Document:

EX-10.10

 Exhibit 10.10 
 November 30, 2011 
 Vitran Corporation Inc. 

c/o Royal Bank of Canada 
 Royal Bank Plaza

 4th Floor, North Tower, PO Box 50 

Toronto, ON M5J 2W7 
 Attention: Reiner Plessl

 Vitran Express Canada Inc. 
 1201
Creditstone Road 
 Concord, Ontario 

L4K 0C2 
 Attention: Fayaz Suleman 

Dear Sirs 
  

	Re:	10077 Grace Road, Surrey, BC 

	 	18204 - 111 Avenue NW, Edmonton, AB 

	 	1201 Creditstone Road, Vaughan, ON and 2700 Langstaff Road, Vaughan, ON 

 CMLS Financial Ltd. (the “Lender”) is pleased to advise that on the basis of information provided in connection with your request for financing, your application for a mortgage loan (the
“Loan”) has been approved subject to the terms and conditions set out herein. 
 This amended and restated commitment letter
(as further amended, restated, supplemented or otherwise modified from time to time, the “Commitment Letter”) cancels, supersedes and replaces the commitment letter dated as of November 8, 2011 relating to the Properties (as
herein defined) issued by the Lender to the Borrower and Covenantors (the “Original Commitment Letter”). Upon the signing of this Commitment Letter by the Lender, the Borrower and the Covenantors, the Original Commitment Letter
shall be terminated and be of no further force and effect. 
 NOW THEREFORE in consideration of the covenants and agreements herein
contained, and other valuable consideration, the receipt of which is hereby acknowledged, the parties hereto agree as follows: 
 LOAN
TYPE 
 Conventional loan on the security of a first freehold mortgage (the “Mortgage”) on the land and buildings
(individually a “Property” and together the “Properties”) located at: 
 10077 Grace Road, Surrey, British
Columbia V3V-3V6 (the “BC Property”) 
 18204 – 111 Avenue NW, Edmonton, Alberta T5S-2H4 (the “AB
Property”) 
 1201 Creditstone Road, Vaughan, Ontario L4K-0C2 and 2700 Langstaff Road, Vaughan, ON (the “ON Property”)

 PURPOSE 
 To provide first mortgage financing on the Properties to enable the Borrower to repay its existing indebtedness. 
 BORROWER(S) 
 Vitran Express Canada Inc. (the “Borrower”)

 COVENANTOR(S) 
 A
guarantee shall be provided by Vitran Corporation Inc. (“Vitran”) and Expediteur T.W. Ltee (“ETW” together with Vitran, the “Covenantor(s)”) on a joint and several basis to make payments under the
Loan and to perform all other obligations of the Borrower until the Loan has been satisfactorily repaid in full. 
 MORTGAGEE

 CMLS Financial Ltd., on behalf of an investor client. 
 LEGAL DESCRIPTION 
 To be confirmed by the Lender’s counsel. 

DESCRIPTION OF PROPERTY 
 A
portfolio of three properties containing approximately 194,080 rentable square feet, located on approximately 42 acres. 
 PRINCIPAL
AMOUNT 
 The principal amount of the Loan under this Commitment Letter is $39,225,000 (the “Principal Amount”) and the
amount allocated to each Property below (the “Allocated Amount”) is only for prepayment and partial release purposes under the “Prepayment” and “Partial Release” sections below and shall not affect
the amount to be secured under any security agreement in favour of the Lender or the obligation of the Borrower to pay the Principal Amount to the Lender in full. If a prepayment is made in accordance with the terms of the
“Prepayment” and/or the “Insurance” sections, then each Allocated Amount is subject to reduction as provided therein. 
  

							
	 CMSL Loan 50149
	  	10077 Grace Road, Surrey, BC	  	$	13,325,000	  
	 CMLS Loan 50150
	  	18204 – 111 Avenue NW, Edmonton, AB	  	$	4,875,000	  
	 CMLS Loan 50151
	  	1201 Creditstone Road, Vaughan, ON and 2700 Langstaff Road, Vaughan, ON	  	$	21,025,000	  

 AMORTIZATION 
 Twenty-Five (25) years 

 INTEREST RATE 
 The interest rate for the Loan will be 300 basis points over the bid side yield to maturity expressed as a percentage per annum, compounded semi-annually, not in advance, of a publicly traded non-callable
Government of Canada bond selected by the Lender and maturing on a date close to the Maturity Date of the loan as determined by the Lender as at the first Business Day on which the Lender receives the Borrower’s written request to set the
interest rate (the “Interest Rate”). The Interest Rate must be set within 15 days of the anticipated funding date as set out in the written notice from the Borrower (the “Funding Notice”), and no later than 5 days
prior to such funding date. The Funding Notice must be received by the Lender no later than 1:00 PM EST for rate setting that day. Notwithstanding the above, the Interest Rate shall not be less than 4.75%.  

The Loan will be funded on the date set out in the Funding Notice from the Borrower, which must be within 15 days of the setting of the Interest Rate,
otherwise the Lender reserves the right in its sole option to modify the rate by applying the formula provided herein. 
 Interest at the
Interest Rate shall be calculated semi-annually and payable monthly not in advance both before and after demand, maturity, judgment and before and after default, based on the Principal Amount advanced and outstanding from time to time from and
including the date of advance thereof. Interest on overdue interest shall be calculated and be payable at the same rate and in the same manner as set out herein. 
 COMMITMENT EXPIRY 
 December 15, 2011 hereinafter referred to as the
“Commitment Expiry Date”. The Lender acknowledges the target funding date is November 30, 2011 or earlier. 
 Please also
refer to clause entitled “Commitment Expiry” contained in the Standard Terms and Conditions. 
 INTEREST ADJUSTMENT DATE

 The first (1st) day of the month next following the date of the advance of funds; being December 1, 2011 (the
“Interest Adjustment Date”). 
 MATURITY DATE 
 Seven (7) years from the Interest Adjustment Date; being November 30, 2018 (the “Maturity Date”). 
 FUNDING 
 The Loan is to be advanced by way of a single advance of funds. 

 CMLS Loan No. 50149,50150 & 50151 

Page 4 of 32 
 Commitment Letter dated
November 30, 2011 
 SECURITY FUNDING/ CONDITIONS PRECEDENT 

CONDITIONS PRECEDENT TO FUNDING 

Conditions precedent to the disbursement of funds under the Loan shall be: 

 

	1.	CREDIT AND FINANCIAL INFORMATION 

 Receipt and satisfactory approval by the Lender of the financial statements for all corporate Borrower and Covenantor(s). 
 All Borrower and Covenantor(s) hereby consent to the Lender commissioning and receiving credit reports on the Borrower and Covenantor(s), the cost of which is to the account of the Borrower. 

The Borrower and Covenantor(s) acknowledge that all financial information has been provided to the Lender for the purpose of assessing
credit risks associated with the Loan and that the Lender may, in order to fulfill its obligations or enforce its rights (including, without limitation, the enforcement of its security), confidentially disclose all such financial information to
third parties (including, without limitation, credit rating agencies) in the ordinary course of business. 
 The Borrower and
Covenantor(s) agree to have the attached Client Identification Certification (Schedule “F”) completed by its/their counsel and returned to the Lender and the Lender’s counsel as required herein. 

 

	2.	OPERATING STATEMENTS 

Receipt and satisfactory review by the Lender of operating statements on each of the Properties for the past three years. 

 

	3.	APPRAISAL 

 Receipt and
satisfactory review by the Lender of appraisal reports on each of the Properties from Cushman & Wakefield Ltd., acceptable to the Lender, establishing a minimum total market value for mortgage purposes of $60,350,000. The appraisals shall
be accompanied by Reliance Letters authorizing the Lender to use and rely upon the appraisals for financing purposes. All costs associated with the Cushman & Wakefield Ltd. appraisals will be to the account of the Lender. The Lender
confirms that the appraisals relating to the Properties dated October 31, 2011 prepared by Cushman & Wakefield Ltd. are acceptable for the purposes of satisfying the condition in this section. 

 

	4.	ENVIRONMENTAL REPORT (“ESA”) 

 Receipt and acceptance by the Lender of Phase I environmental reports or audits on each of the Properties prepared by an environmental consultant (the “Consultant”) satisfactory to the
Lender. The report(s) must be dated within 1 year of the date of this Commitment Letter. If further investigative work is recommended, then the Borrower and the Lender will confer with 

 
the Consultant to determine the reasonable scope for the further work and, if practicable, provide the Consultant with express instructions to conduct such investigations as are required to
permit the Consultant to issue the subsequent investigative report. Notwithstanding the foregoing, all ESA reports must conform to the Canadian Standards Association (Z768 for ESA Phase 1 reports and Z769 for ESA Phase 2 reports). The reports must
be directed to or accompanied by a Transmittal Letter authorizing the Lender to use and rely upon the reports for financing purposes. All costs will be to the account of the Borrower. The Lender confirms that the ESA Phase 1 Reports relating to the
Properties dated September 15, 2011 prepared by Pinchin Environmental are acceptable for the purposes of satisfying the condition in this section. 
 The mortgage shall contain Schedule “A” as attached wherein the Borrower covenants and agrees that to the best of its knowledge, there has not been, there are not currently and there will not in
the future be any hazardous materials on each of the Properties, except for any hazardous materials which are handled or otherwise dealt with in accordance in all material respects with applicable law. 

 

	5.	ENGINEERING REPORT/BUILDING CONDITION REPORT 

 Receipt and satisfactory review by the Lender of an engineering report from an independent engineering firm acceptable to the Lender, confirming on each of the Properties the structural integrity of the
building, the roof system therein and of all operating systems. The engineering report must also verify that each of the Properties complies with the appropriate provincial and municipal regulations. The report must be directed to or accompanied by
a Transmittal Letter authorizing the Lender to use and rely upon the reports for financing purposes. All costs will be to the account of the Borrower. The Lender confirms that the Building Assessment Reports relating to the Properties dated
September 15, 2011 prepared by Pinchin Environmental are acceptable for the purposes of satisfying the condition in this section. 
  

	6.	INSURANCE 

 Evidence of
insurance in form and substance reasonably satisfactory to the Lender is required. Please see attached Schedule “B” for insurance requirements. Upon acceptance of this Commitment Letter, all insurance policies must be forwarded to the
Lender’s insurance consultants, at the following address, for their review and approval: 
 Intech Risk Management Inc.

 3 Church Street, Suite 400, 
 Toronto, ON M5E 1M2 
 Attention: Todd McCleave 

Telephone: (416) 348-9111 
 Fax: (416) 348-9121 
 Email: tmccleave@intechrisk.com 

The cost of the Lender’s insurance consultant’s review of the Borrower’ insurance shall be for the account of the Borrower
and may be deducted from an advance of funds under the Loan. Material changes to insurance coverage during the term of the Loan will, at the sole discretion of the Lender, require an additional review by the Lender’s insurance consultant. All
insurance review costs will be to the account of the Borrower. 

 Following is the name, address, and contact information of the employee at Vitran who can be
contacted by the Lender’s insurance consultant with respect to the Borrower’s insurance coverage: 
  

							
	 Name:
	  	Rod Mowat	  		  	
	 Address:
	  	1201 Creditstone Road, Concord, Ontario	  	
	 Phone:
	  	416-798-4965 ext. 5205	  	Fax:        416-596-8039	  	
	 E-mail:
	  	rodmowat@vitran.com	  		  	

 It is further understood and agreed that it is the responsibility of the Borrower and/or its Insurance
Broker to notify CMLS directly of any changes in coverage from the actual binder or certificates issued at the time of closing and release of funds. Please note that all insurance documentation after the loan funding date is to be submitted directly
to CMLS as follows: 
 Addressed to the Mortgagee 
 c/o CMLS Financial Ltd. 
 Suite 2110 - 1066 West Hastings Street, 

Vancouver, BC V6E 3X2 
 The Borrower shall be responsible for the cost of the review. 
  

	7.	PROPERTY INSPECTION 

 An
inspection of each of the Properties by an authorized representative of the Lender. 
  

	8.	PROPERTY TAX NOTICES 

 A
copy of the Current Year Property Tax Notices for each of the Properties (including interim and final tax bills) indicating no Taxes (as defined in the Mortgages) or utilities arrears or unpaid special levies. 

 

	9.	TITLE INSURANCE 

 A
commercial lenders’ title insurance policy from First Canadian Title in a form satisfactory to the Lender’s counsel may be required. The Borrower will be responsible for the cost of the insurance policy if required. 

Where the Borrower elects to provide a legal opinion on title to each of the Properties, such legal opinion may be provided by the
Borrower’s counsel or the Lender’s counsel, at the Borrower’s cost. The title opinion shall be in form and substance acceptable to the Lender in the Lender’s sole and absolute discretion. 

 

	10.	RECEIPT OF ATTACHED BORROWER(S) INFORMATION PACKAGE (SCHEDULE “C” THROUGH “G”) 

	11.	CORPORATE STRUCTURE 

 The
Lender’s counsel shall confirm to the Lender that Vitran Express Canada Inc. is the registered owner of the Properties and the ownership structure is as represented by the Borrower to the Lender. 

 

	12.	OTHER INFORMATION 

 Such
other reports or information as the Lender or Lender’s counsel may reasonably request. 
  

	13.	COUNSEL 

 The counsel
acting solely for the Lender in this transaction will be: 
 Fraser Milner Casgrain LLP - Attention: Charles Rich 

Suite 400, 77 King Street West 
 Toronto Dominion Centre 
 Toronto Ontario M5K 0A1 

Phone:                (416) 863-4606 

Fax:                    (416) 863-4592

 Email:                charles.rich@fmc-law.com

 The Borrower’s counsel shall be: 
 Name:                 Eric Friedman 
 Firm:                   McMillan LLP 
 Phone:                 (416) 307-4030 
 Fax:                     (416) 865-7048 

Email:                 eric.friedman@mcmillan.ca

  

	14.	SECURITY 

 Required
security for this financing shall include: 
  

	 	(a)	first freehold mortgages in favour of the Lender as recommended by Lender’s counsel, in the form of individual mortgages (collectively, the
“Mortgages” and each a “Mortgage”), cross-collateralized and cross-defaulted, creating a first fixed financial charge (subject to Permitted Encumbrances (defined below)) over the Properties in the amount of the Loan
to secure the Principal Amount, such freehold mortgage(s) to also be cross-defaulted and cross-collateralized with the first freehold mortgage or immovable hypothec secured by the property municipally known as 3333 Rue Joseph-Dubreuil, in Montreal,
Quebec; 

  

	 	(b)	guarantee(s) as outlined on page 1 of this Commitment Letter; 

  

	 	(c)	confirmation that in the event the Borrower elects to lease any of the Properties to an arm’s length third-party, the Lender shall have full approval rights to any
such lease; 

	 	(d)	a site specific general security agreement providing a first ranking charge on all present and after-acquired personal property used in the operation and management of
each of the Properties and the rents to be derived from each of the Properties, if any (specifically excluding any personal property used in the operation of the transportation business, such as, inventory, rolling stock and accounts receivable),
together with a financing statement in respect of the security interest created by the general security agreement; 

  

	 	(e)	assignment of all insurance policies pertaining to each of the Properties; 

 

	 	(f)	an assignment of all plans, specifications, rights to the architectural plans, permits, contracts, and other documentations pertaining to each of the Properties;

  

	 	(g)	priority agreements and postponement agreements from any party having a prior interest in each of the Properties or the personal property referred to in (d) above,
where applicable, each in a form satisfactory to the Lender and its counsel; and 

  

	 	(h)	such other security as the Lender and its counsel may reasonably deem necessary. 

 

	15.	FIRE WORK AND LEGALITY OF PROPERTY 

 Prior to advancing any funds, the Lender requires written confirmation that there are no outstanding work orders, notices or letters of non-compliance issued by any Governmental or Regulatory bodies
having jurisdiction over each of the Properties. 
  

	16.	ZONING BY- LAW & TITLE 

 All zoning by-laws and restrictive covenants must be complied with and title to each of the Properties and the registration of the Mortgage must be satisfactory to the Lender and its counsel. 

Title to each of the Properties must be acceptable to the Lender, in its sole discretion, and all security documents must be registered
and the Lender must be in receipt from its counsel of a satisfactory report on registration of the security documents, together with the Lender’s counsel’s confirmation that no adverse findings concerning the Borrower or the Covenantor(s)
in any department or agency of government which, in the Lender’s counsel’s opinion, could affect the security or priority of the Mortgage. 
 All other documentation pertinent to this transaction, as may be reasonably required by the Lender’s counsel, must be acceptable in substance and form to the Lender and its counsel. 

 

	17.	MATERIAL CHANGE 

 It is a
condition for disbursement of funds that (a) in the Lender’s opinion the financial position of the Borrower and the Covenantor(s), taken as a whole, and/or each of the Properties given as security, shall not have suffered any adverse
material change (a “Material Adverse Change”), (b) the Borrower’s representations and warranties shall be true and correct in all material respects at the time of disbursement, and (c) there shall not be any action,
suits, or pending proceedings against the Borrower, the Covenantor(s) or any of the Properties of which the Borrower has knowledge which could reasonably be expected to result in an Material Adverse Change. 

	18.	CLEAR TITLE 

 Confirmation
from the Lender’s counsel that title to each of the Properties is clear and no liens (other than Permitted Encumbrances) are registered prior to any Loan advance. For the purposes of this Commitment Letter, “Permitted
Encumbrances” shall have the meaning ascribed to such term in the Mortgages. 
  

	19.	AUTHORIZATION, DIRECTION AND CONSENT 

 Receipt by the Lender’s counsel of the authorization, direction and consent of all legal and beneficial owners of each of the Properties along with such opinions, certificates, resolutions and other
documentation as may be reasonably required by the Lender’s counsel as to due authorization, execution and delivery of all documentation required by the Lender and the enforceability of such documentation in accordance with its terms.

  

	20.	EXECUTION OF DOCUMENTS 

The Borrower and the Covenantor(s) agree to execute such documents, including each of the Mortgages and other security agreements, in a
form and containing provisions protecting the Lender’s rights as contemplated in this Commitment Letter as the Lender’s counsel shall require, acting reasonably. 

 

	21.	SURVEY (BC and Ontario Property) 

 Current surveys, reasonably acceptable to the Lender and its counsel, prepared by duly licensed surveyors shall be furnished to the Lender. These surveys shall show the dimensions of each of the
Properties, as well as the dimensions and location of all improvements, parking areas and easements (if any). If the survey certificates state they were prepared for the exclusive use of the Borrower or any other parties, letters of transmittal will
be provided to the Lender by the land surveyors, confirming that the Lender may rely on the survey certificates for financing purposes. Title Insurance is acceptable in lieu of surveys. 

 

	22.	REAL PROPERTY REPORT (Alberta Property) 

 A real property report, reasonably acceptable to the Lender and its counsel, prepared by a duly licensed surveyor shall be furnished to the Lender. This report shall show the dimensions of the Property,
as well as the dimensions and location of all improvements, parking areas and easements (if any). If the real property report states it was prepared for the exclusive use of the Borrower(s) or any other party, a letter of transmittal will be
provided to the Lender by the land surveyor, confirming that the Lender may rely on the real property report for financing purposes. Title Insurance is acceptable in lieu of a real property report. 

	23.	PRE-AUTHORIZED DEBIT FORM 

The attached Pre-Authorized Debit form contained in Schedule “E” is to be completed and returned with this signed Commitment
Letter. 
  

	24.	PROCEEDS OF CRIME (MONEY LAUNDERING) AND TERRORIST FINANCING ACT (CANADA) REGULATIONS 

The Borrower and the Covenantors confirm that each of them has consented and agreed to provide the Lender with such documentation and
information, including identification, as the Lender may require to ensure compliance with the above Legislation, and that the provision of such documentation and information shall be a pre-funding condition of the Loan. 

 

	25.	CORPORATE AND ENFORCEABILITY OPINIONS 

 With respect to the documents required to be delivered to the Lender by the Borrower(s) and any Covenantor(s), the Borrower’s counsel shall be required to provide the Lender and the Lender’s
counsel with its opinion regarding the registration of all personal property financings statement, the due authorization, execution, delivery, creation of security interest and enforceability, which opinion shall be in form and substance acceptable
to the Lender and the Lender’s counsel in their sole and absolute discretion. 
  

	26.	FEES 

 The Lender
acknowledges receipt from the Borrower upon signing of the Original Commitment Letter of a Standby Deposit in the amount of $392,250.00 made payable to the Lender and to be held by the Lender, without interest, to ensure the performance of the
Borrower’s obligations under this Commitment Letter, such Standby Deposit representing liquidated damages which the Lender, without prejudice to and in addition to any other remedy, is entitled to retain if the Loan transaction contemplated by
this Commitment Letter is not completed in accordance with its terms for any reasons other than the default of the Lender. If the losses, costs and damages suffered by the Lender exceed the amount of the Standby Deposit, the Lender shall be entitled
to seek compensation therefore in addition to retaining the Standby Deposit. If the Loan transaction contemplated by this Commitment Letter is completed in accordance with its terms, upon the first advance of the Loan, the Lender shall immediately
pay to the Borrower(s) an amount equal to the Standby Deposit amount without deductions or interest. 
  

	27.	CONTEMPORANEOUS CLOSING OF QUEBEC MORTGAGE LOAN 

 It is a condition of the completion of the transactions contemplated by this Commitment Letter that contemporaneously with the closing of the Loan hereunder, the Lender shall make a mortgage loan to
Expediteur T.W. Ltee in the principal amount of at least $6,500,000 secured by the property municipally known as 3333 Rue Joseph-Dubreuil, Montreal, Quebec on substantially the same terms as those set out herein (the “Quebec Loan”).
This condition is for the benefit of the Borrower, and in the event that the Quebec Loan does not close contemporaneously with the Loan, the Borrower shall have the option of terminating the Commitment Letter and the full amount of the Standby
Deposit, less reasonable out-of-pocket expenses incurred, without interest, shall be returned to the Borrower. 

 STANDARD TERMS AND CONDITIONS 

COMMITMENT EXPIRY 
 Time is of the
essence. The Loan must be advanced by the Commitment Expiry Date, as the same may be extended in accordance with the terms of this Commitment Letter. If the Loan is not advanced by the Commitment Expiry Date due to a failure on the part of the
Borrower to meet a condition precedent to disbursement of funds as set out in this Commitment Letter (unless such failure results from the Lender or its counsel not acting in a timely and reasonable manner), the Lender at its option may cancel this
Commitment Letter and retain the Standby Deposit. If the Lender extends the Commitment Expiry Date, the Borrower will pay, at the option of the Lender, a late disbursement fee. The late disbursement fee will be based on the Principal Amount and the
difference between the Interest Rate and the interest rate available to the Lender on short-term investments, for a duration equal to the time beyond the Commitment Expiry Date and the actual funding date. 

PROPERTY MANAGEMENT 
 The Borrower
shall at all times maintain professional property management of the Properties satisfactory to the Lender, in its sole discretion. Any changes in property management shall require the prior written consent of the Lender, not to be unreasonably
withheld or delayed, both as to the manager and the terms and conditions of the management agreement. The Borrower is acceptable to the Lender as the property manager of the Properties. 
 NO FURTHER ENCUMBRANCES 
 No further encumbrances subsequent to the Lender’s
registered security on each of the Properties, other than Permitted Encumbrances, shall be permitted without the prior written consent of the Lender, not to be unreasonably withheld. 
 REPAYMENT 
  

	1.	The Borrower shall pay the Principal Amount together with interest thereon in consecutive monthly installments of principal and interest to be determined at the
Interest Rate and in accordance with the amortization criteria set out in the “Amortization” section as follows: 

  

	 	(a)	on the Interest Adjustment Date, a payment of $5,104.63 being the interest due on the Principal Amount advanced computed at the Interest Rate from the date of advance
up to but excluding the Interest Adjustment Date; and 

  

	 	(b)	from and including the Interest Adjustment Date, monthly payments of $222,584.46 representing a portion of the Principal Amount and the total interest accrued and
outstanding at the Interest Rate computed from and including the Interest Adjustment Date based on a twenty-five (25) year amortization period shall become due and be paid in consecutive monthly instalments on the first day of each month, the
first payment of which shall be made on January 1, 2012 and the last payment of which shall be made on the first day of the month immediately preceding the Maturity Date; and 

	 	(c)	the outstanding Principal Amount shall be due in full on the Maturity Date or on such earlier date as the Principal Amount may be declared to be due and payable by the
Lender together with interest accrued and unpaid thereon. 

  

	2.	All monthly mortgage payments are to be made by way of automatic debit in accordance with the terms of the Pre-Authorized Debit form executed by the Borrower.

  

	3.	All installments received by the Lender shall be applied firstly against interest outstanding and secondly against the Principal Amount. 

 

	4.	All payments to be made by the Borrower pursuant to this Commitment Letter are to be “net” to the Lender and are to be made without set-off, compensation or
counterclaim, free and clear of and without deduction for or on account of any tax except for taxes on the overall net income of the Lender; if any tax not presently in existence is deducted or withheld from any payments made pursuant to this
Commitment Letter, the Borrower shall promptly remit to the Lender the equivalent of the amount of tax so deducted or withheld together with the relevant receipt addressed, if possible to the Lender provided that all such tax subsequently refunded
to the Lender will be remitted, as quickly as possible, by it to the Borrower; provided that in the event the Borrower is prevented by operation of law or otherwise from paying, causing to be paid or remitting such tax, the interest payable under
this Commitment Letter will be increased, if permitted by law, to such rates as are necessary to yield and remit to the Lender the Principal Amount together with interest at the rate specified in this Commitment Letter after provision for payment of
such tax. 

 PREPAYMENT PRIVILEGES 
  

	1.	The Borrower may repay the Loan in whole or in part, prior to the Maturity Date if the Borrower also pays to the Lender a compensating amount (the “Yield
Maintenance”), being the greater of: 

  

	 	(a)	three (3) months interest on the Principal Amount prepaid, calculated at the Interest Rate under the Loan; and 

 

	 	(b)	the amount which is equal to the positive number, if any, obtained by subtracting the amount prepaid from the present value of all monthly payments of interest,
including the Principal Amount and interest due at the Maturity Date, which would have been made under the Loan on and after the date of prepayment had such prepayment not been made, such present value to be based on the Discount Rate. The
“Discount Rate” shall mean the yield to a purchaser of a non-callable Government of Canada Bond, with a term to maturity approximately equal to the remaining term to the Maturity Date, had the Loan not been prepaid, as calculated by
the Lender as at the close of business on the Business Day immediately prior to the date of prepayment, expressed as a rate per annum, compounded semi-annually. 

 

	2.	Any such prepayment amount received by the Lender shall be applied firstly against Yield Maintenance, secondly against the interest outstanding and thirdly against the
Principal Amount. The portion of prepayment amount to be applied against the Principal Amount may be recorded as a repayment of any Allocated Amount and in any proportion as Vitran may elect in writing; provided that no prepayment amount may be
applied against the Allocated Amount of the ON Property until the Allocated Amounts for the BC Property and the AB Property are $0.00. 

	3.	After such prepayment is applied by the Lender as provided herein: (a) the Lender shall update the Allocated Amount and provide such information to the Borrower;
thereafter, each Allocated Amount in section “Principal Amount” shall automatically be amended to record and reflect such updated Allocated Amount, and (b) the monthly payments payable set out in the
“Repayment” section shall be re-calculated based on the Principal Amount then outstanding and the remainder of the amortization period. 

 PARTIAL RELEASE 
 The Borrower will have the right to release a Property from the
applicable Mortgage, with the exception of the ON Property, subject to the Lender’s approval, being reasonable, based on the following: 
  

	1.      (a)	the Lender receives (i) 110% of the outstanding Allocated Amount under the section “Principal Amount” to the applicable Property, taking into
account all principal repayments made prior to the date of release, to be applied to the outstanding Principal Amount; (ii) accrued interest and all other sums due on the Allocated Amount of the applicable Property; and (iii) the Yield
Maintenance on the Allocated Amount of the applicable Property; or 

  

	 	(b)	the Lender receives as substitute security, a first mortgage charge on a property similar to the Property being released, with an appraised value at least equal to the
appraised value of the Property being released as at the original funding date and the Borrower provides property information as reasonably requested by the Lender, including an appraisal, a phase 1 ESA and a building condition report and all other
items listed in the “Conditions Precedent to Funding” section; and 

  

	2.	The Borrower pays all of the Lender’s reasonable expenses relating to the release, including reasonable counsel fees, if applicable. 

TIME OF PAYMENTS 
 In the event
that any payment permitted or required to be made under this Commitment Letter or any other Loan Documents is made after 10:00am Pacific Time (“PT”), on any payment date, that payment will be deemed to have been made on the next
following Business Day. For the purposes of this Commitment Letter, “Business Day” means any day that is not a Saturday, Sunday or other day on which commercial banks in Toronto, Ontario or Vancouver, British Columbia and Edmonton,
Alberta are authorized or required by law to remain closed. 
 SECURITY REGISTRATION 

Neither the preparation nor the registration of any of the security documents contemplated in this Commitment Letter shall bind the Lender to advance
funds. 

 ESCROW FUNDS 
 Should the Lender collect escrow funds or retain a holdback from any advance, such funds will be held by the Lender without benefit of interest to the Borrower. 

BENEFIT OF LOAN FUNDS 
 The
Borrower represents, warrants and covenants that all advances (or re-advances if applicable) under the Loan will be for the sole account, benefit and use of the Borrower for the purpose stipulated in this Commitment Letter, unless the Lender
provides its approval, in writing, that advances (or re-advances if applicable) may be for the account, benefit and use of a third party other than the Borrower, which approval may be unreasonably withheld at the Lender’s sole discretion.

 CANCELLATION CLAUSE 

This Commitment Letter may be cancelled at the Lender’s option if any of the conditions set out herein are not complied with or if any of the
requirements of the Lender’s counsel are not satisfactorily fulfilled by the Commitment Expiry Date. 
 FINANCIAL REPORTING

 The Borrower and Corporate Covenantor(s) shall provide the Lender with prepared financial statements all satisfactory to the Lender in
form and content, prepared in accordance with U.S. GAAP, within 120 days of each fiscal year-end for the Borrower and Covenantor(s). Financial statements shall be accompanied by a current rent roll (in the event any part of a Property becomes
subject to a lease(s)), balance sheet and a detailed income statement for the Borrower and Covenantor(s) (if any) and an operating statement for each Property mortgaged to the Lender. 
 PROPERTY TAXES 
  

	1.	The Lender reserves the right to deduct monies from the Loan to pay all Taxes (as defined in the Mortgages) (including penalties, interest and unpaid utilities if
applicable) due or coming due within 60 days of the advance of the Loan. Notwithstanding, the Lender shall permit the Borrower to pay the Taxes for each of the Properties. The Lender will waive the requirements for monthly Tax installments on the
condition that the Borrower: 

  

	 	(a)	pays each Loan payment and all other monies due under the Loan promptly when due; 

 

	 	(b)	submits copies of the tax receipts to the Lender within 60 days of each due date to confirm payment of Taxes. If the Borrower does not submit tax receipts as required
and the Lender requests tax receipts from the taxing authority, all costs incurred by the Lender in obtaining the receipts will be for the Borrower’s account; 

 

	 	(c)	is not otherwise in default under any of the Loan Documents; and 

  

	 	(d)	authorizes the taxing authority to release all information relevant to Taxes to the Lender as required. 

	2.	In the event that the Borrower does not comply with the conditions and requirements set out above in this section, then: 

 

	 	(a)	the Borrower shall pay to the Lender in instalments on the dates on which instalments of principal and interest are payable pursuant to this Commitment Letter, sums
sufficient to enable the Lender to pay the whole amount of Taxes on or before the due date for payment thereof or, if such amount is payable in instalments, on or before the due date for payment of the next instalment thereof;

  

	 	(b)	where the period between the date of the advance of the Principal Amount and the next following annual due date or first instalment due date for Taxes is less than one
year, the Lender may, at the Lender’s option, require the Borrower to pay to the Lender in equal instalments, on each date on which an instalment of principal and interest is payable pursuant to this Commitment Letter, during such period and
during the next succeeding twelve months’ period, an amount estimated by the Lender to be sufficient to pay, on or before the expiration of the said twelve months’ period, all Taxes which shall become due and payable during the said two
(2) periods and during the balance of the calendar year in which the said twelve months’ period expires; and the Borrower shall also pay to the Lender on demand the amount, if any, by which the actual Taxes exceed such estimated amount;
and 

  

	 	(c)	subject to the immediately preceding subsection, the Borrower shall pay to the Lender on each date on which an instalment of principal and interest is payable pursuant
to this Commitment Letter one-twelfth of the annual amount (as estimated by the Lender) of the Taxes becoming due and payable during the next succeeding year after such instalment due date and the Borrower shall also pay to the Lender on demand, the
amount, if any, by which the actual Taxes exceed such estimated amount. 

 Notwithstanding anything in this “Property
Tax” section, the Borrower shall promptly pay or cause to be paid as they become due all taxes, rates, duties, charges, impositions, levies and assessments whatsoever whether municipal, parliamentary, school or otherwise, and whether
general or special, ordinary or extraordinary, which are from time to time levied, imposed or assessed against or on account of any of the Properties or any part or parts thereof or any interest therein directly to the applicable government
authority and the Borrower shall provide to the Lender evidence (acceptable to the Lender) of payment thereof within five (5) Business Days after such taxes, rates, duties, charges, impositions, levies and assessments are due. 

DISBURSEMENT 
 Prior to the
disbursement of the Loan, the Mortgage shall be registered, the Properties shall be free and clear of all liens, charges and other encumbrances (save and except (i) any existing charge to be paid out and discharged from the Loan advance and
Permitted Encumbrances) and all other terms and conditions of this Commitment Letter shall have been satisfied. 
 INSURANCE

  

	1.	 In the event the Borrower fails to effect or maintain or cause to be effected or maintained any insurance required herein, the Lender may effect or
maintain such insurance and, without obligation to do so, insure the Properties or any part or parts thereof for such amount or 

	 	
amounts as the Lender may from time to time deem expedient and the amount of any premiums paid to effect or maintain such insurance shall be payable by the Borrower on demand and shall bear
interest at the rate calculated and payable in the same manner as interest on the Principal Amount from the date of such payment by the Lender until paid, and the Borrower covenants to repay to the Lender on demand all of the premiums so paid. No
effecting of insurance by the Lender shall diminish or derogate in any way from the obligation of the Borrower to effect and maintain insurance required herein. The Borrower shall deliver to the Lender evidence of payment of all premiums and other
sums of money payable for effecting or maintaining the insurance required herein and shall deliver to the Lender, on a best efforts basis, at least 10 days and in no event less than 2 Business Days prior to the expiration of any such insurance
policy, certificates with respect to any renewal policies. If such renewal policy is different from the certified policy so expiring or if such renewal insurance shall be arranged with another insurer, such policy and insurer shall be subject to
review and approval by an insurance consultant selected by the Lender, all at the cost of the Borrower. 

  

	2.	Nothing contained herein shall be deemed to hold the Lender responsible for failure to cause insurance to be obtained or maintained or for any loss arising as a result
of any defect in any policy or as a result of any insurer failing to pay for any damage or loss insured against. 

  

	3.	The Borrower shall not do or suffer anything whereby any insurance policies may be vitiated. 

 

	4.	The Borrower shall forthwith on the happening of any loss or damage at its expense furnish all necessary proofs and do all necessary acts to enable the Lender to obtain
payment of the insurance moneys and the Borrower shall release any interest it may have in the proceeds thereof. 

  

	5.	In the event that any policy or policies of insurance relating to any of the Properties contains any co-insurance clauses, the Borrower shall maintain or cause to be
maintained at all times a sufficient amount of such insurance to meet the requirements of any such co-insurance clause so as to prevent the Borrower from becoming a co-insurer under the terms of such policy or policies. 

 

	6.	All proceeds of insurance received by the Lender in respect of any damages to all or any one or more of or any part of the Properties shall be held by the Lender as
part of the security under any Loan Document, and so long as a Default or Event of Default (as defined below) shall not have occurred and be continuing (in which event all such proceeds shall be used to pay the Principal Amount, interest thereon,
all other amounts then owing to the Lender including, without limitation, the Yield Maintenance shall be dealt with as follows: 

  

	 	(a)	if insurance proceeds in respect of any one occurrence or multiple occurrences with an aggregate cumulative amount in any consecutive twelve (12) month period is
equal to or is less than: $3,331,250 for the BC Property, $1,218,750 for the AB Property or $5,256,250 for the ON Property (collectively, the “Insurance Limits” and each an “Insurance Limit”) and less than 50% of
the usable space for the applicable Property is destroyed or damaged, then the insurance proceeds shall be paid to the Borrower and shall be applied by the Borrower towards the restoration, repairing or rebuilding the applicable Property and the
Borrower shall forthwith give notice thereof to the Lender which notice shall set forth the Borrower’s estimate of the date by which the restoration, reconstruction or replacement can be effected and completed; the Borrower shall also provide
such other evidence as the Lender may reasonably require with respect to such restoration, reconstruction or replacement; 

	 	(b)	if insurance proceeds in respect of any one occurrence or multiple occurrences with an aggregate cumulative amount in any consecutive twelve (12) month period is
in excess of the Insurance Limit for the applicable Property and less than 50% of the usable space for the applicable Property is destroyed or damaged, then the insurance proceeds shall be retained by the Lender and the Borrower shall advise the
Lender in writing (the “Repair Notice”) within ninety (90) days of the date of occurrence of the damage or destruction whether the Borrower wishes to use such insurance proceeds to pay or prepay the Principal Amount, interest
thereon, and all other amounts then owing to the Lender including, without limitation, the Yield Maintenance, or to use such proceeds to restore, repair or rebuild (collectively, the “Repair”) the Property destroyed or damaged. If
the Borrower wishes to Repair the Property destroyed or damaged, it shall provide the Lender with all information which the Lender may reasonably require to consider the Borrower’s proposal and so long as: (i) the Lender is satisfied,
acting reasonably, that the amount of insurance proceeds together with such other funds as the Borrower has indicated in the Repair Notice as available to it for the Repair are sufficient to make and complete the Repair, and (ii) the
Borrower’s proposal is acceptable to the Lender, acting reasonably, then the Lender shall permit the Borrower to use the insurance proceeds to Repair the Property damaged or destroyed. If the Lender agrees to permit the Borrower to use such
proceeds to Repair the Property damaged or destroyed, then the insurance proceeds shall be payable in the manner set out in paragraph 6(d) of this “Insurance” section so long as no Default or an Event of Default shall have occurred
and be continuing (in which event all such proceeds shall be used to pay or prepay the Principal Amount, interest thereon, and all other amounts then owing to the Lender including, without limitation, the Yield Maintenance); or

  

	 	(c)	 if insurance proceeds in respect of any one occurrence or multiple occurrences with an aggregate cumulative amount in any consecutive twelve
(12) month period is in excess of the Insurance Limit for the applicable Property and 50% or more of the usable space for the applicable Property is destroyed or damaged, then the insurance proceeds shall be retained by the Lender and the
Borrower shall deliver to the Lender a Repair Notice within ninety (90) days of the date of occurrence of the damage or destruction indicating whether the Borrower wishes to use such insurance proceeds to pay or prepay the Principal Amount,
interest thereon, and all other amounts then owing to the Lender including, without limitation, the Yield Maintenance, or to use such proceeds to Repair the Property destroyed or damaged. If the Borrower wishes to Repair the Property destroyed or
damaged, it shall provide the Lender with all information which the Lender may reasonably require to consider the Borrower’s proposal and the Lender undertakes to advise the Borrower in writing within thirty (30) days of receipt of the
Borrower’s notice of intention to Repair whether the Lender, in its sole discretion, is prepared to permit the Borrower to use such proceeds to Repair the Property damaged or destroyed or requires that such proceeds be used to pay or prepay the
Principal Amount, interest thereon, and all other amounts then owing to the Lender including, without limitation, the Yield Maintenance. If the Lender agrees to permit the Borrower to use such proceeds to Repair the Property damaged or destroyed,
then the insurance 

	 	
proceeds shall be payable in the manner set out in paragraph 6(d) of this “Insurance” section so long as no Default or an Event of Default shall have occurred and be continuing
(in which event all such proceeds shall be used to pay or prepay the Principal Amount, interest thereon, and all other amounts then owing to the Lender including, without limitation, the Yield Maintenance); 

 

	 	(d)	If any Repair is permitted pursuant to the terms of paragraph 6(b) or 6(c) of this “Insurance” section, then prior to commencing any Repair:

  

	 	(i)	the Borrower will submit or cause to be submitted to the Lender the plans and specifications pertaining thereto for the approval of the Lender, which approval will not
be unreasonably withheld or delayed unless the Repair, will result in a material adverse change to the use or value of the applicable Property, the building(s) and other improvements thereon, or its revenue producing capability (if any), or will
impair or adversely affect the Lender’s security interest therein; and 

  

	 	(ii)	the Lender shall upon the request of the Borrower but in any event no more frequently than monthly on the last Business Day of each month, pay over to the Borrower from
any insurance proceeds received by the Lender in amounts sufficient to reimburse the Borrower for such costs and expenses incurred and paid by the Borrower for the Repair (after withholding any amounts required as holdbacks pursuant to the
Construction Lien Act (Ontario) or similar legislation in the jurisdiction where the damaged or destroyed Property is located after all applicable lien periods have expired) and upon delivery to the Lender of the following:

  

	 	A.	a certificate of a senior officer of the Borrower (the “Officer’s Certificate”) stating the monies required in reimbursement for the costs and
expenses incurred by the Borrower to effect the Repair and describing such Repair and stating the amount expended; 

  

	 	B.	a certificate of an independent engineer, cost consultant or architect selected by the Borrower and approved by the Lender noting the date of completion of the Repair
and certifying (the “Independent Certificate”): 

  

	 	I.	as to accuracy of the hard costs set forth in the Officer’s Certificate and as to the holdbacks retained or required to be retained pursuant to the Construction
Lien Act (Ontario) or similar legislation in the jurisdiction where the damaged or destroyed Property is located; 

  

	 	II.	the Repair has been completed in accordance with the plans and specifications therefore and in compliance in all material respects with all provisions of all regional,
municipal and other governmental approvals, permits and consents obtained and with all zoning and building by-laws and regulations of any authorities having jurisdiction applicable thereto; and 

	 	III.	the signer of such Independent Certificate has no knowledge of any infraction of any other laws, by-laws or regulations (if any) applicable to the Repair which in the
opinion of such signer is material; provided that such Independent Certificate may make an exception as to matters, if any, which relate to the interpretation or application of the provisions of such approvals, permits, consents, laws, by-laws or
regulations referred to above which are currently under discussion with public officials and which in the opinion of the signer do not adversely affect the use of a Property for the purposes for which it is intended to be used and such other
evidence, if any, as the Lender may require in support of such statement; 

  

	 	C.	evidence satisfactory to the Lender that the Borrower has paid, or has made arrangements satisfactory to the Lender to provide payment of, the total cost of the Repair
and all costs and expenses incidental thereof and, if any policy or policies of insurance the proceeds of which shall have been received by the Lender shall be deductible insurance, evidence satisfactory to the Lender that the Borrower has paid the
full deductible amount in payment of costs and expenses incidental to the Repair; 

  

	 	D.	evidence satisfactory to the Lender that the Repair is in accordance with the provisions (if and to the extent applicable) pertaining thereto of any material agreement
relating to the applicable Property and Permitted Encumbrances; 

  

	 	E.	an opinion of the Lender’s counsel that the Property so Repaired is subject to the security constituted by the applicable Mortgage free and clear of all mortgages,
charges, liens, encumbrances and security interests (other than Permitted Encumbrances) ranking prior to or pari passu with the security constituted under the applicable Mortgage; 

 

	 	(e)	the balance of insurance proceeds in excess of the amount expended by the Borrower in the Repair and paid to the Lender shall be paid over by the Lender to the
Borrower, subject to the rights of any other Person (as defined in the Mortgages) thereto under the terms and conditions of the policies of insurance under which such proceeds have been paid. 

 

	7.	 Notwithstanding anything to the contrary contained herein, the Lender may, at its option, apply, in accordance with paragraph 10 of this
“Insurance” section, any insurance proceeds held by it pursuant to the provisions herein to the prepayment or repayment of the Principal Amount, interest thereon, and all other amounts then owing to the Lender including, without
limitation, the Yield Maintenance: (i) at any time after the occurrence of any Default or Event of Default; or (ii) if within twelve (12) months of the date of the loss, damage or event in respect of which such insurance proceeds
become payable either: (A) such insurance proceeds have not been applied to Repair the Property damaged or destroyed; or (B) the Lender shall not have received evidence satisfactory to it that the Borrower has made arrangements for the
Repair within a 

	 	
reasonable period of time, having regard to the circumstances (provided, however, that if the Lender shall have received such evidence, then such twelve (12) month period may be extended by
the Lender, at its sole discretion, by the period contemplated by such arrangements). 

  

	8.	Any proceeds of insurance received and held by the Lender pursuant to this section shall, until disbursed by the Lender pursuant to this section or until applied by the
Lender to the prepayment or repayment of the Principal Amount, interest thereon, and all other amounts then owing to the Lender including, without limitation, the Yield Maintenance as aforesaid, whichever occurs first, be placed in an account and
interest paid monthly thereon shall be held to the benefit of the Borrower at the interest rate in effect for such account from time to time. 

  

	9.	The Borrower covenants and agrees that until the Principal Amount, interest thereon, and all other amounts then owing to the Lender including, without limitation, the
Yield Maintenance is paid in full, if any of the Properties or any part or parts thereof is totally or partially destroyed or damaged by any cause whatsoever, the Borrower, shall promptly after any such damage or destruction, commence and proceed
with, or cause to be commenced and proceeded with, the Repair of the damaged or destroyed Property and the Borrower, with all due diligence, shall Repair, or cause to be Repaired, such Property and replace, or cause to be replaced, the improvements
with other buildings of the same type and character and to as good a condition as those so damaged or destroyed. The Borrower acknowledges and agrees that it has the obligation to Repair as set out herein regardless of the sufficiency of insurance
proceeds payable in respect of damage or destruction to all or any part of the improvements and buildings; except: 

  

	 	(a)	if, pursuant to paragraph 6(b) or 6(c) of this “Insurance” section (other than in the case of a Default or an Event of Default), the Lender requires
that the insurance proceeds be used to pay or prepay the Principal Amount, interest thereon, and all other amounts then owing to the Lender including, without limitation, the Yield Maintenance instead of permitting the use of such insurance proceeds
to Repair the Property destroyed or damaged; or 

  

	 	(b)	if the Borrower elects not to Repair a damaged or destroyed Property pursuant to paragraph 6(b) or 6(c) of this “Insurance” section.

 Notwithstanding anything to the contrary contained herein, in the event that the Borrower elects not to Repair a
damaged or destroyed Property as set out in paragraph 6(b) or 6(c) of this “Insurance” section, then the Lender shall apply the proceeds of insurance to repay or prepay all or any portion of the Principal Amount in accordance with
paragraph 10 of this “Insurance” section and the Borrower shall pay to the Lender an amount equal the shortfall amount between the insurance proceeds received by the Lender for the applicable Property and 110% of the outstanding
Allocated Amount of the applicable Property, taking into account: (i) all principal repayments made prior to the date of repayment or prepayment, to be applied to the outstanding Principal Amount; (ii) accrued interest and all other sums
due on the Allocated Amount of the applicable Property; and (iii) the Yield Maintenance on the Allocated Amount of the applicable Property. 
  

	10.	If and to the extent that the Lender uses the proceeds of insurance to repay or prepay all or any portion of the Principal Amount: 

 

	 	(a)	such repayment or prepayment shall be applied firstly against Yield Maintenance, secondly against the interest outstanding and thirdly to reduce the Allocated Amount of
the Property which gave rise to the insurance proceeds; 

	 	(b)	after such insurance proceeds is applied by the Lender as provided herein, the Lender shall update the Allocated Amount and provide such information to the Borrower;
thereafter, the Allocated Amount in section “Principal Amount” for the applicable Property shall automatically be amended to record and reflect such updated Allocated Amount; and 

 

	 	(c)	after any repayment or prepayment in accordance with the provisions of this section, the monthly payments payable set out in the “Repayment” section shall be
re-calculated based on the Principal Amount then outstanding and the remainder of the amortization period. 

  

	11.	The Borrower covenants and agrees to obtain from financially responsible insurance companies and to duly and punctually pay or cause to be paid all premiums and other
sums of money payable for effecting and maintaining all insurance on the Properties as required and set out in Schedule “B”. 

 EVENTS OF DEFAULT 
 At the option of the Lender, the Loan shall become payable, the
security interest in the Mortgages and any other security document granted to the Lender shall become enforceable and the Lender may, among other things, require the Borrower and the Covenantors (collectively, the “Obligors” and
each an “Obligor”) or any one of them to immediately pay the entire Principal Amount, interest thereon, and all other amounts then owing to the Lender including, without limitation, the Yield Maintenance in each and every of the
following events (an “Event of Default”): 
  

	1.	Failure by an Obligor to pay the principal and/or interest on the Loan when due and such failure shall continue for three days following the due date thereof;

  

	2.	Failure by an Obligor to comply with any other terms and conditions of this Commitment Letter, any of the Mortgages or any of the other documents and agreements in
connection with the Loan delivered to the Lender by the Obligors or any of them (as each is amended, restated, supplemented or otherwise modified from time to time) (collectively, “Loan Documents”, and each a “Loan
Document”), within 10 Business Days of receiving notice of such failure (provided that, if in the case of non-monetary defaults, rectification cannot reasonably be expected to be made within such 10 Business Day period, then within a
reasonable period of time thereafter provided that an Obligor commences such rectification within the said 10 Business Days and thereafter diligently pursues such rectification); provided that the grace period given in this section does not apply to
the failure to comply with terms and conditions of any of the Loan Documents that is the subject of another event of default in this section; 

  

	3.	 Without the prior written consent of the Lender as required by any Loan Document (such consent not to be unreasonably withheld or delayed), a
transaction resulting in an Obligor or its undertaking and assets being transferred as an entirety or substantially as an entirety to any Person, including a direct or indirect sale, conveyance, transfer or other disposition of all or any of the
shares in the capital of the Borrower or ETW or all or substantially all of the shares in the 

	 	
capital of Vitran or a change in control of an Obligor (whether directly by the sale, transfer of shares or otherwise by way of a consolidation, merger, amalgamation or other reorganization of an
Obligor or by way of the sale, conveyance, transfer or other disposition of any interest or any part thereof) except for: 

  

	 	(a)	any such sale, conveyance, transfer or other disposition whereby the Borrower or ETW continues to be controlled, directly or indirectly, by Vitran; or

  

	 	(b)	any such sale, conveyance, transfer or other disposition whereby a Covenantor or any of its assets, property and undertaking is transferred to another entity and a
replacement guarantee and security agreement from another covenantor with substantially equivalent creditworthiness (as determined by the Lender, acting reasonably) is provided to the Lender prior to or at the same time as such sale, conveyance,
transfer or other disposition. 

 For the purposes hereof, “control” shall have the meaning
ascribed thereto in the Business Corporations Act (Ontario). 
  

	4.	The creation of any other encumbrances charging any of the Properties, other than Permitted Encumbrances, not in accordance with the terms of the Loan Documents;

  

	5.	If there is a Material Adverse Change; 

  

	6.	If any of the representations or warranties made by any Obligor in the application for the Loan, in any document or certificate delivered pursuant hereto or in any Loan
Documents is incorrect, false or misleading in a material respect; 

  

	7.	If any of the Properties are abandoned for a period exceeding 15 consecutive days; 

 

	8.	If an order is made or a resolution is passed for the winding-up, liquidation or dissolution of an Obligor, or if a petition is presented or filed for the winding-up of
an Obligor, whether pursuant to the Winding-up and Restructuring Act (Canada) or otherwise and such application is not stayed or dismissed within 30 days of the presentation of filing thereof; 

 

	9.	If an Obligor ceases or threatens to cease to carry on business, makes a bulk sale of its assets, or if the Borrower directly or indirectly sells, conveys, transfers or
attempts to dispose of, sell, convey or transfer any of the Properties or any part or parts thereof or any of its interest therein, or if a receiver or trustee for an Obligor or any of its property or assets is appointed (whether privately or by
court order); 

  

	10.	If an involuntary proceeding shall be commenced or an involuntary application shall be filed seeking (i) liquidation, reorganization or other relief in respect of
an Obligor or its debts, or of a substantial part of its assets, under any federal or provincial bankruptcy, insolvency, receivership or similar law now or hereafter in effect or (ii) the appointment of a receiver, interim receiver, trustee,
custodian, sequestrator, monitor, administrator, conservator or similar official for any Obligor or for a substantial part of its assets, and in any such case, such proceeding or application shall continue undismissed or unstayed for 30 days or an
order or decree approving or ordering any of the foregoing shall be entered; 

	11.	If any Obligor shall (i) voluntarily commence any proceeding or file any application seeking liquidation, reorganization or other relief under any federal or
provincial bankruptcy, insolvency, receivership or similar law now or hereafter in effect, (ii) consent to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or application described in paragraph 10 of
this Section, (iii) apply for or consent to the appointment of a receiver, interim receiver, trustee, custodian, sequestrator, monitor, administrator, conservator or similar official for such Obligor or for a substantial part of its assets,
(iv) file an answer admitting the material allegations of an application filed against it in ay such proceeding, (v) make a general assignment of benefit of creditors or (vi) take any action for the purpose of effecting any of the
foregoing; 

  

	12.	If an execution or any other process of any court becomes enforceable against an Obligor or if a distress or analogous process is initiated or levied against or upon
any of the Properties or any part thereof; 

  

	13.	If an Obligor permits any sum which has been admitted as due by an Obligor or is not disputed to be due by it and which forms or is capable of being made a charge on
any Property or any part thereof in priority to the Lender’s security interest to remain unpaid after proceedings have been taken to enforce such charge; 

 

	14.	If an Obligor defaults in the observance or performance of any provision relating to the indebtedness or liability of such Obligor to any Person (other than the Lender)
in excess of $7,500,000 which default, after the expiry of any cure period with respect thereto, results in acceleration of such indebtedness or liability before its scheduled maturity date, or such Obligor fails to pay such indebtedness or
liability on its scheduled maturity date; 

  

	15.	If any licence, permit or approval required by any law, regulation or governmental policy or any governmental agency or commission for the operation of the business of
an Obligor or any of the Properties shall be withdrawn or cancelled and a replacement, reinstatement or reissuance of the applicable licence, permit or approval for the operation of the business of an Obligor or any of the Properties has not
occurred within 60 days after such withdrawal or cancellation; 

  

	16.	If an Event of Default (under and as defined in the amended and restated commitment letter dated of as the date hereof issued by the Lender and accepted by ETW, as
borrower, and Vitran and the Borrower, as covenantors) occurs; 

  

	17.	If there is any contamination placed, held, located or disposed of on, under or at any of the Properties that exceeds the criteria related thereto set out under any
Environmental Laws (as defined in the Mortgages) which is required to be remediated by any applicable Governmental Authority; 

  

	18.	If any Obligor denies, to any extent, its obligations hereunder or under the other Loan Documents or if any Obligor claims that such obligations are invalid in whole or
in part; 

  

	19.	If any Loan Document is determined by a court of competent jurisdiction to be invalid or unenforceable by the Lender in whole or in part, or is invalidated in whole or
in part and such Loan Document is not, at the request of the Lender, replaced within 30 days with a legal, valid, binding and enforceable document equivalent thereto in form and substance acceptable to the Lender; provided that such 30 day cure
period shall only be available if the Obligors actively co-operate with the Lender in creating such replacement Loan Document; 

	20.	If, at any time after execution and delivery thereof, the validity or enforceability of this Agreement or any other Loan Document is contested by an Obligor or an
Obligor denies in writing that it has any or further liability or obligations under any Loan Document; 

  

	21.	If any of the Security Interest (as defined in the Mortgages) ceases to be a valid and perfected charge or security interest, subject to Permitted Encumbrances, and the
default is not cured to the satisfaction of the Lender within 5 days, or such longer period as may be required to cure such default after the earlier of: (i) notice of such default is provided by the Lender to the Borrower; or (ii) any of
the Obligors becomes aware of such default; or 

  

	22.	If the Lender receives a notice of cancellation of insurance from an insurer which notice is not retracted forthwith following receipt or replacement insurance which
complies with the requirements of the Lenders set out in Schedule “B” under this Commitment Letter is not put in place on or before the expiry date of coverage of such insurance. 

AUTHORIZATION AND DIRECTION OF MORTGAGE PROCEEDS 
 If at the time of any advance of the Loan, there is a mortgage, security interest, or other financial encumbrance (each a “Charge”) registered or existing against title to any of the
Properties or in the Personal Property Security Registry which is not permitted by the Lender, the Lender may require that its counsel apply any or all of the proceeds of the advance to pay out such Charge on behalf of the Borrower by payment
directly to the holder thereof. If such payout is required, the Borrower will irrevocably direct and authorize the Lender and its counsel to make such pay-out and agrees to obtain and register discharges of any such Charge as soon as possible after
such pay-out provided that the executed discharge of any private mortgage must be delivered in registrable form in exchange for such pay-out. In signing this Commitment Letter, the Borrower authorizes the Lender to pay the balance of the mortgage
proceeds directly to the Borrower’s counsel. 
 APPLICATION OF PROCEEDS 

Except as herein otherwise expressly provided, the moneys arising from the possession by the Lender of the Properties or from any sale or realization of
the whole or any part of the Properties (except by foreclosure) pursuant to any proceedings following the occurrence of an Event of Default, whether under any sale by the Lender or by judicial proceedings or otherwise, shall be applied first to pay
or reimburse to the Lender the costs, charges, expenses, advances and compensation of the Lender incurred in taking, recovering, preserving, protecting and keeping possession of the Properties or generally in any other proceedings taken hereunder in
connection with or to realize upon the security hereof, with interest thereon as herein provided, and all Taxes, utility charges, and other charges ranking pari passu with or in priority to the Lender’s security interest in the Properties, and
the residue of the said moneys shall be applied first in or towards payment of accrued interest due and payable, second in or towards payment of the Principal Amount due and payable, third in or towards payment of other moneys (if any) due and
payable to the Lender pursuant to this Commitment Letter or any of the other Loan Documents, fourth to all Persons (if any) other than the Borrower entitled thereto by law and the surplus (if any) of such moneys shall be paid to the Borrower or its
successors or assigns. 

 NON-MERGER 
 It is understood and agreed that the execution, delivery and registration of the Mortgages and other security shall in no way extinguish this Commitment Letter or the terms and conditions hereof which
shall survive and continue in full force and effect. 
 In the event of any conflict, inconsistency, ambiguity or difference between any
provisions of this Commitment Letter and any other Loan Document, the applicable provisions of the Commitment Letter shall govern and be paramount and any such provision of the other Loan Document shall be deemed to be amended to the extent
necessary to eliminate any such conflict, inconsistency, ambiguity or difference. Notwithstanding the foregoing, (i) if there is any provision set out in this Commitment Letter or any part thereof which is not set out or provided for in the
other Loan Document or vice versa, such additional provision shall not constitute a conflict, inconsistency, ambiguity or difference, and (ii) a provision in this Commitment Letter and a provision in the other Loan Document shall not be
considered to be inconsistent if both relate to the same subject matter and the provision in one imposes more onerous obligations or restrictions than the corresponding provision in the other document in which case the more onerous and restrictive
provision, where ever contained, shall prevail. 
 WAIVER 
 The Lender’s failure to insist upon strict performance of any obligation or covenant in any Loan Document by the Borrower or to exercise any option or right herein shall not be a waiver for the
future of such obligations or covenant, but the same shall remain in effect and the Lender shall have the right to insist upon strict performance by the Borrower of any and all of the terms of the Loan Documents. 

INTERPRETATION OF CONTRACT 
 This
Commitment Letter shall be governed by the laws of the Province of Ontario and the federal laws of Canada applicable therein. 

CONDITIONS 
 All conditions of the
obligation of the Lender to make advances are imposed solely for the benefit of the Lender and its assigns and any or all of such conditions of the obligation of the Lender to make advances, may be waived in whole or in part at any time in its
discretion it deems it advisable to do so. 
 PERSONAL INFORMATION 
 Canada’s Personal Information Protection and Electronic Documents Act (the “PIPEDA”), is intended to protect the confidentiality of information about an identifiable individual that
is recorded in any form (“Personal Information”). 
 By evidence of their respective signatures to this Commitment Letter, each
signatory to this Commitment Letter hereby expressly consents and authorizes the Lender to collect, use, or disclose to third parties its Personal Information as required and as permitted pursuant to the PIPEDA or other laws. Such third parties may
include mortgage loan investors, mortgage loan trustees, law firms, insurance companies, credit bureaus or other third parties involved in the mortgage loan industry. 

 A copy of the Lender’s privacy policy or procedures may be obtained by contacting the Lender’s
Chief Privacy Officer at its Vancouver offices. 
 COMMITMENT NOT TRANSFERABLE OR ASSIGNABLE 

This Commitment Letter may not be transferred or assigned without the Lender’s express written consent and approval not to be unreasonably withheld
or delayed. Any request to transfer or assign this Commitment Letter must be in compliance with the terms of the Loan Documents and accompanied by such information and documentation as may be reasonably requested by the Lender. The Lender (and its
successors and assigns) may, at its sole discretion and without notice to or the consent of the Borrower or any Covenantor(s), assign, sell or transfer the Loan, this Commitment Letter and the other Loan Documents, in whole or in part, and the
Borrower and Covenantor(s) hereby consent to the disclosure by the Lender on strictly confidential basis to any such assignee, transferee or participant of all information and documentation regarding the Loan, the Properties, the Borrower and the
Covenantors within the possession and control of the Lender. 
 CONSENT TO DISCLOSURE 

Each of the Borrower and Covenantor(s) acknowledges and agrees that the Loan (or securities or certificates backed by or representing any interest in the
Loan or a pool of loans which includes the Loan) may be sold or securitized into the secondary market without restriction and without notice to or the consent of the Borrower or any Covenantor(s). The Lender may release, disclose, exchange, share,
transfer and assign from time to time on a strictly confidential basis, as it may determine in its sole discretion, all information and materials (including financial statements and information concerning the status of the Loan, such as existing or
potential Loan defaults, lease defaults or other facts or circumstances which might affect the performance of the Loan) provided to or obtained by the Lender relating to any Borrower or Covenantor(s), the Properties or the Loan without restriction
and without notice to or the consent of the Borrower or any Covenantor(s) as follows: (i) to any subsequent or proposed purchaser of the Loan and its third party advisors and agents, such as counsel, accountants, consultants, appraisers, credit
verification sources and servicers; (ii) to any governmental authority having jurisdiction over such sale or securitization of the Loan or Loan pool or any trade of any interest in the Loan or Loan pool; and (iii) to any other Person in
connection with the sale, assignment or securitization of the Loan or in connection with any collection or enforcement proceedings taken under or in respect of the Loan and/or the Loan Documents. Each of the Borrower and Covenantor(s) irrevocably
consents to the collection, obtaining, release, disclosure, exchange, sharing, transfer and assignment of all such information and materials. 

INFORMATION AND MATERIALS 
 The
Borrower warrants that all information and materials, except for projections, provided or delivered to the Lender in connection with the Loan are correct and complete as of the date provided and will continue to be correct and complete on the date
of advance, failing which the Lender shall have no obligation to advance the Loan. All projections provided to the Lender have been prepared in good faith based upon assumptions believed to be reasonable at the time delivered. The Borrower
acknowledges that the Lender’s decision to make the Loan will be based on all such information and materials. The Borrower shall promptly disclose to the Lender from time to time any and all changes in such information and materials or any
additional information or materials which may reasonably be expected to influence the Lender’s decision to make the Loan. 

 SURVIVAL OF REPRESENTATIONS, WARRANTIES AND COVENANTS 

The representations, warranties, covenants and obligations of each Borrower or Covenantor(s) contained in each Loan Document shall (i) survive any
advance or repayment of the Loan, any full or partial release, termination or discharge of any Loan Document, and any remedial proceedings taken by the Lender under any Loan Document or applicable law, (ii) enure to the benefit of the Lender
and (iii) be fully effective and enforceable by the Lender notwithstanding any due diligence performed by or on behalf of the Lender or any breach or other information (to the contrary or otherwise) known to the Lender at any time. Such
representations and warranties are deemed to be made on the date of execution of each such Loan Document and are deemed repeated as of Loan closing. 
 DUE ON SALE CLAUSE 
  

	1.	At the sole option of the Lender, the whole of the then unpaid portion of the Principal Amount, interest thereon, all other amounts then owing to the Lender including,
without limitation, the Yield Maintenance and all of the Lender costs and expenses shall forthwith become due and payable as of the date of: 

  

	 	(a)	a direct or indirect sale, conveyance, transfer or other disposition (including the assignment, leasing or subleasing) of the whole or any portion of any of the
Properties or any interest therein (except where such sale, conveyance, transfer or other disposition is consented to by the Lender as provided for herein or in a Mortgage); 

 

	 	(b)	a direct or indirect sale, conveyance, transfer or other disposition of any of the shares in the capital of the Borrower or a change in control of the Borrower (whether
directly by the sale, transfer of shares or otherwise by way of a consolidation, merger, amalgamation or other reorganization of the Borrower or by way of the sale, conveyance, transfer or other disposition of any interest or any part thereof of the
Borrower) (except where such sale, conveyance, transfer, other disposition or change of control is expressly permitted herein or in a Mortgage or is consented to by the Lender as provided for herein or in a Mortgage); or 

 

	 	(c)	a transaction resulting in the Borrower, its undertaking and assets being transferred as an entirety or substantially as an entirety to any Person (except where such
transaction is expressly permitted herein or in a Mortgage or is consented to by the Lender as provided for herein or in a Mortgage). 

  

	2.	No direct or indirect sale, transfer, conveyance, or other disposition of the any of the Properties or the Borrower’s interest therein or any part or parts thereof
shall, unless the Lender has expressly agreed thereto in writing, release the Borrower or any Covenantor from its obligations under this Commitment Letter or any of the other Loan Documents. 

 

	3.	In the event that the Lender consents to a direct or indirect sale, transfer, conveyance, or other disposition of any of the Properties or the Borrower’s interest
therein or any part or parts thereof, such consent shall not be deemed to be a waiver of the rights to require prior written consent for future or successive transactions of similar nature. The terms of the direct or indirect sale, transfer,
conveyance, or other disposition of any of the Properties or the Borrower’s interest therein or any part or parts thereof shall also be subject to the Lender’s approval and the Lender may at its sole and absolute discretion, require the
amendment of this Commitment Letter or any of the other Loan Documents. 

 EXPROPRIATION 
 In the event that any or all of the Properties or any part of any or all of the Properties is expropriated with the result that, in the Lender’s reasonable opinion, the undertaking, property and
assets of the Borrower encumbered by the Mortgages are materially and adversely affected, the Lender may, at its option, require that the whole of the then unpaid portion of Principal Amount, interest thereon, all other amounts then owing to the
Lender including, without limitation, the Yield Maintenance and all of the Lender costs and expenses become due and payable as of the date of the expropriation. 
 AMENDMENTS TO COMMITMENT LETTER 
 Any waiver of any provision of this Commitment
Letter and any amendment to this Commitment Letter must be in writing and signed by an authorized representative of the Borrower, the Covenantor(s) and the Lender, duly authorized for that purpose. 

NOTICE 
 Any notice, election,
demand, declaration or request which may or is required to be given or made hereunder (unless otherwise required by law) be given or made in writing and shall be deemed given if served personally upon the party for whom it is intended or if mailed
by prepaid registered post or sent by facsimile addressed to the party for whom it is intended at its or their address as follows: 
 in the
case of the Lender to it at: 
 CMLS Financial Ltd. 

Suite 2110 – 1066 West Hastings Street 

Vancouver, British Columbia V6E 3X2 
  

	 	Attention:	Suki Grewal 

	 	Fax:	604-687-2118 

 in the case of the Borrower or a
Covenantor to it at: 
 Vitran Express Canada Inc. 

1201 Creditstone Road 
 Vaughan, Ontario 
 L4K 0C2 

 

	 	Attention:	Fayaz D. Suleman 

	 	Fax:	416-596-8039 

 and every such notice shall be
deemed to have been given upon the day it was personally served or, if mailed, upon the fifth Business Day after it was mailed . Any notice made or given by facsimile on a Business Day before 5:00 p.m. (local time of the recipient) shall be
conclusively deemed to have been given and received on such Business Day, and otherwise shall be conclusively deemed to have been 

 
given and received on the first Business Day following the transmittal thereof. Either party may designate in writing a substitute address and thereafter notice shall be directed to such
substituted address. In the event of a postal strike or other interruption of mail service, then all notices must be delivered personally or by telecopier to the addresses set out or such other addresses as may have been designated. 

LEGAL AND OTHER COSTS 
 All third
party costs and expenses incurred whether directly or indirectly by the Lender, whether directly or indirectly in connection with this Commitment Letter or any other Loan Documents, including without limitation reasonable legal fees and
disbursements, appraisal fees, title insurance and insurance consultant’s fees, are payable by the Borrower whether or not the transaction proceeds as contemplated, and may be deducted from the proceeds of the Loan. The Borrower shall pay all
reasonable costs and expenses imposed by the Lender in connection with any amendments to any of the Mortgages or the other Loan Documents, the discharge or assumption of any of the Mortgages or other security interest, the preparation of any
mortgage or financing statement, dishonoured payments or similar matters during the term of the Loan. 
 FUNDING REQUESTS

 Once all conditions of the Commitment Letter have been met, the Lender will order funds and process all advances upon receipt of a
minimum of five (5) clear Business Days’ notice prior to the intended date of funding. 
 COUNTERPARTS 

This Commitment Letter may be executed in several counterparts, each of which shall be deemed to be an original and all counterparts, taken together,
shall constitute one and the same instrument and it shall not be necessary in making proof of this Commitment Letter to produce or account for more than one such counterpart signed manually or by facsimile copy thereof. 

ELECTRONIC TRANSMISSION 
 An
electronically transmitted version of this signed Commitment Letter may be relied upon by the parties to the same extent as the original executed version. 
 TIME 
 Time shall be of the essence of this Commitment Letter. 

BINDING EFFECT 
 Acceptance
thereof shall constitute a binding contract from the date of acceptance and shall enure to the benefit of and be binding upon the successors and assigns of the parties hereto respectively and shall continue in full force and effect notwithstanding
registration of any of the Mortgages. 

					
	Yours truly,	 		 	
			
	CMLS FINANCIAL LTD.	 		 	
			
	/s/ Beverly White	 		 	/s/ Suki Grewal
	Beverly White	 		 	Suki Grewal
	Vice President	 		 	Manager

 ACCEPTED by the Borrower this 30th day of November, 2011. 

 

			
	VITRAN EXPRESS CANADA INC.
		
	Per:	 	/s/ Richard E. Gaetz

 I/We have the authority to bind the corporation 

 

			
		
	Per:	 	 

 I/We have the authority to bind the corporation 
 COVENANTOR(S) 
 VITRAN CORPORATION INC. 

			
		
	Per:	 	/s/ Richard E. Gaetz

 I/We have the authority to bind the corporation 

			
		
	Per:	 	 

 I/We have the authority to bind the corporation 
 EXPÉDITEUR T.W. LTÉE. 

			
		
	Per:	 	/s/ Richard E. Gaetz

 I/We have the authority to bind the corporation 

			
		
	Per:	 	 

 I/We have the authority to bind the corporation 

 November 30, 2011 
 Vitran Corporation Inc. 
 c/o Royal Bank of Canada 

Royal Bank Plaza 
 4th Floor, North Tower, PO Box
50 
 Toronto, ON M5J 2W7 
 Attention:
Reiner Plessl 
 Expediteur T.W. Ltee. 

1201 Creditstone Road 
 Concord, Ontario

 L4K 0C2 
 Attention: Fayaz Suleman

 Dear Sirs: 
  

	Re:	Property Address: 3333 Rue Joseph-Dubreuil, Montreal, QC 

	    	Loan No: 50152 

 CMLS Financial Ltd. (the
“Lender”) is pleased to advise that on the basis of information provided in connection with your request for financing, your application for a hypothecary loan (the “Loan”) has been approved subject to the terms and
conditions set out herein. 
 This amended and restated commitment letter (as further amended, restated, supplemented or otherwise modified from
time to time, the “Commitment Letter”) cancels, supersedes and replaces the commitment letter dated as of November 8, 2011 relating to the Property (as herein defined) issued by the Lender to the Borrower and Covenantors (the
“Original Commitment Letter”). Upon the signing of this Commitment Letter by the Lender, the Borrower and the Covenantors, the Original Commitment Letter shall be terminated and be of no further force and effect. 

NOW THEREFORE in consideration of the covenants and agreements herein contained, and other valuable consideration, the receipt of which is hereby
acknowledged, the parties hereto agree as follows: 
 LOAN TYPE 
 Hypothecary loan secured by a first ranking immovable hypothec on the land and buildings located at 3333 Rue Joseph-Dubreuil, Montreal, Quebec (the “Property”). 

PURPOSE 
 To provide a first
ranking hypothecary loan on the Property to enable the Borrower to repay its or its affiliates’ existing indebtedness. 

 BORROWER 
 Expediteur T.W. Ltee. (the “Borrower”). 
 COVENANTOR(S) 

A guarantee shall be provided by Vitran Corporation Inc. and Vitran Express Canada Inc. (the “Covenantor(s)”) on a joint and several
basis to make payments under the Loan and to perform all other obligations of the Borrower until the Loan has been satisfactorily repaid in full. 
 The liability of the Borrower and the Covenantors to make payment under the Loan and to perform all other obligations hereunder shall be on a solidary basis. 

MANDATARY 
 CMLS Financial Ltd.,
on behalf of an investor client. 
 LEGAL DESCRIPTION 
 To be confirmed by the Lender’s counsel. 
 DESCRIPTION OF PROPERTY 

A cross-dock distribution facility containing approximately 59,698 rentable square feet, located on an approximately 11.1 acre site. 

LOAN AMOUNT 
 $6,500,000.00 (the
“Principal Amount”) 
 TERM OF LOAN 
 Seven (7) years from the Interest Adjustment Date. 
 AMORTIZATION 

Twenty-Five (25) years. 
 INTEREST
RATE 
 The interest rate for the Loan will be 300 basis points over the bid side yield to maturity expressed as a percentage per annum,
compounded semi-annually, not in advance, of a publicly traded non-callable Government of Canada bond selected by the Lender and maturing on a date close to the Maturity Date of the loan as determined by the Lender as at the first Business Day on
which the Lender receives the Borrower’s written request to set the interest rate (the “Interest Rate”). The Interest Rate must be set within 15 days of the anticipated funding date as set out in the written notice from the
Borrower (the “Funding Notice”), and no later than 5 days prior to such funding date. The Funding Notice must be received by the Lender no later than 1:00 PM EST for rate setting that day. Notwithstanding the above, the Interest
Rate shall not be less than 4.75%.  

 The Loan will be funded on the date set out in the Funding Notice from the Borrower, which must be within 15
days of the setting of the Interest Rate, otherwise the Lender reserves the right in its sole option to modify the rate by applying the formula provided herein. 
 Interest at the Interest Rate shall be calculated semi-annually and payable monthly not in advance both before and after demand, maturity, judgment and before and after default, based on the Principal
Amount advanced and outstanding from time to time from and including the date of advance thereof. Interest on overdue interest shall be calculated and be payable at the same rate and in the same manner as set out herein. 

COMMITMENT EXPIRY 

December 15, 2011 hereinafter referred to as the “Commitment Expiry Date”. The Lender acknowledges the target funding date is
November 30, 2011 or earlier. 
 Please also refer to clause entitled “Commitment Expiry” contained in the Standard Terms
and Conditions. 
 INTEREST ADJUSTMENT DATE 
 The first (1st) day of the month next following the date of the advance of funds; being December 1, 2011 (the “Interest Adjustment Date”). 

MATURITY DATE 
 Seven
(7) years from the Interest Adjustment Date; being November 30, 2018 (the “Maturity Date”). 
 FUNDING

 The Loan is to be advanced by way of a single advance of funds. 

 SECURITY FUNDING/CONDITIONS PRECEDENT 

CONDITIONS PRECEDENT TO FUNDING 

Conditions precedent to the disbursement of funds under the Loan shall be: 

 

	1.	CREDIT AND FINANCIAL INFORMATION 

 Receipt and satisfactory approval by the Lender of the financial statements for all corporate Borrower and Covenantor(s). 
 All Borrower and Covenantor(s) hereby consent to the Lender commissioning and receiving credit reports on the Borrower and Covenantor(s), the cost of which is to the account of the Borrower. 

The Borrower and Covenantor(s) acknowledge that all financial information has been provided to the Lender for the purpose of assessing
credit risks associated with the Loan and that the Lender may, in order to fulfill its obligations or enforce its rights (including, without limitation, the enforcement of its security), confidentially disclose all such financial information to
third parties (including, without limitation, credit rating agencies) in the ordinary course of business. 
 The Borrower and
Covenantor(s) agree to have the attached Client Identification Certification (Schedule “F”) completed by its/their counsel and returned to the Lender and the Lender’s counsel as required herein. 

 

	2.	OPERATING STATEMENTS 

Receipt and satisfactory review by the Lender of operating statements on the Property for the past three years. 

 

	3.	APPRAISAL 

 Receipt and
satisfactory review by the Lender of an appraisal report on the Property from Cushman & Wakefield Ltd., acceptable to the Lender, establishing a minimum total market value of $10,000,000.00. The appraisal shall be accompanied by a Reliance
Letter authorizing the Lender to use and rely upon the appraisal for financing purposes. All costs associated with such report will be to the account of the Lender. The Lender confirms that the appraisal relating to the Property dated
October 31, 2011 prepared by Cushman & Wakefield Ltd. is acceptable for the purposes of satisfying the condition in this section. 
  

	4.	ENVIRONMENTAL REPORT (“ESA”) 

 Receipt and acceptance by the Lender of Phase I environmental report or audit on the Property prepared by an environmental consultant (the “Consultant”) satisfactory to the Lender. The
report(s) must be dated within 1 year of the date of this Commitment Letter. If further investigative work is recommended, then the Borrower and the Lender will confer with the Consultant to determine the reasonable scope for the further work and,
if practicable, provide the Consultant with express instructions to conduct such investigations as are required to 

 
permit the Consultant to issue the subsequent investigative report. Notwithstanding the foregoing, all ESA reports must conform to the Canadian Standards Association (Z768 for ESA Phase 1 reports
and Z769 for ESA Phase 2 reports). The report must be directed to or accompanied by a Transmittal Letter authorizing the Lender to use and rely upon the reports for financing purposes. All costs will be to the account of the Borrower. The Lender
confirms that the ESA Phase 1 Report relating to the Property dated September 15, 2011 prepared by Pinchin Environmental is acceptable for the purposes of satisfying the condition in this section. 

The Hypothec shall contain Schedule “A” as attached wherein the Borrower covenants and agrees that to the best of its knowledge,
there has not been, there are not currently and there will not in the future be any hazardous materials on the Property, except for any hazardous materials which are handled or otherwise dealt with in accordance in all material respects with
applicable law. 
  

	5.	ENGINEERING REPORT/BUILDING CONDITION REPORT 

 Receipt and satisfactory review by the Lender of an engineering report, from an independent engineering firm acceptable to the Lender, confirming the structural integrity of the building, the roof system
therein and of all operating systems of the Property. The engineering report must also verify that the Property complies with the appropriate provincial and municipal regulations. The report must be directed to or accompanied by a Transmittal Letter
authorizing the Lender to use and rely upon the report for financing purposes. All costs will be to the account of the Borrower. The Lender confirms that the Building Assessment Report relating to the Property dated September 15, 2011 prepared
by Pinchin Environmental is acceptable for the purposes of satisfying the condition in this section. 
  

	6.	INSURANCE 

 Evidence of
insurance in form and substance reasonably satisfactory to the Lender is required. Please see attached Schedule “B” for insurance requirements. Upon acceptance of this Commitment Letter, all insurance policies must be forwarded to the
Lender’s insurance consultants, at the following address, for their review and approval: 
 Intech Risk Management Inc.

 3 Church Street, Suite 400, 
 Toronto, ON M5E 1M2 
 Attention: Todd McCleave 

Telephone: (416) 348-9111 
 Fax: (416) 348-9121 
 Email: tmccleave@intechrisk.com 

The cost of the Lender’s insurance consultant’s review of the Borrower’s insurance shall be for the account of the Borrower
and may be deducted from an advance of funds under the Loan. Material changes to insurance coverage during the term of the Loan will, at the sole discretion of the Lender, require an additional review by the Lender’s insurance consultant. All
insurance review costs will be to the account of the Borrower. 

 Following is the name, address, and contact information of the employee at Vitran
Corporation Inc. who can be contacted by the Lender’s insurance consultant with respect to the Borrower’s insurance coverage: 
  

			
	 Name:
	  	Rod Mowat
	 Address:
	  	1201 Creditstone Road, Concord, Ontario
	 Phone:
	  	416-798-4965 ext. 5205             Fax: 416-596-8039
	 E-mail:
	  	rodmowat@vitran.com

 It is further understood and agreed that it is the responsibility of the Borrower and/or its Insurance
Broker to notify the Lender directly of any changes in coverage from the actual binder or certificates issued at the time of closing and release of funds. Please note that all insurance documentation after the loan funding date is to be submitted
directly to the Lender as follows: 
 Addressed to the Lender 

c/o CMLS Financial Ltd. 
 Suite 2110 - 1066 West Hastings Street, 
 Vancouver, BC V6E 3X2 

The Borrower shall be responsible for the cost of the review. 

 

	7.	PROPERTY INSPECTION 

 An
inspection of the Property by an authorized representative of the Lender. 
  

	8.	MUNICIPAL AND SCHOOL BOARD TAX ACCOUNT STATEMENTS:PROPERTY TAX NOTICES 

 A copy of the current tax account and current invoice from the City of Montreal and from the related school board, along with any documents relating to contestation or any other notice or proceeding in
connection thereto. 
  

	9.	TITLE INSURANCE OR TITLE OPINION 

 A commercial lenders’ title insurance policy from First Canadian Title in a form satisfactory to the Lender’s counsel may be required. The Borrower will be responsible for the cost of the
insurance policy if required. 
 Where the Borrower elects to provide a legal opinion on title to the Property, such legal
opinion may be provided by the Borrower’s counsel or the Lender’s counsel, at the Borrower’s cost. The title opinion shall be in form and substance acceptable to the Lender in the Lender’s sole and absolute discretion.

  

	10.	RECEIPT OF ATTACHED BORROWER(S) INFORMATION PACKAGE (SCHEDULE “C” THROUGH “G”) 

	11.	CORPORATE STRUCTURE 

 The
Lender’s counsel shall confirm to the Lender that the Borrower is the registered owner of the Property and the ownership structure is as represented by the Borrower to the Lender. 

 

	12.	OTHER INFORMATION 

 Such
other reports or information as the Lender or Lender’s counsel may reasonably request. 
  

	13.	LEGAL COUNSEL/ADVISORS 

The counsel acting solely for the Lender in this transaction will be: 

Fraser Milner Casgrain LLP - Attention: Charles Rich 
 Suite 400, 77 King Street West 
 Toronto Dominion Centre 

Toronto Ontario M5K 0A1 
  

	 	Phone:	(416) 863-4606 

	 	Fax:	(416) 863-4592 

	 	Email:	charles.rich@fmc-law.com 

 The
Borrower’s counsel shall be: 
  

	 	Name:	Eric Friedman 

	 	Firm:	McMillan LLP 

	 	Phone:	(416) 307-4030 

	 	Fax:	(416) 865-7048 

	 	Email:	eric.friedman@mcmillan.ca 

  

	14.	SECURITY 

 Required
security for this financing shall include: 
  

	 	(a)	a first ranking immovable hypothec on the Property to secure the Principal Amount along with an additional amount (the “Additional Amount”)
representing twenty percent (20%) of the Principal Amount (the “Hypothec”), such hypothec to be cross-defaulted and cross-collateralized with the first freehold mortgages secured by the properties located at 10077 Grace Road,
Surrey, BC, 18204- 111 Avenue NW, Edmonton, Alberta and 1201 Creditstone Road, Vaughan Ontario and 2700 Langstaff Road, Vaughan, Ontario; 

  

	 	(b)	guarantee(s) to be granted by Vitran Corporation Inc. and Vitran Express Canada Inc. on a solidary basis for 100% of the Principal Amount and the Additional Amount;

  

	 	(c)	a registered first ranking immovable hypothec on all present and future rents relating to the Property and on any insurance indemnities relating thereto;

	 	(d)	confirmation that in the event the Borrower elects to lease the Property to an arm’s length third party, the Lender shall have full approval rights to any such
lease; 

  

	 	(e)	a site specific movable hypothec providing a first ranking universal movable hypothec on the universality of all present and after-acquired movable property used in the
operation and management of the Property and the rents to be derived from the Property, if any (specifically excluding any movable property used in the operation of the transportation business, such as, inventory, rolling stock and accounts
receivable); 

  

	 	(f)	hypothec of all-insurance proceeds received under any insurance policies pertaining to the Property and confirmation of Lender being first hypothecary lost payee;

  

	 	(g)	hypothec charging on all plans, specifications, rights to the architectural plans, permits, contracts, and other documentation pertaining to the Property;

  

	 	(h)	priority agreements and postponement agreements from any party having a prior interest in the Property or the movable property referred to in (e) above, where
applicable, each in a form satisfactory to the Lender and its-counsel; and 

  

	 	(i)	such other security as the Lender and its-counsel may reasonably deem necessary. 

 

	15.	FIRE WORK AND LEGALITY OF PROPERTY 

 Prior to advancing any funds, the Lender requires written confirmation that there are no outstanding work orders, notices or letters of non-compliance issued by any Governmental or Regulatory bodies
having jurisdiction over the Property. 
  

	16.	CONSTRUCTION LEGAL HYPOTHEC 

 The Borrower has paid when due any contractor or supplier that has participated in the construction and/or renovation of the Property in the last six (6) months and has obtained, at the satisfaction
of the Lender’s counsel, an unconditioned release in relation to such payments. With regards to any future payment, the Borrower has obtained, to the satisfaction of the Lender’s counsel, from such contractor or supplier, a renunciation to
the right to register a legal hypothec against the Property. 
  

	17.	ZONING BY- LAW & TITLE 

 All zoning by-laws and restrictive covenants must be complied with and title to the Property and the registration of the Hypothec must be satisfactory to the Lender and its counsel. 

Title to the Property must be acceptable to the Lender, in its sole discretion, and all security documents must be registered and the
Lender must be in receipt from the Lender’s counsel of a satisfactory report on registration of the security documents, together with the Lender’s counsel’s confirmation that no adverse findings concerning the Borrower or the
Covenantor(s) in any department or agency of government which, in the Lender’s counsel’s opinion, could affect the security or ranking of the Hypothec. 

 All other documentation pertinent to this transaction, as may be reasonably required by the
Lender’s counsel, must be acceptable in substance and form to the Lender and its counsel. 
  

	18.	MATERIAL CHANGE 

 It is a
condition for disbursement of funds that (a) in the Lender’s opinion the financial position of the Borrower and the Covenantor(s), taken as a whole, and/or the Property given as security, shall not have suffered any adverse material change
(a “Material Adverse Change”), (b) the Borrower’s representations and warranties shall be true and correct in all material respects at the time of disbursement, and (c) there shall not be any action, suits, or pending
proceedings against the Borrower, the Covenantor(s) or the Property of which the Borrower has knowledge which could reasonably be expected to result in an Material Adverse Change. 

 

	19.	CLEAR TITLE 

 Confirmation
from the Lender’s counsel that title to the Property is clear and no liens (other than Permitted Encumbrances) are registered prior to any Loan advance. For the purposes of this Commitment Letter, “Permitted Encumbrances” shall
have the meaning ascribed to such term in the Hypothec. 
  

	20.	AUTHORIZATION, DIRECTION AND CONSENT 

 Receipt by the Lender’s counsel of the authorization, direction and consent of all legal and beneficial owner of the Property along with such opinions, certificates, resolutions and other
documentation as may be reasonably required by the Lender’s counsel as to due authorization, execution and delivery of all documentation required by the Lender and the enforceability of such documentation in accordance with its terms.
Borrower’s and Covenantors’ legal counsel to provide to the Lender with corporate opinions in a form acceptable to the Lender’s counsel. 
  

	21.	EXECUTION OF DOCUMENTS 

The Borrower and the Covenantor(s) agree to execute such documents, including the Hypothec and other security agreements, in a form and
containing provisions protecting the Lender’s rights as contemplated in this Commitment Letter as the Lender’s counsel shall require, acting reasonably. 

	22.	CERTIFICATE OF LOCATION 

A Certificate of Location along with a plan of the Property, showing the Property in its current condition, acceptable to the Lender and
its counsel, prepared by a duly licensed surveyor, shall be furnished to the Lender. This Certificate of Location shall show the dimensions of the Property, as well as the dimensions and location of all improvements, parking areas and servitudes (if
any). If the Certificate of Location shall state that it was prepared for the exclusive use of the Borrower or any other party, a letter of transmittal will be provided to the Lender by the land surveyor, confirming that the Lender may rely on the
Certificate of Location for financing purposes. Title insurance is acceptable in lieu of a certificate of location. 
  

	23.	PRE-AUTHORIZED DEBIT FORM 

The attached Pre-Authorized Debit form contained in Schedule “E” is to be completed and returned with this signed Commitment
Letter. 
  

	24.	PROCEEDS OF CRIME (MONEY LAUNDERING) AND TERRORIST FINANCING ACT (CANADA) REGULATIONS 

The Borrower and the Covenantors confirm that each of them has consented and agreed to provide the Lender with such documentation and
information, including identification, as the Lender may require to ensure compliance with the above Legislation, and that the provision of such documentation and information shall be a pre-funding condition of the Loan. 

 

	25.	CORPORATE AND ENFORCEABILITY OPINIONS 

 With respect to the documents required to be delivered to the Lender by the Borrower(s) and any Covenantor(s), the Borrower’s counsel shall be required to provide the Lender and the Lender’s
counsel with its opinion regarding the registration of all movable hypothecs, the due authorization, execution, delivery, creation of the hypothecs and enforceability, which opinion shall be in form and substance acceptable to the Lender and the
Lender’s counsel in their sole and absolute discretion. 
  

	26.	FEES 

 The Lender
acknowledges receipt from the Borrower, upon signing of the Original Commitment Letter of a standby deposit of $65,000.00 (the “Standby Deposit”) to be held by Lender, without interest, to ensure the performance of the
Borrower’s obligations under this Commitment Letter, such Standby Deposit representing damages which the Lender, without prejudice to and in addition to any other remedy, is entitled to retain if the Loan transaction contemplated by this
Commitment Letter is not completed in accordance with its terms for any reasons other than the default of the Lender. If the losses, costs and damages suffered by the Lender exceed the amount of the Standby Deposit, the Lender shall be entitled to
seek compensation therefore in addition to retaining the Standby Deposit. If the Loan transaction contemplated by this Commitment Letter is completed in accordance with its terms, upon the first advance of the Loan, the Lender shall immediately pay
to the Borrower an amount equal to the Standby Deposit without deductions or interest. 

	27.	CONTEMPORANEOUS CLOSING OF ONTARIO, ALBERTA AND BRITISH COLUMBIA MORTGAGE LOANS 

It is a condition of the completion of the transactions contemplated in this Commitment Letter that contemporaneously with the closing of
the Loan hereunder, the Lender shall make a mortgage loan to Vitran Express Canada Inc. in the principal amount of at least $39,225,000 secured by the properties known municipally as 10077 Grace Road, Surrey, British Columbia, 18204 – 111
Avenue NW, Edmonton, Alberta and 1201 Creditstone Road, Vaughan, Ontario and 2700 Langstaff, Vaughan, Ontario (the “Contemporaneous Loan”). This condition is for the benefit of the Borrower, and in the event that the Contemporaneous
Loan does not close contemporaneously with the Loan, the Borrower shall have the option of terminating the Commitment Letter and the full amount of the Standby Deposit, less reasonable out-of-pocket expenses incurred, without interest, shall be
returned forthwith to the Borrower. 
 STANDARD TERMS AND CONDITIONS 

COMMITMENT EXPIRY 
 Time is of the
essence. The Loan must be advanced by the Commitment Expiry Date, as the same may be extended in accordance with the terms of this Commitment Letter. If the Loan is not advanced by the Commitment Expiry Date due to a failure on the part of the
Borrower to meet a condition precedent to disbursement of funds as set out in this Commitment Letter (unless such failure results from the Lender or its counsel not acting in a timely and reasonable manner), the Lender at its option may cancel this
Commitment Letter and retain the Standby Deposit. If the Lender extends the Commitment Expiry Date, the Borrower will pay, at the option of the Lender, a late disbursement fee. The late disbursement fee will be based on the Principal Amount and the
difference between the Interest Rate and the interest rate available to the Lender on short-term investments, for a duration equal to the time beyond the Commitment Expiry Date and the actual funding date. 

PROPERTY MANAGEMENT 
 The Borrower
shall at all times maintain professional property management of the Property satisfactory to the Lender, in its sole discretion. Any changes in property management shall require the prior written consent of the Lender, not to be unreasonably
withheld or delayed, both as to the manager and the terms and conditions of the management agreement. The Borrower is acceptable to the Lender as the property manager of the Property. 
 NO FURTHER ENCUMBRANCES 
 No further encumbrances subsequent to the Lender’s
registered security on the Property, other than Permitted Encumbrances, shall be permitted without the prior written consent of the Lender, not to be unreasonably withheld. 

 REPAYMENT 
  

	1.	The Borrower shall pay the Principal Amount together with interest thereon in consecutive monthly installments of principal and interest to be determined at the
Interest Rate and in accordance with the amortization criteria set out in the “Amortization” section as follows: 

  

	 	(a)	on the Interest Adjustment Date, a payment of $845.89 being the interest due on the Principal Amount advanced computed at the Interest Rate from the date of advance up
to but excluding the Interest Adjustment Date; and 

  

	 	(b)	from and including the Interest Adjustment Date, monthly payments of $36,884.61 representing a portion of the Principal Amount and the total interest accrued and
outstanding at the Interest Rate computed from and including the Interest Adjustment Date based on a twenty-five (25) year amortization period shall become due and be paid in consecutive monthly instalments on the first day of each month, the
first payment of which shall be made on January 1, 2012 and the last payment of which shall be made on the first day of the month immediately preceding the Maturity Date; and 

 

	 	(c)	the outstanding Principal Amount shall be due in full on the Maturity Date or on such earlier date as the Principal Amount may be declared to be due and payable by the
Lender together with interest accrued and unpaid thereon. 

  

	2.	All monthly mortgage payments are to be made by way of automatic debit in accordance with the terms of the Pre-Authorized Debit form executed by the Borrower.

  

	3.	All installments received by the Lender shall be applied firstly against interest outstanding and secondly against the Principal Amount. 

 

	4.	All payments to be made by the Borrower pursuant to this Commitment Letter are to be “net” to the Lender and are to be made without set-off, compensation or
counterclaim, free and clear of and without deduction for or on account of any tax except for taxes on the overall net income of the Lender; if any tax not presently in existence is deducted or withheld from any payments made pursuant to this
Commitment Letter, the Borrower shall promptly remit to the Lender the equivalent of the amount of tax so deducted or withheld together with the relevant receipt addressed, if possible to the Lender provided that all such tax subsequently refunded
to the Lender will be remitted, as quickly as possible, by it to the Borrower; provided that in the event the Borrower is prevented by operation of law or otherwise from paying, causing to be paid or remitting such tax, the interest payable under
this Commitment Letter will be increased, if permitted by law, to such rates as are necessary to yield and remit to the Lender the Principal Amount together with interest at the rate specified in this Commitment Letter after provision for payment of
such tax. 

 PREPAYMENT PRIVILEGES 

 

	1.	The Borrower may repay the Loan in whole or in part, prior to the Maturity Date if the Borrower also pays to the Lender a compensating amount (the “Yield
Maintenance”), being the greater of: 

  

	 	(a)	three (3) months interest on the Principal Amount prepaid, calculated at the Interest Rate under the Loan; and 

 

	 	(b)	the amount which is equal to the positive number, if any, obtained by subtracting the amount prepaid from the present value of all monthly payments of interest,
including the Principal Amount and interest due at the Maturity Date, which would have been made under the Loan on and after the date of prepayment had such prepayment not been made, such present value to be based on the Discount Rate. The
“Discount Rate” shall mean the yield to a purchaser of a non-callable Government of Canada Bond, with a term to maturity approximately equal to the remaining term to the Maturity Date, had the Loan not been prepaid, as calculated by
the Lender as at the close of business on the Business Day immediately prior to the date of prepayment, expressed as a rate per annum, compounded semi-annually. 

 

	2.	Any such prepayment amount received by the Lender shall be applied firstly against Yield Maintenance, secondly against the interest outstanding and thirdly against the
Principal Amount. 

  

	3.	After such prepayment is applied by the Lender as provided herein: (a) the Lender shall update the Principal Amount and provide such information to the Borrower;
thereafter, the Principal Amount in section “Principal Amount” shall automatically be amended to record and reflect such updated Principal Amount, and (b) the monthly payments payable set out in the “Repayment”
section shall be re-calculated based on the Principal Amount then outstanding and the remainder of the amortization period. 

TIME OF PAYMENTS 
 In the event
that any payment permitted or required to be made under this Commitment Letter or any other Loan Documents is made after 10:00am Pacific Time (“PT”), on any payment date, that payment will be deemed to have been made on the next
following Business Day. For the purposes of this Commitment Letter, “Business Day” means any day that is not a Saturday, Sunday or other day on which commercial banks in Montréal, Quebec, Toronto, Ontario and Vancouver,
British Columbia are authorized or required by law to remain closed. 
 SECURITY REGISTRATION 

Neither the preparation nor the registration of any of the security documents contemplated in this Commitment Letter shall bind the Lender to advance
funds. 
 ESCROW FUNDS 

Should the Lender collect escrow funds or retain a holdback from any advance, such funds will be held by the Lender without benefit of interest to the
Borrower. 
 BENEFIT OF LOAN FUNDS 
 The Borrower represents, warrants and covenants that all advances (or re advances if applicable) under the Loan will be for the sole account, benefit and use of the Borrower for the purpose stipulated in
this Commitment Letter, unless the Lender provides its approval, in writing, that advances (or re-advances if applicable) may be for the account, benefit and use of a third party other than the Borrower, which approval may be unreasonably withheld
at the Lender’s sole discretion. 

 CANCELLATION CLAUSE 
 This Commitment Letter may be cancelled at the Lender’s option if any of the conditions set out herein are not complied with or if any of the requirements of the Lender’s counsel are not
satisfactorily fulfilled by the Commitment Expiry Date. 
 FINANCIAL REPORTING 

The Borrower and Covenantor(s) shall provide the Lender with prepared financial statements all satisfactory to the Lender in form and content, prepared in
accordance with U.S. GAAP, within 120 days of each fiscal year-end for the Borrower and Covenantor(s). Financial statements shall be accompanied by a current rent roll (in the event any part of the Property becomes subject to a lease(s)), balance
sheet and a detailed income statement for the Borrower and Covenantor(s) (if any) and an operating statement for the Property. 
 PROPERTY
TAXES 
  

	1.	The Lender reserves the right to deduct monies from the Loan to pay all Taxes (as defined in the Hypothec) (including penalties, interest and unpaid utilities if
applicable) due or coming due within 60 days of the advance of the Loan. Notwithstanding, the Lender shall permit the Borrower to pay the Taxes for the Property. The Lender will waive the requirements for monthly Tax installments on the condition
that the Borrower: 

  

	 	(a)	pays each Loan payment and all other monies due under the Loan promptly when due; 

 

	 	(b)	submits copies of the tax receipts to the Lender within 60 days of each due date to confirm payment of Taxes. If the Borrower does not submit tax receipts as required
and the Lender requests tax receipts from the taxing authority, all costs incurred by the Lender in obtaining the receipts will be for the Borrower’s account; 

 

	 	(c)	is not otherwise in default under any of the Loan Documents; and 

  

	 	(d)	authorizes the taxing authority to release all information relevant to Taxes to the Lender as required. 

 

	2.	In the event that the Borrower does not comply with the conditions and requirements set out above in this section, then: 

 

	 	(a)	the Borrower shall pay to the Lender in instalments on the dates on which instalments of principal and interest are payable pursuant to this Commitment Letter, sums
sufficient to enable the Lender to pay the whole amount of Taxes on or before the due date for payment thereof or, if such amount is payable in instalments, on or before the due date for payment of the next instalment thereof;

	 	(b)	where the period between the date of the advance of the Principal Amount and the next following annual due date or first instalment due date for Taxes is less than one
year, the Lender may, at the Lender’s option, require the Borrower to pay to the Lender in equal instalments, on each date on which an instalment of principal and interest is payable pursuant to this Commitment Letter, during such period and
during the next succeeding twelve months’ period, an amount estimated by the Lender to be sufficient to pay, on or before the expiration of the said twelve months’ period, all Taxes which shall become due and payable during the said two
(2) periods and during the balance of the calendar year in which the said twelve months’ period expires; and the Borrower shall also pay to the Lender on demand the amount, if any, by which the actual Taxes exceed such estimated amount;
and 

  

	 	(c)	subject to the immediately preceding subsection, the Borrower shall pay to the Lender on each date on which an instalment of principal and interest is payable pursuant
to this Commitment Letter one-twelfth of the annual amount (as estimated by the Lender) of the Taxes becoming due and payable during the next succeeding year after such instalment due date and the Borrower shall also pay to the Lender on demand, the
amount, if any, by which the actual Taxes exceed such estimated amount. 

 Notwithstanding anything in this “Property
Taxes” section, the Borrower shall promptly pay or cause to be paid as they become due all taxes, rates, duties, charges, impositions, levies and assessments whatsoever whether municipal, parliamentary, school or otherwise, and whether
general or special, ordinary or extraordinary, which are from time to time levied, imposed or assessed against or on account of the Property or any part or parts thereof or any interest therein directly to the applicable government authority and the
Borrower shall provide to the Lender evidence (acceptable to the Lender) of payment thereof within five (5) Business Days after such taxes, rates, duties, charges, impositions, levies and assessments are due. 

DISBURSEMENT 
 Prior to the
disbursement of the Loan, the security instruments shall be registered, the Property shall be free and clear of all liens, charges and other encumbrances (save and except (i) any existing charge to be paid out and discharged from the Loan
advance and (ii) Permitted Encumbrances)and all other terms and conditions of this Commitment Letter shall have been satisfied. 

INSURANCE 
  

	1.	 In the event the Borrower fails to effect or maintain or cause to be effected or maintained any insurance required herein, the Lender may effect or
maintain such insurance and, without obligation to do so, insure the Property or any part or parts thereof for such amount or amounts as the Lender may from time to time deem expedient and the amount of any premiums paid to effect or maintain such
insurance shall be payable by the Borrower on demand and shall bear interest at the rate calculated and payable in the same manner as interest on the Principal Amount from the date of such payment by the Lender until paid, and the Borrower covenants
to repay to the Lender on demand all of the premiums so paid. No effecting of insurance by the Lender shall diminish or derogate in any way from the obligation of the Borrower to effect and maintain insurance required herein. The Borrower shall
deliver to the Lender evidence of payment of all premiums and other sums of money payable for effecting or maintaining the insurance required herein and shall deliver to the Lender, on a best efforts basis, at least 10 days and in no event less than
2 Business Days prior to the expiration of any such insurance policy, 

 
certificates with respect to any renewal policies. If such renewal policy is different from the certified policy so expiring or if such renewal insurance shall be arranged with another insurer,
such policy and insurer shall be subject to review and approval by an insurance consultant selected by the Lender, all at the cost of the Borrower. 
  

	2.	Nothing contained herein shall be deemed to hold the Lender responsible for failure to cause insurance to be obtained or maintained or for any loss arising as a result
of any defect in any policy or as a result of any insurer failing to pay for any damage or loss insured against. 

  

	3.	The Borrower shall not do or suffer anything whereby any insurance policies may be vitiated. 

 

	4.	The Borrower shall forthwith on the happening of any loss or damage at its expense furnish all necessary proofs and do all necessary acts to enable the Lender to obtain
payment of the insurance moneys and the Borrower shall release any interest it may have in the proceeds thereof. 

  

	5.	In the event that any policy or policies of insurance relating to the Property contains any co-insurance clauses, the Borrower shall maintain or cause to be maintained
at all times a sufficient amount of such insurance to meet the requirements of any such co-insurance clause so as to prevent the Borrower from becoming a co-insurer under the terms of such policy or policies. 

 

	6.	All proceeds of insurance received by the Lender in respect of any damages to the Property or any part thereof shall be held by the Lender as part of the security under
any Loan Document, and so long as a Default or Event of Default (as defined below) shall not have occurred and be continuing (in which event all such proceeds shall be used to pay the Principal Amount, interest thereon, all other amounts then owing
to the Lender including, without limitation, the Yield Maintenance shall be dealt with as follows: 

  

	 	(a)	if insurance proceeds in respect of any one occurrence or multiple occurrences with an aggregate cumulative amount in any consecutive twelve (12) month period is
equal to or is less than $1, 625,000 (the “Insurance Limit”) and less than 50% of the usable space of the Property is destroyed or damaged, then the insurance proceeds shall be paid to the Borrower and shall be applied by the
Borrower towards the restoration, repairing or rebuilding the Property and the Borrower shall forthwith give notice thereof to the Lender which notice shall set forth the Borrower’s estimate of the date by which the restoration, reconstruction
or replacement can be effected and completed; the Borrower shall also provide such other evidence as the Lender may reasonably require with respect to such restoration, reconstruction or replacement; 

 

	 	(b)	 if insurance proceeds in respect of any one occurrence or multiple occurrences with an aggregate cumulative amount in any consecutive twelve
(12) month period is in excess of the Insurance Limit and less than 50% of the usable space of the Property is destroyed or damaged, then the insurance proceeds shall be retained by the Lender and the Borrower shall advise the Lender in writing
(the “Repair Notice”) within ninety (90) days of the date of occurrence of the damage or destruction whether the Borrower wishes to use such insurance proceeds to pay or prepay the Principal Amount, interest thereon, and all
other amounts then owing to the Lender including, without limitation, the Yield Maintenance, or to use such proceeds to restore, repair or rebuild (collectively, the “Repair”) the Property. If the Borrower wishes to Repair the
Property, it shall 

	 	
provide the Lender with all information which the Lender may reasonably require to consider the Borrower’s proposal and so long as: (i) the Lender is satisfied, acting reasonably, that
the amount of insurance proceeds together with such other funds as the Borrower has indicated in the Repair Notice as available to it for the Repair are sufficient to make and complete the Repair, and (ii) the Borrower’s proposal is
acceptable to the Lender, acting reasonably, then the Lender shall permit the Borrower to use the insurance proceeds to Repair the Property damaged or destroyed. If the Lender agrees to permit the Borrower to use such proceeds to Repair the Property
damaged or destroyed, then the insurance proceeds shall be payable in the manner set out in paragraph 6(d) of this “Insurance” section so long as no Default or an Event of Default shall have occurred and be continuing (in which
event all such proceeds shall be used to pay or prepay the Principal Amount, interest thereon, and all other amounts then owing to the Lender including, without limitation, the Yield Maintenance); or 

 

	 	(c)	if insurance proceeds in respect of any one occurrence or multiple occurrences with an aggregate cumulative amount in any consecutive twelve (12) month period is
in excess of the Insurance Limit and 50% or more of the usable space of the Property is destroyed or damaged, then the insurance proceeds shall be retained by the Lender and the Borrower shall deliver to the Lender a Repair Notice within ninety
(90) days of the date of occurrence of the damage or destruction indicating whether the Borrower wishes to use such insurance proceeds to pay or prepay the Principal Amount, interest thereon, and all other amounts then owing to the Lender
including, without limitation, the Yield Maintenance, or to use such proceeds to Repair the Property. If the Borrower wishes to Repair the Property, it shall provide the Lender with all information which the Lender may reasonably require to consider
the Borrower’s proposal and the Lender undertakes to advise the Borrower in writing within thirty (30) days of receipt of the Borrower’s notice of intention to Repair whether the Lender, in its sole discretion, is prepared to permit
the Borrower to use such proceeds to Repair the Property damaged or destroyed or requires that such proceeds be used to pay or prepay the Principal Amount, interest thereon, and all other amounts then owing to the Lender including, without
limitation, the Yield Maintenance. If the Lender agrees to permit the Borrower to use such proceeds to Repair the Property, then the insurance proceeds shall be payable in the manner set out in paragraph 6(d) of this “Insurance”
section so long as no Default or an Event of Default shall have occurred and be continuing (in which event all such proceeds shall be used to pay or prepay the Principal Amount, interest thereon, and all other amounts then owing to the Lender
including, without limitation, the Yield Maintenance): 

  

	 	(d)	If any Repair is permitted pursuant to the terms of paragraph 6(b) or 6(c) of this “Insurance” section, then prior to commencing any Repair:

  

	 	(i)	the Borrower will submit or cause to be submitted to the Lender the plans and specifications pertaining thereto for the approval of the Lender, which approval will not
be unreasonably withheld or delayed unless the Repair, will result in a material adverse change to the use or value of the Property, the building(s) and other improvements thereon, or its revenue producing capability (if any), or will impair or
adversely affect the Lender’s hypothecs therein; and 

	 	(ii)	the Lender shall upon the request of the Borrower but in any event no more frequently than monthly on the last Business Day of each month, pay over to the Borrower from
any insurance proceeds received by the Lender in amounts sufficient to reimburse the Borrower for such costs and expenses incurred and paid by the Borrower for the Repair (after withholding any amounts required as holdbacks due to any legal hypothec
in favour of persons having taken part in the construction or renovation of an immovable created pursuant to the Quebec Civil Code (the “Legal Hypothec”) after all applicable Legal Hypothec periods have expired) and upon delivery to
the Lender of the following: 

  

	 	A.	a certificate of a senior officer of the Borrower (the “Officer’s Certificate”) stating the monies required in reimbursement for the costs and
expenses incurred by the Borrower to effect the Repair and describing such Repair and stating the amount expended; 

  

	 	B.	a certificate of an independent engineer, cost consultant or architect selected by the Borrower and approved by the Lender noting the date of completion of the Repair
and certifying (the “Independent Certificate”): 

  

	 	I.	as to accuracy of the hard costs set forth in the Officer’s Certificate and as to the holdbacks retained or required to be retained pursuant to the Legal Hypothec;

  

	 	II.	the Repair has been completed in accordance with the plans and specifications therefore and in compliance in all material respects with all provisions of all regional,
municipal and other governmental approvals, permits and consents obtained and with all zoning and building by-laws and regulations of any authorities having jurisdiction applicable thereto; and 

 

	 	III.	the signer of such Independent Certificate has no knowledge of any infraction of any other laws, by-laws or regulations (if any) applicable to the Repair which in the
opinion of such signer is material; provided that such Independent Certificate may make an exception as to matters, if any, which relate to the interpretation or application of the provisions of such approvals, permits, consents, laws, by-laws or
regulations referred to above which are currently under discussion with public officials and which in the opinion of the signer do not adversely affect the use of a Property for the purposes for which it is intended to be used and such other
evidence, if any, as the Lender may require in support of such statement; 

  

	 	C.	evidence satisfactory to the Lender that the Borrower has paid, or has made arrangements satisfactory to the Lender to provide payment of, the total cost of the Repair
and all costs and expenses incidental thereof and, if any policy or policies of insurance the proceeds of which shall have been received by the Lender shall be deductible insurance, evidence satisfactory to the Lender that the Borrower has paid the
full deductible amount in payment of costs and expenses incidental to the Repair; 

	 	D.	evidence satisfactory to the Lender that the Repair is in accordance with the provisions (if and to the extent applicable) pertaining thereto of any material agreement
relating to the Property and Permitted Encumbrances; 

  

	 	E.	an opinion of the Lender’s counsel that the Property so Repaired is subject to the security constituted by the Hypothec free and clear of all mortgages, charges,
liens, encumbrances, hypothecs and security interests (other than Permitted Encumbrances) ranking prior to or pari passu with the hypothecs or the security constituted under the Hypothec; 

 

	 	(e)	the balance of insurance proceeds in excess of the amount expended by the Borrower in the Repair and paid to the Lender shall be paid over by the Lender to the
Borrower, subject to the rights of any other Person (as defined in the Hypothec) thereto under the terms and conditions of the policies of insurance under which such proceeds have been paid. 

 

	7.	Notwithstanding anything to the contrary contained herein, the Lender may, at its option, apply, in accordance with paragraph 10 of this “Insurance”
section, any insurance proceeds held by it pursuant to the provisions herein to the prepayment or repayment of the Principal Amount, interest thereon, and all other amounts then owing to the Lender including, without limitation, the Yield
Maintenance: (i) at any time after the occurrence of any Default or Event of Default; or (ii) if within twelve (12) months of the date of the loss, damage or event in respect of which such insurance proceeds become payable either:
(A) such insurance proceeds have not been applied to Repair the Property; or (B) the Lender shall not have received evidence satisfactory to it that the Borrower has made arrangements for the Repair within a reasonable period of time,
having regard to the circumstances (provided, however, that if the Lender shall have received such evidence, then such twelve (12) month period may be extended by the Lender, at its sole discretion, by the period contemplated by such
arrangements). 

  

	8.	Any proceeds of insurance received and held by the Lender pursuant to this section shall, until disbursed by the Lender pursuant to this section or until applied by the
Lender to the prepayment or repayment of the Principal Amount, interest thereon, and all other amounts then owing to the Lender including, without limitation, the Yield Maintenance as aforesaid, whichever occurs first, be placed in an account and
interest paid monthly thereon shall be held to the benefit of the Borrower at the interest rate in effect for such account from time to time. 

  

	9.	 The Borrower covenants and agrees that until the Principal Amount, interest thereon, and all other amounts then owing to the Lender including, without
limitation, the Yield Maintenance is paid in full, if the Property or any part or parts thereof is totally or partially destroyed or damaged by any cause whatsoever, the Borrower, shall promptly after any such damage or destruction, commence and
proceed with, or cause to be commenced and proceeded with, the 

 
Repair of the damaged or destroyed Property and the Borrower, with all due diligence, shall Repair, or cause to be Repaired, such Property and replace, or cause to be replaced, the improvements
with other buildings of the same type and character and to as good a condition as those so damaged or destroyed. The Borrower acknowledges and agrees that it has the obligation to Repair as set out herein regardless of the sufficiency of insurance
proceeds payable in respect of damage or destruction to all or any part of the improvements and buildings; except: 
  

	 	(a)	if, pursuant to paragraph 6(b) or 6(c) of this “Insurance” section (other than in the case of a Default or an Event of Default), the Lender requires
that the insurance proceeds be used to pay or prepay the Principal Amount, interest thereon, and all other amounts then owing to the Lender including, without limitation, the Yield Maintenance instead of permitting the use of such insurance proceeds
to Repair the Property destroyed or damaged; or 

  

	 	(b)	if the Borrower elects not to Repair a damaged or destroyed Property pursuant to paragraph 6(b) or 6(c) of this “Insurance” section.

 Notwithstanding anything to the contrary contained herein, in the event that the Borrower elects not to Repair
the Property as set out in paragraph 6(b) or 6(c) of this “Insurance” section, then the Lender shall apply the proceeds of insurance to repay or prepay all or any portion of the Principal Amount in accordance with paragraph 10 of
this “Insurance” section and the Borrower shall pay to the Lender an amount equal the shortfall amount between the insurance proceeds received by the Lender for the Property and 110% of the outstanding Principal Amount of the
Property, taking into account: (i) all principal repayments made prior to the date of repayment or prepayment, to be applied to the outstanding Principal Amount; (ii) accrued interest and all other sums due on the Principal Amount of the
Property; and (iii) the Yield Maintenance on the Principal Amount of the Property. 
  

	10.	If and to the extent that the Lender uses the proceeds of insurance to repay or prepay all or any portion of the Principal Amount: 

 

	 	(a)	such repayment or prepayment shall be applied firstly against Yield Maintenance, secondly against the interest outstanding and thirdly to reduce the Principal Amount of
the Property; and 

  

	 	(b)	after such insurance proceeds is applied by the Lender as provided herein, the Lender shall update the Principal Amount and provide such information to the Borrower;
thereafter, the Principal Amount in section “Principal Amount” for the Property shall automatically be amended to record and reflect such updated Principal Amount; and 

 

	 	(c)	after any repayment or prepayment in accordance with the provisions of this section, the monthly payments payable set out in the “Repayment” section
shall be re-calculated based on the Principal Amount then outstanding and the remainder of the amortization period. 

  

	11.	The Borrower covenants and agrees to obtain from financially responsible insurance companies and to duly and punctually pay or cause to be paid all premiums and other
sums of money payable for effecting and maintaining all insurance on the Property as required and set out in Schedule “B”. 

 EVENTS OF DEFAULT 
 At the option of the Lender, the Loan shall become payable, the hypothecs in the Hypothec and any other security document granted to the Lender shall become enforceable and the Lender may, among other
things, require the Borrower and the Covenantors (collectively, the “Obligors” and each an “Obligor”) or any one of them to immediately pay the entire Principal Amount, interest thereon, and all other amounts then
owing to the Lender including, without limitation, the Yield Maintenance in each and every of the following events (an “Event of Default”): 
  

	1.	Failure by an Obligor to pay the principal and/or interests on the Loan when due and such failure shall continue for three days following the due date thereof;

  

	2.	Failure by an Obligor to comply with any other terms and conditions of this Commitment Letter, the Hypothec or any of the other documents and agreements in connection
with the Loan delivered to the Lender by the Obligors or any of them (as each is amended, restated, supplemented or otherwise modified from time to time) (collectively, “Loan Documents”, and each a “Loan Document”),
within 10 Business Days of receiving notice of such failure (provided that, if in the case of non-monetary defaults, rectification cannot reasonably be expected to be made within such 10 Business Day period, then within a reasonable period of time
thereafter provided that an Obligor commences such rectification within the said 10 Business Days and thereafter diligently pursues such rectification); provided that the grace period given in this section does not apply to the failure to comply
with terms and conditions of any of the Loan Documents that is the subject of another event of default in this section; 

  

	3.	Without the prior written consent of the Lender as required by any Loan Document (such consent not to be unreasonably withheld or delayed), a transaction resulting in
an Obligor or its undertaking and assets being transferred as an entirety or substantially as an entirety to any Person, including a direct or indirect sale, conveyance, transfer or other disposition of all or any of the shares in the capital of the
Borrower or Vitran Express Canada Inc. or all or substantially all of the shares in the capital of Vitran Corporation Inc. or a change in control of an Obligor (whether directly by the sale, transfer of shares or otherwise by way of a consolidation,
merger, amalgamation or other reorganization of an Obligor or by way of the sale, conveyance, transfer or other disposition of any interest or any part thereof) except for: 

 

	 	(a)	any such sale, conveyance, transfer or other disposition whereby the Borrower or Vitran Express Canada Inc. continues to be controlled, directly or indirectly, by
Vitran Corporation Inc.; or 

  

	 	(b)	any such sale, conveyance, transfer or other disposition whereby a Covenantor or any of its assets, property and undertaking is transferred to another entity and a
replacement guarantee and security agreement from another covenantor with substantially equivalent creditworthiness (as determined by the Lender, acting reasonably) is provided to the Lender prior to or at the same time as such sale, conveyance,
transfer or other disposition. 

 For the purposes hereof, “control” shall have the meaning ascribed thereto
in the Canada Business Corporations Act.  
  

	4.	The creation of any other encumbrances charging the Property, other than Permitted Encumbrances, not in accordance with the terms of the Loan Documents;

  

	5.	If there is a Material Adverse Change; 

  

	6.	If any of the representations or warranties made by any Obligor in the application for the Loan, in any document or certificate delivered pursuant hereto or in any Loan
Documents is incorrect, false or misleading in a material respect; 

  

	7.	If the Property is abandoned for a period exceeding 15 consecutive days; 

  

	8.	If an order is made or a resolution is passed for the winding-up, liquidation or dissolution of an Obligor, or if a petition is presented or filed for the winding-up of
an Obligor, whether pursuant to the Winding-up and Restructuring Act (Canada) or otherwise and such application is not stayed or dismissed within 30 days of the presentation of filing thereof; 

 

	9.	If an Obligor ceases or threatens to cease to carry on business, makes a bulk sale of its assets, or if the Borrower directly or indirectly sells, conveys, transfers or
attempts to dispose of, sell, convey or transfer the Property or any part or parts thereof or any of its interest therein, or if a receiver or trustee for an Obligor or any of its property or assets is appointed (whether privately or by court
order); 

  

	10.	If an involuntary proceeding shall be commenced or an involuntary application shall be filed seeking (i) liquidation, reorganization or other relief in respect of
an Obligor or its debts, or of a substantial part of its assets, under any federal or provincial bankruptcy, insolvency, receivership or similar law now or hereafter in effect or (ii) the appointment of a receiver, interim receiver, trustee,
custodian, sequestrator, monitor, administrator, conservator or similar official for any Obligor or for a substantial part of its assets, and in any such case, such proceeding or application shall continue undismissed or unstayed for 30 days or an
order or decree approving or ordering any of the foregoing shall be entered; 

  

	11.	If any Obligor shall (i) voluntarily commence any proceeding or file any application seeking liquidation, reorganization or other relief under any federal or
provincial bankruptcy, insolvency, receivership or similar law now or hereafter in effect, (ii) consent to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or application described in paragraph 10 of
this Section, (iii) apply for or consent to the appointment of a receiver, interim receiver, trustee, custodian, sequestrator, monitor, administrator, conservator or similar official for such Obligor or for a substantial part of its assets,
(iv) file an answer admitting the material allegations of an application filed against it in ay such proceeding, (v) make a general assignment of benefit of creditors or (vi) take any action for the purpose of effecting any of the
foregoing; 

  

	12.	If an execution or any other process of any court becomes enforceable against an Obligor or if a distress or analogous process is initiated or levied against or upon
the Property or any part thereof; 

	13.	If an Obligor permits any sum which has been admitted as due by an Obligor or is not disputed to be due by it and which forms or is capable of being made a hypothec or
charge on the Property or any part thereof in priority to the Lender’s security interest or hypothecs to remain unpaid after proceedings have been taken to enforce such hypothec or charge; 

 

	14.	If an Obligor defaults in the observance or performance of any provision relating to the indebtedness or liability of such Obligor to any Person (other than the Lender)
in excess of $7,500,000 which default, after the expiry of any cure period with respect thereto, results in acceleration of such indebtedness or liability before its scheduled maturity date, or such Obligor fails to pay such indebtedness or
liability on its scheduled maturity date; 

  

	15.	If any licence, permit or approval required by any law, regulation or governmental policy or any governmental agency or commission for the operation of the business of
an Obligor or the Property shall be withdrawn or cancelled and a replacement, reinstatement or reissuance of the applicable licence, permit or approval for the operation of the business of an Obligor or the Property has not occurred within 60 days
after such withdrawal or cancellation; 

  

	16.	If an Event of Default (under and as defined in the amended and restated commitment letter dated of as the date hereof issued by the Lender and accepted by Vitran
Express Canada Inc., as borrower, and Vitran Corporation Inc. and the Borrower, as covenantors occurs; 

  

	17.	If there is any contamination placed, held, located or disposed of on, under or at the Property that exceeds the criteria related thereto set out under any
Environmental Laws (as defined in the Hypothec) which is required to be remediated by any applicable Governmental Authority; 

  

	18.	If any Obligor denies, to any extent, its obligations hereunder or under the other Loan Documents or if any Obligor claims that such obligations are invalid in whole or
in part; 

  

	19.	If any Loan Document is determined by a court of competent jurisdiction to be invalid or unenforceable by the Lender in whole or in part, or is invalidated in whole or
in part and such Loan Document is not, at the request of the Lender, replaced within 30 days with a legal, valid, binding and enforceable document equivalent thereto in form and substance acceptable to the Lender; provided that such 30 day cure
period shall only be available if the Obligors actively co-operate with the Lender in creating such replacement Loan Document; 

  

	20.	If, at any time after execution and delivery thereof, the validity or enforceability of this Agreement or any other Loan Document is contested by an Obligor or an
Obligor denies in writing that it has any or further liability or obligations under any Loan Document; 

  

	21.	If the Hypothec ceases to be a valid and opposable charge, security interest or hypothec, subject to Permitted Encumbrances, and the default is not cured to the
satisfaction of the Lender within 5 days, or such longer period as may be required to cure such default after the earlier of: (i) notice of such default is provided by the Lender to the Borrower; or (ii) any of the Obligors becomes aware
of such default; or 

  

	22.	If the Lender receives a notice of cancellation of insurance from an insurer which notice is not retracted forthwith following receipt or replacement insurance which
complies with the requirements of the Lenders set out in Schedule “B” under this Commitment Letter is not put in place on or before the expiry date of coverage of such insurance. 

 AUTHORIZATION AND DIRECTION OF HYPOTHECATED PROCEEDS 

If at the time of any advance of the Loan, there is a hypothec, security interest, or other financial encumbrance (each a “Charge”)
registered or existing at the Land Registry Office against title to the Property or in the Personal and Movable Real Rights Registry which is not permitted by the Lender, the Lender may require that its counsel apply any or all of the proceeds of
the advance to pay out such Charge on behalf of the Borrower by payment directly to the holder thereof. If such payout is required, the Borrower will irrevocably direct and authorize the Lender and its counsel to make such pay-out and agrees to
obtain and register discharges of any such Charge as soon as possible after such pay-out provided that the executed discharge of any hypothec must be delivered in registrable form in exchange for such pay-out. In signing this Commitment Letter
the Borrower authorizes the Lender to pay the balance of the Loan proceeds directly to the Borrower’s counsel. 
 APPLICATION OF
PROCEEDS 
 Except as herein otherwise expressly provided, the moneys arising from the possession by the Lender of the Property or from
any sale or realization of the whole or any part of the Property (except by foreclosure) pursuant to any proceedings following the occurrence of an Event of Default, whether under any sale by the Lender or by judicial proceedings or otherwise, shall
be applied first to pay or reimburse to the Lender the costs, charges, expenses, advances and compensation of the Lender incurred in taking, recovering, preserving, protecting and keeping possession of the Property or generally in any other
proceedings taken hereunder in connection with or to realize upon the security hereof, with interest thereon as herein provided, and all Taxes, utility charges, and other charges ranking pari passu with or in priority to the Lender’s hypothecs
in the Property, and the residue of the said moneys shall be applied first in or towards payment of accrued interest due and payable, second in or towards payment of the Principal Amount due and payable, third in or towards payment of other moneys
(if any) due and payable to the Lender pursuant to this Commitment Letter or any of the other Loan Documents, fourth to all Persons (if any) other than the Borrower entitled thereto by law and the surplus (if any) of such moneys shall be paid to the
Borrower or its successors or assigns. 
 NON-MERGER 
 It is understood and agreed that the execution, delivery and registration of the Hypothec and any other security shall in no way extinguish this Commitment Letter or the terms and conditions hereof which
shall survive and continue in full force and effect. In the case of any inconsistency or conflict between any of the provisions of the Commitment Letter and any of the provisions of the Hypothec, such inconsistency or conflict shall be resolved in
the following manner: 
  

	 	•	 	 with regards to the granting of the immovable and movable hypothecs, the description of the hypothecated immovable and movable property and the rights
and recourses of the Lender in connection with the immovable and movable hypothecs, by giving precedence to the Hypothec; 

  

	 	•	 	 with regards to specific payment amounts and obligations relating to the loan: by giving precedence to the Commitment Letter;

  

	 	•	 	 with regards to general obligations relating to the loan and conditions precedent to the disbursement of the loan: by giving precedence to the
Commitment Letter. 

 In the event of any conflict, inconsistency, ambiguity or difference between any provisions of this
Commitment Letter and any other Loan Document, the applicable provisions of the Commitment Letter shall govern and be paramount and any such provision of the other Loan Document shall be deemed to be amended to the extent necessary to eliminate any
such conflict, inconsistency, ambiguity or difference. Notwithstanding the foregoing, (i) if there is any provision set out in this Commitment Letter or any part thereof which is not set out or provided for in the other Loan Document or vice
versa, such additional provision shall not constitute a conflict, inconsistency, ambiguity or difference, and (ii) a provision in this Commitment Letter and a provision in the other Loan Document shall not be considered to be inconsistent if
both relate to the same subject matter and the provision in one imposes more onerous obligations or restrictions than the corresponding provision in the other document in which case the more onerous and restrictive provision, where ever contained,
shall prevail. 
 WAIVER 

The Lender’s failure to insist upon strict performance of any obligation or covenant in any Loan Document by the Borrower or to exercise any option
or right herein shall not be a waiver for the future of such obligations or covenant, but the same shall remain in effect and the Lender shall have the right to insist upon strict performance by the Borrower of any and all of the terms of the Loan
Documents. 
 INTERPRETATION OF CONTRACT 
 This Commitment Letter shall be governed by the laws of the Province of Quebec and the federal laws of Canada applicable therein. 
 CONDITIONS 
 All conditions of the obligation of the Lender to make advances are
imposed solely for the benefit of the Lender and its assigns and any or all of such conditions of the obligation of the Lender to make advances, may be waived in whole or in part at any time in its discretion it deems it advisable to do so.

 PERSONAL INFORMATION 

Quebec’s Act respecting the Protection of Personal Information in the Private Sector (the “PPIPSA”) and Canada’s
Personal Information Protection and Electronic Documents Act (the “PIPEDA”) are intended to protect the confidentiality of information about an identifiable individual that is recorded in any form (“Personal
Information”). 
 By evidence of their respective signatures to this Commitment Letter, each signatory to this Commitment Letter hereby
expressly consents and authorizes the Lender to collect, use, or disclose to third parties its Personal Information as required and as permitted pursuant to the PPIPSA and the PIPEDA or other laws, for the purpose of underwriting, funding and
administration. Such third parties may include mortgage loan investors, mortgage loan trustees, law firms, insurance companies, credit bureaus or other third parties involved in the mortgage loan industry. 

A copy of the Lender’s privacy policy or procedures may be obtained by contacting the Lender’s Chief Privacy Officer at its Vancouver offices.

 COMMITMENT NOT TRANSFERABLE OR ASSIGNABLE 

This Commitment Letter may not be transferred or assigned without the Lender’s express written consent and approval not to be unreasonably withheld
or delayed. Any request to transfer or assign this Commitment Letter must be in compliance with the terms of the Loan Documents and accompanied by such information and documentation as may be reasonably requested by the Lender. The Lender (and its
successors and assigns) may, at its sole discretion and without notice to or the consent of the Borrower or any Covenantor(s), assign, sell or transfer the Loan, this Commitment Letter and the other Loan Documents, in whole or in part, and the
Borrower and Covenantor(s) hereby consent to the disclosure by the Lender on strictly confidential basis to any such assignee, transferee or participant of all information and documentation regarding the Loan, the Property, the Borrower and the
Covenantors within the possession and control of the Lender. 
 CONSENT TO DISCLOSURE 

Each of the Borrower and Covenantor(s) acknowledges and agrees that the Loan (or securities or certificates backed by or representing any interest in the
Loan or a pool of loans which includes the Loan) may be sold or securitized into the secondary market without restriction and without notice to or the consent of the Borrower or any Covenantor(s). The Lender may release, disclose, exchange, share,
transfer and assign from time to time on a strictly confidential basis, as it may determine in its sole discretion, all information and materials (including financial statements and information concerning the status of the Loan, such as existing or
potential Loan defaults, lease defaults or other facts or circumstances which might affect the performance of the Loan) provided to or obtained by the Lender relating to any Borrower or Covenantor(s), the Property or the Loan without restriction and
without notice to or the consent of the Borrower or any Covenantor(s) as follows: (i) to any subsequent or proposed purchaser of the Loan and its third party advisors and agents, such as counsel, accountants, consultants, appraisers, credit
verification sources and servicers; (ii) to any governmental authority having jurisdiction over such sale or securitization of the Loan or Loan pool or any trade of any interest in the Loan or Loan pool; and (iii) to any other Person in
connection with the sale, assignment or securitization of the Loan or in connection with any collection or enforcement proceedings taken under or in respect of the Loan and/or the Loan Documents. Each of the Borrower and Covenantor(s) irrevocably
consents to the collection, obtaining, release, disclosure, exchange, sharing, transfer and assignment of all such information and materials. 

INFORMATION AND MATERIALS 
 The
Borrower warrants that all information and materials, except for projections, provided or delivered to the Lender in connection with the Loan are correct and complete as of the date provided and will continue to be correct and complete on the date
of advance, failing which the Lender shall have no obligation to advance the Loan. All projections provided to the Lender have been prepared in good faith based upon assumptions believed to be reasonable at the time delivered. The Borrower
acknowledges that the Lender’s decision to make the Loan will be based on all such information and materials. The Borrower shall promptly disclose to the Lender from time to time any and all changes in such information and materials or any
additional information or materials which may reasonably be expected to influence the Lender’s decision to make the Loan. 

 SURVIVAL OF REPRESENTATIONS, WARRANTIES AND COVENANTS 

The representations, warranties, covenants and obligations of each Borrower or Covenantor(s) contained in each Loan Document shall (i) survive any
advance or repayment of the Loan, any full or partial release, termination or discharge of any Loan Document, and any remedial proceedings taken by the Lender under any Loan Document or applicable law, (ii) enure to the benefit of the Lender
and (iii) be fully effective and enforceable by the Lender notwithstanding any due diligence performed by or on behalf of the Lender or any breach or other information (to the contrary or otherwise) known to the Lender at any time. Such
representations and warranties are deemed to be made on the date of execution of each such Loan Document and are deemed repeated as of Loan closing. 
 DUE ON SALE CLAUSE 
  

	1.	At the sole option of the Lender, the whole of the then unpaid portion of the Principal Amount, interest thereon, all other amounts then owing to the Lender including,
without limitation, the Yield Maintenance and all of the Lender costs and expenses shall forthwith become due and payable as of the date of: 

  

	 	(a)	a direct or indirect sale, conveyance, transfer or other disposition (including the assignment, leasing or subleasing) of the whole or any portion of the Property or
any interest therein (except where such sale, conveyance, transfer or other disposition is consented to by the Lender as provided for herein or in the Hypothec); 

 

	 	(b)	a direct or indirect sale, conveyance, transfer or other disposition of any of the shares in the capital of the Borrower or a change in control of the Borrower (whether
directly by the sale, transfer of shares or otherwise by way of a consolidation, merger, amalgamation or other reorganization of the Borrower or by way of the sale, conveyance, transfer or other disposition of any interest or any part thereof of the
Borrower) (except where such sale, conveyance, transfer, other disposition or change of control is expressly permitted herein or in the Hypothec or is consented to by the Lender as provided for herein or in the Hypothec); or

  

	 	(c)	a transaction resulting in the Borrower, its undertaking and assets being transferred as an entirety or substantially as an entirety to any Person (except where such
transaction is expressly permitted herein or in the Hypothec or is consented to by the Lender as provided for herein or in the Hypothec). 

  

	2.	No direct or indirect sale, transfer, conveyance, or other disposition of the Property or the Borrower’s interest therein or any part or parts thereof shall,
unless the Lender has expressly agreed thereto in writing, release the Borrower or any Covenantor from its obligations under this Commitment Letter or any of the other Loan Documents. 

 

	3.	In the event that the Lender consents to a direct or indirect sale, transfer, conveyance, or other disposition of the Property or the Borrower’s interest therein
or any part or parts thereof, such consent shall not be deemed to be a waiver of the rights to require prior written consent for future or successive transactions of similar nature. The terms of the direct or indirect sale, transfer, conveyance, or
other disposition of the Property or the Borrower’s interest therein or any part or parts thereof shall also be subject to the Lender’s approval and the Lender may at its sole and absolute discretion, require the amendment of this
Commitment Letter or any of the other Loan Documents. 

 EXPROPRIATION 
 In the event that the Property or any part thereof is expropriated with the result that, in the Lender’s reasonable opinion, the undertaking, property and assets of the Borrower encumbered by the
Hypothec are materially and adversely affected, the Lender may, at its option, require that the whole of the then unpaid portion of Principal Amount, interest thereon, all other amounts then owing to the Lender including, without limitation, the
Yield Maintenance and all of the Lender costs and expenses become due and payable as of the date of the expropriation. 
 AMENDMENTS TO
COMMITMENT LETTER 
 Any waiver of any provision of this Commitment Letter and any amendment to this Commitment Letter must be in writing
and signed by an authorized representative of the Borrower, the Covenantor(s) and the Lender, duly authorized for that purpose. 
 NOTICE

 Any notice, election, demand, declaration or request which may or is required to be given or made hereunder (unless otherwise required
by law) be given or made in writing and shall be deemed given if served personally upon the party for whom it is intended or if mailed by prepaid registered post or sent by facsimile addressed to the party for whom it is intended at its or their
address as follows: 
 in the case of the Lender to it at: 

			
		
		  	CMLS Financial Ltd.
		  	Suite 2110 – 1066 West Hastings Street
		  	Vancouver, British Columbia V6E 3X2
		
		  	Attention:        Suki Grewal
		  	Fax:                 604-687-2118

 in the case of the Borrower or a Covenantor to it at: 

			
		
		  	Expediteur T.W. Ltee.
		  	1201 Creditstone Road
		  	Concord, Ontario
		  	L4K 0C2
		
		  	Attention:        Fayaz D. Suleman
		  	Fax:                 416-596-8039

 and every such notice shall be deemed to have been given upon the day it was personally served or, if mailed, upon the
fifth Business Day after it was mailed . Any notice made or given by facsimile on a Business Day before 5:00 p.m. (local time of the recipient) shall be conclusively deemed to have been given and received on such Business Day, and otherwise shall be
conclusively deemed to have been given and received on the first Business Day following the transmittal thereof. Either party may 

 
designate in writing a substitute address and thereafter notice shall be directed to such substituted address. In the event of a postal strike or other interruption of mail service, then all
notices must be delivered personally or by telecopier to the addresses set out or such other addresses as may have been designated. 

LEGAL AND OTHER COSTS 
 All third
party costs and expenses incurred whether directly or indirectly by the Lender, whether directly or indirectly in connection with this Commitment Letter or any other Loan Documents, including without limitation reasonable legal fees and
disbursements, appraisal fees, title insurance and insurance consultant’s fees, are payable by the Borrower whether or not the transaction proceeds as contemplated, and may be deducted from the proceeds of the Loan. The Borrower shall pay all
reasonable costs and expenses imposed by the Lender in connection with any amendments to the Hypothec or the other Loan Documents, the discharge or assumption of the Hypothec or other hypothec, the preparation of any deed of hypothec or registration
thereof, dishonoured payments or similar matters during the term of the Loan. 
 FUNDING REQUESTS 

Once all conditions of the Commitment Letter have been met, the Lender will order funds and process all advances upon receipt of a minimum of five
(5) clear Business Days’ notice prior to the intended date of funding. 
 COUNTERPARTS 

This Commitment Letter may be executed in several counterparts, each of which shall be deemed to be an original and all counterparts, taken together,
shall constitute one and the same instrument and it shall not be necessary in making proof of this Commitment Letter to produce or account for more than one such counterpart signed manually or by facsimile copy thereof. 

ELECTRONIC TRANSMISSION 
 An
electronically transmitted version of this signed Commitment Letter may be relied upon by the parties to the same extent as the original executed version. 
 TIME 
 Time shall be of the essence of this Commitment Letter. 

BINDING EFFECT 
 Acceptance
thereof shall constitute a binding contract from the date of acceptance and shall enure to the benefit of and be binding upon the successors and assigns of the parties hereto respectively and shall continue in full force and effect notwithstanding
registration of the Hypothec and related securities. 

 LANGUAGE CLAUSE 
 The parties hereto have agreed and requested that this Commitment Letter and other related documents be drafted in English language only; les parties aux présentes ont exigé et
demandé que cette convention et tout autre document relié soient rédigés en langue anglaise seulement. 

 Yours truly, 
 CMLS FINANCIAL LTD. 
  

					
			
	 /s/ Beverly White
	 		 	/s/ Suki Grewal
	 Beverly White
	 		 	Suki Grewal
	 President
	 		 	Manager

 ACCEPTED by the Borrower this
30th day of November, 2011. 

EXPEDITEUR T.W. LTEE. 
  

			
		
	Per:	 	/s/ Richard E. Gaetz
	I/We have the authority to bind the corporation

 COVENANTOR(S) 
 VITRAN CORPORATION INC. 

			
		
	Per:	 	/s/ Richard E. Gaetz
	 I/We have the authority to bind the corporation

		
	Per:	 	 
	 I/We have the authority to bind the corporation

 VITRAN EXPRESS CANADA INC. 

			
		
	Per:	 	/s/ Richard E. Gaetz
	I/We have the authority to bind the corporation
	Print name:

  

			
		
	Per:	 	 
	I/We have the authority to bind the corporation
	Print name:Second Amended and Restated Credit Agreement

 Exhibit 10.1 
  

 
  

SECOND AMENDED AND RESTATED CREDIT AGREEMENT 
 dated as of 
 October 18, 2011 

among 
 WMS
INDUSTRIES INC., 
 as Borrower, 
 The other Loan Parties, 
 The Lenders Party Hereto 

and 
 JPMORGAN
CHASE BANK, N.A., 
 as Administrative Agent 

 
  

J.P. MORGAN SECURITIES LLC, 
 as Joint Bookrunner and Joint Lead Arranger, 
 MERRILL LYNCH, PIERCE,
FENNER & SMITH INCORPORATED 
 as Joint Bookrunner and Joint Lead Arranger, 

and 
 BANK OF
AMERICA, N.A., 
 as Syndication Agent 
 and 
 KEYBANK NATIONAL ASSOCIATION, WELLS FARGO BANK, NATIONAL 

ASSOCIATION AND COMPASS BANK 
 as Co-Documentation Agents 
 and 

UNION BANK N.A. 
 as Senior Managing Agent 
  

 
  

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
		
	 ARTICLE I DEFINITIONS
	  	 	1	  
		
	 Section 1.01 Defined Terms
	  	 	1	  
	 Section 1.02 Classification of Loans and Borrowings
	  	 	26	  
	 Section 1.03 Terms Generally
	  	 	26	  
	 Section 1.04 Accounting Terms; GAAP
	  	 	26	  
		
	 ARTICLE II THE CREDITS
	  	 	27	  
		
	 Section 2.01 Commitments
	  	 	27	  
	 Section 2.02 Loans and Borrowings
	  	 	28	  
	 Section 2.03 Requests for Revolving Borrowings
	  	 	28	  
	 Section 2.04 Increase in the Commitments
	  	 	29	  
	 Section 2.05 Swingline Loans
	  	 	31	  
	 Section 2.06 Letters of Credit
	  	 	33	  
	 Section 2.07 Funding of Borrowings
	  	 	37	  
	 Section 2.08 Interest Elections
	  	 	38	  
	 Section 2.09 Termination and Reduction of Commitments
	  	 	40	  
	 Section 2.10 Repayment of Loans; Evidence of Debt
	  	 	40	  
	 Section 2.11 Prepayment of Loans
	  	 	41	  
	 Section 2.12 Fees
	  	 	42	  
	 Section 2.13 Interest
	  	 	43	  
	 Section 2.14 Alternate Rate of Interest
	  	 	44	  
	 Section 2.15 Increased Costs
	  	 	45	  
	 Section 2.16 Break Funding Payments
	  	 	46	  
	 Section 2.17 Taxes
	  	 	47	  
	 Section 2.18 Payments Generally; Pro Rata Treatment; Sharing of Set-offs
	  	 	48	  
	 Section 2.19 Mitigation Obligations; Replacement of Lenders
	  	 	51	  
	 Section 2.20 Defaulting Lenders
	  	 	52	  
	 Section 2.21 Foreign Exchange Rate
	  	 	53	  
		
	 ARTICLE III REPRESENTATIONS AND WARRANTIES
	  	 	54	  
		
	 Section 3.01 Organization; Powers
	  	 	54	  
	 Section 3.02 Authorization; Enforceability
	  	 	54	  
	 Section 3.03 Governmental Approvals; No Conflicts
	  	 	54	  
	 Section 3.04 Financial Condition; No Material Adverse Change
	  	 	54	  
	 Section 3.05 Properties
	  	 	55	  
	 Section 3.06 Litigation and Environmental Matters
	  	 	55	  
	 Section 3.07 Compliance with Laws, Online Gaming and Agreements
	  	 	55	  
	 Section 3.08 Investment Company Status
	  	 	56	  
	 Section 3.09 Taxes
	  	 	56	  
	 Section 3.10 ERISA
	  	 	56	  

  
 i 

 TABLE OF CONTENTS 

(continued) 
  

					
	 	  	Page	 
	 Section 3.11 Insurance
	  	 	56	  
	 Section 3.12 Subsidiaries
	  	 	56	  
	 Section 3.13 Solvency
	  	 	56	  
	 Section 3.14 Common Enterprise
	  	 	57	  
	 Section 3.15 Indebtedness
	  	 	57	  
	 Section 3.16 Margin Regulations
	  	 	57	  
	 Section 3.17 Disclosure
	  	 	57	  
		
	 ARTICLE IV CONDITIONS
	  	 	58	  
		
	 Section 4.01 Effective Date
	  	 	58	  
	 Section 4.02 Each Credit Event
	  	 	59	  
		
	 ARTICLE V AFFIRMATIVE COVENANTS
	  	 	60	  
		
	 Section 5.01 Financial Statements and Other Information
	  	 	60	  
	 Section 5.02 Notices of Material Events
	  	 	62	  
	 Section 5.03 Existence; Conduct of Business
	  	 	63	  
	 Section 5.04 Payment of Obligations
	  	 	63	  
	 Section 5.05 Maintenance of Properties; Insurance
	  	 	63	  
	 Section 5.06 Books and Records; Inspection Rights
	  	 	63	  
	 Section 5.07 Compliance with Laws
	  	 	63	  
	 Section 5.08 Use of Proceeds and Letters of Credit
	  	 	63	  
	 Section 5.09 Further Assurances
	  	 	64	  
		
	 ARTICLE VI NEGATIVE COVENANTS
	  	 	64	  
		
	 Section 6.01 Indebtedness
	  	 	64	  
	 Section 6.02 Liens
	  	 	67	  
	 Section 6.03 Fundamental Changes
	  	 	67	  
	 Section 6.04 Change in Nature of Business
	  	 	68	  
	 Section 6.05 Investments and Guarantees
	  	 	68	  
	 Section 6.06 Restricted Payments
	  	 	71	  
	 Section 6.07 Transactions with Affiliates
	  	 	71	  
	 Section 6.08 Financial Covenants
	  	 	72	  
	 Section 6.09 Subordinated Debt
	  	 	72	  
	 Section 6.10 Patriot Act
	  	 	72	  
		
	 ARTICLE VII EVENTS OF DEFAULT
	  	 	73	  
		
	 ARTICLE VIII THE ADMINISTRATIVE AGENT
	  	 	75	  
		
	 ARTICLE IX MISCELLANEOUS
	  	 	77	  
		
	 Section 9.01 Notices
	  	 	77	  
	 Section 9.02 Waivers; Amendments
	  	 	79	  

  
 ii 

 TABLE OF CONTENTS 

(continued) 
  

					
	 	  	Page	 
	 Section 9.03 Expenses; Indemnity; Damage Waiver
	  	 	80	  
	 Section 9.04 Successors and Assigns
	  	 	81	  
	 Section 9.05 Survival
	  	 	84	  
	 Section 9.06 Counterparts; Integration; Effectiveness
	  	 	85	  
	 Section 9.07 Severability
	  	 	85	  
	 Section 9.08 Right of Setoff
	  	 	85	  
	 Section 9.09 Governing Law; Jurisdiction; Consent to Service of Process
	  	 	86	  
	 Section 9.10 WAIVER OF JURY TRIAL
	  	 	86	  
	 Section 9.11 Headings
	  	 	87	  
	 Section 9.12 Confidentiality
	  	 	87	  
	 Section 9.13 Interest Rate Limitation
	  	 	87	  
	 Section 9.14 USA PATRIOT Act
	  	 	88	  
	 Section 9.15 Cooperation with Gaming Boards
	  	 	88	  
	 Section 9.16 Judgment Currency
	  	 	88	  
	 Section 9.17 Effect of Amendment and Restatement; Reaffirmation of other Loan Documents
	  	 	89	  
		
	 ARTICLE X GUARANTY
	  	 	89	  
		
	 Section 10.01 Guaranty
	  	 	89	  
	 Section 10.02 Guaranty of Payment
	  	 	89	  
	 Section 10.03 No Discharge or Diminishment of Subsidiary Guaranty
	  	 	90	  
	 Section 10.04 Defenses Waived
	  	 	90	  
	 Section 10.05 Rights of Subrogation
	  	 	91	  
	 Section 10.06 Reinstatement; Stay of Acceleration
	  	 	91	  
	 Section 10.07 Information
	  	 	91	  
	 Section 10.08 Termination
	  	 	91	  
	 Section 10.09 Taxes
	  	 	92	  
	 Section 10.10 Maximum Liability
	  	 	92	  
	 Section 10.11 Contribution
	  	 	92	  
	 Section 10.12 Liability Cumulative
	  	 	93	  

  
 iii

 EXHIBITS : 
  

			
	Exhibit A	  	– Form of Assignment and Assumption
	Exhibit B	  	– Form of Document Checklist
	Exhibit C	  	– Compliance Certificate
	Exhibit D	  	– Joinder Agreement
	
	OTHER SCHEDULES:
		
	Schedule 1.01	  	– Foreign Currency Administrative Schedule
	Schedule 2.01	  	– Commitments
	Schedule 2.06	  	– Existing Letters of Credit

  
 iv 

 SECOND AMENDED AND RESTATED CREDIT AGREEMENT dated as of October 18, 2011 (as
amended, restated, supplemented or otherwise modified from time to time, this “Agreement”) among WMS INDUSTRIES INC., a Delaware corporation, the other Loan Parties, the Lenders party hereto, and JPMORGAN CHASE BANK,
N.A., as Administrative Agent. 
 WHEREAS, Borrower, the other Loan Parties, certain Lenders (the “Restatement
Lenders”) and the Administrative Agent are parties to a certain Amended and Restated Credit Agreement dated as of September 25, 2009 (as heretofore amended, restated, supplemented or otherwise modified from time to time, the
“Restated Agreement”) and various other agreements; 
 WHEREAS, Borrower has requested that the Administrative
Agent and Restatement Lenders amend and restate the Restated Agreement in order to, among other things, increase the amount of the Commitments (as such term is defined in the Restated Agreement); 

WHEREAS, certain new Lenders will become party hereto and the Commitments will be amended and reallocated to the Lenders on the date
hereof as set forth on Schedule 2.01 hereto; 
 WHEREAS, as of the date hereof, certain Letters of Credit (as such
term is defined in the Restated Agreement) are outstanding which shall, on the date hereof, be deemed to be Letters of Credit hereunder and governed by the terms hereof; 
 WHEREAS, the Administrative Agent and Lenders are willing to amend and restate the Restated Agreement, subject to the terms and conditions set forth in this Agreement; and 

WHEREAS, it is the intention of the parties to this Agreement that upon execution of this Agreement, the Restated Agreement (and, except
as otherwise set forth in the following proviso, all obligations and rights of any party thereunder), shall be amended and restated by this Agreement; provided however, the obligations to repay the loans and advances arising under the
Restated Agreement shall continue in full force and effect but shall now be governed by the terms of this Agreement and the other Loan Documents (as defined below); 
 NOW, THEREFORE, in consideration of the premises and the agreements, provisions and covenants herein contained, Borrower, the other Loan Parties, the Lenders and the Administrative Agent agree to amend
and restate the Restated Agreement as follows: 
 ARTICLE I 

DEFINITIONS 
 SECTION 1.01 Defined Terms. As used in this Agreement, the following terms have the meanings specified below: 
 “ABR”, when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference
to the Alternate Base Rate. 

 “Account” has the meaning set forth in Article 9 of the UCC.

 “Acquisition” means any transaction, or any series of related transactions, consummated on or after
the Effective Date, by which Borrower or any of its Subsidiaries (a) acquires any going concern or all or substantially all of the assets of any Person, whether through purchase of assets, merger or otherwise or (b) directly or indirectly
acquires (in one transaction or as the most recent transaction in a series of transactions) at least a majority (in number of votes) of the Equity Interests of a Person which has ordinary voting power for the election of directors or other similar
management personnel of a Person (other than Equity Interests having such power only by reason of the happening of a contingency) or a majority of the outstanding Equity Interests of a Person. 

“Additional Commitment Lender” has the meaning assigned to such term in Section 2.04. 

“Adjusted LIBO Rate” means, with respect to any Eurodollar Borrowing for any Interest Period, an interest rate
per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a) the LIBO Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate. 
 “Administrative Agent” means JPMorgan Chase Bank, N.A. or any of its Affiliates in its capacity as administrative agent for the Lenders hereunder. 

“Administrative Questionnaire” means an Administrative Questionnaire in a form supplied by the Administrative
Agent. 
 “Affiliate” means, with respect to a specified Person, another Person that directly, or
indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 
 “Alternate Base Rate” means, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in
effect on such day plus  1/2 of 1% and (c) the
Adjusted LIBO Rate for a one month Interest Period on such day (or if such day is not a Business Day, the immediately preceding Business Day) plus 1%, provided that, for the avoidance of doubt, the Adjusted LIBO Rate for any day shall be
based on the rate appearing on the Reuters Screen LIBOR01 Page1 (or on any successor or substitute page) at approximately 11:00 a.m. London time on such day (without any rounding). Any change in the Alternate Base Rate due to a change in
the Prime Rate, the Federal Funds Effective Rate or the Adjusted LIBO Rate shall be effective from and including the effective date of such change in the Prime Rate, the Federal Funds Effective Rate or the Adjusted LIBO Rate, respectively.

 “Applicable Guarantor Percentage” has the meaning set forth in Section 10.11. 

“Applicable Percentage” means, with respect to any Lender, the percentage of the total Commitments represented by
such Lender’s Commitment; provided that in the case of Section 2.20 when a Defaulting Lender shall exist, “Applicable Percentage” shall mean the percentage of the total Commitments (disregarding any Defaulting
Lender’s Commitment) 

  
 2 

 
represented by such Lender’s Commitment. If the Commitments have terminated or expired, the Applicable Percentages shall be determined based upon the Commitments most recently in effect,
giving effect to any assignments and to any Lender’s status as a Defaulting Lender at the time of determination. 

“Applicable Rate” means, for any day, with respect to any ABR Loan, Eurodollar Loan or Eurocurrency Loan or with
respect to the Commitment Fees payable hereunder, as the case may be, the applicable rate per annum set forth next to the caption “ABR Spread”, “Eurodollar Spread”, “Eurocurrency Spread” or “Commitment Fee”,
as the case may be, based upon Borrower’s Status (Level I, Level II, or Level III Status as defined below) as reflected in the then most recent Financials (subject to the final paragraph of this definition): 

 

													
	 APPLICABLE
RATE
	  	LEVEL I
STATUS	 	 	LEVEL II
STATUS	 	 	LEVEL III
STATUS	 
	 ABR Spread
	  	 	0.25	% 	 	 	0.50	% 	 	 	0.75	% 
	 Eurodollar Spread and Eurocurrency Spread
	  	 	1.25	% 	 	 	1.50	% 	 	 	1.75	% 
	 Commitment Fee
	  	 	0.20	% 	 	 	0.25	% 	 	 	0.30	% 

 For the purposes of this definition, the following terms have the following meanings, subject to the
final paragraph of this definition: 
 “Level I Status” exists at any date if, as of the last day of the fiscal
quarter of the Borrower referred to in the most recent Financials, the Consolidated Net Funded Indebtedness to EBITDA Ratio is less than or equal to 1.00 to 1.00. 
 “Level II Status” exists at any date if, as of the last day of the fiscal quarter of the Borrower referred to in the most recent Financials, (i) the Borrower has not qualified for
Level I Status and (ii) the Consolidated Net Funded Indebtedness to EBITDA Ratio is less than or equal to 2.00 to 1.00. 

“Level III Status” exists at any date if, as of the last day of the fiscal quarter of the Borrower referred to in the most
recent Financials, (i) the Borrower has not qualified for Level I Status or Level II Status and (ii) the Consolidated Net Funded Indebtedness to EBITDA Ratio is greater than 2.00 to 1.00. 

The Applicable Rate shall be determined in accordance with the foregoing table based on the Borrower’s status (Level I,
Level II, or Level III Status) as reflected in the then most recent Financials. Adjustments, if any, to the Applicable Rate shall be effective five (5) Business Days after the Agent has received the applicable Financials. If the
Borrower fails to deliver the Financials to the Agent at the time required pursuant to this Agreement, then the Applicable Rate shall be the highest Applicable Rate set forth in the foregoing table until five (5) days after such Financials are
so delivered. Based upon the Financials (as such term is defined in the Restated Agreement) delivered by Borrower under the Restated Agreement, until the next such adjustment date occurring after the Effective Date, Borrower’s status shall be
Level I. 

  
 3 

 Notwithstanding the foregoing, in the event that any of the Financials or related Compliance
Certificate is shown to be inaccurate (regardless of whether this Agreement or the Commitments are in effect when such inaccuracy is discovered), and such inaccuracy, if corrected, would have led to the application of a higher Applicable Rate for
any period (an “Applicable Period”) than the Applicable Rate applied for such Applicable Period, then (i) the Borrower shall immediately deliver to the Administrative Agent a correct Compliance Certificate for such Applicable
Period, (ii) the Applicable Rate shall be determined based on the corrected Compliance Certificate, and (iii) the Borrower shall immediately pay to the Administrative Agent the accrued additional interest owing as a result of such
increased Applicable Rate for such Applicable Period, which payment shall be promptly applied by the Administrative Agent for the benefit of the Lenders in accordance with this Agreement. This paragraph shall not limit the rights of the
Administrative Agent or the Lenders under any other provision of this Agreement including, without limitation, under Article VII. 
 “Approved Fund” means any Person (other than a natural person) that is engaged in making, purchasing, holding or investing in bank loans and similar extensions of credit in the
ordinary course of its business and that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender. 

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

“Availability Period” means the period from and including the Effective Date to but excluding the earlier of the
Maturity Date and the date of termination of the Commitments. 
 “Board” means the Board of Governors of
the Federal Reserve System of the United States of America. 
 “Borrower” means WMS Industries Inc., a
Delaware corporation. 
 “Borrowing” means (a) Revolving Loans in Dollars of the same Type, made,
converted or continued on the same date, Foreign Currency Loans in the same Foreign Currency made or continued on the same date and, in the case of Eurodollar Loans or Foreign Currency Loans, as to which a single Interest Period is in effect, or
(b) a Swingline Loan. 
 “Borrowing Date” means any Business Day specified by the Borrower as a
date on which the Borrower requests the relevant Lenders to make Loans hereunder. 
 “Borrowing Request”
means a request by the Borrower for a Revolving Borrowing in accordance with Section 2.03. 
 “Business
Day” means any day that is not a Saturday, Sunday or other day on which commercial banks in Illinois or New York City are authorized or required by law to remain closed; provided that, (a) when used in connection with a
Eurodollar Loan or Eurocurrency Loan, the term “Business Day” shall also exclude any day on which banks are not open for 

  
 4 

 
dealings in eurocurrency deposits in the London interbank market and (b) with respect to notices and determinations in connection with, and payments of principal and interest on, Foreign
Currency Loans (i) such day is also a day for trading by and between banks in deposits for the applicable Foreign Currency in the interbank eurocurrency market, (ii) with respect to Foreign Currency Loans denominated in Euros, such day is
also a TARGET Day (as determined by the Administrative Agent) and (iii) with respect to Foreign Currency Loans denominated in a Foreign Currency other than Euros, such day is also a day on which banks are open for dealings in such Foreign
Currency in the city which is the principal financial center of the country of issuance of the applicable Foreign Currency. 

“Calculation Date” means the last Business Day of each calendar month (or any other day selected by the
Administrative Agent); provided that (a) the second Business Day preceding (or such other Business Day as the Administrative Agent shall deem applicable with respect to any Foreign Currency in accordance with rate-setting convention for
such Foreign Currency) (i) each Borrowing Date with respect to any Foreign Currency Loan or (ii) any date on which a Foreign Currency Loan is continued shall also be a “Calculation Date”, (b) each Borrowing Date with respect
to any other Loan made hereunder shall also be a “Calculation Date” and (c) the date of issuance, amendment, renewal or extension of a Letter of Credit shall also be a Calculation Date. 

“Capital Expenditures” means, without duplication, any expenditures for any purchase or other acquisition of any
asset which would be classified as a fixed or capital asset on a consolidated balance sheet of Borrower and its Subsidiaries prepared in accordance with GAAP, except for expenditures classified in accordance with GAAP as gaming operations equipment
therein. 
 “Capital Lease Obligations” of any Person means the obligations of such Person to pay rent
or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such
Person under GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP. 
 “Cash Equivalents” of any Person means any of the following types of Investments: 
 (a) readily marketable obligations issued or directly and fully guaranteed or insured by the United States of America or any agency or instrumentality thereof having maturities of not more than 360 days
from the date of acquisition thereof; provided that the full faith and credit of the United States of America is pledged in support thereof; 
 (b) time deposits with, or insured certificates of deposit or bankers’ acceptances of, any commercial bank that (i) (A) is a Lender or (B) is organized under the laws of the United
States of America, any state thereof or the District of Columbia or is the principal banking subsidiary of a bank holding company organized under the laws of the United States of America, any state thereof or the District of Columbia, and is a
member of the Federal Reserve System, (ii) issues (or the parent of which issues) commercial paper rated as described in clause 

  
 5 

 
(c) of this definition and (iii) has combined capital and surplus of at least $1,000,000,000, in each case with maturities of not more than 90 days from the date of acquisition thereof;

 (c) commercial paper issued by any Person (other than such Person and its Affiliates) organized under the laws of any state
of the United States of America and rated at least “Prime-1” (or the then equivalent grade) by Moody’s or at least “A-1” (or the then equivalent grade) by S&P, in each case with maturities of not more than 180 days from
the date of acquisition thereof; and 
 (d) money market funds registered under the Investment Company Act of 1940 which comply
with the criteria set forth in Securities Exchange Commission Rule 2a-7, which are administered by financial institutions that have the highest rating obtainable from either Moody’s or S&P, have portfolio assets of at least $5,000,000 and
the portfolios of which are limited solely to Investments of the character, quality and maturity described in clauses (a), (b) and (c) of this definition. 
 “Change in Control” means: 
 (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, 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 (such right, an “option right”) whether such right is exercisable immediately or only after the passage of time), directly or
indirectly, of a majority 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); 
 (b) during any period of 24 consecutive months, a
majority of the members of the board of directors or other equivalent governing body of the Borrower cease to be composed of individuals (i) who were members of that board or equivalent governing body on the first day of such period,
(ii) whose election or nomination to that board or equivalent governing body was approved by individuals referred to in clause (i) above constituting at the time of such election or nomination at least a majority of that board or
equivalent governing body, or (iii) whose election or nomination to that board or other equivalent governing body was approved by individuals referred to in clauses (i) and (ii) above constituting at the time of such election or
nomination at least a majority of that board or equivalent governing body (excluding, in the case of both clause (ii) and clause (iii), any individual whose initial nomination for, or assumption of office as, a member of that board or
equivalent governing body occurs as a result of an actual or threatened solicitation of proxies or consents for the election or removal of one or more directors by any person or group other than a solicitation for the election of one or more
directors by or on behalf of the board of directors); or 
 (c) any Person or two or more Persons acting in concert shall have
acquired, by contract or otherwise, the power to exercise, directly or indirectly, a controlling influence 

  
 6 

 
over the management or policies of the Borrower, or control over 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) representing a majority of the combined voting power of such securities. 

“Change in Law” means (a) the adoption of any law, rule, regulation or treaty after the date of this
Agreement, (b) any change in any law, rule or regulation or in the interpretation or application thereof by any Governmental Authority after the date of this Agreement or (c) compliance by any Lender or any Issuing Bank (or, for purposes
of Section 2.15(b), (c) or (d), by any lending office of such Lender or by such Lender’s or such Issuing Bank’s holding company, if any) with any request, guideline or directive (whether or not having the force of law) of any
Governmental Authority made or issued after the date of this Agreement; provided that notwithstanding anything herein to the contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules guidelines
or directives thereunder, issued in connection therewith or in implementation thereof, and (ii) all requests, rules, guidelines and directives with respect to Basel III promulgated by Bank for International Settlements, the Basel Committee
on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, shall in each case, be deemed to be a “Change in Law”, regardless of the date enacted, adopted or issued or implemented.

 “Charges” has the meaning assigned to such term in Section 9.13. 

“Class”, when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising
such Borrowing, are Revolving Loans or Swingline Loans. 
 “Closing Document List” means the closing
document checklist attached hereto as Exhibit B. 
 “Code” means the Internal Revenue Code
of 1986, as amended from time to time. 
 “Co-Documentation Agents” means KeyBank, National Association,
Wells Fargo Bank, National Association and Compass Bank, in their respective capacities as Co-Documentation Agents. 

“Commitment” means, with respect to each Lender, the commitment of such Lender to make Revolving Loans and
Foreign Currency Loans, and to acquire participations in Letters of Credit and Swingline Loans hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Revolving Credit Exposure hereunder, as such commitment
may be (a) increased from time to time in accordance with Section 2.04, (b) reduced from time to time pursuant to Section 2.09 and (c) reduced or increased from time to time pursuant to assignments by or to such Lender
pursuant to Section 9.04. The initial amount of each Lender’s Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Commitment, as applicable. The
initial aggregate amount of the Lenders’ Commitments is $400,000,000. 
 “Commitment Fee” has the
meaning assigned to such term in Section 2.12. 

  
 7 

 “Commitment Increase” has the meaning assigned to such term in
Section 2.04. 
 “Commitment Increase Date” has the meaning assigned to such term in
Section 2.04. 
 “Compliance Certificate” has the meaning assigned to such term in
Section 5.01(c). 
 “Consolidated Capital Expenditures” means, for any period, the Capital
Expenditures of Borrower and its Subsidiaries calculated on a consolidated basis for such period in accordance with GAAP. 

“Consolidated EBITDA to Interest Expense Ratio” means, as of the last day of any fiscal quarter, for the four
fiscal quarter period ended on such date, the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense. 

“Consolidated EBITDA” means, for any period, Consolidated Net Income for such period plus,
(a) without duplication and to the extent deducted from revenues in determining Consolidated Net Income for such period, (i) Consolidated Interest Expense for such period, (ii) expense for taxes accrued for such period,
(iii) Consolidated Share-Based Payment Expenses for such period, (iv) depreciation and amortization for such period, (v) extraordinary charges for such period, (vi) any other non-cash charges for such period, including non-cash
impairment and restructuring charges and asset write-downs without duplication from (i) through (v) above, and excluding any non-cash charge in respect of an item that was included in Consolidated Net Income in a prior period), and
(vii) up to $14 million of cash-based impairment and restructuring charges being recorded in the quarter ending September 30, 2011, minus, (b) without duplication and to the extent included in Consolidated Net Income, any
extraordinary gains and any non-cash items of income for such period, all calculated for the Borrower and its Subsidiaries on a consolidated basis in accordance with GAAP. 
 “Consolidated Free Cash Flow” shall mean, with respect to any period, Consolidated EBITDA for such period less the sum of (i) Consolidated Capital Expenditures for such period
(excluding cash expenditures for gaming operations equipment), plus (ii) cash interest paid for such period, plus (iii) cash taxes paid for such period, all calculated for Borrower and its Subsidiaries on a consolidated basis for such
period in accordance with GAAP. 
 “Consolidated Indebtedness” means, as of any date, the Indebtedness
of the Borrower and its Subsidiaries calculated on a consolidated basis as of such date in accordance with GAAP. 

“Consolidated Interest Expense” means, with reference to any period, the interest expense, premium payments, debt
discounts, fees, charges and related expenses in connection with Consolidated Indebtedness, interest paid or accrued with respect to wide-area progressive jackpot liabilities and any other expense classified as interest expense under GAAP, for
Borrower and its Subsidiaries calculated on a consolidated basis for such period in accordance with GAAP. 

“Consolidated Liquidity” means, as of any date, an amount equal to the sum of (a) Revolving Loan
Availability as of such date plus (b) Borrower’s and its Subsidiaries’ unrestricted cash, Cash Equivalents, other short-term (less than one year) investments and readily 

  
 8 

 
marketable securities, as of such date, all calculated on a consolidated basis as of such date in accordance with GAAP. 
 “Consolidated Net Funded Indebtedness” means, at any particular time, Consolidated Indebtedness minus the amount of cash at such time in excess of $50,000,000 which is
unrestricted, not subject to Liens and held in the United States. 
 “Consolidated Net Funded Indebtedness to EBITDA
Ratio” means, as of the last day of any fiscal quarter, the ratio of Consolidated Net Funded Indebtedness as of such day to Consolidated EBITDA for the four fiscal quarters ending on such day. 

“Consolidated Net Income” means, with reference to any period, the net income (or loss) of the Borrower and its
Subsidiaries calculated on a consolidated basis for such period in accordance with GAAP. 
 “Consolidated Share-Based
Payment Expenses” means, with reference to any period, the Share-Based Payment Expenses of Borrower and its Subsidiaries calculated on a consolidated basis for such period in accordance with GAAP. 

“Contractual Obligation” means, as to any Person, any provision of any security issued by such Person or of any
material agreement, instrument or other undertaking to which such Person is 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. 
 “Default” means any event or condition which constitutes an Event of Default or which upon notice, lapse of time or both would, unless cured or waived, become an Event of Default.

 “Defaulting Lender” means any Lender, as determined by the Administrative Agent, that has
(a) failed to fund any portion of its Loans (including Foreign Currency Loans) or participations in Letters of Credit or Swingline Loans within three (3) Business Days of the date required to be funded by it hereunder, (b) notified
the Borrower, the Administrative Agent, the Issuing Banks, the Swingline Lender or any Lender in writing that it does not intend to comply with any of its funding obligations under this Agreement or has made a public statement to the effect that it
does not intend to comply with its funding obligations under this Agreement or generally under other agreements in which it commits to extend credit, (c) failed, within three (3) Business Days after request by the Administrative Agent, to
confirm that it will comply with the terms of this Agreement relating to its obligations to fund prospective Loans (including Foreign Currency Loans) and participations in then outstanding Letters of Credit and Swingline Loans, (d) otherwise
failed to pay over to the Administrative Agent or any other Lender any other amount required to be paid by it hereunder within three (3) Business Days of the date when due, unless the subject of a good faith dispute, or (e) (i) become
or is insolvent or has a parent company that has become or is insolvent or (ii) become the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator, assignee for the benefit of creditors or
similar Person charged with reorganization or liquidation of its business or 

  
 9 

 
custodian, appointed for it, or has taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding or appointment or has a parent company
that has become the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or
custodian appointed for it, or has taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding or appointment. 
 “Disclosure Schedules” means those certain disclosure schedules dated as of the date of this Agreement and delivered to Agent and Lenders pursuant to this Agreement. 

“Disposition” means any transaction, or any series of related transactions, consummated on or after the Effective
Date, by which Borrower or any of its Subsidiaries (a) sells or otherwise transfers all or substantially all of its assets, all or substantially all of the assets of any of its business units or divisions or any substantial portion of its
assets outside the ordinary course of business or (b) directly or indirectly sells or otherwise transfers at least a majority (in number of votes) of the Equity Interests of any Subsidiary which has ordinary voting power for the election of
directors or other similar management personnel of a Subsidiary (other than Equity Interests having such power only by reason of the happening of a contingency) or a majority of the outstanding Equity Interests of a Subsidiary. 

“Dollar Equivalent” means with respect to an amount denominated in any currency other than Dollars, the
equivalent in Dollars of such amount determined at the Exchange Rate on the most recent Calculation Date. 

“Dollars”, “dollars” or “$” refers to lawful money of the United
States of America. 
 “Domestic Subsidiary” means any Subsidiary which is organized under the laws of
the United States of America, any state of the United States of America or the District of Columbia. 
 “Effective
Date” means the date on which the conditions specified in Section 4.01 are satisfied (or waived in accordance with Section 9.02). 
 “Eligible Assignee” means (a) a Lender; (b) an Affiliate of a Lender; (c) an Approved Fund; and (d) any other Person (other than a natural person) approved by
(i) with respect to clause (a), (b), (c) and (d), the Administrative Agent, the Issuing Banks and the Swingline Lender, and (ii) with respect to clause (d) only, unless an Event of Default has occurred and is continuing, the
Borrower (each such approval not to be unreasonably withheld); provided that notwithstanding the foregoing, (A) “Eligible Assignee” shall not include the Borrower or any of the Borrower’s Affiliates or Subsidiaries and
(B) to the extent required under applicable Gaming Laws, each Eligible Assignee must be registered with, approved by, or not disapproved by (whichever may be required under applicable Gaming Laws), all applicable Gaming Boards and may not be
the subject of a Lender Disqualification. 
 “Eligible Currency” means any currency other than Dollars
(i) that is readily available, (ii) that is freely traded, (iii) in which deposits are customarily offered to banks in the London interbank market, (iv) which is convertible into Dollars in the international interbank market and
(v) as to which an Dollar Equivalent amount may be readily calculated. 

  
 10 

 “Environmental Laws” means all laws, rules, regulations, codes,
ordinances, orders, decrees, judgments, injunctions, notices or binding agreements issued, promulgated or entered into by any Governmental Authority, relating in any way to the environment, preservation or reclamation of natural resources, the
management, release or threatened release of any Hazardous Material or to health and safety matters. 

“Environmental Liability” means any liability, contingent or otherwise (including any liability for damages,
costs of environmental remediation, fines, penalties or indemnities), of the Borrower or any Subsidiary directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use, handling,
transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment or (e) any contract, agreement
or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any act or event of the type described in the foregoing clause (a) through (d) that has actually occurred. 

“Equity Interests” means shares of capital stock, partnership interests, membership interests in a limited
liability company, beneficial interests in a trust or other equity ownership interests in a Person, and any warrants, options or other rights entitling the holder thereof to purchase or acquire any such equity interest. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time. 

“ERISA Affiliate” means any trade or business (whether or not incorporated) that, together with the Borrower, is
treated as a single employer under Section 414(b) or (c) of the Code or, solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single employer under Section 414 of the Code. 

“ERISA Event” means (a) any “reportable event”, as defined in Section 4043 of ERISA or the
regulations issued thereunder with respect to a Plan (other than an event for which the 30-day notice period is waived); (b) the existence with respect to any Plan of an “accumulated funding deficiency” (as defined in Section 412
of the Code or Section 302 of ERISA), whether or not waived; (c) the filing pursuant to Section 412(d) of the Code or Section 303(d) of ERISA of an application for a waiver of the minimum funding standard with respect to any
Plan; (d) the incurrence by the Borrower or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the termination of any Plan; (e) the receipt by the Borrower or any ERISA Affiliate from the PBGC or a plan
administrator of any notice relating to an intention to terminate any Plan or Plans or to appoint a trustee to administer any Plan; (f) the incurrence by the Borrower or any of its ERISA Affiliates of any liability with respect to the
withdrawal or partial withdrawal from any Plan or Multiemployer Plan; or (g) the receipt by the Borrower or any ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan from the Borrower or any ERISA Affiliate of any notice,
concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be, insolvent or in reorganization, within the meaning of Title IV of ERISA. 

  
 11 

 “Euro” when used other than as a prefix, means the single currency
of participating member states of the European Union. 
 “Eurocurrency”, when used in reference to any
Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Eurocurrency Rate. 
 “Eurocurrency Base Rate” means with respect to each Interest Period pertaining to a Foreign Currency Loan, the rate per annum determined on the basis of the rate for deposits for
the applicable Foreign Currency for a period equal to such Interest Period commencing on the first day of such Interest Period appearing on the Reuters Screen LIBOR01 Page as of 11:00 A.M., London time, two Business Days prior to the beginning
of such Interest Period (or such other Business Day as the Administrative Agent shall deem applicable with respect to any Foreign Currency). In the event that such rate does not appear on such page (or otherwise on such screen), the
“Eurocurrency Base Rate” shall be determined by reference to such other comparable publicly available service for displaying rates for deposits for the applicable Foreign Currency as may be selected by the Administrative Agent or, in the
absence of such availability, by reference to the rate at which the Administrative Agent is offered deposits in such Foreign Currency at or about 11:00 A.M., London time, two (2) Business Days prior to the beginning of such Interest Period (or
such other Business Day as the Administrative Agent shall deem applicable with respect to any Foreign Currency) in the interbank market where its foreign currency and exchange operations are then being conducted for delivery on the first day of such
Interest Period for the number of days comprised therein. 
 “Eurocurrency Rate” means with respect to
any Foreign Currency Loan for any Interest Period, a rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a) the Eurocurrency Base Rate multiplied by (b) the Statutory Reserve Rate. 

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

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

“Exchange Rate” means with respect to any non-Dollar currency on any date, the rate at which such currency may be
exchanged into Dollars, as set forth on such date on the relevant Reuters currency page at or about 11:00 A.M., London time, on such date. In the event that such rate does not appear on any Reuters currency page, the “Exchange Rate”
with respect to such non-Dollar currency shall be determined by reference to such other publicly available service for displaying exchange rates as may be agreed upon by the Administrative Agent and the Borrower or, in the absence of such agreement,
such “Exchange Rate” shall instead be the Administrative Agent’s spot rate of exchange in the interbank market where its foreign currency exchange operations in respect of such non-Dollar currency are then being conducted, at or about
10:00 A.M., Local Time, on such date for the purchase of Dollars with such non-Dollar currency, for delivery two Business Days later; provided, that if at the time of any such determination, no such spot rate can reasonably be quoted, the
Administrative Agent may use any reasonable method as 

  
 12 

 
it deems applicable to determine such rate, and such determination shall be conclusive absent manifest error. 
 “Excluded Taxes” means, with respect to the Administrative Agent, any Lender, any Issuing Bank or any other recipient of any payment to be made by or on account of any obligation
of Borrower under the Loan Documents, (a) income or franchise taxes imposed on (or measured by) its net income by the United States of America, or by the jurisdiction under the laws of which such recipient is organized or in which its principal
office is located or, in the case of any Lender, in which its applicable lending office is located, (b) any branch profits taxes imposed by the United States of America or any similar tax imposed by any other jurisdiction in which the Borrower
is located and (c) in the case of a Foreign Lender (other than an assignee pursuant to a request by the Borrower under Section 2.19(b)), any withholding tax that is imposed on amounts payable to such Foreign Lender (including FATCA) at the
time such Foreign Lender becomes a party to this Agreement (or designates a new lending office) or is attributable to such Foreign Lender’s failure to comply with Section 2.17(e), except to the extent that such Foreign Lender (or its
assignor, if any) was entitled, at the time of designation of a new lending office (or assignment), to receive additional amounts from the Borrower with respect to such withholding tax pursuant to Section 2.17(a). 

“FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement and any regulations
or official interpretations thereof. 
 “Federal Funds Effective Rate” means, for any day, the weighted
average (rounded upwards, if necessary, to the next 1/100 of 1%) of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published on the next succeeding Business Day by
the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average (rounded upwards, if necessary, to the next 1/100 of 1%) of the quotations for such day for such transactions received by the
Administrative Agent from three Federal funds brokers of recognized standing selected by it. 
 “Fee
Letters” means the letter dated as of September 22, 2011, among the Borrower, the Administrative Agent and other parties thereto, and any other fee letter dated after the date of this Agreement among Administrative Agent and the
Borrower related to this Agreement and providing for the payment of fees to Administrative Agent for its account and/or for the account of the Lenders. 
 “Financial Officer” means the chief financial officer, principal accounting officer, treasurer or controller of the Borrower. 

“Financials” means the annual or quarterly consolidated financial statements of the Borrower and its Subsidiaries
delivered pursuant to this Agreement. 
 “Foreign Currency” means the currencies of Australia, Canada
and the United Kingdom, the Euro so long as such currencies continue to be Eligible Currencies and any additional currency (other than the Dollar) that is an Eligible Currency and is approved by Administrative Agent and each Lender.If, after the
designation by the Lenders of any currency as 

  
 13 

 
a Foreign Currency, (x) currency control or other exchange regulations are imposed in the country in which such currency is issued with the result that different types of such currency are
introduced, (y) such currency is, in the determination of the Administrative Agent, no longer readily available or freely traded or (z) in the determination of the Administrative Agent, the Dollar Equivalent of such currency is not readily
calculable, the Administrative Agent shall promptly notify the Lenders and the Borrower, and such currency shall no longer be a Foreign Currency until such time as all of the Lenders agree to reinstate such currency as a Foreign Currency and
promptly, but in any event within five Business Days of receipt of such notice from the Administrative Agent, the Borrower shall repay all Loans in such affected currency. 
 “Foreign Currency Administrative Schedule” means Schedule 1.01 to this Agreement, which contains administrative information in respect of each Foreign Currency and each
Foreign Currency Loan. 
 “Foreign Currency Credit Exposure” means, with respect to any Lender at any
time, the sum of (a) the outstanding principal amount of such Lender’s Foreign Currency Loans, and (b) its LC Exposure denominated in a Foreign Currency (including any portion of such LC Exposure allocated to it pursuant to
Section 2.20) at such time. For purposes of calculating the Foreign Currency Credit Exposure, the principal amount of any Foreign Currency Loan or LC Exposure denominated in a Foreign Currency shall be the Dollar Equivalent of such Foreign
Currency Loan or LC Exposure as determined on the most recent Calculation Date. 
 “Foreign Currency
Loan” means Revolving Loans denominated in any Foreign Currency. 
 “Foreign Currency
Sublimit” means $50,000,000. 
 “Foreign Currency Tranche” means the collective reference
to Foreign Currency Loans which (a) are denominated in the same Foreign Currency and (b) have current Interest Periods which begin on the same date and end on the same later date (whether or not such Loans shall originally have been made
on the same day). 
 “Foreign Lender” means any Lender that is organized under the laws of a
jurisdiction other than that in which the Borrower is located. For purposes of this definition, the United States of America, each State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction. 

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

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

“Gaming Authorization” means any and all permits, licenses and other authorizations issued by any Governmental
Authority required by any applicable Gaming Law to enable the Borrower or any Subsidiary who engages in the gaming, gambling or casino business (including, without limitation, over the internet) to engage in the gaming, gambling or casino business
as conducted by Borrower or such Subsidiary (directly or indirectly through a joint venture or partnership) from time to time, except for individual approvals of equipment, software and forms 

  
 14 

 
of agreement obtained in the ordinary course of business, the revocation, non-renewal or loss of which would not, individually or in the aggregate, reasonably be expected to have a Material
Adverse Effect. 
 “Gaming Board” means any Governmental Authority that holds regulatory, licensing or
permit authority over gambling, gaming or casino activities (including without limitation, such activities conducted over the internet) conducted by the Borrower or any of its Subsidiaries (directly or indirectly through a joint venture or
partnership) within its jurisdiction. 
 “Gaming Laws” means all laws, rules and regulations pursuant to
which any Gaming Board possesses regulatory, licensing or permit authority over gambling, gaming or casino activities (including without limitation, such activities conducted over the internet) conducted by the Borrower or any of its Subsidiaries
(directly or indirectly through a joint venture or partnership) within its jurisdiction. 
 “Governmental
Authority” means the government of the United States of America, any other nation or any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other
entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government. 
 “Guarantee” of or by any Person (the “guarantor”) means any obligation, contingent or otherwise, of the guarantor guaranteeing or having the economic effect of
guaranteeing any Indebtedness or other obligation of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of the guarantor, direct or indirect, (a) to purchase or
pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply funds for the purchase of) any security for the payment thereof, (b) to purchase or lease property,
securities or services for the purpose of assuring the owner of such Indebtedness or other obligation of the payment thereof, (c) to maintain working capital, equity capital or any other financial statement condition or liquidity of the primary
obligor so as to enable the primary obligor to pay such Indebtedness or other obligation or (d) as an account party in respect of any letter of credit or letter of guaranty issued to support such Indebtedness or obligation; provided,
that the term “Guarantee” shall not include (i) endorsements for collection or deposit in the ordinary course of business; (ii) minimum guaranteed royalty or license payments under any license agreement entered into by Borrower
or a Subsidiary in the ordinary course of business consistent with past practice pursuant to which such Borrower or Subsidiary licenses intellectual property used in its business or operations; or (iii) Intercompany Support Letters. 

“Guaranteed Obligations” has the meaning assigned to such term in Section 10.01. 

“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. 

  
 15 

 “Indebtedness” of any Person means, without duplication,
(a) all obligations of such Person for borrowed money, (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such Person under conditional sale or other title retention
agreements relating to property acquired by such Person, (d) all obligations of such Person in respect of the deferred purchase price of property or services (excluding accounts payable, accrued liabilities and obligations under intellectual
property licenses, in each case, incurred in the ordinary course of business and customer deposits), (e) all Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be
secured by) any Lien on property owned or acquired by such Person, whether or not the Indebtedness secured thereby has been assumed, (f) all Guarantees by such Person of Indebtedness of others, (g) all Capital Lease Obligations of such
Person, (h) all obligations, contingent or otherwise, of such Person as an account party arising under letters of credit (including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments and
(i) net obligations of such Person under any Swap Agreements; provided that, “Indebtedness” shall exclude Intercompany Support Letters. The Indebtedness of any Person shall include the Indebtedness of any other entity
(including any partnership in which such Person is a general partner) to the extent such Person is liable therefor as a result of such Person’s ownership interest in or other relationship with such entity, except to the extent the terms of such
Indebtedness provide that such Person is not liable therefor. 
 “Indemnified Taxes” means Taxes other
than Excluded Taxes. 
 “Indemnitee” has the meaning assigned to such term in Section 9.03.

 “Information” has the meaning assigned to such term in Section 9.12. 

“Information Memorandum” has the meaning assigned to the term “Information Materials” in the commitment
letter dated as of September 22, 2011 among Borrower, Administrative Agent and other parties named therein, including, without limitation, the WMS Industries, Inc. Bank Meeting Presentation dated September 22, 2011. 

“Intercompany Support Letter” means any “keep well agreement”, “comfort letter” and other
similar letter in each case provided by a Loan Party or any Subsidiary to any other Loan Party or Subsidiary or to the auditors or board of directors of any other Loan Party or Subsidiary in which the providing Person states its intention or policy
to (a) cause such other Loan Party or Subsidiary to meet its obligations, (b) ensure that such other Loan Party or Subsidiary will meet its obligations or (c) indemnifies and holds harmless such other Loan Party or Subsidiary from and
against certain obligations, in each case, where (i) the obligations that are the subject of such letter are not specifically identified in such letter or are not known to exist at the time such letter is provided (and such letter is not
provided in contemplation of specific obligations to be incurred thereafter), (ii) any obligations of the providing Person under such letter are contingent and (iii) such letters are not legally enforceable in favor of any third party.

 “Interest Election Request” means a request by the Borrower to convert or continue a Revolving
Borrowing in accordance with Section 2.08. 

  
 16 

 “Interest Payment Date” means (a) with respect to any ABR Loan
(other than a Swingline Loan), the last day of each March, June, September and December, (b) with respect to any Eurodollar Loan or Foreign Currency Loan, the last day of the Interest Period applicable to the Borrowing of which such Loan
is a part and, in the case of a Eurodollar Borrowing or Foreign Currency Loan with an Interest Period of more than three months’ duration, each day prior to the last day of such Interest Period that occurs at intervals of three months’
duration after the first day of such Interest Period, and (c) with respect to any Swingline Loan, the day that such Loan is required to be repaid. 
 “Interest Period” means with respect to any Eurodollar Borrowing or Foreign Currency Loan, the period commencing on the date of such Borrowing and ending on the numerically
corresponding day in the calendar month that is one, two, three or six months thereafter, as the Borrower may elect; provided, that (i) if any Interest Period would end on a day other than a Business Day, such Interest Period shall be
extended to the next succeeding Business Day unless, in the case of a Eurodollar Borrowing or Foreign Currency Loan only, such next succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on the
next preceding Business Day and (ii) any Interest Period pertaining to a Eurodollar Borrowing or Foreign Currency Loan that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day
in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of such Interest Period. For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and
thereafter shall be (a) with respect to a Eurodollar Borrowing, the effective date of the most recent conversion or continuation of such Eurodollar Borrowing and (b) with respect to Foreign Currency Loan, the effective date of the most
recent continuation of such Foreign Currency Loan. 
 “Inventory” has the meaning set forth in
Article 9 of the UCC. 
 “Investment” means, as to any Person, any direct or indirect acquisition
or investment by such Person, whether by means of (a) the purchase or other acquisition of Equity Interests of another Person, (b) a loan, advance or capital contribution to, Guarantee or assumption of Indebtedness or other obligation of,
or purchase or other acquisition of any other Indebtedness or other obligation of or interest in, another Person, (c) the purchase or other acquisition (in one transaction or a series of related transactions) of assets of another Person that
constitute a business unit or substantially all of the business of, such Person or (d) any Intercompany Support Letter. For purposes of covenant compliance, (i) the amount of any Guarantee shall be deemed to be an amount equal to the
stated or determinable primary obligation (including the principal amount of any Indebtedness guaranteed), 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, (ii) an Investment in respect of an Intercompany Support Letter shall be deemed to occur upon the investment of an amount thereunder (and not upon the issuance of such
Intercompany Support Letter) without adjustment for subsequent increases or decreases in the value of such Investment, and (iii) the amount of any other Investment shall be the amount actually invested, without adjustment for subsequent
increases or decreases in the value of such Investment. 

  
 17 

 “Issuing Bank” means JPMorgan Chase Bank, N.A. and Bank of America,
N.A., in its respective capacity as the issuer of Letters of Credit hereunder, and its successors in such capacity as provided in Section 2.06(i). Each of the Issuing Banks may, in its discretion, arrange for one or more Letters of Credit to be
issued by Affiliates of such Issuing Bank, in which case the term “Issuing Bank” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate. 

“JPMEL” means J.P. Morgan Europe Limited and its successors. 

“Joinder Agreement” has the meaning assigned to such term in Section 5.09. 

“Judgment Currency” has the meaning assigned to such term in Section 9.16. 

“Judgment Currency Conversion Date” has the meaning assigned to such term in Section 9.16. 

“LC Application” has the meaning assigned to such term in Section 2.06(b). 

“LC Disbursement” means a payment made by an Issuing Bank pursuant to a Letter of Credit. 

“LC Exposure” means, at any time, the sum of (a) the aggregate undrawn amount of all outstanding Letters of
Credit at such time plus (b) the aggregate amount of all LC Disbursements that have not yet been reimbursed by or on behalf of the Borrower at such time. The LC Exposure of any Lender at any time shall be its Applicable Percentage of the total
LC Exposure at such time.For purposes of calculating the LC Exposure, the principal amount of any LC Exposure denominated in a Foreign Currency shall be the Dollar Equivalent of such LC Exposure as determined on the most recent Calculation Date.

 “LC Fee” has the meaning assigned to such term in Section 2.12(b). 

“Lender Disqualification” means, with respect to any Lender: (a) the failure of that Lender timely to file
pursuant to applicable Gaming Laws (i) any application requested of the Lender by any Gaming Board in connection with licensing required of that Lender as a lender to Borrower or (ii) any required application or other papers in connection
with a determination of the suitability of the Lender as a lender to Borrower; (b) the withdrawal by that Lender (except where requested or permitted, without prejudice, by the applicable Gaming Board) of any such application or other required
papers; or (c) any final determination by a Gaming Board pursuant to applicable Gaming Laws (i) that the Lender is “unsuitable” as a lender to Borrower, (ii) that the Lender shall be “disqualified” as a lender to
Borrower or (iii) denying a finding of suitability as a lender to Borrower or denying the issuance to the Lender of any license required under applicable Gaming Laws to be held by all lenders to Borrower. 

“Lenders” means the Persons listed on Schedule 2.01, any Additional Commitment Lender and any other
Person that shall have become a party hereto pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption. Unless the context otherwise requires, the term
“Lenders” includes the Swingline Lender. 

  
 18 

 “Letter of Credit” means any letter of credit issued pursuant to
this Agreement. 
 “LIBO Rate” means, with respect to any Eurodollar Borrowing for any Interest Period,
the rate appearing on the Reuters Screen LIBOR01 Page1 (or on any successor or substitute page of such service, or any successor to or substitute for such service, providing rate quotations comparable to those currently provided on such
page of such service, as determined by the Administrative Agent from time to time for purposes of providing quotations of interest rates applicable to Dollar deposits in the London interbank market) at approximately 11:00 a.m., London
time, three Business Days prior to the commencement of such Interest Period, as the rate for Dollar deposits with a maturity comparable to such Interest Period; provided that, with respect to a Eurodollar Borrowing requested less than three
Business Days before the date of the proposed Borrowing, such rate may be the spot rate as determined by Administrative Agent from such service, or any successor to or substitute for such service providing rate quotations comparable to those
currently provided by service, at approximately 11:00 a.m., London time, one Business Day prior to the commencement of such Interest Period. In the event that such rate is not available at such time for any reason, then the “LIBO
Rate” with respect to such Eurodollar Borrowing for such Interest Period shall be the rate at which Dollar deposits of $5,000,000 and for a maturity comparable to such Interest Period are offered by the principal London office of the
Administrative Agent in immediately available funds in the London interbank market at approximately 11:00 a.m., London time, three Business Days prior to the commencement of such Interest Period provided that, with respect to a
Eurodollar Borrowing requested less than three Business Days before the date of the proposed Borrowing, such rate may be the spot rate at which Dollar deposits of $5,000,000 are offered by the principal London office of the Administrative Agent in
immediately available funds in the London interbank market at approximately 11:00 a.m., London time, one Business Day prior to the commencement of such Interest Period. 
 “Lien” means, with respect to any asset, (a) any mortgage, deed of trust, lien, pledge, hypothecation, encumbrance, charge or security interest in, on or of such asset,
(b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such asset and
(c) in the case of securities, any purchase option, call or similar right of a third party with respect to such securities. 
 “Loan Documents” means this Agreement, any Notes, the LC Applications, each Subsidiary Guaranty, each Fee Letter and all other agreements, instruments, documents and certificates
identified or referred to in Section 4.01 or from time to time executed and/or delivered to, or in favor of, Administrative Agent or any Lenders to the Administrative Agent or any Lender in connection with this Agreement or the transactions
contemplated hereby. Any reference in this Agreement or any other Loan Document to a Loan Document shall include all appendices, exhibits or schedules thereto, and all amendments, restatements, supplements or other modifications thereto, and
shall refer to this Agreement or such Loan Document as the same may be in effect at any and all times such reference becomes operative. 
 “Loan Parties” means Borrower, and each Subsidiary of Borrower who is or becomes a party to this Agreement pursuant to a Joinder Agreement and its successors and assigns.

  
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 “Loans” means the loans made by the Lenders to the Borrower pursuant
to this Agreement. 
 “Local Time” means (a) with respect to Foreign Currency Loans, local time in
London and (b) with respect to Eurodollar Loans, local time in New York City. 
 “Material Adverse
Effect” means a material adverse effect on (a) the business, assets, operations or financial condition of the Borrower and the Subsidiaries taken as a whole, (b) the ability of the Borrower or any Subsidiary to perform its
obligations under this Agreement or the other Loan Documents or (c) the legality, validity, binding effect or enforceability against the Borrower or any Subsidiary under this Agreement or the other Loan Documents. 

“Material Indebtedness” means Indebtedness (other than the Loans and Letters of Credit) of any one or more of the
Borrower and its Subsidiaries in an aggregate principal amount exceeding $50,000,000. 
 “Material
Subsidiary” means a Subsidiary whose assets or earnings before interest, taxes, depreciation and amortization (calculated in a manner comparable to the calculation of Consolidated EBITDA) represent 5% or more of the consolidated total
assets or Consolidated EBITDA, respectively, of Borrower and its Subsidiaries. 
 “Maturity Date” means
October 18, 2016. 
 “Maximum Liability” has the meaning set forth in Section 10.10.

 “Maximum Rate” has the meaning set forth in Section 9.13. 

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

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

“Net Tangible Assets” means the consolidated total assets of Borrower and its Subsidiaries minus consolidated
intangible assets of Borrower and its Subsidiaries, all calculated on a consistent basis in accordance with GAAP). 

“Non-Paying Guarantor” has the meaning set forth in Section 10.11. 

“Note” has the meaning set forth in Section 2.10(e). 

“Obligated Party” has the meaning set forth in Section 10.02. 

“Obligations” means all unpaid principal of and accrued and unpaid interest on the Loans, all accrued and unpaid
fees and all expenses, reimbursements, indemnities and other obligations of the Borrower or any Subsidiary to any Lender or the Administrative Agent or any indemnified party arising under the Loan Documents. 

  
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 “Off-Balance Sheet Liability” of a Person means any indebtedness,
liability or obligation arising with respect to any other transaction which is the functional equivalent of or takes the place of borrowing but which does not constitute a liability on the balance sheets of such Person (other than operating leases
and commitments under intellectual property licenses). 
 “Online Communications” means communications
facilitated directly or indirectly via the Internet, World Wide Web, intranets, extranets or other public or private communications network now available or made available subsequent to the date hereof, through the use of access devices (whether the
access device requires the download of a client application or otherwise, or a real-time connection, subsequent synchronization, or other reconciliation or delayed connection process) connected via physical connections, wirelessly or otherwise,
including but not limited to: personal computers, personal digital assistants (also known as PDAs), televisions (including interactive television), mobile or cellular telephones, and similar devices. 

“Online Gaming” means any and all forms of wagering not performed solely within the physical boundaries of
land-based casinos, sportsbooks or other facilities licensed for gaming, including without limitation, via Online Communications. 
 “Other Taxes” means any and all present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies arising from any payment made
hereunder or under any Loan Document or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any other Loan Document. 
 “Participant” has the meaning set forth in Section 9.04. 
 “Patriot Act” has the meaning set forth in Section 9.14. 
 “Paying Guarantor” has the meaning set forth in Section 10.11. 
 “PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in ERISA and any successor entity performing similar functions. 

“Permitted Encumbrances” means: 
 (a) Liens imposed by law for taxes that are not yet due or are being contested in compliance with Section 5.04; 
 (b) carriers’, warehousemen’s, landlord’s, mechanics’, materialmen’s, repairmen’s, Liens under Article 2 of the UCC, and other like Liens imposed by law, arising in the
ordinary course of business and securing obligations that are not overdue by more than forty-five (45) days or are being contested in compliance with Section 5.04; 
 (c) pledges and deposits made in the ordinary course of business in compliance with workers’ compensation, unemployment insurance and other social security laws or regulations or in compliance with
gaming rules and regulations whether imposed by law or contract; 

  
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 (d) rights of setoff or bankers’ liens in favor of any bank or other depository
institution upon deposits of cash maintained with such bank or other depository institution; 
 (e) deposits to secure the
performance of bids, trade contracts, leases, statutory obligations, surety bonds, customs bonds, performance bonds and other obligations of a like nature or cash deposits in lieu of such bonds (other than bonds or cash deposits in lieu thereof
related to judgments or litigation), in each case in the ordinary course of business; 
 (f) deposits to secure surety bonds or
like obligations or cash deposits in lieu of such bonds or like obligations furnished in connection with any litigation or legal proceeding involving Borrower or any of its Subsidiaries (other than related to judgments); 

(g) judgment liens in respect of judgments that do not constitute an Event of Default under clause (k) of Article VII or liens
securing appeal or surety bonds (or cash deposits in lieu of such bonds) related to such judgments; 
 (h) statutory Liens,
other than those described in clauses (a) or (b) above, arising in the ordinary course of business with respect to obligations which are not delinquent or are being contested in good faith in compliance with Section 5.04; 

(i) licenses (with respect to intellectual property and other property), leases or subleases granted to third parties and not interfering
in any material respect with the ordinary conduct of business of Borrower or its Subsidiaries; 
 (j) precautionary UCC
financing statement filings made in connection with operating leases and not constituting Liens; 
 (k) easements, zoning
restrictions, rights-of-way, restrictions and other similar encumbrances on real property or other minor defects or irregularities in title which do not secure any monetary obligations and do not materially interfere with the ordinary conduct of
business by Borrower or any Subsidiary; and 
 (l) inchoate Liens incident to the construction or maintenance of real property,
or any Liens incident to the construction or maintenance of real property now or hereafter filed of record for which the applicable Loan Party or Subsidiary is diligently pursuing removal so long as no judgment of foreclosure has been entered with
respect to such Lien. 
 provided that the term “Permitted Encumbrances” shall not include any Lien securing Indebtedness
(other than a Lien permitted pursuant to clauses (f) or (g)). 
 “Person” means any natural person,
corporation, limited liability company, trust, joint venture, association, company, partnership, Governmental Authority or other entity. 
 “Plan” means any employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302
of ERISA, and in respect of which the Borrower or any ERISA Affiliate is (or, if such plan were terminated, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA. 

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

 “Refinanced Indebtedness” has the meaning set forth in Section 6.01. 

“Refinancing Indebtedness” has the meaning set forth in Section 6.01. 

“Register” has the meaning set forth in Section 9.04. 

“Related Parties” means, with respect to any specified Person, such Person’s Affiliates and the respective
directors, officers, employees, agents, partners and advisors of such Person and such Person’s Affiliates. 

“Required Lenders” means, as of any date of determination, Lenders having Revolving Credit Exposures and unused
Commitments representing more than 50% of the sum of the total Revolving Credit Exposures and unused Commitments at such time; provided that the Commitments of, and the portion of the Revolving Credit Exposures held by or deemed to be held by
any Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders. 
 “Reset
Date” has the meaning assigned to such term in Section 2.21. 
 “Restated Agreement”
has the meaning set forth in the recitals. 
 “Restated Closing Date” means September 25, 2009.

 “Restatement Lenders” has the meaning set forth in the recitals. 

“Restricted Payment” means any dividend or other distribution (whether in cash, securities or other property)
with respect to any Equity Interests in any Person, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or
termination of any such Equity Interests in any Person or any option, warrant or other right to acquire any such Equity Interests in any Person. 
 “Revolving Credit Exposure” means, with respect to any Lender at any time, the sum of (a) the outstanding principal amount of such Lender’s Revolving Loans, and
(b) its LC Exposure and Swingline Exposure (including any portion of such LC Exposure and Swingline Exposure allocated to it pursuant to Section 2.20) at such time.For purposes of calculating the Revolving Credit Exposure, any Foreign
Currency Credit Exposure included therein shall be the Dollar Equivalent of such Foreign Currency Credit Exposure as determined on the most recent Calculation Date. 
 “Revolving Loan” means a Loan made pursuant to Section 2.03. 

  
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 “Revolving Loan Availability” means, at any time, the positive
difference (if any) equal to the total Commitments minus the total Revolving Credit Exposures at such time. 

“S&P” means Standard & Poor’s. 

“Senior Managing Agent” means Union Bank N.A., in its capacity as Senior Managing Agent. 

“Share-Based Payment Expense” means, with respect to any Person, the non-cash expense of such Person resulting
from the accounting charges required by Accounting Standards Codification (“ASC”) 718, which among other items requires the recognition of share-based payment expenses in the Borrower’s Consolidated Income Statement. 

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

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

“Subsidiary Guarantor” means any Subsidiary that executes a Subsidiary Guaranty. 

“Subsidiary Guaranty” means Article X of this Agreement and each separate guaranty issued by any Subsidiary
of all or any part of the Obligations in form and substance satisfactory to the Administrative Agent. 

  
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 “Syndication Agent” means Bank of America, N.A., in its capacity as
Syndication Agent. 
 “Swap Agreement” means any agreement with respect to any swap, forward, future or
derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic,
financial or pricing risk or value or any similar transaction or any combination of these transactions; provided that no equity compensation plan or agreements thereunder providing for payments to current or former directors, officers,
employees or consultants of the Borrower or the Subsidiaries shall be a Swap Agreement. 
 “Swingline
Exposure” means, at any time, the aggregate principal amount of all Swingline Loans outstanding at such time. The Swingline Exposure of any Lender at any time shall be its Applicable Percentage of the total-Swingline Exposure at such
time. 
 “Swingline Lender” means JPMorgan Chase Bank, N.A., in its capacity as lender of Swingline
Loans hereunder. 
 “Swingline Loan” means a Loan made pursuant to Section 2.05. 

“TARGET Day” means any day on which (i) TARGET2 is open for settlement of payments in Euro and
(ii) banks are open for dealings in deposits in Euro in the London interbank market. 
 “TARGET2”
means the Trans-European Automated Real-time Gross Settlement Express Transfer payment system which utilizes a single shared platform and which was launched on November 19, 2007. 

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

“Transactions” means the execution, delivery and performance by the Borrower and its Subsidiaries a party thereto
of this Agreement and other Loan Documents, the borrowing of Loans and the issuance of Letters of Credit hereunder. 

“Type”, when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or
on the Loans comprising such Borrowing, is determined by reference to the Adjusted LIBO Rate (other than pursuant to clause (c) of the definition of “Alternate Base Rate”) or the Alternate Base Rate. 

“UCC” means the Uniform Commercial Code as in effect from time to time in the State of Illinois. 

“UIGEA” means the Unlawful Internet Gambling Enforcement Act of 2006 (31 U.S.C. § 5361–5367). 

  
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 “Withdrawal Liability” means liability to a Multiemployer Plan as a
result of a complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA. 
 “Wholly-Owned Subsidiary” of a Person means, any Subsidiary all of the outstanding Equity Interests of which shall at the time be owned, directly or indirectly, by such Person or
one or more Wholly-Owned Subsidiaries of such Person, or by such Person and one or more Wholly-Owned Subsidiaries of such Person, it being understood that, for purposes of this definition, a Foreign Subsidiary shall be deemed to be a
“Wholly-Owned Subsidiary” even though applicable law requires that a certain number of Equity Interests be nominally owned by other Persons so long as such Person beneficially owns and controls such Equity Interests. 

SECTION 1.02 Classification of Loans and Borrowings. For purposes of this Agreement, Loans may be classified and referred to
by Class (e.g., a “Revolving Loan”) or by Type (e.g., a “Eurodollar Loan”) or by Class and Type (e.g., a “Eurodollar Revolving Loan”). Borrowings also may be classified and referred to by Class
(e.g., a “Revolving Borrowing”) or by Type (e.g., a “Eurodollar Borrowing”) or by Class and Type (e.g., a “Eurodollar Revolving Borrowing”). 

SECTION 1.03 Terms Generally. The definitions of terms herein shall apply equally to the singular and plural forms of the
terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and “including” shall be deemed to be followed by the
phrase “without limitation”. The word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the context requires otherwise (a) any definition of or reference to any agreement,
instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or
modifications set forth herein), (b) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (c) the words “herein”, “hereof” and “hereunder”, and words of
similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (d) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and
Sections of, and Exhibits and Schedules to, this Agreement and (e) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets
and properties, including cash, securities, accounts and contract rights. Notwithstanding anything to the contrary contained in this Agreement or in the Disclosure Schedules, all disclosure set forth in the Disclosure Schedules shall clearly
identify the sentences in this Agreement to which it relates and shall not be deemed to modify, qualify or relate to any other sentences or provisions of this Agreement. 
 SECTION 1.04 Accounting Terms; GAAP. 
 (a) Except as otherwise
expressly provided herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in effect from time to time; provided that, if the Borrower notifies the Administrative Agent that the Borrower requests
an amendment to any provision hereof to eliminate the effect of any change occurring after the date 

  
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hereof in GAAP or in the application thereof on the operation of such provision (or if the Administrative Agent notifies the Borrower that the Required Lenders request an amendment to any
provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then such provision shall be interpreted on the basis of GAAP as in effect and applied immediately
before such change shall have become effective until such notice shall have been withdrawn or such provision amended in accordance herewith. Upon such notice of a change in GAAP or the application thereof, the Administrative Agent, the Lenders and
the Borrower will negotiate in good faith to amend any ratio or requirement to preserve the original intent thereof in light of such change in GAAP (subject to approval of the Required Lenders). 

(b) When used herein the term “pro forma basis” means, for purposes of calculating any financial covenant (including for
purposes of determining the Applicable Rate), that any Acquisition, Disposition, or incurrence of Indebtedness shall be deemed to have occurred as of the first day of the four (4) fiscal quarter period most recently ended prior to the date of
such transaction for which the Borrower has delivered Financials pursuant to Section 5.01(a) or Section 5.01(b). In connection with the foregoing, (a) with respect to any Disposition, (i) income statement and cash flow statement
items (whether positive or negative) attributable to the Person or property disposed of shall be excluded to the extent relating to any period occurring prior to the date of such transaction and (ii) Indebtedness which is retired shall be
excluded and deemed to have been retired as of the first day of the applicable period and (b) with respect to any Acquisition, (i) income statement items attributable to the Person or property acquired shall be included to the extent
relating to any period applicable in such calculations to the extent (A) such items are supported by financial statements or other information reasonably satisfactory to the Administrative Agent and (B) such items are not otherwise
included in such income statement items for the Loan Parties and their Subsidiaries in accordance with GAAP or in accordance with any defined terms set forth in Section 1.01; and (ii) any Indebtedness incurred or assumed by any Loan Party
or any Subsidiary (including the Person or property acquired) in connection with such transaction and any Indebtedness of the Person or property acquired which is not retired in connection with such transaction (A) shall be deemed to have been
incurred as of the first day of the applicable period and (B) if such Indebtedness has a floating or formula rate, shall have an implied rate of interest for the applicable period for purposes of this definition determined by utilizing the rate
which is or would be in effect with respect to such Indebtedness as at the relevant date of determination. 
 (c)
Notwithstanding the above, the parties hereto acknowledge and agree that all calculations of the financial covenants in Article VI (including for purposes of determining compliance with such financial covenants) shall be made on a pro forma
basis. 
 ARTICLE II 
 THE CREDITS 
 SECTION 2.01 Commitments. Subject to the terms
and conditions set forth herein, each Lender agrees to make Revolving Loans in Dollars or a Foreign Currency to the Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in (a) such
Lender’s Revolving Credit Exposure exceeding such Lender’s Commitment, 

  
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(b) the total Foreign Currency Credit Exposure exceeding the Foreign Currency Sublimit or (c) the aggregate Revolving Credit Exposure of all Lenders exceeding the Commitments of all
Lenders. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Revolving Loans. 
 SECTION 2.02 Loans and Borrowings. 
 (a) Each Revolving Loan shall be
made as part of a Borrowing consisting of Revolving Loans made by the Lenders ratably in accordance with their respective Commitments. The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its
obligations hereunder; provided that the Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Loans as required. 

(b) Subject to Section 2.14, each Revolving Borrowing in Dollars shall be comprised entirely of ABR Loans or Eurodollar Loans as the
Borrower may request in accordance herewith. Each Foreign Currency Loan shall be comprised entirely of Eurocurrency Loans as the Borrower may request in accordance herewith. Each Swingline Loan shall be an ABR Loan. Each Lender at its option may
make any Eurodollar Loan or Foreign Currency Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the Borrower to repay such
Loan in accordance with the terms of this Agreement. 
 (c) At the commencement of each Interest Period for (i) any
Eurodollar Revolving Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 and not less than $1,000,000 and (ii) any Foreign Currency Revolving Borrowing, such Borrowing shall be in a particular
Foreign Currency and in an aggregate amount that is an integral multiple of the Dollar Equivalent of $1,000,000 and not less than the Dollar Equivalent of $1,000,000. At the time that each ABR Revolving Borrowing is made, such Borrowing shall be in
an aggregate amount that is an integral multiple of $100,000 and not less than $1,000,000; provided that an ABR Revolving Borrowing may be in an aggregate amount that is equal to the entire unused balance of the total Commitments or that is
required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.06(e). Each Swingline Loan shall be in an amount that is an integral multiple of $100,000 and not less than $100,000. Borrowings of more than one Type and
Class may be outstanding at the same time; provided that (x) there shall not at any time be more than a total of five (5) Eurodollar Revolving Borrowings outstanding and (y) there shall not at any time be more than a total of
two (2) Foreign Currency Tranches outstanding in any single Foreign Currency at any time. 
 (d) Notwithstanding any other
provision of this Agreement, (i) the Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date and (ii) the Borrower
shall not be entitled to request a Foreign Currency Loan until it has established the account for such Foreign Currency pursuant to the Foreign Currency Administrative Schedule. 

SECTION 2.03 Requests for Revolving Borrowings. To request a Revolving Borrowing, the Borrower shall notify the
Administrative Agent of such request by telephone (with respect to Revolving Borrowings in Dollars only) or by telecopy or an electronic image 

  
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transmitted via electronic mail to the Administrative Agent of a written Borrowing Request in a form approved by the Administrative Agent and signed by the Borrower (x) in the case of a
Eurodollar Borrowing, not later than 11:00 a.m., Chicago time, three Business Days before the date of the proposed Borrowing, (y) in the case of a Foreign Currency Borrowing, not later than 11:00 a.m., London time, four Business Days
before the date of the proposed Borrowing and (z) in the case of an ABR Borrowing, not later than 11:00 a.m., Chicago time, one Business Day before the date of the proposed Borrowing; provided that any such notice of an ABR
Borrowing to finance the reimbursement of an LC Disbursement as contemplated by Section 2.06(e) may be given not later than 10:00 a.m., Chicago time, on the date of the proposed Borrowing. Each such telephonic Borrowing Request shall be
irrevocable and shall be confirmed promptly by hand delivery, telecopy or an electronic image transmitted via electronic mail to the Administrative Agent of a written Borrowing Request in a form approved by the Administrative Agent and signed by the
Borrower. Each such telephonic and written Borrowing Request shall specify the following information in compliance with Section 2.02: 
 (i) the aggregate amount of the requested Borrowing; 
 (ii) with
respect to a Foreign Currency Borrowing, the Foreign Currency in which such Borrowing will be denominated; 

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

(iv) whether such Borrowing is to be an ABR Borrowing, a Eurodollar Borrowing or a Eurocurrency Borrowing; 

(v) in the case of a Eurodollar Borrowing or Eurocurrency Borrowing, the initial Interest Period to be applicable
thereto, which shall be a period contemplated by the definition of the term “Interest Period”; and 

(vi) the location and number of the Borrower’s account to which funds are to be disbursed, which shall comply with
the requirements of Section 2.07. 
 If no currency of a Revolving Borrowing is specified, then the Revolving Borrowing shall be in Dollars
and if no Type of Revolving Borrowing in Dollars is specified, then the requested Revolving Borrowing shall be an ABR Borrowing. Each Foreign Currency Borrowing shall be a Eurocurrency Borrowing. If no Interest Period is specified with respect to
any requested Eurodollar Borrowing or Eurocurrency Borrowing, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Promptly following receipt of a Borrowing Request in accordance with this Section, the
Administrative Agent shall advise each Lender of the details thereof, of the amount of such Lender’s Loan to be made as part of the requested Borrowing, in the case of a requested Eurodollar Borrowing, the LIBO Rate applicable thereto and, in
the case of a Eurocurrency Borrowing, the Foreign Currency Loan to be made as part of the requested Borrowing and, the Eurocurrency Rate applicable thereto. 
 SECTION 2.04 Increase in the Commitments. 
 (a) So long as no Default
has occurred and is continuing or would arise therefrom, the Borrower shall have the right at any time, and from time to time, to request an 

  
 29 

 
increase of the aggregate amount of Commitments from $400,000,000 to an aggregate amount not to exceed $500,000,000. Any such requested increase shall be first made to all existing Lenders on a
pro rata basis. To the extent that the existing Lenders decline to increase their Commitments, or decline to increase their Commitments to the amount requested by the Borrower, the Administrative Agent (or an Affiliate of the Administrative Agent as
directed by the Administrative Agent), in consultation with the Borrower, will use its reasonable efforts to arrange for other Persons to become a Lender hereunder and to issue commitments in an amount equal to increase in the aggregate Commitments
requested by the Borrower and not accepted by the existing Lenders (each such increase by either means, a “Commitment Increase,” and each Person issuing, or Lender increasing, its Commitment, an “Additional Commitment
Lender”), provided, however, that (i) no Lender shall be obligated to provide a Commitment Increase as a result of any such request by the Borrower, (ii) any Additional Commitment Lender which is not an existing
Lender shall be subject to the consent of the Administrative Agent, the Issuing Banks and the Borrower (which consent shall not be unreasonably withheld), but without the consent of any other Lender and (iii) each Commitment Increase shall be
(unless the Administrative Agent otherwise agrees in writing) in integral multiples of $1,000,000, and not less than (x) with respect to any Additional Commitment Lender that is not an existing Lender, $10,000,000 or (y) with respect to
any Additional Commitment Lender that is an existing Lender, an amount equal to the positive difference (if any) of $10,000,000 less such Lender’s existing Commitment. 
 (b) No Commitment Increase shall become effective unless and until each of the following conditions have been satisfied: 

(i) If an Additional Commitment Lender is not an existing Lender, the Additional Commitment Lender shall have executed
and delivered to Administrative Agent a joinder to this Agreement and the other Loan Documents specified by Administrative Agent all in such form and substance reasonably acceptable to the Administrative Agent; 

(ii) Borrower shall have paid such fees and other compensation to the Additional Commitment Lenders as the Borrower and
such Additional Commitment Lenders shall agree (it being understood that such fees and other compensation are in addition to the fees and other compensation referred to in Section 2.12 of this Agreement); 

(iii) Borrower shall have paid such arrangement fees to the Administrative Agent (or an Affiliate of Administrative Agent
as directed by Administrative Agent) as the Borrower and the Administrative Agent shall agree (it being understood that such fees are in addition to the fees and other compensation referred to in Section 2.12 of this Agreement); 

(iv) Each Loan Party shall deliver to the Administrative Agent and the Lenders certificates of the Secretary or Assistant
Secretary of such Person attaching a true, complete and correct copy of the resolutions of such Person authorizing the Commitment Increase and certifying that such resolution is in full force and effect, it being understood and agreed that such
resolutions may be adopted at any time and provide for Commitment Increases from time to time requested; 

  
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 (v) To the extent requested pursuant to Section 2.10 hereof, Borrower
shall execute a Note to each such Additional Commitment Lender, to be in conformity with requirements of Section 2.10 hereof (with appropriate modification) to the extent necessary to reflect the new Commitment of such Additional Commitment
Lender; and 
 (vi) Borrower, its Subsidiaries, and the Additional Commitment Lender shall have delivered such
other instruments, documents and agreements as the Administrative Agent may reasonably have requested, including, without limitation, in the case of an Additional Commitment Lender which is a Foreign Lender, such documents as are required by
Section 2.17 hereof to evidence an exemption from withholding tax with respect to payments made to such Additional Commitment Lender. 
 (c) The Administrative Agent shall promptly notify each Lender as to the effectiveness of each Commitment Increase (with each date of such effectiveness being referred to herein as a “Commitment
Increase Date”), and at such time (i) the aggregate Commitments under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Commitment Increases, (ii) Schedule 2.01 shall be deemed
modified, without further action, to reflect the revised Commitments and Applicable Percentages of the Lenders, and (iii) this Agreement shall be deemed amended, without further action, to the extent necessary to reflect such increased
aggregate Commitments (including, without limitation, Section 2.01). 
 In connection with Commitment Increases hereunder,
the Lenders and the Borrower agree that, notwithstanding anything to the contrary in this Agreement, (i) the Borrower shall, in coordination with the Administrative Agent, (x) repay outstanding Loans of certain Lenders, and obtain Loans
from certain other Lenders (including the Additional Commitment Lenders), or (y) take such other actions as reasonably may be required by the Administrative Agent, in each case to the extent necessary so that all of the Lenders effectively
participate in each of the outstanding Loans pro rata on the basis of their Applicable Percentages (determined after giving effect to any increase in the aggregate Commitments pursuant to this Section 2.04), and (ii) the Borrower shall pay
to the Lenders any costs of the type referred to in Section 2.16 in connection with any repayment and/or Loans required pursuant to preceding clause (i). Without limiting the obligations of the Borrower provided for in this Section 2.04,
the Administrative Agent and the Lenders agree that they will use their commercially reasonable efforts to attempt to minimize the costs of the type referred to in Section 2.16 which the Borrower would otherwise incur in connection with the
implementation of an increase in the aggregate Commitments. 
 SECTION 2.05 Swingline Loans. 

(a) Subject to the terms and conditions set forth herein, the Swingline Lender agrees to make Swingline Loans to the Borrower from time
to time during the Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding $25,000,000 or (ii) the total Revolving
Credit Exposures exceeding the total Commitments; provided that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and
conditions set forth herein, the Borrower may borrow, prepay and reborrow Swingline Loans. 

  
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 (b) To request a Swingline Loan, the Borrower shall notify the Administrative Agent of such
request by telephone (confirmed by telecopy or an electronic image transmitted via electronic mail not later than 12:00 noon, Chicago time, on the day of a proposed Swingline Loan. Each such notice shall be irrevocable and shall specify the
requested date (which shall be a Business Day) and amount of the requested Swingline Loan. The Administrative Agent will promptly advise the Swingline Lender of any such notice received from the Borrower. The Swingline Lender shall make each
Swingline Loan available to the Borrower by means of a credit to the general deposit account of the Borrower with the Swingline Lender (or, in the case of a Swingline Loan made to finance the reimbursement of an LC Disbursement as provided in
Section 2.06(e), by remittance to the Issuing Bank) by 2:00 p.m., Chicago time, on the requested date of such Swingline Loan. 
 (c) The Swingline Lender may by written notice given to the Administrative Agent not later than 10:00 a.m., Chicago time, on any Business Day require the Lenders to acquire participations on such
Business Day in all or a portion of the Swingline Loans outstanding. Such notice shall specify the aggregate amount of Swingline Loans in which Lenders will participate. Promptly upon receipt of such notice, the Administrative Agent will give notice
thereof to each Lender, specifying in such notice such Lender’s Applicable Percentage of such Swingline Loan or Loans. Each Lender hereby absolutely and unconditionally agrees, upon receipt of notice as provided above, to pay to the
Administrative Agent, for the account of the Swingline Lender, such Lender’s Applicable Percentage of such Swingline Loan or Loans. Each Lender acknowledges and agrees that its obligation to acquire participations in Swingline Loans pursuant to
this paragraph is absolute and unconditional and shall not be affected by any circumstance whatsoever, including the occurrence and continuance of a Default or reduction or termination of the Commitments, and that each such payment shall be made
without any offset, abatement, withholding or reduction whatsoever. Each Lender shall comply with its obligation under this paragraph by wire transfer of immediately available funds, in the same manner as provided in Section 2.07 with respect
to Loans made by such Lender (and Section 2.07 shall apply, mutatis mutandis, to the payment obligations of the Lenders), and the Administrative Agent shall promptly pay to the Swingline Lender the amounts so received by it from the
Lenders. The Administrative Agent shall notify the Borrower of any participations in any Swingline Loan acquired pursuant to this paragraph, and thereafter payments in respect of such Swingline Loan shall be made to the Administrative Agent and not
to the Swingline Lender. Any amounts received by the Swingline Lender from the Borrower (or other party on behalf of the Borrower) in respect of a Swingline Loan after receipt by the Swingline Lender of the proceeds of a sale of participations
therein shall be promptly remitted to the Administrative Agent; any such amounts received by the Administrative Agent shall be promptly remitted by the Administrative Agent to the Lenders that shall have made their payments pursuant to this
paragraph and to the Swingline Lender, as their interests may appear; provided that any such payment so remitted shall be repaid to the Swingline Lender or to the Administrative Agent, as applicable, if and to the extent such payment is
required to be refunded to the Borrower for any reason. The purchase of participations in a Swingline Loan pursuant to this paragraph shall not relieve the Borrower of any default in the payment thereof. 

  
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 SECTION 2.06 Letters of Credit. 

(a) General. Subject to the terms and conditions set forth herein, the Borrower may request the issuance of Letters of Credit for
its own account (or the benefit of one of its Subsidiaries), in a form reasonably acceptable to the Administrative Agent and the applicable Issuing Bank, at any time and from time to time during the Availability Period. Each Letter of Credit shall
be denominated in Dollars or a Foreign Currency. In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form of the LC Application or other agreement submitted by the Borrower to, or
entered into by the Borrower with, the applicable Issuing Bank relating to any Letter of Credit, the terms and conditions of this Agreement shall control. Each Letter of Credit denominated in a Foreign Currency shall be in a minimum amount of the
Dollar Equivalent of $50,000. The Letters of Credit (as such term is defined in the Restated Agreement) which were issued pursuant to the Restated Agreement and are outstanding as of the date hereof, are listed on Schedule 2.06 and
shall, as of the date hereof, be deemed to be Letters of Credit issued hereunder and governed by the terms hereof. 
 (b)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. To request the issuance of a Letter of Credit (or the amendment, renewal or extension of an outstanding Letter of Credit), the Borrower shall deliver by hand delivery,
telecopy or an electronic image transmitted via electronic mail to the applicable Issuing Bank and the Administrative Agent at least (i) three Business Days prior to the proposed date of issuance (or the amendment, renewal or extension of an
outstanding Letter of Credit) of each Letter of Credit denominated in Dollars and (ii) four Business Days prior to the proposed date of issuance (or the amendment, renewal or extension of an outstanding Letter of Credit) of each Letter of
Credit denominated in a Foreign Currency, in each case, a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or
extension (which shall be a Business Day during the Availability Period), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) of this Section), the amount of such Letter of Credit, the currency in which
such Letter of Credit is to be denominated, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend, renew or extend such Letter of Credit. If requested by the applicable Issuing Bank, the
Borrower also shall submit a letter of credit application on such Issuing Bank’s standard form in connection with any request for a Letter of Credit (each, an “LC Application”). A Letter of Credit shall be issued, amended,
renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the
LC Exposure shall not exceed $50,000,000, (ii) the total Foreign Currency Credit Exposure shall not exceed the Foreign Currency Sublimit and (iii) the total Revolving Credit Exposures shall not exceed the total Commitments. 

(c) Expiration Date. Each Letter of Credit shall expire at or prior to the close of business on the earlier of (i) the date
one year after the date of the issuance of such Letter of Credit (or, in the case of any renewal or extension thereof, one year after such renewal or extension, provided that any Letter of Credit may provide by its terms for the automatic
renewal thereof for additional one-year periods, but in no event beyond the date described in 

  
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clause (ii) of this subsection) and (ii) the date that is five Business Days prior to the Maturity Date unless such Letter of Credit is cash collateralized as hereinafter provided in
which case such Letter of Credit shall expire no later than the date that is five Business Days prior to the first anniversary of the Maturity Date. If any Letter of Credit is outstanding for any reason on the Maturity Date, Borrower shall deliver
to the Administrative Agent on or prior to the Maturity Date cash collateral in an amount equal to 105% of the undrawn and unexpired amount of such Letter of Credit pursuant to documentation satisfactory to the Administrative Agent. 

(d) Participations. By the issuance of a Letter of Credit (or an amendment to a Letter of Credit increasing the amount thereof)
and without any further action on the part of the applicable Issuing Bank or the Lenders, the applicable Issuing Bank hereby grants to each Lender, and each Lender hereby acquires from such Issuing Bank, a participation in such Letter of Credit
equal to such Lender’s Applicable Percentage of the aggregate amount available to be drawn under such Letter of Credit. In consideration and in furtherance of the foregoing, each Lender hereby absolutely and unconditionally agrees to pay to the
Administrative Agent, for the account of the applicable Issuing Bank, such Lender’s Applicable Percentage of each LC Disbursement made by the applicable Issuing Bank and not reimbursed by the Borrower on the date due as provided in paragraph
(e) of this Section, or of any reimbursement payment required to be refunded to the Borrower for any reason. Each Lender acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph in respect of Letters of
Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including any amendment, renewal or extension of any Letter of Credit or the occurrence and continuance of a Default or reduction or termination of the
Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever. 
 (e)
Reimbursement. If an Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit, the Borrower shall reimburse such LC Disbursement by paying to the Administrative Agent in Dollars the Dollar Equivalent to such LC
Disbursement, calculated as of the date the Issuing Bank made such LC Disbursement (or if the Issuing Bank shall so elect in its sole discretion by notice to the Borrower, in the Foreign Currency which was paid by the Issuing Bank pursuant to such
LC Disbursement in an amount equal to such LC Disbursement) not later than (i) with respect to a reimbursement in Dollars, 2:00 p.m., Chicago time, on the date such LC Disbursement is made if the Borrower shall have received notice of such
LC Disbursement prior to 10:00 a.m., Chicago time, on such date, or, if such notice has not been received by the Borrower prior to such time on such date, then not later than 2:00 p.m., Chicago time, on the Business Day immediately
following the day that Borrower receives such notice or (ii) with respect to a reimbursement in a Foreign Currency, 2:00 p.m., London time, on the date that is five (5) Business Days after Borrower shall have received notice of such
LC Disbursement if Borrower shall have received such notice prior to 10:00 a.m., London time, or, if such notice has not been received by the Borrower prior to such time on such date, then not later than 2:00 p.m., on the date that is six
(6) Business Days after Borrower receives such notice. Borrower may, subject to the conditions to borrowing set forth herein, request that its reimbursement of an LC Disbursement (i) with respect to a reimbursement in Dollars, be financed
in accordance with Section 2.03 or 2.05 with an ABR Revolving Loan or Swingline Loan in the Dollar Equivalent of such LC Disbursement, calculated as of the date the Issuing Bank made such LC Disbursement and, to the extent so financed, the
Borrower’s obligation to make such payment shall be discharged and replaced by the resulting ABR Revolving Loan or 

  
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Swingline Loan, as applicable, or (ii) with respect to a reimbursement in a Foreign Currency, be financed by a Foreign Currency Loan in accordance with Section 2.03 in an amount equal
to such LC Disbursement and, to the extent so financed, the Borrower’s obligation to make such payment shall be discharged and replaced by the resulting Foreign Currency Loan. If the Borrower fails to make such payment when due, the
Administrative Agent shall notify each Lender of the applicable LC Disbursement, the payment then due from the Borrower in respect thereof and such Lender’s Applicable Percentage thereof. Promptly following receipt of such notice, each Lender
shall pay to the Administrative Agent its Applicable Percentage of the payment then due from the Borrower, in the same manner as provided in Section 2.07 with respect to Loans made by such Lender (and Section 2.07 shall apply, mutatis
mutandis, to the payment obligations of the Lenders), and the Administrative Agent shall promptly pay to the applicable Issuing Bank the amounts so received by it from the Lenders. Promptly following receipt by the Administrative Agent of any
payment from the Borrower pursuant to this paragraph, the Administrative Agent shall distribute such payment to the applicable Issuing Bank or, to the extent that Lenders have made payments pursuant to this paragraph to reimburse such Issuing Bank,
then to such Lenders and such Issuing Bank as their interests may appear. Any payment made by a Lender pursuant to this paragraph to reimburse an Issuing Bank for any LC Disbursement (other than the funding of ABR Revolving Loans, Swingline Loan or
Foreign Currency Loan, as applicable, as contemplated above) shall not constitute a Loan and shall not relieve the Borrower of its obligation to reimburse such LC Disbursement. 

(f) Obligations Absolute. The Borrower’s obligation to reimburse LC Disbursements as provided in paragraph (e) of this
Section shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement under any and all circumstances whatsoever and irrespective of (i) any lack of validity or
enforceability of any Letter of Credit or this Agreement, or any term or provision therein, (ii) any draft or other document presented under a Letter of Credit proving to be forged, fraudulent or invalid in any respect or any statement therein
being untrue or inaccurate in any respect, (iii) payment by an Issuing Bank under a Letter of Credit against presentation of a draft or other document that does not comply with the terms of such Letter of Credit, or (iv) any other event or
circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this Section, constitute a legal or equitable discharge of, or provide a right of setoff against, the Borrower’s obligations
hereunder. Neither the Administrative Agent, the Lenders nor the Issuing Banks, nor any of their Related Parties, shall have any liability or responsibility by reason of or in connection with the issuance or transfer of any Letter of Credit or any
payment or failure to make any payment thereunder (irrespective of any of the circumstances referred to in the preceding sentence), or any error, omission, interruption, loss or delay in transmission or delivery of any draft, notice or other
communication under or relating to any Letter of Credit (including any document required to make a drawing thereunder), any error in interpretation of technical terms or any consequence arising from causes beyond the control of an Issuing Bank;
provided that the foregoing shall not be construed to excuse an Issuing Bank from liability to the Borrower to the extent of any direct damages (as opposed to consequential damages, claims in respect of which are hereby waived by the Borrower
to the extent permitted by applicable law) suffered by the Borrower that are caused by such Issuing Bank’s failure to exercise care when determining whether drafts and other documents presented under a Letter of Credit comply with the terms
thereof. The parties hereto expressly agree that, in the absence of gross negligence or wilful misconduct on the part of an Issuing Bank (as finally determined by a court of competent 

  
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jurisdiction), such Issuing Bank shall be deemed to have exercised care in each such determination. In furtherance of the foregoing and without limiting the generality thereof, the parties agree
that, with respect to documents presented which appear on their face to be in substantial compliance with the terms of a Letter of Credit, the applicable Issuing Bank may, in its sole discretion, either accept and make payment upon such documents
without responsibility for further investigation, regardless of any notice or information to the contrary, or refuse to accept and make payment upon such documents if such documents are not in strict compliance with the terms of such Letter of
Credit. 
 (g) Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof,
examine all documents purporting to represent a demand for payment under a Letter of Credit. The applicable Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by telecopy or an electronic image
transmitted via electronic mail) of such demand for payment and whether such Issuing Bank has made or will make an LC Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of
its obligation to reimburse such Issuing Bank and the Lenders with respect to any such LC Disbursement. 
 (h) Interim
Interest. If the applicable Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day
from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum equal to (i) with respect to amounts paid in Dollars, the rate then applicable to ABR
Revolving Loans and (ii) with respect to amounts paid in a Foreign Currency, the rate then applicable to Eurocurrency Loans; provided that, in either case, if the Borrower fails to reimburse such LC Disbursement when due pursuant to
paragraph (e) of this Section, then Section 2.13(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any
Lender pursuant to paragraph (e) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment. 
 (i) Replacement of an Issuing Bank. An Issuing Bank may be replaced at any time by written agreement among the Borrower, the Administrative Agent, the replaced Issuing Bank and the successor
Issuing Bank. The Administrative Agent shall notify the Lenders of any such replacement of an Issuing Bank. At the time any such replacement shall become effective, the Borrower shall pay all unpaid fees accrued for the account of the replaced
Issuing Bank pursuant to Section 2.12(b). From and after the effective date of any such replacement, (i) the successor Issuing Bank shall have all the rights and obligations of the replaced Issuing Bank under this Agreement with respect to
Letters of Credit to be issued thereafter and (ii) references herein to the term “Issuing Bank” shall be deemed to refer to such successor or to any previous Issuing Bank, or to such successor and all previous Issuing Banks, as the
context shall require. After the replacement of an Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto and shall continue to have all the rights and obligations of an Issuing Bank under this Agreement with respect to
Letters of Credit issued by it prior to such replacement, but shall not be required to issue additional Letters of Credit. 

  
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 (j) Cash Collateralization. If any Event of Default shall occur and be continuing and
the Loans shall have been accelerated, on the Business Day that the Borrower receives notice from the Administrative Agent or Lenders with LC Exposure representing greater than 50% of the total LC Exposure demanding the deposit of cash collateral
pursuant to this paragraph, the Borrower shall deposit in one or more accounts with the Administrative Agent, in the name of the Administrative Agent and for the benefit of the Lenders, an amount in cash equal to 105% of the LC Exposure as of such
date plus any accrued and unpaid interest thereon; provided that the obligation to deposit such cash collateral shall become effective immediately, and such deposit shall become immediately due and payable, without demand or other notice of
any kind, upon the occurrence of any Event of Default with respect to any Loan Party described in clause (h) or (i) of Article VII. In addition, Borrower shall cash collateralize any LC Exposure to the extent required by
Section 2.11(c). Such deposit of cash shall be in the same currency as the applicable Letter of Credit was issued. Such deposit shall be held by the Administrative Agent as collateral for the payment and performance of the LC Exposure and fees
referred to in Section 2.12(b). The Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account(s), and Borrower hereby grants Administrative Agent a security interest in such
account(s) to secure the LC Exposure and fees referred to in Section 2.12(b). Other than any interest earned on the investment of such deposits, which investments shall be made at the option and sole discretion of the Administrative Agent and
at the Borrower’s risk and expense, such deposits shall not bear interest. Interest or profits, if any, on such investments shall accumulate in such account(s). Moneys in such account(s) shall be applied by the Administrative Agent to reimburse
the applicable Issuing Bank for LC Disbursements for which it has not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of the Borrower for the LC Exposure and fees referred to in
Section 2.12(b). If the Borrower is required to provide an amount of cash collateral hereunder as a result of the occurrence of an Event of Default, such amount (to the extent not applied as aforesaid) shall be returned to the Borrower after
all Events of Default have been cured or waived and the Loans de-accelerated within two Business Days’ after Agent’s receipt of Borrower’s written request for the return thereof. 

SECTION 2.07 Funding of Borrowings. 
 (a) (i) Each Lender shall make each Loan to be made by it hereunder in Dollars on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, Chicago time, to the account
of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided that Swingline Loans shall be made as provided in Section 2.05. The Administrative Agent will make such Loans available to the
Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained with the Administrative Agent in Chicago and designated by the Borrower in the applicable Borrowing Request; provided that ABR
Revolving Loans made to finance the reimbursement of an LC Disbursement as provided in Section 2.06(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank. 

(ii) On the Borrowing Date, each Lender will make the amount of its pro rata share of each Foreign Currency Loan
available to the Administrative Agent at the applicable office specified on the Foreign Currency Administrative Schedule, prior to the time specified on the Foreign Currency Administrative Schedule for the relevant Foreign

  
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Currency, in the relevant Foreign Currency in funds immediately available. Such borrowing will then be made available to the Borrower, in like funds as received by the Administrative Agent to the
account specified on the Foreign Currency Administrative Schedule. 
 (b) Unless the Administrative Agent shall have received
notice from a Lender prior to the proposed date of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such
share available on such date in accordance with paragraph (a) of this Section and may, in reliance upon such assumption, make available to the Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of
the applicable Borrowing available to the Administrative Agent, then the applicable Lender and the Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount with interest thereon, for each day from and
including the date such amount is made available to the Borrower to but excluding the date of payment to the Administrative Agent at (i) in the case of such Lender, the greater of (x) (1) with respect to Loans denominated in Dollars,
the Federal Funds Effective Rate or (2) with respect to Foreign Currency Loans, the Eurocurrency Rate and (y) a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation or (ii) in
the case of the Borrower, (x) with respect to Loans denominated in Dollars, the interest rate applicable to ABR Loans and (y) with respect to Foreign Currency Loans, the interest rate applicable to Eurocurrency Loans. If such Lender pays
such amount to the Administrative Agent, then such amount shall constitute such Lender’s Loan included in such Borrowing. 

SECTION 2.08 Interest Elections. 
 (a) Each Revolving Borrowing in Dollars initially shall be of the Type specified in the applicable Borrowing Request, each Foreign Currency Loan shall be a Eurocurrency Loan and, in the case of a
Eurodollar Revolving Borrowing or Foreign Currency Loan, shall have an initial Interest Period as specified in such Borrowing Request. Thereafter, the Borrower may elect to convert Revolving Borrowings in Dollars to a different Type, or to continue
any Revolving Borrowing and, in the case of a Eurodollar Revolving Borrowing or Foreign Currency Loan, may elect Interest Periods therefor, all as provided in this Section. In accordance with the terms of this Agreement, the Borrower may elect
different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion
shall be considered a separate Borrowing. This Section shall not apply to Swingline Borrowings, which may not be converted or continued. 
 (b) To make an election pursuant to this Section, the Borrower shall notify the Administrative Agent of such election by telephone (with respect to Revolving Loans made in Dollars) or by hand delivery,
telecopy or an electronic image transmitted via electronic mail to the Administrative Agent by the time that a Borrowing Request would be required under Section 2.03 either (x) with respect to Revolving Loans made in Dollars, if the
Borrower were requesting a Revolving Borrowing of the Type resulting from such election to be made on the effective date of such election or (y) for Foreign Currency Loans. Each such telephonic Interest Election Request shall be irrevocable and
shall be confirmed promptly by hand delivery, 

  
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telecopy or an electronic image transmitted via electronic mail to the Administrative Agent of a written Interest Election Request in a form approved by the Administrative Agent, and signed by
the Borrower. 
 (c) Each telephonic and written Interest Election Request shall specify the following information in compliance
with Section 2.02: 
 (i) the Borrowing to which such Interest Election Request applies and, if different
options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses (iii) and (iv) below shall be
specified for each resulting Borrowing); 
 (ii) the effective date of the election made pursuant to such
Interest Election Request, which shall be a Business Day; 
 (iii) (x) with respect to Revolving Loans in
Dollars, whether the resulting Borrowing is to be an ABR Revolving Borrowing or a Eurodollar Borrowing and (y) with respect to Foreign Currency Loans, the Borrowing is to be a Eurocurrency Loan; and 

(iv) if the resulting Borrowing is a Eurodollar Borrowing or a Foreign Currency Loan, the Interest Period to be
applicable thereto after giving effect to such election, which shall be a period contemplated by the definition of the term “Interest Period”. 
 If any such Interest Election Request requests a Eurodollar Borrowing or a Foreign Currency Loan but does not specify an Interest Period, then the Borrower shall be deemed to have selected an Interest
Period of one month’s duration.Borrower may not convert a Borrowing denominated in a Foreign Currency into another currency, but rather, must repay the Borrowing denominated in the first currency and then request a Loan in Dollars or another
Foreign Currency. 
 (d) Promptly following receipt of an Interest Election Request, the Administrative Agent shall advise each
Lender of the details thereof and of such Lender’s portion of each resulting Borrowing. 
 (e) If the Borrower fails to
deliver a timely Interest Election Request with respect to a Eurodollar Revolving Borrowing or a Foreign Currency Loan prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end
of such Interest Period (x) any such Eurodollar Revolving Borrowing shall be converted to an ABR Borrowing and (y) any such Foreign Currency Loan shall continue as a Eurocurrency Loan with an Interest Period of one month. Notwithstanding
any contrary provision hereof, if an Event of Default has occurred and is continuing and the Administrative Agent, at the request of the Required Lenders, so notifies the Borrower, then, so long as an Event of Default is continuing (i) no
outstanding Revolving Borrowing in Dollars may be converted to or continued as a Eurodollar Borrowing and (ii) unless repaid, each Eurodollar Revolving Borrowing shall be converted to an ABR Borrowing at the end of the Interest Period
applicable thereto. 

  
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 (f) Without limiting the provisions of Article VII, in the event that any Foreign
Currency Loan shall be outstanding and an Event of Default exists with respect the payment of the principal of or interest on such Foreign Currency Loan the Administrative Agent may, and at the request of the Required Lenders shall, terminate the
commitments of the Lenders to make Foreign Currency Loans (without terminating the Commitments as a whole) and may declare any Foreign Currency Loans then outstanding to be due and payable in whole or in part (without declaring the other Obligations
to be due and payable) and thereupon the principal amount of the Foreign Currency Loans so declared to be due and payable, together with all accrued interest, fees and other obligations accrued thereon or with respect thereto shall become due and
payable. 
 SECTION 2.09 Termination and Reduction of Commitments. 

(a) Unless previously terminated, the Commitments shall terminate on the Maturity Date. 

(b) The Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of
the Commitments shall be in an amount that is an integral multiple of $1,000,000 and not less than $5,000,000 and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans
in accordance with Section 2.11, the total Revolving Credit Exposures would exceed the total Commitments. 
 (c) The
Borrower shall notify the Administrative Agent of any election to terminate or reduce the Commitments under paragraph (b) of this Section at least three Business Days prior to the effective date of such termination or reduction, specifying
such election and the effective date thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the Lenders of the contents thereof. Each notice delivered by the Borrower pursuant to this Section shall be
irrevocable; provided that a notice of termination of the Commitments delivered by the Borrower may state that such notice is conditioned upon the effectiveness of other credit facilities, in which case such notice may be revoked by the
Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Any termination or reduction of the Commitments shall be permanent. Each reduction of the Commitments shall be made
ratably among the Lenders in accordance with their respective Commitments. 
 SECTION 2.10 Repayment of Loans; Evidence
of Debt. 
 (a) The Borrower hereby unconditionally promises to pay (i) to the Administrative Agent for the account of
each Lender the then unpaid principal amount of each Revolving Loan on the Maturity Date (and, with respect to Foreign Currency Loans, in the applicable Foreign Currency in which such Loans are denominated), and (ii) to the Swingline Lender the
then unpaid principal amount of each Swingline Loan on the earlier of the Maturity Date and the tenth Business Day after such Swingline Loan is made; provided that on each date that a Revolving Borrowing is made, the Borrower shall repay all
Swingline Loans then outstanding. 

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

(c) The Administrative Agent shall maintain accounts in which it shall record (i) the amount of each Loan made hereunder, the Class
and Type thereof or the Foreign Currency thereof, as applicable, and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder
and (iii) the amount of any sum received by the Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof. 
 (d) The entries made in the accounts maintained pursuant to paragraph (b) or (c) of this Section shall be prima facie evidence of the existence and amounts of the obligations
recorded therein; provided that the failure of any Lender or the Administrative Agent to maintain such accounts or any error therein shall not in any manner affect the obligation of the Borrower to repay the Loans in accordance with the terms
of this Agreement. 
 (e) Any Lender may request that Loans made by it be evidenced by a promissory note. In such event, the
Borrower shall prepare, execute and deliver to such Lender a promissory note payable to the order of such Lender (or, if requested by such Lender, to such Lender and its registered assigns) and in a form approved by the Administrative Agent.
Thereafter, the Loans evidenced by such promissory note (each a “Note”) and interest thereon shall at all times (including after assignment pursuant to Section 9.04) be represented by one or more Notes in such form payable to
the order of the payee named therein. 
 SECTION 2.11 Prepayment of Loans. 

(a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to prior
notice in accordance with paragraph (b) of this Section. 
 (b) The Borrower shall notify the Administrative Agent (and, in
the case of prepayment of a Swingline Loan, the Swingline Lender) by telephone (confirmed by telecopy or an electronic image transmitted via electronic mail) of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Revolving
Borrowing, not later than 11:00 a.m., Chicago time, three Business Days before the date of prepayment, (ii) in the case of prepayment of an ABR Revolving Borrowing, not later than 11:00 a.m., Chicago time, one Business Day before the
date of prepayment, (iii) in the case of prepayment of a Swingline Loan, not later than 12:00 noon, Chicago time, on the date of prepayment and (iv) in the case of prepayment of a Foreign Currency Loan, not later than the time set forth
for the relevant Foreign Currency on the Foreign Currency Administrative Schedule. Each such notice shall be irrevocable and shall specify the prepayment date, the Loans to be prepaid, whether the prepayment is of Eurodollar Loans, ABR Loans or
Foreign Currency Loans (and, with respect to Foreign Currency Loans, the Foreign Currency in which such Loans are denominated) and the principal amount of each Borrowing or portion thereof to be prepaid; provided that, if a notice of
prepayment is given in connection with a conditional notice of termination of the Commitments as contemplated by Section 2.09, then 

  
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such notice of prepayment may be revoked if such notice of termination is revoked in accordance with Section 2.09. Promptly following receipt of any such notice relating to a Revolving
Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Revolving Borrowing shall be in an amount that would be permitted in the case of an advance of a Revolving Borrowing in Dollars of
the same Type as provided in Section 2.02 or, with respect to a Foreign Currency Loan, in a minimum amount as set forth for the relevant Foreign Currency on the Foreign Currency Administrative Schedule. Each prepayment of a Revolving Borrowing
shall be applied ratably to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 2.13. 
 (c) If, on any Calculation Date, (i) the total Foreign Currency Credit Exposure exceeds an amount equal to 105% of the Foreign Currency Sublimit, the Borrower shall, within one (1) Business Day
after notice of such event from Administrative Agent, repay such of the outstanding Foreign Currency Loans in an aggregate principal amount and, if necessary, cash collateralize any LC Exposure denominated in Foreign Currencies in accordance with
Section 2.06(j) such that, after giving effect thereto, the Foreign Currency Credit Exposure does not exceed the Foreign Currency Sublimit or (ii) the total Revolving Credit Exposure of all Lenders exceeds the total Commitments of all
Lenders, which excess continues for four consecutive Business Days thereafter, then on such fourth Business Day, the Borrower shall, without notice or demand, immediately repay such of the total Revolving Loans and, if necessary, cash collateralize
any LC Exposure in accordance with Section 2.06(j), in an amount such that, after giving effect thereto, the total Revolving Credit Exposure of all Lenders does not exceed the total Commitments of all Lenders. For purposes of this
Section 2.11(c), any LC Exposure which is cash collateralized shall be deemed to reduce Foreign Currency Credit Exposure and Revolving Credit Exposure to the extent of such cash collateral. 

SECTION 2.12 Fees. 
 (a) The Borrower agrees to pay to the Administrative Agent for the account of each Lender a commitment fee at a per annum rate equal to the Applicable Rate on the average daily unused portion of such
Lender’s Commitment from the date hereof to and including the date on which the Commitments terminate (the “Commitment Fee”). Accrued Commitment Fees shall be payable in arrears on the last day of March, June,
September and December of each year and on the date on which the Commitments terminate, commencing on the first such date to occur after the date hereof. All Commitment Fees shall be computed on the basis of a year of 360 days and shall be
payable for the actual number of days elapsed (including the first day but excluding the last day).For purposes of calculating the Commitment Fee hereunder, the principal amount of each Revolving Loan and Letter of Credit made in a Foreign Currency
shall be at any time the Dollar Equivalent thereof as determined on the most recent Calculation Date with respect to thereto. 

(b) The Borrower agrees to pay (i) to the Administrative Agent for the account of each Lender a participation fee (the “LC
Fee”) with respect to its participations in Letters of Credit, which shall accrue at the Applicable Rate with respect to Eurodollar Revolving Loans on the average daily amount of such Lender’s LC Exposure (excluding any portion thereof
attributable to unreimbursed LC Disbursements) during the period from and including the 

  
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Effective Date to but excluding the later of the date on which such Lender’s Commitment terminates and the date on which such Lender ceases to have any LC Exposure, (ii) to each of the
Issuing Banks for its own account a fronting fee equal to 0.25% per annum on the undrawn amount of each applicable Letter of Credit which shall be payable quarterly in arrears, and (iii) to each of the Issuing Banks its standard fees with
respect to the issuance, amendment, renewal or extension of any Letter of Credit or processing of drawings thereunder. LC Fees accrued through and including the last day of March, June, September and December of each year shall be payable
on the third Business Day following such last day, commencing on the first such date to occur after the Effective Date; provided that all such fees shall be payable on the date on which the Commitments terminate and any such fees accruing
after the date on which the Commitments terminate shall be payable on demand. Any other fees payable to the Issuing Banks pursuant to this paragraph shall be payable within 10 days after demand. All LC Fees shall be computed on the basis of a year
of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). All fees payable under this Section 2.12(b) with respect to a Letter of Credit made in a Foreign Currency shall be
payable in such Foreign Currency. 
 (c) The Borrower agrees to pay to Administrative Agent, for its own account, for the
account of the Arranger and for the account of the Lenders, as applicable, the fees set forth in the Fee Letters in the amounts and at the times described therein. 
 (d) All fees payable hereunder shall be paid on the dates due, in immediately available funds, to the Administrative Agent (or to each of the Issuing Banks, in the case of fees payable to it) for
distribution, in the case of Commitment Fees and LC Fees, to the Lenders. Fees paid shall not be refundable under any circumstances. All fees, interest and other amounts payable under the Restated Agreement or other Loan Documents (as defined in the
Restated Agreement) that have accrued up to but excluding the date hereof, shall be paid to the Administrative Agent, the Restatement Lenders or other Persons specified therein, and all fees, interest and other amounts that accrue from after the
date hereof shall be for the account of the Administrative Agent, Issuing Banks, Lenders or other Persons specified herein or in the other Loan Documents. 
 SECTION 2.13 Interest. 
 (a) The Loans comprising each ABR Borrowing
(including each Swingline Loan) shall bear interest at the Alternate Base Rate plus the Applicable Rate. 
 (b) The Loans
(i) comprising each Eurodollar Borrowing shall bear interest at the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus the Applicable Rate, and (ii) comprising each Eurocurrency Borrowing shall bear interest at
the Eurocurrency Rate for the Interest Period in effect for such Borrowing plus the Applicable Rate. 
 (c) Notwithstanding the
foregoing, if any principal of or interest on any Loan or any fee or other amount payable by the Borrower hereunder is not paid when due, whether at stated maturity, upon acceleration or otherwise, such overdue amount shall bear interest, after as
well as before judgment, at a rate per annum equal to (i) in the case of overdue principal of any Loan, 2% plus the rate otherwise applicable to such Loan as provided in the preceding 

  
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paragraphs of this Section or (ii) in the case of any other amount, 2% plus the rate applicable to ABR Loans as provided in paragraph (a) of this Section. 

(d) Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date for such Loan and, in the case of Revolving
Loans, upon termination of the Commitments; provided that (i) interest accrued pursuant to paragraph (c) of this Section shall be payable on demand, (ii) in the event of any repayment or prepayment of any Loan (other than
a prepayment of an ABR Revolving Loan prior to the end of the Availability Period), accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment and (iii) in the event of any conversion
of any Eurodollar Revolving Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion. 

(e) All interest hereunder shall be computed on the basis of a year of 360 days, except that interest computed by reference to the
Alternate Base Rate at times when the Alternate Base Rate is based on the Prime Rate and interest on Loans denominated in British Pounds Sterling shall be computed on the basis of a year of 365 days (or, with respect to interest computed by
reference to the Alternate Base Rate only, 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day). The applicable Alternate Base Rate, Adjusted LIBO
Rate, LIBO Rate, Eurocurrency Rate or Eurocurrency Base Rate shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error. 
 SECTION 2.14 Alternate Rate of Interest. If prior to the commencement of any Interest Period for a Eurodollar Borrowing or Foreign Currency Loan: 

(a) the Administrative Agent determines (which determination shall be conclusive absent manifest error) that adequate and reasonable
means do not exist for ascertaining the Adjusted LIBO Rate or the LIBO Rate or Eurocurrency Rate or Eurocurrency Base Rate, as applicable, for such Interest Period; or 
 (b) the Administrative Agent is advised by the Required Lenders that the Adjusted LIBO Rate or the LIBO Rate or Eurocurrency Rate or Eurocurrency Base Rate, as applicable, for such Interest Period will
not adequately and fairly reflect the cost to such Lenders (or Lender) of making or maintaining their Loans (or its Loan) included in such Borrowing for such Interest Period; 
 then the Administrative Agent shall give notice thereof to the Borrower and the Lenders by telephone, telecopy or an electronic image transmitted via electronic mail as promptly as practicable thereafter
and, until the Administrative Agent notifies the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, (i) any Interest Election Request that requests the conversion of any Revolving Borrowing to, or
continuation of any Revolving Borrowing as, a Eurodollar Borrowing or Eurocurrency Loan, as applicable, shall be ineffective, and (ii) if any Borrowing Request requests a Eurodollar Revolving Borrowing, such Borrowing shall be made as an ABR
Borrowing; provided that if the circumstances giving rise to such notice affect only one Type of Borrowings, then the other Type of Borrowings shall be permitted and (iii) if any Borrowing Request requests a Eurocurrency Revolving
Borrowing, such 

  
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Borrowing shall not be made and any outstanding Foreign Currency Loans shall be due and payable on the last day of the then current Interest Period. 

SECTION 2.15 Increased Costs. 
 (a) If any Change in Law shall: 
 (i) impose, modify or deem
applicable any reserve, special deposit or similar requirement against assets of, deposits with or for the account of, or credit extended by, any Lender (except any such reserve requirement reflected in the Adjusted LIBO Rate or Eurocurrency Rate)
or the Issuing Bank; or 
 (ii) impose on any Lender or any Issuing Bank or the London interbank market any
other condition affecting this Agreement, Eurodollar Loans or Eurocurrency 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 Loan or Eurocurrency Loan, as applicable (or of maintaining its obligation to
make any such Loan), or to increase the cost to such Lender or such Issuing Bank of participating in, issuing or maintaining any Letter of Credit or to reduce the amount of any sum received or receivable by such Lender or such Issuing Bank hereunder
(whether of principal, interest or otherwise), then the Borrower will pay to such Lender or the Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or such Issuing Bank, as the case may be, for such
additional costs incurred or reduction suffered. 
 (b) If any Lender or any Issuing Bank determines that any Change in Law
regarding capital requirements has or would have the effect of reducing the rate of return on such Lender’s or such Issuing Bank’s capital or on the capital of such Lender’s or such Issuing Bank’s holding company, if any, as a
consequence of this Agreement or the Loans made by, or participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by such Issuing Bank, to a level below that which such Lender or such Issuing Bank or such Lender’s
or such Issuing Bank’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or such Issuing Bank’s policies and the policies of such Lender’s or such Issuing Bank’s holding
company with respect to capital adequacy), then from time to time the Borrower will pay to such Lender or such Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or such Issuing Bank or such
Lender’s or such Issuing Bank’s holding company for any such reduction suffered. 
 (c) If by reason of any Change in
Law subsequent to the Effective Date, disruption of currency or foreign exchange markets, war or civil disturbance or similar event, the funding of any Foreign Currency Loans in any relevant Foreign Currency or the funding of any Foreign Currency
Loan in any relevant Foreign Currency to an office located other than in Chicago shall be impossible or, in the reasonable judgment of any applicable Lender, such Foreign Currency is no longer available or readily convertible to Dollars, or the
Dollar Equivalent of such Foreign Currency is no longer readily calculable, then, at the election of any applicable Lender, no Foreign Currency Loans in the relevant Foreign Currency shall be made or

  
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any Foreign Currency Loan in the relevant Foreign Currency shall be made to an office of the Administrative Agent located in Chicago, as the case may be. 

(d) If payment in respect of any Foreign Currency Loan shall be due in a currency other than Dollars and/or at a place of payment other
than Chicago and if, by reason of any Change in Law subsequent to the Effective Date, disruption of currency or foreign exchange markets, war or civil disturbance or similar event, payment of such Obligations in such currency or such place of
payment shall be impossible or, in the reasonable judgment of any applicable Lender, such Foreign Currency is no longer available or readily convertible to Dollars, or the Dollar Equivalent of such Foreign Currency is no longer readily calculable,
then, at the election of any affected Lender, the Borrower shall make payment of such Foreign Currency Loan in Dollars (based upon the Exchange Rate in effect for the day on which such payment occurs, as determined by the Administrative Agent in
accordance with the terms hereof) and/or in Chicago, and shall indemnify such Lender against any currency exchange losses or reasonable out-of-pocket expenses that it shall sustain as a result of such alternative payment. 

(e) A certificate of a Lender or an Issuing Bank setting forth the amount or amounts necessary to compensate such Lender or such Issuing
Bank or its holding company, as the case may be, as specified in paragraph (a), (b), (c) or (d) of this Section shall be delivered to the Borrower and shall be conclusive absent manifest error. The Borrower shall pay such Lender or
such Issuing Bank, as the case may be, the amount shown as due on any such certificate within 10 days after receipt thereof. 

(f) Failure or delay on the part of any Lender or any Issuing Bank to demand compensation pursuant to this Section shall not
constitute a waiver of such Lender’s or such Issuing Bank’s right to demand such compensation; provided that the Borrower shall not be required to compensate a Lender or an Issuing Bank pursuant to this Section for any
increased costs or reductions incurred more than 270 days prior to the date that such Lender or such Issuing Bank, as the case may be, notifies the Borrower of the Change in Law giving rise to such increased costs or reductions and of such
Lender’s or such Issuing Bank’s intention to claim compensation therefor; provided further that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the 270-day period referred to above
shall be extended to include the period of retroactive effect thereof. 
 SECTION 2.16 Break Funding Payments. In
the event of (a) the payment of any principal of any Eurodollar Loan or Eurocurrency Loan other than on the last day of an Interest Period applicable thereto (including as a result of an Event of Default), (b) the conversion of any
Eurodollar Loan other than on the last day of the Interest Period applicable thereto, (c) the failure to borrow, convert, continue or prepay any Eurodollar Loan or Eurocurrency Loan on the date specified in any notice delivered pursuant hereto
(regardless of whether such notice may be revoked under Section 2.11(b) and is revoked in accordance therewith), or (d) the assignment of any Eurodollar Loan or Eurocurrency Loan other than on the last day of the Interest Period applicable
thereto as a result of a request by the Borrower pursuant to Section 2.19, then, in any such event, the Borrower shall compensate each Lender for the actual loss, cost and expense attributable to such event including any loss arising from the
liquidation or redeployment of funds obtained by it to maintain such Loan or fees payable to terminate the deposits from which such funds were obtained. A certificate of any Lender setting forth any amount or amounts that

  
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such Lender is entitled to receive pursuant to this Section shall be delivered to the Borrower and shall be conclusive absent manifest error. The Borrower shall pay such Lender the amount
shown as due on any such certificate within 10 days after receipt thereof. 
 SECTION 2.17 Taxes. 

(a) Any and all payments by or on account of any obligation of the Borrower hereunder or under the other Loan Documents shall be made
free and clear of and without deduction for any Indemnified Taxes or Other Taxes; provided that if the Borrower shall be required to deduct any Indemnified Taxes or Other Taxes from such payments, then (i) the sum payable shall be
increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section) the Administrative Agent, Lender or Issuing Bank (as the case may be) receives an amount equal to the
sum it would have received had no such deductions been made, (ii) the Borrower shall make such deductions and (iii) the Borrower shall pay the full amount deducted to the relevant Governmental Authority in accordance with applicable law.

 (b) In addition, the Borrower shall pay any Other Taxes to the relevant Governmental Authority in accordance with applicable
law. 
 (c) The Borrower shall indemnify the Administrative Agent, each Lender and each Issuing Bank, within fifteen
(15) days after written demand therefor, for the full amount of any Indemnified Taxes or Other Taxes paid by the Administrative Agent, such Lender or such Issuing Bank, as the case may be, on or with respect to any payment by or on account of
any obligation of the Borrower hereunder or under any other Loan Document (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section) and any penalties, interest and reasonable expenses
arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability
delivered to the Borrower by a Lender or an Issuing Bank, or by the Administrative Agent on its own behalf or on behalf of a Lender or an Issuing Bank, shall be conclusive absent manifest error. 

(d) As soon as practicable after any payment of Indemnified Taxes or Other Taxes by the Borrower to a Governmental Authority, the
Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably
satisfactory to the Administrative Agent. 
 (e) Any Foreign Lender that is entitled to an exemption from or reduction of
withholding tax under the law of the jurisdiction in which the Borrower is located, or any treaty to which such jurisdiction is a party, with respect to payments under the Loan Documents shall deliver to the Borrower (with a copy to the
Administrative Agent), at the time or times prescribed by applicable law, such properly completed and executed documentation (including IRS Form W-9, W-8BEN or W-8ECI, as applicable) prescribed by applicable law or reasonably requested by the
Borrower as will permit such payments to be made without withholding or at a reduced rate. A Lender that is entitled to an exemption from or reduction of non-U.S. 

  
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withholding tax under the law of the jurisdiction in which the Borrower makes a payment under this Agreement, or any treaty applicable to such jurisdiction, shall deliver to the Borrower (with a
copy to the Administrative Agent), at the time or times prescribed by applicable law or reasonably requested by the Borrower or the Administrative Agent, such properly completed and executed documentation prescribed by applicable law as will permit
such payments to be made without withholding or at a reduced rate; provided that such Lender is legally entitled to complete, execute and deliver such documentation and in such Lender’s judgment such completion, execution or submission
would not materially prejudice the legal or commercial position of such Lender. If a payment made to a Foreign 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 (with a copy to the Administrative Agent) at the time or times
prescribed by law and at such time or times reasonably requested by the Borrower, such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation as reasonably
requested by the Borrower as may be necessary for the Borrower or the Administrative Agent to comply with their respective obligations under FATCA, to determine that such Lender has or has not complied with such Lender’s obligations under FATCA
and, as necessary, to determine the amount to deduct and withhold from such payment. Solely for purposes of the preceding sentence, “FATCA” shall include any amendments made to FATCA after the date of this Agreement. 

(f) If the Administrative Agent or a Lender determines, in its reasonable discretion, that it has received a refund of any Taxes or Other
Taxes as to which it has been indemnified by the Borrower or with respect to which the Borrower has paid additional amounts pursuant to this Section 2.17, it shall pay over such refund to the Borrower (but only to the extent of indemnity
payments made, or additional amounts paid, by the Borrower under this Section 2.17 with respect to the Taxes or Other Taxes giving rise to such refund), net of all reasonable out-of-pocket expenses of the Administrative Agent or such Lender
(including, without limitation, reasonable attorneys’ fees) 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
Administrative Agent or such Lender, agrees to repay the amount paid over to the Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Administrative Agent or such Lender in the event the
Administrative Agent or such Lender is required to repay such refund to such Governmental Authority. This Section shall not be construed to require the Administrative Agent or any Lender to make available its tax returns (or any other
information relating to its taxes which it deems confidential) to the Borrower or any other Person. 
 SECTION 2.18
Payments Generally; Pro Rata Treatment; Sharing of Set-offs. 
 (a) The Borrower shall make each payment required to be
made by it hereunder (whether of principal, interest, fees or reimbursement of LC Disbursements, or of amounts payable under Sections 2.15, 2.16 or 2.17, the last sentence of this Section 2.18(a), or otherwise (other than payments to be
made in a Foreign Currency)) or under any other Loan Document prior to 12:00 noon, Chicago time, on the date when due, in immediately available funds, without set-off or counterclaim. The Borrower shall make each payment required to be

  
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made by it hereunder in a Foreign Currency, without set-off or counterclaim and shall be made on the due date thereof to the Administrative Agent at the office, and prior to the time for payment
for the relevant Foreign Currency, set forth on the Foreign Currency Administrative Schedule. Any amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding
Business Day for purposes of calculating interest thereon. All such payments (other than payments to be made in a Foreign Currency) shall be made to the Administrative Agent at its offices at 10 South Dearborn, Suite IL1-0318, 19th Floor, Chicago,
Illinois, 60603, except payments to be made directly to an Issuing Bank or Swingline Lender as expressly provided herein and except that payments pursuant to Sections 2.15, 2.16 and 2.17, the last sentence of this Section 2.18(a) and
Section 9.03 shall be made directly to the Persons entitled thereto. The Administrative Agent shall distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof.
If any payment hereunder or under any other Loan Document (other than payments on the Eurodollar Loans or Foreign Currency Loans) shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding
Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. If any payment hereunder in respect of the Eurodollar Loans or Foreign Currency Loans shall be due on a day that is
not a Business Day, the date for payment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such payment into another calendar month, in which event such payment shall be made on the
immediately preceding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments hereunder and under any other Loan Document (other than in respect of Foreign
Currency Loans or as otherwise expressly provided herein or in such other Loan Document) shall be made in Dollars. All payments hereunder in respect of the Foreign Currency Loans shall be made in the relevant Foreign Currency.Notwithstanding
anything to the contrary set forth herein, if, after the making of any Foreign Currency Loan or issuance of a Letter of Credit denominated in a Foreign Currency, currency control or exchange regulations are imposed in the country which issues such
currency with the result that the type of currency in which the Loan or Letter of Credit was made (the “Original Currency”) no longer exists or the Borrower is not able to make payment to the Administrative Agent for the account of
the Lenders in such Original Currency, then all payments to be made by the Borrower hereunder in such currency shall instead be made when due in Dollars (based upon the Exchange Rate in effect for the day on which such payment occurs, as determined
by the Administrative Agent in accordance with the terms hereof), and Borrower shall indemnify each of the Administrative Agent, the Issuing Bank and the Lenders, as applicable, against any currency exchange losses or reasonable out-of-pocket
expenses that it shall sustain as a result of such alternative payment. 
 (b) If at any time insufficient funds are received by
and available to the Administrative Agent to pay fully all amounts of principal, unreimbursed LC Disbursements, interest and fees then due hereunder, such funds shall be applied (i) first, towards payment of interest and fees then due
hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and fees then due to such parties, and (ii) second, towards payment of principal and unreimbursed LC Disbursements then due hereunder, ratably
among the parties entitled thereto in accordance with the amounts of principal and unreimbursed LC Disbursements then due to such parties. 

  
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 (c) If any Lender shall, by exercising any right of set-off or counterclaim or otherwise,
obtain payment in respect of any principal of or interest on any of its Revolving Loans (including Foreign Currency Loans) or participations in LC Disbursements or Swingline Loans resulting in such Lender receiving payment of a greater proportion of
the aggregate amount of its Revolving Loans (including Foreign Currency Loans) and participations in LC Disbursements and Swingline Loans and accrued interest thereon than the proportion received by any other Lender, then the Lender receiving such
greater proportion shall purchase (for cash at face value) participations in the Revolving Loans (including Foreign Currency Loans) and participations in LC Disbursements and Swingline Loans of other Lenders to the extent necessary so that the
benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Revolving Loans (including Foreign Currency Loans) and participations in LC
Disbursements and Swingline Loans; provided that (i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored
to the extent of such recovery, without interest, and (ii) the provisions of this paragraph shall not be construed to apply to any payment made by the Borrower pursuant to and in accordance with the express terms of this Agreement or any
payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or participations in LC Disbursements to any assignee or participant, other than to the Borrower or any Subsidiary or Affiliate
thereof (as to which the provisions of this paragraph 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 set-off 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. 

(d) Unless the Administrative Agent shall have received notice from the Borrower prior to the date on which any payment is due to the
Administrative Agent for the account of the Lenders or an Issuing Bank 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 Issuing Bank, 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 Issuing
Bank, 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 Issuing Bank 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 (i) with respect to Loans denominated in Dollars, the Federal Funds Effective Rate, or (ii) with respect to Foreign Currency Loans, the
Eurocurrency Rate, and (ii) a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. 
 (e) If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.05(c), 2.06(d) or (e), 2.07(b), 2.18(d) or 9.03(c), then the Administrative Agent may, in its
discretion and notwithstanding any contrary provision hereof, (i) apply any amounts thereafter received by the Administrative Agent for the account of such Lender and for the benefit of the Administrative Agent, the Swingline Lender or the
Issuing Banks to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid, and/or (ii) hold any such amounts in a segregated account as cash collateral for, and

  
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application to, any future funding obligations of such Lender under such Sections; in the case of each of (i) and (ii) above, in any order as determined by the Administrative Agent in
its discretion. 
 SECTION 2.19 Mitigation Obligations; Replacement of Lenders. 

(a) If any Lender requests compensation under Section 2.15, makes the election permitted by Section 2.15(c) or (d), or if 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 2.17, then, subject to the proviso in the last sentence of this subsection, such Lender shall use
reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such
designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 2.15 or 2.17 or the need to make the election permitted by Section 2.15(c) or (d), as the case may be, in the future and (ii) would not
subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or
assignment; provided that prior to incurring any such costs or expenses, such Lender will provide Borrower with notice of the amount of such costs and the proposed reduction in amounts payable under Section 2.15 or 2.17 and permit
Borrower the opportunity to determine whether such Lender should proceed with such designation or assignment. 
 (b) If any
Lender requests compensation under Section 2.15, or makes the election permitted by Section 2.15(c) or (d), or if 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 2.17, or if any Lender becomes a Defaulting Lender, or if a Lender is the subject of a Lender Disqualification or is no longer an Eligible Assignee under clause (B) of the definition thereof, 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 Section 9.04), all its
interests, rights and obligations under this Agreement to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that (i) the Borrower shall have received the
prior written consent of the Administrative Agent (and if a Commitment is being assigned, the Issuing Banks), which consent shall not unreasonably be withheld, (ii) such Lender shall have received payment of an amount equal to the outstanding
principal of its Loans and participations in LC Disbursements and Swingline Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder, from the assignee (to the extent of such outstanding principal and accrued
interest and fees) or the Borrower (in the case of all other amounts), (iii) in the case of any such assignment resulting from a claim for compensation under Section 2.15 or payments required to be made pursuant to Section 2.17, such
assignment will result in a reduction in such compensation or payments, (iv) in the case of an assignment resulting from a Lender making an election permitted by Section 2.15(c) or (d), such assignment shall be to an Eligible Assignee that
does not need to make such election, and (iv) in the case of any such assignment resulting from a Lender becoming the subject of a Lender Disqualification or no longer qualifying as an Eligible Assignee under clause (B) of the definition
thereof, such assignment will be to an Eligible Assignee. A Lender shall not be 

  
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required to make any such assignment and delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrower to require such assignment and
delegation cease to apply. 
 SECTION 2.20 Defaulting Lenders. Notwithstanding any provision of this Agreement to
the contrary, if any Lender becomes a Defaulting Lender, then the following provisions shall apply for so long as such Lender is a Defaulting Lender: 
 (a) fees shall cease to accrue on the unfunded portion of the Commitment of such Defaulting Lender pursuant to Section 2.12(a); 

(b) the Commitment and Revolving Credit Exposure of such Defaulting Lender shall not be included in determining whether all Lenders or
the Required Lenders have taken or may take any action hereunder (including any consent to any amendment or waiver pursuant to Section 9.02), provided that any waiver, amendment or modification requiring the consent of all Lenders or
each affected Lender which affects such Defaulting Lender differently than other affected Lenders shall require the consent of such Defaulting Lender; 
 (c) if any Swingline Exposure or LC Exposure exists at the time a Lender becomes a Defaulting Lender then: 
 (i) all or any part of such Swingline Exposure and LC Exposure shall be reallocated among the non-Defaulting Lenders in accordance with their respective Applicable Percentages but only to the extent
(x) the sum of each or any non-Defaulting Lender’s Revolving Credit Exposure plus such non-Defaulting Lender’s allocation of such Defaulting Lender’s Swingline Exposure and LC Exposure does not exceed such non-Defaulting
Lender’s Commitment and (y) the conditions set forth in Section 4.02 are satisfied at such time; 

(ii) if the reallocation described in clause (i) above cannot, or can only partially, be effected, the Borrower
shall within one Business Day following notice by the Administrative Agent (x) first, prepay such Swingline Exposure (to the extent necessary so that the reallocation described in clause (i) can be effected), and (y) second, cash
collateralize such Defaulting Lender’s LC Exposure (after giving effect to any partial reallocation pursuant to clause (i) above) in accordance with the procedures set forth in Section 2.06(j) for so long as such LC Exposure is
outstanding and for so long as the circumstances giving rise to such obligation to provide such cash collateral remain relevant (which cash collateralization requirement shall be satisfied by the Borrower depositing such cash collateral into an
account opened by the Administrative Agent); 
 (iii) if the Borrower cash collateralizes any portion of such
Defaulting Lender’s LC Exposure pursuant to Section 2.20(c), the Borrower shall not be required to pay any fees to such Defaulting Lender pursuant to Section 2.12(b) with respect to such Defaulting Lender’s LC Exposure during the
period such Defaulting Lender’s LC Exposure is cash collateralized; 
 (iv) if the LC Exposure of the
non-Defaulting Lenders is reallocated pursuant to Section 2.20(c), then the fees payable to the Lenders pursuant to 

  
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Section 2.12(a) and Section 2.12(b) shall be adjusted in accordance with such non-Defaulting Lenders’ Applicable Percentages; and 

(v) if and to the extent any Defaulting Lender’s LC Exposure is neither cash collateralized nor reallocated pursuant
to Section 2.20(c), then, without prejudice to any rights or remedies of any Issuing Bank or any Lender hereunder, all facility fees that otherwise would have been payable to such Defaulting Lender (solely with respect to the portion of such
Defaulting Lender’s Commitment that was utilized by such LC Exposure) and letter of credit fees payable under Section 2.12(b) with respect to such Defaulting Lender’s LC Exposure shall be payable to the applicable Issuing Bank until
such LC Exposure is cash collateralized and/or reallocated; 
 (d) so long as any Lender is a Defaulting Lender, the Swingline
Lender shall not be required to fund any Swingline Loan and no Issuing Bank shall be required to issue, amend or increase any Letter of Credit, unless it is satisfied that the related exposure will be 100% covered by the Commitments of the
non-Defaulting Lenders and/or cash collateral will be provided by the Borrower in accordance with Section 2.20(c), and participating interests in any such newly issued or increased Letter of Credit or newly made Swingline Loan shall be
allocated among non-Defaulting Lenders in a manner consistent with Section 2.20(c)(i) (and Defaulting Lenders shall not participate therein); and 
 (e) In the event that a Defaulting Lender has remedied or caused to be remedied (as reasonably determined by Administrative Agent and Issuing Banks) all matters that caused such Lender to be a Defaulting
Lender, then the Swingline Exposure and LC Exposure of the Lenders shall be reallocated as of such date to reflect the inclusion of such Lender’s Commitment and on such date such Lender shall purchase at par such of the Loans of the other
Lenders (other than Swingline Loans) as the Administrative Agent shall determine may be necessary in order for such Lender to hold such Loans in accordance with its Applicable Percentage. 

SECTION 2.21 Foreign Exchange Rate. 
 (a) No later than 1:00 P.M. (Chicago time) on each Calculation Date, the Administrative Agent shall determine the Exchange Rate as of such Calculation Date with respect to each applicable non-Dollar
currency, provided that, upon receipt of a borrowing notice pursuant to Section 2.03, the Administrative Agent shall determine the Exchange Rate with respect to the relevant Foreign Currency on the related Calculation Date (it being
acknowledged and agreed that the Administrative Agent shall use such Exchange Rate for the purposes of determining compliance with Section 2.01(b) with respect to such borrowing notice). The Exchange Rates so determined shall become effective
on the relevant Calculation Date (a “Reset Date”), shall remain effective until the next succeeding Reset Date and shall for all purposes of this Agreement (other than Section 9.16 and any other provision expressly requiring
the use of a current Exchange Rate) be the Exchange Rates employed in converting any amounts between Dollars and any non-Dollar currency. 
 (b) No later than 5:00 P.M. (Chicago time) on each Reset Date, the Administrative Agent shall determine the aggregate amount of the Dollar Equivalents of (i) the

  
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principal amounts of the Foreign Currency Loans then outstanding (after giving effect to any Foreign Currency Loans to be made or repaid on such date) and (ii) the LC Exposure denominated in
any Foreign Currency then outstanding. 
 (c) The Administrative Agent shall promptly notify the Borrower and the Lenders of
each determination of an Exchange Rate hereunder. 
 ARTICLE III 

REPRESENTATIONS AND WARRANTIES 
 Each Loan Party represents and warrants to the Lenders that except as expressly set forth in the Disclosure Schedules: 
 SECTION 3.01 Organization; Powers. Each of the Borrower and the other Loan Parties is duly organized, validly existing and in good standing under the laws of the jurisdiction of its
organization, has all requisite power and authority to carry on its business as now conducted and, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, is
qualified to do business in, and is in good standing in, every jurisdiction where such qualification is required. 

SECTION 3.02 Authorization; Enforceability. The Transactions are within the Borrower’s and each applicable Loan
Party’s corporate powers and have been duly authorized by all necessary corporate and, if required, stockholder action. Each of this Agreement and the other Loan Documents has been duly executed and delivered by Borrower and each Loan Party
party thereto and constitutes a legal, valid and binding obligation of such Person, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights
generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 

SECTION 3.03 Governmental Approvals; No Conflicts. The Transactions (a) do not require any consent or approval of,
registration or filing with, or any other action by, any Governmental Authority, except (i) such as have been obtained or made and are in full force and effect, and (ii) notices and filings under applicable Gaming Laws which are not
required to be taken prior to the date of this Agreement which notices or filings the Borrower will seek in due course after the date of this Agreement), (b) will not violate any applicable law or regulation or the charter, by-laws or other
organizational documents of the Borrower or any of its Subsidiaries or any order of any Governmental Authority, (c) will not violate or result in a default under any indenture, material agreement or other material instrument binding upon the
Borrower or any of its Subsidiaries or its assets, or give rise to a right thereunder to require any payment to be made by the Borrower or any of its Subsidiaries, and (d) will not result in the creation or imposition of any Lien on any asset
of the Borrower or any of its Subsidiaries. 
 SECTION 3.04 Financial Condition; No Material Adverse Change.

 (a) (a) The Borrower has heretofore furnished to the Lenders its consolidated balance sheet and statements of income,
stockholders equity and cash flows (i) as of and for the fiscal quarter (except for the statement of cash flows) and the portion of the fiscal year ended 

  
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March 31, 2011, certified by its Financial Officer and (ii) as of and for the fiscal year ended June 30, 2011, reported on by Ernst & Young LLP, independent public
accountants. The above financial statements present fairly in all material respects, the financial position and results of operations and cash flows of the Borrower and its consolidated Subsidiaries as of such dates and for such periods in
accordance with GAAP subject to year-end audit adjustments and the absence of complete footnotes in the case of the statements referred to in clause (i) above. 
 (b) Since June 30, 2011, there has been no material adverse change in the business, assets, operations or financial condition of the Borrower and its Subsidiaries, taken as a whole, and since the
date of this Agreement there has been no other Material Adverse Effect. 
 SECTION 3.05 Properties. 

(a) Each of Borrower, the other Loan Parties and Material Subsidiaries has good title to, or valid leasehold interests in, all its real
property material to its business, except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted. 
 (b) Each of the Borrower, the other Loan Parties and Material Subsidiaries owns, or is licensed or possesses the right to use, all trademarks, tradenames, copyrights, patents and other intellectual
property except as could not reasonably be expected to result in a Material Adverse Effect, and the use thereof by the Borrower and its Subsidiaries does not infringe upon the rights of any other Person, except for any such infringements that,
individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 
 SECTION 3.06
Litigation and Environmental Matters. 
 (a) There are no actions, suits or proceedings by or before any arbitrator or
Governmental Authority pending against or, to the knowledge of the Borrower, threatened against or affecting the Borrower or any of its Subsidiaries (i) as to which there is a reasonable possibility of an adverse determination and that, if
adversely determined, could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect or (ii) that involve this Agreement, any other Loan Document or the Transactions. 

(b) Except with respect to any matters that, individually or in the aggregate, could not reasonably be expected to result in a Material
Adverse Effect, neither the Borrower nor any of its Subsidiaries (i) has failed to comply with any Environmental Law or to obtain, maintain or comply with any permit, license or other approval required under any Environmental Law, (ii) has
become subject to any Environmental Liability, (iii) has received notice of any claim with respect to any Environmental Liability or (iv) knows of any basis for any Environmental Liability. 

(c) Since the date of this Agreement, there has been no change in the status of the matters disclosed in the Disclosure Schedules that,
individually or in the aggregate, has resulted in, or would reasonably be expected to result in, Material Adverse Effect. 

SECTION 3.07 Compliance with Laws, Online Gaming and Agreements. Each of the Borrower and its Subsidiaries is in compliance
with all laws, regulations and orders of any 

  
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Governmental Authority applicable to it or its property and all indentures, agreements and other instruments binding upon it or its property, except where the failure to do so, individually or in
the aggregate, could not reasonably be expected to result in a Material Adverse Effect. Neither the Borrower, nor any of its Subsidiaries, engages in the business of unlawful internet gambling, including by placing, receiving, or otherwise knowingly
transmitting a bet or wager by any means which involves the use, at least in part, of the internet where such bet or wager is unlawful under U.S. Federal law or any applicable U.S. state law in the state or tribal lands in which the bet or wager is
initiated, received or otherwise made. No Event of Default has occurred and is continuing. 
 SECTION 3.08 Investment
Company Status. Neither the Borrower nor any of its Subsidiaries is an “investment company” as defined in, or subject to regulation under, the Investment Company Act of 1940. 

SECTION 3.09 Taxes. Each of the Borrower and its Subsidiaries has filed or caused to be filed all Tax returns and reports
required to have been filed and has paid or caused to be paid all material Taxes required to have been paid by it, except (a) Taxes and returns and reports which are not yet delinquent or (b) Taxes that are being contested in good faith by
appropriate proceedings diligently conducted, and for which adequate reserves have been provided in accordance with GAAP, by Borrower or such Subsidiary, as applicable. There is no proposed Tax assessment against Borrower or any Subsidiary that
would, if made, reasonably be expected to result in a Material Adverse Effect. 
 SECTION 3.10 ERISA. No ERISA Event
has occurred or is reasonably expected to occur that, when taken together with all other such ERISA Events for which liability is reasonably expected to occur, could reasonably be expected to result in a Material Adverse Effect. 

SECTION 3.11 Insurance. Borrower and their Subsidiaries and their respective properties are insured with financially sound
and reputable insurance companies not Affiliates of the Borrower, in such amounts (after giving effect to any self-insurance compatible with the following standards), with such deductibles and covering such risks as are customarily carried by
companies engaged in similar business and owning similar properties in localities where Borrower or the applicable Subsidiary operates. The Disclosure Schedules contain an accurate description of such insurance in respect of the Loan Parties as of
the date of this Agreement. 
 SECTION 3.12 Subsidiaries. The Disclosure Schedules contain an accurate list of all
Subsidiaries of Borrower as of the date of this Agreement, setting forth their respective types and jurisdictions of organization and the percentage of their respective Equity Interests owned by Borrower or another Subsidiary of Borrower. Each of
Borrower’s Domestic Subsidiaries that is a Material Subsidiary is a party to this Agreement. 
 SECTION 3.13
Solvency. On and after the Effective Date, (i) the fair value of the assets of each Loan Party, at a fair valuation, exceeded and will exceed its debts and liabilities, subordinated, contingent or otherwise (as such liabilities would
reasonably be expected to be evaluated by a court under applicable federal and state laws related to the insolvency of debtors); (ii) the present fair saleable value of the property of each Loan Party was and will be greater than

  
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the amount that was or will be required to pay the probable liability of its debts and other liabilities, subordinated, contingent or otherwise, as such debts and other liabilities have or will
become absolute and matured; (iii) each Loan Party was and will be able to pay its debts and liabilities, subordinated, contingent or otherwise, as such debts and liabilities have or will become absolute and matured; and (iv) each Loan
Party has not had and will not have unreasonably small capital with which to conduct the business in which it has been or is engaged as such business has been or is now conducted and is proposed to be conducted after the Effective Date. 

SECTION 3.14 Common Enterprise. Each Loan Party expects to derive benefit (and its board of directors or other governing body
has determined that it may reasonably be expected to derive benefit), directly and indirectly, from (i) successful operations of each of the other Loan Parties and (ii) the credit extended by the Lenders to the Borrower hereunder, both in
their separate capacities and as members of the group of companies. Each Loan Party has determined that execution, delivery, and performance of this Agreement and any other Loan Documents to be executed by such Loan Party is within its purpose, will
be of direct and indirect benefit to such Loan Party, and is in its best interest. 
 SECTION 3.15 Indebtedness. As
of the date hereof, neither Borrower nor any Subsidiary has any Indebtedness except as set forth in Schedule 6.01 (which Schedule may reflect the amount of such Indebtedness as of the month most recently ended prior to the date
hereof for which Borrower has completed its consolidated financial statements). 
 SECTION 3.16 Margin Regulations.
Neither Borrower nor any Subsidiary is engaged or will 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 Board of Governors of the
Federal Reserve System of the United States. 
 SECTION 3.17 Disclosure. Neither the Information Memorandum nor any
of the other reports, financial statements, certificates or other information furnished by or on behalf of the Borrower to the Administrative Agent or any Lender in connection with the negotiation of this Agreement or delivered hereunder (as
modified or supplemented by other information so furnished) contains any material misstatement of fact or, to Borrower’s knowledge, omits to state any material fact necessary to make the statements therein when taken as a whole and in the light
of the circumstances under which they were made, not misleading; provided that, with respect to projected financial information and consolidating financial statements, each Loan Party represents only that such information was prepared in good
faith based upon assumptions believed to be reasonable at the time, it being recognized by the Administrative Agent and each Lender that such projections as to future events are not to be viewed as facts, and that actual results during the period or
periods covered thereby may differ from the projected results. 

  
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 ARTICLE IV 

CONDITIONS 
 SECTION 4.01 Effective Date. This Agreement shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section 9.02):

 (a) The Administrative Agent (or its counsel) shall have received either (i) a counterpart of each of this Agreement and
each other Loan Document signed on behalf of each party thereto or (ii) written evidence satisfactory to the Administrative Agent (which may include telecopy or electronic transmission of a signed signature page of each of this Agreement
and each other Loan Document) that each party thereto has signed a counterpart of this Agreement. 
 (b) The Administrative
Agent shall have received a written opinion (addressed to the Administrative Agent and the Lenders and dated the Effective Date) of GoodSmith Gregg & Unruh LLP (and/or other counsel satisfactory to Administrative Agent), as counsel for the
Borrower and its Subsidiaries, in form and substance reasonably acceptable to Administrative Agent, and covering such matters relating to the Borrower, its Subsidiaries, this Agreement, the other Loan Documents or the Transactions as Administrative
Agent shall reasonably request. Borrower hereby requests such counsel to deliver such opinion. 
 (c) The Administrative Agent
shall have completed its due diligence and each of the Borrower’s and each Subsidiary’s corporate structure, capital structure, governing documents and material agreements shall be acceptable to the Administrative Agent. In addition, the
terms and conditions of all Indebtedness of each Borrower and each Subsidiary, including, without limitation, the subordination provisions of all Subordinated Indebtedness, shall be acceptable to Administrative Agent. 

(d) All legal (including tax implications) and regulatory matters, including, but not limited to compliance with all Gaming
Authorizations and with applicable requirements of Regulations U, T and X of the Board, shall be reasonably satisfactory to the Administrative Agent and the Lenders. 
 (e) Administrative Agent shall have determined that since June 30, 2011, (i) there is an absence of any material adverse change or disruption in primary or secondary loan syndication markets,
financial markets or in capital markets generally that would likely impair syndication of the credit facilities hereunder, and (ii) there has been no Material Adverse Effect. 

(f) The Administrative Agent shall have received such documents and certificates as the Administrative Agent or its counsel may
reasonably request relating to the organization, existence and good standing of each Loan Party, the authorization of the Transactions and any other legal matters relating to each Loan Party, this Agreement, the other Loan Documents or the
Transactions, all in form and substance reasonably satisfactory to the Administrative Agent and its counsel, including, without limitation, the agreements and other documents referenced in the Closing Document List. 

  
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 (g) The Administrative Agent shall have received a certificate, dated the Effective Date and
signed by the Chief Executive Officer, the President, a Vice President or a Financial Officer of the Borrower, (i) confirming compliance with the conditions set forth in paragraphs (a) and (b) of Section 4.02, and
(ii) either (A) attaching copies of all consents, licenses and approvals required in connection with the execution, delivery and performance by each of the Loan Parties of the Loan Documents to which it is a party, and such consents,
licenses and approvals shall be in full force and effect, provided that if any such consent is not available in writing, such officer of Borrower shall confirm in the certificate that such consent has been obtained, or (B) stating that
no such consents, licenses or approvals are so required, other than, in the case of either clause (A) or (B), any such consents, licenses or approvals under applicable Gaming Laws which are not required to be obtained on or prior to the
Effective Date, which consents, licenses or approvals the Loan Parties will seek in due course after the Effective Date; 
 (h)
The Administrative Agent shall have received all fees and other amounts due and payable on or prior to the Effective Date, including, to the extent invoiced, reimbursement or payment of all reasonable out-of-pocket expenses (including, without
limitation, reasonable attorneys fees) required to be reimbursed or paid by the Borrower hereunder. 
 The Administrative Agent shall notify the
Borrower and the Lenders of the Effective Date, and such notice shall be conclusive and binding. Notwithstanding the foregoing, the obligations of the Lenders to make Loans and of the Issuing Banks to issue Letters of Credit hereunder shall not
become effective unless each of the foregoing conditions is satisfied (or waived pursuant to Section 9.02) prior to 3:00 p.m., Chicago time, on October 31, 2011 (and, in the event such conditions are not so satisfied or waived, the
Commitments shall terminate at such time). 
 SECTION 4.02 Each Credit Event. The obligation of each Lender to make
a Loan on the occasion of any Borrowing, and of each Issuing Bank to issue, amend, renew or extend any Letter of Credit, is subject to the satisfaction of the following conditions: 

(a) The representations and warranties of each Loan Party and Subsidiary Guarantor a party thereto set forth in this Agreement and each
other Loan Document shall be true and correct on and as of the date of such Borrowing or the date of issuance, amendment, renewal or extension of such Letter of Credit, as applicable, except to the extent such representation or warranty specifically
refers to an earlier date, in which case, it shall be true and correct as of such earlier date, and except that for purposes of Section 4.02, the representations and warranties contained in clauses (i) and (ii) of Section 3.04(a)
shall be deemed to refer to the most recent financial statements furnished pursuant to Section 5.01(a) or (b), respectively. 
 (b) At the time of and immediately after giving effect to such Borrowing or the issuance, amendment, renewal or extension of such Letter of Credit, as applicable, no Default shall have occurred and be
continuing. 
 Each Borrowing and each issuance, amendment, renewal or extension of a Letter of Credit shall be deemed to constitute a
representation and warranty by each Loan Party on the date thereof as to the matters specified in paragraphs (a) and (b) of this Section. 

  
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 ARTICLE V 

AFFIRMATIVE COVENANTS 
 Until the Commitments have expired or been terminated and the principal of and interest on each Loan and all fees payable hereunder shall have been paid in full and all Letters of Credit shall have
expired or terminated and all LC Disbursements shall have been reimbursed and all other Obligations shall have been paid in full, each Loan Party covenants and agrees with the Lenders that: 

SECTION 5.01 Financial Statements and Other Information. The Borrower will furnish to the Administrative Agent and each
Lender: 
 (a) within 90 days after the end of each fiscal year of the Borrower, (i) its audited consolidated balance sheet
and related statements of operations, stockholders’ equity and cash flows as of the end of and for such year, setting forth in each case in comparative form the figures for the previous fiscal year, together with an opinion (without a
“going concern” or like qualification or exception, without any qualification or exception as to the scope of such audit and without any other material qualification or exception) by Ernst & Young LLP or other independent public
accountants of recognized national standing to the effect that such consolidated financial statements present fairly in all material respects the financial condition and results of operations of the Borrower and its consolidated Subsidiaries on a
consolidated basis in accordance with GAAP and (ii) its unaudited consolidating balance sheet and related consolidating statement of operations as of the end of and for such year; 

(b) within 45 days after the end of each of the first three fiscal quarters of each fiscal year of the Borrower, (i) its unaudited
consolidated balance sheet and related statements of operations and cash flows as of the end of and for such fiscal quarter (except for the statement of cash flows) and the then elapsed portion of the fiscal year, setting forth in each case in
comparative form the figures for the corresponding period or periods of (or, in the case of the balance sheet, as of the end of) the previous fiscal year, all certified by one of its Financial Officers as presenting fairly in all material respects
the financial condition and results of operations of the Borrower and its consolidated Subsidiaries on a consolidated basis in accordance with GAAP consistently applied, subject to normal year-end audit adjustments and the absence of complete
footnotes and (ii) its unaudited consolidating balance sheet and related consolidating statement of operations as of the end of and for such fiscal quarter and the then elapsed portion of the fiscal year; 

(c) concurrently with any delivery of financial statements under clause (a) or (b) above, a certificate of a Financial Officer
of the Borrower in the form attached hereto as Exhibit C (each, a “Compliance Certificate”) (i) certifying as to whether an Event of Default has occurred and is continuing, specifying the details thereof and any
action taken or proposed to be taken with respect thereto, (ii) setting forth reasonably detailed calculations demonstrating compliance with Section 6.08 and (iii) stating whether any change in GAAP or in the application thereof has
occurred since the date of the audited financial statements referred to in Section 3.04 and, if any such change has occurred, specifying the effect of such change on the financial statements accompanying such certificate; 

  
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 (d) promptly after the same become publicly available, notice of all periodic and other
current reports filed under the Securities Exchange Act of 1934 and proxy statements filed by the Borrower or any Subsidiary with the Securities and Exchange Commission (or any Governmental Authority succeeding to any or all of the functions of the
Securities and Exchange Commission) (“SEC”) or distributed by the Borrower to its stockholders generally, as the case may be; documents required to be delivered pursuant to Section 5.01(a) or (b) or Section 5.02(d)
(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, www.wms.com; 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 telecopier 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 and the Administrative Agent shall thereafter notify the Lenders. 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 by a Lender for
delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents. As to any information contained in materials furnished pursuant to this Section 5.01(d), the Borrower shall not be
separately required to furnish such information under clause (a) or (b) above or Section 5.02(d), but the foregoing shall not be in derogation of the obligation of Borrower to furnish the information and materials described in clauses
(a) and (b) and Section 5.02(d) above at the times specified therein. 
 (e) The Borrower hereby acknowledges
that (a) the Administrative Agent and/or the Arrangers will make available to the Lenders and the Issuing Bank materials and/or information provided by or on behalf of the Borrower hereunder (collectively, “Borrower Materials”)
by posting the Borrower Materials on IntraLinks 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 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 Issuing and the Lenders to treat such
Borrower Materials as not containing any material non-public information with respect to the Borrower or its securities for purposes of United States Federal and state securities laws; (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 Arranger shall be entitled to treat any Borrower Materials that are not marked
“PUBLIC” 

  
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as being suitable only for posting on a portion of the Platform not designated “Public Side Information.” 
 (f) promptly following approval by Borrower’s board of directors (but in any event not later than the first day of the second quarter of each fiscal year) a three year financial plan for Borrower and
its Subsidiaries, on a consolidated basis, for such fiscal year and the next two fiscal years (including quarterly balance sheet and related statements of operations and cash flows) prepared in a manner consistent with the financial plan delivered
by Borrower to the Lenders prior to the date hereof or otherwise in a manner reasonably satisfactory to the Administrative Agent; and 
 (g) promptly following any request therefor, such other information regarding the operations, business affairs and financial condition of the Borrower or any Subsidiary, or compliance with the terms of
this Agreement and the other Loan Documents, as the Administrative Agent or any Lender may reasonably request. 

SECTION 5.02 Notices of Material Events. The Borrower will furnish to the Administrative Agent and each Lender prompt written
notice of the following: 
 (a) the occurrence of any Event of Default; 

(b) any matter that has or could reasonably be expected to result in a Material Adverse Effect, including any of the following to the
extent that any such matter would reasonably be expected to have 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 Borrower or any Subsidiary and any Governmental Authority; or (iii) the commencement of, or any material development in, litigation or proceeding affecting the Borrower or any Subsidiary,
including pursuant to any applicable Environmental Laws; 
 (c) the occurrence of any ERISA Event that, alone or together with
any other ERISA Events that have occurred, could reasonably be expected to result in a Material Adverse Effect; 
 (d) any
material change in accounting policies or financial accounting practices, any prior period adjustment or inaccuracy in its Financials or Compliance Certificate (other than such occurrences disclosed in the materials which Borrower has made available
to Administrative Agent and the Lenders pursuant to the provisions of Section 5.01(d)); and 
 (e) any action by a
Governmental Authority which seeks to revoke, suspend or not renew any Gaming Authorization except (i) for any non-renewal action, suit or proceeding arising out of Borrower’s or such Affiliate’s voluntary decision not to seek renewal
of such Gaming Authorization or (ii) for such action which, individually or in the aggregate with any other such pending actions, could not reasonably be expected to result in a Material Adverse Effect. 

Each notice delivered under this Section shall be accompanied by a statement of a Financial Officer or other executive officer of the Borrower
setting forth the details of the event or 

  
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development requiring such notice and any action taken or proposed to be taken with respect thereto. 
 SECTION 5.03 Existence; Conduct of Business. Each Loan Party will, and will cause each of its Material Subsidiaries to, do or cause to be done all things necessary to preserve, renew and keep
in full force and effect its legal existence and the rights, licenses, permits, privileges and franchises material to the conduct of its business; provided that the foregoing shall not prohibit any merger, consolidation, liquidation or
dissolution permitted under Section 6.03. 
 SECTION 5.04 Payment of Obligations. Each Loan Party will, and
will cause each of its Subsidiaries to, pay its obligations, including Tax liabilities, that, if not paid, could reasonably be expected to result in a Material Adverse Effect before the same shall become delinquent or in default, except where
(a) the validity or amount thereof is being contested in good faith by appropriate proceedings diligently conducted, (b) such Loan Party or such Subsidiary has set aside on its books adequate reserves with respect thereto in accordance
with GAAP and (c) the failure to make payment pending such contest could not reasonably be expected to result in a Material Adverse Effect. 
 SECTION 5.05 Maintenance of Properties; Insurance. Each Loan Party will, and will cause each of its Material Subsidiaries to, (a) keep and maintain all of its property in good working
order and condition, ordinary wear and tear excepted except to the extent that failure to do so would not reasonably be expected to have a Material Adverse Effect, and (b) maintain, with financially sound and reputable insurance companies,
insurance in such amounts (after giving effect to any self-insurance compatible with the following standards), with such deductibles and against such risks as are customarily maintained by companies engaged in the same or similar businesses
operating in the same or similar locations. 
 SECTION 5.06 Books and Records; Inspection Rights. Each Loan Party
will, and will cause each of its Material Subsidiaries to, keep proper books of record and account in which full, true and correct entries are made of all dealings and transactions in relation to its business and activities. Each Loan Party will,
and will cause each of its Material Subsidiaries to, permit any representatives designated by the Administrative Agent or any Lender, upon reasonable prior notice, to visit and inspect its properties, to examine and make extracts from its books and
records, and to discuss its affairs, finances and condition with its officers and independent accountants, all at such reasonable times and as often as reasonably requested; provided that, absent the occurrence and during the continuance of
an Event of Default, such inspections shall not occur more than once per fiscal year. 
 SECTION 5.07 Compliance with
Laws. Each Loan Party will, and will cause each of its Subsidiaries to, comply with all laws, rules, regulations and orders of any Governmental Authority applicable to it or its property (including, without limitation, UIGEA), except where the
failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 

SECTION 5.08 Use of Proceeds and Letters of Credit. The proceeds of the Loans will be used only for working capital and
general corporate purposes (not otherwise prohibited by this Agreement or the other Loan Documents), including but not limited to financing 

  
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Acquisitions and repurchasing the Borrower’s outstanding capital stock (not otherwise prohibited by this Agreement or the other Loan Documents). No part of the proceeds of any Loan will be
used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulations T, U and X. 
 SECTION 5.09 Further Assurances. Each Loan Party shall (i) cause each of its Domestic Subsidiaries that is a Material Subsidiary as of the date of this Agreement including, each Domestic
Subsidiary a signatory hereto, or hereafter becomes a Material Subsidiary to become and remain Subsidiary Guarantors, and (ii) cause each of its Domestic Subsidiaries formed or acquired after the date of this Agreement that is or at any time
thereafter becomes a Material Subsidiary to become a Loan Party by executing the Joinder Agreement substantially in the form set forth as Exhibit D hereto with such changes thereto as may be required by Administrative Agent (each a
“Joinder Agreement”). Upon execution and delivery thereof, each such Person shall automatically become a Loan Party and Subsidiary Guarantor hereunder and thereupon shall have all of the rights, benefits, duties, and obligations in
such capacity under the Loan Documents. Each Loan Party shall, and shall cause each Subsidiary to, execute and deliver, or cause to be executed and delivered, to the Administrative Agent such documents and agreements, and shall take or cause to be
taken such actions as the Administrative Agent may, from time to time, reasonably request to carry out the terms and conditions of this Agreement and the other Loan Documents. 
 ARTICLE VI 
 NEGATIVE COVENANTS 

Until the Commitments have expired or terminated and the principal of and interest on each Loan and all fees payable hereunder have been
paid in full and all Letters of Credit have expired or terminated and all LC Disbursements shall have been reimbursed, and the other Obligations shall have been paid in full, each Loan Party covenants and agrees with the Lenders that: 

SECTION 6.01 Indebtedness. No Loan Party will, nor will it permit any Subsidiary to, directly or indirectly, create, incur or
suffer to exist any Indebtedness, except: 
 (a) Indebtedness created hereunder; 

(b) Indebtedness existing on the date hereof and set forth in Schedule 6.01 of the Disclosure Schedules (which
Schedule may reflect the amount of such Indebtedness as of the month most recently ended prior to the date hereof for which Borrower has completed its consolidated financial statements); 

(c) Unsecured intercompany Indebtedness (including, without limitation, Guarantees by a Loan Party of the Indebtedness of a Subsidiary
and by a Subsidiary of the Indebtedness of a Loan Party or another Subsidiary) permitted by Section 6.05(d); provided that, any such Indebtedness (other than a Guarantee by a Loan Party of Indebtedness of a Subsidiary to any Person (other than
an Affiliate of Borrower) and by a Subsidiary of Indebtedness of a Loan Party or another Subsidiary to any Person (other than an Affiliate of Borrower) of a Loan 

  
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Party is subordinated to the Obligations on terms reasonably satisfactory to the Administrative Agent; 
 (d) Indebtedness of any Subsidiary incurred to finance the acquisition, construction or improvement of any fixed or capital assets, including Capital Lease Obligations; provided that, at the time
such Indebtedness would be incurred (i) the aggregate principal amount of all Indebtedness incurred pursuant to this clause (d) which remains outstanding after giving effect to such Indebtedness shall not exceed the greater of
(x) $50,000,000 or (y) an amount equal to 5% of Net Tangible Assets (determined, in each case, by reference to the most recent date for which Borrower has delivered its Financials under Section 5.01(a) or (b)), (ii) the Borrower
is in compliance on a pro forma basis with the financial covenants set forth in Section 6.08, after giving effect to such Indebtedness and (iii) no Event of Default exists or would be caused thereby; 

(e) (i) Indebtedness which was created, assumed or incurred by a Subsidiary prior to its Acquisition by Borrower or its Subsidiaries
(and not in anticipation of such Acquisition) and (ii) Indebtedness of the Borrower or any Subsidiary in the form of any deferred purchase price or post closing obligation in connection with an Acquisition permitted by this Agreement;

 (f) Indebtedness of the Borrower or any Subsidiary as an account party in respect of letters of credit, surety bonds and
other similar forms of credit enhancement incurred in the ordinary course of business so long as (i) the Borrower is in compliance on a pro forma basis with the financial covenants set forth in Section 6.08, after giving effect to such
Indebtedness and (ii) no Event of Default is then existing or would be caused thereby; 
 (g) (i) a revolving facility
in favor of WMS Gaming International, S.L., a Sociedad de Responsabilidad Limitada organized in Spain, in an aggregate principal amount not to exceed $75,000,000 at any time, (ii) a revolving facility in favor of WMS Mexico, S. de R.L. de C.V,
organized in Mexico, in an aggregate principal amount not to exceed $75,000,000 and (iii) a revolving facility in favor of WMS Gaming International, S.L., Sucursal Argentina, organized in Argentina, in an aggregate principal amount not to
exceed $75,000,000, in each case, so long as at the time such Indebtedness would be incurred, (A) the Borrower is in compliance on a pro forma basis with the financial covenants set forth in Section 6.08, after giving effect to such
Indebtedness and (B) no Event of Default is then existing or would be caused thereby; 
 (h) Swap Agreements permitted by
Section 6.05(g); 
 (i) any unsecured Subordinated Indebtedness so long as at the time such Indebtedness would be incurred,
(i) the Borrower is in compliance on a pro forma basis with the financial covenants set forth in Section 6.08, after giving effect to such unsecured Subordinated Indebtedness and (ii) no Event of Default is then existing or would be
caused thereby; 
 (j) Indebtedness which represents an extension, refinancing or renewal (such Indebtedness being referred to
herein as the “Refinancing Indebtedness”) of any of the Indebtedness described in clauses (b), (d), (e)(with respect to clause (i) only), (f), (g), (i) and (k)

  
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of this Section 6.01 (such Indebtedness being so extended, refinanced or renewed being referred to herein as the “Refinanced Indebtedness”); provided that, (i) the
amount of such Indebtedness is not increased at the time of extension, refinancing, or renewal except by an amount equal to a reasonable premium or other reasonable amount paid, and fees and expenses reasonably incurred, in connection with such
event and by an amount equal to any existing commitments unutilized thereunder, (ii) such Refinancing Indebtedness does not increase the interest rate (as adjusted for current market conditions) of the Refinanced Indebtedness, (iii) any
Liens securing such Refinanced Indebtedness are not extended to any additional property of any Loan Party or Subsidiary, (iv) no Loan Party that is not originally obligated with respect to repayment of such Refinanced Indebtedness is required
to become obligated with respect to such Refinancing Indebtedness, (v) such Refinancing Indebtedness does not result in a shortening of the average weighted maturity of such Refinanced Indebtedness, (vi) the terms of such Refinancing
Indebtedness are not materially less favorable to the obligor thereunder than the original terms of such Refinanced Indebtedness and (vii) if such Refinanced Indebtedness was subordinated in right of payment to the Obligations, then the terms
and conditions of such Refinancing Indebtedness must include subordination terms and conditions that are at least as favorable to the Administrative Agent and the Lenders as those that were applicable to such Refinanced Indebtedness; 

(k) any Indebtedness so long as at the time such Indebtedness would be incurred, (i) the Consolidated Net Funded Indebtedness to
EBITDA Ratio (calculated on a pro forma basis after giving effect to such Indebtedness) is less than or equal to 2.0 to 1.0, or, if such Consolidated Net Funded Indebtedness to EBITDA Ratio (calculated on a pro forma basis after giving effect to
such Indebtedness) is greater than 2.0 to 1.0, the aggregate principal amount of all Indebtedness (after giving effect to such Indebtedness) incurred pursuant to this clause (k) and then outstanding would not exceed $100,000,000, (ii) the
Borrower is in compliance on a pro forma basis with the financial covenants set forth in Section 6.08, after giving effect to such Indebtedness, (iii) with respect to any intercompany Indebtedness of a Loan Party, such Indebtedness is
unsecured and subordinated to the Obligations on terms reasonably satisfactory to Administrative Agent and (iv) no Event of Default is then existing or would be caused thereby. 

For purposes of this Section 6.01: (i) any Indebtedness set forth on Schedule 6.01 hereto which would be permitted
under clauses (c), (d) or (g) shall be counted against the Dollar limitations applicable to such clauses; (ii) any Refinancing Indebtedness shall be included in clauses (b), (d), (e) (with respect to clause (i) only), (f),
(g), (i) or (k), as applicable, corresponding to the Refinanced Indebtedness and counted against any Dollar limitations applicable to such clauses; (iii) any Indebtedness (and any Refinancing Indebtedness of Refinanced Indebtedness)
permitted by any of clauses (a) through (i) and also by clause (k), shall first be included in the applicable category set forth in clauses (a) through (i) up to any Dollar limitations applicable thereto and then included in
clause (k) up to any Dollar limitation applicable thereto; and (iv) no Default or Event of Default shall occur with respect to Indebtedness incurred pursuant to clause (k) during a period when the Consolidated Net Funded Indebtedness
to EBITDA Ratio (calculated on a pro forma basis after giving effect to such Indebtedness) is less than or equal to 2.0 to 1.0, solely as a result of an increase in the Consolidated Net Funded Indebtedness to EBITDA Ratio to greater than 2.0 to 1.0
(subject to Section 6.08(b)) subsequent to the incurrence of such Indebtedness. 

  
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 SECTION 6.02 Liens. No Loan Party will, nor will it permit any Subsidiary to,
create, incur, assume or permit to exist any Lien on any property or asset now owned or hereafter acquired by it, or assign or sell any income or revenues (including accounts receivable) or rights in respect of any thereof, except: 

(a) Permitted Encumbrances; 
 (b) any Lien on any property or asset of the Borrower or any Subsidiary existing on the date of this Agreement and set forth in Schedule 6.02 of the Disclosure Schedules; provided that
(i) such Lien shall not apply to any other property or asset of the Borrower or any Subsidiary and (ii) such Lien shall secure only those obligations which it secures on the date of this Agreement; 

(c) any Lien existing on any property or asset (other than Accounts or Inventory) prior to the acquisition thereof by the Borrower or any
Subsidiary or existing on any property or asset (other than Accounts or Inventory) of any Person that becomes a Subsidiary after the Effective Date prior to the time such Person becomes a Subsidiary; provided that (i) such Lien is not
created in contemplation of or in connection with such acquisition or such Person becoming a Subsidiary, as the case may be, (ii) such Lien shall not apply to any other property or assets of the Borrower or any Subsidiary and (iii) such
Lien shall secure only those obligations which it secures on the date of such acquisition or the date such Person becomes a Subsidiary, as the case may be; 
 (d) any sale by Borrower or such Subsidiary of accounts receivable generated in the ordinary course of business (excluding any intercompany accounts receivable) of such Person so long as (i) no Event
of Default exists or would result therefrom, (ii) the Borrower is in compliance on a pro forma basis with the financial covenants set forth in Section 6.08 after giving effect to such transaction, and (iii) any Lien resulting from
such sale shall apply only to such accounts receivable; 
 (e) Liens not otherwise permitted by the foregoing clauses of this
Section 6.02 securing Indebtedness in an aggregate principal amount not to exceed the greater of (i) $50,000,000 or (ii) an amount equal to 5% of Net Tangible Assets (determined, in each case, by reference to the most recent date for
which Borrower has delivered its Financials under Section 5.01(a) or (b)); and 
 (f) any Liens created by Borrower or any
Subsidiary under any Loan Document in favor of Administrative Agent, for its benefit and the benefit of the Lenders. 

SECTION 6.03 Fundamental Changes. No Loan Party shall, nor shall it permit any Subsidiary to, directly or indirectly merge,
dissolve, liquidate, consolidate with or into another Person, or make any Disposition to or in favor of any Person except if, after giving effect to such transaction (i) no Event of Default exists or would result therefrom, (ii) the
Borrower is in compliance on a pro forma basis with the financial covenants set forth in Section 6.08 after giving effect to such transaction, and (iii) with respect to any merger or consolidation involving the Borrower, the Borrower shall
be the surviving corporation, or involving another Loan Party (other than Borrower), the Loan Party shall be the surviving party. 

  
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 SECTION 6.04 Change in Nature of Business. No Loan Party shall, nor shall it
permit, any Subsidiary to, engage in any material line of business substantially different from (i) those lines of business conducted by the Loan Parties and their Subsidiaries on the date hereof or (ii) any business reasonably related or
incidental thereto including, without limitation, (A) the operation of gaming facilities, (B) the provision of gaming-related hardware, software or services to customers, (C) the provision of hardware, software or services in the
video game industry, social gaming industry or the on-line lottery industry, and/or (D) the facilitation, operation or ownership of Online Gaming activities or businesses, in each case, so long as such business is permitted by applicable Gaming
Law and such Loan Party or Subsidiary has obtained any necessary Gaming Authorization therefor. 
 SECTION 6.05
Investments and Guarantees. No Loan Party will, nor will it permit any Subsidiary to, purchase, hold or acquire any Investment, except: 
 (a) Investments held by any Loan Party in the form of Cash Equivalents and similar Investments by any Subsidiary that is not a Loan Party; 

(b) Investments existing on the date hereof and set forth in Schedule 6.05 (which Schedule may reflect the amount of
such Investments as of the month most recently ended prior to the date hereof for which Borrower has completed its consolidated financial statements) of the Disclosure Schedules; 

(c) Advances to officers, directors and employees of the Borrower and Subsidiaries for travel, entertainment, relocation and analogous
business purposes in the ordinary course of business and in an aggregate amount not to exceed $2,000,000 at any time outstanding; 
 (d) Any (i) Investment by the Borrower and its Subsidiaries in Loan Parties, (ii) Investment by Subsidiaries of the Borrower that are not Loan Parties in other Subsidiaries that are not Loan
Parties, and (iii) Investment by the Loan Parties in Subsidiaries that are not Loan Parties so long as (solely with respect to this clause (iii)) (A) the aggregate amount outstanding after giving effect to such Investment would not
exceed the product of (1) $300,000,000 and (2) the number one plus a percentage (expressed as a decimal) equal to the percentage increase at such time in the Borrower’s total consolidated assets subsequent to June 30, 2011,
(B) the Borrower is in compliance on a pro forma basis with the financial covenants set forth in Section 6.08 after giving effect to such transaction, and (C) no Event of Default is then existing or would be caused thereby;

 (e) Investments consisting of extensions of credit in the nature of accounts or notes receivable arising from the grant of
trade credit in the ordinary course of business; and Investments received in satisfaction or partial satisfaction thereof from financially troubled account debtors to the extent necessary in order to prevent or limit loss in an aggregate amount at
any time not to exceed $50,000,000; 
 (f) Any Acquisition by Borrower or any Subsidiary involving the acquisition of all of the
Equity Interests in, or all or substantially all of the assets of, any Person, that, upon the consummation thereof, will be wholly-owned by the Borrower or one or more of its wholly-

  
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owned Subsidiaries (including as a result of a merger or consolidation) and which satisfies each of the following requirements: 

(i) such Acquisition is not a hostile or contested acquisition; 

(ii) both before and after giving effect to such Acquisition, (i) the Consolidated Net Funded Indebtedness to EBITDA
Ratio (calculated on a pro forma basis after giving effect to such Acquisition), will be less than or equal to 2.75 to 1.0, and (ii) no Event of Default is then existing or would be caused thereby; 

(iii) neither Borrower nor any Subsidiary shall, as a result of or in connection with any such Acquisition, assume or
incur any direct or contingent liabilities (whether relating to environmental, tax, litigation, or other matters) that would reasonably be expected to have a Material Adverse Effect; 

(iv) the provisions of Section 5.09, if applicable, shall have been satisfied; 

(v) reasonably prior to such Acquisition, the Administrative Agent shall have received (A) a summary of the material
terms of such Acquisition and, if requested by Administrative Agent, copies of the then-current drafts of each material document, instrument and agreement to be executed in connection with such Acquisition (with executed copies to be delivered to
Administrative Agent within twenty days after the closing of such Acquisition on the understanding that the executed versions may differ from the drafts previously provided), and (B) with respect to an Acquisition with purchase consideration
(including Indebtedness incurred or assumed) in excess of $100,000,000, a copy of all business and financial information related to the Acquisition target reasonably requested by the Administrative Agent including, without limitation, pro forma
financial statements (if available), due diligence reports prepared by or on behalf of the Loan Parties or their Subsidiaries and calculation of the Consolidated Net Funded Indebtedness to EBITDA Ratio (calculated on a pro forma basis after giving
effect to such Acquisition); and 
 (vi) the Borrower shall have delivered to the Administrative Agent and each
Lender, at least five Business Days prior to the date on which any such Acquisition is to be consummated, a certificate of an officer, in form and substance reasonably satisfactory to the Administrative Agent, certifying that all of the requirements
set forth in this clause (f) have been satisfied or will be satisfied on or prior to the consummation of such Acquisition. 

(g) Investments in Swap Agreements of the Borrower or any Subsidiary, provided that (i) such Swap Agreements are (or were)
entered into by such Person in the ordinary course of business of the purpose of directly mitigating risks associated with liabilities, commitments, investments, assets, or property held or reasonably anticipated by such Person, or changes in the
value of securities issued by such Person, and not for purposes of speculation or taking a “market view”; and (ii) such Swap Agreements do not contain any provision 

  
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exonerating the non-defaulting party from its obligation to make payments on outstanding transactions to the defaulting party; 

(h) Investments in joint ventures so long as at the time of such Investment and after giving effect thereto (i) the aggregate amount
of such Investments at any time outstanding shall not exceed the product of (A) $75,000,000 and (B) the number one plus a percentage (expressed as a decimal) equal to the percentage increase at such time in the Borrower’s total
consolidated assets subsequent to June 30, 2011, (ii) the Borrower is in compliance on a pro forma basis with the financial covenants set forth in Section 6.08 and (iii) no Event of Default exists or would result therefrom;

 (i) Investments in customers so long as at the time of such Investment and after giving effect thereto (i) the aggregate
amount of such Investments at any time outstanding does not exceed the product of (A) $75,000,000 and (B) the number one plus a percentage (expressed as a decimal) equal to the percentage increase at such time in the Borrower’s total
consolidated assets subsequent to June 30, 2011, (ii) the aggregate amount of such Investments at any time outstanding with respect to any one customer location shall not exceed the product of (A) $25,000,000, and (B) the number
one plus a percentage (expressed as a decimal) equal to the percentage increase at such time in the Borrower’s total consolidated assets subsequent to June 30, 2011, (iii) the Borrower is in compliance on a pro forma basis with the
financial covenants set forth in Section 6.08 and (iv) no Event of Default exists or would result therefrom; 
 (j)
Any Investments so long as at the time of such Investment and after giving effect thereto (i) the Consolidated Net Funded Indebtedness to EBITDA Ratio (calculated on a pro forma basis after giving effect to such Investment) is less than or
equal to 2.0 to 1.0, or, if such Consolidated Net Funded Indebtedness to EBITDA Ratio (calculated on a pro forma basis after giving effect to such Investment), is greater than 2.0 to 1.0 (A) the aggregate amount of all such Investments incurred
pursuant to clause (j) and then outstanding does not exceed the product of (1) $75,000,000 and (2) the number one plus a percentage (expressed as a decimal) equal to the percentage increase at such time in the Borrower’s total
consolidated assets subsequent to June 30, 2011, and (B) with respect to Investments in a customer, the aggregate amount of all such Investments at any time outstanding with respect to any one location of such customer shall not exceed the
product of (1) $25,000,000, and (2) the number one plus a percentage (expressed as a decimal) equal to the percentage increase at such time in the Borrower’s total consolidated assets subsequent to June 30, 2011, (ii) with
respect to any Acquisition, each of the conditions set forth in clause (f) of this Section 6.05 above have been satisfied, (iii) the Borrower is in compliance on a pro forma basis with the financial covenants set forth in
Section 6.08 and (iv) no Event of Default exists or would result therefrom. 
 For purposes of this Section 6.05:
(i) any Investments set forth on Schedule 6.05 hereto which would be permitted under clause (c), (d), (e), (h) or (i) shall be counted against the Dollar limitations applicable to such clause; (ii) any Investments
permitted by any of clauses (a) through (i) and also by clause (j) shall first be included in the applicable category set forth in clauses (a) through (i) up to any Dollar limitations applicable thereto and then included in
clause (j) up to any Dollar limitation applicable thereto; and (iii) no Default or Event of Default shall occur with respect to an Investment made pursuant to clause (j) during a period when the Consolidated Net Funded Indebtedness to
EBITDA Ratio (calculated on a pro forma basis after giving effect to 

  
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such Investment) is less than or equal to 2.0 to 1.0, solely as a result of an increase in the Consolidated Net Funded Indebtedness to EBITDA Ratio to greater than 2.0 to 1.0 (subject to
Section 6.08(b)) subsequent to making such Investment. For purposes of this Section 6.05, when referring to any Investment, the term “outstanding” means, as applicable, loans and advances which have not been repaid, guarantees
and Intercompany Support Letters which have not been cancelled and other investments which have not been repaid or returned, as applicable, to the investor (provided that the amounts of any outstanding Investment shall be determined in accordance
with the definition of “Investment”). 
 SECTION 6.06 Restricted Payments. No Loan Party will, nor will it
permit any Subsidiary to, declare or make, or agree to pay or make, directly or indirectly, any Restricted Payment, except: 

(a) Each Wholly-Owned Subsidiary may make Restricted Payments to any Loan Party or another Subsidiary; 

(b) Each Loan Party and each Subsidiary may declare and make dividend payments or other distributions payable solely in the common stock
or other common Equity Interests of such Person; 
 (c) Each Loan Party and each Subsidiary may purchase, redeem or otherwise
acquire its common Equity Interests with the proceeds received from the substantially concurrent issue of new common Equity Interests of such Person; and 
 (d) The Borrower may make Restricted Payments so long as (i) the Consolidated Net Funded Indebtedness to EBITDA Ratio (calculated on a on a pro forma basis after giving effect to such Restricted
Payment) is less than or equal to 1.5 to 1.0, or, if the Consolidated Net Funded Indebtedness to EBITDA Ratio (calculated on a pro forma basis after giving effect to such Restricted Payment) is greater than 1.5 to 1.0, the aggregate amount of
Restricted Payments (other than those permitted under clauses (a), (b) or (c) of this Section 6.06) during the twelve month period ending immediately prior to the date of such Restricted Payment is less than the greater of
(x) $125,000,000 or (y) the Consolidated Free Cash Flow for such twelve month period, (ii) after giving effect to such Restricted Payment, the Borrower will have Consolidated Liquidity of not less $10,000,000, (iii) the Borrower
is in compliance on a pro forma basis with the financial covenants set forth in Section 6.08, and (iv) no Event of Default is then existing or would result therefrom. 

SECTION 6.07 Transactions with Affiliates. No Loan Party will, nor will it permit any Subsidiary to, sell, lease or otherwise
transfer any property or assets to, or purchase, lease or otherwise acquire any property or assets from, or otherwise engage in any other transactions with, any of its Affiliates, except in the ordinary course of business at prices and on terms and
conditions not less favorable to the Borrower or such Subsidiary than could be obtained on an arm’s-length basis from unrelated third parties, provided that the following shall be permitted: (a) any Restricted Payment permitted by
Section 6.06, (b) transactions among the Loan Parties, (c) intercompany Investments and Indebtedness not prohibited under this Agreement, (d) advances to directors, officers and employees permitted by Section 6.05(c),
(e) the payment of any fees, grant of any equity compensation and provision of any benefits to directors of the 

  
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Borrower who are not employees of the Borrower or any Subsidiary which are described on the Disclosure Schedule or are customary, and any customary fees, compensation and benefit
arrangements paid to, and indemnities provided for the benefit of, directors, officers or employees of the Borrower or its Subsidiaries in the ordinary course of business, (f) any issuances of securities or other payments, awards or grants in
cash, securities or otherwise pursuant to, or the funding of, employment agreements, stock options and stock ownership plans for employees of Borrower or its Subsidiaries approved by the Borrower’s board of directors and (g) the
disposition of immaterial assets which are obsolete or no longer useful in the business of the transferring Person. 

SECTION 6.08 Financial Covenants. 
 (a) Interest Coverage Ratio. The Borrower will not permit the Consolidated EBITDA to Interest Expense Ratio, determined as of the end of each of its fiscal quarters to be less than 3.00 to 1.0.

 (b) Consolidated Net Funded Indebtedness to EBITDA Ratio. The Borrower will not permit the Consolidated Net Funded
Indebtedness to EBITDA Ratio, determined as of the end of each of its fiscal quarters, to be greater than 3.00 to 1.00. 

SECTION 6.09 Subordinated Debt. No Loan Party will, nor will it permit any Subsidiary to, (a) make any payment or
prepayment of principal of, premium, if any, or interest on, redemption, purchase, retirement, defeasance, sinking fund or similar payment with respect to, any Subordinated Indebtedness of Borrower or any of its Subsidiaries except that such Person
may make payments when due under the Subordinated Indebtedness if such payment is permitted under the subordination terms thereof and no Event of Default is then existing or would be caused thereby or (b) make any amendment or modification to
any indenture, note or other agreement evidencing or governing any Subordinated Indebtedness except if, after giving effect thereto, (i) the Borrower is in compliance on a pro forma basis with the financial covenants set forth in
Section 6.08 and (ii) no Event of Default is exists or would result therefrom or, (c) without the prior written consent of Administrative Agent, make any amendment or modification to the subordination provisions applicable to any
Subordinated Indebtedness; provided that, any Loan Party may incur Refinancing Indebtedness with respect to such Subordinated Indebtedness which is permitted by Section 6.01. 

SECTION 6.10 Patriot Act. No Loan Party shall, nor shall it permit any Subsidiary to, (1) be or become subject at any
time to any law, regulation, or list of any Government Authority (including, without limitation, the U.S. Office of Foreign Asset Control list) that prohibits or limits Lenders from making any advance or extension of credit to Borrower or from
otherwise conducting business with Borrower or its Subsidiaries, or (2) fail to provide documentary and other evidence of Borrower’s identity as may be requested by Lenders at any time to enable Lenders to verify Borrower’s identity
or to comply with any applicable law or regulation, including, without limitation, Section 326 of the USA Patriot Act of 2001, 31 U.S.C. Section 5318. 

  
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 ARTICLE VII 

EVENTS OF DEFAULT 
 If any of the following events (“Events of Default”) shall occur: 

(a) the Borrower shall fail to pay any principal of any Loan or any reimbursement obligation in respect of any LC Disbursement when and
as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or otherwise, and, with respect to a failure to pay a LC Disbursement reimbursement obligation, such failure is not remedied within 2
Business Days after such failure; 
 (b) the Borrower or any Subsidiary Guarantor shall fail to pay any interest, fee or other
amount (other than an amount referred to in clause (a) of this Article) payable under this Agreement or any other Loan Document when and as the same shall become due and payable, and such failure shall continue unremedied for a period of 5
Business Days; 
 (c) any representation or warranty made or deemed made by or on behalf of the Borrower or any Subsidiary
Guarantor in this Agreement or any other Loan Document or any amendment or modification hereof or thereof or waiver hereunder or thereunder, shall prove to have been incorrect in any material respect (except that such materiality qualifier shall not
be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) when made or deemed made, or any certificate, consolidated financial statement, report, notice or other writing furnished by
the Borrower or any Subsidiary Guarantor to the Administrative Agent or any Lender in connection herewith is false or misleading in any material respect on the date as of which the facts therein set forth are stated or certified; 

(d) the Borrower or Subsidiary Guarantor shall fail to observe or perform any covenant, condition or agreement contained in
Section 5.02, Section 5.03 (solely with respect to a Loan Party’s existence) or 5.08 or in Article VI; 

(e) the Borrower or any Subsidiary shall fail to observe or perform any covenant, condition or agreement contained in this Agreement
(other than those specified in clause (a), (b) or (d) of this Article), or in any other Loan Document, and such failure shall continue unremedied for a period of 30 days after the date of such failure or, if a grace period is already
provided in the other Loan Document, such failure shall continue beyond such grace period; 
 (f) the Borrower or any Subsidiary
shall fail to make any payment (whether of principal or interest and regardless of amount) in respect of any Material Indebtedness, when and as the same shall become due and payable; 

(g) any event or condition occurs that results in any Material Indebtedness becoming due prior to its scheduled maturity or that enables
or permits (with or without the giving of notice, the lapse of time or both) the holder or holders of any Material Indebtedness or any trustee or agent on its or their behalf to cause any Material Indebtedness to become due, or to require the
prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled 

  
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maturity; provided that this clause (g) shall not apply to secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property or assets securing such
Indebtedness; 
 (h) an involuntary proceeding shall be commenced or an involuntary petition shall be filed seeking
(i) liquidation, reorganization or other relief in respect of the Borrower or any Material Subsidiary or its debts, or of a substantial part of its assets, under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law
now or hereafter in effect or (ii) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for the Borrower or any Material Subsidiary or for a substantial part of its assets, and, in any such case, such
proceeding or petition shall continue undismissed for 60 days or an order or decree approving or ordering any of the foregoing shall be entered; 
 (i) the Borrower or any Material Subsidiary shall (i) voluntarily commence any proceeding or file any petition seeking liquidation, reorganization or other relief under any Federal, state or foreign
bankruptcy, insolvency, receivership or similar law now or hereafter in effect, (ii) consent to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or petition described in clause (h) of this Article,
(iii) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for the Borrower or any Material Subsidiary or for a substantial part of its assets, (iv) file an answer
admitting the material allegations of a petition filed against it in any such proceeding, (v) make a general assignment for the benefit of creditors or (vi) take any action for the purpose of effecting any of the foregoing; 

(j) the Borrower or any Material Subsidiary shall become unable, admit in writing its inability or fail generally to pay its debts as
they become due; 
 (k) (i) judgments for payment of money which exceed an aggregate of $50,000,000 shall be rendered
against any of Borrower and its Subsidiaries and shall not have been paid, discharged or vacated or had execution thereof stayed pending appeal within 45 days after entry or filing of such judgments, or any action shall be legally taken by a
judgment creditor with a judgment in the amount of at least $25,000,000 to attach or levy upon any assets of the Borrower or any Subsidiary to enforce such judgment; or (ii) non-monetary judgments shall be rendered against any of Borrower and
its Subsidiaries which individually or in the aggregate could reasonably be expected to have a Material Adverse Effect and shall not have been discharged or vacated or had execution thereof stayed pending appeal within 60 days after entry or filing
of such judgments, or any action shall be legally taken by a judgment creditor to enforce any such judgment which could reasonably be expected to have a Material Adverse Effect; 

(l) an ERISA Event shall have occurred that, in the opinion of the Required Lenders, when taken together with all other ERISA Events that
have occurred, could reasonably be expected to result in liability of the Borrower and its Subsidiaries in an aggregate amount exceeding $50,000,000 during the twelve-month period ending with the month in which the latest such ERISA Event occurs;

 (m) any Loan Document or any subordination provision applicable to any Subordinated Indebtedness that constitutes Material
Indebtedness for any reason ceases to be valid, binding and enforceable in accordance with its terms or any of Borrower and its 

  
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Subsidiaries shall challenge the enforceability of any Loan Document or any subordination provision applicable to any Subordinated Indebtedness, or shall assert in writing or engage in any action
or inaction based on any such assertion that any Loan Document or any subordination provision applicable to any Subordinated Indebtedness has ceased to be or otherwise is not valid, binding and enforceable in accordance with its terms; 

(n) a Governmental Authority shall have revoked, suspended or not renewed (except for any non-renewal action, suit or proceeding arising
out of Borrower’s or such Subsidiary’s voluntary decision not to seek renewal of) any Gaming Authorization of any of Borrower and its Subsidiaries and such revocation, when taken together with all other revocations of Gaming Authorizations
of any of Borrower and its Subsidiaries (except for any non-renewal action, suit or proceeding arising out of Borrower’s or such Subsidiary’s voluntary decision not to seek renewal of) during the twelve-month period ending with the month
in which the latest such revocation occurs could reasonably be expected to result in a Material Adverse Effect; or 
 (o) a
Change in Control shall occur; 
 then, and in every such event (other than an event with respect to the Borrower described in clause
(h) or (i) of this Article), and at any time thereafter during the continuance of such event, the Administrative Agent may, and at the request of the Required Lenders shall, by notice to the Borrower, take either or both of the following
actions, at the same or different times: (i) terminate the Commitments, and thereupon the Commitments shall terminate immediately, and (ii) declare the Loans then outstanding to be due and payable in whole (or in part, in which case any
principal not so declared to be due and payable may thereafter be declared to be due and payable), and thereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and all fees and other obligations
of the Borrower accrued hereunder and the other Obligations, shall become due and payable immediately, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower; and in case of any event with
respect to the Borrower described in clause (h) or (i) of this Article, the Commitments shall automatically terminate and the principal of the Loans then outstanding, together with accrued interest thereon and all fees and other
obligations of the Borrower accrued hereunder and all other Obligations, shall automatically become due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower. 

ARTICLE VIII 
 THE ADMINISTRATIVE AGENT 
 Each of the Lenders and the Issuing Banks hereby
irrevocably appoints the Administrative Agent as its agent and authorizes the Administrative Agent to take such actions on its behalf, including, without limitation, the execution of the other Loan Documents, and to exercise such powers as are
delegated to the Administrative Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. 

  
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 The bank serving as the Administrative Agent hereunder and under the other Loan Documents
shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent, and such bank and its Affiliates may accept deposits from, lend money to and generally
engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if it were not the Administrative Agent hereunder and under the other Loan Documents. 

The Administrative Agent shall not have any duties or obligations except those expressly set forth in the Loan Documents. Without
limiting the generality of the foregoing, (a) the Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing, (b) the Administrative Agent shall not
have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated by the Loan Documents that the Administrative Agent is required to exercise in writing as directed by
the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 9.02), and (c) except as expressly set forth in the Loan Documents, the Administrative Agent shall
not have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Borrower or any of its Subsidiaries that is communicated to or obtained by the bank serving as Administrative Agent or any of its
Affiliates in any capacity. The Administrative Agent shall not be liable for any action taken or not taken by it with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary
under the circumstances as provided in Section 9.02) or in the absence of its own gross negligence or wilful misconduct. The Administrative Agent shall be deemed not to have knowledge of any Default unless and until written notice thereof is
given to the Administrative Agent by the Borrower or a Lender, and 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 the other Loan Documents, (ii) the contents of any certificate, report or other document delivered hereunder or in connection herewith or with the other Loan Documents, (iii) the performance or observance of any of the
covenants, agreements or other terms or conditions set forth herein or in the other Loan Documents, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement or any other agreement, instrument or document, or
(v) the satisfaction of any condition set forth in Article IV or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent. 

The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request,
certificate, consent, statement, instrument, document or other writing believed by it to be genuine and to have been signed or sent by the proper Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and
believed by it to be made by the proper Person, and shall not incur any liability for relying thereon. The Administrative Agent may consult with legal counsel (who may be counsel for 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. 
 The Administrative Agent may perform any and all its duties and exercise its rights and powers by or through any one or more sub-agents appointed by the Administrative Agent. The

  
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Administrative Agent and any such sub-agent may perform any and all its duties and exercise its rights and powers through their respective Related Parties. The exculpatory provisions of the
preceding paragraphs shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facilities provided
for herein as well as activities as Administrative Agent. 
 Subject to the appointment and acceptance of a successor
Administrative Agent as provided in this paragraph, the Administrative Agent may resign at any time by notifying the Lenders, the Issuing Banks and the Borrower. Upon any such resignation, the Required Lenders shall have the right, in consultation
with the Borrower, to appoint a successor. If no successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its resignation, then the
retiring Administrative Agent may, on behalf of the Lenders and the Issuing Banks, appoint a successor Administrative Agent which shall be a bank with an office in Chicago, Illinois, or an Affiliate of any such bank. Upon the acceptance of its
appointment as Administrative Agent hereunder by a successor, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring Administrative Agent, and the retiring Administrative Agent shall be
discharged from its duties and obligations hereunder and under the other Loan Documents. The fees payable by the Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the
Borrower and such successor. After the Administrative Agent’s resignation hereunder, the provisions of this Article and Section 9.03 shall continue in effect for the benefit of such retiring Administrative Agent, its sub-agents and
their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while it was acting as Administrative Agent. 
 Each Lender acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made
its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it
shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any related agreement or any document furnished hereunder or thereunder. 

None of the Syndication Agent, Co-Documentation Agents or Senior Managing Agent shall have any right, power, obligation, liability,
responsibility or duty under this Agreement other than those applicable to all Lenders as such. 
 ARTICLE IX

 MISCELLANEOUS 
 SECTION 9.01 Notices. 
 (a) Except in the case of notices and other
communications expressly permitted to be given by telephone (and subject to paragraph (b) below), all notices and other 

  
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communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopy, as follows:

 (i) if to the Borrower, to it at 800 South Northpoint Boulevard, Waukegan, Illinois 60085, Attention of Scott
D. Schweinfurth, Chief Financial Officer (Telecopy No. 847-785-3790; e-mail: sschweinfurth@wms.com) with a copy to Kathleen McJohn, General Counsel at the same address (Telecopy No. 847-785-3901; e-mail: kmcjohn@wms.com);

 (ii) if to the Administrative Agent with respect to borrowing, conversion, continuation and payment, to
(A) JPMorgan Chase Bank, N.A., Loan and Agency Services Group, 10 South Dearborn, Mail Code-IL1-0010, 7th Floor, Chicago, Illinois 60603, Attention: Muoy Lim (Telephone: 312-732-2024; Telecopy: 888-303-9732; Email:
jpm.agency.servicing.1@jpmchase.com) and (B) if such communication or notice relates to a Foreign Currency Loan, to JPMEL at the office set forth on the Foreign Currency Administrative Schedule; 

(iii) if to Administrative Agent with respect to any other matters, to JPMorgan Chase Bank, N.A., 1201 S. Milwaukee
Avenue, Libertyville, Illinois 60048, Attention: Joseph A. Luna and Anthony P. Lobue (Telecopy No. 847-816-4210; e-mail: joseph.a.luna@chase.com and anthony.p.lobue@jpmchase.com); 

(iv) if to the Issuing Banks, to them at JPMorgan Chase Bank, N.A., 300 South Riverside Plaza, Mail Code IL1-0236,
Chicago, Illinois 60606, Attention: Debra Williams, Letters of Credit (Telephone: 312-732-2590; Telecopy No. 312-954-2457; e-mail: debra.c.williams@jpmchase.com) and Bank of America, N.A., Standby Letters of Credit, 1000 West Temple
Street, Mail Code, CA9-705-07-05, Los Angeles, CA 90012-1514, (Telecopy No. 213-457-8841); email: los_angeles_standby_lc@bankofamerica.com); 
 (v) if to the Swingline Lender, to it at JPMorgan Chase Bank, N.A., Loan and Agency Services Group, 10 South Dearborn, Mail Code-IL1-0010, 7th Floor, Chicago, Illinois 60603, Attention: Attention: Muoy
Lim (Telephone: 312-732-2024; Telecopy: 888-303-9732; Email: jpm.agency.servicing.1@jpmchase.com); 

(vi) if to any other Lender, to it at its address (telecopy number or e-mail address) set forth in its Administrative
Questionnaire. 
 (b) Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic
communications pursuant to procedures approved by the Administrative Agent. The Administrative Agent or the Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to
procedures approved by it; provided that approval of such procedures may be limited to particular notices or communications. Subject to the remainder of this 9.01(b), Borrower and Administrative Agent (with respect to notices under
Section 9.01(a) above) agree to accept notices at the e-mail addresses set forth above. All such notices and other communications (i) sent to an e-mail address shall be deemed received only upon the sender’s receipt of an

  
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acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement), provided that, if not
given during the normal business hours of the recipient, shall not be deemed to have been received until the opening of business on the next Business Day for the recipient, and (ii) posted to an Internet or intranet website (if permitted
hereby) shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (b)(i) of notification that such notice or communication is available and identifying the website address
therefor. Any notice given pursuant to this Section 9.01(b) which is not deemed received in accordance with the foregoing procedures shall not be effective for any purpose. 

(c) Any party hereto may change its address or telecopy number or email address for notices and other communications hereunder by notice
to the other parties hereto. All notices and other communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to have been given on the date of receipt. 

SECTION 9.02 Waivers; Amendments. 
 (a) No failure or delay by the Administrative Agent, any Issuing Bank or any Lender in exercising any right or power hereunder or under any other Loan Document shall operate as a waiver thereof, nor shall
any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and
remedies of the Administrative Agent, the Issuing Banks and the Lenders hereunder and under the other Loan Documents are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this
Agreement or any other Loan Document or consent to any departure by the Borrower or any Subsidiary from any such provision hereof or thereof shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section,
and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. Without limiting the generality of the foregoing, the making of a Loan or issuance of a Letter of Credit shall not be construed as
a waiver of any Default, regardless of whether the Administrative Agent, any Lender or any Issuing Bank may have had notice or knowledge of such Default at the time. 
 (b) Neither this Agreement nor any other Loan Document nor any provision hereof or thereof may be waived, amended or modified except, in the case of this Agreement, pursuant to an agreement or agreements
in writing entered into by the Borrower and the Required Lenders or, in the case of any other Loan Document, pursuant to an agreement or agreements in writing entered into by the Administrative Agent and the Loan Party or Loan Parties that are
parties thereto; provided that no such agreement shall (i) increase the Commitment of any Lender without the written consent of such Lender, (ii) reduce the principal amount of any Loan or LC Disbursement or reduce the rate of
interest thereon, or reduce any fees payable hereunder, without the written consent of each Lender affected thereby, (iii) postpone the scheduled date of payment of the principal amount of any Loan or LC Disbursement, or any interest thereon,
or any fees payable hereunder, or reduce the amount of, waive or excuse any such payment, or postpone the scheduled date of expiration of any Commitment, without the written consent of each Lender affected thereby, (iv) change
Section 2.18(b) or (c) in a manner that would alter the pro rata sharing of payments required 

  
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thereby, without the written consent of each Lender, (v) release all or substantially all of the Subsidiary Guarantors, or (vi) change any of the provisions of this Section or the
definition of “Required Lenders” or any other provision hereof specifying the number or percentage of Lenders required to waive, amend or modify any rights hereunder or under any Loan Document or make any determination or grant any consent
hereunder or under any Loan Document, without the written consent of each Lender; provided further that no such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative Agent, an Issuing Bank or the
Swingline Lender hereunder without the prior written consent of the Administrative Agent, such Issuing Bank or the Swingline Lender, as the case may be. 
 (c) Notwithstanding the foregoing, the Administrative Agent may (i) amend Schedule 2.01 to reflect Commitment Increases, Additional Commitment Lenders and other changes contemplated by
Section 2.04 and assignments entered into pursuant to Section 9.04, and (ii) waive payment of the fee required under Section 9.04(b). 
 SECTION 9.03 Expenses; Indemnity; Damage Waiver. 
 (a) 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 and administration of the Loan Documents or any amendments, modifications or waivers of the provisions of the Loan Documents (whether or not the transactions contemplated hereby or thereby
shall be consummated), (ii) all reasonable out-of-pocket expenses incurred by an Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all
reasonable out-of-pocket expenses incurred by the Administrative Agent, any Issuing Bank or any Lender, including the reasonable fees, charges and disbursements of any counsel for the Administrative Agent, any Issuing Bank or any Lender, in
connection with the enforcement or protection of its rights in connection with the Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such reasonable
out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit and (iv) all reasonable out-of-pocket losses, costs or expenses incurred by any Lender sustained in connection with
any conversion of Obligations, fees, payments or any other amounts payable to such lender from any Foreign Currency to its Dollar Equivalent; provided that such conversion shall have resulted from the Borrower’s failure to comply with
its obligations hereunder. 
 (b) The Borrower shall indemnify the Administrative Agent, each Issuing Bank and each Lender, and
each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including the
reasonable fees, charges and disbursements of any counsel for any Indemnitee, incurred by or asserted against any Indemnitee arising out of, in connection with, or as a result of (i) the execution or delivery of the Loan Documents or any
agreement or instrument contemplated thereby, the performance by the parties hereto of their respective obligations thereunder or the consummation of the Transactions or any other transactions contemplated hereby, (ii) any Loan or Letter of
Credit or the use of the proceeds therefrom (including any refusal by the applicable Issuing Bank to honor a demand for 

  
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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 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 are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross
negligence or wilful misconduct of such Indemnitee. 
 (c) To the extent that the Borrower fails to pay any amount required to
be paid by it to the Administrative Agent, an Issuing Bank or the Swingline Lender under paragraph (a) or (b) of this Section, each Lender severally agrees to pay to the Administrative Agent, the applicable Issuing Bank or the Swingline
Lender, as the case may be, such Lender’s Applicable Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or
indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the applicable Issuing Bank or the Swingline Lender in its capacity as such. Each Restatement Lender
represents as of the date hereof to each other Lender a party hereto as of the date hereof that it has no knowledge (without investigation or inquiry) of any existing matters that would require such other Lenders to indemnify the Administrative
Agent, an Issuing Bank or the Swingline Lender pursuant to this Section 9.03(c). 
 (d) To the extent permitted by
applicable law, no Loan Party shall assert, and each hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in
connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. 

(e) All amounts due under this Section shall be payable upon written demand therefor. 

SECTION 9.04 Successors and Assigns. 
 (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby (including any Affiliate of an
Issuing Bank that issues any Letter of Credit), except that (i) the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder or under any other Loan Document without the prior written consent of each Lender (and
any attempted assignment or transfer by the Borrower without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights or obligations hereunder or under any other Loan Document except in accordance with
this Section. Nothing in this Agreement or the other Loan Documents, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby (including any Affiliate
of an Issuing Bank that issues any Letter of Credit), Participants (to the extent provided 

  
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in paragraph (c) of this Section) and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent, the Issuing Banks and the Lenders) any legal or
equitable right, remedy or claim under or by reason of this Agreement or any other Loan Document. 
 (b) (i) Subject to the
conditions set forth in paragraph (b)(ii) below, any Lender may assign to one or more Eligible Assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time
owing to it). 
 (ii) Assignments shall be subject to the following additional conditions: 

(i) except in the case of an assignment to a Lender or an Affiliate of a Lender or an assignment of the entire remaining
amount of the assigning Lender’s Commitment or Loans of any Class, the amount of the Commitment or Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such
assignment is delivered to the Administrative Agent) shall not be less than $10,000,000 (and integral multiples of $1,000,000 in excess thereof) unless each of the Borrower and the Administrative Agent otherwise consent, provided that no such
consent of the Borrower shall be required if an Event of Default has occurred and is continuing; 
 (ii) 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 and the other Loan Documents, provided that this clause shall not be construed to
prohibit the assignment of a proportionate part of all the assigning Lender’s rights and obligations in respect of one Class of Commitments or Loans; 
 (iii) the parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee of $3,500; 

(iv) the assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative
Questionnaire; and 
 (v) when the consent of Borrower is required for an assignment pursuant to the definition
of Eligible Assignee, Borrower shall be provided with at least 10 days prior notice of such assignment. 
 (iii)
Subject to acceptance and recording thereof pursuant to paragraph (b)(iv) of this Section, from and after the effective date specified in each Assignment and Assumption the assignee thereunder shall be a party hereto and, to the extent of the
interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement and the other Loan Documents, 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 

  
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Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement and the other Loan Documents, such Lender shall cease to be a party hereto and
thereto but shall continue to be entitled to the benefits of Sections 2.15, 2.16 and 2.17, the last sentence of Section 2.18(a) and Section 9.03). Any assignment or transfer by a Lender of rights or obligations under this Agreement or
the other Loan Documents that does not comply with this Section 9.04 shall be treated for purposes of this Agreement and the other Loan Documents as a sale by such Lender of a participation in such rights and obligations in accordance with
paragraph (c) of this Section. 
 (iv) The Administrative Agent, acting for this purpose as an agent of the
Borrower, shall maintain at one of its offices a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitment of, and principal amount of the Loans and LC
Disbursements owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive, and the Borrower, the Administrative Agent, the Issuing Banks and the Lenders may
treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement and the other Loan Documents, notwithstanding notice to the contrary. The Register shall be available for
inspection by the Borrower, any Issuing Bank and any Lender, at any reasonable time and from time to time upon reasonable prior notice. 
 (v) Upon its receipt of a duly completed Assignment and Assumption executed by an assigning Lender and an assignee, the assignee’s completed Administrative Questionnaire (unless the assignee shall
already be a Lender hereunder), the processing and recordation fee referred to in paragraph (b) of this Section and any written consent to such assignment required by paragraph (b) of this Section, the Administrative Agent shall
accept such Assignment and Assumption and record the information contained therein in the Register; provided that if either the assigning Lender or the assignee shall have failed to make any payment required to be made by it pursuant to
Section 2.05(c), 2.06(d) or (e), 2.07(b), 2.18(d) or 9.03(c), the Administrative Agent shall have no obligation to accept such Assignment and Assumption and record the information therein in the Register unless and until such payment shall have
been made in full, together with all accrued interest thereon. No assignment shall be effective for purposes of this Agreement or the other Loan Documents unless it has been recorded in the Register as provided in this paragraph. 

(c) (i) Any Lender may, without the consent of the Borrower, the Administrative Agent, the Issuing Banks or the Swingline Lender, sell
participations to one or more banks or other entities (a “Participant”) in all or a portion of such Lender’s rights and obligations under this Agreement and the other Loan Documents (including all or a portion of its Commitment
and the Loans owing to it); provided that (A) such Lender’s obligations under this Agreement and the other Loan Documents shall remain unchanged, (B) such Lender shall remain solely responsible to the other parties hereto for
the performance of such obligations, (C) the Borrower, the Administrative Agent, the Issuing Banks and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations
under this Agreement and the other Loan Documents and (D) to the extent required under 

  
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applicable Gaming Laws, each Participant must be registered with, approved by, or not disapproved by (whichever may be required under applicable Gaming Laws), all applicable Gaming Boards and may
not be the subject of a Lender Disqualification. 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 the other Loan Documents and
to approve any amendment, modification or waiver of any provision of this Agreement and the other Loan Documents; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree
to any amendment, modification or waiver described in the first proviso to Section 9.02(b) that affects such Participant. Subject to paragraph (c)(ii) of this Section, the Borrower agrees that each Participant shall be entitled to the benefits
of Sections 2.15, 2.16 and 2.17 and the last sentence of Section 2.18(a) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section. To the extent permitted by law,
each Participant also shall be entitled to the benefits of Section 9.08 as though it were a Lender, provided such Participant agrees to be subject to Section 2.18(c) as though it were a Lender. 

(ii) A Participant shall not be entitled to receive any greater payment under Section 2.15 or 2.17 than the
applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Borrower’s prior written consent. All Participants agree
to be bound by and comply with the provisions of Section 2.19 as if they were “Lenders” under this Agreement, and each participation agreement between any Lender and any Participant shall expressly so provide for the benefit of the
Borrower. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 2.17 unless the Borrower is notified of the participation sold to such Participant and such Participant agrees, for the
benefit of the Borrower, to comply with Section 2.17(e) as though it were a Lender. 
 (d) Any Lender may at any time
pledge or assign a security interest in all or any portion of its rights under this Agreement and the other Loan Documents to secure obligations of such Lender, including without limitation any pledge or assignment to secure obligations to a Federal
Reserve Bank, and this Section shall not apply to any such pledge or assignment of a security interest; provided that no such pledge or assignment of a security interest shall release a Lender from any of its obligations hereunder and
the other Loan Documents or substitute any such pledgee or assignee for such Lender as a party hereto. 
 SECTION 9.05
Survival. All covenants, agreements, representations and warranties made by the Loan Parties herein and the other Loan Documents and in the certificates or other instruments delivered in connection with or pursuant to this Agreement and the
other Loan Documents shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of this Agreement and the other Loan Documents and the making of any Loans and issuance of any Letters of
Credit, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the Administrative Agent, any Issuing Bank or any Lender may have had notice or knowledge of any Default or incorrect representation or
warranty at the time any credit is extended hereunder, and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan or any fee or any other amount payable under this Agreement or the other Loan
Documents is outstanding and 

  
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unpaid or any Letter of Credit is outstanding and so long as the Commitments have not expired or terminated. The provisions of Sections 2.15, 2.16 and 2.17, the last sentence of
Section 2.18(a) and Section 9.03 and Article VIII shall survive and remain in full force and effect regardless of the consummation of the transactions contemplated hereby, the repayment of the Loans, the expiration or termination of
the Letters of Credit and the Commitments or the termination of this Agreement and the other Loan Documents or any provision hereof or thereof. 
 SECTION 9.06 Counterparts; Integration; Effectiveness. This Agreement and the other Loan Documents may be executed in counterparts (and by different parties hereto on different counterparts),
each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement and 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. Except as provided in Section 4.01, this Agreement shall become effective when it shall have been executed by the
Administrative Agent and when the Administrative Agent shall have received counterparts hereof which, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns. Delivery of an executed counterpart of a signature page of this Agreement and the other Loan Documents by telecopy or an electronic image transmitted via electronic mail shall be
effective as delivery of a manually executed counterpart of this Agreement and the other Loan Documents. 
 SECTION 9.07
Severability. Any provision of this Agreement or any other Loan Document held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or
unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof or thereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other
jurisdiction. 
 SECTION 9.08 Right of Setoff. If an Event of Default shall have occurred and be continuing, each
Lender and each of its Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final or otherwise, but
excluding (i) any restricted cash, restricted investments or other funds for progressive jackpots, (ii) any restricted cash, restricted investments or other funds held by any Loan Party in trust to pay to gambling winners, (iii) any
restricted cash, restricted investments or other funds held on account for gambling players and (iv) deposits on account by customers), at any time held and other obligations at any time owing by such Lender or Affiliate to or for the credit or
the account of any Loan Party against any of and all the obligations of such Loan Party now or hereafter existing under the Loan Documents held by such Lender, irrespective of whether or not such Lender shall have made any demand under this
Agreement and although such obligations may be unmatured. The applicable Lender shall notify the Borrower and the Administrative Agent of such set-off or application, provided that any failure to give or any delay in giving such notice shall
not affect the validity of any such set-off or application under this Section. The rights of each Lender under this Section are in addition to other rights and remedies (including other rights of setoff) which such Lender may have.

  
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 SECTION 9.09 Governing Law; Jurisdiction; Consent to Service of Process.

 (a) The Loan Documents (other than those containing a contrary express choice of law provision) shall be governed by and
construed in accordance with the law of the State of Illinois. 
 (b) Administrative Agent, each Issuing Bank, each Lender and
each Loan Party hereby irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of the courts of the State of Illinois sitting in Cook County and of the United States District Court of the Northern
District of Illinois (Eastern Division), and any appellate court from any thereof, in any action or proceeding arising out of or relating to any Loan Document, or for recognition or enforcement of any judgment, and each of the parties hereto hereby
irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such Illinois State court or, to the extent permitted by law, in such Federal court. Nothing in any Loan Document shall
affect any right that the Administrative Agent, any Issuing Bank or any Lender may otherwise have to bring any action or proceeding relating to this Agreement against any Loan Party or its properties in the courts of any jurisdiction. 

(c) Administrative Agent, each Issuing Bank, each Lender and each Loan Party hereby irrevocably and unconditionally waives, to the
fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or any other Loan Document in any court
referred to in paragraph (b) of this Section. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court.

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

SECTION 9.10 WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY
RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, 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 PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING
WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

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

SECTION 9.12 Confidentiality. Each of the Administrative Agent, the Issuing Banks and the Lenders agrees to maintain the
confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its and its Affiliates’ directors, officers, employees and agents, including accountants, legal counsel and other advisors (it being
understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent requested by any regulatory authority,
(c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, or to the extent requested by any Gaming Board or any regulatory authority purporting to have jurisdiction over such Person (including any
self-regulatory authority, such as the National Association of Insurance Commissioners), (d) to any other party to this Agreement or any other Loan Document, (e) in connection with the exercise of any remedies hereunder or any suit, action
or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to a written or electronic agreement containing provisions substantially the same as those of this Section, to
(i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement and the other Loan Documents or (ii) any actual or prospective counterparty (or its advisors) to
any swap or derivative transaction relating to the Borrower and its obligations, (g) with the written consent of the Borrower or (h) to the extent such Information (i) becomes publicly available other than as a result of a breach of
this Section or (ii) becomes available to the Administrative Agent, any Issuing Bank or any Lender on a nonconfidential basis from a source other than the Borrower or its Subsidiaries (whether directly from Borrower or its Subsidiaries or
indirectly from Borrower or its Subsidiaries through the Administrative Agent or another Lender or Issuing Bank). For the purposes of this Section, “Information” means all information received from any of the Borrower and its
Subsidiaries relating to any of the Borrower and its Subsidiaries or any of their business, other than any such information that is available to the Administrative Agent, any Issuing Bank or any Lender on a nonconfidential basis prior to disclosure
by the Borrower or any Subsidiary. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of
care to maintain the confidentiality of such Information as such Person would accord to its own confidential information. 

SECTION 9.13 Interest Rate Limitation. Notwithstanding anything herein to the contrary, if at any time the interest rate
applicable to any Loan, together with all fees, charges and other amounts which are treated as interest on such Loan under applicable law (collectively the “Charges”), shall exceed the maximum lawful rate (the “Maximum
Rate”) which may be contracted for, charged, taken, received or reserved by the Lender holding such Loan in accordance with applicable law, the rate of interest payable in respect of such Loan hereunder, together with all Charges payable in
respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and Charges that would have been payable in respect of such Loan but were not payable as a result of the operation of this Section shall be cumulated
and the interest and Charges payable to such Lender in respect of other Loans or periods shall be increased (but not above the Maximum Rate therefor) until such cumulated amount, together 

  
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with interest thereon at the Federal Funds Effective Rate to the date of repayment, shall have been received by such Lender. 

SECTION 9.14 USA PATRIOT Act. Each Lender that is subject to the requirements of the USA Patriot Act (Title III of Pub.
L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”) hereby notifies the Borrower that pursuant to the requirements of the 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 to identify the Borrower in accordance with the Patriot Act. 
 SECTION 9.15 Cooperation with Gaming Boards. The Administrative Agent, Issuing Banks and the Lenders agree to, at the request and expense of Borrower, commercially reasonably cooperate with
all Gaming Boards in connection with the administration of their regulatory jurisdiction over the Borrower and its Subsidiaries, including the provision of such documents and other information as may be reasonably requested by any such Gaming Board
relating to Borrower or any of its Subsidiaries or to the Loan Documents. 
 SECTION 9.16 Judgment Currency.

 (a) The Loan Parties’ obligations hereunder and under the other Loan Documents to make payments in Dollars shall not be
discharged or satisfied by any tender or recovery pursuant to any judgment expressed in or converted into any currency other than Dollars, except to the extent that such tender or recovery results in the effective receipt by the Administrative Agent
or the respective Lender or Issuing Bank of the full amount of Dollars expressed to be payable to the Administrative Agent or such Lender or Issuing Bank under this Agreement or the other Loan Documents. If, for the purpose of obtaining or enforcing
judgment against any Loan Party in any court or in any jurisdiction, it becomes necessary to convert into or from any currency other than Dollars (such other currency being hereinafter referred to as the “Judgment Currency”) an
amount due in Dollars, the conversion shall be made at the Dollar Equivalent determined as of the Business Day immediately preceding the day on which the judgment is given (such Business Day being hereinafter referred to as the “Judgment
Currency Conversion Date”). 
 (b) If there is a change in the rate of exchange prevailing between the Judgment
Currency Conversion Date and the date of actual payment of the amount due, the Loan Parties shall pay, or cause to be paid, such additional amounts, if any (but in any event not a lesser amount) as may be necessary to ensure that the amount paid in
the Judgment Currency, when converted at the rate of exchange prevailing on the date of payment, will produce the amount of Dollars which could have been purchased with the amount of Judgment Currency stipulated in the judgment or judicial award at
the rate of exchange prevailing on the Judgment Currency Conversion Date. 
 (c) For purposes of determining the Dollar
Equivalent or any other rate of exchange for this Section 9.16, such amounts shall include any premium and costs payable in connection with the purchase of Dollars. 

  
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 SECTION 9.17 Effect of Amendment and Restatement; Reaffirmation of other Loan
Documents. Upon the date of this Agreement, the Restated Agreement (and, except as otherwise set forth in the following proviso, all obligations and rights of any party thereunder), shall be amended and restated by this Agreement; provided
however, that the obligation to repay the loans and advances arising under the Restated Agreement shall continue in full force and effect but shall now be governed by the terms of this Agreement and the other Loan Documents. All Loan Documents
that were executed and delivered in connection with the Restated Agreement (as such Loan Documents may have been amended, restated, supplemented or otherwise modified), are hereby reaffirmed and shall continue in full force and effect;
provided that, all references in such Loan Documents to the Restated Agreement shall, without anything further, be deemed to refer to this Agreement (as may from time to time be amended, restated, supplemented or otherwise modified). Borrower
acknowledges and agrees that the Obligations evidenced by the Restated Agreement and other Loan Documents executed in connection with the Restated Agreement (as such Loan Documents may have been amended, restated, supplemented or otherwise modified)
have not been satisfied but instead have become part of the Obligations governed by the terms of this Agreement and under the other Loan Documents. No action or inaction by the Administrative Agent or Lenders prior to the date of this Agreement
shall be deemed to have established a course of conduct among the parties hereto. All rights, duties and obligations of the parties to this Agreement shall be solely as set forth in this Agreement and the other Loan Documents. 

ARTICLE X 
 GUARANTY 
 SECTION 10.01 Guaranty. Each Subsidiary Guarantor
hereby agrees that it is jointly and severally liable for, and, as primary obligor and not merely as surety, absolutely and unconditionally guarantees to the Lenders the prompt payment when due, whether at stated maturity, upon acceleration or
otherwise, and at all times thereafter, of the Obligations and all reasonable costs and expenses including, without limitation, all court costs and reasonable out-of-pocket attorneys’ and paralegals’ fees and expenses paid or incurred by
the Administrative Agent, the Issuing Banks and the Lenders in endeavoring to collect all or any part of the Obligations from, or in prosecuting any action against, the Borrower, any Subsidiary Guarantor or any other guarantor of all or any part of
the Obligations (such costs and expenses, together with the Obligations, collectively the “Guaranteed Obligations”). Each Subsidiary Guarantor further agrees that the Guaranteed Obligations may be extended or renewed in whole or in
part without notice to or further assent from it, and that it remains bound upon its guarantee notwithstanding any such extension or renewal. All terms of this Subsidiary Guaranty apply to and may be enforced by or on behalf of any domestic or
foreign branch or Affiliate of any Lender that extended any portion of the Guaranteed Obligations. 
 SECTION 10.02
Guaranty of Payment. This Subsidiary Guaranty is a guaranty of payment and not of collection. Each Subsidiary Guarantor waives any right to require the Administrative Agent, any Issuing Bank or any Lender to sue the Borrower, any Subsidiary
Guarantor, any other guarantor, or any other person obligated for all or any part of the Guaranteed Obligations (each, an “Obligated Party”), or otherwise to enforce its payment against any collateral securing all or any part of the
Guaranteed Obligations. 

  
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 SECTION 10.03 No Discharge or Diminishment of Subsidiary Guaranty. 

(a) Except as otherwise provided for herein, the obligations of each Subsidiary Guarantor hereunder are unconditional and absolute and
not subject to any reduction, limitation, impairment or termination for any reason (other than the indefeasible payment in full in cash of the Guaranteed Obligations), including: (i) any claim of waiver, release, extension, renewal, settlement,
surrender, alteration, or compromise of any of the Guaranteed Obligations, by operation of law or otherwise; (ii) any change in the corporate existence, structure or ownership of the Borrower or any other guarantor of or other person liable for
any of the Guaranteed Obligations; (iii) any insolvency, bankruptcy, reorganization or other similar proceeding affecting any Obligated Party, or their assets or any resulting release or discharge of any obligation of any Obligated Party; or
(iv) the existence of any claim, setoff or other rights which any Subsidiary Guarantor may have at any time against any Obligated Party, the Administrative Agent, any Issuing Bank, any Lender, or any other person, whether in connection herewith
or in any unrelated transactions. 
 (b) The obligations of each Subsidiary Guarantor hereunder are not subject to any defense
or setoff, counterclaim, recoupment, or termination whatsoever by reason of the invalidity, illegality, or unenforceability of any of the Guaranteed Obligations or otherwise, or any provision of applicable law or regulation purporting to prohibit
payment by any Obligated Party, of the Guaranteed Obligations or any part thereof. 
 (c) Further, the obligations of any
Subsidiary Guarantor hereunder are not discharged or impaired or otherwise affected by: (i) the failure of the Administrative Agent, any Issuing Bank or any Lender to assert any claim or demand or to enforce any remedy with respect to all or
any part of the Guaranteed Obligations; (ii) any waiver or modification of or supplement to any provision of any agreement relating to the Guaranteed Obligations; (iii) any release, non-perfection, or invalidity of any indirect or direct
security for the obligations of the Borrower for all or any part of the Guaranteed Obligations or any obligations of any other guarantor of or other person liable for any of the Guaranteed Obligations; (iv) any action or failure to act by the
Administrative Agent, any Issuing Bank or any Lender with respect to any collateral securing any part of the Guaranteed Obligations; or (v) any default, failure or delay, willful or otherwise, in the payment or performance of any of the
Guaranteed Obligations, or any other circumstance, act, omission or delay that might in any manner or to any extent vary the risk of such Subsidiary Guarantor or that would otherwise operate as a discharge of any Subsidiary Guarantor as a matter of
law or equity (other than the indefeasible payment in full in cash of the Guaranteed Obligations). 
 SECTION 10.04
Defenses Waived. To the fullest extent permitted by applicable law, each Subsidiary Guarantor hereby waives any defense based on or arising out of any defense of the Borrower or any Subsidiary Guarantor or the unenforceability of all or any
part of the Guaranteed Obligations from any cause, or the cessation from any cause of the liability of the Borrower or any Subsidiary Guarantor, other than the indefeasible payment in full in cash of the Guaranteed Obligations. Without limiting the
generality of the foregoing, each Subsidiary Guarantor irrevocably waives acceptance hereof, presentment, demand, protest and, to the fullest extent permitted by law, any notice not provided for herein, as well as any requirement that at any time
any action be taken by any person against any Obligated Party, or any other person. 

  
 90 

 
The Administrative Agent may, at its election, foreclose on any Collateral held by it by one or more judicial or nonjudicial sales, accept an assignment of any such Collateral in lieu of
foreclosure or otherwise act or fail to act with respect to any collateral securing all or a part of the Guaranteed Obligations, compromise or adjust any part of the Guaranteed Obligations, make any other accommodation with any Obligated Party or
exercise any other right or remedy available to it against any Obligated Party, without affecting or impairing in any way the liability of such Subsidiary Guarantor under this Subsidiary Guaranty except to the extent the Guaranteed Obligations have
been fully and indefeasibly paid in cash. To the fullest extent permitted by applicable law, each Subsidiary Guarantor waives any defense arising out of any such election even though that election may operate, pursuant to applicable law, to impair
or extinguish any right of reimbursement or subrogation or other right or remedy of any Subsidiary Guarantor against any Obligated Party or any security. 
 SECTION 10.05 Rights of Subrogation. No Subsidiary Guarantor will assert any right, claim or cause of action, including, without limitation, a claim of subrogation, contribution or
indemnification that it has against any Obligated Party, or any collateral, until the Loan Parties and the Subsidiary Guarantors have fully performed all their obligations to the Administrative Agent, the Issuing Banks and the Lenders. 

SECTION 10.06 Reinstatement; Stay of Acceleration. If at any time any payment of any portion of the Guaranteed Obligations is
rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or otherwise, each Subsidiary Guarantor’s obligations under this Subsidiary Guaranty with respect to that payment shall be
reinstated at such time as though the payment had not been made and whether or not the Administrative Agent, the Issuing Banks and the Lenders are in possession of this Subsidiary Guaranty. If acceleration of the time for payment of any of the
Guaranteed Obligations is stayed upon the insolvency, bankruptcy or reorganization of the Borrower, all such amounts otherwise subject to acceleration under the terms of any agreement relating to the Guaranteed Obligations shall nonetheless be
payable by the Subsidiary Guarantors forthwith on demand by the Lender. 
 SECTION 10.07 Information. Each
Subsidiary Guarantor assumes all responsibility for being and keeping itself informed of the Borrower’s financial condition and assets, and of all other circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations and the
nature, scope and extent of the risks that each Subsidiary Guarantor assumes and incurs under this Subsidiary Guaranty, and agrees that neither the Administrative Agent, any Issuing Bank nor any Lender shall have any duty to advise any Subsidiary
Guarantor of information known to it regarding those circumstances or risks. 
 SECTION 10.08 Termination. The
Lenders may continue to make loans or extend credit to the Borrower based on this Subsidiary Guaranty until five days after it receives written notice of termination from any Subsidiary Guarantor. Notwithstanding receipt of any such notice, each
Subsidiary Guarantor will continue to be liable to the Lenders for any Guaranteed Obligations created, assumed or committed to prior to the fifth day after receipt of the notice, and all subsequent renewals, extensions, modifications and amendments
with respect to, or substitutions for, all or any part of that Guaranteed Obligations. 

  
 91 

 SECTION 10.09 Taxes. All payments of the Guaranteed Obligations will be made by
each Subsidiary Guarantor free and clear of and without deduction for any Indemnified Taxes or Other Taxes; provided that if any Subsidiary Guarantor shall be required to deduct any Indemnified Taxes or Other Taxes from such payments, then
(i) the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section) the Administrative Agent, Lender or Issuing Bank (as the case may
be) receives an amount equal to the sum it would have received had no such deductions been made, (ii) such Subsidiary Guarantor shall make such deductions and (iii) such Subsidiary Guarantor shall pay the full amount deducted to the
relevant Governmental Authority in accordance with applicable law. 
 SECTION 10.10 Maximum Liability. Each
Subsidiary Guarantor, and by its acceptance of this Subsidiary Guaranty, the Administrative Agent and each other Lender, hereby confirms that it is the intention of all such Persons that this Subsidiary Guaranty and the Guaranteed Obligations of
each Subsidiary Guarantor hereunder not constitute a fraudulent transfer or conveyance for purposes of United States Bankruptcy Code, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar foreign, federal or state
law to the extent applicable to this Subsidiary Guaranty and the Guaranteed Obligations of each Subsidiary Guarantor hereunder. To effectuate the foregoing intention, the Administrative Agent, the other Lenders and the Subsidiary Guarantors hereby
irrevocably agree that if the obligations of any Subsidiary Guarantor under this Subsidiary Guaranty would otherwise be unlawful, avoidable, invalid or unenforceable under such laws on account of the amount of such Subsidiary Guarantor’s
liability under the Subsidiary Guaranty (after giving effect to the right of contribution established in Section 10.11), then the Guaranteed Obligations of such Subsidiary Guarantor under this Subsidiary Guaranty shall, without further action
by the Subsidiary Guarantors, Administrative Agent or Lenders, be automatically limited or reduced to the maximum amount as will result in the Guaranteed Obligations of such Subsidiary Guarantor under this Subsidiary Guaranty that would be lawful,
not subject to avoidance, valid and enforceable under such laws (such maximum amount being the relevant Subsidiary Guarantor’s “Maximum Liability”). Each Subsidiary Guarantor agrees that the Guaranteed Obligations may at any
time and from time to time exceed the Maximum Liability of each Subsidiary Guarantor without impairing this Subsidiary Guaranty or affecting the rights and remedies of the Lenders hereunder, provided that, nothing in this sentence shall be
construed to increase any Subsidiary Guarantor’s obligations hereunder beyond its Maximum Liability. 
 SECTION 10.11
Contribution. In the event any Subsidiary Guarantor (a “Paying Guarantor”) shall make any payment or payments under this Subsidiary Guaranty or shall suffer any loss as a result of any realization upon any collateral granted
by it to secure its obligations under this Subsidiary Guaranty, each other Subsidiary Guarantor (each a “Non-Paying Guarantor”) shall contribute to such Paying Guarantor an amount equal to such Non-Paying Guarantor’s
“Applicable Guarantor Percentage” of such payment or payments made, or losses suffered, by such Paying Guarantor. For purposes of this Article X, each Non-Paying Guarantor’s “Applicable Guarantor Percentage” with
respect to any such payment or loss by a Paying Guarantor shall be determined as of the date on which such payment or loss was made by reference to the ratio of (i) such Non-Paying Guarantor’s Maximum Liability as of such date (without
giving effect to any right to receive, or obligation to make, any contribution hereunder) or, if such Non-Paying Guarantor’s Maximum Liability has not been determined, the aggregate 

  
 92 

 
amount of all monies received by such Non-Paying Guarantor from the Borrower after the Effective Date (whether by loan, capital infusion or by other means (excluding payment for sales in the
ordinary course of business)) to (ii) the aggregate Maximum Liability of all Subsidiary Guarantors hereunder (including such Paying Guarantor) as of such date (without giving effect to any right to receive, or obligation to make, any
contribution hereunder), or to the extent that a Maximum Liability has not been determined for any Subsidiary Guarantor, the aggregate amount of all monies received by such Subsidiary Guarantors from the Borrower after the Effective Date (whether by
loan, capital infusion or by other means(excluding payment for sales in the ordinary course of business)). Nothing in this provision shall affect any Subsidiary Guarantor’s several liability for the entire amount of the Guaranteed Obligations
(up to such Subsidiary Guarantor’s Maximum Liability). Each of the Subsidiary Guarantors covenants and agrees that its right to receive any contribution under this Subsidiary Guaranty from a Non-Paying Guarantor shall be subordinate and junior
in right of payment to the payment in full in cash of the Guaranteed Obligations. This provision is for the benefit of both the Administrative Agent, the Issuing Banks, the Lenders and the Subsidiary Guarantors and may be enforced by any one, or
more, or all of them in accordance with the terms hereof. 
 SECTION 10.12 Liability Cumulative. The liability of
each Loan Party as a Subsidiary Guarantor under this Article X is in addition to and shall be cumulative with all liabilities of each Loan Party to the Administrative Agent, the Issuing Banks and the Lenders under this Agreement and the other
Loan Documents to which such Loan Party is a party or in respect of any obligations or liabilities of the other Loan Parties, without any limitation as to amount, unless the instrument or agreement evidencing or creating such other liability
specifically provides to the contrary. 
 (Signature Page Follows) 

  
 93 

 (Signature Page to Second Amended and Restated Credit
Agreement) 
  

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

							
	 BORROWER:
	 	 WMS INDUSTRIES INC.

			
		 	 By:
	 	 /s/    Brian R. Gamache

		 		 	 Name:
	  	Brian R. Gamache
		 		 	 Title:
	  	Chairman and CEO
		 		 		  	
		 	 By:
	 	 /s/    Scott D. Schweinfurth

		 		 	 Name:
	  	Scott D. Schweinfurth
		 		 	 Title:
	  	 Executive Vice President,

Chief Financial Officer & Treasurer

		 		 		  	
	 OTHER LOAN PARTIES:
	 	 WMS GAMING INC.

			
		 	 By:
	 	 /s/    Scott D. Schweinfurth

		 		 	Scott D. Schweinfurth
		 		 	Executive Vice President,
		 		 	Chief Financial Officer and Treasurer
		 		 	
		 	 WILLIAMS ELECTRONICS GAMES, INC.

			
		 	 By:
	 	 /s/    Scott D. Schweinfurth

		 		 	Scott D. Schweinfurth
		 		 	Executive Vice President,
		 		 	Chief Financial Officer and Treasurer
		 		 	
		 	 WMS FINANCE INC.

			
		 	 By:
	 	 /s/    Scott D. Schweinfurth

		 		 	 Scott D. Schweinfurth
 Executive Vice President,

		 		 	Chief Financial Officer and Treasurer

 (Signature Page to Second Amended and Restated Credit
Agreement) 
  

  
  

							
	OTHER LOAN PARTIES:	 		 	WMS INTERNATIONAL HOLDINGS INC.
				
		 		 	By:	 	/s/    Scott D. Schweinfurth        
		 		 		 	Scott D. Schweinfurth
		 		 		 	 Executive Vice President,

Chief Financial Officer and Treasurer

 (Signature Page to Second Amended and Restated Credit
Agreement) 
  

  
  

							
	 LENDERS:
	 		 	 JPMORGAN CHASE BANK, N.A.,
 individually and as Administrative Agent

				
		 		 	By:	 	/s/    Joseph A. Luna
		 		 		 	Joseph A. Luna
		 		 		 	Senior Vice President

 (Signature Page to Second Amended and Restated Credit
Agreement) 
  

  
  

							
	LENDERS:	 		 	BANK OF AMERICA, N.A.
				
		 		 	By:	 	/s/    Justin Lien        
		 		 		 	Justin Lien
		 		 		 	Senior Vice President

 (Signature Page to Second Amended and Restated Credit
Agreement) 
  

  

							
	LENDERS:	 		 	 WELLS FARGO BANK, NATIONAL
 ASSOCIATION

				
		 		 	By:	 	/s/    Debbie Feutsch         
		 		 		 	Debbie Feutsch
		 		 		 	Senior Vice President

 (Signature Page to Second Amended and Restated Credit
Agreement) 
  

  

							
	LENDERS:	 		 	 KEYBANK, NATIONAL
 ASSOCIATION

				
		 		 	By:	 	/s/     Shibani Faehnle         
		 		 		 	Shibani Faehnle
		 		 		 	Assistant Vice President

 (Signature Page to Second Amended and Restated Credit
Agreement) 
  

  

							
	LENDERS:	 		 	COMPASS BANK
				
		 		 	By:	 	/s/    Nancy Zezza         
		 		 		 	Name: Nancy Zezza
		 		 		 	Title: SVP

 (Signature Page to Second Amended and Restated Credit
Agreement) 
  

  

							
	LENDERS:	 		 	UNION BANK N.A.
				
		 		 	By:	 	/s/    Justin Brauer         
		 		 		 	Name: Justin Brauer
		 		 		 	Title: Vice President

 (Signature Page to Second Amended and Restated Credit
Agreement) 
  

  

							
	LENDERS:	 		 	FIFTH THIRD BANK
				
		 		 	By:	 	/s/    S. Bradley McDougall         
		 		 		 	Name: S. Bradley McDougall
		 		 		 	Title: Vice President

 (Signature Page to Second Amended and Restated Credit
Agreement) 
  

  

							
	LENDERS:	 		 	 PNC BANK, NATIONAL
 ASSOCIATION

				
		 		 	By:	 	/s/    Jon R. Hinard         
		 		 		 	Name: Jon R. Hinard
		 		 		 	Title: Senior Vice President

 EXHIBIT A 

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

2.
        Assignee:                               
                                         
                                   

[and is an Affiliate/Approved Fund of [identify Lender]1] 
 3.
        Borrower(s):                               
                                         
                               

4.         Administrative
Agent:                                        
                                      , as the
administrative agent under the Credit Agreement 
 5.         Credit Agreement: The
Second Amended and Restated Credit Agreement dated as of October 18, 2011 (as amended, restated, supplemented or otherwise modified from time to 

 

	1 	 Select as applicable. 

	

  
 Exhibit A
– Page 1 

 
time) among WMS INDUSTRIES INC., the other Loan Parties, the Lenders parties thereto, JPMORGAN CHASE BANK, N.A., as Administrative Agent, and the other agents parties thereto] 

6.         Assigned Interest: 
  

													
	 Facility Assigned
	  	Aggregate Amount of
Commitment/Loans
for all Lenders	 	  	Amount of
Commitment/Loans
Assigned	 	  	Percentage Assigned
of
Commitment/Loans2	 
				
		  	$	 	  	  	$	 	  	  	 	%	  
				
		  	$	 	  	  	$	 	  	  	 	%	  
				
		  	$	 	  	  	$	 	  	  	 	%	  

 Effective Date: _____________ ___, 20___ [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF
RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 
 The terms set forth in this Assignment and Assumption are hereby agreed
to: 
  

			
	ASSIGNOR
	
	[NAME OF ASSIGNOR]
		
	By:	 	 
	Title:

  

			
	ASSIGNEE
	
	[NAME OF ASSIGNEE]
		
	By:	 	 
	Title:

  

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

  
 Exhibit A
– Page 2 

  

			
	[Consented to and]3 Accepted:
	
	JPMORGAN CHASE BANK, N.A., as Administrative Agent
		
	By:	 	 
	Title:

  

			
	[Consented to:]4
	
	[NAME OF RELEVANT PARTY]
		
	By:	 	 
	Title:

  

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

	4 	 To be added only if the consent of the Borrower and/or other parties (e.g. Swingline Lender, Issuing Bank) is required by the terms of the Credit
Agreement. 

  
 Exhibit A
– Page 3 

 ANNEX 1 
 STANDARD TERMS AND CONDITIONS FOR 
 ASSIGNMENT AND ASSUMPTION

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

1.2. Assignee. The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all
action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it satisfies the requirements, if any, specified in the
Credit Agreement that are required to be satisfied by it in order to acquire the Assigned Interest and become a Lender, (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder
and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it has received a copy of the Credit Agreement, together with copies of the most recent financial statements delivered pursuant to
Section 5.01 thereof, as applicable, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase the Assigned Interest on the
basis of which it has made such analysis and decision independently and without reliance on the Administrative Agent or any other Lender, and (v) if it is a Foreign Lender, attached to the Assignment and Assumption is any documentation required
to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee; and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent, the Assignor or any other
Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with their
terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender. 
 2.
Payments. From and after the Effective Date, the Administrative Agent shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have
accrued to but excluding the Effective Date and to the Assignee for amounts which have accrued from and after the Effective Date. 

  
 Exhibit A
– Page 4 

 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 an electronic image transmitted via electronic mail 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 Illinois. 

  
 Exhibit A
– Page 5 

 EXHIBIT B 

CLOSING DOCUMENT LIST 
 (Attached Hereto) 

 JPMORGAN CHASE BANK, N.A. 

CLOSING CHECKLIST 
 WMS INDUSTRIES INC. 
 AND THE OTHER LOAN PARTIES 

$300,000,000 Revolving Loan Facility 
 CLOSING DATE: October 18, 2011 
 PARTIES TO THE TRANSACTION

  

			
	AGENT:	  	 JPMORGAN CHASE BANK, N.A.
 1201
S. Milwaukee Avenue
 Libertyville, Illinois 60048
 Fax: (847) 816-4210
  
 Attn:
Joseph A. Luna
 Tel: (847) 816-4241

E-mail: joseph.a.luna@chase.com
  

Attn: Anthony P. Lobue
 Tel: (847)
816-4241
 Email: Anthony.p.loubue@jmpchase.com

		
	AGENT’S COUNSEL (“AC”):	  	 Vedder Price, P.C.
 222 North
LaSalle Street, 24th Floor

Chicago, Illinois 60601
 Fax: (312)
609-5005
  
 Attn: Paul R. Hoffman

Tel.: (312) 609-7733
 E-mail:
phoffman@vedderprice.com
  
 Attn: William Daly

Tel: (312) 609-7876
 E-mail:
wdaly@vedderprice.com

  
 Exhibit B
– Page 1 

  

			
		
	BORROWER:	  	WMS INDUSTRIES INC., a Delaware corporation (“Borrower”)
		
	OTHER LOAN PARTIES:	  	WMS GAMING INC., a Delaware corporation (“WMS Gaming”)
		
		  	WILLIAMS ELECTRONICS GAMES INC., a Delaware corporation (“Williams Electronics”)
		
		  	WMS FINANCE INC., a Delaware corporation (“WMS Finance”)
		
		  	WMS INTERNATIONAL HOLDINGS INC., a Delaware corporation (“WMS International”)
		
		  	 c/o WMS INDUSTRIES INC.
 800
South Northpoint Boulevard
 Waukegan, Illinois 60085
 Attn: Scott D. Schweinfurth
 Fax: (847) 785-3790

Email: sschweinfurth@wmsgaming.com

		
		  	 Kathleen McJohn, General Counsel

Fax: (847) 785-3901
 Email:
kmcjohn@wmsgaming.com

		
		  	 McLaurin Hill Files, Assistant General Counsel
 Tel: (847) 785-3995
 Fax: (847) 785-3786
 Email: mfiles@wmsgaming.com

		
	 COUNSEL TO

BORROWER AND OTHER
 LOAN PARTIES
(“BC”):
	  	 GOODSMITH GREGG & UNRUH LLP
 150 S. Wacker Drive, Suite 3150
 Chicago, IL 60606

 
 Kenneth D. Crews
 Tel: (312) 322-1961
 Fax: (312) 322-0056
 E-mail: kcrews@ggulaw.com
  
 Michele Hayes
 E-mail: mhaynes@ggulaw.com

  
 Exhibit B
– Page 2 

  

			
	 A.     Loan Documents
	  	
		
	 1.      Amended and Restated Credit Agreement among Borrower, the other Loan Parties, the Lenders
and Administrative Agent
	  	AC
		
	 (a)    Exhibits:
	  	
	 (i)     Exhibit A—Form of Assignment and Acceptance
	  	AC
	 (ii)    Exhibit B—Form of Document Checklist
	  	AC
	 (iii)  Exhibit C—Form of Compliance Certificate
	  	AC
	 (iv)   Exhibit D—Form of Joinder Agreement
	  	AC
		
	 (b)    Schedules
	  	
	 (i)     Schedule 1.01—Foreign Currency
	  	AC
	 (ii)    Schedule 2.01—Commitments
	  	AC
	 (iii)  Schedule 2.06—Letters of Credit
	  	AC
		
	 (c)    Disclosure Schedules
	  	Borrower
	 (i)     Disclosures Schedules (re: Representations and Warranties)
	  	
	 (ii)    Schedule 3.12—Organizational Chart
	  	
	 (iii)  Schedule 6.01—Existing Indebtedness
	  	
	 (iv)   Schedule 6.02—Existing Liens
	  	
	 (v)    Schedule 6.05—Existing Investment
	  	
		
	 2.      Revolving Note (for those Lenders requesting them)
	  	AC
		
	 (a)    KeyBank $50,000,000
	  	
	 (b)    Compass Bank $50,000,000
	  	
	 (c)    Union Bank $50,000,000
	  	
	 (d)    Fifth Third Bank $30,000,000
	  	
	 (e)    PNC $30,000,000
	  	
		
	 3.      Officer’s Closing Certificate (re closing condition
Section 4.01(g)),
	  	AC
		
	 (a)    together with attached licenses and consents
	  	Borrower
		
	 4.      Borrowing Request
	  	Borrower
		
	 5.      Pay Proceeds Letter
	  	AC/Borrower
		
	 B.     UCC Information
	  	
		
	 6.      UCC, Tax Lien and Judgment Searches
	  	AC

  
 Exhibit B
– Page 3 

  

			
	 C.     Organizational Documents
	  	
		
	 7.      Borrower’s Secretary’s Certificate re:
	  	Borrower
		
	 (a)    Certificate of Incorporation, certified as of a recent date by the Secretary of State of
Delaware
	  	
	 (b)    By-Laws
	  	
	 (c)    Resolutions
	  	
	 (d)    Incumbency
	  	
		
	 8.      WMS Gaming Secretary’s Certificate re:
	  	Borrower
		
	 (a)    Certificate of Incorporation, certified as of a recent date by the Secretary of State of
Delaware
	  	
	 (b)    By-Laws
	  	
	 (c)    Resolutions
	  	
	 (d)    Incumbency
	  	
		
	 9.      Williams Electronics’ Secretary’s Certificate re:
	  	Borrower
		
	 (a)    Certificate of Incorporation, certified as of a recent date by the Secretary of State of
Delaware
	  	
	 (b)    By-Laws
	  	
	 (c)    Resolutions
	  	
	 (d)    Incumbency
	  	
		
	 10.    WMS Finance’s Secretary’s Certificate re:
	  	Borrower
		
	 (a)    Certificate of Incorporation, certified as of a recent date by the Secretary of State of
Delaware
	  	
	 (b)    By-Laws
	  	
	 (c)    Resolutions
	  	
	 (d)    Incumbency
	  	
		
	 11.    WMS International’s Secretary’s Certificate re:
	  	Borrower
		
	 (a)    Certificate of Incorporation, certified as of a recent date by the Secretary of State of
Delaware
	  	
	 (b)    By-Laws
	  	
	 (c)    Resolutions
	  	
	 (d)    Incumbency
	  	
		
	 12.    Good Standing Certificates
	  	Borrower
		
	 (a)    Borrower
	  	
	 (i)     Delaware
	  	
	 (ii)    Illinois
	  	

  
 Exhibit B
– Page 4 

  

			
	 (b)    WMS Gaming
	  	
	 (i)     Delaware
	  	
	 (ii)    Illinois
	  	
		
	 (c)    Williams Electronics
	  	
	 (i)     Delaware
	  	
	 (ii)    Illinois
	  	
		
	 (d)    WMS Finance
	  	
	 (i)     Delaware
	  	
		
	 (e)    WMS International
	  	
	 (i)     Delaware
	  	
		
	 D.     Attorney Opinions
	  	
		
	 13.    Opinions re Loan Documents
	  	BC
		
	 (a)    Goodsmith Gregg & Unruh LLP
	  	
	 (b)    Kathleen McJohn
	  	
	 (c)    Daurean G. Sloan
	  	
		
	 E.     Other
	  	
		
	 14.    Fee Letter
	  	AC
	 15.    Executed Information Certificate, together with the attachments required thereby
	  	Borrower
	 16.    Administrative Questionnaire
	  	
	 17.    Foreign Currency Administrative Questionnaire
	  	

  
 Exhibit B
– Page 5 

 EXHIBIT C 

COMPLIANCE CERTIFICATE 
  

	To:	The Lenders parties to the 

	 	Credit	Agreement Described Below 

 This
Compliance Certificate is furnished pursuant to that certain Second Amended and Restated Credit Agreement dated as of October 18, 2011 (as amended, modified, renewed or extended from time to time, the “Agreement”) among WMS
INDUSTRIES INC. (the “Borrower”), the other Loan Parties, the Lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent for the Lenders and as the Issuing Bank. Unless otherwise defined herein, capitalized terms
used in this Compliance Certificate have the meanings ascribed thereto in the Agreement. 
 THE UNDERSIGNED HEREBY CERTIFIES
THAT: 
 1. I am the duly elected [Insert Title] of the Borrower; 

2. I have reviewed the terms of the Agreement and I have made, or have caused to be made under my supervision, a detailed review of the
transactions and conditions of the Borrower and its Subsidiaries during the accounting period covered by the attached consolidated financial statements [for quarterly financial statements add: and such consolidated financial statements
present fairly in all material respects the financial condition and results of operations of the Borrower and its consolidated Subsidiaries on a consolidated basis in accordance with GAAP consistently applied, subject to normal year-end audit
adjustments and the absence of complete footnotes]; 
 3. The review described in paragraph 2 did not disclose, except as set
forth below, and I have no knowledge of (i) the existence of any condition or event which constitutes an Event of Default during or at the end of the accounting period covered by the attached financial statements or as of the date of this
Certificate or (ii) any change in GAAP or in the application thereof that has occurred since the date of the audited financial statements referred to in Section 3.04 of the Agreement, except as disclosed below; 

4. Schedule I attached hereto sets forth financial data and computations evidencing the Borrower’s compliance with the
covenants contained in Sections 6.01 (clauses (c), (d), (g), (j) and (k)), 6.02(e), 6.05 (clauses (c), (d), (e), (h), (i) and (j)), 6.06(d) and 6.08 of the Agreement, all of which data and computations are true, complete and correct;
and 
 5. Schedule II hereto sets forth the computations necessary to determine the Applicable Rate commencing five
(5) Business Days after the consolidated financial statements attached hereto are delivered to Administrative Agent. 
 6.
Described below are the exceptions, if any, to paragraph 3 by listing, in detail, the (i) nature of the condition or event, the period during which it has existed and the action which the Borrower has taken, is taking, or proposes to take with
respect to each such condition or 

  
 Exhibit C
– Page 1 

 
event or (i) the change in GAAP or the application thereof and the effect of such change on the attached financial statements: 

 
  
  

 
  

 
  

 
 The foregoing certifications,
together with the computations set forth in Schedule I and Schedule II hereto, are made and delivered, and the financial statements delivered with this Certificate in support hereof are delivered, this ___ day of ___________, ________.

  

			
	WMS INDUSTRIES INC.
		
	By:	 	 
	Name:
	Title:

  
 Exhibit C
– Page 2 

 SCHEDULE I 

Compliance as of _________, ____ with 
 Provisions of and of 
 the Agreement 

  
 Exhibit C
– Page 3 

 SCHEDULE II 

Borrower’s Applicable Rate Calculation 

  
 Exhibit C
– Page 4 

 EXHIBIT D 

JOINDER AGREEMENT 
 THIS JOINDER AGREEMENT (this “Agreement”), dated as of __________, ____, 200_, is entered into between ________________________________, a _________________ (the “New
Subsidiary”) and JPMORGAN CHASE BANK, N.A., in its capacity as administrative agent (the “Administrative Agent”) under that certain Second Amended and Restated Credit Agreement, dated as of October 18, 2011
among WMS INDUSTRIES INC. (the “Borrower”), the other Loan Parties party thereto, the Lenders party thereto and the Administrative Agent (as the same may be amended, restated, supplemented or otherwise modified from time to
time, the “Credit Agreement”). All capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Credit Agreement. 
 The New Subsidiary and the Administrative Agent, for the benefit of the Lenders, hereby agree as follows: 
 1. The New Subsidiary hereby acknowledges, agrees and confirms that, by its execution of this Agreement, the New Subsidiary will be deemed to be a Loan Party under the Credit Agreement and a
“Subsidiary Guarantor” for all purposes of the Credit Agreement and shall have all of the obligations of a Loan Party and a Subsidiary Guarantor thereunder as if it had executed the Credit Agreement. The New Subsidiary hereby ratifies, as
of the date hereof, and agrees to be bound by, all of the terms, provisions and conditions contained in the Credit Agreement, including without limitation (a) all of the representations and warranties of the Loan Parties set forth in
Article III of the Credit Agreement, (b) all of the covenants set forth in Articles V and VI of the Credit Agreement and (c) all of the guaranty obligations set forth in Article X of the Credit Agreement. Without limiting the
generality of the foregoing terms of this paragraph 1, the New Subsidiary, subject to the limitations set forth in Section 10.10 of the Credit Agreement, hereby guarantees, jointly and severally with the other Subsidiary Guarantors, to the
Administrative Agent and the Lenders, as provided in Article X of the Credit Agreement, the prompt payment and performance of the Guaranteed Obligations in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration or
otherwise) strictly in accordance with the terms thereof and agrees that if any of the Guaranteed Obligations are not paid or performed in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration or otherwise), the New
Subsidiary will, jointly and severally together with the other Subsidiary Guarantors, promptly pay and perform the same, without any demand or notice whatsoever, and that in the case of any extension of time of payment or renewal of any of the
Guaranteed Obligations, the same will be promptly paid in full when due (whether at extended maturity, as a mandatory prepayment, by acceleration or otherwise) in accordance with the terms of such extension or renewal. 

2. If required, the New Subsidiary is, simultaneously with the execution of this Agreement, executing and delivering such Loan Documents
(and such other documents and instruments) as requested by the Administrative Agent in accordance with the Credit Agreement. 

3. The address of the New Subsidiary for purposes of Section 9.01 of the Credit Agreement is as follows: 

  
 Exhibit D
– Page 1 

 4. The New Subsidiary hereby waives acceptance by the Administrative Agent and the Lenders
of the guaranty by the New Subsidiary upon the execution of this Agreement by the New Subsidiary. 
 5. This Agreement may be
executed in any number of counterparts, each of which when so executed and delivered shall be an original, but all of which shall constitute one and the same instrument. 
 6. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF ILLINOIS. 

IN WITNESS WHEREOF, the New Subsidiary has caused this Agreement to be duly executed by its authorized officer, and the
Administrative Agent, for the benefit of the Lenders, has caused the same to be accepted by its authorized officer, as of the day and year first above written. 

 

			
	[NEW SUBSIDIARY]
		
	By:	 	 
	Name:
	Title:

  

			
	JPMORGAN CHASE BANK, N.A., as Administrative Agent
		
	By:	 	 
	Name:
	Title:

  
 Exhibit D
– Page 2 

 SCHEDULE 1.01 
 FOREIGN CURRENCY ADMINISTRATIVE SCHEDULE 
 GENERAL 

Office of J. P. Morgan Europe Limited (hereinafter, the “Foreign Currency Agent”) for notices/borrowings/payment: 

Loan and Agency Group 
 J. P. Morgan Europe
Limited 
 125 London Wall, London EC2Y 5AJ 
 Tel No: +44 20 7777 2940 
 Fax No: +44 20 7777 2360 

e-mail: loan_and_agency_london@jpmchase.com 

AUSTRALIAN CURRENCY 
 Lenders:

  

			
	Lenders	  	Applicable Office for Notices/Payment
	JPMorgan Chase Bank, N.A.	  	 Notices: To Foreign Currency Agent at address above
 Payment:
 TO: WESTPAC, SYDNEY (WPACAU2F)
 FAVOUR: J.P. MORGAN EUROPE LIMITED (CHASGB22)
 A/C No.: XXXXXXX

	Other Lenders	  	See attached Foreign Currency Administrative Questionnaire

 Borrowings: 
 Funding must be made to the Foreign Currency Agent on the Borrowing Date prior to: 

12 Noon Sydney time 
 Borrower’s account for Borrowings: account to be
designated5 

Payments/Prepayments: 
 Notice
of prepayment must be received by: 
 11 a.m. London 3 Business Days prior to proposed prepayment date 

Minimum amount of each prepayment: 
 Integral multiple of the Dollar Equivalent of $1,000,000 and not less than the Dollar Equivalent of $1,000,000 
 Payments must be made to the Foreign Currency Agent prior to: 
 12 Noon Sydney time

  

	5 	 Note: account must be established before a Foreign Currency borrowing may occur 

  
 Schedule 1.01
– Page 1 

 CANADIAN CURRENCY 
 Lenders: 
  

			
	Lenders	  	Applicable Office for Notices/Payment
	JPMorgan Chase Bank, N.A.	  	 Notices: To Foreign Currency Agent at address above
 Payment:
 TO: Royal Bank of Canada, Toronto (ROYCCAT2)

FAVOUR: J.P. Morgan Europe Limited (CHASGB22)

A/C NO.: XXXXXXX

	Other Lenders	  	See attached Foreign Currency Administrative Questionnaire

 Borrowings: 
 Funding must be made to the Foreign Currency Agent on the Borrowing Date prior to: 

12 Noon London Time 
 Borrower’s account for Borrowings: account to be designated 
 Payments/Prepayments:

 Notice of prepayment must be received by: 
 11 a.m. London time 3 Business Days prior to proposed prepayment date 

Minimum amount of each prepayment: 
 Integral multiple of the Dollar Equivalent of $1,000,000 and not less than the Dollar Equivalent of $1,000,000 
 Payments must be made to the Foreign Currency Agent prior to: 
 12 Noon London Time

 Minimum amount of each prepayment: B integral multiple of the Dollar Equivalent of $1,000,000 and not less than the Dollar Equivalent of
$1,000,000 
 CURRENCY OF THE UNITED KINGDOM 
 Lenders: 
  

			
	Lenders	  	Applicable Office for Notices/Payment
	JPMorgan Chase Bank, N.A.	  	 Notices: To Foreign Currency Agent at address above
 Payment:
 TO: J.P. MORGAN EUROPE LIMITED (CHASGB22)

A/C NO.: XXXXXXX
 SORT CODE: XXXXXXX

IBAN: XXXXXXX

	Other Lenders	  	See attached Foreign Currency Administrative Questionnaire

  
 Schedule 1.01
– Page 2 

 Borrowings: 
 Funding must be made to the Foreign Currency Agent on the Borrowing Date prior to: 

12 Noon London Time 
 Borrower’s account for Borrowings: account to be designated 
 Payments/Prepayments:

 Notice of prepayment must be received by: 
 11 a.m. London Time 3 Business Days prior to proposed prepayment date 

Minimum amount of each prepayment: 
 Integral multiple of the Dollar Equivalent of $1,000,000 and not less than the Dollar Equivalent of $1,000,000 
 Payments must be made to the Foreign Currency Agent prior to: 
 12 Noon London Time

 EURO 

Lenders: 
  

			
	Lenders	  	Applicable Office for Notices/Payment
	JPMorgan Chase Bank, N.A.	  	 Notices: To Foreign Currency Agent at address above
 Payment:
 TO: J.P. MORGAN AG, FRANKFURT (CHASDEFX)

FAVOUR: J.P. MORGAN EUROPE LIMITED (CHASGB22)

A/C NO.: XXXXXXX

	Other Lenders	  	See attached Foreign Currency Administrative Questionnaire

 Borrowings: 
 Funding must be made to the Foreign Currency Agent on the Borrowing Date prior to: 

12 Noon London Time 
 Borrower’s account for Borrowings: account to be designated 
 Payments/Prepayments:

 Notice of prepayment must be received by: 
 11 a.m. London Time 3 Business Days prior to proposed prepayment date 

Minimum amount of each prepayment: 

  
 Schedule 1.01
– Page 3 

 Integral multiple of the Dollar Equivalent of $1,000,000 and not less than the Dollar
Equivalent of $1,000,000 
 Payments must be made to the Foreign Currency Agent prior to: 

12 Noon London Time 

  
 Schedule 1.01
– Page 4 

 SCHEDULE 2.01 
 COMMITMENTS 
  

									
	 Lender
	  	Commitment Amount	 	  	Applicable Percentages	 
	 JPMorgan Chase Bank, N.A.
	  	$	70,000,000	  	  	 	17.5	% 
			
	 Bank of America, N.A.
	  	$	70,000,000	  	  	 	17.5	% 
			
	 Key Bank, N.A.
	  	$	50,000,000	  	  	 	12.5	% 
			
	 Wells Fargo Bank, National Association
	  	$	50,000,000	  	  	 	12.5	% 
			
	 Compass Bank
	  	$	50,000,000	  	  	 	12.5	% 
			
	 Union Bank
	  	$	50,000,000	  	  	 	12.5	% 
			
	 Fifth Third Bank
	  	$	30,000,000	  	  	 	7.5	% 
			
	 PNC Bank, N.A.
	  	$	30,000,000	  	  	 	7.5	% 
			
	 TOTALS
	  	$	400,000,000.00	  	  	 	100	% 

  
 Schedule 2.01
– Page 1 

 SCHEDULE 2.06 
 EXISTING LETTERS OF CREDIT 
  

											
	 Issuer
	  	Letter of Credit No.	 	  	Amount	 	  	Beneficiary
				
	 JPMorgan Chase Bank, N.A.
	  	 	S-262367	  	  	$	200,000	  	  	WMS Industries Inc.
				
	 JPMorgan Chase Bank, N.A.
	  	 	S-615402	  	  	$	231,927.30	  	  	WMS Industries Inc.
				
	 JPMorgan Chase Bank, N.A.
	  	 	S-661585	  	  	$	125,000.00	  	  	WMS Industries Inc.
				
	 JPMorgan Chase Bank, N.A.
	  	 	S-835814	  	  	$	24,300.00	  	  	WMS Industries Inc.
				
	 JPMorgan Chase Bank, N.A.
	  	 	S-840375	  	  	$	100,000.00	  	  	WMS Industries Inc.

  
 Schedule 2.06
– Page 1

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