Document:

$400,000,000 Credit Agreement

 Exhibit 10(a) 

$400,000,000 

CREDIT AGREEMENT 

Dated as of June 22, 2010 

by and among 

BRINKER INTERNATIONAL, INC., 

as Borrower, 

BRINKER RESTAURANT CORPORATION, 

as Guarantor, 

The Banks Party Hereto 

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

 
  

BANC OF AMERICA SECURITIES LLC and 

J.P. MORGAN SECURITIES, INC., 

as Joint Lead Arrangers 

and Bookrunners 

JPMORGAN CHASE BANK, N.A., 

as Sole Syndication Agent 

REGIONS BANK, COMPASS BANK and WELLS FARGO BANK, N.A. 

as Co-Documentation Agents 
  

 TABLE OF CONTENTS 

 

					
	 	  	Page
		
	 ARTICLE I.         DEFINITIONS AND ACCOUNTING TERMS
	  	1
			
	 Section 1.01.
	 	Certain Defined Terms	  	1
			
	 Section 1.02.
	 	Computation of Time Periods	  	16
			
	 Section 1.03.
	 	Accounting Terms	  	16
			
	 Section 1.04.
	 	Miscellaneous	  	17
		
	ARTICLE II.        AMOUNTS AND TERMS OF THE ADVANCES	  	17
			
	 Section 2.01.
	 	The Advances	  	17
			
	 Section 2.02.
	 	Requests for Advances	  	18
			
	 Section 2.03.
	 	Borrowings; Advances; Termination of Eurodollar Rate Advances	  	18
			
	 Section 2.04.
	 	Conversions and Continuations of Borrowings	  	21
			
	 Section 2.05.
	 	Optional Termination and Reduction of the Revolving Credit Commitments	  	22
			
	 Section 2.06.
	 	Repayment and Prepayment of Advances; Notes	  	23
			
	 Section 2.07.
	 	Interest on Advances	  	24
			
	 Section 2.08.
	 	Interest Rate Determination	  	25
			
	 Section 2.09.
	 	Fees	  	25
			
	 Section 2.10.
	 	Payments; Computations; Interest on Overdue Amounts	  	25
			
	 Section 2.11.
	 	Consequential Losses on Eurodollar Rate Advances	  	26
			
	 Section 2.12.
	 	Increased Costs	  	27
			
	 Section 2.13.
	 	Replacement of Banks	  	27
			
	 Section 2.14.
	 	Illegality and Unavailability	  	28
			
	 Section 2.15.
	 	Taxes	  	29
			
	 Section 2.16.
	 	Payments Pro Rata	  	31
			
	 Section 2.17.
	 	Increase in Revolving Credit Commitments	  	32
			
	 Section 2.18.
	 	Defaulting Banks	  	32
		
	ARTICLE III.      CONDITIONS	  	34
			
	 Section 3.01.
	 	Conditions Precedent to Effectiveness	  	34
			
	 Section 3.02.
	 	Conditions Precedent to Each Borrowing	  	35
			
	 Section 3.03.
	 	Administrative Agent	  	36

  

 -i- 

					
	ARTICLE IV.     GUARANTY	  	36
			
	 Section 4.01.
	 	Guaranty	  	36
			
	 Section 4.02.
	 	Payment	  	36
			
	 Section 4.03.
	 	Waiver	  	37
			
	 Section 4.04.
	 	Acknowledgments and Representations	  	37
			
	 Section 4.05.
	 	Subordination	  	37
			
	 Section 4.06.
	 	Guaranty Absolute	  	38
			
	 Section 4.07.
	 	No Waiver; Remedies	  	38
			
	 Section 4.08.
	 	Continuing Guaranty	  	38
			
	 Section 4.09.
	 	Limitation	  	38
			
	 Section 4.10.
	 	Effect of Bankruptcy	  	38
		
	ARTICLE V.       REPRESENTATIONS AND WARRANTIES	  	39
			
	 Section 5.01.
	 	Corporate Existence	  	39
			
	 Section 5.02.
	 	Corporate Power	  	39
			
	 Section 5.03.
	 	Enforceable Obligations	  	39
			
	 Section 5.04.
	 	Financial Statements	  	40
			
	 Section 5.05.
	 	Litigation	  	40
			
	 Section 5.06.
	 	Margin Stock; Use of Proceeds	  	40
			
	 Section 5.07.
	 	Investment Company Act	  	40
			
	 Section 5.08.
	 	ERISA	  	40
			
	 Section 5.09.
	 	Taxes	  	41
			
	 Section 5.10.
	 	Environmental Condition	  	41
			
	 Section 5.11.
	 	Ownership of Guarantor	  	41
			
	 Section 5.12.
	 	Solvency	  	41
			
	 Section 5.13.
	 	Disclosure	  	41
		
	ARTICLE VI.      AFFIRMATIVE COVENANTS	  	42
			
	 Section 6.01.
	 	Compliance with Laws, Etc.	  	42
			
	 Section 6.02.
	 	Reporting Requirements	  	42
			
	 Section 6.03.
	 	Use of Proceeds	  	44
			
	 Section 6.04.
	 	Maintenance of Insurance	  	44
			
	 Section 6.05.
	 	Preservation of Corporate Existence, Etc.	  	44
			
	 Section 6.06.
	 	Payment of Taxes, Etc.	  	44
			
	 Section 6.07.
	 	Visitation Rights	  	44
			
	 Section 6.08.
	 	Compliance with ERISA and the Code	  	44

  

 -ii- 

					
	 ARTICLE VII.     NEGATIVE COVENANTS
	  	45
			
	 Section 7.01.
	 	Financial Covenants	  	45
			
	 Section 7.02.
	 	Negative Pledge	  	45
			
	 Section 7.03.
	 	Merger and Sale of Assets	  	45
			
	 Section 7.04.
	 	Agreements to Restrict Dividends and Certain Transfers	  	46
			
	 Section 7.05.
	 	Transactions with Affiliates	  	46
			
	 Section 7.06.
	 	Change of Business	  	47
			
	 Section 7.07.
	 	Limitation on Advances, Advances and Investments	  	47
			
	 Section 7.08.
	 	Accounting Practices	  	47
			
	 Section 7.09.
	 	Debt	  	47
		
	 ARTICLE VIII.   DEFAULTS
	  	48
			
	 Section 8.01.
	 	Defaults	  	48
		
	 ARTICLE IX.      THE ADMINISTRATIVE AGENT
	  	50
			
	 Section 9.01.
	 	Authorization and Action	  	50
			
	 Section 9.02.
	 	Administrative Agent’s Reliance, Etc.	  	50
			
	 Section 9.03.
	 	Knowledge of Defaults	  	51
			
	 Section 9.04.
	 	Rights of the Administrative Agent as a Bank	  	51
			
	 Section 9.05.
	 	Bank Credit Decision	  	51
			
	 Section 9.06.
	 	Successor Administrative Agent	  	52
			
	 Section 9.07.
	 	Joint Lead Arrangers and Bookrunners and Syndication Agent	  	52
			
	 Section 9.08.
	 	INDEMNIFICATION	  	52
		
	 ARTICLE X.       MISCELLANEOUS
	  	53
			
	 Section 10.01.
	 	Amendments, Etc.	  	53
			
	 Section 10.02.
	 	Notices, Etc.	  	54
			
	 Section 10.03.
	 	No Waiver; Remedies	  	54
			
	 Section 10.04.
	 	Costs, Expenses and Taxes	  	55
			
	 Section 10.05.
	 	Right of Set-off	  	56
			
	 Section 10.06.
	 	Bank Assignments and Participations	  	57
			
	 Section 10.07.
	 	Governing Law	  	59
			
	 Section 10.08.
	 	Interest	  	59
			
	 Section 10.09.
	 	Execution in Counterparts	  	60
			
	 Section 10.10.
	 	Survival of Agreements, Representations and Warranties, Etc.	  	61
			
	 Section 10.11.
	 	The Borrower’s Right to Apply Deposits	  	61

  

 -iii- 

					
	 Section 10.12.
	 	Confidentiality	  	61
			
	 Section 10.13.
	 	Binding Effect	  	62
			
	 Section 10.14.
	 	ENTIRE AGREEMENT	  	62
			
	 Section 10.15.
	 	USA PATRIOT ACT	  	63
			
	 Section 10.16.
	 	No Fiduciary Relationship	  	63
			
	 Section 10.17.
	 	Severability	  	63
			
	 Section 10.18.
	 	Waiver of Jury Trial	  	63

  

 -iv- 

			
	 EXHIBITS:
	 	
	 Exhibit A-1
	 	 Form of Revolving Credit Note

	 Exhibit A-2
	 	Form of Term Loan Note
	 Exhibit B
	 	Form of Notice of Borrowing
	 Exhibit C
	 	Form of Assignment
	 Exhibit D
	 	Form of Opinion of Counsel for the Borrower and the Guarantor
	 Exhibit E
	 	Form of U.S. Tax Compliance Certificate

 SCHEDULES:

  

			
	 Schedule I
	 	- Banks and Administrative Agent’s Offices; Certain Addresses for Notices
	 Schedule II
	 	- Borrower and Guarantor Addresses
	 Schedule III
	 	- Permitted Liens
	 Schedule IV
	 	- Agreements Restricting Dividends and Certain Transfers
	 Schedule V
	 	- GAAP Exceptions
	 Schedule VI
	 	- Investments
	 Schedule VII
	 	- Permitted Debt

  

 -v- 

 CREDIT AGREEMENT (this “Agreement”), dated as of June 22, 2010, by and
among BRINKER INTERNATIONAL, INC., a Delaware corporation (the “Borrower”), BRINKER RESTAURANT CORPORATION, a Delaware corporation (the “Guarantor”), the Banks party hereto, and BANK OF AMERICA, N.A., a national
banking association, as administrative agent (in such capacity, the “Administrative Agent”) for the Banks hereunder. 

The Borrower has requested that the Banks make loans to it in an aggregate principal amount not exceeding $400,000,000 at any one time
outstanding (consisting of $200,000,000 in Term Loan Advances (as hereinafter defined) and $200,000,000 in Revolving Credit Advances (as hereinafter defined)), and the Banks are prepared to make such loans upon and subject to the terms and
conditions hereof. Accordingly, the parties hereto agree as follows: 
 ARTICLE I. 

DEFINITIONS AND ACCOUNTING TERMS 

Section 1.01. Certain Defined Terms. As used in this Agreement, the following terms shall have the following meanings (such
meanings to be equally applicable to both the singular and plural forms of the terms defined): 
 “Accession
Agreement” has the meaning specified in Section 2.17. 
 “Administrative Agent” has the
meaning specified in the introduction hereto. 
 “Administrative Agent’s Office” means the Administrative
Agent’s address and, as appropriate, account as set forth on Schedule I, or such other address or account as the Administrative Agent may from time to time notify to the Borrower and the Banks. 

“Advance” means an advance by a Revolving Credit Bank or a Term Loan Bank as applicable, to the Borrower under Article
II in the form of a Term Loan Advance or a Revolving Credit Advance, as applicable. 
 “Affiliate” means any
Person that, directly or indirectly, controls, or is controlled by or under common control with, another Person. For the purposes of this definition, the terms “control”, “controlled by” and “under common control with”,
as used with respect to any Person, means the power to direct or cause the direction of the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise. Without
limiting the generality of the foregoing, a Subsidiary of a Person is an Affiliate of that Person. 

“Agreement” has the meaning specified in the introduction hereto. 

“Applicable Lending Office” means, with respect to each Bank, such Bank’s Domestic Lending Office in the case of a
Base Rate Advance, and such Bank’s Eurodollar Lending Office in the case of a Eurodollar Rate Advance. 

“Applicable Rate” means, for any day, with respect to (i) any Revolving Credit Advance consisting of a Eurodollar
Rate Advance or a Base Rate Advance or with respect to the facility 
  

 1 

 
fees payable hereunder, as the case may be, the applicable rate per annum set forth below under the caption “Revolving Credit Eurodollar Rate Spread”, “Revolving Credit Base Rate
Spread” or “Facility Fee Rate”, as the case may be, or (ii) any Term Loan Advance consisting of a Eurodollar Rate Advance or a Base Rate Advance, as the case may be, the applicable rate per annum set forth below under the caption
“Term Loan Eurodollar Rate Spread”, “Term Loan Base Rate Spread”, as the case may be, in the case of each of clauses (i) and (ii), based upon the Moody’s Rating and the S&P Rating: 

 

													
	 Rating Level
	  	 Ratings

(Moody’s/S&P)
	  	Facility
Fee Rate
(bps per
annum)	  	Revolving
Credit
Eurodollar
Rate
Spread
(bps
 per
annum)	  	Revolving
Credit
Base Rate
Spread
(bps
per
annum)	  	Term
Loan
Eurodollar
Rate
Spread
(bps
per
annum)	  	Term
Loan
Base Rate
Spread
(bps 
per
annum)
	 Rating Level 1
	  	3 Baa1 or BBB+	  	30.0	  	170.0	  	70.0	  	200.0	  	100.0
	 Rating Level 2
	  	Baa2 or BBB	  	35.0	  	190.0	  	90.0	  	225.0	  	125.0
	 Rating Level 3
	  	Baa3 and BBB-	  	40.0	  	210.0	  	110.0	  	250.0	  	150.0
	 Rating Level 4
	  	Baa3/BB+ or Ba1/BBB-	  	45.0	  	230.0	  	130.0	  	275.0	  	175.0
	 Rating Level 5
	  	£ Ba1 and BB+ or unrated	  	50.0	  	275.0	  	175.0	  	325.0	  	225.0

 For purposes of the foregoing,
(a) if a Moody’s Rating or an S&P Rating shall not be in effect (other than by reason of the circumstances referred to in the last sentence of this definition), then the applicable rating agency shall be deemed to have established a
rating in Rating Level 5 (as set forth in the table above); (b) if the Moody’s Rating and the S&P Rating shall fall within different Rating Levels, the Applicable Rate shall be based on the higher of the two ratings unless the ratings
differ by more than one Rating Level, in which case the Applicable Rate shall be based on the Rating Level one level above that corresponding to the lower rating (in each case, for which purposes, Rating Level 1 is the highest and Rating Level 5 is
the lowest); and (c) if the Moody’s Rating or the S&P Rating shall be changed (other than as a result of a change in the rating system of Moody’s or S&P), such change shall be effective as of the date on which it is first
publicly announced by Moody’s or S&P. Each change in the Applicable Rate shall apply during the period commencing on the effective date of such rating change and ending on the date immediately preceding the effective date of the next such
change. If the rating system of Moody’s or S&P shall change, or if either such rating agency shall cease to be in the business of rating corporate debt obligations, the Borrower and the Banks shall negotiate in good faith to amend this
definition to reflect such changed rating system or the unavailability of ratings from such rating agency and, pending the effectiveness of any such amendment, the Applicable Rate shall be determined by reference to the rating most recently in
effect prior to such change or cessation. 
  

 2 

 “Applicable Usury Laws” means the Texas Finance Code, any other law of the
State of Texas limiting interest rates and any applicable Federal law to the extent that it permits Banks to contract for, charge, reserve or receive a greater amount of interest than under the Texas Finance Code or other laws of the State of Texas.

 “Assignment” means an assignment and acceptance entered into by a Bank and an assignee, and accepted by the
Administrative Agent, in substantially the form of the attached Exhibit C. 
 “Availability Period”
means (i) with respect to Revolving Credit Advances, the period of time commencing on the Effective Date and ending on the Termination Date and (ii) with respect to Term Loan Advances, the Effective Date. 

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

“Bank of America Fee Letter” means the Fee Letter dated May 13, 2010 among the Borrower, Bank of America and Bank
of America Securities LLC. 
 “Banks” means the Revolving Credit Banks and the Term Loan Banks. 

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

“Base Rate Advance” means an Advance which bears interest as provided in Section 2.07(a)(i). 

“Base Rate Borrowing” means a Borrowing comprised of Base Rate Advances. 

“Board” means, as to any Person, the Board of Directors of the Person or the Executive Committee thereof. 

“Borrower” has the meaning specified in the introduction hereto. 

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

“Borrowing” means either (i) a borrowing consisting of simultaneous Revolving Credit Advances of the same Type to
the Borrower made by each of the Revolving Credit Banks pursuant to Section 2.01(a) or (ii) a borrowing consisting of simultaneous Term Loan Advances of the same Type to the Borrower made by each of the Term Loan Banks pursuant to
Section 2.01(b). 
  

 3 

 “Business Day” means any day other than a Saturday, Sunday or other day on
which commercial banks are authorized to close under the laws of, or are in fact closed in, the state where the Administrative Agent’s Office is located and, if such day relates to any Eurodollar Rate Advances, means any such day that is also a
London Banking Day. 
 “Capitalized Lease” means at any time, a lease with respect to which the lessee
thereunder is required concurrently to recognize the acquisition of an asset and the incurrence of a liability in accordance with GAAP. 

“Capitalized Lease Obligations” means, with respect to any Person for any period of determination, the amount of the
obligations of such Persons under Capitalized Leases which would be shown as a liability on a balance sheet of such Person prepared in accordance with GAAP. 

“Code” means, as appropriate, the Internal Revenue Code of 1986, as amended, or any successor Federal tax code, and any
reference to any statutory provision shall be deemed to be a reference to any successor provision or provisions. 

“Commitment” means a Term Loan Commitment or a Revolving Credit Commitment, as the context may require. 

“Commitment Letter” the Commitment Letter dated as of May 13, 2010 among the Borrower, Bank of America, JPMCB, and
the Joint Lead Arrangers. 
 “Confidential Information” has the meaning specified in Section 10.12.

 “Confidential Information Memorandum” means the Confidential Information Memorandum dated May 26, 2010,
relating to the credit facility provided for herein. 
 “Consolidated” refers to the consolidation of the
accounts of any Person and its Subsidiaries in accordance with GAAP. 
 “Controlled Group” means any group of
organizations within the meaning of Section 414(b), (c), (m), or (o) of the Code of which the Borrower or its Subsidiaries is a member. 

“Corporate Franchise” means the right or privilege granted by the state or government to the Person forming a
corporation, and their successors, to exist and do business as a corporation and to exercise the rights and powers incidental to that form of organization or necessarily implied in the grant. 

“Credit Documents” means this Agreement, the Notes, the Bank of America Fee Letter, the JPMCB Fee Letter, the Upfront
Fee Letter, and each other agreement, instrument or document executed by the Borrower or the Guarantor at any time in connection with this Agreement. 

“Debt” means, in the case of any Person, without duplication, (i) indebtedness of such Person for borrowed money,
(ii) obligations of such Person evidenced by bonds, debentures, notes or other similar instruments, (iii) Capitalized Lease Obligations, and (iv) obligations of 

 

 4 

 
such Person under or relating to letters of credit or guaranties in respect of, and obligations (contingent or otherwise) to purchase or otherwise acquire, or otherwise to assure a creditor
against loss in respect of, indebtedness or obligations of others of the kinds referred to in clauses (i) through (iii) of this definition. For the purposes of this Agreement, the term Debt shall not include any obligation of
the Borrower or the Guarantor incurred by entering into, or by guaranteeing, any transaction that is a rate swap, basis swap, forward rate transaction, commodity swap, commodity option, equity or equity index swap or option, foreign exchange
transaction, currency swap or option or any similar transaction. 
 “Debt to Cash Flow Ratio” has the meaning
specified in Section 7.01(b). 
 “Default” has the meaning specified in Section 8.01.

 “Defaulting Bank” means, subject to Section 2.18(b), any Bank that, as determined by the
Administrative Agent, (a) has failed to perform any of its funding obligations hereunder, including in respect of its Advances within three Business Days of the date required to be funded by it hereunder, (b) has notified the Borrower, the
Administrative Agent or any Bank that it does not intend to comply with its funding obligations or has made a public statement to that effect with respect to its funding obligations hereunder or under other agreements in which it commits to extend
credit, (c) has failed, within three Business Days after request by the Administrative Agent, to confirm in a manner satisfactory to the Administrative Agent that it will comply with its funding obligations, or (d) has, or has a direct or
indirect parent company that has, (i) become the subject of a proceeding under any law relating to bankruptcy, insolvency or reorganization or relief of debtors, (ii) had a receiver, conservator, trustee, administrator, assignee for the
benefit of creditors or similar Person charged with reorganization or liquidation of its business or a custodian appointed for it, or (iii) or taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in any
such proceeding or appointment; provided that a Bank shall not be a Defaulting Bank solely by virtue of the ownership or acquisition of any equity interest in that Bank or any direct or indirect parent company thereof by a governmental authority.

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

“Domestic Lending Office” means, with respect to any Bank, the office of such Bank specified as its “Domestic
Lending Office” opposite its name on Schedule I hereto or in an Assignment or such other office of such Bank as such Bank may from time to time specify to the Borrower and the Administrative Agent. 

“EBIT” means for any period, the Consolidated earnings of a Person during such period from continuing operations,
exclusive of (i) gains on sales of assets not in the ordinary course of business (to the extent such gains are included in earnings from continuing operations), (ii) any non-recurring, non-cash charges or losses not in the ordinary course
of business (to the extent such charges or losses are included in earnings from continuing operations), (iii) any non-cash expenses for such period resulting from the grant of stock options or other equity-based incentives to any director,
officer or employee of the Borrower or any Subsidiary pursuant to a written plan or agreement approved by the Board of the Borrower (to the extent such expenses are included in earnings from continuing operations) and (iv) extraordinary items,
as determined under GAAP, but without deducting federal, state, foreign and local income taxes and Interest Expense. 
  

 5 

 “EBITDA” means, for any period, the Consolidated earnings of a Person
during such period from continuing operations, exclusive of (i) gains on sales of assets not in the ordinary course of business (to the extent such gains are included in earnings from continuing operations), (ii) any non-recurring,
non-cash charges or losses not in the ordinary course of business (to the extent such charges or losses are included in earnings from continuing operations), (iii) any non-cash expenses for such period resulting from the grant of stock options
or other equity-based incentives to any director, officer or employee of the Borrower or any Subsidiary pursuant to a written plan or agreement approved by the Board of the Borrower (to the extent such expenses are included in earnings from
continuing operations) and (iv) extraordinary items, as determined under GAAP, but without deducting federal, state, foreign and local income taxes, Interest Expense, depreciation and amortization. 

“Effective Date” means the date on which the conditions set forth in Section 3.01 and
Section 3.02(a) shall have been satisfied (or waived in accordance with Section 10.01). 

“Eligible Assignee” means (i) a Bank or any Affiliate of any Bank; (ii) a commercial bank or financial
institution, in each case with an office in the United States of America acceptable to the Administrative Agent and, unless a Default has occurred and is continuing, the Borrower, such acceptance not to be unreasonably withheld, and (iii) a
finance company, insurance company or other financial institution (not already covered by clause (ii) of this definition) or fund (whether a corporation, partnership or other entity) which is engaged in making, purchasing or otherwise investing
in commercial loans in the ordinary course of its business, and having total assets in excess of $1,000,000,000, or any other Person, in each case, acceptable to the Administrative Agent and, unless a Default has occurred and is continuing and
except with respect to clause (i) herein, the Borrower in their discretion. Notwithstanding anything to the contrary contained herein, a Defaulting Bank shall not constitute an Eligible Assignee. 

“Environment” has the meaning set forth in 42 U.S.C. §9601(8) (1982). 

“Environmental Protection Statute” means any local, state or federal law, statute, regulation, order, consent decree or
other Governmental Requirement, domestic or foreign, arising from or in connection with or relating to the protection or regulation of the Environment, including, without limitation, those laws, statutes, regulations, orders, decrees and other
Governmental Requirements relating to the disposal, cleanup, production, storing, refining, handling, transferring, processing or transporting of Hazardous Waste, Hazardous Substances or any pollutant or contaminant, wherever located. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time, and the regulations
promulgated and rulings issued thereunder from time to time. 
 “Eurocurrency Liabilities” has the meaning
assigned to that term in Regulation D of the Board of Governors of the Federal Reserve System, as in effect from time to time. 
  

 6 

 “Eurodollar Lending Office” means, with respect to any Bank, the office of
such Bank specified as its “Eurodollar Lending Office” opposite its name on Schedule I hereto or in an Assignment (or, if no such office is specified, its Domestic Lending Office) or such other office of such Bank as such Bank
may from time to time specify to the Borrower and the Administrative Agent. 
 “Eurodollar Rate” means:

  

	 	(a)	for any Interest Period with respect to a Eurodollar Rate Advance, the rate per annum equal to (i) the British Bankers Association LIBOR Rate (“BBA
LIBOR”), as published by Reuters (or such other commercially available source providing quotations of BBA LIBOR as may be designated by the Administrative Agent from time to time) at approximately 11:00 a.m., London time, two London Banking
Days prior to the commencement of such Interest Period, for Dollar deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period or, (ii) if such rate is not available at such time for any
reason, the rate per annum determined by the Administrative Agent to be the rate at which deposits in Dollars for delivery on the first day of such Interest Period in same day funds in the approximate amount of the Eurodollar Rate Advance being
made, continued or converted and with a term equivalent to such Interest Period would be offered by Bank of America’s London Branch to major banks in the London interbank eurodollar market at their request at approximately 11:00 a.m. (London
time) two London Banking Days prior to the commencement of such Interest Period; and 

  

	 	(b)	for any interest calculation with respect to a Base Rate Advance on any date, the rate per annum equal to (i) BBA LIBOR, at approximately 11:00 a.m., London time
determined two London Banking Days prior to such date for Dollar deposits being delivered in the London interbank market for a term of one month commencing that day or (ii) if such published rate is not available at such time for any reason,
the rate per annum determined by the Administrative Agent to be the rate at which deposits in Dollars for delivery on the date of determination in same day funds in the approximate amount of the Base Rate Advance being made or maintained and with a
term equal to one month would be offered by Bank of America’s London Branch to major banks in the London interbank Eurodollar market at their request at the date and time of determination. 

“Eurodollar Rate Advance” means any Advance as to which the Borrower shall have selected an interest rate based upon the
Eurodollar Rate as provided in Article II. 
 “Eurodollar Rate Borrowing” means a Borrowing
comprised of Eurodollar Rate Advances. 
 “Eurodollar Rate Reserve Percentage” of any Bank for any Interest
Period for any Eurodollar Rate Advance means the reserve percentage applicable during such Interest Period (or if more than one such percentage shall be so applicable, the daily average of such percentages for those days in such Interest Period
during which any such percentage shall be so applicable) 
  

 7 

 
under regulations issued from time to time by the Board of Governors of the Federal Reserve System (or any successor) for determining the maximum reserve requirement (including, without
limitation, any emergency, supplemental or other marginal reserve requirement) for such Bank with respect to liabilities or assets consisting of or including Eurocurrency Liabilities having a term equal to such Interest Period. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Existing Revolving Credit Agreement” means the $215,000,000 Credit Agreement dated as of February 27, 2009, among
the Borrower, the Guarantor, certain financial institutions named therein and JPMCB, as Administrative Agent, as amended, amended and restated, supplemented or otherwise modified to the date hereof. 

“Existing Term Loan Agreement” means the $400,000,000 Loan Agreement dated as of October 24, 2007, among the
Borrower, the Guarantor, certain financial institutions named therein and Citibank, N.A., as Administrative Agent, as amended, amended and restated, supplemented or otherwise modified to the date hereof. 

“FASB ASC” means the Accounting Standards Codification of the Financial Accounting Standards Board. 

“Federal Funds Rate” means, for any day, the rate per annum equal to the weighted average of the rates on overnight
Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that (a) if
such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if no such rate is so published on such
next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to Bank of America on such day on such transactions as determined by the
Administrative Agent. 
 “Financial Officer” means the chief financial officer, the principal accounting
officer, any vice president or assistant vice president with accounting or financial responsibilities, or the treasurer or any assistant treasurer of the Borrower. 

“Foreign Subsidiary” means a Subsidiary of the Borrower organized under the laws of a jurisdiction other than the United
States of America. 
 “GAAP” means generally accepted accounting principles for financial reporting as in
effect from time to time in the United States of America, applied on a consistent basis. 
 “Governmental
Requirements” means all judgments, orders, writs, injunctions, decrees, awards, laws, ordinances, statutes, regulations, rules, Corporate Franchises, permits, certificates, licenses, authorizations and the like and any other requirements of
any government or any commission, board, court, agency, instrumentality or political subdivision thereof. 
  

 8 

 “Guaranteed Obligations” means all obligations of the Borrower to the Banks
and the Administrative Agent hereunder and under the Notes and any other Credit Document to which the Borrower is a party, whether for principal, interest, fees, expenses, indemnities or otherwise, and whether now or hereafter existing. 

“Guarantor” has the meaning specified in the introduction hereto. 

“Hazardous Substance” has the meaning set forth in 42 U.S.C. §9601(14) and shall also include each other
substance considered to be a hazardous substance under any Environmental Protection Statute. 
 “Hazardous
Waste” has the meaning set forth in 42 U.S.C. §6903(5) and shall also include each other substance considered to be a hazardous waste under any Environmental Protection Statute (including, without limitation, 40 C.F.R.
§261.3). 
 “Increasing Revolving Credit Bank” has the meaning specified in Section 2.17.

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

“Insufficiency” means, with respect to any Plan, the amount, if any, by which the present value of the vested benefits
under such Plan exceeds the fair market value of the assets of such Plan allocable to such benefits. 
 “Interest
Expense” means, with respect to any Person for any period of determination, its interest expense determined in accordance with GAAP, including, without limitation, all interest with respect to Capitalized Lease Obligations and all
capitalized interest, but excluding deferred financing fees. 
 “Interest Payment Date” means,
(i) (a) as to any Eurodollar Rate Advance, the last day of each Interest Period applicable to such Eurodollar Rate Advance and the Termination Date; provided, however, that if any Interest Period for a Eurodollar Rate Advance
exceeds three months, the respective dates that fall every three months after the beginning of such Interest Period shall also be Interest Payment Dates; and (b) as to any Base Rate Advance, the last Business Day of each March, June, September
and December and the Termination Date and (ii) as to any Advance, the earliest of (a) the Termination Date, (b) the date of demand therefor with respect to interest accruing under Section 2.07(b) and
Section 2.10(e), and (c) the date of any prepayment of any Advance, whether or not such prepayment is otherwise permitted hereunder 

“Interest Period” means as to each Eurodollar Rate Advance, the period commencing on the date such Eurodollar Rate
Advance is disbursed or converted to or continued as a Eurodollar Rate Advance and ending on the date one (1), two (2), three (3) or six (6) months thereafter, as selected by the Borrower in its Notice of Borrowing; provided that:

  

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

  

 9 

	 	(b)	any Interest Period pertaining to a Eurodollar Rate advance 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; 

 

	 	(c)	no Interest Period shall extend beyond the Termination Date; and 

  

	 	(d)	Interest Periods commencing on the same date for Eurodollar Rate Advances comprising the same Borrowing shall be of the same duration. 

Interest shall accrue from and including the first day of an Interest Period to but excluding the last day of an Interest Period. The Administrative
Agent shall promptly advise each Bank in writing of each Interest Period so selected by the Borrower with respect to each Borrowing. 

“Investments” has the meaning specified in Section 7.07. 

“JPMCB” means JPMorgan Chase Bank, N.A. 

“JPMCB Fee Letter” means the Fee Letter dated May 13, 2010 among the Borrower, JPMCB and J.P. Morgan Securities
Inc.. 
 “Joint Lead Arrangers” means Banc of America Securities LLC and J.P. Morgan Securities Inc., in their
capacities as joint lead arrangers and joint bookrunners for the credit facility provided for herein. 
 “Lien”
means any mortgage, lien, pledge, charge, deed of trust, security interest, encumbrance or other type of preferential arrangement to secure or provide for the payment of any obligation of any Person, whether arising by contract, operation of law or
otherwise (including, without limitation, the interest of a vendor or lessor under any conditional sale agreement, Capitalized Lease or other title retention agreement). 

“Liquid Investments” means: 
  

	 	(a)	direct obligations of, or obligations the principal of and interest on which are guaranteed or insured by, the United States of America or any agency or instrumentality
thereof; 

  

	 	(b)	 (i) negotiable or nonnegotiable certificates of deposit, time deposits, bankers’ acceptances or other similar banking arrangements maturing
within twelve (12) months from the date of acquisition thereof (“bank debt securities”), issued by (A) any Bank or any Affiliate of any Bank or (B) any other foreign or domestic bank, trust company or financial
institution which has a combined capital surplus and undivided profit of not less than $100,000,000 or the U.S. Dollar equivalent thereof, if at the time of deposit or purchase, such bank debt securities are rated not less than “BB”
(or the then equivalent) by the rating service of S&P or of Moody’s, (ii) commercial paper issued by (A) any Bank or any Affiliate of any Bank or (B) any other Person if at the time of purchase such commercial paper is

  

 10 

	 	 
rated not less than “A-2” (or the then equivalent) by the rating service of S&P or not less than “P-2” (or the then equivalent) by the rating service of Moody’s, or
upon the discontinuance of both of such services, such other nationally recognized rating service or services, as the case may be, as shall be selected by the Borrower or the Guarantor, (iii) debt or other securities issued by (A) any Bank
or Affiliate of any Bank or (B) or any other Person, if at the time of purchase such Person’s debt or equity securities are rated not less than “BB” (or the then equivalent) by the rating service of S&P or of Moody’s, or
upon the discontinuance of both such services, such other nationally recognized rating service or services, as the case may be, as shall be selected by the Borrower or the Guarantor and (iv) marketable securities of a class registered pursuant
to Section 12(b) or (g) of the Exchange Act; 

  

	 	(c)	repurchase agreements relating to investments described in clauses (a) and (b) above with a market value at least equal to the consideration
paid in connection therewith, with any Person who has a combined capital surplus and undivided profit of not less than $100,000,000 or the U.S. Dollar equivalent thereof, if at the time of entering into such agreement the debt securities of
such Person are rated not less than “BBB” (or the then equivalent) by the rating service of S&P or of Moody’s, or upon the discontinuance of both such services, such other nationally recognized rating service or services, as the
case may be, as shall be selected by the Borrower or the Guarantor; and 

  

	 	(d)	shares of any mutual fund registered under the Investment Company Act of 1940, as amended, which invests solely in underlying securities of the types described in
clauses (a), (b) and (c) above. 

 “London Banking Day” means any
day on which dealings in Dollar deposits are conducted by and between banks in the London interbank eurodollar market. 

“Majority Banks” means at any time Banks holding more than fifty percent (50%) of the sum of (i) the then
aggregate unpaid principal amount of all Advances held by the Banks, and (ii) the aggregate unused Total Revolving Credit Commitments; provided that any Commitment of, and the portion of any Advances held or deemed held by, any
Defaulting Bank shall be excluded for purposes of making a determination of Majority Banks. 
 “Material Adverse
Effect” means, relative to any occurrence whatsoever, any effect which (a) is material and adverse to the financial condition or business operations of the Borrower and its Subsidiaries, on a Consolidated basis, or (b) adversely
affects the legality, validity or enforceability of this Agreement or any Note, or (c) causes a Default. 

“Maximum Rate” means at the particular time in question the maximum non-usurious rate of interest which, under
Applicable Usury Law, may then be contracted for, taken, reserved, charged or received under this Agreement, the Notes or under any other agreement entered into in connection with this Agreement or the Notes. If such maximum non-usurious rate of
interest changes after the date hereof, the Maximum Rate shall, from time to time, be automatically increased or decreased, as the case may be, as of the effective date of each change in such maximum rate, in each case without notice to Borrower.

  

 11 

 “Moody’s” means Moody’s Investors Service, Inc. and any successor
thereto. 
 “Moody’s Rating” means, at any time, the Borrower’s corporate family rating then most
recently announced by Moody’s. 
 “Net Worth” of any Person means, as of any date of determination, the
excess of total assets of such Person over total liabilities, total assets and total liabilities each to be determined in accordance with GAAP. 

“Non-U.S. Bank” has the meaning specified in Section 2.15(e). 

“Note” means (i) with respect to Revolving Credit Advances, a promissory note of the Borrower payable to the order
of any Revolving Credit Bank, in substantially the form of Exhibit A-1 hereto, evidencing the aggregate indebtedness of the Borrower to such Revolving Credit Bank resulting from Revolving Credit Advances and (ii) with respect to
Term Loan Advances, a promissory note of the Borrower payable to the order of any Term Loan Bank, in substantially the form of Exhibit A-2 hereto, evidencing the aggregate indebtedness of the Borrower to such Term Loan Bank resulting
from Term Loan Advances. 
 “Notice of Borrowing” has the meaning specified in Section 2.02.

 “Obligated Party” has the meaning specified in Section 4.03. 

“Other Taxes” has the meaning specified in Section 2.15(b). 

“PBGC” means the Pension Benefit Guaranty Corporation (and any successor thereto). 

“Patriot Act” means the USA Patriot Act, Title III of Pub. L. 107-56, signed into law on October 26, 2001.

 “Permitted Liens” means, with respect to any Person, Liens: 

 

	 	(a)	for taxes, assessments or governmental charges or levies on property of such Person incurred in the ordinary course of business to the extent the failure to pay such
taxes, assessments or governmental charges or levies would not be in breach of Sections 6.01 and 6.06; 

  

	 	(b)	imposed by law, such as landlords’, carriers’, warehousemen’s and mechanics’ liens and other similar Liens arising in the ordinary course of
business securing obligations which are not overdue for a period of more than sixty (60) days or which are being contested in good faith and by appropriate proceedings; 

 

	 	(c)	 arising in the ordinary course of business (i) out of pledges or deposits under workers’ compensation laws, unemployment insurance, old age
pensions or other social security or retirement benefits, or similar legislation or to secure public or 

  

 12 

	 	 
statutory obligations of such Person or (ii) which were not incurred in connection with the borrowing of money and do not in the aggregate materially detract from the value or use of the
assets of the Borrower and its Subsidiaries in the operation of their business; 

  

	 	(d)	securing Debt existing on the date of this Agreement and listed on the attached Schedule III or reflected in the financial statements referenced in
Section 5.04, provided that the Debt secured by such Liens shall not be renewed, refinanced or extended if the amount of such Debt so renewed is greater than the outstanding amount of such Debt on the date of this Agreement;

  

	 	(e)	constituting easements, rights-of-way, restrictions and other similar encumbrances incurred in the ordinary course of business and encumbrances consisting of zoning
restrictions, easements, licenses, restrictions on the use of property or minor imperfections in title thereto which, in the aggregate, are not material 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 such Person; 

  

	 	(f)	securing judgments against such Person which are being appealed; 

  

	 	(g)	on real property acquired by such Person after the date of this Agreement and securing only Debt of such Person incurred to finance the purchase price of such property,
provided that any such Lien is created within one hundred eighty (180) days of the acquisition of such property; or 

  

	 	(h)	other than those Liens otherwise permitted above, Liens securing Debt of the Borrower and its Subsidiaries in an aggregate principal amount not in excess of five
percent (5.0%) of the Borrower’s Net Worth, on a Consolidated basis, as reflected on the most recent financial statements of the Borrower and its Consolidated Subsidiaries delivered to the Banks pursuant to Section 5.04 or
6.02. 

 “Person” means an individual, partnership, corporation, limited liability
company, limited liability partnership, business trust, joint stock company, trust, unincorporated association, joint venture or other entity, or a government or any political subdivision or agency thereof. 

“Platform” has the meaning specified in Section 6.02. 

“Plan” means an employee pension benefit plan within the meaning of Title IV of ERISA which is either
(a) maintained for employees of the Borrower, of any Subsidiary of the Borrower, or of any member of the Controlled Group, or (b) maintained pursuant to a collective bargaining agreement or any other arrangement under which more than one
employer makes contributions and to which the Borrower, any Subsidiary of the Borrower or any member of the Controlled Group is at the time in question making or accruing an obligation to make contributions or has within the preceding five plan
years made contributions. 
 “Private Bank” has the meaning specified in Section 6.02. 

 

 13 

 “Projections” has the meaning specified in Section 5.13.

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

“Rating” means the Moody’s Rating or the S&P Rating, as the case may be. 

“Rating Level” means the applicable rating level as set forth in the table under the definition of the Applicable Rate.

 “Register” has the meaning specified in Section 10.06(c). 

“Rent Expense” means, for any Person for any period of determination, such Person’s operating lease expense
computed in accordance with GAAP, including, without limitation, all contingent rentals, but excluding all common area maintenance expenses. 

“Revolving Credit Advance” means a revolving credit loan advance by a Revolving Credit Bank to the Borrower pursuant to
Section 2.01(a), as part of a Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Advance. 

“Revolving Credit Bank” means the Persons listed under the heading “Revolving Credit Banks” on the signature
pages hereof and each other Person that shall have become a party hereto as a “Revolving Credit Bank” pursuant to an Assignment or an Accession Agreement, other than any such Person that shall have ceased to be a party hereto pursuant to
an Assignment. 
 “Revolving Credit Commitment” of any Revolving Credit Bank means at any time, its obligation
to make Revolving Credit Advances in an aggregate amount up to and including the amount noted as the “Revolving Credit Commitment” set forth opposite such Revolving Credit Bank’s name on the signature pages hereof or in an Assignment,
as such amount may be terminated, reduced or increased pursuant to Section 2.05, Section 2.17, Section 8.01 or Section 10.06. 

“SEC” means the United States Securities and Exchange Commission (and any successor thereto). 

“SEC Filing” means a report or statement filed with the SEC pursuant to Section 13, 14, or 15(d) of the Exchange
Act and the regulations thereunder. 
 “Significant Subsidiary” means any Subsidiary which is a
“significant subsidiary” of the Borrower within the meaning of Rule 1-02 of Regulation S-X under the Exchange Act. 

“Solvent” means, with respect to any Person, 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 of such date, as such 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, as of such date, 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, (c) such Person will not have, as of such date, an unreasonably small capital with which to conduct its business, 

 

 14 

 
and (d) such Person will be able to pay its debts as they mature. For purposes of this definition, (i) “debt” means liability on a “claim”, and
(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. 
 “S&P” means Standard & Poor’s Rating Services or any successor
thereto. 
 “S&P Rating” means, at any time, the Borrower’s corporate credit rating then most recently
announced by S&P. 
 “Subsidiary” means, as to any Person, any corporation, limited liability company,
association or other business entity in which such Person or one or more of its Subsidiaries directly or indirectly through one or more intermediaries owns sufficient equity or voting interests to enable it or them (individually or as a group)
ordinarily, in the absence of contingencies, to elect a majority of the directors (or Persons performing similar functions) of such entity, and any partnership or joint venture if more than a fifty percent (50%) interest in the profits or
capital thereof is owned directly or indirectly by such Person, or by one or more of its Subsidiaries, or collectively by such Person and one or more of its Subsidiaries (unless such partnership can and does ordinarily take major business actions
without the prior approval of such Person or one or more of its Subsidiaries). Unless the context otherwise clearly requires, any reference to a “Subsidiary” is a reference to a direct or indirect Subsidiary of the Borrower. 

“Taxes” has the meaning specified in Section 2.15(a). 

“Termination Date” means the earliest of (i) June 22, 2015 (being the fifth anniversary of the date of this
Agreement) (ii) (a) the date of termination in whole of all of the Revolving Credit Commitments in accordance with Section 2.05, (b) the repayment of all of the aggregate Revolving Credit Advances of all Revolving Credit
Banks in accordance with Section 2.05 and Section 2.06 and (c) the repayment of all of the aggregate Term Loan Advances of all Term Loan Banks in accordance with Section 2.06 and (iii) the termination of
all Commitments pursuant to Section 8.01, provided that if such date shall not be a Business Day, the Termination Date shall be the immediately preceding Business Day. 

“Term Loan Bank” means the Persons listed under the heading “Term Loan Banks” on the signature pages hereof
and each other Person that shall have become a party hereto as a “Term Loan Bank” pursuant to an Assignment or an Accession Agreement, other than any such Person that shall have ceased to be a party hereto pursuant to an Assignment.

 “Term Loan Commitment” of any Term Loan Bank its obligation on the Effective Date to make Term Loan Advances
in an aggregate amount up to and including the amount noted as the “Term Loan Commitment” set forth opposite such Term Loan Bank’s name on the signature pages hereof or in an Assignment, as such amount may be terminated, reduced or
increased pursuant to Section 2.06, Section 8.01 or Section 10.06. 
  

 15 

 “Termination Event” means (i) a “reportable event”, as such
term is described in Section 4043 of ERISA (other than a “reportable event” not subject to the provision for 30 day notice to the PBGC), or an event described in Section 4062(e) of ERISA, or (ii) the withdrawal of the
Borrower or any member of the Controlled Group from a Plan during a plan year in which it was a “substantial employer”, as such term is defined in Section 4001(a)(2) of ERISA, or the incurrence of liability by the Borrower or any
member of the Controlled Group under Section 4064 of ERISA upon the termination of a Plan or Plan, or (iii) the distribution of a notice of intent to terminate a Plan pursuant to Section 4041(a)(2) of ERISA or the treatment of a Plan
amendment as a termination under Section 4041 of ERISA, or (iv) the institution of proceedings to terminate a Plan by the PBGC under Section 4042 of ERISA, or (v) any other event or condition which might constitute grounds under
Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Plan. 
 “Term
Loan Advance” means a term loan advance by a Term Loan Bank to the Borrower pursuant to Section 2.01(b), as part of a Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Advance. 

“Third Party Funds” has the meaning specified in Section 10.05. 

“Total Commitment” means, with respect to a Bank, at any time, the aggregate amount of the Revolving Credit Commitments
and Term Loan Commitments of such Bank, and with respect to all the Banks, at any time, the aggregate amount of the Revolving Credit Commitments and Term Loan Commitments of all Banks, in each case, as in effect at such time. 

“Total Revolving Credit Commitment” means, with respect to a Revolving Credit Bank, at any time, the aggregate amount of
the Revolving Credit Commitments of such Revolving Credit Bank, and with respect to all the Revolving Credit Banks, at any time, the aggregate amount of the Revolving Credit Commitments of all Revolving Credit Banks, in each case, as in effect at
such time. 
 “Type” means, with respect to any Advance, its character as either a Eurodollar Rate Advance or
Base Rate Advance. 
 “UFCA” means the Uniform Fraudulent Conveyance Act, as amended from time to time.

 “Upfront Fee Letter” means the Fee Letter dated May 13, 2010 among the Borrower, Bank of America, JPMCB
and the Joint Lead Arrangers. 
 “UFTA” means the Uniform Fraudulent Transfer Act, as amended from time to
time. 
 “U.S. Dollars” and “$” mean the lawful currency of the United States of America.

 Section 1.02. Computation of Time Periods. In this Agreement in the computation of periods of time from a specified
date to a later specified date, the word “from” means “from and including” and the words “to” and “until” each means “to but excluding.” 

Section 1.03. Accounting Terms. All accounting and financial terms not specifically defined herein and the compliance with each
covenant contained herein with respect to financial 
  

 16 

 
matters (unless a different procedure is otherwise set forth herein) shall be construed in accordance with GAAP. Notwithstanding the foregoing, for purposes of determining compliance with any
covenant (including the computation of any financial covenant) contained herein, Debt of the Borrower and its Subsidiaries shall be deemed to be carried at 100% of the outstanding principal amount thereof, and the effects of FASB ASC 825 and FASB
ASC 470-20 on financial liabilities shall be disregarded. If subsequent to the date hereof any change shall occur in GAAP or in the application thereof and such change shall affect the calculation of any financial covenant, or any other provision,
set forth herein, then if the Borrower, by notice to the Administrative Agent, shall request an amendment to any such financial covenant or other provision to eliminate the effect of such change on such financial covenant or other provision (or if
the Administrative Agent or the Majority Banks, by notice to the Borrower, shall request an amendment to any such financial covenant or other provision for such purpose), regardless of whether any such notice is given before or after such change in
GAAP or in the application thereof, then the parties hereto shall enter into negotiations in an effort to agree upon such an amendment and, until such notice shall have been withdrawn or such amendment shall have become effective in accordance
herewith, such financial covenant or other provision shall be calculated or interpreted on the basis of GAAP as in effect and applied immediately before such change shall have become effective. 

Section 1.04. Miscellaneous. 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 Articles and Sections of and Schedules and Exhibits to
this Agreement, unless otherwise specified. 
 ARTICLE II. 

AMOUNTS AND TERMS OF THE ADVANCES 

Section 2.01. The Advances. 

(a) Each Revolving Credit Bank, severally and for itself alone, on the terms and conditions hereinafter set forth, hereby agrees to make
Revolving Credit Advances to the Borrower from time to time on any Business Day prior to the Termination Date in an aggregate amount outstanding not to exceed at any time such Revolving Credit Bank’s Revolving Credit Commitment. Each Borrowing
of Revolving Credit Advances shall be in an aggregate amount of not less than $10,000,000 or an integral multiple of $1,000,000 in excess thereof, and shall consist of Revolving Credit Advances of the same Type made to the Borrower on the same day
by the Revolving Credit Banks ratably according to their respective Revolving Credit Commitments and in the case of Revolving Credit Advances that are Eurodollar Rate Advances, having the same Interest Period. Within the limits of each Revolving
Credit Bank’s Commitment, the Borrower may borrow, prepay pursuant to Section 2.06(c) and reborrow. 
 (b) Each
Term Loan Bank, severally and for itself alone, on the terms and conditions hereinafter set forth, hereby agrees to make Term Loan Advances to the Borrower solely on the Effective Date in an aggregate amount outstanding not to exceed at any time
such Term Loan Bank’s Term Loan Commitment. The Borrowing of Term Loan Advances shall consist of Term 
  

 17 

 
Loan Advances of the same Type made to the Borrower on the same day by the Banks ratably according to their respective Term Loan Commitments and in the case of Term Loan Advances that are
Eurodollar Rate Advances, having the same Interest Period. The Term Loan Advances are not revolving credit commitments and the Borrower shall have no right to re-borrow any amounts voluntarily or mandatory repaid or prepaid pursuant to this
Agreement. 
 Section 2.02. Requests for Advances. During the Availability Period, each Borrowing shall be made on
notice, given not later than 11:00 A.M. (New York City time) (a) in the case of a proposed Borrowing comprised of Eurodollar Rate Advances, at least three (3) Business Days prior to the date of the proposed Borrowing, and
(b) in the case of a proposed Borrowing comprised of Base Rate Advances, on the Business Day of the proposed Borrowing, by the Borrower to the Administrative Agent, which shall give to each Revolving Credit Bank or Term Loan Bank, as
applicable, prompt notice thereof by telecopy. Each such notice of a Borrowing (a “Notice of Borrowing”) shall be in writing (including by telecopy), in substantially the form of Exhibit B hereto, executed by the
Borrower. Each Notice of Borrowing shall refer to this Agreement and shall specify (i) whether the requested Borrowing is for a Revolving Credit Advance or a Term Loan Advance (or both solely in the case of Borrowings on the Effective Date),
(ii) the requested date of such Borrowing (which shall be a Business Day), (iii) the requested Type of Advances comprising such Borrowing, (iv) the requested aggregate principal amount of such Borrowing, and (v) in the case of a
Borrowing of a Eurodollar Rate Advance, the requested Interest Period for such Borrowing. 
 Section 2.03. Borrowings;
Advances; Termination of Eurodollar Rate Advances. (a) Revolving Credit Advances shall be made by the Revolving Credit Banks ratably in accordance with their respective Revolving Credit Commitments on the borrowing date of the Borrowing of
Revolving Credit Loans and Term Loan Advances shall be made by the Term Loan Banks ratably in accordance with their respective Term Loan Commitments on the Effective Date only, provided, however, that, in each case, the failure of any
Bank to make any Advance shall not in itself relieve any other Bank of its obligation to lend hereunder. 
 (b) Each Borrowing
shall be a Eurodollar Rate Borrowing or a Base Rate Borrowing. Each Bank may at its option make any Eurodollar Rate Advance by causing the Eurodollar Lending Office of such Bank to make such Advance, provided, however, that any
exercise of such option shall not affect the obligation of the Borrower to repay such Advance in accordance with the terms of this Agreement and the applicable Note, if any. Advances of more than one (1) interest rate option may be outstanding
at the same time, provided, however, that the Borrower shall not be entitled to request any Advances which, if made, would result in (i) for Revolving Credit Advances, an aggregate of more than ten (10) separate Revolving
Credit Advances of any Revolving Credit Bank being outstanding hereunder at any one time and (ii) for Term Loan Advances, an aggregate of more than five (5) separate Term Loan Advances of any Term Loan Bank being outstanding hereunder at
any one time. For purposes of the foregoing, (i) Eurodollar Rate Advances having different Interest Periods, regardless of whether they commence on the same date, shall be considered separate Eurodollar Rate Advances and (ii) Eurodollar
Rate Advances and Base Rate Advances, regardless of whether they commence on the same date, shall be considered separate Advances. 
  

 18 

 (c) Each Bank shall, before 1:00 P.M. (New York City time) on the borrowing date of
each requested Borrowing make available at its Applicable Lending Office for the account of the Administrative Agent at its address referred to in Section 10.02, in immediately available funds, such Bank’s ratable portion of such
requested Borrowing in accordance with its applicable Commitments. After the Administrative Agent’s receipt of such funds and upon satisfaction of the applicable conditions set forth in Article III, the Administrative Agent will
make such funds available to the Borrower not later than 2:00 P.M. (New York City time) at such account of the Borrower as the Borrower shall from time to time designate in a notice delivered to the Administrative Agent that is reasonably
acceptable to the Administrative Agent. If the applicable conditions set forth in Article III to any such Borrowing are not met, the Administrative Agent shall so notify the Banks making the Advances comprising such Borrowing and return
the funds so received to the respective Banks as soon as practicable. 
 (d) Notwithstanding anything in this Agreement to the
contrary: 
 (i) if any Bank shall, at least one (1) Business Day before the date of any requested Borrowing
to be made, notify the Administrative Agent that the introduction of or any change in or the interpretation of any law or regulation makes it unlawful, or that any central bank or other governmental authority asserts that it is unlawful, for such
Bank or its Eurodollar Lending Office to perform its obligations hereunder to make Eurodollar Rate Advances or to fund Eurodollar Rate Advances hereunder, the right of the Borrower to select Eurodollar Rate Advances for such Borrowing or any
subsequent Borrowing shall be suspended until such Bank shall notify the Administrative Agent that the circumstances causing such suspension no longer exist, and except as provided in clause (iv) below, each Advance comprising such
Borrowing shall be a Base Rate Advance; 
 (ii) if the Majority Banks shall, on or before the date any requested
Borrowing consisting of Eurodollar Rate Advances is to be made, notify the Administrative Agent that the Eurodollar Rate for such Eurodollar Rate Advances will not adequately reflect the cost to such Banks of making their respective Eurodollar Rate
Advances, the right of the Borrower to select the Eurodollar Rate for such Borrowing or any subsequent Borrowing shall be suspended until the Administrative Agent, at the request of the Majority Banks, shall notify the Borrower and the Banks that
the circumstances causing such suspension no longer exist, and except as provided in clause (iv) below, each Advance comprising such Borrowing shall be a Base Rate Advance; 

(iii) if the Administrative Agent determines that in connection with any request for a Eurodollar Rate Advance or a
conversion to or continuation thereof that Dollar deposits are not being offered to banks in the London interbank eurodollar market for the applicable amount and Interest Period of such Eurodollar Rate Advances or (b) adequate and reasonable
means do not exist for determining the Eurodollar Rate for any requested Interest Period with respect to a proposed Eurodollar Rate Advance or in connection with an existing or proposed Base Rate Advance, (A) the Administrative Agent shall
forthwith notify the Borrower and the Banks that the interest rate cannot be determined for such Eurodollar Rate Advances, (B) the right of the Borrower to select Eurodollar Rate Advances for such Borrowing or any subsequent Borrowing shall be
suspended until the 
  

 19 

 
Administrative Agent shall notify the Borrower and the Banks that the circumstances causing such suspension no longer exist, and (C) each Advance comprising such Borrowings shall be a Base
Rate Advance; 
 (iv) if the Borrower has requested a proposed Borrowing consisting of Eurodollar Rate Advances
and as a result of circumstances referred to in clauses (i) and (ii) above, such Borrowing would not consist of Eurodollar Rate Advances, the Borrower may, by notice given reasonably prior to the time of such proposed
Borrowing, cancel such Borrowing, in which case such Borrowing shall be canceled and no Advances shall be made as a result of such requested Borrowing; and 

(v) if the Borrower shall fail to select the duration or continuation of any Interest Period for any Advances consisting
of Eurodollar Rate Advances, in accordance with the provisions contained in Section 2.04(b) and in this Section 2.03(d), the Administrative Agent will promptly so notify the Borrower and the Banks and such Advances will be
made available to the Borrower on the date of such Borrowing as Base Rate Advances. 
 (e) Each Notice of a Borrowing shall be
irrevocable and binding on the Borrower, except as set forth in Section 2.03(d)(iv). In the case of any Eurodollar Rate Advance requested by the Borrower in a Notice of Borrowing, the Borrower shall, unless the second following sentence
shall be applicable, indemnify each Bank against any loss, cost or expense incurred by such Bank if such Eurodollar Rate Advance is not made, including as a result of any failure to fulfill, on or before the date specified in such Notice of
Borrowing for such Borrowing, the applicable conditions set forth in Article III, including, without limitation, any loss (including loss of anticipated profits), cost or expense incurred by reason of the liquidation or reemployment of
deposits or other funds acquired by such Bank to fund such Advance to be made by such Bank as part of such Borrowing when such Advance, as a result of such failure, is not made on such date. A certificate in reasonable detail as to the basis for and
the amount of such loss, cost or expense submitted to the Borrower and the Administrative Agent by such Bank shall be prima facie evidence of the amount of such loss, cost or expense. If a Borrowing requested by the Borrower to be comprised of
Eurodollar Rate Advances is not made as a Borrowing comprised of Eurodollar Rate Advances as a result of Section 2.03(d), the Borrower shall indemnify each Bank against any loss (excluding loss of profits), cost or expense incurred by
such Bank by reason of the liquidation or reemployment of deposits or other funds acquired by such Bank (prior to the time such Bank is actually aware that such Borrowing will not be so made), to fund the Advance to be made by such Bank as part of
such Borrowing. A certificate in reasonable detail as to the basis for and the amount of such loss, cost or expense submitted to the Borrower and the Administrative Agent by such Bank shall be prima facie evidence of the amount of such loss, cost or
expense. 
 (f) Unless the Administrative Agent shall have received notice from a Bank prior to the date of any Borrowing that
such Bank will not make available to the Administrative Agent such Bank’s ratable portion of such Borrowing, the Administrative Agent may assume that such Bank has made such portion available to the Administrative Agent on the date of such
Borrowing in accordance with Section 2.02 and the Administrative Agent may, in reliance upon such assumption, make available to the Borrower requesting such Borrowing on such date a

  

 20 

 
corresponding amount. If and to the extent that such Bank shall not have so made such ratable portion available to the Administrative Agent, such Bank and the Borrower severally agree to repay to
the Administrative Agent forthwith on demand such corresponding amount together with interest thereon, for each day from the date such amount is made available to the Borrower until the date such amount is repaid to the Administrative Agent, at
(i) in the case of the Borrower, the interest rate applicable at the time to Advances comprising such Borrowing and (ii) in the case of such Bank, the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in
accordance with banking industry rules on interbank compensation, plus any administrative, processing or similar fees customarily charged by the Administrative Agent in connection with the foregoing. If such Bank shall repay to the Administrative
Agent such corresponding amount, such amount so repaid shall constitute such Bank’s Advance as part of such Borrowing for purposes of this Agreement. 

(g) The failure of any Bank to make any Advance to be made by it as part of any Borrowing shall not relieve any other Bank of its
obligation, if any, hereunder to make its Advance on the date of such Borrowing, but no Bank shall be responsible for the failure of any other Bank to make any Advance to be made by such other Bank on the date of any Borrowing. 

Section 2.04. Conversions and Continuations of Borrowings. (a) Subject to the limitations set forth in
Section 2.03(b) and Section 2.03(d), the Borrower shall have the right at any time upon prior irrevocable notice to the Administrative Agent not later than 11:00 A.M. (New York City time) three (3) Business Days
prior to the date of conversion or continuation, to convert any Borrowing which constitutes a Base Rate Borrowing into a Eurodollar Rate Borrowing, to convert any Borrowing which constitutes a Eurodollar Rate Borrowing into a Base Rate Borrowing or,
to continue any Borrowing constituting a Eurodollar Rate Borrowing for an additional Interest Period, subject in each case to the following: 

(A) each conversion or continuation shall be made pro rata among the Revolving Credit Banks or the Term Loan Banks, as
applicable, in accordance with the respective principal amounts of the applicable Advances comprising the converted or continued Borrowing; 

(B) if less than all the outstanding principal amount of any Borrowing shall be converted or continued, the aggregate
principal amount of such Borrowing converted or continued shall be in an amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof; 

(C) accrued interest on any Advance (or portion thereof) being converted or continued shall be paid by the Borrower at the
time of conversion or continuation; 
 (D) if any Eurodollar Rate Borrowing is converted at a time other than the
end of the Interest Period applicable thereto, the Borrower shall pay, upon demand, any amounts due to the Revolving Credit Banks or Term Loan Banks, as applicable, pursuant to Section 2.03(e) and Section 2.06(e) as a result
of such conversion; 
  

 21 

 (E) no Interest Period may be selected for any Eurodollar Rate Borrowing
that would end later than the Termination Date; 
 (F) no Default shall have occurred and be continuing at the
time of, or result from, such conversion or continuation; and 
 (G) each such conversion or continuation shall
constitute a representation and warranty by the Borrower and the Guarantor that no Default (i) has occurred and is continuing at the time of such conversion or continuation, or (ii) would result from such conversion or continuation.

 (b) Each notice pursuant to Section 2.04(a) shall be irrevocable, shall be in writing (or telephone notice
promptly confirmed in writing) and shall refer to this Agreement and specify (i) the identity and amount of the Borrowing that the Borrower requests be converted or continued, (ii) whether such Borrowing is to be converted to or continued
as a Eurodollar Rate Borrowing or a Base Rate Borrowing, (iii) if such notice requests a conversion, the date of such conversion (which shall be a Business Day) and (iv) if such Borrowing is to be converted to or continued as a Eurodollar
Rate Borrowing, the Interest Period with respect thereto. If no Interest Period is specified in any such notice with respect to any conversion to or continuation as a Eurodollar Rate Borrowing, the Borrower shall be deemed to have selected an
Interest Period of one (1) month’s duration. The Administrative Agent shall promptly advise the Revolving Credit Banks or Term Loan Banks, as applicable, of any notice given pursuant to Section 2.04(a) and of each applicable
Revolving Credit Bank or Term Loan Bank’s portion of any converted or continued Borrowing. If the Borrower shall not have given notice in accordance with Section 2.04(a) to continue any Eurodollar Rate Borrowing into a subsequent
Interest Period (and shall not otherwise have given notice in accordance with Section 2.04(a) to convert such Eurodollar Rate Borrowing), such Eurodollar Rate Borrowing shall, at the end of the Interest Period applicable thereto (unless
repaid pursuant to the terms hereof), automatically be continued as a Base Rate Borrowing. For the avoidance of doubt, no notice shall be required for a Base Rate Borrowing to continue as a Base Rate Borrowing. 

Section 2.05. Optional Termination and Reduction of the Revolving Credit Commitments. 

(a) The Borrower shall have the right, upon at least three (3) Business Days’ notice to the Administrative Agent, to terminate
in whole or reduce in part the unused portions of the Total Revolving Credit Commitments, provided that (a) each partial reduction shall be in the aggregate amount of at least $10,000,000 and in an integral multiple of $1,000,000 in
excess thereof, (b) the aggregate amount of the Revolving Credit Commitments of each Revolving Credit Bank shall not be reduced to an amount which is less than the aggregate principal amount of the Revolving Credit Advances of such Revolving
Credit Bank then outstanding, and (c) no Notice of Borrowing has been delivered and is in effect that would result in aggregate Revolving Credit Advances being outstanding in an aggregate amount in excess of the Total Revolving Credit
Commitment thereafter. Such notice shall specify the date and the amount of the reduction or termination of the Total Revolving Credit Commitment. Any such reduction or termination of the Total Revolving Credit Commitment shall be made ratably among
the Revolving Credit Banks in accordance with their respective Revolving Credit Commitments and 
  

 22 

 
shall be permanent. Simultaneously with any termination of the Total Revolving Credit Commitment, the Borrower shall pay to the Administrative Agent for the accounts of the Revolving Credit Banks
the accrued and unpaid facility fee as set forth in Section 2.09(a). 
 Section 2.06. Repayment and Prepayment of
Advances; Notes. 
 (a) The Borrower agrees to repay all of the Advances in full on the Termination Date. 

(b) The Borrower shall repay to the Term Loan Banks, the aggregate principal amount equal to $5,000,000 on the last day of each calendar
quarter commencing September 30, 2010 on account of Term Loan Advances, ratably in accordance with the Term Loan Commitments of the Term Loan Banks, together with accrued interest to the date of such repayment on the principal amount repaid and
all fees and amounts, if any, required to be paid under this Agreement, including, without limitation, pursuant to Section 2.06(e) and Section 2.11 as a result of such repayment; provided, however, that the
final principal repayment installment of the Term Loan Advances shall be repaid in full in cash on the Termination Date and in any event shall be in an amount equal to the aggregate principal amount of all Term Loan Advances of all Term Loan Banks
outstanding on such Termination Date. 
 (c) The Borrower may, upon at least one (1) Business Day’s notice in respect
of Base Rate Advances, and, in respect of Eurodollar Rate Advances, upon at least three (3) Business Days’ notice, to the Administrative Agent stating the proposed date (which shall be a Business Day) and aggregate principal amount of the
prepayment, and if such notice is given, the Borrower shall, prepay the outstanding principal amounts of Revolving Credit Advances or Term Loan Advances comprising part of the same Borrowing in whole or ratably in accordance with applicable
Commitments of the applicable Banks, together with accrued interest to the date of such prepayment on the principal amount prepaid and all fees and amounts, if any, required to be paid under this Agreement, including, without limitation, pursuant to
Section 2.06(e), Section 2.09(a) and Section 2.11 as a result of such prepayment, provided, however, that each partial prepayment of Revolving Credit Advances or Term Loan Advances, as applicable,
pursuant to this Section 2.06(c) shall be in an aggregate principal amount not less than $10,000,000 for each Revolving Credit Advance and for each Term Loan Advance so prepaid and increments of $1,000,000 in excess thereof and in an
aggregate principal amount such that after giving effect thereto no Borrowing of Revolving Credit Advances or Term Loan Advances comprised of Base Rate Advances shall have a principal amount outstanding of less than $5,000,000 and no Borrowing of
Revolving Credit Advances or Term Loan Advances comprised of Eurodollar Rate Advances shall have a principal amount outstanding of less than $10,000,000. Repayments and prepayments of Term Loan Advances made pursuant to this Agreement shall be
applied to the principal repayment installments thereof in the inverse order of maturity. 
 (d) Each notice of prepayment shall
specify the prepayment date and the aggregate principal amount of each Borrowing to be prepaid, shall be irrevocable and shall commit the Borrower to prepay such Borrowing by the amount stated therein. 

(e) In the event that any Bank shall incur any loss or expense (including, without limitation, any loss or expense incurred by reason of
the liquidation or reemployment of deposits or other funds acquired by the Bank to fund or maintain all or any portion of the outstanding 

 

 23 

 
principal amount of any Advance) as a result of any repayment occurring prior to the last day of any Interest Period, or prepayment, of a Eurodollar Rate Advance or conversion of any Eurodollar
Borrowing, on a date other than the last day of any Interest Period applicable thereto, then the Borrower shall pay to the Administrative Agent for the account of such Bank, on demand, such amount as will reimburse the Bank for such loss or expense.
A certificate as to the amount of such loss or expense setting forth the calculation thereof, submitted by such Bank to the Borrower and the Administrative Agent, shall be conclusive and binding for all purposes in the absence of error. 

(f) The records maintained by the Administrative Agent and the Banks shall be prima facie evidence of the existence and amounts of
the obligations of the Borrower in respect of the Advances, interest and fees due or accrued hereunder, provided that the failure of the Administrative Agent or any Bank to maintain such records or any error therein shall not in any manner
affect the obligation of the Borrower to pay any amounts due hereunder in accordance with the terms of this Agreement. Any Bank may request that Revolving Credit Advances made by it be evidenced by a Note and that the Term Loan Advances made by it
be evidenced by a Note. In such event, the Borrower shall prepare, execute and deliver to such Bank each such Note payable to such Bank. 

(g) All voluntary and mandatory repayments under this Section 2.06 and under this Agreement (including pursuant to
Section 7.03(b)) shall be accompanied by all accrued interest on the principal amount being repaid or prepaid to the date of prepayment, if any, and all other fees and amounts required under this Section 2.06 and under this
Agreement (including, without limitation, pursuant to Section 2.06(e), Section 2.09(a) and Section 2.11). 

Section 2.07. Interest on Advances. (a) Interest on Advances. The Borrower shall pay interest on the unpaid principal
amount of each Advance made by each Bank from the date of such Advance until such principal amount shall be paid in full, at the following rates per annum (but subject to the provisions of Section 10.08): 

(i) if such Advance is a Base Rate Advance, a rate per annum, commencing on the applicable borrowing date, equal to the
Base Rate in effect from time to time for such Advance plus the Applicable Rate in effect from time to time for such Advance, payable on the last day of each Interest Payment Date; and 

(ii) if such Advance is a Eurodollar Rate Advance, a rate per annum equal at all times during the Interest Period for
such Advance to the sum of the Eurodollar Rate for such Interest Period plus the Applicable Rate in effect from time to time for such Advance, payable on the last day of each Interest Payment Date. 

(b) Additional Interest on Eurodollar Rate Advances. The Borrower shall pay to each Bank, so long as such Bank shall be required
under regulations of the Board of Governors of the Federal Reserve System to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency Liabilities, additional interest on the unpaid principal amount of each
Eurodollar Rate Advance of such Bank, from the date of such Advance until such principal amount is paid in full, at an interest rate per annum equal at all times to the remainder obtained by subtracting (i) the Eurodollar Rate for each Interest
Period for such Advance from (ii) the rate 
  

 24 

 
obtained by dividing such Eurodollar Rate by a percentage equal to one hundred percent (100%) minus the Eurodollar Rate Reserve Percentage of such Bank for such Interest Period, payable on
each date on which interest is payable on such Advance. Such additional interest shall be determined by such Bank and notified to the Borrower through the Administrative Agent. A certificate as to the amount of such additional interest submitted to
the Borrower and the Administrative Agent by such Bank shall be conclusive and binding for all purposes, absent error. 
 (c)
Payment of Interest. All accrued but unpaid interest on all Advances shall be due and payable in arrears on the Interest Payment Dates related thereto. 

(d) Maximum Interest. The parties hereto agree that the sum of (i) interest payable in accordance with this
Section 2.07, plus (ii) the fees payable as provided in Section 2.09 to the extent they would constitute interest under Applicable Usury Law, plus (iii) other consideration payable hereunder or under the Notes which
constitutes interest under Applicable Usury Law (whether or not denoted as interest), shall, as more fully provided in Section 10.08, not exceed the maximum amount allowed under Applicable Usury Law. 

Section 2.08. Interest Rate Determination. The Administrative Agent shall give prompt notice to the Borrower and the Banks of the
applicable interest rate for each Eurodollar Rate Advance determined by the Administrative Agent for purposes of Section 2.07. 

Section 2.09. Fees. (a) Facility Fee. The Borrower agrees to pay to the Administrative Agent, for the account of each
Revolving Credit Bank, a facility fee on such Revolving Credit Bank’s Total Revolving Credit Commitment (regardless of usage) from the date hereof until the Termination Date in an amount equal to such Revolving Credit Bank’s Total
Revolving Credit Commitment multiplied by the Facility Fee Rate therefor (as such rate is set forth under the definition of the Applicable Rate), payable in arrears in quarterly installments on the last day of each calendar quarter so long as
any Revolving Credit Advance is outstanding or any Revolving Credit Bank has any Revolving Credit Commitment, on the effective date of any reduction or termination of the Total Revolving Credit Commitment pursuant to Section 2.05 and on
the Termination Date. 
 (b) Administrative Agent’s Fees. The Borrower agrees to pay to the Administrative Agent,
for its sole account, the fees separately agreed upon with the Administrative Agent in the Bank of America Fee Letter. 

Section 2.10. Payments; Computations; Interest on Overdue Amounts. (a) The Borrower shall make each payment hereunder and
under the Notes to be made by it not later than 11:00 A.M. (New York City time) on the day when due in U.S. Dollars to the Administrative Agent at its address referred to in Section 10.02 in same day funds. The Administrative Agent
will promptly thereafter cause to be distributed like funds relating to the payment of principal, interest or fees ratably (other than amounts payable pursuant to Section 2.06(e), 2.07(b), 2.11, 2.12, 2.14 or
2.15, which shall not necessarily be paid ratably to the Banks and other than amounts pursuant to Section 2.09(b) which shall be for the Administrative Agent’s sole account) to the Banks for the account of their respective
Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Bank 
  

 25 

 
to such Bank for the account of its Applicable Lending Office, in each case to be applied in accordance with the terms of this Agreement. In no event shall any Bank be entitled to share any fees
paid to the Administrative Agent pursuant to Section 2.09(b). 
 (b) All interest and fees hereunder shall be
computed on the basis of a year of 360 days, except that interest computed by reference to the Base Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year), in each case for the actual number of days (including the
first day but excluding the last day) occurring in the period for which such interest or fees are payable. Each determination by the Administrative Agent (or, in the case of Section 2.07(b), by a Bank) of an interest rate hereunder shall
be conclusive and binding for all purposes, absent error. 
 (c) Whenever any payment hereunder or under the Notes shall be
stated to be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest or fees, as the case may be,
provided, however, that if such extension would cause payment of interest on or principal of Eurodollar Rate Advances to be made in the next following calendar month, such payment shall be made on the next preceding Business Day.

 (d) Unless the Administrative Agent shall have received notice from the Borrower prior to the date on which any payment is
due by the Borrower to any Bank hereunder that the Borrower will not make such payment in full, the Administrative Agent may assume that the Borrower has made such payment in full to the Administrative Agent on such date and the Administrative Agent
may, in reliance upon such assumption, cause to be distributed to each such Bank on such due date an amount equal to the amount then due such Bank. If and to the extent the Borrower shall not have so made such payment in full to the Administrative
Agent, each such Bank shall repay to the Administrative Agent forthwith on demand such amount distributed to such Bank together with interest thereon, for each day from the date such amount is distributed to such Bank until the date such Bank repays
such amount to the Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation, plus any administrative, processing or similar
fees customarily charged by the Administrative Agent in connection with the foregoing. 
 (e) Notwithstanding the foregoing,
upon the occurrence and during the continuance of any Default, the Applicable Rate shall automatically be increased by 2% per annum. 

Section 2.11. Consequential Losses on Eurodollar Rate Advances. If (a) any payment (or purchase pursuant to
Section 2.13) of principal of any Eurodollar Rate Advance made to the Borrower is made other than on the last day of an Interest Payment Date relating to such Advance, as a result of a prepayment pursuant to Section 2.06(c)
or 2.14 or acceleration of the maturity of the Advances pursuant to Section 8.01 or for any other reason or as a result of any such purchase; (b) a Eurodollar Rate Advance is converted pursuant to Section 2.04 at
a time other than the end of an Interest Period; or (c) the Borrower fails to make a principal or interest payment with respect to any Eurodollar Rate Advance on the date such payment is due and payable, the Borrower shall, upon demand by any
Bank (with a copy of such demand to the Administrative Agent), pay to the Administrative Agent for the account of such Bank any 

 

 26 

 
amounts required to compensate such Bank for any additional losses, costs or expenses which it may reasonably incur as a result of any such payment or purchase, including, without limitation, any
loss (including loss of reasonably anticipated profits, except in the case of such a purchase pursuant to Section 2.13), cost or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such
Bank to fund or maintain such Advance. 
 Section 2.12. Increased Costs. (a) If, due to the introduction of or any
change (including without limitation, but without duplication, any change by way of imposition or increase of reserve requirements included, in the case of Eurodollar Rate Advances, in the Eurodollar Rate Reserve Percentage) in or in the
interpretation, application or applicability of any law, regulation, guideline or request from any central bank or other governmental authority (whether or not having the force of law), there shall be any increase in the cost to any Bank of agreeing
to make or making, funding or maintaining any Eurodollar Rate Advance to the Borrower, then the Borrower shall from time to time, upon demand by such Bank (with a copy of such demand to the Administrative Agent), pay to the Administrative Agent for
the account of such Bank additional amounts sufficient to compensate such Bank for such increased cost. A certificate as to the amount of such increased cost, submitted to the Borrower and the Administrative Agent by such Bank, shall be prima facie
evidence of the amount of such increased cost. Promptly after any Bank becomes aware of any such introduction, change or proposed compliance, such Bank shall notify the Borrower thereof, provided that the failure to provide such notice shall
not affect such Bank’s rights hereunder, except that such Bank’s right to recover such increased costs from the Borrower for any period prior to such notice shall be limited to the period of ninety (90) days immediately prior to the
date such notice is given to the Borrower. 
 (b) If any Bank determines that the introduction of or any change in any law or
regulation or any guideline or request from any central bank or other governmental authority (whether or not having the force of law) affects or would affect the amount of capital required or expected to be maintained by such Bank or any corporation
controlling such Bank and that the amount of such capital is increased by or based upon the existence of such Bank’s Advances or commitment to lend to the Borrower hereunder and other commitments of this type, then, upon receipt of a demand by
such Bank (with a copy of such demand to the Administrative Agent), the Borrower shall, within ten (10) days of such demand, notify such Bank and the Administrative Agent if the Borrower desires to replace such Bank in accordance with
Section 2.13. If the Borrower either fails to notify such Bank and the Administrative Agent in accordance with the prior sentence or fails to replace such Bank within the time periods specified in Section 2.13, the Borrower
shall promptly pay to the Administrative Agent for the account of such Bank, from time to time as specified by such Bank, additional amounts sufficient to compensate such Bank or such corporation in the light of such circumstances, to the extent
that such Bank reasonably determines such increase in capital to be allocable to the existence of such Bank’s commitment to lend hereunder. A certificate as to such amounts submitted to the Borrower and the Administrative Agent by such Bank
shall be conclusive and binding for all purposes, absent error. 
 Section 2.13. Replacement of Banks. In the event that
(a) any Bank makes a demand for payment under Section 2.07(b) or Section 2.12, (b) the Borrower is required to make any payment in respect of Taxes or Other Taxes pursuant to Section 2.15 or (c) any
Bank becomes a Defaulting Bank, the Borrower may within ninety (90) days of the applicable event, if no Default 

 

 27 

 
then exists, replace such Bank with another commercial bank, financial institution or other Person in accordance with all of the provisions of Section 10.06(a) (including execution of
an appropriate Assignment), provided that (i) all obligations of such Bank to lend hereunder shall be terminated and the Advances payable to such Bank and all other obligations owed to such Bank hereunder shall be purchased in full
without recourse at par plus accrued interest at or prior to such replacement, (ii) such replacement shall be reasonably satisfactory to the Administrative Agent, (iii) if such replacement bank is not already a Bank hereunder, the Borrower
(and, for avoidance of doubt, not the replacement bank) shall pay to the Administrative Agent an assignment fee of $3,500 in connection with such replacement, (iv) such replacement shall, from and after such replacement, be deemed for all
purposes to be a “Bank” hereunder with a Revolving Credit Commitment and/or Term Loan Commitment, as applicable, in the amount of the respective Revolving Credit Commitment and/or Term Loan Commitment, as applicable, of the assigning Bank
immediately prior to such replacement (plus, if such replacement bank is already a Bank prior to such replacement, the respective Revolving Credit Commitment and/or Term Loan Commitment, as applicable of such Bank prior to such replacement), as such
amount may be changed from time to time pursuant hereto, and shall have all of the rights, duties and obligations hereunder of the Bank being replaced, and (v) such other actions shall be taken by the Borrower, such Bank and such replacement
bank as may be appropriate to effect the replacement of such Bank with such replacement bank on terms such that such replacement bank has the same rights, duties and obligations hereunder as such Bank (including, without limitation, execution and
delivery of new Notes to such replacement bank if such replacement bank shall so request, redelivery to the Borrower in due course of any Notes payable to such Bank and specification of the information contemplated by Schedule I as to
such replacement bank). 
 Section 2.14. Illegality and Unavailability. (a) Notwithstanding any other provision of
this Agreement, if any Bank shall notify the Administrative Agent that the introduction of or any change in or in the interpretation of any law or regulation shall make it unlawful, or any central bank or other governmental authority shall assert
that it is unlawful, for such Bank or its Applicable Lending Office to make any Eurodollar Rate Advance or to continue to fund or maintain any Eurodollar Rate Advance hereunder, then, on notice thereof to the Borrower by the Administrative Agent,

 (i) the obligation of such Bank to make any Eurodollar Rate Advance shall be suspended until the
Administrative Agent shall notify the Borrower and the Bank that the circumstances causing such suspension no longer exist, and 

(ii) the Eurodollar Rate Advances then outstanding of such Bank, together with all accrued interest thereon and all
amounts payable pursuant to Section 2.11, shall be automatically converted to Base Rate Advances, or, at the option of the Borrower, prepaid in full, unless such Bank shall determine in good faith in its sole opinion that it is lawful to
maintain such Eurodollar Rate Advances made by such Bank to the end of the Interest Period then applicable thereto. 
 (b) If,
with respect to any conversion of a Base Rate Advance to a Eurodollar Rate Advance or the continuation of any Eurodollar Rate Advance pursuant to Section 2.04: 

(i) the Administrative Agent is unable to determine the Eurodollar Rate for the applicable Eurodollar Rate Advance as a
result of one or more of the circumstances provided in Section 2.03(d)(iii); or 
  

 28 

 (ii) the Majority Banks advise the Administrative Agent that the Eurodollar
Rate as determined by the Administrative Agent will not adequately and fairly reflect the cost to such Banks of maintaining the applicable Eurodollar Rate Advance; 

then the Administrative Agent forthwith shall give notice thereof to the Borrower and the Banks, whereupon until the Administrative Agent notifies the
Borrower that the circumstances giving rise to such suspension no longer exist, the obligation of the Banks to convert or continue after the current Interest Period(s) any Eurodollar Rate Advances shall be suspended until the Administrative Agent
shall notify the Borrower and the Banks that the circumstances causing such suspension no longer exist. 
 Section 2.15.
Taxes. (a) Any and all payments by the Borrower or the Guarantor hereunder or under the Notes or any other Credit Document shall be made in accordance with Section 2.10, and subject to Sections 2.15(c), 2.15(e)
and 2.16, free and clear of and without deduction for any and all taxes, levies, imposts, deductions, charges or withholdings with respect thereto, and all liabilities with respect thereto, including any interest, additions to tax or
penalties applicable thereto, excluding in the case of each Bank and the Administrative Agent taxes imposed on or measured by its net income, and franchise taxes imposed on it in lieu of net income taxes, by any jurisdiction (or political
subdivision thereof) under the laws of which such Bank or the Administrative Agent (as the case may be) is organized or, in the case of a Bank, maintains its Applicable Lending Office and at which such Bank now or hereafter does business
(all such non-excluded taxes, levies, imposts, deductions, charges, withholdings and liabilities being hereinafter referred to as “Taxes”). If the Borrower or the Guarantor shall be required by law to deduct any Taxes from or in
respect of any sum payable by it hereunder or under any Note or other Credit Document to any Bank or the Administrative Agent, (x) the sum payable shall be increased as may be necessary so that after making all required deductions (including
deductions applicable to additional sums payable under this Section 2.15) such Bank or the Administrative Agent (as the case may be) receives an amount equal to the sum it would have received had no such deductions been made,
(y) the Borrower or the Guarantor, as the case may be, shall make such deductions and (z) the Borrower or the Guarantor, as the case may be, shall pay the full amount deducted to the relevant taxation authority or other authority in
accordance with applicable law, rules and regulations. 
 (b) In addition, the Borrower or the Guarantor, as the case may be,
agrees to pay any present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies which arise from any payment made by the Borrower or the Guarantor hereunder or under any Note or other Credit Document
executed by it or from the execution, delivery or registration of, or otherwise with respect to, this Agreement or any Note or other Credit Document (hereinafter referred to as “Other Taxes”). 

(c) Within thirty (30) days after the date of the payment of Taxes by or at the direction of the Borrower or the Guarantor, the
Borrower will furnish to the Administrative Agent, at its address referred to in Section 10.02, the original or a certified copy of a receipt 

 

 29 

 
evidencing payment thereof. If a Bank receives from the relevant jurisdiction imposing such Tax a refund of a specific Tax item for which it has been indemnified by the Borrower with respect to
which the Borrower has paid additional amounts pursuant to this Section 2.15, it shall pay the Borrower an amount equal to such refund, together with any interest paid by such jurisdiction with respect to such refund, provided
that the Borrower, upon the request of such Bank, agrees to promptly repay the amount (or portion thereof) paid over to the Borrower by such Bank in the event such Bank is required to repay the refund (or portion thereof) to such jurisdiction.

 (d) Without prejudice to the survival of any other agreement of the Borrower or the Guarantor hereunder, the agreements and
obligations of the Borrower and the Guarantor contained in this Section 2.15 shall survive the payment in full of principal and interest hereunder and under the Notes and other Credit Documents. 

(e) Each Bank that is organized under the laws of any jurisdiction other than the United States of America or any state or political
subdivision thereof (for purposes of this Section 2.15(e), each a “Non-U.S. Bank”) shall deliver to the Borrower and the Administrative Agent on or prior to the date of this Agreement or upon the effectiveness of any
Assignment, or at such other times prescribed by applicable law, (i) two (2) properly completed and signed originals of United States of America Internal Revenue Service form W-8BEN or W-8ECI, as appropriate, or any successor applicable
form, as the case may be, certifying that such Bank is entitled to benefits under an income tax treaty to which the United States is a party that eliminates or reduces the rate of withholding tax on payments under this Agreement and the other Credit
Documents or certifying that the income receivable pursuant to this Agreement and the other Credit Documents is effectively connected with the conduct of a trade or business in the United States, or (ii) if such Non-U.S. Bank is not a
“bank” or other Person described in Code Section 881(c)(3), two properly completed and signed originals of a statement substantially in the form of Exhibit E hereto, together with two properly completed and signed
originals of Internal Revenue Service form W-8BEN, upon which the Borrower is entitled to rely, from any such Non-U.S. Bank or any successor applicable form, together with any other certificate or statement of exemption or reduction required under
the Code, in order to establish that such Non-U.S. Bank is entitled to treat the interest payments under this Agreement and the other Credit Documents as portfolio interest that is exempt from withholding tax under the Code. Thereafter, upon the
reasonable request of the Borrower or the Administrative Agent, each such Non-U.S. Bank shall (A) upon the obsolescence of any form previously delivered by such Non-U.S. Bank, promptly submit to the Administrative Agent and the Borrower such
additional properly completed and signed originals of such forms (or such successor forms as shall be adopted from time to time by the relevant United States taxing authorities) as may then be available under then current United States laws and
regulations to qualify for a deduction in United States withholding taxes, or such evidence as is reasonably satisfactory to the Borrower and the Administrative Agent of an available exemption from United States withholding taxes, in respect of all
payments to be made to such Non-U.S. Bank by the Borrower pursuant to the Credit Documents, and (B) promptly notify the Administrative Agent of any change in circumstances which would modify or render invalid any claimed exemption. A Non-U.S.
Bank shall not be required to deliver any form or statement pursuant to this Section 2.15 that such Non-U.S. Bank is not legally able to deliver. The Borrower shall not be required to pay additional amounts to any Bank pursuant to this
Section 2.15 to the extent that such Bank did not qualify for a complete exemption from United States withholding taxes at the time such Bank became a party 

 

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to this agreement and to the extent that the obligation to pay additional amounts would not have arisen but for the failure of such Bank to comply with this paragraph (e), except to the
extent such Bank is not able to comply as a result of a change in law. Any assignee of all or any portion of any Bank’s rights and obligations under this Agreement shall be subject to this Section 2.15(e). 

(f) Upon the reasonable request of the Borrower, any Bank claiming any additional amounts payable pursuant to this
Section 2.15 shall use its reasonable efforts (consistent with its internal policies and requirements of law) to change the jurisdiction of its Applicable Lending Office if such a change would reduce any such additional amounts (or any
similar amount that may thereafter accrue) and would not, in the sole determination of such Bank, be otherwise disadvantageous to such Bank. 

(g) The Borrower or the Guarantor shall indemnify the Administrative Agent and each Bank, within 10 days after written demand therefor,
for the full amount of any Taxes or Other Taxes paid by the Administrative Agent or such Bank, as the case may be, on or with respect to any payment by or on account of any obligation of the Borrower or the Guarantor under this
Section 2.15. 
 Section 2.16. Payments Pro Rata. Except as provided in Sections 2.06(e),
2.07(b), 2.09(b), 2.11, 2.12, 2.14 or 2.15, each of the Banks agrees that if it should receive any payment (whether by voluntary payment, by realization upon security, by the exercise of the right of setoff
or banker’s lien, by counterclaim or cross action, by the enforcement of any right under this Agreement or the Notes or other Credit Documents, or otherwise) in respect of any obligation of the Borrower or Guarantor hereunder or under the Notes
or other Credit Documents of a sum which with respect to the related sum or sums received by other Banks is in a greater proportion than the total amount of principal, interest, fees or any other obligation incurred hereunder, as the case may be,
then owed and due to such Bank bears to the total amount of principal, interest, fees or any such other obligation then owed and due to all of the Banks immediately prior to such receipt, then such Bank receiving such excess payment shall purchase
for cash without recourse from the other Banks an interest in the obligations of the Borrower to such Banks in such amount as shall result in a proportional participation by all of the Banks in the aggregate unpaid amount of principal, interest,
fees or any such other obligation, as the case may be, owed to all of the Banks, provided that if all or any portion of such excess payment is thereafter recovered from such purchasing Bank, such purchase from each other Bank shall be
rescinded and each such other Bank shall repay to the purchasing Bank the purchase price to the extent of such other Bank’s ratable share (according to the proportion of (i) the amount of the participation purchased from such other Bank as
a result of such excess payment to (ii) the total amount of such excess payment) of such recovery together with an amount equal to such other Bank’s ratable share (according to the proportion of (a) the amount of such other
Bank’s required repayment to (b) the total amount so recovered from the purchasing Bank) of any interest or other amount paid or payable by the purchasing Bank in respect of the total amount so recovered. The Borrower agrees that any Bank
so purchasing a participation from another Bank pursuant to this Section 2.16 may, to the fullest extent permitted by law, exercise all its rights of payment (including the right of set-off) with respect to such participation as fully as
if such Bank were the direct creditor of the Borrower in the amount of such participation. 
  

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 Section 2.17. Increase in Revolving Credit Commitments. The Borrower may at any time
and from time to time, by written notice to the Administrative Agent (which shall promptly deliver a copy to the Banks) executed by the Borrower and one or more financial institutions (any such financial institution referred to in this Section being
called an “Increasing Revolving Credit Bank”), which may include any Bank, cause the Revolving Credit Commitments of the Increasing Revolving Credit Banks to be increased (or cause the Increasing Revolving Credit Banks to extend new
Revolving Credit Commitments) in an amount for each Increasing Revolving Credit Bank (which shall not be less than $5,000,000) set forth in such notice, provided that (i) no Revolving Credit Bank shall have any obligation to increase its
Revolving Credit Commitment pursuant to this paragraph, (ii) all new Revolving Credit Commitments and increases in existing Revolving Credit Commitments becoming effective under this paragraph during the term of this Agreement shall not exceed
$100,000,000 in the aggregate, (iii) each Increasing Revolving Credit Bank, if not already a Revolving Credit Bank hereunder, shall be subject to the approval of the Administrative Agent (which approval shall not be unreasonably withheld) and
(iv) each Increasing Revolving Credit Bank, if not already a Revolving Credit Bank hereunder, shall become a party to this Agreement by completing and delivering to the Administrative Agent a duly executed accession agreement in a form
reasonably satisfactory to the Administrative Agent and the Borrower (an “Accession Agreement”). New Revolving Credit Commitments and increases in Revolving Credit Commitments shall become effective on the date specified in the
applicable notices delivered pursuant to this Section 2.17. Upon the effectiveness of any Accession Agreement to which any Increasing Revolving Credit Bank is a party, such Increasing Revolving Credit Bank shall thereafter be deemed to
be a party to this Agreement and shall be entitled to all rights, benefits and privileges accorded a Revolving Credit Bank hereunder and subject to all obligations of a Revolving Credit Bank hereunder. Notwithstanding the foregoing, no increase in
the Total Revolving Credit Commitments (or in the Revolving Credit Commitment of any Revolving Credit Bank) pursuant to this paragraph shall become effective unless (i) the Administrative Agent shall have received documents consistent with
those delivered under Section 3.01(a)(ii) through (v), giving effect to such increase and (ii) on the effective date of such increase, the representations and warranties of the Borrower and the Guarantor set forth in this
Agreement shall be true and correct in all material respects and no Default shall have occurred and be continuing, and the Administrative Agent shall have received a certificate to that effect dated such date and executed by a Financial Officer of
the Borrower. On the effective date of any increase in the Revolving Credit Commitments pursuant to this Section 2.17, to the extent there are outstanding Revolving Credit Advances, the parties hereto shall implement such arrangements as
may be agreed upon by the Borrower and the Administrative Agent to ensure that the proportion between the Revolving Credit Banks’ outstanding Revolving Credit Advances, after giving effect to such increase, and their respective Revolving Credit
Commitments, after giving effect to such increase, will be re-established, and the effectiveness of such increase shall be conditioned on the implementation of such arrangements. 

Section 2.18. Defaulting Banks. (a) Adjustments. Notwithstanding anything to the contrary contained in this Agreement,
if any Bank becomes a Defaulting Bank, then, until such time as that Bank is no longer a Defaulting Bank, to the extent permitted by applicable law: 

(a) Waivers and Amendments. That Defaulting Bank’s right to approve or disapprove any amendment, waiver or consent with
respect to this Agreement shall be restricted as set forth in Section 10.01. 
  

 32 

 (b) Reallocation of Payments. Any payment of principal, interest, fees or other
amounts received by the Administrative Agent for the account of that Defaulting Bank (whether voluntary or mandatory, at maturity, pursuant to Article VIII or otherwise, and including any amounts made available to the Administrative Agent by
that Defaulting Bank pursuant to Section 10.05), shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by that Defaulting Bank to the
Administrative Agent hereunder; second, if so determined by the Administrative Agent, to be held as cash collateral for future funding obligations of that Defaulting Bank; third, as the Borrower may request (so long as no Default
exists), to the funding of any Advance in respect of which that Defaulting Bank has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; fourth, if so determined by the Administrative
Agent and the Borrower, to be held in a non-interest bearing deposit account and released in order to satisfy obligations of that Defaulting Bank to fund Advances under this Agreement; fifth, to the payment of any amounts owing to the
Banks as a result of any judgment of a court of competent jurisdiction obtained by any Bank against that Defaulting Bank as a result of that Defaulting Bank’s breach of its obligations under this Agreement; sixth, so long as no Default
exists to the payment of any amounts owing to the Borrower as a result of any judgment of a court of competent jurisdiction obtained by the Borrower against that Defaulting Bank as a result of that Defaulting Bank’s breach of its obligations
under this Agreement; and seventh, to that Defaulting Bank or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Advances in respect of which
that Defaulting Bank has not fully funded its appropriate share and (y) such Advances were made at a time when the conditions set forth in Section 3.02 were satisfied or waived, such payment shall be applied solely to pay the
Advances of all non-Defaulting Banks on a pro rata basis prior to being applied to the payment of any Advances owed to, that Defaulting Bank. Any payments, prepayments or other amounts paid or payable to a Defaulting Bank that are applied (or held)
to pay amounts owed by a Defaulting Bank or to post cash collateral pursuant to this Section 2.18(b) shall be deemed paid to and redirected by that Defaulting Bank, and each Bank irrevocably consents hereto. 

(c) Certain Fees. That Defaulting Banks shall not be entitled to receive any facility fee pursuant to Section 2.09(a)
for any period during which that Bank is a Defaulting Bank (and the Borrower shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting Bank). 

(d) Defaulting Bank Cure. If the Borrower and the Administrative Agent agree in writing in their sole discretion that a Defaulting
Bank should no longer be deemed to be a Defaulting Bank, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein (which may include
arrangements with respect to any cash collateral), that Bank will, to the extent applicable, purchase that portion of outstanding Advances of the other Banks or take such other actions as the Administrative Agent may determine to be necessary to
cause the applicable Advances to be held on a pro rata basis by the Banks in accordance with their respective applicable 

 

 33 

 
Commitments, whereupon that Bank will cease to be a Defaulting Bank; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the
Borrower while that Bank was a Defaulting Bank; and provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Bank to Bank will constitute a waiver or release of any claim of
any party hereunder arising from that Bank having been a Defaulting Bank. 
 ARTICLE III. 

CONDITIONS 

Section 3.01. Conditions Precedent to Effectiveness. The obligations of the Banks to make Advances hereunder shall become
effective upon the satisfaction of all of the following conditions precedent: 
 (a) Documentation. The Administrative
Agent shall have received the following duly executed by all the parties thereto, in form and substance satisfactory to the Administrative Agent and the Banks, and (except for the Notes) in sufficient copies for each Bank: 

(i) this Agreement duly executed by the Borrower, the Guarantor, each Bank and the Administrative Agent; 

(ii) a certificate of the Secretary or an Assistant Secretary of the Borrower certifying (A) the Borrower’s
certificate of incorporation and by-laws, (B) the names and true signatures of the officers of the Borrower authorized to sign this Agreement and any Notes and (C) that a true, correct and complete copy of the resolutions of the
Borrower’s Board authorizing the transactions contemplated hereby is attached thereto and that such resolutions are in full force and effect; 

(iii) a certificate of the Secretary or an Assistant Secretary of the Guarantor certifying (A) the Guarantor’s
certificate of incorporation and by-laws, (B) the names and true signatures of the officers of the Guarantor authorized to sign this Agreement and (C) that a true, correct and complete copy of the resolutions of the Guarantor’s Board
authorizing the making and performance of this Agreement by the Guarantor is attached hereto and that such resolutions are in full force and effect; 

(iv) a favorable opinion of Jackson Walker L.L.P., legal counsel for each of the Borrower and the Guarantor, dated the
Effective Date, substantially in the form of Exhibit D hereto; and 
 (v) certificates, telecopy
confirmation or electronic transmission, in each case, as of a date reasonably close to the date hereof from the Secretary of State of the state of incorporation of each of the Borrower and the Guarantor as to the existence and good standing of the
Borrower and the Guarantor, as applicable. 
 (b) No Material Adverse Change. No event or events which have or would
reasonably be expected to have a Material Adverse Effect shall have occurred since March 24, 2010. 
  

 34 

 (c) No Default. No Default or event which, with the giving of notice, the lapse of
time or both, would constitute a Default shall have occurred and be continuing. 
 (d) Representations and Warranties.
The representations and warranties contained in Article V hereof shall be true and correct in all material respects on and as of the Effective Date, except to the extent that such representations and warranties refer to an earlier date,
in which case they shall be true and correct in all material respects on and as of such earlier date. 
 (e) No Material
Litigation. No legal or regulatory action or proceeding shall have commenced and be continuing against the Borrower or any of its Subsidiaries since the date of this Agreement which has, or would reasonably be expected to have, a Material
Adverse Effect. 
 (f) Fees and Expenses. The Administrative Agent shall have received all fees and other amounts due and
payable on or prior to the Effective Date, including fees, charges and disbursements of counsel and all other out of pocket fees and expenses required to be paid or reimbursed by the Borrower (which fees, charges and disbursements of counsel and
such other out of pocket fees and expenses shall be limited to those for which invoices have been submitted on or prior to the Effective Date). 

(g) Certification. The Administrative Agent shall have received a certificate, dated the Effective Date and signed by a Financial
Officer, confirming compliance with the conditions set forth in paragraphs (b), (c), (d) and (e) of this Section 3.01. 

(h) Patriot Act. The Banks shall have received all information required by the Patriot Act, including the identity of the Borrower
and its Subsidiaries, the name and address of the Borrower and its Subsidiaries and other information that will allow the Administrative Agent or any Bank, as applicable, to identify the Borrower in accordance with the Patriot Act. 

Section 3.02. Conditions Precedent to Each Borrowing. The obligation of each Bank to make an Advance on the occasion of any
Borrowing shall be subject to the further conditions precedent that on the date of such Borrowing (a) in the case of the initial Borrowing the Administrative Agent shall have received evidence satisfactory to it that the commitments of the
lenders under the Existing Revolving Credit Agreement and the Existing Term Loan Agreement have been terminated and that all amounts owing under the Existing Revolving Credit Agreement and the Existing Term Loan Agreement have been paid in full or
will be paid in full simultaneously with the making of (or out of the proceeds of) the initial Borrowing, including without limitation such amounts (if any) as may be required to compensate each Bank for any break-funding costs resulting from such
payment, (b) the Administrative Agent shall have received a Notice of Borrowing in accordance with Section 2.02 and (c) the following statements shall be true (and each of the giving of the applicable Notice of Borrowing and
the acceptance by the Borrower of the proceeds of such Borrowing shall constitute a representation and warranty by the Borrower that on the date of such Borrowing such statements are true): 

(i) the representations and warranties contained in Article V are true and correct in all material respects on
and as of the date of such Borrowing, before and after giving effect to such Borrowing and to the application of the proceeds therefrom, as though made on and as of such date, except to the extent that such representations and

  

 35 

 
warranties refer to an earlier date, in which case they shall be true and correct in all material respects on and as of such earlier date and except that for the purposes of this
Section 3.02, the representations and warranties contained in Section 5.04(a) shall be deemed to refer to the most recent statements furnished pursuant to Section 6.02(c); 

(ii) no event has occurred and is continuing, or would result from such Borrowing or from the application of the proceeds
therefrom, which constitutes or with the giving of notice, the lapse of time or both, would constitute a Default; and 

(iii) after giving effect to any Borrowing of Revolving Credit Advances and all other Borrowings of Revolving Credit
Advances which have been requested on or prior to such date but which have not been made prior to such date, the aggregate principal amount of the Revolving Credit Advances owing to any Revolving Credit Bank will not exceed the Total Revolving
Credit Commitment of such Revolving Credit Bank. 
 (iv) with respect to the Borrowing of Term Loan Advances
(which may only be made on the Effective Date), after giving effect to such Borrowing of Term Loan Advances, the aggregate principal amount of the Term Loan Advances owing to any Term Loan Bank will not exceed the aggregate Term Loan Commitment of
such Term Loan Bank. 
 Section 3.03. Administrative Agent. The Administrative Agent shall notify the Borrower and the
Banks of the Effective Date, and such notice shall be conclusive and binding. The Administrative Agent shall be entitled to assume that the conditions set forth in Sections 3.01(b), 3.01(c), 3.01(d), 3.01(e), 3.02(c)(i) and
3.02(c)(ii) have been satisfied unless the Administrative Agent has received, at its address specified herein, actual written notice to the contrary from the Borrower, the Guarantor or a Bank. 

ARTICLE IV. 

GUARANTY 

Section 4.01. Guaranty. The Guarantor hereby unconditionally guarantees the punctual payment of the Guaranteed Obligations when
due, whether at stated maturity, by acceleration or otherwise, and agrees to pay any and all reasonable expenses (including counsel fees and expenses) incurred by the Administrative Agent or any Bank in enforcing any rights hereunder. Without
limiting the generality of the foregoing, the Guarantor’s liability shall extend to all amounts which constitute part of the Guaranteed Obligations and would be owed by the Borrower under this Agreement or any of the Notes but for the fact that
they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving the Borrower. The guaranty set forth in this Article IV is a guaranty of payment and not of collection.

 Section 4.02. Payment. At the time the Guarantor pays any sum which may become due to the Administrative Agent for the
benefit of a Bank under the terms of this Article IV, written notice of such payment shall be delivered to the Administrative Agent by the Guarantor, and in the absence of such notice, any sum received by the Administrative Agent on
behalf of a Bank 
  

 36 

 
on account of any of the Guaranteed Obligations shall be conclusively deemed paid by the Borrower. All sums paid to the Administrative Agent, on behalf of a Bank, by the Guarantor may be applied
by the Administrative Agent, on behalf of a Bank, at its discretion, to any of the Guaranteed Obligations. 
 Section 4.03.
Waiver. The Guarantor hereby waives all notices in connection herewith or in connection with the Guaranteed Obligations, including, without limitation, notice of intent to accelerate and notice of acceleration, and waives diligence,
presentment, demand, protest, and suit on the part of the Administrative Agent or any Bank in the collection of any of the Guaranteed Obligations, and agrees that neither the Administrative Agent nor any Bank shall be required to first endeavor to
collect any of the Guaranteed Obligations from the Borrower, or any other party liable for payment of the Guaranteed Obligations (hereinafter referred to as an “Obligated Party”), before requiring Guarantor to pay the full amount of
the Guaranteed Obligations. Without impairing the rights of the Administrative Agent or any Bank against the Guarantor, the Borrower or any other Obligated Party, suit may be brought and maintained against the Guarantor at the election of the
Administrative Agent or any Bank with or without joinder of the Borrower, or any other Obligated Party, any right to any such joinder being hereby waived by the Guarantor. 

Section 4.04. Acknowledgments and Representations. The Guarantor acknowledges and represents to the Administrative Agent and each
Bank that it is receiving direct and indirect financial and other benefits as a result of this Article IV; represents to the Administrative Agent and each Bank that after giving effect to this Article IV and the contingent
obligations evidenced hereby it is, and will be, Solvent; acknowledges that it will derive substantial direct and indirect benefit from the transactions contemplated by this Agreement; acknowledges that its liability hereunder shall be cumulative
and in addition to any other liability or obligation to the Administrative Agent and each Bank, whether the same is incurred through the execution of a note, a similar guaranty, through endorsement, or otherwise; acknowledges that neither the
Administrative Agent, any Bank nor any officer, employee, agent, attorney or other representative of any of them has made any representation, warranty or statement to the Guarantor to induce it to execute this Agreement; and acknowledges that it has
made its own credit analysis and decision to enter into this Agreement and undertake the guaranty set forth in this Article IV. 

Section 4.05. Subordination. Notwithstanding anything to the contrary contained herein, any right, claim or action which the
Guarantor may have against the Borrower or any other Obligated Party arising out of or in connection with the guaranty set forth in this Article IV or any other document evidencing or securing the Guaranteed Obligations, including,
without limitation, any right or claim of subrogation, contribution, reimbursement, exoneration or indemnity, shall be subordinated to the prior payment in full of any amounts then due under this Agreement, the Credit Documents, or the Notes. If any
amount shall be paid to the Guarantor on account of any such subrogation, reimbursement, exoneration or indemnity notwithstanding the foregoing subordination, such amount shall be held in trust for the benefit of the Banks and shall forthwith be
paid to the Administrative Agent to be credited and applied upon the Guaranteed Obligations then due. 
  

 37 

 Section 4.06. Guaranty Absolute. The Guarantor hereby agrees that its obligations
under this Agreement shall be absolute and unconditional, irrespective of (a) the validity or enforceability of the Guaranteed Obligations or of the Notes, or any other Credit Document evidencing all or any part of the Guaranteed Obligations,
(b) the absence of any attempt to collect the Guaranteed Obligations from the Borrower or any other Obligated Party or other action to enforce the same, (c) the waiver or consent by the Administrative Agent and/or any Bank with respect to
any provision of any instrument evidencing the Guaranteed Obligations, or any part thereof, or any other agreement now or hereafter executed by the Borrower and delivered to the Administrative Agent and/or any Bank, (d) the surrender, release,
exchange, or alteration by the Administrative Agent and/or any Bank of any security or collateral for the Guaranteed Obligations, (e) the benefits of §17.001 of the Texas Civil Practice and Remedies Code, Rule 31 of the Texas Rules of
Civil Procedure and any similar statute or rule and the Guarantor hereby waives any such benefit or (f) any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor. 

Section 4.07. No Waiver; Remedies. No failure on the part of the Administrative Agent or any Bank to exercise, and no delay in
exercising, any right hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right hereunder preclude any other or further exercise thereof or the exercise of any other right. The remedies herein provided are
cumulative and not exclusive of any remedies provided by law. 
 Section 4.08. Continuing Guaranty. The guaranty set
forth in this Article IV is a continuing guaranty and shall (a) remain in full force and effect until the later of (i) the payment in full of the Guaranteed Obligations and all other amounts payable under this guaranty and
(ii) the expiration or termination of all Commitments of each Bank, (b) be binding upon the Guarantor, its successors and assigns, (c) inure to the benefit of, and be enforceable by, the Administrative Agent and each of the Banks and
their respective successors, transferees and assigns, and (d) not be terminated by the Guarantor or the Borrower. 

Section 4.09. Limitation. Notwithstanding any other provision of this Article IV, the Guarantor’s liability
hereunder shall be limited to the lesser of the following amounts minus, in either case, $100.00: 
 (a) the lowest amount which
would render the guaranty pursuant to this Article IV a fraudulent transfer under Section 548 of the Bankruptcy Code (11 U.S.C. § 101 et seq.); or 

(b) if the guaranty pursuant to this Article IV is subject to the UFTA or the UFCA or any similar or analogous statute or
rule of law, then the lowest amount which would render the guaranty pursuant to this Article IV a fraudulent transfer or fraudulent conveyance under the UFTA, the UFCA, or any such similar or analogous statute or rule of law. 

The amount of the limitation imposed upon the Guarantor’s liability under the terms of the preceding sentence shall be subject to redetermination as
of each date a “transfer” is deemed to have been made on account of the Guaranty pursuant to this Article IV under applicable law. 

Section 4.10. Effect of Bankruptcy. In the event that, pursuant to any insolvency, bankruptcy, reorganization, receivership or
other debtor relief law, or any judgment, order or 
  

 38 

 
decision thereunder, any Bank must rescind or restore any payment, or any part thereof, received by such Bank in satisfaction of the Guaranteed Obligations, any prior release or discharge from
the terms of the guaranty set forth in this Article IV given to the Guarantor by the Banks shall be without effect, and the guaranty set forth in this Article IV shall remain in full force and effect. It is the intention of
the Guarantor that its obligations hereunder shall not be discharged except by its performance of such obligations and then only to the extent of such performance. 

ARTICLE V. 

REPRESENTATIONS AND WARRANTIES 

Each of the Borrower and the Guarantor represents and warrants as follows: 

Section 5.01. Corporate Existence. Each of the Borrower and the Guarantor is a corporation duly organized, validly existing and in
good standing under the laws of its respective state of incorporation. Each of the Borrower and the Guarantor has all corporate powers and all governmental licenses, authorizations, certificates, consents and approvals required to carry on its
business as now conducted except where the failure to comply does not or would not reasonably be expected to have a Material Adverse Effect. Each Significant Subsidiary is a Person duly organized, validly existing and in good standing under the laws
of its jurisdiction of formation. Each Significant Subsidiary has all corporate powers and all governmental licenses, authorizations, certificates, consents and approvals required to carry on its business as now conducted except where the failure to
comply does not and would not reasonably be expected to have a Material Adverse Effect. 
 Section 5.02. Corporate Power.
The execution, delivery and performance by the Borrower and the Guarantor of the Credit Documents to which each is a party and the consummation of the transactions contemplated by such Credit Documents are within the Borrower’s and the
Guarantor’s corporate powers, respectively, have been duly authorized by all necessary corporate action, do not contravene (a) the Borrower’s or the Guarantor’s Certificate of Incorporation or Bylaws or (b) any law or any
contractual restriction binding on or affecting the Borrower or the Guarantor and will not result in or require the creation or imposition of any Lien prohibited by this Agreement. At the time of each Borrowing, such Borrowing and the use of the
proceeds of such Borrowing will be within the Borrower’s corporate powers, will have been duly authorized by all necessary corporate action, will not contravene (i) the Borrower’s Certificate of Incorporation or Bylaws or
(ii) any law or any contractual restriction binding on or affecting the Borrower and will not result in or require the creation or imposition of any Lien prohibited by this Agreement. 

Section 5.03. Enforceable Obligations. This Agreement has been duly executed and delivered by the Borrower and the Guarantor. This
Agreement is the legal, valid and binding obligation of the Borrower and the Guarantor enforceable against the Borrower and the Guarantor, respectively, in accordance with its terms, except as such enforceability may be limited by any applicable
bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally. The Notes are the legal, valid and binding obligations of the Borrower enforceable against the Borrower in accordance with their respective
terms, except as such enforceability may be limited by any applicable bankruptcy, insolvency, reorganization, 
  

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moratorium or similar law affecting creditors’ rights generally. The making and performance by the Borrower and the Guarantor of this Agreement and the other Credit Documents do not require
any license, consent or approval of, registration with, or any other action by, any governmental authority. 
 Section 5.04.
Financial Statements. (a) The Consolidated balance sheet of the Borrower and its Subsidiaries as of June 24, 2009 and the related Consolidated statements of income and cash flows of the Borrower and its Subsidiaries for the fiscal
year then ended, copies of which have been furnished to each Bank, as included in an SEC Filing which has been furnished to each Bank, fairly present the Consolidated financial condition of the Borrower and its Subsidiaries as of such date and the
Consolidated results of operations of the Borrower and its Subsidiaries ended on such date, in accordance with GAAP, except as disclosed therein or on Schedule V to this Agreement. 

(b) Since March 24, 2010 and except as disclosed in an SEC Filing which has been delivered to each Bank prior to the date of this
Agreement or on a Schedule to this Agreement, no event which has or would reasonably be expected to have a Material Adverse Effect has occurred. 

Section 5.05. Litigation. There is no pending or, to the knowledge of the Borrower or the Guarantor, threatened action or
proceeding affecting the Borrower or any of its Significant Subsidiaries before any court, governmental agency or arbitrator, which has, or would reasonably be expected to have, a Material Adverse Effect. 

Section 5.06. Margin Stock; Use of Proceeds. Neither the Borrower nor any of its Subsidiaries is engaged in the business of
extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation T, U or X issued by the Board of Governors of the Federal Reserve System and except in connection with employee plans disclosed to the
Administrative Agent), and no proceeds of any Advance will be used for the purpose, whether immediate, incidental or ultimate, of buying or carrying any such margin stock under such circumstances as to involve the Borrower, the Guarantor, any of
their Subsidiaries or any Bank in a violation of Regulation U. None of the Borrower, the Guarantor or any of their Subsidiaries will use the proceeds of any Advance for the purpose of acquiring or attempting to acquire control of any Person
which is obligated to make SEC Filings unless such acquisition or attempted acquisition (a) is pursuant to an agreement with such Person, or (b) is not resisted by such Person. 

Section 5.07. Investment Company Act. Neither the Borrower nor any of its Subsidiaries 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 5.08. ERISA. The Borrower and its Subsidiaries are in compliance with the applicable provisions of ERISA, except to the
extent that non-compliance thereunder does not have and would not reasonably be expected to have a Material Adverse Effect. Neither the Borrower nor any of its Subsidiaries has incurred any Insufficiency or any material liability to the PBGC in
connection with any Plan established or maintained by the Borrower or such Subsidiaries which would have, or would reasonably be expected to have, a Material Adverse Effect. 

 

 40 

 Section 5.09. Taxes. As of the date of this Agreement, the United States of America
federal income tax returns of the Borrower and its Subsidiaries have been examined through the fiscal year ended June 25, 2005. The Borrower and its Significant Subsidiaries have filed all United States of America Federal income tax returns and
all other material domestic tax returns which are required to be filed by them and have paid, or provided for the payment before the same become delinquent of, all taxes due pursuant to such returns or pursuant to any assessment received by the
Borrower or any such Significant Subsidiary, other than those taxes (a) contested in good faith by appropriate proceedings or (b) the nonpayment of which does not have, and would not reasonably be expected to have a Material Adverse
Effect. The charges, accruals and reserves on the books of the Borrower and its Subsidiaries in respect of taxes are adequate in the aggregate. 

Section 5.10. Environmental Condition. To the best of Borrower’s knowledge, the Borrower and its Subsidiaries are in
compliance with all Environmental Protection Statutes except to the extent that failure to comply does not have, and would not reasonably be expected to have, a Material Adverse Effect. 

Section 5.11. Ownership of Guarantor. On the date hereof the Borrower owns, directly or indirectly, 100% of the issued and
outstanding voting stock of the Guarantor. 
 Section 5.12. Solvency. Each of the Borrower and the Guarantor is, and
after giving effect to the making of the Advances and to the application of the proceeds therefrom will be, Solvent. 
 Section
5.13. Disclosure. All financial projections concerning the Borrower that have been or are hereafter made available to the Administrative Agent, the Banks and the Joint Lead Arrangers by the Borrower or any of the Borrower’s
representatives (or on behalf of the Borrower or such representatives) in connection with this Agreement and the transactions contemplated hereby (the “Projections”) have been prepared in good faith based upon reasonable
assumptions. The Confidential Information Memorandum, all other reports, financial statements, certificates and all other information (other than the Projections), which have been made available to the Administrative Agent, the Banks and the Joint
Lead Arrangers by the Borrower or any of the Borrower’s representatives (or on behalf of the Borrower or such representatives) in connection with this Agreement, each other Credit Document and the transactions contemplated thereby, is complete
and correct in all material respects as and when furnished and does not, as and when furnished, contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements contained therein not misleading.

  

 41 

 ARTICLE VI. 

AFFIRMATIVE COVENANTS 

So long as any Advance shall remain unpaid or any Bank shall have any Commitment hereunder, unless the Majority Banks shall otherwise
consent in writing: 
 Section 6.01. Compliance with Laws, Etc. Each of the Borrower and the Guarantor will comply, and
Borrower will cause each Significant Subsidiary to comply, in all material respects with all applicable laws (including, without limitation, ERISA and applicable Environmental Protection Statutes), rules, regulations and orders, subject to the
exceptions provided elsewhere in this Agreement in provisions relating to laws, rules, regulations and orders of the nature referenced therein and except where the failure to comply (a) is contested in good faith by appropriate proceedings or
(b) does not have, and would not reasonably be expected to have, a Material Adverse Effect. 
 Section 6.02. Reporting
Requirements. The Borrower and/or the Guarantor will furnish to each of the Banks: 
 (a) As soon as possible and in any
event within five (5) days after a Financial Officer of the Borrower or Guarantor obtains knowledge of a Default or an event which, with the giving of notice, the lapse of time or both, would constitute a Default, which shall have occurred and
is continuing on the date of such statement, a statement of a Financial Officer, setting forth the details of such Default or event and the actions, if any, which the Borrower has taken and proposes to take with respect thereto. 

(b) Promptly after they are available, and in any event within sixty (60) days after the end of each of the first three (3)
quarters of each fiscal year of the Borrower, Consolidated financial statements of the Borrower and its Consolidated Subsidiaries for such quarter showing on a Consolidated basis the financial position, results of operations and cash flows as of the
end of and for the thirteen (13) week period of such quarter and for the period from the beginning of the fiscal year to the end of such quarter, in each case setting forth the comparable information for the comparable period in the preceding
fiscal year, and accompanied by a certificate of a Financial Officer to the effect that such financial statements present fairly in all material respects the Consolidated financial position, results of operations and cash flows of the Borrower and
its Consolidated Subsidiaries as of the end of and for the respective period in conformity with GAAP, subject to year-end audit adjustments and the absence of certain notes. For any such fiscal quarter the foregoing requirements may be satisfied by
the delivery of the Borrower’s SEC Filing on Form l0-Q for such quarter. 
 (c) Promptly after they are available, and in
any event within ninety (90) days after the end of each fiscal year of the Borrower, Consolidated financial statements of the Borrower and its Consolidated Subsidiaries for the fifty-two/fifty-three week period of such fiscal year showing the
financial position, results of operations and cash flows as of the end of and for such fiscal year, in each case setting forth the comparable information for the preceding fiscal year, and accompanied by the report of KPMG Peat Marwick or other
independent certified public accountants of recognized national standing, to the effect that based on an audit using generally accepted auditing standards the financial statements present fairly, in all material respects, the Consolidated financial
position, results of operations and cash flows of the Borrower and its Consolidated Subsidiaries for the respective periods in conformity with GAAP. For any fiscal year this requirement may be satisfied by the delivery of the Borrower’s SEC
Filing on Form 10-K for such fiscal year. 
  

 42 

 (d) Concurrently with the delivery of the financial statements referred to in Sections
6.02(b) and (c), (i) a certificate of a Financial Officer to the effect that no Default or an event which, with the giving of notice, the lapse of time or both, would constitute a Default, shall have occurred and be continuing with
respect to the covenants contained in Section 7.01 (together with appropriate supporting schedules setting forth the calculations relating to such covenants) or, if such Financial Officer has knowledge that a Default or an event which,
with the giving of notice, the lapse of time or both, would constitute a Default, has occurred and is continuing with respect to Section 7.01, specifying the nature thereof and the actions, if any, which the Borrower has taken and
proposes to take with respect thereto, and (ii) a complete and correct list of the Significant Subsidiaries as of the date thereof, showing, as to each Significant Subsidiary, the correct name thereof, the jurisdiction of its organization and
such Significant Subsidiary’s proportionate share of the Consolidated assets of the Borrower. 
 (e) Promptly after they
are available, copies of (i) each SEC Filing, (ii) any reports provided by the Borrower to its stockholders, and (iii) any press releases or other statements made available by the Borrower or any of its Subsidiaries to the public
generally concerning material developments in the business or affairs of the Borrower or any of its Subsidiaries. Any matter disclosed in a SEC Filing or other report or press release delivered to Banks shall be deemed disclosed in writing to Banks
for all purposes of this Agreement, except with respect to the reporting requirement set forth in Section 6.02(a). 

(f) Promptly (and in any event, within five (5) days) upon Borrower’s receipt of notice of any change in a Rating, notice
thereof to the Administrative Agent. 
 (g) Such other information respecting the financial condition of the Borrower and its
Subsidiaries, or compliance with the terms of this Agreement, as any Bank through the Administrative Agent may from time to time reasonably request in writing. 

The Borrower and the Guarantor hereby acknowledges that (a) the Administrative Agent and/or the Joint Lead Arrangers will make
available to the Banks materials and/or information provided by or on behalf of the Borrower hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on IntraLinks or another similar electronic system (the
“Platform”) and (b) certain of the Banks (each, a “Public Bank”) may have personnel who do not wish to receive material non-public information with respect to the Borrower or its Affiliates, or the respective
securities of any of the foregoing, and who may be engaged in investment and other market-related activities with respect to such Persons’ securities (all Banks who are not a “Public Bank” shall be referred to as a “Private
Bank”). Any Bank desiring to be designated a Public Bank shall do so by identifying itself as a Public Bank by selection of a Public Bank designation on the Platform prior to receiving any of the Borrower Materials, and failing to do so such
Bank shall be presumed to be a Private Bank for all purposes under this Agreement. The Borrower hereby agrees that (w) all Borrower Materials that are to be made available to Public Banks shall be clearly and conspicuously marked
“PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently on the first page thereof; (x) by marking Borrower Materials “PUBLIC,” the Borrower shall be deemed to have authorized the
Administrative Agent, the Joint Lead Arrangers and the Banks to treat such Borrower Materials as not containing any material non-public information with respect to the Borrower or its securities for purposes of United States Federal and state
securities laws (provided, however, that 
  

 43 

 
to the extent such Borrower Materials constitute Confidential Information, they shall be treated as set forth in Section 10.12); (y) all Borrower Materials marked
“PUBLIC” are permitted to be made available through a portion of the Platform designated “Public Side Information;” and (z) the Administrative Agent and the Joint Lead Arrangers shall be entitled to treat any Borrower
Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not designated “Public Side Information.” 

Section 6.03. Use of Proceeds. The Borrower will use the proceeds of the Advances only for (i) the repayment in full of all
Indebtedness outstanding under the Existing Revolving Credit Agreement and the Existing Term Loan Agreement and (ii) working capital and general corporate purposes and not in contravention of Section 5.06. 

Section 6.04. Maintenance of Insurance. The Borrower will maintain, or cause to be maintained, insurance coverages on or in
respect of its and its Subsidiaries’ business or properties with such insurers, in such amounts and covering such risks as are consistent with the Borrower’s normal practices in effect from time to time. Such insurance arrangements may
include self-insurance or insurance through an Affiliate. 
 Section 6.05. Preservation of Corporate Existence, Etc. Each
of the Borrower and the Guarantor will preserve and maintain, and cause each of its Subsidiaries to preserve and maintain, its Corporate Franchises in the jurisdiction of its incorporation, and qualify and remain qualified, and cause each Subsidiary
to qualify and remain qualified, as a foreign corporation in each jurisdiction in which qualification is necessary or desirable in view of its business and operations or the ownership of its properties unless the failure to so qualify as a foreign
corporation does not have, and would not reasonably be expected to have, a Material Adverse Effect, provided, however, that nothing herein contained shall prevent any transaction permitted by Section 7.03. 

Section 6.06. Payment of Taxes, Etc. Each of the Borrower and the Guarantor will pay and discharge, and cause each of its
Subsidiaries to pay and discharge, before the same shall become delinquent, (a) all taxes, assessments and governmental charges or levies imposed upon it or upon its income or profits or property that are material in amount, prior to the date
on which penalties attach thereto and (b) all lawful claims that are material in amount which, if unpaid, might by law become a Lien upon its property unless the failure to timely pay any of the foregoing does not have and would not reasonably
be expected to have a Material Adverse Effect, provided, however, that neither the Borrower, the Guarantor, nor any such Subsidiary shall be required to pay or discharge any such tax, assessment, charge, levy, or claim which is being
contested in good faith and by appropriate proceedings. 
 Section 6.07. Visitation Rights. The Borrower shall permit the
representatives of each Bank, at the expense of such Bank and upon reasonable prior notice to the Borrower, to visit the principal executive office of the Borrower, and to discuss the affairs, finances and accounts of the Borrower and its
Subsidiaries at the Borrower’s offices with Financial Officers. 
 Section 6.08. Compliance with ERISA and the Code.
The Borrower and its Subsidiaries will comply, and will cause each other member of any Controlled Group to comply, with all minimum funding requirements, and all other material requirements, of ERISA and the Code, if

  

 44 

 
applicable, to any Plan it or they sponsor or maintain, so as not to (a) give rise to any liability thereunder which has, or would reasonably be expected to have, a Material Adverse Effect
or (b) cause any Termination Event to occur which has, or would reasonably be expected to have, a Material Adverse Effect. 

ARTICLE VII. 

NEGATIVE COVENANTS 

So long as any Advance shall remain unpaid or any Bank shall have any Commitment to the Borrower hereunder, without the written consent
of the Majority Banks: 
 Section 7.01. Financial Covenants. The Borrower will not: 

(a) as of the last day of any fiscal quarter for the immediately preceding twelve (12) month period, permit the ratio of
(i) the sum of (A) EBIT of the Borrower, on a Consolidated basis, plus (B) Rent Expense of the Borrower, on a Consolidated basis, to (ii) the sum of (A) Interest Expense of the Borrower, on a Consolidated basis, plus
(B) Rent Expense of the Borrower, on a Consolidated basis, to be less than 1.5 to 1.0, or 
 (b) as of the last day of any
fiscal quarter, permit the ratio (the “Debt to Cash Flow Ratio”) of (i) the sum of (x) Debt of the Borrower, on a Consolidated basis, plus (y) the product of six multiplied by Rent Expense of the Borrower, on a
Consolidated basis, for the immediately preceding twelve-month period, to (ii) the sum of (a) EBITDA of the Borrower, on a Consolidated basis, for the immediately preceding twelve-month period, plus (b) Rent Expense of the
Borrower, on a Consolidated basis, for the immediately preceding twelve-month period to exceed 3.5 to 1.0. 
 Section 7.02.
Negative Pledge. Neither the Borrower nor the Guarantor will create, assume, incur or suffer to exist, or permit any of its respective Subsidiaries to create, assume, incur or suffer to exist, any Lien on or in respect of any of its or their
assets or property used, created or consumed in the operation of its or their business, whether, real, personal, or mixed, whether tangible or intangible, whether now owned or hereafter acquired, including, without limitation, the capital stock of
any Subsidiary of the Borrower, but excluding any margin stock (within the meaning of Regulation U issued by the Board of Governors of the Federal Reserve System), or assign or otherwise convey, or permit any such Subsidiary to assign or
otherwise convey, any right to receive income, in each case to secure or provide for the payment of any Debt of any Person, except Permitted Liens. 

Section 7.03. Merger and Sale of Assets. Neither the Borrower, the Guarantor nor any of their respective Subsidiaries will:

 (a) merge or consolidate with or into any other Person unless (i) (A) either the Borrower or the Guarantor is the
surviving entity, (B) such merger or consolidation is between Subsidiaries (other than the Guarantor (except as would be permitted by clause (A) of this subclause (a)) or (C) such merger or consolidation is between a Subsidiary (other
than the Guarantor (except as would be permitted by clause (A) of this subclause (a))) and another Person (other than the Guarantor (except as would be permitted by clause (A) of this subclause (a))), and

  

 45 

 
(ii) no Default or an event which, with the giving of notice, the lapse of time or both, would constitute a Default, shall have occurred and be continuing at the time of, or shall result
from, such merger or consolidation, or 
 (b) sell, lease or otherwise transfer all or substantially all of the Consolidated
assets of the Borrower in any transaction or series of related transactions outside of the ordinary course of business (including, without limitation, the merger or consolidation of a Subsidiary with a Person which will not thereafter be a
Subsidiary), unless (i) such sales, leases or transfers are between the Borrower, the Guarantor or any of their Subsidiaries, or (ii) the proceeds of such sales, leases and transfers are (A) applied first, to the outstanding
principal balance and interest of the Term Loan Advances (together with all fees and other amounts thereon due under this Agreement) with simultaneous pro tanto Term Loan Commitment reductions, until each is reduced to zero and then second,
to the outstanding principal balance and interest of the Revolving Credit Advances (together with all fees and other amounts thereon due under this Agreement) with simultaneous pro tanto permanent Revolving Credit Commitment reductions, until each
is reduced to zero, and then third, to all other amounts and obligations owing to the Administrative Agent and the Banks under this Agreement and the other Credit Documents, (B) used in the Borrower’s business, or (C) utilized
to fund stock repurchases by the Borrower from time to time authorized by the Borrower’s Board, provided, further, that, notwithstanding the foregoing, no such sale, lease or transfer shall be permitted pursuant to this
Section 7.03(b) if a Default or an event which, with the giving of notice, the lapse of time or both, would constitute a Default, shall have occurred and is continuing at the time of, or result from, any such sale, lease or transfer.

 Section 7.04. Agreements to Restrict Dividends and Certain Transfers. Neither the Borrower nor the Guarantor will
enter into or suffer to exist, or permit any Significant Subsidiary to enter into or suffer to exist, any consensual encumbrance or restriction on the ability of any Significant Subsidiary (a) to pay, directly or indirectly, dividends or make
any other distributions in respect of its capital stock or pay any Debt or other obligation owed to the Borrower or to any Significant Subsidiary or (b) to make loans or advances to the Borrower or any Significant Subsidiary, except those
encumbrances and restrictions existing on the date hereof and described on Schedule IV and those now or hereafter existing that are not more restrictive in any respect than such encumbrances and restrictions described on
Schedule IV. 
 Section 7.05. Transactions with Affiliates. Except as otherwise permitted in
Section 7.03, neither the Borrower nor the Guarantor will make any material sale to, make any material purchase from, extend material credit to, make material payment for services rendered by, or enter into any other material transaction
with, or permit any of their respective Subsidiaries to make, any material sale to, make any material purchase from, extend material credit to, make material payment for services rendered by, or enter into any other material transaction with, any
Affiliate of the Borrower or the Guarantor or of such Subsidiary unless such sales, purchases, extensions of credit, rendition of services and other transactions are (at the time such sale, purchase, extension of credit, rendition of services or
other transaction is entered into) (a) in the ordinary course of business, or (b) on terms and conditions believed by the Borrower to be fair in all material respects to the Borrower or the Guarantor or such Subsidiary, as the case may be.

  

 46 

 Section 7.06. Change of Business. The Borrower, the Guarantor and their Subsidiaries,
on an aggregate basis, will not materially change the general nature of their primary business. 
 Section 7.07. Limitation
on Advances and Investments. Neither the Borrower nor the Guarantor will, or will permit any of their respective Subsidiaries to, make or permit to exist, any loans, advances or capital contributions to, or make any investment in, or purchase or
commit to purchase any stock or other securities or evidences of indebtedness of or interests in any Person which is not, or which will not become in connection with such transaction, a Subsidiary (“Investments”), except the
following: 
 (a) Liquid Investments; 

(b) trade and customer accounts receivable which are for goods furnished or services rendered in the ordinary course of business and are
payable in accordance with customary trade terms; 
 (c) Investments in respect of joint ventures or similar arrangements
relating to the ownership or operation of food service businesses in which the Borrower and its Subsidiaries in the aggregate are the beneficial owners of not less than 50% of the outstanding equity interests; 

(d) Investments not otherwise permitted by this Section 7.07 in any Person, provided that the aggregate amount of such
Investments made and outstanding at any time shall not exceed thirty percent (30%) of the Consolidated assets of the Borrower as set forth on the most recent financial statements of the Borrower and its Consolidated Subsidiaries delivered to
the Banks pursuant to Sections 5.04 or 6.02; and 
 (e) Investments existing on the date hereof and described on
Schedule VI; and 
 (f) Investments by Foreign Subsidiaries in other Subsidiaries or other Persons, provided
that such Investments in other Persons are from the retained earnings of a Foreign Subsidiary or other Person, and any retention by a Subsidiary or other Person of net income. 

Section 7.08. Accounting Practices. The Borrower and each of its Significant Subsidiaries will maintain its books of record and
account in conformity with GAAP. 
 Section 7.09. Debt. The Borrower and the Guarantor will not, and will not permit any
of their respective Subsidiaries to, directly or indirectly, create, incur or suffer to exist any direct, indirect, fixed or contingent liability for any Debt, other than (i) the obligations pursuant to the Credit Documents, (ii) the Debt
described on Schedule VII, (iii) additional Debt of the Borrower which may be guaranteed by the Guarantor (but not guaranteed by any of the Borrower’s or the Guarantor’s Subsidiaries, other than the Guarantor in the case
of Debt of the Borrower), (iv) intercompany Debt and (v) additional Debt of the Guarantor and the Borrower’s and the Guarantor’s Subsidiaries, provided, however, the aggregate of all Debt of the Guarantor and all
such Subsidiaries under this clause (v), whether secured or unsecured, must not exceed $50,000,000 in the aggregate at any one time. 
  

 47 

 ARTICLE VIII. 

DEFAULTS 

Section 8.01. Defaults. If any of the following events (each individually, a “Default”) shall occur and be
continuing: 
 (a) the Borrower (i) shall fail to pay any principal of any Advance when the same becomes due and payable in
accordance with the terms hereof, or (ii) shall fail to pay any interest on any Advance or any fee or other amount to be paid by it hereunder within three (3) Business Days of the date on which such payment is due; or 

(b) any certification, representation or warranty made by the Borrower or the Guarantor herein or by the Borrower or the Guarantor (or
any of their respective officers) in writing (including representations and warranties deemed made pursuant to Sections 2.04(a)(G), or 3.02) under or in connection with any Credit Document shall prove to have been incorrect in any
material respect when made or deemed made; or 
 (c) the Borrower or the Guarantor shall fail to perform or observe (i) any
term, covenant or agreement contained in Section 7.01 on its part to be performed or observed, (ii) any term, covenant or agreement contained in Sections 6.03 or 6.05 (with respect to maintaining the corporate
existence of the Borrower or the Guarantor) or in Article VII (other than Section 7.01) on its part to be performed or observed and such failure shall continue for five (5) days after the date notice thereof shall have
been given to the Borrower or the Guarantor by the Administrative Agent or any Bank, or (iii) any term, covenant or agreement contained in any Credit Document (other than a term, covenant or agreement described in clauses (a),
(b) above and sub-clauses (i) and (ii) of clause (c)) on its part to be performed or observed and such failure shall continue for thirty (30) days after the date notice thereof shall have been
given to the Borrower or the Guarantor by the Administrative Agent or any Bank; or 
 (d) the Borrower, the Guarantor, or any of
their respective Subsidiaries shall fail to pay any principal of or premium or interest on any of its Debt which is outstanding in a principal amount of at least $50,000,000 in the aggregate (excluding Debt consisting of the Advances) when the same
becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), and such failure shall continue after the applicable grace period, if any, specified in the agreement or instrument relating to such
Debt, or any event of default or other event shall occur or condition shall exist under any agreement or instrument creating or evidencing such Debt in such principal amount, and shall continue after the applicable grace period, if any, specified in
such agreement or instrument if the effect of such event or condition is to accelerate, or to permit the holder or holders of any such Debt or any trustee or agent on its or their behalf to accelerate, the maturity of such Debt, provided,
however, a Default or an event which, with the giving of notice, the lapse of time or both, would constitute a Default, shall have occurred or be continuing for purposes of this clause (d) shall not be deemed to exist due to the
acceleration of the maturity of any obligation to a Bank or an affiliate (within the meaning of Regulation U) of a Bank solely by reason of a default in the performance of a term or condition in any agreement or instrument under or by which
such obligation is created, evidenced or secured, which term or condition restricts the right of the Borrower or any other Person to sell, pledge or otherwise dispose of any margin stock (within the meaning of Regulation U) held by the Borrower
or any such other Person; or 
  

 48 

 (e) the Borrower, the Guarantor, or any Significant Subsidiary shall generally not pay its
debts as such debts become due, or shall admit in writing its inability to pay its debts generally, or shall make a general assignment for the benefit of creditors; or any proceeding shall be instituted by or against the Borrower, the Guarantor or
any Significant Subsidiary seeking to adjudicate it a bankrupt or insolvent, or seeking liquidation, winding up, reorganization, arrangement, adjustment, protection, relief, or composition of it or its debts under any law relating to bankruptcy,
insolvency or reorganization or relief of debtors, or seeking the entry of an order for relief or the appointment of a receiver, trustee, or other similar official for it or for any substantial part of its property and, in the case of any such
proceeding instituted against it (but not instituted by it), shall remain undismissed or unstayed for a period of sixty (60) days; or the Borrower, the Guarantor or any Significant Subsidiary shall take any corporate action to authorize any of
the actions set forth above in this clause (e); or 
 (f) any judgment or order against the Borrower, the Guarantor
or any of their respective Consolidated Subsidiaries is rendered for the payment of money in excess of $50,000,000 over the sum of available insurance therefor and adequate cash reserves for which have not been established and set aside solely for
the purpose of payment of such judgment or order and such judgment or order remains unsatisfied and either (i) enforcement proceedings shall have been commenced by the creditor upon such judgment or order or (ii) there shall be any period
of sixty (60) consecutive days during which a stay of enforcement of such judgment or order, by reason of a pending appeal or otherwise, shall not be in effect; or 

(g) the Borrower shall cease to own directly or indirectly 100% of the issued and outstanding voting stock of the Guarantor; or

 (h) any Person shall become, directly or indirectly, the beneficial owner of 50% or more of the outstanding voting common
stock of the Borrower; 
 then, and in any such event, the Administrative Agent (i) shall at the request, or may with the consent, of the
Majority Banks, after providing notice to the Borrower, declare all of the Commitments and the obligation of each Bank to make Advances to be terminated, whereupon all of the Commitments and each such obligation shall forthwith terminate, and
(ii) shall at the request, or may with the consent, of the Majority Banks, by notice to the Borrower declare the Advances, all interest thereon and all other amounts payable by the Borrower and the Guarantor under this Agreement to be forthwith
due and payable, whereupon such Advances, such interest and all such amounts shall become and be forthwith due and payable, without requirement of any presentment, demand, protest, notice of intent to accelerate, further notice of acceleration or
other further notice of any kind (other than the notice expressly provided for above), all of which are hereby expressly waived by the Borrower and the Guarantor, provided, however, that in the event of any Default described in
Section 8.01(e) with respect to the Borrower or the Guarantor, (A) all of the Commitments and the obligation of each Bank to make Advances shall automatically be terminated and (B) the Advances, all such interest and all
such amounts shall automatically become and be due and payable, without presentment, demand, protest, notice of intent to accelerate, notice of acceleration or any other notice of any kind, all of which are hereby expressly waived by the Borrower
and the Guarantor. 
  

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 ARTICLE IX. 

THE ADMINISTRATIVE AGENT 

Section 9.01. Authorization and Action. (a) Each Bank hereby appoints and authorizes the Administrative Agent to take
such action as administrative agent on its behalf and to exercise such powers under this Agreement as are delegated to the Administrative Agent by the terms hereof, together with such powers as are reasonably incidental thereto. As to any matters
not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Advances), the Administrative Agent shall not be required to exercise any discretion or take any action, but shall be required to act or to
refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Majority Banks, and such instructions shall be binding upon all Banks, provided, however, that the Administrative
Agent shall not be required to take any action which exposes the Administrative Agent to personal liability or which is contrary to this Agreement or applicable law. The provisions of this Article are solely for the benefit of the Administrative
Agent and the Banks, and none of the Borrower or the Guarantor shall have any rights as a third party beneficiary of any such provisions. 

(b) The Administrative Agent may perform any of and all its duties and exercise its rights and powers hereunder or under any other Credit
Document by or through any one or more sub-agents (that is/are Affiliate(s) of the Administrative Agent) appointed by the Administrative Agent. The exculpatory provisions of this Article shall apply to any such sub-agent, and shall apply to its
activities in connection with the syndication of the credit facility provided for herein as well as activities as Administrative Agent. 

Section 9.02. Administrative Agent’s Reliance, Etc. Neither the Administrative Agent nor any of its directors, officers,
agents or employees shall be liable to the Banks for any action taken or omitted to be taken by it or them under or in connection with this Agreement, except for its or their own gross negligence or willful misconduct. Without limitation of the
generality of the foregoing, the Administrative Agent: (i) may consult with legal counsel (including counsel for the Borrower), independent public accountants and other experts selected by it and shall not be liable to the Banks for any action
taken or omitted to be taken in good faith by it in accordance with the advice of such counsel, accountants or experts; (ii) makes no warranty or representation to any Bank and shall not be responsible to any Bank for any statements, warranties
or representations (whether written or oral) made in or in connection with this Agreement; (iii) shall not have any duty to ascertain or to inquire as to the performance or observance of any of the terms, covenants or conditions of this
Agreement on the part of the Borrower or to inspect the property (including the books and records) of the Borrower or any of its Subsidiaries; (iv) shall not be responsible to any Bank for the due execution, legality, validity,
enforceability, genuineness, sufficiency or value of this Agreement or any other instrument or document furnished pursuant hereto; (v) shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred
and is continuing; (vi) except as expressly set forth in the Credit Documents, the Administrative Agent shall not have any duty to disclose, 

 

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and shall not be liable for the failure to disclose, any information relating to the Borrower, any Subsidiary or any other Affiliate of any of the foregoing that is communicated to or obtained by
the Person serving as Administrative Agent or any of its Affiliates in any capacity; (vii) shall not be responsible for or have any duty to ascertain or inquire into the satisfaction of any condition set forth in Article III or
elsewhere in any Credit Document, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent or satisfaction of any condition that expressly refers to the matters described therein being acceptable or
satisfactory to the Administrative Agent; (viii) shall incur no liability to the Banks under or in respect of this Agreement by acting upon any notice, consent, certificate or other instrument or writing (which may be by telecopier or other
electronic communications) believed by it to be genuine and signed or sent by the proper party or parties and (ix) shall incur no liability to the Banks under or in respect of this Agreement by acting upon any statement made to it orally or by
telephone and believed by it to be made by the proper Person (including, if applicable, a Financial Officer of such Person). 

Section 9.03. Knowledge of Defaults. The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of
a Default (other than a failure to make a payment of principal of or interest on the Advances) unless the Administrative Agent has received notice from a Bank or the Borrower specifying such Default and stating that such notice is a “Notice of
Default”. In the event that the Administrative Agent receives such a notice of a Default, the Administrative Agent shall give prompt notice thereof to the Banks. The Administrative Agent shall (subject to Section 9.08 hereof) take
such action with respect to such Default as shall be directed by the Majority Banks, 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 as it shall deem advisable in the best interest of the Banks except to the extent that this Agreement expressly requires that such action be taken, or not be taken,
only with the consent or upon the authorization of the Majority Banks or all of the Banks. 
 Section 9.04. Rights of the
Administrative Agent as a Bank. With respect to all its Commitments and the Advances made by it, the Person serving as the Administrative Agent shall have the same rights and powers under this Agreement as any other Bank and may exercise the
same as though it were not the Administrative Agent; and the term “Bank” or “Banks” shall, unless otherwise expressly indicated, include such Person in its individual capacity. Such Person and its Affiliates may accept deposits
from, lend money to, act as trustee under indentures of, act as financial advisor or in any other advisory capacity and generally engage in any kind of business with, the Borrower, any of its Subsidiaries and any Person who may do business with or
own securities of the Borrower or any such Subsidiary, all as if such Person was not the Administrative Agent and without any duty to account therefor to the Banks. 

Section 9.05. Bank Credit Decision. (a) Each Bank acknowledges that it has, independently and without reliance upon the
Administrative Agent or any other Bank and based on the financial statements referred to in Section 5.04 and such other documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this
Agreement. Each Bank also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Bank and based on such documents and information as it shall deem appropriate at the time, continue to make its own
credit decisions in taking or not taking action under this Agreement. 
  

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 (b) Each Bank, by delivering its signature page to this Agreement and funding its Advances
on the Effective Date, or delivering its signature page to an Assignment or an Accession Agreement pursuant to which it shall become a Bank hereunder, shall be deemed to have acknowledged receipt of, and consented to and approved, each Credit
Document and each other document required to be delivered to, or be approved by or satisfactory to, the Administrative Agent or the Banks on the Effective Date. 

Section 9.06. Successor Administrative Agent. The Administrative Agent may resign at any time by giving written notice thereof to
the Banks and the Borrower. Upon any such resignation, the Majority Banks shall have the right to appoint a successor Administrative Agent that, unless a Default shall have occurred and then be continuing, is acceptable to the Borrower. If no
successor Administrative Agent shall have been so appointed by the Majority Banks, and shall have accepted such appointment, within 30 days after the retiring Administrative Agent’s giving of notice of resignation or the Majority Banks’
removal of the retiring Administrative Agent, then the retiring Administrative Agent may, on behalf of the Banks, appoint a successor Administrative Agent, which shall be a commercial bank organized under the laws of the United States of America or
of any State thereof and having total assets of at least $1,000,000,000; provided that if the Administrative Agent shall notify the Borrower and the Banks that no Person satisfying such requirements has accepted such appointment, then such
resignation shall nonetheless become effective in accordance with such notice and (1) the retiring Administrative Agent shall be discharged from its duties and obligations hereunder and under each other Credit Document and with respect to the
transactions contemplated hereby and (2) all payments, communications and determinations provided to be made by, to or through the Administrative Agent shall instead be made by or to each Bank, until such time as the Majority Banks appoint a
successor Administrative Agent as provided for above in this Section. Upon the acceptance of any appointment as Administrative Agent hereunder by a successor Administrative Agent, such successor Administrative Agent shall thereupon succeed to and
become vested with all the rights, powers, privileges and duties of the retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and obligations under this Agreement. After any retiring Administrative
Agent’s resignation or removal hereunder as Administrative Agent, the provisions of this Article IX shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Administrative Agent under this
Agreement. 
 Section 9.07. Joint Lead Arrangers and Bookrunners and Syndication Agent. The Joint Lead Arrangers and
Bookrunners and Syndication Agent named on the cover page of this Agreement, in their capacities as such, shall have no obligation, responsibility or required performance hereunder and shall not become liable in any manner to any party hereto in
respect hereof. 
 Section 9.08. INDEMNIFICATION. THE ADMINISTRATIVE AGENT SHALL NOT BE REQUIRED TO TAKE ANY ACTION
HEREUNDER OR TO PROSECUTE OR DEFEND ANY SUIT IN RESPECT OF THIS AGREEMENT OR THE NOTES, UNLESS INDEMNIFIED TO ITS SATISFACTION BY THE BANKS AGAINST LOSS, COST, LIABILITY AND EXPENSE. IF ANY INDEMNITY FURNISHED TO THE

  

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ADMINISTRATIVE AGENT SHALL BECOME IMPAIRED, IT MAY CALL FOR ADDITIONAL INDEMNITY AND CEASE TO DO THE ACTS INDEMNIFIED AGAINST UNTIL SUCH ADDITIONAL INDEMNITY IS GIVEN. IN ADDITION, THE BANKS,
JOINTLY AND SEVERALLY, AGREE TO INDEMNIFY THE ADMINISTRATIVE AGENT (TO THE EXTENT NOT REIMBURSED BY THE BORROWER OR THE GUARANTOR) FROM AND AGAINST ANY AND ALL LIABILITIES, OBLIGATIONS, LOSSES, DAMAGES, PENALTIES, ACTIONS, AGREEMENTS, SUITS, COSTS,
EXPENSES OR DISBURSEMENTS OF ANY KIND OR NATURE WHATSOEVER WHICH MAY BE IMPOSED ON, INCURRED BY, OR ASSERTED AGAINST THE ADMINISTRATIVE AGENT IN ANY WAY RELATING TO OR ARISING OUT OF THE CREDIT DOCUMENTS OR ANY ACTION TAKEN OR OMITTED BY THE
ADMINISTRATIVE AGENT UNDER THE CREDIT DOCUMENTS, PROVIDED THAT NO BANK SHALL BE LIABLE TO THE ADMINISTRATIVE AGENT FOR ANY PORTION OF SUCH LIABILITIES, OBLIGATIONS, LOSSES, DAMAGES, PENALTIES, ACTIONS, AGREEMENTS, SUITS, COSTS, EXPENSES OR
DISBURSEMENTS RESULTING FROM THE ADMINISTRATIVE AGENT’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT. WITHOUT LIMITATION OF THE FOREGOING, EACH BANK EXPRESSLY AGREES TO INDEMNIFY THE ADMINISTRATIVE AGENT FROM ITS OWN NEGLIGENCE. EACH BANK AGREES TO
REIMBURSE THE ADMINISTRATIVE AGENT PROMPTLY UPON DEMAND FOR ITS RATABLE SHARE OF ANY OUT-OF-POCKET EXPENSES (INCLUDING COUNSEL FEES INCURRED BY THE ADMINISTRATIVE AGENT IN CONNECTION WITH THE PREPARATION, EXECUTION, DELIVERY, ADMINISTRATION,
MODIFICATION, AMENDMENT OR ENFORCEMENT WHETHER THROUGH NEGOTIATIONS, LEGAL PROCEEDINGS OR OTHERWISE OF, OR LEGAL ADVICE IN RESPECT OF RIGHTS OR RESPONSIBILITIES UNDER, THE CREDIT DOCUMENTS) TO THE EXTENT THAT THE ADMINISTRATIVE AGENT IS NOT
REIMBURSED FOR SUCH EXPENSES BY THE BORROWER OR THE GUARANTOR. 
 ARTICLE X. 

MISCELLANEOUS 

Section 10.01. Amendments, Etc. No amendment or waiver of any provision of any Credit Document, nor consent to any departure by
the Borrower or the Guarantor therefrom, shall in any event be effective unless the same shall be in writing and signed by the Borrower and the Majority Banks and then such waiver or consent shall be effective only in the specific instance and for
the specific purpose for which given, provided, however, that no amendment, waiver or consent shall do any of the following: (a) increase any Commitment of any Bank or subject any Bank to any additional obligations without the
consent of such Bank, (b) reduce the principal of, or interest on, any Advances of any Bank or any fees or other amounts payable to any Bank hereunder without the consent of such Bank, (c) postpone any date fixed for any payment of
principal of, or interest on, any Advances or any fees or other amounts payable hereunder without the consent of each affected Bank, (d) change the percentage of any Commitment or of the aggregate unpaid principal amount of any Advances, or the
number of Banks, which shall be required for the Banks or any of them to take any action under this Agreement or any other Credit Document without the consent of each Bank, (e) release the Borrower or the Guarantor or otherwise change any
obligation of the Borrower or the Guarantor 
  

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to pay any amount payable by the Borrower or Guarantor hereunder without the consent of each Bank or (f) amend this Section 10.01 without the consent of each Bank,
provided, further, that no amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent in addition to the Banks required above to take such action, affect the rights or duties of the Administrative
Agent under any Credit Document; and provided, further, that no amendment, waiver or consent shall, unless in writing and signed by the Guarantor in addition to any other party required above to take such action, affect the rights or
duties of the Guarantor under any Credit Document. Notwithstanding anything to the contrary herein, no Defaulting Bank shall have any right to approve or disapprove any amendment, waiver or consent hereunder (and any amendment, waiver or consent
which by its terms requires the consent of all Banks or each affected Bank may be effected with the consent of the applicable Banks other than Defaulting Banks), except that (x) no Commitment of any Defaulting Bank may be increased or extended
without the consent of such Bank and (y) any waiver, amendment or modification requiring the consent of all Banks or each affected Banks that by its terms affects any Defaulting Bank more adversely than other affected Banks shall require the
consent of such Defaulting Bank. 
 Section 10.02. Notices, Etc. All notices and other communications provided for in
this Agreement and each other Credit Document shall be in writing (including telecopy or email communication) and mailed, telecopied or emailed or delivered, if to any Bank as specified on Schedule I hereto or specified pursuant to an
Assignment; if to the Borrower or the Guarantor, as specified opposite its name on Schedule II hereto; or, as to the Borrower, the Guarantor or the Administrative Agent, at such other address as shall be designated by such party in a
prior written notice to the other parties (provided that such address of each of Borrower, Guarantor and the Administrative Agent for notice purposes shall be an address in the United States) and, as to each other party, at such other address as
shall be designated by such party in a prior written notice to the Borrower, the Guarantor and the Administrative Agent. All such notices and communications shall, when mailed, telecopied or emailed, be effective when deposited in the mails, sent by
telecopier to any party to the telecopier number as set forth herein or on Schedule I or Schedule II hereto (or other telecopy number specified by such party in a written notice to the other parties hereto), or sent by email
to the addresses set forth herein or on Schedule I or Schedule II hereto, respectively, except that notices to the Administrative Agent pursuant to Article II or IX shall not be effective until received by
the Administrative Agent by physical delivery or telecopy. 
 Section 10.03. No Waiver; Remedies. No failure on the part
of any Bank or the Administrative Agent to exercise, and no delay in exercising, any right under any Credit Document shall operate as a waiver thereof; nor shall any single or partial exercise of any such right preclude any other or further exercise
thereof or the exercise of any other right. The remedies provided in the Credit Documents are cumulative and not exclusive of any remedies provided by law. Notwithstanding anything to the contrary contained herein or in any Credit Document, the
authority to enforce rights and remedies hereunder and under the Credit Documents against the Borrower and the Guarantor or any of them shall be vested exclusively in, and all actions and proceedings at law in connection with such enforcement shall
be instituted and maintained exclusively by, the Administrative Agent in accordance with Article VIII for the benefit of all the Banks; provided, however, that the foregoing shall not prohibit (a) the Administrative Agent
from exercising on its own behalf the rights and remedies that inure to its benefit (solely in its capacity as Administrative Agent) hereunder, (b) any Bank from exercising 

 

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setoff rights in accordance with Section 10.05, or (c) any Bank from filing proofs of claim or appearing and filing pleadings on its own behalf during the pendency of a
proceeding relative to the Borrower or the Guarantor under any insolvency, bankruptcy, reorganization, receivership or other debtor relief law; and provided, further, that if at any time there is no Person acting as Administrative
Agent hereunder, then (i) the Majority Banks shall have the rights otherwise ascribed to the Administrative Agent pursuant to Article VIII and (ii) in addition to the matters set forth in clauses (b), (c) and (d) of the
preceding proviso, any Bank may, with the consent of the Majority Banks, enforce any rights and remedies available to it and as authorized by the Majority Banks. 

Section 10.04. Costs, Expenses and Taxes. (a) The Borrower agrees to pay on demand (i) all reasonable out-of-pocket
costs and expenses of the Administrative Agent in connection with the preparation, execution, delivery, administration, modification and amendment or waiver of any Credit Document, including, without limitation, the reasonable fees and out-of-pocket
expenses of Morgan, Lewis & Bockius, LLP, special counsel to the Administrative Agent (and in the case of reasonable fees and out-of-pocket expenses of Morgan, Lewis & Bockius LLP in connection with the preparation, execution and
delivery of this Agreement and the other Credit Documents prior to and on the Effective Date, to the extent presented to the Borrower for payment no later than thirty (30) days following the Effective Date), with respect to advising the
Administrative Agent and (ii) all reasonable out-of-pocket costs and expenses, if any (including, without limitation, reasonable counsel fees and expenses), of the Administrative Agent and each Bank in connection with the enforcement (whether
through negotiations, legal proceedings or otherwise) against the Borrower or the Guarantor of any Credit Document. 
 (b) EACH
OF THE BORROWER AND THE GUARANTOR, JOINTLY AND SEVERALLY, AGREES, TO THE FULLEST EXTENT PERMITTED BY LAW, TO INDEMNIFY AND HOLD HARMLESS THE ADMINISTRATIVE AGENT (AND ANY SUB-AGENT THEREOF), THE JOINT LEAD ARRANGERS AND EACH BANK AND EACH OF THEIR
RESPECTIVE AFFILIATES, PARTNERS, DIRECTORS, OFFICERS, EMPLOYEES, AGENTS, ADVISORS, TRUSTEES, REPRESENTATIVES AND CONTROLLING PERSONS (EACH, AN “INDEMNIFIED PERSON”) FROM AND AGAINST ANY AND ALL CLAIMS, DAMAGES, LOSSES, LIABILITIES
AND EXPENSES (INCLUDING, WITHOUT LIMITATION, REASONABLE FEES, DISBURSEMENTS AND OTHER CHARGES OF COUNSEL), FOR WHICH ANY INDEMNIFIED PERSON MAY BECOME LIABLE OR WHICH MAY BE INCURRED BY OR ASSERTED OR AWARDED AGAINST ANY SUCH INDEMNIFIED PERSON BY
THE BORROWER, THE GUARANTOR OR ANY OTHER PERSON, IN EACH CASE IN CONNECTION WITH OR ARISING OUT OF OR BY REASON OF (INCLUDING, WITHOUT LIMITATION, IN CONNECTION WITH ANY INVESTIGATION, LITIGATION, OR PROCEEDING OR PREPARATION OF A DEFENSE IN
CONNECTION THEREWITH, WHETHER OR NOT SUCH INDEMNIFIED PERSON IS A PARTY THERETO), (I) THE EXECUTION OR DELIVERY OF THIS AGREEMENT, ANY OTHER CREDIT DOCUMENT, OR ANY AGREEMENT OR INSTRUMENT CONTEMPLATED HEREBY OR THEREBY, THE PERFORMANCE BY THE
PARTIES HERETO OF THEIR RESPECTIVE OBLIGATIONS HEREUNDER OR THEREUNDER, THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED HEREUNDER OR THEREUNDER, OR IN THE CASE OF THE ADMINISTRATIVE AGENT (AND ANY SUB-AGENT THEREOF) AND ITS RELATED INDEMNIFIED
PERSONS, THE 
  

 55 

 
ADMINISTRATION OF THIS AGREEMENT AND THE OTHER CREDIT DOCUMENTS (INCLUDING IN RESPECT OF ANY MATTERS ADDRESSED IN SECTION 2.15) OR (II) ANY ADVANCES OR THE USE OR PROPOSED USE OF THE PROCEEDS
THEREFROM (IN ALL CASES, WHETHER OR NOT CAUSED OR ARISING, IN WHOLE OR IN PART, OUT OF THE COMPARATIVE, CONTRIBUTORY OR SOLE NEGLIGENCE OF THE INDEMNIFIED PERSON), EXCEPT TO THE EXTENT ANY SUCH CLAIM, DAMAGE, LIABILITY OR EXPENSE IS FOUND IN
A FINAL, NONAPPEALABLE JUDGMENT BY A COURT OF COMPETENT JURISDICTION TO HAVE RESULTED FROM SUCH INDEMNIFIED PERSON’S GROSS NEGLIGENCE, WILLFUL MISCONDUCT OR MATERIAL BREACH OF ANY CREDIT DOCUMENT. EACH OF THE BORROWER AND THE GUARANTOR ALSO
AGREE THAT NO INDEMNIFIED PERSON SHALL HAVE ANY LIABILITY (WHETHER DIRECT OR INDIRECT, IN CONTRACT OR TORT OR OTHERWISE) TO THE BORROWER OR THE GUARANTOR OR THE BORROWER OR GUARANTOR’S RESPECTIVE SUBSIDIARIES OR AFFILIATES OR TO ANY EQUITY
HOLDERS OR CREDITORS OF THE BORROWER OR THE GUARANTOR ARISING OUT OF, RELATED TO OR IN CONNECTION WITH ANY ASPECT OF THE TRANSACTIONS CONTEMPLATED HEREBY, EXCEPT TO THE EXTENT OF DIRECT, AS OPPOSED TO SPECIAL, INDIRECT, CONSEQUENTIAL OR PUNITIVE,
DAMAGES DETERMINED IN A FINAL, NONAPPEALABLE JUDGMENT BY A COURT OF COMPETENT JURISDICTION TO HAVE RESULTED FROM SUCH INDEMNIFIED PERSON’S GROSS NEGLIGENCE, WILLFUL MISCONDUCT OR MATERIAL BREACH OF ANY CREDIT DOCUMENT. NOTWITHSTANDING ANY OTHER
PROVISION CONTAINED HEREIN, NO INDEMNIFIED PERSON SHALL BE LIABLE FOR ANY DAMAGES ARISING FROM THE USE BY OTHERS OF INFORMATION OR OTHER MATERIALS OBTAINED THROUGH ELECTRONIC TELECOMMUNICATIONS OR OTHER INFORMATION TRANSMISSION SYSTEMS, OTHER THAN
FOR DIRECT OR ACTUAL DAMAGES RESULTING FROM THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF SUCH INDEMNIFIED PERSON OR FROM SUCH INDEMNIFIED PERSON’S MATERIAL BREACH OF ANY CREDIT DOCUMENT, IN EACH CASE, AS DETERMINED BY A FINAL AND NONAPPEALABLE
JUDGMENT OF A COURT OF COMPETENT JURISDICTION. 
 Section 10.05. Right of Set-off. Upon (a) the occurrence and
during the continuance of a Default pursuant to Section 8.01(a) or (b) the making of the request or the granting of the consent specified by Section 8.01 to authorize the Administrative Agent to declare the Advances due
and payable pursuant to the provisions of Section 8.01, each Bank (other than a Defaulting Bank) is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits
(general or special, time or demand, provisional or final) at any time held and other indebtedness at any time owing by such Bank or any affiliate of such Bank to or for the credit or the account of the Borrower or the Guarantor (but not any other
Person) against any and all of the obligations of the Borrower or the Guarantor now or hereafter existing under the Credit Documents, irrespective of whether or not such Bank shall have made any demand under this Agreement or any Credit Document and
although such obligations may be unmatured, provided that no Bank shall exercise such set-off rights with respect to deposits that such Bank knows are held by the Borrower or the Guarantor for the benefit of another Person (such deposits,
“Third Party Funds”), and each Bank agrees that if it has exercised its set-off rights under this Section 10.05 with respect to Third Party Funds, such Bank shall promptly

  

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return such Third Party Funds to the Borrower or the Guarantor, as applicable, provided further that in the event that any Defaulting Bank shall receive any property of the Borrower or
Guarantor or payment (including by purported right of set off or otherwise), (x) all amounts so received shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of
Section 2.18 and, pending such payment, shall be segregated by such Defaulting Bank from its other funds and deemed held in trust for the benefit of the Administrative Agent and the other Banks, and (y) the Defaulting Bank shall
provide promptly to the Administrative Agent a statement describing in reasonable detail the Debt and other obligations owing to such Defaulting Bank as to which it received such property or payment. Each Bank agrees to notify the Borrower and the
Guarantor promptly after such set-off and application made by such Bank, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of each Bank under this Section 10.05
are in addition to other rights and remedies (including, without limitation, other rights of set-off) which such Bank may have. 

Section 10.06. Bank Assignments and Participations. (a) Assignments. Any Bank may assign to one or more banks or other
entities all or any portion of its rights and obligations under this Agreement (including, without limitation, all or a portion of any of its Revolving Credit Commitments or Term Loan Commitments, any Advances owing to it, and any Notes held by it)
with the consent, not to be unreasonably withheld, of the Administrative Agent, provided, however, that (i) each such assignment of an assigning Bank’s Revolving Credit Commitment or Term Loan Commitment shall be of a
constant, and not a varying, percentage of all of such Bank’s rights and obligations under this Agreement in respect of such Revolving Credit Commitment or Term Loan Commitment, (ii) the amount of each such resulting Revolving Credit
Commitment or Term Loan Commitment, as applicable, and applicable Advances of the assigning Bank (unless it is assigning all its Revolving Credit Commitment or Term Loan Commitment) and the assignee Bank pursuant to each such assignment (determined
as of the date of the Assignment with respect to such assignment) shall in no event be less than $10,000,000 for any applicable Commitment and shall be an integral multiple of $1,000,000 (unless each of the Borrower and the Administrative Agent
consents), (iii) each such assignment shall be to an Eligible Assignee, (iv) the parties to each such assignment shall execute and deliver to the Administrative Agent, for its acceptance and recording in the Register, an Assignment,
together with any Note or Notes subject to such assignment, and shall pay all legal and other expenses in respect of such assignment and (v) the assignor or the assignee shall pay to the Administrative Agent an assignment fee of $3,500 in
connection with such assignment (which shall be waivable by the Administrative Agent in its sole discretion). Upon such execution, delivery, acceptance and recording, from and after the effective date specified in each Assignment, which effective
date shall be at least three (3) Business Days after the execution thereof, (A) the assignee thereunder shall be a party hereto for all purposes and, to the extent that rights and obligations hereunder have been assigned to it pursuant to
such Assignment, have the rights and obligations of a Revolving Credit Bank or Term Loan Bank, as applicable, hereunder and (B) such Bank thereunder shall, to the extent that rights and obligations hereunder have been assigned by it pursuant to
such Assignment, relinquish its rights and be released from its obligations to lend under this Agreement (and, in the case of an Assignment covering all or the remaining portion of such Bank’s rights and obligations under this Agreement, such
Bank shall cease to be a party hereto). 
  

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 (b) Terms of Assignments. By executing and delivering an Assignment, the Bank
thereunder and the assignee thereunder confirm to and agree with each other and the other parties hereto the matters set forth in paragraphs 2 and 3 of such Assignment. 

(c) The Register. The Administrative Agent shall maintain at its address referred to on Schedule I a copy of each
Assignment delivered to and accepted by it and a register for the recordation of the names and addresses of the Banks and all Commitments of, and principal amount of all Advances owing to, each Bank from time to time (the
“Register”). The entries in the Register shall be conclusive and binding for all purposes, absent error, and the Borrower, the Guarantor, the Administrative Agent and the Banks may treat each Person whose name is recorded in the
Register as a Bank hereunder for all purposes of this Agreement. In addition, the Administrative Agent shall maintain on the Register information regarding the designation, and revocation of designation, of any Bank as a Defaulting Bank. The
Register shall be available for inspection by the Borrower, the Guarantor or any Bank at any reasonable time and from time to time upon reasonable prior notice. 

(d) Procedures. Upon its receipt of an Assignment executed by a Bank and an assignee pursuant to the terms of this Agreement, the
Administrative Agent shall, if such Assignment has been completed and is in substantially the form of the attached Exhibit C, and otherwise in conformity with this Section 10.06, (i) accept such Assignment, (ii) record
the information contained therein in the Register, and (iii) give prompt notice thereof to the Borrower and the Guarantor. Within five (5) Business Days after its receipt of such notice, the Borrower, at its own expense, shall, if the
assignee shall so request, execute and deliver to the Administrative Agent, in exchange for any surrendered Note, a new Note to the order of such assignee in an amount equal to the applicable Commitment assumed by it pursuant to such Assignment and,
if such assigning Bank has retained any Commitment hereunder and so requests, a new Note to the order of such Bank in an amount equal to the Commitment retained by it hereunder. Such new Notes shall be dated the effective date of such Assignment and
shall otherwise be in substantially the form of the attached Exhibit A-1 or Exhibit A-2, as applicable. 

(e) Participations. Each Bank may sell participations to one or more banks or other entities (other than a Defaulting Bank) in or
to all or a portion of its rights and obligations under this Agreement (including, without limitation, all or a portion of any of its Commitments, any Advances owing to it, and any Notes held by it), provided, however, that
(i) such Bank’s obligations under this Agreement (including, without limitation, all of its Commitments to the Borrower hereunder) shall remain unchanged, (ii) such Bank shall remain solely responsible to the other parties hereto
for the performance of such obligations, (iii) such Bank shall remain the holder of any such Notes for all purposes of this Agreement, (iv) the Borrower, the Guarantor, the Administrative Agent and the other Banks shall continue to deal
solely and directly with such Bank in connection with such Bank’s rights and obligations under this Agreement and shall have no duties or responsibilities to the participant, (v) such Bank shall not require the participant’s consent
to any matter under this Agreement, except for changes in the principal amount of such Bank’s Commitment, any Note payable to such Bank, in each case, in which the participant has an interest, reductions in such Bank’s fees or interest, in
which the participant has an interest, the date any amount in which the participant has an interest is due to such Bank hereunder, or extending the Termination Date, and (vi) such Bank shall give prompt notice to the Borrower of each such
participation sold by such Bank. No participant shall have any rights under any provisions of any of the Credit Documents. 
  

 58 

 (f) Permitted Assignments. Notwithstanding any other provision set forth in this
Agreement, any Bank may assign all or any portion of its rights under this Agreement (including, without limitation, rights to payments of principal and/or interest under any Notes held by it) to any subsidiary of such Bank or to any Federal Reserve
Bank, without notice to or consent from the Borrower or the Administrative Agent, provided, however, that such Bank shall not be released from any of its obligations hereunder as a result of such assignment. 

(g) Certain Additional Payments. In connection with any assignment of rights and obligations of any Defaulting Bank hereunder, no
such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the Administrative Agent in an aggregate amount sufficient, upon
distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with the consent of the Borrower and the Administrative Agent,
the applicable pro rata share of Advances previously requested, required to be funded, but not funded by the Defaulting Bank, to each of which the applicable assignee and assignor hereby irrevocably consent), to (x) pay and satisfy in full all
payment liabilities then owed by such Defaulting Bank to the Administrative Agent or any Banks hereunder (and interest accrued thereon) and (y) acquire (and fund as appropriate) its full pro rata share of all Advances in accordance with its
applicable Commitment. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Bank hereunder shall become effective under applicable law without compliance with the provisions of this paragraph,
then the assignee of such interest shall be deemed to be a Defaulting Bank for all purposes of this Agreement until such compliance occurs. 

Section 10.07. Governing Law. This Agreement, the Notes and the other Credit Documents shall be governed by, and construed in
accordance with, the laws of the State of Texas (except that Chapter 346 of the Texas Finance Code, which regulates certain revolving credit loan accounts, shall not apply to this Agreement or any other Credit Document). 

Section 10.08. Interest. (a) It is the intention of the parties hereto that the Administrative Agent and each Bank shall
conform strictly to Applicable Usury Laws from time to time in effect. Accordingly, if the transactions with the Administrative Agent or any Bank contemplated hereby would be usurious under Applicable Usury Laws, then, in that event, notwithstanding
anything to the contrary in this Agreement, the Notes, or any other agreement entered into in connection with or as security for this Agreement or the Notes, it is agreed as follows: (i) the aggregate of all consideration which constitutes
interest under Applicable Usury Laws that is contracted for, taken, reserved, charged or received by the Administrative Agent or such Bank, as the case may be, under this Agreement, the Notes, or under any other agreement entered into in connection
with or as security for this Agreement or the Notes shall under no circumstances exceed the maximum amount allowed by such Applicable Usury Laws and any excess shall be canceled automatically and, if theretofore paid, shall at the option of the
Administrative Agent or such Bank, as the case may be, be credited by the Administrative Agent or such Bank, as the case may be, on the principal amount of the obligations owed to the 

 

 59 

 
Administrative Agent or such Bank, as the case may be, by the Borrower or refunded by the Administrative Agent or such Bank, as the case may be, to the Borrower, and (ii) in the event that
the maturity of any Advance or other obligation payable to the Administrative Agent or such Bank, as the case may be, is accelerated or in the event of any required or permitted prepayment, then such consideration that constitutes interest under
Applicable Usury Laws, may never include more than the maximum amount allowed by such Applicable Usury Laws and excess interest, if any to the Administrative Agent or such Bank, as the case may be, provided for in this Agreement or otherwise shall
be canceled automatically as of the date of such acceleration or prepayment and, if theretofore paid, shall, at the option of the Administrative Agent or such Bank, as the case may be, be credited by the Administrative Agent or such Bank, as the
case may be, on the principal amount of the obligations owed to the Administrative Agent or such Bank, as the case may be, by the Borrower or refunded by the Administrative Agent or such Bank, as the case may be, to the Borrower. 

(b) In the event that at any time the rate of interest applicable to any Advance made by any Bank would exceed the Maximum Rate, thereby
causing the interest payable under this Agreement or the Notes to be limited to the Maximum Rate, then any subsequent reductions in the applicable rate of interest hereunder or under the Notes shall not reduce the rate of interest charged hereunder
or under the Notes below the Maximum Rate until the total amount of interest accrued under this Agreement and the Notes from and after the date hereof equals the amount of interest that would have accrued hereon or thereon if the rates of interest
otherwise applicable to this Agreement and the Notes (without limitation by the Maximum Rate) had at all times been in effect. In the event that upon the final payment of all of the Advances made by any Bank and termination of all of the Commitments
of such Bank, the total amount of interest paid to such Bank hereunder and under the Notes is less than the total amount of interest which would have accrued if the interest rates applicable to such Advances pursuant to Section 2.07(a) and
(b) had at all times been in effect, then the Borrower agrees to pay to such Bank, to the extent permitted by Applicable Usury Laws, an amount equal to the excess of (a) the lesser of (i) the amount of interest which would have
accrued on such Advances if the Maximum Rate had at all times been in effect or (ii) the amount of interest rates applicable to such Advances pursuant to Section 2.07(a) and (b) had at all times been in effect over (b) the
amount of interest otherwise accrued on such Advances in accordance with this Agreement. 
 (c) The maximum non-usurious rate of
interest shall be determined, subject to any applicable Federal law to the extent that it permits Banks to contract for, charge, reserve or receive a greater amount of interest than under the Texas Finance Code or other laws of the State of Texas,
by utilizing the applicable weekly ceiling from time to time in effect pursuant to Chapter 303 of the Texas Finance Code. Pursuant to Section 346.004 of the Texas Finance Code, the parties hereto agree that in no event will the provisions
of Chapter 346 of the Texas Finance Code be applicable to the transactions contemplated by the Credit Documents. 
 Section
10.09. Execution in Counterparts. This Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken
together shall constitute one and the same agreement. 
  

 60 

 Section 10.10. Survival of Agreements, Representations and Warranties, Etc. All
warranties, representations and covenants made by the Borrower or the Guarantor or any officer of the Borrower or the Guarantor herein or in any certificate or other document delivered in connection with this Agreement shall be considered to have
been relied upon by the Banks and shall survive the issuance and delivery of the Notes and the making of the Advances regardless of any investigation. The indemnities and other obligations of the Borrower contained in this Agreement, and the
indemnities by the Banks in favor of the Agent and its officers, directors, employees and agents, will survive the repayment of the Advances and the termination of this Agreement. 

Section 10.11. The Borrower’s Right to Apply Deposits. In the event that any Bank is placed in receivership or enters a
similar proceeding, the Borrower may, to the full extent permitted by law, make any payment due to such Bank hereunder, to the extent of finally collected unrestricted deposits of the Borrower in U.S. Dollars held by such Bank, by giving notice to
the Administrative Agent and such Bank directing such Bank to apply such deposits to such indebtedness. If the amount of such deposits is insufficient to pay such indebtedness then due and owing in full, the Borrower shall pay the balance of such
insufficiency in accordance with this Agreement. 
 Section 10.12. Confidentiality. Each Bank and the Administrative
Agent agree that they will not disclose without the prior consent of the Borrower and the Guarantor (other than to the Joint Lead Arrangers or any Bank and the affiliates, employees, agents, auditors, accountants, counsel, representatives or other
professional advisors (legal or otherwise) of the Administrative Agent, the Joint Lead Arrangers or any Bank who have a contractual, fiduciary or professional duty to maintain the confidentiality of the information and not breach such duty) any
information with respect to the Borrower or the Guarantor or their Subsidiaries which is furnished pursuant to this Agreement and which is not disclosed in an SEC Filing, a report to stockholders, a press release, or has otherwise become generally
available to the public otherwise than through a breach hereof (the “Confidential Information”), provided that any Bank may disclose any such Confidential Information (a) as may be required or appropriate in any report,
statement or testimony submitted to or required by any municipal, state or Federal regulatory body having or claiming to have jurisdiction over such Bank or submitted to or required or requested by the Board of Governors of the Federal Reserve
System or the Federal Deposit Insurance Corporation or similar organizations (whether in the United States of America or elsewhere) or their successors, (b) as may be required or appropriate in response to any summons or subpoena in connection
with any litigation, (c) in order to comply with any law, order, regulation or ruling applicable to such Bank, and (d) to an assignee or participant or prospective assignee or participant in connection with any contemplated transfer of any
of the Notes or any interest therein by such Bank, provided that (i) such assignee or participant or prospective assignee or participant executes an agreement with the Borrower and the Guarantor agreeing to comply with the provisions
contained in this Section 10.12 and (ii) unless a Default has occurred and is continuing, no Confidential Information may be disclosed to any participant or prospective participant, other than a participant or a prospective
participant that is (A) a Bank or any Affiliate of any Bank or (B) a commercial bank or financial institution, in each case with an office in the United States of America, without the Company’s prior written consent. In the event that
the Administrative Agent or any Bank becomes legally compelled or otherwise obligated to disclose any of the Confidential Information (other than to regulatory or supervisory authorities having

  

 61 

 
jurisdiction over such Bank) and unless otherwise prohibited by applicable laws or regulations, such Person will promptly, after obtaining knowledge of its obligation to disclose such
information, provide the Borrower with notice so that the Borrower may seek a protective order or other appropriate remedy or waive compliance with this Section. In the event such protective order or other remedy is not obtained, such Person will
furnish only that portion of the Confidential Information which it is advised by legal counsel is legally required and will exercise its best efforts to obtain reliable assurances that confidential treatment will be accorded the Confidential
Information. In the event that compliance with this Section is waived by the Borrower, such Person may disclose any and all information at issue without liability to the Borrower, the Guarantor or any other Person. Notwithstanding the foregoing, the
Administrative Agent and each Bank may, and the Borrower hereby authorizes the Administrative Agent and each Bank to, include references to the Borrower, its Subsidiaries and the Guarantor, and utilize any logo or other distinctive symbol associated
with the Borrower, its Subsidiaries and the Guarantor, solely in connection with any advertising, promotion or marketing undertaken by the Administrative Agent or such Bank in the ordinary course of its business, or, subject to the Borrower’s
prior review and approval of any such action by the Administrative Agent or such Bank (which approval shall not be unreasonably withheld), outside of the ordinary course of its business. Each of the Administrative Agent and the Banks acknowledges
that (a) it has no interest or right in any logo or other distinctive symbol associated with the Borrower, its Subsidiaries or the Guarantor, except for the limited right to use as expressly permitted by the preceding sentence, and no other
rights of any kind are granted hereunder, by implication or otherwise, and (b) the Borrower, such Subsidiary or the Guarantor, as applicable, is the sole and exclusive owner of all right, title and interest in such logo or other distinctive
symbol associated with the Borrower, its Subsidiaries or the Guarantor. 
 Section 10.13. Binding Effect. This Agreement
shall be binding upon and inure to the benefit of the Borrower, the Guarantor, the Administrative Agent, each Bank and their respective successors and permitted assigns, except that the Borrower and the Guarantor shall not have the right to assign
any of their respective rights hereunder or any interest herein without the prior written consent of the Banks. The rights of the Banks to assign this Agreement are set forth in and are subject to the provisions of Section 10.16. 

Section 10.14. ENTIRE AGREEMENT. PURSUANT TO SECTION 26.02 OF THE TEXAS BUSINESS AND COMMERCE CODE, A LOAN AGREEMENT
IN WHICH THE AMOUNT INVOLVED IN THE LOAN AGREEMENT EXCEEDS $50,000 IN VALUE IS NOT ENFORCEABLE UNLESS THE LOAN AGREEMENT IS IN WRITING AND SIGNED BY THE PARTY TO BE BOUND OR THAT PARTY’S AUTHORIZED REPRESENTATIVE. 

THE RIGHTS AND OBLIGATIONS OF THE PARTIES TO AN AGREEMENT SUBJECT TO THE PRECEDING PARAGRAPH SHALL BE DETERMINED SOLELY FROM THE WRITTEN
LOAN AGREEMENT, AND ANY PRIOR ORAL AGREEMENTS BETWEEN THE PARTIES ARE SUPERSEDED BY AND MERGED INTO THE LOAN AGREEMENT. THIS WRITTEN AGREEMENT, THE CREDIT DOCUMENTS, THE COMMITMENT LETTER, THE BANK OF AMERICA FEE LETTER, THE JPMCB FEE LETTER AND THE
UPFRONT FEE LETTER REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. 

 

 62 

 
THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES; PROVIDED THAT IN CASE OF A CONFLICT BETWEEN THE COMMITMENT LETTER AND THIS AGREEMENT, THIS AGREEMENT SHALL CONTROL. 

Section 10.15. USA PATRIOT ACT. Each Bank that is subject to the Act (as hereinafter defined) and the Administrative Agent (for
itself and not on behalf of any Bank) hereby notifies the Borrower and the Guarantor that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”), it is
required to obtain, verify and record information that identifies the Borrower, the Guarantor and their respective Subsidiaries, which information includes the name and address of the Borrower and other information that will allow such Bank or the
Administrative Agent, as applicable, to identify the Borrower, the Guarantor and their respective Subsidiaries in accordance with the Act. The Borrower, the Guarantor and their respective Subsidiaries shall, promptly following a reasonable request
by the Administrative Agent or any Bank, provide all documentation and other information that the Administrative Agent or such Bank requests in order to comply with its ongoing obligations under applicable “know your customer” and
anti-money laundering rules and regulations, including the Act. 
 Section 10.16. No Fiduciary Relationship. Each of the
Borrower and the Guarantor, on behalf of itself and its Subsidiaries, agrees that in connection with all aspects of the transactions contemplated hereby and any communications in connection therewith, the Borrower, the Guarantor, the other
Subsidiaries and their Affiliates, on the one hand, and the Administrative Agent, the Banks and their Affiliates, on the other hand, will have a business relationship that does not create, by implication or otherwise, any fiduciary duty on the part
of the Administrative Agent, the Banks or their Affiliates, and no such duty will be deemed to have arisen in connection with any such transactions or communications. 

Section 10.17. Severability. If any provision of this Agreement or the other Credit Documents is held to be illegal, invalid or
unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement and the other Credit Documents shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith
negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a
particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. Without limiting the foregoing provisions of this Section 10.17, if and to the extent that the enforceability of any
provisions in this Agreement relating to Defaulting Bank shall be limited by any insolvency, bankruptcy, reorganization, receivership or other debtor relief law, as determined in good faith by the Administrative Agent, then such provisions shall be
deemed to be in effect only to the extent not so limited. 
 Section 10.18. Waiver of Jury Trial. EACH PARTY
HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT OR
THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT 
  

 63 

 
OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT,
IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER CREDIT DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS
AND CERTIFICATIONS IN THIS SECTION. THE ADMINISTRATIVE AGENT, THE BORROWER AND GUARANTOR EACH HEREBY ACKNOWLEDGE THAT THE UNITED STATES ADDRESS DESIGNATED PURSUANT TO SECTION 10.02 SHALL BE SUCH PERSON’S ADDRESS FOR PURPOSES OF SERVICE
OF PROCESS HEREUNDER. 
 [The balance of this page has been intentionally left blank.] 

 

 64 

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

			
	BORROWER:
	
	BRINKER INTERNATIONAL, INC.
		
	By:	 	 /s/ Charles M. Sonsteby

	Name:	 	Charles M. Sonsteby
	Title:	 	Executive Vice President and
Chief Financial Officer
	
	GUARANTOR:
	
	BRINKER RESTAURANT CORPORATION
		
	By:	 	 /s/ Jeffrey Hoban

	Name:	 	Jeffrey Hoban
	Title:	 	Vice President

  

 [Signature Page to Credit Agreement] 

			
	ADMINISTRATIVE AGENT:
	
	BANK OF AMERICA, N.A.
		
	By:	 	 /s/ Mollie S. Canup

	Name:	 	Mollie S. Canup
	Title:	 	Vice President

  

 [Signature Page to Credit Agreement] 

 REVOLVING CREDIT BANKS AND TERM LOAN BANKS: 

 

					
	Revolving Credit Commitment:	 	BANK OF AMERICA, N.A.
			
	$32,000,000.00	 		 	
			
		 	By:	 	 /s/ John H. Schmidt

		 	Name:	 	John H. Schmidt
	Term Loan Commitment:	 	Title:	 	Vice President
			
	$32,000,000.00	 		 	

  

 [Signature Page to Credit Agreement] 

					
	 Revolving Credit Commitment:
	 	JPMORGAN CHASE BANK, N.A.
			
	$32,000,000.00	 		 	
			
		 	 By:
	 	 /s/ James R. Dolphin

		 	Name:	 	James R. Dolphin
	Term Loan Commitment:	 	Title:	 	Managing Director
			
	$32,000,000.00	 		 	

  

 [Signature Page to Credit Agreement] 

					
	Revolving Credit Commitment:	 	REGIONS BANK
			
	$22,000,000.00	 		 	
			
	Term Loan Commitment:	 	By:	 	 /s/ Brad Campbell

		 	Name:	 	Brad Campbell
	$22,000,000.00	 	Title:	 	Vice President

  

 [Signature Page to Credit Agreement] 

					
	Revolving Credit Commitment:	 	COMPASS BANK
			
	$22,000,000.00	 		 	
			
	Term Loan Commitment:	 	By:	 	 /s/ Ramon Garcia

		 	Name:	 	Ramon Garcia
	$22,000,000.00	 	Title:	 	Vice President

  

 [Signature Page to Credit Agreement] 

					
	Revolving Credit Commitment:	 	WELLS FARGO BANK, N.A.
			
	$22,000,000.00	 		 	
			
	Term Loan Commitment:	 	By:	 	 /s/ Darcy McLaren

		 	Name:	 	Darcy McLaren
	$22,000,000.00	 	Title:	 	Vice President

  

 [Signature Page to Credit Agreement] 

					
	Revolving Credit Commitment:	 	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.
			
	$17,500,000.00	 		 	
			
	Term Loan Commitment:	 		 	
		 	By:	 	 /s/ D. Barnell

	$17,500,000.00	 	Name:	 	D. Barnell
		 	Title:	 	Authorized Signatory

  

 [Signature Page to Credit Agreement] 

					
	Revolving Credit Commitment:	 	US BANK NATIONAL ASSOCIATION
			
	$17,500,000.00	 		 	
			
	Term Loan Commitment:	 	By:	 	 /s/ Blake Malia

		 	Name:	 	Blake Malia
	$17,500,000.00	 	Title:	 	Vice President

  

 [Signature Page to Credit Agreement] 

					
	Revolving Credit Commitment:	 	COMERICA BANK
			
	$12,500,000.00	 		 	
			
	Term Loan Commitment:	 	By:	 	 /s/ Catherine M. Young

		 	Name:	 	Catherine M. Young
	$12,500,000.00	 	Title:	 	Vice President

  

 [Signature Page to Credit Agreement] 

					
	Revolving Credit Commitment:	 	RAYMOND JAMES BANK, FSB
			
	$12,500,000.00	 		 	
			
	Term Loan Commitment:	 	By:	 	 /s/ Thomas F. Macina

		 	Name:	 	Thomas F. Macina
	$12,500,000.00	 	Title:	 	Executive Vice President

  

 [Signature Page to Credit Agreement] 

					
	Revolving Credit Commitment:	 	GREENSTONE FARM CREDIT SERVICES, ACA/FLCA
			
	$10,000,000.00	 		 	
			
	Term Loan Commitment:	 		 	
		 	By:	 	 /s/ Jeff Pavlik

	$10,000,000.00	 	Name:	 	Jeff Pavlik
		 	Title:	 	Vice President

  

 [Signature Page to Credit Agreement] 

 EXHIBIT A-1 

FORM OF REVOLVING CREDIT NOTE 
  

			
	 U.S.$            
	  	Dated: [                    ], 
20        

 FOR VALUE RECEIVED, the undersigned, Brinker
International, Inc., a Delaware corporation (the “Borrower”), HEREBY PROMISES TO PAY to the order of                  (the “Revolving
Credit Bank”) or its registered assigns, for the account of its Applicable Lending Office (as defined in the Credit Agreement referred to below) or any other office designated by the Revolving Credit Bank, the principal amount of each
Revolving Credit Advance (as defined below) made by the Revolving Credit Bank to the Borrower pursuant to the Credit Agreement on the date such Revolving Credit Advance is due and payable as set forth in the Credit Agreement. 

The Borrower promises to pay interest on the unpaid principal amount of each Revolving Credit Advance from the date of such Revolving
Credit Advance until such principal amount is paid in full, at such interest rates, and payable at such times, as are specified in the Credit Agreement. 

The Borrower further promises to pay interest, on demand, on any overdue principal and, to the extent permitted by applicable law,
overdue interest from their due dates at such interest rates as are specified in the Credit Agreement. 
 Both principal and
interest are payable in lawful money of the United States of America to Bank of America, N.A., as Administrative Agent, at the Administrative Agent’s Office (as defined in the Credit Agreement referred to below), in same day funds. Each
Revolving Credit Advance made by the Revolving Credit Bank to the Borrower and the maturity thereof, and all payments made on account of principal thereof and interest thereon and the respective dates thereof, shall be recorded by the Revolving
Credit Bank and, prior to any transfer hereof, endorsed on the grid attached hereto which is part of this Revolving Credit Note; provided, however, that failure of the Revolving Credit Bank to make such notation or any error therein
shall not in any manner affect the obligations of the Borrower under this Revolving Credit Note or the Credit Agreement. 
 This
Revolving Credit Note is one of the Notes referred to in, and is subject to and entitled to the benefits of, the Credit Agreement, dated as of June 22, 2010 (as it may be amended, amended and restated, restated, supplemented or modified from
time to time in accordance with its terms, the “Credit Agreement”), among the Borrower, Brinker Restaurant Corporation, a Delaware corporation, as Guarantor, the Revolving Credit Bank and certain other banks parties thereto
(collectively, the “Banks”) and Bank of America, N.A., as Administrative Agent for the Banks. The Credit Agreement, among other things, (a) provides for the making of revolving credit advances (the “Revolving Credit
Advances”) by the Revolving Credit Bank to the Borrower from time to time pursuant to Section 2.01(a) of the Credit Agreement in an aggregate outstanding amount not to exceed at any time the U.S. dollar amount first above
mentioned and (b) contains provisions for acceleration of the maturity hereof upon the happening of certain stated events and also for prepayments on account of principal hereof prior to the maturity hereof upon the terms and conditions therein
specified. Capitalized terms used herein 

 
which are not defined herein and are defined in the Credit Agreement are used herein as therein defined. 

The Borrower hereby waives presentment for payment, notice of nonpayment, demand, protest, notice of protest, notice of dishonor, notice
of intent to accelerate, notice of acceleration and any other notice of any kind, except as provided in the Credit Agreement. No failure to exercise, and no delay in exercising, any rights hereunder on the part of the holder hereof shall operate as
a waiver of such rights. 
 This Revolving Credit Note and the Revolving Credit Advances evidenced hereby may be transferred in
whole or in part only by registration of such transfer on the Register maintained for such purpose by or on behalf of the undersigned as provided in Section 10.06(c) of the Credit Agreement. 

This Revolving Credit Note shall be governed by, and construed in accordance with, the laws of the State of Texas (except that Chapter
346 of the Texas Finance Code, which regulates certain revolving credit loan accounts, shall not apply to this Revolving Credit Note). 
  

			
	BRINKER INTERNATIONAL, INC.
	
		
	By:	 	 
		
	Name:	 	 
		
	Title:	 	 

  

 A-2 

 REVOLVING CREDIT ADVANCES, MATURITIES 

AND PAYMENTS OF PRINCIPAL AND INTEREST 
  

													
	 Borrowing
Date
	 	Amount and
Type
of
Revolving
Credit
Advance	 	Rate
of
Interest
Applicable
to 
Revolving
Credit
Advance	 	Amount of
Principal
Paid
or
Prepaid	 	Amount of
Interest
Paid or
Prepaid	 	Unpaid
Principal

Balance	 	Notation
Made By
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	

  

 A-3 

 EXHIBIT A-2 

FORM OF TERM LOAN NOTE 
  

			
	U.S. $            	  	Dated: [                    ],
20        

 FOR VALUE RECEIVED, the undersigned, Brinker
International, Inc., a Delaware corporation (the “Borrower”), HEREBY PROMISES TO PAY to the order of                  (the “Term Loan
Bank”) or its registered assigns, for the account of its Applicable Lending Office (as defined in the Credit Agreement referred to below) or any other office designated by the Term Loan Bank, the principal amount of each Term Loan Advance
(as defined below) made by the Term Loan Bank to the Borrower pursuant to the Credit Agreement on the date such Term Loan Advance is due and payable as set forth in the Credit Agreement. 

The Borrower promises to pay interest on the unpaid principal amount of each Term Loan Advance from the date of such Term Loan Advance
until such principal amount is paid in full, at such interest rates, and payable at such times, as are specified in the Credit Agreement. 

The Borrower further promises to pay interest, on demand, on any overdue principal and, to the extent permitted by applicable law,
overdue interest from their due dates at such interest rates as are specified in the Credit Agreement. 
 Both principal and
interest are payable in lawful money of the United States of America to Bank of America, N.A., as Administrative Agent, at the Administrative Agent’s Office (as defined in the Credit Agreement referred to below), in same day funds. Each Term
Loan Advance made by the Term Loan Bank to the Borrower and the maturity thereof, and all payments made on account of principal thereof and interest thereon and the respective dates thereof, shall be recorded by the Term Loan Bank and, prior to any
transfer hereof, endorsed on the grid attached hereto which is part of this Term Loan Note; provided, however, that failure of the Term Loan Bank to make such notation or any error therein shall not in any manner affect the obligations
of the Borrower under this Term Loan Note or the Credit Agreement. 
 This Term Loan Note is one of the Notes referred to in,
and is subject to and entitled to the benefits of, the Credit Agreement, dated as of June 22, 2010 (as it may be amended, amended and restated, restated, supplemented or modified from time to time in accordance with its terms, the
“Credit Agreement”), among the Borrower, Brinker Restaurant Corporation, a Delaware corporation, as Guarantor, the Term Loan Bank and certain other banks parties thereto (collectively, the “Banks”) and Bank of
America, N.A., as Administrative Agent for the Banks. The Credit Agreement, among other things, (a) provides for the making of term loan advances (the “Term Loan Advances”) by the Term Loan Bank to the Borrower on the Effective
Date pursuant to Section 2.01(b) of the Credit Agreement in an aggregate outstanding amount not to exceed at any time the U.S. dollar amount first above mentioned and (b) contains provisions for acceleration of the maturity hereof
upon the happening of certain stated events and also for prepayments on account of principal hereof prior to the maturity hereof upon the terms and conditions therein specified. Capitalized terms used herein which are not defined herein and are
defined in the Credit Agreement are used herein as therein defined. 

 The Borrower hereby waives presentment for payment, notice of nonpayment, demand, protest,
notice of protest, notice of dishonor, notice of intent to accelerate, notice of acceleration and any other notice of any kind, except as provided in the Credit Agreement. No failure to exercise, and no delay in exercising, any rights hereunder on
the part of the holder hereof shall operate as a waiver of such rights. 
 This Term Loan Note and the Term Loan Advances
evidenced hereby may be transferred in whole or in part only by registration of such transfer on the Register maintained for such purpose by or on behalf of the undersigned as provided in Section 10.06(c) of the Credit Agreement.

 This Term Loan Note shall be governed by, and construed in accordance with, the laws of the State of Texas. 

 

			
	BRINKER INTERNATIONAL, INC.
		
	By:	 	 
	Name:	 	 
	Title:	 	 

  

 A-2 

 TERM LOAN ADVANCES, MATURITIES 

AND PAYMENTS OF PRINCIPAL AND INTEREST 
  

													
	 Borrowing

Date
	 	Amount and
Type of
Term Loan
Advance	 	Rate of
Interest
Applicable
to Term
Loan
Advance	 	Amount of
Principal
Paid or
Prepaid	 	Amount of
Interest
Paid or
Prepaid	 	Unpaid
Principal
Balance	 	Notation
Made By
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	
		 		 		 		 		 		 	

  

 A-3 

 EXHIBIT B 

FORM OF NOTICE OF BORROWING 

[Date] 
 Bank of America, N.A.,
as Administrative Agent 
 for the Banks parties 

to the Credit Agreement 

referred to below 
 101 North
Tryon Street 
 One Independence Center 

Mail Code: NC1-001-04-39 
 Charlotte, NC
28255-0001 
 Attention: Nilesh Patel 

Telecopy: 704/719.8870 
 Ladies and Gentlemen:

 The undersigned, Brinker International, Inc., a Delaware corporation (the “Borrower”),
refers to the Credit Agreement, dated as of June 22, 2010 (as amended, amended and restated, restated, supplemented or modified from time to time in accordance with its terms, the “Credit Agreement”; capitalized terms defined
therein and not defined herein being used herein as therein defined), among the undersigned, Brinker Restaurant Corporation, a Delaware corporation, as Guarantor, certain Banks parties thereto, and Bank of America, N.A., as Administrative Agent, and
hereby gives you notice, irrevocably pursuant to Section 2.02 of the Credit Agreement, that the undersigned hereby requests a Borrowing under the Credit Agreement, and in that connection sets forth below the information relating to
such Borrowing (the “Proposed Borrowing”) as required by Section 2.02 of the Credit Agreement: 
  

			
	 A Borrowing of:
	  	 [Revolving Credit Advances] [Term Loan

Advances]1

	 Borrowing Date of Borrowing (which is a

Business Day)
	  	  

		  	
	 Aggregate Principal Amount of

Borrowing2

	  	  

 

1 NB – Term Loan Advances are only available on the
Effective Date. 
 2 For Revolving Credit Advances:
not less than $10,000,000 or greater than the unused Total Revolving Credit Commitment and in integral multiples of $1,000,000. Term Loan Advances made on the Effective Date must equal the aggregate Term Loan Commitments. 

 

 B-1 

			
	 Type of Advance
	  	 [Eurodollar Rate Advance] [Base Rate

Advance]

		  	
	 For Eurodollar Rae Advances:
	  	 with an Interest Period of [1] [2] [3] [6]

months

 The
Borrower hereby requests that the proceeds of the Borrowing requested hereunder be remitted by the Administrative Agent to the following account of the Borrower: 
  

			
	 Wire To:
	  	  

		
	 ABA:
	  	  

		
	 Account #:
	  	  

		
	 Account Location:
	  	  

The undersigned hereby certifies that the following statements are true on the date hereof, and will be true on the date of the Proposed
Borrowing: 
 (a)    the representations and warranties contained in Article V of the Credit
Agreement are true and correct in all material respects on and as of the date of the Proposed Borrowing, before and after giving effect to the Proposed Borrowing and to the application of the proceeds therefrom, as though made on and as of such
date, except to the extent that such representations and warranties refer to an earlier date, in which case they shall be true and correct in all material respects on and as of such earlier date and the representations and warranties contained in
Section 5.04(a) of the Credit Agreement shall be deemed to refer to the most recent statements furnished pursuant to Section 6.02(c) of the Credit Agreement; 

(b)    no event has occurred and is continuing, or would result from the Proposed Borrowing or from the application
of the proceeds therefrom, which constitutes or with the giving of notice, the lapse of time or both, would constitute a Default; and 

(c)    after giving effect to the Proposed Borrowing of Revolving Credit Advances and all other Borrowings of
Revolving Credit Advances which have been requested on or prior to the date of the Proposed Borrowing of Revolving Credit Advances but which have not been made prior to such date, the aggregate principal amount of Revolving Credit Advances owing to
any Revolving Credit Bank will not exceed the Total Revolving Credit Commitment of such Revolving Credit Bank. 

(d)    with respect to the Borrowing of Term Loan Advances (which may only be made on the Effective Date), after
giving effect to such Borrowing of Term Loan Advances, the aggregate principal amount of the Term Loan Advances owing to any Term Loan Bank will not exceed the aggregate Term Loan Commitment of such Term Loan Bank. 

Very truly yours, 
  

 B-2 

 BRINKER INTERNATIONAL, INC. 

 

By:                   
                                         
      

Name:                  
                                         

Title:                  
                                         
   
  

 B-3 

 EXHIBIT C 

FORM OF ASSIGNMENT 

ASSIGNMENT AND ASSUMPTION 

This Assignment and Assumption (this “Assignment and Assumption”) is dated as of the Effective Date set forth below and
is entered into by and between [the][each]3 Assignor
identified in item 1 below ([the][each, an] “Assignor”) and
[the][each]4 Assignee identified in item 2 below
([the][each, an] “Assignee”). [It is understood and agreed that the rights and obligations of [the Assignors][the
Assignees]5 hereunder are several and not
joint.]6 Capitalized terms used but not defined herein
shall have the meanings given to them in the Credit Agreement identified below (the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1
attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full. 

For an agreed consideration, [the][each] Assignor hereby irrevocably sells and assigns to [the Assignee][the respective Assignees], and
[the][each] Assignee hereby irrevocably purchases and assumes from [the Assignor][the respective Assignors], subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the
Administrative Agent as contemplated below (i) all of [the Assignor’s][the respective Assignors’] rights and obligations in [its capacity as a [Revolving Credit Bank][Term Loan Bank]][their respective capacities as [Revolving Credit
Banks][Term Loan Banks]] under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding rights and obligations of
[the Assignor][the respective Assignors] under the respective facilities identified below and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of [the Assignor (in its
capacity as a [Revolving Credit Bank][Term Loan Bank])][the respective Assignors (in their respective capacities as [Revolving Credit Banks][Term Loan Banks])] against any Person, whether known or unknown, arising under or in connection with the
Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or 

 

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

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

5 Select as appropriate. 

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

 C-1 

 
in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity
related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned by [the][any] Assignor to [the][any] Assignee pursuant to clauses (i) and (ii) above being referred to
herein collectively as [the][an] “Assigned Interest”). Each such sale and assignment is without recourse to [the][any] Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty
by [the][any] Assignor. 
  

									
		 	 1.
	  	Assignor[s]:	  		  	 
					
		 		  		  		  	 
					
		 	 2.
	  	Assignee[s]:	  		  	 
					
		 		  		  		  	 
		 		  	[if applicable, for each Assignee, indicate Affiliate of [identify Bank]]
					
		 	 3.
	  	Borrower:	  		  	 BrinkerInternational, Inc.

4. Administrative Agent: Bank of America, N.A., as the administrative agent under the Credit Agreement 

5. Credit Agreement: Credit Agreement, dated as of June 22, 2010 among the Borrower, Brinker Restaurant Corporation, as
Guarantor, the Banks from time to time party thereto, and the Administrative Agent. 
 6. Assigned Interest: 

 

 C-2 

																
	 Assignor[s]7
	  	Assignee[s]8	  	Facility
Assigned9
	  	Aggregate
Amount
of
[Revolving
Credit
Commitments]
[Term
Loan
Advances]
for all
[Revolving
Credit
Banks][Term
Loan Banks]10	  	Amount
of
[Revolving
Credit
Commitments]
[Term
Loan
Advances]
Assigned	  	Percentage
Assigned
of
[Revolving
Credit
Commitments]/
[Term
Loan
Advances]11	 	 	CUSIP
Number
		  		  		  	$	                    	  	$	                	  	                	% 	 	
		  		  		  	$	 	  	$	                	  	                	% 	 	
		  		  		  	$	 	  	$	                	  	                	% 	 	

 [7. Trade Date:
                    
]12 

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

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

 

			
	 ASSIGNOR

[NAME OF ASSIGNOR]

		
	By:	 	 

  

 

7 List each Assignor, as appropriate.

 8 List each Assignee, as
appropriate. 
 9 Fill in the
appropriate terminology for the types of facilities under the Credit Agreement that are being assigned under this Assignment (e.g. “Revolving Credit Commitment” or “Term Loan Advances”). 

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

11 Set forth, to at least 9 decimals, as a
percentage of the Commitment/Advances of all Revolving Credit Banks or Term Loan Banks, as applicable, thereunder. 

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

 C-3 

			
		 	 Name:

Title:

	
	 ASSIGNEE

[NAME OF ASSIGNEE]

		
	By:	 	 
		 	 Name:

Title:

 Accepted:

  

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

		
	By:	 	 
		 	 Name:

Title:

[Consented
to:]13
 
  

			
	BRINKER INTERNATIONAL, INC.
		
	By:	 	 
		 	 Name:

Title:

  

 

13 To be added only if the consent of the Borrower is required
pursuant to the terms of the Credit Agreement. The consent of the Borrower shall not be required if a Default has occurred and is continuing and in the case of assignments to a Bank or any Affiliate of any Bank. 

 

 C-4 

 ANNEX 1 TO ASSIGNMENT AND ASSUMPTION 

STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ASSUMPTION 

1.    Representations and Warranties. 

1.1.    Assignor.  [The][Each] Assignor (a) represents and warrants that (i) it is the legal and
beneficial owner of [the][[the relevant] Assigned Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary,
to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with
the Credit Agreement or any other Credit Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Documents or any collateral thereunder, (iii) the financial condition of the
Borrower, any of its Subsidiaries or Affiliates or any other Person obligated in respect of any Credit Document or (iv) the performance or observance by the Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their
respective obligations under any Credit Document. 
 1.2.    Assignee.  [The][Each] Assignee
(a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a
[Revolving Credit Bank][Term Loan Bank] under the Credit Agreement, (ii) it meets all the requirements to be an assignee under Section 10.06 of the Credit Agreement (subject to such consents, if any, as may be required thereunder),
(iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a [Revolving Credit Bank][Term Loan Bank] thereunder and, to the extent of [the][the relevant] Assigned Interest, shall have the obligations
of a [Revolving Credit Bank][Term Loan Bank] thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by [the][such] Assigned Interest and either it, or the Person exercising discretion in making
its decision to acquire [the][such] Assigned Interest, is experienced in acquiring assets of such type, (v) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most
recent financial statements delivered pursuant to Section 6.02(c) thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption
and to purchase [the][such] Assigned Interest, (vi) it has, independently and without reliance upon the Administrative Agent or any other [Revolving Credit Bank][Term Loan Bank] and based on such documents and information as it has deemed
appropriate, made its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, and (vii) if it is a Non-U.S. Bank, attached hereto is any documentation required to be delivered
by it pursuant to the terms of the Credit Agreement, duly completed and executed by [the][such] Assignee; and (b) agrees that (i) it will, independently and without reliance upon the Administrative Agent, [the][any] Assignor or any other
[Revolving Credit Bank][Term Loan Bank], and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit

  

 C-5 

 
Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Credit Documents are required to be performed by it as a [Revolving Credit
Bank][Term Loan Bank]. 
 2.     Payments.  From and after the Effective Date, the Administrative Agent
shall make all payments in respect of [the][each] Assigned Interest (including payments of principal, interest, fees and other amounts) to [the][the relevant] Assignor for amounts which have accrued to but excluding the Effective Date and to
[the][the relevant] Assignee for amounts which have accrued from and after the Effective Date. 
 3.    General
Provisions.  This Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of
counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a signature page of this Assignment and Assumption by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment
and Assumption. This Assignment and Assumption shall be governed by, and construed in accordance with, the law of the State of Texas. 
  

 C-6 

 EXHIBIT D 

FORM OF LEGAL OPINION OF BORROWER’S AND GUARANTOR’S COUNSEL 

June         , 2010 

To each of the Banks as defined in the 
 Credit
Agreement herein described 
 and to Bank of America, N.A., as Administrative Agent 

Ladies and Gentlemen: 
 This
opinion is furnished to you pursuant to Section 3.01(a)(iv) of the $400,000,000 Credit Agreement, dated as of June         , 2010 (the “Credit Agreement”), among Brinker International,
Inc., a Delaware corporation, as borrower (the “Borrower”); Brinker Restaurant Corporation, a Delaware corporation, as guarantor (the “Guarantor”); the banks party thereto (the “Banks”); and Bank of America, N.A., as
Administrative Agent for the Banks (in such capacity, the “Administrative Agent”). Capitalized terms defined in the Credit Agreement are used herein with the same meaning unless otherwise defined herein. 

DOCUMENTS EXAMINED 

In our capacity as special counsel for the Borrower and the Guarantor, we have examined the originals, copies or forms, certified or
otherwise identified to our satisfaction, of the following documents (items (i) and (ii)below, the “Documents”): 

(i) The Credit Agreement; 

(ii) The Notes issued on the date hereof, if any (the “Notes”); 

(iii) Certificate of Incorporation of the Borrower as filed with the Secretary of State of Delaware on September 30, 1983 and all
amendments thereto through the date hereof (the “Borrower Certificate of Incorporation”); 
 (iv) Certificate of
Incorporation of the Guarantor as filed with the Secretary of State of Delaware on June 19, 1990 and all amendments thereto through the date hereof (the “Guarantor Certificate of Incorporation”); 

(v) Bylaws of the Borrower (the “Borrower Bylaws”); 

(vi) Bylaws of the Guarantor (the “Guarantor Bylaws”) and 

(vii) The certificates (including attachments) delivered to the Administrative Agent pursuant to Sections 3.01(a) and (g) of the
Credit Agreement. 
  

 D-1 

 In addition, we have examined and relied upon such certificates of public officials and
other certificates, opinions and instruments as we have deemed relevant and necessary as a basis for our opinion hereinafter set forth. As to matters of fact material to our opinion, we have, when relevant facts were not independently established,
relied upon certificates of representatives of the Borrower and the Guarantor and upon representations and warranties set forth in the Credit Agreement, and have not conducted any special inquiry or investigation in respect of such matters.

 As used herein, (i) “Disclosed” means disclosed in the Credit Agreement or the SEC Filings of the Borrower
filed with the SEC prior to the date hereof and (ii) “Knowledge” means the current, actual knowledge of the attorneys of this firm who are involved in the representation of the Borrower and the Guarantor in connection with the
transactions contemplated by the Credit Agreement, without any independent investigation. 
 ASSUMPTIONS 

In rendering this opinion, we have assumed, with your consent and without any independent investigation, all of the following:

 (A)    the genuineness of all signatures (other than those of the officers of the Borrower and the
Guarantor who executed the Credit Agreement and the Notes), the authenticity of all documents submitted to us as originals and the conformity to authentic original documents of all documents submitted as certified, conformed or photostatic copies;

 (B)    that each of the parties to the Documents other than the Borrower and the Guarantor (the
“Other Parties”) is duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation or formation and has full power and authority to execute, deliver and perform its obligations under each of the
Documents to which it is a party, that each of the Documents has been duly authorized, executed and delivered by each of the Other Parties thereto, that each of the Documents constitutes a valid and legally binding obligation of each of the Other
Parties thereto and is enforceable against the Other Parties in accordance with its terms, that each of the Other Parties has fulfilled and complied with its obligations under the Documents to the extent required thereunder to date, and that the
Borrower and the Guarantor have received or will concurrently herewith receive the consideration provided in the Documents to be received at or prior to the date hereof; 

(C)    that all of the Documents will be performed strictly in accordance with the terms thereof; and 

(D)    that the representations and warranties as to factual matters contained in the Documents are true and correct.

 OPINION 

Based upon the foregoing and having due regard for the legal considerations we deem relevant, and subject to the further qualifications
and limitations hereinafter set forth, we are of the opinion that: 
  

 D-2 

 1.    Each of the Borrower and the Guarantor is a corporation duly
incorporated, validly existing and in good standing under the Delaware General Corporation Law, as amended (the “DGCL”), and has the corporate power and authority under the DGCL to enter into and perform the Credit Agreement and the Notes.

 2.    The execution and delivery by the Borrower of each of the Credit Agreement and the Notes issued on
the date hereof and the performance by the Borrower of its obligations thereunder have been duly and validly authorized by all necessary corporate action of the Borrower; each of the Credit Agreement and the Notes issued on the date hereof has been
duly executed and delivered by the Borrower; and each of the Credit Agreement and the Notes issued on the date hereof constitutes a valid and binding obligation of the Borrower enforceable against the Borrower in accordance with its terms, in each
case except as enforcement of the Credit Agreement or the Notes may be limited by applicable bankruptcy, insolvency, reorganization, arrangement, fraudulent transfer, moratorium or other laws affecting creditors’ rights generally, and subject
to general equity principles and to limitations on availability of equitable relief, including specific performance. 

3.    The execution and delivery by the Guarantor of the Credit Agreement and the performance by the Guarantor of its
obligations thereunder have been duly and validly authorized by all necessary corporate action of the Guarantor; the Credit Agreement has been duly executed and delivered by the Guarantor; and the Credit Agreement constitutes a valid and binding
obligation of the Guarantor enforceable against the Guarantor in accordance with its terms, except as enforcement may be limited by applicable bankruptcy, insolvency, reorganization, arrangement, fraudulent transfer, moratorium or other laws
affecting creditors’ rights generally, and subject to general equity principles and to limitations on availability of equitable relief, including specific performance. 

4.    Neither the execution and delivery of the Credit Agreement or the Notes issued on the date hereof nor the
consummation of the transactions contemplated therein will violate any provision of the Borrower Certificate of Incorporation, the Guarantor Certificate of Incorporation, the Borrower Bylaws or the Guarantor Bylaws, or to our Knowledge, conflict
with or violate any statute, judgment, order, decree or regulation or rule of any court, governmental authority or arbitrator applicable or relating to the Borrower or the Guarantor. 

5.    To our Knowledge and except as Disclosed, there are no actions, suits, proceedings or claims or investigations
pending or threatened against or affecting the Borrower or the Guarantor or any of their respective properties before any court, governmental agency or regulatory authority which would (i) have a Material Adverse Effect or (ii) impair the
ability of the Borrower or the Guarantor to perform their obligations under the Credit Agreement or the Notes issued on the date hereof. 

6.    Neither the Borrower nor the Guarantor is an “investment company” or a company “controlled”
by an “investment company” within the meaning of the Investment Company Act of 1940, as amended. 
 FURTHER
QUALIFICATIONS AND LIMITATIONS 
  

 D-3 

 The opinions expressed above are expressly subject to the following qualifications and
limitations: 
 (a)    We express no opinion as to (i) the specific remedy that any court or other
authority or body might grant in connection with the enforcement of rights under any of the Documents, as to the availability of equitable remedies, as such, in connection with the enforcement of such rights, or as to the effects of the application
of principles of equity (regardless of whether enforcement is considered in proceedings in law or in equity), (ii) the application of any securities laws to any of the transactions contemplated by any of the Documents, or (iii) the effect
of any environmental, antitrust or tax laws of the United States of America or of the State of Texas. 

(b)    We express no opinion as to the validity or enforceability of (i) any provisions purporting to entitle a
party to indemnification or release from liability in respect of any matters arising in whole or in part by reason of any illegal, wrongful, knowing or negligent act or omission of such party, (ii) any provisions that purport to restrict access
to or waive remedies or defenses, to waive any rights to notices or to establish evidentiary standards, (iii) any provisions relating to liquidated damages, set-offs, waivers, releases, suretyship defenses, delays or omissions of enforcement of
rights or remedies, severability, consent judgments or summary proceedings, (iv) any provisions purporting to irrevocably appoint attorneys-in-fact or other agents, (v) any provisions purporting to restrict or limit transfer, alienation or
encumbrancing of property, (vi) any provisions that relate to submissions to jurisdiction, waivers or ratifications of future acts, the rights of, third parties or transferability of assets which by their nature are nontransferable,
(vii) provisions that contain any agreement to agree, or (viii) provisions that purport to negate or control over present or future laws which are contrary to such provisions. 

(c)    To the extent that the opinions given in Sections 2, 3 and 4 constitute opinions with respect to laws relating
to usury, such opinions are expressly limited to the opinion that the Credit Agreement and the Notes do not require the payment of interest at a rate which is usurious. In rendering such opinion, we have relied upon and assumed the applicability of
Chapter 303 of the Texas Finance Code, as currently in effect, and have assumed that (i) there are no fees, points or other charges or forms of compensation to the Administrative Agent, the Syndication Agent, or any Bank in respect of the
Credit Agreement or the issuance of the Notes or any commitment to pay any such charges or other forms of compensation, other than those specifically disclosed in the Credit Agreement, the Commitment Letter, the Bank of America Fee Letter, the JPMCB
Fee Letter, and the Upfront Fee Letter, (ii) all fees and charges provided for in the Credit Agreement, the Commitment Letter, the Bank of America Fee Letter, the JPMCB Fee Letter, and the Upfront Fee Letter to be paid by Borrower or Guarantor
to the Administrative Agent, the Syndication Agent or any Bank constitute bona fide commitment fees, arrangement fees, or administrative agent’s fees, as applicable, and not interest, (iii) all charges for reimbursement of services paid to
third parties will be for actual out-of-pocket expenses paid to third parties for services actually rendered by such parties, (iv) the Administrative Agent, the Syndication Agent, the Banks, the Borrower and the Guarantor will comply with the
“usury savings clause” and other provisions of the Credit Agreement to the effect that the Borrower and the Guarantor will never be required to pay interest (including all compensation that constitutes interest under applicable law) on the
Notes or otherwise in respect of the Credit Agreement in 
  

 D-4 

 
excess of the maximum rate or amount of interest that may lawfully be contracted for, charged or collected thereon or in connection therewith under applicable Texas law (collectively, the
“Savings Clauses”), and (v) in complying with the provisions of the Saving Clauses, the Administrative Agent, the Syndication Agent and such Bank will give due consideration to all fees, charges or other compensation which under
applicable Texas law may be or is deemed to be interest. 
 (d)    We are members of the Bar of the State of
Texas. This opinion relates only to the Federal laws of the United States of America, the laws of the State of Texas and the DGCL as currently in effect, and we express no opinion with regard to any matters that may be governed or affected by any
other laws. 
 (e)    This opinion is limited solely to the matters stated herein and no opinion is to be
inferred or may be implied beyond the matters expressly stated herein. 
 The opinions expressed herein are solely for the
benefit of you and your counsel in connection with the transactions contemplated by the Credit Agreement and may not be used or relied upon by any other person or entity or for any other purpose whatsoever. The opinions expressed herein are as of
the date first set forth above, and we do not assume or undertake any responsibility or obligation to supplement or to update such opinions to reflect any facts or circumstances which may hereafter come to our attention or any changes in the laws
which may hereafter occur. 
 Very truly yours, 

 

 D-5 

 EXHIBIT E 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

This certificate is delivered pursuant to Section 2.15(e) of the Credit Agreement, dated as of June 22, 2010 (the
“Credit Agreement”) among BRINKER INTERNATIONAL, INC. (the “Borrower”), BRINKER RESTAURANT CORPORATION, as the Guarantor, the Banks party thereto and BANK OF AMERICA, N.A., as Administrative Agent. Capitalized terms
defined in the Credit Agreement are used herein with the same meaning unless otherwise defined herein. 
 The undersigned hereby
represents and warrants to the Administrative Agent and the Borrower that: 
 1.    the undersigned is the
sole record and beneficial owner of the Advances or the transactions evidenced by the Note(s), if any, registered in its name in respect of which it is providing this certificate; 

2.    the undersigned is not a bank (within the meaning of Section 881(c)(3)(A) of the Code) and, in this
regard, further represents and warrants that: 
 (a)  the undersigned is not subject to regulatory or
other legal requirements as a bank in any jurisdiction; and 
 (b)  the undersigned has not been
treated as a bank for purposes of any tax, securities law or other filing or submission made to any governmental authority, any application made to a rating agency or qualification for any exemption from tax, securities law or other legal
requirements; 
 3.    the undersigned is not a 10-percent shareholder (within the meaning of
Section 881(c)(3)(B) of the Code) of the Borrower; 
 4.    the income from the Advances or the
transactions evidenced by the Note(s), if any, held by the undersigned is not effectively connected with the conduct of a trade or business with the United States; and 

5.    the undersigned is not a controlled foreign corporation related (within the meaning of Section 864(d)(4)
of the Code) to the Borrower. 
 The undersigned has furnished you with a certificate of our non-U.S. person status on Internal
Revenue Service Form W-8BEN. By executing this certificate, the undersigned agrees that (a) if the information provided on this certificate changes, the undersigned shall so inform the Administrative Agent and the Borrower in writing within
thirty days of such change and (b) the undersigned shall furnish to the Administrative Agent and the Borrower a properly completed and currently effective certificate in either the calendar year in which payment is to be made by the Borrower to
the undersigned under the Credit Agreement, or in either of the two calendar years preceding such payment. 

 IN WITNESS WHEREOF, the undersigned has caused this certificate to be executed as of
                             , 20        .

 [NAME OF BANK] 

By:                   
                                         
                                       

    Name: 

    Title: 
  

 D-2 

 SCHEDULE I 

BANK AND ADMINISTRATIVE AGENT ADDRESSES 

ADMINISTRATIVE AGENT: 
 (for
payments and Requests for Advances): 
 BANK OF AMERICA, N.A. 

101 North Tryon Street 
 One Independence Center

 Mail Code: NC1-001-04-39 
 Charlotte,
NC 28255-0001 
 Attention: Nilesh Patel 

Telephone:     980/386.5094 

Telecopy:       704/719.8870 

(Other Notices as Administrative Agent - for financial statements, compliance certificates, maturity extension and commitment change notices, etc):

 Bank of America, N.A. 
 Agency
Management 
 101 South Tryon Street 

Bank of America Plaza 
 Mail Code: NC1-002-15-36

 Charlotte, NC 28255-0001 
 Attention:
Erik Truette 
 Telephone: 980/387.5451 

Telecopy: 704/409.0015 
 SYNDICATION
AGENT: 
 JPMORGAN CHASE BANK, N.A. 

10 South Dearborn Street, 10th Floor 
 Mail Code:
IL1-0010 
 Chicago, Illinois 60603 

Attn: Non-Agented Servicing Team 

Telephone:     312/385-7072 

Telecopy:       312/256-2608 
  

 SCHEDULE I-1 

 BANKS: 

BANK OF AMERICA, N.A. 
 Agency Management

 101 South Tryon Street 
 Bank of
America Plaza 
 Mail Code: NC1-002-15-36 

Charlotte, NC 28255-0001 
 Attention: Erik
Truette 
 Telephone: 980/387.5451 

Telecopy: 704/409.0015 
 JPMORGAN CHASE BANK,
N.A. 
 10 South Dearborn Street, 10th Floor 

Mail Code: IL1-0010 
 Chicago, IL 60603

 Attn: Non-Agented Servicing Team 

Telephone:     312/385-7072 

Telecopy:       312/256-2608 

REGIONS BANK 
 201 Milan Parkway 

Birmingham, AL 35211 
 Attn: Moronica Fortner

 Telephone:     205/420-7726 

Telecopy:       205/261-7069 

COMPASS BANK 
 8080 N.Central Expwy, Suite 120

 Dallas, TX 75206 
 Attn: Christina
Whitlock 
 Telephone:     214/346-2780 

Telecopy:       866/984/8668 
  

 SCHEDULE I-1 

 WELLS FARGO BANK, N.A. 

1808 Aston Avenue, #250 
 Carlsbad, CA 92008

 Attn: Denise Crouch 

Telephone:     760/918-2700 

Telecopy:       866/968/1299 

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD. 
 1251
Avenue of the Americas 
 New York, NY 10020 

Attn: Rolando Uy 

Telephone:     201/413-8570 

Telecopy:       201/521-2338 

US BANK NATIONAL ASSOCIATION 
 400 City Center

 Oshkosh, WI 54901 
 Attn: Wendee
Hable 
 Telephone:     920/237-7367 

Telecopy:       920/237-7993 

COMERICA BANK 
 1717 Main Street, 4th Floor

 Dallas, TX 75201 
 Attn: Emily Purvis

 Telephone:     214/462-4427 

Telecopy:       214/462-4240 

RAYMOND JAMES BANK, FSB 
 P. Box 11628

 St. Petersburg, FL 33733-1628 
 Attn:
Loan Ops/CML 
 Telephone:     727/567-1815 

Telecopy:       866/597-4002 
  

 SCHEDULE I-2 

 GREENSTONE FARM CREDIT SERVICES, ACA/FLCA 

1760 Abbey Road 
 East Lansing, MI 48823

 Attn: Amber Selle 

Telephone:     517/324-0211 

Telecopy:       517/318-1240 
  

 SCHEDULE I-3 

 SCHEDULE II 

BORROWER AND GUARANTOR ADDRESSES 

BORROWER: 
 BRINKER INTERNATIONAL,
INC. 
 6820 LBJ Freeway 
 Dallas, Texas
75240 
 Attn:     General Counsel 

Telephone:     972/980-9917 

Telecopy:       972/770-9465 

Copy to:     Vice President of Investor Relations and Treasurer 

Telephone:     972/770-1276 

Telecopy:       972/770-8863 

GUARANTOR: 
 BRINKER RESTAURANT
CORPORATION 
 6820 LBJ Freeway 

Dallas, Texas 75240 

Attn:     General Counsel 

Telephone:     972/980-9917 

Telecopy:       972/770-9465 

Copy to:     Vice President of Investor Relations and Treasurer 

Telephone:     972/770-1276 

Telecopy:       972/770-8863 
  

 SCHEDULE II-1 

 SCHEDULE III 

PERMITTED LIENS 
  

								
	 Subsidiary
	  	Amount	  	 Description
	  	 Maturity

				
	 Brinker Restaurant Corporation
	  	$	50,530,151	  	Liens on assets acquired with respect to Capitalized Lease Obligations	  	Various dates through March 2020

  

 SCHEDULE III-1 

 SCHEDULE IV 

AGREEMENTS RESTRICTING DIVIDENDS AND CERTAIN TRANSFERS 

None. 
  

 SCHEDULE IV-1 

 SCHEDULE V 

GAAP EXCEPTIONS 

None. 
  

 SCHEDULE V-1 

 SCHEDULE VI 

INVESTMENTS 
  

						
	 Company
	  	Amount	  	 Description

			
	 Strang Corporation
	  	$	680,854	  	Loan associated with sale of restaurants
			
	 Las Nuevas Delicias Gastronomicas, S. De R.L. De C.V.
	  	$	12,938,837	  	Mexico joint venture with CMR, S.A.B. de C.V.

  

 SCHEDULE VI-1 

 SCHEDULE VII 

PERMITTED DEBT 
  

				
	 Description
	  	Amount
		
	 5.75% Notes due 2014 pursuant to the Indenture dated May 14, 2004, between Brinker International, Inc. and Citibank, N.A.,
as Trustee
	  	$	290,000,000
		
	 Capitalized Lease Obligations of Brinker Restaurant Corporation with various maturity dates through March 2020
	  	$	50,530,151Exhibit 10.1

 Exhibit 10.1 

THE NASDAQ OMX GROUP, INC. EQUITY INCENTIVE PLAN 

(as amended and restated May 27, 2010) 

 THE NASDAQ OMX GROUP, INC. EQUITY INCENTIVE PLAN 

(AS AMENDED AND RESTATED MAY 27, 2010) 

TABLE OF CONTENTS 
  

			
	 	  	Page
		
	SECTION 1. Introduction and Purpose	  	1
		
	SECTION 2. Definitions	  	1
		
	SECTION 3. Administration	  	6
		
	SECTION 4. Shares Available for Awards	  	7
		
	SECTION 5. Eligibility	  	8
		
	SECTION 6. Stock Options	  	8
		
	SECTION 7. Restricted Stock And Restricted Stock Units	  	11
		
	SECTION 8. Other Stock-Based Awards	  	13
		
	SECTION 9. Performance Compensation Awards	  	13
		
	SECTION 10. Termination of Employment/Service	  	15
		
	SECTION 11. Change in Control	  	15
		
	SECTION 12. Amendment and Termination	  	16
		
	SECTION 13. General Provisions	  	17
		
	SECTION 14. Company Right to Cancel Awards	  	20
		
	SECTION 15. Term of The Plan	  	20

 The NASDAQ OMX Group, Inc. Equity Incentive Plan 

(as amended and restated as of May 27, 2010) 

SECTION 1. Introduction and Purpose 

The purposes of The NASDAQ OMX Group, Inc. Equity Incentive Plan (the “Plan”) are to promote the interests of The NASDAQ OMX
Group, Inc. (the “Company”) and its stockholders by (i) attracting and retaining key employees, consultants and non-employee directors of the Company and its Affiliates; (ii) motivating such individuals by means of
performance-related incentives to achieve long-range performance goals, (iii) enabling such individuals to participate in the long-term growth and financial success of the Company and (iv) linking compensation to the long-term interests of
stockholders. 
 The Plan was originally established effective as of December 5, 2000 as the Nasdaq Stock Market, Inc.
Equity Incentive Plan with an initial term of ten years. The Plan has been subsequently amended on several occasions, including to rename the Plan as “The NASDAQ OMX Group, Inc. Equity Incentive Plan,” with the most recent amendment being
Amendment No. 2009-1. The Plan is hereby amended, restated and extended for an additional ten-year term, effective as of the Restatement Effective Date. 

SECTION 2. Definitions 

As used in the Plan, the following terms shall have the meanings set forth below: 

(a) “Affiliate” shall mean (i) a Subsidiary of the Company as determined by the Committee, (ii) any other entity or
Person or group of Persons that, in the determination of the Committee, is controlled by the Company, (ii) any entity in which the Company has a significant equity interest as determined by the Committee, and (iii) an affiliate of the
Company, as defined in Rule 12b-2 promulgated under Section 12 of the Exchange Act, as determined by the Committee. 
 (b)
“Award” shall mean any Option, Restricted Stock, Restricted Stock Unit, Other Stock-Based Award or Performance Compensation Award granted under the Plan. 

(c) “Award Agreement” shall mean any written agreement, contract, certificate or other instrument or document evidencing any
Award, which may, in the discretion of the Company, be transmitted electronically to any Participant, but need not be executed or acknowledged by a Participant. 

(d) “Board” shall mean the Board of Directors of the Company. 

(e) “Cause” shall mean, unless otherwise defined in the applicable Award Agreement or an employment agreement between the
Participant and the Company, (i) the engaging (or about to be engaging) by the Participant in willful misconduct that is injurious to the Company or its Affiliates, (ii) the embezzlement or misappropriation of funds or property of the
Company or its Affiliates by the Participant, or the conviction of the Participant of a felony or the entrance of a plea of guilty or nolo contendere by the Participant to a felony, (iii) the willful failure or refusal by the Participant to
substantially perform his or her duties or responsibilities that continues after being brought to the attention of the Participant (other than any such failure resulting from the Participant’s incapacity due to Disability), or (iv) the
violation by the Participant of any restrictive covenants entered into between the Participant and the Company or the Company’s Guidelines for Appropriate Conduct as described in the Company’s Employee Handbook, or the Company’s Code
of Conduct or any crime involving a material 

 
element of fraud or dishonesty. Any determination of Cause shall be made by the Committee in its sole discretion. Any such determination shall be final and binding on a Participant. 

(f) “Change in Control” means the first to occur of any one of the events set forth in the following paragraphs: 

(i) any “Person,” as such term is used in Sections 13(d) and 14(d) of the Exchange Act (other than (A) the
Company, (B) any trustee or other fiduciary holding securities under an employee benefit plan of the Company, (C) any entity owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as their
ownership of Shares, and (D) the Financial Industry Regulatory Authority), is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly (not including any securities acquired directly
(or through an underwriter) from the Company or its Affiliates), of 25% or more of the Company’s then outstanding Shares; 

(ii) the following individuals cease for any reason to constitute a majority of the number of directors then serving on
the Board: individuals who, on the effective date (as provided in Section 15(a) of the Plan), were members of the Board and any new director (other than a director whose initial assumption of office is in connection with an actual or threatened
election contest, including but not limited to a consent solicitation, relating to the election of directors of the Company) whose appointment or election by the Board or nomination for election by the Company’s stockholders was approved or
recommended by a vote of at least two-thirds (2/3) of the directors then still in office who either were directors on the effective date of the Plan or whose appointment, election or nomination for election was previously so approved or
recommended; 
 (iii) there is consummated a merger or consolidation of the Company with any other entity or the
Company issues Shares in connection with a merger or consolidation of any direct or indirect subsidiary of the Company with any other entity, other than (A) a merger or consolidation that would result in the Shares of the Company outstanding
immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving or parent entity) more than 50% of the Company’s then outstanding Shares or 50% of the combined
voting power of such surviving or parent entity outstanding immediately after such merger or consolidation or (B) a merger or consolidation effected to implement a recapitalization of the Company (or similar transaction) in which no
“Person” (as defined below), directly or indirectly, acquired 25% or more of the Company’s then outstanding Shares (not including any securities acquired directly (or through an underwriter) from the Company or its Affiliates); or

 (iv) the stockholders of the Company approve a plan of complete liquidation of the Company or there is
consummated an agreement for the sale or disposition by the Company of all or substantially all of the Company’s assets (or any transaction having a similar effect), other than a sale or disposition by the Company of all or substantially all of
the Company’s assets to an entity, at least 50% of the combined voting power of the voting securities of which are owned directly or indirectly by stockholders of the Company in substantially the same proportions as their ownership of the
Company immediately prior to such sale. 
 (g) “Code” shall mean the Internal Revenue Code of 1986, as amended from
time to time, or any successor thereto. 
  

 2 

 (h) “Committee” shall mean a committee of the Board designated by the Board to
administer the Plan. From and after the time that the Shares are registered pursuant to Section 12 under the Exchange Act, unless otherwise determined by the Board, the Committee shall be composed of not less than the minimum number of persons
from time to time required by Section 16 and Section 162(m), each of whom, to the extent necessary to comply with Section 16 and Section 162(m) only, is a “Non-Employee Director” and an “Outside Director”
within the meaning of Section 16 and Section 162(m), respectively, and the minimum number, if any, required by listing standards of The NASDAQ Stock Market. 

(i) “Disability” shall mean, unless otherwise defined in the applicable Award Agreement or an employment agreement between the
Participant and the Company, a disability that would qualify as such under the Company’s then current long-term disability plan. 

(j) “Eligible Recipient” shall mean an officer, employee, consultant, advisor or non-employee director of the Company or of any
Affiliate. 
 (k) “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended from time to time.

 (l) “Fair Market Value” with respect to the Shares, as of any date, shall mean the closing sale price at the
regular trading session reported for such Shares on The NASDAQ Stock Market on such date or, if no closing sale price is reported on such date, the closing sale price reported on the next succeeding date on which a closing sale price is reported.

 (m) “Incentive Stock Option” shall mean an option to purchase Shares from the Company that is granted under
Section 6 of the Plan and that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto. 

(n) “Negative Discretion” shall mean the discretion authorized by the Plan to be applied by the Committee to eliminate or
reduce the size of a Performance Compensation Award in accordance with Section 9(d)(iv) of the Plan; provided, that the exercise of such discretion would not cause the Performance Compensation Award to fail to qualify as “performance-based
compensation” under Section 162(m) of the Code. 
 (o) “Non-Qualified Stock Option” shall mean an option to
purchase Shares from the Company that is granted under Section 6 of the Plan and that is not intended to be an Incentive Stock Option. 

(p) “Option” shall mean an Incentive Stock Option or a Non-Qualified Stock Option. 

(q) “Other Stock-Based Award” shall mean any award granted under Section 8 of the Plan. 

(r) “Parent” shall have the meaning set forth in Section 424(e) of the Code. 

(s) “Participant” shall mean any Eligible Recipient who receives an Award under the Plan. 

(t) “Person” shall mean any individual, corporation, partnership, association, joint-stock company, trust, unincorporated
organization, government or political subdivision thereof or other entity. 
 (u) “Performance Compensation Award”
shall mean any Award designated by the Committee as a Performance Compensation Award pursuant to Section 9 of the Plan. 
  

 3 

 (v) “Performance Criteria” shall be measured in terms of one or more of the
following performance measures: 
 (i) Earnings before interest and taxes; 

(ii) Earnings before interest, taxes, depreciation and amortization; 

(iii) Earnings per Share; 

(iv) Non-GAAP earnings per Share; 

(v) Net income or net income from operations or net revenue or net exchange revenue (before or after taxes, and which may
take into account or exclude the effect of non-recurring or extraordinary charges and/or expenses); 
 (vi) Net
profit (before or after taxes, and which may take into account or exclude the effect of non-recurring or extraordinary charges and/or expenses); 

(vii) Revenue growth; 

(viii) Share price; 

(ix) Market share; 

(x) Return measures (including without limitation return on assets or net assets, capital, revenue, net revenue, income or
net income); 
 (xi) Cash flow (including without limitation operating cash flow and/or free cash flow);

 (xii) Adherence to budget and/or expense targets; 

(xiii) Planning accuracy (as measured by comparing planned results to actual results); 

(xiv) Objectively determinable effectiveness, efficiency or business retention/expansion goals; and 

(xv) Business effectiveness survey results. 

Any Performance Criterion or Criteria may be used to measure the performance of the Company as a whole or any business unit, division,
department or function of the Company or any Affiliate, either individually, alternatively or in any combination and measured over a period of time including any portion of a year, annually or cumulatively over a period of years, on an absolute
basis or relative to a previous year’s or period’s results or a designated comparison group on company or stock market index. 

(w) “Performance Formula” shall mean, for a Performance Period, the one or more objective formulas applied against the relevant
Performance Goal to determine, with regard to the Performance Compensation Award of a particular Participant, whether all, some portion but less than all, or none of the Performance Compensation Award has been earned for the Performance Period.

 (x) “Performance Goals” shall mean, for a Performance Period, the one or more goals established by the Committee
for the Performance Period based upon the Performance Criteria. For the avoidance of doubt, such one or more goals so established by the Committee may, as determined by the Committee, 

 

 4 

 
and with respect to such Performance Criteria, be measured (A) with respect to the Company itself (including the growth or improvement in such Performance Criteria) or (B) relative to
other companies or to an index. The Committee is authorized, in its sole and absolute discretion, to adjust or modify the calculation of a Performance Goal for such Performance Period to the extent permitted under Section 162(m) of the Code to
include or exclude the effect of any one or more of the following events or occurrences that occur during a Performance Period: 

(i) asset write-downs, 

(ii) significant litigation or claim judgments or settlements, 

(iii) the effect of changes in tax laws, accounting standards or principles, or other laws or regulatory rules affecting
reported results, 
 (iv) any reorganization and restructuring programs, including without limitation the
internal restructuring of departments or units or functions within the Company that significantly affect expense and/or budget targets upon which a Performance Measure is based; 

(v) extraordinary nonrecurring items as described in Accounting Principles Board Opinion No. 30 (or any successor
pronouncement thereto) and/or in management’s discussion and analysis of financial condition and results of operations appearing in the Company’s annual report to stockholders for the applicable year or period, 

(vi) acquisitions, divestitures or sales of significant assets, 

(vii) any other specific unusual or nonrecurring events, or objectively determinable category thereof; 

(viii) foreign exchange gains and losses, and 

(ix) a change in the Company’s fiscal year. 

(y) “Performance Period” shall mean the one or more periods of time, as the Committee may select, over which the attainment of
one or more Performance Goals will be measured for the purpose of determining a Participant’s right to and the payment of a Performance Compensation Award. 

(z) “Restatement Effective Date” shall mean May 27, 2010, subject to approval of the Plan at the annual meeting of
stockholders of the Company held on such date. 
 (aa) “Restoration Option” shall mean a stock option granted pursuant
to Section 6(e). 
 (bb) “Restricted Stock Unit” shall mean any unit granted under Section 7 of the Plan.

 (cc) “Retirement” shall mean, unless otherwise defined in the applicable Award Agreement or an employment agreement
between the Participant and the Company, the Participant’s Separation from Service due to retirement on or after such date as the Participant has both attained the age of 55 years and has 10 years of employment with the Company. For the
avoidance of doubt, Separation from Service “due to retirement” does not include an involuntary Separation from Service, whether for Cause or otherwise. 

 

 5 

 (dd) “SEC” shall mean the Securities and Exchange Commission or any successor
thereto and shall include the staff thereof. 
 (ee) “Section 16” shall mean Section 16 of the Exchange Act and
the rules promulgated thereunder and any successor provision thereto as in effect from time to time. 
 (ff) “Section
162(m)” shall mean Section 162(m) of the Code and the rules promulgated thereunder or any successor provision thereto as in effect from time to time. 

(gg) “Separation from Service” shall mean (i) with respect to an Eligible Recipient who is an employee of the Company or
an Affiliate, the termination of his employment with the Company or Affiliate and all Affiliates that constitutes a “separation from service” within the meaning of Treas. Reg. Section 1.409A-1(h)(1), or (ii) with respect to an
Eligible Recipient who is a consultant or advisor to the Company, the date on which expires such consultant’s or advisor’s contract under which services are performed for the Company or Affiliate, or (iii) with respect to an Eligible
Recipient who is a non-employee director of the Company or an Affiliate, the date on which such non-employee director ceases to be a member of the Board (or other applicable board of directors) for any reason. With respect to application of Sections
7(e)(iii) and 8(c) to a Participant who is determined by the insurance carrier under the Company’s then current long-term disability plan to be entitled to receive benefits under such plan, the Participant shall be deemed to have a Separation
from Service if (i) the Participant is disabled within the meaning of Section 409A(a)(2)(C) of the Code and the regulations thereunder, or (ii) by reason of such disability, the facts and circumstances indicate that the Company and
Participant reasonably anticipate that no future substantial services by the Participant will be performed (thereby satisfying the conditions of a “termination of employment” within the meaning of Treas. Reg. Section 1.409A-1(h)(1)).

 (hh) “Shares” shall mean shares of the common stock, $ .01 par value, of the Company, or such other securities of
the Company as may be designated by the Committee from time to time in substitution thereof. 
 (ii) “Subsidiary”
shall have the meaning set forth in Section 424(f) of the Code. 
 (jj) “Substitute Awards” shall mean Awards
solely granted in assumption of, or in substitution for, outstanding awards previously granted by a company acquired by the Company or with which the Company combines. The terms and conditions of any Substitute Awards shall be set forth in an Award
Agreement and shall, except as may be inconsistent with any provision of the Plan, to the extent practicable provide the recipient with benefits (including economic value) substantially similar to those provided to the recipient under the existing
award which such Substitute Award is intended to replace. 
 SECTION 3. Administration 

(a) Authority of Committee. The Plan shall be administered by the Committee or, in the Board’s sole discretion, by the Board.
Subject to the terms of the Plan, the Committee’s charter and applicable law, and in addition to other express powers and authorizations conferred on the Committee by the Plan, the Committee shall have full power and authority to:
(i) designate Participants; (ii) determine the type or types of Awards to be granted to a Participant; (iii) determine the number of Shares to be covered by, or with respect to which payments, rights, or other matters are to be
calculated in connection with, Awards; (iv) determine the terms and conditions of any Award; (v) determine whether, to what extent, and under what circumstances Awards may be settled, or exercised in cash, Shares, other securities, other
Awards or other property, or canceled, forfeited, or suspended and the method or methods by which Awards may be settled, exercised, canceled, forfeited, or suspended; (vi) determine whether, to what extent, and under what circumstances cash,
Shares, other securities, other Awards, other property, and other amounts 
  

 6 

 
payable with respect to an Award shall be deferred either automatically or at the election of the holder thereof or of the Committee; (vii) interpret, construe and administer the Plan and
any instrument or agreement relating to, or Award made under, the Plan, including without limitation to correct any defect, supply any omission or reconcile any inconsistency or conflict in the Plan or any Award under the Plan;
(viii) establish, amend, suspend, or waive such rules and regulations and appoint such agents as it shall deem appropriate for the proper administration of the Plan; (ix) amend existing Awards in accordance with Section 12(b) of the
Plan; and (x) make any other determination and take any other action that the Committee deems necessary or desirable for the administration of the Plan. 

(b) Committee Discretion Binding. Unless otherwise expressly provided in the Plan, all designations, determinations,
interpretations, and other decisions under or with respect to the Plan or any Award shall be within the sole discretion of the Committee, may be made at any time and shall be final, conclusive, and binding upon all Persons, including any Eligible
Recipient, Participant or any holder or beneficiary of any Award. 
 (c) Delegation. Subject to the terms of the Plan and
applicable law, the Committee may delegate to one or more officers or managers of the Company or any Affiliate, or to a committee of such officers or managers, the authority, subject to such terms and limitations as the Committee shall determine, to
grant Awards to, or to cancel, modify or waive rights with respect to, or to alter, discontinue, suspend, or terminate Awards held by, Participants who are not (i) “covered employees” under Section 162(m) of the Code or
(ii) officers or directors of the Company for purposes of Section 16 or who are otherwise not subject to Section 16. 

(d) No Liability. No member of the Board or Committee or any authorized delegate of the Committee shall be liable for any action
taken or determination made in good faith with respect to the Plan or any Award granted hereunder. 
 SECTION 4. Shares Available for Awards

 (a) Shares Available. Immediately prior to the Restatement Effective Date the number of Shares with respect to
which Awards may be granted under Plan was 29,500,000. Of that number, as of March 15, 2010 approximately 5,454,594 Shares remained available for such purpose. As of the Restatement Effective Date, an additional 6,200,000 Shares is authorized
with respect to grants under the Plan. Such available Shares are subject to adjustment as provided in Section 4(b). If, after the Restatement Effective Date, any Shares covered by an Award granted under the Plan, or to which such an Award
relates, are forfeited, or if such an Award is settled for cash or otherwise expires, terminates or is canceled without the delivery of Shares, or otherwise without the Participant having received any benefit therefrom, then the Shares covered by
such Award, or to which such Award relates, or the number of Shares otherwise counted against the aggregate number of Shares with respect to which Awards may be granted, to the extent of any such settlement, forfeiture, expiration, termination or
cancellation, shall again become Shares with respect to which Awards may be granted. (For purposes of the foregoing sentence, a Participant shall not be deemed to have received any “benefit” in the case of forfeited Restricted Stock Awards
by reason of having enjoyed voting rights and dividend rights prior to the date of forfeiture.) In the event that any Option or other Award granted hereunder is exercised through the delivery of Shares, including net settlement of the Award, or in
the event that withholding tax liabilities arising from such Award are satisfied by the withholding of Shares by the Company, the number of Shares available for Awards under the Plan shall be increased by the number of Shares so surrendered or
withheld. Notwithstanding the foregoing and subject to adjustment as provided in Section 4(b), no Participant may receive Awards under the Plan in any calendar year that relate to more than 2,000,000 Shares (the “Individual Annual Share
Limit”). 
  

 7 

 (b) Adjustments. In the event that the Committee determines that any dividend or
other distribution (whether in the form of cash, Shares, other securities, or other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of
Shares or other securities of the Company, issuance of warrants or other rights to purchase Shares or other securities of the Company, or other similar corporate transaction or event that constitutes an equity restructuring transaction, as that term
is defined in Accounting Standards Codification Topic 718 (formerly known as Statement of Financial Accounting Standards No. 123(R)) or otherwise affects the Shares then the Committee shall adjust the following in a manner that is determined by
the Committee to be appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan: (A) the number of Shares or other securities of the Company (or number and kind of
other securities or property) with respect to which Awards may be granted; (B) the maximum number of Shares subject to an Award granted to a Participant pursuant to Section 4(a), (C) the number of Shares or other securities of the
Company (or number and kind of other securities or property) subject to outstanding Awards, and (D) the grant, purchase or exercise price with respect to any Award, or if deemed appropriate, make provisions for a cash payment to the holder of
an Outstanding Award or make provision for an equivalent award in respect of securities of the surviving entity of any merger, consolidation or other transaction or event having a similar effect. The Committee’s adjustment shall be effective
and binding for all purposes of this Plan, provided that no adjustment shall be made, (A) with respect to Awards of Incentive Stock Options to the extent that such adjustment would cause the Plan to violate Section 422(b)(1) of Code, as
from time to time amended, (B) with respect to any Award to the extent that such adjustment would be inconsistent with the Plan’s meeting the requirements of Section 162(m), and (C) with respect to any Award to the extent such
adjustment shall constitute (i) a modification of a stock right within the meaning of Treas. Reg. Section 1.409A-1(b)(5)(v)(B) so as to constitute the grant of a new stock right (unless such new stock right does not constitute a deferral
of compensation within the meaning of Code Section 409A and the regulations thereunder), (ii) an extension of a stock right, including the addition of any feature for the deferral of compensation within the meaning of Treas. Reg.
Section 1.409A-1(b)(5)(v)(C), or (iii) an impermissible acceleration of a payment date or a subsequent deferral of a stock right subject to Code Section 409A within the meaning of Treas. Reg. Section 1.409A-1(b)(5)(v)(E).
Furthermore, no adjustment as the result of a change in capitalization shall cause the exercise price to be less than the Fair Market Value of such Shares (as adjusted to reflect the change in capitalization) on the date of grant, and any adjustment
as the result of the substitution of a new stock right or the assumption of an outstanding stock right pursuant to a corporate transaction shall satisfy the conditions described in Treas. Reg. Section 1.409A-1(b)(5)(v)(D). 

(c) Substitute Awards. Any Shares underlying Substitute Awards shall not be counted against the Shares available for Awards under
the Plan. 
 (d) Sources of Shares Deliverable Under Awards. Any Shares delivered pursuant to an Award may consist, in
whole or in part, of authorized and unissued Shares or of treasury Shares. 
 SECTION 5. Eligibility 

Any Eligible Recipient shall be eligible to be designated a Participant. 

SECTION 6. Stock Options 

(a) Grant. Subject to the provisions of the Plan, the Committee shall have sole and complete authority to determine the
Participants to whom Options shall be granted, the number of Shares to be covered by each Option, the exercise price and the conditions and limitations applicable to the exercise of the Option. The Committee shall have the authority to grant
Incentive Stock Options, or to grant 
  

 8 

 
Non-Qualified Stock Options, or to grant both types of Options; provided that only employees of the Company or any Parent or Subsidiary may be granted Incentive Stock Options. In the case of
Incentive Stock Options, the terms and conditions of such grants shall be subject to and comply with such rules as may be prescribed by Section 422 of the Code, as from time to time amended, and any regulations implementing such statute.

 (b) Exercise Price. The Committee in its sole discretion shall establish the exercise price at the time each Option is
granted. Except in the case of Substitute Awards, the exercise price of an Option may not be less than the Fair Market Value on the date of grant of such Option. 

(c) Exercise. Each Option shall be exercisable at such times and subject to such terms and conditions as the Committee may, in its
sole discretion, specify in the applicable Award Agreement or thereafter. The Committee may impose such conditions with respect to the exercise of Options, including without limitation, any relating to the application of federal, state or foreign
securities laws or the Code, as it may deem necessary or advisable. Notwithstanding the foregoing, an Option shall not be exercisable after the expiration of 10 years after the date such Option was granted. 

(d) Payment. No Shares shall be delivered pursuant to any exercise of an Option until payment in full of the exercise price is
received by the Company. Such payment may be made (i) in cash, or its equivalent, (ii) by exchanging Shares owned by the Participant for at least six months (which are not the subject of any pledge or other security interest),
(iii) by having the Company “net settle” the Shares by withholding from the Shares which would otherwise be delivered to the Participant such Shares with a Fair Market Value sufficient to satisfy the minimum withholding required with
respect thereto as determined by the Committee, (iv) through any broker’s cashless exercise procedure approved by the Committee, or (v) by a combination of the foregoing, provided that the combined value of all cash and cash
equivalents and the Fair Market Value of any such Shares so tendered to the Company as of the date of such tender is at least equal to such exercise price. The net settlement of Shares and the exchange of Shares previously owned are hereby
specifically authorized alternatives for the satisfaction of withholding obligations. 
 (e) Investment Representations.
At the time of any exercise of an Option, the Committee may, in its sole discretion, require a Participant to deliver to the Committee a written representation that the Shares to be acquired upon such exercise are to be acquired for investment and
not for resale or with a view to the distribution thereof and any other representation deemed necessary by the Committee to ensure compliance with all applicable federal and state securities laws. Upon such a request by the Committee, delivery of
such representation prior to the delivery of any Shares issued upon exercise of an Option shall be a condition precedent to the right of the Participant or such other person to purchase any Shares. In the event certificates for Shares are delivered
under the Plan with respect to which such investment representation has been obtained, the Committee may cause a legend or legends to be placed on such certificates to make appropriate reference to such representation and to restrict transfer in the
absence of compliance with applicable federal or state securities laws. 
 (f) Disqualifying Disposition Notice. Each
Participant awarded an Incentive Stock Option under the Plan shall notify the Company in writing immediately after the date he or she makes a disqualifying disposition of any Shares acquired pursuant to the exercise of such Incentive Stock Option. A
disqualifying disposition is any disposition (including any sale) of such Shares before the later of (i) two years after the date of grant of the Incentive Stock Option or (ii) one year after the date the Participant acquired the Shares by
exercising the Incentive Stock Option. The Company may, if determined by the Committee and in accordance with procedures established by it, retain possession of any Shares acquired pursuant to the exercise of an Incentive Stock Option as agent for
the applicable Participant until the end 
  

 9 

 
of the period described in the preceding sentence, subject to complying with any instructions from such Participant as to the sale of such Shares. 

(g) Incentive Stock Option Grants to 10% Stockholders. Notwithstanding anything to the contrary in this Section 6, if an
Incentive Stock Option is granted to a Participant who owns stock representing more than ten percent of the voting power of all classes of stock of the Company or of a Subsidiary or Parent, the option period shall not exceed five years from the date
of grant of such Option and the exercise price shall be at least 110 percent of the Fair Market Value (on the date of grant of such Option) of the Shares subject to the Option. 

(h) $100,000 Per Year Limitation for Incentive Stock Options. To the extent the aggregate Fair Market Value (determined as of the
date of grant of such Option) of Shares for which Incentive Stock Options are exercisable for the first time by any Participant during any calendar year (under all plans of the Company) exceeds $100,000, such excess Incentive Stock Options shall be
treated as Non-qualified Stock Options. 
 (i) Voluntary Surrender. The Committee may permit the voluntary surrender of
all or any portion of any Non-qualified Stock Option and its corresponding stock appreciation right, if any, granted under the Plan to be conditioned upon the granting to the Participant of a new Option for the same or a different number of Shares
as the option surrendered or require such voluntary surrender as a condition precedent to a grant of a new Option to such Participant. Such new Option shall be exercisable at an exercise price, during an option period, and in accordance with any
other terms or conditions specified by the Committee at the time the new Option is granted, all determined in accordance with the provisions of the Plan without regard to the exercise price, option period, or any other terms and conditions of the
Non-qualified Stock Option surrendered. For the avoidance of doubt, the foregoing authority of the Committee is in all events subject to the stockholder approval requirements of Section 12(b) hereof. 

(j) Separation from Service. Unless otherwise provided in the Award Agreement documenting an Option Award, the following general
rules will apply to outstanding Option Awards at the time of a Participant’s Separation from Service: 
 (i) In the event
of a Participant’s Separation from Service for Cause, then all the Participant’s unvested Options shall be deemed canceled and forfeited on the date of such Separation from Service and the Participant’s vested Options, if any, shall
remain exercisable for a period ending on the earlier of: (A) ten days following such Separation from Service or (B) the expiration date with respect to the Option, and shall thereafter be deemed canceled and forfeited without further
consideration to the Participant. 
 (ii) In the event of a Participant’s Separation from Service by reason of death or
Retirement, all unvested Options that would have been vested on or before the first anniversary of such Separation from Service (had the Participant remained in the employ of the Company or Affiliate) shall vest on the date of such Separation from
Service, and the remaining unvested Options shall be deemed cancelled and forfeited without further consideration to the Participant or his estate, as the case may be. The vested Options (including those Options which vest in accordance with the
provisions of this Section 6(j)(ii)) shall remain exercisable for a period ending on the earlier of: (A) one year following such Separation from Service or (B) the expiration date with respect to the Option, and shall thereafter be
deemed canceled and forfeited without further consideration to the Participant or his estate, as the case may be. 
 (iii) This
Section 6(j)(iii) applies if the Participant is determined by the insurance carrier under the Company’s then current long-term disability plan to be entitled to receive benefits under

  

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such plan and, by reason of such disability, is deemed to have a Separation from Service. For purposes of this section 6(j)(iii), the “Vesting Acceleration Date” is the latest of
(A) the first day of the period for which the Participant is paid such benefits, (B) the date on which the insurance carrier notifies the Company of such determination, or (C) the date of the Participant’s Separation from
Service; and the “First Anniversary” is the date which is the one year anniversary of the Vesting Acceleration Date. If the Participant is determined by such insurance carrier to be entitled to receive such long-term disability benefits,
(A) all Options which would have become vested on or before the First Anniversary shall become vested on the Vesting Acceleration Date, and (B) the remaining unvested Options shall, except as provided in the second following sentence, be
deemed canceled and forfeited without further consideration to the Participant on the Vesting Acceleration Date. The vested Options (including those Options which vest in accordance with the provisions of this Section 6(j)(iii)) shall remain
exercisable for a period ending on the earlier of: (A) the First Anniversary or (B) the expiration date with respect to the Option, and shall thereafter, except as otherwise provided in the following sentence, be deemed canceled and
forfeited without further consideration to the Participant, or his estate, as the case may be. Notwithstanding the foregoing provisions of this Section 6(j)(iii), if the Participant ceases to be entitled to receive future benefits under such
long-term disability plan prior to the First Anniversary and returns to active employment with the Company (or Affiliate) no later than the work day next following the last day of the period for which such benefits are paid (and in all events prior
to the expiration date of the Option), then (A) no Options will be deemed cancelled or forfeited pursuant to this Section 6(j)(iii) on account of such prior absence from employment, (B) the determination of the day on which the
Options shall cease to be exercisable shall instead be determined as if the Participant had not previously received long-term disability benefits, and had instead remained continuously employed by the Company (or any Affiliate) during such period
and (C) the other provisions of this Section 6(j) shall nevertheless continue to apply. 
 (iv) If the Participant has
a Separation from Service for any reason other than those set forth in paragraphs (i) through (iii) of this Section 6(j), the Participant’s unvested Options shall be deemed canceled and forfeited on the date of the
Participant’s Separation from Service without further consideration to the Participant. Vested Options, if any, shall remain exercisable for a period ending on the earlier of: (A) 90 days following such Separation from Service or
(B) the expiration date with respect to the Options, and shall thereafter be deemed canceled and forfeited without further consideration to the Participant. 

SECTION 7. Restricted Stock And Restricted Stock Units 

(a) Grant. Subject to the provisions of the Plan, the Committee shall have sole and complete authority to determine the
Participants to whom Shares of Restricted Stock and Restricted Stock Units shall be granted, the number of Shares of Restricted Stock and/or the number of Restricted Stock Units to be granted to each Participant, the performance criteria, if any,
and level of achievement in relation to the criteria that shall determine the number of Shares of Restricted Stock or Restricted Stock Units granted, issued, and/or vested (provided, however, that any such performance criteria shall conform to the
criteria set forth in Section 9 to the extent the Committee determines that the Award needs to comply with Section 162(m) of the Code), the terms and conditions with respect to the vesting and/or forfeiture of the Restricted Stock or
Restricted Stock Units (which vesting and/or forfeiture conditions may be in addition to any performance criteria and which may extend beyond the Performance Period, if any, applicable to the Award), and such further terms and conditions, in each
case not inconsistent with the Plan, as may be determined from time to time by the Committee. 
 (b) Restrictions. The
Committee shall have the authority to remove any or all of the restrictions on the Restricted Stock and Restricted Stock Units whenever it may determine that, by reason of changes in applicable laws or other changes in circumstances arising after
the date of the Restricted Stock or 
  

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Restricted Stock Units are granted, such action is appropriate, subject in each case to restrictions imposed by applicable law. 

(c) Transfer Restrictions. Shares of Restricted Stock and Restricted Stock Units may not be sold, assigned, transferred, pledged
or otherwise encumbered, except, in the case of Restricted Stock, as provided in the Plan or the applicable Award Agreements. Certificates issued in respect of Shares of Restricted Stock shall be registered in the name of the Participant and
deposited by such Participant, together with a stock power endorsed in blank, with the Company. Upon the lapse of the restrictions applicable to such Shares of Restricted Stock, the Company shall deliver such certificates to the Participant or the
Participant’s legal representative. 
 (d) Dividends and Distributions. Dividends and other distributions paid on or
in respect of Restricted Stock or Restricted Stock Units may be paid directly to the Participant, or may be reinvested in additional Shares of Restricted Stock or in additional Restricted Stock Units, as determined by the Committee in its sole
discretion, at the time the Award is made. 
 (e) Separation from Service. Unless otherwise provided in the Award
Agreement documenting a Restricted Stock or Restricted Stock Unit Award, the following general rules will apply to outstanding Restricted Stock and Restricted Stock Unit Awards at the time of a Participant’s Separation from Service: 

(i) In the event of a Participant’s Separation from Service for Cause, all Restricted Stock or Restricted Stock Units which have not
as of the date of such Separation from Service become vested shall be canceled and forfeited effective as of the date of such Separation from Service without further consideration to the Participant. 

(ii) In the event of a Participant’s Separation from Service by reason of death or Retirement, all unvested Restricted Stock or
Restricted Stock Units that would have become vested on or before the first anniversary of such Separation from Service (had the Participant continued in the employ of the Company or Affiliate) shall vest on the date of such Separation from Service
and the remaining unvested Restricted Stock or Restricted Stock Units shall be cancelled and forfeited effective on the date of such Separation from Service without further consideration to the Participant. 

(iii) This Section 7(e)(iii) applies if the Participant is determined by the insurance carrier under the Company’s then current
long-term disability plan to be entitled to receive benefits under such plan and, by reason of such disability, is deemed to have a Separation from Service. For purposes of this Section 7(e)(iii), the “Vesting Acceleration Date” is
the latest of (A) the first day of the period for which the Participant is paid such benefits, (B) the date on which the insurance carrier notifies the Company of such determination, or (C) the date of the Participant’s
Separation from Service; and the “First Anniversary” is the date which is the one year anniversary of the Vesting Acceleration Date. If the Participant is determined by such insurance carrier to be entitled to receive such long-term
disability benefits, (A) all Restricted Stock or Restricted Stock Units that would have become vested on or before the First Anniversary shall vest on the Vesting Acceleration Date and (B) the remaining unvested Restricted Stock or
Restricted Stock Units shall, except as provided in the following sentence, be canceled and forfeited without further consideration to the Participant on the Vesting Acceleration Date. Notwithstanding the foregoing provisions of this
Section 7(e)(iii), if the Participant ceases to be entitled to receive future benefits under such long-term disability plan prior to the First Anniversary and returns to active employment with the Company (or Affiliate) no later than the work
day next following the last day of the period for which such benefits are paid, then (A) no unvested Restricted Stock or Restricted Stock Units shall be cancelled or forfeited pursuant to this Section 7(e)(iii) on account of such prior
absence from employment, (B) the determination of the day on which the unvested Restricted Stock or Restricted Stock Units shall vest shall instead be determined as if the Participant had not previously received
long-
  

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term disability benefits and had instead remained continuously employed by the Company (or Affiliate) during such period and (C) the other provisions of this Section 7(e) shall
nevertheless continue to apply. 
 (iv) If the Participant has a Separation from Service for any reason other than those set
forth in paragraphs (i) through (iii) of this Section 7(e), unvested Restricted Stock and Restricted Stock Units shall be cancelled and forfeited as of the date of such Separation from Service without further consideration to the
Participants. 
 (f) Payment. Each Restricted Stock Unit shall have a value equal to the Fair Market Value of a Share.
Restricted Stock Units shall be paid in cash, Shares, other securities or other property, as determined in the sole discretion of the Committee at the time the Award is made. Such payment of Restricted Stock Units as aforesaid shall be made as soon
as practicable following the satisfaction of any and all vesting or other conditions or restrictions applicable to such Restricted Stock Unit (the “Restriction End Date”) but in no event later than March 15 of the year following the
calendar year that includes the Restriction End Date. 
 SECTION 8. Other Stock-Based Awards 

(a) Grant. The Committee shall have authority to grant to Participants an Other Stock-Based Award, which shall consist of any right
that is (i) not an Award described in Sections 6 or 7 above and (ii) an Award of Shares or an Award denominated or payable in, valued in whole or in part by reference to, or otherwise based on or related to, Shares (including, without
limitation, securities convertible into Shares), as deemed by the Committee to be consistent with the purposes of the Plan. Any such Other Stock-Based Award which is valued in whole or in party by reference to Shares shall be valued based on the
Fair Market Value of a Share, on a non-discounted basis. Subject to the terms of the Plan and any applicable Award Agreement, the Committee shall determine the terms and conditions of any such Other Stock-Based Award, which may include without
limitation performance criteria with respect to the granting, issuance and/or testing of the Other Stock-Based Award (provided, however, that any such performance criteria shall conform to the criteria set forth in Section 9 to the extent the
Committee determines that the Award needs to comply with Section 162(m) of the Code), and/or terms and conditions under which the Other Stock-Based Award shall vest or be subject to forfeiture (which vesting and/or forfeiture conditions may be
in addition to any performance criteria and which may extend beyond the performance period, if any, applicable to the Award). 

(b) Payment. Payment of Other Stock-Based Awards shall be made as soon as practicable following the satisfaction of any and all
vesting or other conditions or restrictions applicable to such Awards (the “Restriction End Date”) but in no event later than March 15 of the calendar year following the calendar year that includes the date of vesting or lapse of
forfeiture restrictions. 
 SECTION 9. Performance Compensation Awards 

(a) General. The Committee shall have the authority, at the time of grant of any Award described in Sections 6 through 8 to
designate such Award as a Performance Compensation Award in order to qualify such Award as “performance-based compensation” under Section 162(m) of the Code. In addition, the Committee shall have the authority to provide that any
Award described in Section 7 or 8 (including an Award described in Section 7 or 8 which is also a Performance Compensation Award) may be paid in the form of cash rather than Shares. 

(b) Eligibility. The Committee will, in its sole discretion, designate within the first 90 days of a Performance Period (or, with
respect to a Performance Period of less than one year, prior to the lapse of 25 percent of such Performance Period), which Participants will be eligible to receive Performance 

 

 13 

 
Compensation Awards in respect of such Performance Period. However, designation of a Participant eligible to receive an Award hereunder for a Performance Period shall not in any manner entitle
the Participant to receive payment in respect of any Performance Compensation Award for such Performance Period. The determination as to whether or not such Participant becomes entitled to payment in respect of any Performance Compensation Award
shall be decided solely in accordance with the provisions of this Section 9. Moreover, designation of a Participant as eligible to receive an Award hereunder for a particular Performance Period shall not require designation of such Participant
as eligible to receive an Award hereunder in any subsequent Performance Period and designation of one person as a Participant eligible to receive an Award hereunder shall not require designation of any other person as a Participant eligible to
receive an Award hereunder in such period or in any other period. 
 (c) Discretion of Committee with Respect to Performance
Compensation Awards. With regard to a particular Performance Period, the Committee shall have full discretion to select the length of such Performance Period, the type(s) of Performance Compensation Awards to be issued, the Performance Criteria
that will be used to establish the Performance Goal(s), the kind(s) and/or level(s) of the Performance Goals(s) that is (are) to apply to the Company and the Performance Formula. Within the first 90 days of a Performance Period (or, with respect to
a Performance Period of less than one year, prior to the lapse of 25 percent of such Performance Period), the Committee shall, with regard to the Performance Compensation Awards to be issued for such Performance Period, exercise its discretion with
respect to each of the matters enumerated in the immediately preceding sentence of this Section 9(c) and record the same in writing. With respect to any Performance Compensation Award intended to qualify as “performance-based
compensation” under Section 162(m) of the Code, the Committee (i) shall not provide, in the terms of the Award or otherwise by the exercise of discretion, for any payment of the Award, in whole or in part, under circumstances where
the Performance Goals may not be achieved (e.g., in the event of retirement or involuntary termination), except that the terms of the Award may provide for payment, without regard to whether the Performance Goals have been achieved, in the event of
death, disability or a Change in Control, and (ii) shall not establish such other terms and conditions, or exercise its discretion, or otherwise grant such Performance Compensation Award in such amount or manner, as to cause such Award to
violate the conditions necessary to qualify as performance-based compensation within the meaning of Section 162(m) of the Code and the regulations thereunder. 

(d) Payment of Performance Compensation Awards. 

(i) Condition to Receipt of Payment. Unless otherwise provided in the applicable Award Agreement, a Participant
must be employed by the Company on the last day of a Performance Period to be eligible for payment in respect of a Performance Compensation Award for such Performance Period. 

(ii) Limitation. A Participant shall be eligible to receive payment in respect of a Performance Compensation Award
only to the extent that: (A) the Performance Goals for such period are achieved; and (B) the Performance Formula as applied against such Performance Goals determines that all or some portion of such Participant’s Performance
Compensation Award has been earned for the Performance Period. 
 (iii) Certification. Following the
completion of a Performance Period, the Committee shall review and certify in writing whether, and to what extent, the Performance Goals for the Performance Period have been achieved and, if so, calculate and certify in writing that amount of the
Performance Compensation Awards earned for the period based upon the Performance Formula. The Committee shall then determine the actual size of each Participant’s Performance Compensation Award for the Performance Period and, in so doing, may
apply Negative Discretion in accordance with Section 9(d)(iv) hereof, if and when it deems appropriate. 
  

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 (iv) Use of Discretion. In determining the actual size of an
individual Performance Award for a Performance Period, the Committee may reduce or eliminate the amount of the Performance Compensation Award earned under the Performance Formula in the Performance Period through the use of Negative Discretion if,
in its sole judgment, such reduction or elimination is appropriate. The Committee shall not have the discretion to (a) grant or provide payment in respect of Performance Compensation Awards for a Performance Period if the applicable Performance
Goal for such Performance Period has not been attained (except that the terms of the Award may provide for full or partial payment, without regard to whether the Performance Goal has been achieved, in the event of the Participant’s death or
disability); or (b) increase a Performance Compensation Award above the maximum amount payable under Section 4(a) (as modified by Section 4(b) or Section 9(d)(vi) of the Plan). 

(v) Timing of Award Payments. Performance Compensation Awards granted for a Performance Period shall be paid to
participants as soon as administratively practicable following the last to occur of (A) the date of completion of the certifications required by this Section 9, or (B) if payment for Performance Compensation Award is subject to a
vesting or other condition or restriction, the date such vesting or other condition or restriction is satisfied. Notwithstanding the foregoing, payment shall in no event take place later than March 15 of the calendar year following the year in
which ends the Performance Period (in the case of a Performance Compensation Award not subject to a vesting or other condition or restriction on payment), or March 15 of the calendar year following the calendar year in which such vesting or
other condition or restriction, as applicable, is satisfied. 
 (vi) Maximum Award Payable.
Notwithstanding any provision contained in this Plan to the contrary, no Participant may receive a Performance Compensation Award for a Performance Period that relates to Shares which are more than the Individual Share Limit set forth in
Section 4(a), less the amount of Shares relating to all other Awards under the Plan received by the Participant for the calendar year in which the Performance Period ends. 

SECTION 10. Termination of Employment/Service 

The Committee shall have the full power and authority to determine the terms and conditions that shall apply to any Award upon a
termination of employment/service, including a termination by the Company without Cause, by a Participant voluntarily, or by reason of death, Disability or Retirement. 

SECTION 11. Change in Control 

(a) Change in Control – In General. In the event that the employment of the Participant is involuntarily terminated by the
Company (or its successor) other than for Cause within the one-year period following a Change in Control, all unvested Awards described in Sections 6 through 9 shall vest immediately upon such a termination. In the case of such vested Awards that
are Options, such Awards shall become immediately exercisable in accordance with their terms and shall remain exercisable for the remainder of their stated term. In the case of such vested Awards other than Options, such Awards shall be distributed
in accordance with Section 7(d), Section 8(b) or Section 9(d)(v), as applicable. 
 (b) Performance
Compensation Awards. With respect to a Performance Compensation Award, in the event the Change in Control takes place before the end of the Performance Period, the amount of the Award shall be fixed as the target amount of the Award multiplied
by a fraction, the numerator of which is the number of days in the Performance Period prior to the date of the Change in Control and the denominator of which is the total number of days in the Performance Period. Any such Award which is

  

 15 

 
in fact paid prior to attainment and certification of the Performance Goals with respect to the Award shall not qualify as “performance-based compensation” for purposes of
Section 162(m) of the Code. 
 SECTION 12. Amendment and Termination 

(a) Amendments to the Plan. The Board may amend, alter, suspend, discontinue, or terminate the Plan or any portion thereof at any
time; provided that (i) no such amendment, alteration, suspension, discontinuation or termination shall be made without requisite stockholder approval if such approval is necessary to comply with any tax or regulatory requirement for which or
with which the Board deems it necessary or desirable to comply and (ii) any such amendment, alteration, suspension, discontinuance or termination that would adversely affect the material rights of any Participant or any holder or beneficiary of
any Award theretofore granted shall not to that extent be effective without the consent of the affected Participant, holder, or beneficiary. In addition, the Committee may amend the Plan or any portion thereof at any time to (1) cure any
ambiguity or to correct or supplement any provision of the Plan which may be defective or inconsistent with any other provision of the Plan or (2) make any other provisions in regard to matters or questions arising under the Plan which the
Committee may deem necessary or desirable and which, in the judgment of the Committee, is not material; provided that no such amendment shall be made without requisite stockholder approval if such approval is necessary to comply with any tax or
regulatory requirement for which or with which the Board or the Committee deems it necessary or desirable to comply. 
 (b)
Amendments to Awards. The Committee may waive any conditions or rights under, amend any terms of, or alter, suspend, discontinue, cancel or terminate, any Award theretofore granted, prospectively or retroactively; provided that any such
waiver, amendment, alteration, suspension, discontinuance, cancellation or termination that would adversely affect the rights of any Participant or any holder or beneficiary of any Award theretofore granted shall not to that extent be effective
without the consent of the affected Participant, holder, or beneficiary; and provided further that the Committee shall not have the power to amend the terms of previously granted Awards to reduce, or cancel such Awards and grant substitute Awards
which would have the effect of reducing the exercise price except pursuant to paragraph (c) or (d) below. Except in connection with a corporate transaction involving the Company (including, without limitation, any stock dividend, stock
split, extraordinary cash dividend, recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination, or exchange of shares), the terms of outstanding Awards may not, without stockholder approval, be amended to reduce the
exercise price of outstanding Options or cancel outstanding Options in exchange for cash, other Awards or Options with an exercise price that is less than the exercise price of the original Options, nor may the Committee take any action, without
stockholder approval, which is considered a “repricing” for purposes of the stockholder approval rules of The NASDAQ Stock Market. 

(c) Adjustment of Awards upon the Occurrence of Certain Unusual or Nonrecurring Events. The Committee is hereby authorized to make
adjustments in the terms and conditions of, and the criteria included in, Awards in recognition of unusual or nonrecurring events (including, without limitation, the events described in Section 4(b) hereof) affecting the Company, any Affiliate,
or the financial statements of the Company or any Affiliate, or of changes in applicable laws, regulations, or accounting principles, whenever the Committee determines that such adjustments are appropriate in order to prevent dilution or enlargement
of the benefits or potential benefits intended to be made available under the Plan; provided that, unless otherwise determined by the Committee, no such adjustment shall be authorized to the extent that such authority would be inconsistent with the
Plan’s meeting the requirements of Section 162(m) to the extent Section 162(m) applies to an Award. 
 (d)
Compliance with Code Section 409A. Notwithstanding anything herein to the contrary, in the event of any action taken by the Committee to vest part or all of a Participant’s Restricted Stock Unit

  

 16 

 
Award or Performance Compensation Award that would otherwise be forfeited, distribution thereof to the Participant shall be made no later than March 15 of the calendar year following the
calendar year in which such vesting occurs. 
 Notwithstanding anything herein to be contrary, no waiver, amendment, alteration,
suspension, discontinuation or termination of an Award by the Committee shall constitute (i) a modification of a stock right within the meaning of Treas. Reg. Section 1.409A-1(b)(5)(v)(B) so as to constitute the grant of a new stock right
(unless such new stock right does not constitute a deferral of compensation within the meaning of Code Section 409A and the regulations thereunder), (ii) an extension of a stock right, including the addition of any feature for the deferral
of compensation, within the meaning of Treas. Reg. Section 1.409A-1(b)(5)(v)(C), or an impermissible acceleration of a payment date or a subsequent deferral of a stock right subject to Code Section 409A within the meaning of Treas. Reg.
Section 1.409A-1(b)(5)(v)(E). 
 Notwithstanding the foregoing or any provision of the Plan to the contrary, the Committee
may at any time (without the consent of Participants) modify, amend or terminate any or all provisions of this Plan to the extent necessary to ensure that payments and/or Awards under the Plan are not “deferred compensation” subject to
Section 409A of the Code (or, alternatively, conform to the requirements of Section 409A of the Code). 

Notwithstanding anything herein to the contrary, in the event (i) the Committee determines that any payment hereunder to a
Participant who is a “specified employee” within the meaning of Treas. Reg. § 1.409A-(1)(i) constitutes “deferred compensation” within the meaning of Section 409A of the Code and the regulations thereunder and
does not qualify for an exception from the requirements of Section 409A of the Code, and (ii) such payment is pursuant to the Participant’s Separation from Service, then no such payment shall be made to such Participant during the
first six months following such Participant’s Separation from Service and any amount payment of which is delayed by reason of the foregoing shall be paid in a single lump sum on the first business day of the seventh month following the
Participant’s Separation from Service. 
 SECTION 13. General Provisions 

(a) Dividend Equivalents. In the sole and complete discretion of the Committee, an Award may provide the Participant with dividends
or dividend equivalents, payable in cash, Shares, other securities or other property on a current or deferred basis, provided however, that any such dividends or dividend equivalents shall be paid with respect to a Performance Compensation Award
only to the extent such Performance Compensation Award has been earned and vested. 
 (b) Transferability. Except as
provided below, no Award shall be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by a Participant, except by will or the laws of descent and distribution. Notwithstanding the foregoing, a Participant may transfer
any vested Award, other than an Incentive Stock Option, to any person who is a “family member” of the Participant as such term is used in the instructions to Form S-8 (collectively, the “Immediate Family Members”) or to one or
more trusts for the exclusive benefit of such Immediate Family Members or partnerships in which such Immediate Family Members are the only partners if the Award Agreement so provides, the transfer is approved by the Committee and the Participant
does not receive any consideration for the transfer. Any such transferred Award shall continue to be subject to the same terms and conditions that were applicable to such Award immediately prior to its transfer (except that such transferred Award
shall not be further transferable by the transferee). 
  

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 (c) No Rights to Awards. No Person shall have any claim to be granted any Award, and
there is no obligation for uniformity of treatment of employees, non-employee directors, consultants, Participants, or holders or beneficiaries of Awards. The terms and conditions of Awards need not be the same with respect to each recipient.

 (d) Share Certificates. All certificates for Shares or other securities of the Company or any Affiliate delivered
under the Plan pursuant to any Award or the exercise thereof shall be subject to such stop transfer orders and other restrictions as the Committee may deem advisable under the Plan or the rules, regulations, and other requirements of the SEC, any
stock exchange or interdealer market system upon which such Shares or other securities are then listed, and any applicable federal or state laws, and the Committee may cause a legend or legends to be put on any such certificates to make appropriate
reference to such restrictions. 
 (e) Withholding. A Participant may be required to pay to the Company or any Affiliate
and the Company or any Affiliate shall have the right and is hereby authorized to withhold from any Award, from any payment due or transfer made under any Award or under the Plan or from any compensation or other amount owing to a Participant the
amount (in cash, Shares, other securities, other Awards or other property) of any applicable withholding or other taxes in respect of an Award, its exercise, or any payment or transfer under an Award or under the Plan and to take such other action
as may be necessary in the opinion of the Company to satisfy all obligations for the payment of such taxes. The Committee may provide in an Award Agreement that a Participant can satisfy the foregoing requirement by electing to have the Company
withhold Shares having a Fair Market Value sufficient to satisfy the minimum amount of tax required to be withheld, as determined by the Committee. Such “net settlement” of Shares with respect to an Award is hereby specifically authorized
as an alternative for the satisfaction of withholding obligations. 
 (f) Award Agreements. Each Award hereunder shall be
evidenced by an Award Agreement that shall be delivered to the Participant and shall specify the terms and conditions of the Award and any rules applicable thereto. In the event of a conflict between the terms of the Plan and any Award Agreement,
the terms of the Award Agreement shall prevail. 
 (g) No Limit on Other Compensation Arrangements. Nothing contained in
the Plan shall prevent the Company or any Affiliate from adopting or continuing in effect other compensation arrangements, which may, but need not, provide for the grant of options, restricted stock, Shares and other types of Awards provided for
hereunder (subject to stockholder approval if such approval is required), and such arrangements may be either generally applicable or applicable only in specific cases. 

(h) No Right to Employment or Continued Service. The grant of an Award shall not be construed as giving a Participant the right to
be retained in the employ of the Company or any Affiliate, or if a non-employee director or consultant, to continue to provide services to the Company. Further, the Company or an Affiliate may at any time dismiss a Participant from employment, free
from any liability or any claim under the Plan, unless otherwise expressly provided in the Plan or in any Award Agreement. 

(i) No Rights as Stockholder. Subject to the provisions of the applicable Award, no Participant or holder or beneficiary of any
Award shall have any rights as a stockholder with respect to any Shares to be distributed under the Plan until he or she has become the holder of such Shares. Notwithstanding the foregoing, in connection with each grant of Restricted Stock
hereunder, the applicable Award shall specify if and to what extent the Participant shall not be entitled to the rights of a stockholder in respect of such Restricted Stock. 

 

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 (j) Governing Law. The validity, construction, and effect of the Plan and any rules
and regulations relating to the Plan and any Award Agreement shall be determined in accordance with the laws of the State of Delaware without giving effect to the conflict of law principles thereof. 

(k) Severability. If any provision of the Plan or any Award is or becomes or is deemed to be invalid, illegal, or unenforceable in
any jurisdiction or as to any Person or Award, or would disqualify the Plan or any Award under any law deemed applicable by the Committee, such provision shall be construed or deemed amended to conform to the applicable laws, or if it cannot be
construed or deemed amended without, in the determination of the Committee, materially altering the intent of the Plan or the Award, such provision shall be stricken as to such jurisdiction, Person or Award and the remainder of the Plan and any such
Award shall remain in full force and effect. 
 (l) Other Laws. The Committee may refuse to issue or transfer any Shares
or other consideration under an Award if, acting in its sole discretion, it determines that the issuance or transfer of such Shares or such other consideration might violate any applicable law or regulation or entitle the Company to recover the same
under Section 16(b) of the Exchange Act, and any payment tendered to the Company by a Participant, other holder or beneficiary in connection with the exercise of such Award shall be promptly refunded to the relevant Participant, holder, or
beneficiary. Without limiting the generality of the foregoing, no Award granted hereunder shall be construed as an offer to sell securities of the Company, and no such offer shall be outstanding, unless and until the Committee in its sole discretion
has determined that any such offer, if made, would be in compliance with all applicable requirements of the U.S. federal or non-U.S. securities laws and any other laws to which such offer, if made, would be subject. 

(m) No Trust or Fund Created. Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of
any kind or a fiduciary relationship between the Company or any Affiliate and a Participant or any other Person. To the extent that any Person acquires a right to receive payments from the Company or any Affiliate pursuant to an Award, such right
shall be no greater than the right of any unsecured general creditor of the Company or any Affiliate. 
 (n) No Liability of
Committee Members. No member of the Committee shall be personally liable by reason of any contract or other instrument executed by such member or on his behalf in his capacity as a member of the Committee nor for any mistake of judgment made in
good faith, and the Company shall indemnify and hold harmless each member of the Committee and each other employee, officer or director of the Company to whom any duty or power relating to the administration or interpretation of the Plan may be
allocated or delegated, against any cost or expense (including counsel fees) or liability (including any sum paid in settlement of a claim) arising out of any act or omission to act in connection with the Plan unless arising out of such
person’s own fraud or willful bad faith; provided, however, that approval of the Board shall be required for the payment of any amount in settlement of a claim against any such person. The foregoing right of indemnification shall not be
exclusive of any other rights of indemnification to which such persons may be entitled under the Company’s Articles of Incorporation or By-Laws, as a matter of law, or otherwise, or any power that the Company may have to indemnify them or hold
them harmless. 
 (o) Reliance on Reports. Each member of the Committee and each member of the Board shall be fully
justified in acting or failing to act, as the case may be, and shall not be liable for having so acted or failed to act in good faith, in reliance upon any report made by the independent public accountant of the Company and its Affiliates and/or any
other information furnished in connection with the Plan by any person or persons other than himself or herself. 
  

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 (p) Relationship to Other Benefits. No payment under the Plan shall be taken into
account in determining any benefits under any pension, retirement, profit sharing, group insurance or other benefit plan of the Company or of any Affiliate, except as otherwise specifically provided in such other plan. 

(q) Compliance with Applicable Law. Notwithstanding any provision in the Plan to the contrary, and without the need to obtain the
consent of any Participant or of any holder or beneficiary of any Award, the Committee reserves the right to add any additional terms or provisions to any Award granted under the Plan that it in its sole discretion deems necessary or advisable in
order that such Award complies with the legal requirements of any governmental entity to whose jurisdiction the Award is subject. 

(r) No Fractional Shares. No fractional Shares shall be issued or delivered pursuant to the Plan or any Award, and the Committee
shall determine whether cash, other securities, or other property shall be paid or transferred in lieu of any fractional Shares or whether such fractional Shares or any rights thereto shall be canceled, terminated or otherwise eliminated.

 (s) Headings. Headings are given to the Sections and subsections of the Plan solely as a convenience to facilitate
reference. Such headings shall not be deemed in any way material or relevant to the construction or interpretation of the Plan or any provision thereof. 

(t) Information Provided to Participants. The Company shall provide financial statements to Participants at least annually and
such other information as may be required by law. 
 SECTION 14. Company Right to Cancel Awards 

In the event of any of the following: 

(a) the Company is merged or consolidated with another corporation or entity and, in connection therewith, consideration is received by
shareholders of the Company in a form other than stock or other equity interests of the surviving entity; 
 (b) all or
substantially all of the assets of the Company are acquired by another Person; 
 (c) the reorganization or liquidation of the
Company; or 
 (d) the Company consummates a written agreement to undergo an event described in clauses (a), (b) or
(c) above, 
 then the Committee may, in its sole discretion and upon at least 10 days advance notice to the affected persons, cancel any
outstanding Awards and cause the holders thereof to be paid, in cash or stock, or any combination thereof, the value of such Awards based upon the price per Share received or to be received by other shareholders of the Company in the event. The
terms of this Section 14 may be varied by the Committee in any particular Award Agreement. The terms of this Section 14 may be varied in appropriate cases to reflect the requirements of Code Section 409A, or to satisfy an exception to
Code Section 409A. 
 SECTION 15. Term of The Plan 

(a) Restatement Effective Date. The effective date of this amended and restated Plan shall be May 27, 2010, conditioned upon
approval of the Plan at the annual meeting of stockholders of the Company held on such date. 
  

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 (b) Expiration Date. No new Awards shall be granted under the Plan after the tenth
anniversary of the Restatement Effective Date. Unless otherwise expressly provided in the Plan or in an applicable Award Agreement, any Award granted hereunder may, and the authority of the Board or the Committee to amend, alter, adjust, suspend,
discontinue, or terminate any such Award or to waive any conditions or rights under any such Award shall, continue after the authority for grant of new Awards hereunder has been exhausted. 

 

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