exercise any such right of setoff, (x) all amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the
provisions of Section 2.17 and, pending such payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent, the L/C Issuers

  
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and the Lenders and (y) the Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to
which it exercised such right of setoff. The rights of each Lender and each L/C Issuer and their respective Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender and
such L/C Issuer may have. Each Lender and each L/C Issuer agrees to notify the Borrower and the Administrative Agent promptly after any such setoff and application; provided that the failure to give such notice shall not affect the
validity of such setoff and application. 
  

	10.09.	Interest Rate Limitation. 

 Notwithstanding anything to the contrary contained in any
Loan Document, the interest paid or agreed to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable Law (the “Maximum Rate”). If the Administrative Agent or any
Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrower. In determining whether the interest
contracted for, charged, or received by the Administrative Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable Law, (a) characterize any payment that is not principal as an expense, fee, or premium
rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations
hereunder. 
  

	10.10.	Counterparts; Integration; Effectiveness. 

 This Agreement may be executed in
counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement and the other Loan Documents
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. This Agreement shall become
effective as provided in the Amendment and Restatement Agreement, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. Delivery of an executed counterpart of a
signature page of this Agreement by telecopy or other electronic imaging means (e.g., “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Agreement. 

 

	10.11.	Survival of Representations and Warranties. 

 All representations and warranties made
hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive the execution and delivery hereof and thereof. Such representations and warranties have been or
will be relied upon by the Administrative Agent and each Lender, regardless of any investigation made by the Administrative Agent or any Lender or on their behalf and notwithstanding that the Administrative Agent or any Lender may have had notice or
knowledge of any Default at the time of any Credit Extension, and shall continue in full force and effect as long as any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall remain outstanding. 

  
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	10.12.	Severability. 

 If any provision of this Agreement or the other Loan Documents is held to
be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be affected or impaired thereby and (b) the parties shall endeavor in
good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a
provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. Without limiting the foregoing provisions of this Section 10.12, if and to the extent that the enforceability of any
provisions in this Agreement relating to Defaulting Lenders shall be limited by Debtor Relief Laws, as determined in good faith by the Administrative Agent, the applicable L/C Issuer or the Swing Line Lender, as applicable, then such provisions
shall be deemed to be in effect only to the extent not so limited. 
  

	10.13.	Replacement of Lenders. 

 If (i) any Lender requests compensation under
Section 3.04, (ii) the Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01, (iii) any Lender does
not agree to extend the Maturity Date in accordance with Section 2.14 or (iv) any Lender is a Defaulting Lender or a Non-Consenting Lender, then the Borrower may, at its sole expense and effort, upon notice to such Lender and the
Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 10.06), all of its interests, rights
(other than its existing rights to payments pursuant to Sections 3.01 and 3.04) and obligations under this Agreement and the related Loan Documents to an Eligible Assignee that shall assume such obligations (which assignee may be
another Lender, if a Lender accepts such assignment); provided that: 
 (a) the Borrower shall have paid to the Administrative Agent
the assignment fee specified in Section 10.06(b); 
 (b) such Lender shall have received payment of an amount
equal to the outstanding principal of its Loans and L/C Advances, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under
Section 3.05) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts); 

(c) in the case of any such assignment resulting from a claim for compensation under Section 3.04 or payments
required to be made pursuant to Section 3.01, such assignment will result in a reduction in such compensation or payments thereafter; 

(d) such assignment does not conflict with applicable Laws; and 

(e) in the case of any such assignment resulting from a Non-Consenting Lender’s failure to consent to a proposed change, waiver,
discharge or termination with respect to any Loan Document, the applicable replacement bank, financial institution or Fund consents to the proposed change, waiver, discharge or termination. 

  
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 The failure of a Lender to execute and deliver an Assignment and Assumption shall not impair the
validity of the removal of such Lender and the mandatory assignment of such Lender’s Commitments and outstanding Loans and participations in L/C Obligations and Swing Line Loans pursuant to this Section 10.13 shall nevertheless be
effective without the execution by such Lender of an Assignment and Assumption. 
 A Lender shall not be required to make any such
assignment or delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease to apply. 

 

	10.14.	Governing Law; Jurisdiction; Etc. 

 (a) GOVERNING LAW. THIS AGREEMENT AND THE
OTHER LOAN DOCUMENTS AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT (EXCEPT, AS TO ANY OTHER LOAN DOCUMENT, AS
EXPRESSLY SET FORTH THEREIN) AND THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

(b) SUBMISSION TO JURISDICTION. THE BORROWER IRREVOCABLY AND UNCONDITIONALLY AGREES THAT IT WILL NOT COMMENCE ANY ACTION,
LITIGATION OR PROCEEDING OF ANY KIND OR DESCRIPTION, WHETHER IN LAW OR EQUITY, WHETHER IN CONTRACT OR IN TORT OR OTHERWISE, AGAINST THE ADMINISTRATIVE AGENT, ANY LENDER, ANY L/C ISSUER, OR ANY RELATED PARTY OF THE FOREGOING IN ANY WAY RELATING TO
THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS RELATING HERETO OR THERETO, IN ANY OTHER FORUM OTHER THAN THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT
OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE JURISDICTION OF SUCH COURTS AND AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION, LITIGATION OR PROCEEDING MAY
BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND
MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT, ANY LENDER OR ANY L/C ISSUER
MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST THE BORROWER OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. 

  
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 (c) WAIVER OF VENUE. THE BORROWER IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN
CLAUSE (B) OF THIS SECTION. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR
PROCEEDING IN ANY SUCH COURT. 
 (d) SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE
MANNER PROVIDED FOR NOTICES IN SECTION 10.02. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 

 

	10.15.	Waiver of Jury Trial. 

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

	10.16.	No Advisory or Fiduciary Responsibility. 

 In connection with all aspects of each
transaction contemplated hereby (including in connection with any amendment, waiver or other modification hereof or of any other Loan Document), the Borrower acknowledges and agrees that: (i) (A) the arranging and other services regarding
this Agreement provided by the Administrative Agent, the Lenders and the Arrangers, are arm’s-length commercial transactions between the Borrower and its Affiliates, on the one hand, and the
Administrative Agent, the Lenders and the Arrangers, on the other hand, (B) the Borrower has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (C) the Borrower is capable of
evaluating, and understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents; (ii) (A) the Administrative Agent, the Lenders and the Arrangers are and have been acting
solely as a principal and, except as expressly agreed in writing by the relevant parties, have not been, are not, and will not be acting as an advisor, agent or fiduciary for the Borrower or any of its Affiliates, or any other Person and
(B) none of the Administrative Agent, the 

  
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Lenders nor the Arrangers have any obligation to the Borrower or any of its Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth herein and
in the other Loan Documents; and (iii) the Administrative Agent, the Lenders and the Arrangers and their respective Affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the Borrower and its
Affiliates, and none of the Administrative Agent, the Lenders nor the Arrangers have any obligation to disclose any of such interests to the Borrower or its Affiliates. To the fullest extent permitted by law, the Borrower hereby waives and
releases any claims that it may have against the Administrative Agent, the Lenders and the Arrangers with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated hereby.

 

	10.17.	Electronic Execution of Assignments and Certain Other Documents. 

 The words
“execute,” “execution,” “signed,” “signature,” and words of like import in or related to any document to be signed in connection with this Agreement and the transactions contemplated hereby (including without
limitation Assignment and Assumptions, amendments or other modifications, Committed Loan Notices, Swing Line Loan Notices, waivers and consents) shall be deemed to include electronic signatures, the electronic matching of assignment terms and
contract formations on electronic platforms approved by the Administrative Agent, or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use
of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records
Act, or any other similar state laws based on the Uniform Electronic Transactions Act; provided that notwithstanding anything contained herein to the contrary, the Administrative Agent is under no obligation to agree to accept electronic
signatures in any form or in any format unless expressly agreed to by the Administrative Agent pursuant to procedures approved by it. 
  

	10.18.	USA PATRIOT ACT NOTICE. 

 Each Lender that is subject to the USA PATRIOT Act and the
Administrative Agent (for itself and not on behalf of any Lender) hereby notifies the Borrower that pursuant to the requirements of the USA PATRIOT Act, it is required to obtain, verify and record information that identifies the Borrower, which
information includes the name and address of the Borrower and other information that will allow such Lender or the Administrative Agent, as applicable, to identify the Borrower in accordance with the USA PATRIOT Act. The Borrower shall,
promptly following a request by the Administrative Agent or any Lender, provide all documentation and other information that the Administrative Agent or such Lender requests in order to comply with its ongoing obligations under applicable “know
your customer” and anti-money laundering rules and regulations, including the USA PATRIOT Act. 
  

	10.19.	Acknowledgement and Consent to Bail-In of EEA Financial Institutions. 

 Notwithstanding
anything to the contrary in this Agreement or in any other agreement, arrangement or understanding among the parties hereto, each party hereto acknowledges that any liability of any EEA Financial Institution arising under this Agreement, to the
extent such liability is unsecured, may be subject to the write-down and conversion powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: 

(a) the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising hereunder which may
be payable to it by any party hereto that is an EEA Financial Institution; and 

  
 105 

 (b) the effects of any Bail-In Action on any such liability, including, if applicable: 

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

(ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial
Institution, its parent undertaking or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability
under this Agreement; or 
 (iii) the variation of the terms of such liability in connection with the exercise of the
write-down and conversion powers of any EEA Resolution Authority. 
 [remainder of page intentionally left blank] 

  
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 SCHEDULE 1.01 

CONSOLIDATED EBITDA ADD-BACKS 
 None. 

 SCHEDULE 2.01 

COMMITMENTS AND APPLICABLE PERCENTAGES 
  

									
	 Lender
	  	Commitment	 	  	Applicable
Percentage	 
	 Bank of America, N.A.
	  	$	120,000,000.00	  	  	 	16.000000000	% 
	 JPMorgan Chase Bank, N.A.
	  	$	120,000,000.00	  	  	 	16.000000000	% 
	 Credit Suisse AG, Cayman Islands Branch
	  	$	120,000,000.00	  	  	 	16.000000000	% 
	 The Bank of Tokyo-Mitsubishi UFJ, Ltd.
	  	$	50,000,000.00	  	  	 	6.666666667	% 
	 Morgan Stanley Bank, N.A.
	  	$	40,000,000.00	  	  	 	5.333333333	% 
	 Deutsche Bank AG New York Branch
	  	$	60,000,000.00	  	  	 	8.000000000	% 
	 Goldman Sachs Bank USA
	  	$	60,000,000.00	  	  	 	8.000000000	% 
	 HSBC Bank USA, National Association
	  	$	60,000,000.00	  	  	 	8.000000000	% 
	 The Bank of New York Mellon
	  	$	60,000,000.00	  	  	 	8.000000000	% 
	 Wells Fargo Bank, National Association
	  	$	60,000,000.00	  	  	 	8.000000000	% 
		  	  
	  
	 	  	  
	  
	 
	 TOTAL
	  	$	750,000,000.00	  	  	 	100.000000000	% 
		  	  
	  
	 	  	  
	  
	 

 SCHEDULE 5.13 

MATERIAL SUBSIDIARIES 
 Subsidiary Name:
Analog Devices International 
 Jurisdiction of Organization: Ireland 

 SCHEDULE 5.17 

TAXPAYER IDENTIFICATION NUMBER 
 TIN:
04-2348234 

 SCHEDULE 7.01 

LIENS 
 None. 

 SCHEDULE 7.02 

INDEBTEDNESS 
 On September 19, 2014, a
wholly-owned subsidiary, Analog Devices Limited (ADL), acquired Metroic Limited (Metroic). The subsidiary may be obligated to pay up to $2.2 million in deferred compensation expense relating to future product development and sales through December
31, 2018. 
 On March 2, 2016, a wholly-owned subsidiary, Analog Devices Holdings B.V. (ADBV), acquired SNAP Sensor SA (SNAP). The acquisition agreement
includes a contingent consideration arrangement which may require additional cash payments to the former equity holders of SNAP of up to $1.5 million due on or before December 31, 2018. 

 SCHEDULE 10.02 

ADMINISTRATIVE AGENT’S OFFICE; 

CERTAIN ADDRESSES FOR NOTICES 
 1. Address
for the Borrower: 
 Analog Devices, Inc. 
 Three Technology
Way 
 Norwood, MA 02062 
 Attention: Ali Husain, Treasurer and
Director of Investor Relations 
 Telephone: 781-461-3796 

Email: Ali.Husain@Analog.com 
 2. Addresses for Administrative
Agent, Swing Line Lender and L/C Issuer: 
 Administrative Agent’s Office (for payments and Requests for Credit Extensions): 

Bank of America, N.A., as Administrative Agent 
 Credit Services

 Mail Code: NC1-001-05-46 
 101 North Tryon Street, Floor 5

 Charlotte, NC 28255 
 Attention: Concetta Lincoln 

Telephone: 980-387-2469 
 Telecopier: 704-409-0135 

Electronic Mail: concetta.lincoln@baml.com 
 Wire Instruction:

 Bank of America, New York, NY 
 ABA # 026009593 

Account Name: Corporate Credit Services 
 Account No.:
1366072250600 
 Attention: Concetta Lincoln 
 Ref.: Analog
Devices, Inc. 
 Other Notices as Administrative Agent: 

Bank of America, N.A. 
 Agency Management 

Mail Code: WA3-132-01-01 
 10623 NE 68th Street 
 Kirkland, WA 98033 

Attention: Tiffany Shin 
 Telephone: 206-358-0078 

Telecopier: 415-343-0561 
 Electronic Mail: tiffany.shin@baml.com

 L/C Issuers 

Bank of America, N.A. 
 Trade Operations-Standby 

PA6-580-02-30 
 1 Fleet Way 

Scranton, PA 18507 
 Attention: Charles P. Herron 

Telephone: 570-496-9564 
 Telecopier: 800-755-8743 

Electronic Mail: Charles.p.herron@baml.com 
 Credit Suisse
AG, Cayman Islands Branch 
 Trade Finance Services Department 

Eleven Madison Avenue, 6th Floor 

New York, NY 10010 
 Attn: Jack David Madej 

Telephone: 212-325-5397 
 Fax: 212-325-8315 

E-mail: list.ib-lettersofcredit-ny@credit-suisse.com 

JPMorgan Chase Bank, N.A. 
 10 South Dearborn L2 

Chicago Il. 60603 
 Attention: Prashanth Kallakuri 

E-mail: Chicago.lc.agency.closing.team@jpmorgan.com 
 The
Bank of Tokyo Mitsubishi UFJ, Ltd., New York Branch 
 34 Harborside Financial Center, 500 Plaza III – Trade Finance 

Jersey City, NJ 07311 
 Attention: Bret Douglas 

Telephone: 212-782-5732 
 Email: bdouglas@us.mufg.jp 

Swing Line Lender 
 Bank of America, N.A. 

Credit Services 
 Mail Code: NC1-001-05-46 

101 North Tryon Street, Floor 5 
 Charlotte, NC 28255 

Attention: Concetta Lincoln 
 Telephone: 980-387-2469

 Telecopier: 704-409-0135 
 Electronic
Mail: concetta.lincoln@baml.com 

 Wire Instruction: 

Bank of America, New York, NY 
 ABA # 026009593 

Account Name: Corporate Credit Services 
 Account
No.: 1366072250600 
 Attention: Concetta Lincoln 

Ref.: Analog Devices, Inc. 

 EXHIBIT 2.02 

[FORM OF] 
 COMMITTED
LOAN NOTICE 
 Date:            , 20     

 

	To:	The Bank of America, N.A., as Administrative Agent 

 Ladies and Gentlemen: 

Reference is made to that certain Amended and Restated Credit Agreement, dated as of September 23, 2016 (as amended, restated, extended, supplemented or
otherwise modified in writing from time to time, the “Credit Agreement”; the terms defined therein being used herein as therein defined), among Analog Devices, Inc. (the “Borrower”), the Lenders
from time to time party thereto and Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer. 
 1. The undersigned hereby requests
(select one): 
 A Borrowing of Committed Loans 

A conversion or continuation of Committed Loans 

2. On             , 20     (a Business Day). 

3. In the amount of $        . 

4. Type of Committed Loan requested or to which existing Committed Loans are to be continued or converted:

Base Rate Loan          Eurodollar Rate Loan 

5. For Eurodollar Rate Loans: with an Interest Period of      month[s]1. 

The Committed Borrowing, if any, requested herein complies with (a) the provisos contained in the first sentence of Section 2.01 of the Credit
Agreement and (b) each of the conditions set forth in Section 4.02 of the Credit Agreement as of the date of such Committed Borrowing. 
  

			
	 ANALOG DEVICES, INC.,
 a
Massachusetts corporation

		
	By:	 	  

	Name:	 	
	Title:	 	

  

	1 	One, two, three or six months or, if consented to by all the Lenders, any other period of twelve months or less. 

 EXHIBIT 2.04 

[FORM OF] 
 SWING LINE
LOAN NOTICE 
 Date:            , 20     

 

	To:	Bank of America, N.A., as Swing Line Lender 

	 	Bank of America, N.A., as Administrative Agent 

 Ladies and Gentlemen: 

Reference is made to that certain Amended and Restated Credit Agreement, dated as of September 23, 2016 (as amended, restated, extended, supplemented or
otherwise modified in writing from time to time, the “Credit Agreement”; the terms defined therein being used herein as therein defined), among Analog Devices, Inc. (the “Borrower”), the Lenders
from time to time party thereto and Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer. 
 The undersigned hereby requests a
Swing Line Loan: 
 1. On             , 20     (a Business Day). 

2. In the amount of $        . 

The Swing Line Borrowing requested herein complies with (a) the provisos contained in the first sentence of Section 2.04(a) of the Credit Agreement and (b)
each of the conditions set forth in Section 4.02 of the Credit Agreement as of the date of such Swing Line Borrowing. 
  

			
	 ANALOG DEVICES, INC.,
 a
Massachusetts corporation

		
	By:	 	  

	Name:	 	
	Title:	 	

 EXHIBIT 2.11 

[FORM OF] 
 NOTE 

Date:             , 20     

FOR VALUE RECEIVED, the undersigned (the “Borrower”) hereby promises to pay to
                     or its registered assigns (the “Lender”), in accordance with the provisions of the Credit Agreement (as
hereinafter defined), the principal amount of each Loan from time to time made by the Lender to the Borrower under that certain Amended and Restated Credit Agreement, dated as of September 23, 2016 (as amended, restated, extended, supplemented
or otherwise modified in writing from time to time, the “Credit Agreement”; the terms defined therein being used herein as therein defined), among the Borrower, the Lenders from time to time party thereto, and Bank of America, N.A.,
as Administrative Agent, Swing Line Lender and L/C Issuer. 
 The Borrower promises to pay interest on the unpaid principal amount of each Loan from the
date of such Loan until such principal amount is paid in full, at the interest rates and at the times provided in the Credit Agreement. Except as otherwise provided in Section 2.04(f) of the Credit Agreement with respect to Swing Line Loans,
all payments of principal and interest shall be made to the Administrative Agent for the account of the Lender in U.S. Dollars in immediately available funds at the Administrative Agent’s Office. If any amount is not paid in full when due
hereunder, such unpaid amount shall bear interest, to be paid upon demand, from the due date thereof until the date of actual payment (and before as well as after judgment) computed at the per annum rate set forth in the Credit Agreement. 

This Note is one of the Notes referred to in the Credit Agreement, is entitled to the benefits thereof and may be prepaid in whole or in part subject to the
terms and conditions provided therein. Upon the occurrence and continuation of one or more of the Events of Default specified in the Credit Agreement, all amounts then remaining unpaid on this Note shall become, or may be declared to be, immediately
due and payable all as provided in the Credit Agreement. Loans made by the Lender shall be evidenced by one or more loan accounts or records maintained by the Lender in the ordinary course of business. The Lender may also attach schedules to this
Note and endorse thereon the date, amount and maturity of its Loans and payments with respect thereto. 
 The Borrower, for itself, its successors and
assigns, hereby waives diligence, presentment, protest and demand and notice of protest, demand, dishonor and non-payment of this Note. 

[remainder of page intentionally left blank] 

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

 

			
	 ANALOG DEVICES, INC.,
 a
Massachusetts corporation

		
	By:	 	  

	Name:	 	
	Title:	 	

 EXHIBIT 3.01(A) 

[FORM OF] 
 U.S. TAX
COMPLIANCE CERTIFICATE 
 (For Foreign Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Amended and Restated Credit Agreement, dated as of September 23, 2016 (as amended, supplemented or
otherwise modified from time to time, the “Credit Agreement”), among Analog Devices, Inc., a Massachusetts corporation (the “Borrower”), the Lenders identified therein, and Bank of America, N.A., as Administrative
Agent. 
 Pursuant to the provisions of Section 3.01(e) of the Credit Agreement, the undersigned hereby certifies that (i) it is the
sole record and beneficial owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a
ten percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code and (iv) it is not a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished the Administrative Agent and the Borrower with a certificate of its non-U.S. Person status on IRS
Form W-8BEN or IRS Form W-8BEN-E, as applicable. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform the Borrower and the
Administrative Agent, and (2) the undersigned shall have at all times furnished the Borrower and the Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made
to the undersigned, or in either of the two calendar years preceding such payments. 
 Unless otherwise defined herein, terms defined in the
Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. 
  

			
	[NAME OF LENDER]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 Date:             , 20     

 EXHIBIT 3.01(B)  

[FORM OF] 
 U.S. TAX
COMPLIANCE CERTIFICATE 
 (For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Amended and Restated Credit Agreement, dated as of September 23, 2016 (as amended, supplemented or
otherwise modified from time to time, the “Credit Agreement”), among Analog Devices, Inc., a Massachusetts corporation (the “Borrower”), the Lenders identified therein, and Bank of America, N.A., as
Administrative Agent. 
 Pursuant to the provisions of Section 3.01(e) of the Credit Agreement, the undersigned hereby certifies that
(i) it is the sole record and beneficial owner of the participation in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a ten percent shareholder of
the Borrower within the meaning of Section 871(h)(3)(B) of the Code, and (iv) it is not a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished its participating Lender with a certificate of its non-U.S. Person status on IRS Form W-8BEN or IRS
Form W-8BEN-E, as applicable. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender in writing, and (2) the undersigned shall
have at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments.

 Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the
Credit Agreement. 
  

			
	[NAME OF PARTICIPANT]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 Date:             , 20     

 EXHIBIT 3.01(C) 

[FORM OF] 
 U.S. TAX
COMPLIANCE CERTIFICATE 
 (For Foreign Participants That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Amended and Restated Credit Agreement, dated as of September 23, 2016 (as amended, supplemented or
otherwise modified from time to time, the “Credit Agreement”), among Analog Devices, Inc., a Massachusetts corporation (the “Borrower”), the Lenders identified therein, and Bank of America, N.A., as
Administrative Agent. 
 Pursuant to the provisions of Section 3.01(e) of the Credit Agreement, the undersigned hereby certifies that
(i) it is the sole record owner of the participation in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such participation, (iii) with respect such participation,
neither the undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the
Code, (iv) none of its direct or indirect partners/members is a ten percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code and (v) none of its direct or indirect partners/members is a controlled foreign
corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished its participating
Lender with IRS Form W-8IMY accompanied by one of the following forms from each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable, or (ii) an IRS Form W-8IMY
accompanied by an IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable, from each of such partner’s/member’s beneficial owners that is claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that (1)
if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender and (2) the undersigned shall have at all times furnished such Lender with a properly completed and currently effective certificate in
either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit
Agreement. 
  

			
	[NAME OF PARTICIPANT]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 Date:             , 20     

 EXHIBIT 3.01(D) 

[FORM OF] 
 U.S. TAX
COMPLIANCE CERTIFICATE 
 (For Foreign Lenders That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Amended and Restated Credit Agreement, dated as of September 23, 2016 (as amended, supplemented or
otherwise modified from time to time, the “Credit Agreement”), among Analog Devices, Inc., a Massachusetts corporation (the “Borrower”), the Lenders identified therein, and Bank of America, N.A., as
Administrative Agent. 
 Pursuant to the provisions of Section 3.01(e) of the Credit Agreement, the undersigned hereby certifies that
(i) it is the sole record owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such Loan(s) (as
well as any Note(s) evidencing such Loan(s)), (iii) with respect to the extension of credit pursuant to this Credit Agreement or any other Loan Document, neither the undersigned nor any of its direct or indirect partners/members is a bank extending
credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect partners/members is a ten percent shareholder of the
Borrower within the meaning of Section 871(h)(3)(B) of the Code and (v) none of its direct or indirect partners/members is a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished the Administrative Agent and the Borrower with IRS Form W-8IMY accompanied by one of the following forms from
each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable, or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN or IRS Form W-8BEN-E, as
applicable, from each of such partner’s/member’s beneficial owners that is claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate
changes, the undersigned shall promptly so inform the Borrower and the Administrative Agent, and (2) the undersigned shall have at all times furnished the Borrower and the Administrative Agent with a properly completed and currently effective
certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit
Agreement. 
  

			
	[NAME OF LENDER]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 Date:             , 20     

 EXHIBIT 6.02 

[FORM OF] 
 COMPLIANCE
CERTIFICATE 
 Financial Statement Date:             ,
20     
  

	To:	Bank of America, N.A., as Administrative Agent 

 Ladies and Gentlemen: 

Reference is made to that certain Amended and Restated Credit Agreement, dated as of September 23, 2016 (as amended, restated, extended, supplemented or
otherwise modified in writing from time to time, the “Credit Agreement”; the terms defined therein being used herein as therein defined), among Analog Devices, Inc. (the “Borrower”), the Lenders
from time to time party thereto and Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer. 
 The undersigned Responsible Officer
hereby certifies as of the date hereof that he/she is the                      of the Borrower, and that, as such, he/she is authorized to execute
and deliver this Compliance Certificate to the Administrative Agent (for delivery to the Lenders) on the behalf of the Borrower, and that: 
 [Use
following paragraph I for fiscal year-end financial statements] 
 1. Attached hereto as Schedule 1 are the year-end audited
financial statements required by Section 6.01(a) of the Credit Agreement for the fiscal year of the Borrower ended as of the above date, together with the report and opinion of an independent certified public accountant required by such section.

 [Use following paragraph I for fiscal quarter-end financial statements] 

1. Attached hereto as Schedule 1 are the unaudited financial statements required by Section 6.01(b) of the Credit Agreement for the fiscal
quarter of the Borrower ended as of the above date. Such financial statements fairly present the financial condition, results of operations and cash flows of the Borrower and its Subsidiaries in accordance with GAAP as at such date and for such
period, subject only to normal year-end audit adjustments and the absence of footnotes. 
 2. The undersigned has reviewed and is familiar with the
terms of the Credit Agreement and has made, or has caused to be made under his/her supervision, a detailed review of the transactions and condition (financial or otherwise) of the Borrower during the accounting period covered by the attached
financial statements. 
 3. A review of the activities of the Borrower during such fiscal period has been made under the supervision of the undersigned
with a view to determining whether during such fiscal period the Borrower performed and observed all its Obligations under the Loan Documents, and to the best knowledge of the undersigned during such fiscal period, the Borrower performed and
observed each covenant and condition of the Loan Documents applicable to it, and no Default has occurred and is continuing. 

 4. The calculations demonstrating compliance with the financial covenant set forth in Section 7.07 of
the Credit Agreement set forth in Schedule 2 attached hereto are true and accurate on and as of the date of this Compliance Certificate. 
 IN
WITNESS WHEREOF, the undersigned has executed this Compliance Certificate as of             ,         . 

 

			
	 ANALOG DEVICES, INC.,
 a
Massachusetts corporation

		
	By:	 	  

	Name:	 	
	Title:	 	

 Schedule 1 to 

Compliance Certificate 

Financial Statements 

[To be attached by Borrower] 

 Schedule 2 to 

Compliance Certificate 

For the Quarter / Year
ended                     (the “Financial Statement Date”) 

Consolidated Leverage Ratio 
  

							
	 I.
	 	Consolidated Funded Indebtedness	 	$	            	  
			
	 II.
	 	Consolidated EBITDA ( For the period of the four prior fiscal quarters ending on the Financial Statement Date (see Schedule A))	 	$	            	  
			
	 III.
	 	Consolidated Leverage Ratio (I ÷ II)	 	 	             to 1.0	  
			
		 	 Maximum Permitted:
	 	 	[    ] to 1.0	  

 Schedule A 

to Compliance Certificate 

Consolidated EBITDA 

(in accordance with the definition of Consolidated EBITDA as set forth in the Credit Agreement) 

($ in 000’s) 
  

																					
	 Consolidated EBITDA
	  	 Quarter

Ended
	 	  	 Quarter

Ended
	 	  	 Quarter

Ended
	 	  	 Quarter

Ended
	 	  	 Twelve
Months

Ended
	 
	 (i) Consolidated Net Income
	  				  				  				  				  			
	 +

(ii) Consolidated Interest Charges
	  				  				  				  				  			
	 +

(iii) Federal, state, local and foreign income taxes
	  				  				  				  				  			
	 +

(iv) depreciation expense
	  				  				  				  				  			
	 +

(v) amortization expense
	  				  				  				  				  			
	 +

(vi) non-cash stock-based compensation expense
	  				  				  				  				  			
	 +

(vii) certain non-recurring expenses incurred prior to the Restatement Effective Date (as set forth on Schedule 1.01 to the Credit Agreement) and non-recurring
cash expenses relating to pension liabilities incurred after the Initial Closing Date, in an aggregate amount not to exceed $300,000,000
	  				  				  				  				  			
	 +

(viii) non-recurring expenses reducing such Consolidated Net Income which do not represent a cash item in such period or any future period
	  				  				  				  				  			
	 +
 (ix)
non-recurring cash expenses reducing such Consolidated Net Income to the extent such cash expenses are not paid in such period but will be paid in a future period
	  				  				  				  				  			
	 +

(x) non-recurring fees and expenses in connection with the Transactions
	  				  				  				  				  			
	 +
 (xi)
non-recurring merger and integration costs in connection with the Transactions
	  				  				  				  				  			
	 – 

(xii) non-recurring cash expenses that were previously added back to Consolidated EBITDA in a prior period pursuant to the entry in item (ix) above to the
extent such cash expenses are paid in such period
	  				  				  				  				  			
	 – 

(xiii) non-recurring non-cash items increasing Consolidated Net Income of the types set forth above
	  				  				  				  				  			
	 = Consolidated EBITDA
	  				  				  				  				  			

 EXHIBIT 10.06 

[FORM OF] 
 ASSIGNMENT
AND ASSUMPTION 
 This Assignment and Assumption (this “Assignment and Assumption”) is dated as of the Effective Date set forth below
and is entered into by and between [the][each]1 Assignor identified in item 1 below ([the][each, an] “Assignor”) and
[the][each]2 Assignee identified in item 2 below ([the][each, an] “Assignee”). [It is understood and agreed that the rights and obligations of [the Assignors][the Assignees]3 hereunder are several and not joint.]4 Capitalized terms used but not defined herein shall have the meanings given to them in the Amended and
Restated Credit Agreement identified below (the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by [the][each] Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are
hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full. 
 For an agreed
consideration, [the][each] Assignor hereby irrevocably sells and assigns to [the Assignee][the respective Assignees], and [the][each] Assignee hereby irrevocably purchases and assumes from [the Assignor] [the respective Assignors], subject to and in
accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below, (i) all of [the Assignor’s][the respective Assignors’] rights and obligations
in [its capacity as a Lender][their respective capacities as Lenders] under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of
such outstanding rights and obligations of [the Assignor][the respective Assignors] under the respective facilities identified below (including, without limitation, the Letters of Credit and the Swing Line Loans included in such facilities5) and (ii) to the extent permitted to be assigned under applicable Law, all claims, suits, causes of action and any other right of [the Assignor (in its capacity as a Lender)][the respective Assignors
(in their respective capacities as Lenders)] against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed
thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold
and assigned pursuant to clause (i) above (the rights and obligations sold and assigned by [the][any] Assignor to [the][any] Assignee pursuant to clauses (i) and (ii) above being referred to herein collectively as [the][an]
“Assigned Interest”). Each such sale and assignment is without recourse to [the][any] Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by [the][any] Assignor. 

 

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

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

	3 	Select as appropriate. 

	4 	Include bracketed language if there are either multiple Assignors or multiple Assignees. 

	5 	Include all applicable subfacilities. 

			
	1. Assignor[s]:	  	  

		  	  

	2. Assignee[s]:	  	  

		  	  

		  	[for each Assignee, indicate [Affiliate][Approved Fund] of [identify Lender]]
		
	3. Borrower:	  	Analog Devices, Inc., a Massachusetts corporation
		
	4. Administrative Agent:	  	Bank of America, N.A., as the administrative agent under the Credit Agreement
		
	5. Credit Agreement:	  	Amended and Restated Credit Agreement, dated as of September 23, 2016, among the Borrower, the Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer, as
amended, restated, extended, supplemented or otherwise modified in writing from time to time
	6. Assigned Interest:	  	

  

																	
	 Assignor[s]1
	  	 Assignee[s]2
	 	  	 Aggregate

Amount of
Commitment/
 Loans

for all

Lenders3
	 	  	 Amount of
Commitment/

Loans

Assigned
	 	  	 Percentage

Assigned of
Commitment/

Loans4
	 
		  				  				  	$	            	  	  	 	            	% 

  

			
	[7. Trade Date:	  	                    ]5

 Effective Date:             , 20     [TO
BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 
  

	1 	List each Assignor, as appropriate. 

	2 	List each Assignee, as appropriate. 

	3 	Amounts in this column and in the column immediately to the right to be adjusted by the counterparties to take into account any payments or prepayments made between the Trade Date and the Effective Date.

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

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

 The terms set forth in this Assignment and Assumption are hereby agreed to: 

 

			
	 ASSIGNOR
 [NAME OF
ASSIGNOR]

		
	By:	 	  

		 	Title:

  

			
	 ASSIGNEE
 [NAME OF
ASSIGNEE]

		
	By:	 	  

		 	Title:

 [Consented to and]1 Accepted: 

 

			
	 BANK OF AMERICA, N.A.,
 as
Administrative Agent

		
	By:	 	  

		 	Title:

 [Consented to:]2 

 

			
	By:	 	  

		 	Title:

  

	1 	To be added only if the consent of the Administrative Agent is required by the terms of the Credit Agreement. 

	2 	To be added only if the consent of the Borrower and/or other parties (e.g., Swing Line Lender, L/C Issuer) is required by the terms of the Credit Agreement. 

 ANNEX I TO ASSIGNMENT AND ASSUMPTION 

STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ASSUMPTION 
 1.
Representations and Warranties. 
 1.1. Assignor. [The][Each] Assignor (a) represents and warrants that (i) it is the legal and
beneficial owner of [the][the relevant] Assigned Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute
and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement
or any other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of the Borrower, any of its Subsidiaries or
Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by the Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document.

 1.2. Assignee. [The][Each] Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary,
to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all the requirements to be an Eligible Assignee under the Credit Agreement
(subject to such consents, if any, as may be required under the Credit Agreement), (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of [the][the relevant]
Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by [the][such] Assigned Interest and either it, or the Person exercising discretion in
making its decision to acquire [the][such] Assigned Interest, is experienced in acquiring assets of such type, (v) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most
recent financial statements delivered pursuant to Section 6.01 thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to
purchase [the][such] Assigned Interest, (vi) it has, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and
decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, and (vii) if it is a Foreign Lender, attached hereto is any documentation required to be delivered by it pursuant to the terms of the Credit
Agreement, duly completed and executed by [the][such] Assignee; and (b) agrees that (i) it will, independently and without reliance upon the Administrative Agent, [the][any] Assignor or any other Lender, and based on such documents and information
as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the
Loan Documents are required to be performed by it as a Lender. 

 2. Payments. From and after the Effective Date, the Administrative Agent shall make all payments in
respect of [the][each] Assigned Interest (including payments of principal, interest, fees and other amounts) to [the][the relevant] Assignor for amounts which have accrued to but excluding the Effective Date and to [the][the relevant] Assignee for
amounts which have accrued from and after the Effective Date. 
 3. General Provisions. This Assignment and Assumption shall be binding upon,
and inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an
executed counterpart of a signature page of this Assignment and Assumption by telecopy or other electronic imaging means (e.g. “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Assignment
and Assumption. This Assignment and Assumption shall be governed by, and construed in accordance with, the law of the State of New York.EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 

AGREEMENT AND PLAN OF MERGER 

by and among 

WILDEBEEST INTERMEDIATE, LLC, 

WILDEBEEST-2 MERGER SUB, INC., 

GOVDELIVERY HOLDINGS, INC., 

ACTUA HOLDINGS, INC., 

and 
 THE
EQUITYHOLDERS’ REPRESENTATIVE 
 Dated as of September 20, 2016 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 Section 1.
	 	Merger	  	 	2	  
	 (a)
	 	The Merger	  	 	2	  
	 (b)
	 	The Closing and the Effective Time	  	 	2	  
	 (c)
	 	Effect of the Merger	  	 	3	  
	 (d)
	 	Certificate of Incorporation and Bylaws	  	 	3	  
	 (e)
	 	Directors and Officers	  	 	3	  
	 (f)
	 	Effect of the Merger on the Company Capital Stock	  	 	3	  
	 (g)
	 	Paying Agent	  	 	5	  
	 (h)
	 	Treatment of Options and Non-Participating Options	  	 	7	  
	 (i)
	 	Repaid Indebtedness; Transaction Expenses	  	 	9	  
	 (j)
	 	Adjustment of the Merger Consideration	  	 	9	  
	 (k)
	 	Release of Liens	  	 	12	  
	 (l)
	 	Dissenting Shares	  	 	12	  
			
	 Section 2.
	 	Conditions to Obligations of Parent and Merger Sub	  	 	12	  
	 (a)
	 	Representations and Warranties	  	 	12	  
	 (b)
	 	Covenants and Agreements	  	 	13	  
	 (c)
	 	Absence of Material Adverse Effect	  	 	13	  
	 (d)
	 	Absence of Litigation	  	 	13	  
	 (e)
	 	Closing Deliveries	  	 	13	  
	 (f)
	 	Regulatory Approvals, Licenses and Permits	  	 	15	  
	 (g)
	 	Real Property Holding Corporation Affidavit	  	 	15	  
	 (h)
	 	Liens	  	 	15	  
	 (i)
	 	Dissenting Shareholders	  	 	15	  
	 (j)
	 	Joinder Agreements	  	 	15	  
			
	 Section 3.
	 	Conditions to Obligation of the Company	  	 	15	  
	 (a)
	 	Representations and Warranties	  	 	15	  
	 (b)
	 	Covenants and Agreements	  	 	16	  
	 (c)
	 	Absence of Litigation	  	 	16	  
	 (d)
	 	Closing Deliveries	  	 	16	  
	 (e)
	 	Regulatory Approvals	  	 	17	  
			
	 Section 4.
	 	Covenants Prior to Closing	  	 	17	  
	 (a)
	 	Affirmative Covenants	  	 	17	  
	 (b)
	 	Negative Covenants	  	 	18	  
	 (c)
	 	Mutual Covenants	  	 	20	  
	 (d)
	 	Exclusivity	  	 	20	  
	 (e)
	 	Monthly Financial Statements	  	 	21	  
	 (f)
	 	Stockholder Notice; Appraisal Rights; Written Consent	  	 	21	  
	 (g)
	 	Directors and Officers Indemnification	  	 	22	  
	 (h)
	 	Antitrust Matters	  	 	22	  

  
 -i- 

							
	 Section 5.
	 	Representations and Warranties of the Company	  	 	23	  
	 (a)
	 	Organization; Capitalization	  	 	24	  
	 (b)
	 	Authorization of the Transaction	  	 	24	  
	 (c)
	 	Noncontravention	  	 	25	  
	 (d)
	 	Brokers’ Fees	  	 	25	  
	 (e)
	 	Subsidiaries and Investments	  	 	25	  
	 (f)
	 	Financial Statements	  	 	26	  
	 (g)
	 	Absence of Certain Developments	  	 	26	  
	 (h)
	 	Absence of Undisclosed Liabilities	  	 	29	  
	 (i)
	 	Legal Compliance	  	 	29	  
	 (j)
	 	Assets and Properties	  	 	29	  
	 (k)
	 	Real Property	  	 	29	  
	 (l)
	 	Tax Matters	  	 	30	  
	 (m)
	 	Intellectual Property	  	 	31	  
	 (n)
	 	Contracts and Commitments	  	 	34	  
	 (o)
	 	Government Contracts	  	 	36	  
	 (p)
	 	Insurance	  	 	36	  
	 (q)
	 	Litigation	  	 	36	  
	 (r)
	 	Employees	  	 	37	  
	 (s)
	 	Employee Benefits	  	 	38	  
	 (t)
	 	Customers, Suppliers and Resellers	  	 	39	  
	 (u)
	 	Affiliate Interests	  	 	41	  
	 (v)
	 	Governmental Permits	  	 	41	  
	 (w)
	 	Product Warranty	  	 	41	  
	 (x)
	 	Environmental Matters	  	 	41	  
	 (y)
	 	Sanctions, Import and Export Controls	  	 	42	  
	 (z)
	 	Anti-Corruption	  	 	42	  
			
	 Section 6.
	 	Representations and Warranties of Parent and Merger Sub	  	 	43	  
	 (a)
	 	Organization	  	 	43	  
	 (b)
	 	Authorization of the Transaction	  	 	43	  
	 (c)
	 	Noncontravention	  	 	43	  
	 (d)
	 	Brokers’ Fees	  	 	44	  
	 (e)
	 	Financing	  	 	44	  
	 (f)
	 	Merger Sub	  	 	45	  
			
	 Section 7.
	 	Termination	  	 	45	  
	 (a)
	 	Termination	  	 	45	  
	 (b)
	 	Effect of Termination	  	 	46	  
	 (c)
	 	Waiver of Rights	  	 	46	  
			
	 Section 8.
	 	Indemnification	  	 	46	  
	 (a)
	 	Survival	  	 	46	  
	 (b)
	 	Indemnification	  	 	47	  

  
 -ii- 

							
			
	 Section 9.
	 	Additional Agreements	  	 	51	  
	 (a)
	 	Press Releases	  	 	51	  
	 (b)
	 	Transaction Expenses	  	 	52	  
	 (c)
	 	Tax Matters	  	 	52	  
	 (d)
	 	[Intentionally Omitted]	  	 	58	  
	 (e)
	 	Confidentiality	  	 	58	  
	 (f)
	 	Release	  	 	59	  
	 (g)
	 	Further Assurances	  	 	59	  
	 (h)
	 	Specific Performance	  	 	59	  
	 (i)
	 	Equityholders’ Representative	  	 	60	  
	 (j)
	 	Termination of Certain Contracts	  	 	62	  
	 (k)
	 	Transfer Taxes	  	 	62	  
			
	 Section 10.
	 	Miscellaneous	  	 	62	  
	 (a)
	 	No Third Party Beneficiaries; No Recourse	  	 	62	  
	 (b)
	 	Entire Agreement	  	 	62	  
	 (c)
	 	Successors and Assigns	  	 	62	  
	 (d)
	 	Counterparts	  	 	63	  
	 (e)
	 	Headings	  	 	63	  
	 (f)
	 	Notices	  	 	63	  
	 (g)
	 	Governing Law	  	 	64	  
	 (h)
	 	Consent to Jurisdiction; Waiver of Jury Trial	  	 	64	  
	 (i)
	 	Amendments and Waivers	  	 	65	  
	 (j)
	 	Incorporation of Appendices, Exhibits and Schedules	  	 	65	  
	 (k)
	 	Cumulative Remedies	  	 	65	  
	 (l)
	 	Construction	  	 	65	  
	 (m)
	 	Severability of Provisions	  	 	66	  
	 (n)
	 	No Additional Representations	  	 	66	  
	 (o)
	 	Waiver of Conflicts; Privilege	  	 	67	  

 EXHIBITS 
  

	Exhibit A	Form of Joinder Agreement 

	Exhibit B	Form of Certificate of Merger 

	Exhibit C	Form of Transmittal Letter 

	Exhibit D	Form of Option Cancellation Agreement 

	Exhibit E	Form of Non-Solicitation Agreement 

	Exhibit F	Form of Non-Competition Agreement 

	Exhibit G	Form of Escrow Agreement 

	Exhibit H	Form of Paying Agent Agreement 

	Exhibit I	Allocation Methodology 

	Exhibit J	336(e) Adjustment Methodology and Sample Calculation 

	Exhibit K	Form of Representative Side Letter 

	Exhibit L	Form of Form 8-K 

	Exhibit M	Distribution Waterfall 

  
 -iii- 

 AGREEMENT AND PLAN OF MERGER 

This Agreement and Plan of Merger (this “Agreement”) is entered into as of September 20, 2016, by and among Wildebeest
Intermediate, LLC, a Delaware limited liability company (“Parent”), Wildebeest-2 Merger Sub, Inc., a Delaware corporation (“Merger Sub”), GovDelivery Holdings, Inc., a Delaware corporation (the
“Company”), and Actua USA Corporation, a Delaware corporation, solely in its capacity as the Equityholders’ Representative (as defined below) and, solely for purposes of Section 9(c)(viii), Actua Holdings, Inc., a
Delaware corporation (“Seller”). Parent, Merger Sub, the Company, the Equityholders and the Equityholders’ Representative are referred to sometimes individually as a “Party” and, collectively herein as the
“Parties”. Capitalized terms used herein and not otherwise defined shall have the meanings set forth on Appendix A attached hereto. 

RECITALS 
 WHEREAS, the
board of directors of the Company (the “Company Board”), subject to the terms and conditions set forth herein, has unanimously (i) declared the advisability of this Agreement and approved and adopted this Agreement, and
(ii) resolved to recommend approval and adoption of this Agreement by all of the holders of Company Capital Stock (as defined below) (all such holders of Company Capital Stock collectively, the “Stockholders” and together with
the Optionholders (as defined below), the “Equityholders”)); 
 WHEREAS, the board of directors of Merger Sub has declared
the advisability of this Agreement and approved and adopted this Agreement; 
 WHEREAS, Parent has approved and adopted this Agreement in
its capacity as the sole stockholder of Merger Sub; 
 WHEREAS, each of the Company Board and the board of directors of Merger Sub has
approved the merger of Merger Sub with and into the Company, with the Company as the surviving corporation (the “Surviving Corporation”), upon the terms and subject to the conditions set forth in this Agreement and the applicable
provisions of the Delaware General Corporations Law (as amended, the “DGCL”), whereby each issued and outstanding share of series AA preferred stock, par value $0.001 per share (the “Series AA Preferred Stock”), and
each issued and outstanding share of common stock, par value $0.001 per share (the “Common Stock” and, together with the Series AA Preferred Stock, the “Company Capital Stock”), of the Company (other than the Series
AA Preferred Stock and the Common Stock to be canceled pursuant to Section 1(f)(vi) and Dissenting Shares) shall be converted into the right to receive a portion of the Merger Consideration (as defined herein) upon the terms and subject
to the conditions set forth herein and based upon the applicable liquidation preferences and other rights, preferences and privileges of such class or series of Company Capital Stock as set forth in the Company’s Fourth Amended and Restated
Certificate of Incorporation, as filed with the Secretary of State of the State of Delaware on April 28, 2015 (the “Charter”); 

 WHEREAS, immediately after execution of this Agreement, Stockholders holding in excess of ninety
percent (90%) of the issued and outstanding shares of Company Capital Stock (on an as-converted basis) shall execute and deliver, in accordance with Section 228 of the DGCL, a written consent approving this Agreement, the Merger and the other
transactions contemplated hereby in accordance with Section 251 of the DGCL (the “Written Consent”), adopting this Agreement, and a Joinder Agreement, substantially in the form of Exhibit A (the “Joinder
Agreement”), providing for certain agreements, undertakings, representations, warranties, releases and waivers, and it is anticipated that, within 24 hours following the execution and delivery of this Agreement by the Company, each of those
Stockholders will deliver a Written Consent and Joinder Agreement, which are integral to the transactions contemplated hereby, and it is acknowledged and agreed that Parent and Merger Sub would not consummate the transactions contemplated hereby
absent the execution and delivery of the Written Consent and Joinder Agreement being in full force and effect and valid, binding and enforceable against the holders of Company Capital Stock; 

WHEREAS, Parent, Merger Sub and the Company desire to make certain representations, warranties, covenants and agreements in connection with
the Merger, and also to prescribe various conditions to the Merger, as set forth in, and subject to the provisions of, this Agreement; and 

WHEREAS, the Equityholders’ Representative desires to serve as a representative for the Equityholders on the terms set forth in this
Agreement. 
 NOW, THEREFORE, in consideration of the premises and the mutual promises herein made, and in consideration of the
representations, warranties, and covenants herein contained, the Parties hereto agree as follows: 
 Section 1. Merger.

 (a) The Merger. At the Effective Time and subject to and upon the terms and conditions of this Agreement and the applicable
provisions of the DGCL, Merger Sub shall be merged with and into the Company, the separate corporate existence of Merger Sub shall cease, and the Company shall continue as the Surviving Corporation and as a wholly-owned subsidiary of Parent (the
“Merger”). 
 (b) The Closing and the Effective Time. The closing of the Merger (the “Closing”) will
take place at the offices of Kirkland & Ellis LLP in San Francisco, California, one Business Day following the satisfaction (or waiver by the party entitled to the benefit thereof) of the conditions to the Closing set forth in Sections
2 and 3 (other than the conditions that must be satisfied (or waived by the party entitled to the benefit thereof) at the Closing); provided, however, that, subject to the immediately following sentence, the Closing shall
not occur prior to the thirtieth (30th) day following the date on which this Agreement is executed without Parent’s written consent, unless another time or place is mutually agreed upon
in writing by Parent and the Company. Notwithstanding the immediately preceding sentence, in the event the Closing has not occurred on or prior to October 28, 2016 (the “Target Date”), the Closing shall occur one
(1) Business Day following the satisfaction (or waiver by the Party entitled to the benefit thereof) at any time subsequent to the Target Date of the conditions to Closing set forth in Sections 2 and 3 (other than the conditions
that must be satisfied (or waived by the party entitled to the benefit thereof) at the Closing). The date upon which the Closing occurs shall be referred to herein as the “Closing Date.” On the Closing Date, and upon the terms and
subject to 

  
 -2- 

 
the conditions of this Agreement, the Parties shall cause the Merger to be consummated by filing the Certificate of Merger (the “Certificate of Merger”), in substantially the
form attached hereto as Exhibit B, with the Secretary of State of the State of Delaware, as required by and executed in accordance with the applicable provisions of the DGCL (the time of such filing with the Secretary of State of the State of
Delaware, or such later time as may be agreed upon in writing by Parent and the Company and specified in the Certificate of Merger, shall be referred to herein as the “Effective Time”). 

(c) Effect of the Merger. At the Effective Time, the effect of the Merger shall be as provided in this Agreement, the Certificate of
Merger and the applicable provisions of the DGCL. Without limiting the generality of the foregoing, and subject thereto, at the Effective Time, except as otherwise agreed to pursuant to the terms of this Agreement, all of the property, rights,
privileges, powers and franchises of the Company and Merger Sub shall vest in the Surviving Corporation, and all debts, liabilities and duties of the Company and Merger Sub shall become the debts, liabilities and duties of the Surviving Corporation.

 (d) Certificate of Incorporation and Bylaws. At the Effective Time, by virtue of the Merger, the certificate of incorporation and
bylaws of the Surviving Corporation shall be amended and restated to be identical to the certificate of incorporation and bylaws of Merger Sub, as in effect immediately prior to the Effective Time, until duly amended as provided therein or by
applicable laws. 
 (e) Directors and Officers. The directors and officers of Merger Sub immediately prior to the Effective Time shall
be the directors and officers of the Surviving Corporation immediately after the Effective Time, each to hold such office in accordance with the provisions of the DGCL and the certificate of incorporation and bylaws of the Surviving Corporation.

 (f) Effect of the Merger on the Company Capital Stock. 

(i) At the Effective Time, by virtue of the Merger, each share of Series AA Preferred Stock issued and outstanding immediately prior to the
Effective Time (other than Excluded Shares and Dissenting Shares) shall be cancelled, extinguished and converted into, and represent only the right to receive, subject to the terms and conditions set forth in this Agreement, the Joinder Agreement
and the Escrow Agreement, including the indemnification provisions set forth in Section 8, the Series AA Per Share Merger Consideration in the form of (A) cash in an amount equal to the Closing Series AA Per Share Merger
Consideration and (B) the right to receive cash in an amount equal to the Pro Rata Share attributable to such share of (x) any amounts released from the Escrow Fund and/or the Reserve Account and (y) any positive Merger Consideration
Adjustment Amount. 
 (ii) At the Effective Time, by virtue of the Merger, each share of Common Stock issued and outstanding immediately
prior to the Effective Time (other than Excluded Shares and Dissenting Shares) shall be cancelled, extinguished and converted into and represent only the right to receive, subject to the terms and conditions set forth in this Agreement, the Joinder
Agreement and the Escrow Agreement, including the indemnification provisions set forth in Section 8, the Common Per Share Merger Consideration in the form of 

  
 -3- 

 
(A) cash in an amount equal to the Closing Common Per Share Merger Consideration and (B) the right to receive cash in an amount equal to the Pro Rata Share attributable to such share of
(x) any amounts released from the Escrow Fund and/or the Reserve Account and (y) any positive Merger Consideration Adjustment Amount. 

(iii) All shares of Company Capital Stock, when canceled, extinguished and converted pursuant to this Section 1(f) shall no longer
be outstanding and shall automatically be canceled and retired, and each former holder of Company Capital Stock shall cease to have any rights with respect thereto, except the right to receive the consideration provided for herein. 

(iv) At the Effective Time, Parent shall pay or cause to be paid by wire transfer of immediately available funds the following: 

(A) all Repaid Indebtedness and Transaction Expenses, as set forth on Schedules 1(i)(i) and 1(i)(ii), respectively, which such
schedules shall be delivered by the Company to Parent no later than two (2) Business Days prior to the Closing Date; 
 (B) to the
Equityholders’ Representative an amount equal to the Reserve Amount for deposit into a bank account (the “Reserve Account”) in accordance with the instructions set forth in the Distribution Waterfall, to be held and released in
accordance with Section 9(i); 
 (C) the Indemnity Escrow Amount to the Escrow Agent to be held as a trust fund and released in
accordance with the terms of the Escrow Agreement (the “Indemnity Escrow Fund”); 
 (D) the Working Capital Escrow Amount
to the Escrow Agent to be held as a trust fund and released in accordance with the terms of the Escrow Agreement (the “Working Capital Escrow Fund” and, together with the Indemnity Escrow Fund, the “Escrow Fund”);

 (E) the Initial Merger Consideration (less any portion thereof (x) payable in respect of In-the-Money Options pursuant to
Section 1(h) or (y) applicable to Dissenting Shares) to the Paying Agent for further distribution to the Stockholders in accordance with Section 1(g) and as set forth in the Distribution Waterfall (the “Payment
Fund”); 
 (F) that portion of the Initial Merger Consideration payable to the Optionholders pursuant to Section 1(h)
to the Surviving Corporation for further distribution to the Optionholders in accordance with Section 1(h) and as set forth in the Distribution Waterfall, in order that such payments be effected through the Surviving Corporation’s
payroll payment system (in each case, subject to applicable withholding Taxes), if applicable; and 
 (G) the aggregate amount of
Non-Participating Payments payable to the Non-Participating Optionholders pursuant to Section 1(h) to the Surviving Corporation for further distribution to the Non-Participating Optionholders in accordance with Section 1(h),
in order that such payments be effected through the Surviving Corporation’s payroll payment system (in each case, subject to applicable withholding Taxes), if applicable. 

  
 -4- 

 (v) Capital Stock of Merger Sub. At the Effective Time, by virtue of the Merger, each
share of common stock, par value $0.001 per share, of Merger Sub issued and outstanding immediately prior to the Effective Time shall be converted into and exchanged for one share of common stock, par value $0.001 per share, of the Surviving
Corporation. Each stock certificate of Merger Sub evidencing ownership of any such stock shall continue to evidence ownership of such stock of the Surviving Corporation. 

(vi) Cancellation of Treasury Shares. At the Effective Time, by virtue of the Merger, any Company Capital Stock that is owned by the
Company and not issued and outstanding as of the Effective Time shall be automatically canceled and shall cease to exist, and no consideration shall be delivered in exchange therefor. 

(vii) Withholding. Notwithstanding any other provision in this Agreement, Parent, the Company and its Subsidiaries, as applicable,
shall have the right to deduct and withhold any Taxes as it is required to deduct and withhold under applicable law from any payments to be made hereunder; provided that, except with respect to payments in the nature of compensation to be
made to employees or former employees, Parent shall consult with the Equityholders’ Representative in good faith prior to withholding any amounts payable to any Equityholder hereunder. To the extent that amounts are so withheld and paid over to
the appropriate Governmental Authority, such withheld amounts shall be treated for all purposes of this Agreement as having been delivered and paid to the applicable Equityholder or any other recipient of payment in respect of which such deduction
and withholding was made. 
 (viii) Treatment of Amounts in Escrow. Each Equityholder shall be deemed to have contributed an amount
equal to the amount of such Equityholder’s Pro Rata Share of (A) the Escrow Amount to the Escrow Fund and (B) the Reserve Amount to the Reserve Account (in each case, as set forth in the Distribution Waterfall). 

(g) Paying Agent. 
 (i)
Continental Stock Transfer & Trust Company, a New York corporation, shall act as exchange and paying agent, registrar and transfer agent (in such capacity, the “Paying Agent”) for the purpose of exchanging certificates
representing, immediately prior to the Effective Time, Company Capital Stock (“Certificates”) for the aggregate Series AA Per Share Merger Consideration or Common Per Share Merger Consideration, as applicable. At the Effective Time,
Parent or Merger Sub shall deposit, or Parent or Merger Sub shall otherwise take all steps necessary to cause to be deposited, by wire transfer of immediately available funds, in trust with the Paying Agent for the benefit of the Stockholders, cash
in an aggregate amount equal to the Payment Fund, which deposit shall be used solely and exclusively for purposes of paying the Series AA Per Share Merger Consideration and Common Per Share Merger Consideration, as applicable, and shall not be used
to satisfy any other obligations of the Surviving Corporation. The Paying Agent shall, pursuant to instructions provided by Parent and the Company, make the payments provided for in this Section 1(g) out of the Payment Fund (it being
understood that any and all interest earned on funds made available to the Paying Agent pursuant to this Agreement shall remain the property of the Surviving Corporation). 

  
 -5- 

 (ii) No later than two (2) Business Days following the Effective Time, the Paying Agent
shall provide to each record holder of Certificates that immediately prior to the Effective Time represented Company Capital Stock (A) a notice of the effectiveness of the Merger, (B) a letter of transmittal, substantially in the form of
Exhibit C attached hereto (“Transmittal Letter”), which shall specify that delivery shall be effected, and risk of loss and title to the Certificates shall pass, only upon proper delivery of the Certificates to the Paying
Agent, (C) a Joinder Agreement, and (D) instructions for use in surrendering such Certificates and receiving the Series AA Per Share Merger Consideration or Common Per Share Merger Consideration, as applicable, in respect thereof. In
addition, the form of Transmittal Letter will require the delivering holder to represent that (x) such delivering holder has good title to such Certificate(s), (y) such delivering holder has all necessary power and authority to execute and
deliver such Transmittal Letter and to perform its obligations in connection therewith, and (z) such delivering holder agrees to the terms of this Agreement. 

(iii) Upon surrender to the Paying Agent of a Certificate, together with such Transmittal Letter and a Joinder Agreement, in each case duly
executed and completed in accordance with the instructions thereto, the holder of such Certificate shall be entitled to receive, promptly after such surrender, in exchange therefor, (A) cash in an amount equal to the Closing Series AA Per Share
Merger Consideration or Closing Common Per Share Merger Consideration, which amount(s) shall be paid by the Paying Agent by check or wire transfer in accordance with the instructions provided by such holder and (B) the right to receive such
holder’s Pro Rata Share of (x) any amounts released from the Escrow Fund and/or the Reserve Account and (y) any positive Merger Consideration Adjustment Amount. No interest or dividends will be paid or accrued on the consideration
payable upon the surrender or transfer of any Certificate. If the consideration provided for herein is to be delivered in the name of a Person other than the Person in whose name the Certificate surrendered, it shall be a condition of such delivery
that the Certificate so surrendered shall be properly endorsed or otherwise in proper form for transfer and that the Person requesting such delivery shall pay any transfer or other Taxes required by reason of such delivery to a Person other than the
registered holder of the Certificate, or that such Person shall establish to the satisfaction of the Surviving Corporation that such Tax has been paid or is not applicable. Until surrendered in accordance with the provisions of this
Section 1(g), each Certificate (other than those representing Company Capital Stock to be canceled pursuant to Section 1(f)(vi)) shall represent, for all purposes, only the right to receive the Series AA Per Share Merger
Consideration or Common Per Share Merger Consideration, as applicable, in respect of the Company Capital Stock formerly evidenced by such Certificate (which includes any portion of the Merger Consideration that is released from the Escrow Fund
and/or the Reserve Account), without any interest or dividends thereon. 
 (iv) The consideration issued upon the surrender of Certificates
in accordance with this Agreement shall be deemed to have been issued in full satisfaction of all rights pertaining to such Company Capital Stock formerly represented thereby. After the Effective Time, there shall be no transfers on the stock
transfer books of the Surviving Corporation of any Company Capital Stock that was outstanding immediately prior to the Effective Time. 

  
 -6- 

 (v) Neither Parent nor the Surviving Corporation shall be liable to a holder of Certificates or
any other Person in respect of any cash delivered to a public official pursuant to any applicable abandoned property, escheat or similar law. If any Certificates shall not have been surrendered or transferred by the sixth anniversary of the Closing
Date (or immediately prior to such earlier date on which any Series AA Per Share Merger Consideration or Common Per Share Merger Consideration, as applicable, dividends (whether in cash, stock or property) or other distributions with respect to
Company Capital Stock in respect of such Certificate would otherwise escheat to or become the property of any foreign, federal, state or local governments or governmental agency), any such shares, cash, dividends or distributions in respect of such
Certificate shall, to the extent permitted by applicable law, become the property of the Surviving Corporation, free and clear of all claims or interests of any Person previously entitled thereto. 

(vi) In the event any Certificate has been lost, stolen or destroyed, upon the making of an affidavit (in form and substance acceptable to the
Surviving Corporation) of that fact by the Person (who shall be the record owner of such Certificate) claiming such Certificate to be lost, stolen or destroyed, and, if required by the Surviving Corporation, the providing of an indemnity against any
claim that may be made against it with respect to such Certificate, the Paying Agent will issue in exchange for such lost, stolen or destroyed Certificate the Merger Consideration deliverable in respect thereof pursuant to this Agreement. 

(h) Treatment of Options and Non-Participating Options. 

(i) For purposes of this Agreement, the term “Option” means each outstanding unexercised option or similar entitlement
(including convertible notes or other similar debt instruments) to purchase shares of Company Capital Stock, whether or not then vested or fully exercisable, granted prior to January 1, 2016 to any current or former employee or director of the
Company or any other Person (each such Person, an “Optionholder” and collectively, the “Optionholders”), whether under any stock option plan or otherwise (collectively, the “Stock Plans”). 

(ii) On and subject to the terms and conditions of this Agreement, the Company shall have taken all actions necessary so that at the Effective
Time, (A) each Option held by an Optionholder immediately before the Effective Time shall become fully vested, (B) all Stock Plans and all Options shall be terminated and cancelled, in each case in accordance with and pursuant to the terms
of the Stock Plans or other agreements under which such Options were granted to cause the Stock Plans to be terminated, including but not limited to obtaining any necessary consents from Optionholders, and (C) upon such cancellation, each
Optionholder who holds an In-the-Money Option shall be entitled to receive from the Company, in settlement thereof, subject to Section 1(h)(vi), the Option Per Share Merger Consideration in the form of (1) cash in an amount equal to
the Closing Option Per Share Merger Consideration and (2) the right to receive cash in an amount equal to such Optionholder’s Pro Rata Share of (x) any amounts released from the Escrow Fund and/or the Reserve Account and (y) any
positive Merger Consideration Adjustment Amount. 
 (iii) The Option Per Share Merger Consideration, which shall in all events be paid in a
manner that is exempt from or compliant with Section 409A of the Code, shall be subject to all applicable withholding of Taxes and shall be paid by the Surviving Corporation to the applicable Optionholders, without interest, upon receipt (on or
after Closing) of a duly executed consent and agreement in substantially the form attached hereto as Exhibit D (an “Option Cancellation Agreement”) with respect to each In-the-Money Option. 

  
 -7- 

 (iv) For purposes of this Agreement, the term “Non-Participating Option” means
each outstanding unexercised option or similar entitlement to purchase shares of Company Capital Stock, whether or not then vested or fully exercisable, granted on or after January 1, 2016 to any current employee or director of the Company or
any other Person (each such Person, a “Non-Participating Optionholder” and, collectively, the “Non-Participating Optionholders”) under the GovDelivery Holdings, Inc. 2010 Equity Compensation Plan (the “2010
Equity Plan”). 
 (v) On and subject to the terms and conditions of this Agreement, the Company shall have taken all actions
necessary so that at the Effective Time, (A) each Non-Participating Option held by a Non-Participating Optionholder immediately before the Effective Time shall become fully vested, (B) all Non-Participating Options shall be terminated and
cancelled in accordance with the 2010 Equity Plan, including Section 11(b)(iii) thereof, without the need for any such Non-Participating Optionholder’s consent, and (C) upon such cancellation, each Non-Participating Optionholder who
holds a Non-Participating Option shall be entitled to receive from the Company, in settlement thereof, subject to Section 1(h)(vi), cash in an amount equal to no less than the consideration such Non-Participating Optionholder would have
received had the Non-Participating Optionholder exercised such Non-Participating Option (assuming for the purposes of this Section 1(h)(v) only, that all amounts held in the Escrow Fund and the Reserve Account were, in fact, released),
less the exercise price applicable to such Non-Participating Option (each such payment, a “Non-Participating Payment”). 

(vi) The Surviving Corporation shall deduct and withhold from all consideration otherwise payable or deliverable to any Optionholder and/or
Non-Participating Optionholder, as applicable, pursuant to this Section 1(h) such amounts as it determines in good faith are required to deduct and withhold with respect to the making of the payments pursuant to this
Section 1(h) under any applicable provision of U.S. or non-U.S. federal, state, provincial or local Tax law, and such amounts shall, to the extent permitted by applicable law (but only to the extent that such amounts are paid over to the
appropriate Governmental Authority), be treated for all purposes of this Agreement as having been paid to the Optionholder and/or Non-Participating Optionholder, as applicable, in respect of which the Surviving Corporation made such deduction and
withholding. Without limiting the generality of the foregoing, effective as of the Closing, any and all rights of each Optionholder (and any and all Liabilities of the Surviving Corporation to each Optionholder other than with respect to withholding
of Taxes and reporting with respect thereto) with respect to the Options shall terminate in all respects, except as expressly set forth herein with respect to the payment of a portion of the Option Per Share Merger Consideration. Additionally,
without limiting the generality of the foregoing, effective as of the Closing, any and all rights of each Non-Participating Optionholder (and any and all Liabilities of the Surviving Corporation to each Non-Participating Optionholder other than with
respect to withholding of Taxes and reporting with respect thereto) with respect to the Non-Participating Options shall terminate in all respects, except as expressly set forth herein with respect to the Non-Participating Payment, and, for the
avoidance of doubt, no Non-Participating Option shall be entitled to receive any additional consideration with respect to any amounts released from the Escrow Fund, the Reserve Account and/or any positive Merger Consideration Adjustment Amount. 

  
 -8- 

 (i) Repaid Indebtedness; Transaction Expenses. 

(i) The Parties hereto agree that, upon the Closing, the Indebtedness of the Company set forth on the attached Schedule 1(i)(i) (the
“Repaid Indebtedness”) shall be fully repaid by Parent on behalf of the Company in accordance with this Section 1(i)(i). In order to facilitate such repayment, no less than three (3) Business Days prior to the
Closing, the Company shall obtain payoff letters for the Repaid Indebtedness (together with all related documents and instruments, the “Payoff Documents”), which Payoff Documents shall be in a form reasonably satisfactory to Parent
and shall indicate that such lenders have agreed to, if applicable, upon receipt of the amounts indicated in such Payoff Documents, promptly release all Liens relating to the assets and properties of the Company and return all possessory and
original collateral. 
 (ii) In addition, it is contemplated by the Parties that, upon the Closing, all of the Transaction Expenses will be
fully paid. In order to facilitate such payment, no less than two (2) Business Days prior to the Closing, the Company shall provide and attach hereto as Schedule 1(i)(ii) a statement of Transaction Expenses in a form reasonably
satisfactory to Parent. Subject to the satisfaction of the Company’s conditions, covenants and obligations to be satisfied prior to the Closing, in connection with the Closing, Parent shall make payment of the Transaction Expenses by wire
transfer of immediately available funds on the Closing Date in order to discharge the amounts payable thereunder. The Company shall obtain wire transfer instructions for the satisfaction of the Transaction Expenses no less than two (2) Business
Days prior to the Closing. 
 (j) Adjustment of the Merger Consideration. 

(i) Capitalization. In the event that, at the Effective Time, the actual number of shares of Company Capital Stock outstanding and/or
the actual number of shares of Company Capital Stock issuable upon the exercise of Options, or similar agreements or upon conversion of securities (including as a result of any stock split, reclassification, stock dividend (including any dividend or
distribution of securities convertible into Company Capital Stock) or recapitalization) is different than as described in Section 5(a)(ii), the Common Per Share Merger Consideration shall be accurately reflected in the Distribution
Waterfall. The provisions of this Section 1(j) shall not, in any event, adversely affect, constitute a waiver of or otherwise impair any of Parent’s or Merger Sub’s rights under this Agreement (including any of Parent’s or
Merger Sub’s rights arising from any misrepresentation or breach of the representations and warranties set forth in Section 5(a)(ii) hereof). 

(ii) Closing Date Merger Consideration Adjustment. Not later than two (2) Business Days prior to the Closing, the Company shall
cause to be prepared and delivered to Parent the Company’s good faith estimates of the Working Capital (the “Estimated Working Capital”), the Closing Indebtedness (the “Estimated Indebtedness”), the Transaction
Expenses (the “Estimated Transaction Expenses”), and the Cash and Cash Equivalents (the “Estimated Cash and Cash Equivalents”) in form and substance reasonably satisfactory to Parent. Such amounts shall be used to
calculate the Initial Merger Consideration, subject to final adjustment as provided in this Section 1(j). 

  
 -9- 

 (iii) Closing Statement. Within seventy-five (75) days following the Closing, Parent
shall prepare or cause to be prepared and deliver or cause the Company to deliver to the Equityholders’ Representative a statement (the “Closing Statement”) setting forth the actual Working Capital (the “Actual Working
Capital”), the actual Closing Indebtedness (the “Actual Indebtedness”), the actual Transaction Expenses (the “Actual Transaction Expenses”), and the actual Cash and Cash Equivalents (the “Actual
Cash and Cash Equivalents”), including, in each case, the calculation thereof and any trial balances or other supporting documentation used to prepare such calculations, and the Equityholders’ Representative shall cooperate as
reasonably requested by Parent in the preparation of the Closing Statement. 
 (iv) Post-Closing Adjustments. Following the
conclusive determination, in each case, in accordance with Section 1(j)(v), of the Actual Working Capital (such amount as so determined, the “Final Working Capital”), the Actual Indebtedness (such amount as so
determined, the “Final Indebtedness”), the Actual Transaction Expenses (such amount as so determined, the “Final Transaction Expenses”) and the Actual Cash and Cash Equivalents (such amount as so determined, the
“Final Cash and Cash Equivalents”), the amount of the Initial Merger Consideration shall be recalculated by substituting the Final Working Capital for the Estimated Working Capital, the Final Indebtedness for the Estimated
Indebtedness, the Final Transaction Expenses for the Estimated Transaction Expenses and the Final Cash and Cash Equivalents for the Estimated Cash and Cash Equivalents (the result, the “Merger Consideration”). The “Merger
Consideration Adjustment Amount,” which may be positive or negative, shall mean (x) the Merger Consideration, as finally determined in accordance with this Section 1(j), minus (y) the Initial Merger
Consideration. If (A) the Merger Consideration is greater than the Initial Merger Consideration, then (1) Parent shall pay or cause to be paid to the Paying Agent (for the benefit of the Stockholders) and the Company (for the benefit of
the Optionholders) the difference between the Initial Merger Consideration and the Merger Consideration, in each case, to be distributed in accordance with the applicable Pro Rata Shares set forth in the Distribution Waterfall and (2) the funds
remaining in the Working Capital Escrow Amount shall be released to the Paying Agent (for the benefit of the Stockholders) and the Company (for the benefit of the Optionholders), in each case, to be distributed in accordance with the applicable Pro
Rata Shares set forth in the Distribution Waterfall; or (B) the Initial Merger Consideration is greater than the Merger Consideration, then (y) such amount shall be paid from the Working Capital Escrow Amount to Parent (with any shortfall
that exceeds the Working Capital Escrow Amount payable to Parent from the Indemnity Escrow Amount in accordance with the applicable Pro Rata Shares set forth in the Distribution Waterfall) and (z) the funds remaining (if any) in the Working
Capital Escrow Amount, after giving effect to clause (y), shall be released to the Paying Agent (for the benefit of the Stockholders) and the Company (for the benefit of the Optionholders), in each case to be distributed in accordance with the
applicable Pro Rata Shares set forth in the Distribution Waterfall. 

  
 -10- 

 (v) Post-Closing Adjustment Payments. The amount of any payment required to be made
pursuant to Section 1(j)(iii) shall be paid to Parent, the Paying Agent (for the benefit of the Stockholders in accordance with the applicable Pro Rata Shares set forth in the Distribution Waterfall) and the Company (for the benefit of
the Optionholders in accordance with the applicable Pro Rata Shares set forth in the Distribution Waterfall), as applicable, within eight (8) days after the final determination of such amount becomes final in accordance with
Section 1(j)(v). For the avoidance of doubt, in the event no payment is required to be made to Parent pursuant to Section 1(j)(iii), the Working Capital Escrow Amount shall be released to the Paying Agent (for the benefit of
the Stockholders in accordance with the applicable Pro Rata Shares set forth in the Distribution Waterfall) and the Company (for the benefit of the Optionholders in accordance with the applicable Pro Rata Shares set forth in the Distribution
Waterfall), as applicable, promptly, but in any event within five (5) days after the Closing Statement becomes final, and the Paying Agent and the Company shall distribute the Working Capital Escrow Amount to the Stockholders and Optionholders
(in each case, in accordance with the applicable Pro Rata Shares set forth in the Distribution Waterfall), as applicable, promptly, but in any event within five (5) days of the release of the Working Capital Escrow Amount. 

(vi) Adjustment Finalization. Unless the Equityholders’ Representative notifies Parent in writing (the “Dispute
Notice”) within thirty (30) Business Days after receipt by the Equityholders’ Representative of the Closing Statement (the “Dispute Notification Period”), of any objections thereto (specifying in reasonable detail
the statement so disputed together with the basis for such dispute), such Closing Statement shall be final and binding for all purposes (it being understood that any Closing Statement not expressly disputed in a writing received by the
Equityholders’ Representative in the Dispute Notification Period shall become final, binding and conclusive upon the expiration of the Dispute Notification Period). If the Equityholders’ Representative timely notifies Parent of any such
objection, Parent and the Equityholders’ Representative shall attempt in good faith to reach an agreement as to the matter in dispute. During the Dispute Notification Period, for purposes of confirming or disputing the Closing Statement, the
Equityholders’ Representative shall be given reasonable access to all of the appropriate records of the Surviving Corporation as well as any appropriate personnel of the Surviving Corporation materially involved in the creation or preparation
of the Closing Statement. If such Parties shall have failed to resolve any such dispute within ten (10) Business Days after receipt of timely notice of such objection (or such longer period mutually agreed to by Parent and the
Equityholders’ Representative), then any such disputed matter shall be submitted to and determined by an independent nationally recognized accounting firm that is mutually agreed upon by Parent and the Equityholders’ Representative (in
each case, the “Independent Accounting Firm”). The Independent Accounting Firm shall be given reasonable access to all of the records of the Surviving Corporation and the Equityholders to resolve any dispute regarding the Closing
Statement, which determination with respect to any disputed matters in the Closing Statement shall be submitted to Parent and the Equityholders’ Representative within twenty (20) Business Days after the parties’ engagement of the
Independent Accounting Firm. The Independent Accounting Firm shall address only those items properly disputed in accordance with this Section 1(i)(vi) and the Independent Accounting Firm shall make its determination as to any disputed
items within the dollar ranges set forth in the Closing Statement delivered by Parent and the Dispute Notice delivered by the Equityholders’ Representative. The fees and expenses of such Independent Accounting Firm incurred in resolving the
disputed matter shall be equitably apportioned between Parent, on the one hand, and the Equityholders’ Representative, on the other hand, such that the Equityholders’ Representative’s share of such fees and expenses shall be in the
same proportion that the aggregate amount that was unsuccessfully disputed by the Equityholders’ Representative (as finally determined by the Independent Accounting Firm) bears to the total amount of such

  
 -11- 

 
disputed amounts so submitted by the Equityholders’ Representative to the Independent Accounting Firm, and Parent’s share shall be the balance of such fees and expenses; provided
that any fees and expenses paid by the Equityholders’ Representative shall be paid solely on behalf of the Equityholders. The Closing Statement, if any, properly disputed hereunder shall, after resolution of such dispute pursuant to this
Section 1(j)(vi), be final, binding and conclusive on all Parties. 
 (k) Release of Liens. Upon the Closing, the Company
shall ensure that all material Liens (including the Liens set forth on Schedule 1(k)), other than Permitted Liens, on the assets of the Company will be released. 

(l) Dissenting Shares. Notwithstanding anything contained herein to the contrary, any shares of Company Capital Stock held by a holder
who has not effectively withdrawn or lost such holder’s appraisal rights under the DGCL (“Dissenting Shares”) shall not be converted into the right to receive the Series AA Per Share Merger Consideration or the Common Per Share
Merger Consideration, as applicable, but the holder thereof shall only be entitled to such rights as are provided by the DGCL. Notwithstanding the foregoing, if any holder of Dissenting Shares shall effectively withdraw or lose (through failure to
perfect or otherwise) such holder’s appraisal rights under the DGCL, then, upon the occurrence of such event, such holder’s shares shall automatically be converted into and represent only the right to receive the consideration for Company
Capital Stock, as applicable, provided for herein, without interest thereon, and subject to all provisions of this Agreement applicable to the Stockholders, upon surrender of the Certificate representing such shares or, if applicable, making of an
affidavit as described in Section 1(g)(vi). The Company shall give Parent prompt notice of any demands for appraisal received by the Company, withdrawals of such demands, and any other instruments served pursuant to the DGCL and received
by the Company. The Company shall not, except with the prior written consent of Parent (which consent shall not be unreasonably withheld, conditioned or delayed), voluntarily make any payment or offer to make any payment with respect to, or settle
or offer to settle, any claim or demand in respect of any Dissenting Shares. To the extent that Parent or the Surviving Corporation (A) makes any payment or payments in respect of any Dissenting Shares in excess of the consideration that
otherwise would have been payable in respect of such shares in accordance with this Agreement or (B) incurs any other out-of-pocket costs or expenses in respect of any Dissenting Shares (excluding payments for such shares) (together
“Dissenting Share Payments”), Parent shall be entitled to recover under the terms of Section 8 hereof (subject to the terms and conditions set forth therein) the amount of such Dissenting Share Payments. 

Section 2. Conditions to Obligations of Parent and Merger Sub. The obligation of Parent and Merger Sub to consummate the
transactions to be performed by each in connection with the Closing is subject to satisfaction (or waiver, in accordance with this Section 2) of the following conditions as of the Closing: 

(a) Representations and Warranties. (i) Each of the representations and warranties set forth in Section 5 (excluding
the representations and warranties in Sections 5(a) (Organization; Capitalization), 5(b) (Authorization of the Transaction), 5(c)(i) (Noncontravention), 5(c)(ii) (Noncontravention), 5(d) (Brokers’ Fees),
5(e) (Subsidiaries and Investments), 5(g)(x) (Absence of Certain Developments) and 5(u) (Affiliate Interests)), 

  
 -12- 

 
disregarding all qualifications and exceptions contained therein relating to “material,” “materiality,” “Material Adverse Effect” or other terms of similar import or
effect, shall be true and correct as of the date of this Agreement and as of the Closing Date with the same effect as though made on and as of the Closing Date (except to the extent that such representation and warranty expressly speaks as of an
earlier date, in which case such representation and warranty shall be true and correct as of such earlier date), except where the failure to be true and correct has not had and would not reasonably be expected to have a Material Adverse Effect;
provided, however, that, notwithstanding the foregoing, the representation of the Company set forth in Section 5(g)(x) (Absence of Certain Developments) shall be true and correct in all respects (without disregarding the
term Material Adverse Effect) as of the date of this Agreement and as of the Closing Date with the same effect as though made on and as of the Closing Date (except to the extent that such representation and warranty expressly speaks as of an earlier
date, in which case such representation and warranty shall be true and correct as of such earlier date); (ii) the representations and warranties in Sections 5(a)(i) (Organization), 5(b) (Authorization of the Transaction),
5(c)(i) (Noncontravention), 5(c)(ii) (Noncontravention), 5(d) (Brokers’ Fees), 5(e) (Subsidiaries and Investments) and 5(u) (Affiliate Interests)) shall be true and correct in all material respects as of the
date of this Agreement and as of the Closing Date with the same effect as though made on and as of the Closing Date (except to the extent that such representation and warranty expressly speaks as of an earlier date, in which case such representation
and warranty shall be true and correct as of such earlier date), and (iii) the representations and warranties in Section 5(a)(ii) (Capitalization) shall be true and correct in all respects (except for such inaccuracies that would
not result in more than a de minimis increase in the aggregate consideration payable by Parent) as of the date of this Agreement and as of the Closing Date with the same effect as though made on and as of the Closing Date (except to the extent that
such representation and warranty expressly speaks as of an earlier date, in which case such representation and warranty shall be true and correct as of such earlier date). 

(b) Covenants and Agreements. The Company shall have performed and complied with in all material respects all of its covenants and
agreements required to be performed or complied with by it under this Agreement on or prior to the Closing Date. 
 (c) Absence of
Material Adverse Effect. There shall not have occurred a Material Adverse Effect. 
 (d) Absence of Litigation. There shall not be
(i) any injunction, writ or order of any nature issued and directing that the transactions provided for herein not be consummated as provided herein or (ii) any Action pending before any Governmental Authority with respect to the
transactions contemplated hereby; provided that Parent and Merger Sub shall not be entitled to rely on the failure of this condition to be satisfied if such Action was instituted by the Parent Group or any of its Affiliates. 

(e) Closing Deliveries. The Company shall have delivered, or caused to be delivered, to Parent all of the following: 

(i) a certificate to the effect that each of the conditions specified in Sections 2(a) through 2(d), inclusive, have been
satisfied; 

  
 -13- 

 (ii) copies of the Charter and bylaws of the Company (the “Bylaws”) and the
written consents or resolutions, as the case may be, of the Stockholders and the Company Board approving this Agreement and authorizing the execution and delivery of this Agreement, the consummation of the transactions contemplated hereby certified
to be accurate and complete and in full force and effect as of the Closing, including the Written Consent; 
 (iii) a certificate of good
standing (or equivalent) of the Company issued by the Secretary of State of the State of Delaware and a certificate of good standing (or equivalent) of each of the Company’s Subsidiaries issued by the secretary of state (or other appropriate
office) of the state of such Subsidiary’s incorporation or formation, as applicable, and certificates of good standing of the Company and each of the Company’s Subsidiaries issued by the Secretary of State (or other appropriate office) of
those jurisdictions set forth on Schedule 5(a)(i)(A) attached hereto; 
 (iv) all books and records pertaining to the business of the
Company and each of the Company’s Subsidiaries, including all corporate and other records, books of account, contracts, agreements and such other documents or certificates as Parent may reasonably request, including minute books and stockholder
records (if any); 
 (v) resignations of the directors and officers of the Company and each of the Company’s Subsidiaries (except to
the extent otherwise identified in writing by Parent prior to the Closing Date), effective at or prior to the Closing; 
 (vi)
Non-Solicitation, Non-Disparagement and Confidentiality Agreement signed by Actua Corporation (“Actua”) in substantially the form of Exhibit E attached hereto (the “Non-Solicitation Agreement”), which such
Non-Solicitation Agreement shall be in full force and effect as of the Closing; 
 (vii) Non-Competition, Non-Solicitation,
Non-Disparagement and Confidentiality Agreement signed by Scott Burns in substantially the form of Exhibit F attached hereto (“Non-Competition Agreement”), which such Non-Competition Agreement shall be in full force and
effect as of the Closing; 
 (viii) payoff letters for the Repaid Indebtedness in a form reasonably satisfactory to Parent; 

(ix) evidence, in form and substance reasonably satisfactory to Parent, of the termination of the contracts, agreements, and arrangements set
forth on Schedule 9(j); 
 (x) Option Cancellation Agreements duly executed by Optionholders holding no less than ninety-five percent
(95%) of the aggregate value of the In-the-Money Options, which such Option Cancellation Agreements shall be in full force and effect; 

(xi) the Escrow Agreement, substantially in the form attached hereto as Exhibit G, duly executed by the Equityholders’
Representative and the Escrow Agent (the “Escrow Agreement”), which such Escrow Agreement shall be in full force and effect; and 

  
 -14- 

 (xii) the Paying Agent Agreement, substantially in the form attached hereto as Exhibit H,
duly executed by the Equityholders’ Representative, Citibank, N.A., a national banking association as depository agent (the “Depository Agent”), and Continental Stock Transfer & Trust Company, a New York corporation,
as paying agent (the “Paying Agent”) (the “Paying Agent Agreement”), which such Paying Agent Agreement shall be in full force and effect. 

(f) Regulatory Approvals, Licenses and Permits. All waiting periods (and any extensions thereof) applicable to the transactions
contemplated hereby under the HSR Act or any other antitrust laws shall have been terminated or shall have expired. No Order (whether temporary, preliminary or permanent) has been entered by a Governmental Authority that restrains, enjoins, suspends
or otherwise prohibits the consummation of the Closing. Parent shall have received evidence reasonably satisfactory to it that all regulatory approvals, licenses and permits set forth on Schedule 2(f) have been received from each jurisdiction
in which the Company or any of the Company’s Subsidiaries presently has operations such that Parent shall be legally entitled to continue to provide the same products and services that the Company and its Subsidiary provided before the
consummation of the transactions contemplated hereby. 
 (g) Real Property Holding Corporation Affidavit. The Company shall deliver an
affidavit, under penalties of perjury, stating that the Company is not and has not been within the applicable period a United States real property holding corporation, dated as of the Closing Date and in form and substance required under Treasury
Regulation Section 1.897-2(h). 
 (h) Liens. None of the assets or properties of the Company shall be subject to any Liens
(including the Liens set forth on Schedule 1(k)), other than Permitted Liens and Liens that, individually or in the aggregate, are not material to the Business. 

(i) Dissenting Shareholders . At least twenty (20) days shall have passed since the delivery of the Stockholder Notice to the
holders of Company Capital Stock, and as of the Effective Time, the holders of no more than five percent (5%) of the shares of Company Capital Stock shall have exercised any statutory dissenters’ rights. 

(j) Joinder Agreements. The Company will have delivered or caused to be delivered to Parent, Joinder Agreements, duly executed by
holders of at least ninety percent (90%) of the outstanding Company Capital Stock (on an as-converted basis). 
 Parent and Merger Sub may waive any
condition specified in this Section 2 in writing at or prior to the Closing. 
 Section 3. Conditions to Obligation of
the Company. The obligation of the Company to consummate the transactions to be performed by them in connection with the Closing is subject to the satisfaction (or waiver, in accordance with this Section 3) of the
following conditions as of the Closing: 
 (a) Representations and Warranties. Each of the representations and warranties set forth in
Section 6 (excluding the representations and warranties in Sections 6(a), 6(b), 6(c)(i), and 6(d)), disregarding all qualifications and exceptions contained therein relating to “material,”
“materiality,” “material adverse effect” or other terms of similar import or effect, 

  
 -15- 

 
shall be true and correct as of the date of this Agreement and as of the Closing Date with the same effect as though made on and as of the Closing Date (except to the extent that such
representation and warranty expressly speaks as of an earlier date, in which case such representation and warranty shall be true and correct as of such earlier date), except where the failure to be true and correct has not had and would not
reasonably be expected to have a material adverse effect on the ability of Parent to consummate the transactions contemplated hereby; provided, however, that, notwithstanding the foregoing, the representations and warranties in
Sections 6(a), 6(b), 6(c)(i) and 6(d) shall be true and correct in all material respects as of the date of this Agreement and as of the Closing Date with the same effect as though made on and as of the Closing Date
(except to the extent that such representation and warranty expressly speaks as of an earlier date, in which case such representation and warranty shall be true and correct as of such earlier date). 

(b) Covenants and Agreements. Each of Merger Sub and Parent shall have performed and complied with in all material respects all of the
covenants and agreements required to be performed or complied with by it under this Agreement prior to the Closing Date. 
 (c) Absence of
Litigation. There shall not be (i) any injunction, writ or order of any nature issued and directing that the transactions provided for herein not be consummated as provided herein or (ii) any Action pending before any Governmental
Authority with respect to the transactions contemplated hereby; provided that the Company shall not be entitled to rely on the failure of this condition to be satisfied if such Action was instituted by the Company or any of its Affiliates.

 (d) Closing Deliveries. Parent shall have delivered, or caused to be delivered, to the Company all of the following: 

(i) a certificate to the effect that each of the conditions specified in Sections 3(a) through 3(c), inclusive, have been
satisfied; 
 (ii) certified copies of the resolutions of Parent’s and Merger Sub’s boards of directors approving this Agreement
and authorizing the execution and delivery of this Agreement and the consummation of the transactions contemplated by this Agreement; 

(iii) a certificate of good standing of each of Parent and Merger Sub issued by the Secretary of State of the applicable jurisdiction of
incorporation or formation; 
 (iv) the Escrow Agreement, duly executed by Parent and the Escrow Agent, which such Escrow Agreement shall be
in full force and effect; 
 (v) the Paying Agent Agreement, duly executed by Parent, the Depository Agent and the Paying Agent, which such
Paying Agent Agreement shall be in full force and effect; 
 (vi) evidence that either (A) Parent has provided guarantees adequate to
replace Actua as guarantor under each of the agreements set forth on Schedule 3(d)(vi) or (B) the counterparty to each such agreement has determined that a guarantee is no longer required and has fully released Actua from its
obligations as a guarantor under such agreement; and 

  
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 (vii) the Representative Side Letter, duly executed by Parent, which such Representative Side
Letter shall be in full force and effect. 
 (e) Regulatory Approvals. All waiting periods (and any extensions thereof) applicable to
the transactions contemplated hereby under the HSR Act or any other antitrust laws shall have been terminated or shall have expired. No Order (whether temporary, preliminary or permanent) has been entered by a Governmental Authority that restrains,
enjoins, suspends or otherwise prohibits the consummation of the Closing. 
 The Company may waive any condition specified in this Section 3 in
writing at or prior to the Closing. 
 Section 4. Covenants Prior to Closing. For purposes of this Section 4,
the term “Company” shall be deemed to refer to and include the Company and each of the Company’s Subsidiaries. 
 (a)
Affirmative Covenants. From the date hereof and through the Closing Date, except as otherwise expressly provided herein, the Company shall carry on the Business in the ordinary course of business and substantially in the same manner as
previously conducted unless Parent shall have otherwise given its prior written consent. Without limiting the generality of the foregoing, the Company shall: 

(i) conduct the Business, including its cash management customs and practices (including the collection of receivables and payment of
payables) and billing, marketing, sales and discount practices, only in the usual and ordinary course of business in accordance with past custom and practice, and use commercially reasonable efforts to keep its business organization, properties,
assets and business relationships intact; 
 (ii) use commercially reasonable efforts to (A) cooperate with Parent in Parent’s
investigation of the Business as Parent may reasonably request and use commercially reasonable efforts to provide Parent, its financing sources and its authorized representatives with reasonable access at reasonable times and upon reasonable notice,
to the offices, properties, advisors, agents, senior management and books and records of the Company that Parent may reasonably request, (B) provide reasonable assistance with the preparation and negotiation of, loan agreements, pledge and
security documents and other definitive documents and/or certificates (including a solvency certificate) in connection with any financing arranged or utilized by Parent (such documents, collectively “Financing Documents”),
(C) provide reasonable assistance with the completion of schedules and other information disclosures reasonably requested by Parent (including in connection with the Financing Documents), (D) cooperate in the replacement or backstop of any
outstanding letters of credit issued for the account of the Company, (E) furnish, as promptly as practicable, Parent and Parent’s financing sources with all documentation and other information with respect to the Company required under
applicable “know your customer” and anti-money laundering laws, rules and regulations, including the U.S. PATRIOT Act, (F) obtain the Payoff Documents in a form reasonably satisfactory to Parent, Merger Sub and their financing
sources, and (G) facilitate the pledge of the collateral for any financing sources; provided that such pledge, for the avoidance of doubt, shall not be effective prior to the consummation of the Merger; provided, further
that (1) the 

  
 -17- 

 
actions required under clauses (A) through (G) above do not unreasonably interfere with the duties and responsibilities of the Company’s officers, agents, advisors or employees
with respect to the operations of the Company, (2) all reasonable travel costs of such officers, agents, advisors and employees related to the actions described in this Section 4(a)(ii) are promptly reimbursed by or on behalf of
Parent and (3) all other reasonable documented out-of-pocket costs, fees and expenses incurred by the advisors of the Company related to actions pursuant to this Section 4(a)(ii) are promptly reimbursed by or on behalf of Parent;
and 
 (iii) maintain the existence of and use commercially reasonable efforts to protect all Intellectual Property owned by the Company.

 (b) Negative Covenants. From the date hereof and prior to the Closing Date, except as otherwise provided or required herein or as
set forth in Schedule 4(b), the Company shall not, unless Parent shall have otherwise given its prior written consent: 
 (i)
Take any action or omit to take any action that would require disclosure under Sections 5(g)(i), (ii), (iii), (iv), (v), (vii), (viii), (ix), (x), (xi), (xiv), (xv),
(xvi), (xvii), (xviii) or (xix) hereof (Absence of Certain Developments) as of the Closing Date; 

(ii) hire or otherwise enter into or amend any employment agreement or arrangement with any Person (A) outside of the ordinary course of
business or (B) whose compensation would exceed, on an annualized basis, $100,000; 
 (iii) enter into a consulting agreement or
arrangement with any Person providing for compensation that would exceed $75,000 in the aggregate; 
 (iv) enter into or amend any
agreements providing for, making or granting any bonus, severance or termination pay other than as required under the terms of any agreements set forth on Schedule 5(n) or any Plans set forth on Schedule 5(s)(i); enter into or amend
any agreements or otherwise provide for any increase in any wage, salary or other compensation payable to any director, officer, employee, consultant or other service provider; increase the benefits to be provided under any employee benefit plan,
program, policy or arrangement, except as provided under Section 1(h), or adopt, amend or terminate any Plan (including any employee benefit plan that would be a Plan if it was in effect on the date hereof) except amendments to Plans
that are required under applicable law; 
 (v) implement any employee layoffs implicating the WARN Act or similar applicable state law; 

(vi) establish, adopt, enter into, or amend any collective bargaining agreement or any other similar agreement with any labor union or labor
organization; 
 (vii) take any action or omit to take any action, the taking or omission of which, would reasonably be expected to have a
Material Adverse Effect; 

  
 -18- 

 (viii) (A) enter into any contract, agreement or arrangement that would be required to be
disclosed pursuant to Section 5(n)(xii) hereunder, (B) except as provided under Section 1(h), directly or indirectly engage in any transaction, arrangement or contract with any officer, director, stockholder or Affiliate
of the Company or any known relative of such an officer, director or Affiliate, outside the ordinary course of business or (B) incur any Indebtedness for borrowed money outside of the ordinary course of business; 

(ix) settle or compromise any Action or threatened Action (or series of related Actions) for an amount in excess of $100,000; 

(x) enter into, materially amend or modify, outside the ordinary course of business (for the avoidance of doubt renewals of existing customer
contracts shall be considered to be in the ordinary course of business), or terminate any agreement the disclosure of which would be required by Section 5(n) of this Agreement were such agreement in effect as of the date of this
Agreement; 
 (xi) make any material deviations from planned marketing in the ordinary course of business; 

(xii) introduce any of the following changes with respect to the operation of the Company: (A) (x) any material change in the types,
nature, or composition, outside the ordinary course of business, or (y) any material change in quality, in each case of the products or services sold, leased or delivered by the Company, (B) any material change in product specifications or
prices or terms of distribution of the products, outside the ordinary course of business, (C) any material change in pricing, discount, allowance, warranty, refund or return policies or practices, outside the ordinary course of business,
(D) any material modification of any pricing, discount, allowance, warranty, refund or return terms for any customer or vendor, outside the ordinary course of business, or (E) any material change to the manner in which the Company licenses
or otherwise distributes its products, outside the ordinary course of business; 
 (xiii) convert any customer product license agreement
from a subscription-based model to a fully paid-up model, other than in the ordinary course of business; 
 (xiv) enter into any contract,
agreement or arrangement that obligates the Company to refund the counter-party to any such contract, agreement or arrangement any license fees payable pursuant to the terms of such contract, agreement or arrangement (other than pursuant to the
terms and conditions of the Company’s warranty terms or service level agreements entered into in the ordinary course of business), other than in the ordinary course of business; 

(xv) enter into any contract, agreement or arrangement that obligates the Company to develop any Intellectual Property related to the Company
or the Company Products, other than customizations of Company Products developed for customers in the ordinary course of business, which such customizations shall be owned by the Company; 

(xvi) materially modify standard billing or collection procedures, other than in the ordinary course of business; 

  
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 (xvii) make or change any election with respect to any material Taxes, adopt or change any
accounting method, amend any material Tax Returns, enter into any closing agreement related to material Taxes, settle any material Tax claim or assessment, or consent to any extension or waiver of the limitation period applicable to any Tax claim or
assessment; 
 (xviii) disclose any of the Company’s trade secrets to any third party, other than pursuant to confidentiality
agreements; or 
 (xix) agree to do anything prohibited by this Section 4(b). 

(c) Mutual Covenants. Each of Parent, Merger Sub and the Company shall: 

(i) use commercially reasonable efforts to cause the conditions to each other party’s obligation to close to be satisfied; 

(ii) use commercially reasonable efforts to do all things necessary and proper to consummate the transactions contemplated by this Agreement,
as soon as practicable, including obtaining third party consents (including the consents set forth on Schedule 5(c)); and 
 (iii)
promptly deliver to the other parties written notices, upon becoming aware of (A) any fact, change, condition, circumstance, event, occurrence or non-occurrence that has caused or is reasonably likely to cause the failure of any conditions set
forth in Section 2(a) or Section 3(a), as applicable, (B) any material failure on the part of such party to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder
where such failure is reasonably likely to cause the failure of any of the conditions set forth in Section 2(b) or Section 3(b), as applicable, or (C) (1) any injunction, writ or order of any nature issued and
directing that the transactions provided for herein not be consummated as herein provided or (2) any Action pending or threatened before any Governmental Authority with respect to the transactions contemplated hereby; provided that,
subject to Section 4(d), the delivery of any notice pursuant to this Section 4(c)(iii) shall not limit or otherwise affect the remedies available hereunder to the party receiving such notice, or the representations and
warranties or conditions to the obligations of, the Parties; provided further that the failure to deliver a notice pursuant to this Section 4(c)(iii) shall not (x) be considered in determining whether the conditions
set forth in Section 2 or Section 3 have been satisfied or (y) be deemed to be a breach of a covenant under this Section 4 but instead shall constitute only a breach of the underlying representation or
warranty or covenant, condition or agreement, as the case may be. 
 (d) Exclusivity. The Company agrees that it will not, and will
cause its officers, directors, employees, stockholders, partners, members, agents, financial advisors, consultants, attorneys, accountants, representatives or other advisors not to, directly or indirectly (i) solicit, intentionally and
knowingly initiate, facilitate, or encourage the submission of any Acquisition Proposal or accept any such Acquisition Proposal; (ii) participate in any discussions, negotiations or other communications (as a sender thereof) regarding, or
furnish to any Person any information with respect to, or take any other action to knowingly facilitate or encourage any inquiries or the making of any proposal that constitutes, or could reasonably be expected to lead to, any Acquisition Proposal,
or otherwise knowingly cooperate in any way, knowingly assist or knowingly participate in, knowingly facilitate or knowingly encourage any effort or attempt by any other Person to seek to do any of the foregoing; or (iii) enter into any
agreement with respect to any Acquisition Proposal. Immediately following the execution and delivery of this 

  
 -20- 

 
Agreement, the Company shall, and the Company shall cause its officers, directors, employees, partners, members, agents, financial advisors, consultants, attorneys, accountants, authorized
representatives or other advisors to, cease and cause to be terminated all existing discussions, negotiations and other communications with any Persons conducted heretofore with respect to any of the foregoing. The Company shall, as promptly as
practicable (and in any event within one (1) Business Day after such party obtains knowledge thereof), notify Parent if any other written proposals or offers, or any written expressions of interest for the Company are made (unless such
disclosure is prohibited by a confidentiality or standstill agreement executed prior to the date hereof). The Company shall not release any third party from, or waive any provision of, any such confidentiality or standstill agreement to which it is
a party. 
 (e) Monthly Financial Statements. The Company shall promptly deliver to Parent copies of the Company’s monthly
financial statements (as prepared in the ordinary course of business consistent with past practice for internal use) as they are finalized between the date of this Agreement and the Closing Date on or prior to the tenth (10th) Business Day following the last day of each such month (the “Monthly Financial Statements”). The Monthly Financial Statements shall be prepared in accordance with GAAP (except
for the absence of the notes thereto and subject to normal year-end adjustments), shall be consistent in all material respects with the books and records of the Company, and shall fairly present, in all material respects, the Company’s
consolidated balance sheets and the related consolidated statements of operations, stockholders’ deficit and cash flows for the fiscal periods then ended. 

(f) Stockholder Notice; Appraisal Rights; Written Consent. Within 24 hours following the execution of this Agreement, the Company shall
deliver to Parent the Written Consent and the Joinder Agreement executed by the Significant Equityholders. Within three (3) Business Days after the delivery of the Written Consent, the Company shall prepare and deliver to each of the holders of
Company Capital Stock a written notice (the “Stockholder Notice”) pursuant to the DGCL and the Charter. The Stockholder Notice shall (x) comply with the requirements of the DGCL and all applicable federal and state securities
laws, including notice of the availability of appraisal rights under the DGCL and (y) be in a form and substance reasonably acceptable to Parent. The Stockholder Notice shall include a copy of the Written Consent and the Joinder Agreement along
with an information statement describing this Agreement and the transactions contemplated herein (including the Merger) for approval and adoption as provided by the DGCL and the Company’s organizational and governing documents. The Stockholder
Notice, and any proxy or consent in connection therewith, shall specify that adoption of this Agreement shall constitute approval by the Stockholders of: (i) the Escrow Amount and obligations of the Stockholders set forth in Section 1
hereof and the deposit of the Escrow Amount with the Escrow Agent, (ii) the appointment of Actua USA Corporation as the Equityholders’ Representative, with the rights and responsibilities set forth in this Agreement, and (iii) the
deposit of the Reserve Amount with the Equityholders’ Representative. The Company shall use its commercially reasonable efforts to obtain the approval of or consent to the Merger, the transaction contemplated hereby and this Agreement from each
of the Stockholders as soon as reasonably practicable following the date of this Agreement. 

  
 -21- 

 (g) Directors and Officers Indemnification. 

(i) Prior to the Closing Date, the Company shall purchase, at the Company’s expense, “tail” coverage (the “D&O Tail
Policy”) for the six-year period following the Closing under the directors’ and officers’ liability insurance policies of the Company to be in place prior to the Closing Date with respect to matters existing or occurring at or
prior to the Closing Date that provides coverage no less favorable in scope and amount to the coverage provided by such policies at such time. 

(ii) From and after the Effective Time, and until the sixth (6th) anniversary of the Effective Time, Parent shall cause the Surviving
Corporation to fulfill and honor in all respects the obligations of the Company to Persons who on or prior to the Effective Time are or were directors and/or officers of the Company (the “D&Os”) pursuant to any indemnification
provisions under the Charter or the Bylaws as in effect on the date hereof and pursuant to any indemnification agreements between the Company and such D&Os existing as of the date hereof solely to the extent listed on Schedule 4(g)(ii),
with respect to claims arising out of matters occurring at or prior to the Effective Time; provided, however, that (x) the foregoing obligations shall be subject to any limitation imposed by applicable laws and will not apply with
respect to any fraud or willful misconduct committed by such Persons in connection with this Agreement, any agreement contemplated herein or any transaction contemplated hereby or thereby, and (y) none of the D&Os shall have any right of
contribution, indemnification or right of advancement from Parent, the Surviving Corporation or their respective successors with respect to any Losses claimed by any of the Indemnified Parties against any such D&O in his or her capacity as an
Indemnifying Party pursuant to this Agreement. 
 (iii) The provisions of this Section 4(g) are intended to be for the benefit
of, and shall be enforceable by, the D&Os and their respective heirs, personal representatives, successors and assigns. 
 (iv) In the
event Parent or the Surviving Corporation or any of their respective successors or assigns (A) consolidates with or merges into any other Person and shall not be the continuing or surviving entity of such consolidation or merger or
(B) transfers or conveys all or substantially all of its properties and assets to any Person, then, and in each such case, proper provisions shall be made so that the successors and assigns of Parent or the Surviving Corporation, as the case
may be, assume the obligations set forth in this Section 4(g). 
 (h) Antitrust Matters. Parent (and its Affiliates, if
applicable), on the one hand, and the Company (and its Affiliates, if applicable), on the other hand, will, to the extent required in the reasonable judgment of counsel to Parent and the Company, (i) file with the United States Federal Trade
Commission (“FTC”) and the Antitrust Division of the United States Department of Justice (“DOJ”) a Notification and Report Form relating to this Agreement and the transactions contemplated by this Agreement as
required by the HSR Act within three (3) Business Days following the date of this Agreement (such filings shall specifically request early termination of the waiting period, and Parent and the Company shall each be responsible for fifty percent
(50%) of the filing fee payable under the HSR Act); and (ii) promptly file comparable pre-merger notification filings, forms and submissions with any Governmental Authority that are required by other applicable antitrust laws in connection
with the transactions contemplated by 

  
 -22- 

 
this Agreement (with any comparable pre-merger filings to be made as soon as reasonably practicable following the date of this Agreement and Parent and the Company shall each be responsible for
fifty percent (50%) of the filing fee with respect to such filing). Each of Parent and the Company will (A) cooperate and coordinate (and cause its respective Affiliates to cooperate and coordinate) with the other in the making of such
filings; (B) supply the other (or cause the other to be supplied) with any information or documents that may be required in order to make such filings; provided that insofar as any such information or documents are competitively
sensitive, such information or documents may be provided directly to the relevant Governmental Authorities or, if required, on an outside counsel-to-counsel, in each case on a strictly confidential basis; (C) supply (or cause the other to be
supplied) any additional information that reasonably may be required or requested by the FTC, the DOJ or the Governmental Authorities of any other applicable jurisdiction in which any such filing is made; and (D) use reasonable best effort to
(1) cause the expiration or termination of the applicable waiting periods pursuant to the HSR Act and any other antitrust laws applicable to the transactions contemplated by this Agreement; and (2) obtain any required consents pursuant to
any antitrust laws applicable to the transactions contemplated by this Agreement as soon as practicable. Parent (and its Affiliates, if applicable), on the one hand, and the Company (and its Affiliates), on the other hand, will (i) promptly
inform the other party of any material written or oral communication received from any Governmental Authority relating to the transactions contemplated hereby (and if in writing, furnish the other party with a copy of such communication);
(ii) use its reasonable best efforts to respond as promptly as practicable to any request from any Governmental Authority for information, documents or other materials in connection with the review of the HSR Act Filings or the transactions
contemplated hereby; (iii) provide to the other party, and permit the other party to review and comment in advance of submission, all proposed material correspondence and written communications to any Governmental Authority with respect to the
transactions contemplated hereby; and (iv) not participate in any substantive meeting or discussion with any Governmental Authority in respect of investigation or inquiry concerning the transactions contemplated hereby without giving the other
parties reasonable prior notice of such meeting or discussions and, except as prohibited by applicable Law or Governmental Authority, gives the other party the opportunity to attend and participate thereat. If any Party or Affiliate thereof receives
a request for additional information or documentary material from any Governmental Authority with respect to the transactions contemplated by this Agreement pursuant to the HSR Act or any other antitrust laws applicable to the transactions
contemplated by this Agreement, then such Party will make (or cause to be made), as soon as reasonably practicable and after consultation with the other Parties, an appropriate response in compliance with such request. 

Section 5. Representations and Warranties of the Company. As a material inducement to Parent and Merger Sub to enter into
and perform their respective obligations under this Agreement, as of the date hereof and as of the Closing (unless made as of a specific date) the Company represents and warrants to Parent as follows (it being understood that for purposes of this
Section 5, the term “Company” shall be deemed to refer to and include the Company and each of the Company’s Subsidiaries, as applicable): 

  
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 (a) Organization; Capitalization. 

(i) The Company is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of formation, and
the Company is also qualified to do business and in good standing in those jurisdictions set forth on Schedule 5(a)(i)(A) attached hereto which jurisdictions constitute all of the jurisdictions in which the ownership of properties or the
conduct of the Business requires the Company to be so qualified, except where failure to be so qualified and in good standing would not result or reasonably be expected to result in, a Material Adverse Effect to the Company. A correct and complete
list of the directors and officers of the Company is set forth on Schedule 5(a)(i)(B) attached hereto. 
 (ii) The attached
Schedule 5(a)(ii) accurately sets forth the authorized and outstanding securities of the Company and the name of each holder of such securities together with the number of such securities held by each such Person. All of the issued and
outstanding securities of the Company have been duly authorized, are validly issued, fully paid and nonassessable, are not subject to, nor were they issued in violation of, any preemptive rights, and are owned of record and beneficially by the
Stockholders as described on Schedule 5(a)(ii). Except for this Agreement, the Stockholder Agreements and as may be set forth on the attached Schedule 5(a)(ii), there are no outstanding or authorized Options, Non-Participating Options,
rights, contracts, calls, puts, rights to subscribe, rights of first refusal, rights of first offer, conversion rights or other agreements or commitments to which the Company is a party or which are binding upon the Company providing for the
issuance, disposition or acquisition of any of its securities or any rights or interests exercisable therefor. There are no outstanding or authorized stock appreciation, phantom stock or similar rights with respect to the Company. Except for the
Stockholder Agreements, there are no voting trusts, proxies or any other agreements or understandings with respect to the voting of the securities of the Company. The Company has not received any unconditional or conditional shareholders’
contributions or any equity or other capital contributions of any nature that may involve any repayment obligations of the Company. Except for the Stockholder Agreements, the Company is not subject to any obligation (contingent or otherwise) to
repurchase or otherwise acquire or retire any of its securities. 
 (b) Authorization of the Transaction. The execution, delivery and
performance by the Company of this Agreement, each other agreement, document, instrument or certificate contemplated hereby, to which the Company is a party or at the Closing will be a party, and of each of the transactions contemplated hereby and
thereby have been duly and validly authorized by the Company, and no other act or proceeding on the part of the Company, the Company Board or the Stockholders is necessary to authorize the execution, delivery or performance by the Company of this
Agreement or each other agreement, document, instrument or certificate contemplated hereby, to which the Company is a party or at the Closing will be a party, or the consummation of any of the transactions contemplated hereby and thereby, other than
the Written Consent and the approval of this Agreement and the transactions contemplated by this Agreement, including the Merger, by the Company Board. On or prior to the date of this Agreement, the Company Board has, at a meeting duly called and
held in which all directors were present, unanimously determined that this Agreement and the transactions contemplated by this Agreement, including the Merger, are fair to and in the best interest of the Company and the holders of Company Capital
Stock, and adopted resolutions (i) approving this Agreement, and (ii) declaring this Agreement and the Merger advisable and directed that this Agreement be 

  
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submitted to the holders of Company Capital Stock for their adoption, which resolutions have not been subsequently withdrawn or modified in a manner adverse to Parent. This Agreement has been
duly executed and delivered by the Company, and this Agreement constitutes, and each other agreement, document, instrument or certificate contemplated hereby, to which the Company is a party or at the Closing will be a party, upon execution and
delivery by the Company will each constitute, a valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, except as such enforceability may be limited by (x) bankruptcy, insolvency,
reorganization, moratorium or other similar laws, now or hereafter in effect, relating to or limiting creditors’ rights generally, and (y) as limited by laws relating to the availability of specific performance, injunctive relief or other
equitable remedies (the “Enforceability Exceptions”). 
 (c) Noncontravention. Except as set forth on Schedule
5(c), neither the execution and the delivery of this Agreement or any other agreement, document, instrument or certificate contemplated hereby, and none of the transactions contemplated hereby or thereby, shall (i) violate any law or other
restriction of a Governmental Authority (other than in its capacity as a customer of the Company) to which the Company is subject in any material respect, (ii) violate any provision of the Charter and Bylaws, (iii) result in a breach or
acceleration of, or create in any party the right to accelerate, terminate, modify, or require any notice under, any agreement or other arrangement required to be disclosed pursuant to Section 5(n) or (iv) result in the imposition
of any material Lien upon any of the Company’s assets except, in the case of clause (iii), for such breaches, accelerations, terminations or modifications as would not be reasonably expected to be material to the Company. The Company is not
required to give any notice to, make any filing with, or obtain any authorization, consent or approval of any Governmental Authority (other than in its capacity as a customer of the Company) in order for the Parties to consummate the transactions
contemplated by this Agreement, except for the filing and recordation of the Certificate of Merger as required by the DGCL and necessary filings under the HSR Act. 

(d) Brokers’ Fees. Except as set forth on Schedule 5(d), the Company has no obligation to pay any fees or commissions to any
broker, finder or agent with respect to the transactions contemplated by this Agreement. 
 (e) Subsidiaries and Investments. Except
as set forth on Schedule 5(e) attached hereto, at all times prior to the date hereof, the Company has not had any Subsidiaries. Except as set forth on Schedule 5(e) attached hereto, the Company does not own, directly or indirectly, any
stock or other interest in, or any security issued by, any other Person. Each of the Subsidiaries set forth on Schedule 5(e) attached hereto is an entity duly organized, validly existing and in good standing under the laws of the jurisdiction
of each such Subsidiary’s incorporation or formation, and such Subsidiary is also qualified to do business and in good standing in those jurisdictions set forth on Schedule 5(e) attached hereto which jurisdictions constitute all of the
jurisdictions in which the ownership of properties or the conduct of the Business requires such Subsidiary to be so qualified, except where failure to be so qualified and in good standing would not result or reasonably be expected to result in, a
Material Adverse Effect to such Subsidiary. The Company owns directly or indirectly all of the outstanding equity interests of the Subsidiary set forth on Schedule 5(e) attached hereto, and there are no subscriptions, options, warrants,
commitments, preemptive rights, agreements, arrangements or 
 commitments of any kind relating to the issuance or sale of, or outstanding securities
convertible into or exercisable for, any shares of capital stock or any class or other equity interests with respect to such Subsidiary. 
  

  
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 (f) Financial Statements. Schedule 5(f) attached hereto contains the following
financial statements (collectively the “Financial Statements”): 
 (i) the unaudited consolidated balance sheets of the
Company as of December 31, 2014 and December 31, 2015, and the related unaudited consolidated statements of operations, changes in stockholders’ equity and cash flows for the fiscal periods then ended, and the related notes thereto
(if any); 
 (ii) the unaudited consolidated balance sheet of the Company as of July 31, 2016 (such date, the “Latest Balance
Sheet Date”) (such balance sheet, the “Latest Balance Sheet”), and the related unaudited consolidated statements of operations, changes in stockholders’ equity and cash flows for the seven-month period then ended; 

The Financial Statements are based upon and consistent with information contained in the books and records of the Company (which books and records are
accurate, correct and complete in all material respects) and fairly present, in all material respects, the financial condition and results of operations of the Company as of the times and for the periods referred to therein in accordance with GAAP
and the Financial Statements have been prepared in accordance with GAAP, as consistently applied throughout such periods (except for the absence of notes and subject to normal recurring year-end adjustments (which adjustments are not expected to be
material, individually or in the aggregate, in scope or amount) in the case of any interim Financial Statements). The Company Relevant Persons have not directly or indirectly (A) circumvented the internal accounting controls of the Company,
(B) intentionally falsified any of the books, records or accounts of the Company, or (C) made false or misleading statements to, or attempted to coerce or fraudulently influence, an accountant in connection with any audit, review or
examination of the financial statements of the Company and, to the Knowledge of the Company, no Other Relevant Person has directly or indirectly (X) circumvented the internal accounting controls of the Company, (Y) intentionally falsified
any of the books, records or accounts of the Company or (Z) made false or misleading statements to, or attempted to coerce or fraudulently influence, an accountant in connection with any audit, review or examination of the financial statements
of the Company. Except as set forth on Schedule 5(f) attached hereto, no Equityholder owes to the Company any outstanding advances, money obligations or other indebtedness. 

(g) Absence of Certain Developments. (x) Since December 31, 2015, there has not been any Material Adverse Effect, and
(y) since that date (or, with respect to Section 5(g)(xii), since the Latest Balance Sheet Date), except as set forth on Schedule 5(g) attached hereto, the Company has conducted its operations in the ordinary course of
business, and, without limiting the generality of the foregoing: 
 (i) the Company has not sold, assigned, or otherwise transferred any of
its assets (including Intellectual Property) other than sales in the ordinary course of business; 

  
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 (ii) the Company has not licensed any of its Intellectual Property, except for non-exclusive
grants to customers to access the Company’s Software (on a hosted basis) in the ordinary course of business; 
 (iii) the Company has
not terminated any agreement (or series of related agreements) either involving more than $300,000 or outside the ordinary course of business; 

(iv) no party (including the Company) has accelerated, terminated or materially modified (except with respect to renewals of customer
contracts in the ordinary course of business) any agreement or other arrangement (or series of related agreements or arrangements) involving more than $300,000 to which the Company is a party or by which the Company is bound and, to the Knowledge of
the Company, no party has informed the Company in writing of its intention to take any such action; 
 (v) the Company has not suffered or
imposed any material Lien (except Permitted Liens) upon any of its assets (including any Company Intellectual Property); 
 (vi) the Company
has not compromised any Action, right or claim (or series of related Actions, rights or claims) involving more than $100,000; 
 (vii) the
Company has not experienced any material damage or loss (whether or not covered by insurance) to its property; 
 (viii) the Company has not
entered into or terminated any employment agreement (other than offer letters for at-will employment that do not deviate in any material respect from the offer letter templates provided to Parent and that do not provide for severance), collective
bargaining agreement, or any similar agreement with a labor union or labor organization, or modified the terms of any existing such agreement; 

(ix) the Company has not recorded any sales revenues pursuant to transactions in which the purchaser of such products has the right to return
such products or services, including software-as-a-service, at a future date or has the right to elect early termination of such services and receive a refund of service fees paid, as applicable (other than pursuant to the terms and conditions of
the Company’s warranty terms or service level agreements entered into in the ordinary course of business); 
 (x) the Company has not
failed to pay and discharge current liabilities in the ordinary course of business and consistent with the past custom and practice, except where disputed in good faith by appropriate proceedings; 

(xi) the Company has not, except in the ordinary course of business, (A) made any change in any material respects in terms of
distribution of products or services, (B) made any change in any material respects to its pricing, discount, allowance or return policies, (C) granted any pricing, discount, allowance or return terms for any customer or vendor, including
by modifying the manner in which it licenses or otherwise distributes its products, including making any material change in the proportion of fully paid-up and subscription-based licenses granted to customers, or (D) decreased by at least
$25,000 (determined on an annual recurring revenue basis) the amount of any subscription and support renewal fees due to the Company from the amount of such subscription and support renewal fee payable to the business during the preceding
twelve-month period; 

  
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 (xii) except as provided under Section 1(h), the Company has not granted any
material increase in the compensation of any of its directors, officers, employees or other service providers; 
 (xiii) the Company has not
adopted, amended or terminated any employee benefit plan, program or arrangement or otherwise increased (or otherwise agreed to materially increase) the benefits (other than sales compensation) provided to any directors, officers, employees or other
services providers; 
 (xiv) the Company has not conducted its cash management customs and practices (including the collection of
receivables, payment of payables, capital expenditures and pricing and credit practices) other than in the usual and ordinary course of business consistent with past custom and practice; 

(xv) the Company has not declared, set aside or paid any dividend or distributed cash or other property to any Equityholder with respect to
its securities, redeemed or otherwise acquired any of its securities or warrants, options or other rights to acquire its securities, or made any other payments to any Equityholder (other than ordinary course salary payments with respect to any
Equityholder that is an employee of the Company); 
 (xvi) the Company has not entered into any settlement, conciliation or similar
agreement, the performance of which will involve payment after the execution date of this Agreement of consideration in excess of $25,000 per annum; 

(xvii) the Company has not made any loan to, or entered into any other transaction with, any of its Affiliates, directors, officers, employees
or other service providers outside the ordinary course of business and inconsistent with past practice; 
 (xviii) the Company has not
(i) billed for any agreement that would have been billed after the Closing in the ordinary course of business or (ii) offered any customer a discount or other inducement in order to accelerate billings associated with new contracts and
business; 
 (xix) the Company has not changed or otherwise modified any material Tax election affecting it, adopted or changed any
accounting method, entered into any closing agreement related to material Taxes, amended any material Tax Return, settled any material Tax claim or assessment, or consented to any extension or waiver of the limitation period applicable to any Tax
claim or assessment; and 
 (xx) the Company has not committed to do any of the foregoing. 

  
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 (h) Absence of Undisclosed Liabilities. The Company does not have any material Liability
other than: (a) Liabilities reflected or reserved against on the face of the Latest Balance Sheet; (b) Liabilities that have arisen since the date of the Latest Balance Sheet in the ordinary course of business (none of which is a Liability
resulting from, arising out of, relating to, in the nature of, or caused by any breach of contract, breach of warranty, tort, infringement, violation of law, environmental matter, claim or lawsuit); (c) Liabilities under agreements described on
Schedule 5(n) or under agreements not required to be disclosed thereon (but not Liabilities for breaches thereof); (d) Liabilities set forth on Schedule 5(h); and (e) Liabilities incurred pursuant to this Agreement or any
other agreement, document, instrument or certificate entered into or executed in connection herewith. 
 (i) Legal Compliance. In the
last three (3) years, the Company has complied and is in compliance in all material respects with all applicable laws, rules and regulations applicable to the Company (including all laws related to the protection of personal information) and
has not received written notice (including via email) of non-compliance with any such law, rule, or regulation. The Company has complied and is in compliance with all orders, decrees or judgments promulgated or issued by any Governmental Authority.
The representations and warranties set forth in this Section 5(i) do not apply with respect to Taxes and any matters covered by the representations made in Section 5(s) (Employee Benefits). 

(j) Assets and Properties. The Company has good and marketable title, free and clear of all Liens (other than (i) Liens reflected
on the Latest Balance Sheet, which Liens will be discharged as of or prior to the Closing and (ii) Permitted Liens), to all of the properties and assets (A) reflected on the Latest Balance Sheet or (B) used in the conduct of the
Business as presently conducted, except for leased properties and leased or licensed assets that are so used or so necessary, which the Company leases or licenses under valid leases or licenses. The properties and assets of the Company are in
operable condition and repair in all material respects and are usable in the ordinary course of business. The tangible assets of the Company constitute all of the property and tangible assets used or held for use by the Company in the conduct of the
Business as presently conducted. 
 (k) Real Property. The Company does not own and has never owned any interest in any real property.
Schedule 5(k) sets forth the address of each real property leased, subleased or otherwise occupied by the Company, and a true and complete list of all leases (including all amendments, extensions, renewals, guaranties and other agreements
with respect thereto) for each such leased real property (“Leased Real Property”) (including the date and name of the parties to such lease document) (the “Leases”). The Company has made available to Parent a
correct and complete copy of each such Lease document. Except as set forth on Schedule 5(k), with respect to each of the Leases: (i) such Lease is legal, valid, binding, enforceable and in full force and effect; (ii) the
Company’s possession and quiet enjoyment of the leased real property under such Lease has not been disturbed, and there are no disputes with respect to such Lease; (iii) neither the Company nor, to the Knowledge of the Company, any other
party to the Leases is in breach or default under such Lease, and no event has occurred which, with the delivery of notice, the passage of time or both, would constitute such a breach or default, or permit the termination, modification or
acceleration of rent under such Lease; and (iv) the Company has not subleased, licensed or otherwise granted any Person the right to use or occupy such leased real property or any portion thereof. 

  
 -29- 

 (l) Tax Matters. Except as set forth on Schedule 5(1) attached hereto: 

(i) The Company has timely filed (taking into account extensions of time to file) all income and other material Tax Returns which are required
to be filed by it, and all such Tax Returns are complete and accurate in all material respects. 
 (ii) The Company has paid all Taxes due
(whether or not shown on any Tax Return). 
 (iii) No deficiency for any amount of Tax has been asserted or assessed in writing by a taxing
authority against the Company, nor has the Company received any written notice from a taxing authority indicating an intent to open an audit or assessment, or any written request from a taxing authority for information related to Tax matters. 

(iv) The Company is not currently the beneficiary of any extension of time within which to file any Tax Return. 

(v) No claim has been made in writing in the last five (5) years by any taxing authority in a jurisdiction where the Company does not
file Tax Returns that it is or may be subject to taxation by that jurisdiction. 
 (vi) The Company has not waived any statute of
limitations in respect of Taxes or consented to extend the time in which any Tax may be assessed or collected by any taxing authority, which waiver or consent is still in effect. 

(vii) The Company has withheld and paid over to the appropriate taxing authority all Taxes which it is required to withhold from amounts
distributed, paid or owing to any Equityholder, employee or other Person. 
 (viii) There are no, and since January 1, 2012 there have
not been, any Actions or audits or any written notices of inquiry regarding Taxes of the Company. 
 (ix) The Company does not have any
current or contingent contractual obligation to indemnify any other Person with respect to Taxes, and the Company is not a party to or bound by any Tax allocation or Tax sharing agreement with any Person, in each case other than pursuant to the
customary provisions of an agreement entered into in the ordinary course of business the primary purpose of which is not related to Taxes, such as leases, licenses or credit agreements. 

(x) The Company (A) has not been a member of an Affiliated Group (other than a group the common parent of which was GovDelivery Holdings,
Inc., GovDelivery, Inc. or Actua) or (B) does not have any liability for the Taxes of any Person (i) under Treas. Reg. Section 1.1502-6 (or any corresponding or similar provision of state, local or non-U.S. law) other than with
respect to a Person which is or was a member of an Affiliated Group the common parent of which was GovDelivery Holdings, Inc., GovDelivery, Inc. or Actua, or (ii) as a transferee or successor, by contract, or otherwise. 

  
 -30- 

 (xi) The Company will not be required to include any item of income in, or exclude any item of
deduction from, taxable income for any taxable period (or portion thereof) beginning after the Closing Date as a result of any (A) change in method of accounting for a taxable period ending on or prior to the Closing Date;
(B) “closing agreement” as described in Code Section 7121 (or any corresponding or similar provision of state, local or non-U.S. law) entered into on or prior to the Closing Date; (C) installment sale or open transaction
disposition made on or prior to the Closing Date; (D) deferred intercompany gain or any excess loss account described in Treasury Regulation under Code Section 1502 (or any corresponding or similar provision of state, local or non-U.S.
law) arising on or prior to the Closing Date; (E) prepaid amount received on or prior to the Closing Date; or (F) election under Code Section 108(i) (or any corresponding or similar provision of state, local or non-U.S. law) made on
or prior to the Closing Date. 
 (xii) There are no Liens for Taxes (other than Permitted Liens) upon the assets of the Company. 

(xiii) The Company has not received any private letter ruling from the Internal Revenue Service (or any comparable ruling from any other
taxing authority). 
 (xiv) The Company is a tax resident in its country of formation and has not had a permanent establishment (within the
meaning of an applicable Tax treaty or convention between its country of formation and any other country), or otherwise been subject to taxation in any country other than the country of its formation. 

(xv) The Company is not a party to any agreement, contract arrangement or plan that has resulted or would result, separately or in the
aggregate, in the payment of any “excess parachute payment” within the meaning of Code Section 280G (or any corresponding or similar provision of state, local or non-U.S. law) in connection with the Merger. 

(xvi) Each contract, arrangement or plan of the Company that is a “nonqualified deferred compensation plan” (subject to Code
Section 409A(d)(l)) has been maintained in all material respects in documentary and operational compliance with Code Section 409A and the applicable guidance issued thereunder in all material respects. 

(xvii) The Company does not have any contractual indemnity obligation for any Taxes imposed under Section 4999 or 409A of the Code. 

(xviii) Seller’s ownership of stock of the Company meets the requirements of Section 1504(a)(2) of the Code. 

(m) Intellectual Property. 

(i) Schedule 5(m)(i) contains a complete and accurate list of all Registered Intellectual Property owned by the Company. All Registered
Intellectual Property owned by the Company (other than pending applications) is subsisting, valid and enforceable. 

  
 -31- 

 (ii) Schedule 5(m)(ii) identifies all of the Company Products. The Company possesses all
source code and related documentation and materials, in each case, owned by the Company and necessary compile and operate the Company Products, and the Company has not disclosed, delivered, licensed or otherwise made available, other than to any
employees, consultants and contractors of the Company on a confidential basis, and does not have a duty or obligation (whether present, contingent, or otherwise) to disclose, deliver, license, or otherwise make available, any such source code for
any Company Products to any Person. 
 (iii) The Company exclusively owns and possesses all right, title and interest in and to, or has a
valid and enforceable written license to use, all Intellectual Property that is used by the Company in or necessary for the operation of the Business (collectively, the “Company Intellectual Property”) as of the date of the Latest
Balance Sheet and as of the Closing, free and clear of all Liens. The Company Intellectual Property shall be available for use by the Business immediately after the Closing Date on identical terms and conditions to those under which the Business and
the Company owned or used the Company Intellectual Property immediately prior to the Closing Date. 
 (iv) All Persons who have contributed
to the development or conception of any Intellectual Property owned or purported to be owned by the Company, or on behalf of the Company, or to those portions of Company Products owned by the Company have done so pursuant to a written, valid and
enforceable agreement that protects the confidential information of the Company and grants to the Company exclusive ownership of such development or conception. 

(v) The Company is not under any obligation, whether written or otherwise, to develop any Intellectual Property (including any elements of any
Company Products) for any third party (including any customer or end user) that would be owned by such third party. 
 (vi) The operation of
the Business, including the provision of services and content and the sale or licensing of Company Products does not infringe, dilute, misappropriate or otherwise violate the Intellectual Property of any third party, and within the five
(5) year period ending as of the date of this Agreement, the Company has not received any notices, requests for indemnification or threats from any third party, in each case in writing, related to the foregoing. The Company has not requested or
received any opinions of counsel related to the foregoing. 
 (vii) To the Knowledge of the Company, no third party is infringing,
misappropriating, diluting or otherwise violating the Company Intellectual Property owned by the Company. 
 (viii) Schedule
5(m)(viii) sets forth a list of all Open Source Software that has been used in, incorporated into, integrated or bundled with any Company Products, and for each such item of Open Source Software: (A) the applicable Company Product(s);
(B) the name and version number of the applicable Open Source Software license; and (C) whether such Open Source Software component is used “as is” or has been modified by the Company. 

  
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 (ix) The Company has not used and does not use any Open Source Software or any modification or
derivative thereof (A) in a manner that would grant or purport to grant to any Person any rights to or immunities under any of the Company Intellectual Property owned by the Company, or (B) under any license requiring the Company to
disclose or distribute the source code, owned by the Company, to any of the Company Products, to license or provide such source code to any of the Company Products for the purpose of making derivative works, or to make available for redistribution
to any Person such source code to any of the Company Products at no or minimal charge. 
 (x) The Company is in compliance in all material
respects with all obligations under any agreement to which the Company is party or bound, pursuant to which the Company has obtained the right to use any third party Software, including Open Source Software, and in particular the Company has
purchased a sufficient number of seat licenses for the Business Systems for its current use thereof, as of the date of this Agreement. 

(xi) The Company has taken steps reasonable under the circumstances to maintain and protect the secrecy, confidentiality and value of the
trade secrets and other confidential information of the Company, and the Company has not disclosed any confidential Company Intellectual Property to any third party other than pursuant to a written confidentiality agreement pursuant to which such
third party agrees to protect such confidential information. 
 (xii) There are no material defects, technical concerns or problems in any
of the Company Products that would prevent the same from performing in all material respects in accordance with their user specifications or functionality descriptions (collectively, “Technical Deficiencies”). 

(xiii) The Company owns, leases, licenses or otherwise has the legal right to use or have operated on its behalf, all Business Systems and
such Business Systems are sufficient for the needs of the Company’s Business as currently conducted. The Company maintains commercially reasonable security, disaster recovery and business continuity plans, procedures and facilities, and such
plans and procedures have been proven effective upon testing in all material respects, and, in the last twelve (12) months, there has not been any material failure with respect to any of the Business Systems owned by or under the control of the
Company that has not been remedied or replaced in all material respects. 
 (xiv) The Company has taken commercially reasonable actions to
protect the security and integrity of the Business Systems and the data stored or contained therein or transmitted thereby, including by implementing industry standard procedures designed to prevent unauthorized access and the introduction of any
virus, worm, Trojan horse or similar disabling code or program (“Malicious Code”), and the taking and storing of back-up copies of critical data. 

(xv) To the Knowledge of the Company, there is no Malicious Code in any of the Company Products or the Business Systems owned by or under the
control of the Company, and, as of the date of this Agreement, the Company has not received any written complaints from any customers related to any Malicious Code or Technical Deficiencies. 

  
 -33- 

 (xvi) The Company and the conduct of the Business are in compliance with, and have been in
compliance, in all material respects, with all Data Security Requirements. Within the five (5)-year period ending as of the date of this Agreement, no notices have been received by, and no Actions have been made against, the Company by any
Governmental Authority or other Person alleging a violation of any Data Security Requirements. There have not been any actual or alleged incidents of data security breaches or, unauthorized access or use of any of the Business Systems under the
control of the Company, or unauthorized acquisition, destruction, damage, disclosure, loss, corruption, alteration, or use of any Business Data. The transactions contemplated by this Agreement will not result in any liabilities in connection with
any Data Security Requirements. 
 (xvii) No Company Products or Intellectual Property owned or purported to be owned by the Company or its
Subsidiaries, is based upon, uses, or incorporates any Intellectual Property that was developed using funding provided by any Governmental Authority, nor does any Governmental Authority have any ownership interest in or right to restrict the sale,
licensing, distribution or transfer of any Company Products or Intellectual Property owned or purported to be owned by the Company or its Subsidiaries. 

(n) Contracts and Commitments. Except as set forth on Schedule 5(n) attached hereto, the Company is not a party to or bound by
any currently-effective contracts of the following types: 
 (i) employment agreement, consulting agreement or offer letter (other than
offer letters for at-will employment that do not deviate in any material respect from the offer letter templates provided to Parent and that do not provide for severance), as applicable, and each agreement providing for severance or loans to
officers, directors, employees or Affiliates, other than advances in the ordinary course of business; 
 (ii) guarantee of any Liability or
obligation of a third party; 
 (iii) agreement under which it is lessee of or holds or operates any personal property owned by any other
party, except for any lease of personal property under which the aggregate annual rental payments do not exceed $50,000; 
 (iv) agreement
under which it is a licensee of or is otherwise granted by a third party any rights to use any Intellectual Property (other than non-exclusive licenses of (or agreements to provide Software on a nonexclusive, hosted basis) commercially-available
Software used solely for the Company’s internal use with a total replacement cost of less than $50,000); 
 (v) agreement under which
it is a licensor or otherwise grants to a third party any rights to use any Intellectual Property (other than the Company’s Software licensed or provided on a hosted basis to customers on a non-exclusive basis in the ordinary course of
business); 
 (vi) (A) joint venture agreement, partnership agreement, or similar agreement, or (B) joint development or collaboration
agreement entered into other than in the ordinary course of business; 

  
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 (vii) agreement under which it is lessor of or permits any third party to hold or operate any
material personal property owned or controlled by it; 
 (viii) collective bargaining agreement or other agreement with any labor union or
labor organization; 
 (ix) settlement, conciliation or similar agreement entered into in the last three (3) years; 

(x) agreement pursuant to which the Company is granted a lease in, a sublease in, or the right to use or occupy any land or building; 

(xi) agreement or group of related agreements with the same party that (A) is not a contract between the Company and a customer of the
Company and (B) involves consideration in excess of $250,000 in any calendar year; 
 (xii) agreement prohibiting the Company or the
Business from competing with any third party in any line of business or any geographic area (including personnel non-solicitation provisions) or otherwise including provisions on joint price-fixing, market or customer sharing, exclusivity or market
classification; 
 (xiii) agreement providing for (A) marketing of the Company or any Company Product or (B) the distribution of,
or referrals of sales with respect to any Company Product, and in each case, involving the payment by the Company of consideration in excess of $100,000 in any calendar year; 

(xiv) agreement for the development of Intellectual Property for the benefit of the Company; 

(xv) agreement providing for co-location or software hosting, data hosting or infrastructure hosting services to the Company; 

(xvi) all agreements with the Significant Customers; or 

(xvii) (A) agreement containing an agreement by the Company to provide any Person with access to the source code (other than Open Source
Software) for any Company Products (other than source code escrow commitments entered into in the ordinary course of business for which the sole conditions that could trigger the release of such source code are either the bankruptcy or insolvency of
the Company or the Company’s failure to satisfy its subscription and support obligations for such Company Product), or (B) any contract between the Company and an escrow agent to provide for the source code for any Company Products to be
put in escrow. 
 Except as specifically disclosed on Schedule 5(n), the Company has performed in all material respects all obligations required to
be performed by it and is not in default under or in breach in any material respect of nor in receipt of any written claim of default or breach in any material respect under any agreement required to be referenced in Section 5(n), and no
event has occurred, which with the delivery of notice, the passage of time or both, would constitute such a 

  
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default or breach in any material respect or event of noncompliance under any such agreement. To the Knowledge of the Company, the other party to each agreement has performed in all material
respects all obligations required to be performed by it under such agreement. Each such agreement was awarded to and is held in the name of the Company and is legal, valid, binding and enforceable against the Company and, to the Knowledge of the
Company, against any other party to such contract, agreement or arrangement, subject to the Enforceability Exceptions. The Company has made available a correct and complete copy of each of the contracts which are referred to on Schedule 5(n),
together with all amendments, waivers or other changes thereto. 
 (o) Government Contracts. The Company has established and maintains
adequate internal controls for compliance with all Government Contracts, and all invoices submitted by the Company pursuant to any Government Contract were current, accurate and complete in all material respects upon submission. Except as set forth
in Schedule 5(o), the Company has not (i) been suspended or debarred from government contracts by any Governmental Authority; (ii) been audited or investigated by any Governmental Authority with respect to any Government Contract;
(iii) conducted or initiated any internal investigation or made a voluntary or mandatory disclosure to any Governmental Authority or other Person with respect to any alleged or potential irregularity, misstatement or omission arising under or
relating to a Government Contract; (iv) received from any Governmental Authority any notice of breach, cure, show cause or default with respect to any Government Contract; or (v) had any Government Contract terminated by any Governmental
Authority for default or failure to perform. 
 (p) Insurance. Schedule 5(p) attached hereto lists and briefly describes each
insurance policy currently maintained by the Company with respect to the Business. All premiums due and payable under each such policy have been paid, all of such policies are legal, valid, binding and enforceable and in full force and effect and
the Company is not nor has ever been in breach or default with respect to its obligations under such policies. There has been no threatened termination of, or premium increase with respect to, any such policies. There are no claims by the Company
pending under any such policies as to which coverage has been denied by the underwriters thereof. Since December 31, 2013, the Company has not had a claim which could reasonably be expected to cause a material increase in the rates of insurance
for the Business. Set forth on Schedule 5(p) are all insurance claims in excess of $100,000 made under such policies since December 31, 2013. 

(q) Litigation. Except as set forth on Schedule 5(q) attached hereto, there are no Actions pending or, to the Knowledge of the
Company, threatened in writing against or affecting the Company, or before or by any Governmental Authority. The Company is not subject to any outstanding injunction, fine, judgment, order, or decree of any Governmental Authority. Notwithstanding
the foregoing, the representations in this Section 5(q) shall not be applicable with respect to any Plan, as such is addressed in Section 5(s)(ii), or with respect to Taxes. 

  
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 (r) Employees. 

(i) To the Knowledge of the Company, except as set forth on Schedule 5(r)(i), no executive, key employee or group of employees of the
Company (A) intends, either on or prior to the Closing Date or within three (3) months after the Closing Date, to terminate his, her or their employment with the Company in connection with the transactions contemplated hereby (in each
case, other than a termination by such executive, key employee or group of employee directly as a result of the post-Closing employment terms offered by Parent or any of its Affiliates with respect to base salary, base wages and bonus and commission
opportunities (other than equity based arrangements) that are not, in the aggregate, at a minimum, substantially comparable to the base salary, base wages and bonus and commission opportunities (other than equity based arrangements in effect
immediately prior to Closing) or (B) is a party to any confidentiality, noncompetition, proprietary rights or other such agreement between such employee and any other Person besides the Company that would be material to the performance of such
employee’s employment duties, or the ability of the Company to conduct its business. 
 (ii) Except as set forth on Schedule
5(r)(ii), with respect to the Company: (A) there are no collective bargaining agreements, collective bargaining relationships, or any other similar agreements with any labor union or labor organization; (B) no labor organization or
group of employees has filed any representation petition or made any written or oral demand for recognition, nor has any such labor organization or group of employees filed such a petition or made such a demand in the last five (5) years;
(C) no union organizing or decertification activities are underway or threatened and no such activities have occurred within the past five (5) years, and no other question concerning representation exists; (D) there are no material
labor relations disputes (including any past, current or threatened strikes, work stoppages, slowdowns, lockouts, or other material labor disputes) and no such disputes have occurred in the past three (3) years; (E) there are no
workers’ compensation liabilities, experiences or matters arising outside of the ordinary course of business; (F) there are no unfair labor practice charges or complaints pending or, to the Knowledge of the Company, threatened against the
Company and no such charges or complaints have been filed against the Company in the past three (3) years; and (G) there are no material employment-related Actions or obligations of any kind, pending or, to the Knowledge of the Company,
threatened in any forum, relating to an alleged violation or breach by the Company (or their officers or directors) of any law, regulation or contract, and no such Actions have been filed or obligations arisen against the Company in the past three
(3) years. 
 (iii) There is no Liability to make any outstanding payment to any director, officer, employee or independent contractor,
or to any former director, officer, employee or independent contractor by way of damages or compensation for loss of office or employment or engagement, or for termination or unfair or wrongful dismissal or for other grounds, and other than by the
terms of an employment agreement between the Company and an employee of the Company, the Company does not have any obligation to employ or re-employ any person, including any former employee of the Company. The Company is not delinquent in the
payment of any wages, salaries, bonuses, commissions, wage premiums, or any other compensation that has become due and payable to its employees, independent contractors, or other service providers pursuant to any law, contract, or employment policy.

  
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 (iv) Except as set forth on Schedule 5(r)(iv), the consummation of the transactions
contemplated by this Agreement will not (A) entitle any employee of the Company to severance pay, unemployment compensation, bonus payment or any other payment, (B) except as provided under Section 1(h), accelerate the time of
payment for vesting of, or increase the amount of compensation due to, any such employee, or (C) entitle any such employee to terminate, shorten or otherwise change the terms of his or her employment. 

(v) The Company is in compliance, and for the past three (3) years has complied, in all material respects with all applicable laws
relating to the employment of labor, including provisions thereof relating to wages, hours, equal opportunity, affirmative action, nondiscrimination, harassment, retaliation, equal pay, workers compensation, collective bargaining, immigration,
vacation pay and accrual, and workplace safety. The Company has properly classified each person in all material respects who has performed services for the Company as an overtime exempt or non-exempt employee or as an independent contractor, and the
Company has no material liability or obligations under any applicable law arising out of the classification of any Person who provides or has provided services to the Company, including but not limited to wages, taxes, penalties, social security,
workers compensation, benefit plans or otherwise, as a result of any failure to properly classify any such Person. 
 (vi) The Company has
made available to the Parent on September 19, 2016 a complete and accurate list (titled “Contractor Census with respect to all independent contractors and “Employee Census” with respect to all other service providers) containing
the name of each current director, officer and employee of the Company and each Person who primarily performs services for the Business who is not employed by the Company, together with each such Person’s position or function, annual base
salary, any non-standard employee benefit, and any incentive or bonus arrangement with respect to such person. 
 (vii) The Company has no
outstanding liability under the WARN Act, with respect to employee layoffs implemented in the last three (3) years. Schedule 5(r)(vii) sets forth by date and location any employees terminated within the ninety (90) days preceding
the Closing. 
 (s) Employee Benefits. 

(i) Schedule 5(s)(i) contains an accurate and complete list of each Employee Benefit Plan maintained or contributed to or sponsored by
the Company or with respect to which Company has any Liability or potential Liability (individually referred to herein as a “Plan” and collectively, the “Plans”). No Plan is or ever was subject to Title IV of ERISA
or to the funding requirements of Section 412 of the Code or Section 302 of ERISA. The Company has no obligation to contribute to or any Liability or potential Liability (including actual or potential withdrawal Liability) with respect to
any “multiemployer pension plan” (as defined in Section 3(37) of ERISA), any defined benefit pension plan or any employee benefit plan subject to Title IV of ERISA or of the type described in Section 4063 or 4064 of ERISA or in
Section 413(c) of the Code. 
 (ii) With respect to each of the Plans, all required contributions, payments and accruals have been made
on a timely basis and in accordance with the terms of such Plans and applicable laws or, to the extent not yet due, properly accrued for on the books and records of the Company and there is no unfunded Liability related to Plans which is not taken
into account in determining Working Capital. No Action, claims, audits, or investigations with respect to the Plans (other than routine claims for benefits) are pending or, to the Knowledge of the Company, threatened. 

  
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 (iii) No Plan provides (or could require the Company to provide) post-employment medical,
dental, life or other welfare benefits other than (A) payment of accrued and unused vacation or paid time off upon termination of employment, (B) fully insured long-term disability benefits or (C) coverage mandated by
Section 4980B of the Code or other applicable state continuation coverage law for which the covered individual pays the full cost of coverage. 

(iv) Each Plan (and any predecessor plans that have been merged into such Plan) has been funded, administered and maintained, in form and
operation in compliance in all material respects with its terms and all applicable laws and regulations, including, but not limited to, ERISA and the Code. Each Plan that is intended to meet the requirements of a “qualified plan” under
Section 401(a) of the Code has received a favorable determination letter from the Internal Revenue Service to the effect that such Plan meets the requirements of Code Section 401(a), and, to the Knowledge of the Company, nothing has
occurred that could adversely affect the qualification of any Plan that is intended to qualify under Section 401 of the Code. 
 (v)
The Company has made available to Parent (A) a current, accurate and complete copy (or, to the extent no such copy exists, an accurate description of all material terms) of each Plan and any related trust agreement or other funding instrument;
(B) the most recent IRS determination letter, if applicable; (C) any summary plan description and other material written communication (or a description of any material oral communications) by the Company to its employees concerning the
benefits provided under the Plan; and (D) the most recent financial statements, trustee annual report and annual report (a Form 5500 annual report) (including attached schedules). 

(vi) Other than as disclosed in Schedule 5(r)(vii) or as set forth in Section 1(f) or Section 1(h) of this
Agreement, the consummation of the transactions contemplated by this Agreement will not accelerate the time of the payment, funding or vesting of, or increase the amount of, or result in the forfeiture of compensation or benefits under any Plan.

 (t) Customers, Suppliers and Resellers. 

(i) Schedule 5(t)(i)(A) attached hereto sets forth an accurate list of the thirty (30) largest customers (with a customer
including any direct or indirect contract signed between the Company and that customer, including parent level buying entities) of the Company based on the annual recurring subscription revenue of each such customer for the most recent fiscal year
and for the trailing seven (7)-month period ending on the Latest Balance Sheet Date (“Significant Customers”), along with the dollar amounts of annual recurring subscription revenue generated from each such Significant Customer for
such periods. Schedule 5(t)(i)(B) attached hereto contains an accurate list of the ten (10) largest vendors or service providers of the Company, as measured by the dollar amounts of purchases therefrom for the trailing seven (7)-month
period ending on the Latest Balance Sheet Date and for the most recent fiscal year and shows such measured amounts for such periods. Schedule 5(t)(i)(C) attached hereto sets forth an 

  
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accurate list of all of the resellers of the Company Products who have resold in excess of $100,000 of Company Products for the most recent fiscal year and for the annualized amount for trailing
seven (7)-month period ending on the Latest Balance Sheet Date (each, a “Significant Reseller”). 
 (ii) Except as set
forth on Schedule 5(t)(ii), (A) no Significant Customer or Significant Reseller has indicated in writing (including by email) that it shall (1) stop purchasing or reselling, as applicable, or decrease the volume of purchases or
resales, as applicable, of materials, products or services from the Company by more than $25,000 per year or (2) seek to (x) purchase or resell the products and services provided by the Company from any other supplier or vendor not
currently providing such products and services to such customer or through such reseller, as applicable, or (y) convert any exclusive or single-source purchasing or reselling arrangement or relationship between such customer or reseller, as
applicable, and the Company into a non-exclusive or multi-source arrangement or relationship, and (B) none of the vendors listed on Schedule 5(t)(i)(B) has indicated in writing that it shall stop, or significantly decrease the rate of,
supplying, materials, products or services to the Company, other than in accordance with material, product or service lifecycle changes and similar changes to its business that do not prejudicially affect the Company. 

(iii) Copies of the Company’s current forms of written agreements entered into between the Company and any of the customers of the
Company have been made available to Parent. Schedule 5(t)(iii) sets forth a list of each customer of the Company who has entered into an agreement containing terms that are materially different from those reflected in one of the standard form
agreements that have been made available to Parent. The Company has made available to Parent a copy of each of the Company’s written agreements (and in the case of binding oral agreements, a written summary of such agreement) with the
Significant Customers and the customers listed on Schedule 5(t)(iii). 
 (iv) A detailed backlog of the Company’s customer
engagements as of August 31, 2016 that are expected to require at least forty (40) hours of professional services (other than solely with respect to contractually recurring digital engagement services) complete is set forth on Schedule
5(t)(iv) (each such customer engagement, a “Backlog Customer Engagement”), reflecting for each Backlog Customer Engagement (A) the name of the customer, (B) the date of the contract between the customer and the
Company, (C) the anticipated start date for implementation of the customer engagement, (D) the total budgeted number of hours required to complete the customer engagement, (E) a description of such customer engagement as either
“new customer,” “expansion or upgrade” or “other” and (F) the annual contract value excluding setup and implementation fees of the customer in question. 

(v) Except as set forth on Schedule 5(t)(v) (each, a “Failed Implementation,” and, collectively, the “Failed
Implementations”), no customer engagement with such customer having an annual contract value of $30,000 or greater since January 1, 2014 has materially failed to be implemented on the contractual terms agreed to by the Company and such
customer, except where such has been remedied in all material respects. Schedule 5(t)(v) sets forth for each Failed Implementation, the (A) name of the customer, (B) the date of the applicable contract between such customer and the
Company, (C) the applicable anticipated start date, and (D) the date of such failure to implement, (E) the decrease in one-time or annual recurring contract value directly attributable thereto and (F) the annual contract value
for the first year of such contract (less any payments made for subscription fees and less any settlement amount attributable to subscription fees) if the implementation had been successful. 

  
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 (vi) The Company does not receive or hold, directly or indirectly (excluding for the avoidance
of doubt deferred revenue held by the Company in connection with contracts with Company customers), any funds on behalf of any Company customer. 

(u) Affiliate Interests. Except as set forth on Schedule 5(u) attached hereto, no officer, director, Equityholder or Affiliate of
the Company or any immediate family member of such an officer, director, Equityholder or Affiliate has any agreement with the Company or any ownership or financial interest in any property (real, personal or mixed, tangible or intangible) used in or
pertaining to the Business, except (i) employment relationships or relationships in a person’s capacity as a director or officer of the Company, (ii) the payment of compensation and benefits in the ordinary course of business or
(iii) any agreement related to the ownership of any Company Capital Stock, Options or Non-Participating Options. 
 (v) Governmental
Permits. Schedule 5(v) sets forth a list and brief description of each material permit, license, approval, certificate, registration, accreditation, and other authorization (collectively, “Permits”) obtained from any
Governmental Authority held by the Company. The Company has fulfilled and performed in all material respects its obligations under each such Permit and no event has occurred which, with the delivery of notice, the passage of time or both, would
constitute a material breach or default under any such Permit. There is no proceeding pending or threatened to revoke, modify or otherwise fail to renew any such Permit. 

(w) Product Warranty. Each Company Product and service provided by the Company has been provided in material conformity with all
applicable contractual commitments by which the Company is bound, and all express warranties by which the Company is bound, and the Company does not have any material Liability for replacement or repair thereof, other than Liabilities for which
reserves have been established as set forth in the Latest Balance Sheet and, if applicable, the notes thereto. 
 (x) Environmental
Matters. 
 (i) The Company is and has been in compliance in all material respects with all Environmental, Health and Safety Laws. The
Company has not received any written notice or report regarding any material violation of, or material Liability under, any Environmental, Health and Safety Laws. The Company (nor any Person whose Liability the Company has assumed, undertaken or
become subject to) has not treated, stored, manufactured, transported, handled, disposed, arranged for or permitted the disposal of, exposed any Person to, or released any toxic or hazardous substance, material or waste, or owned or operated any
facility or property that is or has been contaminated by any such substance, material or waste, so as to give rise to any material Liability pursuant to any Environmental, Health and Safety Law. The Company (nor any Person whose Liability the
Company has assumed, undertaken or become subject to) has no material Liability with respect to the presence of asbestos or other toxic or hazardous substances, materials or wastes in any product, item, property, building or other structure. 

  
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 (ii) The Company has made available to Parent all material environmental, health or safety
reports, audits, documents, or assessments in its possession or control relating to the Company or its facilities or operations. 
 (y)
Sanctions, Import and Export Controls. 
 (i) The Company is and since January 1, 2012, has been in compliance with:
(A) all applicable sanctions laws, including the U.S. economic sanctions laws administered by the U.S. Department of the Treasury, Office of Foreign Assets Control (“OFAC”); (B) all applicable export control laws,
including the Export Administration Regulations administered by the U.S. Department of Commerce (“Commerce”); and (C) the anti-boycott regulations administered by Commerce and the U.S. Department of the Treasury (collectively,
the “Customs & International Trade Laws”), related to the regulation of exports, re-exports, transfers, releases, shipments, transmissions, imports or similar transfer of goods, technology, software or services, or any
other transactions or business dealings, by or on behalf of the Company. Without limiting the foregoing, the Company has not submitted any disclosures nor received any notice that it is subject to any civil or criminal investigation, proceeding,
audit or any other inquiry, or has conducted any internal investigation concerning, or is aware of any allegation involving or otherwise relating to, any alleged or actual violation of the Customs & International Trade Laws. 

(ii) None of the Company nor any of its directors, officers, or employees, nor any agent, distributor, reseller or, to the Knowledge of the
Company, any other Person acting for, at the direction, or on behalf of any of them has been or is designated on, or is owned or controlled by any Person that has been or is designated on, any list of restricted parties maintained by any applicable
Governmental Authority, including OFAC’s Specially Designated Nationals and Blocked Persons List, Foreign Sanctions Evaders List, and Sectoral Sanctions Identifications List, and Commerce’s Denied Persons and Entity Lists. There is no
pending or, to the Knowledge of the Company, threatened Action pending against or investigation by a Governmental Authority of, the Company, nor is there any order imposed (or, to the Knowledge of the Company, threatened to be imposed) upon the
Company by or before any Governmental Authority, in each case, in connection with an alleged violation of any applicable export control laws, including applicable regulations of the U.S. Department of Commerce, the U.S. Department of State and OF
AC. 
 (iii) Schedule 5(y)(iii) sets forth a list of all of licenses, agreements or authorizations issued related to
Customs & International Trade Laws. 
 (z) Anti-Corruption. 

(i) Since January 1, 2013, the Company, and, while acting for or on its behalf, each of the Company’s officers, directors and
employees (the “Company Relevant Persons”) have not, and to the Knowledge of the Company, agents, distributors, or sub-distributors of the Company or other Persons, while acting for or on behalf of the Company (the “Other
Relevant Persons”) have not, directly or indirectly, violated any provision of the U.S. Foreign Corrupt Practices Act of 1977 (as amended), the UK Bribery Act 2010 or any other anti-corruption or anti-bribery law (collectively, the
“Anti-Corruption Laws”) to the extent applicable to the Company’s operations. 

  
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 (ii) The Company, the other Company Relevant Persons and, to the Knowledge of the Company, the
Other Relevant Persons have not, directly or indirectly made any offer, payment, promise to pay, gift, bribe, rebate, loan, payoff, kickback or any other transfer of value to any Person for the purpose of inducing such Person to do any act or make
any decision in an official capacity, including a decision to fail to perform an official function, or use his or her or its influence with a Governmental Authority in order to affect any act or decision of such Governmental Authority for the
purpose of assisting any Person to obtain or retain any business, or to facilitate efforts of any Person to transact business or for any other improper purpose (e.g., to obtain a tax rate lower than allowed by law) in each case in violation of
applicable Anti-Corruption Laws. 
 (iii) To the Knowledge of the Company, there is no current investigation, allegation, request for
information, or other inquiry by any Governmental Authority regarding the actual or possible violation of the Anti-Corruption Laws by the Company and since January 1, 2013, the Company has not received any written notice that there is any
investigation, allegation, request for information, or other inquiry by any Governmental Authority regarding an actual or possible violation of the Anti-Corruption Laws. 

Section 6. Representations and Warranties of Parent and Merger Sub. As a material inducement to the Company to enter into
and perform its obligations under this Agreement, as of the date hereof and as of the Closing (unless made as of a specific date), Parent and Merger Sub represent and warrant to the Company as follows: 

(a) Organization. Each of Parent and Merger Sub (i) is duly organized, validly existing and in good standing under the laws of the
jurisdiction of its organization, (ii) has all requisite power and authority to own its property and assets and to carry on its business as now conducted and as proposed to be conducted and (iii) is qualified to do business and is in good
standing in every jurisdiction where such qualification is required, except where the failure so to qualify or be in good standing would not reasonably be expected to result in a Material Adverse Effect on Parent or Merger Sub. 

(b) Authorization of the Transaction. Each of Parent and Merger Sub has full power and authority to execute and deliver this Agreement
and to perform each of their obligations hereunder. This Agreement constitutes the valid and legally-binding obligation of each of Parent and Merger Sub, enforceable in accordance with its terms and conditions. 

(c) Noncontravention. Neither the execution and the delivery of this Agreement and each other agreement, document, instrument or
certificate contemplated hereby to which Parent is a party, nor the consummation of the transactions contemplated hereby or thereby, shall (i) violate any law or other restriction to which Parent or Merger Sub is subject in any material
respect, (ii) violate any provision of its organizational documents or (iii) result in a breach or acceleration of, or create in any party the right to accelerate, terminate, modify, or require any notice under any agreement, or other
arrangement by which it is bound or to which any of its assets are subject, except, in the case of clause (iii), for such breaches, accelerations, 

  
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terminations or modifications as would not be, or reasonably be expected to be material to Parent or Merger Sub. Neither Parent nor Merger Sub is required to give any notice to, make any filing
with, or obtain any authorization, consent or approval of any Governmental Authority in order for the Parties to consummate the transactions contemplated by this Agreement, except for necessary filings under the HSR Act. There are no Actions pending
or threatened against or affecting Parent or Merger Sub at law or in equity, or before any Governmental Authority, which would adversely affect Parent’s or Merger Sub’s performance under this Agreement or the consummation of the
transactions contemplated by this Agreement. 
 (d) Brokers’ Fees. Neither Parent nor Merger Sub has an obligation to pay any
fees or commissions to any broker, finder or agent with respect to the transactions contemplated by this Agreement. 
 (e) Financing.
Concurrently with the execution of this Agreement, Parent has provided to the Company a true and complete copy of the executed equity commitment letter (the “Equity Financing Commitment”), by and between Parent and Vista Foundation
Fund III, L.P. (“Sponsor”), pursuant to which Sponsor has committed that Sponsor or certain of its Affiliates will provide equity financing in the amount set forth therein for the purpose of funding payment of the Initial Merger
Consideration and such other payment obligations of Parent set forth in Section 1 of this Agreement, subject to the terms and conditions set forth therein and in this Agreement (the “Equity Financing”). The Company and
the Equityholders’ Representative (on behalf of each of the Equityholders) are express third-party beneficiaries of the Equity Financing Commitment. The Equity Financing Commitment has not been amended or modified prior to the date of this
Agreement, and as of the date hereof (x) no such amendment or modification is contemplated and (y) the commitment contained in the Equity Financing Commitment has not been withdrawn, terminated or rescinded in any respect. As of the date
of this Agreement, there are no side letters or other agreements, contracts or arrangements related to the Equity Financing which expand conditions precedent, other than as set forth in the Equity Financing Commitment delivered to the Company prior
to the execution of this Agreement. As of the date hereof, the Equity Financing Commitment (i) is in full force and effect and (ii) is a legal, valid and binding obligation of Parent, enforceable against Parent in accordance with its
terms, subject to the Enforceability Exceptions, and there are no conditions precedent related to the funding of the full amount of the Equity Financing, other than as expressly set forth in this Agreement and in the Equity Financing Commitment. As
of the date hereof, no event has occurred which, with or without notice, lapse of time or both, would constitute a default or breach on the part of Parent or, to the knowledge of Parent, any other party thereto under the Equity Financing Commitment.
Assuming satisfaction of the conditions set forth in Section 2 of this Agreement and based upon facts and events known to Parent on the date hereof, Parent has no reason to believe, as of the date hereof, that any of the conditions to
the funding of the Equity Financing required to be satisfied by it will not be satisfied by the time it is required to consummate the Closing hereunder. Assuming satisfaction of the conditions set forth in Section 2 of this Agreement and
based upon facts and events known to Parent on the date hereof, the funds provided pursuant to the Equity Financing Commitment, if funded in accordance with the terms and conditions of the Equity Financing Commitment, will be sufficient for Parent
to have at the Closing funds sufficient to (A) pay the Initial Merger Consideration and such other payment obligations of Parent set forth in Section 1 of this Agreement, (B) pay any and all fees and expenses required to be
paid by Parent in connection with the transactions contemplated by 

  
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this Agreement and (C) satisfy all of the other payment obligations of Parent contemplated hereunder that are required to be satisfied in connection with the Closing. Concurrently with the
execution of this Agreement, Sponsor has duly executed and delivered to the Company the limited guarantee by Sponsor, dated as of the date of this Agreement, in favor of the Company (the “Limited Guarantee”). As of the date hereof,
the Limited Guarantee (1) is in full force and effect and (2) is a legal, valid and binding obligation of Sponsor, enforceable against Sponsor in accordance with its terms, subject to Enforceability Exceptions. As of the date hereof,
(x) there is no default under the Limited Guarantee by Sponsor and (y) no event has occurred that with the lapse of time or the giving of notice or both would constitute a default thereunder by Sponsor. 

(f) Merger Sub. Merger Sub is a direct, wholly owned Subsidiary of Parent formed for the purposes of engaging in the transactions
contemplated hereby, including effecting the Merger. There is no agreement outstanding pursuant to which any Person (other than Parent) has any existing or contingent right to acquire any stock of Merger Sub. Merger Sub has conducted no activities
other than those necessary or appropriate to effectuate the Merger and the transactions contemplated hereby. 
 Section 7.
Termination. 
 (a) Termination. This Agreement may be terminated and the Merger contemplated hereby may be abandoned,
notwithstanding any Written Consent, at any time prior to the Closing only as follows: 
 (i) by mutual written consent of each of the
Parties; 
 (ii) by either Parent, on the one hand, or the Company, on the other hand, in either case if there has been a breach of a
representation or warranty where such breach would result in the failure of any of the conditions set forth in Section 2(a) or Section 3(a), as applicable, or breach of a covenant by the Company (in the case of termination by
Parent) or by Parent or Merger Sub (in the case of termination by the Company) of such Party to be complied with or satisfied by it hereunder where such breach would result in the failure of any of the conditions set forth in
Section 2(b) or Section 3(b), as applicable (so long as the Party seeking to terminate this Agreement has provided written notice of such breach and such breach has continued without cure for twenty (20) days after the
notice of such breach has been delivered); 
 (iii) by either Parent, on the one hand, or the Company, on the other hand, in either case by
delivery of written notice of termination to the other Party prior to the Closing, if the transactions contemplated hereby have not been consummated by December 31, 2016 (the “Termination Date”); or 

(iv) by Parent providing written notice to the Equityholders’ Representative, if the Company does not deliver the Written Consent or the
Joinder Agreement, in each case executed by the Significant Equityholders, to Parent within 24 hours following the execution of this Agreement; 

provided, however, that no Party shall be entitled to terminate this Agreement pursuant to this Section 7(a) if (A) that
Party’s breach of this Agreement has prevented the consummation of the transactions contemplated hereby at or prior to such time or (B) that Party has failed to satisfy any condition set forth in Section 2 or
Section 3, as applicable, that such Party was required to satisfy prior to the Closing. 

  
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 (b) Effect of Termination. In the event of termination of this Agreement as provided in
Section 7(a) hereof, this Agreement will forthwith become void and there will be no liability or obligation hereunder on the part of either the Parent or the Company or any of their respective Affiliates, except for the provisions of
this Section 7, Section 9(b), Section 9(e), and Section 10 hereof (all of which will survive any such termination) and except as provided in the following sentence. If this Agreement is terminated
other than pursuant to Section 7(a), such termination will not affect any right or remedy which accrued hereunder or under applicable laws prior to or on account of such termination, and the provisions of this Agreement shall survive
such termination to the extent required so that each Party may enforce all rights and remedies available to such Party hereunder or under applicable laws in respect of such termination and so that any Party responsible for any breach or
nonperformance of its obligations hereunder prior to termination shall remain liable for the consequences thereof. 
 (c) Waiver of
Rights. Each Party shall be deemed to have waived its rights to terminate this Agreement upon consummation of the transactions contemplated hereby. No such waiver shall constitute a waiver of any other rights arising from the non-fulfillment of
any condition precedent set forth in Section 2 or Section 3 hereof or any misrepresentation or breach of any warranty, covenant or agreement contained herein unless such waiver is made in writing; any such written waiver
shall constitute a waiver only of the specific matters set forth therein. 
 Section 8. Indemnification. 

(a) Survival. All of the representations, warranties, covenants and agreements set forth in this Agreement or in any certificate or
other agreement or writing delivered in connection with this Agreement shall survive the Closing and the consummation of the transactions contemplated hereby (regardless of any investigation by or on behalf of the damaged Party or the acceptance of
any certificate) and shall continue in full force and effect as further set forth in this Section 8(a). Notwithstanding the foregoing or anything to the contrary contained herein, no Party shall be entitled to recover for any Loss (as
defined below) arising from or as a result of a breach of representations and warranties set forth in Sections 5 or 6, unless written notice thereof is delivered to the other Party or Parties, as applicable, on or prior to the
Applicable Limitation Date. For purposes of this Agreement, the term “Applicable Limitation Date” shall be the date that is twelve (12) months following the Closing Date; provided that the Applicable Limitation Date with
respect to the following Losses shall be: (i) with respect to any Loss arising from or as a result of a breach of the representations and warranties of the Company set forth in Sections 5(a) (Organization; Capitalization), 5(b)
(Authorization of the Transaction), 5(c)(i) and 5(c)(ii) (Noncontravention), 5(d) (Brokers’ Fees), 5(e) (Subsidiaries and Investments) and 5(u) (Affiliate Interests), the Applicable Limitation Date shall be
the third (3rd) anniversary of the Closing Date; (ii) with respect to any Loss arising from or as result of a breach of the representations and warranties of the Company set forth in
Sections 5(1) (Tax Matters), the Applicable Limitation Date shall be the date which is the earlier of (x) thirty (30) days following the expiration of the statute of limitations applicable to the particular Tax matters at issue and
(y) the seventh (7th) anniversary of the Closing Date and (iii) with respect to any Loss arising from or as a result of a breach of the representations and warranties of Parent set
forth in Sections 6(a)  

  
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(Organization), 6(b) (Authorization of the Transaction), 6(c)(ii) (Noncontravention) and 6(d) (Brokers’ Fees), the Applicable Limitation Date shall be the fifth (5th) anniversary of the Closing Date. The Applicable Limitation Date with respect to all covenants and agreements contained herein shall be the date that is ninety (90) days after the Closing
Date, except for those covenants and agreements which by their terms contemplate actions following the Closing, in which such case, the Applicable Limitation Date shall be the date that is ninety (90) days after the date on which such actions
were to be taken. Notwithstanding anything in this Section 8(a) to the contrary, in the event that (1) any breach of any representation or warranty by the Company constitutes fraud or willful misconduct, or (2) any breach of
any representation or warranty by Parent or Merger Sub constitutes fraud or willful misconduct, such representation or warranty shall survive the Closing and the consummation of the transactions contemplated hereby (regardless of any investigation
by or on behalf of the damaged party or the acceptance of any certificate) and shall continue in full force and effect without any time limitation with respect to such breach. 

(b) Indemnification. 
 (i)
From and after the Effective Time, each of the Equityholders (each, a “Responsible Person”), severally (and not jointly), pro rata based upon each such Responsible Person’s Pro Rata Share, shall indemnify and hold harmless
Parent and its officers, directors, shareholders, employees and Affiliates (including, after the Effective Time, the Surviving Corporation) (collectively, as the case may be, the “Parent Group”), against any loss, Liability,
deficiency, Tax, damage, fine, penalty or expense (excluding punitive and exemplary damages, unless, in each such case, such damages are incurred as a result of a third party claim, but including reasonable out-of-pocket legal expenses and costs,
including costs of investigation, and to the extent reasonably foreseeable, indirect and consequential damages) (each, a “Loss”), which they suffer, sustain or become subject to as the result of (A) the breach by the Company of
any representation, warranty, covenant or agreement contained in this Agreement or any certificate delivered by or on behalf of the Company at or prior to the Closing, (B) the breach by the Company of any covenant or agreement contained in this
Agreement or any certificate delivered by or on behalf of the Company at or prior to the Closing, (C) any Indebtedness of the Company and any Transaction Expenses, in each case that are not paid in full at the Closing or taken into account in
the calculation of the Merger Consideration, (D) actual or claimed inaccuracies in the Distribution Waterfall, (E) any claims by any current, past or putative holder of Company Capital Stock, in his, her or its capacity as such, including
as a result of or in connection with the Dissenting Shares, Dissenting Share Payments, the exercise of appraisal rights (net of any amount that would otherwise have been payable to the holder of Company Capital Stock exercising any appraisal
rights), or any distribution of Series AA Per Share Merger Consideration, Common Per Share Merger Consideration and/or Option Per Share Merger Consideration to the Equityholders pursuant to the Distribution Waterfall, (F) any claims by any
current, past or putative holder of Options in his or her capacity as such including as a result of or in connection with any distribution of Series AA Per Share Merger Consideration, Common Per Share Merger Consideration and/or Option Per Share
Merger Consideration pursuant to the Distribution Waterfall and including the determination of the vested and unvested status of any Options, (G) (1) any and all Taxes (or the non-payment thereof) of the Company or any of its Subsidiaries
for all taxable periods ending on or before the Closing Date and the portion through the end of the Closing Date for any taxable period that includes (but does not end on) the Closing 

  
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Date (“Pre-Closing Tax Period”), (2) any and all Taxes of any member of an Affiliated Group of which the Company or any of its Subsidiaries (or any of their predecessors) is
or was a member on or prior to the Closing Date pursuant to Treasury Regulation Section 1.1502-6 (or any analogous or similar state, local, or non-U.S. law), and (3) any and all Taxes with respect to a Pre-Closing Tax Period of any Person
(other than the Company or any of its Subsidiaries) imposed on the Company or any of its Subsidiaries as a transferee or successor, or by contract, which Taxes arose pursuant to an event or transaction occurring before the Closing, and (H) any
matter set forth on Schedule 8(b)(i)(H). 
 (ii) Parent shall indemnify and hold harmless the Equityholders against any Losses which
they suffer, sustain or become subject to as the result of a breach by Parent or Merger Sub of any representation, warranty, covenant or agreement contained in this Agreement or any certificate delivered by or on behalf of Parent at or prior to the
Closing (provided that this clause (ii) shall not derogate from Parent’s rights or recoveries pursuant to Section 8(b)(i) above). 

(iii) For purposes of Sections 8(b)(i)(A) and 8(b)(ii), in determining whether there has been a breach of any representation or
warranty, and in calculating the amount of any Loss with respect to any such breach, all qualifications in such representation or warranty referencing the terms “material,” “materiality,” “Material Adverse Effect,”
“in all material respects” and similar phrases shall be disregarded. 
 (iv) After the Closing, the Parent Group shall not be
entitled to recover under Section 8(b)(i)(A) for any Losses arising from or as a result of a breach of representations and warranties set forth in Section 5 (other than representations and warranties described in Sections
8(a)(i) and 8(a)(ii)) unless each individual Loss for such breach exceeds fifty thousand U.S. dollars ($50,000) (the “Minimum Threshold”) (it being understood and agreed that if a common or similar set of occurrences,
events or sets of facts results in Losses, such Losses shall be aggregated for purposes of determining if the Minimum Threshold has been satisfied). The Parent Group shall not be entitled to recover under Section 8(b)(i)(A) for any
Losses arising from or as a result of a breach of representations and warranties set forth in Section 5 (other than representations and warranties described in Sections 8(a)(i) and 8(a)(ii)) unless the aggregate Losses for
all such breaches above the Minimum Threshold exceeds One Million Five Hundred Thirty Thousand U.S. dollars ($1,530,000) (the “Basket”) (at which point the Parent Group shall be entitled to indemnification from and against all such
Losses in excess of the Basket, and not for any such Losses equal to or below the Basket) and the Parent Group shall not be entitled to recover under Section 8(b)(i)(A) (other than Losses arising from or as a result of a breach of
representations and warranties described in Section 8(a)(i) and 8(a)(ii)) for more than an amount equal to, in the aggregate, the Indemnity Escrow Amount (the “Cap”). None of the Minimum Threshold, the Basket or
the Cap shall apply to any such Loss arising from or as a result of (i) either an action or inaction that constitutes fraud or willful misconduct (and no such Losses shall count towards satisfaction of the Minimum Threshold, the Basket or the
Cap) or (ii) a breach of representations and warranties described in Section 8(a)(i) and 8(a)(ii); provided that the aggregate maximum liability of each Responsible Person for Losses pursuant to clauses (i) and
(ii) of this sentence shall not exceed the consideration actually received by such Responsible Person pursuant to this Agreement. 

  
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 (v) No limitation shall apply to the liability of any individual Responsible Person for any Loss
arising from or as a result of either an action or inaction that constitutes fraud or willful misconduct committed by such Responsible Person. Notwithstanding anything to the contrary contained in this Agreement, in no event shall any Responsible
Person be liable under this Agreement or in connection with the transactions contemplated hereby for amounts in excess the consideration actually received by such Responsible Person pursuant to this Agreement, except in the case of fraud or willful
misconduct committed by such Responsible Person. 
 (vi) Any Person making a claim for indemnification under this Section 8(b)
(an “Indemnified Party”) must give the indemnifying party (the “Indemnifying Party”) written notice of such claim describing such claim and the nature and amount, or anticipated amount, of the Loss, to the extent
that the nature and amount thereof are determinable at such time (a “Claim Notice”) promptly (but in any event no later than forty-five (45) days) after the Indemnified Party receives notice from a third party with respect to
any matter which may give rise to a claim for indemnification against the Indemnifying Party (a “Third Party Claim”) or otherwise discovers the liability, obligation or facts giving rise to such claim for indemnification;
provided that the failure to notify or delay in notifying the Indemnifying Party will not relieve the Indemnifying Party of its obligations under this Section 8(b), except to the extent such claim or the Indemnifying Party is
materially prejudiced as a result thereof. Within thirty (30) days after receipt of a Claim Notice with respect to a Third Party Claim, the Indemnifying Party may assume the defense of such matter; provided that (A) the Indemnifying
Party shall retain counsel reasonably acceptable to the Indemnified Party, (B) the Indemnified Party may participate in the defense of such claim, at its own expense, with co-counsel of its choice to the extent that the Indemnified Party
believes in its sole discretion that such matter shall affect its ongoing business and (C) the Indemnifying Party may not consent to the entry of any judgment with respect to the matter or enter into any settlement with respect to the matter
which does not include a provision whereby the plaintiff or claimant in the matter releases the Indemnified Party from all Liability and obligations with respect thereto. If, within such thirty (30) day period, the Indemnifying Party does not
assume the defense of such matter, the Indemnified Party may defend against the matter in any manner that it reasonably may deem appropriate and may consent to the entry of any judgment with respect to the matter or enter into any settlement with
respect to matter without the consent of the Indemnifying Party; provided, however, that if such consent is not obtained, such settlement shall not be dispositive of the amount of or existence of any indemnifiable Loss hereunder. The
Indemnified Party shall cooperate with the Indemnifying Party in all matters arising under this Section 8(b). 
 (vii) In the
event an Indemnified Party has a claim for indemnity under this Section 8 against the Indemnifying Party that does not involve a Third Party Claim (a “Direct Claim”), the Indemnified Party agrees to deliver to the
Indemnifying Party a Claim Notice within forty-five (45) days after the Indemnified Party becomes aware of such Direct Claim; provided that the failure to notify or delay in notifying the Indemnifying Party will not relieve the
Indemnifying Party of its obligations under this Section 8(b), except to the extent such claim is materially prejudiced as a result thereof. 

  
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 (viii) As of the Effective Time, Parent, the Escrow Agent and the Equityholders’
Representative shall execute and deliver the Escrow Agreement, and Parent shall deposit (A) the Working Capital Escrow Amount with the Escrow Agent to be held as a trust fund for the purpose of securing the purchase price obligations set forth
in Section 1(j) and (B) the Indemnity Escrow Amount with the Escrow Agent to be held as a trust for the purpose of securing the indemnification obligations set forth in this Section 8. The Escrow Fund shall be held by
the Escrow Agent under the Escrow Agreement pursuant to the terms thereof. The Escrow Fund shall be held as a trust fund and shall not be subject to any lien, attachment, trustee process or any other judicial process of any creditor of any party,
and shall be held and disbursed solely for the purposes and in accordance with the terms of the Escrow Agreement and the Pro Rata Shares set forth in the Distribution Waterfall. Interest earned on the Escrow Amount shall become part of the Escrow
Fund and shall be held in escrow and distributed in accordance with the Escrow Agreement. The termination of the Escrow Fund and the distribution of the remaining Escrow Amount shall be as set forth in the Escrow Agreement. 

(ix) From and after the Closing, any indemnification to which a member of the Parent Group is entitled under this Agreement, subject to the
applicable limitations set forth in Section 8(b)(iv), as a result of any Loss shall be first satisfied by recouping all of such Loss from the Indemnity Escrow Fund by such member of the Parent Group in accordance with the terms of the
Escrow Agreement until the Indemnity Escrow Amount is exhausted or released pursuant to the terms of the Escrow Agreement subject to the Applicable Limitation Dates and subject to the last sentence of this Section 8(b)(viii);
provided that all payments made to the Parent Group from the Indemnity Escrow Fund shall reduce each Responsible Person’s contribution to the Indemnity Escrow Fund pro rata based on such Responsible Person’s Pro Rata Share. If the
Indemnity Escrow Amount is not sufficient to pay the entire amount of any such claim, other than with respect to claims made under Section 8(b)(i)(A) for any Losses arising from or as a result of a breach of representations and
warranties set forth in Section 5 (other than representations and warranties described in Sections 8(a)(i) and 8(a)(ii)), such member of the Parent Group shall have all other rights and remedies available to it to recover
any remaining amount directly from the Responsible Persons in accordance with each such Responsible Person’s Pro Rata Share, subject to the limitations set forth in Section 8(b)(iv) and the Applicable Limitation Dates. 

(x) All indemnification payments made pursuant to this Section 8 will be deemed to be adjustments to the Merger Consideration
(including, for the avoidance of doubt, for Tax purposes). 
 (xi) For purposes of calculating the amount of Loss incurred by an Indemnified
Party for purposes of this Agreement, such amount shall be reduced by (A) the amount of any insurance proceeds actually paid to such Indemnified Party in respect of such Loss, net of any deductible amounts, any increase in premiums related
thereto and any costs associated with obtaining such insurance proceeds, (B) the amount of any net Tax benefit actually realized by such Indemnified Party in respect of such Loss in the taxable year of such Loss or the next succeeding taxable
year, as calculated on a with and without basis, and (C) the amount of any indemnification, contribution, and other similar payment proceeds actually recovered by such Indemnified Party in respect of such Loss, net of any costs associated with
obtaining such proceeds. 

  
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 (xii) Each of the Parties acknowledges and agrees that the indemnification provisions set forth
in this Section 8 shall be the exclusive remedy of the Parties with respect to any breaches of the representations, warranties, covenants, or agreements set forth in this Agreement, it being agreed that nothing herein shall limit or
impair any Party’s right to obtain specific performance or other injunctive relief with respect to any such breach of any such representation, warranty, covenant, or agreement. 

(xiii) Notwithstanding anything to the contrary herein, Losses for purposes of this Section 8 shall not include any amounts
actually taken into account in the final determination of Merger Consideration and in each case resulting in a corresponding decrease to the Merger Consideration (it being understood and agreed that the intent of this Section 8(b)(xiii)
is to avoid duplication or “double counting” of the same liability hereunder). 
 (xiv) Notwithstanding anything to the contrary
herein, no member of the Parent Group shall be entitled to indemnification or recovery for, and Losses shall not include, (A) except for any Losses for Taxes attributable to a breach of a representation or warranty contained in Sections
5(l)(ix), (x), (xi), (xv), (xvii) and (xviii), any Taxes of the Company or any of its Subsidiaries with respect to any taxable period or portion thereof beginning after the Closing Date, (B) any
limitation or diminution of or on any Tax attribute of the Company or any of its Subsidiaries, (C) any Taxes described on Schedule 8(b)(xiv)(C) or (D) any Taxes included in the calculation of the 336(e) Adjustment to the extent such
Taxes do not exceed the 336(e) Adjustment Cap. 
 Section 9. Additional Agreements. 

(a) Press Releases. The Parties agree that no press release or other public announcement (including in any trade journal or other
publication) of the transactions contemplated hereby shall be made (i) prior to the Closing without the prior written consent of each of the Parties or (ii) after the Closing without the prior written consent of Parent, except as provided
in the Representative Side Letter; provided, however, that notwithstanding anything to the contrary in this Section 9(a) or otherwise, the filing with the U.S. Securities and Exchange Commission and issuance, as applicable,
by Actua of (A) a Form 8-K in the form attached hereto as Exhibit L disclosing the terms of this Agreement and the transactions contemplated hereby (and attaching thereto a copy of this Agreement and a press release in form and substance
reasonably satisfactory to Parent) and (B) the Financial Statements (as defined in the Representative Side Letter) to the extent permitted under the Representative Side Letter shall, in each case, be expressly permitted by this
Section 9(a); provided, further, that such Form 8-K shall be filed on the earliest to occur of (1) prior to market open on the fourth (4th) Business Day following the date of this Agreement, (2) prior to
market open on September 26, 2016 and (3) at any such time following the date hereof that Actua and its counsel reasonably determines that such timing of such filing is necessary or advisable in order to comply with the disclosure
requirements of the U.S. Securities and Exchange Commission and/or any applicable stock exchange, and Actua shall notify Parent of any such determination as promptly as practicable as such determination is made. 

  
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 (b) Transaction Expenses. Each Party shall be solely responsible for and shall bear all of
its own costs and expenses incident to its obligations under and in respect of this Agreement and the transactions contemplated hereby; provided that the Equityholders shall be responsible for the Transaction Expenses. 

(c) Tax Matters. The following provisions shall govern the allocation of responsibility as between Parent and the Company, on the one
hand, and the Equityholders, on the other hand, for certain Tax matters following the Closing Date (it being understood that for purposes of this Section 9(c), the term “Company” shall be deemed to refer to and include the
Company and each of the Company’s Subsidiaries). 
 (i) Apportionment of Taxes. In the case of any taxable period that includes
(but does not end on) the Closing Date (a “Straddle Period”), the amount of any Taxes based on or measured by income, payroll or receipts of the Company for the Pre-Closing Tax Period shall be determined based on an interim closing
of the books as of the close of business on the Closing Date (and for such purpose, the taxable period of any partnership or other pass-through entity in which the Company holds a beneficial interest shall be deemed to terminate at such time), and
the amount of other Taxes of the Company for a Straddle Period which relate to the Pre-Closing Tax Period shall be deemed to be the amount of such Tax for the entire taxable period multiplied by a fraction the numerator of which is the number of
days in the taxable period ending on the Closing Date and the denominator of which is the number of days in such Straddle Period. 
 (ii)
Cooperation. Parent, the Company and the Equityholders’ Representative shall, and shall cause their Affiliates to, cooperate fully, as and to the extent reasonably requested by the other Parties, in connection with the preparation and
filing of Tax Returns and any audit, litigation or other proceeding with respect to Taxes. Such cooperation shall include the retention and (upon the other Party’s request) the provision of records and information which are reasonably relevant
to any such Tax Return, audit, litigation or other proceeding and making employees available on a mutually convenient basis to provide additional information and explanation of any material provided hereunder. 

(iii) Preparation of Tax Returns. 

(A) The Equityholders’ Representative shall prepare or cause to be prepared and file or cause to be filed all income Tax Returns of the
Affiliated Group which includes the Company and the common parent of which is Actua (the “Seller Tax Returns”). Such Seller Tax Returns shall be prepared in a manner consistent with past practice to the extent related to the
Company, except as otherwise required by applicable law. At least twenty (20) days prior to the due date of any Seller Tax Return (taking into account extensions), the Equityholders’ Representative shall provide a draft of the portions of
such Seller Tax Return related to the Company to Parent for the Parent’s review and comment. The Equityholders’ Representative shall take into consideration any changes to such Seller Tax Returns reasonably requested by Parent. 

(B) Parent shall prepare or cause to be prepared and file or cause to be filed all Tax Returns of the Company that are first due after the
Closing Date (taking into account any extensions) for any taxable period of the Company ending on or before the Closing Date and for any Straddle Period of the Company, other than Seller Tax Returns (the

  
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“Company Tax Returns”). Such Company Tax Returns shall be prepared in a manner consistent with the Company’s past practice except as otherwise required by applicable law;
provided, that, , any Company Tax Returns that are income Tax Returns shall be prepared in a manner consistent with Seller Tax Returns as provided by the Equityholders’ Representative pursuant to Section 9(c)(iii)(A), to the extent
such Seller Tax Returns are related to the Company. At least twenty (20) days prior to the due date of any Company Tax Return (taking into account extensions), Parent shall provide a draft of such Company Tax Return to the Equityholders’
Representative for the Equityholders’ Representative’s review and written approval (such approval not to be unreasonably withheld, conditioned or delayed). Parent shall, or shall cause the Company, to make all changes to such Company Tax
Returns reasonably requested by the Equityholders’ Representative. Any disputes as to such changes shall be submitted to the Independent Accounting Firm, the decision of which shall be final, binding and conclusive and the expenses of which
shall be shared equally between the Parent, on the one hand, and the Equityholders, on the other hand. If the Independent Accounting Firm is unable to make a determination with respect to any disputed item prior to the due date for the filing of
Company Tax Return in question, then (i) the Company may file such Company Tax Return in accordance with the Company’s reasonable position (“Reasonable Position Returns”) and (ii) if the Independent Accounting Firm
subsequently determines that such Company Tax Return should be amended, the Company shall file an amended Company Tax Return reflecting the Independent Accounting Firm’s determination. No member of Parent Group shall be entitled to
indemnification or recovery for, and Losses shall not include, (i) Taxes paid in connection with the filing of Reasonable Position Returns to the extent such Taxes are a disputed item subject to the Independent Accounting Firm’s review,
(ii) interest, penalties or other charges, fees or expenses arising out of or related to late payment or late filing of Company Tax Returns and (iii) Taxes paid in connection with filing Tax Returns that serve as requests for extension of
time to file (including IRS Form 7004 and comparable or analogous other Tax forms, “Extension Returns”). For the avoidance of doubt, the indemnification provided in Section 8(b)(G)(1) shall apply (subject to any
qualifications and limitations set forth in this Agreement) to disputed Taxes that were paid in connection with Reasonable Position Returns and Taxes paid in connection with Extension Returns as and when the amount of such Taxes are finally
determined (and only to the extent of such Taxes as finally determined) following the filing of the applicable Company Tax Return that includes such Taxes as finally determined pursuant to the procedures set forth in this
Section 9.3(c)(iii)(B) (i.e., after the filing of such Company Tax Return as mutually agreed upon by Parent and Equityholders’ Representative or after the filing of such Company Tax Return following determination of all disputes by
the Independent Accounting Firm). 
 (C) Without the Equityholders’ Representative’s prior written consent (such consent not to be
unreasonably withheld, conditioned or delayed), Parent will not, and will not cause the Company or any of their Affiliates to, take any of the following actions that could have an effect with respect to Taxes or Tax Returns in each case for any
Pre-Closing Tax Period, if such action could reasonably be expected to give rise to an indemnification claim against the Responsible Persons under this Agreement or otherwise result in amounts for which Responsible Persons could become liable or
responsible: (1) amend, file, re-file or otherwise modify any Tax Return of the Company or (2) except for the Section 336(e) Elections, make, revoke or modify any Tax election with respect to the Company, in each case, unless as a
condition or result of the judgment or settlement of a Tax Proceeding resolved in accordance with the procedures set forth in Section 9.3(c)(v) or made or done in accordance with VDA Procedures as set forth in
Section 9(c)(v). 

  
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 (iv) Closing Date Course of Business. For the portion of the Closing Date after the time
of Closing, Parent shall cause the Company to carry on its business only in the ordinary course in the same manner as previously conducted and shall not make or cause to be made or permit any extraordinary transaction that would result in Losses
with respect to Taxes for which indemnification pursuant to this Agreement would be required or for which the Equityholders would otherwise be responsible. 

(v) Tax Proceedings. Parent shall give reasonably prompt written notice to Equityholders’ Representative of any dispute or claim
or the commencement of any audit, suit, action or proceeding (excluding any VDA Procedure, which shall be addressed in paragraph (C) of this Section 9(c)(v)) related to Taxes with respect to the Company with respect to a Pre-Closing Tax
Period (in each case, a “Tax Proceeding”). 
 (A) The Equityholders’ Representative shall have the right to control
the defense of any Tax Proceeding to the extent related to Losses with respect to which the Responsible Persons could reasonably be expected to have to provide indemnification pursuant to this Agreement (a “Seller Proceeding”);
provided that (x) Parent shall have the right to participate in any such Seller Proceeding, (y) the Equityholders’ Representative shall keep the Parent reasonably informed of the status of such Tax Proceeding (including
providing Parent with copies of all written correspondence regarding such matter), and (z) to the extent that any Seller Proceeding (other than a Seller Proceeding related to income Taxes of the Affiliated Group which includes the Company and
the common parent of which is Actua) (1) is related to a taxable period (or portion thereof) beginning after the Closing Date or (2) could reasonably be expected to affect the Tax liability of the Parent or the Company in a taxable period
(or portion thereof) beginning after the Closing Date, Equityholders’ Representative shall not consent to the entry of any judgment or enter into any settlement without the consent of Parent, which consent shall not be unreasonably withheld,
conditioned or delayed. 
 (B) Parent shall control the defense of any Tax Proceeding other than a Seller Proceeding (a “Company
Proceeding”); provided that to the extent an indemnification claim against the Responsible Persons under this Agreement could reasonably be expected to result from any such Company Proceeding, (x) the Equityholders’
Representative shall have the right to participate in any such Company Proceeding, (y) Parent shall keep the Equityholders’ Representative reasonably informed of the status of such Company Proceeding (including providing
Equityholders’ Representative with copies of all written correspondence regarding such matter), and (z) neither Parent nor the Company shall consent to the entry of any judgment or enter into any settlement without the consent of the
Equityholders’ Representative, which consent shall not be unreasonably withheld, conditioned or delayed. 
 (C) Notwithstanding
anything to the contrary herein, each of Parent and the Company shall, subject to the provisions of this Section 9.3(c)(v)(C), have the right to (i) enter into and control “voluntary disclosure agreements” or other similar
programs with applicable taxing authorities for all Pre-Closing Tax Periods (such programs, “VDA Procedures”) with respect to income or sales and use Taxes and/or (ii) file a sales and use Tax

  
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Return with respect to any Pre-Closing Tax Period in a jurisdiction in which the Company had not previously filed sales and use Tax Returns in such Pre-Closing Tax Periods. Prior to Parent or the
Company initiating any contact with a taxing authority with respect to any VDA Procedures, or filing any such sales and use Tax Return for any Pre-Closing Tax Period, Parent shall notify the Equityholders’ Representative and obtain the
Equityholders’ Representative’s written consent (not to be unreasonably withheld, conditioned or delayed). Any dispute regarding the initiation of such contact or VDA Procedures or the filing of any such sales and use Tax Return shall be
submitted to the Independent Accounting Firm, and if the Independent Account Firm reaches a finding that it is “more likely than not” that an outstanding Tax liability exists with respect to the applicable Pre-Closing Tax Period in the
applicable jurisdictions where Parent intends to initiate contact or VDA Procedures or file any such sales and use Tax Return, then Parent or the Company shall be able to proceed with such VDA Procedures or the filing of such sales and use Tax
Returns (notwithstanding any lack of consent from the Equityholders’ Representative). The decision of the Independent Accounting Firm shall be final, binding and conclusive and the expenses of the Independent Accounting Firm be shared equally
between the Parent, on the one hand, and the Equityholders, on the other hand. With respect to any VDA Procedures initiated pursuant to this paragraph (C), the Equityholders’ Representative shall have the right to participate in any such
proceedings and to employ counsel at its own expense, and with respect to any such sales and use Tax Returns filed pursuant to this paragraph (C), Parent or the Company shall submit such Tax Return to the Equityholders’ Representative for its
review and comment at least twenty (20) days before filing such Tax Return. In connection with any VDA Procedure related to sales and use Taxes or filing of a sales and use Tax Return pursuant to this Section 9.3(c)(v)(C), Parent
and the Company shall use their commercially reasonable efforts to collect the applicable sales and use Taxes to mitigate the sales and use Taxes at issue to the greatest extent possible. In connection with any VDA Procedure related to income Taxes,
to the extent the result of the VDA Procedure includes the assessment of income Taxes arising out of or related to the Section 336(e) Election, no member of Parent Group shall be entitled to indemnification or recovery for, and Losses shall not
include, such income Taxes to the extent the total amount of Section 336(e) Adjustment paid pursuant to this Agreement is less than the 336(e) Adjustment Cap. 

(D) To the extent that the provisions of this Section 9(c)(v) overlap or contradict the provisions of
Section 8(b)(vi), the provisions of this Section 9(c)(v) shall govern. 
 (vi) Tax Refunds. Any refunds of
Taxes, including any interest received from a Governmental Authority thereon and net of any Taxes imposed thereon or reasonable expenses incurred with respect thereto, attributable to any Pre-Closing Tax Period of the Company shall be for the
account of the Equityholders, except to the extent such refund is attributable to a Tax attribute arising in a taxable period (or portion thereof) beginning after the Closing Date or was taken into account as a Current Asset in the determination of
Final Working Capital. Promptly upon the Company’s (or any of its Affiliates’) receipt of any such refund, Parent shall pay over, by wire transfer of immediately available funds, any such refund, including any interest received by an
applicable Governmental Authority thereon and net of any Taxes imposed thereon or reasonable expenses incurred with respect thereto, to the Paying Agent (for the benefit of the Stockholders) and the Company (for the benefit of the Optionholders), in
each case, to be distributed in accordance with the applicable Pro Rata Shares set forth in the 

  
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Distribution Waterfall. All such amounts for which a refund could be claimed shall be claimed as a cash refund rather than as a credit against future Tax liabilities. Upon the Equityholders’
Representative’s request and at the Equityholders’ expense, Parent shall take any reasonable action necessary for the Company to promptly claim refunds attributable to any Pre-Closing Tax Period and cause the Company to claim refunds
attributable to any Pre-Closing Tax Period within the statutorily required time period. Notwithstanding anything in this Agreement to the contrary, in the event that any such refund of Taxes is subsequently determined by any Governmental Authority
to be less than the amount paid to the Equityholders, the Equityholders shall promptly return any such disallowed amounts (plus any interest in respect of such disallowed refund owed to a Governmental Authority) to Parent. All Transaction Tax
Deductions shall be considered to arise in the Pre-Closing Tax Period to the extent permitted by applicable Tax law. All items of loss, deduction and credit of the Company attributable to a Pre-Closing Tax Period shall be used for income Tax
purposes first to offset items of income and gain attributable to such Pre-Closing Tax Period and thereafter shall be carried back to the extent permitted by applicable Tax law. 

(vii) Other Tax Matters. All Tax-sharing agreements or similar agreements (other than agreements entered into in the ordinary course of
business and not primarily related to Taxes) with respect to or involving the Company shall be terminated as of the Closing Date and, after the Closing Date, the Company shall not be bound thereby or have any liability thereunder. 

(viii) Section 336(e) Election. 

(A) Actua, Seller and the Company hereby agree to make timely elections under Code Section 336(e) (and any corresponding election under
state Tax law) with respect to the purchase and sale of the Company Capital Stock and with respect to the indirect purchase and sale of the equity interests of each of the Company’s U.S. Subsidiaries for income Tax purposes hereunder
(collectively, the “Section 336(e) Elections”). The first sentence of this paragraph (A) is intended by the Parties hereto to meet the requirements of Treasury Regulation Sections 1.336-2(h)(l)(i). Each of Seller, Actua, and
the Company shall take any and all actions necessary in order complete the Section 336(e) Elections in the manner described in Treasury Regulation Sections 1.336-2(h)(l) (and any corresponding requirements under applicable state Tax law). No
later than twenty (20) days prior to the applicable due date for timely filing, the Equityholders’ Representative shall deliver to Parent the election statement for each Section 336(e) Election described in Treasury Regulations
Section 1.336-2(h)(5) for Parent’s review, comment and approval (not to be unreasonably withheld, conditioned or delayed). Promptly following the consummation of the Section 336(e) Elections, the Equityholders’ Representative
shall provide evidence reasonably satisfactory to Parent that the Section 336(e) Elections have been properly executed and filed (including a copy of such election and any related schedules, forms or other documentation) to the extent the
Equityholders’ Representative is responsible for such filing. 
 (B) The Merger Consideration and other items properly includible in
the aggregate deemed asset disposition price (“ADADP”) of the Company pursuant to the Section 336(e) Election shall be allocated among the assets of the Company in accordance with Section 336(e) of the Code, the
regulations thereunder and the principles set forth in Exhibit I attached hereto (the “Allocation Methodology”). 

  
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 (C) Within sixty (60) days following the Closing Date, the Equityholders’
Representative shall provide Parent with (i) a statement setting forth an allocation of the ADADP among the assets of the Company in accordance with the Allocation Methodology for Tax Purposes (the “Purchase Price Allocation”)
and (ii) a statement setting forth a calculation of the 336(e) Adjustment as of the Closing Date prepared in good faith and in accordance with the Purchase Price Allocation (the “Closing Date 336(e) Adjustment”) (in each case,
to the extent components of the Merger Consideration have not yet been finally determined pursuant to Section 1(j), using such components as calculated for purposes of the Initial Merger Consideration). If, within fifteen (15) days
following the date of receipt of the Purchase Price Allocation and the Closing Date 336(e) Adjustment, Parent does not dispute the Equityholders’ Representative’s calculation of either, then the Purchase Price Allocation and Closing Date
336(e) Adjustment shall be final, binding and conclusive upon the Parties for purposes of Tax reporting and determining the payment contemplated in this Section 9(c)(viii)(C). If Parent disagrees with the Equityholders’
Representative’s calculation of either the Purchase Price Allocation or the Closing Date 336(e) Adjustment, then, within such fifteen (15) days, the Parent shall notify the Equityholders’ Representative of such disagreement in
writing. The parties shall negotiate in good faith for five (5) days to attempt to resolve such disagreement. Any disagreement unresolved at the end of this period shall be promptly submitted to the Independent Accounting Firm, whose resolution
shall be provided within fifteen (15) days of receipt of such submission, shall be final, binding and conclusive on the parties and the costs of which shall be split equally between Parent, on the one hand, and the Equityholders, on the other
hand. The Closing Date 336(e) Adjustment, as determined pursuant to this Section 9(c)(viii)(C) after all actions and procedures described herein have been completed, is hereinafter referred to as the “Final Closing Date 336(e)
Adjustment.” The Final Closing Date 336(e) Adjustment shall be paid by the Parent (as provided in Section 9(c)(ix)) to the Equityholders’ Representative for remittance to the appropriate Governmental Authorities (or shall be paid
directly by Parent or the Company to the appropriate Governmental Authorities, as applicable). Except as otherwise required by law, (1) none of the Parties will take a position on any Tax Return or in any Tax proceeding inconsistent with the
Purchase Price Allocation, and (2) the Parties shall file all Tax Returns and forms consistently with the Purchase Price Allocation; provided, however, the Parties acknowledge that the allocation may be different between ADADP and
“adjusted grossed up basis (AGUB)” as required by the regulations under Code Section 336(e). 
 (ix) Payment of Final
Closing Date 336(e) Adjustment. The Final Closing Date 336(e) Adjustment shall be paid by Parent to the Equityholders’ Representative for remittance to the appropriate Governmental Authorities (or shall be paid directly by Parent or the
Company to the appropriate Governmental Authorities, as applicable) promptly after the determination of such amount becomes final in accordance with Section 9(c)(viii)(C). For the avoidance of doubt, the Equityholders’
Representative shall not be entitled to any payment of the Final Closing Date 336(e) Adjustment pursuant to Section 9(c)(viii)(C) and this Section 9(c)(ix) for more than an amount equal to the 336(e) Adjustment Cap. 

  
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 (x) For purposes of this Agreement, “336(e) Adjustment” means the amount
determined in a manner consistent with the methodology and sample calculation included in Exhibit J equal to the sum of (1) the excess of the amount of Tax imposed as a result of the Merger by virtue of the Section 336(e) Elections
over the amount of Tax that would have been imposed in the absence of such elections, and (2) a “gross-up” amount to reflect additional Taxes imposed as a result of receiving the 336(e) Adjustment. For the avoidance of doubt, no
336(e) Adjustment will be paid to Equityholders other than Seller. 
 (xi) Notwithstanding Section 9(c)(viii)(C) and
Section 9(c)(ix), in the event the Final Closing Date 336(e) Adjustment as determined and paid pursuant to such Sections used components as calculated for purposes of the Initial Merger Consideration instead of components used for
calculation of the Merger Consideration as finally determined pursuant to Section 1(j), the parties shall re-determine the Final Closing Date 336(e) Adjustment using only components for calculation of the Merger Consideration as finally
determined pursuant to Section 1(j) as soon as practicable, but no later than twenty (20) days, after such components are finally determined. Any disagreement between the parties at the end of this period shall be promptly submitted
to the Independent Accounting Firm, whose resolution shall be provided within fifteen (15) days of receipt of such submission, shall be final, binding and conclusive on the parties and the costs of which shall be split equally between Parent,
on the one hand, and the Equityholders, on the other hand. The re-determined Final Closing Date 336(e) Adjustment pursuant to this Section 9(c)(xi) shall be called the “Re-determined Final Closing Date 336(e)
Adjustment.” In the event the Re-determined Final Closing Date 336(e) Adjustment is greater than the Final Closing Date 336(e) Adjustment, the difference shall be paid by Parent to the Equityholders’ Representative for remittance to
the appropriate Governmental Authorities (or shall be paid directly by Parent or the Company to the appropriate Governmental Authorities, as applicable); provided, that the Equityholders’ Representative shall not be entitled to any
payment of the sum of (x) the Final Closing Date 336(e) Adjustment plus (y) the difference between the Re-determined Final Closing Date 336(e) Adjustment and Final Closing Date 336(e) Adjustment, in excess of the 336(e) Adjustment Cap. In
the event the Re-determined Final Closing Date 336(e) Adjustment is less than the Final Closing Date 336(e) Adjustment, the portion of the difference between the two which had previously been paid by Parent to the Equityholders’ Representative
for remittance to the appropriate Governmental Authorities shall be paid by the Equityholders’ Representative to Parent. 
 (d)
[Intentionally Omitted.] 
 (e) Confidentiality. Whether or not the transactions contemplated hereby are consummated, the Parties
shall keep, and shall cause each of their respective Affiliates, employees, equityholders, advisors, agents and representatives to keep, confidential all information and materials regarding any other Party. If the transactions contemplated hereby
are not consummated, Parent and each of its Affiliates, employees, equityholders, advisors, agents and representatives shall maintain the confidentiality of all non-public, proprietary information obtained during its due diligence review of the
Company and destroy all documents received from the Company and all copies thereof containing any such information. Each Equityholder shall not, and shall not permit its Affiliates, employees, stockholders, advisors, agents and representatives to,
disclose the terms and provisions of this Agreement without the prior written consent of Parent. If the transactions contemplated by this Agreement are consummated, the Equityholders shall treat and hold as confidential any information concerning
the Business and/or the affairs of the Company and each of the Company’s Subsidiaries that is not already 

  
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generally available to the public (the “Confidential Information”) and refrain from using any of the Confidential Information except in connection with this Agreement, and
deliver promptly to Parent or destroy, at the request of Parent, all tangible embodiments (and all copies) of the Confidential Information which are in its possession or under its control; provided that the Equityholders may disclose the
Confidential Information to the extent necessary to complete federal, state or local personal income Tax Returns. This Agreement shall not be deemed to restrict the Parties or their respective Affiliates, employees, equityholders, advisors, agents
and representatives from complying with a lawfully issued governmental order or other legal requirement, including by reason of filings with securities regulators, to produce or disclose any documents or information subject to this
Section 9(e) (including as contemplated by Section 9(a)). 
 (f) Release. Effective upon the Closing, and
except as set forth in the final sentence of this Section 9(f), each Equityholder hereby unconditionally and irrevocably waives, releases and forever discharges the Surviving Corporation and each of its Subsidiaries and their respective
past and present directors, officers, employees, agents, predecessors, successors, assigns, equityholders, partners, insurers, and Affiliates (the “Released Parties”) from any and all Liabilities of any kind or nature whatsoever, in
each case whether absolute or contingent, liquidated or unliquidated, known or unknown, and such Equityholder shall not seek to recover any amounts in connection therewith or thereunder from such Released Parties. Such released Liabilities shall
include any right to recover against the Released Parties for any indemnification claims made against or paid by an Equityholder pursuant to Sections 8 or 9(c). Each Equityholder understands that this is a full and final release of all
claims, demands, causes of action and Liabilities of any nature whatsoever, whether or not known, suspected or claimed, that could have been asserted in any legal or equitable proceeding against the Released Parties, except as expressly set forth in
this Section 9(f). Each Equityholder represents that it is not aware of any claim by it other than the claims that are waived, released and forever discharged by this Section 9(f). Notwithstanding anything herein to the
contrary, nothing contained in this Section 9(f) shall operate to discharge, release or waive (i) the obligations, covenants and agreements of Parent or Merger Sub arising under this Agreement or any other agreement, document,
instrument or certificate entered into or executed in connection herewith, (ii) any indemnification coverage or protections under the D&O Tail Policy or under the provisions of the Company’s Charter and Bylaws, or (iii) any earned
but unpaid employment compensation or benefits owed to such Equityholder by the Company as of the date of this Agreement and the Closing in connection with services provided by such Equityholder to the Company as an employee. 

(g) Further Assurances. As a material obligation of each Party to consummate the transactions contemplated by this Agreement, from time
to time after the Closing, each Party shall at its own expense use commercially reasonable efforts to (i) cooperate with the other Party, (ii) perform any further act and (iii) execute and deliver such documents, instruments or
certificates as may be reasonably requested by the other Parties to this Agreement in order to effectuate any transaction, act or agreement contemplated by this Agreement. 

(h) Specific Performance. The Parties acknowledge that irreparable damage would occur in the event of a breach of this Agreement or any
other agreement, document, instrument or certificate contemplated hereby, by any such Person, money damages may be 

  
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inadequate and the non-breaching Party may have no adequate remedy at law. Accordingly, each of the Parties hereto agrees that the other Parties shall have the right, in addition to any other
rights and remedies existing in such Party’s favor, to enforce such Party’s rights and each other Party’s obligations hereunder not only by an action or actions for damages but also by an action or actions for specific performance,
injunctive and/or other equitable relief. If any such action is brought by a Party to enforce this Agreement or any other agreement, document, instrument or certificate contemplated hereby, each of the other Parties hereto hereby waives the defense
that there is an adequate remedy at law. 
 (i) Equityholders’ Representative. 

(i) Each Equityholder hereby authorizes, directs and appoints (and each other holder of Company Capital Stock pursuant to the terms of such
Stockholder’s Transmittal Letter and the Joinder Agreement and each other Optionholder pursuant to the terms of such Optionholder’s Option Cancellation Agreement shall authorize direct and appoint) Actua USA Corporation to act as sole and
exclusive agent, attorney-in-fact and representative of the Equityholders (the “Equityholders’ Representative”) and authorizes and directs the Equityholders’ Representative to (A) take any and all actions (including
executing and delivering any documents, incurring any costs and expenses on behalf of the Equityholders and making any and all determinations) which may be required or permitted by this Agreement to be taken by the Equityholders, (B) exercise
such other rights, power and authority, as are authorized, delegated and granted to the Equityholders’ Representative pursuant to this Agreement, the Escrow Agreement, the Paying Agent Agreement, any Transmittal Letter or any Option
Cancellation Agreement, and (C) exercise such rights, power and authority as are incidental to the foregoing. Notwithstanding the foregoing, the Equityholders’ Representative shall have no obligation to act on behalf of the Equityholders,
except as provided herein, in the Escrow Agreement, in the Paying Agent Agreement and the documents contemplated hereby and thereby. Any such actions taken, exercises of rights, power or authority, and any decision or determination made by the
Equityholders’ Representative consistent therewith, shall be absolutely and irrevocably binding on each Equityholder, and such Equityholder’s successors, as if such holder personally had taken such action, exercised such rights, power or
authority or made such decision or determination in such holder’s capacity and all defenses which may be available to any Equityholder to contest, negate or disaffirm the action of the Equityholders’ Representative taken in good faith
under this Agreement or the Escrow Agreement are waived. The powers, immunities and rights to indemnification granted to the Equityholders’ Representative Group (as defined below) hereunder (x) are coupled with an interest and shall be
irrevocable and survive the death, incompetence, bankruptcy or liquidation of any Equityholder and shall be binding on any successor thereto and (y) shall survive the delivery of an assignment by any Equityholder of the whole or any fraction of
his, her or its interest in the Escrow Fund. 
 (ii) Each Equityholder agrees that neither the Equityholders’ Representative nor its
members, managers, directors, officers, contractors, agents and employees (collectively, the “Equityholders’ Representative Group”), shall be liable for any actions taken or omitted to be taken under or in connection with this
Agreement, the Escrow Agreement, the Paying Agent Agreement or any Equityholders’ Representative engagement agreement, or the transactions contemplated hereby or thereby, except for such actions taken or omitted to be taken resulting from the
Equityholders’ Representative’s willful misconduct. Furthermore, each 

  
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Equityholder shall indemnify, defend and hold harmless, severally (and not jointly), pro rata based upon such Equityholder’s Pro Rata Share, from and against any and all losses, claims,
damages, liabilities, fees, costs, expenses (including reasonable attorneys’ fees and expenses of other skilled professionals and in connection with seeking recovery from insurers), judgments, fines or amounts paid in settlement (collectively,
“Representative Expenses”) paid or incurred by the Equityholders’ Representative in connection with the performance of its obligations as Equityholders’ Representative, including in the defense of any indemnification claim
brought against the Responsible Persons under Section 8. The payment of such expenses shall first be made by the Equityholders’ Representative out of the Reserve Account, second, from any distribution of the Indemnity Escrow Fund
otherwise distributable to the Equityholders at the time of distribution, and thereafter the Equityholders’ Representative shall have the right to demand payment with respect to such expenses from each Equityholder severally (and not jointly),
pro rata based upon each such Equityholder’s Pro Rata Share. 
 (iii) The Reserve Account shall be held by the Equityholders’
Representative as agent and for the benefit of the Equityholders in a segregated client account and shall be used (A) for the purposes of paying directly or reimbursing the Equityholders’ Representative for any Representative Expenses
incurred pursuant to this Agreement, the Escrow Agreement or any Equityholders’ Representative letter agreement, or (B) as otherwise determined by the Equityholders’ Representative Group. The Equityholders’ Representative is not
providing any investment supervision, recommendations or advice and shall have no responsibility or liability for any loss of principal of the Reserve Account other than as a result of its gross negligence or willful misconduct. The
Equityholders’ Representative is not acting as a withholding agent or in any similar capacity in connection with the Reserve Account, and has no tax reporting or income distribution obligations hereunder. The Equityholders’ Representative
shall release all amounts remaining in the Reserve Account to the Paying Agent (for further distribution to the Stockholders) and the Company (for further distribution to the Optionholders) for further distribution to the Equityholders, in each case
in accordance with the Distribution Waterfall, upon the later of the Release Date (as defined in the Escrow Agreement) or the resolution of all indemnification claims against the Responsible Persons still pending as of the Release Date. 

(iv) The Parties agree that Parent and Merger Sub and, following the Closing, the Surviving Corporation, shall be entitled to rely on any
action taken by the Equityholders’ Representative, on behalf of each of the Equityholders, pursuant to this Section 9(i) (each, an “Authorized Action”), and that each Authorized Action shall be binding on each
Equityholder as fully as if such Equityholder had taken such Authorized Action. The Equityholders agree to pay, based on their respective Pro Rata Shares, and to indemnify and hold harmless, based on their respective Pro Rata Shares, the Parent
Group from and against any Losses which they may suffer, sustain, or become subject to, as the result of any claim by any Person that an Authorized Action is not binding on, or enforceable against, any Equityholder. 

(v) The Equityholders’ Representative shall be entitled to: (A) rely upon the Distribution Waterfall, (B) rely upon any
signature believed by it to be genuine, and (C) reasonably assume that a signatory has proper authorization to sign on behalf of the applicable Equityholder or other party. The Equityholders’ Representative may resign at any time following
the Closing Date, and may be removed or replaced by the vote of the Equityholders 

  
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who, immediately prior to the Effective Time, held at least a majority of the outstanding shares of Company Capital Stock, in each case upon five (5) days’ prior written notice to
Parent. The immunities and rights to indemnification shall survive the resignation or removal of the Equityholders’ Representative and the Closing and/or any termination of this Agreement, the Escrow Agreement and the Paying Agent Agreement.

 (j) Termination of Certain Contracts. Each of the Equityholders hereby agrees that each contract, agreement, or arrangement (other
than this Agreement) between the Company, on the one hand, and such Equityholder on the other hand identified on Schedule 9(j) shall be terminated effective as of and conditioned on the Closing and such Equityholder, as applicable, shall
execute and deliver, or cause to be executed and delivered, any further documentation reasonably requested by Parent to give effect to or evidence the foregoing. 

(k) Transfer Taxes. All transfer, documentary, sales, use, stamp, registration, conveyance or similar Taxes or charges arising out of
the transactions contemplated hereby and all charges for or in connection with the recording of any document, instrument or certificate contemplated hereby shall be paid fifty percent (50%) by the Equityholders and fifty percent (50%) by
Parent if and when due. Parent will file all necessary Tax Returns and other documentation in connection with the Taxes and charges encompassed in this Section 9(k) and, if required by applicable law or to the extent reasonably
requested, each Party shall cooperate in the preparation and filing and join in the execution of any such Tax Returns and other documentation. 

Section 10. Miscellaneous. 

(a) No Third Party Beneficiaries; No Recourse. Except for (i) the rights of the Equityholders to receive the applicable portion of
the Merger Consideration, (ii) Section 4(g), which is for the benefit of the D&Os, and (iii) as otherwise expressly provided herein, the Agreement is not intended to and shall not confer upon any Person other than the
Parties hereto any rights or remedies hereunder. 
 (b) Entire Agreement. This Agreement (including the appendices, exhibits,
schedules and other documents referred to herein) constitutes the entire agreement among the Parties and supersedes any prior understandings, agreements or representations by or among the Parties, written or oral, that may have related in any way to
the subject matter hereof. 
 (c) Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the Parties
named herein and their respective successors and permitted assigns. No Party may assign either this Agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the other Parties; provided that
Parent may (i) assign any of its rights and interests hereunder to any affiliate of Parent or any successor to Parent, the Company or the Business that agrees to or is otherwise responsible for Parent’s obligations hereunder (whether by
express agreement, operation of law or otherwise), and (ii) assign its rights under this Agreement to any lender (or agent on behalf of such lenders) as collateral security for the obligations of Parent to such lenders. 

  
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 (d) Counterparts. This Agreement may be executed in multiple counterparts, each of which
shall be deemed an original but all of which together shall constitute one and the same instrument. Delivery of an executed counterpart of a signature page to this Agreement by telecopy or by electronic delivery in Adobe Portable Document Format or
other electronic format based on common standards will be effective as delivery of a manually executed counterpart of this Agreement 
 (e)
Headings. The section headings contained in this Agreement are inserted for convenience only and shall not affect in any way the meaning or interpretation of this Agreement. 

(f) Notices. All notices, requests, demands, claims, and other communications hereunder shall be in writing. Any notice, request,
demand, claim or other communication hereunder shall be deemed duly received when (i) delivered personally to the recipient, (ii) one (1) Business Day after it is faxed to the recipient (provided that it is followed by a hard copy),
(iii) one (1) Business Day after it is delivered to the recipient through other electronic means (including by electronic mail) (provided that receipt is confirmed promptly thereafter), or (iv) one (1) Business Day after it is
sent to the recipient by reputable express courier service (charges prepaid), and addressed to the intended recipient as set forth below; provided that with respect to notices delivered to the Equityholders’ Representative, such notices
shall be delivered solely via fax or email: 
 If to the Company prior to the Closing: 

GovDelivery Holdings, Inc. 
 408
St. Peter Street, Suite 600 
 St. Paul, MN 55102 

Telephone: (651) 726-7303 

Attention: Scott Burns (scott.burns@govdelivery.com) 

If to the Equityholders’ Representative: 

Actua USA Corporation 
 555
Lancaster Ave, Suite 640 
 Radnor, PA 19087 

Telephone: (610) 727-6874 

Attention: Suzanne L. Niemeyer (suzanne@actua.com) 

each, with a copy (which shall not constitute notice) to: 

Pepper Hamilton LLP 
 3000 Two
Logan Square 
 18th and Arch Streets 

Philadelphia, PA 19103 

Facsimile: (215) 981-4750 

Attention: Solomon Hunter, Jr. (hunters@pepperlaw.com) 

  
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 If to Parent or, following the Closing, the Company: 

Wildebeest Intermediate, LLC 
 c/o
Vista Equity Partners Management, LLC 
 Four Embarcadero Center, 20th Floor 

San Francisco, CA 94111 

Attention: David A. Breach (dbreach@vistaequitypartners.com) 

                 Patrick Severson
(pseverson@vistaequitypartners.com) 
 with a copy (which shall not constitute notice) to: 

Kirkland & Ellis LLP 

555 California Street, Suite 2700 

San Francisco, CA 94104 

Facsimile: (415) 439-1500 

Attention: David L. Dixon, P.C. (david.dixon@kirkland.com) 

Any Party may send any notice, request, demand, claim or other communication hereunder to the intended recipient at the address, facsimile number or
electronic mail address set forth above using any other means, but no such notice, request, demand, claim or other communication shall be deemed to have been duly given unless and until it actually is received by the intended recipient. Any Party
may change the address, facsimile number or electronic mail address to which notices, requests, demands, claims and other communications hereunder are to be delivered by giving the other Parties notice in the manner herein set forth. 

(g) Governing Law. This Agreement shall be governed by and construed in accordance with the domestic laws of the State of Delaware
without giving effect to any choice or conflict of law provision or rule that would cause the application of the laws of any jurisdiction other than the State of Delaware. 

(h) Consent to Jurisdiction; Waiver of Jury Trial. THE PARTIES AGREE THAT JURISDICTION AND VENUE IN ANY ACTION BROUGHT BY ANY PARTY
PURSUANT TO THIS AGREEMENT SHALL PROPERLY AND EXCLUSIVELY LIE IN ANY STATE OR FEDERAL COURT LOCATED IN WILMINGTON, DELAWARE. BY EXECUTION AND DELIVERY OF THIS AGREEMENT, EACH PARTY IRREVOCABLY SUBMITS TO THE JURISDICTION OF SUCH COURTS FOR ITSELF
AND IN RESPECT OF ITS PROPERTY WITH RESPECT TO SUCH ACTION. THE PARTIES IRREVOCABLY AGREE THAT VENUE WOULD BE PROPER IN SUCH COURT, AND HEREBY WAIVE ANY OBJECTION THAT SUCH COURT IS AN IMPROPER OR INCONVENIENT FORUM FOR THE RESOLUTION OF SUCH
ACTION. THE PARTIES FURTHER AGREE THAT THE MAILING BY CERTIFIED OR REGISTERED MAIL, RETURN RECEIPT REQUESTED, OF ANY PROCESS REQUIRED BY ANY SUCH COURT SHALL CONSTITUTE VALID AND LAWFUL SERVICE OF PROCESS AGAINST THEM, WITHOUT NECESSITY FOR SERVICE
BY ANY OTHER MEANS PROVIDED BY STATUTE OR RULE OF COURT. EACH PARTY HERETO HEREBY WAIVES ANY RIGHT TO TRIAL BY JURY WITH RESPECT TO ANY ACTION RELATED TO OR ARISING OUT OF THIS AGREEMENT, ANY OTHER TRANSACTION DOCUMENT OR ANY TRANSACTION
CONTEMPLATED HEREBY OR THEREBY. 

  
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 (i) Amendments and Waivers. No amendment of any provision of this Agreement shall be valid
unless the same shall be in writing and signed by each of the Parties hereto. All waivers of rights under this Agreement shall be in writing, and no waiver by any Party of any default, misrepresentation, or breach of warranty or covenant hereunder,
whether intentional or not, shall be deemed to extend to any prior or subsequent default, misrepresentation, or breach of warranty, covenant or agreement hereunder or affect in any way any rights arising by virtue of any prior or subsequent such
occurrence. 
 (j) Incorporation of Appendices, Exhibits and Schedules. The appendices, exhibits and schedules identified in this
Agreement (including the Disclosure Schedules delivered in connection herewith) are incorporated herein by reference and made a part hereof. 

(k) Cumulative Remedies. Subject to the provisions of Section 8(b)(xii), all rights and remedies of any Party are cumulative
of each other and of every other right or remedy such Party may otherwise have at law or in equity, and the exercise of one or more rights or remedies shall not prejudice or impair the concurrent or subsequent exercise of other rights or remedies.

 (l) Construction. 

(i) Each Party agrees that they have been represented by counsel during the negotiation and execution of this Agreement and, therefore, waive
the application of any law, regulation, holding or rule of construction providing that ambiguities in an agreement or other document will be construed against the party drafting such agreement or document. The Parties intend that each
representation, warranty and covenant contained herein shall have independent significance. If any Party has breached any representation, warranty or covenant contained herein (or is otherwise entitled to indemnification) in any respect, the fact
that there exists another representation, warranty or covenant (including any indemnification provision) relating to the same subject matter (regardless of the relative levels of specificity) which such Party has not breached (or is not otherwise
entitled to indemnification with respect thereto) shall not detract from or mitigate the fact that such Party is in breach of the first representation, warranty or covenant (or is otherwise entitled to indemnification pursuant to a different
provision). 
 (ii) Where specific language is used to clarify by example a general statement contained herein (such as by using the word
“including”), such specific language shall not be deemed to modify, limit or restrict in any manner the construction of the general statement to which it relates. The definitions contained in this Agreement are applicable to the singular
as well as the plural forms of such terms. Whenever required by the context, any pronoun used in this Agreement shall include the corresponding masculine, feminine or neuter forms, and the singular form of nouns, pronouns and verbs shall include the
plural and vice versa. The words “include” and “including,” and other words of similar import when used herein shall not be deemed to be terms of limitation but rather shall be deemed to be followed in each case by the words
“without limitation.” The word “if and other words of similar import when used herein 

  
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shall be deemed in each case to be followed by the phrase “and only if.” The words “herein,” “hereto,” and “hereby” and other words of similar import in
this Agreement shall be deemed in each case to refer to this Agreement as a whole and not to any particular Article, Section or other subdivision of this Agreement. Any reference herein to “dollars” or “$” shall mean United
States dollars. The term “or” shall be deemed to mean “and/or”. Any reference to any particular Code section or any other law will be interpreted to include any revision of or successor to that section regardless of how it is
numbered or classified and any reference herein to a Governmental Authority shall be deemed to include reference to any successor thereto. Any reference herein to “delivered”, “provided” or “made available” to Parent
means, with respect to any document or information, that the same has been made available to Parent with unrestricted access for a continuous period of at least one (1) Business Day prior to the date of this Agreement by means of the virtual
data room located at Intralinks (https://services.intralinks.com) under the title “Project Monument”. 
 (iii) The disclosure
schedules dated as of the date of this Agreement and delivered to Parent herewith (the “Disclosure Schedules”) are hereby incorporated by reference into the sections in which they are directly referenced; provided that the
disclosures and responses set forth in a particular section of the Disclosure Schedule shall also qualify other Sections or Subsections of Section 5 solely to the extent that it is reasonably apparent on its face from the text of an
exception or response that such exception or response is applicable to such other Section or Subsection. Without limiting the generality of the foregoing, the provision of monetary or other quantitative thresholds for disclosure on the Disclosure
Schedules does not and shall not be deemed to create or imply a standard of materiality hereunder. 
 (m) Severability of Provisions.
If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced as a result of any rule of law or public policy, all other terms and other provisions of this Agreement shall nevertheless remain in full force and
effect so long as the economic or legal substance of the transactions contemplated by this Agreement is not affected in any manner materially adverse to any Party. Upon such determination that any term or other provision is invalid, illegal or
incapable of being enforced, the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties as closely as possible in an acceptable manner to the end that the transactions contemplated by this
Agreement are fulfilled to the greatest extent possible. 
 (n) No Additional Representations. Parent acknowledges that (i) none
of the Company, nor any other Person on behalf of the Company has made any representation or warranty, expressed or implied, as to the Company, or the accuracy or completeness of any information regarding the Company furnished or made available to
Parent, the Merger Sub and their representatives, or any other matter related to the transactions contemplated herein, except as expressly set forth in this Agreement, (ii) Parent and the Merger Sub have not relied on any representation or
warranty from the Company or any other Person on behalf of the Company in determining to enter into this Agreement, except as expressly set forth in this Agreement and (iii) none of the Company or any other Person acting on behalf of the
Company shall have any liability to Parent or any other Person with respect to any projections, forecasts, estimates, plans or budgets of future revenue, expenses or expenditures, future results of operations, future cash flows or the future
financial condition of the Company or the future business, operations or affairs of the Company, except as expressly set forth in this Agreement; provided, however, that subject to the terms of Section 8, the foregoing
clauses (i), (ii) and (iii) shall not apply to any claim for fraud or willful misconduct. 

  
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 (o) Waiver of Conflicts; Privilege. 

(i) Each of the parties hereto acknowledges and agrees that Pepper Hamilton LLP (“Pepper Hamilton”) has acted as counsel to
the Company, the Equityholders’ Representative and each of the Equityholders in connection with the negotiation of this Agreement and consummation of the transactions contemplated hereby. Parent hereby agrees that Pepper Hamilton shall be
deemed to be acceptable counsel pursuant to Section 8(b)(vi)(A) hereof. 
 (ii) Parent hereby consents and agrees to, and agrees
to cause the Company to consent and agree to, Pepper Hamilton representing the Equityholders’ Representative and/or any of the Equityholders (collectively, the “Seller Parties”) after the Closing, including with respect to
disputes in which the interests of the Seller Parties may be directly adverse to Parent and its Affiliates (including Parent and the Company), so long as doing so will neither enable nor cause Pepper Hamilton to breach its duty of confidentiality to
the Company. 
 (iii) In connection with the foregoing, Parent hereby irrevocably waives and agrees not to assert, and agrees to cause the
Company to irrevocably waive and not to assert, any conflict of interest arising from or in connection with (A) Pepper Hamilton’s prior representation of the Company or (B) Pepper Hamilton’s representation of the Seller Parties
prior to and after the Closing. 
 (iv) Parent further agrees, on behalf of itself and, after the Closing, on behalf of the Company, that
all communications in any form or format whatsoever between or among any of Pepper Hamilton, the Company, any of the Seller Parties, or any of their respective directors, officers employees or other representatives that directly relate to the
negotiation, documentation and consummation of the transactions contemplated by this Agreement or any dispute arising under this Agreement (collectively, the “Deal Communications”) shall be deemed to be retained and owned
collectively by the Equityholders, shall be controlled by the Equityholders’ Representative on behalf of the Equityholders and shall not pass to or be claimed by Parent or the Company. All Deal Communications that are attorney-client privileged
(the “Privileged Deal Communications”) shall remain privileged after the Closing and the privilege and the expectation of client confidence relating thereto shall belong solely to the Equityholders’ Representative and the
Equityholders, shall be controlled by the Equityholders’ Representative on behalf of the Equityholders and shall not pass to or be claimed by Parent or the Company. 

(v) Notwithstanding the foregoing, in the event that a dispute arises between Parent or the Company on the one hand, and a third party other
than the Equityholders’ Representative or any Equityholders, on the other hand, Parent or the Company may assert the attorney-client privilege to prevent the disclosure of the Privileged Deal Communications to such third party; provided,
however, that none of Parent or the Company may waive such privilege without the prior written consent of the Equityholders’ Representative. In the event that Parent or the Company is legally required by governmental order or otherwise
to access or obtain a 

  
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copy of all or a portion of the Deal Communications, Parent (x) shall, to the extent legally permissible, reasonably promptly notify the Equityholders’ Representative in writing
(including by making specific reference to this Section 10(o)), (y) agrees that the Equityholders’ Representative can seek a protective order and (z) agrees to use, at the Equityholders’ Representative’s sole
cost and expense, commercially reasonable efforts to assist therewith. 
 (vi) To the extent that files or other materials maintained by
Pepper Hamilton constitute property of its clients, only the Equityholders’ Representative and the Equityholders shall hold such property rights and Pepper Hamilton shall have no duty to reveal or disclose any such files or other materials or
any Deal Communications by reason of any attorney-client relationship between Pepper Hamilton, on the one hand, and the Company, on the other hand. 

(vii) Parent agrees that it will not, and that it will cause the Company not to, (A) access or use the Deal Communications, including by
way of review of any electronic data, communications or other information, or by seeking to have the Equityholders’ Representative or any Equityholders waive the attorney-client or other privilege, or by otherwise asserting that Parent or the
Company has the right to waive the attorney-client or other privilege or (B) seek to obtain the Deal Communications from Pepper Hamilton. In furtherance of the foregoing, it shall not be a breach of any provision of this Agreement if prior to
the Closing the Company, the Equityholders’ Representative and/or any Equityholders, or any of their respective directors, officers employees or other representatives takes any action to protect from access or remove from the premises of the
Company (or any offsite back-up or other facilities) any Deal Communications, including by segregating, encrypting, copying, deleting, erasing, exporting or otherwise taking possession of any Deal Communications (any such action, a
“Permitted Removal”). In the event that, notwithstanding any good faith attempts by the Equityholders’ Representative or any Equityholders, or any of their respective directors, officers, employees or other representatives to
achieve a Permitted Removal of any Deal Communication, any copy, backup, image, or other form or version or electronic vestige of any portion of such Deal Communication remains accessible to or discoverable or retrievable by Parent (each, a
“Residual Communication”), Parent agrees that it will not, and that it will cause the Company and its respective directors, officers, employees or other representatives not to intentionally use or attempt to use any means to access,
retrieve, restore, recreate, unarchive or otherwise gain access to or view any Residual Communication for any purpose. 
 (viii) In the
event that Parent or the Company receives a subpoena or other discovery request pursuant to state or federal law that calls for the search for documents that may include Deal Communications, nothing herein shall preclude Parent or the Company from
complying with its legal obligations to do so. 
 * * * * 

  
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 IN WITNESS WHEREOF, the Parties have executed this Agreement and Plan of Merger as of the date
first above written. 
  

			
	WILDEBEEST INTERMEDIATE, LLC
		
	 By:
	 	 /s/ Patrick M. Severson

	 Name:
	 	 Patrick M. Severson

	 Title:
	 	 President

	
	WILDEBEEST-2 MERGER SUB, INC.
		
	 By:
	 	 /s/ Patrick M. Severson

	 Name:
	 	 Patrick M. Severson

	 Title:
	 	 President

 IN WITNESS WHEREOF, the Parties have executed this Agreement and Plan of Merger as of the date
first above written. 
  

			
	GOVDELIVERY HOLDINGS, INC.
		
	By:	 	 /s/ Scott Burns

	Name:	 	Scott Burns
	Title:	 	Chief Executive Officer
	
	Equityholders’ Representative:
	
	ACTUA USA CORPORATION, solely in its capacity as the Equityholders’ Representative
		
	By:	 	 /s/ Suzanne L. Niemeyer

	Name:	 	Suzanne L. Niemeyer
	Title:	 	General Counsel
	
	Seller:
	
	ACTUA HOLDINGS, INC., solely for purposes of Section 9(c)(viii)
		
	By:	 	 /s/ Suzanne L. Niemeyer

	Name:	 	Suzanne L. Niemeyer
	Title:	 	General Counsel

 APPENDIX A 

Certain Definitions 

“336(e) Adjustment Cap” means an amount equal to Six Million One Hundred Thousand U.S. dollars ($6,100,000). For the
avoidance of doubt, amounts described in Schedule 8(b)(xiv)(C) shall not apply against the 336(e) Adjustment Cap. 

“Acquisition Proposal” means any offer or proposal for, or indication of interest in, a merger, consolidation, stock
exchange, business combination, reorganization, recapitalization, liquidation, dissolution or other similar transaction involving the Company, any direct or indirect acquisition or purchase of all or a substantial portion of the assets of the
Company, taken as a whole, or all or substantial part of the Company Capital Stock, other than the transactions contemplated by this Agreement. 

“Actions” means any action, suits, claims, litigation (including arbitration proceedings), orders, charges, complaints,
grievances, or any governmental investigations, audits or inquiries. 
 “Affiliate” of any particular Person means any
other Person controlling, controlled by or under common control with such particular Person, where “control” means the possession, directly or indirectly, of the power to direct the management and policies of a Person whether through the
ownership of voting securities or otherwise. 
 “Affiliated Group” means an affiliated group as defined in
Section 1504 of the Code (or any analogous combined, consolidated or unitary group defined under state, local or non-U.S. Tax law) of which the Company is or has been a member. 

“Business” means the business of developing, providing, selling, licensing, or maintaining software and services including
cloud-based marketing, email notification, text message notification, interactive text message notification, online community forum, learning content, and related data analytics solutions for Governmental Authorities, public sector organizations and
school districts. 
 “Business Data” means all business information and all personally-identifying information and data
(whether of employees, contractors, consultants, customers, consumers, or other Persons and whether in electronic or any other form or medium) that is accessed, collected, used, processed, stored, shared, distributed, transferred, disclosed,
destroyed, or disposed of by any of the Business Systems. 
 “Business Day” a day other than a Saturday or Sunday or a day
on which banks in the State of New York are authorized or required by law to close. 
 “Business Systems” means all
Software (including Company Products), computer hardware (whether general or special purpose), electronic data processing, information, record keeping, communications, telecommunications, networks, interfaces, platforms, servers, peripherals, and
computer systems, including any outsourced systems and processes that are owned or used by or for the Company in the conduct of the Business. 

  
 Appendix A-1 

 “Cash and Cash Equivalents” means the consolidated cash and cash equivalents and
marketable securities (other than Restricted Cash) of the Company, determined in accordance with GAAP, in each case, as of the Closing Measurement Time (which for the avoidance of doubt, shall (i) include checks, wires and drafts received by
the Company but not yet cashed as of the Closing Measurement Time, (ii) be net of checks, wires and drafts issued by the Company but not yet cashed or deducted as of the Closing Measurement Time and (iii) include the aggregate amount of
exercise price attributable to all In-the-Money Options and the aggregate Equity Loan Amount, but otherwise exclude the effects of the transactions contemplated by this Agreement to occur at the Closing). 

“Closing Common Per Share Merger Consideration” means, with respect to each share of Common Stock (and as set forth in the
Distribution Waterfall), (i) the quotient obtained by dividing (A) the difference obtained by subtracting (x) the aggregate Series AA Preference payable in respect of all shares of Series AA Preferred Stock in the Merger from
(y) the Initial Merger Consideration by (B) the aggregate number of Fully-Diluted Shares held by all Equityholders, less (ii) the Equity Loan Amount, if any, underlying such share. 

“Closing Indebtedness” means the Indebtedness of the Company as of the Closing. 

“Closing Measurement Time” means 11:59 p.m. Eastern Time on the date immediately prior to the Closing Date. 

“Closing Option Per Share Merger Consideration” means, with respect to each In-the-Money Option (and as set forth in the
Distribution Waterfall), (i) the amount of the Closing Common Per Share Merger Consideration payable with respect to each share of Common Stock underlying such In-the-Money-Option in the Merger, minus (ii) the exercise price
applicable to such In-the-Money-Option. 
 “Closing Series AA Per Share Merger Consideration” means, with respect to each
share of Series AA Preferred Stock (and as set forth in the Distribution Waterfall), (i) (A) the Series AA Preference payable in respect of such share of Series AA Preferred Stock in the Merger, plus (B) the quotient obtained
by dividing (1) the difference obtained by subtracting (x) the aggregate Series AA Preference payable in respect of all shares of Series AA Preferred Stock in the Merger from (y) the Initial Merger Consideration by (2) the
aggregate number of Fully-Diluted Shares held by all Equityholders, less (ii) the Equity Loan Amount, if any, underlying such share. 

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

“Common Per Share Merger Consideration” means, with respect to each share of Common Stock, (i) the Closing Common Per
Share Consideration payable in respect of such share of Common Stock in the Merger, plus (ii) the Pro Rata Share of the Escrow Amount, Reserve Account and Merger Consideration Adjustment Amount attributable to such share of Common Stock.

 “Company Products” means all Software and other products made available by Company to its customers, and from which the
Company has derived within the three (3) years preceding the date hereof or is currently deriving, revenue from the sale, license, subscription, support or provision thereof. 

  
 Appendix A-2 

 “Current Assets” means the sum of the Company’s accounts receivable, net of
the allowance for doubtful accounts, unbilled receivables, prepaid expenses and all other current assets, determined in accordance with GAAP as of the Closing Measurement Time. For the avoidance of doubt, “Current Assets” does not include
any Cash and Cash Equivalents, the portion of deferred rent classified as current asset, current employee loans, current or deferred income Tax assets or income Tax receivables. 

“Current Liabilities” means the sum of the Company’s accounts payable and accrued expenses, vacation accruals, accrued
compensation and payroll taxes payable, short-term deferred revenues and all other current liabilities, determined in accordance with GAAP as of the Closing Measurement Time. For avoidance of doubt, “Current Liabilities” does not include
current or deferred income Tax liabilities, income Tax payables, accrued restructuring liabilities, accrued interest, capital lease obligations, severance liabilities, deferred rent and employee bonus liabilities or other Indebtedness (except as
otherwise set forth in the foregoing sentence); provided, however, that any item included in “Current Liabilities” and actually reducing the Merger Consideration as a result thereof shall not be included in
“Indebtedness” or “Transaction Expenses,” and any item included in “Indebtedness” or “Transaction Expenses” and actually reducing the Merger Consideration as a result thereof shall not be included in
“Current Liabilities.” 
 “Data Security Requirements” means, collectively, all of the following to the extent
relating to Data Treatment or otherwise relating to privacy, security, or security breach notification requirements and applicable to the Company, to the conduct of the Business, or to any of the Business Systems or any Business Data: (i) the
Company’s own rules, policies, and procedures; (ii) all laws; and (iii) contracts into which the Company has entered or by which they are otherwise bound. 

“Data Treatment” means the access, collection, use, import, export, processing, storage, sharing, distribution, transfer,
disclosure, security, destruction, or disposal of any Business Data, sensitive, or confidential information or data (whether in electronic or any other form or medium). 

“Distribution Waterfall” shall mean a schedule, substantially in the form attached hereto as Exhibit M, prepared in
good faith by the Company and delivered to Parent at least two (2) Business Days prior to the Closing, which schedule shall set forth, at a minimum, (i) a list containing the name of each Equityholder and the number of shares of Series AA
Preferred Stock, Common Stock and/or In-the-Money Options held by such Equityholder, (ii) with respect to the shares of Series AA Preferred Stock, the Closing Series AA Per Share Merger Consideration and Pro Rata Share of the Escrow Amount,
Reserve Account and Merger Consideration Adjustment Amount attributable to such shares, (iii) with respect to the shares of Common Stock, the Closing Common Per Share Merger Consideration and Pro Rata Share of the Escrow Amount, Reserve Account
and Merger Consideration Adjustment Amount attributable to such shares and (iv) with respect to the In-the-Money Options, the exercise price, Closing Option Per Share Merger Consideration and Pro Rata Share of the Escrow Amount, Reserve Account
and Merger Consideration Adjustment Amount attributable to such Options. 

  
 Appendix A-3 

 “Downward Closing Working Capital Adjustment” means the amount, if any, by which
the Target Working Capital exceeds the Estimated Working Capital; provided that, if such amount is equal to or less than one hundred twenty five thousand U.S. dollars ($125,000), such amount shall be deemed to be zero U.S. dollars ($0.00). 

“Employee Benefit Plan” of any Person means any “employee pension benefit plan” or “employee welfare benefit
plan” (as such terms are defined in Sections 3(2) and 3(1) of ERISA, respectively), each employment or consulting agreement or offer letter, each bonus, incentive, deferred compensation, retention, change in control, pension, retirement,
welfare, life assurance, illness benefit, post-employment welfare, profit-sharing, severance, stock purchase, stock option or equity incentive, warrant or other material benefit plan, policy, agreement, arrangement or program, whether or not subject
to ERISA and whether or not funded. 
 “Environmental, Health and Safety Laws” means all laws and other requirements having
the force or effect of law relating to or imposing Liability or standards of conduct concerning pollution or protection of the environment, public health and safety, or employee health and safety, and all judgments, orders and decrees of any
Governmental Authority having the force and effect of law issued or promulgated thereunder, and all related common law theories (including the Comprehensive Environmental Response, Compensation and Liability Act of 1980, the Resource Conservation
and Recovery Act of 1976, the Occupational Safety and Health Act of 1970, each as amended). 
 “Equity Loan Amount” means
the aggregate principal amount and accrued interest, as of the Closing, on those certain loans from the Company to certain holders of Company Capital Stock, as described on Schedule A. The Equity Loan Amount attributable to any share of
Common Stock or Series AA Preferred Stock means the quotient obtained by dividing (x) the aggregate Equity Loan Amount owing from the applicable Stockholder to the Company by (y) the total number of shares of Common Stock or Series AA
Preferred Stock securing such Equity Loan Amount. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as
amended. 
 “Escrow Agent” means Citibank, N.A. 

“Escrow Amount” means an amount equal to the Indemnity Escrow Amount plus the Working Capital Escrow Amount. 

“Excluded Shares” means (i) shares of Company Capital Stock held in the treasury of the Company and (ii) shares of
Company Capital Stock held by Parent, Merger Sub or any other Affiliate of Parent. 
 “Fully-Diluted Shares” means
(i) the total number of shares of Common Stock issued and outstanding immediately prior to the Effective Time, plus (ii) the total number of shares of Common Stock issuable upon the conversion of all of the shares of Series AA
Preferred Stock issued and outstanding immediately prior to the Effective Time, plus (iii) the total number of shares of Common Stock issuable upon the exercise of all of the In-the-Money-Options outstanding immediately prior to the
Effective Time. 

  
 Appendix A-4 

 “GAAP” means generally accepted accounting principles in the United States,
consistently applied in accordance with the past practices of the Company on a basis consistent with the latest audited Financial Statements, but only to the extent such past practices are in accordance with GAAP in the United States as promulgated
by all relevant accounting authorities, as in effect as of the date hereof. 
 “Governmental Authority” means a federal,
state or local or foreign government or quasi-governmental entity or other political subdivision thereof or any court, administrative or regulatory agency, department, board, bureau or commission or other governmental authority or agency, domestic
or foreign, as well as any arbitrator or arbitral body or body exercising, or entitled to exercise, any administrative, executive, judicial, adjudicative, legislative, police, regulatory or taxing authority or power of any nature. 

“Government Contract” means any contract that is (i) between the Company or its Subsidiary and a Governmental Authority
or (ii) is entered into by the Company or its Subsidiary as a subcontractor (at any tier) to provide supplies or services in connection with a contract between another Person and a Governmental Authority. 

“HSR Act” means the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. 

“In-the-Money Option” means any Option that is vested as of the Effective Time (including as contemplated by
Section 1(h)(ii)) and has an exercise price that is less than the Option Per Share Merger Consideration attributable to such Option. 

“Indebtedness” means, with respect to any Person at any time, without duplication: (i) all obligations of such Person
for borrowed money or in respect of loans or advances; (ii) all obligations of such Person evidenced by bonds, notes or other similar instruments (including any seller notes, deferred purchase price obligations, conditional sale obligations,
earnout obligations or similar obligations, in each case, issued or entered into in connection with any acquisition undertaken by such Person); (iii) all obligations in respect of letters of credit, to the extent drawn, and bankers’
acceptances issued for the account of such Person; (iv) all obligations and liabilities of such Person under leases required under GAAP to be capitalized and NetApp’s Installment Payment Agreement, dated December 23, 2015;
(v) all interest rate protection agreements of such Person (valued on a market quotation basis), if any; (vi) all obligations of such Person secured by a contractual lien; (vii) any off-balance sheet financing of a Person (but
excluding operating leases); (viii) any Liability of a Person under any deferred compensation plans or arrangements; (ix) any accrued restructuring liability; (x) in connection with the deferred rent balance, an amount equal to six
hundred seventy five thousand U.S. dollars ($675,000); (xi) any outstanding lease payments for unused leased real property (other than those subject to the indemnity set forth in Section 8(b)(i)(H)); (xii) any long term
deferred revenue with respect to any customer arrangements; (xiii) accrued interest and prepayment premiums or penalties relating to any amount prepaid at or in connection with the 

  
 Appendix A-5 

 
Closing related to any of the foregoing; (xiv) an amount representing all bonuses or other discretionary payments payable to employees and other service providers of the Company or any
Subsidiary of the Company in respect of the pre-Closing portion of the fiscal year ending December 31, 2016 (which amount is estimated as of the date hereof to equal one million eight hundred seven thousand two hundred eight U.S. dollars
($1,807,208), and which amount shall be updated by the Company in good faith not later than two (2) Business Days prior to the Closing), and any Taxes payable in connection therewith (including the employer portion of any payroll, social
security, unemployment or similar Tax imposed on such amounts); and (xv) all guarantees of such Person in connection with any of the foregoing. For the avoidance of doubt, any item included in either “Current Liabilities” or
“Transaction Expenses” shall not be included in “Indebtedness,” and any item included in “Indebtedness” shall not be included in “Current Liabilities” or “Transaction Expenses”, in each case, solely
to the extent such item actually decreases the Merger Consideration. 
 “Indemnity Escrow Amount” means an amount equal to
Eleven Million Four Hundred Seventy-Five Thousand U.S. dollars ($11,475,000). 
 “Initial Merger Consideration” means
(i) One Hundred Fifty-Three Million U.S. dollars ($153,000,000), plus (ii) the Upward Closing Working Capital Adjustment (if applicable), minus (iii) the Downward Closing Working Capital Adjustment (if applicable),
minus (iv) the Estimated Closing Indebtedness, minus (v) the Estimated Transaction Expenses, minus (vi) the Escrow Amount, minus (vii) the Reserve Amount, plus (viii) the Estimated Cash and
Cash Equivalents. 
 “Intellectual Property” means all intellectual property and proprietary rights throughout the world,
including (i) all patents, patent applications, patent disclosures, and inventions and all improvements thereto (whether or not patentable or reduced to practice), and all reissues, continuations, continuations-in-part, revisions, divisional,
extensions, and reexaminations in connection therewith, (ii) trademarks, service marks, domain names, trade dress, corporate names, trade names, and other indicia of source, and all registrations, applications and renewals in connection
therewith (together with the goodwill associated therewith), (iii) copyrights and all works of authorship (whether or not copyrightable), and all registrations, applications and renewals in connection therewith, (iv) Software, data and
compilations of data, (v) internet domain names, (vi) trade secrets, know-how, technologies, databases, processes, techniques, protocols, methods, formulae, algorithms, layouts, designs, specifications and confidential information,
(vii) moral rights, and (viii) rights of publicity. 
 “Knowledge of the Company” means the actual knowledge of
Scott Burns, Robert Ainsbury, Mike Coughlin, Howard Langsam and Steve Ressler, in each case, after reasonable inquiry. 

“law” means any foreign, federal, state, or local law (including common law), rule, ruling, convention, act, constitution,
treaty, fine, regulation, judgment, injunction, executive order, order, decree, award, judgment, injunction, administrative requirement, or other restriction of any Governmental Authority, as enacted, promulgated, implemented, or in effect on or
prior to the Closing Date. 

  
 Appendix A-6 

 “Liability” means any obligation, deficiency or liability of any kind or nature
whatsoever, whether asserted or unasserted, absolute or contingent, known or unknown, accrued or unaccrued, liquidated or unliquidated, and whether due or to become due and regardless of when asserted. 

“Lien” means any security interest, pledge, lien or other similar encumbrance or arrangement in real or personal property.

 “Material Adverse Effect” means, with respect to any Person, any event, circumstance, or effect (collectively,
“Events”) that, individually or taken together with all other Events, has or would reasonably be anticipated to have in the future a material and adverse effect upon or change in (x) the Business, assets, liabilities or
financial condition, results of operations, cash flows or properties of such Person (taken as a whole); or (y) the Person’s ability to consummate the transactions contemplated by this Agreement, except that none of the following will be
deemed to constitute, and none of the following will be taken into account in determining whether there has been, a Material Adverse Effect: any adverse event, circumstance or effect to the extent arising from (i) changes attributable to
conditions affecting the industries in which such Person and its Subsidiaries participate generally, taken as a whole; (ii) changes in GAAP or other applicable accounting standards, in each case, announced or initially proposed or implemented
on or after the date hereof; (iii) changes in law, rules, regulations, orders, or other binding directives issued by any Governmental Authority, in each case, announced or initially proposed or implemented on or after the date hereof,
(iv) changes in general economic conditions or financial markets; (v) any natural disasters, acts of terrorism, military action or war; (vi) change resulting from compliance with the express terms of, or the taking of any actions
expressly required by, this Agreement, solely to the extent arising from compliance with such terms of, or the taking of any actions expressly required by, this Agreement; (vii) the failure of such Person and its Subsidiaries to meet any
financial forecast, projection, estimate, prediction or models (but the underlying cause for such failure to meet any financial forecast, projection, estimate, prediction or models may be taken into account in determining whether there has been a
Material Adverse Effect); (viii) the loss of any individual Company executive or employee (including, without limitation, any such loss that would constitute a breach under Section 5(r)(i)); or (ix) the announcement or pendency
of any of the transactions contemplated by this Agreement (including any cancellation of or delays in customer orders, any reduction in sales, any disruption in or loss of customer, supplier, distributor, partner or similar relationships, or any
loss of employees), in each case solely to the extent arising from the announcement or performance of, or compliance with, this Agreement or the transactions contemplated hereby; provided that, in the case of clauses (i), (ii), (iii),
(iv) and (v), only to the extent such changes do not disproportionately and materially affect such Person, taken as a whole (and with respect to the Company, do not disproportionately and materially affect the Company as compared to other
Persons or businesses that operate in the industry in which the Company operates). 
 “Open Source Software” means any
Software that is licensed pursuant to: (i) any license that is a license now or in the future approved by the Open Source Initiative and listed at http://www.opensource.org/licenses, which licenses include all versions of the GNU General Public
License (GPL), the GNU Lesser General Public License (LGPL), the GNU Affero GPL, the MIT license, the Eclipse Public License, the Common Public License, the CDDL, the Mozilla Public License (MPL), the Artistic License, the Netscape Public License,
the Sun 

  
 Appendix A-7 

 
Community Source License (SCSL), and the Sun Industry Standards License (SISL); (ii) any license to Software that is considered “free” or “open source software” by the
Open Source Foundation or the Free Software Foundation; or (iii) any Reciprocal License, in each case whether or not source code is available or included in such license. 

“Option Per Share Merger Consideration” means, with respect to each In-the-Money Option, (i) the difference obtained by
subtracting (x) the exercise price applicable to such In-the-Money Option from (y) the Closing Common Per Share Consideration payable in respect of each share of Common Stock underlying such In-the-Money Option in the Merger, plus
(ii) the Pro Rata Share of the Escrow Amount, Reserve Account and Merger Consideration Adjustment Amount attributable to each share of Common Stock underlying such In-the-Money Option. 

“Permitted Liens” means (i) Liens for Taxes not delinquent or Taxes being contested in good faith by any appropriate
proceeding for which adequate reserves have been established in compliance with GAAP, (ii) statutory or contractual landlord’s, mechanic’s or other similar Liens arising or incurred in the ordinary course of business and for amounts
which are not delinquent or being contested in good faith (iii) liens created in connection with capitalized lease obligations, (iv) recorded easements, covenants and other restrictions of record; provided that no such item
described in this clause (iv) impairs in any material respect the current use or occupancy of the property subject thereto, (v) Liens with respect to any Repaid Indebtedness, only to the extent such Liens described in this clause
(v) are released in connection with the Closing in accordance with Section 1(i)(i), and (vi) any and all Liens encumbering the underlying fee interest of the Leased Real Property. 

“Person” means any individual, sole proprietorship, partnership, joint venture, trust, unincorporated association,
corporation, limited liability company, entity or Governmental Authority (whether federal, state, county, city or otherwise and including any instrumentality, division, agency or department thereof). 

“Pro Rata Share” means, with respect to each Equityholder, the relative percentage of (i) the Escrow Amount, Reserve
Account and Merger Consideration Adjustment Amount payable to such Equityholder and (ii) such Equityholder’s indemnification obligation pursuant to Section 8, as applicable, in each case, which percentage is (A) calculated
as (x) the aggregate number of Fully-Diluted Shares held by such Equityholder, divided by (y) the aggregate number of Fully-Diluted Shares held by all Equityholders and (B) set forth in the Distribution Waterfall, which
percentage shall be subject to automatic adjustment among the Equityholders following the date hereof upon the delivery by the Optionholders of the Option Cancellation Agreements and the Stockholders of the Joinder Agreement, as the case may be.
Notwithstanding the foregoing, solely for purposes of each Equityholder’s indemnification obligation pursuant to Section 8 other than through the Escrow Fund, aggregate “Pro Rata Share” shall include only those
Equityholders that have executed a Joinder Agreement and/or delivered an Option Cancellation Agreement, as the case may be, as of the applicable date of determination; provided that upon the delivery by a Stockholder of a Joinder Agreement
and/or by an Optionholder of an Option Cancellation Agreement following the date hereof, the aggregate Pro Rata Share for such purposes shall be deemed adjusted to include such Stockholder and Optionholder (it being understood that the Pro Rata
Share of each Equityholder, when taken together with the Pro Rata Share of each of the other Equityholders as of the applicable date of determination, shall equal 100%). 

  
 Appendix A-8 

 “Reciprocal License” means a license of an item of Software (the
“Reciprocally Licensed Software”) that requires or that conditions any rights granted in such license upon: (i) the disclosure, distribution or licensing of any other Software (other than such item of Reciprocally Licensed
Software as provided by a third party in its unmodified form); (ii) a requirement that any disclosure, distribution or licensing of any other Software (other than such item of Reciprocally Licensed Software in its unmodified form) be at no
charge; (iii) a requirement that any other licensee of such Reciprocally Licensed Software be permitted to access the source code of, modify, make derivative works of, or reverse-engineer any other Software; (iv) a requirement that any
other Software be redistributable by other licensees of such Reciprocally Licensed Software; or (v) the grant by the licensee of any patent rights (other than patent rights in such item of Reciprocally Licensed Software), including
non-assertion or patent license obligations (other than patent obligations relating to the use of such item of Reciprocally Licensed Software). 

“Registered Intellectual Property” means all Intellectual Property that is the subject of registration (or an application for
registration), including domain names. 
 “Representative Side Letter” means that certain side letter in the form attached
hereto as Exhibit K between Parent and Representative, dated as of the Closing Date, pertaining to, among other things, the sharing and disclosure of certain financial information of the Company. 

“Reserve Amount” means an amount equal to Five Hundred Thousand U.S. dollars ($500,000). 

“Restricted Cash” means any cash which is not freely usable by the Company because it is subject to restrictions, limitations
or the imposition of Taxes on use or distribution by law, contract or otherwise, including (i) restrictions on dividends and repatriations or any other form of restriction (ii) the imposition of any withholding Tax or other Tax on any such
cash if it were to be distributed or otherwise repatriated to the Company, and (iii) thirty thousand one hundred eighteen U.S. dollars ($30,118) (which represents fifty thousand U.S. dollars ($50,000) of restricted cash associated with the
Company’s D.C. facility lease, net of nineteen thousand eight hundred eighty two U.S. dollars ($19,882) of security deposit received in respect of the sublease of such facility). 

“Series AA Per Share Merger Consideration” means, with respect to each share of Series AA Preferred Stock, (i) the
Closing Series AA Per Share Consideration payable in respect of such share of Series AA Preferred Stock in the Merger, plus (ii) the Pro Rata Share of the Escrow Amount, Reserve Account and Merger Consideration Adjustment Amount
attributable to such share of Series AA Preferred Stock. 
 “Series AA Preference” means, with respect to each share of
Series AA Preferred Stock, the amount of the Series AA Liquidation Preference (as defined in the Charter) payable in respect of such share of Series AA Preferred in the Merger pursuant to the Charter. 

  
 Appendix A-9 

 “Significant Equityholders” means Actua Holdings, Inc. and any of its
Affiliates. 
 “Software” means all computer software (in object code or source code format) and related documentation and
materials. 
 “Stockholder Agreements” means (i) that certain Second Amended and Restated Stockholder Rights
Agreement, dated as of April 28, 2015, by and among the Company and the Stockholders party thereto, (ii) that certain Stockholder Agreement, dated as of December 5, 2014, by and among the Company and the Stockholders party thereto,
(iii) those certain Employee Stock Rights Agreements, each dated as of July 13, 2015, by and between the Company and Michelle Lee, Alexander Yule and Serena Wales, respectively, (iv) that certain Transfer Rights Agreement, dated as of
December 31, 2009, by and among the Company and the Stockholders party thereto, and (v) that certain Stockholder Voting Agreement, dated as of December 31, 2009, by and among the Company and the Stockholders party thereto. 

“Subsidiary” means, with respect to any Person, any partnership, limited liability company, corporation or other business
entity of which (i) if a corporation, a majority of the total voting power of shares of capital stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers, or trustees thereof is at the
time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof, or (ii) if a partnership, limited liability company or other business entity, a majority of the
partnership or other similar ownership interests thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more Subsidiaries of that Person or a combination thereof. 

“Target Working Capital” means an amount equal to negative nine million three hundred sixty two thousand eight hundred
eighteen and 91/100 U.S. dollars (-$9,362,818.91). 
 “Tax” means any U.S. or non-U.S. federal, state, provincial or local
income, gross receipts, license, payroll, employment, excise, severance, stamp, occupation, premium, windfall profits, environmental, customs duties, capital stock, franchise, profits, withholding, social security, unemployment, disability, real
property, personal property, escheat, sales, use, transfer, registration, value added, alternative or add-on minimum, estimated, or other tax of any kind whatsoever, including any interest, penalty, or addition, whether disputed or not. 

“Tax Return” means any return, declaration, report, claim for refund, or information return or statement filed or required to
be filed with a Governmental Authority in connection with the determination, assessment or collection of Tax, including any schedule or attachment thereto, and including any amendment thereof. 

“Transaction Tax Deductions” means the sum of all items of losses, deductions or credits attributable to (i) any and all
payments in respect of Options and/or Non-Participating Options at the Closing as contemplated by this Agreement (including the Company and its Subsidiaries’ portion of any employment Taxes), plus (ii) any and all deductions of the
Surviving Corporation or the Company and their respective Subsidiaries resulting from the exercise or other settlement of any Options and/or Non-Participating Options in connection with the transactions contemplated by this Agreement, including the
Company and its Subsidiaries’ 

  
 Appendix A-10 

 
portion of any employment Taxes, plus (iii) any and all payments in respect of Company Capital Stock as contemplated by this Agreement that results in a deduction to the Company pursuant to
Section 421(b) of the Code (including the Company portion of any employment Taxes), plus (iv) any and all bonuses paid in connection with the transactions contemplated by this Agreement, plus (v) vesting in respect of restricted stock
of the Company arising out of transactions contemplated by this Agreement, plus (vi) any and all deductible amounts incurred in connection with the retirement of Indebtedness as contemplated by this Agreement, plus (vii) any and all
payments of Transaction Expenses as contemplated by this Agreement. 
 “Transaction Expenses” means, without duplication,
the aggregate amount of all fees and expenses, incurred by or on behalf of the Company, the Company’s Subsidiaries, the Equityholders, the Equityholders’ Representative or any of their respective Affiliates in connection with the
negotiation, preparation or execution of this Agreement or any documents or agreements contemplated hereby or the performance or consummation of the transactions contemplated hereby or relating to bonuses, wages and severance and any other
outstanding liabilities to the independent contractors and employees of the Company or its Subsidiaries, in each case, as a result of or in connection with the transactions contemplated hereby and that have not been paid as of the Closing, including
(i) any fees or expenses of the Company and its Subsidiaries associated with obtaining the necessary waivers, consents or approvals of any Persons on behalf of the Company and its Subsidiaries, (ii) any fees or expenses of the Company and
its Subsidiaries associated with obtaining the release and termination of any Liens (other than Permitted Liens), (iii) all brokers’ or finders’ fees of the Company and its Subsidiaries, (iv) fees and expenses of counsel,
advisors, consultants, investment bankers, accountants, auditors and experts, (v) all sale, change-of-control, “stay-around,” retention, or similar bonuses or payments to current or former directors, officers, employees and other
service providers of the Company and its Subsidiaries paid or payable as a result of or in connection with the transactions contemplated hereby (and including any severance obligations set forth on Schedule B that are actually incurred and
payable as a result of the transactions contemplated hereby) and any Taxes payable in connection therewith (including the employer portion of any payroll, social security, unemployment or similar Tax imposed on such amounts), (vi) any and all
Non-Participating Payments made pursuant to Section 1(h) and (vii) any expenses borne or to be borne by the Company and its Subsidiaries as a result of or in connection with the transactions contemplated hereby (including the
employer portion of any payroll, social security, unemployment or similar Tax incurred in connection with the exercise of, or payments made in respect of, any Options, Non-Participating Options or similar arrangements). For the avoidance of doubt,
any item included in either “Current Liabilities” or “Indebtedness” shall not be included in “Transaction Expenses,” and any item included in “Transaction Expenses” shall not be included in “Current
Liabilities” or “Indebtedness”, in each case, solely to the extent such item actually decreases the Merger Consideration. 

“Upward Closing Working Capital Adjustment” means the amount, if any, by which the Estimated Working Capital exceeds the
Target Working Capital; provided that, if such amount is equal to or less than one hundred twenty five thousand U.S. dollars ($125,000), such amount shall be deemed to be zero U.S. dollars ($0.00). 

“WARN Act” means The Worker Adjustment and Retraining Notification Act as well as any similar applicable foreign, state, or
local law. 

  
 Appendix A-11 

 “Working Capital” means Current Assets minus Current Liabilities, in each
case, as of the Closing Measurement Time. 
 “Working Capital Escrow Amount” means an amount equal to seven hundred fifty
thousand U.S. dollars ($750,000). 

  
 Appendix A-12

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