Document:

EX-10.1

 Exhibit 10.1 

REFINANCING AMENDMENT NO. 3 (this “Third Amendment”) dated as of February 26, 2014, to the Credit and Guaranty
Agreement dated as of August 1, 2012 (as amended, restated, supplemented or otherwise modified from time to time prior to the date hereof, including by Refinancing Amendment No. 2 dated as of August 2, 2013 and Refinancing Amendment
No. 1 dated as of March 20, 2013, the “Credit Agreement”), among HOLOGIC, INC., a Delaware corporation (the “Borrower”); CERTAIN SUBSIDIARIES OF THE BORROWER, as Guarantors; the
LENDERS from time to time party thereto (the “Lenders”) and GOLDMAN SACHS BANK USA (“GS Bank”), as administrative agent (in such capacity, the “Administrative Agent”). 

WHEREAS, each Person that agrees to make Refinancing Tranche B Term Loans (as defined below) (collectively, the “Refinancing
Term Lenders”) will make Refinancing Tranche B Term Loans to the Borrower on the Third Amendment Effective Date (as defined below) (the “Refinancing Tranche B Term Loans”) in an amount equal to its Refinancing Term
Commitment (defined below);  
 WHEREAS, the Borrower has requested an amendment to the Credit Agreement that would effect the
modifications to the Credit Agreement set forth herein, and each Lender party hereto consents to this Third Amendment; 
 WHEREAS, GS Bank,
JPMS, CGMI and MLPFS have been appointed as the Lead Arrangers (as defined below) with respect to this Third Amendment; and 
 WHEREAS, this
Third Amendment includes amendments of the Credit Agreement that are subject to the approval of the Required Lenders, and that, in each case, will become effective on the Third Amendment Effective Date on the terms and subject to the conditions set
forth herein; 
 Accordingly, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto hereby agree as follows: 
 SECTION 1. Defined Terms. Capitalized terms used and
not otherwise defined herein have the meanings assigned to them in the Credit Agreement as amended hereby (the “Amended Credit Agreement”). 

SECTION 2. Refinancing Transactions. 

(a) Subject to the terms and conditions set forth herein, each Refinancing Term Lender severally agrees to make a Term Loan to the
Borrower on the Third Amendment Effective Date in a principal amount equal to its Refinancing Term Commitment, which amount shall be made available to the Administrative Agent in immediately available funds in accordance with the Credit Agreement.
The “Refinancing Term Commitment” of any Refinancing Term Lender will be the amount set forth opposite such Refinancing Term Lender’s name on Schedule 1 hereto (or, if applicable, the amount of Existing Tranche B Term Loans 

 
agreed by such Lender and the Administrative Agent to be replaced in connection with the Refinancing). On the Third Amendment Effective Date, the Refinancing Tranche B Term Loans shall
replace or refinance in full the Tranche B Term Loans outstanding on the Third Amendment Effective Date (immediately prior to the refinancing contemplated by this Third Amendment (the “Refinancing”)) (the “Existing Tranche B
Term Loans”). Each Lender party hereto and the Administrative Agent hereby acknowledge that (i) the Borrower hereby provides notice under Section 2.26(a) of the Credit Agreement of its request for Refinancing Tranche B Term Loans
to refinance or replace in full the Existing Tranche B Term Loans and (ii) all notice requirements set forth in Section 2.26(a) of the Credit Agreement with respect to the Refinancing have been satisfied. For the avoidance of doubt, there
shall be no amount payable under Section 2.13(c) of the Credit Agreement in connection with the Refinancing or the Prepayment. 

(b) On and after the Third Amendment Effective Date, each reference in the Credit Documents to “Tranche B Term Loans” shall be
deemed to be a reference to and include the Refinancing Tranche B Term Loans made or deemed made (including by replacement) hereunder, each reference to “Term Loans” shall be deemed to include the Refinancing Tranche B Term Loans made or
deemed made (including by replacement) hereunder, and each reference to “Lenders” shall be deemed to include the Refinancing Term Lenders. Notwithstanding the foregoing, the provisions of the Credit Agreement with respect to
indemnification, confidentiality, reimbursement of costs and expenses, increased costs and break funding payments shall continue in full force and effect with respect to, and for the benefit of, each Term Lender in respect of such Lender’s
Existing Tranche B Term Loans. 
 SECTION 3. Amendments to the Credit Agreement. Each of the parties hereto agrees that, effective on
the Third Amendment Effective Date, the Credit Agreement shall be amended to delete the stricken text (indicated textually in the same manner as the following example: stricken text) and to add the double-underlined text (indicated
textually in the same manner as the following example: double-underlined text) as set forth in the pages of the Credit Agreement attached as Exhibit A hereto.  

SECTION 4. Amendments to the Pledge and Security Agreement. Each of the parties hereto agrees that, effective on the Third Amendment
Effective Date, the Pledge and Security Agreement shall be amended to delete the stricken text (indicated textually in the same manner as the following example: stricken text) and to add the double-underlined text (indicated
textually in the same manner as the following example: double-underlined text) as set forth in the pages of the Pledge and Security Agreement attached as Exhibit B hereto. 

SECTION 5. Representations and Warranties. To induce the other parties hereto to enter into this Third Amendment, each Credit Party
represents and warrants to each other party hereto, on and as of the Third Amendment Effective Date, that the following statements are true and correct: 

(a) The execution, delivery and performance of this Third Amendment have been duly authorized by all necessary action on the part of each
Credit Party. This Third Amendment has been duly executed and delivered by each Credit Party and is the legally valid and binding obligation of such Credit Party, enforceable against such Credit Party in accordance with its terms, except as may be
limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors’ rights generally or by equitable principles relating to enforceability. 

  
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 (b) The representations and warranties of each Credit Party contained in the Credit Documents
are, after giving effect to this Third Amendment on such date, true and correct in all material respects on and as of the Third Amendment Effective Date to the same extent as though made on and as of such date, except to the extent such
representations and warranties specifically relate to an earlier date, in which case such representations and warranties were true and correct in all material respects on and as of such earlier date; provided that, in each case, such materiality
qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof. 

(c) As of the Third Amendment Effective Date, after giving effect to this Third Amendment, no event has occurred and is continuing or would
result from the consummation of the transactions contemplated hereby that would constitute an Event of Default or a Default. 
 SECTION
6. Third Amendment Effective Date. This Third Amendment shall become effective as of the first date (the “Third Amendment Effective Date”) on which each of the following conditions shall have been satisfied: 

(i) the Administrative Agent shall have received a counterpart signature page of this Third Amendment duly executed by each of
the Borrower, each Guarantor, each Refinancing Term Lender and other Lenders (together with the Refinancing Term Lenders) sufficient to constitute, collectively, the Requisite Lenders; 

(ii) the Administrative Agent and Lenders and their respective counsel shall have received an original executed copy of the
favorable written opinion of Brown Rudnick LLP, counsel for the Credit Parties, dated as of the Third Amendment Effective Date and in form and substance reasonably satisfactory to the Administrative Agent, addressed to the Administrative Agent and
the Lenders as of the Third Amendment Effective Date after giving effect to this Third Amendment (and each Credit Party hereby instructs such counsel to deliver such opinion to the Administrative Agent and such Lenders); 

(iii) the Administrative Agent shall have received (A) a copy of each Organizational Document of each Credit Party
certified, to the extent applicable, as of a recent date by the applicable Governmental Authority, or, if reasonably acceptable to the Administrative Agent, a certification by an Authorized Officer that the applicable Organizational Documents
delivered in connection with the Closing Date and/or on First Amendment Effective Date and/or the Second Amendment Effective Date, as applicable, remain in full force and effect and have not been amended, modified, revoked or rescinded since the
Second Amendment Effective Date, (B) signature and incumbency certificates of the officers or directors of each Credit Party executing this Third Amendment, substantially in the form of the closing certificates delivered on the Closing Date,
(C) resolutions 

  
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of the Board of Directors or similar governing body of each Credit Party approving and, to the extent required in any jurisdiction, resolutions of the meeting of shareholders of a Credit Party,
in each case authorizing the execution, delivery and performance of this Third Amendment, certified as of the Third Amendment Effective Date by its secretary or an assistant secretary as being in full force and effect without modification or
amendment and (D) a good standing certificate (to the extent such concept is applicable in the relevant jurisdiction) from the applicable Governmental Authority of each Credit Party’s jurisdiction of incorporation, organization or
formation; 
 (iv) the representations and warranties of the Credit Parties set forth in Section 5 hereof shall be true
and correct in all material respects as of the Third Amendment Effective Date (except to the extent such representations and warranties specifically relate to an earlier date, in which case such representations and warranties shall be true and
correct in all material respects on and as of such earlier date), and the Administrative Agent shall have received a certificate, dated as of the Third Amendment Effective Date of the Borrower, confirming the accuracy thereof, which shall be in form
and substance reasonably satisfactory to Administrative Agent; 
 (v) the Borrower shall have paid all fees and other amounts
due and payable to GS Bank, J.P. Morgan Securities LLC (“JPMS”), Citigroup Global Markets Inc. (“CGMI”), Merrill Lynch Pierce Fenner & Smith Incorporated (“MLPFS”) as joint lead arrangers,
bookrunners and co-syndication agent (in such capacities, the “Lead Arrangers”) and the Administrative Agent in connection with this Third Amendment, including reimbursement or payment of reasonable costs and expenses actually
incurred by the Lead Arrangers or the Administrative Agent in connection with this Third Amendment, including the reasonable fees, expenses and disbursements of counsel for the Lead Arrangers and the Administrative Agent, in each case, to the extent
that Borrower has received a reasonably detailed invoice for such costs and expenses prior to the Third Amendment Effective Date; 

(vi) concurrently with the making of the Refinancing Tranche B Term Loans, (a) the entire aggregate principal amount of
the Existing Tranche B Term Loans and (b) all accrued interest, fees and other amounts (including any amounts due pursuant to Section 2.18 of the Credit Agreement) accrued prior to the Third Amendment Effective Date in connection therewith
shall have been paid (or, in the case of principal, deemed paid pursuant to this Third Amendment) in full and all Interest Periods in respect of thereof shall have been terminated; 

(vii) the Borrower shall have delivered a Funding Notice with respect to the Refinancing Tranche B Term Loans, and a notice of
prepayment with respect to the Existing Tranche B Term Loans, in each case, in accordance with the Credit Agreement; and 

  
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 (viii) the Administrative Agent shall have received a payment in the amount of
$25,000,000 to effect the voluntary prepayment of the Refinancing Tranche B Term Loans in accordance with Section 2.13 of the Credit Agreement immediately after giving effect to the Refinancing (the “Prepayment”). The
Administrative Agent hereby acknowledges that (i) the Borrower hereby provides notice under Section 2.13 of the Credit Agreement of such Prepayment as of the Third Amendment Effective Date and (ii) all notice requirements set forth in
Section 2.13 of the Credit Agreement with respect to such Prepayment have been satisfied (it being understood and agreed that the Prepayment shall be made with internally generated cash of the Borrower and not the proceeds of the incurrence of
Indebtedness). 
 (b) Subject to Section 9.05(b) of the Credit Agreement, the Third Amendment Effective Date shall not occur if any of
the conditions set forth or referred to in this Section 6 has not been satisfied or waived in accordance with Section 10.05 of the Credit Agreement at or prior to 5:00 p.m., New York City time, on February 26, 2014 (it being
understood that any such failure of the Third Amendment Effective Date to occur by such date will not affect any rights or obligations of any Person under the existing Credit Agreement). The Administrative Agent shall promptly notify the Borrower
and the Lenders of the Third Amendment Effective Date. 
 SECTION 7. Effect of Amendment. 

(a) Except as expressly set forth herein, this Third Amendment shall not by implication or otherwise limit, impair, constitute a waiver of or
otherwise affect the rights and remedies of the Lenders or Agents under the existing Credit Agreement or any other Credit 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 provision of the existing Credit Agreement or of any other Credit Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect. Except
as expressly set forth herein, nothing herein shall be deemed a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Credit Document in
similar or different circumstances. 
 (b) From and after the Third Amendment Effective Date, each reference in the Credit Agreement to
“this Agreement”, “hereunder”, “hereof”, “herein”, or words of like import, and each reference to the Credit Agreement in any other Credit Document shall be deemed a reference to the Credit Agreement as
amended hereby. From and after the Third Amendment Effective Date, each reference in the Credit Documents to the “Pledge and Security Agreement” shall be deemed a reference to the Pledge and Security Agreement as amended hereby. This Third
Amendment shall constitute a “Credit Document” for all purposes of the Credit Agreement and the other Credit Documents. 

SECTION 8. Reaffirmation. Notwithstanding the effectiveness of this Third Amendment and the transactions contemplated hereby,
(i) each Credit Party acknowledges and agrees that, (A) each Credit Document to which it is a party is hereby confirmed and ratified and shall remain in full force and effect according to its respective terms (in the case of the Credit
Agreement and the Pledge and Security Agreement, in each case, as amended hereby) and (B)  

  
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the Collateral Documents do, and all of the Collateral does, and in each case shall continue to, secure the payment of all Secured Obligations (as defined in the Pledge and Security Agreement, as
amended hereby) on the terms and conditions set forth in the Collateral Documents, and hereby ratifies the security interests granted by it pursuant to the Collateral Documents and (ii) each Guarantor hereby confirms and ratifies its continuing
unconditional obligations as Guarantor under the Guaranty with respect to all of the Guaranteed Obligations. 
 SECTION 9. GOVERNING LAW.
THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER (INCLUDING, WITHOUT LIMITATION, ANY CLAIMS SOUNDING IN CONTRACT LAW OR TORT LAW ARISING OUT OF THE SUBJECT MATTER HEREOF AND ANY DETERMINATIONS WITH RESPECT TO POST JUDGMENT
INTEREST) SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE
STATE OF NEW YORK. 
 SECTION 10. Costs and Expenses. The Borrower agrees to reimburse the Administrative Agent for its actual
and reasonable costs and expenses in connection with this Third Amendment to the extent required pursuant to Section 10.02 of the Credit Agreement. 

SECTION 11. Counterparts; Effectiveness. This Third Amendment may be executed in any number of counterparts, each of which when so
executed and delivered shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery by facsimile or other electronic imaging means of an executed counterpart of a signature page to this Third
Amendment shall be effective as delivery of an original executed counterpart of this Third Amendment. 
 SECTION 12. Headings.
Section headings herein are included herein for convenience of reference only and shall not constitute a part hereof for any other purpose or be given any substantive effect. 

SECTION 13. Mortgage Amendments. Notwithstanding anything to the contrary in the Credit Documents, the Borrower and each
applicable Guarantor shall deliver to the Administrative Agent within 45 days after the Third Amendment Effective Date, or such longer time as may be agreed by the Administrative Agent, an amendment to each Mortgage giving effect to this Third
Amendment, in proper form for recording in all appropriate places in all applicable jurisdictions, together with such title reports and other documents relating to the Mortgages (excluding Title Policy endorsements) as are reasonably requested by
the Administrative Agent.  
 [Remainder of page intentionally left blank] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Third Amendment to be duly
executed and delivered by their respective officers thereunto duly authorized as of the date first written above. 
  

			
	 HOLOGIC, INC.,
 as
Borrower

		
	By:	 	/s/ Glenn P. Muir
		 	Name: Glenn P. Muir
		 	 Title: Executive Vice President,
 Finance and
Administration, Chief
 Financial Officer and Assistant

Treasurer and Assistant Secretary

  

			
	 BIOLUCENT, LLC,
 as
Guarantor

		
	By:	 	Hologic, Inc.,
		 	Its Sole Member and Manager
		
	By:	 	/s/ Glenn P. Muir
		 	 Name: Glenn P. Muir
 Title: Executive Vice
President,
 Finance and Administration, Chief
 Financial
Officer and Assistant
 Treasurer and Assistant Secretary

  

			
	 CRUISER, INC.,
 as
Guarantor

		
	By:	 	/s/ Glenn P. Muir
		 	 Name: Glenn P. Muir
 Title: Executive Vice
President,
 Treasurer and Assistant Secretary

 [Signature Page to Third Amendment] 

 
			
	 CYTYC CORPORATION,
 as
Guarantor

		
	By:	 	/s/ Glenn P. Muir
		 	 Name: Glenn P. Muir
 Title: Executive Vice
President,
 Treasurer and Assistant Secretary

 [Signature Page to Third Amendment] 

 
			
	 CYTYC DEVELOPMENT COMPANY LLC,
 as
Guarantor

		
	By:	 	/s/ Glenn P. Muir
		 	 Name: Glenn P. Muir
 Title: Executive Vice
President,
 Treasurer and Assistant Secretary

  

			
	 CYTYC INTERIM, INC.,
 as
Guarantor

		
	By:	 	/s/ Glenn P. Muir
		 	 Name: Glenn P. Muir
 Title: Executive Vice
President,
 Treasurer and Assistant Secretary

  

			
	 CYTYC INTERNATIONAL, INC.,
 as
Guarantor

		
	By:	 	/s/ Glenn P. Muir
		 	 Name: Glenn P. Muir
 Title: Executive Vice
President,
 Treasurer and Assistant Secretary

  

			
	 CYTYC LIMITED LIABILITY COMPANY,
 as
Guarantor

		
	By:	 	Cytyc Corporation,
		 	Its Sole Member
		
	By:	 	/s/ Glenn P. Muir
		 	 Name: Glenn P. Muir
 Title: Executive Vice
President,
 Treasurer and Assistant Secretary

 [Signature Page to Third Amendment] 

 
			
	 CYTYC PRENATAL PRODUCTS CORP.,
 as
Guarantor

		
	By:	 	/s/ Glenn P. Muir
		 	 Name: Glenn P. Muir
 Title: Executive Vice
President,
 Treasurer and Assistant Secretary

 [Signature Page to Third Amendment] 

  

			
	 CYTYC SURGICAL PRODUCTS II,
 LIMITED
PARTNERSHIP,
 as Guarantor

		
	By:	 	Cytyc Corporation,
		 	Its General Partner
		
	By:	 	/s/ Glenn P. Muir
		 	 Name: Glenn P. Muir
 Title: Executive Vice
President,
 Treasurer and Assistant Secretary

  

			
	 CYTYC SURGICAL PRODUCTS III, LLC,

as Guarantor

		
	By:	 	Cytyc Corporation,
		 	Its sole Manager
		
	By:	 	/s/ Glenn P. Muir
		 	 Name: Glenn P. Muir
 Title: Executive Vice
President,
 Treasurer and Assistant Secretary

  

			
	 CYTYC SURGICAL PRODUCTS,
 LIMITED
PARTNERSHIP,
 as Guarantor

		
	By:	 	Cytyc Corporation,
		 	Its General Partner
		
	By:	 	/s/ Glenn P. Muir
		 	 Name: Glenn P. Muir
 Title: Executive Vice
President,
 Treasurer and Assistant Secretary

 [Signature Page to Third Amendment] 

  

			
	 DIRECT RADIOGRAPHY CORP.,
 as
Guarantor

		
	By:	 	/s/ Glenn P. Muir
		 	 Name: Glenn P. Muir
 Title: Executive Vice
President,
 Treasurer and Assistant Secretary

  

			
	 HOLOGIC LIMITED PARTNERSHIP,
 as
Guarantor

		
	By:	 	Cytyc Corporation,
		 	Its General Partner
		
	By:	 	/s/ Glenn P. Muir
		 	 Name: Glenn P. Muir
 Title: Executive Vice
President,
 Treasurer and Assistant Secretary

 [Signature Page to Third Amendment] 

  

			
	 INTERLACE MEDICAL, INC.,
 as
Guarantor

		
	By:	 	/s/ Glenn P. Muir
		 	 Name: Glenn P. Muir
 Title: Executive Vice
President,
 Treasurer and Assistant Secretary

  

			
	 SENTINELLE MEDICAL USA INC.,
 as
Guarantor

		
	By:	 	/s/ Glenn P. Muir
		 	 Name: Glenn P. Muir
 Title: Executive Vice
President,
 Treasurer and Assistant Secretary

  

			
	 SUROS SURGICAL SYSTEMS, INC.,
 as
Guarantor

		
	By:	 	/s/ Glenn P. Muir
		 	 Name: Glenn P. Muir
 Title: Executive Vice
President,
 Treasurer and Assistant Secretary

  

			
	 SST MERGER CORP.,
 as
Guarantor

		
	By:	 	/s/ Glenn P. Muir
		 	 Name: Glenn P. Muir
 Title: Executive Vice
President,
 Treasurer and Assistant Secretary

  

			
	 THIRD WAVE AGBIO, INC.,
 as
Guarantor

		
	By:	 	/s/ Glenn P. Muir
		 	 Name: Glenn P. Muir
 Title: Executive Vice
President,
 Treasurer and Assistant Secretary

 [Signature Page to Third Amendment] 

 
			
	 THIRD WAVE TECHNOLOGIES, INC.,
 as
Guarantor

		
	By:	 	/s/ Glenn P. Muir
		 	 Name: Glenn P. Muir
 Title: Executive Vice
President,
 Treasurer and Assistant Secretary

  

			
	 GEN-PROBE SALES & SERVICE, INC.,

as Guarantor

		
	By:	 	/s/ Glenn P. Muir
		 	 Name: Glenn P. Muir
 Title: Executive Vice
President,
 Treasurer and Assistant Secretary

  

			
	 GEN-PROBE INTERNATIONAL, INC.,
 as
Guarantor

		
	By:	 	/s/ Glenn P. Muir
		 	 Name: Glenn P. Muir
 Title: Executive Vice
President,
 Treasurer and Assistant Secretary

  

			
	 GEN-PROBE PRODESSE, INC.,
 as
Guarantor

		
	By:	 	/s/ Glenn P. Muir
		 	 Name: Glenn P. Muir
 Title: Executive Vice
President,
 Treasurer and Assistant Secretary

  

			
	 GEN-PROBE INCORPORATED,
 as
Guarantor

		
	By:	 	/s/ Glenn P. Muir
		 	 Name: Glenn P. Muir
 Title: Executive Vice
President,
 Treasurer and Assistant Secretary

 [Signature Page to Third Amendment] 

 
			
	 GOLDMAN SACHS BANK USA
 as
Administrative Agent and the Refinancing Term Lender

		
	By:	 	/s/ Gabriel Jacobsen
		 	Name: Gabriel Jacobsen
		 	Title: Authorized Signatory

 [Signature Page to Third Amendment] 

 Exhibit A 

Association Interest Settlement Rate (or the successor thereto if the British Bankers Association is no longer making a LIBOR rate available)
for deposits (for delivery on the first day of such period) with a term equivalent to such period in Dollars, determined as of approximately 11:00 a.m. (London, England, time) on such Interest Rate Determination Date or (c) in the event the
rates referenced in the preceding clauses (a) and (b) are not available, the rate per annum equal to the offered quotation rate to first class banks in the London interbank market by JPMorgan Chase Bank N.A. for deposits (for delivery on
the first day of the relevant period) in Dollars of amounts in same day funds comparable to the principal amount of the applicable Loan of the Administrative Agent, in its capacity as a Lender, for which the Adjusted Eurodollar Rate is then being
determined with maturities comparable to such period as of approximately 11:00 a.m. (London, England, time) on such Interest Rate Determination Date by (ii) an amount equal to (a) one minus (b) the Applicable Reserve Requirement;
provided that with respect to the Tranche B Term Loans, the Adjusted Eurodollar Rate shall not be less than 1.000.75% per annum. 

“Administrative Agent” as defined in the preamble hereto. 

“Adverse Proceeding” means any action, suit, proceeding, hearing (in each case, whether administrative, judicial or
otherwise), governmental investigation or arbitration (whether or not purportedly on behalf of the Borrower or any of its Subsidiaries) at law or in equity, or before or by any Governmental Authority, domestic or foreign (including any Environmental
Claims), whether pending or, to the knowledge of any Authorized Officer of the Borrower or any of its Subsidiaries, threatened against or affecting the Borrower or any of its Subsidiaries or any property of the Borrower or any of its Subsidiaries.

 “Affected Lender” as defined in Section 2.18(b). 

“Affected Loans” as defined in Section 2.18(b). 

  
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 “Auction Manager” means the Administrative Agent. 

“Auction Procedures” means the Modified Dutch Auction Procedures set forth on Exhibit K. 

“Authorized Officer” means, as applied to any Person, any individual holding the position of chief executive officer, or
president, and such Person’s chief financial officer, chief accounting officer, corporate controller or treasurer (or, in each such case, the equivalent position however titled). 

“Available ECF Amount” means, on any date, an amount determined on a cumulative basis equal to Consolidated Excess Cash Flow
for each Fiscal Year of the Borrower commencing with the Fiscal Year ending in 2013 to the extent Not Otherwise Applied. 

“Bankruptcy Code” means Title 11 of the United States Code entitled “Bankruptcy,” as now and hereafter in effect,
or any successor statute. 
 “Base Indenture” means that certain Indenture dated as of December 10, 2007 by and
between Wilmington Trust Company, as trustee, and the Borrower. 
 “Base Rate” means, for any day, a rate per annum equal
to the greatest of (i) the Prime Rate in effect on such day, (ii) the Federal Funds Effective Rate in effect on such day plus  1⁄2 of 1% and
(iii) the sum of (a) the Adjusted Eurodollar Rate (after giving effect to any Adjusted Eurodollar Rate “floor”) that would be applicable on such day for a Eurodollar Rate Loan with a one-month Interest Period (assuming such date
was the Interest Rate Determination Date with respect to such Interest Period) plus (b) 1.00%; provided that with respect to the Tranche B Term Loans, the Base Rate shall not be less than 2.001.75% per annum.
Any change in the Base Rate due to a change in the Prime Rate, Adjusted Eurodollar Rate or the Federal Funds Effective Rate shall be effective on the effective day of such change in the Prime Rate, Adjusted Eurodollar Rate or the Federal Funds
Effective Rate, respectively. 
 “Base Rate Loan” means a Loan bearing interest at a rate determined by reference to the
Base Rate. 
 “Beneficiary” means each Agent, the Issuing Bank, each Lender and each Lender Counterparty. 

“Board of Governors” means the Board of Governors of the Federal Reserve System of the United States, or any successor
thereto. 

  
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 transnational laws, statutes, rules or regulations (including securities and commercial laws,
statutes, rules or regulations and Environmental Laws), on common law or equitable cause or on contract or otherwise, that may be imposed on, incurred by or asserted against any such Indemnitee, in any manner relating to or arising out of
(i) this Agreement or the other Credit Documents or the transactions contemplated hereby or thereby (including the Lenders’ agreement to make Credit Extensions, the syndication of the credit facilities provided for herein or the use or
intended use of the proceeds thereof, any amendments, waivers or consents with respect to any provision of this Agreement or any of the other Credit Documents, or any enforcement of any of the Credit Documents (including any sale of, collection from
or other realization upon any of the Collateral or the enforcement of the Guaranty)); (ii) the Commitment Letter (and any related fee or engagement letter delivered by any Agent or any Lender to the Borrower with respect to the transactions
contemplated by this Agreement); or (iii) any Environmental Claim, Environmental Law, Hazardous Material or any Hazardous Materials Activity relating to or arising from, directly or indirectly, the Borrower, any of its Subsidiaries or any of
their respective predecessors or any past or present activity, operation, property or practice of the Borrower, any of its Subsidiaries or any of their respective predecessors. 

“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 Credit Document and (b) to the extent not otherwise described in (a), Other Taxes. 

“Indemnitee” as defined in Section 10.03. 

“Initial Refinanced Tranche B Term Loans” means all Tranche B Term Loans outstanding on the Third Amendment Effective Date
immediately prior to the Refinancing (under and as defined in the Third Amendment). 
 “Initial Tranche A Term Loans”
means all Tranche A Term Loans outstanding on the First Amendment Effective Date immediately prior to the effectiveness of the First Amendment. 

“Initial Tranche B Term Loans” means all Tranche B Term Loans outstanding on the Second Amendment Effective Date immediately
prior to the Refinancing (under and as defined in the Second Amendment). 
 “Installment” means a Tranche A Installment, a
Tranche B Installment or a scheduled repayment of principal of New Term Loans, if any, pursuant to the proviso to Section 2.12(b), as the case may be. 

  
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 (c) corresponding instruments in countries other than the United States customarily utilized for
high-quality investments and, in each case, with maturities not exceeding two (2) years from the date of acquisition; and 
 (d)
securities that have a Moody’s rating of Baa3 or better and an S&P rating of BBB- or better and, in each case, with maturities not exceeding one (1) year from the date of acquisition. 

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

“Issuing Bank” means (a) JPMorgan Chase Bank N.A., in its capacity as issuer of Letters of Credit hereunder and
(b) any other Lender that may become an Issuing Bank pursuant to Section 2.04(h), with respect to Letters of Credit issued by such Lender. 

“Joinder Agreement” means an agreement substantially in the form of Exhibit J. 

“JPMS” as defined in the preamble hereto. 

“Junior Financing” means any unsecured indebtedness issued pursuant to and in accordance with Section 6.01(k), the
Convertible Notes, the Senior Notes, Permitted Second Priority Refinancing Debt, Permitted Unsecured Refinancing Debt and any Permitted Incremental Equivalent Debt (other than Indebtedness secured as contemplated by clause (i)(A) of the proviso to
the definition thereof). 
 “KV” means KV Pharmaceutical Company. 

“Latest Maturity Date” means, at any date of determination, the latest maturity or expiration date applicable to any Loan or
Commitment hereunder at such time, including the latest maturity or expiration date of any New Revolving Loan Commitments, New Term Loan Commitments, New Revolving Loans or New Term Loans, in each case as extended in accordance with this Agreement
from time to time. 
 “Lead Arrangers” as defined in the preamble hereto. 

“Lender” means each financial institution listed on the signature pages hereto, to the First Amendment
or, to the Second Amendment or to the Third Amendment as a Lender and any other Person that becomes a party hereto pursuant to an Assignment Agreement or a Joinder Agreement. For the avoidance of doubt, the “Swing Line
Lender” shall be a “Lender” for purposes of this Agreement. 

  
 19 

 “Swing Line Loan” means a Loan made by the Swing Line Lender to the Borrower
pursuant to Section 2.03. 
 “Swing Line Note” means a promissory note in the form of Exhibit B-4, as amended, restated,
amended and restated, supplemented or otherwise modified from time to time. 
 “Swing Line Sublimit” means the lesser of
(i) $20,000,000 and (ii) the aggregate unused amount of Revolving Commitments then in effect. 
 “TARGET Day”
means any day on which the Trans-European Automated Realtime Gross Settlement Express Transfer (TARGET) payment system (or, if such payment system ceases to be operative, such other payment system (if any) determined by the Administrative Agent to
be a suitable replacement) is open for the settlement of payments in Euros. 
 “Tax” means any present or future tax, levy,
impost, duty, assessment, fee, deduction or withholding (including backup withholding) or other charge imposed by any Governmental Authority, as well as any interest, addition to tax, or penalty applicable thereto. 

“Term Loan” means a Tranche A Term Loan, a Tranche B Term Loan or a New Term Loan, as applicable. 

“Term Loan Commitment” means the Tranche A Term Loan Commitment, the Tranche B Term Loan Commitment or the New Term Loan
Commitment, as the case may be, of a Lender, and “Term Loan Commitments” means such commitments of all Lenders. 

“Term Loan Maturity Date” means the Tranche A Term Loan Maturity Date, the Tranche B Term Loan Maturity Date or the New Term
Loan Maturity Date of any Series of New Term Loans, as applicable. 
 “Terminated Lender” as defined in Section 2.23. 

“Test Period” as defined in Section 1.05(b). 

“Third Amendment” means Refianncing Amendment No. 3 to this Agreement dated as of February 26, 2014. 

“Third Amendment Effective Date” means the “Third Amendment Effective Date” as defined in the Third
Amendment. 
 “Title Policy” as defined in Section 3.01(h)(iii). 

“Total Assets” means the total amount of all assets of the Borrower and its Subsidiaries, determined on a consolidated basis
in accordance with GAAP as 

  
 20 

 “Tranche A Term Loan Note” means a promissory note in the form of Exhibit B-1,
as amended, restated, amended and restated, supplemented or otherwise modified from time to time. 
 “Tranche B
Installment” as defined in Section 2.12(b). 
 “Tranche B Term Loan” means a Tranche B Term Loan made by a Lender
to the Borrower pursuant to Section 2.01(a)(ii). 
 “Tranche B Term Loan Commitment” means the commitment of a Lender to
make or otherwise fund a Tranche B Term Loan, and “Tranche B Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, as of the
SecondThird Amendment Effective Date is set forth under the caption “Refinancing Term Commitment” on Schedule 1 to the SecondThird Amendment or in the applicable Assignment Agreement, subject
to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the SecondThird Amendment Effective Date is equal to the aggregate principal amount
of the Initial Refinanced Tranche B Term Loans outstanding immediately prior to the Refinancing (as defined in the SecondThird Amendment) occurring on the SecondThird Amendment Effective Date.

 “Tranche B Term Loan Exposure” means, with respect to any Lender, as of any date of determination, the outstanding
principal amount of the Tranche B Term Loan of such Lender; provided, at any time prior to the making of the Tranche B Term Loans, the Tranche B Term Loan Exposure of any Lender shall be equal to such Lender’s Tranche B Term Loan
Commitment. 
 “Tranche B Term Loan Maturity Date” means the earlier of (i) August 1, 2019 and (ii) the date
that all Tranche B Term Loans shall become due and payable in full hereunder, whether by acceleration or otherwise. 
 “Tranche B
Term Loan Note” means a promissory note in the form of Exhibit B-2, as amended, restated, amended and restated, supplemented or otherwise modified from time to time. 

“Transaction Costs” means the fees, commissions, costs and expenses payable by the Borrower or any of the Borrower’s
Subsidiaries on or before the Closing Date in connection with the transactions contemplated by the Credit Documents and the Related Agreements. 

“Type of Loan” means (i) with respect to either Term Loans or Revolving Loans, a Base Rate Loan or a Eurodollar Rate
Loan, and (ii) with respect to Swing Line Loans, a Base Rate Loan. 

  
 21 

 Loan to the Borrower in Dollars in an amount equal to such Lender’s Tranche A Term Loan Commitment; and
(ii) subject to the terms and conditions of the SecondThird Amendment, each Refinancing Term Lender (as defined therein) severally agrees to make, on the SecondThird Amendment Effective Date, a
Tranche B Term Loan to the Borrower in Dollars in an amount equal to such Lender’s Tranche B Term Loan Commitment. 
 The Borrower may
make (x) only one borrowing under the Tranche B Term Loan Commitments which shall be on the SecondThird Amendment Effective Date and (y) only one borrowing under the Tranche A Term Loan Commitments which shall be on
the First Amendment Effective Date. Any amounts borrowed under this Section 2.01(a) with respect to the Tranche A Term Loan and the Tranche B Term Loan and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.13(a) and 2.14,
all amounts owed hereunder with respect to the Tranche A Term Loans and the Tranche B Term Loans shall be paid in full no later than the Tranche A Term Loan Maturity Date and the Tranche B Term Loan Maturity Date, respectively. Each Lender’s
(i) Tranche A Term Loan Commitment shall terminate immediately and without further action on the First Amendment Effective Date, and (ii) Tranche B Term Loan Commitment shall terminate immediately and without further action on the
SecondThird Amendment Effective Date, in each case, upon and after giving effect to the funding of such Lender’s Tranche A Term Loan and/or Tranche B Term Loan on such date. 

(b) Borrowing Mechanics for Initial Tranche A Term Loan and Initial Tranche B Term Loan. 

(i) The Borrower shall deliver to the Administrative Agent a fully executed Funding Notice no later than (x) 10:00 a.m. (New York City time) on a date
that is one Business Day prior to the Closing Date with respect to Base Rate Loans and (y) 10:00 a.m. (New York City time) on a date that is three Business Days prior to the Closing Date with respect to Eurodollar Rate Loans (or, in either
case, such shorter period as may be acceptable to Administrative Agent). Promptly upon receipt by the Administrative Agent of such Funding Notice, the Administrative Agent shall notify each Lender of the proposed borrowing. 

(ii) Each Lender shall make its Initial Tranche A Term Loan and/or Initial Tranche B Term Loan, as the case may be, available to the Administrative Agent not
later than 12:00 noon (New York City time) on the Closing Date, by wire transfer of same day funds in Dollars, at the Principal Office designated by the Administrative Agent. Upon satisfaction or waiver of the conditions precedent specified herein,
the Administrative Agent shall make the proceeds of the applicable Term 

  
 22 

 
the rate payable hereunder for Base Rate Loans for such Class of Loans. Nothing in this Section 2.05(b) shall be deemed to relieve any Lender from its obligation to fulfill its Term Loan
Commitments and Revolving Commitment hereunder or to prejudice any rights that the Borrower may have against any Lender as a result of any default by such Lender hereunder. 

Section 2.06. Use of Proceeds. (a) The proceeds of the Initial Tranche A Term Loans and the Initial Tranche B Term Loans shall be applied by
the Borrower to fund the Acquisition (including the Refinancing and paying fees, commissions and expenses and other Transaction Costs in connection with the Acquisition and the issuance of the Senior Notes) and may be used to pay Convertible Note
Repayment Obligations, purchase or repurchase Convertible Notes pursuant to Section 6.04(c)(y) or fund the Convertible Note Repayment Reserve as permitted hereunder. The proceeds of the Refinancing Term Loans made on the First Amendment
Effective Date pursuant to the First Amendment shall be used on the First Amendment Effective Date to prepay in full all Initial Tranche A Term Loans. The proceeds of the Refinancing Term Loans made on the Second Amendment Effective Date pursuant to
the Second Amendment shall be used on the Second Amendment Effective Date to prepay in full all Initial Tranche B Term Loans.outstanding immediately prior to the Refinancing (under and as defined in the Second Amendment). The
proceeds of the Refinancing Term Loans made on the Third Amendment Effective Date pursuant to the Third Amendment shall be used on the Third Amendment Effective Date to prepay in full all Initial Refinanced Tranche B Term Loans outstanding
immediately prior to the Refinancing (under and as defined in the Third Amendment). 
 (b) The proceeds of the Revolving Loans, Swing Line Loans and
Letters of Credit made or issued on and after the First Amendment Effective Date shall be applied by the Borrower to the working capital and general corporate purposes of the Borrower and its Subsidiaries, including Permitted Acquisitions and
permitted capital expenditures, and may be used to pay Convertible Note Repayment Obligations, purchase or repurchase Convertible Notes pursuant to Section 6.04(c)(y) or fund the Convertible Note Repayment Reserve as permitted hereunder. 

(c) No portion of the proceeds of any Credit Extension shall be used in any manner that causes or might cause such Credit Extension or the application of such
proceeds to violate Regulation T, Regulation U or Regulation X of the Board of Governors or any other regulation thereof or to violate the Exchange Act. 

  
 23 

 Section 2.07. Evidence of Debt; Register; Notes. (a) Lenders’ Evidence of Debt. Each
Lender shall maintain on its internal records an account or accounts evidencing the Obligations of the Borrower to such Lender, including from the date made through repayment (whether by acceleration or otherwise) thereof as follows: 

(i) in the case of Revolving Loans and Tranche A Term Loans, as applicable: 

(A) if a Base Rate Loan, at the Base Rate plus the Applicable Margin; or 

(B) if a Eurodollar Rate Loan, at the Adjusted Eurodollar Rate plus the Applicable Margin; and 

(ii) in the case of Swing Line Loans, at the Base Rate plus the Applicable Margin; and 

(iii) in the case of Tranche B Term Loans: 
 (A) from the
Closing Date to (but excluding) the Second Amendment Effective Date: 
 (1) if a Base Rate Loan, at the Base Rate plus 2.50%; or 

(2) if a Eurodollar Rate Loan, at the Adjusted Eurodollar Rate plus 3.50%; and 

(B) from and after the Second Amendment Effective Date, to (but excluding) the Third Amendment Effective Date: 

(1) if a Base Rate Loan, at the Base Rate plus 1.75%; or 
 (2)
if a Eurodollar Rate Loan, at the Adjusted Eurodollar Rate plus 2.75%. 
 (C) from and after the Third Amendment Effective Date, 

 (1) if a Base Rate Loan, at the Base Rate plus 1.50%; or 

(2) if a Eurodollar Rate Loan, at the Adjusted Eurodollar Rate plus 2.50%. 

(b) The basis for determining the rate of interest with respect to any Loan (except a Swing Line Loan which can be made and maintained only as a Base Rate
Loan), and the Interest Period with respect to any Eurodollar Rate 

  
 24 

 Tranche B Term Loans or the incurrence of any Indebtedness having a Weighted Average Yield that is less than the
Weighted Average Yield of the Tranche B Term Loans (or portion thereof) so repaid, prepaid, refinanced, replaced or repriced (a “Repricing Transaction”)) occurring on or prior to the six monthfirst
anniversary of the SecondThird Amendment Effective Date, such repayment, prepayment, refinancing, replacement or repricing will be made at 101.0% of the principal amount of the Tranche B Term Loans so repaid, prepaid,
refinanced, replaced or repriced on or prior to the six monthfirst anniversary of the SecondThird Amendment Effective Date. If all or any portion of the Tranche B Term Loans held by any Lender is
repaid, prepaid, refinanced or replaced (including through a mandatory assignment) pursuant to Section 2.23 as a result of, or in connection with, such Lender not agreeing or otherwise consenting to any waiver, consent or amendment referred to
in clause (ii) above (or otherwise in connection with a Repricing Transaction), such repayment, prepayment, refinancing or replacement will be made at 101.0% of the principal amount of the Tranche B Term Loans so repaid, prepaid, refinanced or
replaced. It is expressly agreed that, notwithstanding anything to the contrary herein, no premium, penalty or call protection under this Section 2.13(c) shall be due in connection with a mandatory prepayment of Loans required pursuant to
Section 2.14 hereof other than a mandatory prepayment under Section 2.14(d). 
 Section 2.14. Mandatory Prepayments/Commitment
Reductions. (a) Asset Sales. Subject to Section 2.15(e), no later than the fifth Business Day following the date of receipt by the Borrower or any of its Subsidiaries of any Net Asset Sale Proceeds arising from an Asset Sale,
the Borrower shall prepay the Loans as set forth in Section 2.15(b) in an aggregate amount equal to such Net Asset Sale Proceeds; provided so long as no Default or Event of Default shall have occurred and be continuing, the Borrower
shall have the option, directly or through one or more of its Subsidiaries, to invest or commit to invest such Net Asset Sale Proceeds within one year of receipt thereof in long-term productive assets of the general type used in the business of the
Borrower and its Subsidiaries, including through a Permitted Acquisition; provided that if any amount is so committed to be reinvested within such one-year period, but is not reinvested within the later to occur of (x) six months of the
date of such commitment and (y) the end of such one year period, the Borrower shall prepay the Loans in accordance with this Section 2.14(a) without giving further effect to such reinvestment right. 

(b) Insurance/Condemnation Proceeds. Subject to Section 2.15(e), no later than the fifth Business Day following the date of receipt by the
Borrower or any of its Subsidiaries, or the Administrative Agent as loss payee, of any Net Insurance/Condemnation Proceeds, the Borrower shall prepay the Loans as set forth in Section 2.15(b) in an aggregate amount equal to such Net
Insurance/Condemnation Proceeds (in excess of $1,000,000 for any single event giving rise thereto or series of related events giving rise thereto); provided, so 

  
 25 

 
and that it has made and shall continue to make its own appraisal of the creditworthiness of the Borrower and its Subsidiaries. No Agent shall have any duty or responsibility, either initially or
on a continuing basis, to make any such investigation or any such appraisal on behalf of Lenders or to provide any Lender with any credit or other information with respect thereto, whether coming into its possession before the making of the Loans or
at any time or times thereafter, and no Agent shall have any responsibility with respect to the accuracy of or the completeness of any information provided to Lenders. 

(b) Each Lender, by delivering (or if delivered in escrow, upon releasing from such escrow) its signature page to this Agreement, an Assignment Agreement,
Joinder Agreement or an amendment hereto and funding (i) its Initial Tranche A Term Loan, Initial Tranche B Term Loan and/or Revolving Loans on the Closing Date, (ii) its Tranche A Term Loan or making Revolving Commitments available, as
applicable on the First Amendment Effective Date, (iii) its Initial Refinanced Tranche B Term Loan on the Second Amendment Effective Date or, (iv) its Tranche B Term Loan on the Third Amendment Effective
Date or (v) any New Term Loans or New Revolving Loans, as the case may be, shall be deemed to have acknowledged receipt of, and consented to and approved, each Credit Document and each other document required to be approved by any Agent,
the Requisite Lenders or the Lenders, as applicable on the Closing Date, or as of the date of funding of such Tranche A Term Loans, Tranche B Term Loans, Revolving Loans or New Loans. 

(c) Each Lender acknowledges that the Borrower may purchase Tranche B Term Loans hereunder from Lenders from time to time, subject to the restrictions set
forth in Section 10.06. 
 Section 9.06. Right to Indemnity. Each Lender, in proportion to its Pro Rata Share, severally agrees to
indemnify each Agent, to the extent that such Agent shall not have been reimbursed by any Credit Party, for and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses (including
reasonable counsel fees and disbursements) or disbursements of any kind or nature whatsoever which may be imposed on, incurred by or asserted against such Agent in exercising its powers, rights and remedies or performing its duties hereunder or
under the other Credit Documents or otherwise in its capacity as such Agent in any way relating to or arising out of this Agreement or the other Credit Documents; provided, no Lender shall be liable for any portion of such liabilities,
obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from such Agent’s gross negligence or willful misconduct, as determined by a final, non-appealable judgment of a court of competent
jurisdiction. If any indemnity furnished to any Agent for any purpose shall, in the opinion of such Agent, be insufficient or become impaired, such Agent may call for additional indemnity and cease, or not commence, to do the acts indemnified 

  
 26 

 Exhibit B 

Massachusetts General Laws (“M.G.L.”) chapter 63, § 38B, but only to the extent that the pledge of such capital stock or other Equity
Interest would result in such entity ceasing to qualify as a “security corporation” under M.G.L. chapter 63, § 38B; (c) any Excluded Foreign Equity Interests; (d) any “intent-to-use” application for trademark or
service mark registration filed pursuant to Section 1(b) of the Lanham Act, 15 U.S.C. §1051, prior to the filing under Section 1(c) or Section 1(d) of the Lanham Act of a “Statement of Use” or an “Amendment to
Allege Use” with respect thereto, solely to the extent, if any, that, and solely during the period, if any, in which, the grant of a security interest therein prior to such filing would impair the validity or enforceability of any registration
that issues from such intent-to-use trademark or service mark application under applicable federal law; (e) motor vehicles and other Goods covered by a certificate of title the perfection of a security interest in which is excluded from the
Uniform Commercial Code in the relevant jurisdiction; (f) Foreign Intellectual Property; (g) Margin Stock or; (h) Equity Interests in any Person (other than wholly owned Subsidiaries of the Borrower) if and to
the extent that a security interest (x) is prohibited by or would be in violation of any term, provision or condition of such Person’s organizational or joint venture documents (unless such term, provision or condition would be rendered
ineffective with respect to the creation of the security interest hereunder pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the UCC (or any successor provision or provisions) of any relevant jurisdiction or any other applicable law (including
the Bankruptcy Code) or principles of equity) or (y) would result in a breach, default or other violation of any term, provision or condition of such documents after giving effect to Sections 9-406, 9-407, 9-408 or 9-409 of the UCC (or any
successor provision or provisions) of any relevant jurisdiction or any other applicable law (including the Bankruptcy Code) or principles of equity; provided, however, that the Collateral shall include (and such security interest shall
attach) immediately at such time as the contractual prohibition shall no longer be applicable and to the extent severable, shall attach immediately to any portion of such Equity Interests not subject to the prohibitions specified in this clause
2.02(gh) or (hi) any property and/or assets of Grantors (other than (i) Intellectual Property, (ii) Pledged Equity Interests, (iii) intercompany loans and (iv) the Proceeds of any
Collateral) located outside of the United States, provided that the aggregate value of such property and assets does not exceed $75,000,000 at any time. 

  
 27 

 Schedule 1 

Refinancing Term Commitment 
  

					
	 Refinancing Term Lender
	  	Refinancing Term Commitment	 
	 GOLDMAN SACHS BANK USA
	  	$	1,130,433,450.69	  

  
 28EX-10.1

 Exhibit 10.1 

STOCKHOLDERS AGREEMENT 

DATED AS OF [                    ], 2014

 AMONG 
 LA
QUINTA HOLDINGS INC. 
 AND 

THE OTHER PARTIES HERETO 

 Table of Contents 

 

							
	 	  	Page
		
	ARTICLE I. INTRODUCTORY MATTERS	  	1
				
		  	        1.1	  	Defined Terms	  	1
		  	        1.2	  	Construction	  	3
		
	ARTICLE II. CORPORATE GOVERNANCE MATTERS	  	3
				
		  	        2.1	  	Election of Directors	  	3
		
	ARTICLE III. INFORMATION; VCOC	  	5
				
		  	        3.1	  	Books and Records; Access	  	5
		  	        3.2	  	Certain Reports	  	5
		  	        3.3	  	VCOC	  	5
		
	ARTICLE IV. GENERAL PROVISIONS	  	7
				
		  	        4.1	  	Termination	  	7
		  	        4.2	  	Notices	  	8
		  	        4.3	  	Amendment; Waiver	  	8
		  	        4.4	  	Further Assurances	  	8
		  	        4.5	  	Assignment	  	8
		  	        4.6	  	Third Parties	  	9
		  	        4.7	  	Governing Law	  	9
		  	        4.8	  	Jurisdiction; Waiver of Jury Trial	  	9
		  	        4.9	  	Specific Performance	  	9
		  	        4.10	  	Entire Agreement	  	9
		  	        4.11	  	Severability	  	9
		  	        4.12	  	Table of Contents, Headings and Captions	  	10
		  	        4.13	  	Grant of Consent	  	10
		  	        4.14	  	Counterparts	  	10
		  	        4.15	  	Effectiveness	  	10
		  	        4.16	  	No Recourse	  	10

  
 i 

 STOCKHOLDERS AGREEMENT 

This Stockholders Agreement is entered into as of [            ], 2014 by and
among La Quinta Holdings Inc., a Delaware corporation (the “Company”), and each of the other parties identified on the signature pages hereto (the “Investor Parties”). 

BACKGROUND: 
 WHEREAS, the
Company is currently contemplating an underwritten initial public offering (“IPO”) of shares of its Common Stock (as defined below); and 

WHEREAS, in connection with the IPO, the Company and the Investor Parties wish to set forth certain understandings between such parties,
including with respect to certain governance matters. 
 NOW, THEREFORE, the parties agree as follows: 

ARTICLE I. 
 INTRODUCTORY MATTERS

 1.1 Defined Terms . In addition to the terms defined elsewhere herein, the following terms have the following meanings when used
herein with initial capital letters: 
 “Affiliate” has the meaning set forth in Rule 12b-2 promulgated under the Exchange
Act, as in effect on the date hereof. 
 “Agreement” means this Stockholders Agreement, as the same may be amended,
supplemented, restated or otherwise modified from time to time in accordance with the terms hereof. 
 “Beneficially Own”
has the meaning set forth in Rule 13d-3 promulgated under the Exchange Act. 
 “Blackstone Designee” has the meaning set
forth in Section 2.1(b). 
 “Blackstone Designator” means the Blackstone Party, or any group of Blackstone Parties
collectively, then holding of record a majority of Common Stock held of record by all Blackstone Parties. 
 “Blackstone
Entities” means the entities comprising the Blackstone Parties and their Affiliates. 
 “Blackstone Parties” means
the entities listed on the signature pages hereto under the heading “Blackstone Parties” and any other Blackstone Entities that may from time to time become parties hereto. 

“Board” means the board of directors of the Company. 

 “Business Day” means a day other than a Saturday, Sunday, federal or New York
State holiday or other day on which commercial banks in New York City are authorized or required by law to close. 

“Company” has the meaning set forth in the Preamble. 

“Common Stock” means the shares of common stock, par value $0.01 per share, of the Company, and any other stock of the
Company into which outstanding shares of such stock is reclassified or reconstituted and any other common stock of the Company. 

“Control” (including its correlative meanings, “Controlled by” and “under common Control
with”) means possession, directly or indirectly, of the power to direct or cause the direction of management or policies (whether through ownership of securities or partnership or other ownership interests, by contract or otherwise) of a
Person. 
 “Director” means any director of the Company. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder,
as the same may be amended from time to time. 
 “Governmental Authority” means any nation or government, any state or
other political subdivision thereof, and any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government. 

“Investor Parties” has the meaning set forth in the Preamble. 

“IPO” has the meaning set forth in the Background. 

“Law” means any statute, law, regulation, ordinance, rule, injunction, order, decree, governmental approval, directive,
requirement, or other governmental restriction or any similar form of decision of, or determination by, or any interpretation or administration of any of the foregoing by, any Governmental Authority. 

“Person” means an individual, a partnership, a corporation, a limited liability company, an association, a joint stock
company, a trust, a joint venture, an unincorporated organization, or other form of business organization, whether or not regarded as a legal entity under applicable Law, or any Governmental Authority or any department, agency or political
subdivision thereof. 
 “Plan Asset Regulation” has the meaning set forth in Section 3.3. 

“Pre-IPO Owners” means the Blackstone Entities and the other Persons who held Common Stock at the time of the IPO and any
Affiliate thereof that shall become a holder of any Common Stock. 
 “Subsidiary” means, with respect to any Person, any
corporation, limited liability company, partnership, association or other business entity of which: (i) if a corporation, a majority of the total voting power of shares of stock entitled (without regard to the occurrence of

  
 2 

 
any contingency) to vote in the election of directors, representatives 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 limited liability company, partnership, association or other business entity, a majority of the total voting power of stock (or equivalent ownership interest) of the limited
liability company, partnership, association or other business entity 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. For purposes hereof, a Person or
Persons shall be deemed to have a majority ownership interest in a limited liability company, partnership, association or other business entity if such Person or Persons shall be allocated a majority of limited liability company, partnership,
association or other business entity gains or losses or shall be or Control the managing member, managing director or other governing body or general partner of such limited liability company, partnership, association or other business entity. 

“Total Number of Directors” means the total number of directors comprising the Board. 

“Transfer” (including its correlative meanings, “Transferor”, “Transferee” and
“Transferred”) shall mean, with respect to any security, directly or indirectly, to sell, contract to sell, give, assign, hypothecate, pledge, encumber, grant a security interest in, offer, sell any option or contract to purchase,
purchase any option or contract to sell, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of any economic, voting or other rights in or to such security. When used as a noun, “Transfer” shall
have such correlative meaning as the context may require. 
 “VCOC Investor” has the meaning set forth in Section 3.3.

 1.2 Construction . The language used in this Agreement will be deemed to be the language chosen by the parties to express their
mutual intent, and no rule of strict construction will be applied against any party. Unless the context otherwise requires: (a) “or” is disjunctive but not exclusive, (b) words in the singular include the plural, and in
the plural include the singular, and (c) the words “hereof”, “herein”, and “hereunder” and words of similar import when used in this Agreement refer to this Agreement as a whole and not to any
particular provision of this Agreement, and Section references are to this Agreement unless otherwise specified. 
 ARTICLE II. 

CORPORATE GOVERNANCE MATTERS 
 2.1
Election of Directors . 
 (a) Following the Closing Date, the Blackstone Designator shall have the right, but not the obligation, to
designate, and the individuals nominated for election as Directors by or at the direction of the Board or a duly-authorized committee thereof shall include, a number of individuals such that, upon the election of each such individual, and each other
individual nominated by or at the direction of the Board or a duly-authorized committee of the Board, as a Director and taking into account any Director continuing to serve as such without the 

  
 3 

 
need for re-election, the number of Blackstone Designees (as defined below) serving as Directors of the Company will be equal to: (i) if the Pre-IPO Owners collectively Beneficially Own 50%
or more of the total Common Stock as of the record date for such meeting, the lowest whole number that is greater than 50% of the Total Number of Directors; (ii) if the Pre-IPO Owners collectively Beneficially Own at least 40% (but less than
50%) of the total Common Stock as of the record date for such meeting, the lowest whole number that is greater than 40% of the Total Number of Directors; (iii) if the Pre-IPO Owners collectively Beneficially Own at least 30% (but less than 40%)
of the total Common Stock as of the record date for such meeting, the lowest whole number that is greater than 30% of the Total Number of Directors; (iv) if the Pre-IPO Owners collectively Beneficially Own at least 20% (but less than 30%) of
the total Common Stock as of the record date for such meeting, the lowest whole number that is greater than 20% of the Total Number of Directors; and (v) if the Pre-IPO Owners collectively Beneficially Own at least 5% (but less than 20%) of the
total Common Stock as of the record date for such meeting, the lowest whole number that is greater than 10% of the Total Number of Directors. 

(b) If at any time the Blackstone Designator has designated fewer than the total number of individuals that the Blackstone Designator is then
entitled to designate pursuant to Section 2.1(a), the Blackstone Designator shall have the right to designate such additional individuals which it is entitled to so designate, in which case, any individuals nominated by or at the direction of
the Board or any duly-authorized committee thereof for election as Directors to fill any vacancy on the Board shall include such designees, and the Company shall use its best efforts to (x) effect the election of such additional designees,
whether by increasing the size of the Board or otherwise, and (y) cause the election of such additional designees to fill any such newly-created vacancies or to fill any other existing vacancies. Each such individual whom the Blackstone
Designator shall actually designate pursuant to this Section 2.1 and who is thereafter elected and qualifies to serve as a Director shall be referred to herein as a “Blackstone Designee”. 

(c) In the event that a vacancy is created at any time by the death, disability, retirement or resignation of any Blackstone Designee, any
individual nominated by or at the direction of the Board or any duly-authorized committee thereof to fill such vacancy shall be, and the Company shall use its best efforts to cause such vacancy to be filled, as soon as possible, by a new designee of
the Blackstone Designator, and the Company shall take, to the fullest extent permitted by law, at any time and from time to time, all actions necessary to accomplish the same. 

(d) The Company shall, to the fullest extent permitted by law, include in the slate of nominees recommended by the Board at any meeting of
stockholders called for the purpose of electing directors, the persons designated pursuant to this Section 2.1 and use its reasonable best efforts to cause the election of each such designee to the Board, including nominating each such
individual to be elected as a Director as provided herein, recommending such individual’s election and soliciting proxies or consents in favor thereof. 

(e) In addition to any vote or consent of the Board or the stockholders of the Company required by applicable Law or the charter or bylaws of
the Company, and notwithstanding anything to the contrary in this Agreement, for so long as this Agreement is in effect, any action by the Board to increase or decrease the Total Number of Directors (other than

  
 4 

 
any increase in the Total Number of Directors in connection with the election of one or more directors elected exclusively by the holders of one or more classes or series of the Company’s
stock other than Common Stock) shall require the prior written consent of the Blackstone Designator, delivered in accordance with Section 4.13 of this Agreement. 

ARTICLE III. 
 INFORMATION; VCOC

 3.1 Books and Records; Access. The Company shall, and shall cause its Subsidiaries to, permit the Blackstone Entities and their
respective designated representatives, at reasonable times and upon reasonable prior notice to the Company, to review the books and records of the Company or any of such Subsidiaries and to discuss the affairs, finances and condition of the Company
or any of such Subsidiaries with the officers of the Company or any such Subsidiary; provided, however, that the Company shall not be required to disclose any privileged information of the Company so long as the Company has used commercially
reasonable efforts to enter into an arrangement pursuant to which it may provide such information to the Blackstone Entities without the loss of any such privilege. 

3.2 Certain Reports. The Company shall deliver or cause to be delivered to the Blackstone Entities, at their request: 

(a) to the extent otherwise prepared by the Company, operating and capital expenditure budgets and periodic information packages relating to
the operations and cash flows of the Company and its Subsidiaries; and 
 (b) to the extent otherwise prepared by the Company, such other
reports and information as may be reasonably requested by the Blackstone Entities; provided, however, that the Company shall not be required to disclose any privileged information of the Company so long as the Company has
used commercially reasonable efforts to enter into an arrangement pursuant to which it may provide such information to the Blackstone Entities without the loss of any such privilege. 

3.3 VCOC. With respect to each Blackstone Entity that is intended to qualify its direct or indirect investment in the Company as a
“venture capital investment” as defined in the Department of Labor regulations codified at 29 CFR Section 2510.3-101 (the “Plan Asset Regulation”) (each, a “VCOC Investor”), for so long as the VCOC
Investor, directly or through one or more subsidiaries, continues to hold any shares of Common Stock (or other securities of the Company into which such shares of Common Stock may be converted or for which such shares of Common Stock may be
exchanged), without limitation or prejudice of any the rights provided to the Blackstone Entities hereunder, the Company shall, with respect to each such VCOC Investor: 

(a) provide each VCOC Investor or its designated representative with: 

(i) upon reasonable notice and at mutually convenient times, the right to visit and inspect any of the offices and properties
of the Company and its Subsidiaries and inspect and copy the books and records of the Company and its Subsidiaries; 

  
 5 

 (ii) as soon as available and in any event within 45 days after the end of each
of the first three quarters of each fiscal year of the Company, consolidated balance sheets of the Company and its Subsidiaries as of the end of such period, and consolidated statements of income and cash flows of the Company and its Subsidiaries
for the period then ended prepared in conformity with generally accepted accounting principles in the United States applied on a consistent basis, except as otherwise noted therein, and subject to the absence of footnotes and to year-end
adjustments; 
 (iii) as soon as available and in any event within 120 days after the end of each fiscal year of the Company,
a consolidated balance sheet of the Company and its Subsidiaries as of the end of such year, and consolidated statements of income and cash flows of the Company and its Subsidiaries for the year then ended prepared in conformity with generally
accepted accounting principles in the United States applied on a consistent basis, except as otherwise noted therein, together with an auditor’s report thereon of a firm of established national reputation; 

(iv) to the extent the Company is required by law or pursuant to the terms of any outstanding indebtedness of the Company to
prepare such reports, any annual reports, quarterly reports and other periodic reports pursuant to Section 13 or 15(d) of the Exchange Act, actually prepared by the Company as soon as available; and 

(v) upon written request by the VCOC Investor, copies of all materials provided to the Board, subject to appropriate
protections with respect to confidentiality and preservation of attorney-client privilege; 
 provided, that, in each case, if the Company makes the
information described in clauses (ii), (iii) and (iv) of this clause (a) available through public filings on the EDGAR System or any successor or replacement system of the U.S. Securities and Exchange Commission, the delivery of such
information shall be deemed satisfied; 
 (b) make appropriate officers and/or Directors of the Company available, and cause the officers
and directors of its Subsidiaries to be made available, periodically and at such times as reasonably requested by each VCOC Investor, upon reasonable notice and at mutually convenient times, for consultation with such VCOC Investor or its designated
representative with respect to matters relating to the business and affairs of the Company and its Subsidiaries; 
 (c) to the extent that
the VCOC Investor requests to receive such information and rights, and to the extent consistent with applicable law, rule, regulation or listing standards (and with respect to events which require public disclosure, only following the Company’s
public disclosure thereof through applicable securities law filings or otherwise), inform each VCOC Investor or its designated representative in advance with respect to any significant corporate actions, and to provide (or cause to be provided) each
VCOC Investor or its designated representative with the right to consult with the Company and its Subsidiaries with respect to such actions should the VCOC Investor elect to do so, provided however, that this right to

  
 6 

 
consult must be exercised within five (5) days after the Company informs the VCOC Investor of the proposed corporate action and provided further that the Company shall be under no obligation
to provide the VCOC Investor with any material non-public information with respect to such corporate action; and 
 (d) provide each VCOC
Investor or its designated representative with such other rights of consultation which the VCOC Investor’s counsel may determine in writing to be reasonably necessary under applicable legal authorities promulgated after the date hereof to
qualify its investment in the Company as a “venture capital investment” for purposes of the Plan Asset Regulation, provided that the parties agree that any such rights of consultation shall be of a nature consistent with those granted
above and nothing in this Agreement shall be deemed to require the Company to grant to the VCOC Investor any additional rights with respect to the governance or management of the Company. 

The Company agrees to consider, in good faith, the recommendations of each VCOC Investor or its designated representative in connection with the matters on
which it is consulted as described above in this Section 3.3, recognizing that the ultimate discretion with respect to all such matters shall be retained by the Company. 

In the event a VCOC Investor or any of its Affiliates Transfers all or any portion of their investment in the Company to an Affiliated entity that is intended
to qualify as a “venture capital operating company” (as defined in the Plan Asset Regulation), such Transferee shall be afforded the same rights with respect to the Company afforded to the VCOC Investor hereunder and shall be treated, for
such purposes, as a third party beneficiary hereunder. 
 In the event that the Company ceases to qualify as an “operating company” (as defined in
the first sentence of 2510.3-101(c)(1) of the Plan Asset Regulation), or the investment in the Company by a VCOC Investor does not qualify as a “venture capital investment” as defined in the Plan Asset Regulation, then the Company and each
Blackstone Entity will cooperate in good faith to take all reasonable actions necessary, subject to applicable law, to preserve the VCOC status of each VCOC Investor or the qualification of the investment as a “venture capital investment,”
it being understood that such reasonable actions shall not require a VCOC Investor to purchase or sell any investments. 
 ARTICLE IV. 

GENERAL PROVISIONS 
 4.1
Termination. Except for Section 3.3, this Agreement shall terminate on the earlier to occur of (i) such time as the Blackstone Designator is no longer entitled to designate a Director pursuant to Section 2.1(a) and
(ii) the delivery of a written notice by the Blackstone Designator to the Company requesting that this Agreement terminate. The VCOC Investors shall advise the Company when they collectively first cease to beneficially own any of the
Company’s Common Stock or other securities of the Company into which such shares of Common Stock may be converted or for which such shares of Common Stock may be exchanged, whereupon Section 3.3 hereof shall terminate. 

  
 7 

 4.2 Notices. Any notice, designation, request, request for consent or consent provided for
in this Agreement shall be in writing and shall be either personally delivered, or mailed first class mail (postage prepaid) or sent by reputable overnight courier service (charges prepaid) to the Company at the address set forth below and to any
other recipient at the address indicated on the Company’s records, or at such address or to the attention of such other Person as the recipient party has specified by prior written notice to the sending party. Notices and other such documents
will be deemed to have been given or made hereunder when sent by facsimile (receipt confirmed) delivered personally, five (5) days after deposit in the U.S. mail and one (1) day after deposit with a reputable overnight courier service.

  

	
	 The Company’s address is:

	
	 La Quinta Holdings Inc.

	 909 Hidden Ridge, Suite 600

	 Irving, Texas 75038

	 Attention: General Counsel

	 Fax: (214) 492-6500

	
	 The Blackstone Entities’ address is:

	
	 The Blackstone Group L.P.

	 345 Park Avenue

	 New York, NY 10154

	 Attention: Tyler Henritze

	 Fax: (212) 583-5191

 4.3 Amendment; Waiver. This Agreement may be amended, supplemented or otherwise modified only by a
written instrument executed by the Company and the Blackstone Designator. Neither the failure nor delay on the part of any party hereto to exercise any right, remedy, power or privilege under this Agreement shall operate as a waiver thereof, nor
shall any single or partial exercise of any right, remedy, power or privilege preclude any other or further exercise of the same or of any other right, remedy, power or privilege, nor shall any waiver of any right, remedy, power or privilege with
respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence. No waiver shall be effective unless it is in writing and is signed by the party asserted to have granted such waiver.

 4.4 Further Assurances. The parties hereto will sign such further documents, cause such meetings to be held, resolutions passed,
exercise their votes and do and perform and cause to be done such further acts and things necessary, proper or advisable in order to give full effect to this Agreement and every provision hereof. To the fullest extent permitted by law, the Company
shall not directly or indirectly take any action that is intended to, or would reasonably be expected to result in, Blackstone or any Blackstone Entity being deprived of the rights contemplated by this Agreement. 

4.5 Assignment. This Agreement will inure to the benefit of and be binding on the parties hereto and their respective successors and
permitted assigns. This Agreement may not be assigned without the express prior written consent of the other parties hereto, and any 

  
 8 

 
attempted assignment, without such consents, will be null and void; provided, however, that, without the prior written consent of the Company, a Blackstone Party may assign this Agreement
to an Affiliate that becomes a party hereto. 
 4.6 Third Parties. Except as provided for in Article II and Section 3.3 with
respect to any Blackstone Entity, this Agreement does not create any rights, claims or benefits inuring to any person that is not a party hereto nor create or establish any third party beneficiary hereto. 

4.7 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without
regard to principles of conflicts of laws thereof. 
 4.8 Jurisdiction; Waiver of Jury Trial. In any judicial proceeding involving
any dispute, controversy or claim arising out of or relating to this Agreement, each of the parties unconditionally accepts the jurisdiction and venue of the courts of the State of Delaware or if jurisdiction over the matter is vested exclusively in
federal courts, the United States District Court for the District of Delaware, and the appellate courts to which orders and judgments thereof may be appealed. In any such judicial proceeding, the parties agree that in addition to any method for the
service of process permitted or required by such courts, to the fullest extent permitted by law, service of process may be made by delivery provided pursuant to the directions in Section 4.2. EACH OF THE PARTIES HEREBY WAIVES TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW TRIAL BY JURY IN ANY JUDICIAL PROCEEDING INVOLVING ANY DISPUTE, CONTROVERSY OR CLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT. 

4.9 Specific Performance. Each party hereto acknowledges and agrees that in the event of any breach of this Agreement by any of them,
the other parties hereto would be irreparably harmed and could not be made whole by monetary damages. Each party accordingly agrees to waive the defense in any action for specific performance that a remedy at law would be adequate and agrees that
the parties, in addition to any other remedy to which they may be entitled at law or in equity, shall be entitled to specific performance of this Agreement without the posting of bond. 

4.10 Entire Agreement. This Agreement sets forth the entire understanding of the parties hereto with respect to the subject matter
hereof. There are no agreements, representations, warranties, covenants or understandings with respect to the subject matter hereof or thereof other than those expressly set forth herein and therein. This Agreement supersedes all other prior
agreements and understandings between the parties with respect to such subject matter. 
 4.11 Severability. If any provision of this
Agreement, or the application of such provision to any Person or circumstance or in any jurisdiction, shall be held to be invalid or unenforceable to any extent, (i) the remainder of this Agreement shall not be affected thereby, and each other
provision hereof shall be valid and enforceable to the fullest extent permitted by law, (ii) as to such Person or circumstance or in such jurisdiction such provision shall be reformed to be valid and enforceable to the fullest extent permitted
by law and (iii) the application of such provision to other Persons or circumstances or in other jurisdictions shall not be affected thereby. 

  
 9 

 4.12 Table of Contents, Headings and Captions. The table of contents, headings,
subheadings and captions contained in this Agreement are included for convenience of reference only, and in no way define, limit or describe the scope of this Agreement or the intent of any provision hereof. 

4.13 Grant of Consent. Any vote, consent or approval of, or designation by, or other action of, the Blackstone Designator hereunder
shall be effective if notice of such vote, consent, approval, designation or action is provided in accordance with Section 4.2 by the Blackstone Party or Parties holding of record a majority of the Common Stock then held of record by Blackstone
Parties as of the latest date any such notice is so provided. 
 4.14 Counterparts. This Agreement and any amendment hereto may be
signed in any number of separate counterparts, each of which shall be deemed an original, but all of which taken together shall constitute one Agreement (or amendment, as applicable). 

4.15 Effectiveness. This Agreement shall become effective upon the Closing Date. 

4.16 No Recourse. This Agreement may only be enforced against, and any claims or cause of action that may be based upon, arise out of
or relate to this Agreement, or the negotiation, execution or performance of this Agreement may only be made against the entities that are expressly identified as parties hereto and no past, present or future Affiliate, director, officer, employee,
incorporator, member, manager, partner, stockholder, agent, attorney or representative of any party hereto shall have any liability for any obligations or liabilities of the parties to this Agreement or for any claim based on, in respect of, or by
reason of, the transactions contemplated hereby. 
 [Remainder Of Page Intentionally Left Blank] 

  
 10 

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

			
	COMPANY
	
	 LA QUINTA HOLDINGS INC.

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

 [Signature Page to Stockholders’ Agreement] 

 
					
	BLACKSTONE PARTIES:
	
	BLACKSTONE REAL ESTATE PARTNERS IV L.P.
	BLACKSTONE REAL ESTATE PARTNERS IV.F L.P.
	BLACKSTONE REAL ESTATE PARTNERS IV.TE.2 L.P.
	 BLACKSTONE REAL ESTATE PARTNERS (DC) IV.TE.1 L.P.

BLACKSTONE REAL ESTATE PARTNERS (DC) IV.TE.2 L.P.

	BLACKSTONE REAL ESTATE PARTNERS (DC) IV.TE.3-A L.P.
		
	By:	 	Blackstone Real Estate Associates IV L.P., its General Partner
		
	By:	 	BREA IV L.L.C., its General Partner
	
	BREP IV.F-LQ L.P.
		
	By:	 	Blackstone Real Estate Partners IV.F L.P., its General Partner
		
	By:	 	Blackstone Real Estate Associates IV L.P., its General Partner
		
	By:	 	BREA IV L.L.C., its General Partner
		
	By:	 	  

		 	Name:
		 	Title: Authorized Signatory
	
	BLACKSTONE REAL ESTATE HOLDINGS IV L.P.
		
	 By:
	 	BREP IV Side-by-Side GP L.L.C., its General Partner
		
	 By:
	 	  

		 	 Name:

		 	 Title: Authorized Signatory

 [Signature Page to Stockholders’ Agreement] 

 
			
	BLACKSTONE REAL ESTATE PARTNERS V L.P.
	 BLACKSTONE REAL ESTATE PARTNERS V.F

L.P.

	BLACKSTONE REAL ESTATE PARTNERS V.TE.1 L.P.
	BLACKSTONE REAL ESTATE PARTNERS V.TE.2 L.P.
	 BLACKSTONE REAL ESTATE PARTNERS (AIV) V L.P.

BLACKSTONE REAL ESTATE PARTNERS (DC) IV.TE.2 L.P.

	BLACKSTONE REAL ESTATE PARTNERS (DC) IV.TE.3-A L.P.
		
	By:	 	Blackstone Real Estate Associates V L.P., its General Partner
		
	By:	 	BREA V L.L.C., its General Partner
	
	BREP V.F-LQ L.P.
		
	By:	 	Blackstone Real Estate Partners V.F L.P., its General Partner
		
	By:	 	Blackstone Real Estate Associates V L.P., its General Partner
		
	By:	 	BREA V L.L.C., its General Partner
		
	By:	 	  

		 	Name:
		 	Title: Authorized Signatory
	
	BLACKSTONE REAL ESTATE HOLDINGS V L.P.
		
	By:	 	BREP V Side-by-Side GP L.L.C., its General Partner
		
	By:	 	  

		 	Name:
		 	Title: Authorized Signatory

 [Signature Page to Stockholders’ Agreement] 

 
			
	 BREP/PRIME MEZZ 2 L.L.C.

		
	By:	 	  

		 	Name:
		 	Title: Authorized Signatory

 [Signature Page to Stockholders’ Agreement]

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