Document:

EX-10.3

  Exhibit 10.3

   

  1265 MAIN STREET 
WALTHAM, MASSACHUSETTS

   

   

  I N D E X  T O  L E A S E

  FROM

   

  1265 MAIN OFFICE SUBSIDIARY LLC

  TO

  CLARKS AMERICAS, INC.

   

   

   

  1265 Main Street Clarks Americas Lease

  

  TABLE OF CONTENTS

   

  			
	ARTICLE I Basic Lease Provisions and Enumerations of Exhibits
	1

	1.1
	Introduction
	1

	1.2
	Basic Data
	1

	1.3
	Enumeration of Exhibits
	5

	ARTICLE II Premises
	7

	2.1
	Demise and Lease of Premises
	7

	2.2
	Appurtenant Rights and Reservations
	10

	2.3
	Outdoor Terrace
	12

	2.4
	Rooftop Terrace
	14

	2.5
	Tenant's Telecommunications Equipment
	15

	ARTICLE III Lease Term and Extension Options
	17

	3.1
	Term
	18

	3.2
	Extension Option
	18

	ARTICLE IV Condition of Premises; Alterations
	19

	4.1
	Preparation of Premises
	19

	ARTICLE V Annual Fixed Rent and Electricity
	19

	5.1
	Fixed Rent
	19

	5.2
	Utility Charges
	20

	ARTICLE VI Taxes
	 
	21

	6.1
	Definitions
	21

	6.2
	Tenant's Payment of Real Estate Taxes
	23

	ARTICLE VII Landlord's Repairs and Services and Tenant's Escalation Payments
	24

	7.1
	Structural Repairs
	24

	7.2
	Other Repairs to be Made by Landlord
	24

	7.3
	Services to be Provided by Landlord
	25

	7.4
	Operating Costs Defined
	26

	7.5
	Tenant's Operating Expense Payments
	32

	7.6
	Tenant's Audit Right
	34

	7.7
	No Damage
	36

	7.8
	Hazardous Materials
	39

	ARTICLE VIII Tenant's Repairs
	40

	8.1
	Tenant's Repairs and Maintenance
	40

	ARTICLE IX Alterations
	41

	9.1
	Landlord's Approval
	41

	9.2
	Conformity of Work
	44

	9.3
	Performance of Work, Governmental Permits and Insurance
	44

	9.4
	Liens
	45

	9.5
	Nature of Alterations
	46

   

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	9.6
	Increases in Taxes
	46

	9.7
	Alterations Permitted Without Landlord's Consent
	47

	9.8
	Emergency Generator
	47

	ARTICLE X Parking
	49

	10.1
	Parking Rights
	50

	10.2
	Parking Operations
	51

	10.3
	Limitations
	52

	ARTICLE XI Certain Tenant Covenants
	52

	ARTICLE XII Assignment and Subletting
	58

	12.1
	Restrictions on Transfer
	58

	12.2
	Tenant's Notice
	58

	12.3
	Landlord's Termination Right
	59

	12.4
	Consent of Landlord
	60

	12.5
	Exceptions
	62

	12.6
	Profit on Subleasing or Assignment
	62

	12.7
	Additional Conditions
	63

	12.8
	Permitted Occupants
	65

	ARTICLE XIII Indemnity and Insurance
	65

	13.1
	Tenant's Indemnity
	65

	13.2
	Tenant's Risk
	67

	13.3
	Tenant's Commercial General Liability Insurance
	67

	13.4
	Tenant's Property Insurance
	68

	13.5
	Tenant's Other Insurance
	68

	13.6
	Requirements for Tenant's Insurance
	69

	13.7
	Additional Insureds
	70

	13.8
	Certificates of Insurance
	70

	13.9
	Subtenants and Other Occupants
	70

	13.10
	No Violation of Building Policies
	71

	13.11
	Tenant to Pay Premium Increases
	71

	13.12
	Landlord's Insurance
	71

	13.13
	Waiver of Subrogation
	72

	13.14
	Tenant's Work
	73

	13.15
	Landlord's Indemnity
	73

	ARTICLE XIV Fire, Casualty and Taking
	74

	14.1
	Damage Resulting from Casualty
	74

	14.2
	Uninsured Casualty
	76

	14.3
	Rights of Termination for Taking
	76

	14.4
	Award
	77

	ARTICLE XV Default
	78

	15.1
	Tenant's Default
	78

	15.2
	Termination; Re-Entry
	79

	15.3
	Continued Liability; Re-Letting
	80

   

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	15.4
	Liquidated Damages
	81

	15.5
	Waiver of Redemption
	82

	15.6
	Landlord's Default
	82

	ARTICLE XVI Miscellaneous Provisions
	82

	16.1
	Waiver
	82

	16.2
	Cumulative Remedies
	83

	16.3
	Quiet Enjoyment
	83

	16.4
	Surrender
	84

	16.5
	Brokerage
	84

	16.6
	Invalidity of Particular Provisions
	85

	16.7
	Provisions Binding, Etc
	85

	16.8
	Recording; Confidentiality
	85

	16.9
	Notices and Time for Action
	86

	16.10
	When Lease Becomes Binding and Authority
	87

	16.11
	Paragraph Headings
	87

	16.12
	Rights of Mortgagee
	87

	16.13
	Rights of Ground Lessor
	88

	16.14
	Notice to Mortgagee and Ground Lessor
	88

	16.15
	Assignment of Rents
	89

	16.16
	Status Report and Financial Statements
	90

	16.17
	Self-Help
	91

	16.18
	Holding Over
	92

	16.19
	Entry by Landlord
	93

	16.20
	Tenant's Payments
	93

	16.21
	Late Payment
	94

	16.22
	Counterparts
	95

	16.23
	Entire Agreement
	95

	16.24
	Limitation of Liability
	95

	16.25
	No Partnership
	96

	16.26
	Governing Law
	96

	16.27
	Payment of Litigation Expenses
	96

	16.28
	Waiver of Trial by Jury
	96

	16.29
	Guaranty
	96

	16.30
	Waiver of Landlord's Lien
	97

	16.31
	Name, Address and Brand of Building
	97

	ARTICLE XVII Tenant Signage
	97

	17.1
	Definitions
	97

	17.2
	Signage
	99

	ARTICLE XVIII EXPANSION OPTIONS
	102

	18.1
	Expansion Option
	102

   

   

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  1265 Main Street Clarks Americas, Inc. Lease

  

  1265 MAIN STREET 
WALTHAM, MASSACHUSETTS

  THIS INSTRUMENT IS AN INDENTURE OF LEASE in which the Landlord and the Tenant are the parties hereinafter named, and which relates to space in the building located at and currently known as 1265 Main Street, Waltham, Massachusetts. 

  The parties to this instrument hereby agree with each other as follows: 

  ARTICLE I

  Basic Lease Provisions and Enumerations of Exhibits

  1.1 	Introduction 

  The following sets forth the basic data and identifying Exhibits elsewhere hereinafter referred to in this Lease, and, where appropriate, constitute definitions of the terms hereinafter listed. 

  1.2 	Basic Data 

   

   

  		
	Execution Date:
	April 30,2015

	Landlord:
	1265 Main Office Subsidiary LLC, a
Delaware limited liability company

	 
	 

	Present Mailing Address of Landlord:
	c/o Boston Properties Limited Partnership
Prudential Center
800 Boylston Street, Suite 1900
Boston, Massachusetts 02199-8103

	 

	 

	 

	Landlord's Construction Representative:
	Ben Lavery and Jon Randall

	Tenant's Construction Representative:
	Elizabeth Spath and Al Woods

	Tenant:
	Clarks Americas, Inc., a Delaware

	 
	corporation

	Present Mailing Address of Tenant:
	156 Oak Street, Newton, Massachusetts

	 
	02464, Attn: General Counsel

	 
	With a copy to:

	 
	Eric R. Allon, Esquire

   

   

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	Bemkopf Goodman LLP

	 
	Two Seaport Lane, 9th  Floor

	 
	Boston, MA 02210

	Estimated Commencement Date:
	March 1,2016

	Estimated Rent Commencement Date:
	October 1,2016

	
Term or Lease Term: (sometimes called the "Original Lease Term")
	
The period commencing on the Commencement Date and ending on the last day of the one hundred eightieth (180th) full calendar month immediately following the Rent Commencement Date ("Expiration Date"), unless extended or sooner terminated as provided in this Lease. The parties estimate, based upon the Estimated Rent Commencement Date, that the Expiration Date would be September 30, 2031.

	Extension Option:
	One period of ten (10) years as provided in and on the terms set forth in Section 3.2 hereof.

	Lease Year:
	For purposes hereof, "Lease Year" shall mean each consecutive twelve (12) month period beginning on the Rent Commencement Date or an anniversary of the Rent Commencement Date, provided, however, that (i) the first Lease Year shall include the period from the Commencement Date through the Rent Commencement Date (notwithstanding that this will result in a Lease Year containing more than twelve (12) months) and (ii) if the Rent Commencement Date does not fall on the first day of a calendar month, then the first Lease Year shall begin on the Commencement Date and end on the last day of the month containing the first anniversary of the Rent Commencement Date, and each succeeding Lease Year shall begin on the day following the expiration of the prior Lease Year.

	Commencement Date:
	As defined in Section 3.1 of this Lease and

   

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	Section 1.0 of Exhibit B.

	Rent Commencement Date:
	The later of (i) October 1, 2016, (ii) the date which is seven (7) months following the Commencement Date, or (iii) the date which is four (4) months following the Interim Condition Completion Date (as defined in Exhibit B), or (iv) the Substantial Completion Date (as defined in Exhibit B attached hereto).

	Premises:
	The entire interior rentable area of the Building which includes both (i) approximately 114,969 square feet of occupied space (the "Primary Premises"), and (ii) approximately 5,000 square feet on the first (1st) level of the Building (the "Storage Space") all as shown on the floor plans annexed hereto as Exhibit D and incorporated herein by reference.

	Rentable Floor Area of the Premises:
	119,969 square feet, consisting of approximately 114,969 square feet of Rentable Floor Area of the Primary Premises and approximately 5,000 square feet of Rentable Floor Area of the Storage Space.

	Number of Parking Spaces:
	To be provided at the rate of 4.0 spaces per 1,000 of Rentable Floor Area of the Primary Premises, subject to the terms and conditions of Article X below.

	Annual Fixed Rent for the Premises:
	(a) During the Original Lease Term at the following annual amounts:

	 
	(i) With respect to the Primary Premises, during the period commencing on the Rent Commencement Date and continuing through the Expiration Date, the annual amount of $3,793,977.00 (being equal to the product of (x) $33.00 and (y) the Rentable Floor Area of the Primary Premises); and

	 
	(ii) With respect to the Storage Space,

   

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	during the period commencing on the

	 
	Rent Commencement Date and

	 
	continuing through the Expiration Date,

	 
	the annual amount of $75,000.00 being

	 
	equal to the product of (x) $15.00 and

	 
	(y) the Rentable Floor Area of the

	 
	Storage Space);

	 
	(b) During the extension option period (if

	 
	exercised), as determined pursuant to

	 
	Section 3.2.

	Tenant Utilities:
	See Section 5.2

	Additional Rent:
	All charges and other sums payable by

	 
	Tenant as set forth in this Lease, in addition

	 
	to Annual Fixed Rent.

	Total Rentable Floor Area of the
	119,969 square feet.

	Building:
	 

	Building:
	The three -story building to be redeveloped

	 
	and renovated by Landlord pursuant to

	 
	Exhibit B to this Lease on the land located

	 
	at and currently numbered 1265 Main

	 
	Street, Waltham, Massachusetts and

	 
	located in the Complex (as hereinafter

	 
	defined), subject to the terms of this Lease.

	Overlease:
	A certain ground lease between 1265 Main

	 
	Street LLC (with its successors and

	 
	assigns, "Overlandlord") as landlord and

	 
	Landlord as tenant.

	The Property:
	The land identified as Lot 2-1 on the plan

	 
	attached hereto as Exhibit A-2 together

	 
	with the Building, the covered and surface

	 
	parking areas, terraces, and all common

	 
	areas and other buildings and

	 
	improvements now or hereafter constructed

	 
	thereon, subject to the terms and conditions

	 
	of this Lease.

	Complex:
	That certain development project known as

	 
	"1265 Main" in Waltham, Massachusetts,

	 
	containing the Property and the additional

	 
	parcels of land and buildings shown on the

   

   

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  1265 Main Street Clarks Americas, Inc. Lease

   

  

  					
	 
	site plan attached hereto as Exhibit A-l.

	Permitted Use:
	General offices and, on an accessory basis,

	 
	storage and, in an area not to exceed 2,500

	 
	rentable square feet, a design and

	 
	fabrication workshop for footwear and

	 
	footwear molds in connection with

	 
	Tenant's business, together with other

	 
	lawful uses ancillary to Tenant's business

	 
	operations as may from time to time be

	 
	permitted under the Zoning By-Law of the

	 
	City of Waltham (as hereinafter defined)

	 
	and consistent with the types of uses

	 
	generally found in first-class office

	 
	buildings in the Route 128 West, Class A

	 
	Market (the "Market Area"). In no event

	 
	shall Tenant use the Premises, the Building

	 
	or any portion of the Property for any retail

	 
	use (exclusive of an employee-only or

	 
	invite-only store in the Premises that is not

	 
	open to general public).

	Complex Owner:
	Each owner of record or tenant under a

	 
	ground lease, from time to time, of all or

	 
	any portion of the Complex.

	Guarantor:
	C&J Clark Limited, a company

	 
	incorporated and registered in England and

	 
	Wales with company number 3314066

	Declaration:
	That certain Declaration of Covenants,

	 
	Easements and Restrictions dated as of

	 
	 
	 
	and recorded with the

	 
	Middlesex South County Registry of Deeds

	 
	in Book
	 
	Page     , as the same

	 
	may be amended from time to time subject

	 
	to and in accordance with the applicable

	 
	provisions of this Lease and the Overlease

	 
	SNDA.
	 

	Broker:
	DTZ (successor by merger to Cassidy

	 
	Turley)
	 

   

  1.3  Enumeration of Exhibits

   

   

   

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  The following Exhibits attached hereto are a part of this Lease, are incorporated herein by reference, and are to be treated as a part of this Lease for all purposes. Undertakings contained in such Exhibits are agreements on the part of Landlord and Tenant, as the case may be, to perform the obligations stated therein to be performed by Landlord and Tenant, as and where stipulated therein. 

   

   

  			
	Exhibit A-l
	--
	Site Plan of the Complex

	Exhibit A-2
	--
	Plan of the Property

	Exhibit B
	--
	Work Agreement

	Exhibit C
	--
	Landlord's Services

	Exhibit D
	--
	Floor Plans of the Premises

	Exhibit E
	--
	Form of Declaration Affixing the Commencement Date of Lease

	Exhibit F
	--
	Intentionally Omitted

	Exhibit G
	--
	Forms of Lien Waivers

	Exhibit H
	--
	Broker Determination of Prevailing Market Rent

	Exhibit I
	--
	List of Mortgages

	Exhibit J
	--
	Form of Certificate of Insurance

	Exhibit K-l
	--
	Building Signage

	Exhibit K-2
	--
	Monument Signage

	Exhibit L
	--
	Form of Notice of Lease

	Exhibit M
	--
	Location of Outdoor Terrace Area

	Exhibit N
	--
	Form of Guaranty

	Exhibit O
	--
	Fixed Rent Premium for Newton Lease

	Exhibit P
	--
	Rooftop Terrace Specifications and Costs

	Exhibit Q
	--
	Form of Overlease SNDA

	Exhibit R
	--
	Plan Showing Protected View Corridor

	Exhibit S
	--
	Schedule of Tenant's Hazardous Materials

   

   

   

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  ARTICLE II

  Premises

  2.1	Demise and Lease of Premises

  Landlord hereby demises and leases to Tenant, and Tenant hereby hires and accepts from Landlord, the Premises in the Building together with the appurtenant rights expressly set forth in and subject to the terms and conditions of this Lease. The Premises exclude the exterior walls and exterior windows (except the inner surfaces thereof), floor slabs, load bearing elements, foundations, columns and other structural elements of the Building, the roof and roof membrane, the exterior areas of the Property (except to the extent subject to Tenant’s right to exclusive and non-exclusive use thereof as expressly set forth herein), the Common Areas of the Property (as defined in Section 2.2) and the Common Elements (as defined in the Declaration) of the Complex. Subject to the terms of this Lease, Landlord expressly reserves the right to access and use, as reasonably necessary for Landlord to perform Landlord’s obligations under this Lease and to preserve Landlord’s interest in and to the Building, the roof, loading areas, fan rooms, janitorial, electrical, telephone and telecommunications closets, elevators, stairways, conduits, risers, shafts, plenum spaces and mechanical rooms, electric and telephone closets, janitor closets, and pipes, ducts, shafts, conduits, wires and appurtenant fixtures in and serving the Building and the Building systems. Subject to the terms of this Lease, Landlord expressly reserves the right to obtain, grant, enter into and execute any easements, restrictions, covenants, conditions, licenses, permits, approvals, declarations and other agreements affecting the Property which are reasonably necessary in connection with the permitting and development of the Property and the Complex, including the Additional Improvements (as hereinafter defined) and/or in connection with obtaining the Complex Approvals.

  This Lease is subject and subordinate to the Declaration, and to all renewals, modifications, replacements and extensions of such Declaration. Notwithstanding the foregoing, except (x) as required to comply with applicable Legal Requirements or Landlord’s express obligations under this Lease, and/or (y) with respect to standard utility and access easements, so long as this Lease is in full force and effect and has not been terminated and Tenant satisfies the Leasing Threshold, Tenant’s rights under this Lease shall not be subject or subordinate to any amendments or modifications to or replacements of the Declaration entered into by Landlord after the Execution Date which would or is likely to have a Tenant Adverse Impact (as hereinafter defined), unless Tenant has consented to any such amendment, modification or replacement, such consent not to be unreasonably withheld or delayed. Notwithstanding the foregoing, in the event of a direct conflict between the terms and conditions of this Lease and the provisions of the Declaration, the provisions of this Lease shall control with respect to the Property.

  Landlord and Tenant acknowledge and agree that the Building, parking facilities and other site improvements will be constructed by Landlord as part of Landlord’s Work pursuant to the terms and conditions of Exhibit B. Overlandlord and/or Master Developer (as defined in the Declaration) has the right (but not the obligation) at any time during the Lease Term to construct additional buildings and other improvements at the

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  1265 Main Street Clarks Americas, Inc. Lease

   

  

  Complex (the “Additional Improvements”) in one or more additional phases of developing the Complex pursuant to the applicable permits and approvals for the Complex (the “Complex Approvals”) and, in connection therewith, to alter, reconfigure, relocate or terminate existing ingress and egress routes to the Property and the Complex so long as, in the exercise of such rights affecting the Property, there is no Tenant Adverse Impact. As a material inducement to Landlord to enter into this Lease, Tenant acknowledges and expressly agrees that Landlord, Overlandlord and/or other third parties shall have the right (but without any obligation so to do) to complete and construct the Additional Improvements, such ongoing construction may result in noise, dust, vibrations and other construction related disturbances and the construction of the Additional Improvements pursuant to the Complex Approvals during the Lease Term and while Tenant is in occupancy of the Premises shall not be considered an eviction, actual or constructive, of Tenant from the Premises and shall not entitle Tenant to terminate this Lease or to an abatement of any Annual Fixed Rent or Additional Rent payable hereunder. Tenant has entered into this Lease and agreed to perform the obligations of Tenant hereunder with knowledge of the on-going performance of the Additional Improvements. If and to the extent the Additional Improvements are being performed on the Property, Landlord shall, in its conduct of construction activities at the Property and performance of the Additional Improvements, exercise commercially reasonable efforts (in light of the construction activities being performed) to minimize unreasonable interference with Tenant’s use of or access to the Premises pursuant to this Lease and to implement reasonable construction measures and procedures to mitigate dust and noise to the extent commercially feasible provided that such efforts and measures shall not require Landlord to perform the Additional Improvements outside of normal building hours or at material additional cost to Landlord. Nothing in this Section 2.1 shall be deemed to limit or postpone Tenant’s express rights under Section 7.7 of this Lease.

  Notwithstanding the foregoing, except (x) as required to comply with applicable Legal Requirements or Landlord’s express obligations under this Lease, (y) with respect to standard utility and access easements, including standard utility installations, and/or (z) in connection with Landlord’s construction obligations in connection with Tenant’s exercise of its rights under Article XVIII, so long as this Lease is in full force and effect and has not been terminated and Tenant satisfies the Leasing Threshold, Landlord shall not (i) perform any alterations or improvements to or installations on the exterior facade or entrances to the Building or expand the area of the Building which would or would reasonably be anticipated to have a Tenant Adverse Impact, or (ii) perform any alterations, installations or improvements to the Property or grant or enter into any easements, covenants, conditions, restrictions, licenses, declarations and other similar agreements affecting the Property or any amendments or modifications to any such existing agreements which would or would reasonably be anticipated to have a Tenant Adverse Impact; in any event, without first obtaining Tenant’s prior written consent, such consent not to be unreasonably withheld or delayed.

  For purposes of this Lease, in order for an alteration, installation, improvement, easement, covenant, condition, restriction, license, declaration or an amendment, modification or replacement of the Declaration to have a “Tenant Adverse Impact” it would or would reasonably be anticipated to (i) increase the Taxes payable by Tenant 

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  1265 Main Street Clarks Americas, Inc. Lease

   

  

  under the Lease by more than a de minimis extent, (ii) provide for the installation of any improvement or structure (other than landscaping elements required by Legal Requirements and temporary scaffolding during the course of repairs or renovations to the Building) within the area outlined on Exhibit R attached to this Lease as the “Protected View Corridor”, if such improvement or structure would materially obstruct the visibility of the Building from Route 128, (iii) reduce the size of or otherwise alter (by more than a de minimis extent) the Outdoor Terrace Area (as hereinafter defined) or the Rooftop Terrace (as hereinafter defined), (iv) materially adversely affect the utility facilities serving the Building, (v) subject to Landlord’s reserved right under Section 10.1, materially adversely affect Tenant’s right to access and use the loading dock of the Building or the parking areas in “Area A” on the Property and/or the Off Premises Spaces in accordance with and subject to the terms and conditions of Section 10.1 below, (vi) except in connection with Tenant’s exercise of the expansion option under Article XVIII of this Lease, reduce the parking spaces in “Area B” shown on the site plan attached hereto as Exhibit A-l (the “Site Plan”) (except a temporary basis in connection with Future Road Infrastructure (as hereinafter defined)) or the covered parking spaces beneath the Building reserved for Tenant’s exclusive use pursuant to Section 10.1 of this Lease, (vii) result in the elimination of either of the access roads shown as Hillside Drive or Border Road on the Site Plan (it being acknowledged and agreed that Hillside Drive and Border Road may nonetheless be modified, realigned, changed and/or relocated so long as any such modification, realignment, change and/or relocation provides reasonably equivalent access to the Building and, with respect to Hillside Drive, the “Area A” parking area), or (viii) result in Tenant not having any pylon signage identity of any kind on Main Street. The foregoing restrictions (including the Protected View Corridor) shall not apply to, and a Tenant Adverse Impact will not be deemed to exist with respect to, the installation of reasonably sized directional or wayfinding signage for other tenants of the Complex in reasonable locations on or about the Property from time to time and consistent with the style and design of tenant signage at the Complex so long as any such sign does not exceed 6 feet in height. Tenant acknowledges and agrees that, during the Lease Term, the common roadways providing access to the Property and the Complex and shown on the Site Plan may, in connection with future development at the Complex and future state highway infrastructure changes and improvements, be modified, realigned, changed and/or relocated during the Term, including the potential conversion of a portion of Tower Road and adjacent property for use as an on-ramp to Route 95/128 (collectively, “Future Road Infrastructure”) and such Future Road Infrastructure and easements granted in connection therewith will not be deemed to constitute a Tenant Adverse Impact so long as Hillside Road and Border Road are not eliminated.

  For purposes of this Lease, the “Leasing Threshold” shall mean that Tenant directly leases from Landlord at. least 80,000 square feet of rentable floor area in the Building (exclusive of the Storage Space) and has not assigned this Lease (except for an assignment under Section 12.5 below).

  The parties acknowledge that the street address of the Property may change in connection with the development of the Property, in which case, Landlord will promptly notify Tenant of such address change.

   

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  2.1.1 Storage Space

  The Storage Space will be included in the Premises for all purposes of this Lease except that the Annual Fixed Rent for the Storage Space during the Original Lease Term shall be the Annual Fixed Rent set forth in Section 1.2 of this Lease for the Storage Space and during the extension option period, if exercised, the Annual Fixed Rent for the Storage Space shall be as determined pursuant to Section 3.2. Landlord shall not be required to perform any leasehold improvements, alterations or any other work, pay any Landlord’s contribution or grant any work allowance or any other amount, or render any services to make Storage Space ready for Tenant’s use or occupancy except as otherwise expressly set forth in Exhibit B attached hereto. Landlord shall not be required to provide any of the services set forth on Exhibit C attached to this Lease to the Storage Space, except that Landlord will provide convenience electrical outlets (not to exceed five (5) outlets) and HVAC service to the Storage Space. Tenant may use the Storage Space solely for storage use in connection with and accessory to its use of the Primary Premises and the Storage Space shall not be used for general office use, retail use or other Permitted Use or for the storage of any Hazardous Materials.

  2.2	Appurtenant Rights and Reservations

  (A)	Subject to Landlord’s right to change or alter any of the following in its commercially reasonable discretion as herein provided and subject to the terms and conditions of this Lease, Tenant shall have, as appurtenant to the Premises, the nonexclusive right to use and to permit Tenant’s invitees (as appropriate, given the nature of their business at the Premises) to use in common with others, but not in a manner or extent that would materially interfere with the normal operation and use of the Property and subject to commercially reasonable rules from time to time made by Landlord of which Tenant is given notice (the “Rules and Regulations”): (a) the walkways, roadways and driveways on the Property necessary for access to the Building and the parking facilities thereon and the landscaped areas of the Property (the “Common Areas”), provided, however, all vehicles accessing the Property for shipping or delivery purposes shall use only the roadway marked as “Hillside Drive” on Exhibit A-l attached hereto as the primary means of access to and egress from the Property, and (b) the Common Elements (as defined in and governed by the Declaration) as Overlandlord or another Complex Owner makes the same available from time to time to tenants of the Complex, provided, however, that Tenant’s right under this Lease to permit Tenant’s employees, agents, contractors and invitees to access and park in the parking areas and facilities of the Complex outside of the Property in connection with Tenant’s use and occupancy of the Building shall be limited to Tenant’s express parking rights set forth in Section 10.1 below; and no other appurtenant rights and easements. Tenant, in common with Landlord and others entitled thereto, shall have the benefit of the easements running in favor of the Property set forth in the Declaration subject to the terms and conditions of the Declaration and to reasonable rules and regulations of general applicability to tenants of the Complex from time to time made by Master Developer of which Tenant is given notice. Landlord may modify, amend, supplement or change the Rules and Regulation from time to time upon reasonable prior notice (except in the event of an emergency) to

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  Tenant and provided that, except if required in connection with applicable Legal Requirements, in no event shall any new or amended Rules and Regulations be inconsistent with Tenant’s rights under this Lease and in the event of any conflict between the terms and conditions of this Lease and the Rules and Regulations, the provisions of this Lease shall control.

  (B)	Tenant shall be permitted reasonable access to and use of the risers, conduits and shafts in the Building (to the extent available and not being used for operation of the Building) required for Tenant to run electrical and telecommunications conduits or cable for the Premises. Notwithstanding anything to the contrary herein, Landlord has no obligation to allow any particular telecommunication service provider to have access to the Building or to the Premises except as may be required by applicable law and except that Landlord will not unreasonably withhold, condition or delay its approval of any telecommunications provider designated by Tenant to service the Premises. As of the date of this Lease and subject to Landlord’s rights under this Lease, Landlord approves AT&T, Verizon, Comcast, Lync, and Shortel as telecommunications providers in the Building. Landlord may condition such access upon the service provider entering into Landlord’s standard form of license agreement for service providers providing telecommunications services in its buildings. Tenant shall be responsible to pay and all costs to provide telecommunications service to the Premises.

  (C)	Landlord reserves for its benefit the right, as reasonably necessary for Landlord to perform Landlord’s obligations under this Lease and to preserve Landlord’s interest in and to the Building, from time to time, without unreasonable interference with Tenant’s use and upon reasonable prior notice to Tenant (except in the event of an emergency): (a) to install, use, maintain, repair, replace and relocate for services to the Premises and other parts of the Building, pipes, ducts, conduits, wires and appurtenant fixtures, wherever located in the Premises or the Building, and (b) to alter or relocate any such facilities, provided that substitutions are substantially equivalent or better. Installations, replacements and relocations referred to in clause (a) above shall be located so far as practicable in the central core area of the Building, above ceiling surfaces, below floor surfaces or within perimeter walls of the Premises, provided that, except to the extent required by Legal Requirements, (i) such items do not adversely affect the first class appearance or usefulness of the Premises, (ii) no such work shall result in material changes in entrance doors to the Premises without Tenant’s express consent, and (iii) no such work shall reduce the usable area of the Premises (other than to a de minimis extent) or increase Tenant’s obligations (other than to a de minimis extent) or Tenant’s liabilities under this Lease. Except in the case of emergencies or for normal cleaning and maintenance operations, Landlord agrees, with respect to any of the foregoing activities which require work in or access to the Premises, to use all reasonable efforts to give Tenant reasonable advance notice of such work and to perform the same at such times and in such manner, after consultation with Tenant, as to minimize interference with Tenant’s use of the Premises.

  (D)	Subject to the provisions and limitations set forth in Section 2.1 of this Lease and Tenant’s express rights under this Lease, including, without limitation, Tenant’s rights under Section 10.1 of this Lease, Landlord reserves all rights of ownership and use in all 

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  respects of areas outside of the Premises on the Property and the right to change and rearrange, increase or reduce the Property and other Common Areas, and to change, relocate and eliminate facilities therein, to erect new buildings thereon, to permit the use of or lease all or part thereof and to sell, lease or dedicate all or part thereof to public use; and further that Landlord shall have the right to make changes in, additions to and eliminations from the Property so long as such changes, additions or limitations do not have a Tenant Adverse Impact.

  2.3	Outdoor Terrace

  (A)	As part of the Landlord’s Work, Landlord, at its sole cost and expense, shall construct an outdoor terrace adjacent to the Building (the “Outdoor Terrace Area”) substantially in the location and pursuant to the design plan shown on Exhibit M attached hereto and containing an area mutually agreed to by Landlord and Tenant, provided, however, the Outdoor Terrace Area will contain a minimum of 3,750 square feet. Subject to compliance with all applicable laws, ordinances, rules, regulations, statutes, by-laws, court decisions, and orders and requirements of all public authorities (collectively, “Legal Requirements”) and the terms and conditions of this Section 2.3, Tenant will have the exclusive right, at no additional rental charge, to access and use the Outdoor Terrace Area for outdoor seating and other social events ancillary to Tenant’s use of the Premises, including the service of food and beverages during such events. Tenant shall have the right to install, at Tenant’s sole cost and expense, tables, chairs, umbrellas and other furniture in the Outdoor Terrace Area (the “Terrace FF&E”) subject to Landlord’s prior written approval, which shall not be unreasonably withheld or delayed, provided, however, Landlord’s determination of matters relating to aesthetic issues relating to the Terrace FF&E and the Outdoor Terrace Area shall be in Landlord’s sole discretion and Landlord may require that moveable Terrace FF&E be secured in a manner reasonably acceptable to Landlord. Landlord shall not be responsible to police or monitor the Outdoor Terrace Area or to remove any unauthorized persons using the Outdoor Terrace Area without Tenant’s approval.

  (B)	Tenant’s use of the Outdoor Terrace Area and Tenant’s Terrace FF&E shall be upon and subject to all of the terms and conditions of this Lease, including, without limitation, Tenant’s indemnification and insurance obligations under this Lease, except as modified below:

  (i)	Tenant’s exclusive use of the Outdoor Terrace Area shall be for Tenant’s own use or the use of its permitted subtenants and invitees (but not for use by the general public or other parties) and only for the purposes set forth in this Section 2.3 and Tenant’s rights under this Section 2.3 shall not be assignable or otherwise transferable (including by sublease, license or other means) by Tenant separately from the Lease. In no event shall Tenant permit use of the Outdoor Terrace Area by the general public (exclusive of Tenant’s invitees).

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  (ii)	Tenant’s use of the Outdoor Terrace Area and the Terrace FF&E shall be subject to rules and regulations reasonably issued from time to time by Landlord and of which Tenant has been given prior notice and Tenant shall comply with all Terrace Approvals (as hereinafter defined) issued with respect to the Outdoor Terrace Area.

  (iii)	Tenant shall be responsible to repair and maintain the Outdoor Terrace Area and the Terrace FF&E in a safe, clean and first class condition consistent with first class office building standards for comparable buildings in the Market Area, provided, however, that upon Tenant’s request, Landlord will perform any repairs, maintenance and/or janitorial services requested by Tenant to the Outdoor Terrace Area, at Tenant’s sole cost and expense and as Additional Rent but with the costs separately allocated as a “Special Service” payable by Tenant and not subject to the Expense Cap set forth in Section 7.5(C) below (but without mark-up by Landlord). Notwithstanding the foregoing, Landlord shall not be required to perform any snow or ice removal from the Outdoor Terrace Area.

  (iv)	After the initial construction of the Outdoor Terrace Area and subject to Landlord’s warranty set forth in Section 1.4 of Exhibit B. Landlord shall not have any obligations (including any compliance with Legal Requirements obligation) with respect to the Terrace FF&E or the Outdoor Terrace Area and Landlord shall not be required to provide any services or utilities to the Outdoor Terrace Area except that, as part of Landlord’s Work, Landlord will provide convenience electrical outlets (not to exceed two (2) outlets) and domestic cold water stubbed to a reasonable location for service to the Outdoor Terrace Area.

  (v)	Tenant shall use and maintain the Outdoor Terrace Area so as not to cause any damage to the Building, the Property or the Complex or any interference with the use, operation or maintenance of the Complex or any mechanical, electrical or other building systems of the Building.

  (C)	Landlord shall be responsible to obtain, at Landlord’s sole cost and expense, all permits, licenses or other approvals (the “Terrace Approvals”) required under applicable Legal Requirements for the initial construction and occupancy of the Outdoor Terrace (other than Terrace FF&E) and exclusive of any permits, licenses or approvals required under applicable Legal Requirements for any particular function or gathering held by Tenant at the Outdoor Terrace (e.g. a liquor license for a social function). All of the Terrace Approvals must be in form and substance reasonably acceptable to Landlord, provided, however, the foregoing shall not require Landlord to consent to or approve any change in the zoning for the Complex, the imposition of any conditions or limitations on the Complex, any Terrace Approvals which would impose additional obligations on Landlord to perform alterations to the Building or Complex to comply with applicable Legal Requirements, including the ADA, or any Terrace Approvals which would adversely affect the floor area ratio for the Building or the Complex.

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  (D)	In the event that any governmental agency having jurisdiction over the Building and/or the Complex, as the case may be, shall impose any sidewalk or common space taxes or other taxes or fees on Landlord in connection with the use or operation of the Outdoor Terrace Area or the Terrace FF&E, Tenant shall pay to Landlord the amount of any such tax or fee imposed in connection with Tenant’s use or operation of the Outdoor Terrace Area or the Terrace FF&E.

  2.4	Rooftop Terrace. Subject to compliance with applicable Legal Requirements and to Landlord obtaining, as part of the Rooftop Terrace Project Costs (as hereinafter defined) all necessary permits and approvals therefor, Landlord shall construct and complete, simultaneously with the performance of the Landlord’s Work and at Tenant’s sole cost and expense as hereinafter set forth, a separate outside deck atop a portion of the rooftop of the Building as shown on Exhibit P attached hereto (the “Rooftop Terrace”) and containing not more than 6,600 square feet. Tenant shall have the exclusive right to use the Rooftop Terrace and Tenant’s access to and use of the Rooftop Terrace shall be subject to applicable Legal Requirements, governmental or quasi-governmental prohibitions and/or restrictions (including without limitation any temporary or permanent closure(s) of the Rooftop Terrace and/or restriction of Tenant’s use thereof due to concerns about terror or terrorism), the availability of insurance at commercially reasonable rates, and Landlord's reasonable rules with respect thereto that may be established from time to time. Tenant shall be responsible to pay to Landlord, as Additional Rent, for all reasonable, out of pocket costs incurred by Landlord in connection with the Rooftop Terrace. Tenant shall be responsible, at its sole cost and expense, for all maintenance, repair, cleaning, landscaping and access control, required to keep the Rooftop Terrace in substantially the same condition in which it is delivered to Tenant, excluding reasonable wear and tear, damage by fire or other casualty, or damage caused by Landlord or its agents, employees or contractors excepted; provided, however, that upon Tenant’s request, Landlord will perform any repairs, maintenance and/or janitorial services requested by Tenant to the Rooftop Terrace, at Tenant’s sole cost and expense as Additional Rent but with the costs separately allocated as a “Special Service” payable by Tenant and not subject to the Expense Cap set forth in Section 7.5(C) below (but without mark-up by Landlord). Notwithstanding the foregoing, Landlord shall not be required to perform any snow or ice removal from the Rooftop Terrace unless Landlord reasonably determines necessary for safety reasons. Landlord shall maintain, as part of Operating Expenses, the roof, roof membrane and associated supporting structure located underneath the Rooftop Terrace and any other structural elements during the Term in accordance with Landlord’s obligations under Section 7.1 of this Lease, provided, however, Tenant shall be responsible for any reasonably documented increase in the costs of Landlord’s repairs and maintenance to the roof and roof membrane to the extent resulting from Tenant’s misuse or from the improper placement of Tenant’s furniture, property or installations on the Rooftop Terrace. The Rooftop Terrace shall be deemed to be a part of the Premises for all intents and purposes of this Lease; provided, however, that (i) there shall be no rentable floor area associated with the Rooftop Terrace and no obligation to pay Annual Fixed Rent with respect thereto and (ii) Tenant shall not have the right to separately assign its rights under this Section 2.4 or to sublease all or any portion of the Rooftop Terrace, other than in connection with an assignment of this Lease or sublease of the Premises permitted under Article XII below. Without limiting 

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  	the generality of the foregoing, it is expressly understood and agreed that the insurance and indemnification provisions of Article XIII of this Lease shall be deemed to apply to Tenant’s use and occupancy of the Rooftop Terrace.

  The construction of the Rooftop Terrance shall be performed by Landlord, and Tenant shall be responsible to pay the Rooftop Terrace Project Costs (as defined in Exhibit B) in accordance with the terms and conditions of Section 5.0 of the Work Agreement attached hereto as Exhibit B and made a part hereof.

  2.5	Tenant’s Telecommunications Equipment. Tenant shall be permitted, at its sole cost and expense, to install equipment for telecommunications, data transmission and other similar technologies including, without limitation, an antenna or satellite dish (the “Tenant’s Telecommunications Equipment”) on the rooftop of the Building ( the “Building Roof”). The exact specifications of the Tenant’s Telecommunications Equipment, the method of installing the Tenant’s Telecommunications Equipment and the location on the Building Roof for the Tenant’s Telecommunications Equipment shall all be subject to Landlord’s prior written approval, which shall not be unreasonably withheld or delayed. Tenant and Tenant’s contractors shall have reasonable access to the roof in order to inspect, service, repair, maintain and replace any of Tenant’s Telecommunications Equipment located thereon, subject to Landlord’s commercially reasonable rules and regulations of which Tenant has been given prior notice relative to the access to and use of the Building Roof. Tenant shall use Landlord’s roof contractor for the installation of flashing for any rooftop penetrations necessary for the placement of the Tenant’s Telecommunications Equipment on the Building Roof.

  Tenant’s use of the Tenant’s Telecommunications Equipment shall be upon all of the conditions of the Lease, except as modified below:

  (A)	It is understood and agreed that Tenant shall be responsible, at its sole cost and expense, for installing all necessary connections (the “Connections”) between the Tenant’s Telecommunications Equipment and the Premises. In addition to complying with the applicable construction provisions of this Lease, Tenant shall not install or operate the Connections in any portion of the Building Roof until (x) Tenant shall have obtained Landlord’s prior written approval, which approval will not be unreasonably withheld or delayed, of Tenant’s plans and specifications for the placement and installation of the Connections, and (y) Tenant shall have obtained and delivered to Landlord copies of all required governmental and quasi- governmental permits, approvals, licenses and authorizations necessary for the lawful installation, operation and maintenance of the Connections. Landlord shall inform Tenant at the time of its review of the Connections whether Landlord will require the same to be removed by Tenant upon the expiration or earlier termination of this Lease.

  (B)	Tenant shall have no obligation to pay Annual Fixed Rent, Landlord’s Tax Expenses Allocable to the Premises or Operating Expenses Allocable to the Premises in respect of the Tenant’s Telecommunications Equipment or the

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  Connections provided that the same are used solely to provide service to Tenant’s business operations in the Premises.

  (C)	Except as otherwise set forth in this Lease, Landlord shall have no liability to Tenant for the installation and subsequent operation of the Tenant’s Telecommunications Equipment.

  (D)	Landlord shall have no obligation to provide any services to the Tenant’s Telecommunications Equipment, provided, however, to the extent not being used by Landlord for operation of the Building, Tenant shall have the right to access telephone/data closets and shafts and conduits in the Building, plenum areas and other pathways in the Building in order to connect the Tenant’s Telecommunications Equipment to the Premises, subject to Landlord’s right to reasonably approve such connections and to Landlord’s commercially reasonable rules and regulations of which Tenant has been given prior notice relative to the access to and the use of such areas within the Building. Tenant shall, at its sole cost and expense and otherwise in accordance with the provisions of this Section 2.5, arrange for all utility services required for the operation of the Tenant’s Telecommunications Equipment.

  (E)	Tenant shall, at its sole cost and expense, be solely responsible for all maintenance and repair to the Tenant’s Telecommunications Equipment and the Connections.

  (F)	Tenant shall have no right to make any changes, alterations, signs, or other improvements to the Tenant’s Telecommunications Equipment or the Connections without Landlord’s prior written consent, which consent shall not be unreasonably withheld or delayed.

  (G)	Tenant shall be responsible for the cost of repairing any damage to the Building Roof or the Building caused by its use of the Tenant’s Telecommunications Equipment and the Connections or any work related thereto.

  (H)	Except for assignees of this Lease or subtenants of all or a portion of the Premises, no other person, firm or entity (including, without limitation, other tenants, licensees or occupants of the Building Roof) shall have the right to connect to the Tenant’s Telecommunications Equipment other than Tenant.

  (I)	To the maximum extent permitted by law, Tenant’s use of the Tenant’s Telecommunications Equipment and the Connections shall be at the sole risk of Tenant, and Landlord shall have no liability to Tenant in the event that the Tenant’s Telecommunications Equipment and the Connections are damaged for any reason.

  (J)	Tenant shall comply with all applicable Legal Requirements in Tenant’s use of the Tenant’s Telecommunications Equipment and the Connections.

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  (K)	Tenant’s Telecommunications Equipment and the Connections shall not interfere with the maintenance or operation of the Building by Landlord (including, without limitation, interference with any communications equipment, telephones, radios, CATV, MATV, HVAC systems, elevators or systems in place as of the date Tenant installs Tenant’s Telecommunications Equipment and Connections).

  In the event any such interference is not cured by Tenant within thirty (30) days after written notice thereof from Landlord to Tenant, Landlord shall have the right to require Tenant to relocate or remove the Tenant’s Telecommunications Equipment causing such disturbance.

  (L)	Landlord shall have the right, upon no less than ninety (90) days’ notice to Tenant and at Landlord’s sole cost and expense, if necessary for the operation of the Building by Landlord or the performance of Landlord’s express obligations under this Lease, to relocate the Tenant’s Telecommunications Equipment and the Connections to another location on the Building Roof reasonably acceptable to Tenant provided that such relocation does not adversely affect Tenant’s use of Tenant’s Telecommunications Equipment and Landlord makes temporary arrangements for Tenant’s Telecommunications Equipment to continue to operate during such relocation. Landlord and Tenant shall cooperate with each other in good faith to schedule such relocation work on nights and weekends so as to minimize interference with Tenant’s business operations. Any such relocation by Landlord shall not independently (in the absence of another cause) be deemed to constitute a service interruption under Section 7.7 above.

  (M)	The Tenant’s Telecommunications Equipment and the Connections shall be deemed to be a part of the Premises for the purposes of the indemnity and insurance provisions of Article XIII above. In addition to and not in limitation of the foregoing, Tenant shall, to the maximum extent permitted by law, indemnify, defend, and hold Landlord, its agents, contractors and employees harmless from any and all claims, losses, demands, actions or causes of actions suffered by any person, firm, corporation, or other entity arising from Tenant’s use of the Tenant’s Telecommunications Equipment and the Connections.

  (N)	Landlord shall designate or identify the Tenant’s Telecommunications Equipment and any related components or conduits with or by a lease or license number (or other marking) and shall place such number (or marking) on or near such Tenant’s Telecommunications Equipment.

  (O)	It is expressly understood and agreed that the Tenant’s Telecommunications Equipment shall remain the property of Tenant and that Tenant shall be required to remove the same upon the expiration or earlier termination of this Lease and to repair any damage caused by the installation or removal of the Tenant’s Telecommunications Equipment.

  ARTICLE III

  Lease Term and Extension Options

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  3.1	Term

  The Term of this Lease shall be the period specified in Section 1.2 hereof as the “Lease Term,” unless sooner terminated or extended as herein provided and commencing on the date (the “Commencement Date”) that is the Tenant Access Date (as that term is defined in Exhibit B).

  As soon as may be convenient after the determination of the Rent Commencement Date, Landlord and Tenant agree to join with each other in the execution, in the form of Exhibit E hereto, of a written Commencement Date Agreement in which the Commencement Date and specified Lease Term of this Lease shall be stated. If Tenant shall fail to execute or correct such Agreement within thirty (30) days after such Agreement is submitted by Landlord, the Commencement Date and Lease Term shall be as originally set forth in the Agreement delivered by Landlord.

  3.2	Extension Option

  (A)	On the conditions (which conditions Landlord may waive by written notice to Tenant) that both at the time of exercise of the herein described option to extend and as of the commencement of the Extended Term in question (i) there exists no monetary or material non-monetary “Event of Default” (defined in Section 15.1) and there have been no more than two (2) Event of Defaults during the twelve (12) months immediately preceding the date of Tenant’s exercise notice, (ii) this Lease is still in full force and effect, and (iii) Tenant has neither assigned this Lease nor sublet more than the lesser of (y) 50,000 square feet of the Rentable Floor Area of the Premises, and (z) fifty percent (50%) of the Rentable Floor Area of the Premises (except for an assignment or subletting permitted without Landlord’s consent under Section 12.5 hereof), Tenant shall have the right to extend the Term hereof upon all the same terms, conditions, covenants and agreements herein contained (except for the Annual Fixed Rent which shall be adjusted during the option period as hereinbelow set forth and except that there shall be no further option to extend) for one (1) period of ten (10) years as hereinafter set forth. The option period is sometimes herein referred to as the “Extended Term.” Notwithstanding any implication to the contrary Landlord has no obligation to make any additional payment to Tenant in respect of any construction allowance or the like or to perform any work to the Premises as a result of the exercise by Tenant of any such option.

  (B)	If Tenant desires to exercise an option to extend the Term, then Tenant shall give notice (“Exercise Notice”) to Landlord not later than eighteen (18) months (the “Extension Deadline”) prior to the expiration of the then Term of this Lease (as it may have been previously extended) exercising such option to extend. If Tenant timely delivers an Exercise Notice, Landlord shall, not later than fifteen (15) months prior to expiration of the then-current Term, provide Landlord’s quotation to Tenant of a proposed Annual Fixed Rent for the Extended Term (“Landlord’s Rent Quotation”). If at the expiration of thirty (30) days after the date when Landlord provides such quotation to Tenant (the “Negotiation

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  Period”), Landlord and Tenant have not reached agreement on a determination of an Annual Fixed Rent for such Extended Term and executed a written instrument extending the Term of this Lease pursuant to such agreement, then Tenant shall have the right, for thirty (30) days following the expiration of the Negotiation Period, to make a request to Landlord for a broker determination (the “Broker Determination”) of the Prevailing Market Rent (as defined in Exhibit H) for such Extended Term, which Broker Determination shall be made in the manner set forth in Exhibit H. If Tenant timely shall have requested the Broker Determination, then the Annual Fixed Rent for such Extended Term shall be the Prevailing Market Rent as determined by the Broker Determination. If Tenant does not timely request the Broker Determination, then the Annual Fixed Rent during the Extended Term shall be equal to the Landlord’s Rent Quotation.

  (C)	Upon the giving of the Exercise Notice by Tenant to Landlord exercising Tenant’s option to extend the Lease Term in accordance with the provisions of Section 3.2 (B) above, then this Lease and the Lease Term hereof shall automatically be deemed extended, for the Extended Term, without the necessity for the execution of any additional documents, except that Landlord and Tenant agree to enter into an instrument in writing setting forth the Annual Fixed Rent for the Extended Term as determined in the relevant manner set forth in this Section 3.2; and in such event all references herein to the Lease Term or the Term of this Lease shall be construed as referring to the Lease Term, as so extended, unless the context clearly otherwise requires, and except that there shall be no further option to extend the Lease Term.

  ARTICLE IV

  Condition of Premises; Alterations

  4.1	Preparation of Premises

  The condition of the Premises upon Landlord’s delivery along with any work to be performed by either Landlord or Tenant shall be as set forth in the Work Agreement attached hereto as Exhibit B and made a part hereof.

  ARTICLE V

  Annual Fixed Rent and Electricity

  5.1	Fixed Rent

  Tenant agrees to pay to Landlord, on the Rent Commencement Date, and thereafter monthly, in advance, on the first day of each and every calendar month during the Original Lease Term, a sum equal to one-twelfth (1/12) of the Annual Fixed Rent for the Primary Premises specified in Section 1.2 hereof and one-twelfth (1/12) of the Annual Fixed Rent for the Storage Space and on the first day of each and every calendar month 

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  during the Extended Term (if exercised), a sum equal to one-twelfth of the Annual Fixed Rent for the Premises as determined in Section 3.2 for the Extended Term.

  Annual Fixed Rent for any partial month shall be paid by Tenant to Landlord at such rate on a pro rata basis, and, if the Rent Commencement Date shall be other than the first day of a calendar month, the first payment of Annual Fixed Rent which Tenant shall make to Landlord shall be a payment equal to a proportionate part of such monthly Annual Fixed Rent for the partial month from the Rent Commencement Date to the first day of the succeeding calendar month.

  Additional Rent payable by Tenant on a monthly basis, as elsewhere provided in this Lease, likewise shall be prorated, and the first payment on account thereof shall be determined in similar fashion and shall commence on the Commencement Date and other provisions of this Lease calling for monthly payments shall be read as incorporating this undertaking by Tenant, provided, however, that Tenant’s obligation to pay Landlord’s Tax Expenses Allocable to the Premises pursuant to Section 6.2 and Operating Expenses Allocable to the Premises pursuant to Section 7.5 shall not commence until the Rent Commencement Date.

  Notwithstanding that the payment of Annual Fixed Rent payable by Tenant to Landlord shall not commence until the Rent Commencement Date, Tenant shall be subject to, and shall comply with, all other provisions of this Lease as and at the times provided in this Lease.

  The Annual Fixed Rent and all other charges for which provision is made in this Lease shall be paid by Tenant to Landlord without setoff, deduction or abatement except as expressly provided in this Lease.

  5.2	Utility Charges

  Landlord shall, as part of Landlord’s Work, separately meter the Premises, for electrical, water, gas and other utility services serving the Premises (including electricity for air handlers serving the Premises and any other specialized equipment installed by Tenant in the Premises or the Building, including, without limitation, Tenant’s wireless system and other communications equipment, Tenant’s supplemental HVAC units, and any UPS units of Tenant). After the Rent Commencement Date, Landlord may require that Tenant install a submeter for any portion of the Premises or specialized equipment therein if and to the extent required by applicable Legal Requirements. During the Lease Term, Tenant shall procure and pay, when due, all charges for the supply and consumption of the utilities and services furnished to the Premises and the Building, including all charges for water, sewage, heat, gas, light, electricity, telephone, cable, telecommunications or other public or private utility services supplied to the Property, including all fuel necessary for the operation of the Generators, directly to the supplier of the same from and after the date Tenant first commences occupancy of any portion of the Premises for the normal conduct of its business. In the event that any utility may not be contracted for by Tenant in Tenant’s own name, then Tenant shall pay to Landlord the costs of such utility within thirty (30) days after receipt of an invoice from Landlord, as Additional Rent. If any tax 

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  is imposed on Landlord’s receipt from the sale or resale of electric energy to Tenant by any federal, state or municipal authority, Tenant covenants and agrees that where permitted by Law, such taxes (without duplication) shall be passed on to, and included in the bill of, and paid by, Tenant to Landlord. Also, in the event that there is located in the Premises a data center containing high density computing equipment, as defined in the U.S. EPA’s Energy Star® rating system (“Energy Star”), Landlord may, at any time during the Term, require the installation in accordance with Energy Star of separate metering or check metering equipment (Tenant being responsible for the costs of any such meter or check meter and the installation and connectivity thereof).

  Notwithstanding anything to the contrary contained herein, Tenant’s obligation to pay the charges assessed or incurred for electricity and other utilities supplied to the Premises and the Building shall not commence until the Rent Commencement Date and Landlord will be responsible to pay the costs of such utilities supplied to the Premises and the Building prior to the Rent Commencement Date.

  ARTICLE VI

  Taxes

  6.1	Definitions

  With reference to the real estate taxes referred to in this Article VI, it is agreed that terms used herein are defined as follows:

  (a)	“Tax Year” means the 12-month period beginning July 1 each year during the Lease Term or if the appropriate Governmental tax fiscal period shall begin on any date other than July 1, such other date.

  (b)	“Landlord’s Tax Expenses” with respect to any Tax Year means the aggregate “real estate taxes”(hereinafter defined) with respect to that Tax Year, reduced by any net abatement receipts with respect to that Tax Year. In no event shall Landlord be entitled to retain more than one hundred percent (100%) of the Landlord’s Tax Expenses actually paid or incurred by Landlord in any Tax Year, subject to Landlord’s right to seek tax reductions or abatements as set forth in this Lease.

  (c)	Landlord’s Tax Expenses Allocable to the Premises” with respect to any Tax Year means 100% of the Landlord’s Tax Expenses.

  (d)	“Real estate taxes” means all taxes and special assessments of every kind and nature and user fees and other like fees assessed by any Governmental authority on, or allocable to the Building and the Property and all improvements thereon, including the Common Areas, and which the Landlord or Overlandlord shall be obligated to pay because of or in connection with the ownership, leasing or operation of the Building or the Property, plus the reasonable expenses of and fees for any formal or informal proceedings for negotiation or abatement of taxes (collectively, 

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  	“Abatement Expenses”). The Overlease provides that: (i) if the Property is separately assessed or otherwise separately allocable by the City of Waltham tax assessor from other portions of the Complex for real estate tax purposes, then real estate taxes shall mean such taxes as so separately assessed or separately allocated; and (ii) if the Property is not so separately assessed or separately allocated, the Overlease provides a commercially reasonable mechanism for the allocation of the real estate taxes to be paid by Landlord under the Overlease in respect of the Property. The amount of special taxes or special assessments to be included shall be limited to the amount of the installment (plus any interest other than penalty interest payable thereon) of such special tax or special assessment required to be paid during the year in respect of which such taxes are being determined. In no event shall “real estate taxes” payable by Tenant under this Lease (including any real estate taxes payable pursuant to clause (y) above) include any taxes or other assessments imposed by the City of Waltham tax assessor solely and expressly on the Additional Improvements or on the economic value to Landlord or Overlandlord of having the right to construct the Additional Improvements or any increased tax assessment that results from Overlandlord’s sale or transfer to a third party of the development rights for the Additional Improvements. There shall be excluded from real estate taxes all development, mitigation or impact fees or subsidies associated with the initial construction of the Building and other improvements on the Property, all income, estate, succession, inheritance and transfer taxes, any tax reserves and any excise taxes imposed upon Landlord based upon gross or net rentals or other income received by it, any interest, penalties or fines incurred as a result of Landlord’s late payment of real estate taxes (except to the extent such late payment is the result of late payment of Annual Fixed Rent or Additional Rent by Tenant) and any expenses excluded from Operating Expenses under the terms of this Lease; provided, however, that if at any time during the Lease Term the present system of ad valorem taxation of real property shall be changed so that in lieu of, or in addition to, the whole or any part of the ad valorem tax on real property, there shall be assessed on Landlord a capital levy or other tax on the gross rents received with respect to the Building, or a Federal, State, County, Municipal, or other local income, franchise, excise or similar tax, assessment, levy or charge (distinct from any now in effect in the jurisdiction in which the Property is located) measured by or based, in whole or in part, upon any such gross rents, then any and all of such taxes, assessments, levies or charges, to the extent so measured or based, shall be deemed to be included within the term “real estate taxes” but only to the extent that the same would be payable if the Building, were the only property of Landlord. For the purposes of this Lease, real estate taxes shall include any payment in lieu of taxes or any payments made under Chapter 121A of the Massachusetts General Laws or any similar law.

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  If and so long as (x) this Lease is in full force and effect, (y) no monetary or other material Event of Default shall have occurred under this Lease, and (z) Landlord is permitted to lawfully contest the tax assessment for the Property separate and apart from the tax assessment for the Complex, Landlord will, at the written request of Tenant, either (1) apply for an abatement of real estate taxes or (2) allow Tenant to apply for abatement in its own name, or in Landlord’s name, at its own cost (subject to such Tenant’s right to recover such costs on a first dollar basis from the abatement proceeds, if any). If Tenant applies for an abatement of real estate taxes, then Landlord shall have the right to be involved in each step of the abatement process, including, without limitation, Landlord’s right to approve all filings in connection with such abatement proceedings (such approval not to be unreasonably withheld) and the right to attend all meetings between Tenant and its representatives and the representatives of the City of Waltham.

  Landlord agrees to reasonably cooperate with Tenant (but at no material out-of-pocket expense to Landlord) as may be reasonably requested by Tenant in connection with Tenant’s efforts to obtain any tax or other incentives available for the Property from the City of Waltham or other state or federal governmental authorities, provided any such incentives do not materially adversely affect the value of or Landlord’s interest in the Property and do not impose any restrictions on the Property or the Complex.

  6.2	Tenant’s Payment of Real Estate Taxes

  Commencing as of the Rent Commencement Date and continuing thereafter throughout the remainder of the Lease Term, Tenant shall pay to Landlord, as Additional Rent with respect to any full Tax Year or fraction of a Tax Year falling within the Lease Term, the amount of Landlord’s Tax Expenses Allocable to the Premises (the “Tenant’s Tax Payment”). Tenant’s obligation to pay Landlord’s Tax Expenses Allocable to the Premises with respect to the Tax Years in which the Rent Commencement Date occurs and the termination of the Lease Term occurs shall be pro-rated based upon the ratio of the portion of such Tax Years which occur during the Lease Term to the total length of such Tax Years. Payments by Tenant on account of the Tenant’s Tax Payment shall be made monthly at the time and in the fashion herein provided for the payment of Annual Fixed Rent. The amount so to be paid to Landlord shall be an amount from time to time reasonably estimated by Landlord to be sufficient to provide Landlord, in the aggregate, a sum equal to the Tenant’s Tax Payment, at least ten (10) days before the day on which tax payments by Landlord would become delinquent. Not later than ninety (90) days after Landlord’s Tax Expenses Allocable to the Premises are determinable for the first such Tax Year or fraction thereof and for each succeeding Tax Year or fraction thereof during the Lease Term, Landlord shall render Tenant a statement in reasonable detail certified by a representative of Landlord showing for the preceding year or fraction thereof, as the case may be, real estate taxes allocated to the Property, abatements and refunds, if any, of any such taxes and assessments, expenditures incurred in seeking such abatement or refund, the amount of the Tenant’s Tax Payment due from Tenant, the amount thereof already paid by Tenant and the amount thereof overpaid by, or remaining due from, Tenant for the period covered by such statement. Within thirty (30) days after the receipt of such statement, Tenant shall pay any sum remaining due. Any balance shown as due to Tenant shall be credited against Annual Fixed Rent next due, or refunded 

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  to Tenant if the Lease Term has then expired and Tenant has no further obligation to Landlord. Expenditures for legal fees and for other expenses incurred in obtaining an abatement or refund may be charged against the abatement or refund before the adjustments are made for the Tax Year to the extent such costs were not already included in the calculation of real estate taxes.

  To the extent that real estate taxes shall be payable to the taxing authority in installments with respect to periods less than a Tax Year, the statement to be furnished by Landlord shall be rendered and payments made on account of such installments.

  ARTICLE VII

  Landlord’s Repairs and Services and Tenant’s Escalation Payments

  7.1	Structural Repairs

  Except for (a) normal and reasonable wear and use and (b) damage caused by fire or casualty and by eminent domain, Landlord shall, throughout the Lease Term, subject to provisions for reimbursement by Tenant as contained in Section 7.4 and Section 7.5 (including the exclusions from Landlord’s Operating Expenses set forth in said Section 7.4), keep and maintain, or cause to be kept and maintained, in good order, condition and repair (including necessary replacements) the following portions of the Building: the structural portions of the roof (including the roof membrane), the exterior and load bearing walls, exterior glass, the foundation, the structural columns and floor slabs and other structural elements of the Building (the “Structural Elements”); provided however, that Tenant shall pay to Landlord, as Additional Rent, the cost of any and all such repairs which may be required as a result of repairs, alterations, or installations made by Tenant or any subtenant, assignee, licensee or concessionaire of Tenant or any agent, servant, employee or contractor of any of them or to the extent of any loss, destruction or damage caused by the omission or negligence of Tenant, any assignee or subtenant or any agent, servant, employee, customer, visitor or contractor of any of them.

  During the Lease Term, Landlord shall, at Landlord’s sole cost and expense, exercise all commercially reasonable efforts to enforce (or cause Overlandlord to enforce) the rights and obligations of Overlandlord under the Overlease and the rights and obligations of Master Developer and the other Complex Owners under the Declaration.

  7.2	Other Repairs to be Made by Landlord

  Except for (a) normal and reasonable wear and use, (b) Tenant’s responsibilities under this Lease and (c) damage caused by fire or casualty and by eminent domain, and except as otherwise provided in this Lease, and subject to provisions for reimbursement by Tenant as contained in Section 7.4 and Section 7.5 (including the exclusions from Landlord’s Operating Expenses set forth in said Section 7.4), Landlord shall keep, maintain and repair (including necessary replacements) or cause to be kept, maintained and repaired, in good order, condition and repair (including necessary replacements) the

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  base building mechanical, electrical, plumbing, sprinkler, elevator, fire/life safety, access control and the heating, ventilating and air conditioning (“HVAC”) systems serving the Premises and the Building (collectively, the “Building Systems”) (but exclusive of any specialty installations installed or requested by Tenant which shall be maintained at Tenant’s sole cost and expense), the main utility pipes, lines and facilities connecting the Building to off-site electric and water utility providers (except for any such pipes, lines and other facilities owned and maintained by the utility provider) and the Common Areas in a first class manner comparable to the maintenance of similar Class A mixed-use buildings in the Market Area, except that Landlord shall in no event be responsible to Tenant for (a) the condition of glass in and about the Premises (other than for glass in exterior walls for which Landlord shall be responsible unless the damage thereto is attributable to Tenant’s negligence or misuse, in which event the responsibility therefor shall be Tenant’s), or (b) any condition in the Premises, the Building or the Complex caused by any act or neglect of Tenant or any agent, employee, contractor, assignee, subtenant, licensee, concessionaire or invitee of Tenant. Without limitation, Landlord shall not be responsible to make any improvements or repairs to the Premises, the Building or the Complex other than as expressly provided in Section 7.1 or in this Section 7.2, unless expressly otherwise provided in this Lease (including, without limitation, in Article XIII below). Landlord shall use commercially reasonable efforts to perform all repairs in or to the Building for which Landlord is responsible pursuant to this Lease within a reasonable period of time after Landlord becomes aware of the need for such repair and, except in the event of an emergency or unsafe condition in the Building, in a manner which will not unreasonably interfere with the use of the Building by Tenant or other occupants of the Premises.

  Subject to Tenant’s obligations under Section 8.1, Landlord shall comply with all applicable Legal Requirements now or hereafter in force that impose a duty on Landlord with respect to the Building Systems and the Common Areas of the Property or which Legal Requirements are imposed generally on a building wide basis to the Building and will use commercially reasonable efforts to enforce any obligations of Overlandlord under the Overlease and/or any Complex Owner under the Declaration to cause the Common Areas of the Complex to comply with applicable Legal Requirements, in all events except to the extent such requirements are not imposed or triggered as a result of the particular use or manner of use of Tenant or due to any additions, alterations or improvements performed by or on behalf of Tenant.

  7.3	Services to be Provided by Landlord

  In addition, and except as otherwise provided in this Lease and subject to provisions for reimbursement by Tenant as contained in Section 7.4 and Section 7.5 (including the exclusions from Landlord’s Operating Expenses set forth in said Section 7.4) and Tenant’s responsibilities in regard to electricity as provided in Section 5.2, Landlord shall operate the Building and the Building Systems twenty-four (24) hours per day, seven (7) days per week and, from and after the Substantial Completion Date, furnish services, utilities, facilities and supplies as set forth in Exhibit C hereto equal in quality comparable to those customarily provided by landlords in similar Class A buildings in the Market Area. In addition, Landlord agrees to furnish, at Tenant’s expense, reasonable 

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  additional Building operation services which are usual and customary in similar Class A buildings in the Market Area as may be mutually agreed upon by Landlord and Tenant, upon reasonable and equitable rates from time to time established by Landlord. Any provision of additional Building operation services shall be submitted by Tenant electronically through the Building’s Angus Property Management System or similar system for Tenant work requests. Tenant agrees to pay to Landlord, as Additional Rent, the cost of any such additional Building services requested by Tenant and for the cost of any additions, alterations, improvements or other work performed by Landlord in the Premises at the request of Tenant within thirty (30) days after being billed therefor.

  Notwithstanding the foregoing, Tenant shall have the right, upon not less than ninety (90) days’ prior written notice to Landlord, to engage its own janitorial service provider reasonably approved by Landlord to provide cleaning and janitorial services to the Premises, provided such services assumed by Tenant shall be coordinated with any work being performed by or for Landlord at the Building or the Property and in such manner as to maintain harmonious labor relations and prevent any work stoppage, picketing, labor disruption or dispute or disharmony and so as not to interfere with Building or Complex operations. In such case, Landlord shall be relieved of any obligation under this Lease to provide cleaning and janitorial services to the Premises and the Building and the cost of janitorial service provided to the Premises and the Building shall be excluded from Landlord’s Operating Expenses.

  7.4	Operating Costs Defined

  “Operating Expenses Allocable to the Premises” means 100% of Landlord’s Operating Expenses (as hereinafter defined).

  “Landlord's Operating Expenses” means, subject to the exclusions on Operating Expenses set forth in this Section 7.4, (y) the cost of operation of the Building and the other areas of the Property as more specifically provided below in this Section 7.4, including those incurred in discharging the obligations under Sections 7.2 and 7.3; and (z) the costs incurred by Landlord or allocated to the Property by Master Developer under the Declaration (the “Declaration Common Expenses”) for utility and other services to the Property (including costs for landscaping, snow removal, pest control, security and site lighting) and to maintain, repair and replace storm water and water/sewer infrastructure and common roadways, common signage and parking areas serving the Complex, including the Property’s share of any of all costs incurred to operate any shuttle service serving the Property or the Complex and like amenities for use of tenants of the Complex, but specifically excluding any expenses or assessments under the Declaration solely benefiting other parcels in the Complex and which do not benefit the Property. Landlord’s Operating Expenses shall exclude payments of debt service and any other mortgage charges, brokerage commissions, real estate taxes (to the extent paid pursuant to Section 6.2 hereof), and costs of special services rendered to Tenant for which a separate charge is made, but shall include, without limitation:

  (a)	compensation, wages and all fringe benefits, worker’s compensation insurance premiums and payroll taxes paid to, for or with respect to all

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  persons for their services in the operating, maintaining, managing, insuring or cleaning of the Building or the Property;

  (b)	payments under service contracts with independent contractors for operating, maintaining or cleaning of the Building or the Property;

  (c)	steam, water, sewer, gas, oil, electricity and telephone charges (exclusive of any utility charges paid billed to or paid directly by Tenant) supplied to the Building and the Property and costs of maintaining letters of credit or other security as may be required by utility companies as a condition of providing such services;

  (d)	cost of maintenance, cleaning and repairs and replacements (other than repairs reimbursable from contractors under guarantees) for the Building and the Property;

  (e)	cost of snow removal and care of landscaping;

  (f)	cost of supplies and equipment (including cleaning supplies and equipment) for the Building and the Property;

  (g)	premiums for insurance carried with respect to the Property (including, without limitation, liability insurance, insurance against loss in case of fire or casualty and of monthly installments of Annual Fixed Rent and any Additional Rent which may be due under this Lease for not more than twelve (12) months in the case of both Annual Fixed Rent and Additional Rent and, if there be any first mortgage on the Building, including such insurance as may be required by the holder of such first mortgage, provided, however, with respect to insurance coverages required to be carried by a holder of a mortgage such coverages are of the type and amounts customarily required to be carried by lenders of similar mixed use buildings in the Market Area);

  (h)	management fees equal to three percent (3%) of Gross Receivable Rents for the Building (“Gross Receivable Rents for the Building” for the purposes hereof being defined as annual fixed rent, Landlord’s Operating Expenses, with the exception of the aforesaid management fee, and Landlord’s Tax Expenses for the Building for the relevant year);

  (i)	depreciation for capital expenditures made by Landlord during the Lease Term (x) reasonably intended in good faith on the basis of engineering estimates to reduce Operating Expenses, or (y) to comply with Legal Requirements which first become applicable to the Property after the Commencement Date (the capital expenditures described in subsections (x) and (y) being hereinafter referred to as “Permitted Capital Expenditures”) plus, in the case of both (x) and (y), an interest factor, reasonably determined by Landlord, as being the interest rate then charged for long term mortgages by institutional lenders on like properties within 

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  	the general locality in which the Building is located, and depreciation in the case of both (x) and (y) shall be determined by dividing the original cost of such capital expenditure by the number of years of useful life of the capital item acquired, which useful life shall be determined reasonably by Landlord in accordance with generally accepted accounting principles and practices in effect at the time of acquisition of the capital item;

  (j)	all costs of applying and reporting for the Building or any part thereof to seek or maintain certification under the U.S. EPA’s Energy Star® rating system, the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) rating system or a similar system or standard;

  (k)	costs incurred or assessed for the Property’s membership and participation in any Transportation Management Association or the 128 Business Council pursuant to the permits and approvals issued for the Complex, as well as costs associated with any alternative transportation measures (such as but without limitation, a shuttle service) implemented in connection with such membership or participation in any Transportation Management Association and/or the 128 Business Council and utilized by Tenant; and

  (l)	all other reasonable and necessary expenses paid in connection with the operating, cleaning and maintenance of the Building and the Property, including the Common Areas, and properly chargeable against income.

  Notwithstanding the generality of foregoing, the following costs shall be excluded or deducted, as the case may be, from the calculation of Operating Expenses Allocable to the Premises (including, without limitation, any Declaration Common Expenses):

  (i)	leasing commissions, fees and costs, advertising and promotional expenses and other costs incurred in procuring tenants or in selling the Building or the Complex;

  (ii)	legal fees or other expenses incurred in connection with enforcing leases with tenants in the Building;

  (iii)	costs of renovating or otherwise improving or decorating space for any tenant or other occupant of the Building or the Complex (including Tenant) or relocating any tenant;

  (iv)	financing costs including interest and principal amortization of debts and the costs of providing the same;

  (v)	except as otherwise expressly provided above with respect to Permitted Capital Expenditures, depreciation;

  (vi)	rental on ground leases or other underlying leases and the costs of providing the same;

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  (vii)	wages, bonuses and other compensation of employees above the grade of Regional Property Manager;

  (viii)	wages, bonuses and other compensation of any employee who does not devote substantially all of his or her employed time to the Building unless such wages and benefits are prorated on a reasonable basis to reflect time spent on the operation and management of the Building 
vis-a-vis time spent on matters unrelated to the operation and management of the Building;

  (ix)	any liabilities, costs or expenses associated with or incurred in connection with the removal, enclosure, encapsulation or other handling of Hazardous Materials and the cost of defending against claims in regard to the existence or release of Hazardous Materials at the Building or the Complex (except with respect to those costs for which Tenant is otherwise responsible pursuant to the express terms of the Lease), provided, however, that the provisions of this clause shall not preclude the inclusion of costs with respect to materials in the Building (whether existing in the Building as of the date of this Lease or subsequently introduced to the Building) which are not as of the date of this Lease (or as of the date of introduction) deemed to be Hazardous Materials under applicable Legal Requirements but which are subsequently deemed to be Hazardous Materials under applicable Legal Requirements, and provided further that in no event shall costs to remove or remediate any Hazardous Materials in the soil or ground of the Property be included in Operating Expenses even if such materials are not as of the date of introduction deemed to be Hazardous Materials under applicable Legal Requirements (except if such Hazardous Materials were introduced to the Property by Tenant or any Tenant Party);

  (x)	costs of any items for which Landlord is or is entitled to be paid or reimbursed by insurance;

  (xi)	increased insurance or Real Estate Taxes assessed specifically to any tenant of the Building, the Property or the Complex for which Landlord is entitled to reimbursement from any other tenant;

  (xii)	except as may be expressly set forth in this Lease, the cost of installing, operating and maintaining any specialty service, such as an observatory, broadcasting facilities, child or daycare (exclusive of any roof deck constructed at Tenant’s request);

  (xiii)	costs for the original construction and development of the Building, the parking areas and the Complex (including the Additional Improvements) and nonrecurring costs for the repair and replacement of any portion of the Building made necessary as a result of defects in the original design, workmanship or materials;

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  (xiv)	cost of any work or service performed on an extra cost basis for any tenant in the Building to the extent such work or service is in excess of any work or service Landlord is obligated to provide to Tenant or generally to other tenants in the Building at Landlord’s expense;

  (xv)	cost of any work or services to the extent performed for any facility other than the Building (exclusive of shuttle services serving the Complex and other properties);

  (xvi)	except as may be otherwise expressly provided in the Lease with respect to specific items, any cost representing an amount paid to a person firm, corporation or other entity related to Landlord that is in excess of the amount which would have been paid in the absence of such relationship;

  (xvii)	cost of initial cleaning and rubbish removal from the Building or the Complex to be performed before final completion of the Building or tenant space;

  (xviii)	cost of initial landscaping of the Property;

  (xix)	except as expressly provided above with respect to Permitted Capital Expenditures, cost of any item that, under generally accepted accounting principles, are properly classified as capital expenses;

  (xx)	lease payments for rental equipment (other than equipment for which depreciation is properly charged as an expense) that would constitute a capital expenditure if the equipment were purchased;

  (xxi)	cost of the initial stock of tools and equipment for operation, repair and maintenance of the Building or the Complex;

  (xxii)	late fees or charges incurred by Landlord due to late payment of expenses, except to the extent attributable to Tenant’s actions or inactions;

  (xxiii)	cost of acquiring sculptures, paintings and other works of art, and the costs for securing, cleaning or maintaining such items in excess of amounts typically spent for such services in comparable buildings in the Market Area;

  (xxiv)	real estate taxes or taxes on Landlord’s business (such as income, excess profits, franchise, capital stock, estate, inheritance, etc.);

  (xxv)	charitable or political contributions;

  (xxvi)	reserve funds;

   

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  (xxvii)	all other items for which another party compensates or pays so that Landlord shall not recover any item of cost more than once;

  (xxviii)	costs and expenses incurred in connection with compliance with or contesting or settlement of any claimed violation of law or requirements of law, except to the extent attributable to Tenant’s actions or inactions;

  (xxix)	costs of mitigation or impact fees or subsidies (however characterized) imposed or incurred solely as a result of another tenant or another tenants’ use of the Building, the Property or the Complex or their respective premises;

  (xxx)	costs and expenses incurred for the administration of the entities which constitute Landlord, Overlandlord, Master Developer and any other Complex Owners as the same distinguished from the cost of operation, management, maintenance and repair of the Building or the Complex;

  (xxxi)	except with respect to the management fee, Landlord’s general off-site, on-site and overhead expenses (provided, however, that the provisions of this clause (xxxi) shall not prohibit the inclusion of the following items in Operating Expenses: professional development for management staff, professional subscriptions and dues, telephone, postage, software licenses, computer hardware maintenance, maintenance of Landlord’s computer network, catering for meetings and general administrative expenses including supplies, copier leases, printer maintenance, printing services and kitchen supplies for the management and contractor offices serving the Building);

  (xxxii)	any compensation paid to clerks, attendants or other persons in commercial concessions operated by Landlord;

  (xxxiii)	costs arising from the willful misconduct or negligence of Landlord, its agents, employees or contractors;

  (xxxiv)	subject to the terms of this Section 7.4 below, any costs incurred to design and construct a new structured parking deck at the Property (provided, however, the foregoing shall not limit the inclusion of such costs in Total Project Costs pursuant to Article XVIII if such parking deck is being constructed as a result of Tenant’s exercise of its expansion option but subject to the limitations of Section 18.1(c)(5) below);

  (xxxv)	any costs or expenses which under other terms of this Lease are stated to be performed at Landlord’s sole cost and expense;

  (xxxvi)	any costs or expenses which Landlord is required to indemnify Tenant against pursuant to Landlord’s indemnity set forth in Section 13.15 of

   

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  this Lease or which are within the scope of Landlord’s Warranty set forth in the Work Agreement;

  (xxxvii)	any costs with respect to the Complex (other than Property) except for the Complex Common Expenses allocated to the Property under the Declaration; and

  (xxxviii)	fees, costs and expenses incurred by Landlord in connection with or relating to claims against or disputes with employees of Landlord, with Building management, or with tenants of the Building.

  Notwithstanding anything in this Lease to the contrary, to the extent that Landlord provides or procures services for the Building together with other buildings in the Market Area owned or otherwise operated by Landlord or any affiliate thereof, then the costs of such services shall be allocated between the Building and such other buildings in a manner that is commercially reasonable and equitably determined by Landlord. If Landlord constructs a structured parking deck at the Property and third parties other than Tenant are granted the right to use the parking deck during the Exclusive Area A Parking Area Hours (as defined in Section 10.1 below), then Operating Expenses Allocable to the Premises will only include the portion of the costs and expenses incurred to operate, repair and maintain the structured parking deck which are reasonably allocable by Landlord to the Building and based upon the number of parking spaces in such parking deck allocated to satisfy Tenant’s parking rights in the “Area A” parking area of the Property under Section 10.1 of this Lease.

  7.5	Tenant’s Operating Expense Payments

  (A)	Commencing as of the Rent Commencement Date, and continuing thereafter throughout the remainder of the Lease Term, Tenant shall pay to Landlord, as Additional Rent with respect to any full calendar year or fraction of a calendar year falling within the Lease Term, at the times and in the manner hereinafter provided in this Section 7.5, Operating Expenses Allocable to the Premises. Tenant’s obligation to pay Operating Expenses Allocable to the Premises with respect to the calendar years in which the Rent Commencement Date occurs and the termination of the Lease Term occurs shall be pro-rated based upon the ratio of the portion of such calendar years which occur during the Lease Term to the total length of such calendar years.

  (B)		Payments by Tenant on account of the Operating Expenses Allocable to the Premises shall be made monthly at the time and in the fashion herein provided for the payment of Annual Fixed Rent. The amount so to be paid to Landlord shall be an amount from time to time reasonably estimated by Landlord to be sufficient to cover, in the aggregate, a sum equal to the Operating Expenses Allocable to the Premises for each calendar year during the Lease Term.

  (C)	Commencing with the first Operating Year after a full twelve (12) month Operating Year (as defined in Section 7.6 below) of Operating Expenses

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  Allocable to the Premises has been billed to Tenant under this Lease, in no event shall the Controllable Operating Expenses (as defined below) for any Operating Year exceed the Expense Cap (as defined below) for such Operating Year. “Controllable Operating Expenses” shall be defined as any Landlord’s Operating Expenses (exclusive of the management fee which shall be governed separately by the rate cap set forth in Section 7.4 above) which are within the reasonable control of Landlord, but Controllable Operating Expenses shall not include any costs (“Uncontrollable Expenses”) which are not within the reasonable control of Landlord, including, without limitation, the following items shall be deemed to be Uncontrollable Expenses: (i) premiums for insurance, (ii) union related labor costs (or the cost of contracts dependent or partially dependent on union related labor costs), (iii) snow plowing, (iv) security, (v) Permitted Capital Expenditures, (vi) water, sewer, electric, gas, oil, steam and other utility or regulatory charges, (vii) costs of removal of trash and recycling from the Premises; (viii) the Declaration Common Expenses, provided, however, any Declaration Common Expenses which would have constituted Controllable Operating Expenses if the expense item had been performed or provided by Landlord will constitute a Controllable Operating Expense for purposes of this Section 7.5(C); and (ix) costs to perform repairs, maintenance and janitorial services to the Outdoor Terrace Area, the Rooftop Terrace and the Fitness Facilities (and any other specialty use areas requested by Tenant) and any of the extra janitorial services set forth on Schedule C-l attached to Exhibit C of this Lease all of which will be billed as “Special Service”, and (viii) the costs for any shuttle services serving the Building and the Complex. In no event shall work orders or similar services or work performed by Landlord at the request of Tenant constitute a Controllable Operating Expense. The “Expense Cap” for each Operating Year during the Term shall be 104% of the total Controllable Operating Expenses for the immediately preceding Operating Year. There shall be no Expense Cap in respect of the first Operating Year of the Lease Term. By way of example only of the foregoing, if the Rent Commencement Date occurs on October 1, 2016, then there shall be no Expense Cap for the period from October 1, 2016 through December 31, 2017 and the Expense Cap will first apply to the Controllable Operating Expenses incurred during the Operating Year commencing on January 1, 2018.

  (D)	No later than one hundred twenty (120) days after the end of the first calendar year or fraction thereof ending December 31 and of each succeeding calendar year during the Lease Term or fraction thereof at the end of the Lease Term, Landlord shall render Tenant a statement in reasonable detail and according to usual accounting practices certified by a representative of Landlord (the “Operating Expense Statement”), showing for the preceding calendar year or fraction thereof, as the case may be, the Landlord’s Operating Expenses and the Operating Expenses Allocable to the Premises. Said statement to be rendered to Tenant also shall show for the preceding year or fraction thereof, as the case may be, the amounts already paid by Tenant on account of Operating Expenses Allocable to the Premises and the amount of Operating Expenses Allocable to the Premises remaining due from, or overpaid by, Tenant for the year or other period covered

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  by such statement. If such statement shows a balance remaining due to Landlord, Tenant shall pay same to Landlord on or before the thirtieth (30th) day following receipt by Tenant of said Operating Expense Statement. Any balance shown as due to Tenant shall be credited against Annual Fixed Rent next due, or refunded to Tenant if the Lease Term has then expired and Tenant has no further obligation to Landlord.

  (E)	Landlord’s failure to render or delay in rendering an Operating Expense Statement or Tax Expense Statement (as hereinafter defined) with respect to any Operating Year or Tax Year, as applicable, shall not prejudice Landlord’s right thereafter to render the same with respect thereto nor shall the rendering of an Operating Expense Statement or Tax Expense Statement, as applicable, for any Operating Year or Tax Year, as applicable, prejudice Landlord’s right thereafter to render a corrected Operating Expense Statement or Tax Expense Statement, as applicable, for such Operating Year or Tax Year, as applicable, provided, however, that Landlord shall in all events render the Operating Expense Statement or Tax Expense Statement, as applicable, in question or any corrections thereto within two (2) years after the end of the Operating Year or Tax Year, as applicable, covered by the applicable statement, and provided, further that the foregoing two (2) year period shall expressly not apply to any new or corrected Operating Expense Statement or Tax Expense Statement, as applicable, rendered by Landlord to reflect charges or corrections in charges resulting from any late billing or corrected billing by a third party such as the taxing authority or utility provider.

  Any payment by Tenant for the Operating Expenses Allocable to the Premises shall not be deemed to waive any rights of Tenant to claim that the amount thereof was not determined in accordance with the provisions of this Lease.

  7.6	Tenant’s Audit Right

  Subject to the provisions of this Section 7.6 and provided that no Event of Default of Tenant exists, Tenant shall have the right to examine the correctness of any of the Landlord’s Tax Expenses statement (“Tax Expense Statement”) and/or Landlord’s Operating Expense Statement, or any item contained therein:

  (1)	Any request for examination in respect of any Tax Year or Operating Year (as hereinafter defined) may be made by notice from Tenant to Landlord no more than one hundred eighty (180) days after the date (the “Statement Date”) Landlord provides to Tenant the applicable year-end statement required hereunder in respect of such Operating Year or such Tax Year, as applicable (and only if Tenant shall have fully paid the amounts billed with respect to the applicable Operating Expenses, Taxes or electricity charges). Such notice shall set forth in reasonable detail the matters questioned. “Operating Year” shall mean a period of twelve (12) consecutive calendar months, commencing on the first day of January in each year, except that the first Operating Year of the Lease Term hereof shall be the period commencing on the Commencement Date and ending on the succeeding December 31, and the last Lease Year of the Lease Term 

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  hereof shall be the period commencing on January 1 of the calendar year in which the Lease Term ends, and ending with the date on which the Lease Term ends.

  (2)	Tenant hereby acknowledges and agrees that Tenant’s sole right to contest any Operating Expense Statement and Landlord’s Tax Expenses Statement shall be as expressly set forth in this Section 7.6. Tenant hereby waives any and all other rights provided pursuant to applicable laws to inspect Landlord’s books and records and/or to contest any Landlord’s Operating Expenses Statement and/or Landlord’s Tax Expense Statement. If Tenant shall fail to timely exercise Tenant’s right to inspect Landlord’s books and records as provided in this Section 7.6, or if Tenant shall fail to timely communicate to Landlord the results of Tenant’s examination as provided in this Section 7.6, with respect to any Operating Year or Tax Year, as applicable, then such Operating Expense Statement and/or Tax Expense Statement, as applicable, shall be conclusive and binding on Tenant.

  (3)	So much of Landlord’s books and records pertaining to the Landlord’s Operating Expenses and/or Landlord’s Tax Expenses, as applicable, for the specific matters questioned by Tenant for the Operating Year or Tax Year included in the applicable year-end statement shall be made available to Tenant within sixty (60) days after Landlord timely receives the notice from Tenant to make such examination pursuant to this Section 7.6, either electronically or during normal business hours at the offices where Landlord keeps such books and records or at another location, as determined by Landlord. Any examination must be completed and the results communicated to Landlord no more than one hundred twenty (120) days after the date Landlord makes its books and records available for Tenant’s audit. Upon written request of Tenant, if reasonably necessary to provide requisite back-up documentation relating to the Declaration Common Expenses, Landlord shall exercise, at Tenant’s sole cost and expense, any review rights Landlord may possess under the Declaration.

  (4)	Tenant shall have the right to make such examination no more than once in respect of any Operating Year or Tax Year, as applicable, in which Landlord has given Tenant an Operating Expense Statement or Tax Expense Statement, as applicable, except that if, as a result of an audit by Tenant of Landlord’s books and records pursuant to this Section 7.6 with respect to any Operating Year, Landlord and Tenant agree that a material discrepancy in any line item of the Landlord’s Operating Expense Statement for such Operating Year has occurred (which shall mean an overcharge in any line item of the Landlord’s Operating Expense Statement of more than three percent (3%)), then Tenant may audit the Operating Expense Statement in respect of that same line item only for the immediately preceding three (3) Operating Years and provided that Tenant did not previously conduct an audit for the applicable prior Operating Years.

  (5)	Such examination may be made only by a qualified employee of Tenant or a qualified independent, real estate professional with at least five (5) years of relevant office leasing audit experience approved by Landlord, which approval in either case shall not be unreasonably withheld, conditioned or delayed (and DTZ as successor by merger with Cassidy Turley is hereby approved by Landlord). No examination shall be 

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  conducted by an examiner who is to be compensated, in whole or in part, on a contingent fee basis.

  (6)	As a condition to performing any such examination, Tenant and its examiners shall be required to execute and deliver to Landlord an agreement, in form reasonably acceptable to Landlord and Tenant, agreeing to keep confidential any information which it discovers about Landlord or the Building in connection with such examination, provided however, that Tenant may disclose such information (i) to Tenant’s employees, counsel and advisors who have the need to know such information in order to provide Tenant with advice in connection with such audit, (ii) actual or proposed successors, assigns, subtenants, lenders or purchasers of Tenant and (iii) to the extent required by applicable law or reporting requirements or by administrative, governmental or judicial proceeding.

  (7)	No subtenant shall have any right to conduct any such examination and no assignee may conduct any such examination with respect to any period during which the assignee was not in possession of the Premises.

  (8)	If as a result of such examination Landlord and Tenant agree that the amounts paid by Tenant to Landlord on account of the Landlord’s Operating Expenses, Landlord’s Tax Expenses or electricity charges allocable to the Premises exceeded the amounts to which Landlord was entitled hereunder, or that Tenant is entitled to a credit with respect to the Landlord’s Operating Expenses, electricity charges or Landlord’s Tax Expenses, Landlord, at its option, shall either refund to Tenant the amount of such excess, or apply the amount of such credit against Annual Fixed Rent and Additional Rent, as the case may be, within thirty (30) days after the date of such agreement. Similarly, if Landlord and Tenant agree that the amounts paid by Tenant to Landlord on account of Landlord’s Operating Expenses, Landlord’s Tax Expenses or electricity charges, as applicable, were less than the amounts to which Landlord was entitled hereunder, then Tenant shall pay to Landlord, as Additional Rent hereunder, the amount of such deficiency within thirty (30) days after the date of such agreement.

  (9)	All costs and expenses of any such examination shall be paid by Tenant, except if as a result of such examination Landlord and Tenant agree that the amount of the Landlord’s Operating Expenses payable by Tenant was overstated by more than three percent (3%), Landlord shall reimburse Tenant for the actual, reasonable out of pocket costs and expenses incurred by Tenant in such examination, up to a maximum of Ten Thousand Dollars ($10,000.00), such amount to be escalated annually by four percent (4%).

  7.7	No Damage

  (A)	Except as may be expressly set forth in this Section 7.7(A) and in Sections 7.7(C) and (D) below and to the fullest extent permitted by law, Landlord shall not be liable to Tenant for any compensation or reduction of rent by reason of inconvenience or annoyance or for loss of business arising from the necessity of Landlord or its agents entering the Premises for any purposes in this Lease authorized, or for repairing the

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  Premises or any portion of the Building or the Complex however the necessity may occur. In case Landlord is prevented or delayed from making any repairs, alterations or improvements, or furnishing any services or performing any other covenant or duty to be performed on Landlord’s part, by reason of any cause reasonably beyond Landlord’s control, including, without limitation, by reason of Force Majeure (as defined in Section 14.1 hereof) or for any cause due to any act or neglect of Tenant or Tenant’s servants, agents, employees, licensees or any person claiming by, through or under Tenant, Landlord shall not be liable to Tenant therefor, nor, except as expressly otherwise provided in this Lease, shall Tenant be entitled to any abatement or reduction of rent by reason thereof, or right to terminate this Lease, nor shall the same give rise to a claim in Tenant’s favor that such failure constitutes actual or constructive, total or partial, eviction from the Premises.

  (B)	Subject to Tenant’s express rights under this Section 7.7, Landlord reserves the right to stop any service or utility system, when necessary by reason of accident or emergency, or until necessary repairs have been completed; provided, however, that in each instance of stoppage, Landlord shall exercise reasonable diligence to eliminate the cause thereof. Except in case of emergency repairs, Landlord will give Tenant reasonable advance notice of any contemplated stoppage and will use reasonable efforts to avoid unnecessary inconvenience to Tenant by reason thereof.

  (C)	Notwithstanding anything to the contrary in this Lease contained, and except as provided in Section 7.7(E) below, if due to (i) any repairs, alterations, replacements, or improvements made by Landlord, (ii) Landlord’s failure to make any repairs, alterations, or improvements required to be made by Landlord hereunder, or to provide any service required to be provided by Landlord hereunder (including, without limitation, parking in the Number of Parking Spaces required under this Lease), or to remediate any Hazardous Materials (as that term is defined in Section 11.2 and provided such Hazardous Materials were not used, stored or disposed of at the Property or the Complex by Tenant or its agents, employees, subtenants or contractors), or (iii) the failure of electric supply, water and/or sewer service, all elevator service, HVAC service or all access to the Premises, any portion of the Premises is impacted so that for the Interruption Cure Period, as hereinafter defined, the continued operation in the ordinary course of Tenant’s business is materially adversely affected (including, without limitation, as the result of the Premises being rendered inaccessible as the result of any of the circumstances described in subsections (i), (ii) or (iii) above of this Section 7.7(C)), then, provided that Tenant ceases to use the affected portion of the Premises during the entirety of the Interruption Cure Period by reason of such event, and that such event and Landlord’s inability to cure the same is not caused by the fault or neglect of Tenant or Tenant’s agents, employees or contractors, Annual Fixed Rent, Operating Expenses Allocable to the Premises and Landlord’s Tax Expenses Allocable to the Premises shall thereafter be abated after the expiration of the Interruption Cure Period in proportion to the impact on the continued operation in the ordinary course of Tenant’s business in the Premises until the day such condition is completely corrected. If the entire Premises have not been impacted, the amount of abatement shall be equitably prorated, provided, however, if the remaining portion of the Premises is not reasonably sufficient to permit Tenant to effectively conduct its business therein (and Tenant was occupying and conducting business in the 

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  unaffected portion of the Premises immediately prior to the event or condition), and Tenant does not conduct its business in any portion of the Premises due to such event or condition, then such abatement shall include such other portions of the Premises which Tenant is not able to and does not in fact use for the conduct of its business. For the purposes hereof, the “Interruption Cure Period” shall be defined as five (5) consecutive business days after Landlord’s receipt of written notice from Tenant of the condition causing the impact in the Premises, provided however, that the Interruption Cure Period shall be ten (10) consecutive business days after Landlord’s receipt of written notice from Tenant of such condition causing the impact in the Premises if either the condition was caused by causes beyond Landlord’s control or Landlord is unable to cure such condition as the result of causes beyond Landlord’s control. Notwithstanding the foregoing, Landlord shall promptly commence and diligently proceed to effect the repair or restoration of the affected portion of the Premises or the Property as soon as reasonably possible following the event giving rise to a remedy hereunder (or, if the repair or restoration is not within Landlord’s reasonable control, take such measures as are reasonably practicable to effect such repair or restoration).

  (D)	Notwithstanding anything to the contrary herein contained and subject to Section 7.7(E) below, if due to (i) any repairs, alterations, replacements, or improvements made by Landlord, (ii) Landlord’s failure to make any repairs, alterations, or improvements required to be made by Landlord hereunder (including, without limitation, parking in the Number of Parking Spaces required under this Lease), or to provide any service required to be provided by Landlord hereunder, or to remediate any Hazardous Materials (as that term is defined in Section 11.2 below and provided such Hazardous Materials were not used, stored or disposed of at the Property or the Complex by Tenant or its agents, employees, subtenants or contractors), or (iii) the failure or inadequacy of electric supply, water and/or sewer service, all elevator service, HVAC service or all access to the Premises, any material portion of the Premises is impacted so that for the Impacted Period, as hereinafter defined, the continued operation in the ordinary course of Tenant’s business is materially adversely affected (including, without limitation, as the result of the Premises being rendered inaccessible as the result of any of the circumstances described in subsections (i), (ii) or (iii) above of this Section 7.7(D)) then, provided that Tenant ceases to use the affected portion of the Premises during the entirety of the Impacted Period by reason of such event, and that such event and Landlord’s inability to cure the same is not caused by the fault or neglect of Tenant or Tenant’s agents, employees or contractors, for a period (the “Impacted Period”) of five (5) consecutive months (which five (5) month period shall be extended by the period of time, which shall not exceed an additional one (1) month, that Landlord is delayed in curing such condition as the result Force Majeure) after Landlord’s receipt of written notice of such condition from Tenant, then Tenant may terminate this Lease by giving Landlord written notice as follows:

  (1)	Said notice shall be given after the expiration of the Impacted Period.

  (2)	Said notice shall set forth an effective date which is not earlier than thirty (30) days after Landlord receives said notice.

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  (3)	If said condition is remedied on or before said effective date, said notice shall have no further force and effect.

  (4)	If said condition is not remedied on or before said effective date for any reason other than Tenant’s fault, as aforesaid, the Lease shall terminate as of said effective date, and the Annual Fixed Rent and Additional Rent due under the Lease shall be apportioned as of said effective date.

  (E)	The provisions of Sections 7.7(C) and (D) above shall not apply in the event of impairment to the Premises or inaccessibility caused by fire or other casualty, or taking (which shall be subject to the terms and conditions of Article XIV below). In addition, the provisions of Sections 7.7(C) and (D) above shall not apply to (i) any temporary reduction in the Number of Parking Spaces on the Property resulting from Landlord’s construction of a Structured Parking Deck on the Property either pursuant to Article XVIII or pursuant to and subject to the conditions of Article X of this Lease, or (ii) to minor reductions (not to exceed (15 parking spaces) in the Number of Parking Spaces available at the Property as the result of unusually high snow accumulations. Nothing contained in this Section 7.7 shall be construed so as to preclude Tenant from exercising its self-help rights under Section 16.17(B) below; provided, however, that notwithstanding anything contained in this Section 7.7 to the contrary, if Tenant so exercises its rights under said Section 16.17(B), then any abatement of Annual Fixed Rent and Additional Rent shall cease from and after the date that the applicable condition in the Premises would have been eliminated by the exercise of reasonable diligence, but for Tenant’s exercise of its rights under Section 16.17(B), taking into account any period of time which Tenant is delayed by Force Majeure.

  7.8	Hazardous Materials. Landlord represents and warrants to Tenant that, as of the Substantial Completion Date, the Building will be free of any Hazardous Materials (as defined in Section 11.2) that are required to be removed or abated in accordance with applicable Hazardous Materials Laws. Landlord makes no representations with respect to portions of the Complex outside of the Property. Subject to the limitations of Section 16.24 hereof, Landlord shall comply with all Hazardous Materials Laws relating to the Building and the Property (including, without limitation, in its performance of the Landlord’s Work) and shall use commercially reasonable efforts to remove or abate, as required by applicable Hazardous Materials Laws and without inclusion in Operating Expenses, (x) Hazardous Materials that are present in the Building as the result of the actions of Landlord, its employees, agents or contractors, and (y) Hazardous Materials that existed in, at or on the Premises, the Building or the Property prior to the Commencement Date or that existed as of the Commencement Date and subsequently migrated to the Premises, the Building or the Property from another property. Notwithstanding the foregoing but without limitation of Tenant’s rights under Section 7.7(C) and Section 7.7(D) of this Lease, Landlord’s obligation to comply with Hazardous Materials Laws and to remove or abate Hazardous Materials pursuant to this Section 7.8 shall not apply to (i) requirements of Hazardous Materials Laws resulting from the use of Hazardous Materials, or additions, alterations or improvements in the

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  Premises (other than the Landlord’s Work), by Tenant or anyone claiming by, through or under Tenant, or (ii) Hazardous Materials which are in the Building or on the Property because of the action of Tenant, or any employee, agent, contractor, subtenant, occupant or invitee of Tenant or any other tenant or occupant of the Building. Landlord will use commercially reasonable efforts, consistent with the nature of any work being performed, to perform any removal or remediation of Hazardous Materials required by Landlord under this Lease in a manner which will not unreasonably interfere with Tenant’s use of and access to the Premises and the parking areas which Tenant is entitled to use on the Property and in the Complex. In the event of any removal, encapsulation or remediation work in the Premises, Landlord agrees, upon receipt of a written request, to provide Tenant with copies of the documentation and/or reports received by Landlord with respect to such removal or remediation in the Premises.

  Subject to the limitations of Section 16.24 hereof, Landlord agrees to defend with counsel first approved by Tenant (counsel appointed by Landlord’s insurance carrier shall be deemed approved by Tenant and for any other circumstances such approval shall not be unreasonably withheld or delayed), indemnify and save Tenant harmless from liability, loss and damage to persons or property and from any claims, actions, proceedings and expenses in connection therewith resulting from the failure of Landlord to fulfill its obligations under this Section 7.8 or any breach of Landlord’s representations and warranties under this Section 7.8; provided, however, that in no event shall the foregoing indemnity render Landlord liable for any loss or damage to Tenant’s Property and Landlord shall in no event be liable for indirect or consequential damages.

  ARTICLE VIII

  Tenant’s Repairs

  8.1	Tenant’s Repairs and Maintenance

  Tenant covenants and agrees that, from and after the Commencement Date and until the end of the Lease Term, Tenant will keep neat and clean and maintain in good order, condition and repair the Premises (including, without limitation, all plumbing, mechanical, electrical, fire safety, sprinkler and ventilation facilities installed by Tenant and any special equipment attached to or made a part of the Building or its systems by Tenant and, if installed, the Emergency Generator and Generator Connections (as defined in Section 9.8 below)), the Rooftop Terrace and the Outdoor Terrace Area and every part thereof, excepting only reasonable wear and tear of the Premises and those repairs and other obligations for which Landlord is expressly responsible under the terms of Article Vll of this Lease and, subject to Tenant’s obligations under Article XIV of this Lease, damage by fire or casualty and as a consequence of the exercise of the power of eminent domain. Tenant shall not permit or commit any waste, and, subject to Section 13.13, Tenant shall be responsible for the cost of repairs which may be made necessary by reason of damages to common areas in the Building or the Complex by Tenant, Tenant’s agents, employees, contractors, sublessees, licensees, concessionaires or invitees. Tenant shall maintain all its equipment, furniture and furnishings in good order and repair. Subject to the foregoing, Tenant shall be responsible for all repairs, 

   

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  maintenance and replacement of all systems and facilities located within and exclusively serving the Premises (e.g., Tenant's distribution of electricity, sprinkler and HVAC facilities within the Premises installed as part of the Tenant's Work or otherwise by or on behalf of Tenant, in each case as distinguished from Landlord's Work). Notwithstanding any provision to the contrary, Tenant's obligations under this Section shall not include making any repair or improvement (y) to the extent necessitated by the negligence or willful conduct of Landlord, any Landlord Party, Overlandlord or any of Overlandlord's agents, employees or contractors that is not covered by the insurance required to be carried by Tenant under this Lease, or (z) to the extent caused by Landlord's failure to perform its obligations hereunder. 

  If repairs are required to be made by Tenant pursuant to the terms hereof, Landlord may demand that Tenant make the same forthwith, and if Tenant refuses or neglects to commence such repairs and complete the same with reasonable dispatch after such demand and within the applicable time period therefor set forth in Section 15.1 of this Lease (except in the case of emergency, including without limitation, notice of an unsafe condition in the Premises, in which event Landlord may make such repairs immediately and without notice), Landlord may (but shall not be required to do so) make or cause such repairs to be made and shall not be responsible to Tenant for any loss or damage that may accrue to Tenant's stock or business by reason thereof. If Landlord makes or causes such repairs to be made, Tenant agrees that Tenant will forthwith on demand, pay to Landlord as Additional Rent the cost thereof together with interest thereon at the rate specified in Section 16.21, and if Tenant shall default in such payment, Landlord shall have the remedies provided for non-payment of rent or other charges payable hereunder. 

  ARTICLE IX 

  Alterations 

  9.1 	Landlord's Approval 

  (A)	Tenant covenants and agrees not to make alterations, additions or improvements (“Alterations”) to the Premises, whether before or during the Lease Term, except in accordance with plans and specifications therefor first approved by Landlord in writing, which approval shall not be unreasonably withheld or delayed. However, Landlord's determination of matters relating to aesthetic issues relating to Alterations which are visible outside the Premises shall be in Landlord's sole discretion. Without limiting such standard. Landlord shall not be deemed unreasonable for withholding approval of any Alterations (including, without limitation, any Alterations to be performed by Tenant under Article III) which (i) in Landlord's opinion might adversely affect any structural or exterior element of the Building, any area or element outside of the Premises or any facility or base building mechanical system serving any area of the Building outside of the Premises, or (ii) subject to Tenant's express rights under this Lease, involve or affect the exterior design, size, height or other exterior dimensions of the Building, or (iii) enlarge the Rentable Floor Area of the Premises (except in connection with Tenant's rights under Article XVIII below), or (iv) except with respect to Tenant's Work, are inconsistent, in Landlord's judgment, with alteration standards in similar Class A 

   

   

   

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  buildings in the Market Area, or (v) will require unusual expense to remove and prepare for normal re-use of the Premises on Lease termination (Landlord hereby agreeing that it will not withhold its consent to the installation of new internal staircases (as opposed to replacements of existing staircases in the Building) on the grounds that the same require unusual expense to readapt, provided that Landlord may nonetheless withhold such approval on other grounds or condition approval on the Premises being restored at the end of the Term to its condition prior to the installation of such new internal staircases) or increase the cost of construction of or insurance or taxes on the Building or of the services called for by Section 7.3 unless Tenant first gives assurance acceptable to Landlord for payment of such increased cost will be made prior to such termination without expense to Landlord, or (vi) will adversely affect, in Landlord's reasonable opinion, the issuance or maintenance of any LEED rating in effect for the Building, (the foregoing Alterations described in subclauses (i) through (vi) being sometimes collectively referred to as “Special Improvements”). 

  Landlord agrees that Tenant may install, operate and manage a fitness facility in the Premises with showers and locker rooms (collectively, the “Fitness Facilities”) for use by Tenant's employees and invitees, provided that (a) all particulars of the initial design thereof shall be subject to Landlord's written approval, which shall not be unreasonably withheld, conditioned or delayed, but may include requirements for special ventilation, fire protection, domestic hot water, waste drainage and exhaust system, and supplemental HVAC units, all of which shall be installed, operated, cleaned, maintained, repaired, replaced and performed, as the case may be, by and at the expense of Tenant, (b) Tenant shall be responsible to pay for any changes to any of the base building systems or facilities or Landlord's Work that may be required to accommodate the Fitness Facilities, (c) Tenant shall perform, at Tenant's sole cost and expense, any structural reinforcement of the floors of the Fitness Facilities reasonably required by Landlord, (d) Tenant obtains any and all licenses and permits necessary therefor and copies are provided to Landlord, (e) Landlord will bring the base building HVAC to the Fitness Facility in accordance with the terms of Schedule I to Exhibit B of this Lease and Tenant shall be responsible, at Tenant's expense, for the distribution of HVAC within the Fitness Facility and for the installation therein of any supplemental HVAC system or equipment required in order to provide sufficient HVAC service in such Fitness Facility for Tenant's use and to satisfy any applicable Legal Requirements, and (f) in no event shall the Fitness Facilities be open to the public. Landlord agrees, upon Tenant's request, to perform any repairs, maintenance and/or janitorial services requested by Tenant to the Fitness Facilities, at Tenant's sole cost and expense as Additional Rent (but without mark-up by Landlord, but with the costs separately allocated as a “Special Service” payable by Tenant and not subject to the Expense Cap set forth in Section 7.5(C) below (but without mark-up by Landlord). 

  (B) 	In the case of all Alterations, Tenant shall, subject to Section 9.7, deliver reasonably detailed plans and specifications to Landlord at the time Tenant seeks Landlord's approval. All Alterations shall become a part of the Building upon the expiration or earlier termination of this Lease unless Landlord shall specify the same for removal at the time consent is given by Landlord as hereinafter set forth, as “Required Removables.” If Tenant shall make any Alterations that are considered Required 

   

   

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  Removables (as hereinafter defined), then Landlord may elect, provided Landlord so elects at the time Tenant requests Landlord's consent to such Alterations, to require Tenant at the expiration or sooner termination of the Term of this Lease to remove such Alterations and restore the Premises to substantially the same condition as existed prior to the installation of such Required Removables. For the purposes hereof, “Required Removables” shall mean include, without limitation, data centers in excess of 3,000 square feet of rentable floor area (either singly or collectively), non-core restrooms (and any horizontal plumbing lines associated with such restrooms), locker rooms, showers outside of the Fitness Facilities and cafeterias or full-service kitchens (but not the type of kitchenettes typically found in first class office buildings) installed by or on behalf of Tenant (other than as part of Landlord's Work) and any Special Improvements. 

  Notwithstanding the foregoing, Landlord agrees that Tenant will not be obligated to remove at the end of the Lease Term (i) Tenant's wiring and cabling installed in the Building, (ii) the Fitness Facilities, and (iii) existing staircases (internal or external) in or at the Building as of the Commencement Date. 

  (C) 	Landlord shall use reasonable efforts to respond to any request from Tenant for its consent to Alterations within ten (10) business days after receipt of the plans and specifications from Tenant (excluding any of Tenant's Plans (as defined in Exhibit B) submitted pursuant to the Work Agreement attached hereto as Exhibit B which shall be governed by the terms of such Work Agreement), or such longer period in the event of any structural alterations that Landlord requires be reviewed by a third party consultant. If Landlord does not respond to Tenant within such ten (10) business day period following receipt of Tenant's request and submission of complete plans and specifications as required under this Section 9.1, Tenant may deliver a second notice (a “Deemed Approval Notice”) to Landlord that indicates in bold, capitalized text that “THIS IS A TIME SENSITIVE NOTICE AND LANDLORD SHALL BE DEEMED TO CONSENT TO THE PROPOSED ALTERATION IF IT FAILS TO RESPOND TO THIS SECOND REQUEST FOR CONSENT WITHIN FIVE (5) BUSINESS DAYS AFTER RECEIPT,” and if Landlord fails to respond within five (5) business days after delivery of such notice, then Landlord's failure to respond to the proposed Alterations shall be deemed to be an approval by Landlord of the proposed Alterations. Landlord's review and approval of any such plans and specifications under this Section 9.1 or under Exhibit B and consent to perform work described therein shall not be deemed an agreement by Landlord that such plans, specifications and work conform with applicable Legal Requirements and requirements of insurers of the Building and the other requirements of the Lease with respect to Tenant's insurance obligations (herein called “Insurance Requirements”) nor deemed a waiver of Tenant's obligations under this Lease with respect to applicable Legal Requirements and Insurance Requirements nor impose any liability or obligation upon Landlord with respect to the completeness, design sufficiency or compliance of such plans, specifications and work with applicable Legal Requirements and Insurance Requirements. Further, Tenant acknowledges that Tenant is acting for its own benefit and account, and that Tenant shall not be acting as Landlord's agent in performing any work in the Premises, accordingly, no contractor, subcontractor or supplier shall have a right to lien Landlord's interest in the Complex in connection with any such work. Within 30 days after receipt of an invoice from Landlord, Tenant shall pay to Landlord, as a fee for Landlord's review of any plans or work (excluding any 

   

   

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  review respecting the Tenant's Work performed pursuant to Exhibit B for which a fee had previously been paid but including any review of plans or work relating to any assignment or subletting), as Additional Rent, an amount equal to the sum of: (i) $150.00 per hour for time reasonably required by Landlord's in-house personnel to perform such review (not to exceed $1,500 for any project involving interior, non-structural Alterations that do not impact any Building Systems), plus (ii) if Landlord reasonably determines that a third-party consultant is needed to review such work or plans, the reasonable third party expenses incurred by Landlord for such third party to review Tenant's plans and Tenant's work. 

  Upon and subject to the terms of this Article IX and other applicable terms and conditions of this Lease, Tenant may construct internal staircases between floors within the Premises and Tenant shall have the right to select the location of such internal staircases subject to Landlord's approval which shall not be unreasonably withheld so long as the same shall not adversely affect the structural integrity of the Building. 

  9.2 	Conformity of Work 

  Tenant covenants and agrees that any Alterations or installations made by it to or upon the Premises shall be done in a good and workmanlike manner and in compliance with all applicable Legal Requirements and Insurance Requirements now or hereafter in force, that materials of first and otherwise good quality shall be employed therein, that the structure of the Building shall not be endangered or impaired thereby and that the Premises shall not be diminished in value thereby. 

  9.3 	Performance of Work, Governmental Permits and Insurance 

  All of Tenant's Alterations (including the Tenant's Work) and installation of furnishings shall be coordinated with any work being performed by or for Landlord and in such manner as to maintain harmonious labor relations and not to damage the Building or Complex or interfere with Building construction or operation and, except for installation of furnishings, shall be performed by Landlord's general contractor or by contractors or workers first approved by Landlord, which approval will not be unreasonably withheld or delayed. Notwithstanding the foregoing but subject to the terms of this Lease, Landlord agrees that Tenant will not be required to use union labor to perform the Tenant's Work (as defined in Exhibit B) or related installations so long as no contractor, subcontractor or other worker engaged by Tenant causes, or in Landlord's reasonable discretion may cause, any labor disruption, disharmony, strike, picketing at the Building (“Labor Disharmony”) or otherwise interferes with Landlord's management, operation or construction of the Building. Except for work by Landlord's general contractor, Tenant shall procure all necessary governmental permits before making any repairs. Alterations or installations. Tenant agrees to save harmless and indemnify Landlord from any and all injury, loss, claims or damage to any person or property occasioned by or arising out of the doing of any such work whether the same be performed prior to or during the Term of this Lease except to the extent resulting from the negligence or willful misconduct of Landlord or any Landlord Party. At Landlord's election, Tenant shall cause any subcontractors performing any major trades (defined as the trades expected to cost in 

   

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  excess of $200,000.00) to maintain a payment and performance bond in such amount and with such companies as Landlord shall reasonably approve but not to exceed 1.5 times the total contract costs of the Alterations. In addition, Tenant shall cause each contractor to carry insurance in accordance with Section 13.14 hereof and to deliver to Landlord certificates of all such insurance. Tenant shall also prepare and submit to Landlord a set of as-built plans and operations and maintenance manuals, in both print and electronic (pdf and Auto-Cad) forms, showing such work performed by Tenant to the Premises promptly after any such Alterations or installations are substantially complete and promptly after any wiring or cabling for Tenant's computer, telephone and other communications systems is installed by Tenant or Tenant's contractor, provided, however, that if the work is not of a nature where as-built plans would customarily be prepared, Tenant shall only be required to prepare and submit the type of plans that would customarily be prepared in connection with such work. Without limiting any of Tenant's obligations hereunder, Tenant shall be responsible, as Additional Rent, for the costs of any Alterations in or to the Building that are required in order to comply with Legal Requirements as a result of any Alterations performed by Tenant. Landlord shall have the right to provide commercially reasonable rules and regulations relative to the performance of any alterations, additions, improvements and installations by Tenant hereunder and Tenant shall abide by all such commercially reasonable rules and regulations and shall cause all of its contractors to so abide including, without limitation, payment for the costs of using Building services. Tenant acknowledges and agrees that Landlord shall be the owner of any additions, alterations and improvements in the Premises or the Building including the Landlord's Work and the Tenant's Work to the extent paid for by Landlord, provided, however, Tenant shall in all events be the owner of Tenant's furniture, fixtures and equipment in the Premises. With respect only to the performance of the Tenant's Work, in the event of any conflict between the provisions of this Article IX and Exhibit B to this Lease with respect to such Tenant's Work, the terms and provisions of Exhibit B shall control. 

  Landlord will not charge Tenant for use of freight and/or passenger elevators and loading dock during the performance of any Alterations except that Tenant shall be responsible to pay for after-hours supervisory charges for a Landlord property manager or supervisor to the extent Tenant is performing the Alterations outside of Normal Business Hours and for any actual third party costs incurred in connection with any construction related building services during the performance of such Alterations, including shut-down charges, tap in charges, sprinklers drain down fees, fire alarm testing and similar tests and inspections. Tenant shall be responsible for the removal and disposal of Tenant's Work construction debris in accordance with Landlord's commercially reasonable rules and regulations for the performance of tenant work in the Building. 

  9.4 	Liens 

  Tenant covenants and agrees to pay promptly when due the entire cost of any work done on the Premises by Tenant, its agents, employees or contractors, and not to cause or permit any liens for labor or materials performed or furnished in connection therewith to attach to the Premises or the Building or the Complex and to discharge any such liens (by 

   

   

   

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  bonding, discharge by lienor, or otherwise) which may so attach within twenty (20) days after the earlier of notice from Landlord or Tenant's knowledge of such lien filing. 

  9.5 	Nature of Alterations 

  All work, construction, repairs, Alterations or installations made to or upon the Premises (including, but not limited to, the construction performed by Landlord under Article IV), shall become part of the Premises and shall become the property of Landlord and remain upon and be surrendered with the Premises as a part thereof upon the expiration or earlier termination of the Lease Term, except as follows: 

  (a) 	All trade fixtures and equipment whether by law deemed to be a part of the realty or not, installed at any time or times by Tenant or any person claiming under Tenant shall remain the property of Tenant or persons claiming under Tenant and may be removed by Tenant or any person claiming under Tenant at any time or times during the Lease Term or any occupancy by Tenant thereafter and shall be removed by Tenant at the expiration or earlier termination of the Lease Term if so requested by Landlord. Tenant shall repair any damage to the Premises occasioned by the removal by Tenant or any person claiming under Tenant of any such property from the Premises. 

  (b) 	At the expiration or earlier termination of the Lease Term, Tenant shall remove all Required Removables (as defined in Section 9.1) and, to the extent specified for removal by Landlord at the time Landlord approves the same under Article III above or Section 9.1, all other alterations, additions and improvements made with Landlord's consent during the Lease Term for which such removal was made a condition of such consent under Section 9.1. Upon such removal Tenant shall repair any damage caused by such removal and restore the Premises and other affected areas of the Building and the Complex and leave them neat and clean. 

  (c) 	If Tenant shall make any Alterations to the Premises for which Landlord's approval is required under Section 9.1 without obtaining such approval (and except when such Alterations are deemed approved pursuant to Section 9.1(c) of this Lease), then at Landlord's request at any time during the Lease Term, and at any event at the expiration or earlier termination of the Lease Term, Tenant shall remove such Alterations and restore the Premises to their condition prior to same and repair any damage occasioned by such removal and restoration. Nothing herein shall be deemed to be a consent to Tenant to make any such alterations, additions or improvements, the provisions of Section 9.1 being applicable to any such work. 

  9.6 	Increases in Taxes 

   

   

   

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  Tenant shall pay, as Additional Rent, one hundred percent (100%) of any increase in real estate taxes on the Building which shall, at any time after the Commencement Date, result from Alterations to the Premises made by Tenant if the taxing authority specifically determines such increase results from such Alterations made by Tenant. 

  9.7 	Alterations Permitted Without Landlord's Consent 

  Notwithstanding the terms of Section 9.1, Tenant shall have the right, without obtaining the prior consent of Landlord but upon notice to Landlord given ten (10) days prior to the commencement of any work (which notice shall specify the nature of the work and specify the nature of the Alterations in reasonable detail), to make Alterations to the Premises where: 

  (i)	the same are within the interior of the Premises within the Building, and do not affect the exterior of the Premises and the Building; 

  (ii)	the same do not affect the roof or any structural element of the Building and do not materially, adversely affect the mechanical, electrical, plumbing, heating, ventilating, air-conditioning and/or fire protection systems of the Building; 

  (iii)	either (a) such Alterations do not require the issuance of a building permit by the appropriate municipal authority or (b) the cost of any individual alteration, Alteration project shall not exceed $200,000.00 and the aggregate cost of said Alterations made by Tenant during the initial Lease Term pursuant to this Section 9.7 shall not exceed $1,000,000.00 in cost; and 

  (iv)	Tenant shall comply with the provisions of this Lease and if such Alterations increase the cost of insurance or taxes or of services, Tenant shall pay for any such increase in cost. 

  provided, however, that Tenant shall, no later than ten (10) days after the making of such changes, send to Landlord plans and specifications describing the same in reasonable detail and provided further that Landlord may, by notice to Tenant given no later than thirty (30) days subsequent to the date on which the plans and specifications are submitted to Landlord, require Tenant to restore the Premises to its condition prior to such alteration, addition or improvement upon the expiration or earlier termination of the Lease Term. 

  9.8 	Emergency Generator. Tenant may, at its sole cost and expense, install an emergency generator (the “Emergency Generator”) in a location (“Generator Location”) at the Property to be designated by Landlord and certain connections between the Emergency Generator and the Premises (the “Generator Connections”). The exact specifications of the Emergency Generator and the Generator Connections, the method of installing the Emergency Generator and the Generator Connections and the location on the Property for the Emergency Generator and the Generator Connections shall all be subject to Landlord's prior written approval, which shall not be unreasonably withheld or delayed. 

   

   

   

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  Tenant and Tenant's contractors shall have reasonable access to Generator Location in order to inspect, service, repair, maintain and replace the Emergency Generator and Generator Connections, subject to Landlord's reasonable rules and regulations of which Tenant has been given prior notice relative to such access and use. 

  Tenant's use of the Emergency Generator shall be upon all of the conditions of the Lease, except as modified below: 

  (A) 	It is understood and agreed that Tenant shall be responsible, at its sole cost and expense, for installing the Generator Connections. In addition to complying with the applicable construction provisions of this Lease, Tenant shall not install or operate the Generator Connections in any portion of the Building or the Property until (x) Tenant shall have obtained Landlord's prior written approval, of the Emergency Generator and the Generator Connections, as provided above, and (y) Tenant shall have obtained and delivered to Landlord copies of all required governmental and quasi-governmental permits, approvals, licenses and authorizations necessary for the lawful installation, operation and maintenance of the Emergency Generator and the Generator Connections. 

  (B) 	Tenant shall have no obligation to pay Annual Fixed Rent, Landlord's Tax Expenses Allocable to the Premises or Operating Expenses Allocable to the Premises in respect of the Emergency Generator or the Generator Connections. 

  (C) 	The Emergency Generator may be used to provide back-up power for Tenant's business operations in the Premises. 

  (D) 	Landlord shall have no obligation to provide any services to the Emergency Generator. Tenant shall, at its sole cost and expense and otherwise in accordance with the provisions of this Article IX, arrange for all utility services required for the operation of the Emergency Generator. 

  (E) 	Tenant shall, at its sole cost and expense, be solely responsible for all maintenance and repair to the Emergency Generator and the Generator Connections. In connection therewith, Tenant shall provide Landlord with evidence on an annual basis of the existence of a maintenance contract for the Emergency Generator with a service provider reasonably acceptable to Landlord. 

  (F) 	Tenant shall have no right to make any changes, alterations, signs, or other improvements to the Emergency Generator or the Generator Connections without Landlord's prior written consent, which consent shall not be unreasonably withheld or delayed. 

  (G) 	Tenant shall be responsible for the cost of repairing any damage to the Building caused by its use of the Emergency Generator and the Generator Connections. 

  (H) 	Except for assignees of this Lease or subtenants of all or a portion of the Premises, no other person, firm or entity (including, without limitation, other 

   

   

   

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  tenants, licensees or occupants of the Building) shall have the right to connect to the Emergency Generator other than Tenant. 

  (I) 	To the maximum extent permitted by law, Tenant's use of the Emergency Generator and the Generator Connections shall be at the sole risk of Tenant, and Landlord shall have no liability to Tenant in the event that the Emergency Generator or the Generator Connections are damaged for any reason. 

  (J) 	Tenant shall comply with all applicable laws, ordinances and regulations in Tenant's use of the Emergency Generator and the Generator Connections. 

  (K) 	Landlord shall have the right, upon no less than ninety (90) days' notice to Tenant and at Landlord's sole cost and expense, to relocate the Emergency Generator and the Generator Connections to another location at the Property reasonably acceptable to Tenant provided that such relocation does not adversely affect Tenant's use of the Emergency Generator and the Generator Connections. Landlord and Tenant shall cooperate with each other in good faith to schedule such relocation work on nights and weekends so as to minimize interference with Tenant's business operations. Any such relocation by Landlord shall not independently (in the absence of another cause) be deemed to constitute a service interruption under Section 7.7(C) or (D) above. 

  (L) 	The Emergency Generator and the Generator Connections shall be deemed to be a part of the Premises for the purposes of the indemnity and insurance provisions of Article XIII below. In addition to and not in limitation of the foregoing, Tenant shall, to the maximum extent permitted by law, indemnify, defend, and hold Landlord, its agents, contractors and employees harmless from any and all claims, losses, demands, actions or causes of actions suffered by any person, firm, corporation, or other entity arising from Tenant's use of the Emergency Generator and the Generator Connections. 

  (M) 	Landlord shall have the right to designate or identify the Emergency Generator with or by a lease or license number (or other marking) and to place such number (or marking) on or near such Emergency Generator. 

  (N) 	Tenant shall be responsible to disconnect from the Building Emergency Generator at the expiration or earlier termination of the Lease Term. It is expressly understood and agreed that Landlord may require removal of the Emergency Generator and Generator Connections at the end of the Term, but that Tenant may elect to remove the Emergency Generator and Generator Connection at any time during the Lease Term. 

   

  ARTICLE X

  Parking

   

   

   

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  10.1 	Parking Rights 

  (A) 	Tenant shall have the right, free of charge for the Term of this Lease, to access and use, throughout the Term, the Number of Parking Spaces referred to in Section 1.2 (i.e. 4.0 spaces per 1,000 of Rentable Floor Area of the Primary Premises), subject to the terms and conditions of this Article X, for the parking of automobiles in single, non-tandem parking spaces. The Number of Parking Spaces which Tenant may use shall be located on the Property except that .6 spaces per 1,000 of Rentable Floor Area of the Premises (i.e. 69 parking spaces) from Tenant's Number of Parking Spaces (the “Off Premises Spaces”) will be located in the surface parking areas in the Complex (the “Complex Parking Area”) and such parking rights in the Complex Parking Area shall be on a non-exclusive, unreserved basis and subject to commercially reasonable rules and regulations of general applicability to tenants of the Complex from time to time in effect and of which Tenant is given notice. Subject to applicable Legal Requirements for designation of handicapped spaces and other requirements for Landlord to obtain its desired LEED certifications, Tenant's right to access and use the parking spaces located (i) in the covered parking area on the Property to be constructed by Landlord beneath the Building as part of the Landlord's Work, and (ii) in the area of the Property identified as “Area B” on the Site Plan shall be exclusive to Tenant at all times during the Lease Term. Tenant's right to access and use the parking spaces in the area of the Property identified as “Area A” on the Site Plan shall be exclusive to Tenant only on weekdays (exclusive of Holidays) and only during the hours of 7:00 a.m. to 6:00 p.m. (the “Exclusive Area A Parking Hours”) and outside of such Exclusive Area A Parking Hours, Tenant's right to access and use the parking spaces on the Property located in “Area A” shall be on a non-exclusive, unreserved, first come, first served basis. In the event that the Rentable Floor Area of the Primary Premises increases or decreases at any time during the Lease Term, the Number of Parking Spaces provided to Tenant hereunder shall be increased or reduced proportionately (subject to the provisions of subsection (B) below) in accordance with the parking ratio set forth in Section 1.2 and subject to inclusion of the Additional Parking Facility Costs (as defined in Section 18.1) in the Annual Fixed Rent for the Expansion Premises (as defined in Section 18.1)). Subject to applicable Legal Requirements for designation of handicapped spaces and other requirements for Landlord to obtain its desired LEED certification for the Property, Tenant may install (y) signs or other markings approved by Landlord (which approval will not be unreasonably withheld, conditioned or delayed) on the covered parking spaces located beneath the Building and on the parking spaces located on “Area B” of the Property to indicate that the such parking spaces are available only for use by Tenant and its employees and visitors, and (z) up to three (3) signs of a size and in locations approved by Landlord (which approval will not be unreasonably withheld) in the “Area A” parking area to indicate the use of the parking spaces in such “Area A” are reserved for Tenant's use during the Exclusive Area A Parking Hours. In no event shall Tenant install any such signage or markings on any of the actual parking spaces in such “Area A” parking area on the Property. 

   

   

   

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  Notwithstanding the foregoing, Landlord may elect at any time during the Lease Term, upon at least four (4) months prior written notice to Tenant and at Landlord's sole cost and expense, to construct a new structured parking deck in a portion of the “Area A” parking area (the “Structured Parking Deck”) shown on the Site Plan and, in such event, upon completion of the Structured Parking Deck, Tenant's exclusive right to use the parking spaces in “Area A” will be amended to consist of the right to use the parking spaces in “Area A” on a non-exclusive, unreserved, first come, first served basis, provided that, during the Exclusive Area A Parking Hours, Tenant will have the right to use, on a reserved basis, the same Number of Parking Spaces that were available to Tenant in the “Area A” parking area prior to the construction of such Structured Parking Deck. If Landlord elects to construct a Structured Parking Deck, whether pursuant to this Section 10.1 or in connection with Tenant's exercise of its expansion option under Article XVIII, Tenant acknowledges and agrees that there may be a temporary disruption in parking in the “Area A” parking area in connection with such construction and Landlord shall exercise commercially reasonable and diligent efforts to substantially complete construction of the Structured Parking Deck in a timely manner and during any temporary disruption in parking in “Area A,” Landlord shall provide Tenant with an equivalent number of alternative parking spaces for Tenant's use either elsewhere on the Complex in reasonably proximity to the Building or by the use of valet or stacked parking in the parking areas on the Property during such construction. 

  10.2 	Parking Operations 

  Unless otherwise determined by Landlord, the parking areas at the Property and the Complex Parking Area will be operated on a self-parking basis, and Tenant shall be obligated to park and remove its own automobiles. The parking rights granted herein are non-transferable (other than to a permitted assignee or subtenant pursuant to the applicable provisions of Article XII hereof) but are available for use by Tenant, its permitted assignees and subtenants and their employees, contractors and invitees. Subject to Tenant's express rights under Section 10.1 of this Lease, Landlord reserves for itself and any other Complex Owner the right to alter the parking areas as it sees fit and in such case to change the parking areas including the reduction in area of the same, Tenant acknowledging that in connection with the potential expansion of buildings in the Complex or the addition of other buildings thereto, it may be necessary to make significant changes to the parking areas which may result in the reduction of the amount of parking available in the parking areas and the change of location of such parking or may change the access to or egress from the parking areas, all of which Landlord or any other owner of property in the Complex may perform in its sole and exclusive discretion so long as no such actions have a Tenant Adverse Impact. Notwithstanding the foregoing, except if required by applicable Legal Requirements or as the result of a casualty or taking pursuant to Article XIV of this Lease or an elimination of spaces due to Tenant's exercise of its adjustment option or expansion option under this Lease, in no event shall any changes to or reduction in the parking areas elected by Landlord or any other Complex Owner result in a reduction in the Number of Parking Spaces provided to Tenant pursuant to Section 1.2. 

   

   

   

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  Except for (a) normal and reasonable wear and use and (b) damage caused by fire or casualty and by eminent domain, Landlord shall, throughout the Lease Term, subject to provisions for reimbursement by Tenant as contained in Section 7.4 and Section 7.5 (including the exclusions from Landlord's Operating Expenses set forth in said Section 7.4), keep and maintain, or cause to be kept and maintained, the parking areas of the Property in good condition and repair, in compliance with all applicable Legal Requirements, and in a manner consistent with parking facilities in similar Class A mixed-use buildings in the Market Area, except that Landlord shall in no event be responsible to Tenant for any condition in the parking areas of the Property caused by any act or neglect of Tenant or any agent, employee, contractor, assignee, subtenant, licensee, concessionaire or invitee of Tenant and which is not covered by the insurance maintained or required to be maintained by Landlord pursuant to Section 13.12 of this Lease. 

  Tenant shall have access to the parking areas of the Property and the Off Premises Spaces twenty-four (24) hours per day, seven (7) days per week, subject to reasonable security restrictions and emergency condition. 

  10.3 	Limitations 

  Tenant covenants and agrees that it and all persons claiming by, through and under it, shall at all times abide by the Rules and Regulations promulgated by Landlord with respect to the use of the parking areas on the Property (which may include vehicle stickers and/or access card programs), provided such rules and regulations are not inconsistent with Tenant's rights under this Lease, and with respect to the Off Premises Spaces, subject to commercially reasonable parking rules and regulations of general applicability to tenants of the Complex from time to time made by Master Developer of which Tenant is given notice. The parking privileges granted herein are non-transferable except to a permitted assignee or subtenant as provided in Article XII or to a Permitted Occupant under Section 12.8 below. Further, Landlord assumes no responsibility whatsoever for loss or damage due to fire, theft or otherwise to any automobile(s) parked on the Complex or to any personal property therein, however caused, and Tenant covenants and agrees, upon request from Landlord from time to time, to notify its officers, employees, agents and invitees of such limitation of liability. Tenant acknowledges and agrees that a license only is hereby granted, and no bailment is intended or shall be created. 

  ARTICLE XI

  Certain Tenant Covenants

  Tenant covenants and agrees to the following during the Lease Term and for such further time as Tenant occupies any part of the Premises: 

  11.1 	To pay when due all Annual Fixed Rent and Additional Rent and all charges for utility services rendered to the Premises and except as otherwise provided in Exhibit C and, as further Additional Rent, all charges for additional and special services requested by 

   

   

   

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  Tenant and rendered pursuant to Section 7.3. In the event Tenant pays any utilities for the Premises directly to the utility company or provider, Tenant shall, upon written request from Landlord, provide Landlord with documentation of or access to Tenant's account with such utility company or provider so that Landlord has records of the utility bills relating to the Premises. 

  11.2 	To use and occupy the Premises for the Permitted Use only, and not to injure or deface the Premises or the Building or the Complex and not to permit in the Premises any auction sale, or flammable fluids or chemicals, or nuisance, or the emission from the Premises of any objectionable noise or odor, nor to use or devote the Premises or any part thereof for any purpose other than the Permitted Use, nor any use thereof which is inconsistent with the maintenance of the Building as an office building of the first-class in the quality of its maintenance, use and occupancy, or which is contrary to law or ordinance or liable to invalidate or increase the premiums for any insurance on the Building or its contents or liable to render necessary any alteration or addition to the Building. Further, (i) Tenant shall not, nor shall Tenant permit its employees, invitees, agents, independent contractors, contractors, assignees or subtenants to, keep, maintain, store or dispose of (into the sewage or waste disposal system or otherwise) or engage in any activity which might produce or generate any substance which is or may hereafter be classified as a hazardous material, waste or substance (collectively “Hazardous Materials”), under federal, state or local laws, governmental rules and regulations, including, without limitation, 42 U.S.C. Section 6901 et seq., 42 U.S.C. Section 9601 et seq., 42 U.S.C. Section 2601 et seq., 49 U.S.C. Section 1802 et seq. and Massachusetts General Laws, Chapter 21E, and the National Fire Protection Association NFPA 45: Standards of Fire Protection for Laboratories Using Chemicals and the rules and regulations promulgated under any of the foregoing, as such laws, rules and regulations may be amended from time to time (collectively “Hazardous Materials Laws”), (ii) Tenant shall promptly notify Landlord of any incident in, on or about the Premises, the Building or the Complex that would require the filing of a notice under any Hazardous Materials Laws, (iii) Tenant shall comply and shall cause its employees, invitees, agents, independent contractors, contractors, assignees and subtenants to comply with each of the foregoing and (iv) upon advance written notice and at reasonable times, Landlord shall have the right to make such inspections (including testing) as Landlord shall reasonably elect from time to time to determine that Tenant is complying with the foregoing. Notwithstanding the foregoing, Tenant may use normal amounts and types of Hazardous Materials and other substances typically used for Tenant's office operations (the “Office Operations Materials”), provided that Tenant uses, stores and disposes of such Hazardous Materials and other substances in the manner which they are normally used, and in compliance with all Hazardous Materials Laws and other applicable laws, ordinances, bylaws, governmental rules and regulations, and Tenant obtains and complies with all permits required by Hazardous Materials Laws or any other laws, ordinances, bylaws, rules or regulations prior to the use or presence of any such substances in the Premises. 

  Notwithstanding the foregoing and in addition to the Office Operations Materials, Tenant shall not, nor shall Tenant permit its employees, invitees, agents, independent contractors, contractors, assignees or subtenants to, keep, maintain, use or store any Hazardous 

   

   

   

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  Materials in the Premises (other than the Hazardous Materials listed in Exhibit S (and at no greater amounts and/or quantities than specified on Exhibit S) (“Tenant's Hazardous Materials”), provided that the same shall at all times be brought upon, kept or used in accordance with all applicable Hazardous Materials Laws (hereinafter defined) and to the extent any Alterations, including, without limitation, installation of life/safety and/or monitoring systems, are required with respect to the Premises and/or the Building under Legal Requirements or Hazardous Materials Laws as a result of Tenant's Hazardous Materials, Tenant, subject to the terms of this Lease, shall be solely responsible for performing and/or installing the same, at its cost, as a condition precedent to Tenant's right to use, store or dispose of, such Tenant's Hazardous Materials) unless the same are approved by Landlord, which approval shall not be unreasonably withheld, conditioned or delayed. Tenant shall deliver MSDS sheets (and proposed quantities) with all requests for approval of Hazardous Materials as required above, and shall be responsible for notifying all federal, state and local authorities (including the City of Waltham Fire Department) of the use, storage and disposal of Hazardous Materials by Tenant to the extent required by applicable Legal Requirements. Landlord agrees to respond to such request for approval within ten (10) business days of receipt of all of the foregoing. Tenant shall maintain at the Premises a list of all Hazardous Materials that the Tenant will keep, maintain, use or store at the Premises (the “Hazardous Materials Schedule”). On or before each anniversary of the Commencement Date, and on any earlier date during the 12-month period on which Tenant intends to add a new Hazardous Material to or increase the quantity of any Hazardous Material on the Hazardous Materials Schedule, Tenant shall update the Hazardous Materials Schedule and deliver the same to Landlord for Landlord's approval with respect to such new or increased Hazardous Materials as required above. The Hazardous Materials Schedule shall be reasonably available to the Landlord at the Premises upon the Landlord's written request. In addition, prior to the expiration or earlier termination of the Term, Tenant shall clean and leave the workshop area of the Premises and the Building (and the piping, sewage or waste disposal system, supply lines, drains and storage containers and basins serving the same, and all exhaust or other ductwork)free of all Hazardous Materials resulting from Tenant's use or occupancy of the Premises. 

  Landlord represents to Tenant that general office and accessory storage, and design and fabrication workshop for shoes and molds in an area not to exceed 2,500 rentable square feet of the Building are permitted uses as of right in the Building. 

  11.3 	Not to obstruct in any manner any portion of the Building or the Property not hereby leased or any portion thereof or any portion of the Complex used by Tenant in common with others; nor without prior consent of Landlord, and subject to Tenant's express rights under Article XVII, to permit the painting or placing of any signs, curtains, blinds, shades, awnings, aerials or flagpoles, or the like, visible from outside the Premises; and to comply with all reasonable rules and regulations now or hereafter made by Landlord, of which Tenant has been given notice, for the care and use of the Building and the Property and their facilities and approaches, and provided such rules and regulations are not inconsistent with Tenant's rights under this Lease. 

   

   

   

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  11.4 	Subject to the provisions of Section 8.1, to keep the Premises equipped with all safety appliances required by law or ordinance or any other regulation of any public authority because of any use made by Tenant other than normal office use, and to procure all licenses and permits so required because of any use made by Tenant other than normal office use, and, if requested by Landlord, to do any work so required because of such use, it being understood that the foregoing provisions shall not be construed to broaden in any way Tenant's Permitted Use. 

  11.5 	Not to place a load upon any floor in the Premises exceeding an average rate of 100 pounds of live load (including 20 pounds allocated for partitions) per square foot of floor area; and not to move any safe, vault or other heavy equipment in, about or out of the Premises except in such manner and at such time as Landlord shall in each instance authorize. Tenant's business machines and mechanical equipment shall be placed and maintained by Tenant at Tenant's expense in settings sufficient to absorb and prevent vibration or noise that may be transmitted to the Building structure or to any other space in the Building. 

  11.6 	To pay promptly when due all taxes which may be imposed upon personal property (including, without limitation, fixtures and equipment) in the Premises to whomever assessed. 

  11.7 	Subject to Landlord's obligation to perform the Landlord's Work in compliance with all applicable Legal Requirements and Landlord's obligations under Sections 7.1 and 7.2 of this Lease, to comply with all applicable Legal Requirements now or hereafter in force regarding the operation of Tenant's business or which impose a duty on Landlord or Tenant relating to or as a result of Tenant's particular use or occupancy of the Premises (as opposed to general office use); provided that Tenant shall not be required to make any alterations or additions required by Legal Requirements to be made to the Premises, the Building (including the Structural Elements and any of the base building systems), or the Common Areas of the Property to comply with Legal Requirements unless such alterations or additions are required by reason of: (x) Tenant's use of the Premises for other than general office use or Tenant's particular manner of use or manner of operation of Tenant's business, or (y) alterations, additions, or improvements made by or on behalf of Tenant (exclusive of the Landlord's Work). Tenant shall obtain and maintain all permits, licenses and the like, required by applicable Legal Requirements (including a certificate of occupancy following performance of Tenant's Work) in respect of Tenant's business and Tenant's use or occupancy of the Premises. Tenant, at its expense, after notice to Landlord, may contest, by appropriate proceedings prosecuted diligently and in good faith, the validity, or applicability to the Premises, of any law or requirement of any public authority, and may defer compliance with any such Legal Requirement that Tenant is obligated to comply with pursuant to this Section 11.7, provided that (i) Landlord shall not be subject to criminal penalty or to prosecution for a crime, or any other fine or charge, nor shall the Premises, or any part thereof, or the Building, or any part thereof, be subjected to any lien (unless Tenant shall remove such lien by bonding or otherwise) or encumbrance, by reason of non-compliance or otherwise by reason of such contest; (ii) no unsafe or hazardous condition remains unremedied and non-performance will not render or threaten to render Landlord or Tenant in violation of any statutory repair 

   

   

   

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  obligations applicable to the Premises or the Building; (iii) such non-compliance or contest shall not constitute or result in any violation of any mortgage or ground lease encumbering the Building or the Complex, or if any such mortgage or ground lease shall permit such non-compliance or contest on condition of the taking of action or furnishing of security by Landlord, such action shall be taken and such security shall be furnished at the expense of Tenant; (iv) such non-compliance or contest shall not prevent Landlord from obtaining any and all permits and licenses in connection with the operation of the Building or the performance of the Landlord's Work; and (v) Tenant shall keep Landlord advised as to the status of such proceedings. Tenant shall promptly pay all fines, penalties and damages that may arise out of or be imposed because of its failure to comply with the provisions of this Section 11.7. Tenant shall indemnify Landlord against the cost thereof and against all liability for damages, interest, penalties and expenses (including reasonable attorneys’ fees and expenses), resulting from or incurred in connection with such contest or non-compliance. 

  11.8 	Landlord encourages all employers at the Complex to become members of the 128 Business Council and to participate in programs offered by the Massachusetts Bay Transit Authority or other entities designed to encourage the use of mass transit. Landlord encourages all tenants in the Building to provide subsidies for the purchase by their employees of monthly transit passes and to inform their employees of the benefits of using monthly transit passes. The provision of transit pass subsidies may also offer certain benefits to employers under tax law. 

  11.9 	Any vendors engaged by Tenant to perform services in or to the Premises including, without limitation, janitorial contractors and moving contractors shall be coordinated with any work being performed by or for Landlord and in such manner as to maintain harmonious labor relations and to not unreasonably interfere with Building construction or operation. If Landlord notifies Tenant that a vendor engaged by Tenant is causing or is likely to cause any labor disruption or disharmony or is otherwise interfering with Landlord's operation of the Building, Landlord and Tenant agree to reasonably cooperate in good faith to promptly resolve any such disruption, disharmony or interference, as the case may be, provided that if such disruption, disharmony or interference is not resolved within a time period reasonably designated by Landlord, Tenant shall immediately dismiss such vendor. Tenant shall provide Landlord with reasonable prior notice of the identification of any vendors performing services in or to the Premises and insurance certificates required pursuant to Section 13.14 of this Lease. Any vendors performing work on behalf of Tenant in the Premises or the Building which, under applicable Legal Requirements, requires the issuance of a building permit shall be subject to Landlord's prior written approval, which approval shall not be unreasonably withheld or delayed. 

  11.10 	(A) 	As an inducement to Landlord to enter into this Lease, Tenant hereby represents and warrants that: (i) Tenant is not, nor is it owned or controlled directly or indirectly by, any person, group, entity or nation named on any list issued by the Office of Foreign Assets Control of the United States Department of the Treasury (“OFAC”) pursuant to Executive Order 13224 or any similar list or any law, order, rule or regulation or any Executive Order of the President of the United States as a terrorist, “Specially Designated National and Blocked Person” or other banned or blocked person (any such person, 

   

   

   

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  group, entity or nation being hereinafter referred to as a “Prohibited Person”); (ii) Tenant is not (nor is it owned, controlled, directly or indirectly, by any person, group, entity or nation which is) acting directly or indirectly for or on behalf of any Prohibited Person; and (iii) from and after the effective date of the above-referenced Executive Order, Tenant (and any person, group, or entity which Tenant controls, directly or indirectly) has not conducted nor will conduct business nor has engaged nor will engage in any transaction or dealing with any Prohibited Person in violation of the U.S. Patriot Act or any OFAC rule or regulation unless expressly authorized by OFAC or expressly exempted by statute, including without limitation any assignment of this Lease or any subletting of all or any portion of the Premises or the making or receiving of any contribution of funds, goods or services to or for the benefit of a Prohibited Person in violation of the U.S. Patriot Act or any OFAC rule or regulation unless expressly authorized by OFAC or expressly exempted by statute. In connection with the foregoing, it is expressly understood and agreed that (x) any breach by Tenant of the foregoing representations and warranties shall be deemed an Event of Default by Tenant under Section 15.1(d) of this Lease and shall be covered by the indemnity provisions of Section 13.1 below, and (y) the representations and warranties contained in this subsection shall be continuing in nature and shall survive the expiration or earlier termination of this Lease. Notwithstanding anything contained herein to the contrary, for the purposes of this subsection (A) the phrase “owned or controlled directly or indirectly by any person, group, entity or nation” and all similar such phrases shall not include (1) any holder of a direct or indirect interest in a publicly traded company whose shares are listed and traded on a United States or United Kingdom national stock exchange or (2) any limited partner, unit holder or shareholder owning an interest of five percent (5%) or less in Tenant. 

  (B) 	As an inducement to Tenant to enter into this Lease, Landlord hereby represents and warrants that: (i) Landlord is not, nor is it owned or controlled directly or indirectly by, any Prohibited Person; (ii) Landlord is not (nor is it owned or controlled, directly or indirectly, by any person, group, entity or nation which is) acting directly or indirectly for or on behalf of any Prohibited Person; and (iii) Landlord (and any person, group, or entity which Landlord controls, directly or indirectly) has not conducted nor will conduct business nor has engaged nor will engage in any transaction or dealing with any Prohibited Person that either causes or may cause Tenant to be in violation of any OFAC rule or regulation. In connection with the foregoing, is expressly understood and agreed that the representations and warranties contained in this subsection shall be continuing in nature and shall survive the expiration or earlier termination of this Lease. Notwithstanding anything contained herein to the contrary, for the purposes of this subsection (B) the phrase “owned or controlled directly or indirectly by an person, group, entity or nation” and all similar such phrases shall not include (x) any shareholder of Boston Properties, Inc., (y) any holder of a direct or indirect interest in a publicly traded company whose shares are listed and traded on a United States national stock exchange or (z) any limited partner, unit holder or shareholder owning an interest of five percent (5%) or less in Boston Properties Limited Partnership or the holder of any direct or indirect interest in Boston Properties Limited Partnership. 

   

   

   

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  ARTICLE XII 

  Assignment and Subletting 

  12.1 	Restrictions on Transfer 

  Except as otherwise expressly provided herein. Tenant covenants and agrees that it shall not assign, mortgage, pledge, hypothecate or otherwise transfer this Lease and/or Tenant's interest in this Lease or sublet (which term, without limitation, shall include granting of concessions, licenses or the like) the whole or any part of the Premises. If and so long as Tenant is a corporation with fewer than five hundred (500) shareholders or a limited liability company or a partnership, an assignment, within the meaning of this Article XII, shall be deemed to include one or more sales or transfers of stock or membership or partnership interests, by operation of law or otherwise, or the issuance of new stock or membership or partnership interests, by which an aggregate of more than fifty percent (50%) of Tenant's stock or membership or partnership interests shall be vested in a party or parties who are not stockholders or members or partners as of the date hereof, except that, notwithstanding the foregoing, the following shall not be considered an assignment or other transfer and is not subject to Landlord's consent under the provisions of this Article XII or otherwise: (a) a public offering of any stock of Tenant or any successor, assignee or subtenant; and (b) the transfer of the outstanding capital stock of or equity interests in Tenant or any other publicly traded entity by persons or parties through the “over the counter market” or through any recognized stock exchange shall not be deemed an assignment of this Lease. For the purpose of this Section 12.1, ownership of stock or membership or partnership interests shall be determined in accordance with the principles set forth in Section 544 of the Internal Revenue Code of 1986, as amended from time to time, or the corresponding provisions of any subsequent law. In addition, the merger or consolidation of Tenant into or with any other entity, or the sale of all or substantially all of its assets, shall be deemed to be an assignment within the meaning of this Article XII. Any assignment, mortgage, pledge, hypothecation, transfer or subletting not expressly permitted in or consented to by Landlord under this Article XII shall, at Landlord's election, be void; shall be of no force and effect; and shall confer no rights on or in favor of third parties. In addition, Landlord shall be entitled to seek specific performance of or other equitable relief with respect to the provisions hereof. The limitations of this Section 12.1 shall be deemed to apply to any guarantor(s) of this Lease. 

  12.2 	Tenant's Notice 

  Notwithstanding the provisions of Section 12.1 above, in the event Tenant desires to assign this Lease or to sublet the Premises (in whole or in part), Tenant shall give Landlord notice (the “Proposed Transfer Notice”) of any proposed sublease or assignment, and said notice shall specify the provisions of the proposed assignment or subletting, including (a) the name and address of the proposed assignee or subtenant, (b) in the case of a proposed assignment pursuant to Section 12.4 below, such information as to the proposed assignee's net worth and financial capability and standing as may reasonably be required for Landlord to make the determination referred to in said 

   

   

   

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  Section 12.4 (provided, however, that Landlord shall hold such information confidential having the right to release same to its officers, accountants, attorneys and mortgage lenders on a confidential basis), (c) all of the terms and provisions upon which the proposed assignment or subletting is to be made, and (d) in the case of a proposed assignment or subletting pursuant to Section 12.4 below, all other information necessary to make the determination referred to in said Section 12.4. In the case of a proposed assignment or subletting pursuant to Section 12.5 below, a notice shall be sent to Landlord providing the information in clause (a) of this Section 12.2 and such other information as may be reasonably required by Landlord to determine that such proposed assignment or subletting complies with the requirements of said Section 12.5. 

  12.3 	Landlord's Termination Right 

  In the event Tenant desires to (a) assign this Lease, or (b) to sublet all or substantially all of the total Rentable Floor Area of the Primary Premises for a term equal to all or substantially all of the remaining Term hereof (any such sublease being hereinafter referred to as a “Major Sublease”), Tenant shall give Landlord either (y) a Proposed Transfer Notice of any proposed sublease or assignment in the event Tenant already has a specific assignment or sublease transaction or (z) a notice stating that Tenant is contemplating entering into an assignment or Major Sublease (either such notice being hereinafter referred to as a “Notice of Intent to Transfer”) and Landlord shall have the right at its sole option, to be exercised (1) within thirty (30) days after receipt of Tenant's Notice of Intent to Transfer, or (2) within fifteen (15) business days after receipt of Tenant's Proposed Transfer Notice (such response time period, as applicable to the type of notice received from Tenant, being referred to herein as the “Acceptance Period”), to terminate this Lease as of a date specified in a notice to Tenant, which date shall be not earlier than one hundred twenty (120) days nor later than one hundred eighty (180) days after Landlord's notice to Tenant. In the event Landlord exercises such right of termination, Tenant may rescind Tenant's Notice of Intent to Transfer by delivering written notice thereof to Landlord within five (5) business days after Landlord's termination notice, in which case such Tenant's Notice of Intent to Transfer shall be deemed rescinded and void and of no further force and effect and Tenant shall not proceed with the proposed transfer. Upon the termination date as set forth in Landlord's notice, all obligations relating to the period after such termination date (but not those relating to the period before such termination date) shall cease and promptly upon being billed therefor by Landlord, Tenant shall make final payment of all Annual Fixed Rent and Additional Rent due from Tenant through the termination date. 

  In the event that Landlord shall not exercise its termination rights as aforesaid, or shall fail to give any or timely notice pursuant to this Section, the provisions of Sections 12.4, 12.6 and 12.7 shall be applicable. This Section 12.3 shall not be applicable to an assignment or sublease pursuant to Section 12.5. For purposes of this Section 12.3, a sublease shall be deemed to be for all or substantially all of the Premises if the proposed sublease space contains at least 90% of the total Rentable Floor Area of the Premises and a sublease shall be deemed to be for all or substantially all of the remaining Term of this Lease if such sublease would expire with less than twelve (12) months remaining prior to the expiration of the Term (taking into account any extension option previously exercised 

   

   

   

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  by Tenant). Notwithstanding anything herein to the contrary, if Landlord fails to exercise its rights under this Lease with respect to a Notice of Intent to Transfer within the Acceptance Period, Landlord will not thereafter have the right to exercise its rights under this Section 12.3 with respect to a Proposed Transfer Notice for any portion of the space identified in Tenant's previous Notice of Intent to Transfer provided Tenant's Proposed Transfer Notice is received within the one hundred fifty (150) day time period set forth in Section 12.4 below. 

  12.4 	Consent of Landlord 

  Notwithstanding the provisions of Section 12.1 above, but subject to the provisions of this Section 12.4 and the provisions of Sections 12.6 and 12.7 below, in the event that Landlord shall not have exercised the termination right as set forth in Section 12.3, or shall have failed to give any or timely notice under Section 12.3, then for a period of one hundred fifty (150) days after (i) the receipt of Landlord's notice stating that Landlord does not elect to exercise the termination right, or (ii) the expiration of the Acceptance Period, in the event Landlord shall not give any or timely notice under Section 12.3 as the case may be, Tenant shall have the right to assign this Lease or sublet the whole (but not part) of the Premises in accordance with the Proposed Transfer Notice provided that, in each instance, Tenant first obtains the express prior written consent of Landlord, which consent shall not be unreasonably withheld, conditioned or delayed. Any disapproval by Landlord of a proposed assignment or subletting shall set forth in reasonable detail the reason or reasons therefor. 

  Without limiting the foregoing standard, Landlord shall not be deemed to be unreasonably withholding its consent to such a proposed assignment or subleasing if: 

  (a) 	the proposed assignee or subtenant is a tenant elsewhere in the Complex or is (or within the previous sixty (60) days has been) in active negotiation (meaning that the prospective landlord entity has issued or received a lease proposal with such party) with Landlord, Overlandlord, or any affiliate of Landlord or Overlandlord for premises in the Building or elsewhere in the Complex or is not of a character consistent with the operation of a first class office building (by way of example Landlord shall not be deemed to be unreasonably withholding its consent to an assignment or subleasing to any governmental or quasi-governmental agency or to a so-called “call center”). Notwithstanding the foregoing, Tenant may sublease all or a portion of the Premises (the “Subleased Premises”) to a tenant of the Building or elsewhere within the Complex if such subtenant's need, as to the size of premises and length of term, cannot then (i.e., at the time that Tenant's sublease would commence) be satisfied by Landlord or its affiliates within the Building or the Complex; or 

  (b) 	the proposed assignee or any subtenant subleasing more than forty percent (40%) of the Premises does not possess adequate financial capability to perform the Tenant obligations as and when due or required; or 

   

   

   

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  (c) 	the assignee or subtenant proposes to use the Premises (or part thereof) for a purpose other than the purpose for which the Premises may be used as stated in Section 1.2 hereof; or 

  (d) 	the character of the business to be conducted or the proposed use of the Premises by the proposed subtenant or assignee shall (i) be likely to materially increase Landlord's Operating Expenses beyond that which Landlord now incurs for use by Tenant; (ii) be likely to materially increase the burden on elevators or other Building systems or equipment over the burden generated by normal and customary office usage; or (iii) violate or be likely to violate any provisions or restrictions contained herein relating to the use or occupancy of the Premises. Notwithstanding the foregoing, if Landlord objects to a proposed assignee or subtenant on the grounds of subsection (i) or (ii) of this Section 12.4(d), Tenant may overcome such objection by agreeing to pay the amount of such increase; or 

  (e) 	there shall be existing an Event of Default (defined in Section 15.1) or there have been three (3) or more Event of Default occurrences within the twelve (12) months immediately preceding Landlord's receipt of Tenant's Proposed Transfer Notice; or 

  (f) 	any proposed assignment or sublease shall potentially have any adverse effect on the real estate investment trust qualification requirements applicable to Landlord and its affiliates; or 

  (g) 	with respect to a proposed assignment or a sublease of 50% or more of the Premises, the holder of any mortgage on property which includes the Premises having approval rights over such proposed assignment or sublease does not approve of the same (where such holder has approval rights pursuant to the terms of the mortgage), which approval will not be unreasonably withheld, conditioned or delayed in accordance with the terms of this Article XII; or 

  (h) 	due to the identity or business of a proposed assignee or subtenant, such approval would cause Landlord to be in violation of any covenant or restriction contained in another lease or other agreement affecting space in the Complex, including, without limitation, the Retail Portion of the Complex. 

  Notwithstanding the foregoing, Tenant's right to sublease all or any portion of the Premises shall not be restricted by Landlord (x) due to the financial condition of the subtenant or (y) by any rent hurdle or other rental threshold that Landlord may deem needed in order to consent to a proposed sublease. 

  If Landlord shall consent to the proposed assignment or subletting, as the case may be, then, in such event, Tenant may thereafter sublease or assign pursuant to Tenant's notice, as given hereunder; provided, however, that if such assignment or sublease shall not be 

   

   

   

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  executed and delivered to Landlord within ninety (90) days after the date of Landlord's consent, the consent shall be deemed null and void and the provisions of Section 12.2 shall be applicable. 

  At the written request of Tenant, Landlord will approve or disapprove of a proposed transferee prior to receiving a final, executed copy of the proposed assignment, sublease and other contractual documents, provided that (i) Landlord has been provided with sufficient information to make such decision, and (ii) any approval by Landlord of a proposed transferee shall be conditioned upon Landlord's subsequent approval of the actual signed assignment, sublease or other contractual documents that are entered into to effectuate the proposed Transfer. Notwithstanding the foregoing, Landlord's approval shall be null and void and deemed withdrawn if Tenant does not, within ninety (90) days of Tenant's initial request for Landlord's approval, enter into an assignment or sublease upon substantially the same economic and other material terms as were set forth in the documentation previously delivered to Landlord. 

  12.5 	Exceptions 

  Notwithstanding the provisions of Sections 12.1, 12.3 and 12.4 above or the provisions of Section 12.6 below, but subject to the provisions of Section 12.2 (as qualified below) and Section 12.7 below, Tenant shall have the right to assign this Lease or to sublet the Premises (in whole or in part) without the consent of Landlord but after reasonable advance notice (not less than fifteen (15) days before the effective date of the assignment or subletting except that if prior notice to Landlord of such assignment, sublease or transfer is prohibited by applicable securities laws, then Tenant shall deliver such notice to Landlord as soon as it is legally permitted to do so, but not later than the date five (5) business days after the occurrence of the proposed assignment, sublease or transfer in question and, if such transfer is subject to a confidentiality agreement, Tenant may require Landlord to first execute a commercially reasonable confidentiality agreement) to any other entity (the “Successor Entity”) (i) which controls or is controlled by Tenant, or (ii) which is under common control with Tenant, or (iii) which purchases all or substantially all of the assets and business of Tenant, or (iv) which purchases a controlling interest in Tenant, or (v) which merges or combines with Tenant, provided that, with respect to any assignment to a Successor Entity, the combined tangible net worth (determined in accordance with generally accepted accounting principles consistently applied and using the most recent financial statements) of the Successor Entity, Tenant and Guarantor is the same or better than the combined tangible net worths of Tenant and Guarantor as of the date of this Lease (the foregoing transferees referred to, individually or collectively, as a “Permitted Transferee”). Except in cases of statutory merger, in which case the surviving entity in the merger shall be liable as the Tenant under this Lease, Tenant shall continue to remain fully liable under this Lease, on a joint and several basis with the Permitted Transferee. If any parent, affiliate or subsidiary of Tenant to which this Lease is assigned or the Premises sublet (in whole or in part) shall cease to be such a parent, affiliate or subsidiary, such cessation shall be considered an assignment or subletting requiring Landlord's consent. 

  12.6 	Profit on Subleasing or Assignment 

   

   

   

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  In the case of any assignment or subleasing as to which Landlord may consent (other than an assignment or subletting permitted under Section 12.5 above) such consent shall be upon the express and further condition, covenant and agreement, and Tenant hereby covenants and agrees that, in addition to the Annual Fixed Rent, Additional Rent and other charges to be paid pursuant to this Lease, fifty percent (50%) of the “Assignment/Sublease Profits” (hereinafter defined), if any, actually received by Tenant shall be paid to Landlord. The “Assignment/Sublease Profits” shall be the excess, if any, of (a) the “Assignment/Sublease Net Revenues” as hereinafter defined over (b) the Annual Fixed Rent and Additional Rent and other charges provided in this Lease (provided, however, that for the purpose of calculating the Assignment/Sublease Profits in the case of a sublease, appropriate proportions in the applicable Annual Fixed Rent, Additional Rent and other charges under this Lease shall be made based on the percentage of the Premises subleased and on the terms of the sublease). The “Assignment/Sublease Net Revenues” shall be the fixed rent, additional rent and all other charges and sums actually received by Tenant either initially or over the term of the sublease or assignment plus all other profits and increases actually received by Tenant as a result of such subletting or assignment (exclusive of amounts paid to Tenant for the purchase or lease of personal property or equipment of Tenant except to the extent such amounts exceed the fair market value or rental value of the same), after first deducting all reasonable costs of Tenant incurred in such subleasing or assignment (the definition of which shall be customary transaction costs, including rent concessions, architectural fees, reasonable attorneys' fees, moving expenses, brokerage commissions, improvement expenses paid by Tenant and alteration allowances associated with the subleasing or assignment at issue), in each case actually paid and, with respect to an assignment only, the unamortized costs of leasehold improvements paid for by Tenant in excess of Landlord's Contribution to the extent the assignee has paid consideration specifically on account of the same), as set forth in a statement certified by an appropriate officer of Tenant and delivered to Landlord within thirty (30) days of the full execution of the sublease or assignment document. 

  All payments of the Assignment/Sublease Profits due Landlord shall be made within ten (10) business days of receipt of same by Tenant. 

  12.7 	Additional Conditions 

  (A) 	It shall be a condition of the validity of any assignment or subletting consented to under Section 12.4 above, or any assignment or subletting of right under Section 12.5 above, that both Tenant and the assignee or sublessee enter into a separate written instrument directly with Landlord in a form and containing terms and provisions reasonably required by Landlord, including, without limitation, the agreement of the assignee or sublessee to be bound directly to Landlord for all the obligations of the Tenant under this Lease (including any amendments or extensions thereof), including, without limitation, the obligation (a) to pay the rent and other amounts provided for under this Lease (but in the case of a partial subletting pursuant to Section 12.5, such subtenant shall agree on a pro rata basis to be so bound) and (b) to comply with the provisions of Article XII hereof and (c) to indemnify the “Landlord Parties” (as defined in Section 13.13) as provided 

   

   

   

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  in Section 13.1 hereof. Such assignment or subletting shall not relieve the Tenant named herein of any of the obligations of the Tenant hereunder and Tenant shall remain fully and primarily liable therefor and the liability of Tenant and such assignee (or subtenant, as the case may be) shall be joint and several. Further, and notwithstanding the foregoing, the provisions hereof shall not constitute a recognition of the sublease or the subtenant thereunder, as the case may be, and at Landlord's option, upon the termination or expiration of the Lease (whether such termination is based upon a cause beyond Tenant's control, a default of Tenant, the agreement of Tenant and Landlord or any other reason), the sublease shall be terminated. 

  (B) 	As Additional Rent, Tenant shall pay to Landlord as a fee for Landlord's review of any proposed assignment or sublease requested by Tenant and the preparation of any associated documentation in connection therewith, within thirty (30) days after receipt of an invoice from Landlord, an amount equal to the sum of (i) $1,000.00 and/or (ii) reasonable out of pocket legal fees or other expenses incurred by Landlord in connection with such request up to a maximum of Five Thousand and 00/100 Dollars ($5,000.00) in connection with any single request for consent. 

  (C) 	If this Lease be assigned, or if the Premises or any part thereof be sublet or occupied by anyone other than Tenant, Landlord may upon prior notice to Tenant, at any time and from time to time, at any time and from time to time after the occurrence of an Event of Default by Tenant, collect rent and other charges from the assignee, sublessee or occupant and apply the net amount collected to the rent and other charges herein reserved, but no such assignment, subletting, occupancy or collection shall be deemed a waiver of this covenant, or a waiver of the provisions of Article XII hereof, or the acceptance of the assignee, sublessee or occupant as a tenant or a release of Tenant from the further performance by Tenant of covenants on the part of Tenant herein contained, the Tenant herein named to remain primarily liable under this Lease. 

  (D) 	The consent by Landlord to an assignment or subletting under Section 12.4 above, or the consummation of an assignment or subletting of right under Section 12.5 above, shall in no way be construed to relieve Tenant from obtaining the express consent in writing of Landlord to any further assignment or subletting. 

  (E) 	On or after the occurrence of a monetary or material non-monetary “Event of Default” (defined in Section 15.1) and except in connection with transfer permitted without Landlord's consent under Section 12.5 above, Landlord shall be entitled to one hundred percent (100%) of any Assignment/Sublease Profits. 

  (F) 	Without limiting Tenant's obligations under Article IX and except as expressly provided in Section 12.3 above, Tenant shall be responsible, at Tenant's sole cost and expense, for performing all work necessary to comply with Legal Requirements and Insurance Requirements in connection with any assignment or 

   

   

   

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  subletting hereunder including, without limitation, any work in connection with such assignment or subletting. 

  (G) 	In addition to the other requirements set forth in this Lease and notwithstanding any other provision of this Lease, partial sublettings of the Premises shall only be permitted under the following terms and conditions: (i) the layout of both the subleased premises and the remainder of the Premises must comply with applicable Legal Requirements and any alterations must be approved by Landlord in accordance with Article IX, including, without limitation, all requirements concerning access and egress; (ii) in the event the subleased premises are separately physically demised from the remainder of the Premises, Tenant shall pay all costs of separately physically demising the subleased premises; and (iii) there shall be no more than six (6) subleases in effect in the Premises at any given time. 

  12.8 	Permitted Occupants 

  Notwithstanding anything in this Article XII to the contrary, Tenant shall have the right, without the consent of Landlord (but upon reasonable prior notice to Landlord), to permit the use or occupancy of space in the Premises by any affiliate, subsidiary or other related entity of Tenant or, with respect to a portion of the Premises that is not separately demised and consists of not more than 25,000 rentable square feet of the Premises in the aggregate for periods of less than one (1) year at a time, by (i) subject to the terms of Section 11.10, one or more licenses to a licensee-operator of any amenities or service areas within the Premises, including, without limitation, Tenant's office service centers within the Premises, and/or (ii) persons who have an ongoing contractual or other business relationship with Tenant providing for cooperative or collaborative research and development such that such occupants have a reasonable need to work in proximity with Tenant or which (such persons who shall be permitted to occupy portions of the Premises pursuant to this Section 12.8 being referred to individually as a “Permitted Occupant,” or collectively as the “Permitted Occupants”); provided that (x) the Permitted Occupants shall use the Premises in conformity with all applicable provisions of this Lease, (y) such occupancy will terminate automatically upon the expiration or earlier termination of this Lease and (z) Tenant shall remain frilly liable for the acts or omissions of the Permitted Occupants in the Premises and at the Property. 

  ARTICLE XIII 

  Indemnity and Insurance 

  13.1 	Tenant's Indemnity 

  (A) 	Indemnity. To the fullest extent permitted by law, but subject to the limitations in Section 7.8 above and Sections 13.13 (waiver of subrogation) and 16.24 below, Tenant waives any right to contribution against the Landlord Parties (as hereinafter defined) and agrees to indemnify and save harmless the Landlord Parties and Overlandlord from and against claims of whatever nature by a third 

   

   

   

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  party arising from or claimed to have arisen from (i) any negligence or willful misconduct of the Tenant Parties (as hereinafter defined); (ii) any accident, injury or damage whatsoever caused to any person, or to the property of any person, occurring in or about the Premises from the earlier of (A) the date on which any Tenant Party first enters the Premises for any reason or (B) the Commencement Date, and thereafter throughout and until the end of the Lease Term, and after the end of the Lease Term for so long after the end of the Lease Term as Tenant or anyone acting by, through or under Tenant is in occupancy of the Premises or any portion thereof; (iii) any accident, injury or damage whatsoever occurring outside the Premises but within the Building, the Common Areas or the Complex, where such accident, injury or damage results, or is claimed to have resulted, from any act, omission or negligence on the part of any of the Tenant Parties; or (iv) any breach of this Lease by Tenant. Tenant shall pay such indemnified amounts as they are incurred by the Landlord Parties. This indemnification shall not be construed to deny or reduce any other rights or obligations of indemnity that any of the Landlord Parties may have under this Lease or the common law. Notwithstanding anything contained herein to the contrary, Tenant shall not be obligated to indemnify (y) a Landlord Party for any claims to the extent that such Landlord Party's damages result from the negligence or willful misconduct or breach of this Lease by any of the Landlord Parties, or (z) Overlandlord for any claims to the extent that Overlandlord's damages result from the negligence or willful misconduct by Overlandlord or any of Overlandlord's agents, employees or contractors. 

  (B) 	No limitation. The indemnification obligations under this Section 13.1 shall not be limited in any way by any limitation on the amount or type of damages, compensation or benefits payable by or for Tenant or any subtenant or other occupant of the Premises under workers' compensation acts, disability benefit acts, or other employee benefit acts. Tenant waives any immunity from or limitation on its indemnity or contribution liability to the Landlord Parties based upon the acts set forth in this Section 13.1(B). 

  (C) 	Subtenants and other occupants. Tenant shall require its subtenants and other occupants of the Premises to provide similar indemnities to the Landlord Parties in a form acceptable to Landlord. 

  (D) 	Survival. The terms of this Section 13.1 shall survive any termination or expiration of this Lease. 

  (E) 	Costs. The foregoing indemnity and hold harmless agreement shall include indemnity for all costs, expenses and liabilities (including, without limitation, reasonable attorneys' fees and disbursements) incurred by the Landlord Parties in connection with any such claim or any action or proceeding brought thereon, and the defense thereof. In addition, in the event that any action or proceeding shall be brought against one or more Landlord Parties by reason of any such claim. Tenant, upon request from the Landlord Party, shall resist and defend such action or proceeding on behalf of the Landlord Party by counsel appointed by Tenant's 

   

   

   

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  insurer (if such claim is covered by insurance without reservation) or otherwise by counsel reasonably satisfactory to the Landlord Party. The Landlord Parties shall not be bound by any compromise or settlement of any such claim, action or proceeding without the prior written consent of such Landlord Parties acting in a commercially reasonable manner, provided, however, Landlord shall not be liable to Tenant or any other party if Tenant's insurer does not agree with the decision of any such Landlord Parties. 

  13.2 	Tenant's Risk 

  Tenant agrees to use and occupy the Premises, and to use such other portions of the Building and the Complex as Tenant is given the right to use by this Lease at Tenant's own risk. The Landlord Parties shall not be liable to the Tenant Parties for any damage, injury, loss, compensation, or claim (including, but not limited to, claims for the interruption of or loss to a Tenant Party's business) based on, arising out of or resulting from any cause whatsoever, including, but not limited to, repairs to any portion of the Premises or the Building or the Complex, any fire, robbery, theft, mysterious disappearance, or any other crime or casualty, the actions of any other tenants of the Building or of any other person or persons, or any leakage in any part or portion of the Premises or the Building or the Complex, or from water, rain or snow that may leak into, or flow from any part of the Premises or the Building or the Complex, or from drains, pipes or plumbing fixtures in the Building or the Complex. Any goods, property or personal effects stored or placed in or about the Premises shall be at the sole risk of the Tenant Party, and neither the Landlord Parties nor their insurers shall in any manner be held responsible therefor. The Landlord Parties shall not be responsible or liable to a Tenant Party, or to those claiming by, through or under a Tenant Party, for any loss or damage that may be occasioned by or through the acts or omissions of persons occupying adjoining premises or any part of the premises adjacent to or connecting with the Premises or any part of the Building or otherwise. The provisions of this section shall be applicable to the fullest extent permitted by law, and until the expiration or earlier termination of the Lease Term, and during such further period as Tenant may use or be in occupancy of any part of the Premises or of the Building. 

  13.3 	Tenant's Commercial General Liability Insurance 

  Tenant agrees to maintain in full force on or before the earlier of (i) the date on which any Tenant Party first enters the Premises for any reason or (ii) the Commencement Date, and thereafter throughout and until the end of the Lease Term, and after the end of the Lease Term for so long as Tenant or anyone acting by, through or under Tenant is in occupancy of the Premises or any portion thereof, a policy of commercial general liability insurance, on an occurrence basis, issued on a form at least as broad as Insurance Services Office (“ISO”) Commercial General Liability Coverage “occurrence” form CG 00 01 10 01 or another Commercial General Liability “occurrence” form providing equivalent coverage. Such insurance shall include contractual liability coverage and which includes this Lease as an insured contract. The minimum limits of liability of such insurance shall be Ten Million Dollars ($10,000,000.00) per occurrence, which may be satisfied through a combination of primary and excess/umbrella insurance. In addition, in 

   

   

   

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  the event Tenant hosts a function in the Premises, in the Building or on the Property, Tenant agrees to obtain, and cause any persons or parties providing services for such function to obtain, the appropriate insurance coverages as determined by Landlord (including liquor liability coverage, if applicable) and provide Landlord with evidence of the same. 

  13.4 	Tenant's Property Insurance 

  Tenant shall maintain at all times during the Term of the Lease, and during such earlier time as Tenant may be performing work in or to the Premises or have property, fixtures, furniture, equipment, machinery, goods, supplies, wares or merchandise on the Premises, and containing thereafter so long as Tenant is in occupancy of any part of the Premises, business interruption insurance and insurance against loss or damage covered by the so-called “all risk” type insurance coverage with respect to Tenant's property, fixtures, furniture, equipment, machinery, goods, supplies, wares and merchandise, and all alterations, improvements and other modifications made by or on behalf of the Tenant in the Premises, and other property of Tenant located at the Premises, which are permitted to be removed by Tenant at the expiration or earlier termination of the Lease Term except to the extent paid for by Landlord (collectively “Tenant's Property”). The business interruption insurance required by this Section 13.4 shall be in minimum amounts typically carried by prudent tenants engaged in similar operations, but in no event shall be in an amount less than the Annual Fixed Rent then in effect during any Lease Year, plus any Additional Rent due and payable for the immediately preceding Lease Year. The “all risk” insurance required by this section shall be in an amount at least equal to the full replacement cost of Tenant's Property. In addition, during such time as Tenant is performing work in or to the Premises, Tenant, at Tenant's expense, shall also maintain, or shall cause its contractor(s) to maintain, builder's risk insurance for the full insurable value of such work. Landlord and such additional persons or entities as Landlord may reasonably request shall be named as loss payees, as their interests may appear, on the policy or policies required by this Lease. In the event of loss or damage covered by the “all risk” insurance required by this Lease, the responsibilities for repairing or restoring the loss or damage shall be determined in accordance with Article XIV. To the extent that Landlord is obligated to pay for the repair or restoration of the loss or damage covered by the policy, Landlord shall be paid the proceeds of the “all risk” insurance covering the loss or damage. To the extent Tenant is obligated to pay for the repair or restoration of the loss or damage, covered by the policy, Tenant shall be paid the proceeds of the “all risk” insurance covering the loss or damage. If both Landlord and Tenant are obligated to pay for the repair or restoration of the loss or damage covered by the policy, the insurance proceeds shall be paid to each of them in the pro rata proportion of their obligations to repair or restore the loss or damage. If the loss or damage is not repaired or restored (for example, if the Lease is terminated pursuant to Article XIV), the insurance proceeds shall be paid to Landlord and Tenant in the pro rata proportion of their relative contributions to the cost of the leasehold improvements covered by the policy. 

  13.5 	Tenant's Other Insurance 

   

   

   

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  Tenant agrees to maintain in full force on or before the earlier of (i) the date on which any Tenant Party first enters the Premises for any reason or (ii) the Commencement Date, and thereafter throughout the end of the Term, and after the end of the Term for so long after the end of the Term as Tenant or anyone acting by, through or under Tenant is in occupancy of the Premises or any portion thereafter, (1) comprehensive automobile liability insurance (covering any automobiles owned or operated by Tenant) issued on a form at least as broad as ISO Business Auto Coverage form CA 00 01 07 97 or other form providing equivalent coverage; (2) worker's compensation insurance; and (3) employer's liability insurance. Such automobile liability insurance shall be in an amount not less than One Million Dollars ($1,000,000) for each accident. Such worker's compensation insurance shall carry minimum limits as defined by the law of the jurisdiction in which the Premises are located (as the same may be amended from time to time). Such employer's liability insurance shall be in an amount not less than One Million Dollars ($1,000,000) for each accident. One Million Dollars ($1,000,000) disease-policy limit, and One Million Dollars ($1,000,000) disease-each employee. 

  13.6 	Requirements for Tenant's Insurance 

  All insurance required to be maintained by Tenant pursuant to this Lease shall be maintained with responsible companies that (i) are admitted to do business, and are in good standing in the Commonwealth of Massachusetts or, with respect to the excess/umbrella coverage required under this Section 13.3 above, is legally allowed to insure losses in Massachusetts, and (ii) have a rating of at least “A-” and are within a financial size category of not less than “Class VIII” in the most current Best's Key Rating Guide (or such similar rating as may be reasonably selected by Landlord) or, if such Best's rating is at any time not obtainable in the industry, then the Tenant insurer shall have a reasonably equivalent rating from a comparable rating agency reasonably acceptable to Landlord. If and so long as Tenant's excess/umbrella liability policy is carried by Guarantor and is issued by a London domiciled insurance carrier, then such excess/umbrella policy shall at all times include Tenant as a named insured under the policy, and the insurer may satisfy the rating requirement set forth in this Section 13.6 if the insurer has a rating of AA in the most current Standard & Poor's Rating Services. All such insurance shall: (1) be in commercially reasonable form and content reasonably acceptable to Landlord; (2) be primary and noncontributory (including all primary and excess/umbrella policies); and (3) if reasonably obtainable, contain an endorsement prohibiting cancellation, failure to renew, reduction of amount of insurance, or change in coverage without the insurer first giving Landlord thirty (30) days' prior written notice (by certified or registered mail, return receipt requested, or by fax or email) of such proposed action, and in any event, Tenant shall provide Landlord with at least thirty (30) days' prior written notice of any such cancellation, failure to renew or reduction in the amounts or types of such insurance below the minimum amounts and coverages required under this Lease. No such policy shall contain any self-insured retention greater than Five Hundred Thousand Dollars ($500,000.00) for property insurance and Fifty Thousand Dollars ($50,000.00) for commercial general liability insurance. Any deductibles and such self-insured retentions shall be deemed to be “insurance” for purposes of the waiver in Section 13.13 below. Landlord reserves the right from time to time, but not sooner than the first anniversary of the Commencement Date, to require 

   

   

   

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  Tenant to obtain higher minimum amounts of insurance based on such limits as are customarily carried with respect to similar properties in the area in which the Premises are located. The minimum amounts of insurance required by this Lease shall not be reduced by the payment of claims or for any other reason. In the event Tenant shall fail to obtain or maintain any insurance meeting the requirements of this Article, or to deliver such certificates as required by this Article, Landlord may, at its option, on five (5) business days' notice to Tenant, procure such policies for the account of Tenant, and the cost thereof shall be paid to Landlord within ten (10) days after delivery to Tenant of bills therefor. 

  13.7 	Additional Insureds 

  To the fullest extent permitted by law, the commercial general liability and auto insurance carried by Tenant pursuant to this Lease, and any additional liability insurance carried by Tenant pursuant to Section 13.3 of this Lease, shall name Landlord, Landlord's managing agent, and such other persons as Landlord may reasonably request from time to time as additional insureds with respect to liability arising out of or related to this Lease or the operations of Tenant (collectively “Additional Insureds”). Such insurance shall provide primary coverage without contribution from any other insurance carried by or for the benefit of Landlord, Landlord's managing agent, or other Additional Insureds. Such insurance shall also waive any right of subrogation against each Additional Insured. 

  13.8 	Certificates of Insurance 

  On or before the earlier of (i) the date on which any Tenant Party first enters the Premises for any reason or (ii) the Commencement Date, Tenant shall furnish Landlord with certificates evidencing the insurance coverage required by this Lease, and renewal certificates shall be furnished to Landlord at least annually thereafter, and at least ten (10) days prior to the expiration date of each policy for which a certificate was furnished (acceptable forms of such certificates as of the date hereof for liability and property insurance, respectively, are attached as Exhibit J, however, other then equivalent forms may be acceptable). Failure by the Tenant to provide the certificates or letters required by this Section 13.8 shall not be deemed to be a waiver of the requirements in this Section 13.8. Upon request by Landlord, a true and complete copy of any insurance policy required by this Lease shall be delivered to Landlord within ten (10) days following Landlord's request. 

  13.9 	Subtenants and Other Occupants 

  Tenant shall require its subtenants and other occupants of the Premises to provide written documentation evidencing the obligation of such subtenant or other occupant to indemnify the Landlord Parties to the same extent that Tenant is required to indemnify the Landlord Parties pursuant to Section 13.1 above, and to maintain insurance that meets the requirements of this Article, and otherwise to comply with the requirements of this Article, provided, however, with respect to a subtenant of less than all or substantially all of the Premises, Landlord will only require such subtenant to carry the same insurance as Landlord requires of Landlord's direct tenants of comparable size as the subleased 

   

   

   

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  premises. Tenant shall require all such subtenants and occupants to supply certificates of insurance evidencing that the insurance requirements of this Article have been met and shall forward such certificates to Landlord on or before the earlier of (i) the date on which the subtenant or other occupant or any of their respective direct or indirect partners, officers, shareholders, directors, members, trustees, beneficiaries, servants, employees, principals, contractors, licensees, agents, invitees or representatives first enters the Premises or (ii) the commencement of the sublease. Tenant shall be responsible for identifying and remedying any deficiencies in such certificates or policy provisions. 

  13.10 	No Violation of Building Policies 

  Tenant shall not commit or permit any violation of the policies of fire, boiler, sprinkler, water damage or other insurance covering the Complex and/or the fixtures, equipment and property therein carried by Landlord, or do or permit anything to be done, or keep or permit anything to be kept, in the Premises, which in case of any of the foregoing (i) would result in termination of any such policies, (ii) would adversely affect Landlord's right of recovery under any of such policies, or (iii) would result in reputable and independent insurance companies refusing to insure the Complex or the property of Landlord in amounts reasonably satisfactory to Landlord. 

  13.11 	Tenant to Pay Premium Increases 

  If, because of anything done, caused or permitted to be done, or omitted by Tenant (or its subtenant or other occupants of the Premises), the rates for liability, fire, boiler, sprinkler, water damage or other insurance on the Building or the Complex shall be higher than they otherwise would be, Tenant shall reimburse Landlord and/or the other Complex Owner(s) for the additional insurance premiums thereafter paid by Landlord or by such other Complex Owner(s) which shall have been charged because of the aforesaid reasons, such reimbursement to be made from time to time on Landlord's demand. 

  13.12 	Landlord's Insurance 

  (a) 	Required insurance. Landlord shall maintain (i) insurance against loss or damage with respect to the Building on an “all risk” type insurance form, with customary exceptions, subject to such deductibles as Landlord may reasonably determine, in an amount equal to at least the replacement value of the Building, (ii) insurance with respect to any improvements, alterations, and fixtures of Tenant located at the Premises to the extent paid for by Landlord, and (iii) commercial general liability coverage with respect to the Property with the same minimum limits required to be carried by Tenant pursuant to Section 13.3 above of this Lease. Any and all such insurance (x) may be maintained under a blanket policy affecting other properties of Landlord and/or its affiliated business organizations, (y) may be written with deductibles as reasonably determined by Landlord and (z) shall be included in Landlord's Operating Expenses in accordance with Section 7.5. Such insurance shall be maintained with an insurance 

   

   

   

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  company selected by Landlord. Payment for losses thereunder shall be made solely to Landlord. 

  (b) 	Optional insurance. Landlord may maintain such additional insurance with respect to the Building and the Complex, including, without limitation, earthquake insurance, terrorism insurance, flood insurance, liability insurance and/or rent insurance, as Landlord may in its sole discretion elect. Landlord may also maintain such other insurance as may from time to time be required by the holder of any mortgage on the Building or the Complex. The cost of all such additional insurance shall also be part of the Landlord's Operating Expenses. 

  (c) 	Blanket and self-insurance. Any or all of Landlord's insurance may be provided by blanket coverage maintained by Landlord or any affiliate of Landlord under its insurance program for its portfolio of properties, or by Landlord or any affiliate of Landlord under a program of self-insurance, and in such event Landlord's Operating Expenses shall include the portion of the reasonable cost of blanket insurance or self-insurance that is allocated to the Building. Any deductibles and such self-insured retentions shall be deemed to be “insurance” for purposes of the waiver in Section 13.13 below and for purposes of Landlord's obligations under Article XIV below. 

  (d) 	No obligation. Landlord shall not be obligated to insure, and shall not assume any liability of risk of loss for, Tenant's Property, including any such property or work of Tenant's subtenants or occupants. Landlord will also have no obligation to carry insurance against, nor be responsible for, any loss suffered by Tenant, subtenants or other occupants due to interruption of Tenant's or any subtenant's or occupant's business. 

  13.13 	Waiver of Subrogation 

  To the fullest extent permitted by law, the parties hereto waive and release any and all rights of recovery against the other, and agree not to seek to recover from the other or to make any claim against the other, and in the case of Landlord, against all “Tenant Parties” (hereinafter defined), and in the case of Tenant, against all “Landlord Parties” (hereinafter defined), for any loss or damage incurred by the waiving/releasing party to the extent such loss or damage is insured under any property insurance policy required by this Lease or which would have been so insured had the party carried the property insurance it was required to carry hereunder. Tenant shall obtain from its subtenants and other occupants of the Premises a similar waiver and release of claims against any or all of Tenant or Landlord. In addition, the parties hereto (and in the case of Tenant, its subtenants and other occupants of the Premises) shall procure an appropriate clause in, or endorsement on, any insurance policy required by this Lease pursuant to which the insurance company waives subrogation. The insurance policies required by this Lease shall contain no provision that would invalidate or restrict the parties' waiver and release 

   

   

   

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  of the rights of recovery in this section. The parties hereto covenant that no insurer shall hold any right of subrogation against the parties hereto by virtue of such insurance policy. 

  The term “Landlord Party” or “Landlord Parties” shall mean Landlord, any affiliate of Landlord, Landlord's managing agents for the Building, each mortgagee (if any), each ground lessor (if any), and each of their respective direct or indirect partners, officers, shareholders, directors, members, trustees, beneficiaries, servants, employees, principals, contractors, licensees, agents or representatives. For the purposes of this Lease, the term “Tenant Party” or “Tenant Parties” shall mean Tenant, any affiliate of Tenant, any permitted subtenant or any other permitted occupant of the Premises, and each of their respective direct or indirect partners, officers, shareholders, directors, members, trustees, beneficiaries, servants, employees, principals, contractors, licensees, agents, invitees or representatives. 

  13.14 	Tenant's Work 

  During such times as Tenant is performing work or having work or services performed in or to the Premises, Tenant shall require its contractors, and their subcontractors of all tiers, to obtain and maintain commercial general liability, automobile, workers compensation, employer's liability, builder's risk, and equipment/property insurance in such amounts and on such terms as are customarily required of such contractors and subcontractors on similar projects. The amounts and terms of all such insurance are subject to Landlord's written approval, which approval shall not be unreasonably  withheld. The commercial general liability and auto insurance carried by Tenant's contractors and their subcontractors of all tiers pursuant to this section shall name Landlord and the Additional Insureds as additional insureds with respect to liability arising out of or related to their work or services (collectively “Additional Insureds”). Such insurance shall provide primary coverage without contribution from any other insurance carried by or for the benefit of Landlord, Landlord's managing agent, or other Additional Insureds. Such insurance shall also waive any right of subrogation against each Additional Insured. Tenant shall obtain and submit to Landlord, prior to the earlier of (i) the entry onto the Premises by such contractors or subcontractors or (ii) commencement of the work or services, certificates of insurance evidencing compliance with the requirements of this section. 

  13.15 	Landlord's Indemnity 

  Subject to the limitations in Sections 13.2 and 13.13 of this Article and in Section 16.24, and to the extent not resulting from the negligence or misconduct of Tenant, any Tenant Party or any of their respective contractors, licensees, invitees, agents, servants or employees, Landlord agrees to indemnify and save harmless Tenant and the Tenant Parties from and against any claims of whatever nature by a third party arising from any injury to any person or property damage occurring in or at the Property after the Commencement Date and until the expiration or earlier termination of the Lease Term, to the extent such injury results from the performance of the Landlord's Work or from the negligence or willful misconduct of Landlord or Landlord's agents, employees or contractors, or from any breach or default by Landlord in the performance or observance 

   

   

   

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  of its covenants or obligations under this Lease; provided, however, that in no event shall the aforesaid indemnity render Landlord responsible or liable for any loss or damage to fixtures, personal property or other property of Tenant, and Landlord shall in no event be liable for any indirect or consequential damages. Tenant shall provide notice of any such third party claim to Landlord as soon as practicable. Landlord shall have the right, but not the duty, to defend the claim. Notwithstanding anything contained herein to the contrary, Landlord shall not be obligated to indemnify Tenant for any claims to the extent that Tenant's damages result from the negligence or willful misconduct or breach of this Lease by Tenant or any of the Tenant Parties. The terms of this Section 13.15 shall survive any termination or expiration of this Lease. The foregoing indemnity and hold harmless agreement shall include indemnity for all costs, expenses and liabilities (including, without limitation, attorneys' fees and disbursements) incurred by Tenant in connection with any such claim or any action or proceeding brought thereon, and the defense thereof. In addition, in the event that any action or proceeding shall be brought against Tenant by reason of any such claim. Landlord shall resist and defend such action or proceeding on behalf of Tenant by counsel appointed by Landlord's insurer (if such claim is covered by insurance without reservation) or otherwise by counsel reasonably satisfactory to Tenant. Tenant shall not be bound by any compromise or settlement of any such claim, action or proceeding without the prior written consent of Tenant. 

  ARTICLE XIV 

  Fire, Casualty and Taking 

  14.1 	Damage Resulting from Casualty 

  In case during the Lease Term the Building or the Property are damaged by fire or other casualty, Landlord shall within sixty (60) days after the occurrence thereof, subject to Force Majeure and/or delays caused by Tenant, notify Tenant in writing of Landlord's reasonable estimate of the length of time necessary to repair or restore such fire or casualty damage from the time that repair work would commence (“Landlord's Restoration Estimate”). If the Building is materially damaged by fire or casualty, and such fire or casualty damage cannot, in the ordinary course, reasonably be expected to be repaired within one hundred eighty (180) days from the time that repair work would commence as reasonably determined by Landlord, Landlord may, at its election, terminate this Lease by notice given to Tenant within sixty (60) days after the date of such fire or other casualty, specifying the effective date of termination, provided,' however, that Landlord shall only be permitted to terminate this Lease on account of such damage if Landlord terminates the leases of at least 75% of the office tenants in the Building similarly affected by the casualty (where Landlord has a termination right thereunder). The effective date of termination specified by Landlord shall not be less than thirty (30) days nor more than forty-five (45) days after the date of notice of such termination. Unless terminated pursuant to the foregoing provisions, this Lease shall remain in full force and effect following any such damage subject, however, to the following provisions. 

   

   

   

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  If the Premises is materially damaged and Landlord's Restoration Estimate exceeds two hundred ten (210) days from the time that repair work would commence, Tenant may, at its election, terminate this Lease by notice given to Landlord within ten (10) business days after the receipt of Landlord's Restoration Estimate, specifying the effective date of termination. The effective date of termination specified by Tenant shall not be less than thirty (30) days nor more than forty-five (45) days after the date of notice of such termination. 

  If during the last Lease Year of the Lease Term (as it may have been extended), the Building shall be damaged by fire or casualty and such fire or casualty damage to the Premises cannot reasonably be expected to be repaired or restored within one hundred twenty (120) days from the time that repair or restoration work would commence as reasonably determined by Landlord, then Tenant shall have the right, by giving notice to Landlord not later than thirty (30) days after such damage, to terminate this Lease, whereupon this Lease shall terminate as of the date of such notice with the same force and effect as if such date were the date originally established as the expiration date hereof. 

  If the Building or any part thereof is damaged by fire or casualty and this Lease is not so terminated, or Landlord has no right to terminate this Lease, and in either such case the holder of any mortgage which includes the Building as a part of the mortgaged premises or any ground lessor of any ground lease which includes the Building as part of the demised premises allows the net insurance proceeds to be applied to the restoration of the Building, Landlord, promptly after such damage and the determination of the net amount of insurance proceeds available shall use due diligence to restore the Premises and the Building in the event of damage thereto (excluding Tenant's Property (as defined in Section 13.4 hereof), except as expressly provided in the immediately following paragraph of this Section 14.1) into proper condition for the lawful and safe use and occupation and a just proportion of the Annual Fixed Rent, the Operating Expenses Allocable to the Premises and Landlord's Tax Expenses Allocable to the Premises according to the nature and extent of the injury to the Premises shall be abated from the date of casualty until the date that is thirty (30) days following the date that the Premises shall have been put by Landlord substantially into such condition. Notwithstanding the foregoing, Landlord shall not be obligated to expend for such repairs and restoration any amount in excess of the net insurance proceeds. 

  Notwithstanding the foregoing, if Landlord is proceeding with the restoration of the Building and the Premises in accordance with the previous paragraph, Landlord shall also restore any alterations, additions or improvements within the Premises that are part of Tenant's Property (x) which have previously been approved by Landlord in accordance with the terms and provisions of this Lease and (y) with respect to which Tenant has carried “all risk” insurance covering the loss or damage in accordance with Section 13.4 below and pays the proceeds of such insurance (or an amount equivalent thereto) to Landlord within five (5) business days following Landlord's written request); provided, however, that in no event shall Landlord be required to fund any insufficiency in the insurance proceeds (or equivalent amount) provided by Tenant with respect to such loss 

   

   

   

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  or damage (or to fund any of the costs of restoration in the absence of any payment by Tenant). 

  Where Landlord is obligated or otherwise elects to effect restoration of the Premises, unless such restoration is completed within one (1) year from the date of the casualty, such period to be subject, however, to extension where the delay in completion of such work is due to Force Majeure, as defined hereinbelow (but in no event beyond eighteen (18) months from the date of the casualty or taking). Tenant, as its sole and exclusive remedy, shall have the right to terminate this Lease at any time after the expiration of such one-year (as extended) period until the restoration is substantially completed, such termination to take effect as of the thirtieth (30th) day after the date of receipt by Landlord of Tenant's notice, with the same force and effect as if such date were the date originally established as the expiration date hereof unless, within such thirty (30) day period such restoration is substantially completed, in which case Tenant's notice of termination shall be of no force and effect and this Lease and the Lease Term shall continue in full force and effect. The term “Force Majeure” shall mean any prevention, delay or stoppage due to governmental regulation, strikes, lockouts, acts of God, acts of war, terrorists acts, civil commotions, unusual scarcity of or inability to obtain labor or materials, labor difficulties, casualty or other causes reasonably beyond a party's control or attributable to the action or inaction of the other party. 

  In the event of any casualty to the parking facilities on the Property that results in Tenant's inability to use the Number of Parking Spaces set forth in Section 1.2 of this Lease, Landlord shall provide Tenant with the right to use an equivalent number of the lost parking spaces within a reasonable proximity to the Building within ninety (90) days following the date of such casualty. 

  14.2 	Uninsured Casualty 

  Notwithstanding anything to the contrary contained in this Lease, if the Building or the Premises shall be substantially damaged by fire or casualty as the result of a risk not covered by the forms of casualty insurance at the time maintained (or required to be maintained pursuant to the terms of this Lease) by Landlord and such fire or casualty damage cannot, in the ordinary course, reasonably be expected to be repaired within one hundred twenty (120) days from the time that repair work would commence, Landlord may, at its election, terminate the Term of this Lease by notice to Tenant given within thirty (30) days after such loss. If Landlord shall give such notice, then this Lease shall terminate as of the date of such notice with the same force and effect as if such date were the date originally established as the expiration date hereof. 

  14.3 	Rights of Termination for Taking 

  If the entire Building, or such portion thereof as to render the balance (if reconstructed to the maximum extent practicable in the circumstances) unsuitable for Tenant's purposes, shall be taken by condemnation or right of eminent domain, Landlord or Tenant shall have the right to terminate this Lease by notice to the other of its desire to do so, provided that such notice is given not later than thirty (30) days after Tenant has been deprived of 

   

   

   

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  such possession. If either party shall give such notice, then this Lease shall terminate as of the date of such notice with the same force and effect as if such date were the date originally established as the expiration date hereof. In addition, if twenty-five percent (25%) or more of the parking facilities on the Property shall be taken by condemnation or right of eminent domain and Landlord is unable to provide Tenant, within ninety (90) days after the effective date of such taking, with a substitute location for parking (at the Number of Parking Spaces set forth in Section 1.2) within a reasonable proximity to the Building, then Tenant may terminate this Lease by notice to Landlord of its desire to do so, provided that such notice is given no earlier than ninety (90) nor later than one hundred twenty (120) days after the effective date of such taking. 

  Further, if so much of the Building or the Complex shall be so taken that continued operation of the Building would be uneconomic, Landlord shall have the right to terminate this Lease by giving notice to Tenant of Landlord's desire to do so not later than thirty (30) days after Tenant has been deprived of possession of the Premises (or such portion thereof as may be taken). If Landlord shall give such notice, then this Lease shall terminate as of the date of such notice with the same force and effect as if such date were the date originally established as the expiration date hereof. 

  Should any part of the Premises be so taken or condemned during the Lease Term hereof, and should this Lease not be terminated in accordance with the foregoing provisions, and the holder of any mortgage which includes the Premises as part of the mortgaged premises or any ground lessor of any ground lease which includes the Premises as part of the demised premises allows the net condemnation proceeds to be applied to the restoration of the Building, Landlord agrees that after the determination of the net amount of condemnation proceeds available to Landlord, Landlord shall use due diligence to put what may remain of the Premises into proper condition for use and occupation as nearly like the condition of the Premises prior to such taking as shall be practicable (excluding Tenant's Property). Notwithstanding the foregoing, Landlord shall not be obligated to expend for such repair and restoration any amount in excess of the net condemnation proceeds made available to it. 

  If the Premises shall be affected by any exercise of the power of eminent domain and neither Landlord nor Tenant shall terminate this Lease as provided above, then the Annual Fixed Rent, Operating Expenses Allocable to the Premises and Landlord's Tax Expenses Allocable to the Premises shall be justly and equitably abated and reduced according to the nature and extent of the loss of use thereof suffered by Tenant; and in case of a taking which permanently reduces the Rentable Floor Area of the Premises, a just proportion of the Annual Fixed Rent, Operating Expenses Allocable to the Premises and Landlord's Tax Expenses Allocable to the Premises shall be abated for the remainder of the Lease Term. 

  14.4 	Award 

  Except as otherwise provided in this Section 14.4, Landlord shall have and hereby reserves and excepts, and Tenant hereby grants and assigns to Landlord, all rights to recover for damages to the Building, the Complex, and the Garage and the leasehold 

   

   

   

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  interest hereby created, and compensation accrued or hereafter to accrue by reason of such taking, damage or destruction, as aforesaid, and by way of confirming the foregoing, Tenant hereby grants and assigns, and covenants with Landlord to grant and assign to Landlord, all rights to such damages or compensation. 

  However, nothing contained herein shall be construed to prevent Tenant from prosecuting in any such proceedings a claim for its trade fixtures so taken or relocation, moving and other dislocation expenses, and the unamortized cost of leasehold improvements and Alterations paid for by Tenant, including, the Tenant's Work to the extent not paid for out of the Landlord's Contribution, provided that such action shall not affect the amount of compensation otherwise recoverable by Landlord from the taking authority. 

  ARTICLE XV 

  Default 

  15.1 	Tenant's Default 

  This Lease and the term of this Lease are subject to the limitation that Tenant shall be in default if, at any time during the Lease Term, any one or more of the following events (herein called an “Event of Default” a “default of Tenant” or similar reference) shall occur and not be cured prior to the expiration of the grace period (if any) herein provided, as follows: 

  (a) 	Tenant shall fail to pay any installment of the Annual Fixed Rent, or any Additional Rent or any other monetary amount due under this Lease on or before the date on which the same becomes due and payable, and such failure continues for five (5) business days after written notice from Landlord thereof; or 

  (b) 	Landlord having rightfully given the written notice specified in (a) above to Tenant twice in any twelve (12) month period, Tenant shall fail thereafter to pay the Annual Fixed Rent, Additional Rent or any other monetary amount due under this Lease on or before the date on which the same becomes due and payable; or 

  (c) 	Tenant shall assign its interest in this Lease or sublet any portion of the Premises in violation of the requirements of Article XII of this Lease and the same continues for fifteen (15) business days after written notice from Landlord thereof; or 

  (d) 	Tenant shall fail to perform or observe some term or condition of this Lease which, because of its character, would immediately jeopardize Landlord's interest (such as, but without limitation, failure to maintain general liability insurance, or the employment of labor and contractors within the Premises which interfere with Landlord's work, in violation of Sections 9.3, 11.2 or 11.10 or Exhibit B or a failure to observe the 

   

   

   

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  	requirements of Section 11.2), and such failure continues for three (3) business days after notice from Landlord to Tenant thereof; or 

  (e) 	Tenant shall fail to perform or observe any other requirement, term, covenant or condition of this Lease (not hereinabove in this Section 15.1 specifically referred to) on the part of Tenant to be performed or observed and such failure shall continue for thirty (30) days after notice thereof from Landlord to Tenant, or if said default shall reasonably require longer than thirty (30) days to cure, if Tenant shall fail to commence to cure said default within thirty (30) days after notice thereof and/or fail to continuously prosecute the curing of the same to completion with due diligence; or 

  (f) 	Tenant's estate hereby created shall be taken on execution or by other process of law and shall remain undismissed or unstayed for ninety (90) days; or 

  (g) 	Tenant shall make a general assignment or trust mortgage arrangement, so-called, of a material portion of its assets for the benefit of its creditors; or 

  (h) 	Tenant shall judicially be declared bankrupt or insolvent according to law; or 

  (i) 	a receiver, guardian, conservator, trustee in involuntary bankruptcy or other similar officer is appointed to take charge of all or any substantial part of Tenant's property by a court of competent jurisdiction; or 

  (j) 	any petition shall be filed against Tenant in any court, whether or not pursuant to any statute of the United States or of any State, in any bankruptcy, reorganization, composition, extension, arrangement or insolvency proceeding, and such proceedings shall not be fully and finally dismissed within sixty (60) days after the institution of the same; or 

  (k) 	Tenant shall file any petition in any court, whether or not pursuant to any statute of the United States or any State, in any bankruptcy, reorganization, composition, extension, arrangement or insolvency proceeding; or 

  (l) 	Tenant otherwise abandons or vacates the Premises and leaves the same in an unsafe condition or in a manner that detracts from the first class appearance of the Building (and taking into consideration that Tenant is not actively operating business in the Premises). 

  15.2 	Termination: Re-Entry 

  Upon the happening of any one or more of the aforementioned Events of Default (notwithstanding any license of a former breach of covenant or waiver of the benefit 

   

   

   

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  hereof or consent in a former instance), Landlord or Landlord's agents or servants may give to Tenant a notice (hereinafter called “notice of termination”) terminating this Lease on a date specified in such notice of termination (which shall be not less than five (5) days after the date of the mailing of such notice of termination), and this Lease and the Lease Term, as well as any and all of the right, title and interest of the Tenant hereunder, shall wholly cease and expire on the date set forth in such notice of termination (Tenant hereby waiving any rights of redemption) in the same manner and with the same force and effect as if such date were the date originally specified herein for the expiration of the Lease Term, and Tenant shall then quit and surrender the Premises to Landlord. 

  Upon a termination of this Lease, Landlord or Landlord's agents or servants may, by any suitable action or proceeding at law, immediately or at any time thereafter re-enter the Premises and remove therefrom Tenant, its agents, employees, servants, licensees, and any subtenants and other persons, and all or any of its or their property therefrom, and repossess and enjoy the Premises, together with all additions, alterations and improvements thereto; but, in any event under this Section 15.2, Tenant shall remain liable as hereinafter provided. 

  The words “re-enter” and “re-entry” as used throughout this Article XV are not restricted to their technical legal meanings. 

  15.3 	Continued Liability; Re-Letting 

  If this Lease is terminated or if Landlord shall re-enter the Premises as aforesaid, or in the event of the termination of this Lease, or of re-entry, by or under any proceeding or action or any provision of law by reason of an Event of Default hereunder on the part of Tenant, Tenant covenants and agrees forthwith to pay and be liable for, on the days originally fixed herein for the payment thereof, amounts equal to the several installments of Annual Fixed Rent, all Additional Rent and other charges reserved as they would, under the terms of this Lease, become due if this Lease had not been terminated or if Landlord had not entered or re-entered, as aforesaid, and whether the Premises be relet or remain vacant, in whole or in part, or for a period less than the remainder of the Lease Term, or for the whole thereof, but, in the event the Premises be relet by Landlord, Tenant shall be entitled to a credit in the net amount of rent and other charges received by Landlord in reletting, after deduction of all reasonable expenses incurred in reletting the Premises (including, without limitation, remodeling costs, brokerage fees and the like), and in collecting the rent in connection therewith, in the following manner: 

  Amounts received by Landlord after reletting shall first be applied against such Landlord's expenses, until the same are recovered, and until such recovery, Tenant shall pay, as of each day when a payment would fall due under this Lease, the amount which Tenant is obligated to pay under the terms of this Lease (Tenant's liability prior to any such reletting and such recovery not in any way to be diminished as a result of the fact that such reletting might be for a rent higher than the rent provided for in this Lease); when and if such expenses have been completely recovered, the amounts received from reletting by Landlord as have 

   

   

   

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  not previously been applied shall be credited against Tenant's obligations as of each day when a payment would fall due under this Lease, and only the net amount thereof shall be payable by Tenant. Further, Tenant shall not be entitled to any credit of any kind for any period after the date when the term of this Lease is scheduled to expire according to its terms. 

  Landlord agrees to use reasonable efforts to relet the Premises after Tenant vacates the same in the event this Lease is terminated based upon an Event of Default by Tenant hereunder. The marketing of the Premises in a manner similar to the manner in which Landlord and its affiliates markets other premises within Landlord's or its affiliates' control in the Market Area shall be deemed to have satisfied Landlord's obligation to use “reasonable efforts” hereunder. In no event shall Landlord be required to (i) solicit or entertain negotiations with any other prospective tenant for the Premises until Landlord obtains full and complete possession of the Premises (including, without limitation, the final and unappealable legal right to relet the Premises free of any claim of Tenant), (ii) relet the Premises before leasing other vacant space in the Building, or (iii) lease the Premises for a rental less than the current fair market rent then prevailing for similar office space in the Building. 

  Notwithstanding the foregoing or anything to the contrary contained in this Lease, Landlord shall not be entitled to accelerate any portion of the Annual Fixed Rent or any Additional Rent payable under this Lease on account of a Default of Tenant or termination of this Lease or Tenant's right to possession of the Premises except as expressly set forth Section 15.4 below. 

  15.4 	Liquidated Damages 

  Landlord may elect, as an alternative, to have Tenant pay liquidated damages, which election may be made by notice given to Tenant not later than twelve (12) months after the effective termination date of this Lease under Section 15.2, above, and whether or not Landlord shall have collected any damages as hereinbefore provided in this Article XV, and in lieu of all other such damages beyond the date of such notice. Upon such notice, Tenant shall promptly pay to Landlord, as liquidated damages, in addition to any damages collected or due from Tenant from any period prior to such notice and all expenses which Landlord may have incurred with respect to the collection of such damages, such a sum as at the time of such notice represents the amount of the excess, if any, of (a) the discounted present value, using the Federal Reserve discount rate (or equivalent), of the Annual Fixed Rent, Additional Rent and other charges which would have been payable by Tenant under this Lease for the remainder of the Lease Term if the Lease terms had been fully complied with by Tenant, over and above (b) the discounted present value, using the Federal Reserve discount rate (or equivalent), of the Annual Fixed Rent, Additional Rent and other charges that would be received by Landlord if the Premises were re-leased at the time of such notice for the remainder of the Lease Term at the fair market value (including provisions regarding periodic increases in Annual Fixed Rent if such are applicable) prevailing at the time of such notice as reasonably determined by Landlord. 

   

   

   

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  For the purposes of this Article, if Landlord elects to require Tenant to pay liquidated damages in accordance with this Section 15.4, the total rent shall be computed by assuming the Landlord's Tax Expenses Allocable to the Premises under Section 6.2 and the Operating Expenses Allocable to the Premises under Section 7.5 to be the same as were payable for the twelve (12) calendar months (or if less than twelve (12) calendar months have been elapsed since the date hereof, the partial year) immediately preceding such termination of re-entry. 

  Nothing contained in this Lease shall limit or prejudice the right of Landlord to prove for and obtain in proceedings for bankruptcy or insolvency by reason of the termination of this Lease, an amount equal to the maximum allowed by any statute or rule of law in effect at the time when, and governing the proceeds in which, the damages are to be proved, whether or not the amount be greater, equal to, or less than the amount of the loss or damages referred to above. 

  15.5 	Waiver of Redemption 

  Tenant, for itself and any and all persons claiming through or under Tenant, including its creditors, upon the termination of this Lease and of the term of this Lease in accordance with the terms hereof, or in the event of entry of judgment for the recovery of the possession of the Premises in any action or proceeding, or if Landlord shall enter the Premises by process of law or otherwise, hereby waives any right of redemption provided or permitted by any statute, law or decision now or hereafter in force, and does hereby waive, surrender and give up all rights or privileges which it or they may or might have under and by reason of any present or future law or decision, to redeem the Premises or for a continuation of this Lease for the term of this Lease hereby demised after having been dispossessed or ejected therefrom by process of law, or otherwise. 

  15.6 	Landlord's Default 

  Landlord shall in no event be in default in the performance of any of Landlord's obligations hereunder unless and until Landlord shall have failed to perform such obligations within thirty (30) days (ten (10) business days in the event of non-payment of a monetary obligation of Landlord to Tenant), or such additional time as is commercially reasonably required to correct any such default, after notice by Tenant to Landlord properly specifying wherein Landlord has failed to perform any such obligation. 

  Except to the extent expressly provided in this Lease, Tenant shall not assert any right to deduct the cost of repairs or any monetary claim against the Landlord from rent thereafter due and payable, but shall look solely to the Landlord for satisfaction of such claim as provided in Section 16.24 of this Lease. 

  ARTICLE XVI 

  Miscellaneous Provisions 

  16.1 	Waiver 

   

   

   

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  Failure on the part of Landlord or Tenant to complain of any action or non-action on the part of the other, no matter how long the same may continue, shall never be a waiver by Tenant or Landlord, respectively, of any of its rights hereunder. 

  Further, no waiver at any time of any of the provisions hereof by Landlord or Tenant shall be construed as a waiver of any of the other provisions hereof, and a waiver at any time of any of the provisions hereof shall not be construed as a waiver at any subsequent time of the same provisions. The consent or approval of Landlord or Tenant to or of any action by the other requiring such consent or approval shall not be construed to waive or render unnecessary Landlord's or Tenant's consent or approval to or of any subsequent similar act by the other. 

  No payment by Tenant, or acceptance by Landlord, of a lesser amount than shall be due from Tenant to Landlord shall be treated otherwise than as a payment on account. The acceptance by Landlord of a check for a lesser amount with an endorsement or statement thereon, or upon any letter accompanying such check, that such lesser amount is payment in full, shall be given no effect, and Landlord may accept such check without prejudice to any other rights or remedies which Landlord may have against Tenant. Further, the acceptance by Landlord of Annual Fixed Rent, Additional Rent or any other charges paid by Tenant under this Lease shall not be or be deemed to be a waiver by Landlord of any default by Tenant, whether or not Landlord knows of such default, except for such defaults as to which such payment relates. 

  16.2 	Cumulative Remedies 

  Except as expressly provided in this Lease, the specific remedies to which Landlord and Tenant may resort under the terms of this Lease are cumulative and are not intended to be exclusive of any other remedies or means of redress which they may be lawfully entitled to seek in case of any breach or threatened breach of any provisions of this Lease. In addition to the other remedies provided in this Lease, Landlord shall be entitled to the restraint by injunction of the violation or attempted or threatened violation of any of the covenants, conditions or provisions of this Lease or to seek specific performance of any such covenants, conditions or provisions, provided, however, that the foregoing shall not be construed as a confession of judgment by Tenant. 

  16.3 	Quiet Enjoyment 

  This Lease is subject and subordinate to all matters of record, provided that, except with respect to the Overlease, the Declaration or any mortgages which shall be governed by Section 16.13 and Section 16.12 of this Lease, respectively, any such future matters of record to which this Lease is subject and subordinate shall not have any Tenant Adverse Impact. Landlord agrees that, upon Tenant's paying the Annual Fixed Rent, Additional Rent and other charges herein reserved, and performing and observing the covenants, conditions and agreements hereof upon the part of Tenant to be performed and observed, and so long as an Event of Default by Tenant is not in existence under this Lease, Tenant shall and may peaceably hold and enjoy the Premises during the term of this Lease (exclusive of any period during which Tenant is holding over after the expiration or 

   

   

   

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  termination of this Lease without the consent of Landlord), without interruption or disturbance from Overlandlord or Landlord or persons claiming through or under Overlandlord or Landlord, subject, however, to the terms of this Lease. This covenant shall be construed as running with the land to and against subsequent owners and successors in interest, and is not, nor shall it operate or be construed as, a personal covenant of Landlord, except to the extent of the Landlord's interest in the Premises, and this covenant and any and all other covenants of Landlord contained in this Lease shall be binding upon Landlord and upon such subsequent owners or successors in interest of Landlord's interest under this Lease, including ground or master lessees, to the extent of their respective interests, as and when they shall acquire same and then only for so long as they shall retain such interest. 

  16.4 	Surrender 

  (A) 	No act or thing done by Landlord during the Lease Term shall be deemed an acceptance of a surrender of the Premises, and no agreement to accept such surrender shall be valid, unless in writing signed by Landlord. No employee of Landlord or of Landlord's agents shall have any power to accept the keys of the Premises as an acceptance of a surrender of the Premises prior to the termination of this Lease; provided, however, that the foregoing shall not apply to the delivery of keys to Landlord or its agents in its (or their) capacity as managing agent or for purpose of emergency access. In any event, however, the delivery of keys to any employee of Landlord or of Landlord's agents shall not operate as a termination of the Lease or a surrender of the Premises. 

  (B) 	Upon the expiration or earlier termination of the Lease Term, Tenant shall surrender the Premises to Landlord in the condition as required by Sections 8.1 and 9.5, first removing all goods and effects of Tenant and completing such other removals as may be permitted or required pursuant to Section 9.5. 

  16.5 	Brokerage 

  (A) 	Tenant warrants and represents that Tenant has not dealt with any broker in connection with the consummation of this Lease other than the broker, person or firm designated in Section 1.2 hereof (the “Broker”); and in the event any claim is made against the Landlord relative to dealings by Tenant with brokers other than the Broker, Tenant shall defend the claim against Landlord with counsel of Tenant's selection first approved by Landlord (which approval will not be unreasonably withheld) and save harmless and indemnify Landlord on account of loss, cost or damage which may arise by reason of such claim. 

  (B) 	Landlord warrants and represents that Landlord has not dealt with any broker in connection with the consummation of this Lease other than the Broker; and in the event any claim is made against the Tenant relative to dealings by Landlord with brokers including the Broker, Landlord shall defend the claim against Tenant with counsel of Landlord's selection first approved by Tenant (which approval will not be unreasonably withheld) and save harmless and indemnify Tenant on account of 

   

   

   

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  loss, cost or damage which may arise by reason of such claim. Landlord agrees that it shall be solely responsible for the payment of brokerage commissions to the Broker for the Original Lease Term pursuant to a separate written agreement between Landlord and such Brokers. 

  16.6 	Invalidity of Particular Provisions 

  If any term or provision of this Lease, including but not limited to any waiver of contribution or claims, indemnity, obligation, or limitation of liability or of damages, or the application thereof to any person or circumstance shall, to any extent, be invalid or unenforceable, the remainder of this Lease, or the application of such term or provision to persons or circumstances other than those as to which it is held invalid or unenforceable, shall not be affected thereby, and each term and provision of this Lease shall be valid and be enforced to the fullest extent permitted by law. 

  16.7 	Provisions Binding, Etc. 

  The obligations of this Lease shall run with the land, and except as herein otherwise provided, the terms hereof shall be binding upon and shall inure to the benefit of the successors and assigns, respectively, of Landlord and Tenant and, if Tenant shall be an individual, upon and to his heirs, executors, administrators, successors and assigns. Each term and each provision of this Lease to be performed by Tenant or Landlord shall be construed to be both a covenant and a condition. The reference contained to successors and assigns of Tenant is not intended to constitute a consent to assignment by Tenant, but has reference only to those instances in which Landlord may have later given consent to a particular assignment as required by the provisions of Article XII hereof and for those assignments to a Permitted Transferee for which Landlord's consent is expressly not required pursuant to Section 12.5 of this Lease. 

  16.8 	Recording; Confidentiality 

  Landlord and Tenant agree not to record the within Lease, but simultaneously with their execution and delivery of this Lease to execute and deliver a Notice of Lease in the form attached hereto as Exhibit L. In no event shall such document set forth the rent or other charges payable by Tenant under this Lease; and any such document shall expressly state that it is executed pursuant to the provisions contained in this Lease, and is not intended to vary the terms and conditions of this Lease. 

  Each of Landlord and Tenant agrees that this Lease and the terms contained herein will be treated as strictly confidential and except as required by law (or except with the written consent of the other) it shall not disclose the economic or other material terms (excluding the general existence of the Lease) of this Lease or any material details pertaining to the other party's business to any third party except for its advisors, brokers, partners, lenders, accountants, attorneys, and to prospective investors, lenders, assignees and subtenants who have been advised of the confidentiality provisions contained herein and have agreed to be bound thereby. In the event either party is required by law to provide this Lease or disclose any of its terms, the disclosing party shall give the other 

   

   

   

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  party prompt notice of such requirement prior to making disclosure so that such other party may seek an appropriate protective order; provided, however, that the requirements set forth in this sentence shall not apply to the initial disclosure of this Lease pursuant to Tenant's or Guarantor's Form 10Q or Form l0K filings. If failing the entry of a protective order the disclosing party is compelled to make disclosure, the disclosing party shall only disclose portions of the Lease which such party is required to disclose and will exercise reasonable efforts to obtain assurance that confidential treatment will be accorded to the information so disclosed. Notwithstanding the foregoing, Tenant acknowledges and agrees that Landlord will and may report financial information regarding rents and other information about Building operations and revenues to (among others) analysts, regulatory authorities and prospective buyers, investors and lenders, and the financial terms of this Lease may be included in a consolidated manner with such information, provided, however, that except for the submission of the rent roll for the Building, such information will not specifically identify Tenant. 

  16.9 	Notices and Time for Action 

  Whenever, by the terms of this Lease, notice shall or may be given either to Landlord or to Tenant, such notices shall be in writing and shall be sent by recognized overnight or other commercial courier with receipted proof of delivery and with postage or delivery charges, as the case may be, prepaid as follows: 

  If intended for Landlord, addressed to Landlord at the address set forth in Article 1 of this Lease (or to such other address or addresses as may from time to time hereafter be designated by Landlord by like notice) with a copy to Landlord, Attention: Regional General Counsel. 

  If intended for Tenant, addressed to Tenant at the address set forth in Article I of this Lease except that from and after the Commencement Date the address of Tenant shall be the Premises (or to such other address or addresses as may from time to time hereafter be designated by Tenant by like notice), with a copy to Eric R. Allon, Esquire, Bemkopf Goodman LLP, Two Seaport Lane, 9th Floor, Boston, MA 02210. 

  Except as otherwise provided herein, all such notices shall be effective when received; provided, that (i) if receipt is refused, notice shall be effective upon the first occasion that such receipt is refused, (ii) if the notice is unable to be delivered due to a change of address of which no notice was given, notice shall be effective upon the date such delivery was attempted, (iii) if the notice address is a post office box number, notice shall be effective the day after such notice is sent as provided hereinabove or (iv) if the notice is to a foreign address, notice shall be effective two (2) days after such notice is sent as provided hereinabove. 

  Where provision is made for the attention of an individual or department, the notice shall be effective only if the wrapper in which such notice is sent is addressed to the attention of such individual or department. 

   

   

   

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  Any notice given by an attorney on behalf of Landlord or by Landlord's managing agent shall be considered as given by Landlord and shall be fully effective. Any notice given by an attorney on behalf of Tenant shall be considered as given by Tenant and shall be fully effective. 

  Time is of the essence with respect to any and all notices and periods for giving of notice or taking any action thereto under this Lease. 

  16.10 	When Lease Becomes Binding and Authority 

  Employees or agents of Landlord have no authority to make or agree to make a lease or any other agreement or undertaking in connection herewith. The submission of this document for examination and negotiation does not constitute an offer to lease, or a reservation of, or option for, the Premises, and this document shall become effective and binding only upon the execution and delivery hereof by both Landlord and Tenant. All negotiations, considerations, representations and understandings between Landlord and Tenant are incorporated herein and may be modified or altered only by written agreement between Landlord and Tenant, and no act or omission of any employee or agent of Landlord or Tenant shall alter, change or modify any of the provisions hereof. Landlord and Tenant hereby represents and warrants to the other that all necessary action has been taken to enter this Lease and that the person signing this Lease on behalf of Landlord and Tenant has been duly authorized to do so. 

  16.11 	Paragraph Headings 

  The paragraph headings throughout this instrument are for convenience and reference only, and the words contained therein shall in no way be held to explain, modify, amplify or aid in the interpretation, construction or meaning of the provisions of this Lease. 

  16.12 	Rights of Mortgagee 

  This Lease shall be subject and subordinate to any mortgage hereafter on the Building or the Property and/or Landlord's interest in the Overlease and to each advance made or hereafter to be made under any mortgage, and to all renewals, modifications, consolidations, replacements and extensions thereof and all substitutions therefore, provided, however, that in consideration of and as a condition precedent to Tenant's agreement to subordinate this Lease with respect to mortgages hereafter placed on the Building or the Property by Landlord shall be the receipt by Tenant of a subordination, non-disturbance and attornment agreement (an “Lender SNDA”) for the benefit of Tenant on a mutually agreeable form and with commercially reasonable terms and qualifications from and wherein the applicable mortgagee expressly recognizes the rights and benefits of Tenant and the obligations of Landlord under this Lease and further provides that, so long as there is no Event of Default of Tenant in existence, Tenant's occupancy will not be disturbed. In the event that any mortgagee or its respective successor in title shall succeed to the interest of Landlord, then, this Lease shall nevertheless continue in full force and effect and Tenant shall and does hereby agree to attorn to such mortgagee or successor and to recognize such mortgagee or successor as its 

   

   

   

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  landlord. If any holder of a mortgage which includes the Premises, executed and recorded prior to the date of this Lease, shall so elect, this Lease and the rights of Tenant hereunder, shall be superior in right to the rights of such holder, with the same force and effect as if this Lease had been executed, delivered and recorded, or a statutory notice hereof recorded, prior to the execution, delivery and recording of any such mortgage. The election of any such holder shall become effective upon either notice from such holder to Tenant in the same fashion as notices from Landlord to Tenant are to be given hereunder or by the recording in the appropriate registry or recorder's office of an instrument in which such holder subordinates its rights under such mortgage to this Lease. 

  Landlord hereby represents that as of the date of this Lease, there is no mortgage or ground lease currently encumbering the Building or the Property, except for the Overlease. 

  If in connection with obtaining financing a bank, insurance company, pension trust or other institutional lender shall request reasonable modifications in this Lease as a condition to such financing, Tenant will not unreasonably withhold, delay or condition its consent thereto, provided that such modifications do not increase the monetary obligations of Tenant hereunder or materially adversely affect the leasehold interest hereby created or Tenant's rights hereunder. 

  16.13 	Rights of Ground Lessor 

  This Lease is subject and subordinate to the Overlease and to all renewals, modifications, consolidations, replacements and extensions thereof, provided, however, such subordination shall be subject to the terms and conditions set forth in the subordination, non-disturbance and attornment agreement (the “Overlease SNDA”) in the form of Exhibit O attached hereto and Landlord, Tenant and Overlandlord shall, simultaneously with the execution and delivery of this Lease, execute and deliver the Overlease SNDA. 

  If Landlord's interest in property (whether land only or land and buildings) which includes the Premises is acquired by another party and simultaneously leased back to Landlord herein, the holder of the ground lessor's interest in such lease shall enter into a mutually agreeable recognition agreement with Tenant simultaneously with the sale and leaseback, wherein the ground lessor will agree to recognize this Lease and the rights granted to Tenant under this Lease, including, without limitation, Tenant's right to use and occupy the Premises and the appurtenant rights granted under this Lease so long as there is no Event of Default of Tenant under this Lease, and wherein Tenant shall agree to attorn to such ground lessor as its Landlord and to perform and observe all of the tenant obligations hereunder, in the event such ground lessor succeeds to the interest of Landlord hereunder under such ground lease and assumes the obligations of Landlord under this Lease. Notwithstanding the foregoing, the Overlease SNDA shall govern with respect to the Overlease. 

  16.14 	Notice to Mortgagee and Ground Lessor 

   

   

   

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  After receiving notice from any person, firm or other entity that it holds a mortgage which includes the Premises as part of the mortgaged premises, or that it is the ground lessor under a lease with Landlord as ground lessee, which includes the Premises as a part of the leased premises, no notice of a default from Tenant to Landlord shall be effective unless and until a copy of the same is given to such holder or ground lessor at the address as specified in said notice (as it may from time to time be changed), and, subject to the terms mutually agreed to in a Lender SNDA with the holder or in a recognition agreement with the ground lessor, as applicable, the curing of any of Landlord's defaults by such holder or ground lessor within a reasonable time after such notice (including a reasonable time to obtain possession of the premises if the mortgagee or ground lessor elects to do so) shall be treated as performance by Landlord. For the purposes of this Section 16.14, the term “mortgage” includes a mortgage on a leasehold interest of Landlord (but not one on Tenant's leasehold interest). If any mortgage is listed on Exhibit I then the same shall constitute notice from the holder of such mortgage for the purposes of this Section 16.14. 

  16.15 	Assignment of Rents 

  With reference to any assignment by Landlord of Landlord's interest in this Lease, or the rents payable hereunder, conditional in nature or otherwise, which assignment is made to the holder of a mortgage or ground lease on property which includes the Premises, Tenant agrees, subject to the terms and conditions of any Lender SNDA then in effect and the terms of the Overlease SNDA: 

  (a) 	That the execution thereof by Landlord, and the acceptance thereof by the holder of such mortgage, or the ground lessor, shall never be treated as an assumption by such holder or ground lessor of any of the obligations of Landlord hereunder, unless such holder, or ground lessor, shall, by notice sent to Tenant, specifically otherwise elect or upon foreclosure of such holder's mortgage and the taking of possession of the Premises, or, in the case of a ground lessor, the assumption of Landlord's position hereunder by such ground lessor. 

  In no event shall the acquisition of title to the Building and the land on which the same is located by a purchaser which, simultaneously therewith, leases the entire Building or such land back to the seller thereof be treated as an assumption, by operation of law or otherwise, of Landlord's obligations hereunder, but Tenant shall look solely to such seller-lessee, and its successors from time to time in title, for performance of Landlord's obligations hereunder. In any such event, this Lease shall be subject and subordinate to the lease to such purchaser provided that such purchaser-lessor agrees in a written non-disturbance agreement reasonably acceptable to Tenant to recognize the rights of Tenant under this Lease, including the right of Tenant to use and occupy the Premises and the appurtenant rights granted to Tenant so long as there is no Event of Default under this Lease. For all purposes, such seller-lessee, and its successors in title, shall be the landlord hereunder unless and until Landlord's position shall have been assumed by such purchaser-lessor. Tenant acknowledges that it has been informed by Landlord that Landlord has entered into certain agreements with its lenders (“Lenders”) which require 

   

   

   

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  it to include in this Lease (and requires Tenant to include in any sublease which may be permitted hereunder) the following provisions: (i) no rent payable under this Lease or under any such sublease may be based in whole or in part on the income or profits derived from the Premises or any subleased premises except for percentage rent based on gross (not net) receipts or sales; (ii) if Lenders succeed to the Landlord's interests under this Lease and are advised by Lenders' counsel that all or any portion of the rent payable under this Lease is or may be deemed to be unrelated business income within the meaning of the Internal Revenue Code of the 1986, as amended, or the regulations issued thereunder, Lenders may elect to amend unilaterally the calculation of rents under this Lease so that none of the rents payable to Lenders under this Lease will constitute unrelated business income, provided that such amendment will not increase the Tenant's payment obligations or other liability under this Lease or reduce the Landlord's obligations under this Lease; and (iii) if Lenders request, Tenant will be obligated to execute any document Lenders may deem necessary to effect the amendment of this Lease in accordance with the foregoing subsection (ii). Further, no Annual Fixed Rent or Additional Rent may be paid by Tenant more than thirty (30) days in advance except with Lenders' prior written consent, and any such payment without such consent shall not be binding on Lenders. 

  16.16 	Status Report and Financial Statements 

  Recognizing that Landlord may find it necessary to establish to third parties, such as accountants, banks, potential or existing mortgagees, potential purchasers or the like, the then current status of performance hereunder, Tenant, within fifteen (15) business days after the request of Landlord made from time to time, will within fifteen (15) business days after such request furnish to Landlord, or any existing or potential holder of any mortgage encumbering the Premises, the Building or the Complex, or any potential purchaser of the Premises, the Building, or the Complex (each an “Interested Party”) a statement of the status of any matter pertaining to this Lease, including, without limitation, acknowledgments that (or the extent to which) each party is in compliance with its obligations under the terms of this Lease. In addition, Tenant shall deliver to Landlord, or any Interested Party designated by Landlord, upon Landlord's written request given not more than once in any 12-month period and subject to the provisions of Section 16.8 of this Lease, the most recent audited financial statements of Tenant (for Tenant's North American business) and Guarantor (which financial statements of Guarantor may be on a consolidated basis), as requested by Landlord, or if Tenant or Guarantor does not have its financials audited, Tenant shall provide financial statements certified by a senior member of the finance team of Tenant or Guarantor, as applicable, including, but not limited to, a balance sheet, income statement and cash flow statements which financial statements shall include sufficient detail and information for Landlord to assess Tenant's or Guarantor's, as applicable, financial condition. Notwithstanding the foregoing, so long as Guarantor's stock is publicly traded on a national exchange (or publicly listed in an equivalent manner, such as on NASDAQ) that requires its financial statements to be publicly disclosed and Tenant remains a consolidated subsidiary of Guarantor, Tenant shall have no obligation to deliver any financial statements of Tenant or Guarantor to Landlord. Any such status statement or financial statement delivered by Tenant pursuant to this Section 16.16 may be relied upon by any Interested Party. 

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  Landlord shall keep any non-public information provided by Tenant pursuant to this Section 16.16 strictly confidential and shall not disclose the same other than (i) to Landlord’s officers, employees and consultants (or to any of the Interested Parties) provided such parties are informed of the confidentiality provisions of this Lease, or (ii) to the extent required by applicable law or by any administrative, governmental or judicial proceeding.

  At Tenant’s request, Landlord shall similarly within fifteen (15) business days after Tenant’s request, furnish to Tenant a commercially reasonable statement with similar types of information as set forth above, which statement may be relied upon by any actual or prospective assignee, subtenant, lender or purchaser of Tenant.

  16.17	Self-Help

  (A)	If Tenant shall at any time fail to make any payment or perform any act which Tenant is obligated to make or perform under this Lease and (except in the case of emergency) if the same continues unpaid or unperformed beyond applicable notice and cure periods, then Landlord may, but shall not be obligated so to do, after ten (10) days’ notice to and demand upon Tenant, or without notice to or demand upon Tenant in the case of any emergency, and without waiving, or releasing Tenant from, any obligations of Tenant in this Lease contained, make such payment or perform such act which Tenant is obligated to perform under this Lease in such manner and to such extent as may be reasonably necessary, and, in exercising any such rights, pay any costs and expenses, employ counsel and incur and pay reasonable attorneys’ fees. All sums so paid by Landlord and all reasonable and necessary costs and expenses of Landlord incidental thereto, together with interest thereon at the Default Interest Rate (as defined in Section 16.21), from the date of the making of such expenditures by Landlord, shall be deemed to be Additional Rent and, except as otherwise in this Lease expressly provided, shall be payable to the Landlord on demand, and if not promptly paid shall be added to any rent then due or thereafter becoming due under this Lease, and Tenant covenants to pay any such sum or sums with interest as aforesaid, and Landlord shall have (in addition to any other right or remedy of Landlord) the same rights and remedies in the event of the non-payment thereof by Tenant as in the case of default by Tenant in the payment of Annual Fixed Rent.

  (B)	In the event that Landlord shall be in default in the performance of any of Landlord’s obligations under this Lease (with the exception of Landlord’s obligations to perform the Landlord’s Work under Exhibit B) beyond the expiration of the applicable notice and cure periods provided in Section 15.6 above, then if Landlord or the holder of any such mortgage (at the option of such mortgagee) fails to (i) commence to cure such default within the time periods specified in said Section 15.6 and (ii) thereafter prosecute such cure to completion with due diligence given the nature thereof, then thereafter at any time prior to Landlord’s or such mortgagee’s commencing such cure or subsequent to Landlord or such mortgagee commencing such cure if Landlord or such mortgagee has not prosecuted such cure to completion with due diligence given the nature of such 

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  cure, Tenant may, but need not (and without limitation of any other rights and remedies to which Tenant may be entitled under this Lease, at law or in equity on account of such default of Landlord), perform such obligation and charge the reasonable cost thereof to Landlord; provided, however, that in the case of emergency or imminent threat to the safety of occupants in the Premises or material property damage within the Premises, Tenant may make such emergency repairs upon such shorter notice to Landlord and Landlord’s mortgagee as may be reasonably practicable under the circumstances and charge the reasonable cost thereof to Landlord under this Section 16.17(B). All sums so paid by Tenant (together with interest at the Default Interest Rate) and all costs and expenses in connection with the performance of any such act by Tenant shall be payable to Tenant immediately on demand. If Landlord fails to reimburse Tenant for the sums paid by Tenant within thirty (30) days of Tenant’s demand therefor (such demand to include reasonable evidence of the costs so incurred by Tenant), and Landlord has not, within ten (10) business days of its receipt of Tenant’s demand, given written notice to Tenant objecting to such demand (or if Landlord has timely disputed Tenant’s demand and has thereafter failed to pay Tenant the amount of any final, unappealable judgment against Landlord within thirty (30) days after the issuance thereof) then subject to the last sentence of this paragraph, Tenant shall have the right to offset the amount of such sums demanded by Tenant against the Annual Fixed Rent and Additional Rent payable under this Lease until offset in full. Notwithstanding the foregoing, Tenant shall have no right to reduce any monthly installment of Annual Fixed Rent by more than ten percent (10%) of the amount of Annual Fixed Rent which would otherwise have been due and payable by Tenant to Landlord, unless the aggregate amount of such deductions over the remainder of the Lease Term (as the same may have been extended) will be insufficient to fully reimburse Tenant for the amount demanded by Tenant, in which event Tenant may effect such offset by making deductions from each monthly installment of Annual Fixed Rent in equal monthly amounts over the balance of the remainder of the Lease Term.

  16.18	Holding Over

  Any holding over by Tenant after the expiration of the term of this Lease shall be treated as a tenancy at sufferance and shall be on the terms and conditions as set forth in this Lease, as far as applicable except that Tenant shall pay as a use and occupancy charge an amount equal to the greater of (x) (i) for the first two (2) months of any such holdover, an amount equal to 125% of the sum of the Annual Fixed Rent and Additional Rent (including Operating Expenses Allocable to the Premises and Landlord’s Tax Expenses Allocable to the Premises) calculated (on a daily basis) at the rate payable under the terms of this Lease immediately prior to the commencement of such holdover, (ii) during the third (3rd) month of any such holdover, an amount equal to one hundred seventy five percent (175%) of the Annual Fixed Rent and Additional Rent (including Operating Expenses Allocable to the Premises and Landlord’s Tax Expenses Allocable to the Premises) calculated (on a daily basis) at the rate payable under the terms of this Lease immediately prior to the commencement of such holdover, and (iii) thereafter during any such holdover period, an amount equal to two hundred percent (200%) of the Annual

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  Fixed Rent and Additional Rent (including Operating Expenses Allocable to the Premises and Landlord’s Tax Expenses Allocable to the Premises) calculated (on a daily basis) at the rate payable under the terms of this Lease immediately prior to the commencement of such holdover, or (y) the fair market rental value of the Premises; in each case for the period measured from the day on which Tenant’s hold-over commences and terminating on the day on which Tenant vacates the Premises. In addition, Tenant shall save Landlord, its agents and employees harmless and will indemnify and defend Landlord, its agents and employees from and against any and all damages which Landlord may suffer on account of Tenant’s hold-over in the Premises after the expiration or prior termination of the Term of this Lease; provided, however, Tenant shall not be liable for indirect or consequential damages suffered by Landlord on account of any such holding over by Tenant unless such holding over continues for more than ninety (90) days after the expiration of the Term of this Lease. Nothing in the foregoing nor any other term or provision of this Lease shall be deemed to permit Tenant to retain possession of the Premises or hold over in the Premises after the expiration or earlier termination of the Lease Term. All property which remains in the Building or the Premises after the expiration or termination of this Lease shall be conclusively deemed to be abandoned and may either be retained by Landlord as its property or sold or otherwise disposed of in such manner as Landlord may see fit. If any part thereof shall be sold, then Landlord may receive the proceeds of such sale and apply the same, at its option against the expenses of the sale, the cost of moving and storage, any arrears of rent or other charges payable hereunder by Tenant to Landlord and any damages to which Landlord may be entitled under this Lease and at law and in equity.

  16.19	Entry by Landlord

  Landlord, and its duly authorized representatives, shall, upon reasonable prior notice (except in the case of emergency), have the right to enter the Premises at all reasonable times (except at any time in the case of emergency) for the purposes of inspecting the condition of same and, subject to Section 16.17 hereof, making such repairs, alterations, additions or improvements thereto as may be necessary if Tenant fails to do so as required hereunder (but the Landlord shall have no duty whatsoever to make any such inspections, repairs, alterations, additions or improvements except as otherwise provided in Sections 4.1, 7.1 and 7.2 and Exhibit B). and to show the Premises to prospective tenants during the fifteen (15) months preceding expiration of the Term of this Lease as it may have been extended (or during the final twenty-four (24) months of the Term if Tenant has no further extension options) and at any reasonable time during the Lease Term upon reasonable prior notice to show the Premises to prospective purchasers and mortgagees. Landlord agrees to use commercially reasonable efforts to not unreasonably interfere with Tenant’s use of the Premises during any such entry into the Premises and to schedule any such access hereunder during Tenant’s normal business hours and in the presence of a Tenant representative when feasible, except in the event of an emergency, and any work in any portion of the Premises then occupied by Tenant that would interfere with the operation of a first-class business office (whether due to noise, the creation of dirt or debris, or otherwise) will be performed after the Building’s normal business hours.

  16.20	Tenant’s Payments

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  Each and every payment and expenditure, other than Annual Fixed Rent, shall be deemed to be Additional Rent hereunder, whether or not the provisions requiring payment of such amounts specifically so state, and shall be payable, unless otherwise provided in this Lease, within ten (10) business days after written demand by Landlord, and in the case of the non-payment of any such amount, Landlord shall have, in addition to all of its other rights and remedies, all the rights and remedies available to Landlord hereunder or by law in the case of non-payment of Annual Fixed Rent. Unless expressly otherwise provided in this Lease, the performance and observance by Tenant of all the terms, covenants and conditions of this Lease to be performed and observed by Tenant shall be at Tenant’s sole cost and expense. Subject to Tenant’s express rights under Section 7.6 of this Lease, if Tenant has not objected to any statement of Additional Rent which is rendered by Landlord to Tenant within ninety (90) days after Landlord has rendered the same to Tenant, then the same shall be deemed to be a final account between Landlord and Tenant not subject to any further dispute. In the event that Tenant shall seek Landlord’s consent or approval under this Lease (exclusive of consents or approvals pursuant to Exhibit B with respect to Tenant’s Work or Landlord’s Work and except as otherwise specifically addressed in this Lease), then Tenant shall reimburse Landlord, upon demand, as Additional Rent, for all reasonable costs and expenses, including legal and architectural costs and expenses, incurred by Landlord in processing such request, whether or not such consent or approval shall be given. Notwithstanding anything in this Lease to the contrary, if Landlord or any affiliate of Landlord has elected to qualify as a real estate investment trust (“REIT”), any service required or permitted to be performed by Landlord pursuant to this Lease, the charge or cost of which may be treated as impermissible tenant service income under the laws governing a REIT, may be performed by a taxable REIT subsidiary that is affiliated with either Landlord or Landlord’s property manager, an independent contractor of Landlord or Landlord’s property manager (the “Service Provider”). If Tenant is subject to a charge under this Lease for any such service, then, at Landlord’s direction, Tenant will pay such charge either to Landlord for further payment to the Service Provider or directly to the Service Provider, and, in either case, (i) Landlord will credit such payment against Additional Rent due from Tenant under this Lease for such service, and (ii) such payment to the Service Provider will not relieve Landlord from any obligation under the Lease concerning the provisions of such service.

  16.21	Late Payment

  If Landlord shall not have received any payment or installment of Annual Fixed Rent or Additional Rent (the “Outstanding Amount”) on or before the date on which the same first becomes payable under this Lease (the “Due Date”), the amount of such payment or installment shall incur a late charge equal to the sum of: (a) five percent (5%) of the Outstanding Amount for administration and bookkeeping costs associated with the late payment and (b) interest on the Outstanding Amount from the Due Date through and including the date such payment or installment is received by Landlord, at a rate (the “Default Interest Rate”) equal to the lesser of (i) the rate announced by Bank of America, N.A. (or its successor) from time to time as its prime or base rate (or if such rate is no longer available, a comparable rate reasonably selected by Landlord), plus two percent (2%), or (ii) the maximum applicable legal rate, if any. However, Landlord

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  agrees to waive the late charge due hereunder for the first late payment by Tenant under this Lease per calendar year, provided that Landlord receives such payment from Tenant within five (5) business days after written notice of such delinquency is given to Tenant (provided that if such payment is not received within the aforesaid five (5) business day period, interest on the Outstanding Amount will accrue as of the original Due Date). Such late charge and interest shall be deemed Additional Rent and shall be paid by Tenant to Landlord upon demand.

   

  16.22	Counterparts

  This Lease may be executed in several counterparts, each of which shall be deemed an original, and such counterparts shall constitute but one and the same instrument.

  16.23	Entire Agreement

  This Lease, the Overlease SNDA and any Lender SNDA entered into during the Lease Term constitute the entire agreement between the parties hereto, Landlord’s managing agent and their respective affiliates with respect to the subject matter hereof and thereof and supersedes all prior dealings between them with respect to such subject matter, and there are no verbal or collateral understandings, agreements, representations or warranties not expressly set forth in this Lease or such Overlease SNDA or Lender SNDA. No subsequent alteration, amendment, change or addition to this Lease shall be binding upon Landlord or Tenant, unless reduced to writing and signed by the party or parties to be charged therewith.

  16.24	Limitation of Liability

  (A) 	Notwithstanding anything to the contrary contained in this Lease, Tenant shall neither assert nor seek to enforce any claim for breach of this Lease against any of Landlord’s assets other than Landlord’s interest in the Building and the Property and the rent, insurance proceeds, condemnation awards, and other income derived therefrom, and Tenant agrees to look solely to such interest for the satisfaction of any liability of Landlord under this Lease, it being specifically agreed that neither Landlord, nor any successor holder of Landlord’s interest hereunder, nor any beneficiary of any Trust of which any person from time to time holding Landlord’s interest is Trustee, nor any such Trustee, nor any member, manager, partner, director or stockholder nor Landlord’s managing agent shall ever be personally liable for any such liability. This paragraph shall not limit any right that Tenant might otherwise have to obtain injunctive relief against Landlord or Landlord’s successors-in-interest, or to take any other action which shall not involve the personal liability of Landlord, or of any successor holder of Landlord’s interest hereunder, or of any beneficiary of any trust of which any person from time to time holding Landlord’s interest is Trustee, or of any such Trustee, or of any manager, member, partner, director or stockholder of Landlord or of Landlord’s managing agent, to respond in monetary damages from Landlord’s assets other than Landlord’s interest in said Building, as aforesaid, but in no event shall Tenant have the right, except as expressly set forth in this Lease, 

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  to terminate or cancel this Lease or to withhold rent or to set off any claim or damages against rent as a result of any default by Landlord or breach by Landlord of its covenants or any warranties or promises hereunder, except in the case of a wrongful eviction of Tenant from the demised premises (constructive or actual) by Landlord continuing after notice to Landlord thereof and a reasonable opportunity for Landlord to cure the same. In no event shall Landlord ever be liable for any indirect or consequential damages or loss of profits or the like.

  (B)	Notwithstanding anything to the contrary contained in this Lease, Landlord shall look solely to the assets of Tenant to enforce Tenant’s obligations hereunder and no partner, shareholder, director, officer, principal, employee or agent, directly and indirectly, of Tenant shall be personally liable for the performance of Tenant’s obligations under this Lease and, except for Tenant’s liability under Section 16.18, in no event shall either Landlord or Tenant ever be liable to the other for any indirect or consequential damages or loss of profits or the like.

  16.25	No Partnership

  The relationship of the parties hereto is that of landlord and tenant and no partnership, joint venture or participation is hereby created.

  16.26	Governing Law

  This Lease shall be governed exclusively by the provisions hereof and by the law of The Commonwealth of Massachusetts, as the same may from time to time exist.

  16.27	Payment of Litigation Expenses

  In the event of litigation or other legal proceeding between Landlord and Tenant relating to the provisions of this Lease or Tenant’s occupancy of the Premises or in connection with any bankruptcy case, the losing party shall, upon demand, reimburse the prevailing party for its reasonable costs of prosecuting and/or defending such proceeding (including, without limitation, reasonable attorneys’ fees).

  16.28	Waiver of Trial by Jury

  To induce the other party to enter into this Lease, each of Landlord and Tenant hereby waives any right to trial by jury in any action, proceeding or counterclaim brought by either Landlord or Tenant on any matters whatsoever arising out of or any way connected with this Lease, the relationship of the Landlord and the Tenant, the Tenant’s use or occupancy of the Premises and/or any claim of injury or damage, including but not limited to, any summary process eviction action.

  16.29	Guaranty

  Simultaneously with the execution of this Lease and as a material inducement for Landlord to enter into this Lease, Guarantor shall execute and deliver a guaranty (the “Tenant Guaranty”) in the form attached hereto as Exhibit N attached hereto and 

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  incorporated herein, guaranteeing the performance of all of Tenant’s covenants, obligations and agreements under this Lease. During the Lease Term, and any extensions or renewals thereof, the Tenant Guaranty shall remain in full force and effect and Landlord shall hold the Tenant Guaranty as security for the performance of Tenant’s obligations under this Lease. Guarantor shall execute any reaffirmations of the Tenant Guaranty from time to time requested by Landlord.

  16.30	Waiver of Landlord’s Lien

  From time to time upon Tenant’s reasonable written request, Landlord agrees to furnish Tenant or any vendor or other supplier under any conditional sale, chattel mortgage or other security arrangement, any consignor, any holder of reserved title or any holder of a security interest, with a waiver of Landlord’s lien upon Tenant’s trade fixtures, furnishings, signs, equipment, machinery, inventory and personal property in or on the Premises.

  16.31	Name. Address and Brand of Building

  Tenant shall not use the name, address or brand of the Building or the Complex for any purpose other than as the address of the business conducted by Tenant in the Premises without the written consent of Landlord. Landlord reserves the right to change the name, address and/or brand of the Building and/or the Complex at any time in its sole discretion by written notice to Tenant and Landlord shall not be liable to Tenant for any loss, cost or expense on account of any such change of name, provided, however, Landlord shall reimburse Tenant for its reasonable, out-of-pocket costs incurred by Tenant in changing addresses on stationery, business cards, directories, advertising, and other such items, shall be paid by Landlord, in a sum not to exceed $2,500.00.

  ARTICLE XVII

        Tenant Signage

  17.1 	Definitions. The following terms have the meanings herein set forth for all purposes under this Lease, and capitalized terms used in the following definitions which are not elsewhere defined in this Lease are defined in this Section 17.1:

  (A)	“Building Signage” means one (1) identification sign with Tenant’s name and

  logo on the exterior facade of the Building facing US-95, in the approximate area and dimensions shown on Exhibit K-l and, at Tenant’s election, and one (1) identification sign with Tenant’s name and logo on the exterior facade of the Building facing the retail buildings in the Complex. Subject to Tenant’s obtaining any necessary permits and approvals and provided and on the express condition that such additional sign will not result in any decrease in the available signage for the remainder of the Complex, Tenant may install one (1) additional identification sign with Tenant’s name and logo on the exterior facade of the Building facing US-95, for a total of two (2) Tenant exterior signs facing US-95.

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  (B)	“Monument Signage” means the exterior monument sign to be installed, at Tenant’s expense, by Landlord at the main entrance to the Building (the “Monument”), in the approximate area shown on Exhibit K-2. So long as Tenant leases the entire Building, there shall be no other tenants listed on the Monument.

  (C)	“Pylon Signage” means, subject to Landlord obtaining a variance to existing approvals for the Complex and any necessary permits and approvals, one (1) new pylon style sign with Tenant’s name and logo to be installed on the Property at or near the intersection of Main Street and Tower Road in the approximate area shown on Exhibit K-2.

  (D)	“Complex Directional Signage” means (i) one (1) 4 ft. high by 6 ft. wide, post mounted wayfinding sign to demark the delivery access for the Building to be installed at the Complex at or near the intersection of Main Street and Hillside Drive and (ii) one (1) 30 x 24 in. directional sign to be installed on the Property at or near the intersection of Hillside Drive and the entrance to the “Area A” parking area on the Property (collectively, the “Tenant’s Directional Signage”), in the approximate areas shown on Exhibit K-2.

  (E)	“Permitted Logo” means an entity mark or trade mark commonly used by a member of the Tenant Group and which, in Landlord’s reasonable discretion, is consistent with the signage standards of a first class office building in the Market Area.

  (F)	“Permitted Names” means the entity name or trade name of a member of the Tenant Group.

  (G)	“Signage Appearance Standards” means that the finished appearance, taking into account the applicable Signage Factors, (i) shall be of high quality and have a tasteful presentation which is aesthetically compatible and harmonious with the architectural elements of the Building and, with respect to Pylon Signage and Complex Directional Signage, the signage standards for the Complex, (ii) complies with any signage standards required by Legal Requirements, the Overlease or Overlandlord, and (iii) shall not materially and adversely interfere with Landlord’s ability to use, operate, maintain and manage the Building and the Complex in a first-class manner similar to other office buildings in similar locations, with similar types of tenants.

  (H)	“Signage Factors” means the design, size, materials, quality, method of attachment, coloring and location of the signage.

  (I)	“Signage Occupancy Condition(s)” means as follows: (1) one or more members of the Tenant Group shall directly lease at least 80,000 square feet of Rentable Floor Area in the Building; and (2) the Original Tenant has not assigned this Lease (except for an assignment to a Permitted Transferee under Section 12.5 above) or sublet more than 50,000 square feet of the Rentable Floor Area of the

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  Premises (exclusive of subleases to a Permitted Transferee under Section 12.5 above).

  (J)	“Tenant Group” means Clarks Americas, Inc. (the “Original Tenant”), Guarantor and any entity to whom this Lease may be assigned or the entire Premises sublet as a Permitted Transferee under Section 12.5 above without Landlord’s consent so long as such Permitted Transferee is of a character and reputation consistent with the standards of a first class office building in the Market Area (it being understood and agreed that any and all other assignees or subtenants shall not be considered to be a part of the Tenant Group for the purposes hereof).

  (K)	“Tenant’s Signage” means that the Building Signage, the Pylon Signage, the Monument Signage and the Directional Signage.

  17.2 	Signage.

  (A)	Provided that the Tenant Group satisfies the Signage Occupancy Conditions and subject to the provisions of this Lease, Tenant shall have the right, at its sole cost and expense, to design and install the Building Signage, subject to applicable zoning requirements and other applicable laws and to Tenant obtaining all necessary permits and approvals therefor (Landlord hereby agreeing to cooperate with Tenant, at no cost or expense to Landlord, in Tenant’s obtaining of such permits and approvals). To the extent permitted by applicable zoning laws, such Building Signage shall be backlit in the manner described on the conceptual plan attached hereto as Exhibit K-1. Tenant’s right to the Building Signage shall be exclusive so long as the Tenant Group satisfies the Signage Occupancy Conditions and Landlord shall not grant or permit other tenants or occupants of the Building the right to maintain exterior signage on the facade of the Building. The Building Signage shall be substantially in accordance with and in the location shown on Exhibit K-1; provided, however, that the final design thereof shall be subject to Landlord’s approval in Landlord’s commercially reasonable discretion so long as the final design and location thereof is not materially different than that shown on the conceptual plan attached as Exhibit K-1 and satisfies the Signage Appearance Standards.

  (B)	Provided that the Tenant Group satisfies the Signage Occupancy Conditions and subject to the provisions of this Lease, Tenant shall have the non-exclusive right during the Lease Term (as it may be extended), at Tenant’s sole cost and expense, to have its Monument Signage on the Monument substantially in accordance with the conceptual plan attached hereto as Exhibit K-2, subject to applicable zoning requirements and other applicable laws and to Tenant obtaining all necessary permits and approvals therefor (Landlord hereby agreeing to cooperate with Tenant, at no cost or expense to Landlord, in Tenant’s obtaining of such permits and approvals). Tenant’s Monument Signage, together with any changes, replacements or additions to the Monument Signage shall be at Tenant’s sole cost and expense and shall be subject to Landlord’s approval in Landlord’s 

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  commercially reasonable discretion (so long as such changes, replacements or additions are consistent with Exhibit K-2).

  (C)	Provided that the Tenant Group satisfies the Signage Occupancy Conditions and subject to Landlord obtaining a variance to existing approvals for the Complex and any other necessary permits and approvals, Tenant shall have the right during the Lease Term (as it may be extended), at Tenant’s sole cost and expense, to install the Pylon Signage substantially in accordance with the conceptual plan attached hereto as Exhibit K-2, subject to applicable zoning requirements and other applicable Legal Requirements. Tenant’s Pylon Signage, together with any changes, replacements or additions to the Pylon Signage shall be at Tenant’s sole cost and expense and shall be subject to Landlord’s approval (in Landlord’s commercially reasonable discretion so long as such changes, replacements or additions are consistent with Exhibit K-2) and Master Developer’s approval and Landlord or Master Developer may require Tenant’s Pylon Signage be consistent with the style, design and/or brand of other multi-tenant signage pylon signs at the Complex. Landlord shall have the right to relocate the Pylon Signage to another area on the Property in connection with any alterations, modifications, realignment or other changes being performed to Tower Road (including the Future Road Infrastructure) so long as such relocated area provides reasonably equivalent visibility of Tenant’s Pylon Signage from Main Street. Tenant acknowledges and agrees that there is an existing pylon style sign on the Property at or near the intersection of Main Street and Tower Road and Landlord and/or Master Developer shall have the right to continue to maintain and use such existing pylon sign as a multi-tenant pylon sign (a “Multi-Tenant Sign”) or to replace it with a new Multi-Tenant Sign and in all events to list and identify other tenants of the Complex on such Multi-Tenant Sign. If Tenant does not elect to install the Pylon Signage under this Section 17.2(C), then Landlord agrees to cause Master Developer to include Tenant, at Tenant’s expense, on the Multi Tenant Sign at the Property in a manner consistent with the style, design and/or brand of other tenant listings on such Multi-Tenant Sign. In no event shall Tenant have the right to be identified on both the Pylon Signage and the Multi-Tenant Sign.

  (D)	Provided that the Tenant Group satisfies the Signage Occupancy Conditions and subject to the provisions of this Lease, Tenant shall have the non-exclusive right during the Lease Term (as it may be extended), at Tenant’s sole cost and expense, to install the Tenant’s Directional Signage at the Property and on the Complex substantially in accordance with the conceptual plan attached hereto as Exhibit K-2, subject to applicable zoning requirements and other applicable laws and to Tenant obtaining all necessary permits and approvals therefor (Landlord hereby agreeing to cooperate with Tenant, at no cost or expense to Landlord, in Tenant’s obtaining of such permits and approvals). Tenant’s Directional Signage, together with any changes, replacements or additions to Tenant’s Directional Signage shall be at Tenant’s sole cost and expense and shall be subject to Landlord’s approval in Landlord’s reasonable discretion (so long as such changes, replacements or additions are consistent with Exhibit K-2) and Master

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  Developer’s approval and Landlord or Master Developer may require Tenant’s Directional Signage be consistent with the style, design and/or brand of other tenant directional signage at the Complex. Tenant acknowledges and agrees that Landlord shall have the right to install reasonably sized directional or wayfinding signage for other tenants of the Complex in reasonable locations on or about the Property from time to time and consistent with the style and design of tenant signage at the Complex and the installation of such directional or wayfinding signage shall not be deemed to have a Tenant Adverse Impact for purposes of this Lease so long as any such sign does not exceed 6 feet in height.

  (E)	Tenant’s Signage shall satisfy, as determined by Landlord in Landlord’s commercially reasonable discretion, the Signage Appearance Standards in all respects.

  (F)	The installation and maintenance of Tenant’s Signage shall be at the sole cost and expense of Tenant except that Landlord shall be responsible for the costs of any structural supports or modifications required for the Building to affix the Building Signage to the Building so long as Tenant provides Landlord with all necessary information for such structural supports or modifications by the date set forth on Schedule 4 of Exhibit B attached hereto as the Tenant Impacts to Base Building. Landlord shall not be liable or responsible to Tenant for any damage to Tenant’s Signage unless resulting from the negligence or willful misconduct of Landlord or any of the Landlord Parties and subject to the provisions of Section 13.13 of this Lease; provided, however, that Landlord, at Tenant’s sole cost and expense and with Tenant’s prior written approval (which such approval shall be deemed granted if Tenant fails to respond to Landlord’s request within five (5) business days after delivery), shall maintain the Tenant’s Signage and repair any damage to Tenant’s Signage. Tenant agrees to pay Landlord as Additional Rent the actual and reasonable cost of any such maintenance and repairs within thirty (30) days after delivery by Landlord of a bill therefor.

  (G)	The rights provided to Tenant under this Section 17.2 are personal to the Original Tenant and the Tenant Group and may not be transferred or assigned to any entity that is not a member of the Tenant Group. Original Tenant or another member of the Tenant Group may, at its sole cost and expense, change the Permitted Name and/or related Permitted Logo of Tenant’s Signage from time to time with Landlord’s prior consent, which shall not be unreasonably withheld, delayed or conditioned, to another Permitted Name and/or related Permitted Logo, provided Tenant repairs any damage to the Building as a result thereof.

  (H)	If at any time during the Term, one or more members of the Tenant Group shall not fulfill the Signage Occupancy Conditions and such failure is not cured within thirty (30) days following receipt of a written notice from Landlord, Landlord may, by notice to Tenant, direct Tenant to remove the Tenant’s Signage and to effect such repairs as shall be necessary to the affected areas of the Building to restore such areas to the condition thereof prior to the installation of the Tenant’s

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  Signage, reasonable wear and tear excepted. Any such removal and restoration shall be at Tenant’s sole cost and expense.

  (I)	Upon the expiration or earlier termination of this Lease, Tenant shall remove all (and at any time prior thereto Tenant may remove any) of Tenant’s Signage at Tenant’s sole cost and expense and shall, at Tenant’s sole cost and expense, restore any damage to the Building caused by such removal.

  (J)	If necessary or advisable in connection with maintenance, repairs or construction, Landlord may, at Tenant’s cost and expense, temporarily cover or remove Tenant’s Signage for the reasonable duration of the subject work and Landlord will be responsible to repair any damage to Tenant’s Signage caused by Landlord’s performance of such maintenance, repairs or construction and Landlord will exercise commercially reasonable and diligent manner to uncover and/or reinstall Tenant’s Signage as soon as reasonably practicable.

  (K)	Landlord represents and warrants to Tenant that there are no restrictive covenants or other restrictions affecting the Complex that would prohibit or restrict Landlord from granting to Original Tenant the signage rights set forth in this Section 17.2 and, during the Term and so long as Original Tenant satisfies the Signage Occupancy Conditions (subject to the cure period set forth in Section 17.2(H) above), Landlord will not consent to any voluntary restrictions or prohibitions on the signage rights that may be granted to the Original Tenant under this Lease and which restrictions are not imposed by applicable Legal Requirements. Tenant hereby acknowledges and agrees that lease provisions that provide for nonexclusive signage rights in common with Tenant shall not be deemed “restrictions” or “prohibitions” for purposes hereof.

  ARTICLE XVIII

  EXPANSION OPTIONS

  18.1 	Expansion Option

  (A)	Expansion Premises. On the conditions (which conditions Landlord may waive, at its election, by written notice to Tenant at any time) that both at the time that Tenant exercises its expansion option under this Section 18.1 and as of the date upon which the Expansion Premises would have otherwise become incorporated into the Premises: (i) there exists no Event of Default and there have been no more than two (2) Event of Defaults during the Term, (ii) this Lease is still in full force and effect, (iii) Tenant has neither assigned this Lease nor sublet more than the lesser of (y) 50,000 square feet of the Rentable Floor Area of the Primary Premises, and (z) fifty percent (50%) of the Rentable Floor Area of the Primary Premises (except for an assignment or subletting permitted without Landlord’s consent under Section 12.5 hereof), and (iv) Landlord obtains all necessary building and other permits and governmental approvals required to construct the Expansion Premises and the Structured Parking Deck (as hereinafter defined),

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  Tenant shall have the option to lease the Expansion Premises. Landlord represents that, subject to obtaining all necessary construction and related permits and approvals from the City of Waltham and any other governmental authorities having jurisdiction over the Property, the Building may be expanded by up to 15,000 rentable square feet under current Legal Requirements in effect as of the Execution Date by converting the covered parking area beneath the Building to interior office space in the Building. In addition, pursuant to that certain Certificate of Notice of Project Change dated January 6, 2015 (the “NPC Certificate”) issued by the Executive Office of Energy and Environmental Affairs, an expansion of the Property to include an additional 25,000 square feet (which 25,000 square feet is inclusive of and not in addition to the 15,000 square feet permitted as of right under current Legal Requirements) will not require any additional review or approval by the Massachusetts Environmental Protection Agency. During the Term, neither Landlord nor Overlandlord will take any action to change the zoning or other Legal Requirements affecting the Property that would undermine the NPC Certificate or Tenant’s express expansion right under this Article XVIII.

   

  “Expansion Premises” means additional area on the first (1st) level of the Building in an amount to be designated by Tenant and containing not less than 15,000 square feet of Rentable Floor Area and, subject to the Permit Approvals (as hereinafter defined), not more than 25,000 square feet of Rentable Floor Area all to be constructed and finished in the location of and by conversion of all or a requisite portion of the existing covered parking area beneath the Building.

  (B)	Exercise of Rights to Expansion Premises

  Tenant may exercise its option to lease the Expansion Premises by giving written notice (“Expansion Request Notice”) to Landlord stating that Tenant is interested in exercising its expansion option for the Expansion Premises and the selected Rentable Floor Area of the Expansion Premises (subject to the size parameters expressly set forth in this Section 18.1). Upon the timely giving of a Expansion Request Notice, Landlord shall, within ninety (90) days after receipt thereof, deliver written notice to Tenant (the “Landlord’s Expansion Response”) which sets forth (i) the configuration and rentable square footage of the Expansion Premises, if applicable, (ii) preliminary construction pricing for the construction of the Expansion Premises and the Additional Parking Facility Costs (as hereinafter defined), and (iii) the anticipated commencement date (the “Anticipated Expansion Inclusion Date”) for the Expansion Premises which Anticipated Expansion Inclusion Date shall fall within the Expansion Premises Delivery Window. If Tenant wants to exercise its option to lease the Expansion Premises, Tenant shall deliver written notice to Landlord (“Tenant’s Expansion Exercise Notice”) within thirty (30) days after Landlord’s delivery of the Landlord’s Expansion Response (the “Expansion Exercise Date”) that Tenant unconditionally exercises its option under this Section 18.1 to lease the Expansion Premises. If Tenant fails timely to deliver a Expansion Exercise Notice by the Expansion Exercise Date, Tenant shall have no further right to lease such Expansion Premises, time being of the essence of this Section 18.1. Upon the timely giving of a Tenant’s Expansion Exercise Notice, Landlord and Tenant shall negotiate an amendment 

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  to this Lease to memorialize Tenant’s lease of the Expansion Premises, including the Annual Fixed Rent payable by Tenant for the Expansion Premises, and Landlord’s obligation to construct the Expansion Premises and provide the additional parking facilities at the Property. Notwithstanding anything in this Lease to the contrary, if the Anticipated Expansion Inclusion Date determined by Landlord would occur with less than ten (10) Lease Years remaining in the Lease Term for the Premises, then (a) if Tenant then has the right to extend the term of the Lease pursuant to Section 3.2 which has not either lapsed unexercised or been irrevocably waived, then Tenant shall have no right to exercise its option to lease the Expansion Premises under this Section 18.1 unless Tenant exercises Tenant’s extension option pursuant to Section 3.2 of this Lease prior to, or simultaneously with, the giving of Tenant’s Expansion Exercise Notice (notwithstanding any limitation as to the time of exercise set forth in Section 3.2), in which event the term as to the Expansion Premises shall be co-terminus with the Lease Term as so extended; or (b) if Tenant has no further right to extend the Lease Term, then Tenant shall have no right to lease the Expansion Premises under this Section 18.1. Notwithstanding Tenant’s exercise of its extension option in accordance with the foregoing clause (a), the Annual Fixed Rent for the original Premises for such Extended Term shall be determined at the same time and in the same manner such Annual Fixed Rent would have been determined if Tenant had exercised the extension option within the time periods for such exercise set forth in Section 3.2 of this Lease.

  (C)	Lease Provisions Applying to Expansion Premises

  The leasing to Tenant of the Expansion Premises shall be upon all the same terms and conditions of the Lease except as follows:

  (1)	Commencement Date and Rent Commencement Date. The Term Commencement Date and Rent Commencement Date in respect of the Expansion Premises shall be the later date to occur of (y) the Anticipated Expansion Inclusion Date, and (z) the date that Landlord delivers the entire Expansion Premises to Tenant pursuant to the requirements of this Article XVIII vacant and free of any occupancy rights, personal property and debris.

  (2)	Annual Fixed Rent. The Annual Fixed Rent for the Expansion Premises shall be equal to the amount necessary to pay to Landlord an annual rate of return on the "Total Project Costs" (as hereinafter defined) equal to 275 basis points over the average yield on the ten (10) year United States Treasury notes; provided, however, in no event shall the Annual Fixed Rent payable for the Expansion Premises be less than the amount necessary to pay to Landlord an eight percent (8%) per annum rate of return on the "Total Project Costs". The Total Project Costs shall be determined by Landlord before the Commencement Date and Landlord shall notify Tenant of such amount, and promptly thereafter, Landlord shall notify Tenant of the initial annual amount of Basic Rent. If any costs that would properly constitute Total Project Costs are not yet 

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  determined with certainty as of the Commencement Date, reasonable estimates of such items by Landlord shall be included in the calculation of Total Project Costs to determine the initial Annual Fixed Rent. Upon Landlord's determination of the actual Total Project Costs, Landlord shall submit a statement of the actual Total Project Costs to Tenant and if such amount differs from Landlord's estimate, the amounts of Annual Fixed Rent for each year of the term shall be adjusted to reflect the actual Total Project Costs and any overpayments by Tenant shall be promptly refunded by Landlord. The “Total Project Costs” shall mean all of the total hard and soft costs incurred by Landlord to design, permit and construct the Expansion Premises and to provide the additional parking facilities at the Property, including, without limitation, the Additional Parking Facility Costs, plus a construction management fee payable to Landlord not to exceed five percent (5%) of the Total Project Costs) and with such Total Project Costs calculated on an open book basis. Total Project Costs shall include the land value of the land area reasonably allocated to the Expansion Premises and the Structured Parking Deck and based on a $100.00 per square footage basis, such amount to be escalated annually by four percent (4%).

  (3)	Condition of Expansion Premises; Landlord’s Contribution. The Expansion Premises shall be delivered by Landlord and accepted by Tenant “as-is”, in its then (i.e. as of the Term Commencement Date in respect of the Expansion Premises), state of construction, finish and decoration, without any obligation on the part of Landlord to prepare or construct the Expansion Premises for Tenant’s occupancy, or to provide any work allowance or contribution to Tenant in respect of the Expansion Premises, except that Landlord shall deliver the Expansion Premises to Tenant vacant, broom clean and in accordance with the construction plans and specifications for the Expansion Premises mutually agreed upon by Landlord and Tenant and memorialized in an amendment to this Lease.

  (4)	Security Deposit. Landlord shall have the right to review financial statements of Tenant and Guarantor in connection with any exercise by Tenant of the expansion option under this Section 18.1 and to require that Tenant deposit with Landlord a security deposit in the form of a Letter of Credit in an amount reasonably required by Landlord.

  (5)	Structured Parking Deck. If Tenant exercises its option to lease the Expansion Premises, Landlord shall accommodate Tenant’s right to the Number of Parking Spaces for the Premises plus any additional parking spaces attributable to the Expansion Premises

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  either, at Landlord’s election, by (i) increasing the number of surface parking spaces at the Property, or (ii) by construction of a Structured Parking Deck. All hard and soft costs incurred by Landlord to design, permit and construct the Structured Parking Deck or any additional parking spaces at the Property pursuant to this Section 18.1, shall be deemed “Additional Parking Facility Costs” for purposes of this Article XVIII and constitute part of the Total Expansion Costs. Notwithstanding the foregoing, if and to the extent Landlord constructs a Structured Parking Deck that will supply parking spaces in excess of the Number of Parking Spaces required under this Lease for the Premises and the Expansion Premises, then the Additional Parking Facility Costs will be reasonably allocated by Landlord based upon the ratio of the Number of Parking Spaces required for the Premises and the Expansion Premises to the total number parking spaces included in the Structured Parking Deck and the Total Project Costs will only include the portion of the Additional Parking Facility Costs that Landlord reasonably allocated to the Building.	

  (6)	Construction of Expansion During Occupancy. Tenant acknowledges and agrees that the construction of the Expansion Premises will be performed while Tenant is in occupancy of the Premises and shall not be considered an eviction, actual or constructive, of Tenant from the Premises and shall not entitle Tenant to terminate this Lease or to an abatement of any Annual Fixed Rent or Additional Rent payable hereunder. Tenant acknowledges and agrees that such ongoing construction may result in noise, dust, vibrations and other construction disturbances and Tenant’s exercise of its rights under this Article XVIII shall constitute Tenant’s agreement to perform the obligations of Tenant under this Lease with knowledge of the construction of the Expansion Premises and the disruption and disturbances that may result therefrom, including a temporary reduction in parking spaces at the Property during the construction of the Structured Parking Deck. Landlord shall, in its construction of the Expansion Premises and the Structured Parking Deck, exercise commercially reasonable efforts (in light of the construction activities being performed) to minimize unreasonable interference with Tenant’s use of or access to the Premises pursuant to this Lease and to implement reasonable construction measures and procedures to mitigate dust and noise to the extent commercially feasible provided that such efforts and measures shall not require Landlord to perform such construction activities outside of normal building hours or at material additional cost to Landlord.

   

  (D)	Amendment with respect to Expansion Premises. Notwithstanding the fact that Tenant’s exercise of the above-described expansion option with respect to the

   

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  Expansion Premises shall be self-executing, as aforesaid, the parties hereby agree promptly to execute a lease amendment reflecting the addition of the Expansion Premises. The execution of such lease amendment shall not be deemed to waive any of the conditions to Tenant’s exercise of the option with respect to the Expansion Premises, unless otherwise specifically provided in such lease amendment.

  (E)	Rights Personal to Tenant. The rights created by this Section 18.1 shall be personal to the Original Tenant and any Permitted Transferee under this Lease and shall not apply in favor of or be exercisable by any assignee of this Lease (other than a Permitted Transferee), nor any sublessee of all or any portion of the Premises.

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  EXECUTED as a sealed instrument in two or more counterparts by persons or officers hereunto

   

  duly authorized on the Date set forth in Section 1.2 above.

   

  		
	WITNESS:
	LANDLORD:

	 
	 

	 
	 TENANT:

	WITNESS:
	CLARKS AMERICAS, INC., a Delaware
corporation

	 
	 

   

   

   

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  EXHIBIT A-1

   

  SITE PLAN OF THE COMPLEX

   

   

  EXHIBIT A-1 SITE PLAN OF COMPLEX

   

   

   

   

   

   

   

   

   

   

   

  Page 1

  Exhibit A-1

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  EXHIBIT A-2

   

  PLAN OF THE PROPERTY

   

  EXHIBIT A-2

   

   

   

   

   

   

   

   

  Page 1

  Exhibit A-2

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  EXHIBIT B

WORK AGREEMENT

  All capitalized terms used herein and not otherwise defined shall have the meaning ascribed to said terms in the Lease to which this Exhibit B is attached. This Work Agreement is expressly subject to the provisions of the Lease, and in the event of any conflict between this Work Agreement and the Lease, this Work Agreement shall control.

  1.0 	LANDLORD’S WORK

  A.	Subject to the provisions of this Exhibit B, Landlord, at Landlord’s sole cost and expense, shall obtain all permits and approvals necessary in connection with, and perform, the base building work (“Landlord’s Work”) as defined in the Base Building Specifications (“Base Building Specifications”) attached hereto as Schedule 1. Landlord agrees to reasonably consult with Tenant (but expressly excluding any right of Tenant to approve such finishes) to review the proposed finishes for the Landlord’s Work. Subject to delays due to Landlord’s Force Majeure (as hereinafter defined) or attributable to a Tenant Delay (as hereinafter defined), Landlord shall use reasonable speed and diligence in the construction of the Landlord’s Work, but Tenant shall have no claim against Landlord for failure so to complete construction of Landlord’s Work, except as expressly set forth in Section 1.1. In addition to the Base Building Specifications described on Schedule 1, the Landlord’s Work includes construction of an outdoor terrace at the Property. Landlord agrees to reasonably consult with Tenant with respect to elevator cab finishes provided any modifications or selections requested by Tenant will not delay the design, permitting or performance of the Landlord’s Work and Tenant shall be responsible to pay any increased costs to incorporate Tenant’s modifications or selections about the finish amount allocated by Landlord in its budget for Landlord’s Work.

  B.	Upon Tenant’s request from time to time, Landlord shall consult with Tenant and its representatives about the status of Landlord’s Work and the then estimated Initial Work Substantial Completion Date, the estimated Interim Conditions Completion Date and the estimated Substantial Completion Date. Upon receipt of a written request from Tenant received not more frequently than once per quarter, Landlord will provide Tenant with progress reports regarding the status of and any updates to the schedule for the Landlord’s Work. Landlord shall permit Tenant and its representatives, accompanied by representatives of Landlord and its general contractor, to review and inspect the progress of Landlord’s Work at reasonable times that will not interfere with the performance of Landlord’s Work. Tenant’s Representatives may attend Landlord’s regularly scheduled construction meetings for Landlord’s Work.

  C.	The “Tenant Access Date” shall be defined as the date that Landlord’s Work is sufficiently complete so as to enable Tenant to commence the performance of Tenant’s Work, such portion of Landlord’s Work being referred to herein as the “Initial Work.”

   

  Page 1

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  The parties hereby agree that if the elements (“Commencement Date Elements”) of Landlord’s Work identified on Schedule 2 attached to this Exhibit B are substantially complete, then Landlord’s Work shall be deemed to be “sufficiently complete so as to enable Tenant to commence the performance of Tenant’s Work” for purposes of determining the Tenant Access Date, Notwithstanding the foregoing, if the Landlord is actually delayed in completing the Initial Work by any Tenant Delays, as hereinafter defined, then the “Tenant Access Date” shall be the date that the Initial Work would have been completed but for such Tenant Delays.

  D.	The “Interim Conditions Completion Date” shall be defined as the date that the elements of Landlord’s Work identified on Schedule 3 attached to this Exhibit B (the “Interim Completion Elements”) are complete, provided, however, if Landlord is actually delayed in completing the Interim Completion Elements by any Tenant Delays, then the “Interim Conditions Completion Date” shall be the date that the Interim Completion Elements would have been completed but for such Tenant Delays.

  E.	The “Actual Substantial Completion Date” shall mean the date on which: (i) the Essential Base Building Work, as hereinafter defined, is substantially completed, as hereinafter defined, (ii) all governmental inspections for occupancy of the base building have been successfully completed and a temporary certificate of occupancy for the base building core and shell has been authorized for issuance by the applicable governmental authority such that Tenant may, subject to completion of Tenant’s Work and installation of Tenant’s furniture, fixtures and equipment, lawfully use and occupy the Premises, and (iii)	Landlord’s architect has issued a Certificate of Substantial Completion relating thereto (collectively, the “Substantial Completion Conditions”). Any dispute with respect to the occurrence of the Commencement Date, the Tenant Access Date, the Interim Conditions Completion Date, the Substantial Completion Date, the Rent Commencement Date, any Tenant Delay, any Landlord Delay, the performance of Landlord’s Work or the payment of Landlord’s Contribution under this Exhibit B shall be submitted to arbitration in accordance with Section 4.0 of this Exhibit B, and the decision of the arbitrators as to such dates and events shall be deemed conclusive and binding on both Landlord and Tenant. Nothing contained in this paragraph shall limit or qualify or prejudice any other covenants, agreements, terms, provisions and conditions contained in this Lease.

   

  F.	The “Substantial Completion Date” shall be the “Actual Substantial Completion Date,” unless Landlord’s Work is actually delayed by Tenant Delays, as hereinafter defined, in which event the “Substantial Completion Date” shall be the date that the Actual Substantial Completion Date would have occurred but for such Tenant Delays.

  G.	The terms “substantially complete,” “substantially completed” and “substantial completion” shall mean that the Substantial Completion Conditions have been met and all of the work in question has been completed, except for Punch List Items. “Punch List Items” shall be defined as minor, punch list-type items of work and adjustment of equipment and fixtures that can be completed after Tenant commences the

  Page 2

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  performance of Tenant’s Work or after its occupancy of the Premises without, in the aggregate, causing material interference with the performance of Tenant’s Work or, with respect to the Essential Base Building Work, Tenant’s use or occupancy of the Premises. Landlord shall complete, as soon as conditions practically permit, all Punch List Items. Landlord shall use diligent efforts to complete all Punch List Items within sixty (60) days after the Substantial Completion Date (except for long lead items and items which can only be performed during certain seasons or weather, which items shall be completed diligently as soon as the season and/or weather permits), and Tenant shall cooperate with Landlord in providing access during the performance as may be required to complete such work in a normal manner. Tenant agrees to cooperate with Landlord to obtain a final certificate of occupancy for the Landlord’s Work following the substantial completion of the Tenant’s Work and installation of Tenant’s furniture, fixtures and equipment in the Premises.	.

  H.	Subject to the terms and conditions of this Work Agreement, Tenant’s contractors and vendors shall have access to the Premises from and after the Tenant Access Date to perform Tenant’s Work. Landlord and Tenant acknowledge and agree that, after the Commencement Date, remaining components of the Landlord’s Work in the Premises and the Building and the Tenant’s Work in the Premises will be performed simultaneously and accordingly agree to work cooperatively in order to coordinate the performance of the Landlord’s Work and the Tenant’s Work so that neither party unreasonably interferes with or delays the efforts of the other to complete its respective portion of the work within the time periods set forth herein. Accordingly, Landlord and Tenant agree to cooperate with each other in good faith so that Tenant and Landlord will have ongoing access to and through the Premises in order to perform Tenant’s Work and Landlord’s Work in as expeditious and efficient a manner as possible, and so as to minimize any interference in the performance by the other party’s work, provided, however, such reasonable efforts shall not require Landlord to perform such Landlord’s Work after hours or on an overtime or premium pay basis. Landlord agrees that Tenant’s deliveries may be received, without priority given to Landlord’s deliveries, at any time of the day subject to coordinating the deliveries with Landlord. After Tenant opens for business in the Premises, Tenant shall cooperate with Landlord in providing such access to the Premises as may be required to perform any remaining Landlord’s Work which must be performed in the Premises, provided that the completion of all Punch List Items that would interfere with the operation of a first-class business office (whether due to noise, the creation of dirt or debris, or otherwise) in any portion of the Premises then occupied by Tenant will be performed after the Building’s normal business hours.

  I.	The “Essential Base Building Work” (and the substantial completion thereof) shall be defined as the following items of Landlord’s Work:

  (i)	the Initial Work and the Interim Completion Elements have been completed, including completed demolition by Landlord to allow for the installation of Tenant finishes, such as all core and shell walls and ceilings to be free of metal brackets, exposed rebar, miscellaneous metals and flaking paint at concrete ceilings, walls and columns. All concrete floors 

  Page 3

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  to be patched by the Landlord where large penetrations or large pitted concrete areas need to be smoothed. Tenant shall furnish and install skim coating to allow for a suitable condition for the installation of Tenant flooring;

  (ii)	the Landlord’s Work has been substantially completed in accordance with the Base Building Specifications attached hereto as Schedule 1. subject to Landlord’s completion of any Punch List Items;

  (iii)	a temporary certificate of occupancy for the Base Building core and shell has been authorized for issuance by the applicable governmental authority such that Tenant may, subject to completion of Tenant’s Work and installation of Tenant’s furniture, fixtures and equipment, lawfully use and occupy the Premises;

  (iv)	preliminary testing and balancing reports for the base building mechanical, electrical and plumbing and fire protection systems have been delivered to Tenant; and

  (v)	the final design and engineering affidavits and a substantial completion certificate from Landlord’s base building architect have been delivered to Tenant.

  Any phase of Landlord’s Work which is not completed on or before the applicable Milestone Date (as hereinafter defined) therefor shall be completed as soon as conditions practically permit. Each party shall take necessary reasonable measures to the end that each party’s contractors shall cooperate in all reasonable ways with the other party’s contractors to avoid any delay to the work being performed by each party’s contractors or conflict in any other way with the performance of each party’s work.

  J.	A “Tenant Delay” shall be defined as any delay in the commencement, progress or substantial completion of any elements of the Landlord’s Work beyond the applicable Milestone Date therefor set forth in Section 1.1(A) below of this Work Agreement and which cannot reasonably be mitigated by Landlord in good faith, using reasonable diligence, through re-coordination of Landlord’s work forces without incurring any additional costs or affecting the progress of the Landlord Work, and to the extent such delay results from any of the following: (i) the default of Tenant, or Tenant’s agents, employees or contractors under the Lease, including this Work Agreement, or (ii) the failure of Tenant or Tenant’s Architect to make any submission or to respond to any submission to Tenant from Landlord or to take any required action within the time periods for such submission, response or action as set forth in the Lease and/or this Work Agreement, including, without limitation, Tenant’s failure to deliver any submission set of the Tenant’s Plans meeting the requirements of Schedule 5 attached to this Exhibit B or otherwise perform any actions in accordance with the Tenant Plans and Other Action Dates set forth on Schedule 4 attached to this Exhibit B; or (iii) Tenant Change Orders made by Tenant in accordance with Section 1.2 below or Tenant Impacts to Base Building; or (iv) any delays resulting from Tenant or any of Tenant’s contractors not complying with the rules and 

  Page 4

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  regulations for the performance of Tenant’s Work in the Building of which Tenant is given notice; or (v) any other delays caused by the acts or, where there is a duty of Tenant to act under the Lease or this Work Agreement, omissions by Tenant, Tenant’s contractors, architects, engineers or anyone else engaged by, through or under Tenant in connection with the preparation of the Premises for Tenant’s occupancy, including, without limitation, utility companies and other entities furnishing communications, data processing or other service, equipment, or furniture. As set forth in Section 1.2. Landlord shall, to the extent possible, advise Tenant at the time of approval of such Change Order of the estimated length of such delay and Tenant shall have the right, promptly after Landlord advises Tenant thereof, to withdraw or modify the Change Order so as to avoid the delay. Tenant agrees that no Tenant Delay shall delay commencement of the Term or the obligation to pay Annual Fixed Rent or Additional Rent, regardless of the reason for such Tenant Delay or whether or not it is within the control of Tenant or any such employee. Tenant shall reimburse Landlord for the amount, if any and after taking into account any cost savings that results from the Tenant Change Order, by which the Landlord’s Work is increased as the result of any Tenant Delay within thirty (30) days of billing therefor, and shall be considered to be Additional Rent. Such reimbursement, together with the postponement of the applicable Milestone Dates pursuant to the terms of this Work Agreement, shall be Landlord’s sole remedy for any such Tenant Delay unless such Tenant Delay becomes an Event of Default in accordance with the terms of the Lease.

  With respect to any Tenant Delay claimed by Landlord, Landlord agrees to provide Tenant with written notice (a “Tenant Delay Notice”) advising Tenant that such Tenant Delay is occurring and setting forth Landlord’s good faith estimate as to the likely length of such Tenant Delay within a reasonable period of time after Landlord becomes aware of such Tenant Delay, provided, however, that Landlord will not have any obligation to deliver any Tenant Delay Notice to Tenant with respect to (1) any Tenant Delay which is based upon Tenant’s failure to act within a time certain which is expressly set forth in this Work Agreement, or (2) any other Tenant Delay that Landlord has previously disclosed to Tenant or Tenant is otherwise aware of, such as, by way of example only, the Tenant Delay that Landlord disclosed to Tenant in connection with Landlord’s review and approval of a Tenant Change Order or Tenant Impacts to Base Building. Any submission by Tenant of Tenant Impacts to Base Building shall contain reasonably detailed information as Landlord reasonably requires or the submission may be rejected by Landlord. Notwithstanding the foregoing, and except for Tenant Delays attributable to events in clauses (1) or (2) above, if Tenant cures the act, omission or default set forth in a Tenant Delay Notice within one (1) business day after such Tenant Delay Notice is given by Landlord to Tenant, then the same shall not constitute a Tenant Delay, provided, however, if Landlord has delivered to Tenant five (5) Tenant Delay Notices, whether or not such Tenant Delays have been cured by Tenant, there shall be no further one (1) business day cure right applicable to any Tenant Delays occurring after such fifth (5th) Tenant Delay Notice. Notwithstanding anything herein or in this Lease to the contrary, Landlord may satisfy the Tenant Delay Notice requirement by email notification to tammy.diorio@clarks.com and elizabeth.spath@dtz.com. Except where delivery of a Tenant Delay Notice is expressly not required under this subsection (L), Tenant shall not be charged with any period of Tenant Delay prior to the date that Tenant receives written notice from Landlord of the alleged Tenant Delay.

  Page 5

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  K.	 .A “Landlord Delay” shall be defined as any delay in the commencement, progress or substantial completion of Tenant’s Work beyond the Estimated Rent Commencement Date and which cannot reasonably be mitigated by Tenant in good faith, using reasonable diligence, through re-coordination of Tenant’s work forces without incurring any additional costs or affecting the progress of the Tenant’s Work, and to the extent such delay results from any of the following: (i) any default by Landlord in its obligations under the Lease, including this Work Agreement, or (ii) the prosecution by Landlord of any Landlord’s Work remaining in the Premises after the Commencement Date in a manner that interferes with or delays Tenant’s Work in the Premises and is not in compliance with the construction schedule for the completion of Landlord’s Work in the Premises and the Building, or (iii) Tenant’s inability to obtain a building permit for Tenant’s Work or a certificate of occupancy for the Premises by reason of the non-compliance of portions of the Building with applicable Legal Requirements except to the extent such non-compliance is due to Tenant’s acts or omissions or the Tenant’s Work, or (iv) any Landlord’s Work Change (as hereinafter defined) by Landlord, or (v) any other delays based upon acts or, where there is a duty of Landlord to act under the Lease or this Work Agreement, omissions by Landlord, Landlord’s contractors, architects, engineers or anyone else engaged by, through or under Landlord in connection with the performance of the Landlord’s Work.

  With respect to any Landlord Delay claimed by Tenant, Tenant agrees to provide Landlord with written notice (a “Landlord Delay Notice”) advising Landlord that such Landlord Delay is occurring and setting forth Tenant’s good faith estimate as to the likely length of such Landlord Delay within a reasonable period of time after Tenant becomes aware of such Landlord Delay, provided, however, that Tenant will not have any obligation to deliver any Landlord Delay Notice to Landlord with respect to any Landlord Delay which is based upon Landlord’s failure to act within a time certain which is expressly set forth in this Work Agreement. Notwithstanding the foregoing, if Landlord cures the act, omission or default set forth in a Landlord Delay Notice within one (1) business day after such Landlord Delay Notice is given by Tenant to Landlord, then the same shall not constitute a Landlord Delay, provided, however, if Tenant has delivered to Landlord five (5) Landlord Delay Notices, whether or not such Landlord Delays have been cured by Landlord, there shall be no further one (1) business day cure right applicable to any Landlord Delays occurring after such fifth (5th) Landlord Delay Notice. Notwithstanding anything herein or in this Lease to the contrary, Tenant may satisfy the Landlord Delay Notice requirement by email notification to blaverv@bostonproperties.com and irandall@bostonproperties.com. Except where delivery of a Landlord Delay Notice is expressly not required under this subsection (M), Landlord shall not be charged with any period of Landlord Delay prior to the date that Landlord receives written notice from Tenant of the alleged Landlord Delay.

  Tenant’s sole remedies with respect to Landlord’s failure to Substantially Complete the Landlord’s Work in accordance with the Milestone Dates or by the applicable outside dates set forth in Section 1.1(A)(3) below shall be governed by Section 1.1(A)(2) and Section 1.1(A)(3) below of this Work Agreement and shall not also constitute a Landlord Delay.

  L.	The Landlord’s Work shall be designed and constructed with a goal of achieving a Leadership in Energy & Environmental Design, as adopted by the U.S. Green Building Council (“LEED”) rating Certified Core & Shell status. Landlord shall use diligent efforts to obtain

  Page 6

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  LEED Silver Certified Core & Shell certification; provided that so long as Landlord timely files an application for certification in compliance with the terms of the LEED program together with all required supporting materials and documentation and pays all fees required in connection therewith, the failure of the U.S. Green Building Council (or its successor entity) to issue such a certification shall not be a default of Landlord hereunder and Landlord shall not have any obligation to incur any further costs or to pursue any further action against the USGBC in order to obtain such certification. Tenant shall reasonably cooperate with Landlord in Landlord’s efforts to obtain a LEED certification for the Landlord’s Work and will endeavor to reduce its lighting load to 0.6 watts per square foot of the Premises.

  1.1	TENANT’S RIGHTS BASED ON DELAYS IN LANDLORD’S WORK.

  (A)	Tenant’s Remedies for Late Completion

  1.	Current Construction Schedule; Exclusive Remedies. The Initial Work will be completed on or before March 1, 2016, as such date may be extended by the number of days that Landlord is delayed in the performance of the Initial Work by Landlord’s Force Majeure and/or any Tenant Delays (the “Initial Work Completion Date”). The Interim Completion Elements will be completed on or before June 1, 2016 as such date may be extended by the number of days that Landlord is delayed in the performance of the Interim Completion Elements by Landlord’s Force Majeure and/or any Tenant Delays (the “Interim Conditions Completion Date”). The Essential Base Building Work will be substantially completed on or before August 1, 2016, as such date may be extended by the number of days that Landlord is delayed in the performance of the Essential Base Building Work by Landlord’s Force Majeure and/or any Tenant Delays. The Initial Work Completion Date, the Interim Conditions Completion Date and the Substantial Completion Date may be referred to herein as the “Milestone Dates” and are more particularly set forth on Schedule 6 attached hereto. Landlord shall provide Tenant with notice within a reasonable period after Landlord has knowledge that Landlord will not satisfy one or more of the Milestone Dates. Landlord shall use reasonable speed and diligence to achieve such the foregoing Milestone Dates; provided, however, except as expressly provided in this Exhibit B, the failure of Landlord to satisfy the Milestone Dates shall in no way affect the validity of this Lease or the obligations of Tenant hereunder and the sole and exclusive cure rights and remedies available to Tenant for any delay by Landlord in the Substantial Completion of the Landlord’s Work or any of the Milestone Dates shall be the rights and remedies set forth in Section l.1(A)(2) and Section 1.1(A)(3) below (collectively, the “Remedies”). Any notice or cure period set forth in the Lease (other than in this Section 1.1) that may be generally applicable to Landlord’s and Tenant’s respective obligations under this Lease shall not apply to the obligations and time periods set forth in this Section 1.1. Time is of the essence with respect to all dates and time periods set forth in this Section 1.1.

  2.	Tenant’s Remedies. If Landlord fails to satisfy one or more of the Milestone Dates (as so extended by the number of days that Landlord is delayed in the performance of the applicable portion of Landlord’s Work by Landlord’s Force Majeure and/or any Tenant Delays), the Rent Commencement Date will be postponed until the specified period, if any, set forth in Section 1.2 of the Lease following the actual satisfaction of the applicable Milestone Date, provided, however, the postponement of the Rent Commencement Date for failure of Landlord 

  Page 7

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  to satisfy any of the Milestone Dates shall not be cumulative in nature (i.e. if Landlord misses a Milestone Date by two (2) weeks and then misses another Milestone Date by the same two (2) weeks, the postponement of the Rent Commencement Date will only be for an aggregate of two (2) weeks and not by two (2) weeks for each Milestone Date that has been missed). If Landlord’s failure to satisfy any of the Milestone Dates results in the Rent Commencement Date occurring after September 30, 2016 (as such date may be extended by the number of days that Landlord is delayed in the performance of the Landlord’s Work on account of any Landlord’s Force Majeure and/or Tenant Delays) (the “First Outside Date”), then the Rent Commencement Date for the Premises shall be amended to be the earlier date to occur of (i) the date on which Tenant opens for business in the ordinary course at the Premises, and (ii) the later date to occur of (A) seven (7) months following the Tenant Access Date, (B) four (4) months following the Interim Conditions Completion Date, and (C) the Substantial Completion Date. If Landlord fails to satisfy any of the Milestone Dates by more than twelve (12) months following the applicable Milestone Date for such Milestone (as such Milestone Date shall be extended as set forth in Section 1.1(A)(1) above on account of any Landlord’s Force Majeure and/or Tenant Delays) (the “Final Outside Date”), Tenant shall have the right to terminate this Lease by written notice to Landlord delivered no later than thirty (30) days following the Final Outside Date (as so extended), time being of the essence (the “Termination Notice Date”), indicating Tenant’s desire to so terminate and with such termination effective as of the thirtieth (30th) day after receipt by Landlord of Tenant’s termination notice; and upon the giving of such notice, the Term of the Lease shall cease and come to an end without further liability or obligation on the part of either party as of the expiration of the aforesaid thirty (30) day period, unless the Substantial Completion Date shall in fact have occurred on or before such termination date.

  3.	Holdover Damages. Tenant’s affiliate, C&J Clark America, Inc. (“C&J Clark’s”), is currently leasing approximately 121,598 rentable square feet plus two (2) storage spaces in the building located at 156 Oak Street, Newton, Massachusetts (the “Tenant’s Existing Premises”) pursuant to that certain Lease dated January 1, 2004 between C&J Clark’s, as tenant, and Northland Oak Street LLC, as landlord, together with that certain License Agreement dated May 1, 2012 and that certain letter agreement dated March 20, 2006 (the “Newton Lease”). If the Rent Commencement Date under this Lease has not occurred by December 31, 2016 (the “Holdover Premium Date”) as the result of Landlord’s failure to timely satisfy any of the Milestone Dates, which Holdover Premium Date shall be extended for a period equal to the aggregate of delays caused by an event or occurrence of Landlord’s Force Majeure and/or Tenant Delay, and if as a direct result thereof, Tenant is unable to vacate the Newton Premises in its entirety and relocate its business operations therein to the Premises by not later than the Holdover Premium Date, and subject to Tenant’s obligations to cooperate with Landlord in a good faith effort to mitigate such delay as set hereinafter set forth, Landlord shall reimburse Tenant for any Fixed Rent Premium (as hereinafter defined) actually paid by Tenant to the landlord under the Newton Lease. For the purpose of this Section 1.1(A)(3), “Fixed Rent Premium” shall mean the increase in the fixed rent (excluding additional rent, utilities and other occupancy related charges) incurred by Tenant under the Newton Lease during any Holdover Period (as hereinafter defined) from the fixed rent that was payable by Tenant under its Newton Lease immediately prior to Tenant’s holding over in Tenant’s Existing Premises, provided, however, and notwithstanding anything in the Newton Lease to the contrary, in no event shall Landlord have any obligation to pay any Fixed Rent Premium in excess of $351,532.00 per 

  Page 8

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  month in the aggregate. The Fixed Rent Premium shall be calculated on a monthly basis unless the Newton Lease provides for calculation of the Fixed Rent Premium on a daily, per diem basis, in which case the Fixed Rent Premium shall be calculated on a daily, per diem basis for each day of the Holdover Period. Notwithstanding anything in this Section 1.3(A)(3) to the contrary, Tenant agrees, upon receipt of request from Landlord, to exercise reasonable efforts to expedite its moving schedule to mitigate any Fixed Rent Premium and Landlord shall reimburse Tenant for its reasonable, out-of-pocket expenses to so expedite its move. For purposes hereof, the term “Holdover Period” shall mean a period of time equal to the number of days elapsing from January 1, 2017 and ending on the earlier of (x) if the Fixed Rent Premium is calculated on a monthly basis under the Newton Lease, the last day of the month in which the Rent Commencement Date falls, or (y) if the Fixed Rent Premium is calculated on a daily per diem basis under the Newton Lease, the Rent Commencement Date of this Lease, or (z) thirty (30) days following the Termination Notice Date. Tenant represents and warrants to Landlord that the monthly Fixed Rent Premium payable under the Newton Lease per month and the expiration date of the Newton Lease are as set forth on Exhibit O attached hereto. In no event shall Tenant, after the date of this Lease, enter into any amendment or modification of the Newton Lease that would in any way increase the Fixed Rent Premium in the event of a holdover and, in the event of any such amendment made without Landlord’s consent, Landlord shall have no obligation or liability to Tenant for any such Fixed Rent Premium or other expenses. In no event shall Landlord be liable or responsible for any Fixed Rent Premium or other expenses incurred by Tenant on account of any holdover under the Newton Lease if such holdover is not the result of Landlord’s breach or failure as set forth above in this Section 3.

  If the Substantial Completion Date has not occurred by the Final Outside Date and Tenant fails to exercise its right to terminate this Lease by the Termination Notice Date, then, notwithstanding anything to the contrary set forth herein, Landlord’s obligation to pay the Fixed Rent Premium under this Section 3 shall cease to accrue on the earlier date to occur of the Rent Commencement Date and the date that is thirty (30) days following the Termination Notice Date.

  4. Landlord’s Force Maieure. If Landlord’s Work is delayed by reason of Landlord’s Force Majeure, then each Milestone Date shall be delayed by reason of such Force Majeure event. When used in this Exhibit B, “Landlord’s Force Majeure” shall mean any prevention, delay or stoppage due to governmental regulation, strikes, lockouts or other labor difficulties affecting the industry in general and not particular to labor disputes involving Landlord or its affiliates, acts of God, acts of war, terrorist acts, civil commotions, unusual scarcity of or inability to obtain labor or materials (to the extent that such scarcity or inability is the result of conditions prevalent in the market in general and not particular to Landlord, and otherwise unforeseen, as of the date of this Lease), casualty or other causes reasonably beyond Landlord’s control; provided, however, that in no event shall the financial inability of Landlord or Landlord’s contractors constitute a cause beyond Landlord’s reasonable control. In order to invoke the Landlord’s Force Majeure provision of this 
Exhibit B. Landlord must advise Tenant in writing of the alleged Landlord’s Force Majeure within five (5) business days after Landlord becomes aware thereof. Landlord shall use commercially reasonable efforts to mitigate the impact of Landlord’s Force Majeure on the performance of Landlord’s Work, to the extent it is within Landlord’s reasonable ability to do so given the nature of the event giving rise to the

  Page 9

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  Landlord’s Force Majeure. In no event shall any Landlord’s Force Majeure under this Exhibit B exceed ninety (90) days in the aggregate.

  The provisions of this Section 1.1 shall survive the termination of the Lease.

  1.2	CHANGES TO BASE BUILDING PLANS

  (A)   Landlord’s Right to Make Changes to Base Building Specifications. Landlord shall have the right to modify the Base Building Specifications, from time to time, so long as the modification does not affect, in any material respect: (i) Tenant’s use or enjoyment of, or access to, the Premises, or (ii) Tenant’s Work, but only to the extent Tenant has already submitted Tenant’s Plans for Tenant’s Work to Landlord. If Landlord desires to make a Base Building Specification change which is not permitted under the immediately preceding sentence (a ‘'Landlord’s Work Change”), Landlord shall promptly so notify Tenant. Tenant shall notify Landlord whether Tenant approves the Landlord’s Work Change or, if not, the revisions required to be made by Landlord and shall also notify Landlord of the additional costs, if any, which Tenant reasonably estimates it will incur in the performance of Tenant’s Work as a result of the Landlord’s Work Change (“Tenant’s Change Estimate Notice”). Tenant shall respond to Landlord’s Work Change in accordance with the following timetable:

   

  (x)	within fifteen (15) business days after Landlord’s notice of the Landlord’s Work Change if such request is an initial request, or

  (y)	within ten (10) business days after Landlord’s notice of the Landlord’s Work Change if such request is being submitted to Tenant following Tenant’s initial comments on such design modifications.

  Tenant shall not unreasonably withhold any such requested approval so long as Landlord’s Work is consistent with standards for a first-class office building in the Market Area, and Landlord pays for all additional costs reasonably estimated by Tenant in its Tenant’s Change Estimate Notice as such costs are incurred (provided Tenant gives Landlord a trade-by-trade breakdown of labor and materials in connection with each request for payment). If Tenant does not respond to Landlord’s Work Change as set forth above, Landlord’s Work Change shall be deemed approved by Tenant without any additional costs to be reimbursed to Tenant by Landlord. If Landlord does not agree with Tenant’s cost estimate as set forth in Tenant’s Change Estimate Notice, then Landlord may, by notice to Tenant, elect to have the particular aspects of Tenant’s Work performed on a time and materials basis in accordance with Tenant’s construction contract. In such event, Landlord shall pay all amounts due to Tenant’s contractor for such work as and when due under Tenant’s construction contract. Tenant shall provide Landlord all reasonable cost accounting information regarding such work provided to Tenant by Tenant’s contractor.

  (B)	Tenant’s Right to Make Changes to Base Building Specifications.

  If Tenant’s design of Tenant’s Work includes any features, attributes, materials or specifications that will require changes or additions to the Landlord’s Work or the Base Building Specifications, Tenant may request changes (“Tenant Change Orders”) in the Base Building

   

  Page 10

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  Specifications to accommodate Tenant’s interior space design, subject to the following. In the event that Tenant proposes any Tenant Change Orders or Tenant’s Plans (as hereinafter defined) contain any Tenant Change Orders pursuant to the foregoing, Landlord shall, within ten (10) business days of such request, provide Tenant with a statement of the reasonable out of pocket additional costs to be incurred by Landlord (after taking into account any cost savings that results from the Tenant Change Order) to implement the change in Landlord’s Work as a result of such change and the amount of delay, if any, that Landlord estimates will result in the completion of Landlord’s Work as a result of such change (“Landlord’s Change Estimate Notice”). Landlord agrees that any Tenant Change Orders submitted to Landlord not later than the Tenant Impacts to Base Building Date set forth on the Tenant Plans and Other Action Dates attached hereto as Schedule 4 to this Exhibit B will not constitute a Tenant Delay but may result in increased costs to perform the Landlord’s Work which Tenant will be responsible to pay in accordance with the terms of this Work Agreement. Landlord shall have the right to withhold approval of any such Tenant Change Orders unless Tenant agrees to pay the reasonable costs incurred to redesign the plans for Landlord’s Work and to perform any of the changes or additions to the Landlord’s Work and Landlord and Tenant agree upon the Tenant Delay that will result from the re-design and implementation of such Tenant Change Orders. Tenant shall be charged a construction management fee payable to Landlord equal to three and 1/2 (3.5%) percent of the cost of such Tenant Change Order. Landlord shall not unreasonably withhold its consent to any Tenant Change Order requested by Tenant, so long as: (i) Tenant pays, via a deduction from the Landlord’s Contribution as set forth hereinbelow, all additional costs specified by Landlord in Landlord’s Change Estimate Notice as such costs are incurred (provided that Landlord gives Tenant a trade-by-trade breakdown of labor and materials in connection with each request for payment), (ii) the change is consistent with the governmental agreements and approvals for the Building, (iii) the change is consistent with design standards for a first-class office buildings in the Market Area and does not have a material adverse effect on the value of the Building or the Land, and (iv) Tenant notifies Landlord within ten (10) business days after receiving Landlord’s Change Estimate Notice that Tenant authorizes Landlord to make such change and Tenant agrees that any delay in the performance of Landlord’s Work arising from such change is a Tenant Delay. Landlord shall promptly provide Tenant all reasonable cost accounting information regarding such work as may be reasonably requested in writing by Tenant. Landlord shall have no obligation to make any changes to the Base Building Specifications except in accordance with this Section 1.2(B). Notwithstanding anything in the Lease or this Work Agreement to the contrary, the costs of any Tenant Change Orders (after taking into account any cost savings that results from the Tenant Change Order) shall be deducted by Landlord from the Landlord’s Contribution following delivery to Tenant of a certification from Landlord’s architect that the applicable work has been substantially completed, together with backup documentation reasonably satisfactory to Tenant substantiating such costs, and, if the Landlord’s Contribution is not sufficient to pay in full the total costs of the applicable Tenant Change Order, Tenant shall pay any deficiency to Landlord, as Additional Rent, within fifteen (15) days following the Actual Substantial Completion Date regardless of the occurrence of any delays caused by Tenant.

  1.3	INTENTIONALLY OMITTED.

  1.4	LANDLORD’S WARRANTY

   

  Page 11

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  (A)	Warranty. Landlord hereby warrants and represents to Tenant that (collectively “Landlord’s Warranty”):

  (1)	Landlord’s Work shall be performed: (i) in a good and workmanlike manner, (ii) in compliance with all applicable Legal Requirements and all Insurance Requirements (as defined in Section 9.1 hereof), and (iii) in substantial conformance with the Base Building Specifications; and

  (2)	Subject to the terms of Section 1.4(B) below, Landlord’s Work will be free from defects (latent or otherwise) in the design, workmanship or materials.

  (B)	Tenant’s Remedies in the Event of Breach of Landlord’s Warranty. If, on or before the Warranty Expiration Date, Tenant gives Landlord written notice of any breach of Landlord’s Warranty promptly after Tenant becomes aware of such breach, Landlord shall, at no cost to Tenant, correct or repair such breach as soon as conditions reasonably permit and as to which, in either case, Tenant shall have given notice to Landlord, as aforesaid. Except in the event of an emergency or notice of an unsafe condition, any such correction or repair to be performed in the Premises and that would materially interfere with the operation of a first-class business office (whether due to unreasonable noise, the creation of dirt or debris, or otherwise) in any portion of the Premises then occupied by Tenant will be performed outside of Normal Building Operating Hours. Landlord’s warranty obligations hereunder shall not apply to the extent of damage or defect caused by (v) abuse by Tenant or any Tenant Parties, (w) alterations or repairs not executed by Landlord or Landlord’s contractors or Tenant’s performance of Tenant’s Work, (x) the negligent acts or omissions or the willful misconduct of Tenant, its employees, agents, contractors, sublessees or permitted occupants, (y) improper or insufficient operation or maintenance by Tenant or any Tenant Parties, or (z) normal wear and tear and normal usage. The “Warranty Expiration Date” shall be defined as the date that is fifteen (15) days prior to the first (1st) anniversary of the Actual Substantial Completion Date, provided, however, that if and only to the extent that Landlord or Landlord’s general contractor has obtained, at no additional cost to Landlord (unless paid for by Tenant), the benefit of any extended warranty for any portion of Landlord’s Work (an “Extended Warranty”), the Warranty Expiration Date shall be extended to the date that is one (1) month prior to the actual expiration date of the Extended Warranty. Except to the extent to which Tenant shall have given Landlord notice of respects in which Landlord has breached Landlord’s Warranty or Landlord has otherwise failed to perform Landlord’s construction obligations under this Exhibit B, Tenant shall be deemed conclusively to have: (i) approved Landlord’s construction, (ii) waived any claim that Landlord has breached Landlord’s Warranty, and (iii) have agreed that Tenant has no claim that Landlord has failed to perform any of Landlord’s obligations under this Work Agreement. The provisions of this Section 1.4(B) shall be Tenant’s sole remedies for any breach of the Landlord’s Warranty; however nothing in this Section 1.4(B) shall be deemed to relieve Landlord of its express responsibilities to perform its obligations under the Lease, including, without limitation, Landlord’s obligations under Sections 7.1 and 7.2 of the Lease or affect or limit the provisions of Section 7.3 of the Lease.

  Page 12

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  2.0 	TENANT'S WORK 

  (A) 	From and after the Actual Initial Work Substantial Completion Date, Tenant, at its sole cost and expense (except for Landlord's Contribution, as hereinafter set forth), shall perform all work ("Tenant's Work") necessary to prepare the Premises for Tenant's occupancy in accordance with plans and specifications prepared by an architect, licensed by the Commonwealth of Massachusetts and approved by Landlord (which approval shall not be unreasonably withheld, conditioned, or delayed) (the "Tenant's Architect"), such plans and specifications to be subject to the reasonable approval of the Landlord. Landlord hereby approves Stantec Architecture and Engineering P.C. and/or ADD, Inc. as Tenant's Architect. Tenant's Work shall be performed in accordance with the provisions of the Lease (including, without limitation, Article IX and this Exhibit B). 

  (B) 	Tenant's Architect and Contractor. Tenant shall engage Tenant's Architect to prepare the plans and specifications ("Tenant's Plans") for Tenant's Work. The contractor(s) and subcontractors engaged by Tenant to perform Tenant's Work shall be licensed by the Commonwealth of Massachusetts and shall be approved by Landlord (which approval shall not be unreasonably withheld, conditioned, or delayed), provided, however, Tenant shall use Landlord's designated contractor for Tenant's tie-in to the Building Management System in the Building. As of the date of this Lease, Landlord approves J. Calnan & Associates, John Moriarty & Associates, Commodore Builders, Timberline Construction and Lee Kennedy Co. Inc. as proposed general contractors for the performance of the Tenant's Work. 

   

  (C) 	Planning Process. Tenant shall, not later than the outside dates set forth in Schedule 4 to this Exhibit B. subject to delays due to Landlord Delay, submit to Landlord for Landlord's approval an initial set of plans ("Initial Plans"), progress plans from time to time ("Interim Plans") and a full set of construction drawings (as the same may thereafter be modified by any Change Orders approved by Landlord and Tenant, the "Final Plans") for Tenant's Work (collectively, the "Plans"). The Final Plans shall contain at least the information required by, and shall conform to the requirements of, Schedule 5 and shall be coordinated with the design of Landlord's Work to the Premises. Landlord shall not unreasonably withhold or delay its approval of the Initial Plans, the Interim Plans, or the Final Plans, however, Landlord's determination of matters relating to aesthetic issues relating to alterations or changes which are visible outside the Premises shall be in Landlord's sole discretion. Landlord agrees to respond to any Initial Plans, Interim Plans or Final Plans within fifteen (15) business days of receipt thereof. Landlord shall respond with reasonable promptness to Tenant's reasonable requests for advice in connection with the preparation of the Plans within a reasonable time after their submission. Landlord shall reasonably cooperate with Tenant's diligent preparation of and delivery to Landlord of ftilly coordinated documents required under Schedule 5 to this Exhibit B and shall use reasonable efforts to cause Landlord's engineers to respond and cooperate with Tenant with reasonable promptness in the preparation of and delivery to Landlord of the Plans, in accordance with the time periods provided for in the Tenant Plans and Other Action Dates attached hereto as Schedule 4. If Landlord disapproves of any Plans, such disapproval shall state in reasonable detail Landlord's objections and conditions, and Tenant shall have the Plans revised by its architect to incorporate all reasonable objections and conditions presented by Landlord and shall resubmit such Plans to Landlord. Landlord shall respond to such revised Plans within five (5) 

   

   

  Page 13

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

   

  business days (or ten (10) business days in the case of a major redesign) of receipt thereof. Such process shall be followed until the Final Plans shall have been approved by the Landlord without objection or condition. Tenant shall use reasonable speed and diligence to complete the Plans within the time frames set forth in the Tenant Plans and Other Action Dates attached hereto as Schedule 4. Landlord’s review and approval of any such plans and specifications and consent to perform work described therein shall not be deemed an agreement by Landlord that such plans, specifications and work conform with applicable Legal Requirements and/or Insurance Requirements nor deemed a waiver of Tenant’s obligations under this Lease with respect to applicable Legal Requirements and Insurance Requirements nor impose any liability or obligation upon Landlord with respect to the completeness, design sufficiency or compliance of such plans, specifications and work with applicable Legal Requirements and Insurance Requirements nor give right to any other parties. Further, Tenant acknowledges that Tenant is acting for its own benefit and account, and that Tenant shall not be acting as Landlord’s agent in performing any work in the Premises, accordingly, to the fullest extent permitted under applicable Legal Requirements, no contractor, subcontractor or supplier shall have a right to lien Landlord’s interest in the Property in connection with any such work. No deviation from the Tenant’s Plans shall be made by Tenant except by written change order approved by Landlord in accordance with the standards set forth in this Section 2.0(C) for Landlord’s approval of Tenant’s Plans.

  (D)	Performance of Tenant’s Work. Once Tenant’s Plans have been approved by Landlord, Tenant, at its sole cost and expense (subject to Landlord’s Contribution), shall promptly, and with all due diligence, perform Tenant’s Work as set forth on Tenant’s Plans, and, in connection therewith, the Tenant shall obtain all necessary governmental permits and approvals for Tenant’s Work. All of Tenant’s Work shall be performed in accordance with the Plans and in accordance with applicable Legal Requirements and Insurance Requirements and in such manner as to maintain harmonious labor relations. Tenant shall have Tenant’s Work performed by contractors reasonably approved by Landlord, which contractors shall provide to Landlord such insurance as required by Section 13.14 of the Lease. In the event that Tenant’s use of any contractors for the performance of Tenant’s Work results in any Labor Disharmony that interrupts or disrupts the progress or timely complete of the Landlord’s Work, it shall constitute a Tenant Delay. Landlord shall have the right to provide such reasonable rules and regulations relative to the performance of Tenant’s Work and any other work which the Tenant may perform under the Lease and Tenant shall abide by all such reasonable rules and regulations and shall cause all of its contractors to so abide including, without limitation, payment for the costs of using Building services (including, without limitation, those referenced in Paragraphs (F) and (G) of this Section 2.0). Notwithstanding the foregoing, Tenant will not be required to perform the Tenant’s Work on an after-hours basis pursuant to any construction rules and regulations adopted by Landlord for the Building unless performing such work during Normal Building Operating Hours would interfere with or delay the performance of Landlord’s Work.

  (E)	Quality of Tenant’s Work. All construction work required or permitted by this Lease shall be done in a good and workmanlike manner and in compliance with all applicable Legal Requirements and all Insurance Requirements (as defined in Section 9.1 of the Lease). Tenant shall not be required to use any particular building standard architectural materials or items; however, the Tenant’s Work shall be consistent with tenant improvements typically

  Page 14

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  installed in comparable first-class office buildings in the Market Area. Each party authorizes the other to rely in connection with design and construction upon the written approval or other written authorizations on the party’s behalf by any Construction Representative of the party named in Section 1.2 of the Lease or any person hereafter designated in substitution or addition by notice to the party relying. Each party may inspect the work of the other at reasonable times and shall promptly give notice of observed defects. Tenant acknowledges that Tenant is acting for its own benefit and account and that Tenant will not be acting as Landlord’s agent in performing any Tenant’s Work, accordingly, to the extent permitted by law, no contractor, subcontractor or supplier shall have a right to lien Landlord’s interest in the Building, the Land, or the Complex in connection with any work. Tenant shall also prepare and submit to Landlord promptly after Tenant’s Work is substantially complete a set of operations and maintenance manuals and as-built plans in both print and electronic (pdf and Autocad) forms showing the work performed by Tenant to the Premises. Within thirty (30) days after receipt of an invoice from Landlord, Tenant shall pay to Landlord, as Additional Rent, an amount equal to all third party expenses incurred by Landlord to review Tenant’s Plans and Tenant’s Work. Except for such third party expenses and except as provided in subsection (G) below, Landlord will not charge Tenant any construction management or supervisory fee in connection with the Tenant’s Work, unless Landlord and Tenant otherwise agree in writing that Landlord will manage the performance of Tenant’s Work on Tenant’s behalf.

  (F)	Utilities. Tenant shall not be required to pay for the cost of any utilities used in the Premises in performing the Tenant’s Work. Tenant’s obligation to pay electricity and other utility charges pursuant to the Lease shall commence on the Rent Commencement Date and Landlord shall be responsible for the cost of all utilities supplied to the Premises prior to such Rent Commencement Date.

  (G)	Hoisting/Freight Elevators; Construction Debris. Landlord will not charge Tenant for use of freight and/or passenger elevators and the loading dock during the performance of Tenant’s Work and Tenant’s move into the Premises except that Tenant shall be responsible to pay for after-hours supervisory charges for Landlord’s property manager or supervisor to the extent Tenant is performing Tenant’s Work or move in to the Premises outside of Normal Business Hours and for any actual third party costs incurred in connection with any construction related building services during the performance of Tenant’s Work, including shut-down charges, tap in charges, sprinklers drain down fees, fire alarm testing and similar tests and inspections. Tenant shall be responsible for the removal and disposal of Tenant’s Work construction debris in accordance with Landlord’s rules and regulations for the performance of tenant work in the Building.

  (H)	Tenant Deliveries prior to Occupancy. Except as otherwise expressly provided in this Section 2.0(H), prior to occupying the Premises, or any portion thereof for the operation of Tenant’s business, it shall be Tenant’s obligation to obtain and deliver to Landlord the following (“Occupancy Conditions”):

  (1)	a certificate of occupancy or other like governmental approval or sign offs authorizing the use and occupancy of the Premises to the extent required by law;

  Page 15

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  (2)	waivers of lien from all of Tenant’s contractors and subcontractors in form adequate for recording purposes in the forms attached as Exhibit G to the Lease;

  (3)	a set of as-built plans in both print and electronic (pdf and Autocad) forms showing the work performed by Tenant to the Premises which shall be delivered to Landlord within thirty (30) days following Tenant’s occupancy of the Premises; and

  (4)	an executed Declaration Affixing the Commencement Date of Lease in the form annexed to the Lease as Exhibit E.

  3.0	LANDLORD’S CONTRIBUTION

  (A)	Definitions.

  (1)	“Hard Costs” shall be defined as the hard costs incurred by Tenant in performing the leasehold improvements included in Tenant’s Work, including data/telecom cabling and Tenant’s Signage, as well as such amounts as Tenant may be required to pay to Landlord in connection with Tenant Change Orders with respect to Landlord’s Work. Subject to Paragraph (A)(3) below, Hard Costs shall include, without limitation, Tenant’s general contractor fees and other contractor fees payable by Tenant and permit fees.

  (2)	Subject to Paragraph (A)(3) below, “Soft Costs” shall be defined as (i) the costs incurred by Tenant in connection with the preparation of Tenant’s Plans, inclusive of architectural, engineering and other design and construction-related fees and project management fees payable to Tenant’s construction manager, and (ii) the cost of any of Tenant’s personal property, trade fixtures or trade equipment (other than cabling and wiring), to be installed in the Premises.

  (3)	“Total Costs” shall be defined as the sum of all Hard Costs and Soft Costs. Notwithstanding anything to the contrary herein contained, in no event shall Total Costs include amounts payable on account of any supervisory fees, overhead, management fees or other payments to Tenant or to any partner or affiliate of Tenant (as opposed to independent third party service providers).

  (4)	“Budget” shall be defined as a good faith budget prepared by Tenant estimating the Soft Costs, Hard Costs, and Total Costs which will be incurred by Tenant.

  (5)	“Landlord’s Share” shall be defined as fraction, the numerator of which is the Maximum Amount of Landlord’s Contribution (less the amount of the Soft Costs Cap, as hereinafter defined, until such time as Tenant’s Soft Costs have been paid in full) and the denominator of which is the amount of total Hard Costs, as estimated in the then current Budget; provided however, that at no time shall Landlord’s Share exceed 100%.

  (6)	“Tenant’s Share” shall be defined as a fraction, the numerator of which is the amount by which the Budget for Hard Costs exceeds the Maximum Amount of Landlord’s

  Page 16

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  Contribution for Hard Costs (less the amount of the Soft Costs Cap, as hereinafter defined, until such time as Tenant’s Soft Costs have been paid in full) and the denominator of which is the amount of total Hard Costs, as estimated in the then current Budget.

  (7)	“Maximum Amount of Landlord’s Contribution” shall be defined as Eight Million Six Hundred Twenty-Two Thousand Six Hundred Seventy-Five and 00/100 ($8,622,675.00) Dollars (i.e., $75.00 per square foot of Rentable Floor of the Primary Premises only), as reduced by the costs of performance of the Tenant Change Orders.

  (8)	“Requisition,” with respect to Hard Costs, shall be defined as written documentation (including, without limitation, invoices from Tenant’s contractor, written lien waivers from all persons or entities that may have a lien as a result of such work, in the recordable forms attached to the Lease as Exhibit G, and such other documentation as Landlord may reasonably request) showing in reasonable detail the costs of the improvements installed by Tenant to date in the Premises and certificate of Tenant’s Architect to Landlord and any other party reasonably designated by Landlord (such as Landlord’s mortgagee, if any) specifying the percentage of completion of Tenant’s Work, as applicable to the Requisition submitted, performed in or to the Premises in accordance with Tenant’s Plans approved by Landlord which Tenant has achieved as of the date of such certificate. Notwithstanding the foregoing, with respect to Soft Costs, “Requisition” shall mean written documentation (e.g., invoices from Tenant’s architect and engineers and vendors) showing in reasonable detail the Soft Costs. Each requisition shall be accompanied by evidence reasonably satisfactory to Landlord that all work covered by previous requisitions has been fully paid by Tenant.

  (9)	“Final Requisition,” the Requisition made by Tenant for the disbursement of all or substantially all of the undisbursed portion of Landlord’s Contribution.

  (10)	“Requisition Conditions,” with respect to each Requisition, shall be defined as: (i) there being no monetary or material non-monetary Event of Default in existence and continuing at the time that Tenant submits such Requisition to Landlord, (ii) there exist, at the time that Tenant submits such Requisition to Landlord, no liens (unless bonded to the reasonable satisfaction of Landlord) against Tenant’s interest in the Lease or against the Building or the Complex arising out of Tenant’s Work, and (iii) there exist, at the time that Tenant submits such Requisition to Landlord, no litigation against the Building or the Complex involving the Tenant’s Work.

  (11) “Final Requisition Conditions,” with respect to the Final Requisition, shall be defined as: (i) the Requisition Conditions, (ii) the Occupancy Conditions, (iii) final lien waivers from all persons or entities that may have a lien as a result of such work, in the recordable forms attached to the Lease as Exhibit G, (iv) Tenant has obtained and delivered a certificate from Tenant certifying the cost of such Tenant’s Work and representing that all contractors, subcontractors and suppliers involved with Tenant’s Work have been paid (or will, with the payment of the Final Requisition, be paid), together with evidence of such cost in the form of paid invoices, receipts and the like, and (v) Tenant has provided all close-out documentation reasonably required by Landlord.

  Page 17

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  (B)	Budget and Schedule. Tenant shall, after Tenant enters into its construction contract with Tenant’s Contractor, but, in any event, prior to the commencement of the Tenant Work, submit the Budget to Landlord and Tenant’s construction schedule for the performance of Tenant’s Work. Tenant shall, at least once per month after the commencement of the Tenant Work, submit an updated construction schedule to Landlord reflecting any changes to such construction schedule and indicating any acceleration activities implemented by Tenant or any of Tenant’s contractors to complete the Tenant’s Work.

  (C)	Landlord’s Contribution. Landlord shall provide a special allowance

  (“Landlord’s Contribution”) to Tenant not to exceed the Maximum Amount of Landlord’s Contribution. Landlord’s Contribution shall be used and applied by Tenant solely on account of the Total Costs incurred by Tenant; provided however, that the maximum amount of Landlord’s Contribution which may be requisitioned and used by Tenant to pay for Soft Costs shall not exceed (i) $9.75 per square foot of Rentable Floor Area of the Premises which may be requisitioned by Tenant for Soft Costs (the “Soft Costs Cap”). In the event that the Total Costs of Tenant’s Work is less than the Landlord’s Contribution, Tenant shall not be entitled to any payment or credit nor shall there be any application of the same toward Annual Fixed Rent or Additional Rent owed by Tenant under the Lease. In no event shall Landlord be deemed to have assumed any obligations, in whole or in part, of Tenant to any contractors, subcontractors, suppliers, workers or materialmen. Provided Tenant satisfies all of the Requisition Conditions at the time that it submits any Requisition to Landlord and all of the Final Requisition Conditions at the time that it submits the Final Requisition to Landlord, Tenant shall have the right to submit Requisitions (including the Final Requisition) to Landlord on account of Landlord’s Contribution as follows:	

  (1)	Requisitions may not be submitted to Landlord more than one time per calendar month.

  (2)	If Landlord declines to make payment of the amount due under a Requisition on the basis that Tenant has failed to satisfy any of the Requisition Conditions, then, if Tenant subsequently satisfies such Requisition Conditions, and the Lease is then in full force and effect, Tenant shall have the right to resubmit such Requisition to Landlord in accordance with this Section 3.0.

  (3)	Landlord shall pay any amount properly due to Tenant on account of any Requisition on or before the date thirty (30) days after Landlord receives such Requisition and all necessary supporting information.

  (4)	Commencing as of the Execution Date of the Lease and based upon the Budget submitted by Tenant for Soft Costs, Tenant shall have the right to submit its Requisitions to Landlord on account of Soft Costs. Prior to the commencement of Tenant’s Work, Landlord shall pay 100% of each Requisition submitted by Tenant to Landlord on account of Soft Costs up to the Soft Costs Cap.

  (5)	After the submission of the Budget to Landlord, Tenant shall have the right to submit Requisitions to Landlord on account of Total Costs (subject to the caps on

  Page 18

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  Soft Costs), and Landlord shall pay Landlord’s Share of the amount due pursuant to each Requisition until Landlord’s Contribution is exhausted; provided however, that Tenant’s Share of any payments made by Landlord to Tenant on account of Soft Costs prior to the submission of the Budget shall be credited against Landlord’s first payment(s) on account of Landlord’s Contributions made after the submission of the Budget.

  (6)	Landlord shall have no obligation to pay any portion of Landlord’s Contribution to Tenant with respect to any Requisition submitted by Tenant to Landlord after the date that is nine (9) months after the Rent Commencement Date.

  (7)	Landlord shall have the right, upon reasonable prior notice to Tenant, to review Tenant’s books and records relating to Total Costs to verify the amounts payable Landlord to Tenant on account of Landlord’s Contribution.

  (8)	Except with respect to work and/or materials previously paid for by Tenant, as evidenced by paid invoices and written lien waivers provided to Landlord, Landlord shall have the right to pay Landlord’s Contribution jointly to both Tenant and Tenant’s contractor(s) and vendor(s), if a lien has been filed against the Building, the Land or the Complex on account of Tenant’s Work which has not been discharged or bonded over.

  (D)	Tenant’s Offset Right. If Landlord fails timely to pay any portion of Landlord’s Contribution when properly due and as to which Tenant has satisfied the Requisition Conditions, and such failure shall continue for thirty (30) days after written notice from Tenant to Landlord, then Tenant, provided no monetary or material non-monetary Event of Default of Tenant has occurred and is continuing, may deliver a second notice (an “Offset Notice”) to Landlord, which notice shall specify the Requisition that has not been timely paid, the date upon which it was sent to Landlord, and if Landlord fails to (i) send Tenant written notice which disputes that the specified Requisition (or portion thereof) of Landlord’s Contribution is due from Landlord and submitting the same to arbitration under Section 4.0 below (or if Landlord has timely disputed Tenant’s demand, has submitted such dispute to arbitration in accordance with said Section 4.0 and has thereafter failed to pay Tenant the amount of any final, unappealable arbitration award against Landlord within thirty (30) days after the issuance thereof) within such five (5) business day period, or (ii) disburse the amount expressly referenced in the Offset Notice within five (5) business days, then Tenant shall have the right to have such unpaid amount credited against the next installment(s) of Annual Fixed Rent thereafter due under this Lease, until such sums due Tenant have been fully paid by Landlord or fully credited and accounted for, provided however, that the amount so offset by Tenant in any calendar month shall not exceed twenty-five (25%) percent of the amount of the monthly installment of Annual Fixed Rent payable by Tenant to Landlord with respect to such calendar month. Any amounts for which Landlord fails to timely reimburse Tenant under this Section 1.1 shall bear interest at the Default Interest Rate, as defined in Section 16.21 of the Lease from the date due until the date paid. Any disputes arising under this Section 3.0 shall be submitted to arbitration under Section 4.0 of this Exhibit B, and the arbitrator’s decision shall be conclusive and binding on the parties.

  Page 19

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  4.0	ARBITRATION

  Any disputes relating to provisions or obligations in this Exhibit B or arising from the performance of the parties under this Exhibit B shall be resolved by arbitration, under the Construction Industry Rules of the American Arbitration Association (the “AAA”), and subject to the provisions of Mass. General Laws, c. 251, with hearings conducted as expeditiously as practicable and with no undue delay, and in no event later than sixty (60) days after the date of demand, in Boston, Massachusetts. Prior written notice of application by either party for arbitration shall be given to the other at least ten (10) days before filing of any demand for arbitration hereunder. Any award of an arbitrator rendered hereunder shall be subject to confirmation and entry of judgment thereon in any court of competent jurisdiction sitting in Suffolk or Middlesex Counties, Massachusetts, and the parties hereby consent to the jurisdiction of such court. The costs and administration expenses of each arbitration hereunder and their apportionment between the parties shall be borne equally by the parties, and each party shall be responsible for its own attorneys’ fees and expert witness fees. In connection with the foregoing, it is expressly understood and agreed that the parties shall continue to perform their respective obligations under this Lease during the pending of any such arbitration proceeding hereunder (with any adjustments or reallocations to be made on account of such continued performance as determined by the arbitrator in his or her award).

  5.0	ROOFTOP TERRACE CONSTRUCTION.

  A preliminary plan and cost estimate for the Rooftop Terrace approved by Landlord and Tenant is attached as Exhibit P to this Lease (the “Preliminary Roof Terrace Plan”). Landlord shall submit for Tenant’s review and comment final construction drawings for the Rooftop Terrace, and Tenant shall provide its written design comments within five (5) Business Days after receipt of such final construction drawings. Landlord shall use reasonable efforts to incorporate Tenant’s reasonable design comments provided that any changes, modifications or comments from Tenant (i) in Landlord’s reasonable judgment are in keeping with the first-class nature of the Building and consistent with similar roof terraces in comparable buildings in the Market Area, (ii) are consistent with the governmental approvals and permits authorizing the performance of the Landlord’s Work, (iii) do not adversely affect the base building systems or other structural elements of the Building, and (iv) will not delay the substantial completion of the Rooftop Terrace or any of Landlord’s Work or delay Landlord’s ability to satisfy any of the Milestone Dates. Within fifteen (15) Business Days after Landlord’s receipt of Tenant’s design comments, Landlord shall submit a revised Roof Terrace Plan (“Final Roof Terrace Plan”) along with a preliminary estimate of the total hard and soft costs to be incurred by Landlord to design, permit and construct the Rooftop Terrace for Tenant’s review and approval, which approval shall not be unreasonably withheld, conditioned or delayed, provided Tenant shall respond within ten (10) Business Days after receipt of the Final Roof Terrace Plan from Landlord. If Tenant shall have failed to respond to the Final Roof Terrace Plan within ten (10) Business Days after receipt from Landlord, Tenant shall be deemed to have approved the Final Roof Terrace Plan and Landlord shall proceed with the construction of the Rooftop Terrace in accordance with the Final Roof Terrace Plan. All of the costs to design, permit and construct the Rooftop Terrace, including materials and finishes incorporated therein, the costs of the general contractor, general conditions, general requirements and overhead (and shall represent the actual 

  Page 20

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  costs to Landlord, without markup and without any construction management fee to Landlord), the aggregate of the amounts payable under the subcontracts selected and indirect costs, as set forth in the selected bids, a reasonable contingency and all other costs for permits, insurance, overhead, and performance of the Rooftop Terrace work shown on the Final Roof Terrace Plan shall be hereinafter referred to as “Rooftop Terrace Project Costs.” Tenant shall be responsible to pay the Rooftop Terrace Project Costs incurred by Landlord and such Rooftop Terrace Project Costs shall accrue interest commencing on the date of each disbursement by Landlord of any Rooftop Terrace Project Costs through the Tenant Reimbursement Date (as defined below) in an amount equal to six percent (6%) per annum (which shall include the soft costs included in the Rooftop Terrace Project Costs). Within ninety (90) days after the Substantial Completion Date, Landlord shall deliver a final accounting of the Rooftop Terrace Project Costs (based on “open book” backup from the general contractor, subcontractors and suppliers) in reasonable detail together with supporting documentation regarding such Rooftop Terrace Project Costs (the “Final Project Costs Statement”). Within thirty (30) days after the delivery by Landlord of the Final Project Costs Statement (the “Tenant Reimbursement Date”), Tenant shall pay to Landlord, as Additional Rent under the Lease, the entire amount of Rooftop Terrace Project Costs, including any accrued interest thereon. Notwithstanding the foregoing, Tenant may elect, in its sole discretion, by written notice to Tenant not later than one hundred (180) days prior to the Tenant Reimbursement Date, to require that all or any portion of the Rooftop Terrace Project Costs be amortized over the initial Term of the Lease or a direct reduction basis over one hundred eighty (180) months at an annual interest rate of six percent (6%) (the “Amortization Amount”) in 180 monthly installments (“Monthly Improvement Cost Payments”) payable, as Additional Rent, on the first day of each month following the Rent Commencement Date (provided that if the Rent Commencement Date is the first day of a month such payments shall commence on the Commencement Date) in the same manner as provided in the Lease for the payment of Annual Fixed Rent; provided however, that in the event that the Rooftop Terrace Project Costs exceed $2,000,000.00 (“Maximum Amount”), then, in addition to the Monthly Improvement Cost Payments, Tenant shall pay to Landlord, as Additional Rent, on or before the Tenant Reimbursement Date, all such Rooftop Terrace Project Costs in excess of the Maximum Amount and only the Maximum Amount will be amortized and payable by Tenant as part of the Monthly Improvement Cost Payments. Landlord and Tenant agree to execute and deliver an amendment to the Lease to memorialize the amounts and Tenant’s obligation to pay the Monthly Improvement Cost Payments as provided in this Section 5.0, provided that the parties’ failure to execute such amendment shall not modify Tenant’s obligations as determined above. Neither the Amortization Amount nor the Monthly Improvement Cost Payments shall be abated or reduced for any reason whatsoever (including, without limitation, untenantability of the Premises or termination of the Lease). Without limiting the foregoing, the rent abatement provisions of Section 7.7, Article XIV and any other rent abatement provisions of the Lease shall not apply to the Amortization Amount or the Monthly Improvement Cost Payments. Since the payment of the Amortization Amount represents a reimbursement to Landlord of costs which Landlord will incur in connection with the construction of the Premises, if there is any default (beyond the expiration of any applicable grace periods) of any of Tenant’s obligations under the Lease (including, without limitation, its obligation to pay the Monthly Improvement Cost Payments) or if the term of the Lease is terminated for any reason whatsoever prior to the termination of the term of the Lease, Tenant shall pay to Landlord, immediately upon demand, the unamortized balance of the Amortization

  Page 21

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  Amount. Tenant’s obligation to pay the unamortized balance of the Amortization Amount shall be in addition to all other rights and remedies which Landlord has based upon any default of Tenant under the Lease, and Tenant shall not be entitled to any credit or reduction in such payment based upon amounts collected by Landlord from reletting the Premises after the default of Tenant.

  Page 22

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

   

  Schedule 1 to Exhibit B

  
Base Building Specification

  1.	PROJECT DESCRIPTION	.

  The existing three-story structure at 1265 Main Street is to be redeveloped into a work loft building equating to approximately 119,969 rentable square feet consisting of the entire 2nd and 3rd floors and a portion of the 1st floor currently contemplated to be the main entrance on the west side of the building (facing Route 128/1-95). The remainder of the 1st floor of the building will be converted to exclusive parking for Clarks and a climate controlled loading dock and storage area as further detailed within.

  Other elements to be provided by Landlord are as follows:

  A.	Landlord will install four (4) saw tooth monitor skylights, approximately 25 feet by 50 feet each.

  B.	Two-Story “Town Square” - As described in the premises section, the new redevelopment plan assumes the removal of approximately 2,500 square feet within the enclosed structure. Landlord will deliver these slab openings as part of the Landlord’s Work, all other work by the Tenant.

  C.	Glass Curtainwall Entry - Atrium - Landlord will deliver a three- story glass and aluminum entry. The glass and aluminum wall system will be a Kawneer 1600 wall or similar and will include entrance doors and a vestibule. The wall and finishes shall be consistent with first class office buildings in Waltham. Landlord will provide the slab openings and atrium exhaust and an internal two-story connecting stair from floor 1 main lobby to floor 2. Interior lobby finishes, stairs finishes, and walls are the responsibility of the Tenant.

  2.	LEED

  A.	Office building Core and Shell have been designed to obtain LEED Certification. Core shell designed in accordance with applicable codes.

  B.	Landlord to provide secure bike parking for LEED compliance in the garage area of the building. Bike storage for 26 bicycles on level 1 of the garage shall be included.

  3.	SITEWORK

  Page 23

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

   

  A.	Landlord to provide a green screen with a minimum height of ten (10) feet at the electric substation. Landlord to provide images, selection to be mutually agreeable between Tenant and Landlord.

  B.	Landlord to provide a flag pole and flag at the front of the building, subject to Landlord’s right to approve in writing any flag to be flown thereon other than the American flag, the British flag or a “Clark’s” flag.

  C.	All new landscaping improvements around the building per landscape design provided by Carol R. Johnson and Associates by Landlord.

  D.	Directional and way-finding signage for the project site shall be provided by the Landlord. Base Building signage by the Landlord shall include life safety signage only.

  E.	Utilities - Domestic Water, Gas, Power and Fire Protection services will be adequately engineered and sized to service the building. These are provided by the Landlord.

  F.	Conduits will be provided by the Landlord for Telephone/Data routing as necessary to service the building MDF room on floor 1.

  G.	Outdoor Patio Area - An exclusive landscaped outdoor terrace directly accessed from the second floor premises at the northeast comer of the building. The terrace will be a minimum of 3,750 SF and will include water hose bibs and electric outlets and will be delivered ready to receive furniture provided by the Tenant.

  4.	FOUNDATIONS

  A.	Existing and new foundations shall be constructed of steel reinforced concrete.

  5.	STRUCTURE

  A.	The new and existing structure will be reused. Levels 1, 2, and 3 are existing cast in place concrete, exposed columns with flat panel concrete floor slabs. Level 1 is a concrete slab on grade.

  B.	The roof is metal deck supported by structural steel columns and beams.

  C.	The existing structure to be reused has existing floor to floor heights of approximately 14’0” at levels 1 & 2. Level 3 to the roof is approximately 14’-7”.

   

  Page 24

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  D.	The structure will be designed in accordance with the following live and dead loads:

  1.	Wind and seismic load in accordance with State Building Code.

  2.	Floor live load 100 lbs./sf (including partitions).

  3.	Floor dead load 100 lbs /sf

  4.	Mechanical equipment rooms -- actual weight of equipment.

  5.	Roof -- 35 lbs. per square foot minimum and in accordance with governing building codes, plus allowances for specific drifting and equipment loads.

  6.	The existing structure can accommodate the design loads as stated.

  E.	Structure will be fireproofed by Landlord where required by the Building Code. Structural assemblies requiring fireproofing will be sprayed with a fiber fireproofing system as provided by W. R. Grace & Co. or equal.

  F.	Fire exit stairs will be standard steel pan stair assemblies with painted steel handrails and concrete fill, provided by Landlord.

  G.	Miscellaneous iron items (elevator sill angles, ladders, railings, loose lintels, expansion plates, toilet partition support frames, etc.) will be provided as needed by Landlord.

  6.	ROOFING AND WATERPROOFING

  A.	The roofing system will be a single membrane, LEED compliant, white, Factory Mutual FM installed Thermoplastic Polyolefin (TPO) roof system with a 15 year warranty, or equal roofing system.

  B.	Roof insulation will be rigid fiberglass board, applied with staggered joints conforming to State Building Code requirements and acceptable for use with the system specified.

  C.	Compatible roof walkway pads shall be provided for equipment access and servicing.

  D.	Metal flashing work will carry the subcontractor’s one year written warranty.

   

  7.	EXTERIOR WALLS

   

  Page 25

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  A.	The exterior of the building should reflect a “mill-style” design having a facade that is comprised of 35%-45% glazing with the balance of the facade to be precast and masonry to accomplish the design intent indicated in the renderings.

  B.	Typical “mill-style” window to have a manufactured look with mullions and insulated glass.

  C.	Exterior entrance doors will be similar in construction to building window systems.

  D.	Exterior wall system to be designed in accordance with the State Building Code.

  8.	INTERIOR FINISHES

  A.	Main Lobby - Premises will be delivered by the landlord ready to receive finish work provided and installed by the Tenant. All atrium and lobby finishes will be part of Tenant’s Work including handrails and finishes to the stairs, floor finishes, lighting, etc.

  B.	Toilet Rooms - Landlord to furnish and install Base Building bathrooms as follows:

  1.	Flooring will consist of 12”xl2” thin set, grouted and sealed, ceramic floor tile with marble saddles at door openings.

  2.	Ceramic Tile will be installed to 7’ above the finished floor on wet walls. Paint shall be applied at non-tiled walls.

  3.	Ceiling will be acoustical ceiling tile: 2’x2’ (or 2’x4’) Second Look Tegular edge tile set in white standard duty grid or equal.

  4.	Lavatory counters will be natural stone or other solid surface material with backsplash and under-mount china lavatories.

  5.	Metal toilet enclosures will be ceiling mounted and of stainless steel panel construction. Toilet partition compartments shall have satin chrome hardware, one dual tissue holder, and one coat hook.

  6.	Each bathroom will have an automatic paper towel dispenser, a large waste receptacle, continuous 1/4” polished plate glass mirror over the counter, and lavatory mounted soap dispensers.

  7.	Toilet room accessories will be similar or equal to those manufactured by Bobrick Company, all in accordance with regulations of Architectural Access Board.

  Page 26

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  8.	Bathroom finishes will be mutually agreeable between Landlord and Tenant.

  C.	Other Area Finishes

  1.	Portions of Level 1 and all of Levels 2 and 3 - Existing concrete floor slab is being reused. Floors will be delivered to the tenant in a broom clean condition.

  2.	Loading Dock and Storage Area - Areas within the loading dock and storage areas shall have a concrete sealer. Sloped areas will be provided with a broom finish.

  3.	Fire Exit stair treads and landings will be sealed concrete. Stairwell walls will be painted drywall and includes lifesafety lighting.. Fire exit stairs will be used for employee movement between floors. Interior Fire Exit doors will include a vision panel.

  4.	The southern stairwell includes an exterior wall of constructed of glass and aluminum.

  5.	Landlord will provide a reception area restroom in the floor one (1) lobby. Landlord will provide the bathroom fixtures, toilet room accessories including a mirror and all finishes including lighting, ceiling, floor finishes, hot water and exhaust.

  6.	Landlord will provide four showers in the Fitness center and hot water to the showers and sinks.

  D.	Interior core drywall surfaces will be 5/8” drywall prepared to receive paint. Interior hollow metal surfaces will receive one coat of primer and two coats of semi-gloss enamel. Architectural woodwork and wood doors will receive a sealer and clear polyurethane finish. Colors to be coordinated with Tenant finishes.

  9.	LOADING DOCK

  A.	Loading dock includes one fully dedicated and exclusive loading dock with a loading dock leveler.

  B.	Separate space is provided for a tenant compactor and dumpster.

  C.	Dock space adjacent to the loading dock area is provided as indicated on the level one plan, [to be attached]

  Page 27

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  D.	A connection from the loading dock to the Tenant space will be provided as indicated on the level one plan. Double doors will be provided as necessary to provide access from the loading dock area to the storage and freight elevator.

  10.	STORAGE AREA

  A.	Landlord to provide approximately 5,000 sf of climate controlled storage space at level 1 adjacent to the loading dock. Direct access shall be provided from the loading dock to Clarks’ storage space. Layout to be developed with Tenant’s approval, [to be attached]

  11.	WALL PARTITIONS

  A.	All base building partitions will be of gypsum wall board construction complying with building code. Fire-rated construction to be provide as required by code.

  B.	Typical demising walls consist of 2 1/2” studs or as required for wall height, insulated, up to the underside of slab, with one layer of 5/8” gypsum board on the common side of the stud.

  C.	Exterior wall shall be framed and insulated and have drywall to encapsulate the insulation system installed required by code. Walls will be taped ready to receive paint by Tenant.

  D.	Interior tenant partitions and column enclosures are by Tenant.

  12.	WINDOW TREATMENTS

  A. 	All exterior windows will be equipped with manual roll down shades.

  13.	DOORS, FRAMES AND HARDWARE

  A.	Metal doors shall be provided at service core and mechanical rooms. They will be flush type 3’x8’xl-3/4” with stained hardwood finish at rooms with guest access (toilet rooms) and painted hollow metal at service rooms (electrical closets, mechanical rooms, etc.) in accordance with fire resistive requirements for each opening.

  B.	Exterior service doors will be painted hollow metal 3’ x 7’ x 1 3/4” in a painted hollow metal frame. At storefront and curtainwall locations, aluminum doors with glazing will be provided by the Landlord.

  C.	Interior Fire Exit Stair doors will be 3’ x 8’ x 1 3/4” and will include a vision panel in the door.

  Page 28

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  D.	Frames - All base building doors, except storefront doors, shall be installed and painted. Hollow metal door frame and door colors to be approved by Tenant.

  E.	Hardware - Base building doors shall have mortise-bodied levers with keyed locksets and closers.

  F.	Hardware sets shall be Schlage, Sargent or approved equal.

  G.	Hardware shall be a brushed aluminum or brushed chrome finish.

  14.	VERTICAL TRANSPORTATION

  A.	Two (2) 2,500 lb. passenger elevators will be provided as part of the landlord’s work. These units are located at the main lobby accessing floors 1 through 3. An alternate to provide access to the roof with one of these units is included in the Roof Deck alternate.

  B.	The single freight elevator will be shared use (i.e. freight and passenger service) at the southern end of the building and it will have a 5,000 lb. capacity and be 5’6” wide by 8’9” deep.

  C.	The elevator materials and color selected for the interiors of the building’s passenger cabs shall complement those selected for the Tenant’s lobby design. The finish shall be mutually agreeable between Clarks and the Landlord. An allowance of $20,000 per cab shall be provided by the Landlord. The design of elevator cab is provided as part of the Landlord’s Work.

  15.	PLUMBING

  A.	All material and workmanship shall be in strict accordance with the following codes:

  1.	Massachusetts State Plumbing Code.

  2.	Massachusetts State Building Code.

  3.	National Fire Codes.

  4.	Requirements of the local regulatory authorities.

  B.	Sanitary Waste and Vent System

  Interior waste and vent piping shall convey wastes to the underground sanitary waste system and shall be vented through the roof as required by code. Exterior sanitary waste shall be connected to the site sanitary service outside the building.

  Page 29

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  C.	Roof drainage system

  1.	Interior roof drains shall be adequately sized and installed to drain all roof surfaces and shall be connected to the site storm drain outside of the building.

  2.	Structural loading as a result of ponding has been reviewed by the Design Team and scuppers at the perimeter are utilized as for overflow so that secondary roof drains are not required.

  D.	Cold and Hot Water System

  Cold and hot water systems shall be installed to service all Base Building fixtures and equipment and also including the Tenant floor 1 reception restroom. The Tenant Fitness Center Showers and lavatories will have water overhead for installation by Tenant. Hot and cold water mains will be overhead for connection by Tenant’s contractor. Piping from the mains to the shower valves and sinks to be by Tenant. Cold and hot water and shall be sized in accordance with the requirements of the applicable plumbing codes.

  E.	Natural Gas System

  Gas piping shall convey gas from the outlet of the meter to all Base Building equipment requiring gas and shall be sized in accordance with applicable fuel gas codes.

  F.	Piping and Fittings

  Piping and fittings shall be cast iron for sanitary and storm; copper for water; and black steel for natural gas, all conforming to the latest ASTM and/or F.S. standards.

  G.	Piping and Drainage Accessories

  Roof drains, wall hydrants, cleanouts and fixture carriers shall be as manufactured by J.R. Smith, Josam, Zum or approved equal. Backflow preventers shall be as manufactured by Watts or approved equal.

  H.	Insulation

  All above ground cold and hot water piping, valves, and fittings shall be insulated, up to the mechanical shock absorbers. Horizontal rain leaders and all roof drains shall be insulated.

  I.	Water Meter

  Water meter and piping shall be furnished and installed in accordance with the requirements of the local municipal service provider.

   

  Page 30

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  J.	Plumbing Fixtures

  Fully-accessible, hands-free fixtures shall be provided in the Base Building toilet rooms. The number of plumbing fixtures shall be as required by applicable codes and shall be as follows:

  1.	Water closets shall be elongated, low-flow, auto flush valve closets with 1 1/2” top spud and exposed valve as manufactured by Sloan Company, or approved equal, with white, open front seats, no cover.

  2.	Urinals shall be wall-hung, low flow, white with 3/4” top spud, exposed valve as manufactured by Sloan Company, or approved equal.

  3.	Lavatories shall be auto detect under mount type with hot and cold fixtures.

  4.	Shower mixing valves shall be pressure balancing, temperature selection type with accessible accessories where required. Shower heads shall be low-flow type.

  5.	Provide gas fired or electric hot water heaters for base building core restrooms.

  16.	FIRE PROTECTION SYSTEM

  A.	The automatic light hazard fire protection system as furnished by the Landlord will consist of a fire pump (if required by the State Building Code), and a manual standpipe system equipped with 2 l/2” fire department hose valves on each floor landing in each stairwell.

  B.	The Base Building sprinkler system will consist of general coverage (15' x 15’ grid) with upturned heads to meet minimum code requirements for light hazard occupancy. All relocation and/or additional heads and associated piping shall be tenant work.

  C.	The combination sprinkler/standpipe system will include wet and dry alarm check valves located in the fire pump (if required) room. Alarm check valves where required are provided in the base building design.

  D.	Dry pipe sprinkler system will be installed in the Loading Dock area as required by code.

  E.	The sprinkler system on each floor will have a floor control valve assembly for isolating the sprinkler system for maintenance or for modifications due to Tenant Work.

  Page 31

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  F.	The Tenant‘s Work will include the installation of distribution piping, sprinkler heads throughout the building in accordance with the code requirements for Tenant’s particular uses and layouts.

  G.	Tenant’s fire protection drawings shall be approved by the Landlord.

  H.	The combination sprinkler/standpipe system will be designed to meet NFPA, state and local governmental requirements.

  I.	Hydrants will be located on the site as required by NFPA, state and local requirements.

  J.	The combination sprinkler and standpipe system alarm and supervisory devices will be interfaced with the fire alarm system as required by 2002 NFPA 13, Massachusetts State Building Code (780CMR, 6th edition), and local municipal requirements. The Base Building fire protection is designed per 8th edition MA State Building Code.

  K.	All sprinkler system piping and equipment shall be tested in accordance with all applicable codes and local municipal requirements.

  L.	Clarks will require limited extra hazard Group 1 coverage in approximately 2,000 rsf in a certain location of their space. The Base Building Systems will accommodate this requirement. Tenant to provide plan indicating location by 6/1/15.

  17.	HEATING, VENTILATING AND AIR CONDITIONING

  All items provided as part of Landlord’s Work unless otherwise noted.

  A.	Materials, equipment and systems installed shall meet all requirements of applicable local codes and LEED Certification.

  B.	Base Building HVAC system includes vertical supply duct riser stubbed out 3’ on each floor for extension by Tenant. Also includes hot water supply/return risers stubbed out 3’ on each floor for extension by Tenant. Landlord will bring the Base Building HVAC to a designated location at the fitness facility.

  C.	Tenant’s Work includes hot water distribution system, medium pressure distribution ductwork, and all downstream secondary ductwork, interior and exterior boxes, controls, registers, grilles and diffusers.

  D.	Design Conditions

  1.	The HVAC systems shall be designed to maintain the following conditions:

  Page 32

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  As provided in design.

  Outdoor summer = 91F DB / 73F WB 
Indoor summer = 75F DB / 62F WB (50% RH)

  Outdoor winter = 7F DB 
Indoor winter = 70F DB

  2.	Outside air shall be introduced at a minimum rate as stated

  •	0.1 CFM per s.f. based on 0.06 CFM per s.f. and 5 CFM per person based on 150 s.f. per person

  •	Accommodating approximately 25,000SF of tenant area at .2 CFM/sf of outside air is included.

  3.	For Tenant areas, the load calculations shall be based on a maximum sustained peak loading condition of one (1) person per one hundred fifty (150) usable square feet and a combined lighting and power load of 4 watts per usable square foot office.

  E.	Scope of Work

  The HVAC system will consist of packaged DX air cooled rooftop units. The units will be complete with supply fan, return fan, multiple compressors, variable frequency drives, gas heat for morning warm-up. The units shall be mounted on vibration isolation curbs. Medium pressure supply ductwork risers within drywall return shafts shall be provided as part of the Base Building Work. All run-outs and distribution work, including associated variable air volume boxes (interior and exterior zones), shall be part of the Tenant Improvements Work. The Tenant Improvements shall be designed such that the interior zones shall be controlled by the use of variable air volume boxes with remote thermostats and the building perimeter areas shall be controlled by the use of fan-powered VAV terminal units with hot water heating coils.

  Base Building Work HVAC System shall include:

  1.	Adjustable outside air dampers will be located in the rooftop units to ensure fresh air induction into the building HVAC system as required by code.

  2.	Toilet and miscellaneous exhaust fans with separate exhaust system.

  3.	FPT/VAV work within the bathrooms is included. FPT/VAV work within the main lobby and first floor entrance /egress corridor is included within the Tenant work.

  Page 33

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  4.	The roof top units shall be evaporative DX cooling complete with direct expansion cooling coil, variable frequency drives, multiple compressors, and gas heat for morning warm-up.

  5.	Medium pressure riser shafts to roof top units with fire damper stubbed out three (3) feet from the shaft.

  6.	Gas fired hot water boilers, pumps, piping and controls. Supply and return piping risers with capped and valved connections on each floor for future extension by the tenant.

  7.	DDC control system for the Base Building roof top units and VAV boxes.

  F.	All required balancing tests and adjustments for all Base Building systems, including air systems, automatic control, and piping systems will be performed by accredited personnel. Work to be performed upon completion of Tenant work.

  G.	All low pressure supply duct work in Base Building unconditioned spaces, under roof and in mechanical equipment rooms shall be insulated. All low pressure supply ductwork above air conditioned space will be insulated.

  H.	The entire building system shall be controlled and monitored by a Building Management System, which shall automatically monitor and adjust building temperatures and energy usage. Lighting control shall be furnished and installed by the Tenant and may utilize the BMS at the Tenant’s election.

  I.	Clarks will require riser space in the building for an exhaust duct and a location for a vertical riser/vent located on the rooftop, location to be determined.

  Landlord will coordinate with the Tenant.

  18.	ELECTRICAL

  A.	General: All electrical work shall conform to The National Board of Fire Underwriters, the latest edition of the National Electrical Code.

  B.	Base Building electrical system extends up to the base building electric room sized to accommodate tenant electrical design load of 6.0 watts/SF for lighting and power.

  C.	Design Conditions:

  1.	Service shall be capable of satisfying all the Base Building power

  requirements for heating, ventilating, air conditioning equipment, common areas power and lighting, and building site lighting.

  Page 34

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  2.	Lighting power shall be designed to Massachusetts State Building Code, 8th Edition CMR 780 Chapter 13 Energy Conservation Code for the following lighting levels:

  •	Office areas - 50 foot candles (Tenant Improvements)

  •	Lobby and toilet areas - 30 foot candles

  •	Storage areas - 20 foot candles

  •	Closets and Mechanical Areas - as required, including individual switching.

  •	Fire Exit Stairs

  3.	Tenant lighting and equipment power shall be designed for 6 watts connected load per usable square foot.

  D.	Electric Power Distribution:

  1.	The building shall be served by a 277/480 volt three phase, 4 wire service.

  2.	The building shall be provided with a utility electric meter.

  3.	An emergency generator will be installed by Landlord to provide backup power for building life safety systems, Building lighting for emergency egress;.

  emergency egress lighting may be provided by integral emergency ballast and battery system.

  In the event that a Base Building generator is not required by code, then Landlord and Tenant shall mutually agree upon a concrete pad site for Landlord to install at Tenant’s cost near the Building for Tenant’ use.

  4.	A 277/480 volt, three-phase, four-wire distribution panels in (2) electrical closets per floor and low voltage transformers shall be provided as required for Base Building work.

  All distribution of electricity from the building’s service for tenants’ use,

  including high and low voltage panels, transformers, shall be by tenant. Panels for Tenant use to support Tenant Improvement work shall be provided by the tenant.

  5.	The electrical switchgear manufacturer shall be General Electric, Cutler Hammer, Siemens, Square D, Westinghouse, or approved equal.

  6.	Panel boards as manufactured by General Electric, Cutler Hammer, Siemens, Square D, or approved equal.

  Page 35

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  7.	Dry Type Transformers as manufactured by General Electric, Cutler Hammer, Siemens, Square D, Jefferson, or approved equal.

  E.	Wiring methods shall be as follows:

  1.	Electric metallic tubing pulled in type “THWN” or “THHN” wires and cables for main, sub main and branch feeders as required by Code.

  2.	Electric metallic tubing unshielded cable as required by Code will be used for lighting and appliance branch circuitry in “core,” “public” and “building service” spaces.

  3.	Minimum code approved wiring method for lighting and appliance branch circuitry in finished spaces. For branch circuitry above acoustic ceiling, this method includes use electric metallic tubing cabled or uncabled wiring to junction box in vicinity of device and uncabled wiring from junction box to device. Wiring method for lighting shall include wiring pulled through continuous lighting rows from point of branch circuit feeder to nearest light access location.

  F.	The following items shall be included in the Tenant’s Work:

  1.	Tenant shall make the necessary connection to the base building distribution panels provided in two (2) electrical closets per floor providing all panel boards, transformers, wiring, devices and related electrical components required to their service electrical requirements. Base building distribution panels only are provided in the current design, tenant panel boards shall be by tenant.

  2.	Tenant to provide panel boards as follows:

  •	480/277	volt	mechanical panels

  •	480/277	volt	lighting panels

  •	208/120	volt	power panels

  3.	Intentionally Omitted.

  4.	Supply power with characteristics as follows:

  •	480 volts three phase to all motors 1/2 horsepower and larger.

  •	277 volts single phase to all fluorescent (and other discharge type lamp) lighting fixtures.

  •	120 volts single phase to all general convenience receptacle outlets.

  •	Special power for hard-wired or receptacle connections to appliances.

  Page 36

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  5.	Incorporate three-phase dry type transformers (480 volt delta to 208/128 volt wye) as required to produce the aforementioned supply characteristics which are not available from direct connection off the main service characteristics.

  6.	Incorporate wiring methods as follows:

  •	Electric metallic tubing pulled in type “THWN” or “THHN” wires and cables for main, sub-main, and branch feeders as required by Code.

  •	Electric metallic tubing unshielded cable as required by Code will be used for lighting and appliance branch circuitry in “core”, “public” and “building service” spaces.

  •	Minimum code approved wiring method for lighting and appliance branch circuitry in office spaces. Wiring method for lighting shall include wiring pulled through continuous lighting rows from point of branch circuit feeder to nearest light access location.

  7.	Lighting fixtures other than in the base building stairs, building service rooms and base building toilet rooms.

  8.	Life safety egress as required by local and state codes. Fixtures will utilize T8 lamps, electronic ballasts and/or battery packs.

  9.	Motors, Motor Starters and Power Circuit Wiring:

  •	Motors will be furnished and installed separate from the electric work.

  •	Motor starters will be furnished and installed as part of the electric work. Starters for air conditioning compressors will be supplied by mechanical contractor.

  •	The electric work shall include all power circuit wiring up to motor terminals together with final connections to same.

  G.	Rough-in Provisions for Telephone/Data Company

  1.	Landlord to provide service entrance conduits extending from the property line to a main telephone room on the ground floor.

  2.	Landlord to provide One (1) main telephone closet in the first level.

  3.	Landlord to provide Two (2) 4 x 8 sheets of fire rated plywood mounted to wall in main telephone room.

  H.	Automatic Addressable Fire Alarm Detection System:

  1.	A fire alarm system for the building common areas shall be installed in accordance with all current applicable building codes including NFPA and ADA.

  Page 37

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  2.	Fire alarm devices outside the core areas and within the demised premises shall be installed as part of the Tenants Work.

  3.	Base Building fire alarm system shall have capacity to accommodate horn and strobe devices per floor for tenant’s use as per code.

  4.	Fire Alarm equipment as manufactured by E.S.T., Simplex, Honeywell, Notifier, Alerton, or approved equal.

  5.	The Fire Alarm Transponder Cabinets shall have spare capacity for additional initiation devices required for Tenant fit out.

  19.	ACCESS CONTROL AND SECURITY SYSTEM

  Landlord to provide conduit, power and door hardware and exterior locking hardware only, for the perimeter card access system including the electric door locks, raceways and power for main exterior entries;

  1.	South entry vestibule

  2.	Fitness center entry

  3.	E entry from Level 1 parking

  4.	Outdoor terrace vestibule located on floor 2..

  5.	Main Atrium Entry

  Security wiring, card readers and the security system shall be furnished and installed by Tenant.

  20.	VAPOR BARRIER

  A vapor barrier shall be installed beneath the level one slab in occupied areas of the building. These areas shall include the first floor lobby, south entrance, storage area, elevator pits, and stairs.

  21.	OTHER CLARIFICATIONS

  A. The following items shall be part of Tenant’s Work and are not included in the Landlord’s Work or the responsibility of the Landlord :

  1.	Ceiling high and, except on multi-tenant floors, demising partitions

  2.	Tenant entrance doors and interior doors

  3.	Acoustical ceilings

  4.	Carpet or other floor covering

  5.	Prime paint finish on interior drywall/tape finish of exterior wall by Landlord

  6.	Light fixtures

  7.	Single pole switches

  Page 38

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  8.	Wall-mounted duplex outlets

  9.	Wall-mounted telephone outlets

  10.	Final sprinkler head layout, fixture upgrades, quantities above Base Building, and all piping associated with changes

  11.	Interior and exterior VAV boxes, all Registers, Diffusers and Grilles (RDG) with medium pressure and distribution ductwork. Medium pressure supply ductwork shall have duct sound attenuators and external duct insulation throughout

  12.	Hot water distribution system within tenant spaces

  13.	All electrical work on Tenant’s meter

  14.	Fire alarm stations and exit signs required by code (but such items shall be included in Base Building to the extent located in core areas)

  15.	Elevator lobby finishes on single tenant floors (elevator frames and doors are brushed stainless steel)

   

   

  Page 39

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  Schedule 2 to Exhibit B

  COMMENCEMENT DATE ELEMENTS

  The following components of the Landlord’s Work are substantially complete:

  (1)the structural steel and concrete slab on deck are substantially complete in the Building;

  (2)the fireproofing, where required, is substantially complete and conforming to NFPA Standards and code requirements on the floors of the Building on which the Tenant Work will commence.

  (3)the exterior skin of the Building has been completed to such an extent that Tenant may commence and continue the Tenant Work without material interruption and the floors of the Building on which the Tenant Work will commence will not be directly exposed to the elements(excepting (i) any portion of the façade being used as a loading window for materials and trash to serve the Building during the construction of the Landlord’s Work and to which the temporary hoist may be attached, and (ii) the Building’s west atrium entrance structure and glass, and Tenant agrees that the exterior skin of the Building will not be complete in those areas until the permanent freight elevator is rendered operational but the foregoing shall have no impact on the determination of whether the exterior skin requirement has been satisfied hereunder);

  (4)the roof of the Building has been substantially completed, except to the extent that the roof work cannot be substantially completed as the result of the installation of any component of the Tenant Work, Tenant’s Property or Tenant’s telecommunications equipment thereon;

  (5)the mechanical shaft openings will be in place and enclosed on the floors of the Building on which the Tenant Work will commence;

  (6)Operational Building Mechanical System; and

  (7)permanent or temporary electrical power is available on the applicable floors of the Building on which the Tenant Work will commence.

  Page 40

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  Schedule 3 to Exhibit B

  INTERIM COMPLETION ELEMENTS

  The following components of the Landlord’s Work are substantially complete:

  (1)the Commencement Date Elements have been substantially completed;

  (2)One (1) of the base building elevators has been placed into service for use by Tenant;

  (3)the base building fire alarm system is ready for Tenant connection;

  (4)the base building HVAC system is operational and has been initially balanced (except for those areas impacted by the Tenant Work);

  (5)the base building HVAC infrastructure (including air handler units, hot water system and automatic temperature controls) will be substantially complete;

  (6)the toilet core rooms on the floors of the Building are substantially complete (exclusive of tenant finishes which are Tenant’s responsibility);

  (7)the vertical electrical risers have been installed on each floor of the Building on which the Premises is located and are ready for tenant connection; and

  (8)domestic water, waste and vent have been stubbed to each floor of the Building on which the Premises is located and ready for tenant connection.

   

  Page 41

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  Schedule 4 to Exhibit B

  TENANT PLANS AND OTHER ACTION DATES

   

  		
	Tenant Milestone
	Outside Date

	Tenant Impacts to Base Building
	January 15, 2015 - Completed

	Outside Date for submission of Tenant’s Initial Plans to Landlord for review.
	July 31, 2015

	Outside Date for submission of Tenant’s Interim Plans
	November 1, 2015

	Outside Date for submission of Tenant’s Final Plans
	February 1, 2016

   

   

  Page 42

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  Schedule 5 to Exhibit B

  TENANT PLAN AND WORKING DRAWING REQUIREMENTS

  1.	Floor plan indicating location of partitions and doors (details required of partition and door types).

  2.	Location of standard electrical convenience outlets and telephone outlets.

  3.	Location and details of special electrical outlets; (e.g. Xerox), including voltage, amperage, phase and NEMA configuration of outlets.

  4.	Reflected ceiling plan showing layout of standard ceiling and lighting fixtures. Partitions to be shown lightly with switches located indicating fixtures to be controlled.

  5.	Locations and details of special ceiling conditions, lighting fixtures, speakers, etc.

  6.	Location and heat load in BTU/Hr. of all special air conditioning and ventilating requirements and all necessary HVAC mechanical drawings.

  7.	Location and details of special structural requirements, e.g., slab penetrations and areas with floor loadings exceeding a live load of 70 lbs./s.f.

  8.	Locations and details of all plumbing fixtures; sinks, drinking fountains, etc.

  9.	Location and specifications of floor coverings, e.g., vinyl tile, carpet, ceramic tile, etc.

  10.	Finish schedule plan indicating wall covering, paint or paneling with paint colors referenced to standard color system.

  11.	Details and specifications of special millwork, glass partitions, rolling doors and grilles, blackboards, shelves, etc.

  12.	Hardware schedule indicating door number keyed to plan, size, hardware required including butts, latchsets or locksets, closures, stops, and any special items such as thresholds, soundproofing, etc. Keying schedule is required.

  13.	Verified dimensions of all built-in equipment (file cabinets, lockers, plan files, etc.).

  14.	Location of any special soundproofing requirements.

  15.	All drawings to be uniform size (30” X 42”) and shall incorporate the standard project electrical and plumbing symbols and be at a scale of 1/8” = 1’ or larger.

  16.	Drawing submittal shall include the appropriate quantity required for Landlord to file for permit along with four half size sets and one full size set for Landlord’s review and use.

   

   

  Page 43

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  17.	Provide all other information necessary to obtain all permits and approvals for Landlord’s Work.

  18.	Upon completion of the work, Tenant shall provide Landlord with two hard copies and one CAD file of updated architectural and mechanical drawings to reflect all project sketches and changes.

   

  Page 44

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  Schedule 6 to Exhibit B

  MILESTONE DATES

   

  		
	Milestone
	Milestone Date

	Initial Work Completion Date
	March 1, 2016

	Interim Conditions Completion Date
	June 1, 2016

	Substantial Completion Date
	August 1, 2016

   

   

   

  Page 45

  Exhibit B

  1265 Main Street Clarks Americas, Inc. Lease

  

   

  EXHIBIT C

   

  LANDLORD SERVICES

  I.	CLEANING

  Cleaning and janitorial services shall be provided as needed Monday through Friday, exclusive of holidays observed by the cleaning company and Saturdays and Sundays.

  A.	OFFICE AREAS

  Cleaning and janitorial services to be provided in the office areas within the Premises (exclusive of specialty areas within the Premises such as, without limitation, kitchenettes, the Outdoor Terrace Area, the Fitness Facilities and the Rooftop Terrace) shall include:

  1.	Vacuuming, damp mopping of resilient floors and trash removal.

  2.	Dusting of horizontal surfaces within normal reach (tenant equipment to remain in place).

  3.	High dusting and dusting of window blinds or shades to be rendered as needed.

  B.	LAVATORIES

  Cleaning and janitorial services to be provided in the lavatories of the Building and core restrooms on each floor (exclusive of specialty areas within the Premises such as shower rooms) shall include:

  1.	Dusting, damp mopping of resilient floors, trash removal, sanitizing of basins, bowls and urinals as well as cleaning of mirrors and bright work.

  2.	Refilling of soap, towel, tissue and sanitary dispensers to be rendered as necessary.

  3.	High dusting to be rendered as needed.

  C.	MAIN LOBBY, ELEVATORS AND STAIRWELLS

  Cleaning and janitorial services to be provided in the Building shall include:

   

  Page 1

  Exhibit C

  1265 Main Street Clarks Americas, Inc. Lease

   

  

   

  1.	Trash removal, vacuuming, dusting and damp mopping of resilient floors and cleaning and sanitizing of water fountains.

  2.	High dusting to be rendered as needed.

  D.	WINDOW CLEANING

  All exterior windows shall be washed on the inside and outside surfaces at frequency necessary to maintain a first class appearance.

  E.	PEST CONTROL

  Pest control services for the exterior of the Building.

  The additional janitorial services set forth on Schedule C-l attached hereto will be performed by Landlord and the costs will be paid by Tenant as Additional Rent but with the costs separately allocated as a “Special Service” payable by Tenant and not subject to the Expense Cap set forth in Section 7.5(C) below (but without mark-up by Landlord).

  II.	HVAC

  A.	Heating, ventilating and air conditioning equipment will be provided in accordance with Section 11 of the Base Building Specifications attached as Schedule 1 to Exhibit B of the Lease. In the event Tenant introduces into the Premises personnel or equipment which overloads the system’s ability to adequately perform its proper functions, Landlord shall so notify Tenant in writing and supplementary system(s) may be required and installed by Landlord at Tenant’s expense, if within fifteen (15) days Tenant has not modified its use so as not to cause such overload.

  B.	Subject to the provisions of Section 7.7(A), Landlord shall provide heating, ventilating and air conditioning as normal seasonal changes may require twenty- four (24) hours per day, seven (7) days per week, provided, however, if Tenant shall require air conditioning (during the air conditioning season) or heating or ventilating outside of the normal operating hours of 7:00 a.m. to 9:00 p.m. Monday through Friday (legal holidays in all cases excepted) for the Building, Tenant shall make written request for such service delivered to the Building Superintendent or the Landlord before 3:00 p.m. of the business day preceding the after hours usage and such after hours usage will be provided without additional charge by Landlord (exclusive of the utility costs incurred with respect to such service). Regular HVAC service on Saturdays to Tenant’s customer service area in the Premises to be agreed upon.

  III.	ELECTRICAL SERVICES

  Page 2

  Exhibit C

  1265 Main Street Clarks Americas, Inc. Lease

   

  

   

  A.	Subject to the provisions of Section 7.7(A) of the Lease and any interruptions resulting from any fire or other casualty, Landlord shall provide electric power for a combined load of 5.0 watts per square foot of useable area for lighting and for office machines through standard receptacles for the typical office space twenty- four (24) hours per day, seven (7) days per week.

  B.	To the extent required by applicable Legal Requirements, Tenant shall be responsible to have any special equipment (such as computers and data center equipment) that requires either 3-phase electric power or any voltage other than 120 volts, or for any other usage in excess of 5.0 watts per square foot, separately metered or submetered in accordance with the terms of the Lease (Tenant being solely responsible for the costs of any such separate meter and the installation thereof) and for direct billing to Tenant for the electric power required for any such special equipment.

  C.	At Tenant’s option and expense (and not as part of Landlord’s Operating Expenses), Landlord will (i) furnish and install all replacement lighting tubes, lamps and ballasts required by Tenant, and (ii) clean lighting fixtures on a regularly scheduled basis.

  IV.	ELEVATORS

  Landlord shall provide passenger elevators in the Building, including at least one (1) freight elevator, in a manner consistent with similar Class A buildings in the Market Area, provided that (1) at least one (1) passenger elevator servicing the Premises shall be operational and available on a 24 hour, seven (7) day a week basis, and (2) only one (1) passenger elevator may be used as a freight elevator at any given time (and if only one (1) passenger elevator is then in service, such elevator may nonetheless also be used as a freight elevator but only outside of Normal Building Operating Hours).

  V.	WATER

  Subject to the provisions of Section 7.7(A) of the Lease and any interruptions resulting from Force Majeure or any fire or other casualty, provide (i) domestic hot water for lavatory purposes in core restrooms on the 2nd and 3rd floors, the lobby restroom on the lst floor and the shower facilities in the Fitness Facilities and (ii) domestic cold water for drinking, lavatory and toilet purposes (but not including the heating of hot water for kitchenettes, additional bathrooms or showers and other specialized areas within the Premises, which shall be at Tenant’s expense and not part of Landlord’s Operating Expenses) twenty-four (24) hours per day, seven (7) days per week.

  VI.	SECURITY: ACCESS

  Tenant shall have access to the Building, the Property and the Common Areas of the Property twenty-four (24) hours per day, seven (7) days per week, subject to reasonable security restrictions, Force Majeure and emergency conditions.

  Page 3

  Exhibit C

  1265 Main Street Clarks Americas, Inc. Lease

   

  

   

  Landlord will provide a conduit/power and hardware for the Building entry locations at the main entry door to the Building, the vestibule north side entry door on the 1st floor, the parking area and Fitness Facilities south entry doors and the Outdoor Terrace Area entry door. Tenant will be responsible to install perimeter card readers at such entry doors and to tie the card readers into Tenant’s access control system for the Premises as part of Tenant’s Work.

  Landlord will provide, through a third-party security services contactor, random security patrols of the building perimeter and parking areas during non-Building Hours, and, upon request from Tenant’s employees, an escort for Tenant’s employees to their vehicles in the parking areas during non-Building Hours (it being acknowledged and agreed that (x) this escort will be provided by the roving security guard assigned to patrol the Complex and other properties owned by Landlord and its affiliates and accordingly that there may be a variable waiting period between the time that the call is placed and the time that the security guard arrives on the Complex, and (y) the obligation to provide an escort service shall not apply to any mortgagee or subsequent third-party holder of the landlord’s interest in this Lease).

  VII.	SNOW REMOVAL

  Snow removal and treatment of ice will be performed by Landlord or Overlandlord or its respective contractors in a manner that is comparable to such service provided at similar Class A mixed-use buildings in the Market Area and subject to the applicable provisions of the Overlease and the Declaration.

  Nothing contained in this Exhibit C. including, without limitation, references to Section 7.7(A), shall limit or postpone Tenant’s express rights under Section 7.7(C) and Section 7.7(D) of the Lease.

   

  Page 4

  Exhibit C

  1265 Main Street Clarks Americas, Inc. Lease

   

  

   

  SCHEDULE C-l

  ADDITIONAL JANITORIAL SERVICES

BILLED AS SPECIAL SERVICES

  1)	Monthly pest control service for the interior of the Building.

  2)	Weekly service to the Outdoor Terrace (assumed to be by the landscape crew) to include watering of any potted plants and blow clean any lawn clippings or other debris from all hard surfaces.

  3)	Cleaning Services (in addition to your customary ones):

  NIGHTLY -

  Monday through Friday - cleaning of the shower and locker areas of the fitness center

  Monday through Friday - cleaning of the counters and tables, and removal of trash from the Cafe and

  four (4) kitchenettes

  Weekly - dust surfaces and damp mop resilient floor of the Model Shop 

  DAY PORTER -

  Monday through Friday Day Porter (for a minimum of 4 hours per day - preferably 10-2pm) whose duties would include:

  Lobby

  Check and clean main lobby
Clean Atrium glass doors & vestibule  

  Dust/Wipe down all lobby furniture

  Outdoor Terrace & Roof Deck (From April 1st to October 31st each year only and except during 
periods of inclement weather)

  Clean Glass vestibule and doors 
Check and Clean Seating Areas 
Clean Counters 
Collect and Remove Trash

  Restrooms & Fitness Center Shower Areas

  Clean Mirrors
Clean Toilets
Clean Sinks
Clean Counters    

  Empty Trash

  Check & replenish toilet paper rolls 

  Check & replenish paper towels 
Check & replenish hand soap

  Cafe and kitchenettes

  Clean counters 

  Clean tables 

  Clean sinks

  Wipe down microwaves Take trash out

  Other areas

  Page 5

  Exhibit C

  1265 Main Street Clarks Americas, Inc. Lease

   

  

   

  Check and clean conference rooms as needed, empty trash cans in rooms 
Check and clean Retail Store as needed, empty trash can 
Collect & throw out any empty boxes near trash areas

  Page 6

  Exhibit C

  1265 Main Street Clarks Americas, Inc. Lease

   

  

   

  EXHIBIT D

  FLOOR PLANS OF THE PREMISES

   

   

  Page 1

   Exhibit D
1265 Main Street Clarks Americas. Inc. Lease

  

   

   

   

  Page 2

   Exhibit D
1265 Main Street Clarks Americas. Inc. Lease

  

   

   

   

  Page 3

   Exhibit D
1265 Main Street Clarks Americas. Inc. Lease

  

   

   

   

  Page 4

   Exhibit D
1265 Main Street Clarks Americas. Inc. Lease

  

   

   

   

   

   

  Page 5

   Exhibit D
1265 Main Street Clarks Americas. Inc. Lease

  

   

  EXHIBIT E

   

  DECLARATION AFFIXING THE COMMENCEMENT DATE OF LEASE

  THIS AGREEMENT made this ____ day of __________________, 20 __, by and between [LANDLORD] (hereinafter “Landlord”) and [TENANT] (hereinafter “Tenant”).

  WITNESSETH THAT:

  1.	This Agreement is made pursuant to Section [3.1] of that certain Lease dated [date], between Landlord and Tenant (the “Lease”).

  2.	It is hereby stipulated that the Lease Term commenced on [commencement date], (being the “Commencement Date” under the Lease), and shall end and expire on [expiration date], unless sooner terminated or extended, as provided for in the Lease.

   

  WITNESS the execution hereof under seal by persons hereunto duly authorized, the date first above written.

  				
	 
	LANDLORD:
1265 MAIN OFFICE SUBSIDIARY LLC

	 
	 
	By:
	 

	 
	 
	Name:
	 

	 
	 
	Title:
	 

   

  						
	ATTEST:
	TENANT:
CLARKS AMERICAS, INC., a Delaware corporation

	By.
	 
	By:
	 

	Name:
	 
	Name:
	 

	Title:
	 
	Title:
	 

	 
	 
	Hereunto duly authorized

  Page 1

  Exhibit E 
1265 Main Street Clarks Americas. Inc. Lease

   

  

   

  EXHIBIT F

   

  [Intentionally Omitted]

   

  Page 1

  Exhibit F 
1265 Main Street Clarks Americas. Inc. Lease

   

   

  

   

  EXHIBIT G

  FORMS OF LIEN WAIVERS

  CONTRACTOR’S PARTIAL WAIVER AND SUBORDINATION OF LIEN

  STATE OF _______________________________                 Date:                          _______________________________		

  __________________________________	COUNTY                   Application for Payment No.: ____________________	                                     	                                        

  					
	OWNER:
	 

	CONTRACTOR:
	 

	LENDER/MORTGAGEE: 
	None

	1.
	Original Contract Amount:
	$
	 

	2.
	Approved Change Orders:
	$
	 

	3.
	Adjusted Contract Amount:
	$
	 

	 
	(line 1 plus line 2)
	 
	 

	4.
	Completed to Date:
	$
	 

	5.
	Less Retainage:
	$
	 

	6.
	Total Payable to Date:
	$
	 

	 
	(line 4 less line 5)
	 

	7.
	Less Previous Payments:
	$
	 

	8.
	Current Amount Due:
	$
	 

	 
	(line 6 less line 7)
	 

	9.
	Pending Change Orders:
	$
	 

	10.
	Disputed Claims:
	$
	 

   

  The undersigned who has a contract with _______________________________ for furnishing labor or materials or both labor and materials or rental equipment, appliances or tools for the erection, alteration, repair or removal of a building or structure or other improvement of real property known and identified as located in	_________________ (city or town), _________________ County, ______________________ and owned by ___________________, upon receipt of ___________________ ($_______) in payment of an invoice/requisition/application for payment dated ___________________does hereby:

  Page 1

  Exhibit G 
1265 Main Street Clarks Americas. Inc. Lease

   

   

   

  

   

  (a)	waive any and all liens and right of lien on such real property for labor or materials, or both labor and materials, or rental equipment, appliances or tools, performed or furnished through the following date ___________________ (payment period), except for retainage, unpaid agreed or pending change orders, and disputed claims as stated above;

   

  (b)	subordinate any and all liens and right of lien to secure payment for such unpaid, agreed or pending change orders and disputed claims, and such further labor or materials, or both labor and materials, or rental equipment, appliances or tools, except for retainage, performed or furnished at any time through the twenty-fifth day after the end of the above payment period, to the extent of the amount actually advanced by the above lender/mortgagee through such twenty-fifth day.

  Signed under the penalties of perjury this _________day of __________, 20__.

   

   

  					
	WITNESS:
	CONTRACTOR:
	 

	 
	 
	 

	 
	 
	 

	 
	 
	 

	Name:
	 
	Name :
	 
	 

	Title:
	 
	Title:
	 
	 

   

  Page 2

  Exhibit G 
1265 Main Street Clarks Americas. Inc. Lease

   

   

  

   

  SUBCONTRACTOR’S LIEN WAIVER

  		
	General Contractor:
	 

	Subcontractor:
	 

	Owner:
	 

	Project:
	 

   

  			
	Total Amount Previously Paid:
	$
	 

	Amount Paid This Date:
	$
	 

	Retainage (Including This Payment) Held to Date:
	$
	 

   

  In consideration of the receipt of the amount of payment set forth above and any and all past payments received from the Contractor in connection with the Project, the undersigned acknowledges and agrees that it has been paid all sums due for all labor, materials and/or equipment furnished by the undersigned to or in connection with the Project and the undersigned hereby releases, discharges, relinquishes and waives any and all claims, suits, liens and rights under any Notice of Identification, Notice of Contract or statement of account with respect to the Owner, the Project and/or against the Contractor on account of any labor, materials and/or equipment furnished through the date hereof.

  The undersigned individual represents and warrants that he is the duly authorized representative of the undersigned, empowered and authorized to execute and deliver this document on behalf of the undersigned and that this document binds the undersigned to the extent that the payment referred to herein is received.

  The undersigned represents and warrants that it has paid in full each and every sub-subcontractor, laborer and labor and/or material supplier with whom undersigned has dealt in connection with the Project and the undersigned agrees at its sole cost and expense to defend, indemnify and hold harmless the Contractor against any claims, demands, suits, disputes, damages, costs, expenses (including attorneys’ fees), liens and/or claims of lien made by such sub-subcontractors, laborers and labor and/or material suppliers arising out of or in any way related to the Project. This document is to take effect as a sealed instrument.

   

  Page 3

  Exhibit G 
1265 Main Street Clarks Americas. Inc. Lease

   

   

   

   

  

   

  Signed under the penalties of perjury as of this ________day of	_________________, 20__.

  			
	SUBCONTRACTOR:
	Signature and Printed Name of Individual
Signing this Lien Waiver

	 
	 

	 
	 

	 
	 

	 
	 

	WITNESS:
	 

	 
	 

	Name:
	 
	 

	Title:
	 
	 

	Dated:
	 
	 

   

   

  Page 4

  Exhibit G 
1265 Main Street Clarks Americas. Inc. Lease

   

   

  

   

  CONTRACTOR’S WAIVER OF CLAIMS AGAINST OWNER AND ACKNOWLEDGMENT

  OF FINAL PAYMENT

   

  							
	Commonwealth of Massachusetts
	 
	 
	 
	Date :
	 

	COUNTY OF
	 
	 
	Invoice No.:
	 

   

  						
	OWNER:
	 

	CONTRACTOR:
	 

	PROJECT:
	 

	1.
	Original Contract Amount:
	$
	 

	2.
	Approved Change Orders:
	$
	 

	3.
	Adjusted Contract Amount:
	$
	 

	4.
	Sums Paid on Account of Contract Amount:
	$
	 

	5.
	Less Final Payment Due:
	$
	 

   

  The undersigned being duly sworn hereby attests that when the Final Payment Due as set forth above is paid in full by Owner, such payment shall constitute payment in full for all labor, materials, equipment and work in place furnished by the undersigned in connection with the aforesaid contract and that no further payment is or will be due to the undersigned.

  The undersigned hereby attests that it has satisfied all claims against it for items, including by way of illustration but not by way of limitation, items of: labor, materials, insurance, taxes, union benefits, equipment, etc. employed in the prosecution of the work of said contract, and acknowledges that satisfaction of such claims serves as an inducement for the Owner to release the Final Payment Due.

  The undersigned hereby agrees to indemnify and hold harmless the Owner from and against all claims arising in connection with its Contract with respect to claims for the furnishing of labor, materials and equipment by others. Said indemnification and hold harmless shall include the reimbursement of all actual attorney’s fees and all costs and expenses of every nature, and shall be to the fullest extent permitted by law.

  The undersigned hereby irrevocably waives and releases any and all liens and right of lien on such real property and other property of the Owner for labor or materials, or both labor and materials, or rental equipment, appliances or tools, performed or furnished by the undersigned, and anyone claiming by, through, or under the undersigned, in connection with the Project.

  Page 5

  Exhibit G 
1265 Main Street Clarks Americas. Inc. Lease

   

   

  

   

  The undersigned hereby releases, remises and discharges the Owner, any agent of the Owner and their respective predecessors, successors, assigns, employees, officers, shareholders, directors, and principals, whether disclosed or undisclosed (collectively “Releasees”) from and against any and all claims, losses, damages, actions and causes of action (collectively “Claims”) which the undersigned and anyone claiming by, through or under the undersigned has or may have against the Releasees, including, without limitation, any claims arising in connection with the Contract and the work performed thereunder.

  Notwithstanding anything to the contrary herein, payment to the undersigned of the Final Payment Due sum as set forth above, shall not constitute a waiver by the Owner of any of its rights under the contract including by way of illustration but not by way of limitation guarantees and/or warranties. Payment will not be made until a signed waiver is returned to Owner.

  The undersigned individual represents and warrants that he/she is the duly authorized representative of the undersigned, empowered and authorized to execute and deliver this document on behalf of the undersigned.

   

  Page 6

  Exhibit G 
1265 Main Street Clarks Americas. Inc. Lease

   

   

   

  

   

  Signed under the penalties of perjury as a sealed instrument as of this ___ day of

                                                     ,           . 

                                                Corporation

   

  			
	By:
	 
	 

	Name:
	 
	 

	Title:
	 
	 

	 
	Hereunto duly authorized
	 

   

  COMMONWEALTH OF MASSACHUSETTS

  COUNTY OF SUFFOLK

         On this ___ day of	____________, 20__, before me, the undersigned notary public, personally appeared _________________________, proved to me through satisfactory evidence of identification, to be the person whose name is signed on the preceding or attached document, and acknowledged to me that he/she signed it as                	for                      , a corporation/partnership voluntarily for its stated purpose.

   

   

   

  NOTARY PUBLIC 

  My Commission Expires:

   

  Page 7

  Exhibit G 
1265 Main Street Clarks Americas. Inc. Lease

   

   

   

  

   

  EXHIBIT H

  BROKER DETERMINATION OF PREVAILING MARKET RENT

  Where in the Lease to which this Exhibit is attached provision is made for a Broker Determination of Prevailing Market Rent, the following procedures and requirements shall apply:

  1.Definition of Prevailing Market Rent. “Prevailing Market Rent” shall mean the annual fair market rental value of the Premises in connection Tenant’s exercise of its options under Section 3.2, Section 2.4 or Section 18.3 as applicable of the Lease. Such annual fair market rental value determination (a) may include provision for annual increases in rent during the Lease Term or the Extended Term, as applicable, if so determined, (b) shall take account of, and be expressed in relation to, the payment in respect of taxes and operating costs and provisions for paying for so-called tenant electricity as contained in this Lease, (c) shall be based on comparable office lease transactions with third party tenants for office space in the Building and in comparable first class office buildings in the Market Area, and (d) shall take into account all relevant factors as determined by the brokers selected in accordance with the provisions hereof.

  2.Tenant’s Request. Tenant shall send a notice to Landlord in accordance with Section 3.2 of the Lease, requesting a Broker Determination of the Prevailing Market Rent, which notice to be effective must (i) make explicit reference to the Lease and to the specific section of the Lease pursuant to which said request is being made, (ii) include the name of a broker selected by Tenant to act for Tenant, which broker shall be affiliated with a major Boston commercial real estate brokerage firm selected by Tenant and which broker shall have at least ten (10) years’ experience dealing in properties of a nature and type generally similar to the Building located in the Market Area, and (iii) explicitly state that Landlord is required to notify Tenant within thirty (30) days of an additional broker selected by Landlord.

  2.Landlord’s Response. Within thirty (30) days after Landlord’s receipt of Tenant’s notice requesting the Broker Determination and stating the name of the broker selected by Tenant, Landlord shall give written notice to Tenant of Landlord’s selection of a broker having at least the affiliation and experience referred to above.

  3.Selection of Third Broker. Within ten (10) days thereafter the two (2) brokers so selected shall select a third such broker also having at least the affiliation and experience referred to above.

  4.Rental Value Determination. Within thirty (30) days after the selection of the third broker, the three (3) brokers so selected, by majority opinion, shall make a determination of the fair market rental value of the Premises for the Extended Term. The brokers shall advise Landlord and Tenant in writing by the expiration of said thirty (30) day period of the annual fair market rental value which as so determined shall be referred to as the “Prevailing Market Rent.”

  Page 1

  Exhibit H 
1265 Main Street Clarks Americas. Inc. Lease

   

   

   

  

   

  5.Resolution of Broker Deadlock. If the Brokers are unable to agree at least by majority on a determination of annual fair market rental value, then the brokers shall send a notice to Landlord and Tenant by the end of the thirty (30) day period for making said determination setting forth their individual determinations of annual fair market rental value, and the highest such determination and the lowest such determination shall be disregarded and the remaining determination shall be deemed to be the determination of annual fair market rental value and shall be referred to as the Prevailing Market Rent.

  6.Costs. Each party shall pay the costs and expenses of the broker selected by it and each shall pay one half (1/2) of the costs and expenses of the third broker.

  7.Failure to Select Broker or Failure of Broker to Serve. If Tenant shall have requested a Broker Determination and Landlord shall not have designated a broker within the time period provided therefor above and such failure shall continue for more than ten (10) days after notice thereof, then Tenant’s broker shall alone make the determination of the Prevailing Market Rent in writing to Landlord and Tenant within thirty (30) days after the expiration of Landlord’s right to designate a broker hereunder. If Tenant and Landlord have both designated brokers but the two brokers so designated do not, within a period of fifteen (15) days after the appointment of the second broker, agree upon and designate the third broker willing so to act, the Tenant, the Landlord or either broker previously designated may request the Boston Bar Association (or such organization as may succeed to the Boston Bar Association) to designate the third broker willing so to act and a broker so appointed shall, for all purposes, have the same standing and powers as though he had been reasonably appointed by the brokers first appointed. In case of the inability or refusal to serve of any person designated as a broker, or in case any broker for any reason ceases to be such, a broker to fill such vacancy shall be appointed by the Tenant, the Landlord, the brokers first appointed or the Boston Bar Association, as the case may be, whichever made the original appointment, or if the person who made the original appointment fails to fill such vacancy, upon application of any broker who continues to act or by the Landlord or Tenant such vacancy may be filled by the said Boston Bar Association, and any broker so appointed to fill such vacancy shall have the same standing and powers as though originally appointed.

   

   

  Page 2

  Exhibit H 
1265 Main Street Clarks Americas. Inc. Lease

   

  

   

  EXHIBIT I

  LIST OF MORTGAGES

  None.

   

   

   

  Page 1

  Exhibit I 
1265 Main Street Clarks Americas. Inc. Lease

   

   

   

  

   

  EXHIBIT J

   

  FORM OF CERTIFICATE OF INSURANCE

    

  Page 1

  Exhibit J 
1265 Main Street Clarks Americas. Inc. Lease

   

   

   

   

  

   

  
Page 2

  Exhibit J 
1265 Main Street Clarks Americas. Inc. Lease

   

   

  

   

  EXHIBIT K-l

   

  BUILDING SIGNAGE

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

  Page 1

  Exhibit K-1
1265 Main Street Clarks Americas. Inc. Lease

   

  

   

  EXHIBIT K-2

  MONUMENT SIGNAGE

   

   

  Page 1

  Exhibit K-2
1265 Main Street Clarks Americas. Inc. Lease

   

  

   

  EXHIBIT L

  FORM OF NOTICE OF LEASE

  Notice is hereby given, pursuant to the provisions of Massachusetts General Laws Chapter 183, Section 4, of the following Lease:

  			
	LANDLORD:
	1265 MAIN OFFICE SUBSIDIARY LLC 
	 

	TENANT:
	CLARKS AMERICAS, INC.
	 

	DATE OF EXECUTION:
	                 , 2015
	 

	ORIGINAL TERM
COMMENCEMENT
DATE:
	 
	 

	DESCRIPTION OF LEASED PREMISES:
	 
	 

	ORIGINAL TERM:
	 
	 

	EXTENSION RIGHTS:
	 
	 

	EXPANSION RIGHTS:
	 
	 

  The foregoing is a summary of certain terms of the Lease for purposes of giving notice thereof, and shall not be deemed to modify or amend the terms of the Lease. For Landlord’s title to the Property, see deed recorded with the Middlesex South District Registry of Deeds in Book        , Page              .

  Executed as a sealed instrument on this ______ day of ________________, 2015.

   

  				
	WITNESS:
	LANDLORD:

	 
	 

	 
	1265 MAIN OFFICE SUBSIDIARY LLC, a

	 
	Delaware limited liability company

	 
	By:
	 

	 
	Name:
	 

	 
	Title:
	 

	 
	 

	 
	TENANT:

	 
	 

	WITNESS:
	CLARKS AMERICAS, INC., a ______________

	 
	corporation

	 
	 

	 
	By:
	 

	 
	Name:
	 

	 
	Title:
	 

   

  Page 1

  Exhibit L
1265 Main Street Clarks Americas. Inc. Lease

   

  

   

    

  			
	 
	 
	Hereunto duly authorized

	WITNESS:
	 
	 

	 
	 
	 

	 
	By:
	 

	 
	Name:
	 

	 
	Title:
	 

   

   

   

  Page 2

  Exhibit L
1265 Main Street Clarks Americas. Inc. Lease

   

  

   

   

  COMMONWEALTH OF MASSACHUSETTS )

                                                                               )

  COUNTY OF ____________________             )

  On this ______ day of ___________, 2015, before me, the undersigned notary public, personally appeared ____________________, proved to me through satisfactory evidence of identification, which were  ____________________, to be the person whose name is signed on the preceding or attached document and acknowledged to me that (he)(she) signed it voluntarily for its stated purpose, as  ____________________ for [TBD], the sole general partner of [TBD], the sole member of [TBD].

  (Official Signature and Seal of Notary)

  My Commission Expires:  __________________________

  COMMONWEALTH OF MASSACHUSETTS )

                                                                               )

  COUNTY OF____________________              )

  On this ______ day of __________, 2015, before me, the undersigned notary public, personally appeared ____________________, proved to me through satisfactory evidence of identification, which were ____________________, to be the person whose name is signed on the preceding or attached document and acknowledged to me that (he)(she) signed it voluntarily  for its stated purpose, as	____________________ for Clarks Americas, Inc.

   

  (Official Signature and Seal of Notary) 

  My Commission Expires: ________________________

   

  Page 3

  Exhibit L
1265 Main Street Clarks Americas. Inc. Lease

   

  

   

  SCHEDULE A

   

  Legal Description of Property

   

   

  Page 4

  Exhibit L
1265 Main Street Clarks Americas. Inc. Lease

   

  

   

  EXHIBIT M

   

  LOCATION OF OUTDOOR TERRACE AREA

   

   

  Page 1

  Exhibit M
1265 Main Street Clarks Americas. Inc. Lease

   

  

   

   

   

   

   

   

   

  Page 2

  Exhibit M
1265 Main Street Clarks Americas. Inc. Lease

   

   

  

   

   

  EXHIBIT N

  FORM OF TENANT GUARANTY
 

  GUARANTY OF LEASE
 

  THIS GUARANTY is made as of the _____ day of __________ 2015 (“Effective Date”) by C & J CLARK LIMITED, a company incorporated and registered in England and Wales with company number 3314066 (“Guarantor”), whose registered office is at 40 High Street, Somerset, BA 16 OEQ England, Attention: Company Secretary and Head of Legal, to 1265 Main Office Subsidiary LLC (“Landlord”), having an address at c/o Boston Properties, Inc., 800 Boylston Street, Boston, Massachusetts 02199.

  WHEREAS, Landlord has leased to Clarks Americas, Inc. (“Tenant”) the entire leasable rentable area (the “Premises”) of the building located at 1265 Main Street, Waltham, Massachusetts, pursuant to that certain lease by and between Landlord and Tenant dated as of the date hereof (the “Lease”); and

  WHEREAS, Guarantor is materially benefited by the Lease and Landlord’s execution of the Lease constitutes good, valuable and sufficient consideration for Guarantor’s execution of this Guaranty; and

  WHEREAS, the undertaking by Guarantor to execute and deliver this Guaranty is a material inducement to Landlord to enter into the Lease.

  NOW, THEREFORE, in consideration of these premises, and of other good and valuable consideration, the receipt and sufficiency of which hereby are acknowledged, Guarantor agrees with Landlord as follows:

  1.	(a) 	Guarantor unconditionally and irrevocably guarantees the due and

  punctual payment of rent, operating expenses, additional rent and all other sums payable by Tenant pursuant to the terms and conditions of the Lease including any amendments thereto. If for any reason any sums described herein pursuant to the terms and conditions of the Lease shall not be paid promptly when due (“Payment Breach”), Guarantor will, within five (5) business days after notice from Landlord to Guarantor (or any later time if provided by the Lease), cure a Payment Breach by paying the same to the person entitled thereto pursuant to the Lease regardless of (i) whether Landlord shall have taken any steps to enforce any rights against Tenant or any other person to collect such sum or any part thereof, (ii) the termination of the Lease, or (iii) any Tenant’s petition in any court, whether or not pursuant to any statute of the United States or any State, in any bankruptcy, reorganization, composition, extension, arrangement or insolvency proceeding or receiver, guardian, conservator, trustee in involuntary bankruptcy or other similar officer is appointed to take charge of all or any substantial part of Tenant’s property by a court of competent jurisdiction (each a “Bankruptcy Event”). Guarantor also agrees to pay

   

  Page 1

  Exhibit N
1265 Main Street Clarks Americas. Inc. Lease

  

   

  to Landlord the cost of collecting any sums described herein and all other reasonable costs of enforcing this Guaranty, including, without limitation, court costs and attorneys’ fees.

  (b)	Guarantor unconditionally and irrevocably guarantees the due and prompt performance and observance of each and every covenant, obligation and agreement in the Lease required to be performed and observed by Tenant under the Lease. If for any reason Tenant shall fail to perform or observe each and every covenant, obligation and agreement required to be performed and observed by Tenant (other than a Payment Breach as described above) as set forth in the Lease (“Non-Monetary Breach”), Guarantor will, promptly after notice thereof from Landlord, cause such covenant, obligation or agreement to be performed and observed in accordance with the terms of the Lease regardless of (i) whether Landlord shall have taken any steps to enforce such covenant, obligation or agreement against Tenant or any other person, (ii) the termination of the Lease, or (iii) any Bankruptcy Event. Guarantor also agrees to pay to Landlord such further amount as shall be incurred by Landlord as a result of Tenant’s failure to perform or observe any covenant, obligation or agreement and all other reasonable costs of enforcing this Guaranty, including, without limitation, court costs and reasonable attorney’s fees.

  (c)	Guarantor further agrees to be liable to Landlord for all damages, costs and expenses (including without limitation, court costs and reasonable attorney’s fees) suffered by Landlord on account of any default by Tenant under the Lease but subject to any limitations expressly set forth in the Lease. Landlord shall look solely to the assets of Guarantor to enforce Guarantor’s obligations under this Guaranty and no partner, shareholder, director, officer, principal, member, manager, representative, employee or agent, directly and indirectly, if Guarantor shall be personally liable for the performance of Guarantor’s obligations under this Guaranty and, except for Tenant’s liability under Section 16.18 of the Lease, in no event shall Guarantor ever be liable to Landlord for any indirect or consequential damages or loss of profits or the like. All amounts owed by Guarantor to Landlord under this Guaranty shall bear interest at the Default Rate (as defined in the Lease) from the date due until the date paid to Landlord.

  (d)	This Guaranty (i) is irrevocable, unconditional and absolute, (ii) is a guaranty of full payment and performance (and not merely collection), and (iii) and is a continuing guaranty (and not a guaranty from month-to-month or a periodic guaranty).

  (e)	Guarantor assumes the responsibility to remain informed of the financial condition of Tenant and of all other circumstances bearing upon the risk of Tenant’s default, which reasonable inquiry would reveal, and agrees that Landlord shall have no duty to advise Guarantor of information known to it regarding such condition or any such circumstance.

                 2.	(a) 	The obligations, covenants and agreements of Guarantor under this Guaranty shall in no way be affected or impaired for any reason whatsoever, and Guarantor shall have no defense whatsoever to the enforcement of this Guaranty, including without limitation, by reason of the happening from time to time of any of the following, whether or not Guarantor has been notified thereof or consented thereto:

  Page 2

  Exhibit N
1265 Main Street Clarks Americas. Inc. Lease

  

   

  (i)	the waiver by Landlord of the performance or observance by Tenant, Guarantor or any other party of any of the agreements, covenants or conditions contained in the Lease or this Guaranty;

  (ii)	payment by Tenant or Guarantor of any sums owing or payable under the Lease or this Guaranty;

  (iii)	any assignment of the Lease or subletting of the Premises or any part thereof and this Guaranty may not be assigned without Landlord’s express consent;

  (iv)	the modification or amendment (whether material or otherwise) of any of the obligations of Tenant or Guarantor under the Lease or this Guaranty;

  (v)	the doing or the omission of any of the acts referred to in the Lease or this Guaranty (including, without limitation, the giving of any consent referred to therein);

  (vi)	any failure, omission or delay on the part of Landlord to enforce, to assert or to exercise any right, power or remedy conferred on or available to Landlord in or by the Lease or this Guaranty, or any action on the part of Landlord granting indulgence or extension in any form whatsoever;

  (vii)	the voluntary or involuntary liquidation, dissolution or sale of all or substantially all of the assets, marshalling of assets and liabilities, receivership, conservatorship, insolvency, bankruptcy, assignment for the benefit of creditors, reorganization, arrangement, composition or readjustment of, or other similar proceeding affecting Tenant or Guarantor or any of their assets;

  (viii)	the release of Tenant or Guarantor from the performance or observation of any of the agreements, covenants, terms or conditions contained in the Lease or this Guaranty by operation of law;

  (ix)	any renewal or extension of the term of the Lease;

  (x)	the breach of or the default under the Lease by Tenant;

  (xi)	any invalidity, illegality or unenforceability of the Lease, or the termination or expiration of the Lease;

  (xii)	the single or partial exercise of Landlord’s rights under this

  Guaranty.

  (b)	To the extent not prohibited by law, Guarantor hereby expressly waives (i) any right Guarantor may now or hereafter have to any hearing prior to the attachment of any real or personal property of Guarantor to satisfy the obligations of Guarantor hereunder and (ii) the benefits of any present or future constitution, statute or rule of law which exempts property from liability for debt.

   

  Page 3

  Exhibit N
1265 Main Street Clarks Americas. Inc. Lease

  

   

  3.	Guarantor hereby expressly waives:

  (a)	the protection of any statute or rule of law requiring Landlord to deliver any notice to Guarantor or to pursue or exhaust any remedies against Tenant prior to proceeding against Guarantor in the event of default by Tenant under the Lease; and

  (b)	Except for the notices provided in Subsections 1 (a) and 1 (b) of this Guaranty, notice of acceptance of this Guaranty, notice of any obligations or liabilities contracted or incurred by Tenant, diligence, presentment, protest and notice of dishonor, nonpayment or non-performance.

  Guarantor, separate and distinct from Tenant, further waives any defense arising by reason of any disability of Tenant or by reason of any legal or equitable releases or discharge of the obligations of Tenant under the Lease. Guarantor further agrees that, in its capacity as a guarantor, it shall not be required to consent to or to receive any notice of any supplement to or amendment of or waiver or modification of the terms and provisions of the Lease.

  4.	Guarantor hereby represents and warrants that:

  (a)	Guarantor is a company incorporated and registered in England and Wales with company 
number 3314066;

  (b)	The execution, delivery and performance of this Guaranty are within Guarantor’s power and authority, do not contravene the charter or the by-laws of Guarantor or any indenture, mortgage, credit agreement, note, long-term lease or other material agreement to which Guarantor is a party or by which Guarantor is bound; and

  (c)	This Guaranty has been duly authorized, executed and delivered on behalf of Guarantor and constitutes a legal, valid, binding and enforceable obligation of Guarantor.

  5.	(a) In the event of the termination, rejection, disaffirmance or other avoidance of the Lease by Tenant or Tenant’s trustee in bankruptcy pursuant to bankruptcy law or any other law affecting creditors’ rights, Guarantor’s obligations hereunder shall continue to the same extent as if the Lease had not been so terminated, rejected, disaffirmed or otherwise avoided, and Guarantor will, and hereby does (without the necessity of any further agreement or act), assume all obligations and liabilities of Tenant under the Lease to the same extent as if (i) Guarantor were originally named Tenant under the Lease, and (ii) there had been no such rejection, disaffirmance or other avoidance, and Guarantor will confirm such assumption in writing promptly at the request of Landlord upon or after such rejection, disaffirmance or other avoidance. Guarantor shall and does hereby waive all rights and benefits which might, in whole or in part, relieve Guarantor from the performance of its duties and obligations under this Guaranty by reason of any bankruptcy, insolvency, reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar proceeding, and Guarantor agrees that it is and shall be liable for all payment and performance guaranteed hereunder, without regard to any modification, limitation or discharge of the liability of Tenant that may result from such proceedings. Furthermore, the obligations of Guarantor hereunder will not be discharged by:

   

  Page 4

  Exhibit N
1265 Main Street Clarks Americas. Inc. Lease

  

   

  (i) 	any waiver, consent or other action or inaction or any exercise or non-exercise of any right, remedy or power with respect to Tenant or any change in the structure of Tenant; or

  (ii)	any change in ownership of the shares of capital stock of

  Guarantor or Tenant or any other merger or consolidation of either of them into or with any other person.

  (b)	 No payment by Guarantor pursuant to any provision of this Guaranty shall entitle Guarantor, by subrogation, indemnification or otherwise, to the rights of Landlord, to any payment by Tenant, or to any recovery from any property of Tenant. Guarantor waives any right Guarantor may now or hereafter have against Tenant (and/or any other guarantor of Tenant’s obligations under the Lease) with respect to this Guaranty (including, without limitation, any right of subrogation, reimbursement, exoneration, contribution, indemnification or similar right, and any right to participate in any claim, right or remedy of Landlord against Tenant or any security which Landlord may now or hereafter have with respect to the Lease), whether such right arises under an express or implied contract, by operation of law, or otherwise. Guarantor shall be deemed not to be a “creditor” of Tenant by reason of the existence of this Guaranty in the event that Tenant becomes a debtor in any bankruptcy proceeding. The obligations of Guarantor hereunder shall be automatically reinstated if and to the extent that any payment by or on behalf of Tenant under the Lease is rescinded or must otherwise be restored by Landlord as a result of any proceeding in bankruptcy or reorganization or similar proceedings. In the event action is taken against the Guarantor, in addition to the attorneys’ fees and costs for which the Guarantor is liable to the Landlord arising from the Tenant’s breach, all reasonable attorneys’ fees and costs incurred in addition thereto in taking action and pursuing it against the Guarantor shall be paid by the Guarantor. The Landlord may file an affidavit from its attorney with the court as to such attorneys’ fees past, present, and to be reasonably incurred in future activity, and the court may act upon the affidavit; Guarantor hereby waives any hearing as to the issue of attorneys’ fees.

  6.	(a) 	This Guaranty shall be construed in accordance with the laws of the

  Commonwealth of Massachusetts (without regard to the application of choice of law principles).

  (b) 	Guarantor represents, warrants and covenants that all financial information regarding Guarantor that has been delivered to Landlord is true, correct and complete in all material respects as of the date reflected in such financial information. Upon receipt of a written request from Landlord (which may be delivered not more frequently than once per calendar year except in connection with a proposed sale or financing of the Property), Guarantor shall deliver to Landlord, within ten (10) business days’ following Landlord’s request, Guarantor’s consolidated financial statements, audited by Chartered Accountants in their role as Statutory Auditor (or a similarly qualified accountant), for the then most currently available fiscal year stating, among other things, Guarantor’s revenues and net income, net worth/assets and liabilities. Guarantor shall make a senior member of its finance team available to answer any questions Landlord may have concerning such financial statements and shall deliver any additional information reasonably requested by Landlord to clarify or verify the data shown on the statements provided pursuant to the preceding sentence, provided Landlord agrees to be 

  Page 5

  Exhibit N
1265 Main Street Clarks Americas. Inc. Lease

  

   

  bound by the confidentiality provisions of Section 16.8 of the Lease with respect to such information.

  (c)	This Guaranty may not be modified or amended except by a written agreement duly executed by Guarantor and Landlord.

  (d)	Guarantor’s liability hereunder shall be personal and primary and not secondary, and shall be joint and several with that of Tenant and any other guarantors. No waiver, release or modification of the obligations of any such person or entity shall affect the obligations of any other such person or entity. Landlord may proceed against Guarantor under this Guaranty without first initiating or exhausting its remedy or remedies against Tenant or any other guarantors. Landlord may proceed against Tenant, Guarantor and any other guarantors separately or concurrently. Notwithstanding anything in the Lease or this Guaranty to the contrary, Landlord shall have the right to apply or not apply any security deposit or other credit in favor of Tenant as Landlord shall determine in its sole and absolute discretion, and Guarantor’s liability under this Guaranty shall not be affected in any manner thereby. All remedies afforded to Landlord by reason of this Guaranty are separate and cumulative.

   

  (e)	Within ten (10) business days after Landlord’s written request to Guarantor, Guarantor shall execute and deliver to Landlord a statement in writing confirming reasonable amendments to the Lease that have been mutually agreed upon in writing by Landlord and Tenant, any reasonable amendments to this Guaranty that have been mutually agreed upon in writing by Landlord and Guarantor, whether this Guaranty is in full force and effect, and any reasons or defenses supporting any claim that this Guaranty is not in full force and effect.

  (f)	Any notice which Landlord may elect to send to Guarantor shall be binding upon Guarantor if mailed to Guarantor at the address set forth below or at the last address of Guarantor known to Landlord, by internationally recognized overnight delivery service with receipted evidence of delivery.

  Guarantor’s Address:

  C & J Clark Limited

  Attention: Company Secretary and Head of Legal 
40 High Street 
Somerset BA 16 OEQ 
England

  With a copy of such notice simultaneously sent to: (a) Tenant at the address set forth in and the manner provided in the Lease or such other address as may be designated from time to time as provided in the Lease and (b) Eric R. Allon, Esquire, Bemkopf Goodman LLP, Two Seaport Lane, 9th Floor, Boston, MA 02210 in the manner for notices as provided in the Lease or such other address as may be designated from time to time as provided in the Lease.

  (g)	This Guaranty shall be binding upon Guarantor and its successors and assigns. This Guaranty shall inure to the benefit of, and may be enforced by Landlord and its successors 

  Page 6

  Exhibit N
1265 Main Street Clarks Americas. Inc. Lease

  

   

  and assigns, including any purchaser at a foreclosure sale or the holder of any deed in lieu of foreclosure. Any references in this Guaranty to “Tenant” shall include the named Tenant and its trustee in bankruptcy, receiver, conservator and other successors and assigns. Notwithstanding anything contained herein to the contrary, Landlord shall look solely to the assets of Guarantor to enforce Guarantor’s obligations under this Guaranty and no partner, shareholder, director, officer, principal, employee or agent, directly and indirectly, of Guarantor shall be personally liable for the performance of Guarantor’s obligations under this Guaranty and, except for Tenant’s liability under Section 16.18 of the Lease, in no event shall Guarantor ever be liable to the Landlord for any indirect or consequential damages or loss of profits or the like.

  (h)	For the purposes of this Guaranty, all capitalized terms used herein shall have the meaning set forth in the Lease.

  (i)	In the event any provision of this Guaranty is held to be invalid or unenforceable, all other provisions of this Guaranty shall, nevertheless, remain valid and enforceable.

  (j)	Section and paragraph headings in this Guaranty are included herein for convenience of reference only and shall not modify, define, expand or limit any of the terms or provisions of this Guaranty.

  (k)	GUARANTOR AND LANDLORD EACH HEREBY WAIVES TRIAL BY JURY IN ANY PROCEEDING, BROUGHT ON, UNDER OR BY VIRTUE OF THIS GUARANTY.

  (l)	Notwithstanding any other provision of this Guaranty or the Lease, Guarantor and Landlord hereby agree that any dispute, controversy or claim against Guarantor relating to enforcement of this Guaranty, including the formation, interpretation, breach or termination thereof, including whether the claims asserted are arbitrable, will be referred to and finally determined by arbitration in accordance with the JAMS International Arbitration Rules. The tribunal will consist of three arbitrators to be selected by JAMS. The place of arbitration will be the jurisdiction in which the Property is located. The language to be used in the arbitral proceedings will be English. Judgment upon the award rendered by the arbitrator may be entered by any court having jurisdiction thereof. Guarantor appoints C T Corporation System, 155 Federal Street, Suite 700,_Boston, MA 02110, as Guarantor’s agent for receipt of service of any notice on Guarantor’s behalf in connection with any claim, writ, attachment, execution or discovery or supplementary proceedings in connection with the enforcement of this Guaranty. Service of any claim or notice shall be effected by mailing, postage prepaid, by certified mail, return receipt requested, or by a recognized international overnight courier service such as Federal Express, both to Guarantor’s agent at the foregoing address and to Guarantor as provided in Section 6(f) of this Agreement. Service shall be deemed effective upon receipt. This consent to arbitration is not intended to modify the provisions in the Lease providing for the jurisdiction of the courts located in Massachusetts to decide matters relating to disputes between Landlord and Tenant arising out of the Lease or Tenant’s occupancy of the Premises.

  (m)	As an inducement to Landlord to enter into the Lease, Guarantor hereby represents and warrants that: (i) Guarantor is not, nor is it owned or controlled directly or 

  Page 7

  Exhibit N
1265 Main Street Clarks Americas. Inc. Lease

  

   

  indirectly by, any person, group, entity or nation named on any list issued by the Office of Foreign Assets Control of the United States Department of the Treasury (“OFAC”) pursuant to Executive Order 13224 or any similar list or any law, order, rule or regulation or any Executive Order of the President of the United States as a terrorist, “Specially Designated National and Blocked Person” or other banned or blocked person (any such person, group, entity or nation being hereinafter referred to as a “Prohibited Person”); (ii) Guarantor is not (nor is it owned or controlled, directly or indirectly, by any person, group, entity or nation which is) acting directly or indirectly for or on behalf of any Prohibited Person; and (iii) from and after the effective date of the above-referenced Executive Order, Guarantor (and any person, group, or entity which Guarantor controls, directly or indirectly) has not conducted nor will conduct business nor has engaged nor will engage in any transaction or dealing with any Prohibited Person in violation of the U.S. Patriot Act or any OFAC rule or regulation, including without limitation any assignment of this Guaranty or the making or receiving of any contribution of funds, goods or services to or for the benefit of a Prohibited Person in violation of the U.S. Patriot Act or any OFAC rule or regulation. In connection with the foregoing, it is expressly understood and agreed that (x) any breach by Guarantor of the foregoing representations and warranties shall be deemed a default by Guarantor hereunder and shall be covered by the default provisions of this Guaranty, and (y) the representations and warranties contained in this subsection shall be continuing in nature and shall survive the expiration or earlier termination of this Guaranty.

  Page 8

  Exhibit N
1265 Main Street Clarks Americas. Inc. Lease

  

   

  IN WITNESS WHEREOF, Guarantor has caused this Guaranty to be executed as of the date first above written.

  		
	GUARANTOR

	C & J CLARK LIMITED

	B y : 
	 

	Name:
	 

	Title:
	 

   

   

    

  Page 9

  Exhibit N
1265 Main Street Clarks Americas. Inc. Lease

  

   

  EXHIBIT O

  FIXED RENT PREMIUM FOR NEWTON LEASE

  Attached is the Holding Over provision of the Newton Lease. If the Hold Over provision of the Newton Lease becomes applicable, then, pursuant to that provision, the “Base Rent payable shall be the greater of (a) two hundred percent (200%) of the Base Rent payable immediately preceding the termination date of this Lease or (b) one hundred twenty-five percent (125%) of the fair market Base Rent for the Premises as of the date Tenant holds over...”. The amounts below assume that 200% of the monthly installment of Base Rent due for December of 2016 will be greater than 125% of the fair market rent, provided, however, that whichever calculation method applies, in no event shall Landlord have any obligation to pay any Fixed Rent Premium in excess of $351,532.00 per month in the aggregate.

  The monthly installment of Base Rent due for December of 2016 under the Newton Lease is $340,975.25. Therefore, based on the attached Holding Over provision from the Newton Lease and assuming a 200% increase in the monthly installment of Base Rent, the amount of Fixed Rent Premium for the Newton Lease is $340,975.25.

  There is also (i) a License Agreement dated May 1, 2012 to use a storage space at the Newton location through December 31, 2016, unless terminated by either party on thirty (30) days prior written notice, at $4,060.42 per month, and (ii) a letter agreement dated March 20, 2006 for another storage space for a month to month tenancy for $6,463.00. Assuming that the Newton landlord would permit the use of both storage spaces after December 31, 2016 at 200% of the monthly rent, the “holdover” rent for the additional storage spaces would be $10,523.42.

   

   

  Page 1

  Exhibit O
1265 Main Street Clarks Americas. Inc. Lease

   

   

   

  

   

  Exhibit O (Cont.)

   

   

   

   

  31. 	HOLDING OVER. If Tenant remains in possession of the Premises or any port thereof after the expiration or earlier termination of the Term hereof with Landlord's consent, such occupancy shall be a Tenancy from month to month upon all the terms and conditions of this Lease pertaining to the obligations of Tenant, except that the Base Rent payable shall be the greater of (a) two hundred percent (200%) of (he Base Rent payable immediately preceding the termination date of this Lease or (b) one hundred twenty-five percent (125%) of the fair market Base Rem for fee Premises as of the date Tenant holds over, and all Options, if any, shall be deemed terminated and be of no further effect. If Tenant remains hi possession of the Premises or any part thereof after the expiration of die Teem hereof without Landlord's consent. Tenant shall, et Landlord’s option, be treated as a tenant at sufferance or a trespasser. Nothing contained herein shall be construed to constitute Landlord's consent to Tenant holding over at the expiration or earlier termination of the Lease Term or to give Tenant the right to hold over earlier the expiration or earlier termination of the Lease Terra. Tenant hereby agrees to indemnify, bold harmless and defend Landlord from any cost, loss, claim or liability (including attorneys' fees) Landlord may incur as a result of Tenant’s failure to surrender possession of the Premises to Landlord upon the termination of this Lease.

   

   

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  Exhibit O
1265 Main Street Clarks Americas. Inc. Lease

   

   

   

   

   

   

  

   

  EXHIBIT P

  ROOFTOP TERRACE PRELIMINARY DESIGN

   

   

  Page 1

  Exhibit P
1265 Main Street Clarks Americas. Inc. Lease

   

  

   

   

   

   

   

   

  Qualifications and Assumptions 

  Based on Commodore Estimate 3/26/15 

  Plantings, Irrigation, and Furnishings by Tenant 

  Assumes $375/lF for Stainless Steel Guardrail (No Spec)

  Assumes storefront glass at vestibule

  Assumes wood structure (Covered Lounge Area) Is by Tenant

  Assumes 1 Hose Bib at roof for smaller deck and 2 Hose Bibs at Roof for larger deck

  Assumes wort can be performed and purchase of materials is at the same time as base building contract work

  Assumes that a Dry Sprinkler System is NOT necessary for the Covered Lounge Area

  FF&E Design and Seating Layout By Tenant Design Consultant

  Area of Assembly Permit Documentation by Tenant Design Consultant

  Page 2

  Exhibit P
1265 Main Street Clarks Americas. Inc. Lease

   

   

   

  

   

   

   

   

   

   

   

   

   

   

   

  Page 3

  Exhibit P
1265 Main Street Clarks Americas. Inc. Lease

   

  

   

   

   

   

  Page 4

  Exhibit P
1265 Main Street Clarks Americas. Inc. Lease

   

  

   

   

   

  Page 5

  Exhibit P
1265 Main Street Clarks Americas. Inc. Lease

   

  

   

  EXHIBIT Q

  FORM OF OVERLEASE SNDA

LEASE SUBORDINATION. NON-DISTURBANCE
AND ATTORNMENT AGREEMENT

  This Lease Subordination, Non-Disturbance and Attornment Agreement (“Agreement”)

  is made as of the _____ day of __________, 2015, by and among 1265 MAIN STREET LLC, a Massachusetts limited liability company having a place of business at c/o RMD, Inc., 881 East Street, Tewksbury, MA 01876 (together with its successors and assigns, “Overlandlord”), 1265 MAIN OFFICE SUBSIDIARY LLC, a Delaware limited liability company having a place of business c/o Boston Properties Limited Partnership, 800 Boylston Street, Suite 1900, Boston,MA 02199 (together with its successors and assigns, “Landlord”), and CLARKS AMERICAS, INC., a Delaware corporation having a place of business at ____________________ (together with its successors and assigns, “Tenant”).

   

  Introductory Provisions

  A.	Overlandlord owns a development site located at 1265 Main Street, Waltham, Massachusetts known as the “1265 Main Street Entire Project Site,” which is and shown on a plan entitled “1265 Main Street Entire Project Site Plan” prepared by ________________________________________ (“_____”), dated __________, and recorded with the Middlesex South Registry of Deeds (the “Registry”) in Book __________, Page _____ (the “1265 Main Street Entire Project Site Plan”). A reduced copy of the 1265 Main Street Entire Project Site Plan is attached as Exhibit A-1.

  B.	Landlord is the tenant under that certain Ground Lease dated __________, 2015 (“Ground Lease”) made with Overlandlord, as landlord, and Landlord, as tenant, covering a parcel of land (the “Office Parcel”) more particularly described in Exhibit A-2 attached hereto, and shown on the “1265 Main Street Entire Project Site Plan”, notice of which is recorded with the Middlesex South County Registry of Deeds in Book ______, Page ______. The Office Parcel is contemplated by Landlord and Tenant to be redeveloped with certain improvements to the existing building on the Office Parcel (the “Building”) and other improvements to the Office Parcel that will be operated subject to and in accordance with the Ground Lease and the Declaration (as defined below). The Office Parcel, and all rights, privileges, easements and appurtenances to be used or connected with the beneficial use or enjoyment thereof, and all right, title and interest in and to all streets, abutting or serving the Office Parcel whatsoever thereunto belonging, or in any way appertaining thereto (collectively, the “Office Project”).

  C.	1265 MAIN STREET LLC (together with its successors and assigns, “Master Developer”) has executed and recorded that certain Declaration of Easements, Covenants and Restrictions dated_____, 2015 (the “Declaration”) and recorded with the Middlesex South Registry of Deeds in Book _____	, Page _____ to govern the mutual easements and restrictions affecting the 1265 Main Street Entire Project Site, including, without limitation, the Office Project.

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1265 Main Street Clarks Americas. Inc. Lease
 

   

  

   

  D.	Tenant is the tenant under that certain Lease dated _______, 2015 made with Landlord (as hereinafter amended from time to time, the “Lease”), covering certain premises (the “Premises”) at the Office Parcel as more particularly described in the Lease, notice of which has been recorded with said Middlesex South Registry of Deeds. Capitalized terms used and not defined herein shall have the meanings set forth in the Lease.

   

  E.	Tenant requires, as a condition to entering into the Lease, that its rights under the Lease be recognized as set forth herein.

  F.	Overlandlord, Landlord and Tenant desire to confirm their understanding with respect to the Ground Lease, the Declaration and the Lease.

  NOW, THEREFORE, in consideration of the foregoing, the mutual covenants and agreements contained herein, and other valuable consideration, the receipt and adequacy of which are hereby acknowledged, and with the understanding by Overlandlord that Tenant will rely hereon, Overlandlord, Landlord, and Tenant agree as follows:

  1.	Subordination. Subject to the terms and conditions of this Agreement, the Lease and the rights of Tenant thereunder are subordinate and inferior to the Ground Lease and any amendment, renewal, substitution, extension or replacement thereof.

  2.	Non-Termination of Ground Lease. Overlandlord and Landlord agree, for the benefit of Tenant, that if the Ground Lease is terminated (i) by voluntary agreement between Overlandlord and Landlord or (ii) by reason of rejection of the Ground Lease by Landlord in a bankruptcy proceeding (or for any reason other than a voluntary termination with a Successor Landlord for a Replacement Lease in accordance with this Section 2) prior to the end of the term of the Lease as it may be extended, if there is not an Event of Default as defined in the Lease (“Event of Default”), Overlandlord hereby agrees with Tenant to recognize Tenant as Overlandlord’s tenant under the Lease and Tenant hereby agrees with Overlandlord to attorn to and recognize Overlandlord as Tenant’s landlord under the Lease, in both cases, as fully and completely as if the Lease were a direct lease between Overlandlord, as landlord, and Tenant, as tenant. This Section 2 shall apply and be self-operative notwithstanding that, as a matter of law, the Lease may terminate upon the termination of the Ground Lease, and no further instrument shall be required to give effect hereto. Overlandlord and Tenant each agree, upon request of the other after termination of the Ground Lease, to execute from time to time instruments to evidence and confirm the application of this Section 2. Notwithstanding the foregoing, at any time after such recognition and attornment pursuant to this Section 2, Overlandlord shall have the right under Section 16.13 of the Lease to enter into a new ground lease of the Office Parcel with a third party (a “Successor Landlord”) and Tenant shall cooperate with Overlandlord and execute such documents as Overlandlord may reasonably request, including a replacement lease of the Office Parcel with the Successor Landlord on the same terms and conditions of the Lease, (subject to such modifications as may be reasonably necessary to reflect the termination of the Ground Lease and change in the Landlord entity) (a “Replacement Lease”) and provided that this Agreement shall remain in full force and effect with respect to the Replacement Lease.

  3.	Non-Disturbance. So long as there is not an Event of Default under the Lease, (a) the Lease shall not be terminated, and Tenant’s use and occupancy of the Premises, and rights 

  Page 2

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1265 Main Street Clarks Americas. Inc. Lease
 

   

  

   

  under, the Lease shall not (except as otherwise provided herein) be disturbed by Overlandlord in the exercise of any of its rights under the Ground Lease, as the same may be amended, renewed, substituted, extended or replaced during the term of the Lease or any extension or renewal thereof made in accordance with the terms of the Lease, and (b) Overlandlord will not join Tenant as a party defendant in any action or proceeding for the purpose of terminating Tenant’s interest and estate under the Lease because of any default under the Ground Lease or any termination thereof unless such joinder is required to comply with applicable laws, and, in that instance, without disturbing Tenant’s rights under the Lease.

  4.	Attornment and Certificates. In the event Overlandlord succeeds to the interest of Landlord under the Lease, then Tenant shall attorn to Overlandlord and shall recognize Overlandlord thereafter as the Landlord under the Lease and, subject to the terms and conditions hereof, Overlandlord shall accept such attornment and assume all obligations of the Landlord under the Lease. Such attornment by Tenant and Overlandlord’s acceptance and assumption shall be effective and self-operative without the execution of any further instrument. Overlandlord and Tenant agree, however, to execute and deliver at any time and from time to time, upon the written request of Overlandlord or Tenant (a) any instrument or certificate which, in the reasonable judgment of such requesting party, may be necessary or appropriate to evidence such attornment and assumption, and (b) an instrument or certificate regarding the status of the Lease in form and substance reasonably satisfactory to Overlandlord and Tenant.

  5.	Limitations. If Overlandlord exercises any of its rights under the Ground Lease, or if Overlandlord shall succeed to the interest of Landlord under the Lease in any manner, Overlandlord shall have the same remedies by entry, action or otherwise in an Event of Default that Landlord had or would have had if Overlandlord or such assignee had not succeeded to the interest of the present Landlord. From and after Tenant’s attornment pursuant to Section 4 above, Overlandlord shall be bound to Tenant under all the terms, covenants and conditions of the Lease including, without limitation, for continuing obligations of Landlord to Tenant under the Lease, and Tenant shall, from and after such attornment to Overlandlord, have the same rights under the Lease and remedies against Overlandlord for the breach of an agreement contained in the Lease whether arising before or after such acceptance and assumption by Overlandlord, that Tenant might have had under the Lease against Landlord, if Overlandlord had not succeeded to the interest of Landlord (except as otherwise provided herein or in the Lease).

  6.	Rights Reserved. Nothing herein contained is intended, nor shall it be construed, to abridge or adversely affect any right or remedy of Landlord or Tenant under the Lease, including any subsequent Landlord, against Tenant after an Event of Default.

  7.	Obligations of Overlandlord and Master Developer and Joinder as to Appurtenant Rights. During the term of the Lease, Master Developer agrees to maintain and repair or cause to be repaired and maintained the common areas and facilities of the 1265 Main Street Entire Project Site to the extent required to be maintained and repaired by Master Developer pursuant to the terms of the Declaration. Subject to the right to change or alter any of the following in accordance with the terms of the Lease, Master Developer agrees to provide, and hereby joins in Landlord’s obligations under the Lease to provide, to Tenant throughout the term of the Lease as appurtenant to the Premises, (a) the non-exclusive right, in accordance with the terms of the Lease, to use the Common Elements (as defined in the Declaration) of the 1265 Main Street

  Page 3

  Exhibit Q
1265 Main Street Clarks Americas. Inc. Lease
 

   

  

   

  Entire Project Site as to which Tenant has appurtenant rights under the Lease, including, without limitation, Section 2.2 of the Lease, and (b) Tenant’s parking rights set forth in and subject to the terms of Section 10.1 of the Lease and Tenant’s signage rights set forth in and subject to the terms of Sections 17.2(C) and 17.2(D) of the Lease. In addition, except (x) as required to comply with applicable Legal Requirements or Landlord’s express obligations under the Lease, and/or (y) with respect to standard utility and access easements, including standard utility installations, so long as the Lease is in full force and effect and has not been terminated and Tenant satisfies the Leasing Threshold, Overlandlord and Master Developer agree that neither Overlandlord nor Master Developer shall perform any alterations, installations or improvements to the Property or grant or enter into any easements, covenants, conditions, restrictions, licenses, declarations and other similar agreements affecting the Property or any amendments or modifications to any such existing agreements (including, without limitation, the Declaration) which would or would reasonably be anticipated to have a Tenant Adverse Impact (as that term is defined in the Lease, in any event, without first obtaining Tenant’s prior written consent, such consent not to be unreasonably withheld or delayed. Notwithstanding the foregoing, in the event of a direct conflict between the terms and conditions of the Lease and the provisions of the Declaration or any commercially reasonable rules and regulations from time to time in effect for and applicable to the 1265 Main Street Entire Project Site, the provisions of the Lease shall control with respect to the Property. Overlandlord agrees that a termination of the Ground Lease shall not affect any of Overlandlord’s obligations to Tenant under this Section 7 and the easements and appurtenant rights benefitting the Office Parcel set forth in the Declaration and the Ground Lease shall continue in full force and effect for, as the case may be, the non-exclusive benefit of Tenant, prior to and after any termination of the Ground Lease. Master Developer agrees, with respect to any Tenant signage rights in the Lease that require Master Developer’s approval, Master Developer will not unreasonably withhold or delay consent to the applicable Tenant’s Signage so long as the proposed signage is consistent with the style, design and/or brand of tenant directional signage or multi-tenant signage, as applicable, at the Complex.

  8.	Consistency of Lease and Ground Lease. Overlandlord and Landlord hereby confirm that it is the intention of both Overlandlord and Landlord that nothing in the Ground Lease as the same may be amended, renewed, substituted, extended or replaced that is or will be inconsistent with or contrary to the Lease, which may be enjoyed by Tenant in accordance with its terms both prior to and after any succession by Overlandlord to the interest of Landlord thereunder. In the event of any inconsistency between the Lease and the Ground Lease, the provisions of the Lease shall be deemed to control with respect to the rights and obligations of Tenant, Landlord, and Overlandlord; provided, however, that any amendment to the Lease hereafter entered into by Tenant and Landlord that adversely affects Overlandlord’s rights or obligations under the Ground Lease shall not be binding on Overlandlord, unless either (a) Overlandlord approves such amendment or (b) at the time of such amendment Overlandlord is an entity that controls, is controlled by, or is under common control with Landlord. No amendment or replacement of the Ground Lease that has a Tenant Adverse Impact (as defined in the Lease) will be binding on Tenant.

  9.	Notices. Any notice or communication required or permitted hereunder shall be in writing, and shall be given or delivered: (i) by United States mail, registered or certified, postage fully prepaid, return receipt requested, or (ii) by recognized courier service or recognized

   

  Page 4

  Exhibit Q
1265 Main Street Clarks Americas. Inc. Lease
 

   

  

   

  overnight delivery service; and in any event addressed to the party for which it is intended at its address set forth below:

  			
	To Overlandlord:
	1265 Main Street LLC 
c/o RMD, Inc.
881 East Street 
Tewksbury, MA 01876 
Attention: Joseph Pasquale
	 

	With a copy to:
	RMD, Inc.
881 East Street 
Tewksbury, MA 01876 
Attention: Carmine D. Tomas, Esq.
	 

	To Landlord:
	1265 Main Office Subsidiary LLC 
c/o Boston Properties Limited Partnership
Prudential Center 
800 Boylston Street, Suite 1900 
Boston, Massachusetts 02199-8103
Attention: Regional General Counsel
	 

	To Tenant:
	Clarks Americas, Inc.
156 Oak Street
Newton, Massachusetts 02464 
Attn: General Counsel
	 

	With a copy to:
	Bernkopf Goodman LLP 
Two Seaport Lane, 9th Floor 
Boston, MA 02210 
Attention: Eric R. Allon, Esq.
	 

    

  or such other address as such party may have previously specified by notice given or delivered in accordance with the foregoing. Any such notice shall be deemed to have been given and received on the date delivered or tendered for delivery during normal business hours as herein provided.

  11.	Limitations on Liability.

  (a) Landlord’s Liability. Tenant shall neither assert nor seek to enforce any claim for breach of this Agreement against any of Landlord’s assets other than Landlord’s interest in the Building and the uncollected rents, issues and profits therein, and, subject to the rights of any mortgagee of Landlord and of Landlord to use such proceeds or awards for reconstruction, the insurance proceeds and taking awards therefor, Tenant agrees to look solely to such interest for the satisfaction of any liability of Landlord under this Agreement, it being specifically agreed that neither Landlord, nor any successor holder of Landlord’s interest under the Lease, nor any beneficiary of any trust of which any person from time to time holding Landlord’s interest is trustee, nor any

  Page 5

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1265 Main Street Clarks Americas. Inc. Lease
 

   

  

   

  such trustee, nor any member, manager, partner, director or stockholder of Landlord or Landlord’s managing agent shall ever be personally liable for any such liability. This paragraph shall not limit any right that Tenant might otherwise have to obtain injunctive relief against Landlord or Landlord’s successors-in-interest, or to take any other action which shall not involve the personal liability of Landlord, or of any successor holder of Landlord’s interest under the Lease, or of any beneficiary of any trust of which any person from time to time holding Landlord’s interest is trustee, or of any such trustee, or of any manager, member, partner, director or stockholder of Landlord or Landlord’s managing agent, to respond in monetary damages from Landlord’s assets other than Landlord’s interest in the Building, as aforesaid. In no event shall Landlord or Landlord’s agents or employees (or any of the officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders, managers or other principals or representatives and the like, disclosed or undisclosed, thereof) ever be liable for indirect or incidental damages or for lost profits.

  (b)	Overlandlord’s Liability. Tenant shall neither assert nor seek to enforce any claim for breach of this Agreement against any of Overlandlord’s assets other than the Overlandlord’s interest in the Office Parcel and the uncollected rents, issues and profits therein, and, subject to the rights of any mortgagee of Overlandlord and of Overlandlord to use such proceeds or awards for reconstruction, the insurance proceeds and taking awards therefor, Tenant agrees to look solely to such interest for the satisfaction of any liability of Overlandlord under this Agreement, it being specifically agreed that neither Overlandlord, nor any successor holder of Overlandlord’s interest under the Ground Lease, nor any beneficiary of any trust of which any person from time to time holding Overlandlord’s interest is trustee, nor any such trustee, nor any member, manager, partner, director or stockholder of Overlandlord, nor Overlandlord’s managing agent shall ever be personally liable for any such liability. This paragraph shall not limit any right that Tenant might otherwise have to obtain injunctive relief against Overlandlord or Overlandlord’s successors-in-interest, or to take any other action which shall not involve the personal liability of Overlandlord, or of any successor holder of Overlandlord’s interest under the Ground Lease, or of any beneficiary of any trust of which any person from time to time holding Overlandlord’s interest is trustee, or of any such trustee, or of any manager, member, partner, director or stockholder of Overlandlord or Overlandlord’s managing agent, to respond in monetary damages from Overlandlord’s assets other than Overlandlord’s interest in the Landlord’s Tract, as aforesaid. In no event shall Overlandlord or Overlandlord’s agents or employees (or any of the officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders or other principals or representatives and the like, disclosed or undisclosed, thereof) ever be liable for indirect or incidental damages or for lost profits.

  (c)	Master Developer’s Liability. Tenant shall neither assert nor seek to enforce any claim for breach of this Agreement against any of Master Developer’s assets other than the Master Developer’s interest in the Office Parcel and the uncollected rents, issues and profits therein, and, subject to the rights of any mortgagee of Master Developer and of Master Developer to use such proceeds or awards for reconstruction, the insurance proceeds and taking awards therefor, Tenant agrees to look solely to such interest for the satisfaction of any liability of Master Developer under this Agreement, it 

   

   

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1265 Main Street Clarks Americas. Inc. Lease
 

   

  

   

  being specifically agreed that neither Master Developer nor any successor holder of Master Developer’s interest under the Declaration, nor any beneficiary of any trust of which any person from time to time holding Master Developer’s interest is trustee, nor any such trustee, nor any member, manager, partner, director or stockholder of Master Developer, nor Master Developer’s managing agent shall ever be personally liable for any such liability. This paragraph shall not limit any right that Tenant might otherwise have to obtain injunctive relief against Master Developer or Master Developer’s successors-in-interest, or to take any other action which shall not involve the personal liability of Master Developer, or of any successor holder of Master Developer’s interest under the Declaration, or of any beneficiary of any trust of which any person from time to time holding Master Developer’s interest is trustee, or of any such trustee, or of any manager, member, partner, director or stockholder of Master Developer or Master Developer’s managing agent, to respond in monetary damages from Master Developer’s assets other than Master Developer’s interest in the Office Project, as aforesaid. In no event shall Master Developer or Master Developer’s agents or employees (or any of the officers, trustees, directors, partners, beneficiaries, joint venturers, members, stockholders or other principals or representatives and the like, disclosed or undisclosed, thereof) ever be liable for indirect or incidental damages or for lost profits.

  (d) Tenant’s Liability. Notwithstanding anything to the contrary in this Agreement contained, Landlord, Overlandlord and Master Developer shall look solely to the assets of Tenant to enforce Tenant’s obligations hereunder and no partner, shareholder, director, officer, principal, manager, member, employee or agent, directly and indirectly, of Tenant shall be personally liable for the performance of Tenant’s obligations under this Agreement and the Lease and, except for Tenant’s liability under Section 16.18 of the Lease, in no event shall either Tenant ever be liable to the other for any indirect or consequential damages or loss of profits or the like.

  12.	Captions. Captions and headings of sections are not part of this Agreement and shall not be deemed to affect the meaning or construction of any of the provisions of this Agreement.

  13.	Counterparts. This Agreement may be executed in several counterparts, or separately executed and assembled as one counterpart, each of which when executed and delivered is an original, but all of which together shall constitute one instrument.

  14.	Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the Commonwealth of Massachusetts, without regard to conflicts of laws.

  15.	Entire Agreement. This Agreement constitutes the entire agreement among Overlandlord, Landlord and Tenant regarding the subject matter of this Agreement.

  16.	Amendments: No Oral Change. This Agreement may be amended, discharged or terminated, or any of its provisions waived, only by a written instrument executed by the party to be charged. This Agreement may not be modified orally or in any manner other than by an agreement in writing signed by the parties hereto or their respective successors in interest.

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  17. 	Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon Overlandlord, Tenant and Landlord and their respective heirs, personal representatives, successors and assigns, and any ground lessor, ground lessors, purchaser or purchasers of any portion thereof, and their respective heirs, personal representatives, successors and assigns.

   

   

   

  [SIGNATURES COMMENCE ON FOLLOWING PAGE]

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1265 Main Street Clarks Americas. Inc. Lease
 

   

  

   

  IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed, as a sealed instrument, as of the date first above written.

  			
	 
	OVERLANDLORD:
1265 MAIN STREET LLC, a Massachusetts 
limited liability company

	 
	By:
	 

	 
	Its:
	 

   

  			
	 
	TENANT:
CLARKS AMERICAS, INC., a Delaware 
corporation

	 
	By:
	 

	 
	Its:
	 

	 
	 
	 

	 
	By:
	 

	 
	Its:
	 

   

  			
	 
	LANDLORD:
1265 MAIN OFFICE SUBSIDIARY LLC, a 
Delaware limited liability company

	 
	By:
	 

	 
	Name:
	 

	 
	Title:
	 

   

  			
	 
	FOR PURPOSES OF SECTIONS 7 AND 11 OF THIS AGREEMENT ONLY:
MASTER DEVELOPER:
1265 MAIN STREET LLC, a Massachusetts limited liability company

	 
	By:
	 

	 
	Its:
	 

   

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  Exhibit Q
1265 Main Street Clarks Americas. Inc. Lease
 

   

  

   

  ACKNOWLEDGMENT

  			
	STATE OF
	 
	)

	 
	 
	) ss.:

	COUNTY OF
	 
	)

   

   

   

   

   

  On the _____day of ____________________, in the year 20__, before me, the undersigned, personally appeared ______________________________, personally known to me or proved to me on the basis of satisfactory evidence to be the individual whose name is subscribed to the within instrument and acknowledged to me that he/she executed the same in his/her capacity, and that by his/her signature on the instrument, the individual, or the person upon behalf of which the individual acted, executed the instrument.

   

   

   

  	
	 

	 

	Notary Public (SEAL)

   

   

   

   

  Page 10

  Exhibit Q
1265 Main Street Clarks Americas. Inc. Lease
 

   

  

   

  ACKNOWLEDGMENT

   

  			
	STATE OF
	 
	)

	 
	 
	) ss.:

	COUNTY OF
	 
	)

   

  On the _____ day of ____________________, in the year 20__, before me, the undersigned, personally appeared ______________________________, personally known to me or proved to me on the basis of satisfactory evidence to be the individual whose name is subscribed to the within instrument and acknowledged to me that he/she executed the same in his/her capacity, and that by his/her signature on the instrument, the individual, or the person upon behalf of which the individual acted, executed the instrument.

   

   

   

   

  	
	 

	 

	Notary Public (SEAL)

   

   

   

   

   

  Page 11

  Exhibit Q
1265 Main Street Clarks Americas. Inc. Lease
 

   

  

   

  ACKNOWLEDGMENT

   

  			
	STATE OF
	 
	)

	 
	 
	) ss.:

	COUNTY OF
	 
	)

   

  On the _____day of ____________________, in the year 20__, before me, the undersigned, personally appeared ______________________________, personally known to me or proved to me on the basis of satisfactory evidence to be the individual whose name is subscribed to the within instrument and acknowledged to me that he/she executed the same in his/her capacity, and that by his/her signature on the instrument, the individual, or the person upon behalf of which the individual acted, executed the instrument.

   

   

   

  	
	 

	 

	Notary Public (SEAL)

   

  Page 12

  Exhibit Q
1265 Main Street Clarks Americas. Inc. Lease
 

   

  

   

  ACKNOWLEDGMENT

   

  			
	STATE OF
	 
	)

	 
	) ss.:

	COUNTY OF
	 
	)

  On the _____ day of ____________________, in the year 20__, before me, the undersigned, personally appeared ______________________________, personally known to me or proved to me on the basis of satisfactory evidence to be the individual whose name is subscribed to the within instrument and acknowledged to me that he/she executed the same in his/her capacity, and that by his/her signature on the instrument, the individual, or the person upon behalf of which the individual acted, executed the instrument.

   

   

   

   

  	
	 

	 

	Notary Public (SEAL)

   

   

  Page 13

  Exhibit Q
1265 Main Street Clarks Americas. Inc. Lease
 

   

  

   

   

  EXHIBIT R

   

  PLAN SHOWING PROTECTED VIEW CORRIDOR	

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

  Page 1

  Exhibit R
1265 Main Street Clarks Americas. Inc. Lease
 

   

  

   

   

  EXHIBIT S

   

   

  SCHEDULE OF TENANT’S HAZARDOUS MATERIALS

  Page 1

  Exhibit S
1265 Main Street Clarks Americas. Inc. Lease

 

  

   

  EXHIBIT S

  SCHEDULE OF TENANT'S HAZARDOUS MATERIALS

   

   

   

   

   

   

   

   

  Page 2

  Exhibit S
1265 Main Street Clarks Americas. Inc. Lease

 

  

   

  FIRST AMENDMENT TO LEASE

  THIS FIRST AMENDMENT TO LEASE (the “First Amendment”) dated as of July 11, 2016 by and between 1265 Main Office Subsidiary LLC, a Delaware limited liability company (“Landlord”), and Clarks Americas, Inc., a Delaware corporation (“Tenant”).

  RECITALS

  Reference is made to a Lease dated April 30, 2015 (the “Lease”) between Landlord and Tenant concerning premises (“Premises”) being the entire interior rentable area of a three-story building to be redeveloped and renovated by Landlord pursuant to Exhibit B to the Lease and located at and numbered at the time the Lease was executed as 1265 Main Street, Waltham, Massachusetts (“Building”), with the Premises and the Building more particularly described in the Lease. The Building has been renamed and numbered 60 Tower Road, Waltham, Massachusetts, but remains the same Building as described in the Lease. Except as otherwise expressly provided herein, all capitalized terms used herein without definition shall have the same meanings as are set forth in the Lease.

  WHEREAS, Landlord and Tenant wish to modify certain provisions of the Lease relating to (i) the size of the Storage Space, (ii) the size and location of the Rooftop Terrace, (iii) the freight elevator capacity provided for in the Base Building Specifications, (iv) the possibility of installation by or for Landlord of solar panels on the roof of the Building, and (v) certain scrivener’s errors in Exhibit A-l and Exhibit D attached to the Lease; and

  WHEREAS, Landlord and Tenant are entering into this instrument to amend the Lease accordingly;

   

  AGREEMENT

  NOW THEREFORE, in consideration of One Dollar ($1.00) and other good and valuable consideration in hand this date paid by each of the parties to the other, the receipt and sufficiency of which are hereby severally acknowledged, and in further consideration of the mutual promises herein contained, Landlord and Tenant hereby agree to and with each other as follows:

  1.	Recitals. The recitals are accurate and incorporated herein by reference.

  2.	Storage Space. Landlord and Tenant hereby acknowledge and agree that the total square footage of the Storage Space shall be increased from an agreed upon 5,000 square feet to an agreed upon 5,712 square feet to accommodate Tenant’s request for a reconfigured loading dock with additional storage, and in connection therewith, the Lease shall be amended as set forth below in this Section 2.

  (A)	The definition of “Premises” in Section 1.2 of the Lease is hereby deleted in its entirety and replaced with the following:

   

   

   

  

   

   

  		
	“Premises:
	The entire interior rentable area of the Building which includes both (i) an agreed upon 114,969 square feet of occupied space (the “Primary Premises”) and (ii) an agreed upon 5,712 square feet on the first (1st) level of the Building (the “Storage Space”) all as shown on the floor plans annexed hereto as Exhibit D and incorporated herein by reference.”
 

  	 

  (B)	The definition of “Rentable Floor Area of the Premises” in Section 1.2 of the Lease is here by deleted in its entirety and replaced with the following:

   

  		
	“Rentable Floor Area of the Premises:
	An agreed upon 120,681 square feet, consisting of an agreed upon 114,969 square feet of Rentable Floor Area of the Primary Premises and an agreed upon 5,712 square feet of Rentable Floor Area of the Storage Space.”
 

   

  	 

  (C)	Section (a)(ii) of the definition of “Annual Fixed Rent for the Premises” in Section 1.2 of the Lease is hereby deleted in its entirety and replaced with the following:

   

  “(ii) 	With respect to the Storage Space, during the period commencing on the Rent Commencement Date and continuing through the Expiration Date, the annual amount of $85,680.00 (being equal to the product of (x) $15.00 and (y) the Rentable Floor Area of the Storage Space);”

  (D)	The definition of “Total Rentable Floor Area of the Building” in Section 1.2 of the Lease is hereby deleted in its entirety and replaced with the following:

   

  “Total Rentable Floor Area of the Building: An agreed upon 120,681 square feet.”

  (E)	Section 10.A. of Schedule 1 to Exhibit B of the Lease is hereby amended by (i) deleting the phrase “approximately 5,000 sf” and replacing it with the phrase “an agreed upon 5,712 sf”. Pursuant to the last sentence of Section 10.A. of Schedule 1 to Exhibit B, Tenant and Landlord hereby acknowledge and agree that the layout for the Storage Space is set forth in the plan entitled, “Storage Space Layout” attached to this First Amendment as Exhibit A to First Amendment.

  (F)	All references in the Lease as herein amended to the “Storage Space” (including, without limitation, Section 2.1.1 of the Lease) shall mean the “Storage Space” as described in this First Amendment.

  3.	Rooftop Terrace. Landlord and Tenant hereby acknowledge and agree that, as presently contemplated, Landlord anticipates entering into a commercial net metering credit purchase and sale agreement (“NMC PSA”) with Private Securities Market LLC or another 

  Page 2

  

   

  vendor (“Vendor”) pursuant to which Vendor will install a solar panel system (“Solar Panel System”), in approximately the locations on the Building’s roof as shown on the attached Exhibit B to First Amendment, and thereafter operate, repair, monitor, and maintain such Solar Panel System, in each case, at Vendor’s sole costs and expense, without cost, expense or liability to Tenant (unless Tenant causes damage to such Solar Panel System), and in connection therewith, the Lease shall be amended as set forth below in this Section.

  (A)	Upon the conditions precedent that (i) the Solar Panel System shall not reduce the size of the Rooftop Terrace below the agreed upon 3,535 square feet as set forth in Section 3(B) below or otherwise alter the Rooftop Terrace by more than a de minimis extent, and (ii) either an area remains on the roof outside the Rooftop Terrace and Solar Panel System that Landlord and Tenant agree to designate for the initial installation of Tenant’s Telecommunications Equipment in accordance with the terms and conditions of Section 2.5 of the Lease or such installation of Tenant’s Telecommunications Equipment has occurred pursuant to Section 2.5 of the Lease, Tenant hereby acknowledges and agrees that the terms of this Section 3 shall not be deemed to have a Tenant Adverse Impact.

  (B)	Section 2.4 of the Lease is hereby amended by deleting the phrase “not more than 6,600 square feet” and replacing it with the phrase “not more than 3,535 square feet”.

  (C)	Page 3 of Exhibit P to the Lease is hereby deleted in its entirety and Exhibit P.3 attached to this First Amendment substituted therefor.

  (D)	Landlord shall use commercially reasonable efforts to cause the Vendor to install, operate, maintain and repair the Solar Panel System (or any part thereof) in a manner that will not cause damage to the roof or the roof membrane, and in the event of any such damage to the roof or the roof membrane caused by the Solar Panel System, such damage shall be promptly repaired by the Vendor or Landlord without cost, expense or liability to Tenant, unless such damage is caused by Tenant, in which event Tenant shall pay to Landlord, as Additional Rent, the reasonable cost and expense to repair the same within thirty (30) days of billing therefor.

  (E)	Landlord and Tenant acknowledge and agree that it is their desire that the Solar Panel System be installed as a cost saving measure for Tenant, with cost savings estimated initially at $.03/Kwh; provided, however, that Tenant acknowledges and agrees that Landlord makes no representation or guarantee regarding the amount of such cost savings, if any, and such $.03/Kwh rate is an estimate only that is subject to change.

  The determination whether to enter into an NMC PSA (including the terms of any such agreement) and whether to amend and/or terminate any such agreement if entered into shall be made by Landlord in its sole discretion; provided, however, that to the extent that Landlord does not enter into an NMC PSA or terminates any such agreement if entered into, Landlord shall use commercially reasonable efforts at Landlord’s cost to enter into an alternative agreement upon terms acceptable to Landlord in its sole discretion for the Solar Panel System or for a substitute 

  Page 3

  

   

  so-called clean energy, alternative system providing similar intended cost savings for Tenant; provided further, however, that if Landlord determines in its sole discretion that such a system is not commercially reasonable, no such system will be required to be installed.

  4.	Base Building Specifications - Freight Elevator. Landlord and Tenant have agreed that the single freight elevator included within the Base Building Specifications shall have a 4,500 lb. capacity, and in connection therewith, the Lease shall be amended as follows:

  (A) Section 14.B. of Schedule 1 to Exhibit B of the Lease is hereby amended by deleting the phrase “5,000 lb. capacity” and replacing it with the phrase “4,500 lb. capacity”.

  5.	Lease Exhibits. In order to correct certain scrivener’s errors contained in Exhibit A-l and Exhibit D of the Lease, the Lease shall be amended as follows:

  (A)	Exhibit A-l to the Lease is hereby deleted in its entirety and Exhibit A-l attached to this First Amendment substituted therefor.

  (B)	Page 2 of Exhibit D of the Lease is hereby deleted in its entirety and Exhibit D.2 attached to this First Amendment substituted therefor.

  6.	(A) 	Tenant warrants and represents that Tenant has not dealt with any broker in connection with the consummation of this First Amendment; and in the event any claim is made against Landlord relative to dealings by Tenant with brokers, Tenant shall defend the claim against Landlord with counsel of Tenant’s selection first approved by Landlord (which approval will not be unreasonably withheld) and save harmless and indemnify Landlord on account of loss, cost or damage which may arise by reason of such claim.

  (B) 	Landlord warrants and represents that Landlord has not dealt with any broker in connection with the consummation of this First Amendment; and in the event any claim is made against Tenant relative to dealings by Landlord with brokers, Landlord shall defend the claim against Tenant with counsel of Landlord’s selection first approved by Tenant (which approval will not be unreasonably withheld) and save harmless and indemnify Tenant on account of loss, cost or damage which may arise by reason of such claim.

  7.	Except as herein amended the Lease shall remain unchanged and in full force and effect, with this First Amendment controlling in case of conflict. All references to the “Lease” shall be deemed to be references to the Lease as herein amended.

  8.	Each of Landlord and Tenant hereby represents and warrants to the other that all necessary action has been taken to enter this First Amendment and that the person signing this First Amendment on its behalf has been duly authorized to do so.

  9.	The parties acknowledge and agree that this Amendment may be executed by electronic signature, which shall be considered as an original signature for all purposes and shall have the same force and effect as an original signature. Without limitation, “electronic signature”

  Page 4

  

   

  shall include faxed versions of an original signature or electronically scanned and transmitted versions (e.g., via pdf) of an original signature.

   

  [Remainder of Page Intentionally Blank]

   

  	 

  Page 5

  

   

  EXECUTED as of the date and year first above written.

  		
	 
	LANDLORD:
 
1265 MAIN OFFICE SUBSIDIARY LLC, a Delaware limited liability company

	 
	BY: 1265 MAIN OFFICE JV LLC, a Delaware limited liability company, its Managing Member

	 
	BY: BP 1265 MAIN LLC, a Delaware limited liability company, its Manager

	 
	BY: BOSTON PROPERTIES LIMITED PARTNERSHIP, a Delaware limited partnership, its Managing Member

	 
	BY: BOSTON PROPERTIES, INC., a
        Delaware corporation, its General
  partner

	 
	 

	 
	 

	 
 
 
	 

   

  Page 6

  

   

  EXHIBIT A TO FIRST AMENDMENT

   

  Storage Space Layout

   

  EXHIBIT A TO FIRST AMENDMENT

   

   

  Page 7

  

   

   

  EXHIBIT B TO FIRST AMENDMENT

   

  Solar Panel System Plan
[Attached]

  Page 8

  

   

   

  Page 9

  

   

   

   

  Page 10

  

   

   

  Page 11

  

   

  EXHIBIT A-1 SITE PLAN OF COMPLEX

   

   

   

  Page 12

  

   

   

   

  EXHIBIT D.2

   

   

   

  Page 13

  

   

  SECOND AMENDMENT TO LEASE

   

   

  THIS SECOND AMENDMENT TO LEASE (the "Second Amendment") dated as of this 17th day of January, 2017 by and between 1265 Main Office Subsidiary LLC, a Delaware limited liability company (“Landlord”), and Clarks Americas, Inc., a Delaware corporation (“Tenant”).

   

  RECITALS

  By Lease dated April 30, 2015 (as amended by a certain First Amendment to Lease dated July 11, 2016, the “Lease"), Landlord did lease to Tenant and Tenant did hire and lease from Landlord certain premises (the “Premises”) comprised of the building numbered 60 Tower Road, Waltham, Massachusetts (the “Building") being constructed on the land identified as Lot 2-1 on the plan attached as Exhibit A-2 to the Lease (the "Property"), all as described with greater specificity in the Lease.

  Tenant has elected to amortize the Rooftop Terrace Project Costs (as that term is defined in Section 5.0 of Exhibit B to the Lease) in accordance with the provisions of said Section 5.0.

  Landlord and Tenant are entering into this instrument to amend the Lease to set forth the amount of Monthly Improvement Cost Payments (as that term is defined In Section 5.0 of Exhibit B to the Lease).

  NOW THEREFORE, in consideration of One Dollar ($1.00) and other good and valuable consideration in hand this date paid by each of the parties to the other, the receipt and sufficiency of which are hereby severally acknowledged, and in further consideration of the mutual promises herein contained, Landlord and Tenant hereby agree to and with each other as follows:

  1.	It is acknowledged and agreed that commencing as of October 1, 2016, Monthly Improvement Cost Payments in the amount of Seven Thousand Nine Hundred Seven and 69/100 Dollars ($7,907,69) per month shall be payable by Tenant as Additional Rent in accordance with Section 5.0 of Exhibit B to the Lease.

  2.	(A) 	Tenant warrants and represents that Tenant has not dealt with any broker in connection with the consummation of this Second Amendment; and in the event any claim is made against Landlord relative to dealings by Tenant with brokers, Tenant shall defend the claim against Landlord with counsel of Tenant’s selection first approved by Landlord (which approval will not be unreasonably withheld) and save harmless and indemnify Landlord on account of loss, cost or damage which may arise by reason of such claim.

  (B) 	Landlord warrants and represents that Landlord has not dealt with any broker In connection with the consummation of this Second Amendment; and in the event any claim is made against Tenant relative to dealings by Landlord with brokers, Landlord shall defend the claim against Tenant with counsel of Landlord's selection first approved by Tenant 

   

  

   

  (which approval will not be unreasonably withheld) and save harmless and indemnify Tenant on account of loss, cost or damage which may arise by reason of such claim.

  3.	Except as otherwise expressly provided herein, all capitalized terms used herein without definition shall have the same meanings as are set forth in the Lease.

  4.	Except as herein amended the Lease shall remain unchanged and in full force and effect. All references to the “Lease” shall be deemed to be references to the Lease as herein amended.

  5.	Each of Landlord and Tenant hereby represents and warrants to the other that all necessary action has been taken to enter this Second Amendment and that the person signing this Second Amendment on its behalf has been duly authorized to do so.

  6.	The parties acknowledge and agree that this Second Amendment may be executed by electronic signature, which shall be considered as an original signature for all purposes and shall have the same force and effect as an original signature. Without limitation, "electronic signature" shall include faxed versions of an original signature or electronically scanned and transmitted versions (e.g., via pdf) of an original signature.

  [Remainder of Page Intentionally Blank]

   

   

  Page 2

  

   

  		
	EXECUTED as of the date and year first above written.

	 
	LANDLORD:

	 

	1265 MAIN OFFICE SUBSIDIARY LLC, a Delaware 
limited liability company

	 
	 

	 
	BY: 1265 MAIN OFFICE JV LLC,
 its Managing Member

	 
	 

	 
	BY: BP 1265 MAIN LLC, its Manager

	 
	 

	 
	BY: BOSTON PROPERTIES LIMITED
        PARTNERSHIP, 
        its Managing Member

	 
	 

	 
	 

	 
	 

	 
	TENANT:

	 
	 

   

   

  [signatures continued on next page]

   

  Page 3

  

   

  The undersigned, as guarantor of the Tenant’s obligations under the Lease pursuant to Guaranty dated April 30, 2015 (the “Guaranty"), hereby consents to the terms contained in this Second Amendment and acknowledges and agrees that, notwithstanding the Second Amendment, the Guaranty shall remain in full force and effect in accordance with the terms thereof.

  GUARANTOR:

   

   

   

  Page 4

  

   

  THIRD AMENDMENT TO LEASE

   

  THIS THIRD AMENDMENT TO LEASE (the “Third Amendment”) dated as of this 21st day of May, 2020 by and between 1265 MAIN OFFICE SUBSIDIARY LLC, a Delaware limited liability company (“Landlord”), and CLARKS AMERICAS, INC., a Delaware corporation (“Tenant”).

  RECITALS

  By Lease dated April 30, 2015 (as amended by a certain First Amendment to Lease dated July 11, 2016 and a certain Second Amendment to Lease dated January 17, 2017, the “Lease”), Landlord did lease to Tenant and Tenant did hire and lease from Landlord certain premises (the “Premises”) comprised of the building numbered 60 Tower Road, Waltham, Massachusetts (the “Building”), all as described with greater specificity in the Lease.

  Landlord and Tenant have agreed to modify Tenant’s obligation to pay Annual Fixed Rent for the Premises (as that term is defined in Section 1.2 of the Lease) and are entering into this instrument to amend the Lease accordingly.

  NOW THEREFORE, in consideration of One Dollar ($1.00) and other good and valuable consideration in hand this date paid by each of the parties to the other, the receipt and sufficiency of which are hereby severally acknowledged, and in further consideration of the mutual promises herein contained, Landlord and Tenant hereby agree to and with each other as follows:

  1.	(A) 	Notwithstanding anything contained to the contrary in the Lease, but subject to the terms and provisions of this Third Amendment, during the months of April, May and June, 2020 (the “Relief Months”), Tenant shall be required to make payment on account of Annual Fixed Rent for the Premises, Landlord’s Tax Expenses Allocable to the Premises, Operating Expenses Allocable to the Premises and Monthly Improvement Cost Payments due under the Lease in an amount equal to $177,644.58 per month, representing forty percent (40%) of the amounts that would otherwise have been due and payable under the Lease on account of the “Monthly Recurring Rent Charges” (as hereinafter defined) for each of the Relief Months.

  For the purposes hereof, the term “Monthly Recurring Rent Charges” shall mean Tenant’s payments on account of Annual Fixed Rent for the Premises, Landlord's Tax Expenses Allocable to the Premises, Operating Expenses Allocable to the Premises and Monthly Improvement Cost Payments. In connection therewith, Landlord acknowledges receipt of the amount of $355,289.16 representing the Monthly Recurring Rent Charges due for the months of April and May 2020 (it being further acknowledged and agreed that Landlord is hereby waiving Landlord’s notice to Tenant dated April 17, 2020 and any late charges associated with amounts due as of April 1, 2020 as set forth therein).

   

  1

  
1265 Main Street/Amendments/Clarks Third Amendment(C)

  

   

  (B)	The remaining sixty percent (60%) of the amounts that would otherwise have been due and payable under the Lease on account of the Monthly Recurring Rent Charges for each of the Relief Months, in the total amount of $799,400.58 ($266,466.86 per month) (the “Deferred Rent”), shall remain due and payable and must be paid by Tenant in full on or before July 31, 2021.

  Any portion of the Deferred Rent that has not been paid on or before January 31, 2021 (the “Unpaid Deferred Rent”) shall bear interest at the rate of ten percent (10%) per annum retroactive to April 1, 2020. Commencing on February 1, 2021, Tenant shall reimburse Landlord for the Unpaid Deferred Rent in six (6) equal monthly installments (each, a “Reimbursement Installment Payment”) to be paid by Tenant on the first day of each month, together with the monthly payment of Annual Fixed Rent and applicable monthly Additional Rent (Landlord and Tenant hereby agreeing to enter into a lease amendment or other agreement to memorialize the amount of Unpaid Deferred Rent and Reimbursement installment Payments, provided however that the parties’ failure to execute such documentation shall not modify Tenant’s obligations as set forth herein). Tenant shall have the option of paying the Unpaid Deferred Rent in full at any time during the time period when it would otherwise be making Reimbursement Installment Payments. Tenant’s failure to timely pay any Reimbursement Installment Payment beyond any applicable notice and grace periods shall entitle Landlord to all rights and remedies available to it under the Lease for Tenant’s failure to make any installment of Annual Fixed Rent under the Lease.

  (C)	Notwithstanding anything contained herein to the contrary, if prior to the date on which the Deferred Rent has been paid in full, Tenant shall be in default of any of its obligations under the Lease and such default shall continue beyond any applicable notice and grace period, (x) Landlord shall have all rights and remedies under the Lease or at law or in equity in connection with such default, and (y) Tenant shall be obligated to immediately pay to Landlord the balance of the Deferred Rent then due and payable (which such obligation shall survive the expiration or earlier termination of the Lease).

  (D)	The rent modification provided by this Third Amendment shall be (i) applicable only during such period that Tenant is not in default of its obligations under the Lease beyond any applicable notice and grace period, and (ii) personal to Tenant, and not transferable to any assignee or sublessee of Tenant; provided, however, for the avoidance of doubt, the Deferred Rent relief provided in this Third Amendment shall remain in effect as long as Tenant has neither assigned the Lease nor sublet more than forty (40%) of the Rentable Floor Area of the Premises (except for an assignment or subletting permitted without Landlord’s consent under Section 12.5 of the Lease).

  2.	Notwithstanding anything to the contrary contained in the Lease, Tenant hereby waives any rights to rent abatement under the Lease, if any, whether arising in the past, present or in the future related to the current COVID-19 pandemic and/or associated government orders unless and to the extent such right arises solely as a result of the negligence or willful misconduct of Landlord. If the Lease contains any other rights to reduce rent payments, terminate the Lease or otherwise exercise any other rights in 

  2

   

  1265 Main Street/Amendments/Clarks Third Amendment(C)

   

  

   

  accordance with any force majeure, casualty, condemnation or other similar provision as a consequence of the current COVID-19 pandemic and/or associated governmental orders, then Tenant’s ability to exercise such rights shall be suspended for the duration of the COVID-19 pandemic.

  3.	Tenant agrees that the subject matter of this Third Amendment is, and shall remain strictly confidential pursuant to and except as provided in Section 16.8 of the Lease, and Tenant may disclose the same to the parties to whom disclosure of confidential information is permitted under said Section 16.8, including Tenant’s outside counsel and tax auditors in connection with the performance of their respective professional services for Tenant, but excluding any Tenant brokers unless Tenant has first obtained Landlord’s prior written consent (which may be withheld by Landlord in its sole and absolute discretion). Any breach of confidentiality by Tenant or any of its principals, officers, employees, agents, contractors, successors or assigns shall entitle Landlord to all rights and remedies under the Lease or at law or in equity and shall have the effect of nullifying this Third Amendment (in which event unpaid amounts during the Relief Months shall become due and payable in accordance with the terms and provisions of the Lease as the same existed prior to this Third Amendment and not as amended hereby within five (5) days of Landlord’s notification of Tenant’s breach of this Section 3 and nullification of this Third Amendment).

  4.	It is understood that this Third Amendment applies to, and modifies, only Tenant’s obligation to pay the Monthly Recurring Rent Charges and only for the Relief Months, and thereafter Tenant’s obligations will be governed by the existing terms of the Lease, unless Landlord and Tenant have agreed in writing to different terms. The parties agree that except as otherwise modified by this Third Amendment, the Lease remains in full force and effect and is hereby ratified, approved and confirmed.

  5.	Except as otherwise expressly provided herein, all capitalized terms used herein without definition shall have the same meanings as are set forth in the Lease.

  6.	Each of Landlord and Tenant hereby represents and warrants to the other that all necessary action has been taken to enter this Third Amendment and that the person signing this Third Amendment on its behalf has been duly authorized to do so.

  7.	The parties acknowledge and agree that this Third Amendment may be executed by electronic signature, which shall be considered as an original signature for all purposes and shall have the same force and effect as an original signature. Without limitation, “electronic signature” shall include faxed versions of an original signature or electronically scanned and transmitted versions (e.g., via pdf) of an original signature.

   

   

  [page ends here]

   

   

  3

   

  1265 Main Street/Amendments/Clarks Third Amendment(C)

   

  

   

  			
	EXECUTED as of the date and year first above written.
 

	 
	LANDLORD:
 

	 
	1265 MAIN OFFICE SUBSIDIARY LLC, a Delaware limited liability company
 

	 
	BY: 1265 MAIN OFFICE JV LLC, 
its Managing Member

	 
	 
BY: BP 1265 MAIN LLC, its Manager

	 
	 
BY: BOSTON PROPERTIES LIMITED PARTNERSHIP, 
its Managing Member
 

	 
	 

	 
	 
TENANT:

	 
	 
CLARKS AMER1CAS, INC., a Delaware corporation
 

	 
	By:
	 

	 
	Name:
	 

	 
	Title:
	 

   

  4

   

  1265 Main Street/Amendments/Clarks Third Amendment(C)

   

  

   

  			
	EXECUTED as of the date and year first above written.

	 
	 
LANDLORD:
 

	 
	1265 MAIN OFFICE SUBSIDIARY LLC, a Delaware 
limited liability company

	 
	BY: 1265 MAIN OFFICE JV LLC, 
its Managing Member

	 
	 
BY: BP 1265 MAIN LLC, its Manager
 

	 
	BY: BOSTON PROPERTIES LIMITED
        PARTNERSHIP,
its Managing Member  

	 
	 
BY: BOSTON PROPERTIES, INC.,
        its General Partner

	 
	By:
	 

	 
	Name:
	 

	 
	Title:
	 

	 
	 
	 

	 
	 
TENANT:

	 
	 
 CLARKS AMERICAS, INC., a Delaware corporation
 

	 
	 

   

  4

   

  1265 Main Street/Amendments/Clarks Third Amendment(C)

   

  

   

  The undersigned, as guarantor of the Tenant’s obligations under the Lease pursuant to Guaranty dated April 30, 2015 (the “Guaranty”), hereby consents to the terms contained in this Third Amendment and acknowledges and agrees that, notwithstanding this Third Amendment, the Guaranty shall remain in full force and effect in accordance with the terms thereof.

   

   

  GUARANTOR:

   

   

   

   

  5

   

  1265 Main Street/Amendments/Clarks Third Amendment(C)

   

  

   

  FOURTH AMENDMENT TO LEASE

   

  THIS FOURTH AMENDMENT TO LEASE (the “Fourth Amendment”) dated as of this 28 day of January, 2021 by and between 1265 MAIN OFFICE SUBSIDIARY LLC, a Delaware limited liability company (“Landlord”), and CLARKS AMERICAS, INC., a Delaware corporation (“Tenant”).

   

  RECITALS

  WHEREAS, by Lease dated April 30, 2015 (as amended by a certain First Amendment to Lease dated July 11, 2016, a certain Second Amendment to Lease dated January 17, 2017, and a certain Third Amendment to Lease dated May 21, 2020, the “Lease”), Landlord did lease to Tenant and Tenant did hire and lease from Landlord certain premises (the “Premises”) comprised of the building numbered 60 Tower Road, Waltham, Massachusetts (the “Building”), all as described with greater specificity in the Lease.

  WHEREAS, in accordance with Section 16.29 of the Lease, C&J Clark Limited, a company incorporated and registered in England and Wales with company number 3314066 (the “Existing Guarantor”), executed and delivered to Landlord a Guaranty of Lease dated as of April 30, 2015 (the “Existing Guaranty”).

  WHEREAS, pursuant to that certain investment agreement dated as of October 16, 2020 (the “Acquisition Agreement”), LionRock Capital Partners QiLe, L.P. will acquire a majority interest in the Replacement Guarantor (as defined below) (the “Transaction”), and as part of the Transaction, all assets and liabilities of Existing Guarantor will be transferred to C&J Clark (No. 1) Limited, a company incorporated and registered in England and Wales with company number 03342369 (the “Replacement Guarantor”).

  WHEREAS, in connection with the Transaction and at Tenant’s request, Landlord and Tenant have agreed to replace the Existing Guarantor with the Replacement Guarantor, upon the terms and conditions set forth herein.

  NOW THEREFORE, in consideration of One Dollar ($1.00) and other good and valuable consideration in hand this date paid by each of the parties to the other, the receipt and sufficiency of which are hereby severally acknowledged, and in further consideration of the mutual promises herein contained, Landlord and Tenant hereby agree to and with each other as follows:

  1.	On the date on which the closing of the Transaction is consummated pursuant to the Acquisition Agreement (the “Transaction Closing Date”), the Existing Guarantor shall be released from any and all obligations and liabilities under the Existing Guaranty (said release to be evidenced by a separate Release of Guaranty executed by Landlord and dated as of the Transaction Closing Date), and immediately thereafter on the Transaction Closing Date, the Replacement Guarantor shall execute and deliver to Landlord a guaranty dated as of the Transaction Closing Date and in the form attached hereto as Exhibit A (the “Replacement Guaranty”). The Transaction Closing Date is currently anticipated to occur on January 29, 2021

   

   

  1

  1265 Main Street/Amendments/Clarks Fourth Amendment (d)

   

  

   

  2.	Upon the release of the Existing Guarantor and Replacement Guarantor’s execution and delivery to Landlord of the Replacement Guaranty pursuant to Section 1 above:

  A.	The definition of “Guarantor” in Section 1.2 of the Lease shall be deleted in its entirety and replaced with the following:

  “Guarantor:	C&J Clark (No. 1) Limited, a company incorporated and

  			registered in England and Wales with company number 03342369.”

  B.	All references in the Lease to the “Tenant Guaranty” shall be deemed to be references to the Replacement Guaranty.

  3.	Except as otherwise expressly provided herein, all capitalized terms used herein without definition shall have the same meanings as are set forth in the Lease.

  4.	Each of Landlord and Tenant hereby represents and warrants to the other that all necessary action has been taken to enter this Fourth Amendment and that the person signing this Fourth Amendment on its behalf has been duly authorized to do so.

  5.	The parties acknowledge and agree that this Fourth Amendment may be executed by electronic signature, which shall be considered as an original signature for all purposes and shall have the same force and effect as an original signature. Without limitation, “electronic signature” shall include faxed versions of an original signature or electronically scanned and transmitted versions (e.g., via pdf) of an original signature.

   

   

  [page ends here]

   

  2

  Signature Page - 1265 Main Street/Amendments/Clarks Fourth Amendment (d)

  

   

  				
	EXECUTED as of the date and year first above written.

	 
	 
LANDLORD:

	 
	 
1265 MAIN OFFICE SUBSIDIARY LLC, a Delaware
 limited liability company
 

	 
	BY: 1265 MAIN OFFICE JV LLC, 
its Managing Member
 

	 
	BY: BP 1265 MAIN LLC, its Manager
 

	 
	    BY: BOSTON PROPERTIES LIMITED 
           PARTNERSHIP, 
    its Managing Member
 

	 
	    BY: BOSTON PROPERTIES, INC., 
    its General Partner
 

	 
	 

	 
	By:
	 

	 
	Name:
	Patrick Mulvihill

	 
	Title:
	SVP, Leasing

	 
	 

	 
	TENANT:

	 
	 
CLARKS AMERICAS, INC., a Delaware corporation

	 
	 

	 
	By:
	 

	 
	Name:
	Thomas J. White

	 
	Title:
	SVP, General Counsel

   

  3

  Signature Page - 1265 Main Street/Amendments/Clarks Fourth Amendment (d)

  

   

  EXHIBIT A

   

  Form of Replacement Guaranty

   

  [Attached]

  4

  Signature Page - 1265 Main Street/Amendments/Clarks Fourth Amendment (d)

  

   

  GUARANTY OF LEASE

   

   

  THIS GUARANTY is made as of the _____ day of January, 2021 (the “Effective Date”) by C&J CLARK (NO. 1) LIMITED, a company incorporated and registered in England and Wales with company number 03342369 (“Guarantor”), whose registered office is at 40 High Street, Somerset, BA 16 OEQ England, Attention: Company Secretary and Head of Legal, to 1265 Main Office Subsidiary LLC (“Landlord”), having an address at c/o Boston Properties, Inc., 800 Boylston Street, Boston, Massachusetts 02199.

   

  WHEREAS, Landlord has leased to Clarks Americas, Inc. (“Tenant”) the entire leasable rentable area (the “Premises”) of the building located at 1265 Main Street, Waltham, Massachusetts, pursuant to that certain lease by and between Landlord and Tenant dated as of April 30, 2015 (as the same may have been previously amended or modified or may hereafter be amended or modified, the “Lease”); and

  WHEREAS, Guarantor is materially benefited by the Lease and Landlord’s execution of the Lease constitutes good, valuable and sufficient consideration for Guarantor’s execution of this Guaranty; and

  WHEREAS, the undertaking by Guarantor to execute and deliver this Guaranty is a material inducement to Landlord to enter into the Lease.

  NOW, THEREFORE, in consideration of these premises, and of other good and valuable consideration, the receipt and sufficiency of which hereby are acknowledged, Guarantor agrees with Landlord as follows:

  1.	(a) Guarantor unconditionally and irrevocably guarantees the due and punctual payment of rent, operating expenses, additional rent and all other sums payable by Tenant pursuant to the terms and conditions of the Lease (whether arising before or after the Effective Date) including any amendments thereto. If for any reason any sums described herein pursuant to the terms and conditions of the Lease shall not be paid promptly when due (“Payment Breach”), Guarantor will, within five (5) business days after notice from Landlord to Guarantor (or any later time if provided by the Lease), cure a Payment Breach by paying the same to the person entitled thereto pursuant to the Lease regardless of (i) whether Landlord shall have taken any steps to enforce any rights against Tenant or any other person to collect such sum or any part thereof, (ii) the termination of the Lease, or (iii) any Tenant’s petition in any court, whether or not pursuant to any statute of the United States or any State, in any bankruptcy, reorganization, composition, extension, arrangement or insolvency proceeding or receiver, guardian, conservator, trustee in involuntary bankruptcy or other similar officer is appointed to take charge of all or any substantial part of Tenant’s property by a court of competent jurisdiction (each a “Bankruptcy Event”). Guarantor also agrees to pay to Landlord the cost of collecting any sums described herein and all other reasonable costs of enforcing this Guaranty, including, without limitation, court costs and attorneys’ fees.

  (b)	Guarantor unconditionally and irrevocably guarantees the due and prompt performance and observance of each and every covenant, obligation and agreement in the Lease

  Exhibit A

  Page 1

  1265 Main Street/Amendments/Clarks Fourth Amendment (d)

  

   

  required to be performed and observed by Tenant under the Lease (whether arising before or after the Effective Date). If for any reason Tenant shall fail to perform or observe each and every covenant, obligation and agreement required to be performed and observed by Tenant (other than a Payment Breach as described above) as set forth in the Lease (“Non-Monetary Breach”), Guarantor will, promptly after notice thereof from Landlord, cause such covenant, obligation or agreement to be performed and observed in accordance with the terms of the Lease regardless of (i) whether Landlord shall have taken any steps to enforce such covenant, obligation or agreement against Tenant or any other person, (ii) the termination of the Lease, or (iii) any Bankruptcy Event. Guarantor also agrees to pay to Landlord such further amount as shall be incurred by Landlord as a result of Tenant’s failure to perform or observe any covenant, obligation or agreement and all other reasonable costs of enforcing this Guaranty, including, without limitation, court costs and reasonable attorney’s fees.

   

  (c)	Guarantor further agrees to be liable to Landlord for all damages, costs and expenses (including without limitation, court costs and reasonable attorney’s fees) suffered by Landlord on account of any default by Tenant under the Lease (whether arising before or after the Effective Date) but subject to any limitations expressly set forth in the Lease. Landlord shall look solely to the assets of Guarantor to enforce Guarantor’s obligations under this Guaranty and no partner, shareholder, director, officer, principal, member, manager, representative, employee or agent, directly and indirectly, of Guarantor shall be personally liable for the performance of Guarantor’s obligations under this Guaranty and, except for Tenant’s liability under Section 16.18 of the Lease, in no event shall Guarantor ever be liable to Landlord for any indirect or consequential damages or loss of profits or the like. All amounts owed by Guarantor to Landlord under this Guaranty shall bear interest at the Default Rate (as defined in the Lease) from the date due until the date paid to Landlord.

  (d)	This Guaranty (i) is irrevocable, unconditional and absolute, (ii) is a guaranty of full payment and performance (and not merely collection), and (iii) and is a continuing guaranty (and not a guaranty from month-to-month or a periodic guaranty).

  (e)	Guarantor assumes the responsibility to remain informed of the financial condition of Tenant and of all other circumstances bearing upon the risk of Tenant’s default, which reasonable inquiry would reveal, and agrees that Landlord shall have no duty to advise Guarantor of information known to it regarding such condition or any such circumstance.

  2.	(a) The obligations, covenants and agreements of Guarantor under this Guaranty shall in no way be affected or impaired for any reason whatsoever, and Guarantor shall have no defense whatsoever to the enforcement of this Guaranty, including without limitation, by reason of the happening from time to time of any of the following, whether or not Guarantor has been notified thereof or consented thereto:

   

   (i)	the waiver by Landlord of the performance or observance by Tenant, Guarantor or any other party of any of the agreements, covenants or conditions contained in the Lease or this Guaranty;

   

  Exhibit A

  Page 2

  1265 Main Street/Amendments/Clarks Fourth Amendment (d)

  

   

  (ii)	payment by Tenant or Guarantor of any sums owing or payable under the Lease or this Guaranty;

  (iii)	any assignment of the Lease or subletting of the Premises or any part thereof and this Guaranty may not be assigned without Landlord’s express consent;

  (iv)	the modification or amendment (whether material or otherwise) of any of the obligations of Tenant or Guarantor under the Lease or this Guaranty;

  (v)	the doing or the omission of any of the acts referred to in the Lease or this Guaranty (including, without limitation, the giving of any consent referred to therein);

  (vi)	any failure, omission or delay on the part of Landlord to enforce, to assert or to exercise any right, power or remedy conferred on or available to Landlord in or by the Lease or this Guaranty, or any action on the part of Landlord granting indulgence or extension in any form whatsoever;

  (vii)	the voluntary or involuntary liquidation, dissolution or sale of all or substantially all of the assets, marshalling of assets and liabilities, receivership, conservatorship, insolvency, bankruptcy, assignment for the benefit of creditors, reorganization, arrangement, composition or readjustment of, or other similar proceeding affecting Tenant or Guarantor or any of their assets;

  (viii)	the release of Tenant or Guarantor from the performance or observation of any of the agreements, covenants, terms or conditions contained in the Lease or this Guaranty by operation of law;

  (ix)	any renewal or extension of the term of the Lease;

  (x)	the breach of or the default under the Lease by Tenant;

  (xi)	any invalidity, illegality or unenforceability of the Lease, or the termination or expiration of the Lease;

   

  (xii)	the single or partial exercise of Landlord’s rights under this Guaranty.

   

  Exhibit A

  Page 3

  1265 Main Street/Amendments/Clarks Fourth Amendment (d)

  

   

  (b)	To the extent not prohibited by law, Guarantor hereby expressly waives (i) any right Guarantor may now or hereafter have to any hearing prior to the attachment of any real or personal property of Guarantor to satisfy the obligations of Guarantor hereunder and (ii) the benefits of any present or future constitution, statute or rule of law which exempts property from liability for debt.

   

  3.	Guarantor hereby expressly waives:

  (a)	the protection of any statute or rule of law requiring Landlord to deliver any notice to Guarantor or to pursue or exhaust any remedies against Tenant prior to proceeding against Guarantor in the event of default by Tenant under the Lease; and

  (b)	Except for the notices provided in Subsections 1(a) and 1(b) of this Guaranty, notice of acceptance of this Guaranty, notice of any obligations or liabilities contracted or incurred by Tenant, diligence, presentment, protest and notice of dishonor, non-payment or non-performance.

  Guarantor, separate and distinct from Tenant, further waives any defense arising by reason of any disability of Tenant or by reason of any legal or equitable releases or discharge of the obligations of Tenant under the Lease. Guarantor further agrees that, in its capacity as a guarantor, it shall not be required to consent to or to receive any notice of any supplement to or amendment of or waiver or modification of the terms and provisions of the Lease.

  4.	Guarantor hereby represents and warrants that:

  (a)	Guarantor is a company incorporated and registered in England and Wales with company number 03342369;

  (b)	The execution, delivery and performance of this Guaranty are within Guarantor’s power and authority, do not contravene the charter or the by-laws of Guarantor or any indenture, mortgage, credit agreement, note, long-term lease or other material agreement to which Guarantor is a party or by which Guarantor is bound; and

  (c)	This Guaranty has been duly authorized, executed and delivered on behalf of Guarantor and constitutes a legal, valid, binding and enforceable obligation of Guarantor.

  5.	(a) In the event of the termination, rejection, disaffirmance or other avoidance of the Lease by Tenant or Tenant’s trustee in bankruptcy pursuant to bankruptcy law or any other law affecting creditors’ rights, Guarantor’s obligations hereunder shall continue to the same extent as if the Lease had not been so terminated, rejected, disaffirmed or otherwise avoided, and Guarantor will, and hereby does (without the necessity of any further agreement or act), assume all obligations and liabilities of Tenant under the Lease to the same extent as if (i) Guarantor were originally named Tenant under the Lease, and (ii) there had been no such rejection, disaffirmance or other avoidance, and Guarantor will confirm such assumption in writing promptly at the request of Landlord upon or after such rejection, disaffirmance or other avoidance. Guarantor shall and does hereby waive all rights and benefits which might, in whole or in part, relieve Guarantor from the performance of its duties and obligations under this Guaranty by reason of any bankruptcy, insolvency, reorganization, arrangement, composition, readjustment, liquidation, dissolution or 

   

  Exhibit A

  Page 4

  1265 Main Street/Amendments/Clarks Fourth Amendment (d)

  

   

  similar proceeding, and Guarantor agrees that it is and shall be liable for all payment and performance guaranteed hereunder, without regard to any modification, limitation or discharge of the liability of Tenant that may result from such proceedings. Furthermore, the obligations of Guarantor hereunder will not be discharged by:

  (i) any waiver, consent or other action or inaction or any exercise or non-exercise of any right, remedy or power with respect to Tenant or any change in the structure of Tenant; or

  (ii) any change in ownership of the shares of capital stock of Guarantor or Tenant or any other merger or consolidation of either of them into or with any other person.

  (b) No payment by Guarantor pursuant to any provision of this Guaranty shall entitle Guarantor, by subrogation, indemnification or otherwise, to the rights of Landlord, to any payment by Tenant, or to any recovery from any property of Tenant. Guarantor waives any right Guarantor may now or hereafter have against Tenant (and/or any other guarantor of Tenant’s obligations under the Lease) with respect to this Guaranty (including, without limitation, any right of subrogation, reimbursement, exoneration, contribution, indemnification or similar right, and any right to participate in any claim, right or remedy of Landlord against Tenant or any security which Landlord may now or hereafter have with respect to the Lease), whether such right arises under an express or implied contract, by operation of law, or otherwise. Guarantor shall be deemed not to be a “creditor” of Tenant by reason of the existence of this Guaranty in the event that Tenant becomes a debtor in any bankruptcy proceeding. The obligations of Guarantor hereunder shall be automatically reinstated if and to the extent that any payment by or on behalf of Tenant under the Lease is rescinded or must otherwise be restored by Landlord as a result of any proceeding in bankruptcy or reorganization or similar proceedings. In the event action is taken against the Guarantor, in addition to the attorneys’ fees and costs for which the Guarantor is liable to the Landlord arising from the Tenant’s breach, all reasonable attorneys’ fees and costs incurred in addition thereto in taking action and pursuing it against the Guarantor shall be paid by the Guarantor. The Landlord may file an affidavit from its attorney with the court as to such attorneys’ fees past, present, and to be reasonably incurred in future activity, and the court may act upon the affidavit; Guarantor hereby waives any hearing as to the issue of attorneys’ fees.

   

  6.	(a) This Guaranty shall be construed in accordance with the laws of the Commonwealth of Massachusetts (without regard to the application of choice of law principles).

   

  (b) Guarantor represents, warrants and covenants that all financial information regarding Guarantor that has been delivered to Landlord is true, correct and complete in all material respects as of the date reflected in such financial information. Upon receipt of a written request from Landlord (which may be delivered not more frequently than once per calendar year except in connection with a proposed sale or financing of the Property), Guarantor shall deliver to Landlord, within ten (10) business days’ following Landlord’s request, Guarantor’s consolidated financial statements, audited by Chartered Accountants in their role as Statutory Auditor (or a similarly qualified accountant), for the then most currently available fiscal year stating, among other things, Guarantor’s revenues and net income, net worth/assets and liabilities. Guarantor shall make a senior member of its finance team available to answer any questions Landlord may have concerning such financial statements and shall deliver any additional information reasonably

   

  Exhibit A

  Page 5

  1265 Main Street/Amendments/Clarks Fourth Amendment (d)

  

   

  requested by Landlord to clarify or verify the data shown on the statements provided pursuant to the preceding sentence, provided Landlord agrees to be bound by the confidentiality provisions of Section 16.8 of the Lease with respect to such information.

  (c)	This Guaranty may not be modified or amended except by a written agreement duly executed by Guarantor and Landlord.

  (d)	Guarantor’s liability hereunder shall be personal and primary and not secondary, and shall be joint and several with that of Tenant and any other guarantors. No waiver, release or modification of the obligations of any such person or entity shall affect the obligations of any other such person or entity. Landlord may proceed against Guarantor under this Guaranty without first initiating or exhausting its remedy or remedies against Tenant or any other guarantors. Landlord may proceed against Tenant, Guarantor and any other guarantors separately or concurrently. Notwithstanding anything in the Lease or this Guaranty to the contrary, Landlord shall have the right to apply or not apply any security deposit or other credit in favor of Tenant as Landlord shall determine in its sole and absolute discretion, and Guarantor’s liability under this Guaranty shall not be affected in any manner thereby. All remedies afforded to Landlord by reason of this Guaranty are separate and cumulative.

  (e)	Within ten (10) business days after Landlord’s written request to Guarantor, Guarantor shall execute and deliver to Landlord a statement in writing confirming reasonable amendments to the Lease that have been mutually agreed upon in writing by Landlord and Tenant, any reasonable amendments to this Guaranty that have been mutually agreed upon in writing by Landlord and Guarantor, whether this Guaranty is in full force and effect, and any reasons or defenses supporting any claim that this Guaranty is not in full force and effect.

  (f)	Any notice which Landlord may elect to send to Guarantor shall be binding upon Guarantor if mailed to Guarantor at the address set forth below or at the last address of Guarantor known to Landlord, by internationally recognized overnight delivery service with receipted evidence of delivery.

  Guarantor’s Address:

  C&J Clark (No. 1) Limited

  Attention: Company Secretary and Head of Legal

  40 High Street

  Somerset BA 16 OEQ

  England

  With a copy of such notice simultaneously sent to: (a) Tenant at the address set forth in and the manner provided in the Lease or such other address as may be designated from time to time as provided in the Lease and (b) Eric R. Allon, Esquire, Bernkopf Goodman LLP, Two Seaport Lane, 9th Floor, Boston, MA 02210 in the manner for notices as provided in the Lease or such other address as may be designated from time to time as provided in the Lease.

  (g)	This Guaranty shall be binding upon Guarantor and its successors and assigns. This Guaranty shall inure to the benefit of, and may be enforced by Landlord and its successors and 

  Exhibit A

  Page 6

  1265 Main Street/Amendments/Clarks Fourth Amendment (d)

  

   

  assigns, including any purchaser at a foreclosure sale or the holder of any deed in lieu of foreclosure. Any references in this Guaranty to “Tenant” shall include the named Tenant and its trustee in bankruptcy, receiver, conservator and other successors and assigns. Notwithstanding anything contained herein to the contrary, Landlord shall look solely to the assets of Guarantor to enforce Guarantor’s obligations under this Guaranty and no partner, shareholder, director, officer, principal, employee or agent, directly and indirectly, of Guarantor shall be personally liable for the performance of Guarantor’s obligations under this Guaranty and, except for Tenant’s liability under Section 16.18 of the Lease, in no event shall Guarantor ever be liable to the Landlord for any indirect or consequential damages or loss of profits or the like.

  (h)	For the purposes of this Guaranty, all capitalized terms used herein shall have the meaning set forth in the Lease.

  (i)	In the event any provision of this Guaranty is held to be invalid or unenforceable, all other provisions of this Guaranty shall, nevertheless, remain valid and enforceable.

  (j)	Section and paragraph headings in this Guaranty are included herein for convenience of reference only and shall not modify, define, expand or limit any of the terms or provisions of this Guaranty.

  (k)	GUARANTOR AND LANDLORD EACH HEREBY WAIVES TRIAL BY JURY IN ANY PROCEEDING, BROUGHT ON, UNDER OR BY VIRTUE OF THIS GUARANTY.

  (l)	Notwithstanding any other provision of this Guaranty or the Lease, Guarantor and Landlord hereby agree that any dispute, controversy or claim against Guarantor relating to enforcement of this Guaranty, including the formation, interpretation, breach or termination thereof, including whether the claims asserted are arbitrable, will be referred to and finally determined by arbitration in accordance with the JAMS International Arbitration Rules. The tribunal will consist of three arbitrators to be selected by JAMS. The place of arbitration will be the jurisdiction in which the Property is located. The language to be used in the arbitral proceedings will be English. Judgment upon the award rendered by the arbitrator may be entered by any court having jurisdiction thereof. Guarantor appoints C T Corporation System, 155 Federal Street, Suite 700, Boston, MA 02110, as Guarantor’s agent for receipt of service of any notice on Guarantor’s behalf in connection with any claim, writ, attachment, execution or discovery or supplementary proceedings in connection with the enforcement of this Guaranty. Service of any claim or notice shall be effected by mailing, postage prepaid, by certified mail, return receipt requested, or by a recognized international overnight courier service such as Federal Express, both to Guarantor’s agent at the foregoing address and to Guarantor as provided in Section 6(f) of this Agreement. Service shall be deemed effective upon receipt. This consent to arbitration is not intended to modify the provisions in the Lease providing for the jurisdiction of the courts located in Massachusetts to decide matters relating to disputes between Landlord and Tenant arising out of the Lease or Tenant’s occupancy of the Premises.

  (m)	As an inducement to Landlord to enter into the Lease, Guarantor hereby represents and warrants that: (i) Guarantor is not, nor is it owned or controlled directly or indirectly by, any person, group, entity or nation named on any list issued by the Office of Foreign Assets Control

  Exhibit A

  Page 7

  1265 Main Street/Amendments/Clarks Fourth Amendment (d)

  

   

  of the United States Department of the Treasury (“OFAC”) pursuant to Executive Order 13224 or any similar list or any law, order, rule or regulation or any Executive Order of the President of the United States as a terrorist, “Specially Designated National and Blocked Person” or other banned or blocked person (any such person, group, entity or nation being hereinafter referred to as a “Prohibited Person”); (ii) Guarantor is not (nor is it owned or controlled, directly or indirectly, by any person, group, entity or nation which is) acting directly or indirectly for or on behalf of any Prohibited Person; and (iii) from and after the effective date of the above-referenced Executive Order, Guarantor (and any person, group, or entity which Guarantor controls, directly or indirectly) has not conducted nor will conduct business nor has engaged nor will engage in any transaction or dealing with any Prohibited Person in violation of the U.S. Patriot Act or any OFAC rule or regulation, including without limitation any assignment of this Guaranty or the making or receiving of any contribution of funds, goods or services to or for the benefit of a Prohibited Person in violation of the U.S. Patriot Act or any OFAC rule or regulation. In connection with the foregoing, it is expressly understood and agreed that (x) any breach by Guarantor of the foregoing representations and warranties shall be deemed a default by Guarantor hereunder and shall be covered by the default provisions of this Guaranty, and (y) the representations and warranties contained in this subsection shall be continuing in nature and shall survive the expiration or earlier termination of this Guaranty.

   

   

  [Remainder of Page Intentionally Blank]

  Exhibit A

  Page 8

  1265 Main Street/Amendments/Clarks Fourth Amendment (d)

  

   

  IN WITNESS WHEREOF, Guarantor has caused this Guaranty to be executed as of the date first above written.

   

  			
	 
	GUARANTOR
C&J CLARK (NO. 1) LIMITED

	 
	By:
	 

	 
	Name:
	 

	 
	Title:
	 

   

   

  g

  Exhibit A

  Page 9

  1265 Main Street/Amendments/Clarks Fourth Amendment (d)EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 

FIRST AMENDMENT TO CREDIT AGREEMENT 

This FIRST AMENDMENT TO CREDIT AGREEMENT (this “Amendment” or “Agreement”), dated as of
December 21, 2021, among FORRESTER RESEARCH, INC., a Delaware corporation (the “Borrower”), each Loan Party (as defined in the Credit Agreement referred to below), the Lenders (as defined in the Credit Agreement
referred to below) and JPMORGAN CHASE BANK, N.A., as administrative agent (in such capacity, together with it successors and permitted assigns in such capacity, the “Administrative Agent”). 

BACKGROUND 
 A. The
Borrower, the Lenders (as defined therein) from time to time party thereto and the Administrative Agent are party to that certain Credit Agreement dated as of January 3, 2019 (as amended and in effect on the date hereof, prior to the
effectiveness of this Amendment, the “Existing Credit Agreement” and, as modified by this Amendment, the “Credit Agreement”), reflecting certain financing arrangements among the parties thereto. All
capitalized terms used and not otherwise defined herein shall have the meanings ascribed thereto in the Credit Agreement, as amended hereby. 

B. The Borrower has requested, and the Administrative Agent and the Lenders have agreed, to amend the Existing Credit Agreement to increase the
Revolving Credit Commitment to $150,000,000, to convert the outstanding principal amount of the Tranche A Term Loans on the First Amendment Effective Date to Revolving Credit Loans and; in connection therewith, to modify certain other terms and
provisions of the Existing Credit Agreement, in each instance on the terms and subject to the conditions contained in this Amendment. 

NOW, THEREFORE, in consideration of the mutual promises contained herein, and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
 Section 1. Amendments to
Existing Credit Agreement. Subject to the satisfaction of each of the conditions set forth in Section 2 hereof, effective upon the First Amendment Effective Date (defined below), the Existing Credit Agreement is amended as follows: 

(a) the Existing Credit Agreement shall be amended to delete the stricken text (indicated textually in the same manner as the following
example: stricken text) and to add the double-underlined text (indicated textually in the same manner as the
following example: double-underlined text) as set forth in
the pages of the Credit Agreement attached as Annex I hereto; 
 (b) the Existing Credit Agreement shall be amended by deleting
Schedule 1.1A (Commitments) thereto and inserting in lieu thereof the form of Schedule 1.1A (Commitments) attached hereto; 
 (c) the
Existing Credit Agreement shall be amended by deleting Exhibit B (Form of Compliance Certificate) thereto and inserting in lieu thereof the form of Exhibit B (Form of Compliance Certificate) attached hereto; and 

 (d) the Existing Credit Agreement shall be amended by deleting Exhibit I (Form of Notice of
Borrowing or Conversion or Continuation) thereto and inserting in lieu thereof the form of Exhibit I (Form of Notice of Borrowing or Conversion or Continuation) attached hereto. 

Section 2. Conditions Precedent. This Amendment shall be effective upon the date of satisfaction (or written waiver
by the Required Lenders) of the conditions precedent set forth in this Section 2 (the “First Amendment Effective Date”): 

(a) The Administrative Agent shall have received counterparts of this Agreement, duly executed and delivered by the Lenders and each of the
Loan Parties that are party hereto. 
 (b) The Administrative Agent shall have received (i) a certificate of each Loan Party, dated the
First Amendment Effective Date, substantially in the form of Exhibit C-1 to the Existing Credit Agreement, with appropriate insertions and attachments, (ii) a long form good standing certificate for each Loan Party from its jurisdiction of
organization, incorporation or other organization, as applicable, and (iii) a certificate from a Responsible Officer of the Borrower, dated the First Amendment Effective Date, substantially in the form of Exhibit C-2 to the Existing Credit
Agreement. 
 (c) The Administrative Agent shall have received a solvency certificate, dated as of the First Amendment Effective Date, from
an authorized officer of the Borrower, substantially in the form of Exhibit D to the Existing Credit Agreement. 
 (d) The Administrative
Agent shall have receive the legal opinion of Skadden, Arps, Slate, Meagher & Flom, LLP, counsel to the Borrower and its Restricted Subsidiaries, in substance reasonably acceptable to the Administrative Agent. 

(e) All fees and expenses required to be paid to the Administrative Agent and the Lenders pursuant to the Fee Letter dated November 17,
2021 and Section 10.05 of the Credit Agreement relating to this Amendment (in the case of legal expenses, to the extent invoiced at least three (3) Business Days prior to the First Amendment Effective Date) shall have in each case been
paid. 
 The Administrative Agent shall notify the Borrower and each Lender of the First Amendment Effective Date, which notice shall be
conclusive. 
 Section 3. Reaffirmation and Ratification of the Loan Parties; Lien Grant. Each Loan Party hereby
consents to the amendment of the Existing Credit Agreement effected hereby and confirms and agrees that, notwithstanding the effectiveness of this Agreement, each Loan Document to which such Loan Party is a party is, and the obligations of such Loan
Party contained in the Existing Credit Agreement, the Credit Agreement, this Amendment or in any other Loan Document to which it is a party are, and shall continue to be, in full force and effect and are hereby reaffirmed, ratified and confirmed in
all respects, in each case as amended by this Agreement. For greater certainty and without limiting the foregoing, each of the Loan Parties as debtor, grantor, pledgor, guarantor, assignor, or in other any other similar capacity in which such Loan
Party grants Liens or security interests in its property or otherwise acts as accommodation party or guarantor, as the case may be, hereby (i) ratifies and reaffirms all of its payment and performance obligations, contingent or otherwise, under
each of the Loan Documents to which it is a party and (ii) to the extent such Loan Party granted Liens on or security interests in any of its property pursuant to any such Loan Document as security for or otherwise guaranteed the Obligations
under or with respect to the Loan Documents, ratifies and reaffirms such guarantee and grant of security interests and Liens and confirms and agrees that such security interests and Liens hereafter secure and shall continue to secure all of the
Obligations, as amended hereby. 

  
 - 2 - 

 Section 4. Amendment, Modification and Waiver. This Agreement may
not be amended, modified or waived except in accordance with Section 10.1 of the Credit Agreement. 
 Section 5.
Entire Agreement. This Agreement, the Existing Credit Agreement, the Credit Agreement and the other Loan Documents constitute the entire agreement among the parties hereto with respect to the subject matter hereof and thereof and
supersede all other prior agreements and understandings, both written and verbal, among the parties hereto with respect to the subject matter hereof. Except as expressly set forth herein, this Agreement shall not by implication or otherwise limit,
impair, constitute a waiver of, or otherwise affect the rights and remedies of any party under, the Existing Credit Agreement, nor alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained
in the Existing Credit Agreement, all of which are ratified and affirmed in all respects and shall continue in full force and effect. It is understood and agreed that (a) each reference in the Credit Agreement to “this Agreement,”
“hereunder,” “hereof,” “herein,” or words of like import shall mean and be a reference to the Existing Credit Agreement as amended hereby, (b) each reference in each Loan Document to the Credit Agreement, whether
direct or indirect, shall hereafter be deemed to be a reference to the Existing Credit Agreement as amended hereby, and (c) this Agreement is a Loan Document. This Agreement shall not constitute a novation of any amount owing under the Existing
Credit Agreement and all amounts owing in respect of principal, interest, fees and other amounts pursuant to the Existing Credit Agreement and the other Loan Documents shall, to the extent not paid or converted on or prior to the First Amendment
Effective Date, in accordance with the terms hereof, shall continue to be owing under the Credit Agreement or such other Loan Documents until paid in accordance therewith. 

Section 6. Successors and Assigns. The provisions of this Agreement shall be binding upon and inure to the benefit
of the parties hereto and their respective successors and assigns; provided that the Loan Parties shall not have the right to assign any rights or obligations under this Agreement. 

Section 7. GOVERNING LAW; JURISDICTION; WAIVER OF JURY TRIAL. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. SECTIONS 10.11, 10.12, 10.13 and 10.15 OF THE EXISTING CREDIT AGREEMENT ARE HEREBY INCORPORATED BY REFERENCE INTO THIS AGREEMENT MUTATIS MUTANDIS AND SHALL APPLY HERETO. 

  
 - 3 - 

 Section 8. Severability. In the event any one or more of the
provisions contained in this Agreement should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and therein, to the fullest extent permitted by applicable
law, shall not in any way be affected or impaired thereby (it being understood that the invalidity of a particular provision in a particular jurisdiction shall not in and of itself affect the validity of such provision in any other jurisdiction).
The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable
provisions. 
 Section 9. Counterparts. This Agreement may be executed in counterparts (and by different parties
hereto on different counterparts), each of which shall constitute an original but all of which when taken together shall constitute a single contract. Signature pages may be detached from multiple separate counterparts and attached to a single
counterpart. Delivery of an executed signature page to this Agreement by facsimile transmission or other customary means of electronic transmission (e.g., “pdf”) shall be as effective as delivery of a manually signed counterpart of this
Agreement. The words “execution,” “signed,” “signature,” “delivery,” and words of like import in or relating to this Agreement shall be deemed to include Electronic Signatures, deliveries or the keeping of
records in any electronic form (including deliveries by facsimile, emailed pdf. or any other electronic means that reproduces an image of an actual executed signature page), each of which shall be of the same legal effect, validity or enforceability
as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be. 

[SIGNATURES ON FOLLOWING PAGE] 

  
 - 4 - 

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

			
	FORRESTER RESEARCH, INC.
	as Borrower
		
	By:	 	 /s/ L. Christian Finn

	Name:	 	L. Christian Finn
	Title:	 	Chief Financial Officer
	
	SIRIUSDECISIONS, INC., as Guarantor
		
	By:	 	 /s/ Ryan Darrah

	Name:	 	Ryan Darrah
	Title:	 	President
	
	 WHITCOMB INVESTMENTS, INC.,
 as
Guarantor

		
	By:	 	 /s/ L. Christian Finn

	Name:	 	L. Christian Finn
	Title:	 	Chief Financial Officer

  
 [Signature Page to First
Amendment to Credit Agreement] 

 
			
	JPMORGAN CHASE BANK, N.A.,
	as the Administrative Agent, and
	Issuing Lender
		
	By:	 	 /s/ Stacy Benham

	Name: Stacy Benham
	Title: Vice President

  
 [Signature Page to First
Amendment to Credit Agreement] 

 
			
	BANK OF AMERICA, N.A., as a Lender
		
	By:	 	 /s/ Robert C. Megan

	Name:	 	ROBERT C. MEGAN
	Title:	 	SENIOR VICE PRESIDENT

  
 [Signature Page to First
Amendment to Credit Agreement] 

 
			
	CITIZENS BANK, N.A., as a Lender
		
	By:	 	 /s/ Sean Riordan

	Name:	 	Sean Riordan
	Title:	 	Vice President

  
 [Signature Page to First
Amendment to Credit Agreement] 

 Annex I 

[attached] 

EXECUTION VERSIONANNEX I 

CREDIT AGREEMENT 
 among 

FORRESTER RESEARCH, INC., 
 as the
Borrower, 
 the several Lenders from time to time parties hereto, 

and 
 JPMORGAN CHASE BANK, N.A.,

 as the Administrative
Agent, 

Dateddated as of January 3, 2019 

JPMORGAN CHASE BANK, N.A. and 

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED 

as Joint Lead Arrangers and Joint Bookrunners 

BANK OF AMERICA, N.A. 
 as
Syndication Agent 

as amended by
the First Amendment to Credit Agreement dated as of December 21, 2021 

 Table of Contents 

 

							
	 ARTICLE I. DEFINITIONS
	  	 	1	 
	 SECTION 1.1
	 	Defined Terms	  	 	1	 
	 SECTION 1.2
	 	Other Definitional Provisions	  	 	4249	 
	 SECTION 1.3
	 	Pro Forma and Other Calculations	  	 	4250	 
	 SECTION 1.4
	 	Currencies 45; Letters of Credit	  	 	53	 
	 SECTION 1.5
	 	Cashless Rollovers	  	 	4654	 
	 SECTION
1.6
	 	Interest Rates; Benchmark Notifications	  	 	54	 
	 SECTION
1.7
	 	Status of Obligations	  	 	55	 
	 SECTION
1.8
	 	Divisions	  	 	55	 
		
	 ARTICLE II.
REFINANCING OF EXISTING TERM LOANS; AMOUNT AND TERMS OF COMMITMENTS
	  	 	4655	 
	 SECTION 2.1
	 	Existing Tranche A Term Loan Commitments	  	 	46Refinancing 57	 
	 SECTION 2.2
	 	Procedure for Term Loan Borrowing	  	 	47[Reserved] 57	 
	 SECTION 2.3
	 	Repayment of Term Loans	  	 	47[Reserved] 57	 
	 SECTION 2.4
	 	Revolving Credit Commitments	  	 	4858	 
	 SECTION 2.5
	 	Procedure for Revolving Credit Borrowing	  	 	4958	 
	 SECTION 2.6
	 	[Reserved]	  	 	4958	 
	 SECTION 2.7
	 	[Reserved]	  	 	4958	 
	 SECTION 2.8
	 	Repayment of Loans	  	 	4959	 
	 SECTION 2.9
	 	Commitment Fees, etc.	  	 	5059	 
	 SECTION 2.10
	 	Termination or Reduction of Revolving Credit Commitments	  	 
	5060
	 
	 SECTION 2.11
	 	Optional Prepayments	  	 	5160	 
	 SECTION 2.12
	 	Mandatory Prepayments and Commitment Reductions	  	 	5160	 
	 SECTION 2.13
	 	Conversion and Continuation Options	  	 	5362	 
	 SECTION 2.14
	 	Limitations on LIBOR Tranches	  	 	5463	 
	 SECTION 2.15
	 	Interest Rates and Payment Dates	  	 	5463	 
	 SECTION 2.16
	 	Computation of Interest and Fees	  	 	5464	 
	 SECTION 2.17
	 	Inability to Determine Interest Rate	  	 	5564	 
	 SECTION 2.18
	 	Pro Rata Treatment and Payments	  	 	5565	 
	 SECTION 2.19
	 	Requirements of Law	  	 	5766	 
	 SECTION 2.20
	 	Taxes	  	 	5968	 
	 SECTION 2.21
	 	Indemnity	  	 
	6272
	 
	 SECTION 2.22
	 	Alternate Rate of Interest; Illegality	  	 	6372	 
	 SECTION 2.23
	 	Mitigation	  	 	63Illegality; (LIBOR) 75	 
	 SECTION 2.24
	 	Mitigation	  	 	75	 
	 SECTION
2.25
	 	Replacement of Lenders under Certain Circumstances	  	 	6476	 
	 SECTION 2.25
	 	[Reserved]	  	 	64	 
	 SECTION 2.26
	 	[Reserved]	  	 	76	 
	 SECTION
2.27
	 	Refinancing Amendments	  	 	6476	 
	
SECTION 
2.272.28
	 	Defaulting Lenders	  	 	6678	 
	
SECTION 
2.282.29
	 	Incremental Facilities	  	 	6779	 

  
 - i - 

							
	 ARTICLE III. LETTERS OF CREDIT
	  	 	6981	 
	 SECTION 3.1
	 	L/C Commitment	  	 	6981	 
	 SECTION 3.2
	 	Procedure for Issuance of Letters of Credit	  	 	7082	 
	 SECTION 3.3
	 	Commissions, Fees and Other Charges	  	 	7082	 
	 SECTION 3.4
	 	L/C Participations	  	 	7183	 
	 SECTION 3.5
	 	Reimbursement Obligation of the Borrower	  	 	7283	 
	 SECTION 3.6
	 	Obligations Absolute	  	 	7284	 
	 SECTION 3.7
	 	Letter of Credit Payments	  	 	7284	 
	 SECTION 3.8
	 	Applications	  	 	7384	 
	 SECTION 3.9
	 	Cash Collateralization	  	 	7384	 
	 SECTION 3.10
	 	Provisions Related to Refinancing Revolving Credit Commitments	  	 	7384	 
		
	 ARTICLE IV. REPRESENTATIONS AND WARRANTIES
	  	 	7385	 
	 SECTION 4.1
	 	Financial Condition	  	 	7385	 
	 SECTION 4.2
	 	No Change	  	 	7486	 
	 SECTION 4.3
	 	Existence; Compliance with Law	  	 	7486	 
	 SECTION 4.4
	 	Power; Authorization; Enforceable Obligations	  	 	7586	 
	 SECTION 4.5
	 	No Legal Bar	  	 	7587	 
	 SECTION 4.6
	 	No Material Litigation	  	 	7587	 
	 SECTION 4.7
	 	No Default	  	 	7587	 
	 SECTION 4.8
	 	Ownership of Property; Liens	  	 	7587	 
	 SECTION 4.9
	 	Intellectual Property	  	 	7687	 
	 SECTION 4.10
	 	Taxes	  	 	7687	 
	 SECTION 4.11
	 	Federal Regulations	  	 	7688	 
	 SECTION 4.12
	 	Labor Disputes	  	 	7688	 
	 SECTION 4.13
	 	ERISA	  	 	7688	 
	 SECTION 4.14
	 	Investment Company Act; Other Regulations	  	 	7788	 
	 SECTION 4.15
	 	Subsidiaries	  	 
	7788
	 
	 SECTION 4.16
	 	Use of Proceeds	  	 	7789	 
	 SECTION 4.17
	 	Environmental Matters	  	 	7789	 
	 SECTION 4.18
	 	Accuracy of Information, etc.	  	 	7890	 
	 SECTION 4.19
	 	Security Documents	  	 	7990	 
	 SECTION 4.20
	 	Solvency	  	 	7991	 
	 SECTION 4.21
	 	Anti-Corruption Laws and Sanctions	  	 	7991	 
	 SECTION 4.22
	 	EEA Financial Institutions	  	 	8091	 
		
	 ARTICLE V. CONDITIONS PRECEDENT
	  	 	8091	 
	 SECTION 5.1
	 	Conditions to the Effectiveness of this Agreement	  	 	8091	 
	 SECTION 5.2
	 	Conditions to Each Extension of Credit	  	 	8394	 
		
	 ARTICLE VI. AFFIRMATIVE COVENANTS
	  	 	8394	 
	 SECTION 6.1
	 	Financial Statements	  	 	8395	 
	 SECTION 6.2
	 	Certificates; Other Information	  	 	8495	 
	 SECTION 6.3
	 	Payment of Obligations Taxes	  	 	8597	 
	 SECTION 6.4
	 	Conduct of Business and Maintenance of Existence, etc.	  	 	8597	 
	 SECTION 6.5
	 	Maintenance of Property; Insurance	  	 	8697	 

  
 - ii - 

							
	 SECTION 6.6
	 	Inspection of Property; Books and Records; Discussions	  	 	8698	 
	 SECTION 6.7
	 	Notices	  	 	8798	 
	 SECTION 6.8
	 	Environmental Laws	  	 	8799	 
	 SECTION 6.9
	 	Additional Collateral, etc.	  	 	8899	 
	 SECTION 6.10
	 	Additional Covenants Relating to Collateral	  	 	88100	 
	 SECTION 6.11
	 	Post-Closing Covenant	  	 	89101	 
	 SECTION 6.12
	 	Designation of Subsidiaries	  	 	89101	 
		
	 ARTICLE VII. NEGATIVE COVENANTS
	  	 	90102	 
	 SECTION 7.1
	 	Financial Condition Covenants	  	 	90102	 
	 SECTION 7.2
	 	Limitation on Indebtedness	  	 	91103	 
	 SECTION 7.3
	 	Limitation on Liens	  	 	93106	 
	 SECTION 7.4
	 	Limitation on Fundamental Changes	  	 	95108	 
	 SECTION 7.5
	 	Limitation on Sale of Assets	  	 	96108	 
	 SECTION 7.6
	 	Limitation on Restricted Payments	  	 	98110	 
	 SECTION 7.7
	 	[Reserved]	  	 	98111	 
	 SECTION 7.8
	 	Limitation on Investments, Loans and Advances	  	 	99111	 
	 SECTION 7.9
	 	Limitation on Optional Payments and Modifications of Organizational Documents	  	 	100113	 
	 SECTION 7.10
	 	Limitation on Transactions with Affiliates	  	 	100113	 
	 SECTION 7.11
	 	[Reserved]	  	 	101113	 
	 SECTION 7.12
	 	Limitation on Changes in Fiscal Periods	  	 	101113	 
	 SECTION 7.13
	 	Limitation on Negative Pledge Clauses	  	 	101113	 
	 SECTION 7.14
	 	Limitation on Restrictions on Subsidiary Distributions	  	 	101114	 
	 SECTION 7.15
	 	Limitation on Lines of Business	  	 	101114	 
	 SECTION 7.16
	 	Limitation on Use of Proceeds	  	 	101114	 
		
	 ARTICLE VIII. EVENTS OF DEFAULT
	  	 	102114	 
		
	 ARTICLE IX. THE ADMINISTRATIVE AGENT
	  	 	106118	 
	 SECTION 9.1
	 	Appointment	  	 	106118	 
	 SECTION 9.2
	 	Delegation of Duties 106; Posting of Communications	  	 	118	 
	 SECTION 9.3
	 	Exculpatory Provisions	  	 	106120	 
	 SECTION 9.4
	 	Reliance by Administrative Agent	  	 	106120	 
	 SECTION 9.5
	 	Notice of Default	  	 	107121	 
	 SECTION 9.6
	 	Non-Reliance on Administrative Agent and Other Lenders
107; Erroneous Payments	  	 	121	 
	 SECTION 9.7
	 	Indemnification	  	 	108123	 
	 SECTION 9.8
	 	Administrative Agent in Its Individual Capacity	  	 	108123	 
	 SECTION 9.9
	 	Successor Administrative Agents	  	 	108123	 
	 SECTION 9.10
	 	Authorization to Release Liens	  	 	109124	 
	 SECTION 9.11
	 	No Other Duties	  	 	109124	 
		
	 ARTICLE X. MISCELLANEOUS
	  	 	109124	 
	 SECTION 10.1
	 	Amendments and Waivers	  	 	109124	 
	 SECTION 10.2
	 	Notices	  	 	112127	 
	 SECTION 10.3
	 	No Waiver; Cumulative Remedies	  	 	113127	 
	 SECTION 10.4
	 	Survival of Representations and Warranties	  	 	113128	 

  
 - iii - 

							
	 SECTION 10.5
	 	Payment of Expenses 113; Indemnity; Limitation of Liability	  	 	128	 
	 SECTION 10.6
	 	Successors and Assigns; Participations and Assignments	  	 	114129	 
	 SECTION 10.7
	 	Adjustments; Set-off	  	 	119134	 
	 SECTION 10.8
	 	Counterparts 119; Integration; Effectiveness; Electronic Execution	  	 	135	 
	 SECTION 10.9
	 	Severability	  	 	120136	 
	 SECTION 10.10
	 	Integration	  	 	120136	 
	 SECTION 10.11
	 	GOVERNING LAW	  	 	120136	 
	 SECTION 10.12
	 	Submission To Jurisdiction; Waivers	  	 	120137	 
	 SECTION 10.13
	 	Acknowledgements	  	 	121137	 
	 SECTION 10.14
	 	No Advisory or Fiduciary Responsibility	  	 	121138	 
	 SECTION 10.15
	 	WAIVERS OF JURY TRIAL	  	 	122138	 
	 SECTION 10.16
	 	PATRIOT Act	  	 	122138	 
	 SECTION 10.17
	 	Confidentiality	  	 	122138	 
	 SECTION 10.18
	 	Releases	  	 	123139	 
	 SECTION 10.19
	 	Acknowledgement and Consent to Bail-In of EEAAffected Financial Institutions	  	 	124140	 
	 SECTION 10.20
	 	ERISA Matters	  	 	124140	 
	 SECTION
10.21
	 	Acknowledgement Regarding Any Supported QFCs	  	 	142	 

  
 - iv - 

			
	SCHEDULES:	  	
		
	1.1A	  	Commitments
	1.1B	  	Unrestricted Subsidiaries
	4.4	  	Consents, Authorizations, Filings and Notices
	4.6	  	Litigation
	4.9	  	Intellectual Property
	4.15	  	Subsidiaries
	4.19	  	UCC Filing Jurisdictions
	7.2(e)	  	Existing Indebtedness
	7.3(f)	  	Existing Liens
		
	EXHIBITS:	  	
		
	A	  	Form of Guarantee and Collateral Agreement
	B	  	Form of Compliance Certificate
	C-1	  	Form of Secretary’s Certificate
	C-2	  	Form of Closing Certificate
	D	  	Form of Solvency Certificate
	E	  	Form of Assignment and Acceptance
	F-1	  	Forms of U.S. Tax Compliance Certificate
	F-2	  	Forms of U.S. Tax Compliance Certificate
	F-3	  	Forms of U.S. Tax Compliance Certificate
	F-4	  	Forms of U.S. Tax Compliance Certificate
	G	  	Form of Increased Facility Activation Notice
	H	  	Form of Incremental Lender Supplement
	I	  	Form of Borrowing Notice
	J-1	  	Form of Hedge Bank Designation
	J-2	  	Form of Cash Management Bank Designation
	K-1	  	Form of Term Note
	K-2	  	Form of Revolving Note

  
 - vi - 

 CREDIT AGREEMENT (this “Agreement”), dated as of January 3, 2019,
among FORRESTER RESEARCH, INC., a Delaware corporation (the “Borrower”), the Lenders (as defined below) from time to time parties to this Agreement and JPMORGAN CHASE BANK, N.A., as administrative agent (in such capacity, together
with its successors and permitted assigns in such capacity, the “Administrative Agent”). 
 PRELIMINARY STATEMENTS 

Pursuant to the Acquisition Agreement (as this and other
capitalized terms used in these Preliminary Statements are defined in Section 1.1 below), the Borrower will acquire, directly or indirectly, the outstanding equity interests of the
Target. 
 In connection with the Acquisition, the Borrower has requested the Lenders extend credit to the Borrower in the form of: (a) Tranche A Term Loans in an initial
aggregate principal amount of $125,000,000 and (b) Revolving Credit Commitments in an initial aggregate principal amount of $75,000,000. 

The proceeds of 

The
Borrower, the Administrative Agent and the Lenders have agreed to increase the Revolving Credit Commitment to $150,000,000, convert the Tranche
AExisting Term Loans and the proceeds any borrowing
ofreferred to below to Revolving Credit
Loans on the Closing Date will be applied
(i)and, in connection therewith, to paymake the cash consideration for the Acquisition and (ii)changes to pay the Transaction
CostsCredit Agreement set forth herein.

 ARTICLE I. 

DEFINITIONS 
 SECTION
1.1 Defined Terms. As used in this Agreement, the terms listed in this Section 1.1 shall have the respective meanings set forth in this Section 1.1. 

“ABR Loans”: Loans the rate of interest applicable to which is based upon the Alternate Base Rate. 

“Acquisition”: the acquisition by the Borrower, directly or indirectly, of the Target pursuant to the Acquisition Agreement.

 “Acquisition Agreement”: the Agreement and Plan of Merger, entered into as of the Acquisition Signing Date, by and among
the Target, the Borrower, Merger Sub, the founder stockholders named therein and the stockholder representative identified therein, together with all exhibits, schedules, annexes, disclosure letters and attachments thereto. 

“Acquisition Signing Date”: November 26, 2018. 

“Additional
 CapEx Amount”: has the meaning assigned to it in Section 7.1(c)(ii). 

“Adjusted LIBOR Rate”: with respect to any Borrowing of LIBOR Loans for any Interest Period, an interest rate per annum
(rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a) the LIBOR Rate for such Interest Period multiplied by (b) the Statutory Reserves; provided that the Adjusted LIBOR Rate shall not be less than 0% per annum.

  
 - 1 - 

 “Adjustment Date”: as defined in the Pricing Grid. 

“Administrative Agent”: as defined in the preamble hereto. 

“Affected
 Financial Institution”: means (a) any EEA Financial Institution or (b) any UK Financial Institution. 

“Affiliate”: as to any Person, any other Person which, directly or indirectly, is in control of, is controlled by, or is
under common control with, such Person. For purposes of this definition, “control” of a Person means the power, directly or indirectly, to direct or cause the direction of the management and policies of such Person, whether through the
ownership of voting securities, by contract or otherwise. 
 “Aggregate Exposure”: with respect to any Lender at any time,
an amount equal to the sum of (a) the aggregate principal amount of such Lender’s Incremental Term Loans then outstanding and (b) the aggregate amount of such Lender’s Revolving Credit Commitment then in effect or, if the Revolving Credit Commitments have been terminated, the aggregate amount of
such Lender’s Revolving Extensions of Credit then outstanding. 
 “Aggregate Exposure Percentage”: with respect
to any Lender, the ratio (expressed as a percentage) of such Lender’s Aggregate Exposure to the Aggregate Exposure of all Lenders. 

“Agreement”: as defined in the preamble hereto. 

“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 NYFRB Rate in effect on such day plus 1/2 of 1% and (c) the Adjusted LIBOR 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 purpose of this definition, the Adjusted LIBOR Rate for any day shall be based on the LIBOR Screen Rate (or if the LIBOR
Screen Rate is not available for such one month Interest Period, the Interpolated Rate) at approximately 11:00 a.m. London time on such day. Any change in the Alternate Base Rate due to a change in the Prime Rate, the NYFRB Rate or the Adjusted
LIBOR Rate shall be effective from and including the effective date of such change in the Prime Rate, the NYFRB Rate or the Adjusted LIBOR Rate, respectively. If the Alternate Base Rate is being used as an alternate rate of interest pursuant to
Section 2.17 hereof, then the Alternate Base Rate shall be the greater of clauses (a) and (b) above and shall be determined without reference to clause (c) above. If the Alternate Base Rate as so determined would be less than
zero, such rate shall be deemed to be zero for purposes of this Agreement. 
 “Anti-Corruption Laws”: all published
laws, rules and regulations of any jurisdiction applicable to the Borrower and its Subsidiaries from time to time that prohibit bribery or corruption. 

“Applicable Margin”: (a) for Tranche A
Term Loans and Revolving Credit Loans, (i) prior to the first Adjustment Date to occur after the
ClosingFirst Amendment Effective Date, 2.501.50% per annum, in the case of LIBOR Loans, and 1.500.50% per annum, in the case of ABR Loans, and (ii) from and
after the first Adjustment Date to occur after the
ClosingFirst Amendment Effective Date, the
percentage determined in accordance with the Pricing Grid; and (b) for Incremental Term Loans, such per annum rates as shall be agreed by the Borrower and the applicable Incremental Term Loan Lenders as shown in the applicable Increased Facility
Activation Notice. 

  
 - 2 - 

 “Application”: an application, in such form as the Issuing Lender may
reasonably specify from time to time, requesting the Issuing Lender to issue a Letter of Credit. 
 “Approved Electronic Platform”: as defined in Section 9.2(b).

 “Approved Fund”: 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. 
 “AUD”: dollars in lawful currency of Australia. 
 “Arrangers”: JPMorgan Chase Bank, N.A. and Merrill Lynch, Pierce,
Fenner & Smith Incorporated (or any other registered broker-dealer wholly-owned by Bank of America Corporation to which all or substantially all of Bank of America Corporation’s or any of its subsidiaries’ investment banking,
commercial lending services or related businesses may be transferred following the date of this Agreement), in their capacities as joint lead arrangers and joint bookrunners. 

“Asset Sale”: any Disposition of Property or business (including receivables and leasehold interests) or series of related
Dispositions of Property or businesses (including receivables and leasehold interests) (excluding any such Disposition permitted by clause (a), (b), (c), (d), (e), (g), (h), (i), (l), (m) or (n) of Section 7.5) that yields net proceedsNet Cash
Proceeds to the Borrower or any of its Restricted Subsidiaries (valued at the initial principal amount
thereof in the case of non-cash proceeds consisting of notes or other debt securities and valued at fair market value in the case of other non-cash proceeds) in excess of $2,500,0005,000,000
. 
 “Assignee”: as defined in Section 10.6(b)(i). 

“Assignment and Assumption”: an Assignment and Assumption, substantially in the form of Exhibit E. 

“AUD”:
 dollars in lawful currency of Australia. 
 “Available Revolving Credit
Commitment”: as to any Revolving Credit Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Credit Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit
then outstanding. 

“Available
 Tenor”: means, as of any date of determination and with respect to the then-current Benchmark, as applicable, any tenor for such Benchmark (or component thereof) or payment period for interest calculated with reference to such Benchmark (or
component thereof), as applicable, that is or may be used for determining the length of an Interest Period for any term rate or otherwise, for determining any frequency of making payments of interest calculated pursuant to this Agreement as of such date and not including any tenor for
such Benchmark that is then-removed from the definition of “Interest Period” pursuant Section 2.22. 

  
 - 3 - 

 “Bail-In Action”: the exercise of any Write-Down and Conversion Powers by
the applicable EEA Resolution Authority in respect of any liability of an EEAAffected Financial Institution. 
 “Bail-In Legislation”: means (a) with respect to any EEA Member Country implementing
Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing
law, regulation, rule or requirement for such EEA Member
Country from time to time which is described in the EU Bail-In Legislation Schedule and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other
law, regulation or rule applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (other than through liquidation, administration or other insolvency
proceedings). 
 “Bankruptcy Event”: with respect to any
Person, such Person becomes the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator, custodian, assignee for the benefit of creditors or similar Person charged with the reorganization or
liquidation of its business appointed for it, or, in the good faith determination of the Administrative Agent, has taken any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any such proceeding or appointment;
provided that a Bankruptcy Event shall not result solely by virtue of any ownership interest, or the acquisition of any ownership interest, in such Person by a Governmental Authority or instrumentality thereof; provided,
further, that such ownership interest does not result in or provide such Person with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such
Person (or such Governmental Authority or instrumentality) to reject, repudiate, disavow or disaffirm any contracts or agreements made by such Person. 

“Benchmark”:
 means, initially, LIBOR Rate; provided that if a Benchmark Transition Event, a Term SOFR Transition Event, an Early Opt-in Election or an Other Benchmark Rate Election, as applicable, and its related Benchmark Replacement Date have occurred with
respect to LIBOR Rate or the then-current Benchmark, then “Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to clause (c) or clause
(d) of Section 2.22. 
 “Benchmark Replacement”: means, for any Available Tenor, the first alternative set forth in the order below that
can be determined by the Administrative Agent for the applicable Benchmark Replacement Date; provided that, in the case of an Other Benchmark Rate Election, “Benchmark Replacement” shall mean the alternative set forth in (3)
below: 
 1. the sum of (a) Term SOFR and (b) the related Benchmark Replacement Adjustment; 

1. the
 sum of (a) Daily Simple SOFR and (b) the related Benchmark Replacement Adjustment; 

  
 - 4 - 

1. the
 sum of: (a) the alternate benchmark rate that has been selected by the Administrative Agent and the Borrower as the replacement for the then-current Benchmark for the applicable Corresponding Tenor giving due consideration to (i) any
selection or recommendation of a replacement benchmark rate or the mechanism for determining such a rate by the Relevant Governmental Body or (ii) any evolving or then-prevailing market convention for determining a benchmark rate as a
replacement for the then-current Benchmark for dollar-denominated syndicated credit facilities at such time and (b) the related Benchmark Replacement Adjustment; 

provided
that, in the case of clause (1), such Unadjusted Benchmark Replacement is displayed on a screen or other information service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion; provided
further that, in the case of clause (3), when such clause is used to determine the Benchmark Replacement in connection with the occurrence of an Other Benchmark Rate Election, the alternate benchmark rate selected by the Administrative Agent and the
Borrower shall be the term benchmark rate that is used in lieu of a LIBOR-based rate in the relevant other Dollar-denominated syndicated credit facilities; provided further that, notwithstanding anything to the contrary in this Agreement or in any
other Loan Document, upon the occurrence of a Term SOFR Transition Event, and the delivery of a Term SOFR Notice, on the applicable Benchmark Replacement Date the “Benchmark Replacement” shall revert to and shall be deemed to be the sum of
(a) Term SOFR and (b) the related Benchmark Replacement Adjustment, as set forth in clause (1) of this definition (subject to the first proviso above). 

If the
Benchmark Replacement as determined pursuant to clause (1), (2) or (3) above would be less than the Floor, the Benchmark Replacement will be deemed to be the Floor for the purposes of this Agreement and the other Loan Documents. 

Notwithstanding
 anything to the contrary in this Agreement, in all cases the Benchmark Replacement shall be a “qualified rate” within the meaning of Proposed Treasury Regulations section 1.1001-6(b) (or any successor or final version of such
regulation). 
 “Benchmark Replacement Adjustment”: means, with respect to any replacement of the then-current Benchmark with an
Unadjusted Benchmark Replacement for any applicable Interest Period and Available Tenor for any setting of such Unadjusted Benchmark Replacement: 

(1) for
purposes of clauses (1) and (2) of the definition of “Benchmark Replacement,” the first alternative set forth in the order below that can be determined by the Administrative Agent: 

(a) the
spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) as of the Reference Time such Benchmark Replacement is first set for such Interest Period that has been selected
or recommended by the Relevant Governmental Body for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for the applicable Corresponding Tenor; 

(b) the
spread adjustment (which may be a positive or negative value or zero) as of the Reference Time such Benchmark Replacement is first set for such Interest Period that would apply to the fallback rate for a derivative transaction referencing the ISDA
Definitions to be effective upon an index cessation event
with respect to such Benchmark for the applicable Corresponding Tenor; and 

  
 - 5 - 

(2) for
purposes of clause (3) of the definition of “Benchmark Replacement,” the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected by
the Administrative Agent and the Borrower for the applicable Corresponding Tenor giving due consideration to (i) any selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the
replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body on the applicable Benchmark Replacement Date and/or (ii) any evolving or then-prevailing market convention for determining a
spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for dollar-denominated syndicated credit facilities; 

provided
that, in the case of clause (1) above, such adjustment is displayed on a screen or other information service that publishes such Benchmark Replacement Adjustment from time to time as selected by the Administrative Agent in its reasonable
discretion. 
 “Benchmark Replacement Conforming Changes”: means, with respect to any Benchmark Replacement, any technical,
administrative or operational changes (including changes to the definition of “Alternate Base Rate,” the definition of “Business Day,” the definition of “Interest Period,” timing and frequency of determining rates and
making payments of interest, timing of borrowing requests or prepayment, conversion or continuation notices, length of lookback periods, the applicability of breakage provisions, and other technical, administrative or operational matters) that the
Administrative Agent decides may be appropriate to reflect the adoption and implementation of such Benchmark Replacement and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice
(or, if the Administrative Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Administrative Agent determines that no market practice for the administration of such Benchmark Replacement
exists, in such other manner of administration as the Administrative Agent decides is reasonably necessary in connection with the administration of this Agreement and the other Loan Documents).

“Benchmark
 Replacement Date”: means the earliest to occur of the following events with respect to the then-current Benchmark: 

(1) in the
case of clause (1) or (2) of the definition of “Benchmark Transition Event,” the later of (a) the date of the public statement or publication of information referenced therein and
(b) the date on which the administrator of such Benchmark (or the published component used in the
calculation thereof) permanently or indefinitely ceases to provide all Available Tenors of such Benchmark (or such component thereof); 

(2) in the
case of clause (3) of the definition of “Benchmark Transition Event,” the first date on which such Benchmark (or the published component used in the calculation thereof) has been determined and announced by the regulatory supervisor
for the administrator of such Benchmark (or such component thereof) to be no longer representative; provided, that such non-representativeness will be determined by reference to the most recent statement or publication referenced in such clause (3) and even if any Available
Tenor of such Benchmark (or such component thereof) continues to be provided on such date; 

  
 - 6 - 

(3) in the
case of a Term SOFR Transition Event, the date that is thirty (30) days after the date a Term SOFR Notice is provided to the Lenders and the Borrower pursuant to Section 2.22(d); or

(4) in the
case of an Early Opt-in Election or an Other Benchmark Rate Election, the sixth (6th) Business Day after the date notice of such Early Opt-in Election or Other Benchmark Rate Election, as applicable, is provided to the Lenders, so long as the
Administrative Agent has not received, by 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the date notice of such Early Opt-in Election or Other Benchmark Rate Election, as applicable, is provided to the Lenders, written
notice of objection to such Early Opt-in Election or Other Benchmark Rate Election, as applicable, from Lenders comprising the Required Lenders. 

(i) If the
event giving rise to the Benchmark Replacement Date occurs on the same day as, but earlier than, the Reference Time in respect of any determination, the Benchmark Replacement Date will be deemed to have occurred prior to the Reference Time for such
determination and (ii) the “Benchmark Replacement Date” will be deemed to have occurred in the case of clause (1) or (2) with respect to any Benchmark upon the occurrence of the applicable event or events set forth therein with respect to all
then-current Available Tenors of such Benchmark (or the published component used in the calculation thereof). 

“Benchmark
 Transition Event”: means the occurrence of one or more of the following events with respect to the then-current Benchmark: 

(1)
 a public statement or publication of information by or on behalf of the administrator of such Benchmark (or the
published component used in the calculation thereof) announcing that such administrator has ceased or will cease to provide all Available Tenors of such Benchmark (or such component thereof), permanently or indefinitely; provided that, at the time
of such statement or publication, there is no successor administrator that will continue to provide any Available Tenor of such Benchmark (or such component thereof); 

(2)
 a public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark
(or the published component used in the calculation thereof), the Federal Reserve Board, the NYFRB, an insolvency official with jurisdiction over the administrator for such Benchmark (or such component), a resolution authority with jurisdiction over
the administrator for such Benchmark (or such component) or a court or an entity with similar insolvency or resolution authority over the administrator for such Benchmark (or such component), which states that the administrator of such Benchmark (or
such component) has ceased or will cease to provide all Available Tenors of such Benchmark (or such component thereof) permanently or indefinitely; provided that, at the time of such statement or publication, there is no successor administrator that
will continue to provide any Available Tenor of such Benchmark (or such component thereof); or 

(3)
 a public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark
(or the published component used in the calculation thereof)
announcing that all Available Tenors of such Benchmark (or such component thereof) are no longer, or as of a
specified future date will no longer be, representative. 

  
 - 7 - 

A
“Benchmark Transition Event”: will be deemed to have occurred with respect to any Benchmark if a public statement or publication of information set forth above has occurred with respect to each then-current Available Tenor of such
Benchmark (or the published component used in the calculation thereof). 
 “Benchmark Unavailability Period” means, the period (if any) (x) beginning at the time that a Benchmark
Replacement Date pursuant to clauses (1) or (2) of that definition has occurred if, at such time, no Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder and under any Loan Document in accordance with
Section 2.22 and (y) ending at the time that a Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder and under any Loan Document in accordance with Section 2.22. 
 “Beneficial Ownership Certification”: a certification regarding beneficial
ownership or control as required by the Beneficial Ownership Regulation. 
 “Beneficial Ownership Regulation”: 31 C.F.R.
§ 1010.230. 
 “Benefit Plan”: any of (a) an “employee benefit plan” (as defined in ERISA) that is
subject to Title I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of Section 3(42) of ERISA or otherwise for purposes of Title I of
ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”. 
 “Benefitted
Lender”: as defined in Section 10.7(a). 
 “Board”: the Board of Governors of the Federal Reserve System of
the United States (or any successor). 
 “Borrower”: as defined in the preamble hereto. 

“Borrowing”: (a) Revolving Loans of the same Type, made, converted or continued on the same date and, in the case of
LIBOR Loans, as to which a single Interest Period is in effect, or (b) Incremental Term Loans of the same Type made on the same date and, in the case of LIBOR Loans, as to which a single Interest Period is in effect. 

“Borrowing Date”: any Business Day specified by the Borrower as a date on which the Borrower requests the relevant Lenders to
make Loans hereunder. 
 “Business”: as defined in Section 4.17(b). 

“Business Day”: a day other than a Saturday, Sunday or other day on which commercial banks in New York City are authorized or
required by law to close; provided, further that, with
respect to notices and determinations in connection with, and fundings, disbursements and payments of principal and interest on, LIBOR Loans, or any other dealings in Dollars to be carried out pursuant to this Agreement in respect of any such LIBOR
Loan, such day
is. The term “Business Day” shall also aexclude any day for trading in the London interbank market by and between banks in depositson which banks are not open for general business in DollarsLondon. 

  
 - 8 - 

 “Capital Expenditures”: for any period, with respect to any Person, the
aggregate of all expenditures by such Person and its Subsidiaries for the acquisition of fixed or capital assets or additions to property, plants or equipment (including replacements, capitalized repairs and improvements during such period) that
should be capitalized under GAAP on a consolidated balance sheet of such Person and its Subsidiaries; provided that in no event shall “Capital Expenditures” include expenditures in connection with a Permitted Acquisition or
any other Material Acquisition or the Acquisition. 
 “Capital Lease”: as defined in the definition of “Capital Lease
Obligations”. 
 “Capital Lease Obligations”: subject to Section 1.3(f), as to any Person, 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 (each, a “Capital Lease”), and, for the purposes of this Agreement, the amount of such obligations at any time shall be the capitalized amount thereof at such time determined in
accordance with GAAP. 
 “Capital Stock”: any and all shares, interests, participations or other equivalents (however
designated) of capital stock of a corporation, any and all equivalent ownership interests in a Person (other than a corporation) and any and all warrants, rights or options to purchase any of the foregoing. 

“Cash Collateral”: shall have a meaning correlative to the immediately succeeding definition and shall include the proceeds
of such cash collateral and other credit support. 
 “Cash Collateralize”: to pledge and deposit with or deliver to the
Administrative Agent, for the benefit of one or more of the Issuing Lender, as collateral for L/C Obligations, cash or deposit account balances or, if the Administrative Agent and the Issuing Lender shall agree in their sole discretion, other credit
support. 

  
 - 9 - 

 “Cash Equivalents”: (a) marketable direct obligations issued by, or
unconditionally guaranteed by, the United States Government or issued by any agency thereof and backed by the full faith and credit of the United States or any agency thereof, in each case maturing within one year from the date of acquisition;
(b) certificates of deposit, time deposits, eurocurrency time deposits or overnight bank deposits having maturities of six months or less from the date of acquisition issued by any Lender or bank holding company owning any Lender (or Person
that was a Lender at the time of acquisition thereof) or by any commercial bank organized under the laws of the United States or any state thereof having combined capital and surplus of not less than $500,000,000 (determined at the time of
acquisition thereof); (c) commercial paper of an issuer rated at least A-2 by Standard & Poor’s Financial Services LLC (“S&P”) or P-2 by Moody’s Investors Service, Inc. (“Moody’s”) ,
or carrying an equivalent rating by a nationally recognized rating agency, if both of the two named rating agencies cease publishing ratings of commercial paper issuers generally (determined at the time of acquisition thereof), and maturing within
six months from the date of acquisition; (d) repurchase obligations of any Lender or bank holding company owning any Lender (or Person that was a Lender at the time of acquisition thereof) or of any commercial bank satisfying the requirements
of clause (b) of this definition, having a term of not more than 30 days with respect to securities issued or fully guaranteed or insured by the United States government (determined at the time of acquisition thereof); (e) securities with
maturities of one year or less from the date of acquisition issued or fully guaranteed by any state, commonwealth or territory of the United States, by any political subdivision or taxing authority of any such state, commonwealth or territory or by
any foreign government, the securities of which state, commonwealth, territory, political subdivision, taxing authority or foreign government (as the case may be) are rated at least A by S&P or A by Moody’s (determined at the time of
acquisition thereof); (f) securities with maturities of six months or less from the date of acquisition backed by standby letters of credit issued by any Lender or bank holding company owning any Lender (or Person that was a Lender at the time
of acquisition thereof) or any commercial bank satisfying the requirements of clause (b) of this definition (determined at the time of acquisition thereof); (g) long term bonds and other debt securities rated at least BBB- by S&P and
Baa3 by Moody’s (determined at the time of acquisition thereof), (h) shares of money market mutual or similar funds which invest primarily in assets satisfying the requirements of clauses (a) through (g) of this definition
(determined at the time of acquisition thereof); or (i) money market funds that (x) comply with the criteria set forth in SEC Rule 2a-7 under the Investment Company Act of 1940, as amended, (y) are rated AAA by S&P and Aaa by
Moody’s and (z) have portfolio assets of at least $5,000,000,000 (determined at the time of acquisition thereof). In the case of any Investments made in a country outside the United States of America, Cash Equivalents shall also include
(i) euros and Sterling, (ii) investments of the type and maturity described in clauses (a) through (i) above of foreign obligors, which investments are reasonably appropriate in connection with any business conducted by the
Borrower or its Subsidiaries (as determined by the Borrower in good faith) (determined at the time of acquisition thereof) and (iii) other short term investments utilized by the Borrower and its Restricted Subsidiaries in accordance with normal
investment practices for cash management in such country in investments analogous to the investments described in the foregoing clauses (a) through (h) and in this paragraph and which are reasonably appropriate in connection with any
business conducted by the Borrower or its Subsidiaries in such country (as determined by the Borrower in good faith). 
 “Cash
Management Agreement”: an agreement pursuant to which a bank or other financial institution provides Cash Management Services. 

“Cash Management Services”: (a) treasury management services (including controlled disbursements, zero balance
arrangements, cash sweeps, automated clearinghouse transactions, return items, overdrafts, temporary advances, interest and fees and interstate depository network services) provided to the Borrower or any Subsidiary and (b) commercial credit
card and purchasing card services provided to the Borrower or any Subsidiary. 
 “CFC”: a “controlled foreign
corporation” within the meaning of Section 957 of the Code. 
 “CFC Holding Company”: a direct or indirect
Subsidiary of the Borrower substantially all of the assets of which consist of Capital Stock and/or Indebtedness of one or more CFCs. 
 “Chase” means JPMorgan Chase Bank, N.A., a national banking association, in its individual capacity, and its
successors. 

  
 - 10 - 

 “Class”: (i) when used in reference to any Loans, shall refer to
whether such Loans, are Revolving Credit Loans, Revolving Credit Loans under Refinancing Revolving Credit Commitments, Tranche A Term Loans, Incremental Term Loans, or Refinancing Term Loans and (ii) when used in reference to any Commitment, refers to whether such Commitment is a Revolving Credit Commitment, an Incremental Revolving Credit Commitment,
a Refinancing Revolving Credit Commitment, a Tranche A Term Loan Commitment, an Incremental Term Loan
Commitment or a Refinancing Term Loan Commitment. 
 “Closing Date”: the date on which the conditions precedent set
forth in Section 5.1 shall have been satisfied, which date is January 3, 2019. 
 “Code”: the Internal Revenue
Code of 1986, as amended from time to time. 
 “Collateral”: all Property of the Loan Parties, now owned or hereafter
acquired, upon which a Lien is purported to be created by any Security Document, excluding in all events Excluded Property. 
 “Comerica Letters of Credit”: the letters of credit issued by Comerica Bank to the Target or any of its Subsidiaries prior to the Closing Date. 
 “Commitment”: as to any Lender, the sum of the Tranche A Term Loan Commitment, any Incremental Term Loan Commitment and the Revolving Credit
Commitment of such Lender. 
 “Commitment Fee Rate”: (i) initially, 0.350.25% per annum, and (ii) from and after the first Adjustment Date to occur after the ClosingFirst Amendment Effective Date, the rate per annum set forth under the
relevant column heading in the Pricing Grid. 
 “Commodity Exchange Act”: the Commodity Exchange Act (7 U.S.C.
§ 1 et seq.), as amended from time to time, and any successor statute. 
 “Commonly Controlled Entity”: an entity,
whether or not incorporated, which is under common control with the Borrower within the meaning of Section 4001 of ERISA or is part of a group which includes the Borrower and which is treated as a single employer under Section 414(b), (c),
(m) or (o) of the Code. 
 “Compliance Certificate”: a certificate duly executed by a Responsible Officer
substantially in the form of Exhibit B. 
 “Confidential Information Memorandum”: the Confidential Management Presentation
dated June 2018 and furnished to the Arrangers and identified as such by the Borrower. 
 “Connection Income Taxes”: Other
Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes. 

“Consolidated Cash Interest Expense”: for any period, Consolidated Interest Expense, solely to the extent paid or payable in
cash, but excluding interest charges constituting amortization of underwriting or arrangement fees, original issue discount or upfront fees and other fees payable in connection with the arrangement or underwriting of such Indebtedness and any other
fees paid with respect to the Transactions. 

  
 - 11 - 

 “Consolidated Depreciation and Amortization Expense”: with respect to any
Person for any period, the total amount of depreciation and amortization expense, including the amortization of deferred financing fees or costs, debt issuance costs, commissions, fees, and expenses, capitalized expenditures (including capitalized
software expenditures), customer acquisition costs, the amortization of original issue discount resulting from the issuance of Indebtedness at less than par and incentive payments, conversion costs, and contract acquisition costs of such Person and
its Restricted Subsidiaries for such period on a consolidated basis and otherwise determined in accordance with GAAP. 

“Consolidated EBITDA”: with respect to any Person for any Test Period, the Consolidated Net Income of such Person and its
Restricted Subsidiaries for such period: 
 (a) increased (without duplication, to the extent the same were deducted or
excluded (and not added back) in computing Consolidated Net Income) by: 
 (i) Consolidated Depreciation and Amortization
Expense of such Person for such Test Period, plus 
 (ii) Consolidated Interest Expense of such Person for such Test
Period, together with items excluded from the definition of Consolidated Interest Expense and any non-cash interest expense (including (w) fees and expenses paid to the Administrative Agent in connection with its services hereunder,
(x) other bank, administrative agency (or trustee) and financing fees (including rating agency fees), (y) costs of surety bonds in connection with financing activities (whether amortized or immediately expensed) and (z) commissions,
discounts and other fees and charges owed with respect to letters of credit, bank guarantees, bankers’ acceptances or any similar facilities or financing and hedging agreements), plus 

(iii) Taxes paid and provision for Taxes based on income or profits or capital, including, without limitation, U.S. federal,
state, non-U.S., franchise, excise, value added, and similar Taxes and foreign withholding Taxes of such Person paid or accrued during such Test Period, including any penalties and interest related to such Taxes or arising from any Tax examinations,
plus 
 (iv) the amount of any restructuring charges or reserve (including those relating to severance, relocation
costs and one-time compensation charges), costs incurred in connection with any non-recurring strategic initiatives and other business optimization expenses (including incentive costs and expenses relating to business optimization programs and
signing, retention and completion bonuses and any implementation of enterprise resource planning and technology initiatives (including any expense relating to the implementation of enhanced accounting or information technology functions));
provided that the aggregate amount added back pursuant to this clause (iv), together with the aggregate amount added back pursuant to clause (xii) below, shall not cumulatively exceed 20% of Consolidated EBITDA for any Test Period
(with such calculation being made before giving effect to any increase pursuant to this clause (iv)), plus 

  
 - 12 - 

 (v) the amount of any (x) recruiting, signing, retention, completion
bonuses and severance and (y) relocation costs, facilities start-up costs and transition costs, plus 
 (vi) any
extraordinary, unusual or non-recurring charges, expenses or losses (including, without limitation, losses on asset sales and litigation fees, costs, settlements, judgments and expenses), plus 

(vii) losses on Investments, plus 

(viii) any impairment charges and expense (including all unit-specific, brand, goodwill or other intangible impairment charges
and expense), plus 
 (ix) any expenses, fees, charges, or losses related to any equity offering, permitted
Investment, Restricted Payment, acquisition, disposition, recapitalization, merger, or the incurrence of Indebtedness permitted to be incurred by this Agreement (including any refinancing, exchange or repayment thereof) (whether or not successful
and including any such transaction consummated prior to the Closing Date), including (A) such fees, expenses, or charges related to the incurrence of the Loans hereunder and all Transaction Costs (including the fees, expenses and disbursements
of appraisers, consultants, advisors, brokers, accountants and counsel), (B) such fees, expenses, or charges related to the execution of the Loan Documents and any other credit facilities or debt issuances, and (C) any amendment,
restatement, waiver or other modification of any Loan Document, the Loans hereunder or other Indebtedness (or the documentation related thereto), plus 

(x) non-cash compensation charges or other expenses or charges; plus 

(xi) any other non-cash charges, including any write offs, write downs, expenses, losses (provided that if any
such non-cash charges represent an accrual or reserve for potential cash items in any future Test Period, the cash payment in respect thereof in such future Test Period shall be deducted from Consolidated EBITDA to such extent, and excluding
amortization of a prepaid cash item that was paid in a prior Test Period), plus 
 (xii) pro forma adjustments,
including pro forma “run-rate” cost savings, operating expense reductions, operational improvements and other synergies related to (A) the Transactions that are reasonably identifiable and that are projected by the Borrower in good
faith to result from actions either taken or with respect to which substantial steps have been take or are expected to be taken in the good faith determination of the Borrower within 12 months of the Closing Date and (B) any acquisition
(including the commencement of activities constituting a business), disposition (including the termination or discontinuance of activities constituting a business) or other specified investment or transaction, or related to any restructuring
initiative, cost savings initiative or other initiative that are reasonably identifiable and projected by the Borrower in good faith to result from actions that have been taken or with respect to which steps have been taken or are expected to be
taken (in the good faith determination of the Borrower) within 12 months of the determination to take such action, in each case, net of the amount of actual benefits realized prior to or during such Test Period from such actions (which cost savings,
operating expense reductions, operating enhancements and synergies shall be calculated on a Pro Forma Basis as though such cost savings, operating expense reductions, operating enhancements or synergies had been realized on the first day of such
Test Period); provided that the aggregate amount added back pursuant to this clause (xii), together with the aggregate amount added back pursuant to clause (iv) above, shall not cumulatively exceed 20% of Consolidated EBITDA for
any Test Period (with such calculation being made before giving effect to any increase pursuant to this clause (xii)), plus 

  
 - 13 - 

 (xiii) (x) all gains and charges as a result of, or in connection with,
sales, dispositions or abandonments of assets outside the ordinary course of business (including, without limitation, asset retirement costs) and (y) charges from disposed, abandoned, divested and/or discontinued assets, Properties or
operations and/or discontinued assets, Properties and operations (other than, at the option of the Borrower, assets or Properties or operations pending the divestiture or termination thereof). plus 

(xiv) earn-out obligations incurred in connection with any PermittedMaterial
 Acquisition or other Investment and paid or accrued during the applicable Test Period and any related expenses. plus 

(xv) (x) any expenses and charges that are reimbursable by a third party pursuant to indemnification or other similar
provisions and actually reimbursed and (y) expenses and reimbursements with respect to liability or casualty events or business interruption, to the extent covered by insurance and actually reimbursed, or, in each case of clauses (x) and
(y) of this clause (xv), if not actually reimbursed, so long as the Borrower has a good faith expectation that such amounts will be received within the next four fiscal quarters (with a deduction for any amount so added back to the extent not
so reimbursed within the next four fiscal quarters), plus 
 (xvi) any effects of adjustments resulting from the
application of purchase accounting, purchase price accounting (including any step-up in inventory and loss of profit on the acquired inventory), plus 

(xvii) other items recorded under “other income expense” in the Borrower financial statements prepared in accordance
with GAAP; provided that the aggregate amount added back pursuant to this clause (xvii) shall not exceed 5% of Consolidated EBITDA for any Test Period (with such calculation being made before giving effect to any increase pursuant
to this clause (xvii), 
 (b) decreased by (without duplication), non-cash gains increasing Consolidated Net Income of such
Person for such Test Period, excluding any non-cash gains which represent the reversal of any accrual of, or cash reserve for, anticipated cash charges that reduced Consolidated EBITDA in any prior Test Period other than non-cash gains relating to
the application of Financial Accounting Standards Codification Topic 840 —Leases (formerly Financial Accounting Standards Board Statement No. 13); provided that, to the extent non-cash gains are deducted pursuant to
this clause (b) for any previous Test Period and not otherwise added back to Consolidated EBITDA, Consolidated EBITDA shall be increased by the amount of any cash receipts (or any netting arrangements resulting in reduced cash expenses) in
respect of such non-cash gains received in subsequent periods to the extent not already included therein; and, 

  
 - 14 - 

 (c) increased or decreased by (without duplication): 

(i) any net gain or loss resulting in such Test Period from currency gains or other foreign exchange adjustments or losses
related to Indebtedness, intercompany balances, and other balance sheet items, plus or minus, as the case may be, and 
 (ii)
any net gain or loss resulting in such Test Period from Swap Obligations, and the application of ASC 815 and its related pronouncements and interpretations, or the equivalent accounting standard under GAAP or an alternative basis of accounting
applied in lieu of GAAP. 
 “Consolidated Fixed Charge Coverage Ratio”: as of any date of
determination thereof, the ratio of (a) Consolidated EBITDA for the Test Period most recently ended, minus the aggregate amount actually paid by the Borrower and its Restricted Subsidiaries in cash during such Test Period on account of
Capital Expenditures (excluding the principal amount of Indebtedness and any interest expense or other fees, costs and expenses with respect thereto, incurred in connection with such Capital Expenditures) to (b) Consolidated Fixed Charges for
such Test Period. 
 “Consolidated Fixed Charges”: for any period, the sum (without duplication) of (a) Consolidated Cash Interest Expense for such period, (b) scheduled amortization payments made during
such period on account of principal of Funded Debt of the Borrower or any of its Restricted Subsidiaries, but excluding principal payments in respect of the Revolving Credit Loans, (c) the aggregate amount actually paid in cash by the Borrower
or any of its Restricted Subsidiaries for such period on account of Taxes and (d) the aggregate amount of Restricted Payments paid by the Borrower and its Restricted Subsidiaries pursuant to Sections 7.6(d) and (e), in each case, to Persons other than the Borrower and its
Restricted Subsidiaries hereunder and actually paid in cash during such period. “Consolidated Fixed Charges” shall not include any payments made on account of principal of Funded Debt of the Borrower and its Restricted Subsidiaries as a
result of a mandatory or voluntary prepayment thereof. 

“Consolidated Funded Debt”: as of any date of determination thereof, the aggregate principal amount of all Funded Debt of the
Borrower and its Restricted Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP. 
 “Consolidated Interest Coverage Ratio”: means, for any period, the ratio of (a) Consolidated EBITDA for such
period to (b) Consolidated Interest Expense for such period. 

  
 - 15 - 

 “Consolidated Interest Expense”: for any period, total interest expense
(including that attributable to Capital Lease Obligations) of the Borrower and its Restricted Subsidiaries for such period with respect to all outstanding Indebtedness of the Borrower and its Restricted Subsidiaries; provided that for
purposes of determining the amount of Consolidated Interest Expense used in the calculation of Consolidated Fixed ChargesInterest Coverage Ratio for any period of four consecutive fiscal
quarters ending on the last day of the first, second or third fiscal quarter of the Borrower and its Restricted Subsidiaries commencing after either (i) the Acquisition or any other Material Acquisition financed in whole or in part with the
proceeds of Indebtedness or (ii) any Material Disposition the proceeds of which were used in whole or in part to reduce Indebtedness, the Consolidated Interest Expense for such period of four consecutive fiscal quarters shall be deemed to be
equal to (x) in the case of the period of four consecutive fiscal quarters ending on the last day of the first fiscal quarter of the Borrower and its Restricted Subsidiaries commencing after such Material Acquisition or Material Disposition (as
applicable), the Consolidated Interest Expense for such first fiscal quarter of the Borrower and its Restricted Subsidiaries commencing after such Material Acquisition or Material Disposition (as applicable) multiplied by 4, (y) in the case of
the period of four consecutive fiscal quarters ending on the last day of the second fiscal quarter of the Borrower and its Restricted Subsidiaries commencing after such Material Acquisition or Material Disposition (as applicable), the aggregate
amount of the Consolidated Interest Expense for the first and second fiscal quarters of the Borrower and its Restricted Subsidiaries commencing after such Material Acquisition or Material Disposition (as applicable) multiplied by 2 and (z) in
the case of the period of four consecutive fiscal quarters ending on the last day of the third fiscal quarter of the Borrower and its Restricted Subsidiaries commencing after such Material Acquisition or Material Disposition (as applicable), the
aggregate amount of the Consolidated Interest Expense for the first, second and third fiscal quarters of the Borrower and its Restricted Subsidiaries commencing after such Material Acquisition or Material Disposition (as applicable) multiplied by
4/3. 
 “Consolidated Net Income”: for any period, the consolidated net income (or loss) of the Borrower and its
Restricted Subsidiaries, determined on a consolidated basis in accordance with GAAP; provided that there shall be excluded from Consolidated Net Income the following: (a) any gain or loss (together with any related provision for
taxes thereon), but, in the case of any loss, only to the extent that such loss does not involve any current or future cash expenditure, realized in connection with (i) any asset sale (other than asset sales in the ordinary course of business)
or (ii) any disposition of any securities (other than dispositions in the ordinary course of business) by the Borrower or any of its Restricted Subsidiaries, (b) any extraordinary gain or loss (together with any related provision for taxes
thereon), (c) any goodwill or other asset impairment charges or other asset write-offs or write downs, including any resulting from the application of Accounting Standards Codification Nos. 350 and No. 360, and any expenses or charges
relating to the amortization of intangibles as a result of the application of Accounting Standards Codification No. 805, (d) any non-cash charges or expenses related to the repurchase of stock options to the extent not prohibited by this
Agreement, and any non-cash charges or expenses related to the grant, issuance or repricing of, or any amendment or substitution with respect to, stock appreciation or similar rights, stock options, restricted stock, or other Capital Stock or other
equity based awards or rights or equivalent instruments, (e) gains and losses resulting solely from fluctuations in currency values and the related tax effects shall be excluded, and charges relating to Accounting Standards Codification Nos.
815 and 820 and (f) the income (or deficit) of any Person accrued prior to the date it becomes a Subsidiary or is merged into or consolidated with the Borrower or any of its Restricted Subsidiaries. With respect to the income (or deficit) of
any Person (other than a Subsidiary) in which the Borrower or any of its Restricted Subsidiaries has an ownership interest, such income (or deficit) shall be included in an amount proportional to the Borrower’s or its Restricted
Subsidiary’s economic interest therein, except to the extent that any such income is actually received by the Borrower or such Restricted Subsidiary in the form of dividends or other distributions. 

  
 - 16 - 

 “Consolidated Total Assets”: as of any date of determination thereof, the
amount that would appear opposite the caption “total assets” (or any like caption) on a consolidated balance sheet of the Borrower and its Restricted Subsidiaries prepared as of such date in accordance with GAAP. 

“Consolidated Total Leverage Ratio”: as of any date of determination thereof, the ratio of (a) Consolidated Funded Debt on
such day to (b) Consolidated EBITDA for the Test Period most recently ended. 
 “Contractual Obligation”: as to any
Person, any provision of any security issued by such Person or of any agreement, instrument or other undertaking to which such Person is a party or by which it or any of its Property is bound. 

“Corresponding
 Tenor”: with respect to any Available Tenor means, as applicable, either a tenor (including overnight) or an interest payment period having approximately the same length (disregarding business day adjustment) as such Available
Tenor. 
 “Covered Party”: has the meaning assigned to it in Section 10.21(b). 
 “Credit Agreement Refinancing Indebtedness”: (a) Permitted First
Priority Refinancing Loans, (b) Permitted Junior Lien Refinancing Loans, (c) Permitted Unsecured Refinancing Loans or (d) other Indebtedness incurred pursuant to a Refinancing Amendment, in each case, incurred or otherwise obtained
(including by means of the extension or renewal of existing Indebtedness) in exchange for, or to extend, renew, replace, repurchase, retire or refinance, in whole or part, existing Incremental Term Loans and/or Revolving Credit Loans (and/or unused
Commitments in respect to Revolving Credit Loans), or any then-existing Credit Agreement Refinancing Indebtedness (such refinanced loans, the “Refinanced Debt”); provided that (i) such Indebtedness has a maturity
no earlier than the maturity date of the Refinanced Debt, (ii) such Indebtedness shall not have a greater principal amount than the principal amount of the Refinanced Debt (including the amount of any unused commitments replaced in connection
therewith), plus accrued interest, fees, premiums (if any) and penalties thereon and fees and expenses associated with the refinancing (including upfront fees and original issue discount), (iii) such Indebtedness is not at any time
guaranteed by any Subsidiaries other than Subsidiaries that are Guarantors (or become Guarantors substantially concurrently with the incurrence of such Indebtedness), (iv) the other terms and conditions of such Indebtedness (except for
(x) pricing, premiums, fees, rate floors and optional prepayment and redemption terms and (y) covenants or other provisions applicable only to periods after the Latest Maturity Date at the time of incurrence of such Indebtedness (it being
understood and agreed that such Credit Agreement Refinancing Indebtedness may include a financial maintenance covenant or other terms for the benefit of such Credit Agreement Refinancing Indebtedness applicable prior to such Latest Maturity Date, so
long as such financial maintenance covenant or other terms, as the case may be, are added for the benefit of the Facilities hereunder remaining outstanding after the incurrence of such Credit Agreement Refinancing Indebtedness (which shall not,
notwithstanding anything to the contrary set forth in Section 10.1, require the consent of the Administrative Agent, the Issuing Lender or any Lender))) shall, as reasonably determined by the Borrower in good faith, (I) reflect market
terms and conditions (taken as a whole) at the time of incurrence or issuance or (II) not be materially more restrictive (taken as a whole) on the Borrower and its Restricted Subsidiaries than those applicable to the Refinanced Debt (taken as a
whole) being refinanced or replaced; provided that a certificate of an Authorized Officer of the Borrower delivered to the Administrative Agent at least five Business Days prior to the incurrence of such Indebtedness (or at such later
date as may be agreed to by the Administrative Agent), together with a reasonably detailed description of the material terms and conditions of such Indebtedness or drafts of the documentation relating thereto that are delivered to the Administrative
Agent or publicly filed, stating that the Borrower has determined in good faith that such terms and conditions satisfy the requirement of this clause (iv) shall be conclusive evidence that such terms and conditions satisfy such requirement, and
(v) such Refinanced Debt shall be repaid, repurchased, retired, defeased or satisfied and discharged on a dollar-for-dollar basis, all accrued interest, fees, premiums (if any) and penalties in connection therewith shall be paid, and all
commitments thereunder terminated, on the date such Credit Agreement Refinancing Indebtedness is issued, incurred or obtained. 

  
 - 17 - 

 “Credit Party”: the Administrative Agent, any Arranger, the Lead Arranger,
the Issuing Lender, or any other Lender. 

“Declined Proceeds”: as defined in
Section 2.12(g)Daily Simple SOFR” means, for any day, SOFR, with the conventions for this
rate (which may include a lookback) being established by the Administrative Agent in accordance with the conventions for this rate selected or recommended by the Relevant Governmental Body for determining “Daily Simple SOFR” for business
loans; provided, that if the Administrative Agent decides that any such convention is not administratively feasible for the Administrative Agent, then the Administrative Agent may establish another convention in its reasonable discretion. 
 “Default”: any of the events specified in Article VIII that after the
giving of notice, the lapse of time, or both, would constitute an Event of Default. 
 “Defaulting Lender”: subject to
Section 2.27, any Lender that (a) has failed, within two Business Days of the date required to be funded or paid, to (i) fund any portion of its Loans, (ii) fund any portion of its participations in Letters of Credit or
(iii) pay over to any Credit Party any other amount required to be paid by it hereunder, unless, in the case of clause (i) above, such Lender notifies the Administrative Agent in writing that such failure is the result of such
Lender’s good faith determination that a condition precedent to funding (specifically identified and including the particular default, if any) has not been satisfied, (b) has notified the Borrower or the Administrative Agent in writing or
has made a public statement to the effect, that it does not intend or expect to comply or will not comply with any of its funding obligations under this Agreement (unless such writing or public statement indicates that such position is based on such
Lender’s good faith determination that a condition precedent (specifically identified and including the particular default, if any) to funding a loan under this Agreement cannot be satisfied) or generally under other agreements in which it
commits to extend credit, (c) has failed, within three Business Days after request by the Borrower, the Administrative Agent or the Issuing Lender to provide a certification in writing from an authorized officer of such Lender that it will
comply with its obligations (and is financially able to meet such obligations) to fund prospective Loans and participations in then outstanding Letters of Credit under this Agreement; provided that such Lender shall cease to be a
Defaulting Lender pursuant to this clause (c) upon the receipt by the Borrower and the Administrative Agent or the Issuing Lender, as applicable, of such certification in form and substance satisfactory to it, the Borrower, and the
Administrative Agent, (d) has, or its Lender Parent has, become the subject of a Bankruptcy Event or (e) has, or its Lender Parent has, become the subject of a Bail-In Action. Any determination of a Defaulting Lender under clauses
(a) through (e) of this definition will be conclusive and binding absent manifest error. 

  
 - 18 - 

 “Disposition”: with respect to any Property, any sale, lease (other than an
operating lease in the ordinary course of business), sale and leaseback, assignment, conveyance, transfer, exclusive license (other than any such license entered into in the ordinary course of business consistent with past practice) or other
disposition thereof; provided that in no event shall a Recovery Event be considered a Disposition, and whether effected pursuant to a Division. The terms
“Dispose” and “Disposed of” shall have correlative meanings. 
 “Disqualified
Lenders”: any Person (a) identified in writing (i) to the Arrangers by the Borrower prior to the Acquisition Signing Date or (ii) to the Administrative Agent prior to the Closing Date, (b) who is (directly or through a
controlled subsidiary or portfolio company) a competitor of the Borrower or any of its Subsidiaries separately identified in writing by the Borrower to the Arrangers prior to the Closing Date from time to time or, if after the Closing Date, to the
Administrative Agent from time to time and (c) any Affiliate of any Person described in clauses (a) or (b) above (other than any such Affiliate that is a bona fide Fund and with respect to which no personnel involved with the
investment in the relevant competitor, or the management, control or operation thereof, directly or indirectly possesses the power to direct or cause the investment policies of such fund, vehicle or entity) that is either (a) identified in
writing by the Borrower to the Administrative Agent from time to time or (b) clearly identifiable as an Affiliate solely on the basis of the similarity of such Affiliate’s name. Notwithstanding the foregoing, (x) each Credit Party and
the Lenders acknowledge and agree that the Administrative Agent shall not have any responsibility or obligation to determine whether any Lender or potential Lender is a Disqualified Lender and the Administrative Agent shall have no liability with
respect to any assignment or participation made to a Disqualified Lender, and (y) any such designation of a Disqualified Lender may not apply retroactively to disqualify any Person that has previously acquired an assignment or participation in
any Facility (but no further assignment or participation shall be permitted to be made to such Person). 
 “Dividing Person”: has the meaning assigned to it in the definition of “Division.” 

“Division”:
 means the division of the assets, liabilities and/or obligations of a Person (the “Dividing Person”) among two or more Persons (whether pursuant to a “plan of division” or similar arrangement), which may or may not include the
Dividing Person and pursuant to which the Dividing Person may or may not survive. 

“Division
 Successor”: means any Person that, upon the consummation of a Division of a Dividing Person, holds all or any portion of the assets, liabilities and/or obligations previously held by such Dividing Person immediately prior to the consummation
of such Division. A Dividing Person which retains any of its assets, liabilities and/or obligations after a Division shall be deemed a Division Successor upon the occurrence of such Division.

 “Dollars” and “$”: dollars in lawful currency of the United States. 

  
 - 19 - 

 “Domestic Subsidiary”: any Subsidiary of the Borrower organized under the
laws of any jurisdiction within the United States. 

“Early
Opt-in Election”: means, if the then-current Benchmark is LIBOR Rate, the occurrence of: 

(1) a
notification by the Administrative Agent to (or the request by the Borrower to the Administrative Agent to
notify) each of the other parties hereto that at least five currently outstanding Dollar-denominated syndicated credit facilities at such time contain (as a result of amendment or as originally executed) a SOFR-based rate (including SOFR, a term
SOFR or any other rate based upon SOFR) as a benchmark rate (and such syndicated credit facilities are identified in such notice and are publicly available for review), and 

(2) the joint
election by the Administrative Agent and the Borrower (it being understood and agreed that the Borrower may
withhold consent to trigger an Early Opt-In Election in its sole discretion) to trigger a fallback from LIBOR Rate and the provision, as applicable, by the Administrative Agent of written notice of such election to the Lenders. 
 “EEA Financial Institution”: (a) any institution established in any EEA
Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any
institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent. 

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

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

“Environmental Laws”: any and all foreign, Federal, state, local or municipal laws, rules, orders, regulations, statutes,
ordinances, codes, decrees, legally binding requirements of any Governmental Authority or other Requirements of Law (including common law) regulating, relating to or imposing liability or standards of conduct concerning the protection of human
health or the environment, as now or may at any time hereafter be in effect. 
 “Equipment”: as defined in the Guarantee
and Collateral Agreement. 
 “ERISA”: the Employee Retirement Income Security Act of 1974, as amended from time to time.

 “Euro” or “€”: the single currency unit of the
Participating Member States. 
 “EU Bail-In Legislation
Schedule”: the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time. 

“Euro”
 or “€”: the single currency unit of the Participating Member States. 

  
 - 20 - 

 “Event of Default”: any of the events specified in Article VIII;
provided that any requirement for the giving of notice, the lapse of time, or both, has been satisfied. 
 “Excluded
Property”: as defined in the Guarantee and Collateral Agreement. 
 “Excluded Stock”: (i) any Capital Stock
with respect to which, in the reasonable judgment of the Administrative Agent and the Borrower (as agreed to in writing), the cost or other consequences of pledging such Capital Stock in favor of the Secured Parties under the Security Documents
shall be excessive in view of the benefits to be obtained by the Lenders therefrom, (ii) solely in the case of any pledge of Capital Stock of any (a) CFC or (b) CFC Holding Company, any Capital Stock that is voting Capital Stock of
any class of such CFC or CFC Holding Company directly held by a Loan Party in excess of 65% of total combined voting power of all classes of voting stock (within the meaning of Treasury Regulations section 1.956-2(c)(2)) of such CFC or CFC Holding
Company, as applicable (iii) any Capital Stock of any direct or indirect Subsidiary of a CFC, (iv) any Capital Stock to the extent the pledge thereof would violate any applicable Requirements of Law (including any legally effective
requirement to obtain the consent of any Governmental Authority unless such consent has been obtained), (v) in the case of (A) any Capital Stock of any Subsidiary to the extent such Capital Stock are subject to a Lien not prohibited hereby
or (B) any Capital Stock of any Subsidiary that is not a Wholly-Owned Subsidiary of the Borrower and its Restricted Subsidiaries at the time such Subsidiary becomes a Subsidiary to the extent (I) that a pledge thereof to secure the
Obligations is prohibited by any applicable Contractual Obligation (other than customary anti assignment provisions which are ineffective under the Uniform Commercial Code or other applicable law and other than proceeds thereof the assignment of
which is expressly deemed effective under the Uniform Commercial Code or other applicable law notwithstanding such prohibition or restriction), (II) any Contractual Obligation prohibits such a pledge without the consent of any other party;
provided that this clause (II) shall not apply if (x) such other party is a Loan Party or Wholly-Owned Subsidiary or (y) consent has been obtained to consummate such pledge (it being understood that the foregoing shall not be
deemed to obligate the Borrower or any Subsidiary to obtain any such consent) and for so long as such Contractual Obligation or replacement or renewal thereof is in effect, or (III) a pledge thereof to secure the Obligations would give any other
party (other than a Loan Party or Wholly-Owned Subsidiary) to any contract, agreement, instrument, or indenture governing such Capital Stock the right to terminate its obligations thereunder (other than customary anti-assignment provisions which are
ineffective under the Uniform Commercial Code or other applicable law and other than proceeds thereof the assignment of which is expressly deemed effective under the Uniform Commercial Code or other applicable law notwithstanding such prohibition or
restriction), (vi) any Capital Stock to the extent that the creation or perfection of the pledge of such Capital Stock or security interests therein would result in materially adverse tax consequences to the Borrower or any Subsidiary as
reasonably determined by the Borrower in consultation with the Administrative Agent, (vii) any Capital Stock that is margin stock (or convertible into, or exchangeable for, margin stock), and (viii) any Capital Stock of an Immaterial
Subsidiary or an Unrestricted Subsidiary, a captive insurance Subsidiary, a not for profit Subsidiary or a special purpose entity. 

  
 - 21 - 

 “Excluded Subsidiary”: (i) each Immaterial Subsidiary, (ii) each
Subsidiary that is not a Wholly-Owned Subsidiary, (iii) any Foreign Subsidiary that is a CFC, (iv) any direct or indirect Subsidiary of any such CFC, (v) any CFC Holding Company, (vi) any Subsidiary that is prohibited by any
applicable Contractual Obligation or Requirements of Law from guaranteeing or granting Liens to secure the Obligations at the time such Subsidiary becomes a Restricted Subsidiary (including as a result of a
PermittedMaterial Acquisition or other Investment
not prohibited hereunder, to the extent such restriction was not entered into in contemplation of such Subsidiary constituting an Excluded Subsidiary, (vii) each Unrestricted Subsidiary, (viii) each Subsidiary that has entered into any
securitization facility nor prohibited hereunder, (ix) each not for profit Subsidiary, (x) each captive insurance company and (xi) each other Subsidiary acquired pursuant to a Permitted Acquisition or other Investment not prohibited
hereunder and financed with assumed secured Indebtedness permitted hereunder, and each Restricted Subsidiary acquired in such Permitted Acquisition or other Investment permitted hereunder that guarantees such Indebtedness, in each case to the extent
that, and for so long as, the documentation relating to such Indebtedness to which such Subsidiary is a party prohibits such Subsidiary from guaranteeing the Obligations and such prohibition was not created in contemplation of such Permitted
Acquisition or other Investment permitted hereunder . 
 “Excluded Swap Obligation”: with respect to any Subsidiary
Guarantor, any Swap Obligation if, and to the extent that, and only for so long as, all or a portion of the guarantee of such Guarantor of, or the grant by such Guarantor of a security interest to secure, as applicable, such Swap Obligation (or any
guarantee thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Guarantor’s
failure to constitute an “eligible contract participant” (as defined in the Commodity Exchange Act) at the time the guarantee of (or grant of such security interest by, as applicable) such Guarantor becomes or would become effective with
respect to such Swap Obligation. If a Swap Obligation arises under a master agreement governing more than one Swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to Swaps for which such guarantee or
security interest is or becomes illegal. 

“Excluded
 Taxes” means any of the following Taxes imposed on or with respect to a Recipient or required to be withheld or deducted from a payment to a Recipient: (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes,
and branch profits Taxes, in each case, (i) imposed as a result of such Recipient being organized under the laws of, or having its principal office or, in the case of any Lender, its applicable lending office located in, the jurisdiction
imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to
an applicable interest in a Loan, Letter of Credit or Commitment pursuant to a law in effect on the date on which (i) such Lender acquires such interest in the Loan, Letter of Credit or Commitment (other than pursuant to an assignment request
by the Borrower under Section 2.24) or (ii) such Lender changes its lending office, except in each case to the extent that, pursuant to Section 2.20, amounts with respect to such Taxes were payable either to such Lender’s
assignor immediately before such Lender acquired the applicable interest in a Loan, Letter of Credit or Commitment or to such Lender immediately before it changed its lending office, (c) Taxes attributable to such Recipient’s failure to
comply with Section 2.20(d), (e), and (f) any withholding Taxes imposed under FATCA. 

“Existing
 Credit Agreement”: means the Credit Agreement among the Borrower, the Guarantors, the Administrative Agent and the Lenders dated as of January 3, 2019, as amended and in effect immediately prior to the First Amendment Effective
Date. 

  
 - 22 - 

“Existing Tranche
 A Term Lender”: means each Lender holding Existing Tranche A Term Loans immediately prior to the First Amendment Effective Date. 

“Existing
 Tranche A Term Loans” means the Tranche A Term Loans (as defined in the Existing Credit Agreement) funded on the Closing Date and outstanding under the Existing Credit Agreement immediately prior to the First Amendment Effective
Date. 
 “Extended Revolving Credit Commitments”: as defined in
Section 10.1. 
 “Extended Revolving Credit Facility”: as defined in Section 10.1. 

“Extended Revolving Credit Loans”: as defined in Section 10.1. 

“Facility”: each of (a) the Tranche A
Term Loan Facility, (b) the Revolving Credit Facility, (cb) any Incremental Term Loan Facility and (dc) any Extended Revolving Credit Facility. 
 “FATCA”: Sections 1471 through 1474
of the Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, applicable
intergovernmental agreements, treaties or conventions among Governmental Authorities and related legislation or official administrative rules or practices in connection therewith, and any agreements entered into pursuant to Section 1471(b)(1) of the Code. 

“Federal Funds Effective Rate”: for any day, the rate calculated by the NYFRB based on such day’s federal funds
transactions by depositary institutions, as determined in such manner as the NYFRB shall set forth on its public website from time to time, and published on the next succeeding Business Day by the NYFRB as the effective federal funds rate;
provided that, if the Federal Funds Effective Rate as so determined would be less than zero, such rate shall be deemed to zero for the purposes of this Agreement. 

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

“Financial Covenants”: the financial covenants set forth in Section 7.1(a) and, (b) and (c).

“First
Amendment” means that certain First Amendment to Credit Agreement dated as of the First Amendment Effective Date by and among the Borrower, the Guarantors, the Administrative Agent and the Lenders. 

“First
Amendment Effective Date” means December 21, 2021. 
 “Fixed CapEx Amount”: has the meaning assigned to it in Section 7.1(c)(ii). 

“Floor”:
 means 0.00%. 
 “Foreign Subsidiary”: any Subsidiary of the
Borrower that is not a Domestic Subsidiary. 
 “Fund”: any Person (other than a natural Person) that is a bona fide debt
fund or investment vehicle that is engaged in making, purchasing, holding, or investing in commercial loans and similar extensions of credit in the ordinary course of its business for financial investment purposes. 

  
 - 23 - 

 “Funded Debt”: as to any Person, all Indebtedness of such Person of the
types described in clauses (a)-(e) of the definition of Indebtedness. 
 “Funding Office”: the office of the
Administrative Agent set forth in Section 10.2. 
 “GAAP”: generally accepted accounting principles applicable in the
United States for reporting entities domiciled in the United States as in effect from time to time, except that for purposes of Sections 7.1 and 7.2(d) and any financial covenant calculation in Section 2.12, GAAP shall be determined on the
basis of such principles in effect on the date hereof and consistent with those used in the preparation of the most recent audited financial statements delivered pursuant to Section 4.1. 

“Governmental Authority”: any government of the United States or any other nation or of any state or other political
subdivision thereof and any entity exercising executive, legislative, judicial, regulatory or administrative functions of government (including any securities exchange or self-regulatory organization). 

“Guarantee and Collateral Agreement”: the Guarantee and Collateral Agreement dated as of the Closing Date, in substantially
the form attached hereto as Exhibit A. 
 “Guarantee Obligation”: as to any Person (the “guaranteeing
person”), any obligation of (a) the guaranteeing person or (b) another Person (including any bank under any letter of credit) to induce the creation of which the guaranteeing person has issued a reimbursement, counterindemnity or
similar obligation, in either case guaranteeing or in effect guaranteeing any Indebtedness, leases, dividends or other obligations (the “primary obligations”) of any other third Person (the “primary obligor”) in any
manner, whether directly or indirectly, including any obligation of the guaranteeing person, whether or not contingent, (i) to purchase any such primary obligation or any Property constituting direct or indirect security therefor, (ii) to
advance or supply funds (1) for the purchase or payment of any such primary obligation or (2) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary obligor,
(iii) to purchase Property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation or (iv) otherwise to assure
or hold harmless the owner of any such primary obligation against loss in respect thereof; provided, however, that the term Guarantee Obligation shall not include endorsements of instruments for deposit or collection in the ordinary
course of business. The amount of any Guarantee Obligation of any guaranteeing person shall be deemed to be the lower of (a) an amount equal to the stated or determinable amount of the primary obligation in respect of which such Guarantee
Obligation is made and (b) the maximum amount for which such guaranteeing person may be liable pursuant to the terms of the instrument embodying such Guarantee Obligation, unless such primary obligation and the maximum amount for which such
guaranteeing person may be liable are not stated or determinable, in which case the amount of such Guarantee Obligation shall be such guaranteeing person’s maximum reasonably anticipated liability in respect thereof as determined by the
Borrower in good faith. 

  
 - 24 - 

 “Guarantor”: as defined in the Guarantee and Collateral Agreement. 

“Hedging Agreement”: any agreement with respect to any swap, forward, future or derivative transaction, cap or collar
agreement, or any option or similar agreement, involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt securities or instruments, or economic, financial or pricing indices or measures of economic, financial
or pricing risk or value, or any similar transaction or any combination of the foregoing transactions; provided that no phantom stock or similar plan providing for payments only on account of services provided by current or former
directors, officers, employees or consultants of the Borrower or any Restricted Subsidiary shall be a Hedging Agreement. 
 “Hedging
Obligations”: with respect to any Person, the obligations of such Person under any Hedging Agreements. 
 “Historical
Financial Statements”: the financial statements described in Section 4.1(a) and (b). 
 “HQ Property”: the Borrower’s real property located at 60 Acorn Park Drive, Cambridge, Massachusetts or any
other real property that may serve as the Borrower’s headquarters after the First Amendment Effective Date. 

“Immaterial Subsidiary”: any Subsidiary of the Borrower other than a Material Subsidiary. 

“Immediate Family Member”: with respect to any individual, such individual’s child, stepchild, grandchild or more remote
descendant, parent, stepparent, grandparent, spouse, former spouse, domestic partner, former domestic partner, sibling, mother-in-law, father-in-law, son-in-law and daughter-in-law (including adoptive relationships), any trust, partnership or other
bona fide estate-planning vehicle the only beneficiaries of which are any of the foregoing individuals, such individual’s estate (or an executor or administrator acting on its behalf), heirs or legatees or any private foundation or fund that is
controlled by any of the foregoing individuals or any donor-advised fund of which any such individual is the donor. 
 “Impacted
Interest Period”: as defined in the definition of “LIBOR Rate”. 
 “Increased Facility Activation Date”:
any Business Day on which the Borrower and the applicable Incremental Term Loan Lenders and/or Revolving Credit Lenders (or Persons that become such Lenders in connection therewith) shall execute and deliver to the Administrative Agent an Increased
Facility Activation Notice pursuant to Section 2.28(a). 
 “Increased Facility Activation Notice”: a notice
substantially in the form of Exhibit G. 
 “Increased Facility Closing Date”: any Business Day designated as such in an
Increased Facility Activation Notice. 
 “Increased Revolving Credit Commitments”: as defined in Section 2.28(a). 

“Incremental Facilities Amount”: $50,000,000. 

“Incremental Facility”: as defined in Section 2.28(a). 

  
 - 25 - 

 “Incremental Lender Supplement”: as defined in Section 2.28(b). 

“Incremental Term Loan Commitment”: as to any Lender, the obligation of such Lender, if any, to make an Incremental Term Loan
to the Borrower hereunder in a principal amount equal to the amount set forth in the applicable Increased Facility Activation Notice. 

“Incremental Term Loan Facility”: as defined in Section 2.28(a). 

“Incremental Term Loan Lenders”: (a) on any Increased Facility Activation Date relating to Incremental Term Loans, the
Lenders signatory to the relevant Increased Facility Activation Notice and (b) thereafter, each Lender that is a holder of an Incremental Term Loan. 

“Incremental Term Loan Percentage”: as to any Lender, the percentage which the aggregate principal amount of such
Lender’s Incremental Term Loans then outstanding constitutes of the aggregate principal amount of the Incremental Term Loans then outstanding. 

“Incremental Term Loans”: any additional
“Tranche A” term loansTerm Loans made
pursuant to Section 2.28. 
 “Incremental Term Maturity Date”: with respect to the Incremental Term Loans to be
made pursuant to any Increased Facility Activation Notice, the maturity date specified in such Increased Facility Activation Notice, which date shall not be earlier
than the final maturity of the Tranche A Term Loans. 

“Indebtedness”: of any Person at any date, without duplication, (a) all indebtedness of such Person for borrowed money,
(b) all obligations of such Person for the deferred purchase price of Property or services (other than (i) current trade payables incurred in the ordinary course of such Person’s business, and overdue trade payables incurred in the
ordinary course of such Person’s business to the extent the amount or validity thereof is currently being contested in good faith by appropriate procedures and reserves in conformity with GAAP with respect thereto have been provided on the
books of the Borrower or its Subsidiaries, as the case may be, (ii) financing of insurances premiums, (iii) any such obligations paid solely through the issuance of Capital Stock and (iv) earn-outs and working capital adjustments
entered into in connection with the Acquisition or any other Permitted Acquisition or Material Acquisition to
the extent quantified as liabilities, contingent obligations or like term in accordance with GAAP on the balance sheet (excluding the notes thereto) of such Person), (c) all obligations of such Person evidenced by notes, bonds, debentures or
other similar instruments, (d) all indebtedness created or arising under any conditional sale or other title retention agreement with respect to Property acquired by such Person (even though the rights and remedies of the seller or lender under
such agreement in the event of default are limited to repossession or sale of such Property), (e) all Capital Lease Obligations of such Person (the amount of which shall be calculated without regard to imputed interest), (f) all
obligations of such Person, contingent or otherwise, as an account party under acceptance, letter of credit or similar facilities, (g) all obligations of such Person, contingent or otherwise, to purchase, redeem, retire or otherwise acquire for
value any Capital Stock (other than common stock) of such Person, (h) all Guarantee Obligations of such Person in respect of obligations of the kind referred to in clauses (a) through (g) above to the extent quantified as liabilities,
contingent obligations or like term in accordance with GAAP on the balance sheet (excluding the notes thereto) of such Person; (i) all obligations of the kind referred to in clauses (a) through (h) above secured by (or for which the
holder of such obligation has an existing right, contingent or otherwise, to be secured by) any Lien on Property (including accounts and contract rights) owned by such Person, whether or not such Person has assumed or become liable for the payment
of such obligation (but only to the extent of the fair market value of such Property); provided, however, that if such obligations have not been assumed, the amount of such Indebtedness included for the purposes of this definition will
be the amount equal to the lesser of the fair market value of such property and the amount of the Indebtedness secured; (j) for purposes of Section 8(e), all net obligations of such Person in respect of Hedging Agreements and (k) the
liquidation value of any preferred Capital Stock of such Person or its Subsidiaries held by any Person other than such Person and its Wholly-Owned Subsidiaries. 

  
 - 26 - 

 “Insolvency”: with respect to any Multiemployer Plan, the condition that
such Plan is insolvent within the meaning of Section 4245 of ERISA. 
 “Insolvent”: pertaining to a condition of
Insolvency. 
 “Instrument”: as defined in the Guarantee and Collateral Agreement. 

“Intellectual Property”: the collective reference to all intellectual property rights, whether arising under United States,
multinational or foreign laws or otherwise, including copyrights, patents, trademarks, trade secrets, technology, know-how, methods and processes, and applications and registrations of the foregoing, including such rights under licenses to the foregoing, all rights to
sue at law or in equity for any infringement or other impairment thereof, and including the right to receive all proceeds and damages therefrom. 
 “Interest Election Request”: means the request by the Borrower to convert or continue a LIBOR Loan in accordance
with Section 2.13, which shall be in a form approved by the Administrative Agent. 

“Interest Payment Date”: (a) as to any ABR Loan, the last Business Day of each March, June, September and December to
occur while such Loan is outstanding and the final maturity date of such Loan, (b) as to any LIBOR Loan having an Interest Period of three months or less, the last day of such Interest Period, (c) as to any LIBOR Loan having an Interest
Period longer than three months, each day which is three months, or a whole multiple thereof, after the first day of such Interest Period and the last day of such Interest Period and (d) as to any Loan (other than any Revolving Credit Loan that
is an ABR Loan), the date of any repayment or prepayment made in respect thereof. 
 “Interest Period”: as to any LIBOR
Loan, (a) initially, the period commencing on the borrowing or conversion date, as the case may be, with respect to such LIBOR Loan and ending one,
two, three or six months (or, if acceptable to all Required Lenders, twelve months or any shorter period)
thereafter, as selected by the Borrower in its notice of borrowing or notice of conversion, as the case may be, given with respect thereto; and (b) thereafter, each period commencing on the last day of the next preceding Interest Period
applicable to such LIBOR Loan and ending one, two, three or six months (or, if acceptable to all affected Lenders, twelve months or any shorter period) thereafter, as selected by the Borrower by irrevocable notice to the Administrative Agent not
less than three Business Days prior to the last day of the then current Interest Period with respect thereto; provided that all of the foregoing provisions relating to Interest Periods are subject to the following: 

  
 - 27 - 

 (i) if any Interest Period would otherwise end on a day that is not a
Business Day, such Interest Period shall be extended to the next succeeding Business Day unless the result of such extension would be to carry such Interest Period into another calendar month in which event such Interest Period shall end on the
immediately preceding Business Day; 
 (ii) any Interest Period that would otherwise extend beyond the Revolving Credit
Termination Date or beyond the final maturity date of the Tranche A
Term Loans or any Incremental Term LoansMaturity Date, as the case may be, shall end on the Revolving Credit
Termination Date or such final maturity
dateIncremental Maturity Date, as applicable;

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

(iv) with respect to any Loans to be made on the Closing Date, the Borrower may select an Interest Period ending on March 29, 2019. 

“Interpolated Rate”: at any time, for any Interest Period, the rate per annum (rounded to the same number of decimal places
as the LIBOR Screen Rate) determined by the Administrative Agent (which determination shall be conclusive and binding absent manifest error) to be equal to the rate that results from interpolating on a linear basis between: (a) the LIBOR Screen
Rate for the longest period for which the LIBOR Screen Rate is available for the applicable currency that is shorter than the Impacted Interest Period; and (b) the LIBOR Screen Rate for the shortest period (for which that LIBOR Screen Rate is
available for the applicable currency) that exceeds the Impacted Interest Period, in each case, at such time. 

“Inventory”: as defined in the Guarantee and Collateral Agreement. 

“Investment”: as defined in Section 7.8. For purposes of the definition of Unrestricted Subsidiary and Section 7.8:

 (i) Investments shall include the portion (proportionate to the Borrower’s direct or indirect equity interest in such
Subsidiary) of the fair market value of the assets of a Subsidiary of the Borrower at the time that such Subsidiary is designated an Unrestricted Subsidiary; and 

(ii) any property transferred to or from an Unrestricted Subsidiary shall be valued at its fair market value at the time of
such transfer. 
 The amount of any Investment outstanding at any time shall be the original cost of such Investment, reduced by any
dividend, distribution, interest payment, return of capital, repayment, or other amount received by the Borrower or a Restricted Subsidiary in respect of such Investment (provided that, with respect to amounts received other than in
the form of cash and/or Cash Equivalents, such amount shall be equal to the fair market value of such consideration). 

  
 - 28 - 

 “IRS”: as defined in Section 2.20(d). 

“ISDA
Definitions”: means the 2006 ISDA Definitions published by the International Swaps and Derivatives Association, Inc. or any successor thereto, as amended or supplemented from time to time, or any successor definitional booklet for interest rate
derivatives published from time to time by the International Swaps and Derivatives Association, Inc. or such successor thereto. 

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

“Issuing Lender”: JPMorgan Chase Bank, N.A., in its capacity as issuer of any Letter of Credit. 

“L/C Commitment”: $5,000,000. 

“L/C Exposure”: as to any Revolving Credit Lender at any time, an amount equal to such Revolving Credit Lender’s
Revolving Credit Percentage of the total L/C Obligations at such time. 
 “L/C Fee Payment Date”: the fifteenth (15th) day following the last day of each March, June, September and
December and the Revolving Credit Termination Date. 
 “L/C Obligations”: at any time, an amount equal to the sum of
(a) the aggregate then undrawn and unexpired amount of the then outstanding Letters of Credit and (b) the aggregate amount of drawings under Letters of Credit which have not then been reimbursed pursuant to Section 3.5. 

“L/C Participants”: collectively, all the Revolving Credit Lenders other than the Issuing Lender. 

“Latest Term Loan Maturity Date”: at any date of determination, the later of
(a) the Revolving Credit Termination Date and (b) the latest maturity or expiration date applicable to
any Tranche
AIncremental Term Loan hereunder at such time,
including the latest maturity of any Refinancing Term Loan, in each case as extended in accordance with this Agreement from time to time. 

“LCALCT Election”: as defined in Section 1.3(b).

 “LCALCT Test Date”: as defined in Section 1.3(b).

 “Lead Arranger”: JPMorgan Chase Bank, N.A. 

“Lender Parent”: with respect to any Lender, any Person as to which such Lender is, directly or indirectly, a Subsidiary.

 “Lenders”: the financial institutions and other Persons from time to time party here to as lenders, unless and until any
such Person ceases to be a “Lender” hereunder . 

  
 - 29 - 

 “Letter of Credit Expiration Date”: the day that is five Business Days
prior to the Revolving Credit Termination Date then in effect for the Revolving Credit Facility. 
 “Letters of Credit”: as
defined in Section 3.1(a). 
 “LIBOR Loan”: any Loan bearing interest at a rate determined by reference to the
Adjusted LIBOR Rate. 
 “LIBOR Rate”: with respect to any Borrowings of LIBOR Loans for any applicable currency and for any
Interest Period, the LIBOR Screen Rate at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period; provided that if the LIBOR Screen Rate shall not be available at such time for such
Interest Period (an “Impacted Interest Period”) with respect to the applicable currency then the LIBOR Rate shall be the Interpolated Rate; provided, further that, if the LIBOR Screen Rate and the Interpolated Rate are
not available, the LIBOR Rate shall be determined by reference to such rate as the Administrative Agent and the Borrower mutually agree to be effectively equivalent to the LIBOR Screen Rate and that is a “qualified rate” within the meaning of Proposed Treasury Regulations section 1.1001-6(b) (or any
successor or final version of such regulation); provided, that the Administrative Agent shall notify the Lenders of such agreed upon successor reference rate, and, if the Required
Lenders shall not have objected in writing to such successor reference rate within five Business Days of such notice, then the Required Lenders shall be deemed to have consented to the effectiveness of such successor reference rate, and it shall
become effective hereunder. 
 “LIBOR Screen Rate”: for any day and time, with respect to any Borrowings of LIBOR
Loans for any applicable currency and for any Interest Period, the London interbank offered rate as administered by ICE Benchmark Administration (or any other Person that takes over the administration of such rate for Dollars or the relevant
currency) for a period equal in length to such Interest Period as displayed on such day and time on pages LIBOR01 or LIBOR02 of the Reuters screen that displays such rate (or, in the event such rate does not appear on a Reuters page or screen, on
any successor or substitute page on such screen that displays such rate, or on the appropriate page of such other information service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion);
provided that if the LIBOR Screen Rate as so determined would be less than zero, such rate shall be deemed to zero for the purposes of this Agreement. 

“LIBOR Tranche”: the collective reference to LIBOR Loans under a particular Facility the then current Interest Periods with
respect to all of 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). 

“Lien”: any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge
or other security interest or any preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including any conditional sale or other title retention agreement and any Capital Lease having
substantially the same economic effect as any of the foregoing). 
 “Limited Condition Acquisition”: any acquisition or
Investment the consummation of which by the Borrower or any of its Restricted Subsidiaries is not expressly conditioned on the availability of, or on obtaining, third party financing. 

  
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“Limited
Condition Transaction”: any (a) Limited Condition Acquisition and (b) any dividend, distribution or redemption of, or with respect to, the Capital Stock of the Borrower that is publicly announced in advance of the date of payment
thereof or with respect thereto. 
 “Loan”: any loan made by
any Lender pursuant to this Agreement. 
 “Loan Document Obligations”: the unpaid principal of and interest on (including
interest accruing after the maturity of the Loans and Reimbursement Obligations and interest accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to the Borrower,
whether or not a claim for post-filing or post-petition interest is allowed in such proceeding) the Loans and all other obligations and liabilities of the Borrower to the Administrative Agent or to any Lender, whether direct or indirect, absolute or
contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, this Agreement, any other Loan Document, the Letters of Credit or any other document made, delivered or given in
connection herewith or therewith, whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses (including all fees, charges and disbursements of counsel to the Administrative Agent or to any Lender that
are required to be paid by the Borrower pursuant hereto) or otherwise. 
 “Loan Documents”: this Agreement, the Security
Documents, the Applications and, except for purposes of Section 10.1, the Notes. 
 “Loan Parties”: the Borrower and
each Subsidiary that is a party to a Loan Document. 
 “Local Time”: New York City time. 

“Majority Facility Lenders”: with respect to any Facility, the holders of more than 50% of the aggregate principal amount of
the Incremental Term Loans (if any) or the Total Revolving Extensions of Credit, as the case may
be, then outstanding under such Facility (or, in the case of the Revolving Credit Facility, prior to any termination of the Revolving Credit Commitments, the holders of more than 50% of the Total Revolving Credit Commitments). 

“Material Acquisition”: any acquisition of Property or series of related acquisitions of Property (other than from the
Borrower or any Restricted Subsidiary) that (x) constitutes assets comprising all or substantially all of an operating unit or a business, line of business or product line or constitutes all or substantially all of the common stock of a Person
and (y) involves the payment of consideration by the Borrower and its Restricted Subsidiaries in excess of $5,000,00010,000,000. 

“Material Adverse Effect”: a material adverse effect on (a) the business, results of operations, assets or financial
position of the Borrower and its Restricted Subsidiaries taken as a whole, (b) the validity or enforceability of this Agreement or any of the other Loan Documents or the rights or remedies of the Administrative Agent or the Lenders hereunder or
thereunder or (c) the ability of the Borrower to perform any of its payment obligations under this Agreement. 
 “Material Disposition”: any Disposition of
Property or series of related Dispositions of Property that yields net proceeds to the Borrower and its Restricted Subsidiaries in excess of $1,000,00010,000,000. 

  
 - 31 - 

 “Material Subsidiary”: at any date of determination, each Restricted
Subsidiary (i) whose total assets at the last day of the Test Period ending on the last day of the most recent fiscal period for which Section 6.1 Financials have been delivered were equal to or greater than 2.5% of the Consolidated Total
Assets of the Borrower and the Restricted Subsidiaries at such date or (ii) whose revenues during such Test Period were equal to or greater than 2.5% of the consolidated revenues of the Borrower and the Restricted Subsidiaries for such period,
in each case determined in accordance with GAAP; provided that if, at any time and from time to time after the Closing Date, Restricted Subsidiaries that are not Material Subsidiaries (other than Subsidiaries that are Excluded
Subsidiaries by virtue of any of clauses (ii) through (x) of the definition of “Excluded Subsidiary”) have, in the aggregate, (a) total assets at the last day of such Test Period equal to or greater than 5% of the
Consolidated Total Assets of the Borrower and the Restricted Subsidiaries at such date or (b) revenues during such Test Period equal to or greater than 5% of the consolidated revenues of the Borrower and the Restricted Subsidiaries for such
period, in each case determined in accordance with GAAP, then the Borrower shall, on the date on which financial statements for such quarter are delivered pursuant to this Agreement, designate in writing to the Administrative Agent one or more of
such Restricted Subsidiaries as Material Subsidiaries for each fiscal period until this proviso is no longer applicable. For purposes of this definition, for periods prior to the first delivery of Section 6.1 Financials, Consolidated Total
Assets and revenues shall be calculated on a Pro Forma Basis, including, without limitation, to give effect to the Acquisition. 

“Materials of Environmental Concern”: any gasoline or petroleum (including crude oil or any fraction thereof) or petroleum
products or any hazardous or toxic substances, materials or wastes, defined or to the extent regulated as such in or under any applicable Environmental Law, including asbestos, polychlorinated biphenyls and urea-formaldehyde insulation. 

“Merger Sub”: Supernova Acquisition Corp., a Delaware corporation and a Wholly-Owned Subsidiary of the Borrower. 

“Minimum Collateral Amount”: at any time, (i) with respect to Cash Collateral consisting of cash or Cash Equivalents or
deposit account balances provided to reduce or eliminate L/C Exposure during the existence of a Defaulting Lender, an amount equal to 101% of the L/C Exposure of the Issuing Lender with respect to Letters of Credit issued and outstanding at such
time and (ii) with respect to Cash Collateral consisting of cash or Cash Equivalents or deposit account balances provided following an Event of Default and the acceleration of all outstanding Obligations hereunder, an amount equal to 101% of
the outstanding amount of all L/C Obligations. 
 “Multiemployer Plan”: a Plan which is a multiemployer plan as defined in
Section 4001(a)(3) of ERISA. 

  
 - 32 - 

 “Net Cash Proceeds”: (a) in connection with any Asset Sale or any Recovery Event, the proceeds thereof received by the Borrower and its Restricted Subsidiaries in the form
of cash and Cash Equivalents (including any such proceeds received by way of deferred payment of principal pursuant to a note or installment receivable or purchase price adjustment receivable or otherwise, but only as and when received) of such
Asset Sale or Recovery Event, net of (i) attorneys’ fees, accountants’ fees, investment
banking fees, brokerage fees and commissions, title insurance premiums and related search and recording charges and other similar fees, (ii) amounts required to be applied to the repayment of Indebtedness (including principal, premium, penalty
and interest) secured by a Lien not prohibited hereunder on any asset which is the subject of such Asset Sale or Recovery Event (other than any Lien pursuant to a Security Document), (iii) other customary fees and expenses incurred in connection
therewith (including costs incurred in obtaining any proceeds from a Recovery Event), (iv) any
payments required to be made by law, rule or regulation to a third party in connection therewith, (v) any reserves established in accordance with GAAP (provided such reserved amounts shall be Net Cash Proceeds to the extent and at the
time of reversal of any reserve to the extent not applied), any reserves for indemnification (provided such reserved amounts shall be Net Cash Proceeds to the extent and at the time of reversal of any reserve to the extent not applied) and
(vi) Taxes paid or reasonably estimated to be payable as a result thereof (after taking into account any available Tax credits or deductions and any Tax sharing arrangements) and (b) in connection with any issuance or sale of equity
securities or debt securities or instruments or the incurrence of loans, the cash proceeds received from such issuance or incurrence, net of attorneys’ fees, investment banking fees, accountants’ fees, underwriting discounts and
commissions and other customary fees and expenses incurred in connection therewith and after giving effect to the application of any Indebtedness being repaid (including principal, premium, penalty and interest). 

“New Lender”: as defined in Section 2.28(b). 

“Non-Excluded Taxes”: as defined in Section 2.20(a). 

“Non-U.S. Lender”: as defined in Section 2.20(d). 

“Notes”: collectively, any promissory note evidencing Loans. 

“NYFRB”: the Federal Reserve Bank of New York. 

“NYFRB Rate”: for any day, the greater of (a) the Federal Funds Effective Rate in effect on such day and (b) the
Overnight Rate in effect on such day (or for any day that is not a Business Day, for the immediately preceding Business Day); provided that if none of such rates are published for any day that is a Business Day, the term “NYFRB
Rate” means the rate for a federal funds transaction quoted at 11:00 a.m. on such day received by the Administrative Agent from a federal funds broker of recognized standing selected by it; provided, further, that if any of the
aforesaid rates as so determined be less than zero, such rate shall be deemed to be zero for purposes of this Agreement. 

“Obligations”: collectively, (a) the Loan Document Obligations, (b) the Secured Cash Management Obligations and
(c) the Secured Hedging Obligations. 

“OFAC”:
 means the Office of Foreign Assets Control of the United States Department of the Treasury. 

“Organizational
Document”: shall mean (a) with respect to any
corporation, the certificate or articles of incorporation and the bylaws (including any unanimous shareholder declaration or agreement applicable to such corporation), (b) with respect to any limited liability company, the certificate or
articles of formation or organization and operating or limited liability company agreement and (c) with respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture, trust or other applicable
agreement of formation or organization and any agreement, instrument, filing or notice with respect thereto filed in connection with its formation or organization with the applicable Governmental Authority in the jurisdiction of its formation or
organization and, if applicable, any certificate or articles of formation or organization of such entity. 

  
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“Other
Benchmark Rate Election”: means, with respect to any Loan denominated in
Dollars, if the then-current Benchmark is the LIBOR Rate, the occurrence of: 

(a)
 a request by the Borrower to the Administrative Agent to notify each of the other parties hereto that, at the determination of the Borrower, Dollar-denominated syndicated credit facilities at such time contain (as a result of amendment or as
originally executed), in lieu of a LIBOR-based rate, a term benchmark rate as a benchmark rate; and 

(b)
 the Administrative Agent, and the Borrower jointly elect to trigger a fallback from the LIBOR Rate and the provision, as applicable, by the Administrative Agent of written notice of such election to the Lenders. 
 “Other Connection Taxes”: with respect to any Recipient, Taxes imposed as a
result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a party to, performed its obligations under, received
payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document). 

“Other Taxes”: 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 from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any other Loan Document excluding any such Taxes that are Other Connection Taxes imposed with
respect to an Assignment and Assumption (other than an assignment made pursuant to Borrower’s request under Section 2.24). 

“Overnight Rate”: for any day, the rate comprised of both overnight federal funds and overnight Borrowings of LIBOR Loans by
U.S.-managed banking offices of depository institutions, as such composite rate shall be determined by the NYFRB as set forth on its public website from time to time, and published on the next succeeding Business Day by the NYFRB as an overnight
bank funding rate. 
 “Participant”: as defined in Section 10.6(c)(i). 

“Participant Register”: as defined in Section 10.6(c)(i). 

“Participating Member State”: any member state of the European Communities that adopts or has adopted the euro as its lawful
currency in accordance with legislation of the European Community relating to Economic and Monetary Union. 
 “PATRIOT
Act”: the “Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001”, Title III of Pub. L. 107-56, signed into law on October 26, 2001. 

“Payment”
 as defined in Section 9.6(b). 

  
 - 34 - 

“Payment
Notice” as defined in Section 9.6(b). 
 “PBGC”: the
Pension Benefit Guaranty Corporation established pursuant to Subtitle A of Title IV of ERISA (or any successor). 
 “Permitted
Acquisition”: as defined in
Section 7.8(k)any Material Acquisition or other acquisition not prohibited hereunder. 
 “Permitted First Priority Refinancing Debt”: any Permitted First Priority
Refinancing Loans and any Permitted First Priority Refinancing Notes. 
 “Permitted First Priority Refinancing Loans”: any
Credit Agreement Refinancing Indebtedness in the form of secured loans incurred by the Borrower or any Subsidiary Guarantor in the form of one or more additional tranches of loans under this Agreement; provided that such Indebtedness
is secured by the Collateral on a pari passu basis (but without regard to the control of remedies) with the Liens securing the Obligations and is not secured by any property or assets of the Borrower or any Restricted Subsidiary other than the
Collateral. 
 “Permitted First Priority Refinancing Notes”: any Permitted Other Indebtedness in the form of secured
Indebtedness (including any Registered Equivalent Notes) incurred by the Borrower or any Subsidiary Guarantor in the form of one or more series of senior secured notes (whether issued in a public offering, Rule 144A, private placement or otherwise);
provided that (i) such Indebtedness is secured by the Collateral on a pari passu basis (but without regard to the control of remedies) with the Liens securing the Obligations and is not secured by any property or assets of the Borrower
or any Restricted Subsidiary other than the Collateral (or any property or assets that become Collateral in connection with such transaction) and (ii) such Indebtedness meets the Permitted Other Debt Conditions. Permitted First Priority
Refinancing Notes will include any Registered Equivalent Notes issued in exchange therefor. 
 “Permitted Holder”: George
F. Colony and each Immediate Family Member of George F. Colony. 
 “Permitted Junior Lien Refinancing Debt”: any Permitted
Junior Lien Refinancing Loans and any Permitted Junior Lien Refinancing Notes. 
 “Permitted Junior Lien Refinancing
Loans”: any Credit Agreement Refinancing Indebtedness constituting secured Indebtedness incurred by the Borrower or any Subsidiary Guarantor in the form of one or more series of junior lien secured loans; provided that
(i) notwithstanding any provision to the contrary contained in the definition of “Credit Agreement Refinancing Indebtedness”, such Indebtedness is secured by the Collateral on a junior priority basis to the Liens securing the
Obligations, and the obligations in respect of any Permitted First Priority Refinancing Debt are not secured by any property or assets of the Borrower or any Restricted Subsidiary other than the Collateral (or any property or assets that become
Collateral in connection with such transaction), and (ii) such Indebtedness shall be subject to a customary intercreditor agreement reasonably acceptable to the Borrower and the Administrative Agent. 

  
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 “Permitted Junior Lien Refinancing Notes”: any Permitted Other Indebtedness
in the form of secured Indebtedness (including any Registered Equivalent Notes) incurred by the Borrower or any Subsidiary Guarantor in the form of one or more series of junior lien secured notes (whether issued in a public offering, Rule 144A,
private placement or otherwise); provided that (i) such Indebtedness is secured by the Collateral on a junior priority basis to the Liens securing the Obligations and the obligations in respect of any Permitted First Priority Refinancing
Debt and is not secured by any property or assets of the Borrower or any Restricted Subsidiary other than the Collateral (or any property or assets that become Collateral in connection with such transaction), (ii) such Indebtedness shall be subject
to a customary intercreditor agreement reasonably acceptable to the Borrower and the Administrative Agent and (iii) such Indebtedness meets the Permitted Other Debt Conditions. Permitted Junior Lien Refinancing Notes will include any Registered
Equivalent Notes issued in exchange therefor. 
 “Permitted Other Debt Conditions”: that such applicable Indebtedness
(i) is not at any time guaranteed by any Subsidiaries other than Subsidiary Guarantors (or Subsidiaries that become Subsidiary Guarantors substantially concurrently with the incurrence thereof), (ii) does not (x) mature or
(y) have scheduled amortization payments of principal or payments of principal or any mandatory redemption, repurchase, prepayment or sinking fund obligations (except customary asset sale provisions, change of control (and, in the case of
convertible or exchangeable debt instruments, delisting provisions) or event of default that provide for the prior repayment in full of such Indebtedness) that could result in prepayments or redemptions of such Indebtedness, in each case, on or
prior to the date that is 91 days after Latest Term Loan Maturity Date at the time such Indebtedness is
incurred (excluding customary bridge facilities so long as the Indebtedness outstanding under any such customary bridge facility will be automatically converted into or exchanged for long-term debt that satisfies this clause (ii) and any such
conversion or exchange is subject only to customary conditions) and (iii) does not have a Weighted Average Life to Maturity shorter than the Weighted Average Life to Maturity of the Loans being refinanced by such Indebtedness. 

“Permitted Other Indebtedness”: any Permitted First Priority Refinancing Notes, any Permitted Junior Lien Refinancing Notes
and any Permitted Unsecured Refinancing Notes. 
 “Permitted Restriction”: any encumbrance or restriction (i) existing
under or by reason of applicable Law, (ii) restrictions on the transfer of Property, or the granting of Liens on Property, in each case, subject to Liens not prohibited hereunder, (iii) customary restrictions on subletting or assignment of
any lease or sublease governing a leasehold interest of the Borrower or any of its Restricted Subsidiaries, (iv) restrictions on the transfer of any asset, or the granting of Liens on any asset, subject to a contract with respect to a
Disposition not prohibited by this Agreement and related solely to such asset subject to such Disposition, (v) restrictions contained in the existing Indebtedness listed on Schedule 7.2 and refinancings thereof; provided such refinancing
does not expand the scope of such encumbrance or restriction, (vi) restrictions contained in Indebtedness of Persons acquired pursuant to, or assumed in connection with, Permitted Acquisitions or other acquisitions not prohibited hereunder
after the Closing Date and refinancings thereof, so long as such Indebtedness was not entered into solely in contemplation of such Person becoming a Restricted Subsidiary of the Borrower, (vii) restrictions contained in any Permitted Unsecured Indebtedness, Permitted Subordinated Indebtedness,
Permitted First Priority Refinancing Debt, Permitted Junior Lien Refinancing Debt and Permitted Unsecured Refinancing Debt, to the extent that such restrictions apply only to the property or assets securing such Indebtedness or to the Restricted
Subsidiaries incurring or guaranteeing such Indebtedness,
(viii) customary restrictions in joint venture arrangements; provided, that such restrictions are limited to the assets of such joint ventures and the Equity Interests of the Persons party to such joint venture arrangements, (ix)
customary non-assignment provisions or other customary restrictions arising under licenses, leases and other contracts entered into in the ordinary course of business; provided, that such restrictions are limited to the assets subject to such
licenses, leases and contracts and the Capital Stock of the Persons party to such licenses and contracts and (xi) restrictions contained in Indebtedness of Foreign Subsidiaries incurred pursuant to Section 7.2(k) and refinancings thereof;
provided that such restrictions apply only to the Foreign Subsidiaries incurring such Indebtedness and their Subsidiaries (and the assets thereof). 

  
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 “Permitted Subordinated Indebtedness”: any unsecured Indebtedness of the
Borrower or any Subsidiary Guarantor (a) no part of the principal of which is stated to be payable or is required to be paid (whether by way of mandatory sinking fund, mandatory redemption, mandatory prepayment or other mandatory payment) prior
to the final maturity date of the Term Loans then
outstandingLatest Maturity Date at such time or,
if later, the Revolving Credit Termination Date (excluding customary bridge facilities so long as the Indebtedness outstanding under any such customary bridge facility will be automatically converted into or exchanged for long-term debt that
satisfies this clause (a) and any such conversion or exchange is subject only to customary conditions), (b) the payment of the principal of which is subordinated to the prior payment in full of the Obligations in a manner that is either
consistent with market subordination terms as of the time of incurrence for high-yield subordinated loans or debt securities or otherwise reasonably acceptable to the Administrative Agent and (c) otherwise containing terms, covenants and
conditions that, in the reasonable judgment of the Borrower, are generally customary for similarly situated borrowers in high-yield subordinated loans or debt securities or otherwise reasonably acceptable to the Administrative Agents at the time of
incurrence. 
 “Permitted Unsecured Indebtedness”: any unsecured Indebtedness of the Borrower or any Subsidiary
Guarantor (a) no part of the principal of which is stated to be payable or is required to be paid (whether by way of mandatory sinking fund, mandatory redemption, mandatory prepayment or other mandatory payment (except customary change of
control (and, in the case of convertible or exchangeable debt instruments, delisting provisions) or events of default that provide for the prior repayment in full of such Indebtedness)) prior to the final maturity date of the Term Loans then
outstandingLatest Term Loan Maturity Date at such time or, if later, the Revolving Credit Termination Date (excluding bridge facilities allowing extensions on customary terms), (b) which shall not have any financial maintenance covenants, (c) which shall
not have a definition of “Change of Control” or “Change in Control” (or any other defined term having a similar purpose) that is materially more restrictive than clause (k) of Article VIII, (d) which shall not have
events of default that are materially more favorable to the holders of such Indebtedness than the events of default set forth in this Agreement, in each case, taken as a whole, and (e) which shall have covenants that, in the reasonable judgment
of the Borrower, are generally customary for similarly situated issuers in capital markets transactions at the time of issuance (other than, in the case of any bridge facility, covenants, defaults and remedy provisions customary for bridge
financings). 
 “Permitted Unsecured Refinancing Debt”: any Permitted Unsecured Refinancing Loans and any Permitted
Unsecured Refinancing Notes. 
 “Permitted Unsecured Refinancing Loans”: any Credit Agreement Refinancing Indebtedness in
the form of unsecured Indebtedness incurred by the Borrower and/or the Guarantors in the form of one or more series of senior unsecured loans. 

  
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 “Permitted Unsecured Refinancing Notes”: any Permitted Other Indebtedness
in the form of unsecured Indebtedness (including any Registered Equivalent Notes) incurred by the Borrower and/or the Guarantors in the form of one or more series of senior unsecured notes (whether issued in a public offering, Rule 144A, private
placement or otherwise); provided that such Indebtedness meets the Permitted Other Debt Conditions. Permitted Unsecured Refinancing Notes will include any Registered Equivalent Notes issued in exchange therefore. 

“Person”: an individual, partnership, corporation, limited liability company, business trust, joint stock company, trust,
unincorporated association, joint venture, Governmental Authority or other entity of whatever nature. 
 “Plan”: at a
particular time, any employee benefit plan which is covered by ERISA and in respect of which the Borrower or a Commonly Controlled Entity is (or, if such plan were terminated at such time, would under Section 4069 of ERISA be deemed to be) an
“employer” as defined in Section 3(5) of ERISA. 
 “Post-Acquisition Period”: with respect to any Material
Acquisition, the period beginning on the date such transaction is consummated and ending on the date that is twelve months after the date on which such transaction is consummated. 

“Pricing Grid”: the table set forth below: 
  

							
	 Consolidated Total Leverage

Ratio
	  	 Applicable Margin
for
Tranche A
Term Loans and
Revolving Credit
Loans that are
LIBOR Loans
	  	 Applicable
Margin
for
Tranche A Term
Loans and
Revolving Credit
Loans that are
ABR Loans
	  	 Commitment Fee
Rate

	 Greater than 2.75 to 1.00
	  	2.50 %	  	1.50%	  	0.35%
	
Less Greater
 than 2.75 to 1.00 but greater than or equal to 2.00 to 1.00
	  	2.25%1.75%	  	1.25%.75%	  	0.30%
	 Less than 2.00 to 1.00 but greater than or equal to 1.00 to 1.00
	  	2.00%1.50 %	  	1.00%0.50%	  	0.30%0.25%
	 Less than 1.00 to 1.00
	  	1.75%1.25%	  	0.75%0.25%	  	0.25%0.20%

  
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Changes in the Applicable Margin with respect to Revolving Credit Loans, Tranche A Term Loans or in the Commitment Fee Rate resulting from changes in the Consolidated Total Leverage Ratio shall become effective on the date (the “Adjustment Date”) on which financial statements are
delivered to the Lenders pursuant to Section 6.1 (but in any event not later than the 45th day after the end of each of the first three quarterly periods of each fiscal year or the 90th day after the end of each fiscal year, as the case may be)
and shall remain in effect until the next change to be effected pursuant to this paragraph. If any financial statements referred to above are not delivered within the time periods specified above, then, until such financial statements are delivered,
the Consolidated Total Leverage Ratio as at the end of the fiscal period that would have been covered thereby shall for the purposes of this definition be deemed to be greater than 2.752.00 to 1.00. In addition, at all times while an Event of Default shall have occurred and be continuing, Consolidated Total Leverage Ratio shall for the purposes of this definition be deemed to be greater than 2.752.00 to 1.00. Each determination of the Consolidated Total Leverage Ratio pursuant to this definition shall be made with respect to the period of four consecutive fiscal quarters of the Borrower and its Restricted
Subsidiaries ending at the end of the period covered by the relevant financial statements. 
 “Prime Rate”: the rate
of interest per annum publicly announced from time to time by the Administrative Agent as its prime rate in effect at its principal office in New York City (the Prime Rate not being intended to be the lowest rate of interest charged by the
Administrative Agent in connection with extensions of credit to debtors). 
 “Pro Forma Basis”, “Pro Forma
Compliance” and “Pro Forma Effect”: with respect to compliance with any test, financial ratio, or covenant hereunder, the determination of such calculation, test, financial ratio or covenant is made in accordance with
Section 1.3, including with respect to any Specified Transactions. 
 “Pledged Stock”: as defined in the Guarantee and
Collateral Agreement. 
 “Projections”: as defined in Section 6.2(c). 
 “Properties”: as defined in Section 4.17(a). 

“Property”: any right or interest in or to property of any kind whatsoever, whether real, personal or mixed and whether
tangible or intangible, including Capital Stock. 
 “PTE”: a prohibited transaction class exemption issued by the U.S.
Department of Labor, as any such exemption may be amended from time to time. 
 “QFC”: has the meaning assigned to the term “qualified financial contract” in, and shall be interpreted
in accordance with, 12 U.S.C. 5390(c)(8)(D). 
 “QFC Credit Support”: has the meaning assigned to it in Section 10.21. 

“Qualified
 ECP Guarantor”: means, in respect of any Swap Obligation, each Loan Party that has total assets exceeding $10,000,000 at the time the relevant Loan Guaranty or grant of the relevant security interest becomes or would become effective with
respect to such Swap Obligation or such other person as constitutes an “eligible contract participant” under the Commodity Exchange Act or any regulations promulgated thereunder and can cause another person to qualify as an “eligible
contract participant” at such time by entering into a keepwell under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 

“Recipient”: (a) the Administrative Agent, (b) any Lender or (c) the Issuing Lender, as applicable. 

  
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“Recovery Event”: any settlement of or payment in respect of any
property or casualty insurance claim or any condemnation proceeding relating to any asset of the Borrower or any of its Restricted Subsidiaries (excluding the proceeds of business interruption insurance for lost revenues) resulting in the receipt of
Net Cash Proceeds in excess of $2,500,000Reference Time”: with respect to any setting of the
then-current Benchmark means (1) if such Benchmark is LIBOR Rate, 11:00 a.m. (London time) on the day that is two London banking days preceding the date of such setting, and (2) if such Benchmark is not LIBOR Rate, the time determined by
the Administrative Agent in its reasonable discretion. 
 “Refinanced
Debt”: as defined in the definition of “Credit Agreement Refinancing Indebtedness”. 
 “Refinancing
Amendment”: an amendment to this Agreement executed by each of (a) the Borrower, (b) the Administrative Agent, (c) each Additional Refinancing Lender and (d) each Lender that agrees to provide any portion of Refinancing
Term Loan Commitments, Refinancing Term Loans, Refinancing Revolving Credit Commitments or Refinancing Revolving Credit Loans incurred pursuant thereto, in accordance with Section 2.15. 

“Refinancing Revolving Credit Commitments”: one or more Classes of revolving credit commitments hereunder that result from a
Refinancing Amendment. 
 “Refinancing Revolving Credit Loans”: one or more Classes of Revolving Credit Loans that result
from a Refinancing Amendment. 
 “Refinancing Term Loan Commitments”: one or more Classes of Term Loan Commitments
hereunder that are established to fund Refinancing Term Loans pursuant to a Refinancing Amendment. 
 “Refinancing Term
Loans”: one or more Classes of Term Loans hereunder that result from a Refinancing Amendment. 
 “Register”: as
defined in Section 10.6(b)(iv). 
 “Registered Equivalent Notes”: with respect to any notes originally issued in an
offering pursuant to Rule 144A under the Securities Act or other private placement transaction under the Securities Act, substantially identical notes (having the same guarantees) issued in a dollar-for-dollar exchange therefor pursuant to an
exchange offer registered with the SEC. 
 “Regulation U”: Regulation U of the Board as in effect from time to time. 

“Rejection Notice”: as defined in Section
2.12(g). 
 “Reimbursement Obligation”: the obligation of
the Borrower to reimburse the Issuing Lender pursuant to Section 3.5 for amounts drawn under Letters of Credit. 

  
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“Reinvestment Deferred Amount”: with respect to any Reinvestment Event, the aggregate Net Cash
Proceeds received by the Borrower or any of its Restricted Subsidiaries in connection therewith that are not applied to prepay the Term Loans pursuant to Section 2.12(b) as a result of the delivery of a Reinvestment Notice. 

“Reinvestment Event”: any Asset Sale or Recovery Event in
respect of which the Borrower has delivered a Reinvestment Notice. 
 “Reinvestment Notice”: a written notice executed by a Responsible Officer stating that no Event of Default has occurred and is continuing and that the Borrower (directly or indirectly
through a Restricted Subsidiary) in good faith intends to use all or a specified portion of the Net Cash Proceeds of an Asset Sale or Recovery Event to restore, rebuild, repair, construct, improve, maintain, upgrade, develop, replace or otherwise
acquire assets (other than inventory acquired in the ordinary course of business) useful in its business; it being understood that the Borrower may elect by such notice to reinvest proceeds attributable to any such Asset Sale or Recovery Event prior
to the receipt of such Net Cash Proceeds or any time on or prior to the date on which such Net Cash Proceeds would otherwise be required to be applied to prepay Loans in accordance with Section 2.12(d). 

“Reinvestment Prepayment Amount”: with respect to any
Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to restore, rebuild, repair, construct, improve, maintain, upgrade, develop, replace or otherwise
acquire assets useful in the Borrower’s or any Restricted Subsidiary’s business (other than any amount expended to acquire inventory in the ordinary course of business) or to make Permitted Acquisitions or other Investments (other than
Investments constituting the acquisition inventory in the ordinary course of business) permitted pursuant to clauses (c) (solely with respect to cash and cash equivalents to be used to make any other Investment permitted herein prior to the
Reinvestment Payment Date) (e), (j), (k) or (m) of Section 7.8. 

“Reinvestment Prepayment Date”: with respect to any Reinvestment
Event, the earlier of (a) the date occurring twelve months after such Reinvestment Event (or, if the Borrower or any Restricted Subsidiary shall have
entered into a legally binding commitment within twelve months after such Reinvestment Event to restore, rebuild, repair, construct, improve, maintain, upgrade, develop, replace or otherwise acquire assets (other than inventory acquired in the
ordinary course of business) useful in the Borrower’s or such Restricted Subsidiary’s business or to make Permitted Acquisitions or other Investments (other than Investments constituting the acquisition of inventory in the ordinary course
of business) to clauses (c) (solely with respect to cash and cash equivalents to be used to make any other Investment permitted herein prior to the Reinvestment Payment Date) (e), (j), (k) or (m) of Section 7.8 with the
applicable Reinvestment Deferred Amount, the date occurring 18 months after such Reinvestment Event) and (b) the date on which the Borrower shall have determined not to reinvest the relevant Reinvestment Deferred Amount (to the extent of such
amount not to be reinvested)Relevant Governmental Body” means the Federal Reserve Board and/or the
NYFRB, or a committee officially endorsed or convened by the Federal Reserve Board and/or the NYFRB, or, in each case, any successor thereto. 

  
 - 41 - 

 “Reportable Event”: any of the events set forth in Section 4043(c) of
ERISA, other than those events as to which the thirty day notice period is waived under subsections .27, .28, .29, .30, .31, .32, .34 or .35 of PBGC Reg. § 4043. 

“Required Lenders”: the holders of more than 50% of the sum of (i) the aggregate principal amount of the Term
Loans, if any, then outstanding and (ii) the Total
Revolving Credit Commitments or, if the Revolving Credit Commitments have been terminated, the Total Revolving Extensions of Credit then outstanding. 

“Requirement of Law”: as to any Person, any law, treaty, rule or regulation or determination of an arbitrator or a court or
other Governmental Authority, in each case applicable to or binding upon such Person or any of its Property or to which such Person or any of its Property is subject. 

“Resolution
 Authority”: means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority. 

“Responsible Officer”: the chief executive officer, president, chief financial officer, treasurer, controller, chief
accounting officer or general counsel (or other senior officer authorized to executed documents on behalf of the Borrower) of the Borrower, but in any event, with respect to financial matters, the chief financial officer, treasurer, controller or
chief accounting officer (or other senior officer with equivalent responsibilities authorized to executed documents on behalf of the Borrower) of the Borrower. 

“Restricted Payments”: as defined in Section 7.6. 

“Restricted Subsidiary”: any Subsidiary of the Borrower other than an Unrestricted Subsidiary. 

“Revolving Credit Commitment”: as to any Lender, the obligation of such Lender, if any, to make Revolving Credit Loans and
participate in Letters of Credit, in an aggregate principal and/or face amount not to exceed the amount set forth under the heading “Revolving Credit Commitment” opposite such Lender’s name on Schedule 1.1A or in the Assignment and
Assumption pursuant to which such Revolving Credit Lender became a party hereto, as the same may be changed from time to time pursuant to the terms hereof. The
originalAs of the First Amendment Effective Date,
the amount of the Total Revolving Credit Commitments is $75,000,000150,000,000. 

“Revolving Credit Commitment Period”: the period from and including the Closing Date to the Revolving Credit Termination
Date. 
 “Revolving Credit Facility”: the Revolving Credit Commitments and the extensions of credit made thereunder. 

“Revolving Credit Lender”: each Lender that has a Revolving Credit Commitment or that has made a Revolving Credit Loan. 

“Revolving Credit Loans”: Loans made under the Revolving Credit Commitments. 

  
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 “Revolving Credit Percentage”: as to any Revolving Credit Lender at any
time, the percentage which such Lender’s Revolving Credit Commitment then constitutes of the Total Revolving Credit Commitments (or, at any time after the Revolving Credit Commitments shall have expired or terminated, the percentage which the
aggregate principal amount of such Lender’s Revolving Extensions of Credit then outstanding constitutes of the aggregate principal amount of the Revolving Extensions of Credit then outstanding). Notwithstanding the foregoing, when a Defaulting
Lender shall exist (i) in the case of Section 2.27, Revolving Credit Percentages shall be determined without regard to any Defaulting Lender’s Revolving Credit Commitment and (ii) in the case of the defined term “Revolving
Extensions of Credit” (other than as used in Section 2.27(c)) and Section 2.4(a), Revolving Credit Percentages shall be adjusted to give effect to any reallocation effected pursuant to Section 2.27(c). 

“Revolving Credit Termination
Date”: December 21, 2026 (the fifth anniversary of
the
ClosingFirst
Amendment Effective Date), as such date may be extended in accordance with Section 2.29
or Section 10.1. 
 “Revolving Extensions of Credit”: as
to any Revolving Credit Lender at any time, an amount equal to the sum of (a) the aggregate principal amount of all Revolving Credit Loans made by such Lender then outstanding and (b) such Lender’s Revolving Credit Percentage of the
L/C Obligations then outstanding. 
 “Sanctioned Country”: at any time, a country, region or territory that is itself the
target of any comprehensive Sanctions (at the time of this Agreement, Cuba, Iran, North Korea, Syria and the Crimea region of Ukraine). 

“Sanctioned Person”: at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained
by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State or by the United Nations Security Council, the European Union or Her Majesty’s Treasury of the United Kingdom (b) any Person
located, organized or resident in a Sanctioned Country or (c) any Person owned 50% or more by or controlled by any such Person or Persons. 

“Sanctions”: economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by
(a) the U.S. government, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State or (b) the United Nations Security Council, the European Union or Her
Majesty’s Treasury of the United Kingdom or other relevant sanctions authority. 
 “SEC”: the Securities and Exchange Commission (or successors thereto or an
analogous Governmental Authority). 
 “Section 6.1 Financials”: the financial statements delivered, or required to be
delivered, pursuant to Section 6.1(a) or (b) together with the Compliance Certificate delivered, or required to be delivered, pursuant to Section 6.2(b). 

  
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 “Secured Cash Management Obligations”: all obligations of the Borrower and
each Subsidiary Guarantor arising in respect of Cash Management Services that (a) are owed pursuant to a Cash Management Agreement in effect on the Closing Date, entered into with a party that was the Administrative Agent or a Lender as of the
Closing Date or one of their respective Affiliates or (b) are owed pursuant to a Cash Management Agreement entered into after the Closing Date with a party that was a Lender or the Administrative Agent or an Affiliate of a Lender or the
Administrative Agent, in each case at the time such Cash Management Agreement was entered into, and, in the case of any such Cash Management Agreement referred to in clause (a) or (b) above, has been designated by the Borrower in a written
notice given to the Administrative Agent as a Cash Management Agreement the obligations under which are to constitute Secured Cash Management Obligations for purposes of the Loan Documents; provided that, so long as Chase is Administrative Agent hereunder and Chase or any of its Affiliates are providing Cash
Management Services for any Loan Party, neither Chase nor any of its Affiliates providing Cash Management Services shall be required to provide any notice described in this definition. 

“Secured Hedging Obligations”: all obligations of the Borrower and each Subsidiary Guarantor arising under each Hedging
Agreement that (a) was in effect on the Closing Date with a counterparty that was the Administrative Agent or a Lender as of the Closing Date or one of their respective Affiliates or (b) is entered into after the Closing Date with a
counterparty that was a Lender or the Administrative Agent or an Affiliate of a Lender or the Administrative Agent, in each case at the time such Hedging Agreement was entered into, and, in the case of any such Hedging Agreement referred to in
clause (a) or (b) above has been designated by the Borrower in a written notice given to the Administrative Agent as a Hedging Agreement the obligations under which are to constitute Secured Hedging Obligations for purposes of the Loan
Documents; provided that, so long as Chase is Administrative Agent hereunder and Chase or any of its Affiliates are
providing Hedging Agreements for any Loan Party, neither Chase nor any of its Affiliates providing Hedging Agreements shall be required to provide any notices described in this definition.

 “Secured Parties”: the Administrative Agent, the Issuing Lender and each Lender, in each case with respect to the
Facilities, each sub agent pursuant to Article IX appointed by the Administrative Agent (in the case of any sub-agent, solely to the extent such sub-agent is acting on behalf of the Administrative Agent under the Loan Documents), each provider of
Cash Management Services under a Cash Management Agreement the obligations under which constitute Secured Cash Management Obligations and each counterparty to any Hedging Agreement the obligations under which constitute Secured Hedging Obligations.

 “Security Documents”: the collective reference to the Guarantee and Collateral Agreement and all other security
documents hereafter delivered to the Administrative Agent granting a Lien on any Property of any Person to secure the obligations and liabilities of any Loan Party under any Loan Document. 

“Similar Business”: any business in which the
Borrower, the Target or any of their
respective and its Subsidiaries is engaged on
the
ClosingFirst Amendment Effective Date or that is
reasonably related, incidental or ancillary thereto (including assets, activities or businesses complementary thereto), or a reasonable extension, development or expansion thereof. 

“Single Employer Plan”: any Plan which is covered by Title IV of ERISA, but which is not a Multiemployer Plan. 

  
 - 44 - 

“SOFR”:
 means, with respect to any Business Day, a rate per annum equal to the secured overnight financing rate for such Business Day published by the SOFR Administrator on the SOFR Administrator’s Website on the immediately succeeding Business
Day. 

“SOFR
Administrator”: means the NYFRB (or a successor administrator of the secured overnight financing rate). 

“SOFR
Administrator’s Website”: means the NYFRB’s website, currently at http://www.newyorkfed.org, or any successor source for the secured overnight financing rate identified as such by the SOFR Administrator from time to time. 
 “Solvent”: when used with respect to any Person, means that, as of any date
of determination: (a) the amount of the “present fair saleable value” of the assets of such Person will, as of such date, exceed the amount of all “liabilities of such Person, contingent or otherwise”, as such quoted terms
are determined in accordance with applicable federal and state laws governing determinations of the insolvency of debtors, (b) the present fair saleable value of the assets of such Person will be greater than the amount that will be required to
pay the liability of such Person on its debts as such debts become absolute and matured, taking into account refinancing alternatives, (c) such Person will not have an unreasonably small amount of capital with which to conduct their business
and (d) such Person will be able to pay their debts as they mature. For purposes of this definition, (i) “debt” means liability on a “claim,” (ii) “claim” means any (x) right to payment, whether or
not such a right is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured or unsecured or (y) right to an equitable remedy for breach of performance if such breach
gives rise to a right to payment, whether or not such right to an equitable remedy is reduced to judgment, fixed, contingent, matured or unmatured, disputed, undisputed, secured or unsecured and (iii) the amount of any contingent liability has
been computed as the amount that, in light of all of the facts and circumstances existing as of the date hereof, represents the amount that would reasonably be expected to become an actual or matured liability in the ordinary course of business.

 “Specified Acquisition Agreement Representations”: the representations made by or with respect to the Target and its
subsidiaries in the Acquisition Agreement as are material to the interests of the Lenders, but only to the extent that the Borrower or its affiliates have the right (determined without regard to any notice requirement) to decline to close under the
Acquisition Agreement or to terminate their obligations under the Acquisition Agreement or to decline to consummate the Acquisition as a result of a breach of such representations in the Acquisition Agreement, in each case, without incurring any
liability for any termination payment, “break-up” fee or other material expense. 
 “Specified Representations”:
those representations and warranties in Sections 4.3 (solely with respect to the Loan Parties), 4.4 (solely as it relates to conflicts arising as a result of entry into, or performance of, the Loan Documents), 4.5 (solely with respect to the
organizational documents of the Loan Parties), 4.11, 4.14, 4.19 (as it relates to the creation, validity and perfection of the security interests in the Collateral, subject to the last paragraph of Section 5.01), 4.20 and 4.21 (solely with
respect to the last sentence thereof). 

  
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 “Specified Transaction”: (a) any Investment (including a Permitted
Acquisition) consisting of a Material Acquisition, (b) any asset sale consisting of a Material Disposition, (c) any incurrence or repayment of Indebtedness in an aggregate principal amount in excess of $5,000,000connection with a Permitted Acquisition, (d) any Restricted
Payment in an aggregate amount in excess of
$5,000,000under Section 7.6(e) and
(e) any designation of a Subsidiary as an Unrestricted Subsidiary or a Restricted Subsidiary. 
 “Statutory
Reserves”: a fraction (expressed as a decimal), the numerator of which is the number one and the denominator of which is the number one minus the aggregate of the maximum reserve percentage (including any marginal, special, emergency or
supplemental reserves) expressed as a decimal established by the Federal Reserve Board to which the Administrative Agent is subject with respect to the Adjusted LIBOR Rate, for eurocurrency funding (currently referred to as “Eurocurrency
liabilities” in Regulation D). Such reserve percentage shall include those imposed pursuant to Regulation D. LIBOR Loans shall be deemed to constitute eurocurrency funding and to be subject to such reserve requirements without benefit of or
credit for proration, exemptions or offsets that may be available from time to time to any Lender under Regulation D or any comparable regulation. Statutory Reserves shall be adjusted automatically on and as of the effective date of any change in
any reserve percentage. 
 “Sterling” or “£”: the lawful currency of the United Kingdom. 

“Subsidiary”: as to any Person, a corporation, partnership, limited liability company or other entity of which shares of
stock or other ownership interests having ordinary voting power (other than stock or such other ownership interests having such power only by reason of the happening of a contingency) to elect a majority of the board of directors or other managers
of such corporation, partnership or other entity are at the time owned. Unless otherwise qualified, all references to a “Subsidiary” or to “Subsidiaries” in this Agreement shall refer to a Subsidiary or Subsidiaries of the
Borrower. 
 “Subsidiary Guarantor”: (i) each Subsidiary of the Borrower that is party to the Guarantee and Collateral
Agreement on the Closing Date and (ii) each Subsidiary of the Borrower that becomes a party to the Guarantee and Collateral Agreement after the Closing Date pursuant to Section 6.9 or otherwise, in each case, unless and until such Person
ceases to be a Guarantor in a transaction not prohibited by the Loan Documents; provided that in no event shall any Excluded Subsidiary be required to be a Subsidiary Guarantor for so long as such Subsidiary is an Excluded Subsidiary.

“Supported
 QFC”: has the meaning assigned to it in Section 10.21. 

“Swap”: any agreement, contract, or transaction that constitutes a “swap” within the meaning of section 1a(47) of
the Commodity Exchange Act. 
 “Swap Obligation”: with respect to any person, any obligation to pay or perform under any
Swap. 
 “Target”: SiriusDecisions, Inc., a Delaware corporation. 

“Target Material Adverse Effect”: has the meaning given to such term in the Acquisition Agreement (as in effect on the date
hereof). 

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

“Term Loan Facility”: each of the Tranche A Term Loan Facility and any Incremental Term Loan FacilitySOFR”: means, for the applicable Corresponding Tenor as of the applicable Reference Time, the forward-looking term rate
based on SOFR that has been selected or recommended by the Relevant Governmental Body. 

“Term Loan Lenders”: collectively, the Tranche A Term Loan Lenders and the Incremental Term Loan LendersSOFR Notice”: means a written notification by the Administrative Agent to the Lenders and the Borrower of the occurrence
of a Term SOFR Transition Event. 
 “Term Loans”: collectively, the Tranche A Term Loans and the Incremental Term Loans 

“Term
SOFR Transition Event”: means the determination by the Administrative Agent that (a) Term SOFR has been recommended for use by the Relevant Governmental Body, (b) the administration of Term SOFR is administratively feasible for the
Administrative Agent and (c) a Benchmark Transition Event or an Early Opt-in Election, as applicable (and not in the case of an Other Benchmark Rate Election), has previously occurred resulting in a Benchmark Replacement in accordance with
Section 2.22 that is not Term SOFR. 
 “Test Period”: for
any determination under this Agreement, the four consecutive fiscal quarters of the Borrower and its Restricted Subsidiaries most recently ended on or prior to such date of determination and for which Section 6.1 Financials shall have been
delivered (or were required to be delivered) to the Administrative Agent or have been filledfiled with the SEC. 

“Total Revolving Credit Commitments”: at any time, the aggregate amount of the Revolving Credit Commitments at such time.

 “Total Revolving Extensions of Credit”: at any time, the aggregate amount of the Revolving Extensions of Credit of the
Revolving Credit Lenders at such time. 

“Tranche A Term Loan”: as defined in Section
2.1. 
 “Tranche A Term Loan Commitment”: as to any Lender, the obligation of such Lender, if any, to make a Tranche A Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth
under the heading “Tranche A Term Loan Commitment” opposite such Lender’s name on Schedule 1.1A or in the Assignment and Assumption pursuant to which such Tranche A Term Loan Lender became a party hereto. The aggregate amount of
Tranche A Term Loan Commitments as of the Closing Date is $125,000,000. 
 “Tranche A Term Loan Facility”: the Tranche A Term Loan Commitments and the Tranche A Term Loans made thereunder. 

  
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“Tranche A Term Loan Lender”: each Lender that has a Tranche A
Term Loan Commitment or that is the holder of a Tranche A Term Loan. 
 “Tranche A Term Loan Percentage”: as to any Tranche A Term Loan Lender at any time, the percentage that such Lender’s Tranche A Term Loan Commitment then constitutes of the aggregate Tranche A
Term Loan Commitments (or, at any time after the Closing Date, the percentage that the aggregate principal amount of such Lender’s Tranche A Term Loans then outstanding constitutes of the aggregate principal amount of the Tranche A Term Loans
then outstanding). 
 “Transaction Costs”: as defined in
the definition of “Transactions”. 
 “Transactions”: collectively, (a) the Acquisition, (b) the
execution, delivery and performance by the Borrower and the other Loan Parties of this Agreement, the borrowing of Loans hereunder and the use of proceeds thereof and (c) the payment of the fees and expenses incurred by the Borrower and its
Restricted Subsidiaries in connection with the transactions described in the foregoing clauses (a) and (b) (such fees and expenses, the “Transaction Costs”). 

“Transferee”: as defined in Section 10.16. 

“Type”: as to any Loan, its nature as an ABR Loan or a LIBOR Loan. 

“UCP”: with respect to any Letter of Credit, the Uniform Customs and Practice for Documentary Credits, International Chamber
of Commerce Publication No. 600 (or such later version thereof as may be in effect at the time of issuance). 
 “UK Financial Institution”: means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended
from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which
includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms. 

“UK
Resolution Authority”: means the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution. 

“Unadjusted
 Benchmark Replacement” means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment. 

“Uniform Commercial Code”: the Uniform Commercial Code or any successor provision thereof as the same may from time to time
be in effect in the State of New York or the Uniform Commercial Code or any successor provision thereof (or similar code or statute) of another jurisdiction, to the extent it may be required to apply to any item or items of Collateral. 

“United States”: the United States of America. 

  
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 “Unrestricted Subsidiary”: (i) any Subsidiary of the Borrower which at
the time of determination is an Unrestricted Subsidiary (as designated by the Borrower, as provided below) and (ii) any Subsidiary of an Unrestricted Subsidiary. The Subsidiaries that are Unrestricted Subsidiaries as of the Closing Date are
listed on Schedule 1.1B hereto. 

“U.S.
Special Resolution Regime” has the meaning assigned to it in Section 10.21. 

“Weighted Average Life to Maturity”: when applied to any Indebtedness at any date, the number of years obtained by dividing:
(i) the sum of the products obtained by multiplying (a) the amount of each then remaining installment, sinking fund, serial maturity or other required payments of principal, including payment at final maturity, in respect thereof, by
(b) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment by (ii) the then outstanding principal amount of such Indebtedness. 

“Wholly-Owned Foreign Subsidiary”: any Foreign Subsidiary that is a Wholly-Owned Subsidiary. 

“Wholly-Owned Subsidiary”: as to any Person, any other Person all of the Capital Stock of which (other than (i) a
nominal number of shares held by foreign nationals to the extent required by local law or (ii) directors’ qualifying shares required by law) is owned by such Person directly and/or through other Wholly-Owned Subsidiaries. 

“Write-Down and Conversion
Powers”: (a) with respect to any EEA Resolution
Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In
Legislation Schedule,
and
(b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In
Legislation to cancel, reduce, modify or change the form a liability of any UK Financial Institution or any contract or similar instrument under which that liability arises, to convert all or part of that liability into shares, securities or
obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that
Bail-In Legislation that are related to or ancillary to any of those powers. 

SECTION 1.2 Other Definitional Provisions. (a) Unless otherwise specified therein, all terms defined in this Agreement shall have
the defined meanings when used in the other Loan Documents or any certificate or other document made or delivered pursuant hereto or thereto. 

(b) As used herein and in the other Loan Documents, and any certificate or other document made or delivered pursuant hereto or
thereto, accounting terms relating to the Borrower and its Subsidiaries not defined in Section 1.1 and accounting terms partly defined in Section 1.1, to the extent not defined, shall have the respective meanings given to them under GAAP
(provided that all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made, without giving effect to (i) any election under Accounting
Standards Codification 825-10-25 (or any other Accounting Standards Codification having a similar result or effect) to value any Indebtedness or other liabilities of the Borrower or any Subsidiary at “fair value”, as defined therein and
(ii) any treatment of Indebtedness in respect of convertible debt instruments under Accounting Standards Codification 470-20 (or any other Accounting Standards Codification having a similar result or effect) to value any such Indebtedness in a
reduced or bifurcated manner as described therein, and such Indebtedness shall at all times be valued at the full stated principal amount thereof). 

  
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 (c) The words “hereof”, “herein” and
“hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Article, Section, Schedule and Exhibit references are to this Agreement
unless otherwise specified. 
 (d) The meanings given to terms defined herein shall be equally applicable to both the
singular and plural forms of such terms. 
 (e) References to agreements or other Contractual Obligations shall, unless
otherwise specified, be deemed to refer to such agreements or Contractual Obligations as amended, supplemented, restated or otherwise modified from time to time. 

(f) The words “include”, “includes” and “including” shall be deemed to be followed by the phrase
“without limitation”. 
 SECTION 1.3 Pro Forma and Other Calculations. 

(a) For purposes of calculating the
Consolidated Fixed
ChargeInterest Coverage Ratio, Consolidated First
Lien Leverage Ratio, Consolidated Secured Leverage Ratio and Consolidated Total Leverage Ratio, Specified Transactions that have been made by the Borrower or any Restricted Subsidiary during the Test Period or subsequent to such Test Period and on
or prior to or simultaneously with the date of determination shall be calculated on a Pro Forma Basis assuming that all such Specified Transactions (and
the change in any associated fixed chargechange in
interest expense obligations and the change in/or Consolidated EBITDA resulting therefrom) had occurred on the first
day of the Test Period. If, since the beginning of the applicable Test Period, any Person (that subsequently became a Restricted Subsidiary or was merged, consolidated or amalgamated with or into the Borrower or any Restricted Subsidiary since the
beginning of the applicable Test Period) shall have made any Specified Transaction that would have required adjustment pursuant to this Section 1.3, then the Consolidated Fixed
ChargeInterest Coverage Ratio, Consolidated First
Lien Leverage Ratio, Consolidated Secured Leverage Ratio and the Consolidated Total Leverage Ratio shall be calculated giving Pro Forma Effect thereto for such Test Period as if such Specified Transaction had occurred at the beginning of such Test
Period. 
 (b) Whenever Pro Forma Effect is to be given to a Specified Transaction, the pro forma calculations shall
be made in good faith by a responsible financial or accounting officer of the Borrower (and may include, without duplication, reasonably identifiable and factually supportable cost savings, operating expense reductions and synergies resulting from
such Specified Transaction which is being given Pro Forma Effect that have been or are expected to be realized (calculated on a pro forma basis as though such cost savings, operating expense reductions and synergies had been realized during the
entirety of the applicable period)). If any Indebtedness bears a floating rate of interest and is being given Pro Forma Effect, the interest on such Indebtedness shall be calculated as if the rate in effect on the date of determination had been the
applicable rate for the entire period (taking into account for such entire period, any Hedging Obligation applicable to such Indebtedness); provided that, in the case of repayment of any Indebtedness, to the extent actual interest
related thereto was included during all or any portion of the applicable Test Period, the actual interest may be used for the applicable portion of such Test Period. Interest on a Capital Lease Obligation shall be deemed to accrue at an interest
rate reasonably determined by a responsible financial or accounting officer of the Borrower to be the rate of interest implicit in such Capital Lease Obligation in accordance with GAAP. For purposes of making the computation referred to above,
interest on any Indebtedness under a revolving credit facility computed on a Pro Forma Basis shall be computed based upon the average daily balance of such Indebtedness during the applicable period (or, if lower, the greater of (i) maximum
commitments under such revolving credit facilities as of the date of determination and (ii) the aggregate principal amount of loans outstanding under such a revolving credit facilities on such date). Interest on Indebtedness that may optionally
be determined at an interest rate based upon a factor of a prime or similar rate, a eurocurrency interbank offered rate, or other rate, shall be deemed to have been based upon the rate actually chosen, or, if none, then based upon such optional rate
chosen as the Borrower may designate. 

  
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 In connection with any action being taken solely in connection with a Limited Condition AcquisitionTransaction
, for purposes of: 
 (i) determining compliance with any provision of this
Agreement which requires the calculation of the Consolidated Interest Coverage Ratio, or the Consolidated Total Leverage Ratio; 
 (ii) determining the accuracy of
representations and warranties in Article IV, the permissibility of such Limited Condition AcquisitionTransaction under Article VII and/or whether a Default or Event of
Default shall have occurred and be continuing under Article VIII; or 
 (iii) testing availability under baskets set
forth in this Agreement (including baskets measured as a percentage of Consolidated EBITDA or Consolidated Total Assets); 
 in each case, at the option of
the Borrower (the Borrower’s election to exercise such option in connection with any Limited Condition AcquisitionTransaction, an “LCALCT Election”), the date of determination of whether any such action is permitted hereunder, shall be deemed to be the date the definitive agreements for such Limited Condition
AcquisitionTransaction are entered into (or, in respect of any transaction described in clause (b) of the
“LCAdefinition of “Limited Condition Transaction”, the making of a declaration, delivery of notice or similar event)
(the “LCT Test Date”), and if, after giving Pro Forma Effect to the Limited Condition
AcquisitionTransaction and the other transactions
to be entered into in connection therewith (including any incurrence of Indebtedness and the use of proceeds thereof) as if they had occurred at the beginning of the most recent Test Period ending prior to the LCALCT Test Date, the Borrower could have taken such action on the relevant LCALCT Test Date in compliance with such ratio or basket, without any such
representation or warrantee being inaccurate in all material respects (or, if required, in all respects) on the applicable date and without the occurrence of any Default or Event of Default, such ratio or basket shall be deemed to have been complied
with, and any requirements to bring down any representations and warranties, to satisfy any covenant and/or for the absence of any Default or Event of Default shall be deemed to have been complied with. If the Borrower has made an LCALCT Election and any of the ratios or baskets for which compliance was determined or tested as of the LCALCT Test Date are exceeded as a result of fluctuations in any such ratio
or basket, including due to fluctuations in Consolidated EBITDA of the Borrower or the Person subject to such Limited Condition AcquisitionTransaction, at or prior to the consummation of the relevant transaction
or action, such baskets or ratios will not be deemed to have been exceeded as a result of such fluctuations. If the Borrower has made an LCALCT Election for any Limited Condition AcquisitionTransaction
, then in connection with any subsequent calculation of any ratio or basket availability with respect to the incurrence of Indebtedness or Liens, or the making of Restricted Payments, mergers, the
conveyance, lease or other transfer of all or substantially all of the consolidated total assets of the Borrower, the prepayment, redemption, purchase, defeasance or other satisfaction of Indebtedness, or the designation of an Unrestricted
Subsidiary on or following the relevant
LCALCT Test Date and prior to the earlier of
(i) the date on which such Limited Condition
AcquisitionTransaction is consummated or
(ii) the date that the definitive agreement for such Limited Condition AcquisitionTransaction is terminated or expires without consummation of such
Limited Condition
AcquisitionTransaction, any such ratio or basket
shall be calculated on a Pro Forma Basis assuming such Limited Condition AcquisitionTransaction and other transactions in connection therewith (including
any incurrence of Indebtedness and the use of proceeds thereof) have been consummated. 

  
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 (c) [Reserved.]. 

(d) Any determination of Consolidated Total Assets shall be made by reference to the last day of the Test Period most recently
ended on or prior to the relevant date of determination. 
 (e) Except as otherwise specifically provided herein, all
computations of the Consolidated Fixed
ChargeInterest Coverage Ratio, the Consolidated
Total Leverage Ratio and other financial ratios and financial calculations (and all definitions (including accounting terms) used in determining any of the foregoing) and all computations and all definitions (including accounting terms) used in
determining compliance with
Section 7.1the Financial Covenants shall be
calculated, in each case, with respect to the Borrower and the Restricted Subsidiaries on a consolidated basis. 
 (f)
Notwithstanding anything to the contrary contained herein, all leases of any Person that are or would have been characterized as operating leases in accordance with GAAP immediately prior to the Closing Date (whether or not such leases were in
effect on such date) shall be accounted for as operating leases (and not as Capital Leases) for purposes of this Agreement regardless of any change in GAAP following the Closing Date that would otherwise require such leases to be recharacterized as
Capital Leases, and any determination of whether a lease is a Capital Lease or an operating lease shall exclude the effect of the adoption of Accounting Standards Update No. 2016-02 by the Financial Accounting Standards Board (“ASU
2016-02”) or any related promulgation or accounting standards such that “Capital Leases” and “Capital Lease Obligations” shall specifically exclude liabilities that were considered operating lease liabilities under GAAP
prior to the adoption of ASU 2016-02 or any related promulgation or accounting standard, and all calculations and deliverables under this Agreement or any other Loan Document shall be made or delivered, as applicable, without giving effect thereto,
and, without limitation of the generality if the foregoing, all such leases shall be treated as operating leases for the purpose of
calculating the Consolidated EBITDA, the Consolidated Interest Coverage Ratio, the Consolidated Total Leverage Ratio and any
other financial definition or ratio in any Loan Document. All Capital Leases that were assumed by the Borrower or a Restricted Subsidiary in connection with the Acquisition or any Permitted Acquisition or other Investment or were in existence at the
time any Person became a Restricted Subsidiary as a result of the Acquisition or a Permitted Acquisition or other Investment (and not, in each case, incurred or
created in contemplation of the Acquisition or Permitted Acquisition or other Investment) shall be treated as operating leases for the purpose of calculating Consolidated EBITDA, the
Consolidated Interest Coverage Ratio, the Consolidated
Total Leverage Ratio and any other financial definition or ratio in any Loan Document and “Capital Leases” and “Capital Lease Obligations” shall specifically exclude liabilities thereunder. 

  
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 (g) In the event that any Indebtedness, Lien, Restricted Payment, Investment
or payment of junior or unsecured Indebtedness meets the criteria of more than one of the categories of permitted Indebtedness, Lien, Restricted Payment, Investment or debt payment described in Section 7.2, Section 7.3, Section 7.6,
Section 7.8, or Section 7.9, respectively, at the time of incurrence, the Borrower will be entitled to divide and classify Indebtedness, Liens, Restricted Payments, Investments or debt payments, as the case may be, among the relevant
categories of permitted Indebtedness, Lien, Restricted Payment, Investment or debt payment, as the case may be. 
 SECTION 1.4
Currencies; Letters of Credit. 

(a) For purposes of this Agreement and the other Loan Documents, where the permissibility of a transaction or determinations of
required actions or circumstances depend upon compliance with, or are determined by reference to, amounts stated in Dollars, any requisite currency translation shall be based on the rate of exchange between the applicable currency and Dollars (as
quoted by the Administrative Agent or if the Administrative Agent does not quote a rate of exchange on such currency, by a known dealer in such currency reasonably acceptable to the Borrower and the Administrative Agent) in effect on the Business
Day immediately preceding the date of such transaction or determination and shall not be affected by subsequent fluctuations in exchange rates. 

(b) The Borrower may from time to time request that Letters of Credit be issued in a currency other than Dollars, AUD, Euro or
Sterling; provided that such requested currency is a lawful currency (other than Dollars, AUD, Euro or Sterling) that is readily available and freely transferable and convertible into Dollars. Such request shall be subject to the
approval of the applicable Issuing Lenders. 
 (c) Any such request shall be made to the Administrative Agent and the Issuing
Lender not later than 11:00 a.m., 10 days prior to the requested date of the issuance of such Letter of Credit (or such other time or date as may be agreed by the Administrative Agent and the Issuing Lender, in their sole discretion). Each
applicable Issuing Lender shall notify the Administrative Agent, not later than 11:00 a.m., five days after receipt of such request whether it consents, in its sole discretion, to the issuance of Letters of Credit in such requested currency. 

  
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 (d) Any failure by an Issuing Lender to respond to such request within the
time period specified in the preceding paragraph shall be deemed to be a refusal by such Issuing Lender to issue Letters of Credit in such requested currency. If the Administrative Agent and the applicable Issuing Lender agree to the issuance of
Letters of Credit in such requested currency, the Administrative Agent shall so notify the Borrower and the Borrower and the Administrative Agent shall amend this Agreement and the other Loan Documents as necessary to accommodate such Letters of
Credit (as applicable). This Section 1.4 shall supersede anything to the contrary herein, including Section 10.1. 

(e)
 Unless otherwise specified herein, the amount of a Letter of Credit at any time shall be deemed to be the
stated amount of such Letter of Credit available to be drawn at such time; provided that with respect to any Letter of Credit that, by its terms or the terms of any Letter of Credit Agreement related thereto, provides for one or more automatic
increases in the available amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum amount is available to be drawn
at such time. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Article 29(a) of the UCP (or such later version
thereof as may be in effect at the applicable time) or Rule 3.13 or Rule 3.14 of the International Standby Practices, International Chamber of Commerce Publication No. 590 (or such later version thereof as may be in effect at the applicable
time) or similar terms of the Letter of Credit itself, or if compliant documents have been presented but not yet honored, such Letter of Credit shall be deemed to be “outstanding” and “undrawn” in the amount so remaining
available to be paid, and the obligations of the Borrower and each Lender shall remain in full force and effect until the Issuing Lender and the Lenders shall have no further obligations to make any payments or disbursements under any circumstances
with respect to any Letter of Credit. 
 SECTION 1.5 Cashless Rollovers.
Notwithstanding anything to the contrary contained in this Agreement or in any other Loan Document, to the extent that any Lender extends the maturity date of, or replaces, renews or refinances, any of its then-existing Loans with any Incremental
Facility, Loans under incurred pursuant to a Refinancing Amendment and/or loans incurred under a new credit facility, in each case, to the extent such extension, replacement, renewal or refinancing is effected by means of a “cashless roll”
by such Lender, such extension, replacement, renewal or refinancing shall be deemed to comply with any requirement hereunder or any other Loan Document that such payment be made “in Dollars”, “in immediately available funds”,
“in Cash” or any other similar requirement. 

SECTION 1.6
Interest Rates; Benchmark Notifications. The interest rate on a Loan denominated in dollars may be derived from an interest rate benchmark that may be discontinued or is, or may in the future become, the subject of regulatory reform. Upon the
occurrence of a Benchmark Transition Event, Section 2.22(b) provides a mechanism for determining an alternative rate of interest. The Administrative Agent does not warrant or accept any responsibility for and, in the absence of its gross
negligence or willful misconduct as determined in a final and non-appealable judgment of a court of competent jurisdiction, shall not have any liability with respect to, the administration, submission, performance or any other matter related to any
interest rate used in this Agreement, or with respect to any alternative or successor rate thereto, or replacement rate thereof, including without limitation, whether the composition or characteristics of any such alternative, successor or
replacement reference rate will be similar to, or produce the same value or economic equivalence of, the existing interest rate being replaced or have the same volume or liquidity as did any existing interest rate prior to its discontinuance or unavailability. The
Administrative Agent and its affiliates and/or other related entities may engage in transactions that affect the calculation of any interest rate used in this Agreement or any alternative, successor or alternative rate (including any Benchmark
Replacement) and/or any relevant adjustments thereto, in each case, in a manner adverse to the Borrower. The Administrative Agent may select information sources or services in its reasonable discretion to ascertain any interest rate used in this
Agreement, any component thereof, or rates referenced in the definition thereof, in each case pursuant to the terms of this Agreement, and, in the absence of its gross negligence or willful misconduct as determined in a final and non-appealable
judgment of a court of competent jurisdiction, shall have no liability to the Borrower, any Lender or any other person or entity for damages of any kind, including direct or indirect, special, punitive, incidental or consequential damages, costs,
losses or expenses (whether in tort, contract or otherwise and whether at law or in equity), for any error or calculation of any such rate (or component thereof) provided by any such information source or service. 

  
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SECTION 1.7
Status of Obligations. In the event that the Borrower or any other Loan Party shall at any time issue or have outstanding any Subordinated Indebtedness, the Borrower shall take or cause such other Loan Party to take all such actions as shall be
necessary to cause the Obligations to constitute senior indebtedness (however denominated) in respect of such Subordinated Indebtedness and to enable the Administrative Agent and the Lenders to have and exercise any payment blockage or other
remedies available or potentially available to holders of senior indebtedness under the terms of such Subordinated Indebtedness. Without limiting the foregoing, the Secured Obligations are hereby designated as “senior indebtedness” and as
“designated senior indebtedness” and words of similar import under and in respect of any indenture or other agreement or instrument under which such Subordinated Indebtedness is outstanding and are further given all such other designations
as shall be required under the terms of any such Subordinated Indebtedness in order that the Lenders may have and exercise any payment blockage or other remedies available or potentially available to holders of senior indebtedness under the terms of
such Subordinated Indebtedness. 
 SECTION 1.8 Divisions. For all purposes under the Loan Documents, in connection with any Division or plan of division under
Delaware law (or any comparable event under a different jurisdiction’s laws): (a) if any asset, right, obligation or liability of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed
to have been transferred from the original Person to the subsequent Person, and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized and acquired on the first date of its existence by the holders of
its Equity Interests at such time. 
 ARTICLE II. 

REFINANCING OF EXISTING
TERM LOANS; AMOUNT AND TERMS OF 
 COMMITMENTS 

SECTION 2.1 Term Loan Commitments. Subject to the terms and
conditions hereof, each Tranche A Term Loan Lender severally agrees to make a term loan (a “Tranche A Term Loan”) to the Borrower in Dollars on the Closing Date in an amount equal to the amount of the Tranche A Term Loan Commitment of such Lender. The Term Loans may from time to
time be LIBOR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.13. 

 

  
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 SECTION
2.2 Procedure for Term Loan Borrowing. The Borrower shall give the Administrative Agent irrevocable (provided that any such notice may be conditioned on the occurrence of a transaction and, if such condition is not satisfied on or
prior to the date of such Borrowing, may be revoked by the Borrower in a written notice to the Administrative Agent) notice (which notice must be received by the Administrative Agent (a) prior to 12:00 p.m. (Noon), Local Time, three Business
Days prior to the Closing Date, in the case of LIBOR Loans or (b) prior to 12:00 p.m. (Noon), Local Time, one Business Day prior to the Closing Date, in the case of ABR Loans or, in each case, such later date and time as the Administrative
Agent may agree) requesting that the Tranche A Term Loan Lenders make the Tranche A Term Loans on the Closing Date and specifying the amount to be borrowed. Such notice may be substantially in the form of Exhibit I or in such other form as the
Borrower and the Administrative Agent may agree. Upon receipt of such notice the Administrative Agent shall promptly notify each Tranche A Term Loan Lender thereof. Not later than 12:00 p.m. (Noon), Local Time, on the Closing Date each Tranche A
Term Loan Lender shall make available to the Administrative Agent at the applicable Funding Office by wire transfer an amount in immediately available funds equal to the Tranche A Term Loans to be made by such Lender. The Administrative Agent shall
make available to the Borrower the aggregate of the amounts made available to the Administrative Agent by the Tranche A Term Loan Lenders in immediately available funds by promptly remitting the amounts so received to the account of the Borrower
specified by the Borrower in the applicable irrevocable notice specified above. 

SECTION 2.3 Repayment of Term Loans. (a) (a) Subject to Sections 2.8(a), the principal amount of each
Tranche A Term Loan of each Tranche A Term Loan Lender shall mature in consecutive quarterly installments, each of which shall be in an amount equal to each Lender’s Tranche A Term Loan Percentage multiplied by the amount set forth below
opposite such installment date (after giving effect to any reduction in such amount resulting from the application of prepayments made pursuant to Section 2.11 or 2.12); provided that if
any such installment date is not a Business Day, such installment payment shall be made on the last Business Day immediately preceding such installment date: 

  
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	 Date
	  	
Installment

	 March 31, 2019
	  	$1,562,500
	 September 30, 2019
	  	$1,562,500
	 December 31, 2019
	  	$1,562,500
	 March 31, 2020
	  	$2,343,750
	 June 30, 2020
	  	$2,343,750
	 September 30, 2020
	  	$2,343,750
	 December 31, 2020
	  	$2,343,750
	 March 31, 2021
	  	$3,125,000
	 June 30, 2021
	  	$3,125,000
	 September 30, 2021
	  	$3,125,000
	 December 31, 2021
	  	$3,125,000
	 March 31, 2022
	  	$3,125,000
	 June 30, 2022
	  	$3,125,000
	 September 30, 2022
	  	$3,125,000
	 December 31, 2022
	  	$3,125,000
	 March 31, 2023
	  	$3,906,250
	 June 30, 2023
	  	$3,906,250
	 September 30, 2023
	  	$3,906,250
	 December 31, 2023
	  	$3,906,250
	 January 3, 2024
	  	All amounts in respect of Tranche Term Loans

 (b) The
Incremental Term Loans of each Incremental Term Loan Lender shall mature in consecutive installments (which shall be no more frequent than quarterly) as specified in the Increased Facility Activation Notice pursuant to which such Incremental Term
Loans were made 
 SECTION 2.1 Existing Tranche A Term Refinancing.  The Existing Tranche A Term Loans held by each Existing Tranche A Term Lender on the First Amendment Effective Date shall be
refinanced with proceeds of a Revolving Credit Loan deemed made by means of a “cashless roll” in accordance with Section 1.5 on the First Amendment Effective Date and in a principal amount equal to the Existing Tranche A Term Loan
held by each such Existing Tranche A Term Lender on such date. The Revolving Credit Loan deemed made by each Existing Tranche A Term Lender on the First Amendment Effective Date shall be deemed requested in accordance with Section 2.5 for all
purposes of this Agreement. 
 SECTION 2.2 [Reserved]. 

SECTION 2.3
[Reserved]. 

  
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 SECTION 2.4 Revolving Credit Commitments. (a) Subject to the terms and
conditions hereof, each Revolving Credit Lender severally agrees to make revolving credit loans (“Revolving Credit Loans”) to the Borrower, in Dollars, from time to time during the Revolving Credit Commitment Period in an aggregate
principal amount at any one time outstanding which, when added to the sum of such Lender’s Revolving Credit Percentage of the L/C Obligations then outstanding, does not exceed the amount of such Lender’s Revolving Credit Commitment; provided that the aggregate principal amount of the Revolving Credit Loans borrowed on the Closing Date shall not exceed $50,000,000. During the Revolving Credit Commitment Period the Borrower may use the Revolving Credit Commitments by borrowing, prepaying the Revolving Credit Loans in whole or in part, and reborrowing, all in accordance with
the terms and conditions hereof. The Revolving Credit Loans in Dollars may from time to time be LIBOR Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13;
provided that no Revolving Credit Loan shall be made as a LIBOR Loan after the day that is one month prior to the Revolving Credit Termination Date. 

(b) The Borrowers shall repay all outstanding Revolving Credit Loans on the Revolving Credit Termination Date. 

SECTION 2.5 Procedure for Revolving Credit Borrowing. The Borrower may borrow under the Revolving Credit Commitments during the
Revolving Credit Commitment Period on any Business Day; provided that the Borrower shall give the Administrative Agent irrevocable (provided that any such notice may be conditioned on the occurrence of a transaction and,
if such condition is not satisfied on or prior to the date of such Borrowing, may be revoked by the Borrower in a written notice to the Administrative Agent) notice (which notice must be received by the Administrative Agent (a) prior to 12:00
p.m. (Noon), Local Time, three Business Days prior to the requested Borrowing Date in the case of LIBOR Loans; or (b) prior to 10:00 a.m.., Local Time, on the requested Borrowing Date, in the case of ABR Loans or, in each case, such later date and time as the Administrative Agent may agree), specifying (i) the amount and Type of Revolving
Credit Loans to be borrowed, (ii) the requested Borrowing Date and (iii) in the case of any LIBOR Loan and the length of the initial Interest Period therefor. Such notice may be substantially in the form of Exhibit I or in such other form
as the Borrower and the Administrative Agent may agree. Each borrowing under the Revolving Credit Commitments shall be in an amount equal to (x) in the case of ABR Loans, $1,000,000 or a whole multiple thereof (or, if the then aggregate
Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of LIBOR Loans, the equivalent of $1,000,000 or a whole multiple of the equivalent of $1,000,000 in excess thereof. Upon receipt of any
such notice from the Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender thereof. Each Revolving Credit Lender will make the amount of its pro rata share of each borrowing available to the Administrative Agent for
the account of the Borrower at the applicable Funding Office prior to 12:00 p.m. (Noon), Local Time (or in the case of LIBOR Loans, prior to 12:00 p.m. (Noon), Local Time), on the Borrowing Date requested by the Borrower in funds immediately
available to the Administrative Agent. Such borrowing will then be made available to the Borrower by the Administrative Agent crediting the account of the Borrower on the books of such office with the aggregate of the amounts made available to the
Administrative Agent by the Revolving Credit Lenders and in like funds as received by the Administrative Agent. Each Lender, at its option, may make any Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan;
provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with terms of this Agreement. 

SECTION 2.6 [Reserved]. 

SECTION 2.7 [Reserved]. 

  
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 SECTION 2.8 Repayment of Loans. (a) The Borrower hereby unconditionally promises
to pay (i) to the Administrative Agent for the account of the appropriate Revolving Credit Lender on the Revolving Credit Termination Date (or such earlier date on which the Loans become due and payable pursuant to Article VIII), the then
unpaid principal amount of each Revolving Credit Loan of such Revolving Credit Lender made to it and (ii) to the
extent there are any Incremental Term Loans outstanding hereunder, to the Administrative Agent for the account of the appropriate Incremental Term Loan Lender, the unpaid principal amount of each Incremental Term Loan of such Incremental Term Loan Lender made to it in
installments according to the amortization schedule set forth in Section 2.3 (or, in the case of any Incremental Term Loans, the amortization schedule set forth in the applicable Increased Facility Activation Notice) (or such earlier date on which the Loans become due and payable pursuant to Article VIII) (subject to any reductions in
such amount resulting from the application of prepayments made pursuant to Section 2.11 or 2.12). The Borrower hereby further agrees to pay interest on the unpaid principal amount of the Loans from time to time outstanding from the date hereof
until payment in full thereof at the rates per annum and on the dates set forth in Section 2.15. 
 (b) Each
Lender shall maintain in accordance with its usual practice an account or accounts evidencing indebtedness of the Borrower to such Lender resulting from each Loan of such Lender from time to time, including the amounts of principal and interest
payable and paid to such Lender from time to time under this Agreement. 
 (c) The Administrative Agent, on behalf of the
Borrower, shall maintain the Register pursuant to Section 10.6(b)(iv), and a subaccount therein for each Lender, in which shall be recorded (i) the amount of each Loan made hereunder and any Note evidencing such Loan, the Type thereof and
each 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) both the amount of any sum received by the
Administrative Agent hereunder from the Borrower and each Lender’s share thereof. 
 (d) The entries made in the
Register and the accounts of each Lender maintained pursuant to Section 2.8(b) shall, to the extent permitted by applicable law and absent manifest error, be prima facie evidence of the existence and amounts of the obligations of the Borrower
therein recorded; provided, however, that the failure of any Lender or the Administrative Agent to maintain the Register or any such account, or any error therein, shall not in any manner affect the obligation of the Borrower to repay (with
applicable interest) the Loans made to the Borrower by such Lender in accordance with the terms of this Agreement; provided, further, that in the event of any inconsistency between the accounts maintained by the Administrative Agent pursuant to
paragraph (c) of this Section and any Lender’s records, the accounts of the Administrative Agent shall govern. 
 SECTION 2.9
Commitment Fees, etc. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Credit Lender a commitment fee for the period from and including the Closing Date to the date on which such Revolving Credit
Lender’s Revolving Credit Commitments terminate or expire, computed at the Commitment Fee Rate on the average daily amount of the Available Revolving Credit Commitment of such Lender during the period for which payment is made, payable
quarterly in arrears on the fifteenth (15th) day following the last day of each March, June, September and
December and on the date on which the applicable Revolving Credit Commitments terminate or expire, commencing on the first of such dates to occur after the date
hereof; provided that any accrued unpaid commitment fees on or after the date on which the Revolving Credit
Commitments Terminate shall be payable on demand. 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 and the last day of each period but
excluding the date on which the Revolving Commitments terminate). 

  
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 (b) The Borrower agrees to pay to the Administrative Agent the fees in the
amounts and on the dates previously agreed to in writing by the Borrower and the Administrative Agent. 
 SECTION 2.10 Termination or
Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent, to terminate the Revolving Credit Commitments or, from time to time, to reduce the
amount of the Revolving Credit Commitments (it being understood and agreed that any such notice may be conditioned on the occurrence of a transaction and, if such condition is not satisfied on or prior to the date of such termination or reduction,
may be revoked by the Borrower in a written notice to the Administrative Agent); provided that no such termination or reduction of Revolving Credit Commitments shall be permitted if, after giving effect thereto and to any prepayments
of the Revolving Credit Loans made on the effective date thereof, the Total Revolving Extensions of Credit would exceed the Total Revolving Credit Commitments. Any partial reduction shall be in an amount equal to $1,000,000, or a whole multiple of
$1,000,000 in excess thereof, and shall reduce permanently the Revolving Credit Commitments then in effect. 
 SECTION 2.11 Optional
Prepayments. The Borrower may at any time and from time to time prepay the Loans, in whole or in part, without premium or penalty, upon irrevocable (provided that any such notice may be conditioned on the occurrence of a
transaction and, if such condition is not satisfied on or prior to the date of such prepayment, may be revoked by the Borrower in a written notice to the Administrative Agent) notice delivered to the Administrative Agent (a) at least three
Business Days prior thereto, in the case of LIBOR Loans denominated in Dollars, and (b) at least one Business Day prior thereto, in the case of ABR Loans, which notice shall specify the date and amount of prepayment and whether the prepayment
is of LIBOR Loans or ABR Loans; provided, that if a LIBOR Loan is prepaid on any day other than the last day of the Interest Period applicable thereto, the Borrower shall also pay any amounts owing pursuant to Section 2.21. Upon receipt of any
such notice the Administrative Agent shall promptly notify each relevant Lender thereof. If any such notice is given, the amount specified in such notice shall be due and payable on the date specified therein, together with (except in the case of
Revolving Credit Loans that are ABR Loans) accrued interest to such date on the amount prepaid. Partial prepayments of Revolving Credit Loans shall be in an aggregate principal amount of $1,000,000 or a whole multiple of $1,000,000 in excess
thereof. Amounts to be applied in connection with prepayments of Term Loans made pursuant to this Section 2.11 shall be applied to remaining installments of the
Term Loans as directed by the Borrower. 
 SECTION 2.12 Mandatory
Prepayments and Commitment Reductions.(a)    (a) If
any Indebtedness shall be issued or incurred by the Borrower or any of its Restricted Subsidiaries (excluding any Indebtedness issued or incurred in
accordance with Section 7.2 (other than Section 7.2(h))), an amount equal to 100% of the Net Cash Proceeds thereof shall be applied within five Business Days after such receipt thereof toward the prepayment of the Term Loans as set forth in Section 2.12(d).

  
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(b) If on any date the Borrower or any of its
Restricted Subsidiaries shall receive Net Cash Proceeds from any Asset Sale or Recovery Event then, in each case, in excess of $2,500,000 in any single transaction or series of related transactions, unless a Reinvestment Notice shall be delivered in
respect thereof, such Net Cash Proceeds shall be applied within five Business Days after such receipt toward the prepayment of the Term Loans as set forth in Section 2.12(d); provided, that, notwithstanding the foregoing, on each Reinvestment
Prepayment Date, an amount equal to the Reinvestment Prepayment Amount with respect to the relevant Reinvestment Event shall be applied toward the prepayment of the Term Loans as set forth in Section 2.12(d). 

(c) [Reserved].(d) To the extent that at any time the aggregate outstanding principal amount of the Revolving Credit
Loans and Letters of Credit shall exceed the Total Revolving Credit Commitments then in effect, then the Borrower shall, within four Business Days, repay the Revolving Credit Loans to eliminate such excess. 

(e) Amounts to be applied in connection with
prepayments of Term Loans made pursuant to this Section 2.12 shall be applied to remaining installments of the Term Loans as directed by the Borrower, or in the absence of such direction in the inverse order of maturity. Each prepayment of the
Loans pursuant to this Section 2.12 shall be accompanied by accrued interest to the date of such prepayment on the amount prepaid. 

(f) Notwithstanding any other provisions of
this Section 2.12, to the extent that any or all of the Net Cash Proceeds of any Asset Sale by a Foreign Subsidiary, the Net Cash Proceeds of any Recovery Event received by a Foreign Subsidiary attributable to a Foreign Subsidiary that is
required to be applied to prepay Term Loans pursuant to this Section 2.12 (i) would be prohibited or delayed by any applicable local law (including, without limitation, as a result of laws or regulations relating to financial assistance,
corporate benefit, restrictions on upstreaming of cash intragroup and fiduciary and statutory duties of directors of such Foreign Subsidiary) from being repatriated or passed on to or used for the benefit of the Borrower or any applicable Domestic
Subsidiary or conflict with the fiduciary duties of such Foreign Subsidiary’s directors, or result in, or could reasonably be expected to result in, a material risk of personal or criminal liability for any officer, director, employee, manager,
member of management or consultant of such Foreign Subsidiary (including on account of financial assistance, corporate benefit, thin capitalization, capital maintenance or similar considerations) (provided that the Borrower shall take commercially
reasonable actions available under local law to permit such repatriation) or (ii) repatriation of such amount to the Borrower or any Subsidiary would result in material adverse tax consequences as determined in good faith by the Borrower
(including, without limitation, as a result of any withholding of cash or the upstreaming of cash) with respect to such amount, then in each case, the Borrower shall not be required to apply the portion of such Net Cash Proceeds so affected to
prepay the Term Loans at the times provided in clause (b) of this Section 2.12 but may be retained by the applicable Foreign Subsidiary so long as clause (i) or (ii) above is applicable, and once neither clause (i) nor
clause (ii) above is applicable, such repatriation will be promptly effected and such repatriated Net Cash Proceeds will be promptly (and in any event not later than five Business Days after such repatriation) applied (net of additional Taxes payable or reasonably estimated to be payable as a result thereof) to the prepayment
of the Term Loans to the extent required pursuant to this Section 2.12; provided that no such prepayment of the Term Loans pursuant to this Section 2.12 shall be required in the case of any such Net Cash Proceeds the repatriation of which
the Borrower believes in good faith would result in material adverse tax consequences, if on or before the date on which such Net Cash Proceeds so retained would otherwise have been required under this Section 2.12(f) to be applied to
reinvestments or prepayments pursuant to a Reinvestment Notice, the Borrower applies an amount equal to (x) the amount of such Net Cash Proceeds to such reinvestments or prepayments as if such Net Cash Proceeds had been received by the Borrower
or a Domestic Subsidiary rather than such Foreign Subsidiary, minus (y) the amount of additional Taxes that would have been payable or reserved against if such Net Cash Proceeds had been repatriated (or, if less, the Net Cash Proceeds that
would be calculated if received by such Foreign Subsidiary). 

  
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 (g) The
Borrower shall notify the Administrative Agent in writing of any mandatory prepayment of Term Loans required to be made pursuant to this Section 2.12 concurrently with or prior to the date of such prepayment. Each such notice shall specify the
date of such prepayment and provide a reasonably detailed calculation of the amount of such prepayment. The Administrative Agent will promptly notify each Lender holding Term Loans of the contents of such prepayment notice and of such Lender’s
pro rata share of the prepayment. Each Term Loan Lender may reject all (but not less than all) of its pro rata share of any mandatory prepayment other than any such mandatory prepayment made in accordance with Section 2.12(a) (such declined
amounts, the “Declined Proceeds”) of Term Loans
required to be made pursuant to this Section 2.12 by providing written notice (each, a “Rejection Notice”) to the Administrative Agent no later than 5:00 p.m., Local Time two Business Days after the date of such Lender’s receipt of notice from the Administrative
Agent regarding such prepayment. If a Lender fails to deliver a Rejection Notice to the Administrative Agent within the time frame specified above, any such failure will be deemed an acceptance of the total amount of such mandatory prepayment of
Term Loans. Any Declined Proceeds shall be returned to the Borrower (at the Borrower’s expense) to be retained by the Borrower. 

SECTION 2.13 Conversion and Continuation Options.
(a)    (a) (a) The Borrower may elect from time to time to convert LIBOR
Loans denominated in Dollars to ABR Loans by giving the Administrative Agent at least two Business Days’ prior irrevocable notice of such election; provided that any such conversion of LIBOR Loans may only be made on the last day
of an Interest Period with respect thereto. The Borrower may elect from time to time to convert ABR Loans to LIBOR Loans by giving the Administrative Agent at least three Business Days’ prior irrevocable notice of such election (which notice
shall specify the length of the initial Interest Period therefor); provided that no ABR Loan under a particular Facility may be converted into a LIBOR Loan (i) when any Event of Default has occurred and is continuing and the
Administrative Agent has, or the Majority Facility Lenders in respect of such Facility have, determined in its or their sole discretion not to permit such conversions or (ii) after the date that is one month prior to the final scheduled
termination or maturity date of such Facility. Upon receipt of any such notice, the Administrative Agent shall promptly notify each relevant Lender thereof. 

  
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 (b) Any LIBOR Loan may be continued as such upon the expiration of the then
current Interest Period with respect thereto by the Borrower (on its own behalf) giving irrevocable notice to the Administrative Agent, in accordance with the applicable provisions of the term “Interest Period” set forth in
Section 1.1, of the length of the next Interest Period to be applicable to such Loans; provided that no LIBOR Loan under a particular Facility may be continued as such (i) when any Event of Default has occurred and is
continuing and the Administrative Agent has or the Majority Facility Lenders in respect of such Facility have determined in its or their sole discretion not to permit such continuations or (ii) after the date that is one month prior to the
final scheduled termination or maturity date of such Facility; and provided, further, that if the Borrower (on its own behalf) shall fail to give any required notice as described above in this paragraph or if such continuation is not permitted
pursuant to the preceding proviso such Loans shall be automatically continued as LIBOR Loans with an Interest Period of one month. Upon receipt of any such notice, the Administrative Agent shall promptly notify each relevant Lender thereof. 

SECTION 2.14 Limitations on LIBOR Tranches. Notwithstanding anything to the contrary in this Agreement, all borrowings, conversions,
continuations and optional prepayments of LIBOR Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, (a) after giving effect thereto, the aggregate principal
amount of the LIBOR Loans comprising each LIBOR Tranche shall be equal to $5,000,000 or a whole multiple of $1,000,000 in excess thereof and (b) no more than 10 LIBOR Tranches shall be outstanding at any one time. 

SECTION 2.15 Interest Rates and Payment Dates. (a) Each LIBOR Loan shall bear interest for each day during each Interest Period
with respect thereto at a rate per annum equal to the Adjusted LIBOR Rate determined applicable to such LIBOR Loan plus the Applicable Margin. 

(b) Each ABR Loan shall bear interest at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin. 

(c) (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether
at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum which is equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing
provisions of this Section 2.15 plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to Revolving Credit Loans that are ABR Loans plus 2% and (ii) if all or a portion of any interest payable on any Loan or
Reimbursement Obligation or any facility fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate
then applicable to ABR Loans under the relevant Facility plus 2% (in the case of overdue amounts in Dollars), in each case, with respect to clauses (i) and (ii) above, from the date of such nonpayment until such amount is paid in full (as
well after as before judgment). 

  
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 (d) Interest shall be payable in arrears on each Interest Payment Date;
provided that interest accruing pursuant to paragraph (c) of this Section 2.15 shall be payable from time to time on demand. 

SECTION 2.16 Computation of Interest and Fees. (a) Interest, fees and commissions payable pursuant hereto shall be calculated on
the basis of a 360-day year for the actual days elapsed, except that, with respect to ABR Loans for which the rate of interest is calculated on the basis of the Prime Rate, interest shall be calculated on the basis of a 365/366-day year for the
actual number of days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the relevant Lenders of each determination of a Adjusted LIBOR Rate. The Administrative Agent shall as soon as practicable notify the
Borrower and the relevant Lenders of the effective date and the amount of each such change in interest rate. 
 (b) Each
determination of an interest rate by the Administrative Agent pursuant to any provision of this Agreement shall be conclusive and binding on the Borrower and the Lenders in the absence of manifest error. The Administrative Agent shall, at the
request of the Borrower, deliver to the Borrower a statement showing the quotations used by the Administrative Agent in determining any interest rate pursuant to Section 2.15(a) and the calculation of any Statutory Reserves. 

SECTION 2.17 Inability to Determine Interest Rate. If prior to the first day of any Interest Period for any LIBOR Loan in Dollars: 

(a) the Administrative Agent shall have reasonably determined that adequate and reasonable means do not exist for ascertaining
the LIBOR Rate or the Adjusted LIBOR Rate, as applicable, for such LIBOR Loan in such currency for such Interest Period, or 

(b) the Administrative Agent shall have received written notice from the Majority Facility Lenders in respect of a Facility
that the LIBOR Rate or the Adjusted LIBOR Rate, as applicable, determined or to be determined with respect to such LIBOR Loan under such Facility in such currency for such Interest Period will not adequately and fairly reflect the cost to such
Lenders of making or maintaining their respective Loans during such Interest Period; 
 then the Administrative Agent shall give notice thereof (which may
be by telephone confirmed in writing) to the Borrower and the relevant Lenders as soon as practicable thereafter. If such notice is given (w) any LIBOR Loans in Dollars under such Facility requested to be made on the first day of such Interest
Period shall be made as ABR Loans, after consultation with the Borrower and the applicable Lenders, to compensate the applicable Lenders for such Loan in such currency for the applicable period plus the Applicable Margin, (x) any Loans in
Dollars under such Facility that were to have been converted on the first day of such Interest Period to LIBOR Loans shall be continued as ABR Loans and (y) any outstanding LIBOR Loans in Dollars under such Facility shall be converted, on the
last day of the then-current Interest Period, to ABR Loans, after consultation with the Borrower and the applicable Lenders, to compensate the applicable Lenders for such Loan in such currency for the applicable period plus the Applicable Margin.
The Administrative Agent shall withdraw such notice as soon as adequate and reasonable means exist for ascertaining the LIBOR Rate or the Adjusted LIBOR Rate, as applicable. Until such notice has been withdrawn by the Administrative Agent, no
further LIBOR Loans under such Facility shall be made or continued as such, nor shall the Borrower have the right to convert Loans to LIBOR Loans under such Facility. 

  
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 SECTION 2.18 Pro Rata Treatment and Payments. (a) Each borrowing by the Borrower
from the Lenders hereunder, each payment by the Borrower on account of any commitment fee and any reduction of the Commitments of the Lenders shall be made pro rata according to the respective Tranche A Term Loan Percentages, Incremental Term Loan Percentages or Revolving Credit Percentages, as the case
may be, of the relevant Lenders. 
 (b) Each payment (including each prepayment) by the Borrower on account of
principal of and interest on the Incremental Term Loans shall be
made pro rata according to the respective outstanding principal amounts of the Incremental Term Loans then held by the Incremental Term Loan Lenders. The amount of each principal prepayment of the
Incremental Term Loans shall be applied to reduce the then
remaining installments of the Tranche A Term Loans and Incremental Term Loans, as the case may be, pro
rata based upon the respective then remaining principal amounts thereof. Amounts prepaid on account of the
Incremental Term Loans may not be reborrowed. 
 (c) Each payment
(including each prepayment) by the Borrower on account of principal of and interest on any Revolving Credit Loans shall be made pro rata according to the respective outstanding principal amounts of such Revolving Credit Loans then held by the
Revolving Credit Lenders. 
 (d) All payments (including prepayments) to be made by the Borrower hereunder, whether on
account of principal, interest, fees or otherwise, shall be made without setoff or counterclaim and shall be made prior to 12:00 Noon, Local Time, on the due date thereof to the Administrative Agent, for the account of the Lenders, at the applicable
Funding Office, in Dollars and in immediately available funds. The Administrative Agent shall distribute such payments to the Lenders promptly upon receipt in like funds as received. If any payment hereunder (other than payments on the LIBOR Loans)
becomes due and payable on a day other than a Business Day, such payment shall be extended to the next succeeding Business Day. If any payment on a LIBOR Loan becomes due and payable on a day other than a Business Day, the maturity thereof 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. In the case of any
extension of any payment of principal pursuant to the preceding two sentences, interest thereon shall be payable at the then applicable rate during such extension. 

(e) Unless the Administrative Agent shall have been notified in writing by any Lender prior to a borrowing that such Lender
will not make the amount that would constitute its share of such borrowing available to the Administrative Agent, the Administrative Agent may assume that such Lender is making such amount available to the Administrative Agent, and the
Administrative Agent may, in reliance upon such assumption, make available to the Borrower a corresponding amount. If such amount is not made available to the Administrative Agent by the required time on the Borrowing Date therefor, such Lender
shall pay to the Administrative Agent, on demand, such amount with interest thereon at a rate equal to the greater of (i) the Federal Funds Rate and (ii) a rate determined by the Administrative Agent in accordance with banking industry rules on
interbank compensation, for the period until such Lender makes such amount immediately available to the Administrative Agent. A certificate of the Administrative Agent submitted to any Lender with respect to any amounts owing under this
Section 2.18(e) shall be conclusive in the absence of manifest error. If such Lender’s share of such borrowing is not made available to the Administrative Agent by such Lender within three Business Days of such Borrowing Date, the
Administrative Agent shall also be entitled to recover such amount with interest thereon at the rate per annum applicable to ABR Loans under the relevant Facility, on demand, from the Borrower, and, if so recovered, such amount shall no longer be
deemed outstanding hereunder. 

  
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 (f) Unless the Administrative Agent shall have been notified in writing by
the Borrower prior to the date of any payment being made hereunder that the Borrower will not make such payment to the Administrative Agent, the Administrative Agent may assume that the Borrower is making such payment, and the Administrative Agent
may, but shall not be required to, in reliance upon such assumption, make available to the Lenders their respective pro rata shares of a corresponding amount. If such payment is not made to the Administrative Agent by the Borrower within three
Business Days of such required date, the Administrative Agent shall be entitled to recover, on demand, from each Lender to which any amount which was made available pursuant to the preceding sentence, such amount with interest thereon at the rate
per annum equal to the daily average Federal Funds Effective Rate. Nothing herein shall be deemed to limit the rights of the Administrative Agent or any Lender against the Borrower. 

(g) If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.18(e), 2.18(f), 2.20(g),
2.20(h), 3.4(a) or 9.7, 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 for the benefit of the Administrative Agent or the Issuing Lender to satisfy such
Lender’s obligations to it 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 application to, any future funding obligations of
such Lender under any such Section, in the case of each of clauses (i) and (ii) above, in any order as determined by the Administrative Agent in its discretion. 

SECTION 2.19 Requirements of Law. (a) If the adoption of or any change in any Requirement of Law or in the interpretation or
application thereof or compliance by any Lender with any request or directive (whether or not having the force of law) from any central bank or other Governmental Authority made subsequent to the date hereof: 

(i) shall subject any Lender to any Taxes (other than (A) Non-Excluded Taxes in respect of payments under any Loan
Document, (B) Other Taxes, (C) Connection Income Taxes and (D) Taxes in respect of payments under any Loan Document for which a Loan Party is not responsible for the payment of additional amounts under Section 2.20(a)) on its
loans, loan principal, letters of credit, commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; 

  
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 (ii) shall impose, modify or hold applicable any reserve, special deposit,
compulsory loan or similar requirement against assets held by, deposits or other liabilities in or for the account of, advances, loans or other extensions of credit by, or any other acquisition of funds by, any office of such Lender which is not
otherwise included in the determination of the Adjusted LIBOR Rate hereunder; or 
 (iii) shall impose on such Lender any
other condition; 
 and the result of any of the foregoing is to increase the cost to such Lender, by an amount which such Lender deems to be material, of
making, converting into, continuing or maintaining LIBOR Loans (or in the case of (i), any Loans) or issuing or participating in Letters of Credit, or to reduce any amount receivable hereunder in respect thereof, then, in any such case, the Borrower
shall promptly pay (or shall cause the Borrower to pay) such Lender, upon its demand, any additional amounts necessary to compensate such Lender for such increased cost or reduced amount receivable; provided that in the event of the
adoption of or any change in any Requirement of Law or in the interpretation or application thereof or compliance by any Lender with any request or directive (whether or not having the force of law) from any central bank or other Governmental
Authority described in Section 2.19(a)(i), the Borrower shall not be required to compensate a Lender pursuant to this paragraph for any amounts incurred more than six months prior to the date that such Lender notifies the Borrower of such
Lender’s intention to claim compensation therefor, and provided, further, that,
if the circumstances giving rise to such claim have a retroactive effect, then such six-month period shall be extended to include the period of such retroactive effect. If any Lender becomes entitled to claim any additional amounts pursuant to this
Section 2.19, it shall promptly notify the Borrower (with a copy to the Administrative Agent) of the event by reason of which it has become so entitled (and any related calculations). 

(b) If any Lender shall have determined that the adoption of or any change in any Requirement of Law regarding capital adequacy
or liquidity or in the interpretation or application thereof or compliance by such Lender or any corporation controlling such Lender with any request or directive regarding capital adequacy or liquidity (whether or not having the force of law) from
any Governmental Authority made subsequent to the date hereof shall have the effect of reducing the rate of return on such Lender’s or such corporation’s capital as a consequence of its obligations to lend hereunder or under or in respect
of any Letter of Credit to a level below that which such Lender or such corporation could have achieved but for such adoption, change or compliance (taking into consideration such Lender’s or such corporation’s policies with respect to
capital adequacy or liquidity) by an amount deemed by such Lender to be material, then from time to time, after submission by such Lender to the Borrower (with a copy to the Administrative Agent) of a written request therefor, the Borrower shall pay
(or shall cause the Borrower to pay) to such Lender such additional amount or amounts as will compensate such Lender or such corporation for such reduction provided that the Borrower shall not be required to compensate a Lender
pursuant to this paragraph for any amounts incurred more than six months prior to the date that such Lender notifies the Borrower of such Lender’s intention to claim compensation therefor; and provided further that, if the circumstances giving
rise to such claim have a retroactive effect, then such six-month period shall be extended to include the period of such retroactive effect. 

  
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 (c) Notwithstanding anything herein to the contrary, (i) all requests,
rules, guidelines, requirements and directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or by United States or foreign regulatory authorities, in each
case pursuant to Basel III, and (ii) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines, requirements and directives thereunder or issued in connection therewith or in implementation thereof, shall
in each case be deemed to be a change in Requirements of Law, regardless of the date enacted, adopted, issued or implemented. Notwithstanding the foregoing, no Lender shall be entitled to seek compensation for costs imposed pursuant to matters set
forth in this clause (c) (x) unless it is generally seeking compensation for such costs from similarly situated borrowers under yield protection provisions in credit agreements with the Borrowers that provide for such compensation and
(y) in the case of a Change in Law, such Change in Law occurred after the date on which such Person became a Lender hereunder. 

(d) If payment in respect of any Revolving
Extension of Credit shall be due in a currency other than Dollars and/or at a place of payment other than New York and if, by reason of any change in a Requirement of Law subsequent to the Closing 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, then, at the election of any affected Lender, the Borrower shall make payment of such Revolving Extension
of Credit in Dollars and/or in New York, 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. 

(d)
 (e) A certificate as to any additional amounts
payable pursuant to this Section 2.19 submitted by any Lender to the Borrower (with a copy to the Administrative Agent) shall contain reasonable supporting calculations and an explanation in connection therewith and shall be conclusive in the
absence of manifest error. The obligations of the Borrower pursuant to this Section 2.19 shall survive the termination of this Agreement and the payment of the Loans and all other amounts payable hereunder, except to the extent provided for in
Section 2.19(b). 
 SECTION 2.20 Taxes. (a) All payments made by or on behalf of any Loan Party under this Agreement
or any other Loan Document shall be made free and clear of, and without deduction or withholding for or on account of, any Taxes, excluding (i) net income taxes,
branch profits taxes and franchise taxes (imposed in lieu of net income taxes) imposed on a Recipient (x) as a result of such Recipient being organized under the laws of, or having its principal office, or, in the case of any Lender, its
applicable lending office located in the jurisdiction imposing such Tax (or any political subdivision thereof), or (y) that are Other Connection Taxes, (ii) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable
to or for the account of such Lender with respect to an applicable interest in a Loan, Letter of Credit or Commitment pursuant to a law in effect on the date on which (x) such Lender acquires such interest in the Loan, Letter of Credit or
Commitment (other than pursuant to an assignment request by the Borrower under Section 2.24), or (y) such Lender changes its lending office, except in each case to the extent that, pursuant to this Section 2.20, amounts with respect
to such Taxes were payable either to such Lender’s assignor immediately before such Lender acquired the applicable interest in a Loan, Letter of Credit or Commitment or to such Lender immediately before it changed its lending office,
(iii) Taxes attributable to such Administrative Agent or Lender’s failure to comply with Section 2.20(d), and (iv) withholding Taxes imposed under FATCA (all Taxes other than those described in preceding clauses (i) through
(iv), collectively or individually, “Non-Excluded Taxes”); provided that, if any Taxes are required to be deducted or withheld from any amounts payable
to the Administrative Agent or any Lender, as determined in good faith by the applicable withholding agent, (x) such amounts shall be deducted or withheld and shall be paid to the relevant Governmental Authority in accordance with applicable
law, and (y) if such Tax is a
Non-not an Excluded Tax (a “Non-Excluded Tax”), the amounts so payable by the
applicable Loan Party to the Administrative Agent or such Lender shall be increased to the extent necessary so that, after such deduction or withholding has been made (including such deductions and withholdings applicable to additional sums payable
under this Section 2.20), the amounts received with respect to this Agreement equal the sum which would have been received had no such deduction or withholding been made. 

  
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 (b) In addition, and without duplication of other amounts payable by the
Borrower under this Section 2.20, the Borrower shall pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law, or at the option of the Administrative Agent, timely reimburse it for, Other Taxes. 

(c) Whenever any Non-Excluded Taxes or Other Taxes are payable by the Borrower, as soon as reasonably practicable thereafter,
the Borrower shall send to the Administrative Agent, a certified copy of an original official receipt received by the Borrower showing payment thereof or other evidence of such payment reasonably satisfactory to the Administrative Agent. If any
Non-Excluded Taxes or Other Taxes are imposed directly upon the Administrative Agent or any Lender (including Non-Excluded Taxes imposed or asserted on or attributable to amounts payable under this Section), the Borrower shall indemnify the
Administrative Agent and the Lenders for such amounts and any incremental Non-Excluded Taxes that may become payable by the Administrative Agent or any Lender as a result of any such direct imposition within
ten (10) days of written demand therefor specifying in reasonable detail
the nature and amount of such amounts. 
 (d) Each Lender that is a “United States person” as defined in
Section 7701(a)(30) of the Code shall deliver to the Borrower and the Administrative Agent on or before the date on which it becomes a party to this Agreement two properly completed and duly signed copies of U.S. Internal Revenue Service
(“IRS”) Form W-9 (or any successor form) certifying that such Lender is exempt from U.S. federal
backup withholding tax. Each Lender (or Transferee) that is not a “United States person” as defined in Section 7701(a)(30) of the Code (a “Non-U.S. Lender”) shall
deliver to the Borrower and the Administrative Agent (or, in the case of a Participant, to the Lender from which the related participation shall have been purchased) (i) two copies of properly completed and duly executed IRS Form W-8BEN, Form
W-8BEN-E, Form W-8ECI or Form W-8IMY, as applicable, (together with any applicable underlying IRS forms and appropriate attachments), on which such Non-U.S.
Lender (or the direct and indirect beneficial owners of a
Non-U.S. Lender) shall claim any exemption from or reduction of U.S. federal withholding tax for which such Non-U.S. Lender is eligible, (ii) in the case of a Non-U.S. Lender claiming exemption from U.S. federal withholding tax under
Section 871(h) or 881(c) of the Code with respect to payments of “portfolio interest,” a statement substantially in the form of Exhibit F and the applicable IRS Form W-8, or any subsequent versions thereof or successors thereto,
properly completed and duly executed by such Non-U.S. Lender, or (iii) any other form prescribed by the applicable requirements of U.S. federal income tax law as a basis for claiming exemption from or a reduction in U.S. federal withholding tax
duly completed together with such supplementary documentation as may be prescribed by applicable requirements of law to permit the Borrower and the Administrative Agent to determine the withholding or deduction required to be made or to satisfy any
information reporting requirements. Such forms shall be delivered by each Non-U.S. Lender on or before the date it becomes a party to this Agreement (or, in the case of any Participant, on or before the date such Participant purchases the related
participation) and from time to time thereafter upon the request of the Borrower or the Administrative Agent. In addition, each Non-U.S. Lender shall deliver such forms promptly on or before the inaccuracy, obsolescence or invalidity of any form
previously delivered by such Non-U.S. Lender. Each Non-U.S. Lender shall promptly notify the Borrower and the Administrative Agent at any time it determines that it is no longer in a position to provide any previously delivered certificate to the
Borrower (or any other form of certification adopted by the U.S. taxing authorities for such purpose). Notwithstanding any other provision of this Section 2.20, a Non-U.S. Lender, upon prompt written notice to the Borrower and the
Administrative Agent, shall not be required to deliver any form pursuant to this Section 2.20 that such Non-U.S. Lender is not legally able to deliver. Each Lender authorizes the Administrative Agent to deliver to the Loan Parties and to any
successor Administrative Agent any documentation provided by such Lender to the Administrative Agent pursuant to this Section 2.20(d). 

  
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 (e) A Lender that is entitled to an exemption from or reduction of non-U.S. 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 this Agreement 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 reasonable judgment such completion, execution or submission would not
materially prejudice the legal or commercial position of such Lender. 
 (f) If a payment made to a Lender under any Loan Document would be
subject to U.S. federal withholding tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender
shall deliver to the Borrower and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation prescribed by applicable law (including
as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with their
obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (f), “FATCA”
shall include any amendments made to FATCA after the date of this Agreement. 

  
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 (g) Each Lender shall indemnify the Administrative Agent for the full amount of any Taxes
imposed by any Governmental Authority that are attributable to such Lender (but, in the case of Non-Excluded Taxes or Other Taxes for which the Borrower is responsible pursuant to paragraphs (a) and (b) of this Section 2.20, only to
the extent that the Borrower has not already indemnified the Administrative Agent for such Non-Excluded Taxes or Other Taxes and without limiting the obligation of the Borrower to do so) and that are payable or paid by the Administrative Agent,
together with all interest, penalties, reasonable costs and expenses arising therefrom or with respect thereto, as determined by the Administrative Agent in good faith. A certificate as to the amount of such payment or liability delivered to any
Lender by the Administrative Agent shall be conclusive absent manifest error. 
 (h) If any party determines, in its sole discretion
exercised in good faith, that it has received a refund of any Taxes as to which it has been indemnified pursuant to this Section 2.20 (including by the payment of additional amounts pursuant to this Section 2.20), it shall pay to the
indemnifying party an amount equal to such refund (but only to the extent of indemnity payments made under this Section 2.20 with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) of such
indemnified party and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund). Such indemnifying party, upon the request of such indemnified party, shall repay to such indemnified party the
amount paid over pursuant to this Section 2.20(h) (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) in the event that such indemnified party is required to repay such refund to such Governmental
Authority. Notwithstanding anything to the contrary in this Section 2.20(h), in no event will the indemnified party be required to pay any amount to an indemnifying party pursuant to this Section 2.20(h) the payment of which would place
the indemnified party in a less favorable net after-Tax position than the indemnified party would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the
indemnification payments or additional amounts with respect to such Tax had never been paid. This Section 2.20(h) shall not be construed to require any indemnified party to make available its Tax returns (or any other information relating to
its Taxes that it deems confidential) to the indemnifying party or any other Person. 
 (i) Each party’s obligations under this
Section 2.20 shall survive the resignation or replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all
obligations under any Loan Document. 

(j)
 The parties hereto intend that no alteration of any Loan, L/C
Obligation or Commitment or this Agreement pursuant to Section 2.20 shall be treated as a “modification” of this Loan, L/C Obligation or Commitment or this Agreement within the meaning of Treasury Regulations section 1.1001-3,
pursuant to the provisions of Proposed Treasury Regulation section 1.1001-6 (or any successor or final version of such regulation), and the parties hereto shall apply this Section 2.20 consistent with the requirements of Proposed Treasury
Regulations section 1.1001-6 (or any successor or final version of such regulation). 

  
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 SECTION 2.21 Indemnity. The Borrower agrees to indemnify each Lender for, and to hold
each Lender harmless from, any loss or expense (in each case as reasonably determined by such Lender) that such Lender may sustain or incur as a consequence of (a) default by the Borrower in making a borrowing of, conversion into or
continuation of LIBOR Loans after the Borrower has given a notice requesting the same in accordance with the provisions of this Agreement (except as a result of a notice by the Administrative Agent pursuant to Section 2.17), (b) default by the
Borrower in making any prepayment of or conversion from LIBOR Loans after the Borrower has given a notice thereof in accordance with the provisions of this Agreement, (c) the making of a prepayment of LIBOR Loans on a day that is not the last
day of an Interest Period with respect thereto (including as a result of an Event of Default) or (d) the assignment of a LIBOR Loan on a day that is not the last day of an Interest Period with respect thereto as a result of a request by the
Borrower pursuant to Section 2.24. Without limiting the generality of the foregoing, such indemnification shall include the costs and expenses of each Lender that are attributable to the premature unwinding of any Hedging Agreement entered into
by such Lender in respect of the foreign currency exposure attributable to such actual or proposed LIBOR Loan. Such indemnification may include an amount equal to the excess, if any, of (i) the amount of interest that would have accrued on the
amount so prepaid, or not so borrowed, converted or continued, for the period from the date of such prepayment or of such failure to borrow, convert or continue to the last day of such Interest Period (or, in the case of a failure to borrow, convert
or continue, the Interest Period that would have commenced on the date of such failure) in each case at the applicable rate of interest for such Loans provided for herein (excluding, however, the Applicable Margin included therein, if any) over
(ii) the amount of interest (as reasonably determined by such Lender) that would have accrued to such Lender on such amount by placing such amount on deposit for a comparable period with leading banks in the interbank eurocurrency market. A
certificate as to any amounts payable pursuant to this Section 2.21 submitted to the Borrower by any Lender shall be conclusive in the absence of manifest error. This covenant shall survive the termination of this Agreement and the payment of
the Loans and all other amounts payable hereunder. 

SECTION
2.22 Alternate Rate of Interest; Illegality. 

(a)
 Subject to clauses (c), (d), (e), (f), (g) and
(h) of this Section 2.22, if prior to the commencement of any Interest Period for a LIBOR Loan: 

(i)
 the Administrative Agent determines (which determination
shall be conclusive and binding absent manifest error) that adequate and reasonable means do not exist for ascertaining the Adjusted LIBOR Rate or the LIBOR Rate, as applicable (including, without limitation, by means of a LIBOR Interpolated Rate or
because the LIBOR Screen Rate is not available or published on a current basis) for such Interest Period; provided that no Benchmark Transition Event shall have occurred at such time; or

(ii)
 the Administrative Agent is advised by the Required
Lenders that the Adjusted LIBOR Rate or the LIBOR 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; 

  
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then the Administrative Agent
shall give notice thereof to the Borrower and the Lenders through an Approved Electronic Platform as provided in Section 9.2 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, (A) any Interest Election Request that requests the conversion of any Borrowing to, or continuation of any Borrowing as, a LIBOR Loan shall be ineffective and any such LIBOR Loan
shall be repaid or converted into an ABR Borrowing on the last day of the then current Interest Period applicable thereto, and (B) if any Borrowing Request requests a LIBOR Loan, such Borrowing shall be made as an ABR Borrowing. 

(b)
 If any Lender determines that any Requirement of Law has
made it unlawful, or if any Governmental Authority has asserted that it is unlawful, for any Lender or its applicable lending office to make, maintain, fund or continue any LIBOR Loan, or any Governmental Authority has imposed material restrictions
on the authority of such Lender to purchase or sell, or to take deposits of, dollars in the London interbank market, then, on notice thereof by such Lender to the Borrower through the Administrative Agent, any obligations of such Lender to make,
maintain, fund or continue LIBOR Loans or to convert ABR Borrowings to LIBOR Loans will be suspended until such Lender notifies the Administrative Agent and the Borrower that the circumstances giving rise to such determination no longer exist. Upon
receipt of such notice, the Borrower will upon demand from such Lender (with a copy to the Administrative Agent), either prepay or convert all LIBOR Loans of such Lender to ABR Borrowings, either on the last day of the Interest Period therefor, if
such Lender may lawfully continue to maintain such LIBOR Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such Loans. Upon any such prepayment or conversion, the Borrower will also pay accrued interest on the
amount so prepaid or converted. 
 (c) Notwithstanding anything to the contrary herein or in any other Loan Document, (and any Swap shall be deemed not to be a
“Loan Document” for purposes of this Section 2.22), if a Benchmark Transition Event, an Early Opt-in Election or an Other Benchmark Rate Election, as applicable, and its related Benchmark Replacement Date have occurred prior to the
Reference Time in respect of any setting of the then-current Benchmark, then (x) if a Benchmark Replacement is determined in accordance with clause (1) or (2) of the definition of “Benchmark Replacement” for such Benchmark
Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of such Benchmark setting and subsequent Benchmark settings without any amendment to, or further action or
consent of any other party to, this Agreement or any other Loan Document and (y) if a Benchmark Replacement is determined in accordance with clause (3) of the definition of “Benchmark Replacement” for such Benchmark Replacement
Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of any Benchmark setting at or after 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the date
notice of such Benchmark Replacement is provided to the Lenders without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document so long as the Administrative Agent has not received, by such
time, written notice of objection to such Benchmark Replacement from Lenders comprising the Required Lenders. 

  
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(d)
 Notwithstanding anything to the contrary herein or in any other Loan
Document and subject to the proviso below in this paragraph, if a Term SOFR Transition Event and its related Benchmark Replacement Date have occurred prior to the Reference Time in respect of any setting of the then-current Benchmark, then the
applicable Benchmark Replacement will replace the then-current Benchmark for all purposes hereunder or under any Loan Document in respect of such Benchmark setting and subsequent Benchmark settings, without any amendment to, or further action or
consent of any other party to, this Agreement or any other Loan Document; provided that, this clause (d) shall not be effective unless the Administrative Agent has delivered to the Lenders and the Borrower a Term SOFR Notice. The Administrative
Agent shall not be required to deliver a Term SOFR Notice after the occurrence of a Term SOFR Transition Event and may do so in its sole discretion. 

(e)
 In connection with the implementation of a Benchmark Replacement, the
Administrative Agent will have the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Benchmark Replacement
Conforming Changes will become effective upon delivery of a copy of such Benchmark Replacement Conforming Changes to the Borrower and the Lenders without any further action or consent of any other party to this Agreement or any other Loan
Document. 
 (f) The Administrative Agent will promptly notify the Borrower and the Lenders of (i) any occurrence of a Benchmark
Transition Event, an Early Opt-in Election or an Other Benchmark Rate Election, as applicable, (ii) the implementation of any Benchmark Replacement, (iii) the effectiveness of any Benchmark Replacement Conforming Changes, (iv) the
removal or reinstatement of any tenor of a Benchmark pursuant to clause (g) below and (v) the commencement or conclusion of any Benchmark Unavailability Period. Any determination, decision or election that may be made by the Administrative
Agent or, if applicable, any Lender (or group of Lenders) pursuant to this Section 2.22, including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any
decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error and may be made in its or their sole discretion and without consent from any other party to this Agreement or any other Loan
Document, except, in each case, as expressly required pursuant to this Section 2.22. 

(g)
 Notwithstanding anything to the contrary herein or in any other Loan
Document, at any time (including in connection with the implementation of a Benchmark Replacement), (i) if the then-current Benchmark is a term rate (including Term SOFR or LIBOR Rate) and either (A) any tenor for such Benchmark is not
displayed on a screen or other information service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion or (B) the regulatory supervisor for the administrator of such Benchmark has
provided a public statement or publication of information announcing that any tenor for such Benchmark is or will be no longer representative, then the Administrative Agent may modify the definition of “Interest Period” for any Benchmark
settings at or after such time to remove such unavailable or non-representative tenor and (ii) if a tenor that was removed pursuant to clause (i) above either (A) is subsequently displayed on a screen or information service for a
Benchmark (including a Benchmark Replacement) or (B) is not, or is no longer, subject to an announcement that it is or will no longer be representative for a Benchmark (including a Benchmark Replacement), then the Administrative Agent may
modify the definition of “Interest Period” for all Benchmark settings at or after such time to reinstate such previously removed tenor. 

  
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(h)
 Upon the Borrower’s receipt of notice of the
commencement of a Benchmark Unavailability Period, the Borrower may revoke any request for a LIBOR Loan of, conversion to or continuation of LIBOR Loans to be made, converted or continued during any Benchmark Unavailability Period and, failing that,
the Borrower will be deemed to have converted any such request into a request for a Borrowing of or conversion to ABR Loans. During any Benchmark Unavailability Period or at any time that a tenor for the then-current Benchmark is not an Available
Tenor, the component of ABR based upon the then-current Benchmark or such tenor for such Benchmark, as applicable, will not be used in any determination of ABR. 

SECTION
2.23 SECTION 2.22 Illegality; (LIBOR). Notwithstanding any other provision herein, if the adoption
of or any change in any Requirement of Law or in the interpretation or application thereof shall make it unlawful for any Lender to make or maintain LIBOR Loans as contemplated by this Agreement, (a) the commitment of such Lender hereunder to
make LIBOR Loans, continue LIBOR Loans as such and convert ABR Loans to LIBOR Loans shall forthwith be cancelled and (b) each of such Lender’s Loans then outstanding as a LIBOR Loan, if any, shall if denominated in Dollars, be converted
automatically to an ABR Loan on the last day of the then current Interest Period with respect to such Loan or within such earlier period as required by law. If any such conversion or repayment of a LIBOR Loan occurs on a day which is not the last
day of the then current Interest Period with respect thereto, the Borrower shall pay to such Lender such amounts, if any, as may be required pursuant to Section 2.21. 

SECTION
2.24 SECTION 2.23 Mitigation. Each Lender
agrees that, upon the occurrence of any event giving rise to the operation of Section 2.19 or 2.20 with respect to such Lender, it will, if requested by the Borrower, use reasonable efforts (subject to overall policy considerations of such
Lender) to mitigate or reduce the additional amounts payable (or any similar amount that may thereafter accrue), which reasonable efforts may include designating another lending office for any Loans affected by such event with the object of avoiding
the consequences of such event, assigning such Lender’s rights and obligations hereunder to another of its offices, branches or affiliates, or any other measures reasonably requested by the Borrower; provided that such designation
is, assignment or other measures are; provided that such designation is made on terms that, in the sole judgment of such Lender, cause such Lender and its lending office(s) to suffer no economic, legal or regulatory disadvantage, and
provided, further, that nothing in this Section 2.23 shall affect or postpone any of the obligations of the Borrower or the rights of any Lender pursuant to Section 2.19 or 2.20. 

  
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SECTION
2.25 SECTION 2.24 Replacement of Lenders under
Certain Circumstances. The Borrower shall be permitted to replace any Lender which (a) requests payment of or reimbursement for amounts owing pursuant to Section 2.19 or 2.20, (b) becomes a Defaulting Lender or (c) does not
consent to any proposed amendment, supplement, modification, consent or waiver of any provision of this Agreement or any other Loan Document that requires the consent of each of the Lenders or each of the Lenders affected thereby (so long as the
consent of the Required Lenders has been obtained), with a replacement financial institution; provided that (i) such replacement does not conflict with any Requirement of Law, (ii) no Event of Default shall have occurred and
be continuing at the time of such replacement, (iii) prior to any such replacement, such Lender shall have taken no action under Section 2.23 so as to eliminate the continued need for payment of amounts owing pursuant to Section 2.19
or 2.20, (iv) the replacement financial institution shall purchase, at par, all Loans and pay all other amounts owing to such replaced Lender on or prior to the date of replacement, (v) the Borrower shall be liable to such replaced Lender
under Section 2.21 if any LIBOR Loan owing to such replaced Lender shall be purchased other than on the last day of the Interest Period relating thereto, (vi) the replacement financial institution, if not already a Lender, shall be
reasonably satisfactory to the Administrative Agent, (vii) the replaced Lender shall be obligated to make such replacement in accordance with the provisions of Section 10.6 (provided that the Borrower shall be obligated to
pay the registration and processing fee referred to therein), (viii) the Borrower or the replacement financial institution shall pay all amounts (if any) due pursuant to Section 2.19 or 2.20, as the case may be, incurred prior to the date
Borrower exercises its rights under this Section 2.24, and (ix) any such replacement shall not be deemed to be a waiver of any rights which the Borrower, the Administrative Agent or any other Lender shall have against the replaced Lender.
Each party hereto agrees that an assignment required pursuant to this paragraph may be effected pursuant to an Assignment and Assumption executed by the Borrower, the Administrative Agent and the assignee, and that the Lender required to make such
assignment need not be a party thereto in order for such assignment to be effective. 
 SECTION 2.26 SECTION
2.25 [Reserved]. 
 SECTION 2.27 SECTION
2.26 Refinancing Amendments. 
 (a) At any time after
the Closing Date, the Borrower may obtain, from any Lender or any other bank, financial institution or other lender or investor that agrees to provide any portion of Refinancing Term Loans or Refinancing Revolving Credit Commitments pursuant to a
Refinancing Amendment in accordance with this Section 2.26 (each, an “Additional Refinancing Lender”) (provided that solely with respect to Refinancing Revolving Credit Commitments, the Administrative Agent and the
Issuing Lender, if applicable, shall have consented (such consent not to be unreasonably withheld, conditioned or delayed) to such Additional Refinancing Lender’s providing such Refinancing Revolving Credit Commitments to the extent such
consent, if any, would be required under Section 10.6(b) for an assignment of Revolving Credit Commitments to such Additional Refinancing Lender), Credit Agreement Refinancing Indebtedness under this Agreement in respect of all or any portion
of any Class, as selected by the Borrower, of Incremental Term
Loans or Revolving Credit Loans (or unused Commitments in respect thereof) then outstanding under this Agreement, in the form of Refinancing Term Loans Commitments, Refinancing Term Loans, Refinancing Revolving Credit Commitments, or Refinancing
Revolving Credit Loans pursuant to a Refinancing Amendment; provided that, notwithstanding anything to the contrary in this Section 2.26 or otherwise, (1) the borrowing and repayment (except for (A) payments of interest
and fees at different rates on Refinancing Revolving Credit Commitments (and related outstandings), (B) repayments required upon the maturity date of the Refinancing Revolving Credit Commitments and (C) repayment made in connection with a
permanent repayment and termination of commitments (subject to clause (3) below)) of Loans with respect to Refinancing Revolving Credit Commitments after the date of obtaining any Refinancing Revolving Credit Commitments shall be made on a pro
rata basis with all other Revolving Credit Commitments, (2) subject to the provisions of Section 3.10, to the extent dealing with Letters of Credit which mature or expire after a maturity date when there exist Refinancing Revolving Credit
Commitments with a longer maturity date, all Letters of Credit shall be participated on a pro rata basis by all Lenders with Commitments in accordance with their percentage of the Commitments in respect of Revolving Credit Loans (and except as
provided in Section 3.10, without giving effect to changes thereto on an earlier maturity date with respect to Letters of Credit theretofore incurred or issued), (3) the permanent repayment of Revolving Credit Loans with respect to, and
termination of, Refinancing Revolving Credit Commitments after the date of obtaining any Refinancing Revolving Credit Commitments shall be made on a pro rata basis with all other Commitments in respect of Revolving Credit Loans, except that the
Borrower shall be permitted to permanently repay and terminate commitments of any such Class on a better than a pro rata basis as compared to any other Class with a later maturity date than such Class, (4) assignments and participations of
Refinancing Revolving Credit Commitments and Refinancing Revolving Credit Loans shall be governed by the same assignment and participation provisions applicable to Revolving Credit Commitments and Revolving Credit Loans and (5) any Refinancing
Term Loans meet the Permitted Other Debt Conditions. 

  
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 (b) The effectiveness of any Refinancing Amendment shall be subject to the satisfaction on
the date thereof of each of the conditions set forth in Section 5.2 and, to the extent reasonably requested by the Administrative Agent, receipt by the Administrative Agent of (i) customary legal opinions, board resolutions and
officers’ certificates consistent with those delivered on the Closing Date other than changes to such legal opinion resulting from a change in law, change in fact or change to counsel’s form of opinion reasonably satisfactory to the
Administrative Agent and (ii) reaffirmation agreements and/or such amendments to the Security Documents as may be reasonably requested by the Administrative Agent in order to ensure that such Credit Agreement Refinancing Indebtedness is
provided with the benefit of the applicable Loan Documents. 
 (c) Each issuance of Credit Agreement Refinancing Indebtedness under
Section 2.26(a) shall be in an aggregate principal amount that is not less than $30,000,000 (or such lesser amount as may be approved by the Administrative Agent). 

(d) Each of the parties hereto hereby agrees that this Agreement and the other Loan Documents may be amended pursuant to a Refinancing
Amendment, without the consent of any other Lenders, to the extent (but only to the extent) necessary to (i) reflect the existence and terms of the Credit Agreement Refinancing Indebtedness incurred pursuant thereto and (ii) make such
other changes to this Agreement and the other Loan Documents and (iii) effect such other amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the
Borrower, to effect the provisions of this Section 2.26, and the Required Lenders hereby expressly authorize the Administrative Agent to enter into any such Refinancing Amendment. 

  
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 (e) This Section 2.26 shall supersede any provisions in
Section 10.1 to the contrary. 

SECTION
2.28 SECTION 2.27 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 Revolving Credit Commitment of such Defaulting Lender pursuant to
Section 2.9(a); 
 (b) the Revolving Credit Commitment and Revolving Extensions of Credit of such Defaulting Lender
shall not be included in determining whether the Required Lenders have taken or may take any action hereunder (including any consent to any amendment, waiver or other modification pursuant to Section 10.1); provided, that this clause
(b) shall not apply to the vote of a Defaulting Lender in the case of an amendment, waiver or other modification requiring the consent of such Lender or each Lender affected thereby; 

(c) if any L/C Obligations exist at the time such Lender becomes a Defaulting Lender then: 

(i) all or any part L/C Exposure of such Defaulting Lender shall be reallocated among the non-Defaulting Lenders in accordance
with their respective Revolving Credit Percentages but only to the extent the sum of all non-Defaulting Lenders’ Revolving Extensions of Credit plus such Defaulting Lender’s L/C Exposure does not exceed the total of all non-Defaulting
Lenders’ Revolving Credit Commitments; 
 (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 Cash Collateralize for the benefit of the Issuing Lender only the Borrower’s obligations corresponding to such Defaulting
Lender’s L/C Exposure (after giving effect to any partial reallocation pursuant to clause (i) above) in accordance with the procedures set forth in Article VIII for so long as such L/C Exposure is outstanding; 

(iii) if the Borrower Cash Collateralizes any portion of such Defaulting Lender’s L/C Exposure pursuant to clause
(ii) above, the Borrower shall not be required to pay any fees to such Defaulting Lender pursuant to Section 3.3(a) with respect to such Defaulting Lender’s L/C Exposure during the period such Defaulting Lender’s L/C Exposure is
Cash Collateralized; 
 (iv) if the L/C Exposure of the non-Defaulting Lenders is reallocated pursuant to clause
(i) above, then the fees payable to the Lenders pursuant to Section 3.3(a) shall be adjusted in accordance with such non-Defaulting Lenders’ Revolving Credit Percentages; and 

  
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 (v) if all or any portion of such Defaulting Lender’s L/C Exposure is
neither reallocated nor Cash Collateralized pursuant to clause (i) or (ii) above, then, without prejudice to any rights or remedies of the Issuing Lender or any other Lender hereunder, all fees payable under Section 3.3(a) with
respect to such Defaulting Lender’s L/C Exposure shall be payable to the Issuing Lender until and to the extent that such L/C Exposure is reallocated and/or Cash Collateralized; and 

(d) so long as such Lender is a Defaulting Lender, the Issuing Lender shall not be required to issue, amend or increase any
Letter of Credit, unless it is satisfied that the related exposure and the Defaulting Lender’s then outstanding L/C Exposure will be 100% covered by the Revolving Credit Commitments of the non-Defaulting Lenders, and participating interests in
any newly issued or increased Letter of Credit shall be allocated among non-Defaulting Lenders in a manner consistent with Section 2.27(c)(i) (and such Defaulting Lender shall not participate therein). 

In the event that the Administrative Agent, the Borrower and the Issuing Lender each agrees that a Defaulting Lender has adequately remedied
all matters that caused such Lender to be a Defaulting Lender, then L/C Exposure of the Lenders shall be readjusted to reflect the inclusion of such Lender’s Revolving Credit Commitment and on such date such Lender shall purchase at par such of
the Loans of the other Lenders as the Administrative Agent shall determine may be necessary in order for such Lender to hold such Loans in accordance with its Revolving Credit Percentage. 

SECTION
2.29 SECTION 2.28 Incremental Facilities. (a) (a) (a) The Borrower and any one or more Lenders (including New Lenders) may from time to time agree that such
Lenders shall make, obtain or increase the amount of their Incremental Term Loans (an “Incremental Term Loan Facility”) or Revolving Credit Commitments (“Increased Revolving Credit Commitments”; together with any
Incremental Term Loan Facility, the “Incremental Facilities”), as applicable, by executing and delivering to the Administrative Agent an Increased Facility Activation Notice specifying (i) the amount of such increase,
(ii) the applicable Increased Facility Closing Date, (iii) in the case of Incremental Term Loans, (x) the applicable Incremental Term Maturity Date, (y) the amortization schedule for such Incremental Term Loans, and (z) the
Applicable Margin for such Incremental Term Loans; provided that (i) subject to the Borrower’s right to make an LCALCT Election with respect to any Limited Condition AcquisitionTransaction
, in which case, Section 1.3(b) shall apply, no Default or Event of Default exists or would exist after giving effect to such Incremental Facility and the incurrence of any Loans thereunder on the
applicable Increased Facility Closing Date, (ii)(x) the
maturity date and Weighted Average Life to Maturity of any such Incremental Term Loan Facility shall
be no earlier than
(orbut may
be the same as) the maturity dateLatest Term Maturity Date of any Loans or Commitments outstanding as of the time of the issuance thereof, and (y) the Weighted Average Life to Maturity, respectively,
of theany such
Incremental Term Loan Facility shall be no shorter than the Weighted Average Life to Maturity (determined without giving effect to voluntary prepayments that reduce amortization of term loans outstanding as of the time of the issuance thereof) of
the Existing Tranche A Term Loans, (iii) the interest rates and amortization schedule applicable to any Incremental Term Loan Facility shall be determined by the Borrower and the lenders
thereunder, (iv) subject to the Borrower’s right to make an
LCALCT Election with respect to any Limited
Condition
AcquisitionTransaction, in which case,
Section 1.3(b) shall apply, the Borrower shall be in Pro Forma Compliance with the Financial Covenants (such calculation to be made (I) assuming in the case of any Incremental Revolving Credit Commitments, that the full amount thereof is
to be drawn and (II) any proceeds of any Incremental Facility shall be disregarded in any netting calculations in determination of such Financial Covenants) and (v) any Increased Revolving Credit Commitments shall be on terms and pursuant to
documentation applicable to the Revolving Credit Facility (including the maturity date in respect thereof) and any Incremental Term Loan Facility shall be on terms and pursuant to documentation agreed to between the Borrower and the Person providing
such Incremental Term Loan Facility;
provided that, (1) to the extent such
terms are not consistent with, in the case of an Incremental Term Loan Facility, the Tranche A Term Loan Facility (except to the extent permitted by clause (ii) and (iii) above), shall not be materially more restrictive to Borrower and its
Restricted Subsidiaries, when taken as a whole, than those under the Tranche A Term Loan Facility (except if (x) such covenants or other provisions are applicable only to periods after the latest final maturity date of the Tranche A Term Loan
Facility, (y) the existing Lenders under the Tranche A Term Loan Facility receive the benefit of such terms or (z) such terms are reasonably satisfactory to the Administrative Agent or are, in the reasonable judgment of the Borrower,
generally customary for similarly situated borrowers in the current market conditions) and (2) to the extent such documentation is not consistent with the documentation in respect of the Tranche A Term Loan Facility, it shall be reasonably
satisfactory to the Administrative Agent. Notwithstanding the foregoing, (i) without the consent of the Required Lenders, the aggregate amount of Incremental Term Loans and Increased
Revolving Credit Commitments obtained after the Closing Date pursuant to this paragraph shall not exceed the Incremental Facilities Amount and (ii) without the consent of the Administrative Agent, each increase effected pursuant to this
paragraph shall be in a minimum amount of at least $15,000,000 (or such lesser amount of the Incremental Facilities Amount then unused). No Lender shall have any obligation to participate in any increase described in this paragraph unless it agrees
to do so in its sole discretion. 

  
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 (b) Any Lender and any additional bank, financial institution or other
entity that, with the consent of the Borrower and, to the extent such consent would be required for an assignment to such Person pursuant to Section 10.6, the Administrative Agent (which consent shall not be unreasonably withheld, conditioned
or delayed), elects to become a “Lender” under this Agreement in connection with any transaction described in Section 2.28(a) shall execute an Incremental Lender Supplement (each, an “Incremental Lender Supplement”),
substantially in the form of Exhibit H, whereupon such bank, financial institution or other entity (a “New Lender”) shall become a Lender for all purposes and to the same extent as if originally a party hereto and shall be bound by and
entitled to the benefits of this Agreement. 
 (c) Unless otherwise agreed by the Administrative Agent, on each Increased
Facility Closing Date with respect to the Revolving Credit Facility, the Borrower shall borrow Revolving Credit Loans under the relevant increased Revolving Credit Commitments from each Lender participating in the relevant increase in an amount
determined by reference to the amount of each Type of Revolving Credit Loan (and, in the case of LIBOR Loans, of each LIBOR Tranche) which would then have been outstanding from such Lender if (i) each such Type or LIBOR Tranche had been
borrowed or effected on such Increased Facility Closing Date and (ii) the aggregate amount of each such Type or LIBOR Tranche requested to be so borrowed or effected had been proportionately increased; provided that (i) in
lieu of borrowings and repayments of Revolving Credit Loans, the Administrative Agent shall make sure notations on the Register as it reasonably determines are necessary to ensure that the Revolving Credit Loans are held on a pro rata basis after
giving effect to such Increased Facility, and (ii) each Lender (including any New Lender) hereby agrees to waive any amount that would otherwise be payable in connection therewith pursuant to Section 2.21. The LIBOR Rate applicable to any
LIBOR Loan borrowed pursuant to the preceding sentence shall equal the LIBOR Rate then applicable to the LIBOR Loans of the other Revolving Credit Lenders in the same LIBOR Tranche (or, until the expiration of the then-current Interest Period, such
other rate as shall be agreed upon between the Borrower and the relevant Revolving Credit Lender). 

  
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 (d) Notwithstanding anything to the contrary in this Agreement, each of the
parties hereto hereby agrees that, on each Increased Facility Closing Date, this Agreement shall be amended to the extent (but only to the extent) necessary to reflect the existence and terms of the Incremental Term Loans evidenced thereby. Any such
deemed amendment may be effected in writing by the Administrative Agent with the Borrower’s consent (not to be unreasonably withheld) and furnished to the other parties hereto. 

ARTICLE III. 
 LETTERS OF
CREDIT 
 SECTION 3.1 L/C Commitment. (a) Subject to the terms and conditions hereof, the Issuing Lender, in reliance on the
agreements of the other Revolving Credit Lenders set forth in Section 3.4(a), agrees to issue letters of credit (“Letters of Credit”) for the account of the Borrower on any Business Day during the Revolving Credit Commitment Period in
such form as may be approved from time to time by the Issuing Lender; provided that the Issuing Lender shall have no obligation to issue any Letter of Credit if, after giving effect to such issuance, (i) the L/C Obligations would
exceed the L/C Commitment or (ii) the aggregate amount of the Available Revolving Credit Commitments would be less than zero. Each Letter of Credit shall (i) be denominated in Dollars, AUD, Euro, Sterling or any other currency agreed to by
the Administrative Agent and the applicable Issuing Lender and (ii) expire no later than the earlier of (x) the first anniversary of its date of issuance unless consented to by the Issuing Lender and (y) the Letter of Credit Expiration
Date; provided that any Letter of Credit with a one-year term may provide for the renewal thereof for additional one-year periods (which shall in no event extend beyond the date referred to in clause (y) above unless the Borrower agreeagrees to Cash Collateralize or backstop or provide other credit support for such Letter of Credit prior to the Letter of Credit Expiration Date in a manner reasonably acceptable to the applicable Issuing Lender).

 (b) Unless otherwise expressly agreed by the Issuing Lender and the Borrower when a Letter of Credit is issued,
(i) the rules of the ISP shall apply to each standby Letter of Credit, and (ii) the rules of the UCP shall apply to each commercial Letter of Credit. Notwithstanding the foregoing, the Issuing Lender shall not be responsible to the
Borrower for, and the Issuing Lender’s rights and remedies against the Borrower shall not be impaired by, any action or inaction of the Issuing Lender required or permitted under any law, order, or practice that is required or permitted to be
applied to any Letter of Credit or this Agreement, including the applicable law or any order of a jurisdiction where the Issuing Lender or the beneficiary is located, the practice stated in the ISP or UCP, as applicable, or in the decisions,
opinions, practice statements, or official commentary of the International Chamber of Commerce Banking Commission, the Bankers Association for Finance and Trade—International Financial Services Association (BAFT-IFSA), or the Institute of
International Banking Law & Practice, whether or not any Letter of Credit chooses such law or practice. 

  
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 (c) The Issuing Lender shall not at any time be obligated to issue any
Letter of Credit hereunder if such issuance would conflict with, or cause the Issuing Lender or any L/C Participant to exceed any limits imposed by, any applicable Requirement of Law. 

SECTION 3.2 Procedure for Issuance of Letters of Credit. The Borrower (on its own behalf) may from time to time request that the
Issuing Lender issue a Letter of Credit by delivering to the Issuing Lender at its address for notices specified herein an Application therefor, completed to the satisfaction of the Issuing Lender, and such other certificates, documents and other
papers and information as the Issuing Lender may reasonably request. Upon receipt of any Application, the Issuing Lender will process such Application and the certificates, documents and other papers and information delivered to it in connection
therewith in accordance with its customary procedures and shall promptly issue the Letter of Credit requested thereby (but in no event shall the Issuing Lender be required to issue any Letter of Credit earlier than three Business Days after its
receipt of the Application therefor and all such other certificates, documents and other papers and information relating thereto) by issuing the original of such Letter of Credit to the beneficiary thereof or as otherwise may be agreed to by the
Issuing Lender and the Borrower. The Issuing Lender shall furnish a copy of such Letter of Credit to the Borrower promptly following the issuance thereof. The Issuing Lender shall promptly furnish to the Administrative Agent, which shall in turn
promptly furnish to the Lenders, notice of the issuance of each Letter of Credit (including the amount thereof). 
 SECTION 3.3
Commissions, Fees and Other Charges. (a) The Borrower will pay a commission on all undrawn and unpaid Letters of Credit at a per annum rate equal to the Applicable Margin then in effect with respect to LIBOR Loans under the Revolving Credit
Facility, shared ratably among the Revolving Credit Lenders and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. In addition, the Borrower shall pay to the Issuing Lender for its own account a fronting fee of 0.125%
per annum on the undrawn and unexpired amount of each Letter of Credit, payable quarterly in arrears on each L/C Fee Payment Date after the issuance
date. All such accrued and unpaid fees on the date on which the Revolving Credit Commitments terminate and any such
fees accruing after the date on which the Revolving Credit Commitments terminate shall be payable on demand. 

(b) In addition to the foregoing fees and commissions, the Borrower shall pay or reimburse the Issuing Lender for such normal
and customary costs and expenses as are incurred or charged by the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit. 

  
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 SECTION 3.4 L/C Participations. (a) The Issuing Lender irrevocably agrees to
grant and hereby grants to each L/C Participant, and, to induce the Issuing Lender to issue Letters of Credit hereunder, each L/C Participant irrevocably agrees to accept and purchase and hereby accepts and purchases from the Issuing Lender, on the
terms and conditions hereinafter stated, for such L/C Participant’s own account and risk an undivided interest equal to such L/C Participant’s Revolving Credit Percentage in the Issuing Lender’s obligations and rights under each
Letter of Credit issued hereunder and the amount of each draft paid by the Issuing Lender thereunder. Each L/C Participant unconditionally and irrevocably agrees with the Issuing Lender that, if a draft is paid under any Letter of Credit for which
the Issuing Lender is not reimbursed in full by the Borrower in accordance with the terms of this Agreement, such L/C Participant shall pay to the Issuing Lender upon demand at the Issuing Lender’s address for notices specified herein an amount
equal to such L/C Participant’s Revolving Credit Percentage of the amount of such draft, or any part thereof, which is not so reimbursed. If any amount required to be paid by any L/C Participant to the Issuing Lender pursuant to
Section 3.4(a) in respect of any unreimbursed portion of any payment made by the Issuing Lender under any Letter of Credit is paid to the Issuing Lender within three Business Days after the date such payment is due, such L/C Participant shall
pay to the Issuing Lender on demand an amount equal to the product of (i) such amount, times (ii) the daily average Federal Funds Rate during the period from and including the date such payment is required to the date on which such payment
is immediately available to the Issuing Lender, times (iii) a fraction the numerator of which is the number of days that elapse during such period and the denominator of which is 360. If any such amount required to be paid by any L/C
Participant pursuant to Section 3.4(a) is not made available to the Issuing Lender by such L/C Participant within three Business Days after the date such payment is due, the Issuing Lender shall be entitled to recover from such L/C Participant,
on demand, such amount with interest thereon calculated from such due date at the rate per annum applicable to ABR Loans under the Revolving Credit Facility. A certificate of the Issuing Lender submitted to any L/C Participant with respect to any
amounts owing under this Section 3.4 shall be conclusive in the absence of manifest error. 
 (c) Whenever, at any time
after the Issuing Lender has made payment under any Letter of Credit and has received from any L/C Participant its pro rata share of such payment in accordance with Section 3.4(a), the Issuing Lender receives any payment related to such Letter
of Credit (whether directly from the Borrower or otherwise, including proceeds of collateral applied thereto by the Issuing Lender), or any payment of interest on account thereof, the Issuing Lender will distribute to such L/C Participant its pro
rata share thereof; provided that in the event that any such payment received by the Issuing Lender shall be required to be returned by the Issuing Lender, such L/C Participant shall return to the Issuing Lender the portion thereof
previously distributed by the Issuing Lender to it. 
 SECTION 3.5 Reimbursement Obligation of the Borrower. The Borrower agrees to
reimburse the Issuing Lender on each date on which the Issuing Lender provides written notice to the Borrower of the date and amount of a draft presented under any Letter of Credit and paid by the Issuing Lender for the amount of (a) such draft
so paid and (b) any taxes, fees, charges or other costs or expenses incurred by the Issuing Lender in connection with such payment; provided that if the Issuing Lender does not so notify the Borrower as provided for above earlier
than 9:30 a.m., Local Time on the date such draft is paid (or on any subsequent date on which notice is provided) then such reimbursement payment may be made two Business Days immediately subsequent to the date such notice is given. Each such
payment shall be made to the Issuing Lender at its address for notices specified herein or as it may otherwise direct in lawful money of the United States, as the case maybe, and in immediately available funds. Each drawing under any Letter of
Credit shall constitute a request by the Borrower to the Administrative Agent for a borrowing pursuant to Section 2.5 of ABR Loans in the amount of such drawing, subject to the conditions to borrowing set forth in Section 5.2. The
Borrowing Date with respect to such borrowing shall be the date of such drawing. If any amounts under this Article III remain unpaid because the conditions set forth in Section 5.2 cannot be satisfied or for any other reason, such amounts shall
bear interest from the date such amounts become payable (whether at stated maturity, by acceleration or otherwise) until payment in full at the rate set forth in Section 2.15(c). 

  
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 SECTION 3.6 Obligations Absolute. The Borrower’s obligations under this Article
III shall be absolute and unconditional under any and all circumstances and irrespective of any setoff, counterclaim or defense to payment which the Borrower may have or have had against the Issuing Lender, any beneficiary of a Letter of Credit or
any other Person. The Borrower also agrees with the Issuing Lender that the Issuing Lender shall not be responsible for, and the Borrower’s Reimbursement Obligations under Section 3.5 shall not be affected by, among other things, the
validity or genuineness of documents or of any endorsements thereon, even though such documents shall in fact prove to be invalid, fraudulent or forged, or any dispute between or among the Borrower and any beneficiary of any Letter of Credit or any
other party to which such Letter of Credit may be transferred or any claims whatsoever of the Borrower against any beneficiary of such Letter of Credit or any such transferee. The Issuing Lender shall not be liable for any error, omission,
interruption or delay in transmission, dispatch or delivery of any message or advice, however transmitted, in connection with any Letter of Credit, except for errors or omissions found by a court of competent jurisdiction to have resulted from the
gross negligence or willful misconduct of the Issuing Lender. The Borrower agrees that any action taken or omitted by the Issuing Lender under or in connection with any Letter of Credit or the related drafts or documents, if done in the absence of
gross negligence or willful misconduct and in accordance with the standards of care specified in the Uniform Commercial Code of the State of New York, shall be binding on the Borrower and shall not result in any liability of the Issuing Lender to
the Borrower. 
 SECTION 3.7 Letter of Credit Payments. If any draft shall be presented for payment under any Letter of Credit, the
Issuing Lender shall promptly notify the Borrower of the date and amount thereof. The responsibility of the Issuing Lender to the Borrower in connection with any draft presented for payment under any Letter of Credit shall, in addition to any
payment obligation expressly provided for in such Letter of Credit, be limited to determining that the documents (including each draft) delivered under such Letter of Credit in connection with such presentment are in conformity with such Letter of
Credit. 
 SECTION 3.8 Applications. To the extent that any provision of any Application related to any Letter of Credit is
inconsistent with the provisions of this Article III, the provisions of this Article III shall apply. 
 SECTION 3.9 Cash
Collateralization. If on any date the L/C Obligations shall exceed the L/C Commitment, then the Borrower shall within three Business Days after notice thereof from the Administrative Agent deposit in a cash collateral account opened by the
Administrative Agent an amount equal to such excess plus accrued and unpaid interest thereon. 
 SECTION 3.10 Provisions Related to
Refinancing Revolving Credit Commitments. If the Letter of Credit Expiration Date in respect of any tranche of Revolving Credit Commitments occurs prior to the expiry date of any Letter of Credit, then (i) if consented to by the Issuing
Lender which issued such Letter of Credit, if one or more other tranches of Revolving Credit Commitments in respect of which the Letter of Credit Expiration Date shall not have so occurred are then in effect, such Letters of Credit for which consent
has been obtained shall automatically be deemed to have been issued (including for purposes of the obligations of the Revolving Credit Lenders to purchase participations therein and to make Revolving Credit Loans and payments in respect thereof
pursuant to Sections 3.4 and 3.5) under (and ratably participated in by Lenders pursuant to) the Revolving Credit Commitments in respect of such non-terminating tranches up to an aggregate amount not to exceed the aggregate amount of the unutilized
Revolving Credit Commitments thereunder at such time (it being understood that no partial face amount of any Letter of Credit may be so reallocated) and (ii) to the extent not reallocated pursuant to immediately preceding clause (i), the
Borrower (x) shall Cash Collateralize all such Letters of Credit in an amount not less than the Minimum Collateral Amount with respect to such Letters of Credit (it being understood that such Cash Collateral shall be released to the extent that
the aggregate stated amount of such Letters of Credit is reduced upon the expiration or termination of such Letters of Credit, so that the Cash Collateral shall not exceed the Minimum Collateral Amount with respect to such Letters of Credit
outstanding at any particular time) or (y) deliver to the Issuing Lender a standby letter of credit (other than a Letter of Credit) in favor of such Issuing Lender in a stated amount not less than the Minimum Collateral Amount with respect to
such Letters of Credit, which standby letter of credit shall be in form and substance, and issued by a financially sound financial institution, reasonably acceptable to such Issuing Lender and the Administrative Agent. Upon the maturity date of any
tranche of Revolving Credit Commitments, the L/C Commitment may be reduced as agreed between the Issuing Lender and the Borrower, without the consent of any other Person. 

  
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 ARTICLE IV. 

REPRESENTATIONS AND WARRANTIES 

To induce the Administrative Agent and the Lenders to enter into this Agreement and to make the Loans and issue or participate in the Letters
of Credit, the Borrower hereby represents and warrants to the Administrative Agent and each Lender that: 
 SECTION 4.1 Financial
Condition. (a) The audited consolidated balance sheets of the Borrower and its Restricted Subsidiaries as at December 31, 2015, 2016 and 2017, and the related consolidated statements of income, stockholder’s equity and cash flows
for the fiscal years ended December 31, 2015, 2016 and 2017, reported on by and accompanied by reports thereon of PricewaterhouseCoopers LLP, present fairly in all material respects the consolidated financial position of the Borrower and its
Subsidiaries as at such dates, and the consolidated results of operations and consolidated cash flows of the Borrower and its Subsidiaries for the respective fiscal years then ended. The unaudited consolidated balance sheet of the Borrower and its
Subsidiaries as at March 31, 2018, June 30, 2018, and September 30, 2018, and the related consolidated statements of income and of cash flows for the respective fiscal quarters then ended, present fairly in all material respects
the consolidated financial position of the Borrower and its Subsidiaries as at such date, and the consolidated results of its operations and its consolidated cash flows for the respective fiscal quarters then ended. All such financial statements,
including the related schedules and any notes thereto, have been prepared in accordance with GAAP applied consistently throughout the periods involved (except as disclosed therein, and, in the case of the unaudited financial statements, subject to
normal period-end adjustments and the absence of footnotes). 
 (b) The audited consolidated balance sheets of the Target and
its Subsidiaries as at March 31, 2016, 2017 and 2018 and the related consolidated statements of income, stockholder’s equity and cash flows for the fiscal years ended March 31, 2016 reported on by and accompanied by an unqualified
report from PricewaterhouseCoopers LLP and the related consolidated statements of income, stockholder’s equity and cash flows for the fiscal years ended March 31, 2017 and 2018, reported on by and accompanied by an unqualified report from
PricewaterhouseCoopers LLP, to the knowledge of the Borrower, present fairly in all material respects the consolidated financial position of the Target and its Subsidiaries as at such dates, and the consolidated results of its operations and its
consolidated cash flows for the respective fiscal years then ended. The unaudited consolidated balance sheets of the Target and its Subsidiaries as at June 30, 2018 and September 30, 2018 and the related consolidated statements of income,
stockholder’s equity and cash flows for the respective fiscal quarters then ended, present fairly in all material respects the consolidated financial position of the Target and its Subsidiaries as at such date, and the consolidated results of
its operations and its consolidated cash flows for the respective fiscal quarters then ended. All such financial statements, including the related schedules and any notes thereto, have been prepared in accordance with GAAP (except as disclosed
therein, and, in the case of the unaudited financial statements, subject to normal period-end adjustments and the absence of footnotes). 

  
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 SECTION 4.2 No Change. Since the Closing Date, there has been no development or event
which has had or would reasonably be expected to have a Material Adverse Effect. 
 SECTION 4.3 Existence; Compliance with Law. Each
of the Borrower and its Restricted Subsidiaries (a) is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization, (b) has the power and authority, and the legal right, to own and operate
its Property, to lease the Property it operates as lessee and to conduct the business in which it is currently engaged, (c) is duly qualified as a foreign corporation or other organization and in good standing under the laws of each
jurisdiction where its ownership, lease or operation of Property or the conduct of its business requires such qualification and (d) is in compliance with all Requirements of Law except in the case of clauses (a) (other than with respect to
the Borrower and any Subsidiary Guarantor), (b), (c) and (d) to the extent that the failure to so qualify and be in good standing or to so comply would not, in the aggregate, reasonably be expected to have a Material Adverse Effect. 

SECTION 4.4 Power; Authorization; Enforceable Obligations. Each Loan Party has the power and authority, and the legal right, to make,
deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to borrow hereunder. Each Loan Party has taken all necessary organizational action to authorize the execution, delivery and performance of the Loan
Documents to which it is a party and, in the case of the Borrower, to authorize the borrowings on the terms and conditions of this Agreement. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental
Authority or any other Person is required in connection with the borrowings hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the Loan Documents, except (i) consents, authorizations,
filings and notices described in Schedule 4.4 and filings of Uniform Commercial Code filings and filings with respect to Intellectual Property, (ii) such as have been obtained or made and are in full force and effect, and (iii) such
consents, approvals, registrations, filings, or other actions the failure to obtain or make which would not be reasonably expected to have a Material Adverse Effect. Each Loan Document has been duly executed and delivered on behalf of each Loan
Party party thereto. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party party thereto, enforceable against each such Loan Party in accordance with its
terms, except as enforceability may be limited by applicable bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws relating to or affecting the enforcement of creditors’ rights and to general equity principles
(whether enforcement is sought by proceedings in equity or at law). 

  
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 SECTION 4.5 No Legal Bar. The execution, delivery and performance of this Agreement
and the other Loan Documents, the issuance of Letters of Credit, the borrowings hereunder and the use of the proceeds thereof will not violate any Requirement of Law, any Organizational Document or any Contractual Obligation of the Borrower or any
of its Restricted Subsidiaries in any respect, except as would not be reasonably expected to have a Material Adverse Effect and will not result in, or require, the creation or imposition of any Lien on any of their respective properties or revenues
pursuant to any Requirement of Law or any such Contractual Obligation (other than the Liens created by the Security Documents). 
 SECTION
4.6 No Material Litigation. Except as set forth on Schedule 4.6, no litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of the Borrower, threatened in writing by or
against the Borrower or any of its Restricted Subsidiaries or against any of their respective properties or revenues (a) that, as of the Closing Date only, challenges the validity or enforceability any of the Loan Documents or (b) that
would reasonably be expected to have a Material Adverse Effect. 
 SECTION 4.7 No Default. No Default or Event of Default has
occurred and is continuing. 
 SECTION 4.8 Ownership of Property; Liens. Each of the Borrower and its Restricted Subsidiaries has
title in, or a valid leasehold interest in (or sub-leasehold interest in or other right to occupy), all its material real property owned or occupied by it (except insofar as marketability may be limited by any laws or regulations of any Governmental
Authority affecting such assets), and none of such Property is subject to any Lien except as not prohibited by this Agreement. 
 SECTION
4.9 Intellectual Property. Except as set forth on Schedule 4.9, (a) the Borrower and each of its Subsidiaries owns, or is licensed to use or otherwise possesses a legally enforceable right to use, all Intellectual Property that is
reasonably necessary for the conduct of its business as currently conducted, except for those for which the failure to own or possess the
license or right to use would not reasonably be expected to have a
Material Adverse Effect; (b) no material claim has been asserted and is pending by any Person against the Borrower or any of its Subsidiaries challenging the use of any Intellectual Property by the Borrower or any of its Restricted Subsidiaries
or the validity or effectiveness of any Intellectual Property owned by the Borrower or any of its Restricted Subsidiaries; and (c) the operation of the business of the Borrower and each of its Restricted Subsidiaries does not, as currently
conducted infringe, misappropriate or otherwise violate the Intellectual Property rights of any Person, and, to the Borrower’s knowledge, no Person is infringing, misappropriating or otherwise violating the Intellectual Property of the Borrower
or any of its Subsidiaries, in each case, except as would not reasonably be expected to have a Material Adverse Effect. 
 SECTION
4.10 Taxes. Each of the Borrower and each of its Subsidiaries has filed or caused to be filed all U.S. federal, state and other material Tax returns which are required to be filed and has paid all Taxes due and payable to any Governmental
Authority (other than (a) any such Taxes, the amount or validity of which are currently being contested in good faith by appropriate procedures and with respect to which reserves in conformity with GAAP have been provided on the books of the
Borrower or its Subsidiaries, as the case may be or (b) to the extent that the failure to do so would not reasonably be expected to have a Material Adverse Effect); no Tax Lien has been filed, and, to the knowledge of the Borrower, no material
claim is being asserted, with respect to any such Tax, except to the extent that such Lien or claim would not reasonably be expected to have a Material Adverse Effect. 

  
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 SECTION 4.11 Federal Regulations. No part of the proceeds of any Loans, and no other
extensions of credit hereunder, will be used for any purpose which violates the provisions of the regulations of the Board. The Borrower is not principally engaged in the business of extending credit for “buying” or “carrying”
any “margin stock” within the respective meanings of each of the quoted terms under Regulation U for any purpose that violates the provisions of the regulations of the Board. 

SECTION 4.12 Labor Disputes. There are no strikes or other labor disputes against the Borrower or any of its Restricted Subsidiaries
pending or, to the knowledge of the Borrower, threatened in writing that (individually or in the aggregate) would reasonably be expected to have a Material Adverse Effect. 

SECTION 4.13 ERISA. During the five-year period prior to the date on which this representation is made or deemed made with respect to
any Plan, (A) each Plan has complied in all material respects with the applicable provisions of ERISA and the Code and no Single Employer Plan has failed to satisfy the minimum funding standards (within the meaning of Section 412 of the
Code or Section 302 of ERISA) applicable to such Single Employer Plan and (B) except as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, (i) a no Reportable Event with respect to a
Single Employer Plan, whether or not waived has occurred, (ii) no termination of a Single Employer Plan has occurred, and no Lien in favor of the PBGC or a Plan has arisen, (iii) the present value of all accrued benefits under each Single
Employer Plan did not, as of the last annual valuation date prior to the date on which this representation is made or deemed made, exceed the value of the assets of such Plan allocable to such accrued benefits by a material amount (determined in
both cases using the assumptions applicable thereto promulgated under Section 430 of the Code), (iv) neither the Borrower nor any Commonly Controlled Entity has had a complete or partial withdrawal from any Multiemployer Plan which has
resulted or would reasonably be expected to result in a liability under ERISA, (v) neither the Borrower nor any Commonly Controlled Entity would become subject to any liability under ERISA if the Borrower or any such Commonly Controlled Entity
were to withdraw completely from all Multiemployer Plans as of the valuation date most closely preceding the date on which this representation is made or deemed made and (vi) no such Multiemployer Plan is Insolvent. 

SECTION 4.14 Investment Company Act; Other Regulations. No Loan Party is an “investment company”, or a company
“controlled” by an “investment company”, within the meaning of the Investment Company Act of 1940, as amended. 

SECTION 4.15 Subsidiaries. (a) Schedule 4.15 sets forth as of the Closing Date the name and jurisdiction of incorporation of each
Subsidiary and, as to each such Subsidiary, the percentage of each class of Capital Stock owned by any Loan Party. 
 (b)
There are no outstanding subscriptions, options, warrants, calls, rights or other agreements or commitments (other than equity compensation granted to employees, consultants, officers or directors and directors’ qualifying shares) of any nature
relating to the issuance of any Capital Stock of the Borrower or any Subsidiary, except not prohibited by the Loan Documents. 

  
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 SECTION 4.16 Use of Proceeds. The proceeds of the Tranche A Term Loans shall be used to finance in part the Transactions. The proceeds of the Revolving Credit
Loans
maydeemed made on the First Amendment Effective Date shall be used to finance in
partrefinance the Transactions andExisting
Tranche A Term Loans on a dollar-for-dollar basis. Proceeds of Revolving Credit Loans may also be used for the general corporate purposes of the Borrower and its Restricted Subsidiaries, including
for the financing of Permitted Acquisitions and other Investments not prohibited hereunder. The proceeds of any Incremental Term Loans and Letters of Credit shall be used for the general corporate purposes of the Borrower and its Restricted
Subsidiaries, including for the financing of Permitted Acquisitions and other Investments not prohibited hereunder, and, in the case of Incremental Term Loans, as otherwise set forth in the applicable Increased Facility Activation Notice.

 SECTION 4.17 Environmental Matters. Except as individually or in the aggregate would not reasonably be expected to result
in a Material Adverse Effect: 
 (a) the facilities and properties owned, leased or operated by the Borrower or any of its
Subsidiaries (the “Properties”) do not contain, and have not previously contained, any Materials of Environmental Concern in amounts or concentrations or under circumstances which (i) constitute or constituted a violation of, or
(ii) would reasonably be expected to have given rise to a release or a threat of release, as regulated or defined, under any Environmental Law; 

(b) the Properties and all operations at the Properties are in material compliance, and have in the last five years been in
material compliance, with all applicable Environmental Laws, and there is no contamination at, under or about the Properties or violation of any Environmental Law with respect to the Properties or the business operated by the Borrower or any of its
Subsidiaries (the “Business”). Neither the Borrower nor any of its Subsidiaries has contractually assumed any liability of any other Person under Environmental Laws other than in the ordinary course of business; 

(c) neither the Borrower nor any of its Subsidiaries has received or is aware of any notice of violation, alleged violation,
non-compliance, liability or potential liability, judicial proceeding or governmental or administrative action or consent decrees or other decrees, consent orders, administrative orders or other orders, regarding environmental matters or compliance
with Environmental Laws with regard to any of the Properties or the Business, nor does the Borrower have knowledge or reason to believe that any such notice will be received or is being threatened; 

(d) materials of Environmental Concern have not been transported or disposed of from the Properties in violation of, or in a
manner or to a location which would reasonably be expected to give rise to liability under, any Environmental Law, nor have any Materials of Environmental Concern been generated, treated, stored or disposed of at, on or under any of the Properties
in violation of, or in a manner that would reasonably be expected to give rise to liability under, any applicable Environmental Law; and 

  
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 (e) there has been no release or threat of release of Materials of
Environmental Concern at or from the properties previously owned or operated by the Borrower or any Subsidiary (the “Former Properties”) during such period of ownership or operation, or arising from or related to the operations of the
Borrower or any Subsidiary in connection with the Former Properties or otherwise in connection with the Business, in violation of or in amounts or in a manner that would reasonably be expected to give rise to liability under Environmental Laws. 

SECTION 4.18 Accuracy of Information, etc. No written statement or written information (other than any projections, other
forward-looking information, information of a general economic or industry specified nature or reports prepared by third party consultants) contained in this Agreement, any other Loan Document, the Confidential Information Memorandum or any other
document, certificate or statement furnished to the Administrative Agent or the Lenders or any of them, by or on behalf of any Loan Party for use in connection with the transactions contemplated by this Agreement or the other Loan Documents, taken
as a whole, contained as of the date such statement, information, document or certificate was so furnished (or, in the case of the Confidential Information Memorandum, as of the Closing Date), any untrue statement of a material fact or omitted to
state a material fact necessary in order to make the statements contained herein or therein not misleading in light of the circumstances in which such information was provided. The projections and pro forma financial information contained in the
materials referenced above are based upon good faith estimates and assumptions believed by management of the Borrower to be reasonable at the time made, it being recognized by the Lenders that such financial information as it relates to future
events is not to be viewed as fact and that actual results during the period or periods covered by such financial information may differ from the projected results set forth therein by a material amount. 

SECTION 4.19 Security Documents. Subject to the terms of the last paragraph of Section 5.01, the Guarantee and Collateral Agreement is
effective to create in favor of the Administrative Agent, for the benefit of the Lenders, a legal, valid and enforceable security interest in the Collateral described therein to the extent set forth therein. In the case of the Pledged Stock
described in the Guarantee and Collateral Agreement, when stock certificates representing such Pledged Stock are delivered to the Administrative Agent (together with a properly completed and signed stock power or endorsement), and in the case of the
other Collateral described in the Guarantee and Collateral Agreement, when financing statements in appropriate form are filed in the offices specified on Schedule
4.19 (and, in respect of U.S. applications and registrations of Intellectual Property, when appropriate filings are
made and recorded with the United States Patent and Trademark Office and the United States Copyright Office, as applicable), the Guarantee and Collateral Agreement shall constitute a fully
perfected Lien on, and security interest in, all right, title and interest of the Loan Parties in such Collateral and the proceeds thereof, as security for the Obligations (as defined in the Guarantee and Collateral Agreement), in each case prior
and superior in right to any other Person (except Liens permitted by Section 7.3) (to the extent such Liens are required to be perfected under the terms of the Loan Documents); provided that, notwithstanding anything to the
contrary in any of the Loan Documents, the Loan Parties shall not have any obligation to perfect any security interest or lien, or record any notice thereof, in any Intellectual Property included in the Collateral in any jurisdiction other than the
United States. 

  
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 SECTION 4.20 Solvency. The Borrower and its Subsidiaries on a consolidated basis are
Solvent as of the Closing Date. 
 SECTION 4.21 Anti-Corruption Laws and Sanctions. The Borrower has implemented and maintains in
effect policies and procedures reasonably designed to promote compliance by the Borrower, its Subsidiaries and their respective directors, officers, employees and agents (when acting for the Borrower or any of its Subsidiaries) with Anti-Corruption
Laws and applicable Sanctions. The Borrower, its Subsidiaries and their respective directors and, to the knowledge of the Borrower and its Subsidiaries, their respective officers, employees and agents are in compliance with Anti-Corruption Laws and
applicable Sanctions in all material respects and are not knowingly engaged in any activity that would reasonably be expected to result in the Borrower being designated as a Sanctioned Person. None of (a) the Borrower, any Subsidiary or, to the
knowledge of the Borrower or such Subsidiary, any of their respective directors, officers or employees, or (b) to the knowledge of the Borrower, any agent of the Borrower or any Subsidiary that will act in any capacity in connection with or
benefit from the credit facility established hereby is a Sanctioned Person. Neither the Borrower nor any of its Subsidiaries will use the proceeds of any Loan or Letter of Credit (A) in furtherance of an offer, payment, promise to pay, or
authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any
Sanctioned Person, or in any Sanctioned Country, in each case, in violation of applicable Sanctions or (C) in any manner that would result in the violation of any Sanctions applicable to any party hereto. 

SECTION 4.22 EEA Financial Institutions. No Loan Party is an EEA Financial Institution. 

ARTICLE V. 
 CONDITIONS
PRECEDENT 
 SECTION 5.1 Conditions to the Effectiveness of this Agreement. The agreement of each Lender to make the extensions
of credit requested to be made by it is subject to the satisfaction, prior to or concurrently with the making of such extension of credit on the Closing Date, of, subject to Section 6.11, the following conditions precedent: 

(a) Credit Agreement. The Administrative Agent shall have received this Agreement executed and delivered by the Administrative
Agent, the Borrower and each Lender party hereto on the Closing Date. 
 (b) Acquisition. Substantially concurrently with the
occurrence of the Closing Date and the making by each Lender of its initial extension of credit hereunder, the Acquisition shall have been consummated in all material respects in accordance with the terms of the Acquisition Agreement. 

(c) Historical Financial Statements. The Lenders and the Administrative Agent shall have received the Historical Financial
Statements. 
 (d) Fees. The Lenders, the Administrative Agent and the Arrangers shall have received (to the extent invoiced
at least three Business Days prior to the Closing Date) all fees and reasonable and documented expenses required to be paid on or before the Closing Date (including the reasonable and documented fees and expenses of one legal counsel) on or before
the Closing Date. 

  
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 (e) Security Documents. The Administrative Agent shall have received the
Guarantee and Collateral Agreement, executed and delivered by an authorized officer of the Borrower and each other Loan Party that is party to the Guarantee and Collateral Agreement. 

(f) Lien Searches. The Administrative Agent shall have received the results of a recent lien search in each of the
jurisdictions where assets of the Borrower and its Restricted Subsidiaries are located, and such search shall reveal no liens on any of the assets of the Borrower or any Restricted Subsidiary except for liens not prohibited by this Agreement or
Liens discharged on or prior to the Closing Date or with respect to which are to be discharged pursuant to documentation reasonably satisfactory to the Administrative Agent. 

(g) Closing Certificate. The Administrative Agent shall have received (i) a certificate of each Loan Party party hereto on
the date hereof, dated the Closing Date, substantially in the form of Exhibit C-1, with appropriate insertions and attachments, (ii) a long form good standing certificate for each Loan Party from its jurisdiction of organization, incorporation
or other organization, as applicable, and (iii) a certificate from a Responsible Officer of the Borrower, substantially in the form of Exhibit C-2. 

(h) Solvency Certificate. The Administrative Agent shall have received a solvency certificate, dated as of the Closing Date and
after giving effect to the Transactions, from an authorized officer of the Borrower, substantially in the form of Exhibit D. 

(i) Legal Opinions. The Administrative Agent shall have received the legal opinion of Skadden, Arps, Slate, Meagher &
Flom, LLP, counsel to the Borrower and its Restricted Subsidiaries, in substance reasonably acceptable to the Administrative Agent. 

(j) Specified Acquisition Agreement Representations. Each of the Specified Acquisition Agreement Representations shall be true
and correct in all material respects (or in all respects if qualified by materiality) on and as of the Closing Date, except to the extent any such Specified Acquisition Agreement Representation expressly relates to an earlier date, in which case,
each such Specified Acquisition Agreement Representation shall have been true and correct in all material respects (or in all respects if qualified by materiality) as of the applicable earlier date. 

(k) Specified Representations. Each of the Specified Representations made by any Loan Party in or pursuant to the Loan
Documents shall be true and correct in all material respects (or in all respects if qualified by materiality) on and as of the Closing Date as if made on and as of such date, except to the extent any such Specified Representation expressly relates
to an earlier date, in which case, each such Specified Representation shall have been true and correct in all material respects (or in all respects if qualified by materiality) as of the applicable earlier date. 

  
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 (l) Pledged Stock; Stock Powers; Pledged Notes. The Administrative Agent
shall have received the certificates representing the shares of Capital Stock pledged pursuant to the Guarantee and Collateral Agreement, together with an undated stock power for each such certificate executed in blank by a duly authorized officer
of the pledgor thereof; provided that any such certificates representing shares Capital Stock of Foreign Subsidiaries or Subsidiaries of the Target required to be pledged on the Closing Date, and the related stock power, shall not be a
condition to the agreement of each Lender to make the initial extension of credit requested to be made by it (but shall be required to be satisfied within 60 days of the Closing Date (or such later date as the Administrative Agent may agree in its
reasonable discretion). 
 (m) Filings, Registrations and Recordings. Each document (including any Uniform Commercial Code
financing statement) required by the Security Documents or under law or reasonably requested by the Administrative Agent to be filed, registered or recorded in order to create in favor of the Administrative Agent, for the benefit of the Lenders, a
perfected (to the extent perfection is required under the Loan Documents) Lien on the Collateral described therein, prior and superior in right to any other Person (other than with respect to Liens not prohibited hereunder), shall be filed or be in proper form for filing, registration
or recordation; provided that if, notwithstanding the use by the Loan Parties of commercially reasonable efforts (without undue delay, burden or expense) to satisfy the requirement set forth in this Section 5.1(m), such
requirement is not satisfied as of the Closing Date, the satisfaction of such requirement (other than with respect to the filing of any Uniform Commercial Code financing statement) shall not be a condition to the agreement of each Lender to make the
initial extension of credit requested to be made by it (but shall be required to be satisfied within 60 days of the Closing Date (or such later date as the Administrative Agent may agree in its reasonable discretion)). 

(n) PATRIOT Act, FinCen. (i) The Administrative Agent shall have received, at least three days prior to the Closing Date,
all such documentation and other information about the Borrower and the Guarantors as shall have been reasonably requested by the Administrative Agent at least ten Business Days prior to the Closing Date that is required by U.S. regulatory
authorities under applicable “know your customer” and anti-money laundering rules and regulations, including, without limitation, the Patriot Act and (ii) to the extent the Borrower qualifies as a “legal entity customer”
under the Beneficial Ownership Regulation, at least three days prior to the Closing Date, if any Lender has requested the same in a written notice to the Borrower at least ten Business Days prior to the Closing Date, a Beneficial Ownership
Certification in relation to the Borrower shall have received such Beneficial Ownership Certification. 
 (o) Target Material
Adverse Effect. Since the Acquisition Signing Date, there shall not have occurred or be continuing a Target Material Adverse Effect. 
 For
the purpose of determining whether the conditions specified in this Section 5.1 have been satisfied on the Closing Date, each Lender that has signed this Agreement (or an Assignment and Assumption on the Closing Date) shall be deemed to have
consented to, approved and/or accepted, and to be satisfied with, each document or other matter required under this Section 5.1 unless the Administrative Agent and the Borrower shall have received written notice from such Lender prior to the
proposed Closing Date specifying its objection thereto. 

  
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 Notwithstanding the foregoing, to the extent any Lien search or Collateral (including the
creation or perfection of any security interest) is not or cannot be provided on the Closing Date (other than, (i) a Lien on Collateral of any Loan Party that may be perfected solely by the filing of a financing statement under the UCC and
(ii) a pledge of the Capital Stock of the Borrower and the Subsidiary Guarantors to the extent certificated with respect to which a Lien may be perfected on the Closing Date by the delivery of a stock or equivalent certificate, together with a
related stock or equivalent power executed in blank) after the Borrower’s use of commercially reasonable efforts to do so without undue burden or expense (and with respect to the delivery of stock or equivalent certificates of subsidiaries of
the Target, only to the extent received after the Borrower’s use of commercially reasonable efforts to do so), then the provision of any such Lien search and/or the provision and/or perfection of such Collateral shall not constitute a condition
precedent to the availability and initial funding of the Loans on the Closing Date but may, if required, instead be delivered and/or perfected 60 days after the Closing Date pursuant to arrangements to be mutually agreed between the Borrower and the
Administrative Agent and subject to extensions as are agreed to by the Administrative Agent. 
 SECTION 5.2 Conditions to Each Extension
of Credit. The agreement of each Lender to make any extension of credit (which shall not include any conversion or continuation of Loans) requested to be made by it on any date ((i) other than its initial extension of credit on the Closing Date
and (ii) subject to the Borrower’s right to make an
LCALCT Election with respect to any incurrence of
an Incremental Facility in connection with a Limited Condition AcquisitionTransaction, in which case, Section 1.3(b) shall apply) is subject
to the satisfaction of the following conditions precedent: 
 (a) Representations and Warranties. Each of the
representations and warranties made by any Loan Party in or pursuant to the Loan Documents shall be true and correct in all material respects (or in all respects if qualified by materiality) on and as of such date as if made on and as of such date,
except for representations and warranties expressly stated to relate to a specific earlier date, in which case such representations and warranties were true and correct in all material respects (or in all respects if qualified by materiality) as of
such earlier date. 
 (b) No Default. No Default or Event of Default shall have occurred and be continuing on such date or
after giving effect to the extensions of credit requested to be made on such date. 
 Each borrowing by and issuance of a Letter of Credit on behalf of the
Borrower hereunder (other than the initial extensions of credit on the Closing Date) shall constitute a representation and warranty by the Borrower as of the date of such extension of credit that the conditions contained in this Section 5.2
have been satisfied. 
 ARTICLE VI. 

AFFIRMATIVE COVENANTS 
 The
Borrower hereby agrees that, so long as the Commitments remain in effect, any Letter of Credit remains outstanding or any Loan or other amount is owing to any Lender or the Administrative Agent hereunder, the Borrower shall and shall cause each of
its Subsidiaries to: 

  
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 SECTION 6.1 Financial Statements. Furnish to the Administrative Agent and each
Lender: 
 (a) as soon as available, but in any event within 90 days after the end of each fiscal year of the Borrower and
its Restricted Subsidiaries, a copy of the audited consolidated balance sheet of the Borrower and its Restricted Subsidiaries as at the end of such year and the related audited consolidated statements of income, stockholder’s equity and cash
flows for such year, setting forth in each case in comparative form the figures for the previous year, reported on without a “going concern” or like qualification or exception, or qualification arising out of the scope of the audit (other
than, in each case, any qualification or exception solely with respect to, or resulting from the impending maturity of any Indebtedness or non-compliance with the
covenant set forth in Section 7.1 of this AgreementFinancial Covenants), by PricewaterhouseCoopers LLP or other independent certified public accountants of nationally recognized standing; and 

(b) as soon as available, but in any event not later than 45 days after the end of each of the first three quarterly periods of
each fiscal year of the Borrower and its Restricted Subsidiaries, the unaudited consolidated balance sheet of the Borrower and its Restricted Subsidiaries as at the end of such quarter and the related unaudited consolidated statements of income and
cash flows for such quarter and the portion of the fiscal year through the end of such quarter, setting forth in each case in comparative form the figures for the corresponding fiscal quarter of the previous year, certified by a Responsible Officer
as being fairly stated in all material respects (subject to normal year-end audit adjustments and the absence of footnotes); 
 all such financial
statements shall be complete and correct in all material respects and shall be prepared in reasonable detail and in accordance with GAAP applied consistently throughout the periods reflected therein and with prior periods (except as approved by such
accountants or officer, as the case may be, and disclosed therein, and provided that the financial statements referred to in Section 6.1(b) need not contain footnotes). 

The covenants required to be
satisfied under this Section 6.1 shall be deemed satisfied if such information, or one or more annual or quarterly reports containing such information, shall have been posted by the Administrative Agent on an IntraLinks or a similar site to
which the Lenders have been granted access or if the Borrower notifies the Administrative Agent in writing (which may be in electronic form) that it has provided such information and/or reports on “EDGAR”, the Electronic Data Gathering
Analysis and Retrieval system of the SEC, or http://www.sec.gov/edgarhp.htm (or any successor or replacement website). 

SECTION 6.2 Certificates; Other Information. Furnish to the Administrative Agent for distribution to the relevant Lenders: 

(a) promptly following any written request therefor, any information and documentation reasonably requested by the
Administrative Agent or any Lender (which request shall be made through the Administrative Agent) for purposes of compliance with applicable “know your customer” requirements under the PATRIOT Act, the Beneficial Ownership Regulation (if
applicable) or other applicable anti-money laundering laws; 

  
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 (b) concurrently with the delivery of any financial statements pursuant to
Section 6.1, (i) a certificate of a Responsible Officer stating that such Responsible Officer has obtained no knowledge of any Default or Event of Default except as specified in such certificate and (ii) in the case of quarterly or
annual financial statements, (x) a Compliance Certificate, (y) to the extent not previously disclosed to the Administrative Agent, a listing of any applications or registrations of Intellectual Property (including any exclusive licenses of
same) that were acquired by any Loan Party since the date of the most recent list delivered pursuant to this clause (y) (or, in the case of the first such list so delivered, since the Closing Date) and (z) any change of jurisdiction of
organization of any Loan Party; 
 (c) as soon as available, and in any event no later than the date on which financial
statements pursuant to Section 6.1(a) are required to be delivered, a consolidated budget for the following fiscal year (including a projected consolidated balance sheet of the Borrower and its Restricted Subsidiaries as of the end of the
following fiscal year, and the related projected income statement); 
 (d) within 45 days (and 90 days in the case of the end
of a fiscal year) after the end of each of the first three fiscal quarters of each fiscal year of the Borrower and its Restricted Subsidiaries, either (i) a Form 10-Q or 10-K for the Borrower and its Restricted Subsidiaries for such fiscal
quarter, which contains a narrative discussion and analysis of the financial condition and results of operations of the Borrower and its Restricted Subsidiaries for such fiscal quarter and for the period beginning of the then current fiscal year to
the end of such fiscal quarter, or (ii) such narrative discussion and analysis; 
 (e) within five days after the same
are sent, copies of all financial statements and reports which the Borrower sends to the holders of any class of its debt securities or public equity securities; and 

(f) promptly, such additional financial and other information as any Lender may from time to time reasonably request through
the Administrative Agent; provided, however, that neither the Borrower nor any Restricted Subsidiary shall be required to disclose or provide any information (i) that constitutes non-financial trade secrets or non-financial proprietary
information of the Borrower or any of its Subsidiaries or any of their respective customers and/or suppliers, (ii) in respect of which disclosure to the Administrative Agent or any Lender (or any of their respective representatives) is
prohibited by any applicable Requirement of Law, (iii) that is subject to attorney-client or similar privilege or constitutes attorney work product or (iv) in respect of which he Borrower or any Subsidiary owes confidentiality obligations
to any third party (such confidentiality obligations were not entered into solely in contemplation of the requirements of this Section 6.2(e)). 
 The
covenants required to be satisfied under
clausesclause (ac) through
(e)of this Section 6.2 mayshall be deemed satisfied
if the Borrower provides written
noticesuch information, or one or more annual or quarterly reports containing such information, shall
have been posted by the Administrative Agent on an IntraLinks or a similar site to which the Lenders have been granted access or if the Borrower notifies the Administrative Agent in writing (which
may be in electronic form) that it has provided such information and/or reports on “EDGAR”, the
Electronic Data Gathering Analysis and Retrieval system of the makingSEC, or filing ofhttp://www.sec.gov/edgarhp.htm (or any such financial statements or reports and the same is continuously available on “EDGAR”, the Electronic Data Gathering Analysis and Retrieval system of the SEC, or
“http://www.sec.gov/edgarhp.htm”
successor or replacement website). 

  
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 SECTION 6.3 Payment of Obligations. (a) (a) Pay, discharge or otherwise satisfy at or before maturity or before they become delinquent, as the case may be, all its material obligations of whatever
nature, except where the amount or validity thereof is currently being contested in good faith by appropriate procedures or reserves in conformity with GAAP with respect thereto have been provided on the books of the Borrower or its Subsidiaries, as
the case may be, except to the extent such failure would not, in the aggregate, reasonably be expected to have a Material Adverse Effect.(b)
Taxes. Each of the Loan Parties will pay and
discharge or otherwise satisfy at or before maturity or before they become delinquent, as the case may be, all material Taxes imposed upon the Collateral or in respect of income or profits therefrom, as well as all claims of any kind (including
claims for labor, materials and supplies) against or with respect to the Collateral, except that no such charge need be paid if the amount or validity thereof is currently being contested in good faith by appropriate procedures or reserves in
conformity with GAAP with respect thereto have been provided on the books of such Loan Party and such proceedings could not reasonably be expected to result in the sale, forfeiture or loss of any material portion of the Collateral or any interest
therein. 
 SECTION 6.4 Conduct of Business and Maintenance of Existence, etc. (a) (a) (i) Preserve, renew and keep in full force and effect its organizational existence and
(ii) take all reasonable action to maintain all rights, privileges and franchises necessary or desirable in the normal conduct of its business, except, in each case, as otherwise not prohibited by this Agreement and except, in the case of
clauses (i) (other than with respect to the Borrower) and (ii) above, to the extent that failure to do so would not reasonably be expected to have a Material Adverse Effect; (b) comply with all Contractual Obligations and Requirements
of Law except to the extent that failure to comply therewith would not, in the aggregate, reasonably be expected to have a Material Adverse Effect; and (c) maintain in effect and enforce policies and procedures reasonably designed to promote
compliance by the Borrower, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions. 

SECTION 6.5 Maintenance of Property; Insurance. (a) Keep all tangible Property useful and necessary in its business in good
working order and condition, ordinary wear and tear, casualty and condemnation excepted; and (b) maintain with insurance companies that the Borrower believes (in the good faith judgment of the management of the Borrower) are financially sound
and responsible at the time the relevant coverage is placed or renewed, insurance in at least such amounts and against at least such risks (and with such risk retentions) as the Borrower believes (in the good faith judgment of management of the
Borrower) is reasonable and prudent in light of the size and nature of its business and the availability of insurance on a cost-effective basis (all such insurance shall, to the extent available on commercially reasonable terms without undue burden
or expense, (A) provide that no cancellation, material reduction in amount or material change in coverage thereof shall be effective until at least 30 days after receipt by the Administrative Agent of written notice thereof, (B) name the
Administrative Agent, on behalf of the Lenders, as loss payee, and (C) be reasonably satisfactory in all other respects to the Administrative Agent);. 

  
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 SECTION 6.6 Inspection of Property; Books and Records; Discussions. (a) Keep
proper books of records and account in which full, true and correct entries in conformity with GAAP in all material respected shall be made of all dealings and transactions in relation to its business and activities and (b) permit
representatives of the Administrative Agent to visit and inspect any of its properties at which the principal financial records and executive officers are located and examine and make abstracts from any of its books and records at any reasonable
time and as often as may reasonably be desired and to discuss the business, operations, properties and financial and other condition of the Borrower and its Restricted Subsidiaries with officers and employees of the Borrower and its Restricted
Subsidiaries and with its independent certified public accountants (provided that the Borrower (or any of its Subsidiaries or their respective representatives) may, if it so chooses, be present at or participate in any such
discussion); provided that (i) only the Administrative Agent, on behalf of the Lenders, shall have rights under this Section 6.6, (ii) the Administrative Agent shall not exercise such rights more often than one time
during any calendar year absent an Event of Default, and (z) only one such time per calendar year shall be at the expense of the Borrower; provided, however, that neither the Borrower nor any Restricted Subsidiary shall be required to disclose
or provide any information (i) that constitutes nonfinancial trade secrets or non-financial proprietary information of the Borrower or any of its Subsidiaries or any of their respective customers and/or suppliers, (ii) in respect of which
disclosure to the Administrative Agent or any Lender (or any of their respective representatives) is prohibited by any applicable Requirement of Law, (iii) that is subject to attorney-client or similar privilege or constitutes attorney work
product or (iv) in respect of which he Borrower or any Subsidiary owes confidentiality obligations to any third party (such confidentiality obligations were not entered into solely in contemplation of the requirements of this Section 6.6).

 SECTION 6.7 Notices. Promptly give notice to the Administrative Agent and each Lender of: 

(a) the occurrence of any Default or Event of Default; 

(b) any (i) default or event of default
under any material Contractual Obligation of the Borrower or any of its Restricted Subsidiaries or (ii) litigation, investigation or proceeding which may exist at any time between the
Borrower or any of its Restricted Subsidiaries and any Governmental Authority, which in either case would reasonably be expected to have a Material Adverse Effect; 

(c) any litigation or proceeding directly affecting the Borrower or any of its Restricted Subsidiaries not disclosed in a
filing made by a Loan Party with the SEC in which the amount sought from the Borrower and its Restricted Subsidiaries is $5,000,000 or more and not covered by
insurance15,000,000 as to which the Borrower or
any of its Restricted Subsidiaries has knowledge; 
 (d) the following events, as soon as possible and in any event
within 30 days after the Borrower knows or has reason to know thereof: (i) the occurrence of any Reportable Event with respect to any Plan, a failure to make any required contribution to a Plan, the creation of any Lien in favor of the PBGC or
a Plan or any withdrawal from, or the termination or Insolvency of, any Multiemployer Plan or (ii) the institution of proceedings or the taking of any other action by the PBGC or the Borrower or any Commonly Controlled Entity or any
Multiemployer Plan with respect to the withdrawal from, or the termination or Insolvency of, any Plan; and 

  
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 (e) any development or event which has had or would reasonably be expected
to have a Material Adverse Effect. 
 Each notice pursuant to this Section 6.7 shall be accompanied by a statement of a Responsible Officer setting
forth details of the occurrence referred to therein and stating what action the Borrower or the relevant Subsidiary proposes to take with respect
thereto. Notwithstanding anything to the contrary in this Section 6.7, none of the Borrower nor any Subsidiary
will be required to disclose any document, information or other matter pursuant to clauses (b) through (e) of this Section 6.7, (i) that constitutes trade secrets or proprietary information, strategy level detail with respect to
operational performance, trading algorithms or strategies, or ticker level information, (ii) in respect of which disclosure to the Administrative Agent or any Lender (or their respective representatives) is prohibited by law or any binding
agreement (other than any binding agreement entered into for the purpose of avoiding such disclosure) or (iii) that is subject to attorney client or similar privilege or constitutes attorney work product. 
 SECTION 6.8 Environmental Laws. (a) Comply with, and make all reasonable efforts
to ensure compliance by all tenants and subtenants, if any, with, all applicable Environmental Laws, and obtain and comply with and maintain, and make all reasonable efforts to ensure that all tenants and subtenants obtain and comply with and
maintain, any and all licenses, approvals, notifications, registrations or permits required by applicable Environmental Laws, except to the extent that any noncompliance would not, individually or in the aggregate, reasonably be expected to have a
Material Adverse Effect. 
 (b) Conduct and complete all investigations, studies, sampling and testing, and all remedial,
removal and other actions required under Environmental Laws and promptly comply with all lawful orders and directives of all Governmental Authorities regarding Environmental Laws, except to the extent that any noncompliance would not, individually
or in the aggregate, reasonably be expected to have a Material Adverse Effect. 
 SECTION 6.9 Additional Collateral, etc.
(a) Subject to any applicable limitations set forth in the Security Documents, cause each direct or indirect Subsidiary (other than any Excluded Subsidiary) formed or otherwise purchased or acquired after the Closing Date (including pursuant to
a Permitted Acquisition), and each other Subsidiary that ceases to constitute an Excluded Subsidiary, within 60 days from the date of such formation, acquisition or cessation, as applicable (or such longer period as the Administrative Agent may
agree in its reasonable discretion), and the Borrower may at its option cause any other Subsidiary, to execute a supplement to the Guarantee and Collateral Agreement and any other applicable Security Document, as applicable, in order to become a
Guarantor under the Guarantee and a grantor under such Security Documents and take all other action reasonably requested by the Administrative Agent to grant a perfected security interest in its assets to substantially the same extent as created and
perfected by the Loan Parties on the Closing Date and pursuant to Section 6.10(a) in the case of such Loan Parties. Neither the Borrower nor any Restricted Subsidiary shall be required to take any action outside the United States to perfect any
security interest in the Collateral (including the execution of any agreement, document or other instrument governed by the law of any jurisdiction other than the United States or any state or political subdivision thereof or the District of
Columbia). 

  
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 (b) Subject to Section 5.1(l) and (m) and any applicable
limitations set forth in the Security Documents and other than (x) when in the reasonable determination of the Administrative Agent and the Borrower (as agreed to in writing), the cost or other consequences of doing so would be excessive in
view of the benefits to be obtained by the Lenders therefrom or (y) to the extent doing so would result in material adverse tax consequences as reasonably determined by the Borrower in consultation with the Administrative Agent, cause
(i) all certificates representing Capital Stock of any Restricted Subsidiary (other than any Excluded Stock) held directly by the Borrower or any other Loan Party, (ii) all evidences of Indebtedness in excess of $2,500,00010,000,000
, and (iii) any promissory notes executed after the Closing Date evidencing Indebtedness in excess of
$2,500,00010,000,000
 of the Borrower or any Subsidiary that is owing to the Borrower or any other Loan Party, in each case, to be delivered to the Administrative Agent as security for the Obligations accompanied by
undated instruments of transfer executed in blank pursuant to the terms of the Security Documents. Notwithstanding the foregoing any promissory note among the Borrower and/or its Subsidiaries need not be delivered to the Administrative Agent so long
as a global intercompany note superseding such promissory note has been delivered to the Administrative Agent. 
 SECTION 6.10
Additional Covenants Relating to Collateral. (a) Subject to the terms of Section 6.9 and this Section 6.10 and the Security Documents, execute (if applicable) any and all further documents, financing statements, agreements, and
instruments, and take all such further actions that may be required under any applicable law, or that the Administrative Agent or the Required Lenders may reasonably request, in order to grant, preserve, protect, and perfect the validity and
priority of the security interests created or intended to be created by the applicable Security Documents, all at the expense of the Borrower and the Restricted Subsidiaries. 

(b) Subject to any applicable limitations set forth in the Security Documents and other than (x) when in the reasonable
determination of the Administrative Agent and the Borrower (as agreed to in writing), the cost or other consequences of doing so would be excessive in view of the benefits to be obtained by the Lenders therefrom or (y) to the extent doing so
would result in material adverse tax consequences as reasonably determined by the Borrower in consultation with the Administrative Agent, if any assets (other than Excluded Property) (including any interest therein but excluding Capital Stock of any
Subsidiary) are acquired by the Borrower or any other Loan Party after the Closing Date (other than assets constituting Collateral under a Security Document that become subject to the Lien of the applicable Security Document upon acquisition
thereof) that are of a nature secured by a Security Document, notify the Administrative Agent, and, if requested by the Administrative Agent, cause such assets to be subjected to a Lien securing the Obligations and take, such actions as shall be
necessary or reasonably requested by the Administrative Agent, as soon as commercially reasonable but in no event later than 60 days after such acquisition, unless waived or extended by the Administrative Agent in its sole discretion, to grant and
perfect such Liens consistent with the applicable requirements of the Security Documents, including actions described in clause (a) of this Section 6.10. 

  
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(c) [Reserved]If any Loan Party that is a limited liability company consummates a Division (with or without the prior consent of
Administrative Agent as required above), each Division Successor shall be required to comply with the obligations set forth in Section 6.9 and the other further assurances obligations set forth in the Loan Documents and become a Loan Party
under this Agreement and the other Loan Documents. 
 (d) Provide
the Administrative Agent with notice of (within 15 days or such longer time as may be agreed by the Administrative Agent) any: 

(i) change in the location of its chief executive office or sole place of business from that referred to in Section 4.4 of
the Guarantee and Collateral Agreement; or 
 (ii) change in its name, identity or corporate structure to such an extent that
any financing statement filed by the Administrative Agent in connection with the Guarantee and Collateral Agreement would become misleading. 

SECTION 6.11 Post- Closing Covenant. Satisfy, to the extent not satisfied on the Closing Date, the requirements set forth in
Section 5.1(l) and (m) within the time period set forth in such Section. 
 SECTION 6.12 Designation of Subsidiaries. 

The Borrower may designate any Subsidiary of the Borrower (including any existing Subsidiary and any newly acquired or newly formed Subsidiary)
to be an Unrestricted Subsidiary, unless (i) such Subsidiary or any of its Subsidiaries owns any Capital Stock or Indebtedness of, or owns or holds any Lien on, any property of, the Borrower or any Subsidiary of the Borrower (other than any
Subsidiary of the Subsidiary to be so designated or an Unrestricted Subsidiary) (ii) such Subsidiary is a “Restricted Subsidiary” for the purpose of any other Indebtedness of the Borrower or any Restricted Subsidiary ; provided
that: 
 (a) such designation complies with Sections 7.6 and 7.8; 

(b) at the time of and immediately after giving effect to such designation, no Default or Event of Default shall have occurred
and be continuing; 
 (c) the Borrower is in compliance on a Pro Forma Basis with the Financial Covenants; and 

(d) in no event shall any material Intellectual Property be transferred directly or indirectly by the Borrower or its
Restricted Subsidiaries to an Unrestricted Subsidiary, 
 The Borrower may designate any Unrestricted Subsidiary to be a Restricted
Subsidiary; provided that, immediately after giving effect to such designation, no Default or Event of Default shall have occurred and be continuing. The designation of any Unrestricted Subsidiary as a Restricted Subsidiary shall
constitute (i) the incurrence at the time of designation of any Investment, Indebtedness or Liens of such Subsidiary existing at such time and (ii) a return on any Investment by the Borrower in Unrestricted Subsidiaries pursuant to the
preceding sentence in an amount equal to the fair market value at the date of such designation of the Borrower’s or its Subsidiary’s (as applicable) Investment in such Subsidiary; provided that upon a designation of any
Unrestricted Subsidiary as a Restricted Subsidiary, the Borrower or its Restricted Subsidiary shall be deemed to continue to have an Investment in the resulting Restricted Subsidiary in an amount (if positive) equal to (a) the amount of the
Borrower’s or its Restricted Subsidiary’s Investment in such Restricted Subsidiary at the time of such designation, less (b) the portion of the fair market value (as reasonably determined by the Borrower) of the assets of such
Restricted Subsidiary attributable to the Borrower’s or it’s Restricted Subsidiary’s equity therein at the time of such designation. 

  
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 Any such designation, other than on the Closing Date, by the Borrower shall be notified by
the Borrower to the Administrative Agent by written notice of such designation and a certificate of an Authorized Officer of the Borrower certifying that such designation complied with the foregoing provisions. 

ARTICLE VII. 
 NEGATIVE
COVENANTS 
 The Borrower hereby agrees that, so long as the Commitments remain in effect, any Letter of Credit remains outstanding or
any Loan or other amount is owing to any Lender or the Administrative Agent hereunder, the Borrower shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly: 

SECTION 7.1 Financial Condition Covenants. 

(a) Consolidated Total Leverage Ratio. Permit the Consolidated Total Leverage Ratio as at the last day of any Test
Period ending with any fiscal quarter set forth below to exceed the ratio set forth below opposite such fiscal
quarter:3.00 to 1.00. 

 

			
	 Fiscal Quarter
Ending
	  	Consolidated Total Leverage
Ratio
	 March 31, 2019
	  	4.00 to 1.00
	 June 30, 2019
	  	4.00 to 1.00
	 September 30, 2019
	  	3.75 to 1.00
	 December 31, 2019
	  	3.50 to 1.00
	 March 31, 2020
	  	3.50 to 1.00
	 June 30, 2020
	  	3.25 to 1.00
	 September 30, 2020
	  	3.25 to 1.00
	 December 31, 2020 and thereafter
	  	3.00 to 1.00

  
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(b) Consolidated Fixed ChargeInterest Coverage Ratio. Permit the Consolidated Fixed
ChargeInterest Coverage Ratio foras at the last day
of any Test Period ending on or after March 31, 2019 to be less than
1.253.50 to 1.00. 

(c)
 Capital Expenditures. Incur or make any Capital
Expenditures, except: 
 (i) Capital Expenditures relating to the HQ Property in an aggregate amount not to exceed $25,000,000 from and after the First
Amendment Effective Date; and 
 (ii) other Capital Expenditures (whether relating to the HQ Property or otherwise) in an aggregate amount not to exceed
$20,000,000 in any fiscal year of the Borrower (the “Fixed CapEx Amount”); provided that, if the amount of any Capital Expenditures made in any such fiscal year pursuant to the Fixed Capital Amount is less than $20,000,000, the amount
permitted to be made during the next fiscal year shall be increased by an amount equal to 50% of such unused amount of such year’s Fixed CapEx Amount (any such carry-over amount, the “Additional CapEx Amount”); provided further, that
Capital Expenditures in any fiscal year shall be deemed to use first, the Fixed CapEx Amount for such fiscal year, and second, the Additional CapEx Amount. 

SECTION 7.2 Limitation on Indebtedness. Create, issue, incur, assume, become liable in respect of or suffer to exist any Indebtedness,
except: 
 (a) Indebtedness of any Loan Party pursuant to any Loan Document; 

(b) Indebtedness of the Borrower to any Restricted Subsidiary and of any Subsidiary Guarantor to the Borrower or any other
Restricted Subsidiary; 
 (c) Indebtedness secured by Liens permitted by Section 7.3(g); provided that the Borrower
shall be in compliance, on a Pro Forma Basis after giving effect to the incurrence of such Indebtedness, with the financial covenants contained in
Section 7.1Financial Covenants recomputed as
at the last day of the most recently ended fiscal quarter of the Borrower and its Restricted Subsidiaries for which financial statements are available as if such Indebtedness had been incurred on the first day of each relevant period for testing
such compliance; 
 (d) Capital Lease Obligations or purchase money indebtedness in an aggregate principal amount not
to exceed the greater of (x) $10,000,000 and (y) 15% of Consolidated EBITDA for the most recently ended Test Period (calculated on a Pro Forma Basis) at any one time outstanding; 
 (e) Indebtedness outstanding on the Closing Date
and listed on Schedule 7.2(e) and any refinancings, refundings, renewals or extensions thereof (without any increase in the principal amount thereof); 

  
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 (f) guarantees made in the ordinary course of business by the Borrower or
any of its Restricted Subsidiaries of obligations of the Borrower or any Subsidiary Guarantorof its Restricted Subsidiaries; 

(g) Indebtedness with respect to letters of
credit (other than Letters of Credit), in each case, obtained in
the ordinary course of business in an aggregate principal amount for all such letters of credit not to exceed $2,000,0005,000,000 at any time outstanding; 

(h) Indebtedness in respect of Permitted First Priority Refinancing Debt, Permitted Junior Lien Refinancing Debt, Permitted
Unsecured Refinancing Debt and Permitted Other Indebtedness or other permitted refinancings thereof to the extent that the Net Cash Proceeds therefrom are applied to the prepayment of the Trance A
Loans (if required by the terms of this Agreement at the time incurred) in accordance with Section 2.12(a). 
 (i) Indebtedness in respect of Comerica Letters of
Creditguarantees made by the Borrower or any of its Restricted Subsidiaries in the ordinary course of
business in respect of any obligations of any Foreign Subsidiary or CFC Holding Company under any commercial customer contracts or leases; provided that the aggregate principal amount of Indebtedness subject to all such guarantees shall not exceed
$20,000,000 at any time outstanding; 
 (j) Indebtedness of any
Restricted Subsidiary that is not a Loan Party to any other Restricted Subsidiary that is not a Loan Party; 
 (k)
Indebtedness of any Foreign Subsidiary or CFC Holding Company to the Borrower or any other Restricted Subsidiary (so long as no Default or Event of Default shall have occurred and be continuing at the time of the incurrence of such Indebtedness);
provided that (x) the requirements of Section 6.9 are satisfied and (y) the aggregate principal amount of such Indebtedness at any time outstanding shall not exceed the greater of (x) $2,500,00015,000,000
 and
(y) 
2.525% of Consolidated EBITDA; and provided,
further, that any Indebtedness permitted by this Section 7.2(k) shall be evidenced by a note or similar instrument and pledged in accordance with Section 6.9 and the Guarantee and Collateral Agreement; 

(l) (i) Permitted Unsecured Indebtedness; provided that (xi) at the time of, and after giving effect to, the incurrence of such Indebtedness, no Default or Event of Default shall have occurred and be continuing and (yii) the Borrower shall be in compliance, on a Pro Forma Basis after giving effect to the incurrence of such Indebtedness, with the financial covenant contained in Section 7.1(a), in each case recomputed as at
the last day of the most recently ended fiscal quarter of the Borrower and its Restricted Subsidiaries for which financial statements are available as if such Indebtedness had been incurred on the first day of such period and (ii) any guarantee
by any Restricted Subsidiary in respect of any Permitted Unsecured Indebtedness; provided,
further, that (x) no Subsidiary that is not a Loan Party shall guarantee any Permitted Unsecured Indebtedness and (y) any such guarantee in respect of Permitted Unsecured
Indebtedness shall be unsecured; 

  
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 (m) Indebtedness arising from any agreement providing for indemnification,
adjustment of purchase price or similar obligations (including contingent earn-out obligations and working capital adjustments), or payment obligations in respect of any non-compete, consulting or similar arrangements, in each case incurred in
connection with any Disposition permitted hereunder, any acquisition or other Investment permitted hereunder or consummated on or prior to the Closing Date (including the Acquisition); 

(n) (i) Permitted Subordinated Indebtedness; provided that the Borrower shall be in compliance, on a Pro Forma
Basis after giving effect to the incurrence of such Indebtedness, with the financial covenant contained in Section 7.1(a), recomputed on a Pro Forma Basis as at the last day of the most recently ended fiscal quarter of the Borrower and its
Restricted Subsidiaries for which financial statements are available as if such Indebtedness had been incurred on the first day of such period and (ii) any guarantee by any Restricted Subsidiary in respect of any Permitted Subordinated
Indebtedness; provided, further, that (x) no
Subsidiary that is not a Loan Party shall guarantee any Permitted Subordinated Indebtedness and (y) any such guarantee shall be subordinated to the prior payment in full of the Obligations on the same basis as the related Permitted Subordinated
Indebtedness; 
 (o) (i)
unsecured Indebtedness not otherwise permitted by this Section 7.2 in an aggregate principal amount not to exceed the greater of (x) $10,000,00020,000,000
 and (y) 10% of Consolidated EBITDA for the most recently ended Test Period (calculated on a Pro Forma Basis) and
(ii) Indebtedness not otherwise permitted by this Section 7.2 in an aggregate principal amount not to exceed the greater of (x) $3,000,000 and (y) 515% of Consolidated EBITDA for the most recently ended Test Period
(calculated on a Pro Forma Basis); and 
 (p) (i) obligations under or in respect of interest rate Hedging Agreements
up to an aggregate notional principal amount not to exceed at any time an amount equal to the Commitments of all the Lenders in the aggregate at such time, (ii) obligations owing under other Hedging Agreements entered into in order to manage
existing or anticipated exchange rate or commodity price risks and not for speculative purposes and (iii) obligations owing with respect to cash management services, netting services, overdraft protections, automated clearinghouse arrangements
and similar transactions and otherwise in connection with deposit accounts; and 
 (q) Indebtedness of the Borrower and the
Restricted Subsidiaries assumed or incurred in connection with Permitted Acquisitions so long asprovided that subject to the Borrower’s right to make an LCT Election with respect to any Limited Condition Transaction,
in which case Section 1.3(b) shall apply, (i) if the aggregate principal amount of Indebtedness assumed or incurred under this clause exceeds $5,000,000,Borrower shall be in compliance, on a Pro Forma Basis after giving
effect to the assumption or incurrence of such Indebtedness and such Permitted Acquisition on a Pro Forma Basis as of the last day of the most recent Test Period have been delivered, the Borrower shall be in compliance, on a Pro
Forma Basis with the financial covenant contained in Section 7.1(a), in each case, with the
Financial Covenants recomputed as at the last day of the most recently ended fiscal quarter of the Borrower and its Restricted Subsidiaries for which financial statements are available as if such
Indebtedness had been incurred on the first day of
sucheach relevant period for testing such compliance, and (ii) before and after giving
effect thereto , no Event of Default shall have occurred and be continuing, and
(iii)provided,
further, that any suchsecured Indebtedness shall be unsecured or secured only by a mortgage, purchase money security interest, Capital Lease Obligation or similar arrangement on the Property acquiredof the Borrower and its restricted Subsidiaries assumed in connection
with such
Permitted Acquisition (and any ascensions thereto or improvements thereon), and no Lien shall extend to cover any other Property of the Borrower or any
Subsidiary GuarantorAcquisitions shall otherwise be permitted under Section 7.3. 

  
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 SECTION 7.3 Limitation on Liens. Create, incur, assume or suffer to exist any Lien
upon any of its Property or revenues, whether now owned or hereafter acquired, except for: 
 (a) Liens for Taxes (including
those arising under ERISA), assessments or charges not yet due, that are not overdue for a period of more than sixty (60) days or which are being contested in good faith by appropriate proceedings; provided that adequate reserves
with respect thereto are maintained on the books of the Borrower or its Subsidiaries, as the case may be, in conformity with GAAP; 

(b) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s, supplier’s or other like
Liens arising in the ordinary course of business which are not overdue for a period of more than 30 days or which are being contested in good faith by appropriate proceedings and Liens securing judgments to the extent not constituting an Event of
Default pursuant to Section 8(h); 
 (c) pledges or deposits in connection with workers’ compensation, unemployment
insurance and other social security legislation; 
 (d) deposits to secure the performance of bids, trade contracts (other
than for borrowed money), leases, statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business; 

(e) easements, rights-of-way, restrictions and other similar encumbrances incurred in the ordinary course of business which, in
the aggregate, are not substantial in amount and which do not in any case materially detract from the value of the Property subject thereto or materially interfere with the ordinary conduct of the business of the Borrower or any of its Restricted
Subsidiaries; 
 (f) Liens in existence on the Closing Date listed on Schedule 7.3(f) (and any replacements or extensions
thereof), securing Indebtedness permitted by Section 7.2(e); provided that no such Lien is spread to cover any additional Property after the Closing Date (other than improvements thereon) and that the amount of Indebtedness
secured thereby is not increased (other than in connection with a refinancing thereof, in which case, any such increase shall only finance any costs, fees (including prepayment premiums or penalties) and expenses incurred in connection therewith);

  
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 (g) Liens upon real and/or tangible personal Property acquired after the
Closing Date (by purchase, construction or otherwise) by the Borrower or any of its Restricted Subsidiaries, each of which Liens either (i) existed on such Property before the time of its acquisition and was not created in anticipation thereof
or (ii) was created solely for the purpose of securing Indebtedness representing, or incurred to finance, refinance or refund, the cost (including the cost of construction) of such Property and permitted by Section 7.2; provided
that (A) no such Lien shall extend to or cover any Property of the Borrower or such Subsidiary other than the Property so acquired or financed (and improvements thereon), and (B) the principal amount of Indebtedness secured by any
such Lien shall at no time exceed 80% of the fair market value (as determined in good faith by a Responsible Officer) of such Property at the time it was acquired (by purchase, construction or otherwise); 

(h) Liens created pursuant to the Security Documents; 

(i) any interest or title of a lessor under any lease entered into by the Borrower or any other Subsidiary in the ordinary
course of its business and covering only the assets so leased; 
 (j) Liens arising from precautionary UCC financing
statement filings regarding operating leases or consignment arrangements entered into by the Borrower or its Subsidiaries in the ordinary course of business; 

(k) Liens in favor of banking institutions encumbering the deposits (including the right of setoff) held by such banking
institutions in the ordinary course of business and which are within the general parameters customary in the banking industry; 

(l) Liens on the property or assets of a corporation which becomes a Subsidiary after the Closing Date securing Indebtedness
permitted by Section 7.2; provided that (i) such Liens existed at the time such corporation became a Subsidiary and were not created in anticipation thereof, (ii) any such Lien is not spread to cover any additional
property or assets of such corporation after the time such corporation becomes a Subsidiary (other than improvements thereon), and (iii) the amount of Indebtedness secured thereby is not increased (other than in connection with a refinancing
thereof, in which case, any such increase shall only finance any costs, fees (including prepayment premiums or penalties) and expenses incurred in connection therewith); 

(m) Liens not otherwise permitted by this Section 7.3 so long as neither (i) the aggregate outstanding principal
amount of the obligations secured thereby nor (ii) the aggregate fair market value (determined as of the date such Lien is incurred) of the assets subject thereto exceeds (as to the Borrower and all Subsidiaries) the greater of (x) $3,000,00020,000,000
 and
(y) 
515% of Consolidated EBITDA for the most recently
ended Test Period (calculated on a Pro Forma Basis) at any one time; 
 (n) Liens on cash collateral (or on deposit accounts containing cash collateral) pledged to secure the Comerica Letters of Credit; provided that such cash collateral does
not exceed 103% of the face value of the Comerica Letters of Credit; 

(n)
 (o) licenses, sublicenses and other grants of rights with respect to Intellectual Property not
interfering in any material respect with the business of the Borrower or its Subsidiaries; and 

  
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(o)
 (p) Liens in the nature of escrow arrangements for deferred payments to be made in connection
with a Permitted Acquisition to the extent such payments constitute amounts permitted under Section 7.8(k) and the rights of any beneficiary thereunder. 

SECTION 7.4 Limitation on Fundamental Changes. Enter into any merger, consolidation or amalgamation, or liquidate, wind up or dissolve
itself (or suffer any liquidation or dissolution), or Dispose of all or substantially all of its Property or business except: 

(a) (i) any Restricted Subsidiary may be merged or consolidated with or into the Borrower (provided that the
Borrower shall be the continuing or surviving corporation), any Subsidiary Guarantor (provided that the Subsidiary Guarantor shall be the continuing or surviving corporation) or an entity that will become a Subsidiary Guarantor
following a Permitted Acquisition and (ii) any Restricted Subsidiary (other than a Subsidiary Guarantor) may be merged or consolidated with or into a Subsidiary Guarantor (provided that the Subsidiary Guarantor shall be the
continuing or surviving corporation); 
 (b) (i) any Restricted Subsidiary may Dispose of any or all of its assets (upon
voluntary liquidation or otherwise) to the Borrower or any Subsidiary Guarantor in which the Borrower has an equal or higher direct or indirect ownership percentage and (ii) any Restricted Subsidiary that is not a Loan Party may Dispose of any
or all of its assets (upon voluntary liquidation or otherwise) to any other Restricted Subsidiary that is not a Loan Party in which the Borrower has an equal or higher direct or indirect ownership percentage or any Subsidiary Guarantor; and 

(c) any Foreign Subsidiary may be merged or consolidated with or into any other Foreign Subsidiary (provided that
(1) if any such Foreign Subsidiary is a Wholly-Owned Foreign Subsidiary, a Wholly-Owned Foreign Subsidiary shall be the continuing or surviving corporation, and (2) any such Foreign Subsidiary is not an Excluded Subsidiary, the continuing
or surviving corporation shall not be an Excluded Subsidiary); and 

(d) to the extent permitted by
Section 7.5. 
 SECTION 7.5 Limitation on Sale of Assets.
Dispose of any of its Property or business (including receivables and leasehold interests), whether now owned or hereafter acquired, or, in the case of any Restricted Subsidiary, issue or sell any shares of such Subsidiary’s Capital Stock to
any Person, except: 
 (a) the Disposition of obsolete or worn out property no longer useful in the business of the Borrower
and its Restricted Subsidiaries (including the abandonment or allowing to lapse of Intellectual Property that is not material to the business of the Borrower and its Subsidiaries); 

(b) the sale or other Disposition of inventory in the ordinary course of business; 

(c) Dispositions permitted by Section 7.4(b); 

  
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 (d) the sale or issuance of the Capital Stock of (i) any Restricted
Subsidiary to the Borrower or any Subsidiary Guarantor, (ii) any Restricted Subsidiary (other than a Subsidiary Guarantor) to any Subsidiary Guarantor and (iii) any Restricted Subsidiary that is not a Loan Party to any other Restricted
Subsidiary; 
 (e) the sale or transfer of any Capital Stock of any Restricted Subsidiary that is not a Loan Party acquired
pursuant to a Permitted Acquisition to any other Restricted Subsidiary; 
 (f) Dispositions of other property;
provided that (i) not less than 75% of the consideration payable to the Borrower and the Restricted Subsidiaries in connection with such Disposition is in the form of Cash or Cash Equivalents; provided, further, that the amount of
any Indebtedness or other Indebtedness of a Restricted Subsidiary that is not a Loan Party (as shown on the Borrower’s or such Restricted Subsidiary’s most recent balance sheet or in the notes thereto) of the Borrower or any Restricted
Subsidiary of the Borrower that is assumed by the transferee of any such assets shall be deemed to be Cash, (as of the last day of the most recent Test Period for which financial statements have been made available (or were required to be made
available) pursuant to
Section 
6.116.1(a) or (b)) at such time, with the fair
market value of each item of Designated Non-Cash Consideration being measured at the time received and without giving effect to subsequent changes in value, shall be deemed to be Cash, (ii) the consideration payable to the Borrower and the
Restricted Subsidiaries in connection with any such Disposition is equal to the fair market value of such property (as determined by the Borrower in good faith),and (iii) such Disposition does not constitute all or substantially all of the
assets of the Borrower and the Restricted Subsidiaries, taken as a whole; 
 (g) monetary payments made in the
ordinary course of business and other dispositions of cash and Cash Equivalents; 
 (h) the sale or discount without recourse
of accounts receivable arising in the ordinary course of business of the Borrower or its Subsidiaries in connection with the compromise or collection thereof; 

(i) the sale or issuance of a minimal number of any Foreign Subsidiary’s Capital Stock to a foreign national to the extent
required by local law in a jurisdiction outside the United States; 
 (j) [Reserved]; 

(k) [Reserved]; 

(l) the sale, transfer, encumbrance or other disposition of securities or related ancillary rights and assets pursuant to
sales, marketing and distribution arrangements; 
 (m) Dispositions of Property from the Borrower or a Subsidiary Guarantor
to the Borrower or another Subsidiary Guarantor; 

  
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 (n) Dispositions of Property from any Restricted Subsidiary that is not a
Loan Party to any other Restricted Subsidiary that is not a Loan Party; a 
 (o) Dispositions not constituting Asset Sales;
and 
 (p) to the extent constituting a Disposition, the incurrence or existence of Liens on the Property of any Loan Party
or Restricted Subsidiary thereof not otherwise prohibited by this Agreement. 
 Any Collateral which is sold, transferred or otherwise conveyed pursuant to
this Section 7.5 to a Person other than the Borrower and its Restricted Subsidiaries shall, upon the consummation of such sale in accordance with the terms of this Agreement and the other Loan Documents, be released from the Liens granted
pursuant to the Security Documents and each Lender hereby authorizes and instructs the Administrative Agent to take such action as the Borrower reasonably may request to evidence such release. 

SECTION 7.6 Limitation on Restricted Payments. Declare or pay any dividend (other than dividends payable solely in Capital Stock of the
Person making such dividend) on, or make any payment on account of, or set apart assets for a sinking or other analogous fund for, the purchase, redemption, defeasance, retirement or other acquisition of, any shares of any class of Capital Stock of
the Borrower or any Restricted Subsidiary or any warrants or options to purchase any such Capital Stock, whether now or hereafter outstanding, or make any other distribution in respect thereof, either directly or indirectly, whether in cash or
property or in obligations of the Borrower or any Restricted Subsidiary (collectively, “Restricted Payments”), except: 

(a) that any Restricted Subsidiary may make Restricted Payments to the Borrower or any Subsidiary Guarantor; 

(b) (i) repurchases of Capital Stock made in order to fulfill the obligations of the Borrower or any Restricted Subsidiary
under an employee or director stock purchase plan or similar plan covering employees of the Borrower or any Restricted Subsidiary as from time to time in effect and (ii) cash payments made in lieu of issuing fractional shares of Borrower’s
Capital Stock, in an aggregate amount for purposes of clauses (i) and (ii) not to exceed $2,000,000 per year; provided that unused amounts may be carried forward into subsequent fiscal years; 

(c) Payment of withholding Taxes and similar liabilities in connection with the vesting of restricted stock units and similar
programs; 
 (d) payments with respect to Indebtedness of the typed described in Section 7.2(m) and other earn-outs and
similar payments not constituting Indebtedness; and 
 (e) the Borrower may make Restricted Payments in an unlimited amount so long as (i) the Consolidated Fixed Charge Coverage
RatioBorrower shall be greater than or equal to 1.25 to 1.00, (ii) the Consolidated Total Leverage Ratio of the Borrower and its Restricted Subsidiaries, computedin compliance, on a Pro Forma Basis (giving effect to such Restricted
Payment and any Indebtedness incurred in connection therewith) with the
Financial
Covenants as at the last day of the most recently ended
fiscal quarter of the Borrower and its Restricted Subsidiaries for which financial statements are available, is no greater than the lesser of (x) 3.25:1.00 and (y) the Consolidated Total Leverage Ratio that is 0.50 to 1.00 lower
than the Consolidated Total Leverage Ratio in effect for such fiscal quarter under Section 7.1(a) and
(iiiand (ii) no Event of Default has occurred
and is continuing or would result therefrom; provided
that,
if the Borrower may makemakes an LCT Election with respect to any Restricted Payments in an unlimited
amountPayment made pursuant to this Section 7.6(e), compliance with this Section shall be
determined in accordance with Section 1.3(b). 

  
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 SECTION 7.7 [Reserved]. 

SECTION 7.8 Limitation on Investments, Loans and Advances. Make any advance, loan, extension of credit (by way of guaranty or
otherwise) or capital contribution to, or purchase any stock, bonds, notes, debentures or other securities of or any assets constituting all or a material part of a business unit of, or make any other investment in, any Person (collectively,
“Investments”), except: 
 (a) extensions of trade credit in the ordinary course of business; 

(b) Investments in cash and Cash Equivalents; 

(c) Guarantee Obligations permitted by Section 7.2; 

(d) loans and advances to employees or directors of the Borrower or its Subsidiaries in the ordinary course of business
(including for travel, entertainment and relocation expenses) in an aggregate amount for the Borrower and its Restricted Subsidiaries not to exceed $2,000,000 at any one time outstanding; provided, however that this provision shall not limit key man
insurance; 
 (e) Investments in Similar Businesses and joint ventures in an aggregate amount not to exceed, the greater of
(x) $20,000,000 and (y) 30% of Consolidated EBITDA for the most recently ended Test Period (calculated on a Pro Forma Basis)
outstanding at any time (with such outstanding amount being deemed reduced by any returns on such investments received
by the Borrower and its Subsidiaries) and determined at the time such Investment is made;
and 

(f) Investments made by the Borrower or any
of its Restricted Subsidiaries with the proceeds of any Reinvestment Deferred
Amount[Reserved]; 

(g) Investments (x) by the Borrower or any of its Restricted Subsidiaries in the Borrower or any Subsidiary Guarantor in
the ordinary course of business and (y) between and among Subsidiaries of the Borrower that are not Loan Parties; 
 (h)
Investments (including debt obligations and Capital Stock) by the Borrower or its Subsidiaries received in connection with the bankruptcy or reorganization of suppliers and customers and in settlement of delinquent obligations of, and other disputes
with, customers and suppliers arising in the ordinary course of business; 

  
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 (i) so long as no Default or Event of Default shall have occurred and be
continuing, the Borrower or any Restricted Subsidiary may make advances, loans or extensions of credit to any Foreign Subsidiary or CFC Holding Company; provided that the Indebtedness of such Foreign Subsidiary or CFC Holding Company
is permitted under Section 7.2(k); 
 (j)
Investments not otherwise permitted by this Section 7.8 in an aggregate principal amount not to exceed the greater of (x) $2,500,000 and (y) 5% of
Consolidated EBITDA for the most recently ended Test Period (calculated on a Pro Forma Basis); provided that any Investment made under this clause (j) shall reduce the amount available to make Investments in Similar
Business permitted under clause (e)[Reserved];

 (k) any Investment or series of Investments by the Borrower or any Restricted Subsidiary in a Person that is
engaged in a Similar Business (or in the assets or property of a Person or a line of business, in each case, with respect to a Similar Business), if as a result of such Investment (a “Permitted Acquisition”),
(x) (1) such Person becomes a Restricted
SubsidiaryGuarantor (and, ifor such entity does not constitute an Excluded Subsidiary,assets or line of business become owned by a Guarantor) or (2) if such Person does not become a
Guarantorotherwise, the aggregate outstanding amount of Investments made under this clause (k) in respect of such Persons who do not become
Guarantorsby Loan Parties and their Restricted Subsidiaries that are not Foreign
Subsidiaries does not exceed $20,000,00050,000,000 (which outstanding amount shall be reduced if such Person
later becomes a Guarantor or any such assets or line of business are transferred to a Guarantor), and, (y) in each case, any Investment held by such Person (not acquired by such person in contemplation of such Permitted Acquisition); provided that, subject to the Borrower’s right to make an LCALCT Election with respect to any Limited Condition AcquisitionTransaction, in which case, Section 1.3(b) shall apply, (i) no
Event of Default under clauses (a) or (f) of Article VIII shall have occurred and be continuing, (ii) (A) the Consolidated Fixed Charge
Coverage Ratio shall be greater than or equal to 1.25 to 1.00 and (B) the Consolidated Total Leverage Ratio of the Borrower and its Restricted Subsidiaries, computed on a Pro Forma Basis (giving effect to such Permitted Acquisition and any
Indebtedness incurred in connection therewith)the Borrower shall be in compliance, on a Pro Forma
Basis, after giving effect to such Investment, with the Financial Covenants recomputed as at the last day of the most recently ended fiscal quarter of the Borrower and its Restricted Subsidiaries
for which financial statements are available, is no greater
than as if such Indebtedness had been incurred on
the
lesserfirst day of (x) 3.50:1.00 and (y) the Consolidated Total Leverage Ratio that is 0.25 to 1.00 lower than the Consolidated Total Leverage Ratio in effecteach relevant period for testing such fiscal quarter under
Section 7.1(a)compliance, and (iii) such
Investment was not effected pursuant to a hostile offer; provided, further, that Investments by Foreign Subsidiaries which are non-Loan Parties may use their own cash and Cash Equivalents to make Investments in connection with
Permitted Acquisitions in an unlimited amount; 
 (l) [Reserved];
and 
 (m) Investments in Unrestricted Subsidiaries in an aggregate amount not to exceed, the greater of (x) $20,000,000
and (y) 30% of Consolidated EBITDA for the most recently ended Test Period (calculated on a Pro Forma Basis)
outstanding at any time (with such outstanding amount being deemed reduced by any returns on such
investments
received by the Borrower and its Subsidiaries and determined at the time such Investment is made). 

  
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 SECTION 7.9 Limitation on Optional Payments and Modifications of Organizational Documents. (a) Make or offer to make any payment, prepayment, repurchase or redemption of or otherwise defease or
segregate funds (any such action, a “Prepayment”) with respect to Permitted Subordinated Indebtedness or Permitted Unsecured Indebtedness, unless (i) both immediately prior to and immediately after giving effect to any such
Prepayment, no Default or Event of Default shall have occurred and be continuing and (ii) the Borrower and the Subsidiaries are in compliance, on a Pro Forma Basis after giving effect to such Prepayment, with the financial
covenantsFinancial Covenants contained in
Section 7.1, recomputed as at the last day of the most recently ended Test Period; or 

(b) amend its Organizational Documents in any manner
materially adverse to the Lenders without the prior written consent of the Required Lenders. 

SECTION 7.10 Limitation on Transactions with Affiliates. Enter into any transaction, including any purchase, sale, lease or exchange of
Property, the rendering of any service or the payment of any management, advisory or similar fees, with any Affiliate (other than transactions between or among the Borrower and the Subsidiary Guarantors) unless such transaction is (a) not
otherwise prohibited under this Agreement and (b) upon fair and reasonable terms no less favorable to the Borrower or such Subsidiary, as the case may be, than it would obtain in a comparable arm’s length transaction with a Person which is
not an Affiliate, except that this Section 7.10 shall not prohibit (i) overhead and other ordinary course allocations of costs and services on a reasonable basis, (ii) allocations of tax liabilities and other tax-related items among
the Borrower and its Affiliates based principally upon the financial income, taxable income, credits and other amounts directly related to the respective parties, (iii) any incurrence of Indebtedness not prohibited by Section 7.2,
(iv) any Restricted Payment not prohibited by Section 7.6, (v) any Investment permittednot prohibited by Section 7.8 specifically contemplated by Section 7.8 to be made among Affiliates or (vi) transactions between or
among the Borrower and its Restricted Subsidiaries in the ordinary course of business which are pursuant to customary transfer pricing arrangements or for the achievement of operating efficiencies (but not involving (x) an Investment not specifically contemplated by
Section 7.8 to be made among Affiliates or (y) an Asset Sale not otherwise permitted under this Agreement). 

SECTION 7.11 [Reserved]. 

SECTION 7.12 Limitation on Changes in Fiscal Periods. Change the Borrower’s or any Restricted Subsidiary’s method of
determining fiscal quarters or fiscal years; provided that any Restricted Subsidiary may change its method of determining fiscal quarters or fiscal years to match the method used by the Borrower. 

SECTION 7.13 Limitation on Negative Pledge Clauses. Enter into or suffer to exist or become effective any agreement which prohibits or
limits the ability of the Borrower or any of its Restricted Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its Property or revenues, whether now owned or hereafter acquired, to secure the Obligations or, in the case of
any Subsidiary Guarantor, its obligations under the Guarantee and Collateral Agreement, other than (a) this Agreement and the other Loan Documents, (b) any agreements governing any purchase money Liens, Capital Lease Obligations otherwise
permitted hereby or Liens permitted by Sections 7.3(f) or (l) (in which case, any prohibition or limitation shall only be effective against the assets financed thereby) and (c) Permitted Restrictions. 

  
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 SECTION 7.14 Limitation on Restrictions on Subsidiary Distributions. Enter into or
suffer to exist or become effective any consensual encumbrance or restriction on the ability of any Restricted Subsidiary to (a) pay dividends or make any other distributions in respect of any Capital Stock of such Subsidiary held by, or pay
any Indebtedness owed to, the Borrower or any other Subsidiary, (b) make loans or advances to, or other Investments in, the Borrower or any other Subsidiary or (c) transfer any of its assets to the Borrower or any other Subsidiary, except
for such encumbrances or restrictions existing under or by reason of (i) any restrictions existing under the Loan Documents and (ii) any restrictions with respect to a Subsidiary imposed pursuant to an agreement which has been entered into
in connection with the Disposition of all or substantially all of the Capital Stock or assets of such Subsidiary and (iii) Permitted Restrictions. 

SECTION 7.15 Limitation on Lines of Business. Enter into any business, either directly or through any Restricted Subsidiary, except for
Similar Businesses. 
 SECTION 7.16 Limitation on Use of Proceeds. Request any Loan or Letter of Credit, and the Borrower shall not
use, shall procure that its Subsidiaries shall not use, and shall procure that its or their respective directors, officers, employees and agents shall not use, the proceeds of any Loan or Letter of Credit (a) in furtherance of an offer,
payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (b) for the purpose of funding, financing or facilitating any activities, business
or transaction of or with any Sanctioned Person, or in any Sanctioned Country, in each case, in violation of applicable Sanctions or (c) in any manner that would result in the violation of any Sanctions applicable to any party hereto. 

ARTICLE VIII. 
 EVENTS OF
DEFAULT 
 If any of the following events shall occur and be continuing: 

(a) the Borrower shall fail to pay any principal of any Loan or Reimbursement Obligation when due in accordance with the terms
hereof; or the Borrower shall fail to pay any interest on any Loan or Reimbursement Obligation or any other amount payable hereunder or under any other Loan Document within five days after any such interest or other amount becomes due in accordance
with the terms hereof; or 
 (b) any representation or warranty made or deemed made by any Loan Party herein or in any other
Loan Document or which is contained in any certificate, document or financial or other statement furnished by it at any time under or in connection with this Agreement or any such other Loan Document shall prove to have been inaccurate in any
material respect on or as of the date made or deemed made; or 
 (c) any Loan Party shall default in the observance or
performance of any agreement contained in clause (i) of Section 6.4(a) (with respect to the Borrower only), Section 6.7(a) or Article VII; or 

  
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 (d) any Loan Party shall default in the observance or performance of any
other agreement contained in this Agreement or any other Loan Document (other than as provided in paragraphs (a) through (c) of this Article VIII), and such default shall continue unremedied for a period of 30 days; or 

(e) the Borrower or any of its Restricted Subsidiaries shall (i) default in making any payment of any principal of any
Indebtedness (including any Guarantee Obligation, but excluding the Loan Document Obligations) beyond the period of grace and following all required notices, if any, provided in the instrument or agreement under which such Indebtedness was created;
or (ii) default in making any payment of any interest on any such Indebtedness beyond the period of grace, if any, provided in the instrument or agreement under which such Indebtedness was created; or (iii) default in the observance or
performance of any other agreement or condition relating to any such Indebtedness or containedcovenant in any instrument or agreement evidencing, securing or relating
thereto or any other event shall occur or condition exist (after giving effect to all applicable grace
period and delivery of all required notices) (other than, with respect to Indebtedness consisting of any Hedging Agreements, termination events or equivalent events pursuant to the terms of such Hedging Agreements (it being understood that clause
(i) shall apply to any failure to make any payment in excess of $7,500,000 in the aggregate that
is required as a result of any such termination or similar event and that is not otherwise being contested in good faith)), the effect of which default or other
event or condition is to cause, or to permit the holder or beneficiary of such Indebtedness (or a trustee or agent on behalf of such holder or beneficiary) to cause, with the giving of notice
if required, such Indebtedness to become due prior to its stated maturity or (in the case of any such Indebtedness constituting a Guarantee Obligation) to become payable; provided that a default event or condition described in clause (i), (ii) or (iii) of this paragraph (e) shall not at any
time constitute an Event of Default unless, at such time, one or more defaults, events or conditions
of the type described in clauses (i), (ii) and (iii) of this paragraph (e) shall have occurred and be continuing with respect to Indebtedness the outstanding principal amount of which exceeds in the aggregate $7,500,00015,000,000
; provided that this clause (e) shall not apply to (x) (i) secured Indebtedness that becomes due as a result of the voluntary sale or transfer of, or a casualty event with
respect to, the property or assets securing such Indebtedness, if, in the case of a sale or transfer, such sale or transfer is permitted hereunder and under the documents providing for such Indebtedness or (ii) Indebtedness under customary
high-yield bridge facilities that becomes due as the result of the issuance or obtaining of replacement financing, including equity issuances, proceeds of asset dispositions or the commitments with respect to which are cancelled,
(y) Indebtedness which is convertible into common stock of the Borrower and converts to such common stock in accordance with its terms and such conversion is not prohibited hereunder, or (z) any breach or default that is (I) remedied
by the Borrower or the applicable Restricted Subsidiary or (II) waived (including in the form of amendment) by the required holders of the applicable item of Indebtedness, in either case, prior to the acceleration of Loans pursuant to this Article
VIII; or 

  
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 (f) (i) the Borrower or any of its Restricted Subsidiaries shall commence or
consent to any case, proceeding or other action (A) under any existing or future law of any jurisdiction, domestic or foreign, relating to bankruptcy, insolvency, reorganization or relief of debtors, seeking to have an order for relief entered
with respect to it, or seeking to adjudicate it a bankrupt or insolvent, or seeking reorganization, arrangement, adjustment, winding-up, liquidation, dissolution, composition or other relief with respect to it or its debts, or (B) seeking
appointment of a receiver, trustee, custodian, conservator or other similar official for it or for all or any substantial part of its assets, or the Borrower or any of its Restricted Subsidiaries shall make a general assignment for the benefit of
its creditors; or (ii) there shall be commenced against the Borrower or any of its Restricted Subsidiaries any case, proceeding or other action of a nature referred to in clause (i) above which (A) results in the entry of an order for
relief or any such adjudication or appointment or (B) remains undismissed, undischarged or unbonded for a period of 60 days; or (iii) there shall be commenced against the Borrower or any of its Restricted Subsidiaries any case, proceeding
or other action seeking issuance of a warrant of attachment, execution, distraint or similar process against all or any substantial part of its assets which results in the entry of an order for any such relief which shall not have been vacated,
discharged, or stayed or bonded pending appeal within 60 days from the entry thereof; or (iv) the Borrower or any of its Restricted Subsidiaries shall generally not, or shall be unable to, or shall admit in writing its inability to, pay its
debts as they become due; or 
 (g) (i) any Person shall engage in any “prohibited transaction” (as defined in
Section 406 of ERISA or Section 4975 of the Code) involving any Plan, (ii) any Single Employer Plan shall fail to satisfy the minimum funding standards (within the meaning of Section 412 of the Code or Section 302 of ERISA)
applicable to such Single Employer Plan, whether or not waived, or any Lien in favor of the PBGC or a Plan shall arise on the assets of the Borrower or any Commonly Controlled Entity, (iii) a Reportable Event shall occur with respect to, or
proceedings shall commence to have a trustee appointed, or a trustee shall be appointed, to administer or to terminate, any Single Employer Plan, which Reportable Event or commencement of proceedings or appointment of a trustee is, in the reasonable
opinion of the Required Lenders, likely to result in the termination of such Plan for purposes of Title IV of ERISA, (iv) any Single Employer Plan shall terminate for purposes of Title IV of ERISA, (v) the Borrower or any Commonly
Controlled Entity shall, or in the reasonable opinion of the Required Lenders is likely to, incur any liability in connection with a withdrawal from, or the Insolvency of, a Multiemployer Plan, or (vi) any other event or condition which shall
occur or exist with respect to a Plan; and in each case in clauses (i) through (vi) above, such event or condition, together with all other such events or conditions, if any, would, in the reasonable judgment of the Required Lenders,
reasonably be expected to have a Material Adverse Effect; or 
 (h) one or more judgments or decrees shall be entered against
the Borrower or any of its Restricted Subsidiaries involving in the aggregate a liability (not covered by insurance as to which the relevant insurance company has
acknowledgednot denied coverage) of $7,500,00015,000,000
 or more, and all such judgments or decrees shall not have been paid, vacated, discharged, stayed or bonded pending appeal within 60 days from the entry thereof; or 

(i) any of the Security Documents shall cease, for any reason, to be in full force and effect (other than pursuant to the terms
hereof or thereof, solely as a result of acts or omissions of the Administrative Agent in respect of certificates, promissory notes or instruments actually delivered to it (including as a result of the Administrative Agent’s failure to file a
Uniform Commercial Code continuation statement)), or any Loan Party or any Affiliate of any Loan Party shall so assert, or any Lien created by any of the Security Documents in respect of material assets shall cease to be enforceable and of the same
effect and priority purported to be created thereby; or 

  
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 (j) the guarantee contained in Section 2 of the Guarantee and
Collateral Agreement shall cease, for any reason, to be in full force and effect (other than pursuant to the terms hereof and thereof) or any Loan Party or any Affiliate of any Loan Party shall so assert; or 

(k) (i) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), (x) shall become, or obtain
rights (whether by means or warrants, options or otherwise) to become, the “beneficial owner” (as defined in Rules 13(d)-3 and 13(d)-5 under the Exchange Act), directly or indirectly, of more than 35% of the outstanding common stock of the
Borrower (provided that no Event of Default shall occur under this clause (k) as a result of a merger agreement or stock purchase agreement prior to the consummation of such merger or stock purchase) or (y) shall obtain the
power (whether or not exercised) to elect a majority of the Borrower’s directors, in each case other than any Permitted Holder or any “group” controlled by one or more Permitted Holders or (ii) any “change of control” occurs with respect to Indebtedness the outstanding principal amount of which exceeds in the aggregate
$7,500,000; or 
 (l) Anyany Permitted Subordinated Indebtedness or any guarantee thereof shall cease, for any reason, to be validly subordinated to the Obligations or the obligations of the Subsidiary Guarantors under the Guarantee and
Collateral Agreement, as the case may be, as provided in the documents evidencing such Permitted Subordinated Indebtedness, or any Loan Party shall so assert; 

then, and in any such event, (A) if such event is an Event of Default specified in clause (i) or (ii) of paragraph (f) above with respect
to the Borrower, automatically the Commitments shall immediately terminate and the Loans hereunder (with accrued interest thereon) and all other amounts owing under this Agreement and the other Loan Documents (including all amounts of L/C
Obligations, whether or not the beneficiaries of the then outstanding Letters of Credit shall have presented the documents required thereunder) shall immediately become due and payable, and (B) if such event is any other Event of Default,
either or both of the following actions may be taken: (i) with the consent of the Majority Facility Lenders, the Administrative Agent may, or upon the request of the Majority Facility Lenders, the Administrative Agent shall, by notice to the
Borrower declare the Revolving Credit Commitments to be terminated forthwith, whereupon the Revolving Credit Commitments shall immediately terminate; and (ii) with the consent of the Required Lenders, the Administrative Agent may, or upon the
request of the Required Lenders, the Administrative Agent shall, by notice to the Borrower, declare the Loans hereunder (with accrued interest thereon) and all other amounts owing under this Agreement and the other Loan Documents (including all
amounts of L/C Obligations, whether or not the beneficiaries of the then outstanding Letters of Credit shall have presented the documents required thereunder) to be due and payable forthwith, whereupon the same shall immediately become due and
payable. With respect to all Letters of Credit with respect to which presentment for honor shall not have occurred at the time of an acceleration pursuant to this paragraph, the Borrower shall at such time deposit in a cash collateral account opened
by the Administrative Agent an amount equal to the aggregate then undrawn and unexpired amount of such Letters of Credit. Amounts held in such cash collateral account shall be applied by the Administrative Agent to the payment of drafts drawn under
such Letters of Credit, and the unused portion thereof after all such Letters of Credit shall have expired or been fully drawn upon, if any, shall be applied to repay other obligations of the Borrower hereunder and under the other Loan Documents.
After all such Letters of Credit shall have expired or been fully drawn upon, all Reimbursement Obligations shall have been satisfied and all other obligations of the Borrower hereunder and under the other Loan Documents shall have been paid in
full, the balance, if any, in such cash collateral account shall be returned to the Borrower (or such other Person as may be lawfully entitled thereto). Except as expressly provided above in this Article VIII, presentment, demand, protest and all
other notices of any kind are hereby expressly waived by the Borrower. 

  
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 ARTICLE IX. 

THE ADMINISTRATIVE AGENT 

SECTION 9.1 Appointment. Each Lender hereby irrevocably designates and appoints the Administrative Agent as the agent of such Lender
under this Agreement and the other Loan Documents, and each such Lender irrevocably authorizes the Administrative Agent, in such capacity, to take such action on its behalf under the provisions of this Agreement and the other Loan Documents and to
exercise such powers and perform such duties as are expressly delegated to the Administrative Agent by the terms of this Agreement and the other Loan Documents, together with such other powers as are reasonably incidental thereto. Notwithstanding
any provision to the contrary elsewhere in this Agreement, the Administrative Agent shall not have any duties or responsibilities, except those expressly set forth herein, or any fiduciary relationship with any Lender, and no implied covenants,
functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Loan Document or otherwise exist against any Administrative Agent. 

SECTION 9.2 Delegation of
Duties; Posting of Communications. (a) The Administrative Agent may execute any of its duties under this
Agreement and the other Loan Documents by or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. The Administrative Agent shall not be responsible for the negligence or
misconduct of any agents or attorneys in-fact selected by it with reasonable care. 
 (b) The
 Borrower agrees that the Administrative Agent may, but shall not be obligated to, make any Communications available to the Lenders and the Issuing Lender by posting the Communications on IntraLinksTM, DebtDomain, SyndTrak, ClearPar or any other
electronic system chosen by the Administrative Agent to be its electronic transmission system (the “Approved Electronic Platform”). 

(c)
 Although the Approved Electronic Platform and its primary web portal are secured with generally-applicable
security procedures and policies implemented or modified by the Administrative Agent from time to time (including, as of the First Amendment Effective Date, a user ID/password authorization system) and the Approved Electronic Platform is secured
through a per-deal authorization method whereby each user may access the Approved Electronic Platform only on a deal-by-deal basis, each of the Lenders, the Issuing Lender and the Borrower acknowledges and agrees that the distribution of material through an electronic medium is not necessarily
secure, that the Administrative Agent is not responsible for approving or vetting the representatives or contacts of any Lender that are added to the Approved Electronic Platform, and that there may be confidentiality and other risks associated with
such distribution. Each of the Lenders, the Issuing Lender and the Borrower hereby approves distribution of the Communications through the Approved Electronic Platform and understands and assumes the risks of such distribution. 

  
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(d)
 THE APPROVED ELECTRONIC PLATFORM AND THE COMMUNICATIONS ARE PROVIDED “AS IS” AND “AS AVAILABLE”. THE APPLICABLE PARTIES (AS DEFINED BELOW) DO NOT
WARRANT THE ACCURACY OR COMPLETENESS OF THE COMMUNICATIONS, OR THE ADEQUACY OF THE APPROVED ELECTRONIC PLATFORM AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS OR OMISSIONS IN THE APPROVED ELECTRONIC PLATFORM AND THE COMMUNICATIONS. NO WARRANTY OF ANY
KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY THE APPLICABLE PARTIES IN CONNECTION
WITH THE COMMUNICATIONS OR THE APPROVED ELECTRONIC PLATFORM. IN NO EVENT SHALL THE ADMINISTRATIVE AGENT, ANY ARRANGER, ANY CO-DOCUMENTATION AGENT, ANY SYNDICATION AGENT OR ANY OF THEIR RESPECTIVE RELATED PARTIES (COLLECTIVELY, “APPLICABLE
PARTIES”) HAVE ANY LIABILITY TO ANY LOAN PARTY, ANY LENDER, ANY ISSUING LENDER OR ANY OTHER PERSON OR ENTITY FOR DAMAGES OF ANY KIND, INCLUDING DIRECT OR INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES, LOSSES OR EXPENSES (WHETHER IN
TORT, CONTRACT OR OTHERWISE) ARISING OUT OF ANY LOAN PARTY’S OR THE ADMINISTRATIVE AGENT’S TRANSMISSION OF COMMUNICATIONS THROUGH THE INTERNET OR THE APPROVED ELECTRONIC PLATFORM, EXCEPT TO THE EXTENT DETERMINED BY A COURT OF COMPETENT
JURISDICTION IN A FINAL, NON-APPEALABLE ORDER TO HAVE RESULTED FROM SUCH PERSON’S OR ANY OF ITS RELATED PARTY’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT. 

“Communications”
means, collectively, any notice, demand, communication, information, document or other material provided by or on behalf of any Loan Party pursuant to any Loan Document or the transactions contemplated therein which is distributed by the
Administrative Agent, any Lender or any Issuing Lender by means of electronic communications pursuant to this Section, including through an Approved Electronic Platform. 

(e)
 Each Lender and the Issuing Lender agrees that notice to it (as provided in the next sentence) specifying
that Communications have been posted to the Approved Electronic Platform shall constitute effective delivery of the Communications to such Lender for purposes of the Loan Documents. Each Lender and Issuing Lender agrees (i) to notify the
Administrative Agent in writing (which could be in the form of electronic communication) from time to time of such Lender’s or Issuing Lender’s (as applicable) email address to which the foregoing notice may be sent by electronic transmission and
(ii) that the foregoing notice may be sent to such email address. 

  
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(f)
 Each of the Lenders, the Issuing Lender and the Borrower agrees that the Administrative Agent may, but
(except as may be required by applicable law) shall not be obligated to, store the Communications on the Approved Electronic Platform in accordance with the Administrative Agent’s generally applicable document retention procedures and
policies. 
 (g) Nothing
 herein shall prejudice the right of the Administrative Agent, any Lender or the Issuing Lender to give any notice or other communication pursuant to any Loan Document in any other manner specified in such Loan Document. 
 SECTION 9.3 Exculpatory Provisions. Neither the Administrative Agent nor any of its
officers, directors, employees, agents, attorneys-in-fact or affiliates shall be (i) liable for any action lawfully taken or omitted to be taken by it or such Person under or in connection with this Agreement or any other Loan Document (except
to the extent that any of the foregoing are found by a final and nonappealable decision of a court of competent jurisdiction to have resulted from its or such Person’s own gross negligence or willful misconduct) or (ii) responsible in any
manner to any of the Lenders for any recitals, statements, representations or warranties made by any Loan Party or any officer thereof contained in this Agreement or any other Loan Document or in any certificate, report, statement or other document
referred to or provided for in, or received by the Administrative Agent under or in connection with, this Agreement or any other Loan Document or for the value, validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or
any other Loan Document or for any failure of any Loan Party a party thereto to perform its obligations hereunder or thereunder. The Administrative Agent shall not be under any obligation to any Lender to ascertain or to inquire as to the observance
or performance of any of the agreements contained in, or conditions of, this Agreement or any other Loan Document, or to inspect the properties, books or records of any Loan Party. 

SECTION 9.4 Reliance by Administrative Agent. The Administrative Agent shall be entitled to rely, and shall be fully protected in
relying, upon any instrument, writing, resolution, notice, consent, certificate, affidavit, letter, facsimile, telex or teletype message, statement, order or other document or conversation believed by it to be genuine and correct and to have been
signed, sent or made by the proper Person or Persons and upon advice and statements of legal counsel (including counsel to the Loan Parties), independent accountants and other experts selected by the Administrative Agent. The Administrative Agent
may deem and treat the payee of any Note as the owner thereof for all purposes unless a written notice of assignment, negotiation or transfer thereof shall have been filed with the Administrative Agent. The Administrative Agent shall be fully
justified in failing or refusing to take any action under this Agreement or any other Loan Document unless it shall first receive such advice or concurrence of the Required Lenders (or, if so specified by this Agreement, all Lenders) as it deems
appropriate or it shall first be indemnified to its satisfaction by the Lenders against any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action. The Administrative Agent shall in all
cases be fully protected in acting, or in refraining from acting, under this Agreement and the other Loan Documents in accordance with a request of the Required Lenders (or, if so specified by this Agreement, all Lenders), and such request and any
action taken or failure to act pursuant thereto shall be binding upon all the Lenders and all future holders of the Loans. 

  
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 SECTION 9.5 Notice of Default. The Administrative Agent shall not be deemed to have
knowledge or notice of the occurrence of any Default or Event of Default hereunder unless the Administrative Agent has received notice from a Lender or the Borrower referring to this Agreement, describing such Default or Event of Default and stating
that such notice is a “notice of default”. In the event that the Administrative Agent receives such a notice, the Administrative Agent shall give notice thereof to the Lenders. The Administrative Agent shall take such action with respect
to such Default or Event of Default as shall be reasonably directed by the Required Lenders (or, if so specified by this Agreement, all Lenders); provided that unless and until the Administrative Agent shall have received such
directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable in the best interests of the Lenders. 

SECTION 9.6 Non-Reliance on Administrative Agent and Other Lenders; Erroneous Payments. (a) Each Lender expressly acknowledges that neither the
Administrative Agent nor any of its officers, directors, employees, agents, attorneys-in-fact or affiliates have made any representations or warranties to it and that no act by the Administrative Agent hereinafter taken, including any review of the
affairs of a Loan Party or any affiliate of a Loan Party, shall be deemed to constitute any representation or warranty by the Administrative Agent to any Lender. Each Lender and each Issuing Lender represents and warrants that (i) the Loan Documents set forth the terms of a commercial lending
facility, (ii) it is engaged in making, acquiring or holding commercial loans and in providing other facilities set forth herein as may be applicable to such Lender or Issuing Lender, in each case in the ordinary course of business, and not for
the purpose of purchasing, acquiring or holding any other type of financial instrument (and each Lender and each Issuing Lender agrees not to assert a claim in contravention of the foregoing). Each Lender further represents to the Administrative Agent 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 appraisal of, and investigation into, the business, operations, property, financial and other condition and creditworthiness of the Loan Parties and their affiliates and made its own decision to make its Loans hereunder and enter into
this Agreement. Each Lender
alsofurther
 represents 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 deem appropriate at the time,
continue to make its own credit analysis, appraisals and decisions in taking or not taking action under this Agreement and the other Loan Documents, and to make such investigation as it deems necessary to inform itself as to the business,
operations, property, financial and other condition and creditworthiness of the Loan Parties and their affiliates. Except for notices, reports and other documents expressly required to be furnished to the Lenders by the Administrative Agent
hereunder, the Administrative Agent shall not have any duty or responsibility to provide any Lender with any credit or other information concerning the business, operations, property, condition (financial or otherwise), prospects or creditworthiness
of any Loan Party or any affiliate of a Loan Party which may come into the possession of the Administrative Agent or any of its officers, directors, employees, agents, attorneys-in-fact or affiliates. 

  
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(b)
 (i) Each Lender hereby agrees that (x) if the
Administrative Agent notifies such Lender that the Administrative Agent has determined in its sole discretion that
any
funds received by such Lender from the Administrative Agent or any of its Affiliates (whether as a payment,
prepayment or repayment of principal, interest, fees or otherwise; individually and collectively, a “Payment”) were erroneously transmitted to such Lender (whether or not known to such Lender), and demands the return of such Payment (or a
portion thereof), such Lender shall promptly, but in no event later than one Business Day thereafter, return to the Administrative Agent the amount of any such Payment (or portion thereof) as to which such a demand was made in same day funds,
together with interest thereon in respect of each day from and including the date such Payment (or portion thereof) was received by such Lender to the date such amount is repaid to the Administrative Agent at the greater of the NYFRB Rate and a rate
determined by the Administrative Agent in accordance with banking industry rules on interbank compensation from time to time in effect, and (y) to the extent permitted by applicable law, such Lender shall not assert, and hereby waives, as to
the Administrative Agent, any claim, counterclaim, defense or right of set-off or recoupment with respect to any demand, claim or counterclaim by the Administrative Agent for the return of any Payments received, including without limitation any
defense based on “discharge for value” or any similar doctrine. A notice of the Administrative Agent to any Lender under this Section 8.06(c) shall be conclusive, absent manifest error. 

(ii)
 Each Lender hereby further agrees that if it receives a Payment from the Administrative Agent or any of its
Affiliates (x) that is in a different amount than, or on a different date from, that specified in a notice of payment sent by the Administrative Agent (or any of its Affiliates) with respect to such Payment (a “Payment Notice”) or
(y) that was not preceded or accompanied by a Payment Notice, it shall be on notice, in each such case, that an error has been made with respect to such Payment. Each Lender agrees that, in each such case, or if it otherwise becomes aware a
Payment (or portion thereof) may have been sent in error, such Lender shall promptly notify the Administrative Agent of such occurrence and, upon demand from the Administrative Agent, it shall promptly, but in no event later than one
(1) Business Day thereafter, return to the Administrative Agent the amount of any such Payment (or portion thereof) as to which such a demand was made in same day funds, together with interest thereon in respect of each day from and including
the date such Payment (or portion thereof) was received by such Lender to the date such amount is repaid to the Administrative Agent at the greater of the NYFRB Rate and a rate determined by the Administrative Agent in accordance with banking
industry rules on interbank compensation from time to time in effect. 

(iii)
 The Borrower and each other Loan Party hereby agrees that (x) in the event an erroneous Payment (or
portion thereof) are not recovered from any Lender that has received such Payment (or portion thereof) for any reason, the Administrative Agent shall be subrogated to all the rights of such Lender with respect to such amount and (y) an
erroneous Payment shall not pay, prepay, repay, discharge or otherwise satisfy any Obligations owed by the Borrower or any other Loan Party. 

  
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(iv)
 Each party’s obligations under this Section 9.6(b) shall survive the resignation or replacement
of the Administrative Agent or any transfer of rights or obligations by, or the replacement of, a Lender, the termination of the Commitments or the repayment, satisfaction or
discharge of all Obligations under any Loan Document. 
 SECTION 9.7
Indemnification. The Lenders agree to indemnify the Administrative Agent in its capacity as such (to the extent not reimbursed by the Borrower and without limiting the obligation of the Borrower to do so), ratably according to their respective
Aggregate Exposure Percentages in effect on the date on which indemnification is sought under this Section 9.7 (or, if indemnification is sought after the date upon which the Commitments shall have terminated and the Loans shall have been paid
in full, ratably in accordance with such Aggregate Exposure Percentages immediately prior to such date), from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements
of any kind whatsoever which may at any time (including at any time following the payment of the Loans) be imposed on, incurred by or asserted against the Administrative Agent in any way relating to or arising out of, the Commitments, this
Agreement, any of the other Loan Documents or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby or any action taken or omitted by the Administrative Agent under or in connection with
any of the foregoing; provided that no Lender shall be liable for the payment of any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements which are found by a
final and nonappealable decision of a court of competent jurisdiction to have resulted from the Administrative Agent’s gross negligence or willful misconduct. The agreements in this Section 9.7 shall survive the payment of the Loans and
all other amounts payable hereunder. 
 SECTION 9.8 Administrative Agent in Its Individual Capacity. The Administrative Agent and its
affiliates may make loans to, accept deposits from and generally engage in any kind of business with any Loan Party as though the Administrative Agent was not an Administrative Agent. With respect to its Loans made or renewed by it and with respect
to any Letter of Credit issued or participated in by it, the Administrative Agent shall have the same rights and powers under this Agreement and the other Loan Documents as any Lender and may exercise the same as though it were not an Administrative
Agent, and the terms “Lender” and “Lenders” shall include the Administrative Agent in its individual capacity. 

SECTION 9.9 Successor Administrative Agents. The Administrative Agent may resign as Administrative Agent upon 30 days’ notice to
the Lenders and the Borrower. If the Administrative Agent shall resign as Administrative Agent under this Agreement and the other Loan Documents, then the Required Lenders shall appoint from among the Lenders a successor agent for the Lenders, which
successor agent shall (unless an Event of Default under Section 8(a) or Section 8(f) with respect to the Borrower shall have occurred and be continuing) be subject to approval by the Borrower (which approval shall not be unreasonably
withheld or delayed), whereupon such successor agent shall succeed to the rights, powers and duties of the Administrative Agent, and the term “Administrative Agent” shall mean such successor agent effective upon such appointment and
approval, and the former Administrative Agent’s rights, powers and duties as Administrative Agent shall be terminated, without any other or further act or deed on the part of such former Administrative Agent or any of the parties to this
Agreement or any holders of the Loans. If no successor agent has accepted appointment as Administrative Agent by the date that is 30 days following a retiring Administrative Agent’s notice of resignation, the retiring Administrative
Agent’s resignation shall nevertheless thereupon become effective, and the Lenders shall assume and perform all of the duties of the Administrative Agent hereunder until such time, if any, as the Required Lenders appoint a successor agent as
provided for above. 

  
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 SECTION 9.10 Authorization to Release Liens. The Administrative Agent is hereby
irrevocably authorized by each of the Lenders to release any Lien covering any Property of the Borrower or any of its Restricted Subsidiaries that is the subject of a Disposition which is permitted by this Agreement, which has been consented to in
accordance with Section 10.1 or in accordance with Section 10.17. In furtherance of the foregoing and not in limitation thereof, no Hedging Agreement or Cash Management Agreement the obligations under which constitute Secured Hedging
Obligations or Secured Cash Management Obligations, respectively, will create (or be deemed to create) in favor of any Secured Party that is a party thereto any rights in connection with the management or release of any Collateral or of the
obligations of any Loan Party under this Agreement or any other Loan Document. By accepting the benefits of the Collateral, each Secured Party that is a party to any such Hedging Agreement or Cash Management Agreement shall be deemed to have
appointed the Administrative Agent to serve as administrative agent and collateral agent under the Loan Documents and agreed to be bound by the Loan Documents as a Secured Party thereunder, subject to the limitations set forth in this Section. 

SECTION 9.11 No Other Duties. Notwithstanding anything herein to the contrary, none of the Arrangers, the Lead Arranger, or the
syndication agent shall have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity, as applicable, as a Lender hereunder. 

ARTICLE X. 

MISCELLANEOUS 
 SECTION
10.1 Amendments and Waivers. Neither this Agreement, any other Loan Document, nor any terms hereof or thereof may be amended, supplemented or modified except in accordance with the provisions of this Section 10.1. The Required Lenders
and each Loan Party party to the relevant Loan Document may, or (with the written consent of the Required Lenders) the Administrative Agent and each Loan Party party to the relevant Loan Document may, from time to time, (a) enter into written
amendments, supplements or modifications hereto and to the other Loan Documents for the purpose of adding any provisions to this Agreement or the other Loan Documents or changing in any manner the rights of the Lenders or of the Loan Parties
hereunder or thereunder or (b) waive, on such terms and conditions as the Required Lenders, or the Administrative Agent, as the case may be, may specify in such instrument, any of the requirements of this Agreement or the other Loan Documents
or any Default or Event of Default and its consequences; provided that no such waiver and no such amendment, supplement or modification shall (i) forgive all or any portion of the principal amount or any accrued but unpaid
interest, or extend the final scheduled date of maturity of any Loan, extend the scheduled date of any amortization payment in respect of any Term
Loan, reduce the stated rate of any interest, fee or letter of credit commission payable hereunder or extend the scheduled date of any payment thereof, permit the duration of any Interest
Period to be beyond six months, or increase the amount or extend the expiration date of any Revolving Credit Lender’s Commitment in each case without the written consent of each Lender directly affected thereby (it being understood that
the waiver of interest accruing at the Default Rate shall not be subject to this clause (i); (ii) eliminate or reduce the voting rights of any Lender under this Section 10.1, reduce any percentage specified in the definition of Required Lenders, consent to the assignment or transfer by the
Borrower of any of its rights and obligations under this Agreement and the other Loan Documents, release all or substantially all of the Collateral or release all or substantially all of the Subsidiary Guarantor from their obligations under the
Guarantee and Collateral Agreement, in each case without the written consent of all Lenders; (iii) reduce the percentage specified in the definition of Majority Facility Lenders without the written consent of all Lenders under each affected
Facility; (iv) amend, modify or waive any provision of Section 2.18 without the written consent of the each Lender in respect of each Facility directly affected thereby; (v) reduce the amount of Net Cash Proceeds required to be applied to prepay Term Loans under this Agreement without the written consent of the Majority Facility Lenders
with respect to each affected Term Loan Facility[reserved]; (vi) amend, modify or waive any provision of Article IX without the written consent of the Administrative Agent; or (vii) amend, modify or waive any provision of Article III without the written consent
of the Issuing Lenders. Any such waiver and any such amendment, supplement or modification shall apply equally to each of the Lenders and shall be binding upon the Loan Parties, the Lenders, the Administrative Agent and all future holders of the
Loans. In the case of any waiver, the Loan Parties, the Lenders and the Administrative Agent shall be restored to their former position and rights hereunder and under the other Loan Documents, and any Default or Event of Default waived shall be
deemed to be cured and not continuing; but no such waiver shall extend to any subsequent or other Default or Event of Default, or impair any right consequent thereon. 

  
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 Notwithstanding the foregoing, this Agreement may be amended with the written consent of the
Borrower, the Administrative Agent and the Revolving Credit Lenders providing Extended Revolving Credit Commitments (as defined below) under the Extended Revolving Credit Facility (as defined below) to permit the extension of the Revolving Credit
Facility beyond the original Revolving Credit Termination Date (as extended, the “Extended Revolving Credit Facility”) and the Loans thereunder (“Extended Revolving Credit Loans” and the commitments thereunder,
“Extended Revolving Credit Commitments”); provided that (a) no Default or Event of Default has occurred and is continuing or would result from any such extension of the Revolving Credit Termination Date,
(b) the aggregate Extended Revolving Credit Commitment shall not exceed the Total Revolving Credit Commitments in effect immediately prior to any such extension without the consent of the Required Lenders, (c) no Revolving Credit Lender
shall have any obligation to participate in any extension described in this paragraph unless it agrees to do so in its sole discretion, (d) the Revolving Credit Commitments of any nonparticipating Revolving Credit Lender shall terminate and the
Revolving Credit Loans of such Lender shall be due and payable on the original Revolving Credit Termination Date or such other date specified by Article VIII and (e) all other terms applicable to such Extended Revolving Credit Loans (other than
terms relating to pricing) shall be substantially identical to those applicable to the Revolving Credit Loans. 
 Furthermore,
notwithstanding the foregoing, the Administrative Agent, with the consent of the Borrower, may amend, modify or supplement any Loan Document without the consent of any Lender or the Required Lenders in order to correct, amend or cure any ambiguity,
inconsistency or defect or correct any typographical error or other manifest error in any Loan Document. 

  
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 Notwithstanding anything in this Agreement (including, without limitation, this
Section 10.1) or any other Loan Document to the contrary, (i) this Agreement and the other Loan Documents may be amended to effect an incremental facility or refinancing facility pursuant to Section 2.28 or Section 2.26, as
applicable (and the Administrative Agent and the Borrower may effect such amendments to this Agreement and the other Loan Documents without the consent of any other party as may be necessary or appropriate, in the reasonable opinion of the
Administrative Agent and the Borrower, to effect the terms of any such incremental facility or refinancing facility); (ii) no Lender consent is required to effect any amendment or supplement to any intercreditor agreement or arrangement
permitted under this Agreement that is for the purpose of adding the holders of any Indebtedness as expressly contemplated by the terms of such other intercreditor agreement or arrangement permitted under this Agreement, as applicable (it being
understood that any such amendment or supplement may make such other changes to the applicable intercreditor agreement as, in the good faith determination of the Administrative Agent in consultation with the Borrower, are required to effectuate the
foregoing; provided that such other changes are not adverse, in any material respect, to the interests of the Lenders taken as a whole); provided, further, that no such agreement shall amend, modify or otherwise directly
and adversely affect the rights or duties of the Administrative Agent hereunder or under any other Loan Document without the prior written consent of the Administrative Agent; (iii) any provision of this Agreement or any other Loan Document may
be amended by an agreement in writing entered into by the Borrower and the Administrative Agent to (x) cure any ambiguity, omission, mistake, defect or inconsistency (as determined by the Administrative Agent and the Borrower) or (y) effect
administrative changes of a technical or immaterial nature (including to effect changes to the terms and conditions applicable solely to the Issuing Lender in respect of issuances of Letters of Credit) and such amendment shall be deemed approved by
the Lenders if the Lenders shall have received at least five Business Days’ prior written notice of such change and the Administrative Agent shall not have received, within five Business Days of the date of such notice to the Lenders, a written
notice from the Required Lenders stating that the Required Lenders object to such amendment; and (iv) guarantees, collateral documents and related documents executed by Loan Parties in connection with this Agreement may be in a form reasonably
determined by the Administrative Agent and may be, together with any other Loan Document, entered into, amended, supplemented or waived, without the consent of any other Person, by the applicable Loan Party or Loan Parties and the Administrative
Agent in its or their respective sole discretion, to (A) effect the granting, perfection, protection, expansion or enhancement of any security interest in any Collateral or additional property to become Collateral for the benefit of the Secured
Parties, (B) as required by local law or advice of counsel to give effect to, or protect any security interest for the benefit of the Secured Parties, in any property or so that the security interests therein comply with applicable requirements
of law, or (C) to cure ambiguities, omissions, mistakes or defects (as reasonably determined by the Administrative Agent and the Borrower) or to cause such guarantee, collateral security document or other document to be consistent with this
Agreement and the other Loan Documents. 
 Notwithstanding anything in this Agreement or any Security Document to the contrary, the
Administrative Agent may, in its sole discretion, grant extensions of time for the satisfaction of any of the requirements under Sections 6.9, 6.10 and 6.11 or any Security Documents in respect of any particular Collateral or any particular
Subsidiary if it determines that the satisfaction thereof with respect to such Collateral or such Subsidiary cannot be accomplished without undue expense or unreasonable effort or due to factors beyond the control of the Borrower and the Restricted
Subsidiaries by the time or times at which it would otherwise be required to be satisfied under this Agreement or any Security Document. 

  
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 SECTION 10.2 Notices. All notices, requests and demands to or upon the respective
parties hereto to be effective shall be in writing (including by facsimile or electronic mail), and, unless
otherwise expressly provided herein, shall be deemed to have been duly given or made when delivered, or three Business Days after being deposited in the mail, postage prepaid, or, in the case of facsimile or electronic mail notice, when received, addressed as follows in the case of the Borrower and the
Administrative Agent, as set forth in an administrative questionnaire delivered to the Administrative Agent in the case of the Lenders, or to such other address as may be hereafter notified by the respective parties hereto: 

 

					
	        	 	The Borrower:	 	Forrester Research, Inc.
		 		 	60 Acorn Park Drive
		 		 	Cambridge, MA 02140
		 		 	Attention: Michael Doyle
		 		 	Facsimile: 617-613-7139Christian Finn
		 		 	Telephone: 617-613-6181617-613-6129
		 		 	E-mail: mdoyle@forrester.comcfinn@forrester.com
			
		 	The Administrative	 	JPMorgan Chase Bank, N.A.
		 	Agent:	 	Agent Bank Services Group
		 		 	10 So. Dearborn, Floor L2S
		 		 	Chicago, IL 60603-2300
		 		 	Attention: Yuvette Owens
		 		 	Facsimile: 844-490-5663
		 	    Telephone: 312-385-7021
		 		 	Email: yuvette.owens@jpmorgan.com
			
		 	with a copy to:	 	JPMorgan Chase Bank, N.A.
		 		 	50 Rowes Wharf, 2nd Floor
		 		 	Boston, MA 02110
		 		 	Attention: Stacy Benham
		 		 	Telephone: 617-428-2172
		 		 	Email: stacy.c.benham@chase.com

 provided that any notice, request or demand to or upon the Administrative Agent or the Lenders shall not be
effective until received. 
 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. 

SECTION 10.3 No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of the Administrative Agent
or any Lender, any right, remedy, power or privilege hereunder or under the other Loan Documents shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or
further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law.

  
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 SECTION 10.4 Survival of Representations and Warranties. All representations and
warranties made hereunder, in the other Loan Documents and in any document, certificate or statement delivered pursuant hereto or in connection herewith shall survive the execution and delivery of this Agreement and the making of the Loans and any
other extensions of credit hereunder. 
 SECTION 10.5 Payment of Expenses; Indemnity; Limitation of Liability. A. The Borrower agrees (a) to
pay or reimburse the Administrative Agent, the Arrangers and the Lead Arranger for all their reasonable and documented out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment,
supplement or modification to, this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby, including
the reasonable and documented fees and disbursements of counsel to the Administrative Agent, the Arrangers and the Lead Arranger and filing and recording fees and expenses, with statements with respect to the foregoing to be submitted to the
Borrower at least two Business Days prior to the Closing Date (in the case of amounts to be paid on the Closing Date) and from time to time thereafter on a quarterly basis or such other periodic basis as the Administrative Agent shall deem
appropriate, (b) to pay or reimburse each Lender and the Administrative Agent for all its reasonable and documented costs and expenses incurred in connection with the enforcement or preservation of any rights under this Agreement, the other
Loan Documents and any such other documents, including the reasonable and documented fees and disbursements of counsel (including the allocated fees and expenses of in-house counsel) to each Lender and of counsel to the Administrative Agent,
(c) to pay, indemnify, and hold each Lender and the Administrative Agent harmless from, any and all recording and filing fees or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the
other Loan Documents and any such other documents, and (d) to pay, indemnify, and hold each Lender, the Administrative Agent and their respective officers, directors, trustees, employees, affiliates, agents and controlling persons (each, an
“indemnitee”) harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever (other than for loss of profits)
with respect to the execution, delivery, enforcement, performance and administration of this Agreement, the other Loan Documents and any such other documents, including any of the foregoing relating to the use of proceeds of the Loans or the
violation of, noncompliance with or liability under, any Environmental Law applicable to the operations of the Borrower, any of its Subsidiaries or any of the Properties and the reasonable and documented fees and expenses of legal counsel in
connection with claims, actions or proceedings by any indemnitee against any Loan Party under any Loan Document (all the foregoing in this clause (d), collectively, the “indemnified liabilities”); provided, that the Borrower shall have no
obligation hereunder to any indemnitee with respect to indemnified liabilities to the extent such indemnified liabilities arise from (x) to the extent they are found by a final, nonappealable judgment of a court of competent jurisdiction, the
gross negligence or willful misconduct of such indemnitee, (y) to the extent they are found by a final, nonappealable judgment of a court of competent jurisdiction, the breach of an indemnified person’s funding obligations or any other
material breach by the relevant indemnitee of its obligations under the Loan Documents or (z) any dispute brought by an indemnitee against any other indemnitee that does not involve an act or omission by the Borrower or any of its Affiliates
(other than any disputes against any indemnitee in its capacity as the Administrative Agent or Lead Arranger). Without limiting the foregoing, and to the extent permitted by applicable law, the Borrower agrees not to assert and to cause its
Subsidiaries not to assert, and hereby waives and agrees to cause its Subsidiaries to so waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages,
costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any indemnitee. All amounts due under this Section 10.5 shall be payable not later than 10 days
after written demand therefor. The agreements in this Article X shall survive repayment of the Loans and all other amounts payable hereunder. 

  
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B.
 To the extent permitted by applicable law (i) neither the Borrower nor any
other Loan Party shall assert, and the Borrower and each Loan Party hereby waives, any claim against the
Administrative Agent, any Arranger, any Issuing Lender and any Lender, and any Affiliate of any of the foregoing Persons (each such Person being called a “Lender-Related Person”) for any Liabilities arising from the use by others of
information or other materials (including, without limitation, any personal data) obtained through telecommunications, electronic or other information transmission systems (including the Internet), and (ii) no party hereto shall assert, and
each such party hereby waives, any losses, claims (including intraparty claims), demands, damages or liabilities of any kind against any other party hereto, on any theory of liability, for special, indirect, consequential or punitive damages (as
opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document, or any agreement or instrument contemplated hereby or thereby, the Transactions, any Loan or Letter of Credit or the
use of the proceeds thereof; provided that, nothing in this Section 10.5B shall relieve the Borrower or any Loan Party of any obligation it may have to indemnify an indemnitee, as provided in Section 10.5, against any special, indirect,
consequential or punitive damages asserted against such Indemnitee by a third party. 

SECTION 10.6 Successors and Assigns; Participations and Assignments. (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 the Issuing Lender that issues any Letter of Credit), except that (i) the Borrower may not assign or
otherwise transfer any of its rights or obligations hereunder 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); provided that a
merger, consolidation, amalgamation or similar transaction not prohibited by this Agreement shall not constitute and assignment or transfer by the Borrower, and (ii) no Lender may assign or otherwise transfer its rights or obligations hereunder
except in accordance with this Section 10.6. Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby (including any
affiliate of the Issuing Lender that issues any Letter of Credit), Participants (to the extent provided in paragraph (c) of this Section 10.6) and, to the extent expressly contemplated hereby, the affiliates of each of the Administrative
Agent, the Issuing Lender and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

  
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 (b) (i) Subject to the conditions set forth in paragraph (b)(ii) below, any
Lender may assign to one or more assignees (other than (A) a natural person (or any holding company, investment vehicle or trust for, or owned and operated for the primary benefit of, a natural person), (B) a Defaulting Lender, a
subsidiary of a Defaulting Lender or a Person who, upon becoming a Lender hereunder, would constitute a Defaulting Lender or a subsidiary of a Defaulting Lender, (C) a Disqualified Lender or (D) the Borrower or any of its Subsidiaries)
(each, an “Assignee”) all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitments and the Loans at the time owing to it) with the prior written consent (such consent not to be
unreasonably withheld, conditioned or delayed) of: 
  

	 	(A)	 the Borrower; provided that no consent of the Borrower shall be required for (1) an
assignment of Incremental Term Loans to a Lender, an affiliate of a Lender, an Approved Fund, (2) an assignment of Revolving Credit Commitments (and
associated Revolving Loans) to a Revolving Credit Lender or (3) if an Event of Default under Section 7clauses
(a) or 7(f) of Article VIII (with respect to the Borrower) has occurred and is continuing, any other Person;
provided further that the Borrower shall be deemed to have consented to any assignment of Incremental Term Loans unless the Borrower shall object
thereto by written notice to the Administrative Agent within 10 Business Days after having received notice thereof; 

  

	 	(B)	 the Administrative Agent; provided that no consent of the Administrative Agent shall be required for an
assignment of (x) any Revolving Credit Commitment to an Assignee that is a Revolving Credit Lender immediately prior to giving effect to such assignment or (y) all or any portion of aan Incremental Term Loan to a Lender, an affiliate of a Lender or an Approved Fund; and 

 

	 	(C)	 the Issuing Lender; provided that no consent of the Issuing Lender shall be required for an
assignment of (x) any Revolving Credit Commitment to an Assignee that is a Revolving Credit Lender immediately prior to giving effect to such assignment or (y) all or any portion of aan Incremental Term Loan. 

(ii) Assignments shall be subject to the following additional conditions: 

 

	 	(A)	 except in the case of an assignment to a Lender, an affiliate of a Lender or an Approved Fund or an assignment
of the entire remaining amount of the assigning Lender’s Commitments or Loans under any Facility, the amount of the Commitments or Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and
Assumption with respect to such assignment is delivered to the Administrative Agent) shall not be less than $5,000,000 with respect to the Revolving Credit Commitments and the Revolving Credit Loans or $1,000,000 with respect to the Incremental Term Loans (in each case, other than in the case of an assignment of all of a Lender’s interests under this Agreement), unless each of the Borrower
and the Administrative Agent otherwise consent; provided that (1) no such consent of the Borrower shall be required if an Event of Default has occurred and is continuing and (2) such amounts shall be aggregated in respect of
each Lender and its Affiliates or Approved Funds, if any; 

  
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	 	(B)	 each partial assignment shall be made as an assignment of a proportionate part of each of the assigning
Lender’s rights and obligations under this Agreement; provided that this clause shall not be construed to prohibit the assignment of a proportionate part of the assigning Lender’s rights and obligations in respect of the
Revolving Credit Commitments or Incremental Term Loans; 

  

	 	(C)	 the parties to each assignment shall execute and deliver to the Administrative
Agent (x) an Assignment and Assumption, or (y) to the extent applicable,
an agreement incorporating an Assignment and Assumption by reference pursuant to an Approved Electronic Platform as to which the Administrative Agent and the parties to the Assignment and Assumption are participants, together with a
processing and recordation fee of $3,500 (with only one such fee payable in connection with the simultaneous assignments to or by two or more Approved Funds that are administered or managed by the same entity or affiliated entities), unless the
Administrative Agent agrees to waive such fee in its sole discretion; and 

  

	 	(D)	 the Assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an administrative
questionnaire in which the Assignee designates one or more credit contacts to whom all syndicate-level information (which may contain material non-public information about the Borrower and its Affiliates and their related parties or their respective
securities) will be made available and who may receive such information in accordance with the assignee’s compliance procedures and applicable laws, including Federal and state securities laws. 

  
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 (iii) Subject to acceptance and recording thereof pursuant to paragraph
(b)(iv) below, from and after the effective date specified in each Assignment and Assumption the Assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and
obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an
Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.19, 2.20, 2.21 and 10.5,
except as provided in Section 2.24) with respect to facts and circumstances occurring prior to the effective date of such assignment; provided that, except to the extent otherwise expressly agreed by the affected parties, no
assignment by a Defaulting Lender will constitute a waiver or release of any claim against any party hereunder arising from that Lender’s having been a Defaulting Lender. Any assignment or transfer by a Lender of rights or obligations under
this Agreement that does not comply with this Section 10.6 shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with paragraph (c) of this
Section 10.6. 
 (iv) The Administrative Agent, acting for this purpose as an agent of the Borrower, shall maintain at
one of its offices in New York 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 Commitments of, and principal amount (and stated interest) of the Loans and
L/C Obligations owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive (absent manifest error), and the Borrower, the Administrative Agent, the Issuing
Lender and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for
inspection by the Borrower, the Issuing Lender and any Lender, at any reasonable time and from time to time upon reasonable prior notice. This Section 10.06(b)(iv) shall be construed so that all Loans are at all times maintained in
“registered form” within the meaning of Section 163(f), 871(h)(2) and 881(c)(2) of the Code and any related United States Treasury Regulations (or any other relevant or successor provisions of the Code or of such United States
Treasury Regulations). 
 (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 10.6 and any written
consent to such assignment required by paragraph (b) of this Section 10.6, the Administrative Agent shall accept such Assignment and Assumption and record the information contained therein in the Register. No assignment shall be effective
for purposes of this Agreement unless it has been recorded in the Register as provided in this paragraph. 

  
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 (c) (i) Any Lender may, without the consent of the Borrower or the
Administrative Agent, sell participations to one or more banks or other entities (a “Participant”) in all or a portion of such Lender’s rights and obligations under this Agreement (including all or a portion of its Commitments and the
Loans owing to it); provided that (A) such Lender’s obligations under this Agreement shall remain unchanged, (B) such Lender shall remain solely responsible to the other parties hereto for the performance of such
obligations and (C) the Borrower, the Administrative Agent, the Issuing Lender and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement.
Any agreement pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement;
provided that such agreement may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver that (1) requires the consent of each Lender directly affected thereby
pursuant to the proviso to the second sentence of Section 10.1 and (2) directly affects such Participant. Subject to paragraph (c)(ii) of this Section 10.6, the Borrower agrees that each Participant shall be entitled to the benefits
of, and subject to the limitations of, Sections 2.19, 2.20 and 2.21 to the same extent as if it were a Lender (subject to the limitations and requirements of those Sections (including Section 2.20(d)) applying to each Participant as if it were
a Lender, and it being understood that the documentation required under Section 2.20(d) shall be delivered to the participating Lender) and had acquired its interest by assignment pursuant to paragraph (b) of this Section 10.6, but to
no greater extent than such Lender. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 10.7(b) as though it were a Lender, but to no greater extent than such Lender; provided that
such Participant shall be subject to Section 10.7(a) as though it were a Lender. Each Lender that sells a participation, acting solely for this purpose as an agent of the Borrower, shall maintain a register on which it enters the name and
address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans or other obligations under this Agreement (the “Participant Register”); provided that
no Lender shall have any obligation to disclose all or any portion of the Participant Register to any Person (including the identity of any Participant or any information relating to a Participant’s interest in any Commitments, Loans, Letters
of Credit or its other obligations under any Loan Document) except to the extent that such disclosure is necessary to establish that such Commitment, Loan, Letter of Credit or other obligation is in registered form under Section 5f.103-1(c) of
the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest
error, and such Lender, each Loan Party and the Administrative Agent shall treat each person whose name is recorded in the Participant Register pursuant to the terms hereof as the owner of such
participation for all purposes of this Agreement, notwithstanding notice to the contrary. 
 (ii) A Participant
(x) shall agree to be subject to the provisions of Section 2.23 and Section 2.24 as if it were an assignee under paragraph (b) of this Section 10.6 and (y) shall not be entitled to receive any greater payment under
Sections 2.19 or 2.20 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant. No Participant shall be entitled to the benefits of Section 2.20 unless such Participant complies
with Section 2.20(d), (e), (f) and (h) as if it were a Lender. Each Lender that sells a participation agrees, at the Borrower’s request and expense, to use reasonable efforts to cooperate with the Borrower to effectuate the
provisions of Section 2.24 with respect to any Participant. 

  
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 (d) Any Lender may at any time pledge or assign a security interest in all
or any portion of its rights under this Agreement to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank, and this Section 10.6 shall not apply to any such pledge or assignment
of a security interest; provided that no such pledge or assignment of a security interest shall release a Lender from any of its obligations hereunder or substitute any such pledgee or Assignee for such Lender as a party hereto. 

(e) The Borrower, upon receipt of written notice from the relevant Lender, agrees to issue Notes to any Lender requiring Notes
to facilitate transactions of the type described in paragraph (d) above. 
 (f) The list of Persons identified in
writing by the Borrower to the Lead Arranger as “Disqualified Lenders” (i) shall be made available to the Lenders by posting on Intralinks/IntraAgency or another relevant 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) and (ii) shall be provided to any Lender upon request by such Lender to the Administrative Agent. 

SECTION 10.7 Adjustments; Set-off. (a) Except as otherwise provided in this Agreement with respect to a particular Facility, if
any Lender (a “Benefitted Lender”) shall at any time receive any payment of all or part of its Loans or the Reimbursement Obligations owing to it, or interest thereon, or receive any collateral in respect thereof (whether
voluntarily or involuntarily, by set-off, pursuant to events or proceedings of the nature referred to in Section 8(f), or otherwise), in a greater proportion than any such payment to or collateral received by any other Lender, if any, in
respect of such other Lender’s Loans or the Reimbursement Obligations owing to such other Lender, or interest thereon, such Benefitted Lender shall purchase for cash from the other Lenders a participating interest in such portion of each such
other Lender’s Loan and/or of the Reimbursement Obligations owing to each such other Lender, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefitted
Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from such
Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned, to the extent of such recovery, but without interest; provided further, that to the extent prohibited by applicable law as described in the
definition of “Excluded Swap Obligation”, no amounts received from, or set-off with respect to, any Subsidiary Guarantor shall be applied to any Excluded Swap Obligations of such Subsidiary Guarantor. 

(b) In addition to any rights and remedies of the Lenders provided by law, each Lender shall have the right, without prior
notice to the Borrower, any such notice being expressly waived by the Borrower to the extent permitted by applicable law, upon any amount becoming due and payable by the Borrower hereunder (whether at the stated maturity, by acceleration or
otherwise) to set-off and appropriate and apply against such amount any and all deposits (general or special, time or demand, provisional or final), in any currency, and any other credits, indebtedness or claims, in any currency, in each case
whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by such Lender or any branch or agency thereof to or for the credit or the account of the Borrower. Each Lender agrees promptly to notify the
Borrower and the Administrative Agent after any such setoff and application made by such Lender; provided that the failure to give such notice shall not affect the validity of such setoff and application. 

  
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 SECTION 10.8 Counterparts; Integration; Effectiveness; Electronic Execution. (a) This Agreement may be executed by one or more of the parties
to this Agreement on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed signature page of this Agreement by facsimileelectronic
mail or other electronic transmission shall be as effective as delivery of a manually executed counterpart hereof. A set of the copies of this Agreement signed by all the parties shall be lodged
with the Borrower and the Administrative Agent. 
 (b) Delivery
 of an executed counterpart of a signature page of (x) this Agreement, (y) any other Loan Document and/or (z) any document, amendment, approval, consent, information, notice (including any notice delivered pursuant to
Section 10.2), certificate, request, statement, disclosure or authorization related to this Agreement, any other Loan Document and/or the transactions contemplated hereby and/or thereby (each an “Ancillary Document”) that is an
Electronic Signature transmitted by telecopy, emailed pdf. or any other electronic means that reproduces an image of an actual executed signature page shall be effective as delivery of a manually executed counterpart of this Agreement, such other
Loan Document or such Ancillary Document, as applicable. The words “execution,” “signed,” “signature,” “delivery,” and words of like import in or relating to this Agreement, any other Loan Document and/or any
Ancillary Document shall be deemed to include Electronic Signatures, deliveries or the keeping of records in any electronic form (including deliveries by telecopy, emailed pdf. or any other electronic means that reproduces an image of an actual
executed signature page), each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be; provided that
nothing herein shall require the Administrative Agent to accept Electronic Signatures in any form or format without its prior written consent and pursuant to procedures approved by it; provided, further, without limiting the foregoing, (i) to
the extent the Administrative Agent has agreed to accept any Electronic Signature, the Administrative Agent and each of the Lenders shall be entitled to rely on such Electronic Signature purportedly given by or on behalf of the Borrower or any other
Loan Party without further verification thereof and without any obligation to review the appearance or form of any such Electronic Signature and (ii) upon the reasonable request of the Administrative Agent or any Lender, any Electronic
Signature shall be promptly followed by a manually executed counterpart. Without limiting the generality of the foregoing, the Borrower and each Loan Party hereby (A) agrees that, for all purposes, including without limitation, in connection
with any workout, restructuring, enforcement of remedies, bankruptcy proceedings or litigation among the Administrative Agent, the Lenders, the Borrower and the Loan Parties, Electronic Signatures transmitted by telecopy, emailed pdf. or any other
electronic means that reproduces an image of an actual executed signature page and/or any electronic images of this Agreement, any other Loan Document and/or any Ancillary Document shall have the same legal effect, validity and enforceability as any
paper original, (B) the Administrative Agent and each of the Lenders may, at its option, create one or more copies of this Agreement, any other Loan Document and/or any Ancillary Document in the form of an imaged electronic record in any format, which shall be deemed created in the
ordinary course of such Person’s business, and destroy the original paper document (and all such electronic records shall be considered an original for all purposes and shall have the same legal effect, validity and enforceability as a paper
record), (C) waives any argument, defense or right to contest the legal effect, validity or enforceability of this Agreement, any other Loan Document and/or any Ancillary Document based solely on the lack of paper original copies of this
Agreement, such other Loan Document and/or such Ancillary Document, respectively, including with respect to any signature pages thereto and (D) waives any claim against any Lender-Related Person for any Liabilities arising solely from the
Administrative Agent’s and/or any Lender’s reliance on or use of Electronic Signatures and/or transmissions by telecopy, emailed pdf. or any other electronic means that reproduces an image of an actual executed signature page, including
any Liabilities arising as a result of the failure of the Borrower and/or any Loan Party to use any available security measures in connection with the execution, delivery or transmission of any Electronic Signature. 

  
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 SECTION 10.9 Severability. Any provision of this Agreement which is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any
jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 
 SECTION 10.10 Integration.
This Agreement and the other Loan Documents represent the agreement of the Borrower, the Administrative Agent and the Lenders with respect to the subject matter hereof, and there are no promises, undertakings, representations or warranties by the
Administrative Agent or any Lender relative to subject matter hereof not expressly set forth or referred to herein or in the other Loan Documents. 

SECTION 10.11 GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT SHALL BE GOVERNED BY,
AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK; PROVIDED THAT (I) THE DETERMINATION OF THE ACCURACY OF ANY SPECIFIED ACQUISITION AGREEMENT REPRESENTATION AND WHETHER AS A RESULT OF THE
INACCURACY THEREOF THE BORROWER (OR ITS AFFILIATE) HAS THE RIGHT TO TERMINATE ITS (OR ITS AFFILIATE’S) OBLIGATIONS UNDER THE ACQUISITION AGREEMENT, OR DECLINE TO CONSUMMATE THE TRANSACTIONS CONTEMPLATED BY THE ACQUISITION AGREEMENT, (II) THE
INTERPRETATION OF THE DEFINITION OF “TARGET MATERIAL ADVERSE EFFECT” AND WHETHER A “TARGET MATERIAL ADVERSE EFFECT” HAS OCCURRED AND (III) THE DETERMINATION OF WHETHER THE ACQUISITION HAS BEEN CONSUMMATED IN ACCORDANCE WITH THE
TERMS OF THE ACQUISITION AGREEMENT SHALL, IN EACH CASE, BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF DELAWARE, REGARDLESS OF THE LAWS THAT MIGHT OTHERWISE GOVERN UNDER APPLICABLE PRINCIPLES OF CONFLICTS OF LAWS OF THE
STATE OF DELAWARE OR ANY OTHER JURISDICTION THAT WOULD CAUSE THE APPLICATION OF THE LAWS OF ANY JURISDICTION OTHER THAN THE LAWS OF THE STATE OF DELAWARE. 

  
 - 136 - 

 SECTION 10.12 Submission To Jurisdiction; Waivers. The Borrower, the Administrative
Agent and each Lender hereby irrevocably and unconditionally: 
 (a) submits for itself and its Property in any legal action
or proceeding relating to this Agreement and the other Loan Documents to which it is a party, or for recognition and enforcement of any judgment in respect thereof, to the exclusive jurisdiction of the courts of the State of New York, the courts of
the United States for the Southern District of New York, and appellate courts from any thereof, and, to the extent necessary to enforce the Administrative Agent’s or the Lenders’ rights under the Security Documents, courts where Collateral
may be located or deemed to be located; 
 (b) consents that any such action or proceeding may be brought in such courts and
waives any objection that it may now or hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same; 

(c) agrees that service of process in any such action or proceeding may be effected by mailing a copy thereof by registered or
certified mail (or any substantially similar form of mail), postage prepaid at its address set forth in Section 10.2 or at such other address of which the Administrative Agent shall have been notified pursuant thereto; 

(d) agrees that nothing herein shall affect the right to effect service of process in any other manner permitted by law or
shall limit the right to sue in any other jurisdiction; and 
 (e) waives, to the maximum extent not prohibited by law, any
right it may have to claim or recover in any legal action or proceeding referred to in this Section 10.12 any special, exemplary, punitive or consequential damages; provided the waiver set forth in this clause (e) shall not affect or limit
the Borrower’s obligations under Section 10.5. 
 SECTION 10.13 Acknowledgements. The Borrower hereby acknowledges that:

 (a) it has been advised by counsel in the negotiation, execution and delivery of this Agreement and the other Loan
Documents; 
 (b) [reserved]; and 

(c) no joint venture is created hereby or by the other Loan Documents or otherwise exists by virtue of the transactions
contemplated hereby among the Lenders or among the Borrower and the Lenders. 

  
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 SECTION 10.14 No Advisory or Fiduciary Responsibility. In connection with all aspects
of each transaction contemplated hereby (including in connection with any amendment, waiver or other modification hereof or of any other Loan Document), each Loan Party acknowledges and agrees that: (i) (A) the arranging and other services
regarding this Agreement provided by the Lenders are arm’s-length commercial transactions between the Borrower and its Affiliates, on the one hand, and the Lenders, on the other hand, (B) each Loan Party has consulted its own legal,
accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (C) each Loan Party is capable of evaluating, and understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other
Loan Documents; (ii) (A) each of the Lenders is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary
for the Borrower or any of its Affiliates, or any other Person and (B) no Lender has any obligation to the Borrower or any of its Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth
herein and in the other Loan Documents; and (iii) each of the Lenders and their respective Affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the Borrower and its Affiliates, and no
Lender has any obligation to disclose any of such interests to the Borrower or its Affiliates. To the fullest extent permitted by law, each Loan Party hereby waives and releases any claims that it may have against each of the Lenders with respect to
any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated hereby. 
 SECTION
10.15 WAIVERS OF JURY TRIAL. THE BORROWER, THE ADMINISTRATIVE AGENT AND EACH LENDER HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT
AND FOR ANY COUNTERCLAIM THEREIN. 
 SECTION 10.16 PATRIOT Act. Each Lender hereby notifies the Borrower that pursuant to the
requirements of the PATRIOT Act, it is required to obtain, verify and record information that identifies the Borrower, which information includes the name and address of the Borrower and other information that will allow such Lender to identify the
Borrower in accordance with the Act. 
 SECTION 10.17 Confidentiality. Each of the Administrative Agent, the Issuing Lender and each
Lender agrees to keep confidential all Information (as defined below); provided that nothing herein shall prevent the Administrative Agent, the Issuing Lender or any Lender from disclosing any such Information (i) to the
Administrative Agent, the Issuing Lender or any other Lender or any affiliate thereof in each case which is bound by this Section 10.16, (ii) to any Participant or Assignee (each, a “Transferee”) or any prospective Transferee or
any direct or indirect counterparty to any Hedging Agreement (or any professional advisor to such counterparty), in each case, which agrees to comply with the provisions of this Section 10.16, (iii) to its employees, directors, agents,
attorneys, accountants and other professional advisors or those of any of its affiliates who have been advised with respect to the confidentiality obligations hereof, (iv) upon the request or demand of any Governmental Authority having
jurisdiction over the Administrative Agent, the Issuing Lender or such Lender, (v) in response to any order of any court or other Governmental Authority or as may otherwise be required pursuant to any Requirement of Law, (vi) if required
to do so under applicable law in connection with any litigation or similar proceeding or in litigation to enforce this Agreement, (vii) which has been publicly disclosed other than in breach of this Section 10.16, (viii) to the
National Association of Insurance Commissioners or any similar organization or any nationally recognized rating agency that requires access to information about a Lender’s investment portfolio in connection with ratings issued with respect to
such Lender, (ix) in connection with the exercise of any remedy hereunder or under any other Loan Document, (x) if agreed by the Borrower in its sole discretion, (xi) to data service providers, including league table providers, that serve
the lending industry (but, in the case of this clause (xi), solely to the extent that (a) such Information is information about the terms of the financing contemplated hereby routinely provided by arrangers to data services providers and
(b) such Information is provided to such data service providers no earlier than the fifth Business Day after the Closing Date) or (xii) any actual or prospective counterparty to any Hedging Agreement relating to the Borrower or any
Subsidiary and its obligations hereunder or under any other Loan Document; provided that, if reasonably requested by the Borrower, the Administrative Agent, the Issuing Lender and the Lenders shall make commercially reasonable efforts
to determine, and inform the Borrower of, the Persons who received such Information. “Information” means all information received from a Loan Party, other than any such information that is available to the Administrative Agent, the Issuing
Lender or any Lender on a non-confidential basis prior to disclosure by such Loan Party; provided that in the case of Information received from a Loan Party after the date hereof, such Information is clearly identified at the time of
delivery as confidential. 

  
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 Each Lender acknowledges that information furnished to it pursuant to this Agreement may
include material non-public information concerning the Borrower and its Affiliates and their related parties or their respective securities, and confirms that it has developed compliance procedures regarding the use of material non- public
information and that it will handle such material non-public information in accordance with those procedures and applicable law, including Federal and state securities laws. 

All information, including requests for waivers and amendments, furnished by the Borrower or the Administrative Agent pursuant to, or in the
course of administering, this Agreement will be syndicate-level information, which may contain material non-public information about the Borrower and its Affiliates and their related parties or their respective securities. Accordingly, each Lender
represents to the Borrower and the Administrative Agent that it has identified in its administrative questionnaire a credit contact who may receive information that may contain material non-public information in accordance with its compliance
procedures and applicable law. 
 The Loan Parties consent to the publication by the Administrative Agent or any Lender of customary
“tombstone” advertising material relating to the transactions contemplated hereby using the name, product photographs, logo or trademark of the Loan Parties; provided that such name, product photographs, logo and trademark
are used solely in a manner that is neither intended to nor reasonably likely to harm or disparage the Loan Parties or their Subsidiaries or their respective reputations, goodwill or marks. 

SECTION 10.18 Releases. (a) (a) (a) Notwithstanding anything to the contrary
contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 10.1) to take any action
requested by the Borrower having the effect of releasing any Collateral or guarantee obligations (i) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in
accordance with Section 10.1 or (ii) under the circumstances described in paragraph (b) below. 

  
 - 139 - 

 (b) At such time as the Loans, the Reimbursement Obligations and the other
Obligations shall have been paid in full, the Commitments have been terminated and no Letters of Credit shall be outstanding, the Collateral shall be released from the Liens created by the Security Documents, and the Security Documents and all
obligations (other than those expressly stated to survive such termination) of the Administrative Agent and the Borrower or Subsidiary thereunder shall terminate, all without delivery of any instrument or performance of any act by any party, and all
rights to the Collateral shall revert to the Borrower and Subsidiaries. At the request and sole expense of the Borrower or Subsidiary following any such termination, the Administrative Agent shall deliver to the Borrower or Subsidiary any Collateral
held by the Administrative Agent thereunder, and execute and deliver to the Borrower or Subsidiary such documents as the Borrower or Subsidiary shall reasonably request to evidence such termination. 

SECTION 10.19 Acknowledgement and Consent to Bail-In of
EEAAffected Financial Institutions.
Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any EEAAffected Financial Institution arising under any Loan Document may be subject to the Write-Down and Conversion Powers of an
EEAthe applicable Resolution Authority and agrees
and consents to, and acknowledges and agrees to be bound by: 
 (a) the application of any Write-Down and Conversion
Powers by an EEAthe
applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an EEAAffected Financial Institution; and 
 (b) the effects of any Bail-In Action on any such
liability, including, if applicable: 
 (i) a reduction in full or in part or cancellation of any such liability; 

(ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEAAffected Financial Institution, its parent entity, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of
any rights with respect to any such liability under this Agreement or any other Loan Document; or 
 (iii) the
variation of the terms of such liability in connection with the exercise of the Write-Down and Conversion Powers of any EEAthe applicable Resolution Authority. 

SECTION 10.20 ERISA Matters. 

(a) Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and
(y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent and the Joint Lead Arrangers and their respective Affiliates, and not
to or for the benefit of the Borrower or any other Loan Party, that at least one of the following is and will be true: 
 (i)
such Lender is not using “plan assets” (within the meaning of Section 3(42) of ERISA or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) of one or more Benefit Plans in connection with the Loans or the
Commitments; 

  
 - 140 - 

 (ii) the prohibited transaction exemption set forth in one or more PTEs,
such as PTE 84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company general accounts), PTE 90-1 (a class
exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions
determined by in-house asset managers), is applicable so as to exempt from the prohibitions of Section 406 of ERISA and Section 4975 of the Code such Lender’s entrance into, participation in, administration of and performance of the
Loans, the Commitments and this Agreement; 
 (iii) (A) such Lender is an investment fund managed by a “Qualified
Professional Asset Manager” (within the meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and perform the Loans,
the Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Commitments and this Agreement satisfies the requirements of sub-sections (b) through (g) of Part I of
PTE 84-14 and (D) to the best knowledge of such Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in, administration of and performance of the
Loans, the Commitments and this Agreement; or 
 (iv) such other representation, warranty and covenant as may be agreed in
writing between the Administrative Agent, in its sole discretion, and such Lender. 
 (b) In addition, unless either
(1) sub-clause (i) in the immediately preceding clause (a) is true with respect to a Lender or (2) a Lender has provided another representation, warranty and covenant in accordance with sub-clause (iv) in the immediately
preceding clause (a), such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases
being a Lender party hereto, for the benefit of, the Administrative Agent and the Lead Arrangers and their respective Affiliates, and not to or for the benefit of the Borrower or any other Loan Party, that none of the Administrative Agent or the
Arrangers or any of their respective Affiliates is a fiduciary with respect to the assets of such Lender involved in the Loans, the Commitments and this Agreement (including in connection with the reservation or exercise of any rights by the
Administrative Agent under this Agreement, any Loan Document or any documents related to hereto or thereto). 

  
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SECTION
10.21 Acknowledgement Regarding Any Supported
QFCs. 
 (a) To
 the extent that the Loan Documents provide support, through a guarantee or otherwise, for Swap Agreements or any other agreement or instrument that is a QFC (such support “QFC Credit Support” and each such QFC a “Supported QFC”), the parties acknowledge
and agree as follows with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and
Title
II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations
promulgated thereunder, the “U.S. Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents and any Supported QFC may in fact be
stated to be governed by the laws of the State of New York and/or of the United States or any other state of the United States): 

(b) In
 the event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”) becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support
(and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the
transfer would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United
States. In the event a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any
QFC Credit Support that may be exercised against such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents
were governed by the laws of the United States or a state of the United States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the
rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support. 

[Remainder of this page intentionally left blank.] 

  
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 Schedule 1.1A 

Commitments 
 Revolving
Credit Commitment 
  

									
	 Lender
	  	Revolving Credit
Commitment	 	  	Revolving Credit Percentage	 
	 JPMorgan Chase Bank, N.A.
	  	$	60,000,000	 	  	 	40.00	% 
	 Bank of America, N.A.
	  	$	60,000,000	 	  	 	40.00	% 
	 Citizens Bank
	  	$	30,000,000	 	  	 	20.00	% 
		  	  
	  
	 	  	  
	  
	 
	 Total
	  	$	150,000,000.00	 	  	 	100.00	% 
		  	  
	  
	 	  	  
	  
	 

 EXHIBIT B 

FORM OF COMPLIANCE CERTIFICATE 

Dated as of [            ], 20[__] for the fiscal quarter ending
[            ], 20[__] 
 This Compliance Certificate is delivered
pursuant to Section 6.2(b) of the Credit Agreement, dated as of January 3, 2019 (as amended by that certain First Amendment to Credit Agreement, dated as of December 21, 2021, and as further amended, restated, amended and restated,
supplemented or otherwise modified from time to time, the “Credit Agreement”), among Forrester Research, Inc. (the “Borrower”), the Lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent.
Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. 

1. I am the duly elected, qualified and acting [Responsible Officer] of the Borrower. 

2. I have reviewed and am familiar with the contents of this Certificate. 

3. I have reviewed the terms of the Credit Agreement and the Loan Documents and have made or caused to be made under my supervision a review in
reasonable detail of the transactions and condition of the Borrower during the accounting period covered by the financial statements attached hereto as Annex 1 (the “Financial Statements”). Such review did not disclose the
existence during or at the end of the accounting period covered by the Financial Statements, and I have no knowledge of the existence, as of the date of this Certificate, of any Default or Event of Default[.][, except for the following:
                                         
   ] 
 4. Attached hereto as Annex 2 is the Consolidated Total Leverage Ratio and Consolidated Interest Coverage
Ratio and underlying calculations in connection therewith. 
 5. Attached hereto as Annex 3 is a calculation of (a)(i) all Capital
Expenditures relating to the HQ Property (the “HQ Capital Expenditures”) made during the period commencing on the First Amendment Effective Date and ending on the date of this Compliance Certificate (the “HQ Capital
Expenditures Period”) and (ii) the maximum amount of HQ Capital Expenditures still available to be made under Section 7.1(c)(i) of the Credit Agreement, and (b) all Capital Expenditures (excluding Capital Expenditures
relating to the HQ Property available to be made under Section 7.1(c)(i) of the Credit Agreement) made since the end of the fiscal year most recently ended. 

6. Attached hereto as Annex 4 is a list of any county or state within the United States not previously disclosed to the Administrative
Agent where any Loan Party keeps inventory or equipment in an amount in excess of $500,000 other than (x) equipment or inventory in transit in the ordinary course of business or (y) equipment that is out for repair in the ordinary course
of business. 
 7. Attached hereto as Annex 5 is a list of any Intellectual Property acquired by any Loan Party since [the date of the
most recent list delivered pursuant to Section 6.2(b)(ii)(y) of the Credit Agreement] that constitutes Collateral. 
 8. Attached hereto
as Annex 6 is a list describing any change in the jurisdiction of organization of any Loan Party. 
 [the remainder of this page is
left blank intentionally; signature page follows] 

  
 B-1 

 IN WITNESS WHEREOF, I have executed this Certificate this as of the date first written
above. 
  

			
	FORRESTER RESEARCH, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 B-2 

 Annex 1 

to Compliance Certificate 

Financial Statements 
 [Please see
attached.] 

  
 B-3 

 Annex 2 

to Compliance Certificate 
  

							
	 For the Test Period ended on [_________], 20[__] (the “Test Period”)

	
	Consolidated Total Leverage Ratio
	
	 A. Ratio of A to B =

		
	 A = Consolidated Funded Debt on such day
	  	$                        
		
	 B = Consolidated EBITDA for the Test Period
	  	$                        
	
	 [see attached]

	
	Consolidated Interest Coverage Ratio
	
	 B. Ratio of A to B =

		
	 A = Consolidated EBITDA for the Test Period
	  	$                        
		
	 B = Consolidated Interest Expense for the Test Period
	  	$                        

  
 B-4 

							
	Consolidated Net Income
		
	Net income (loss) of the Borrower and its Restricted Subsidiaries, determined on a consolidated basis in accordance with GAAP:	  	 $

		
	Consolidated Net Income = Net Income as adjusted for clauses (a) – (f) in definition of Consolidated Net Income by excluding:	  	
				
		  	(a)	  	any gain or loss (together with any related provision for taxes thereon), but, in the case of any loss, only to the	  	
		  		  	extent that such loss does not involve any current or future cash expenditure, realized in connection with (i) any	  	
		  		  	asset sale (other than asset sales in the ordinary course of business) or (ii) any disposition of any securities	  	
		  		  	(other than dispositions in the ordinary course of business) by the Borrower or any of its Restricted Subsidiaries,	  	
		  		  	shall be excluded,	  	 $

				
		  	(b)	  	any extraordinary gain or loss (together with any related provision for taxes thereon), shall be excluded,	  	 $

				
		  	(c)	  	any goodwill or other asset impairment charges or other asset write-offs or write downs, including any resulting	  	
		  		  	from the application of Accounting Standards Codification Nos. 350 and No. 360, and any expenses or charges	  	
		  		  	relating to the amortization of intangibles as a result of the application of Accounting Standards Codification	  	
		  		  	No. 805, shall be excluded,	  	 $

				
		  	(d)	  	any non-cash charges or expenses related to the repurchase of stock options to the extent not prohibited by this	  	
		  		  	Agreement, and any non-cash charges or expenses related to the grant, issuance or repricing of, or any	  	
		  		  	amendment or substitution with respect to, stock appreciation or similar rights, stock options, restricted stock, or	  	
		  		  	other Capital Stock or other equity based awards or rights or equivalent instruments, shall be excluded	  	 $

				
		  	(e)	  	gains and losses resulting solely from fluctuations in currency values and the related tax effects shall be excluded,	  	
		  		  	and charges relating to Accounting Standards Codification Nos. 815 and 820, shall be excluded, and	  	 $

				
		  	(f)	  	the income (or deficit) of any Person accrued prior to the date it becomes a Subsidiary or is merged into or	  	
		  		  	consolidated with the Borrower or any of its Restricted Subsidiaries shall be excluded.	  	 $

		  		  	Consolidated Net Income:	  	 $

		
	Consolidated EBITDA	  	
		
	Consolidated Net Income	  	
		
	(a)	  	increased (without duplication, to the extent the same were deducted or excluded (and not added back) in
		  	computing Consolidated Net Income) by:
				
		  	(i)	  	Consolidated Depreciation and Amortization Expense of such Person for such Test Period, plus	  	 $

				
		  	(ii)	  	Consolidated Interest Expense of such Person for such Test Period, together with items excluded from the	  	
		  		  	definition of Consolidated Interest Expense and any non-cash interest expense (including (w) fees and expenses	  	
		  		  	paid to the Administrative Agent in connection with its services under the Credit Agreement, (x) other bank,	  	
		  		  	administrative agency (or trustee) and financing fees (including rating agency fees), (y) costs of surety bonds in	  	
		  		  	connection with financing activities (whether amortized or immediately expensed) and (z) commissions,	  	
		  		  	discounts and other fees and charges owed with respect to letters of credit, bank guarantees, bankers’	  	
		  		  	acceptances or any similar facilities or financing and hedging agreements), plus	  	 $

				
		  	(iii)	  	Taxes paid and provision for Taxes based on income or profits or capital, including, without limitation, U.S.	  	
		  		  	federal, state, non-U.S., franchise, excise, value added, and similar Taxes and foreign withholding Taxes of such	  	
		  		  	Person paid or accrued during such Test Period, including any penalties and interest related to such Taxes or arising from any
		  		  	Tax examinations, plus	  	 $

				
		  	(iv)	  	the amount of any restructuring charges or reserve (including those relating to severance, relocation costs and	  	
		  		  	one-time compensation charges), costs incurred in connection with any non-recurring strategic initiatives and	  	
		  		  	other business optimization expenses (including incentive costs and expenses relating to business optimization	  	
		  		  	programs and signing, retention and completion bonuses and any implementation of enterprise resource planning	  	
		  		  	and technology initiatives (including any expense relating to the implementation of enhanced accounting or	  	
		  		  	information technology functions)); provided that the aggregate amount added back pursuant to this clause (iv),	  	
		  		  	together with the aggregate amount added back pursuant to clause (xii) below, shall not cumulatively exceed	  	
		  		  	20% of Consolidated EBITDA for any Test Period (with such calculation being made	  	
		  		  	before giving effect to any increase pursuant to this clause (iv)), plus	  	 $

			
		  	(v)	  	the amount of any (x) recruiting, signing, retention, completion bonuses and severance and (y) relocation costs, facilities start-up
		  		  	costs and transition costs, plus	  	 $

  
 B-5 

							
		  	(vi)	  	any extraordinary, unusual or non-recurring charges, expenses or losses (including, without limitation, losses on asset sales and
		  		  	litigation fees, costs, settlements, judgments and expenses), plus	  	 $

				
		  	(vii)	  	losses on Investments, plus	  	 $

			
		  	(viii)	  	any impairment charges and expense (including all unit-specific, brand, goodwill or other intangible impairment charges and
		  		  	expense), plus	  	 $

			
		  	(ix)	  	any expenses, fees, charges, or losses related to any equity offering, permitted Investment, Restricted Payment,
		  		  	acquisition, disposition, recapitalization, merger, or the incurrence of Indebtedness permitted to be incurred by
		  		  	this Agreement (including any refinancing, exchange or repayment thereof) (whether or not successful and
		  		  	including any such transaction consummated prior to the Closing Date), including (A) such fees, expenses, or
		  		  	charges related to the incurrence of the Loans under the Credit Agreement and all Transaction Costs (including
		  		  	the fees, expenses and disbursements of appraisers, consultants, advisors, brokers, accountants and counsel), (B)
		  		  	such fees, expenses, or charges related to the execution of the Loan Documents and any other credit facilities or
		  		  	debt issuances, and (C) any amendment, restatement, waiver or other modification of any Loan Document,	  	the
		  		  	Loans under the Credit Agreement or other Indebtedness (or the documentation related thereto), plus	  	 $

				
		  	(x)	  	non-cash compensation charges or other expenses or charges, plus	  	 $

			
		  	(xi)	  	any other non-cash charges, including any write offs, write downs, expenses, losses (provided that if any such
		  		  	non-cash charges represent an accrual or reserve for potential cash items in any future Test Period, the cash
		  		  	payment in respect thereof in such future Test Period shall be deducted from Consolidated EBITDA to such
		  		  	extent, and excluding amortization of a prepaid cash item that was paid in a prior Test Period), plus	  	 $

			
		  	(xii)	  	pro forma adjustments, including pro forma “run-rate” cost savings, operating expense reductions, operational
		  		  	improvements and other synergies related to (A) the Transactions that are reasonably identifiable and that are
		  		  	projected by the Borrower in good faith to result from actions either taken or with respect to which substantial
		  		  	steps have been take or are expected to be taken in the good faith determination of the Borrower within 12 months
		  		  	of the Closing Date and (B) any acquisition (including the commencement of activities constituting a business),
		  		  	disposition (including the termination or discontinuance of activities constituting a business) or other specified
		  		  	investment or transaction, or related to any restructuring initiative, cost savings initiative or other initiative that
		  		  	are reasonably identifiable and projected by the Borrower in good faith to result from actions that have been taken
		  		  	or with respect to which steps have been taken or are expected to be taken (in the good faith determination of the
		  		  	Borrower) within 12 months of the determination to take such action, in each case, net of the amount of actual
		  		  	benefits realized prior to or during such Test Period from such actions (which cost savings, operating expense
		  		  	reductions, operating enhancements and synergies shall be calculated on a Pro Forma Basis as though such cost
		  		  	savings, operating expense reductions, operating enhancements or synergies had been realized on the first day of
		  		  	such Test Period); provided that the aggregate amount added back pursuant to this clause (xii), together with the
		  		  	aggregate amount added back pursuant to clause (iv) above, shall not cumulatively exceed 20% of Consolidated
		  		  	EBITDA for any Test Period (with such calculation being made before giving	  	
		  		  	effect to any increase pursuant to this clause (xii)), plus	  	 $

			
		  	(xiii)	  	(x) all gains and charges as a result of, or in connection with, sales, dispositions or abandonments of assets
		  		  	outside the ordinary course of business (including, without limitation, asset retirement costs) and (y) charges
		  		  	from disposed, abandoned, divested and/or discontinued assets, Properties or operations and/or discontinued
		  		  	assets, Properties and operations (other than, at the option of the Borrower, assets or Properties or operations	  	
		  		  	pending the divestiture or termination thereof), plus	  	 $

		
		  	(xiv) earn-out obligations incurred in connection with any Material Acquisition or other Investment and paid or
		  		  	accrued during the applicable Test Period and any related expenses, plus	  	 $

			
		  	(xv)	  	(x) any expenses and charges that are reimbursable by a third party pursuant to indemnification or other similar
		  		  	provisions and actually reimbursed and (y) expenses and reimbursements with respect to liability or casualty	  	
		  		  	events or business interruption, to the extent covered by insurance and actually reimbursed, or, in each case of
		  		  	clauses (x) and (y) of this clause (xv), if not actually reimbursed, so long as the Borrower has a good faith
		  		  	expectation that such amounts will be received within the next four fiscal quarters (with a deduction for any
		  		  	amount so added back to the extent not so reimbursed within the next four fiscal quarters), plus	  	 $

		
		  	(xvi) any effects of adjustments resulting from the application of purchase accounting, purchase price accounting
		  		  	(including any step-up in inventory and loss of profit on the acquired inventory), plus	  	 $

			
		  	(xvii)	  	other items recorded under “other income expense” in the Borrower financial statements prepared in accordance
		  		  	with GAAP; provided that the aggregate amount added back pursuant to this clause (xvii) shall not exceed 5% of
		  		  	Consolidated EBITDA for any Test Period (with such calculation being made before giving effect to any
		  		  	increase pursuant to this clause (xvii)),	  	 $

  
 B-6 

							
	(b)	  	decreased by (without duplication):
		  	non-cash gains increasing Consolidated Net Income of such Person for such Test Period, excluding any non-cash gains
		  	which represent the reversal of any accrual of, or cash reserve for, anticipated cash charges that reduced Consolidated
		  	EBITDA in any prior Test Period other than non-cash gains relating to the application of Financial Accounting
		  	Standards Codification Topic 840 —Leases (formerly Financial Accounting Standards Board Statement No. 13);
		  	provided that, to the extent non-cash gains are deducted pursuant to this clause (b) for any previous Test Period and not
		  	otherwise added back to Consolidated EBITDA, Consolidated EBITDA shall be increased by the amount of any cash
		  	receipts (or any netting arrangements resulting in reduced cash expenses) in respect of such
		  	non-cash gains received in subsequent periods to the extent not already included therein; and	  	 $

		
	(c)	  	increased or decreased by (without duplication):
				
		  	(i)	  	any net gain or loss resulting in such Test Period from currency gains or other foreign exchange adjustments or	  	
		  		  	losses related to Indebtedness, intercompany balances, and other balance sheet items, plus or minus, as the case	  	
		  		  	may be, and	  	 $

				
		  	(ii)	  	any net gain or loss resulting in such Test Period from Swap Obligations, and the application of ASC 815 and its	  	
		  		  	related pronouncements and interpretations, or the equivalent accounting standard under GAAP or an alternative	  	
		  		  	basis of accounting applied in lieu of GAAP.	  	 $

				
		  		  	Consolidated EBITDA:	  	 $

  
 B-7 

 Annex 3 to 

Compliance Certificate 
  

			
	HQ Capital Expenditures calculated pursuant to Section 7.1(c)(i) of the Credit Agreement	  	
		
	HQ Capital Expenditures Period: First Amendment Effective Date through [            ], 20[__]	  	
		
	(a) Maximum amount of HQ Capital Expenditures permitted to be made under the Credit Agreement:	  	$25,000,000
		
	(b) Total aggregate HQ Capital Expenditures made since First Amendment Effective Date:	  	 $

		
	(c) Remaining amount of HQ Capital Expenditures still available to be made under the Credit Agreement ((a)-(b) above):	  	 $

		
	(d) Amount of HQ Capital Expenditures made in excess of (c) above (“Excess HQ CapEx”)	  	$
		
	Capital Expenditures calculated pursuant to Section 7.1(c)(ii) of the Credit Agreement (excluding HQ Capital Expenditures)	  	
		
	(a) Amount of any unused Capital Expenditures permitted to be made during the immediately preceding fiscal year1	  	 $

		
	(b) Maximum amount of Capital Expenditures permitted to be made during the current fiscal year ($20,000,000 plus ((a) multiplied by 50%))	  	 $

		
	(c) Total aggregate Capital Expenditures (including any Excess HQ CapEx) made since [            , 20__]2
(not to exceed the amount set forth in (b) above):	  	 $

  

	1 	 Pursuant to Section 7.1(c)(ii) of the Credit Agreement, the total amount of Capital Expenditures permitted
to be made during any fiscal year of the Borrower shall not exceed $20,000,000 (the “Fixed CapEx Amount”) and the amount of any unused Capital Expenditures determined pursuant to this clause (a) shall be calculated by reference to the
Fixed CapEx Amount without regard to any Additional CapEx Amount for any preceding fiscal year. Additional CapEx Amounts may be carried forward to the next succeeding fiscal year only. 

	2 	 Insert date that is the first day of the current fiscal year. 

  
 B-8 

 Annex 4 to 

Compliance Certificate 
 County or State within the
United States not previously disclosed to the Administrative Agent where any Loan Party keeps inventory or equipment in excess of $500,000 other than (x) equipment or inventory in transit in the ordinary course of business or (y) equipment
that is out for repair in the ordinary course of business. 
 [None] [or specify relevant changes, if any] 

  
 B-9 

 Annex 5 

to Compliance Certificate 

Intellectual Property Reporting Obligations 

U.S. REGISTERED COPYRIGHTS 
  

					
	 Registrations:

OWNER
	  	 REGISTRATION NUMBER
	  	 TITLE

		  		  	
		  		  	

 U.S. PATENTS AND PATENT APPLICATIONS 
  

							
	 OWNER
	  	 APPLICATION NUMBER
	  	 PATENT NUMBER
	  	 TITLE

		  		  		  	
		  		  		  	

 U.S. REGISTERED TRADEMARKS AND TRADEMARK APPLICATIONS 

 

							
	 OWNER
	  	 APPLICATION NUMBER
	  	 REGISTRATION

NUMBER
	  	 TRADEMARK

		  		  		  	
		  		  		  	

  
 B-10 

 Annex 6 

to Compliance Certificate 
 Change in Jurisdiction
of any Loan Party [None] [or specify relevant changes, if any] 

  
 B-11 

 EXHIBIT I 

FORM OF NOTICE OF BORROWING OR CONVERSION OR CONTINUATION1 

Date:                    ,
20     
  

	To:	 JPMORGAN CHASE BANK, N.A., as Administrative 

Agent Attn: [    ] 
 Ladies
and Gentlemen: 
 Reference is made to the Credit Agreement, dated as of January 3, 2019 (as amended, restated, amended and restated,
supplemented or otherwise modified from time to time, the “Credit Agreement”), among FORRESTER RESEARCH, INC., a Delaware corporation (the “Borrower”), the several lenders from time to time party thereto and
JPMORGAN CHASE BANK, N.A., as administrative agent (in such capacity, the “Administrative Agent”). Unless otherwise defined herein, capitalized terms used in this Notice shall have the meanings given to them in the Credit Agreement.

 Pursuant to [[Section 2.5][Section 2.13(a)][Section 2.13(b)]]2
of the Credit Agreement, the Borrower hereby requests the following [borrowing][conversion][continuation] of the Loans as specified below: 

Class of Loans to be [borrowed][converted][continued]3: 

[Revolving Credit Loans] 

[Incremental Term Loans] 

[Increased Revolving Credit Commitments] 

[Refinancing Term Loans] 

[Refinancing Revolving Credit Loans] 

(1) [Revolving Credit Loans: 
  

	 	(a)	 Amount of Revolving Credit Loan to be
$             .4 

  

	 	(b)	 Requested funding date is
                    , 202            .5 

  

	1 	 NTD: Joinder Agreement is unnecessary, new Subsidiaries become party to the GCA under the Form Assumption
Agreement which is attached to the GCA as Annex 1 thereto. 

	2 	 To be included as applicable. 

	3 	 To be included as applicable. 

	4 	 Shall be in a minimum amount of at least (i) with respect to a Borrowing of LIBOR Loans, $1,000,000 (or,
if less, the entire remaining aggregate Available Revolving Credit Commitments at the time of such Borrowing) and (ii) with respect to a Borrowing of ABR Loans, $1,000,000 (or, if less, the entire remaining aggregate Available Revolving Credit
Commitments at the time of such Borrowing). 

	5 	 Date of funding (must be a Business Day). 

  
 I-1 

	 	(c)	 $                 of
such borrowing is to be a LIBOR Loan; $             of such borrowing is to be an ABR Loan. 

 

	 	(d)	 [Length of Interest Period for LIBOR Loans is:
             month(s).]6 

  

	 	(e)	 Location and number of Borrower’s account[s] to which proceeds of borrowing are to be disbursed:
[    ]]7 

 (2) [convert
$             of ABR Loans in the name of the Borrower into LIBOR Loans with an Interest Period duration of
            8 month(s) on             .9 
 (3) convert
$             of LIBOR Loans in the name of the Borrower into ABR Loans on             .10]11 
 (4) [continue
$             of LIBOR Loans in the name of the Borrower with an Interest Period duration of             12 month(s) on
            .13]14 

[This Notice is conditioned on the consummation of [            ]15 and may be revoked by the Borrower by written notice to the Administrative Agent to the extent that such condition is not satisfied.]16 

[Signature Page Follows] 

 

	6 	 One, three or six (or if approved by the affected Lenders making such LIBOR Loans, a twelve month or shorter
period). 

	7 	 To be included in the case of a borrowing under the Revolving Credit Commitment. 

	8 	 One, three or six (or if approved by the affected Lenders making such LIBOR Loans, a twelve month or shorter
period). 

	9 	 Date of conversion (must be a Business Day). 

	10 	 Date of conversion (must be a Business Day). 

	11 	 To be included in the case of a conversion. 

	12 	 One, three or six (or if approved by the affected Lenders making such LIBOR Loans, a twelve month or shorter
period). 

	13 	 Date of continuation (must be a Business Day). 

	14 	 To be included in the case of a continuation. 

	15 	 Insert description of relevant transaction. 

	16 	 To be included for borrowings under the Revolving Credit Commitments that may be conditioned upon the
occurrence of a transaction pursuant to Section 2.5. 

  
 I-2 

 IN WITNESS WHEREOF, the undersigned has caused this notice to be duly executed as of the
date first written above. 
  

			
	FORRESTER RESEARCH, INC.
		
	By:	 	  

		 	Name:
		 	Title

  
 I-3

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